Kill Devil Hills VA Loan Rates, Closing Costs & Stats

Kill Devil Hills, NC

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    • 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.

    Kill Devil Hills's 30 lenders originated 50 VA loans during 2023. The total origination value was $23,360,000, with an average VA loan value of $467,200.

    Kill Devil Hills VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kill Devil Hills averaged 7.09% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Kill Devil Hills's average VA mortgage closing costs are $7,292.

    The average rate for the prior week (2024-04-12) was 7.12% and one month ago for the week of 2024-03-15, the average rate was 6.58%.

    The average rate one year ago was 6.17%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Kill Devil Hills 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 Kill Devil Hills level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Presidential Bank, FSB 4 6.16% $10,151
    QUICKEN LOANS, LLC 4 6.02% $16,130
    Mortgage Research Center, LLC 4 7.03% $9,332
    USAA Federal Savings Bank 3 6.21% $8,335
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.50% $8,170
    NAVY FEDERAL CREDIT UNION 2 5.94% $9,421
    SOUTHERN TRUST MORTGAGE, LLC 2 6.88% $19,711
    PENTAGON FEDERAL CREDIT UNION 2 5.63% $24,943
    GUARANTEED RATE, INC. 2 6.24% $7,155
    NEW DAY FINANCIAL, LLC 1 6.99% $20,732
    Paramount Residential Mortgage Group, Inc. 1 5.75% $8,476
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $7,836
    PREMIA MORTGAGE, LLC 1 5.63% $8,910
    RELIANCE FIRST CAPITAL, LLC 1 6.50% $12,883
    Southern Bank and Trust Company 1 5.63% $7,277
    The Central Trust Bank 1 5.25% $9,709
    Tidewater Home Funding, LLC 1 6.75% $791
    Towne Bank 1 6.75% $14,674
    UNION HOME MORTGAGE CORP. 1 6.13% $7,356
    UNITED WHOLESALE MORTGAGE, LLC 1 5.62% $7,038
    Academy Bank 1 5.25% $2,938
    U.S. Bank 1 6.25% $4,332
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $28,434
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $6,852
    First National Bank of Pennsylvania 1 5.63% $32,181
    FREEDOM MORTGAGE CORPORATION 1 6.25% $7,226
    GENEVA FINANCIAL, LLC 1 6.88% $19,953
    JAMS-01, INC. 1 6.13% $13,519
    MOVEMENT MORTGAGE, LLC 1 6.25% $14,318
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $25,521

    The top Kill Devil Hills VA lender as defined by loan originations is Presidential Bank, FSB, with 4 VA loans originated. Their average total fees are $10,151, which is $5,978 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Kill Devil Hills VA lenders (with over 10 loans originated) are .

    The lowest rate Kill Devil Hills VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kill Devil Hills (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $442,838 (4.2%) $586,173 (2.7%) 0.00 908
    2018-02-01 $446,725 (3.8%) $584,989 (1.5%) 0.00 938
    2018-03-01 $449,900 (4.9%) $587,721 (2.3%) 0.00 997
    2018-04-01 $457,500 (6.2%) $587,349 (2.9%) 0.00 996
    2018-05-01 $454,950 (2.8%) $580,845 (0.2%) 0.00 1,009
    2018-06-01 $439,000 (0.0%) $564,970 (-1.5%) 0.00 1,008
    2018-07-01 $434,800 (-1.1%) $561,225 (-2.3%) 0.00 983
    2018-08-01 $432,175 (-1.6%) $560,136 (-4.0%) 0.00 996
    2018-09-01 $434,900 (-0.9%) $561,858 (-4.9%) 0.00 1,015
    2018-10-01 $434,800 (-2.2%) $564,515 (-5.6%) 0.00 1,021
    2018-11-01 $424,850 (-5.4%) $568,477 (-4.1%) 0.00 1,025
    2018-12-01 $419,000 (-6.4%) $564,563 (-3.5%) 0.00 1,002
    2019-01-01 $425,000 (-4.0%) $560,243 (-4.4%) 0.00 978
    2019-02-01 $429,500 (-3.9%) $561,468 (-4.0%) 0.00 1,009
    2019-03-01 $439,557 (-2.3%) $567,514 (-3.4%) 0.00 1,073
    2019-04-01 $445,332 (-2.7%) $573,041 (-2.4%) 0.00 1,115
    2019-05-01 $445,350 (-2.1%) $569,775 (-1.9%) 0.00 1,103
    2019-06-01 $449,000 (2.3%) $572,260 (1.3%) 0.00 1,052
    2019-07-01 $450,000 (3.5%) $568,801 (1.4%) 0.00 988
    2019-08-01 $456,091 (5.5%) $564,771 (0.8%) 0.00 963
    2019-09-01 $457,727 (5.3%) $560,113 (-0.3%) 0.00 952
    2019-10-01 $462,000 (6.3%) $559,968 (-0.8%) 0.00 930
    2019-11-01 $464,000 (9.2%) $566,443 (-0.4%) 0.00 905
    2019-12-01 $464,950 (11.0%) $571,048 (1.2%) 0.00 873
    2020-01-01 $469,950 (10.6%) $563,271 (0.5%) 0.00 814
    2020-02-01 $464,950 (8.3%) $558,222 (-0.6%) 0.00 816
    2020-03-01 $477,250 (8.6%) $572,276 (0.8%) 0.00 844
    2020-04-01 $478,750 (7.5%) $564,456 (-1.5%) 0.00 832
    2020-05-01 $479,000 (7.6%) $575,358 (1.0%) 0.00 811
    2020-06-01 $499,700 (11.3%) $608,218 (6.3%) 0.00 687
    2020-07-01 $499,000 (10.9%) $623,035 (9.5%) 0.00 605
    2020-08-01 $524,900 (15.1%) $645,432 (14.3%) 0.00 528
    2020-09-01 $539,000 (17.8%) $679,102 (21.2%) 0.00 477
    2020-10-01 $535,000 (15.8%) $690,635 (23.3%) 0.00 469
    2020-11-01 $537,500 (15.8%) $698,620 (23.3%) 0.00 452
    2020-12-01 $525,000 (12.9%) $697,598 (22.2%) 0.00 409
    2021-01-01 $549,000 (16.8%) $714,896 (26.9%) 0.00 367
    2021-02-01 $537,500 (15.6%) $746,541 (33.7%) 0.00 289
    2021-03-01 $536,000 (12.3%) $764,205 (33.5%) 0.00 253
    2021-04-01 $587,475 (22.7%) $814,014 (44.2%) 0.00 265
    2021-05-01 $599,900 (25.2%) $849,378 (47.6%) 0.00 247
    2021-06-01 $642,225 (28.5%) $899,057 (47.8%) 0.00 266
    2021-07-01 $648,110 (29.9%) $871,740 (39.9%) 0.00 289
    2021-08-01 $639,055 (21.8%) $830,182 (28.6%) 0.00 329
    2021-09-01 $620,750 (15.2%) $811,532 (19.5%) 0.00 311
    2021-10-01 $606,000 (13.3%) $830,365 (20.2%) 0.00 278
    2021-11-01 $646,750 (20.3%) $914,226 (30.9%) 0.00 256
    2021-12-01 $659,975 (25.7%) $966,506 (38.6%) 0.00 227
    2022-01-01 $699,000 (27.3%) $1,069,936 (49.7%) 0.00 199
    2022-02-01 $662,000 (23.2%) $943,788 (26.4%) 0.00 165
    2022-03-01 $720,950 (34.5%) $983,344 (28.7%) 0.00 164
    2022-04-01 $725,000 (23.4%) $965,878 (18.7%) 0.00 179
    2022-05-01 $739,450 (23.3%) $989,447 (16.5%) 0.00 232
    2022-06-01 $699,000 (8.8%) $954,000 (6.1%) 0.00 290
    2022-07-01 $695,000 (7.2%) $962,004 (10.4%) 0.00 343
    2022-08-01 $676,200 (5.8%) $943,060 (13.6%) 0.00 351
    2022-09-01 $686,326 (10.6%) $931,478 (14.8%) 0.00 324
    2022-10-01 $672,500 (11.0%) $921,895 (11.0%) 0.00 316
    2022-11-01 $672,259 (3.9%) $925,944 (1.3%) 0.00 321
    2022-12-01 $629,950 (-4.6%) $860,883 (-10.9%) 0.00 325
    2023-01-01 $672,009 (-3.9%) $872,207 (-18.5%) 0.00 280
    2023-02-01 $649,700 (-1.9%) $899,128 (-4.7%) 0.00 249
    2023-03-01 $671,008 (-6.9%) $939,838 (-4.4%) 0.00 241
    2023-04-01 $670,000 (-7.6%) $940,727 (-2.6%) 0.00 238
    2023-05-01 $687,000 (-7.1%) $999,619 (1.0%) 0.00 238
    2023-06-01 $714,450 (2.2%) $1,045,309 (9.6%) 0.00 243
    2023-07-01 $692,450 (-0.4%) $996,747 (3.6%) 0.00 261
    2023-08-01 $686,875 (1.6%) $965,771 (2.4%) 0.00 288
    2023-09-01 $699,950 (2.0%) $961,152 (3.2%) 0.00 327
    2023-10-01 $699,225 (4.0%) $941,253 (2.1%) 0.00 331
    2023-11-01 $722,625 (7.5%) $934,760 (1.0%) 0.00 368
    2023-12-01 $749,000 (18.9%) $955,608 (11.0%) 0.00 353
    2024-01-01 $709,750 (5.6%) $950,830 (9.0%) 0.00 332
    2024-02-01 $699,450 (7.7%) $941,400 (4.7%) 0.00 335
    2024-03-01 $699,000 (4.2%) $948,392 (0.9%) 0.00 350
    Kill Devil Hills's median listing price for 2024-03-01 was $699,000, a difference of $27,992 (4.2%) versus the prior year and $-450 versus the prior month.

    Kill Devil Hills's median listing price comes in at 0% of the national average.

    Kill Devil Hills's average listing price for 2024-03-01 was $948,392, a difference of $8,554 (0.9%) versus the prior year and $6,992 versus the prior month.

    For the 2024-03-01 period, Kill Devil Hills had 350 MLS listings, a difference of 15 listings (4%) versus the prior month and 109 listings (45%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kill Devil Hills (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,146 sqft
    2018-02-01 0 days 2,152 sqft
    2018-03-01 0 days 2,182 sqft
    2018-04-01 0 days 2,202 sqft
    2018-05-01 0 days 2,191 sqft
    2018-06-01 0 days 2,119 sqft
    2018-07-01 0 days 2,100 sqft
    2018-08-01 0 days 2,126 sqft
    2018-09-01 0 days 2,125 sqft
    2018-10-01 0 days 2,092 sqft
    2018-11-01 0 days 2,056 sqft
    2018-12-01 0 days 2,019 sqft
    2019-01-01 0 days 2,022 sqft
    2019-02-01 0 days 2,022 sqft
    2019-03-01 0 days 2,045 sqft
    2019-04-01 0 days 2,061 sqft
    2019-05-01 0 days 2,048 sqft
    2019-06-01 0 days 2,029 sqft
    2019-07-01 0 days 2,039 sqft
    2019-08-01 0 days 2,049 sqft
    2019-09-01 0 days 2,078 sqft
    2019-10-01 0 days 2,123 sqft
    2019-11-01 0 days 2,144 sqft
    2019-12-01 0 days 2,125 sqft
    2020-01-01 0 days 2,139 sqft
    2020-02-01 0 days 2,133 sqft
    2020-03-01 0 days 2,187 sqft
    2020-04-01 0 days 2,181 sqft
    2020-05-01 0 days 2,171 sqft
    2020-06-01 0 days 2,294 sqft
    2020-07-01 0 days 2,286 sqft
    2020-08-01 0 days 2,321 sqft
    2020-09-01 0 days 2,337 sqft
    2020-10-01 0 days 2,210 sqft
    2020-11-01 0 days 2,241 sqft
    2020-12-01 0 days 2,199 sqft
    2021-01-01 0 days 2,261 sqft
    2021-02-01 0 days 2,318 sqft
    2021-03-01 0 days 2,250 sqft
    2021-04-01 0 days 2,273 sqft
    2021-05-01 0 days 2,200 sqft
    2021-06-01 0 days 2,191 sqft
    2021-07-01 0 days 2,168 sqft
    2021-08-01 0 days 2,075 sqft
    2021-09-01 0 days 2,006 sqft
    2021-10-01 0 days 2,002 sqft
    2021-11-01 0 days 2,110 sqft
    2021-12-01 0 days 2,105 sqft
    2022-01-01 0 days 2,292 sqft
    2022-02-01 0 days 2,085 sqft
    2022-03-01 0 days 2,272 sqft
    2022-04-01 0 days 2,267 sqft
    2022-05-01 0 days 2,206 sqft
    2022-06-01 0 days 2,052 sqft
    2022-07-01 0 days 2,067 sqft
    2022-08-01 0 days 2,005 sqft
    2022-09-01 0 days 1,985 sqft
    2022-10-01 0 days 1,990 sqft
    2022-11-01 0 days 1,951 sqft
    2022-12-01 0 days 1,880 sqft
    2023-01-01 0 days 1,988 sqft
    2023-02-01 0 days 2,024 sqft
    2023-03-01 0 days 2,112 sqft
    2023-04-01 0 days 2,112 sqft
    2023-05-01 0 days 2,156 sqft
    2023-06-01 0 days 2,164 sqft
    2023-07-01 0 days 2,109 sqft
    2023-08-01 0 days 2,069 sqft
    2023-09-01 0 days 2,063 sqft
    2023-10-01 0 days 2,086 sqft
    2023-11-01 0 days 2,069 sqft
    2023-12-01 0 days 2,020 sqft
    2024-01-01 0 days 1,954 sqft
    2024-02-01 0 days 1,940 sqft
    2024-03-01 0 days 1,898 sqft
    Kill Devil Hills's median listing age (time on market) for 2024-03-01 was 0 days.

    Kill Devil Hills's median square footage for active listings during the 2024-03-01 period was 1,898 sqft. One year prior, the average listing was 2,112 sqft.

    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.