Kill Devil Hills VA Loan Rates, Closing Costs & Stats

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 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 34 lenders originated 62 VA loans during 2022. The total origination value was $25,500,000, with an average VA loan value of $411,290.

Kill Devil Hills VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kill Devil Hills averaged 5.83% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Kill Devil Hills's average VA mortgage closing costs are $6,931.

The average rate for the prior week (2024-02-23) was 5.95% and one month ago for the week of 2024-01-26, the average rate was 5.88%.

The average rate one year ago was 5.62%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.08%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 6 4.27% $13,548
CALIBER HOME LOANS, INC. 6 4.64% $10,747
NAVY FEDERAL CREDIT UNION 5 3.10% $4,842
USAA Federal Savings Bank 4 3.97% $14,471
QUICKEN LOANS, LLC 3 3.00% $29,640
FREEDOM MORTGAGE CORPORATION 3 4.04% $8,284
UNITED WHOLESALE MORTGAGE, LLC 2 3.88% $4,530
North American Savings Bank, F.S.B. 2 4.25% $6,953
NEW DAY FINANCIAL, LLC 2 4.56% $21,099
LOANDEPOT.COM, LLC 2 5.00% $9,820
Mid-Continent Funding, Inc. 1 2.75% $2,980
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.13% $21,712
NBH Bank 1 3.99% $3,218
NBKC BANK 1 3.25% $1,933
NJ LENDERS CORP. 1 4.13% $14,493
PENNYMAC LOAN SERVICES, LLC 1 4.63% $9,256
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.75% $17,598
ROYAL UNITED MORTGAGE LLC 1 4.38% $26,285
SOUTHERN TRUST MORTGAGE, LLC 1 7.00% $3,954
TIDEWATER MORTGAGE SERVICES, INC. 1 5.13% $4,031
Towne Bank 1 5.75% $28,965
Truist 1 3.60% $2,185
U.S. Bank 1 3.25% $3,204
Alpha Mortgage Corporation 1 5.00% $2,744
Wells Fargo Bank 1 6.13% $16,696
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.25% $23,838
Atlantic Coast Mortgage, LLC 1 4.25% $14,026
BROKER SOLUTIONS, INC. 1 4.75% $11,869
CAPITAL CENTER, L.L.C. 1 2.88% $0
Century Mortgage Company DBA Century Lending Company 1 5.13% $37,026
C & F Mortgage Corporation 1 5.25% $10,043
GUARANTEED RATE, INC. 1 3.45% $8,228
Hometown Lenders, Inc. 1 3.25% $14,780
INTERCOASTAL MORTGAGE COMPANY 1 3.75% $2,932

The top Kill Devil Hills VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6 VA loans originated. Their average total fees are $13,548, which is $2,801 higher than the next largest lender, CALIBER HOME LOANS, INC..

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
Kill Devil Hills's median listing price for 2024-01-01 was $709,750, a difference of $37,741 (5.6%) versus the prior year and $-39,250 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 2024-01-01 was $950,830, a difference of $78,623 (9.0%) versus the prior year and $-4,778 versus the prior month.

For the 2024-01-01 period, Kill Devil Hills had 332 MLS listings, a difference of -21 listings (-6%) versus the prior month and 52 listings (19%) 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
Kill Devil Hills's median listing age (time on market) for 2024-01-01 was 0 days.

Kill Devil Hills's median square footage for active listings during the 2024-01-01 period was 1,954 sqft. One year prior, the average listing was 1,988 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.