Kill Devil Hills VA Loans

Kill Devil Hills, 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 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 48 lenders originated 199 VA loans during 2021. The total origination value was $73,025,000, with an average VA loan value of $366,960.

Kill Devil Hills VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kill Devil Hills averaged 5.57% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.43% and one month ago for the week of 2022-07-01, the average rate was 5.85%.

The average rate one year ago was 3.23%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.4%.

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 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 23 2.45% $8,199
Mortgage Research Center, LLC 21 2.64% $7,419
NAVY FEDERAL CREDIT UNION 18 2.46% $3,433
CALIBER HOME LOANS, INC. 14 2.56% $10,034
GUARANTEED RATE, INC. 9 2.44% $7,788
FREEDOM MORTGAGE CORPORATION 8 2.41% $2,986
PENNYMAC LOAN SERVICES, LLC 7 2.30% $8,098
MOVEMENT MORTGAGE, LLC 5 2.55% $8,854
LOANDEPOT.COM, LLC 5 2.32% $8,146
USAA Federal Savings Bank 5 2.98% $3,108
Towne Bank 4 2.63% $9,307
NEW DAY FINANCIAL, LLC 4 2.75% $13,217
LAKEVIEW LOAN SERVICING, LLC 4 2.38% $3,343
Mr. Cooper ( Nationstar Mortgage ) 4 2.91% $2,593
SOUTHERN TRUST MORTGAGE, LLC 3 2.75% $3,436
ACCELERATE MORTGAGE, LLC 2 2.25% $7,065
AMERICAN FINANCIAL NETWORK, INC. 2 2.75% $8,949
BROKER SOLUTIONS, INC. 2 2.25% $3,757
CLEARPATH LENDING 2 2.50% $2,496
George Mason Mortgage, LLC 2 2.81% $22,559
MUTUAL OF OMAHA MORTGAGE, INC. 2 2.25% $3,279
PENTAGON FEDERAL CREDIT UNION 2 2.31% $1,113
The Federal Savings Bank 2 2.31% $12,193
TIDEWATER MORTGAGE SERVICES, INC. 2 2.69% $6,479
UNITED WHOLESALE MORTGAGE, LLC 2 2.59% $3,264
U.S. Bank 2 2.88% $23,822
VILLAGE CAPITAL & INVESTMENT LLC 2 2.25% $4,485
Wells Fargo Bank 2 2.56% $3,529
NP, Inc. 1 2.25% $1,162
Paramount Residential Mortgage Group, Inc. 1 3.00% $24,085
First Home Bank 1 2.88% $23,342
AMERISAVE MORTGAGE CORPORATION 1 2.88% $8,449
Prime Choice Funding Inc. 1 2.25% $210
Prosperity Home Mortgage, LLC 1 2.37% $9,750
Citizens Bank 1 2.88% $2,172
Barrington Bank & Trust Company, N.A. 1 2.50% $2,409
SOVEREIGN LENDING GROUP INCORPORATED 1 2.75% $3,516
UNION HOME MORTGAGE CORP. 1 2.25% $5,512
Tidewater Home Funding, LLC 1 3.13% $2,517
Advance Financial Group, LLC 1 2.25% $357
Mid-Continent Funding, Inc. 1 2.25% $3,750
KELLER MORTGAGE, LLC 1 2.75% $15,258
TJC Mortgage, Inc. 1 1.75% $5,853
HOME POINT FINANCIAL CORPORATION 1 2.25% $2,677
NBH Bank 1 2.63% $8,762
NBKC BANK 1 2.75% $1,704
GUARANTEED RATE AFFINITY, LLC 1 2.38% $19,180
NewTowne Mortgage, LLC 1 2.75% $5,060

The top Kill Devil Hills VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 23 VA loans originated. Their average total fees are $8,199, which is $780 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Kill Devil Hills VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($3,433), Mortgage Research Center, LLC ($7,419), QUICKEN LOANS, LLC ($8,199), CALIBER HOME LOANS, INC. ($10,034) and .

The lowest rate Kill Devil Hills VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.45%), NAVY FEDERAL CREDIT UNION (2.46%), CALIBER HOME LOANS, INC. (2.56%), Mortgage Research Center, LLC (2.64%) and .


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 $446,500 (4.1%) $597,448 (0.6%) 0.00 662
2018-02-01 $449,000 (3.2%) $603,052 (0.3%) 0.00 686
2018-03-01 $449,900 (4.9%) $598,417 (0.9%) 0.00 742
2018-04-01 $470,000 (8.1%) $606,353 (3.3%) 0.00 731
2018-05-01 $468,900 (4.3%) $604,151 (0.5%) 0.00 740
2018-06-01 $450,000 (0.0%) $592,242 (-1.5%) 0.00 750
2018-07-01 $444,475 (-1.0%) $576,395 (-3.5%) 0.00 741
2018-08-01 $436,200 (-0.6%) $570,775 (-4.0%) 0.00 753
2018-09-01 $429,000 (-2.5%) $571,645 (-5.1%) 0.00 764
2018-10-01 $426,950 (-4.5%) $568,960 (-6.2%) 0.00 769
2018-11-01 $404,900 (-9.8%) $568,125 (-5.6%) 0.00 767
2018-12-01 $399,900 (-10.1%) $565,118 (-4.8%) 0.00 754
2019-01-01 $399,900 (-10.4%) $559,823 (-6.3%) 0.00 734
2019-02-01 $417,000 (-7.1%) $565,328 (-6.3%) 0.00 749
2019-03-01 $427,714 (-4.9%) $571,199 (-4.6%) 0.00 790
2019-04-01 $432,214 (-8.0%) $575,004 (-5.2%) 0.00 811
2019-05-01 $429,000 (-8.5%) $572,669 (-5.2%) 0.00 793
2019-06-01 $425,000 (-5.6%) $571,644 (-3.5%) 0.00 759
2019-07-01 $439,000 (-1.2%) $569,625 (-1.2%) 0.00 723
2019-08-01 $430,429 (-1.3%) $552,607 (-3.2%) 0.00 740
2019-09-01 $420,679 (-1.9%) $534,875 (-6.4%) 0.00 732
2019-10-01 $446,250 (4.5%) $555,524 (-2.4%) 0.00 682
2019-11-01 $445,000 (9.9%) $562,077 (-1.1%) 0.00 664
2019-12-01 $439,000 (9.8%) $567,240 (0.4%) 0.00 640
2020-01-01 $443,500 (10.9%) $553,534 (-1.1%) 0.00 590
2020-02-01 $439,900 (5.5%) $545,668 (-3.5%) 0.00 583
2020-03-01 $450,000 (5.2%) $563,363 (-1.4%) 0.00 604
2020-04-01 $457,450 (5.8%) $557,316 (-3.1%) 0.00 612
2020-05-01 $469,900 (9.5%) $576,023 (0.6%) 0.00 586
2020-06-01 $499,250 (17.5%) $613,795 (7.4%) 0.00 475
2020-07-01 $492,450 (12.2%) $626,662 (10.0%) 0.00 403
2020-08-01 $519,000 (20.6%) $660,996 (19.6%) 0.00 370
2020-09-01 $525,000 (24.8%) $706,033 (32.0%) 0.00 319
2020-10-01 $525,000 (17.7%) $723,086 (30.2%) 0.00 317
2020-11-01 $511,000 (14.8%) $718,828 (27.9%) 0.00 320
2020-12-01 $482,900 (10.0%) $681,033 (20.1%) 0.00 294
2021-01-01 $470,000 (6.0%) $698,921 (26.3%) 0.00 259
2021-02-01 $459,450 (4.4%) $738,176 (35.3%) 0.00 201
2021-03-01 $499,000 (10.9%) $750,186 (33.2%) 0.00 186
2021-04-01 $529,950 (15.9%) $764,573 (37.2%) 0.00 199
2021-05-01 $549,000 (16.8%) $828,098 (43.8%) 0.00 178
2021-06-01 $595,950 (19.4%) $854,631 (39.2%) 0.00 201
2021-07-01 $599,500 (21.7%) $823,813 (31.5%) 0.00 217
2021-08-01 $573,750 (10.6%) $803,368 (21.5%) 0.00 237
2021-09-01 $574,950 (9.5%) $788,881 (11.7%) 0.00 235
2021-10-01 $595,000 (13.3%) $813,009 (12.4%) 0.00 212
2021-11-01 $599,250 (17.3%) $900,523 (25.3%) 0.00 191
2021-12-01 $640,000 (32.5%) $1,003,211 (47.3%) 0.00 169
2022-01-01 $730,000 (55.3%) $1,140,543 (63.2%) 0.00 136
2022-02-01 $602,000 (31.0%) $915,605 (24.0%) 0.00 124
2022-03-01 $645,000 (29.3%) $959,478 (27.9%) 0.00 118
2022-04-01 $625,000 (17.9%) $906,143 (18.5%) 0.00 123
2022-05-01 $664,000 (21.0%) $931,549 (12.5%) 0.00 154
2022-06-01 $629,950 (5.7%) $868,046 (1.6%) 0.00 206
Kill Devil Hills's median listing price for 2022-06-01 was $629,950, a difference of $34,000 (5.7%) versus the prior year and $-34,050 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 2022-06-01 was $868,046, a difference of $13,415 (1.6%) versus the prior year and $-63,503 versus the prior month.

For the 2022-06-01 period, Kill Devil Hills had 206 MLS listings, a difference of 52 listings (34%) versus the prior month and 5 listings (2%) 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 2,141 sqft
2018-02-01 0 days 2,149 sqft
2018-03-01 0 days 2,168 sqft
2018-04-01 0 days 2,200 sqft
2018-05-01 0 days 2,203 sqft
2018-06-01 0 days 2,179 sqft
2018-07-01 0 days 2,125 sqft
2018-08-01 0 days 2,140 sqft
2018-09-01 0 days 2,100 sqft
2018-10-01 0 days 2,068 sqft
2018-11-01 0 days 1,992 sqft
2018-12-01 0 days 1,992 sqft
2019-01-01 0 days 1,984 sqft
2019-02-01 0 days 1,977 sqft
2019-03-01 0 days 2,016 sqft
2019-04-01 0 days 2,043 sqft
2019-05-01 0 days 2,020 sqft
2019-06-01 0 days 1,992 sqft
2019-07-01 0 days 2,001 sqft
2019-08-01 0 days 2,005 sqft
2019-09-01 0 days 2,014 sqft
2019-10-01 0 days 2,140 sqft
2019-11-01 0 days 2,156 sqft
2019-12-01 0 days 2,160 sqft
2020-01-01 0 days 2,168 sqft
2020-02-01 0 days 2,182 sqft
2020-03-01 0 days 2,240 sqft
2020-04-01 0 days 2,245 sqft
2020-05-01 0 days 2,252 sqft
2020-06-01 0 days 2,314 sqft
2020-07-01 0 days 2,300 sqft
2020-08-01 0 days 2,333 sqft
2020-09-01 0 days 2,368 sqft
2020-10-01 0 days 2,300 sqft
2020-11-01 0 days 2,291 sqft
2020-12-01 0 days 2,197 sqft
2021-01-01 0 days 2,309 sqft
2021-02-01 0 days 2,427 sqft
2021-03-01 0 days 2,358 sqft
2021-04-01 0 days 2,316 sqft
2021-05-01 0 days 2,204 sqft
2021-06-01 0 days 2,172 sqft
2021-07-01 0 days 2,082 sqft
2021-08-01 0 days 2,029 sqft
2021-09-01 0 days 1,987 sqft
2021-10-01 0 days 2,028 sqft
2021-11-01 0 days 2,074 sqft
2021-12-01 0 days 2,113 sqft
2022-01-01 0 days 2,464 sqft
2022-02-01 0 days 2,026 sqft
2022-03-01 0 days 2,230 sqft
2022-04-01 0 days 2,000 sqft
2022-05-01 0 days 1,993 sqft
2022-06-01 0 days 1,912 sqft
Kill Devil Hills's median listing age (time on market) for 2022-06-01 was 0 days.

Kill Devil Hills's median square footage for active listings during the 2022-06-01 period was 1,912 sqft. One year prior, the average listing was 2,172 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.