Hickory VA Loan Rates, Closing Costs & Stats

HICKORY-LENOIR-MORGANTON, NC

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Hickory's 82 lenders originated 629 VA loans during 2024. The total origination value was $194,065,000, with an average VA loan value of $308,529.

Hickory VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Hickory averaged 0.45% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

Hickory's average VA mortgage closing costs are $5,641.

The average rate for the prior week (2025-06-27) was 6.68% and one month ago for the week of 2025-05-30, the average rate was 6.81%.

The average rate one year ago was 6.82%.

For refis of the same type during the week of 2025-07-04, the average rate was 0.4%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Hickory VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Hickory level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 114 6.56% $4,645
UNITED WHOLESALE MORTGAGE, LLC 59 5.85% $8,763
QUICKEN LOANS, LLC 38 6.09% $9,634
FREEDOM MORTGAGE CORPORATION 30 6.30% $8,119
PENNYMAC LOAN SERVICES, LLC 25 5.72% $7,237
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 24 6.33% $6,631
NAVY FEDERAL CREDIT UNION 20 5.89% $4,411
NEW DAY FINANCIAL, LLC 19 7.34% $11,488
EAGLE HOME MORTGAGE, LLC 19 5.93% $5,334
DHI MORTGAGE COMPANY, LTD. 16 5.09% $3,030
VILLAGE CAPITAL MORTGAGE 15 5.56% $7,417
LOANDEPOT.COM, LLC 14 6.45% $7,572
CROSSCOUNTRY MORTGAGE, LLC 14 6.47% $7,173
USAA Federal Savings Bank 11 6.39% $7,413
MOVEMENT MORTGAGE, LLC 10 6.60% $7,832
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.36% $5,421
MORTGAGE SOLUTIONS OF COLORADO, LLC 8 7.56% $3,180
NEWREZ LLC 7 6.02% $9,554
Alcova Mortgage LLC 7 6.57% $8,653
CARDINAL FINANCIAL 7 6.52% $8,037
INSPIRE HOME LOANS INC. 6 6.06% $3,897
The Federal Savings Bank 6 6.54% $11,303
SeaTrust Mortgage Company 5 6.18% $11,201
Barrington Bank & Trust Company, N.A. 5 6.35% $5,501
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.62% $7,629
INTERCOASTAL MORTGAGE COMPANY 5 6.65% $5,185
GUARANTEED RATE, INC. 4 6.50% $4,173
MUTUAL OF OMAHA MORTGAGE, INC. 4 5.62% $20,841
LAKEVIEW LOAN SERVICING, LLC 3 5.50% $5,923
Mid-Continent Funding, Inc. 3 6.21% $4,319
GUILD MORTGAGE COMPANY 3 6.83% $6,547
Truist 3 6.17% $5,511
NVR Mortgage Finance, Inc. 3 5.58% $9,337
Mr. Cooper ( Nationstar Mortgage ) 3 6.75% $11,315
Paramount Residential Mortgage Group, Inc. 3 6.46% $7,674
Integrity Home Mortgage Corp 3 6.83% $7,984
Equity Prime Mortgage LLC 3 5.88% $7,111
Flagstar Bank, FSB 2 5.31% $4,468
GoPrime Mortgage, Inc. 2 6.56% $2,676
U.S. Bank 2 6.69% $6,546
AMERICAN FINANCIAL RESOURCES, INC. 2 5.88% $11,432
Fifth Third Bank 2 6.63% $3,548
M/I FINANCIAL, LLC 2 4.38% $19,538
MILEND, INC. 2 6.13% $15,274
Credence Funding Corporation 2 5.31% $6,572
CLEARPATH LENDING 2 5.94% $1,780
CHURCHILL MORTGAGE CORPORATION 2 5.81% $10,779
Carrington Mortgage Services, LLC 2 6.44% $4,861
PLANET HOME LENDING, LLC 2 6.06% $5,381
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.81% $1,695
BROKER SOLUTIONS, INC. 2 6.50% $17,815
Renasant Bank 2 6.88% $11,102
Atlantic Coast Mortgage, LLC 2 6.38% $19,210
T2 FINANCIAL LLC 2 6.13% $8,696
AMERISAVE MORTGAGE CORPORATION 2 6.00% $19,820
TJC Mortgage, Inc. 2 6.69% $7,346
UNION HOME MORTGAGE CORP. 2 7.00% $6,563
American Security Mortgage Corp. 2 6.13% $8,466
First Federal Bank 2 6.06% $2,798
CALCON MUTUAL MORTGAGE LLC 1 6.13% $854
Plains Commerce Bank 1 6.00% $2,773
First National Bank Texas 1 6.13% $9,210
PLAZA HOME MORTGAGE, INC. 1 6.50% $8,197
PREMIA MORTGAGE, LLC 1 5.63% $5,138
Presidential Bank, FSB 1 5.88% $0
LOANPAL, LLC 1 6.13% $16,192
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $4,186
SUCCESS MORTGAGE PARTNERS, INC. 1 6.50% $12,995
Mortgage Assurance Inc. 1 6.00% $4,277
Lakeview Community Capital, LLC 1 5.25% $7,375
Prosperity Home Mortgage, LLC 1 5.75% $3,197
First-Citizens Bank & Trust Company 1 6.00% $4,134
First Bank 1 5.75% $8,599
M&T Bank 1 7.63% $8,144
HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.75% $11,453
Nations Lending Corporation 1 6.75% $930
CityWorth Mortgage LLC 1 5.75% $8,552
NBKC BANK 1 6.38% $2,500
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.00% $9,308
RESOURCE FINANCIAL SERVICES, INC. 1 7.25% $10,653
HOMESIDE FINANCIAL, LLC 1 5.75% $24,739
GUARANTEED RATE AFFINITY, LLC 1 6.25% $1,961

The top Hickory VA lender as defined by loan originations is Mortgage Research Center, LLC, with 114 VA loans originated. Their average total fees are $4,645, which is $4,117 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Hickory VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($3,030), NAVY FEDERAL CREDIT UNION ($4,411), Mortgage Research Center, LLC ($4,645), EAGLE HOME MORTGAGE, LLC ($5,334) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,421).

The lowest rate Hickory VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.09%), VILLAGE CAPITAL MORTGAGE (5.56%), PENNYMAC LOAN SERVICES, LLC (5.72%), UNITED WHOLESALE MORTGAGE, LLC (5.85%) and NAVY FEDERAL CREDIT UNION (5.89%).

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.