Kinston VA Loan Rates, Closing Costs & Stats

Kinston, 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.

    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.