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 117 lenders originated 1,188 VA loans during 2021. The total origination value was $284,620,000, with an average VA loan value of $239,579.
Hickory VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Hickory
averaged
6.59%
for the week of 2023-01-27, compared to the national average (all VA variants) of
5.952% for the same period.
Hickory's average VA mortgage closing costs are $4,679.
The average rate for the prior week (2023-01-20) was
6.32% and
one month ago for the week of 2022-12-23, the
average rate was 6.49%.
The average rate one year ago was 3.79%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.25%.
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.
The top Hickory VA lender as defined by loan originations is Mortgage Research Center, LLC, with
118 VA loans originated. Their average total fees are
$5,333, which is $741
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Hickory VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($2,326), LAKEVIEW LOAN SERVICING, LLC ($2,421), VILLAGE CAPITAL MORTGAGE ($2,640), CLEARPATH LENDING ($3,341) and Mr. Cooper ( Nationstar Mortgage ) ($3,438).
The lowest rate Hickory VA lenders (with over 10 loans originated) are
CLEARPATH LENDING (2.17%), VILLAGE CAPITAL MORTGAGE (2.35%), PENNYMAC LOAN SERVICES, LLC (2.40%), FREEDOM MORTGAGE CORPORATION (2.47%) and LAKEVIEW LOAN SERVICING, LLC (2.50%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hickory (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $229,250 (27.7%) | $314,546 (18.5%) | 0.85 | 1,032 |
2018-02-01 | $232,175 (25.8%) | $322,146 (18.8%) | 0.84 | 1,095 |
2018-03-01 | $247,198 (28.7%) | $342,946 (23.3%) | 0.87 | 1,058 |
2018-04-01 | $253,680 (23.8%) | $349,065 (22.0%) | 0.86 | 1,116 |
2018-05-01 | $257,400 (19.8%) | $353,484 (21.3%) | 0.86 | 1,110 |
2018-06-01 | $259,900 (19.5%) | $359,066 (18.1%) | 0.87 | 1,119 |
2018-07-01 | $251,950 (14.6%) | $353,646 (14.4%) | 0.84 | 1,196 |
2018-08-01 | $249,500 (10.9%) | $355,552 (16.1%) | 0.84 | 1,221 |
2018-09-01 | $239,900 (6.6%) | $341,633 (9.7%) | 0.81 | 1,264 |
2018-10-01 | $241,150 (6.3%) | $338,343 (7.8%) | 0.81 | 1,269 |
2018-11-01 | $249,000 (6.0%) | $341,370 (7.2%) | 0.84 | 1,202 |
2018-12-01 | $249,000 (6.0%) | $340,450 (7.4%) | 0.86 | 1,141 |
2019-01-01 | $249,950 (9.0%) | $346,136 (10.0%) | 0.86 | 1,001 |
2019-02-01 | $251,718 (8.4%) | $342,304 (6.3%) | 0.85 | 984 |
2019-03-01 | $268,086 (8.5%) | $357,531 (4.3%) | 0.88 | 924 |
2019-04-01 | $281,950 (11.1%) | $377,947 (8.3%) | 0.90 | 867 |
2019-05-01 | $299,700 (16.4%) | $392,295 (11.0%) | 0.94 | 863 |
2019-06-01 | $299,700 (15.3%) | $398,341 (10.9%) | 0.94 | 874 |
2019-07-01 | $299,000 (18.7%) | $394,768 (11.6%) | 0.94 | 889 |
2019-08-01 | $296,214 (18.7%) | $392,174 (10.3%) | 0.94 | 876 |
2019-09-01 | $290,722 (21.2%) | $385,896 (13.0%) | 0.93 | 853 |
2019-10-01 | $280,725 (16.4%) | $378,198 (11.8%) | 0.91 | 844 |
2019-11-01 | $269,900 (8.4%) | $365,093 (7.0%) | 0.88 | 839 |
2019-12-01 | $273,700 (9.9%) | $368,576 (8.3%) | 0.91 | 777 |
2020-01-01 | $267,389 (7.0%) | $371,375 (7.3%) | 0.89 | 702 |
2020-02-01 | $260,000 (3.3%) | $369,680 (8.0%) | 0.85 | 686 |
2020-03-01 | $259,950 (-3.0%) | $361,400 (1.1%) | 0.81 | 679 |
2020-04-01 | $263,575 (-6.5%) | $358,060 (-5.3%) | 0.83 | 672 |
2020-05-01 | $269,900 (-9.9%) | $374,192 (-4.6%) | 0.82 | 592 |
2020-06-01 | $279,450 (-6.8%) | $390,459 (-2.0%) | 0.82 | 531 |
2020-07-01 | $299,500 (0.2%) | $397,376 (0.7%) | 0.87 | 493 |
2020-08-01 | $310,000 (4.7%) | $406,698 (3.7%) | 0.89 | 446 |
2020-09-01 | $299,225 (2.9%) | $408,126 (5.8%) | 0.86 | 515 |
2020-10-01 | $309,900 (10.4%) | $415,334 (9.8%) | 0.89 | 425 |
2020-11-01 | $299,500 (11.0%) | $416,535 (14.1%) | 0.87 | 438 |
2020-12-01 | $294,225 (7.5%) | $410,966 (11.5%) | 0.87 | 412 |
2021-01-01 | $280,000 (4.7%) | $420,385 (13.2%) | 0.84 | 366 |
2021-02-01 | $259,500 (-0.2%) | $413,038 (11.7%) | 0.75 | 324 |
2021-03-01 | $264,450 (1.7%) | $413,138 (14.3%) | 0.75 | 289 |
2021-04-01 | $263,425 (-0.1%) | $415,097 (15.9%) | 0.71 | 283 |
2021-05-01 | $259,950 (-3.7%) | $431,815 (15.4%) | 0.69 | 299 |
2021-06-01 | $267,000 (-4.5%) | $427,168 (9.4%) | 0.70 | 344 |
2021-07-01 | $274,950 (-8.2%) | $410,251 (3.2%) | 0.72 | 394 |
2021-08-01 | $269,450 (-13.1%) | $390,912 (-3.9%) | 0.72 | 405 |
2021-09-01 | $272,450 (-9.0%) | $398,357 (-2.4%) | 0.73 | 407 |
2021-10-01 | $269,000 (-13.2%) | $402,832 (-3.0%) | 0.72 | 375 |
2021-11-01 | $281,950 (-5.9%) | $406,760 (-2.4%) | 0.75 | 359 |
2021-12-01 | $274,950 (-6.6%) | $416,528 (1.4%) | 0.75 | 314 |
2022-01-01 | $294,900 (5.3%) | $436,608 (3.9%) | 0.80 | 256 |
2022-02-01 | $294,200 (13.4%) | $426,182 (3.2%) | 0.77 | 236 |
2022-03-01 | $310,200 (17.3%) | $430,847 (4.3%) | 0.78 | 257 |
2022-04-01 | $300,000 (13.9%) | $448,615 (8.1%) | 0.72 | 253 |
2022-05-01 | $317,425 (22.1%) | $483,276 (11.9%) | 0.73 | 338 |
2022-06-01 | $325,000 (21.7%) | $479,998 (12.4%) | 0.72 | 386 |
2022-07-01 | $339,900 (23.6%) | $474,612 (15.7%) | 0.77 | 468 |
2022-08-01 | $342,450 (27.1%) | $479,618 (22.7%) | 0.79 | 507 |
2022-09-01 | $339,675 (24.7%) | $481,745 (20.9%) | 0.80 | 505 |
2022-10-01 | $339,900 (26.4%) | $476,928 (18.4%) | 0.80 | 522 |
2022-11-01 | $340,398 (20.7%) | $466,909 (14.8%) | 0.82 | 575 |
2022-12-01 | $329,900 (20.0%) | $462,365 (11.0%) | 0.82 | 532 |
Hickory's median listing price comes in at 82% of the national average.
Hickory's average listing price for 2022-12-01 was $462,365, a difference of $45,837 (11.0%) versus the prior year and $-4,544 versus the prior month.
For the 2022-12-01 period, Hickory had 532 MLS listings, a difference of -43 listings (-7%) versus the prior month and 218 listings (69%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hickory (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 128 days | 2,082 sqft |
2018-02-01 | 110 days | 2,070 sqft |
2018-03-01 | 113 days | 2,113 sqft |
2018-04-01 | 87 days | 2,142 sqft |
2018-05-01 | 84 days | 2,179 sqft |
2018-06-01 | 80 days | 2,105 sqft |
2018-07-01 | 85 days | 2,093 sqft |
2018-08-01 | 84 days | 2,103 sqft |
2018-09-01 | 88 days | 2,032 sqft |
2018-10-01 | 92 days | 2,080 sqft |
2018-11-01 | 102 days | 2,072 sqft |
2018-12-01 | 110 days | 2,058 sqft |
2019-01-01 | 112 days | 2,064 sqft |
2019-02-01 | 110 days | 2,012 sqft |
2019-03-01 | 98 days | 2,126 sqft |
2019-04-01 | 78 days | 2,214 sqft |
2019-05-01 | 70 days | 2,285 sqft |
2019-06-01 | 71 days | 2,353 sqft |
2019-07-01 | 71 days | 2,294 sqft |
2019-08-01 | 71 days | 2,264 sqft |
2019-09-01 | 73 days | 2,244 sqft |
2019-10-01 | 74 days | 2,204 sqft |
2019-11-01 | 73 days | 2,124 sqft |
2019-12-01 | 81 days | 2,112 sqft |
2020-01-01 | 90 days | 2,111 sqft |
2020-02-01 | 82 days | 2,075 sqft |
2020-03-01 | 60 days | 2,045 sqft |
2020-04-01 | 61 days | 2,044 sqft |
2020-05-01 | 65 days | 2,073 sqft |
2020-06-01 | 67 days | 2,116 sqft |
2020-07-01 | 57 days | 2,195 sqft |
2020-08-01 | 49 days | 2,194 sqft |
2020-09-01 | 43 days | 2,116 sqft |
2020-10-01 | 45 days | 2,216 sqft |
2020-11-01 | 46 days | 2,189 sqft |
2020-12-01 | 51 days | 2,093 sqft |
2021-01-01 | 60 days | 1,971 sqft |
2021-02-01 | 52 days | 1,930 sqft |
2021-03-01 | 45 days | 1,907 sqft |
2021-04-01 | 37 days | 1,924 sqft |
2021-05-01 | 32 days | 1,889 sqft |
2021-06-01 | 31 days | 1,835 sqft |
2021-07-01 | 30 days | 1,870 sqft |
2021-08-01 | 35 days | 1,904 sqft |
2021-09-01 | 40 days | 1,899 sqft |
2021-10-01 | 40 days | 1,829 sqft |
2021-11-01 | 43 days | 1,902 sqft |
2021-12-01 | 45 days | 1,809 sqft |
2022-01-01 | 48 days | 1,914 sqft |
2022-02-01 | 37 days | 1,877 sqft |
2022-03-01 | 28 days | 1,905 sqft |
2022-04-01 | 29 days | 1,816 sqft |
2022-05-01 | 28 days | 1,805 sqft |
2022-06-01 | 34 days | 1,906 sqft |
2022-07-01 | 35 days | 1,937 sqft |
2022-08-01 | 42 days | 1,981 sqft |
2022-09-01 | 44 days | 1,967 sqft |
2022-10-01 | 49 days | 1,983 sqft |
2022-11-01 | 48 days | 1,980 sqft |
2022-12-01 | 57 days | 1,935 sqft |
Hickory's median square footage for active listings during the 2022-12-01 period was 1,935 sqft. One year prior, the average listing was 1,809 sqft.