Kinston VA Loan Rates, Closing Costs & Stats

Kinston, 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.

Kinston's 44 lenders originated 155 VA loans during 2024. The total origination value was $37,815,000, with an average VA loan value of $243,968.

Kinston VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kinston averaged 6.69% for the week of 2025-05-09, compared to the national average (all VA variants) of 6.369% for the same period.

Kinston's average VA mortgage closing costs are $5,002.

The average rate for the prior week (2025-05-02) was 6.41% and one month ago for the week of 2025-04-04, the average rate was 6.35%.

The average rate one year ago was 7.04%.

For refis of the same type during the week of 2025-05-09, the average rate was 6.47%.

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

Kinston 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 Kinston level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 27 6.45% $3,761
DHI MORTGAGE COMPANY, LTD. 18 4.92% $5,848
MOVEMENT MORTGAGE, LLC 10 6.54% $6,291
UNITED WHOLESALE MORTGAGE, LLC 9 5.78% $7,997
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 7 6.64% $7,967
MICHIGAN MUTUAL, INC. 7 6.45% $4,557
PENNYMAC LOAN SERVICES, LLC 5 5.68% $5,698
GUARANTEED RATE, INC. 4 6.33% $4,435
FBC MORTGAGE, LLC 4 5.84% $9,021
VILLAGE CAPITAL MORTGAGE 4 5.50% $3,829
QUICKEN LOANS, LLC 3 6.04% $6,152
GUILD MORTGAGE COMPANY 3 6.75% $7,503
CROSSCOUNTRY MORTGAGE, LLC 3 6.50% $3,243
NAVY FEDERAL CREDIT UNION 3 5.83% $5,747
FREEDOM MORTGAGE CORPORATION 3 6.42% $6,294
CORNERSTONE HOME LENDING, INC. 2 5.87% $7,097
INTERCOASTAL MORTGAGE COMPANY 2 7.19% $6,461
LAKEVIEW LOAN SERVICING, LLC 2 5.50% $5,668
American Security Mortgage Corp. 2 5.69% $12,892
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.50% $2,111
NEWREZ LLC 2 5.87% $8,123
USAA Federal Savings Bank 1 5.75% $6,349
AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.75% $990
Wells Fargo Bank 1 6.50% $2,633
Alcova Mortgage LLC 1 7.25% $8,868
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $3,194
Armed Forces Bank 1 6.13% $11,122
EMM LOANS LLC 1 5.99% $50
Equity Prime Mortgage LLC 1 8.25% $0
Flagstar Bank, FSB 1 6.52% $0
Integrity Home Mortgage Corp 1 5.75% $3,046
INTERCAP LENDING INC. 1 4.88% $11,067
LOANPAL, LLC 1 6.25% $7,518
Mid-Continent Funding, Inc. 1 6.75% $6,938
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $9,914
NEW DAY FINANCIAL, LLC 1 7.99% $6,268
North American Savings Bank, F.S.B. 1 5.75% $525
PLANET HOME LENDING, LLC 1 6.25% $2,341
RAPID MORTGAGE COMPANY 1 6.99% $11,572
Southern Bank and Trust Company 1 5.88% $6,781
SUCCESS MORTGAGE PARTNERS, INC. 1 5.63% $4,852
SUN WEST MORTGAGE COMPANY, INC. 1 5.25% $5,394
TIDEWATER MORTGAGE SERVICES, INC. 1 6.25% $18,527
Truist 1 5.75% $18,298

The top Kinston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 27 VA loans originated. Their average total fees are $3,761, which is $2,087 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Kinston VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,761), DHI MORTGAGE COMPANY, LTD. ($5,848), MOVEMENT MORTGAGE, LLC ($6,291), .

The lowest rate Kinston VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.92%), Mortgage Research Center, LLC (6.45%), MOVEMENT MORTGAGE, LLC (6.54%), .

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.