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 43 lenders originated 135 VA loans during 2023. The total origination value was $30,375,000, with an average VA loan value of $225,000.

    Kinston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kinston averaged 6.86% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Kinston's average VA mortgage closing costs are $4,788.

    The average rate for the prior week (2024-04-12) was 6.79% and one month ago for the week of 2024-03-15, the average rate was 6.35%.

    The average rate one year ago was 5.94%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 27 6.81% $5,312
    INSPIRE HOME LOANS INC. 10 5.71% $8,144
    NAVY FEDERAL CREDIT UNION 8 5.86% $5,649
    DHI MORTGAGE COMPANY, LTD. 8 5.25% $6,481
    UNITED WHOLESALE MORTGAGE, LLC 5 6.38% $6,634
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 5 6.55% $6,881
    MOVEMENT MORTGAGE, LLC 5 7.08% $6,147
    American Security Mortgage Corp. 5 5.73% $9,079
    QUICKEN LOANS, LLC 4 6.12% $7,017
    ACADEMY MORTGAGE CORPORATION 3 5.25% $7,623
    FBC MORTGAGE, LLC 3 5.32% $1,457
    GUILD MORTGAGE COMPANY 3 6.29% $4,183
    USAA Federal Savings Bank 3 6.71% $7,811
    Wells Fargo Bank 3 5.63% $7,467
    VILLAGE CAPITAL MORTGAGE 2 5.82% $12,128
    PENNYMAC LOAN SERVICES, LLC 2 6.31% $8,945
    INTERCOASTAL MORTGAGE COMPANY 2 6.75% $5,163
    CORNERSTONE HOME LENDING, INC. 2 5.75% $8,626
    GUARANTEED RATE, INC. 2 6.25% $5,820
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.31% $3,254
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.94% $7,842
    MICHIGAN MUTUAL, INC. 1 7.63% $2,830
    Mid-Continent Funding, Inc. 1 5.75% $6,904
    Bell Bank 1 6.50% $5,278
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $6,842
    Barrington Bank & Trust Company, N.A. 1 6.25% $2,739
    Nations Lending Corporation 1 5.75% $10,686
    Armed Forces Bank 1 5.25% $15,099
    NEW DAY FINANCIAL, LLC 1 6.88% $9,051
    Prosperity Home Mortgage, LLC 1 6.13% $11,055
    Ameris Bank 1 6.00% $2,641
    SUN WEST MORTGAGE COMPANY, INC. 1 6.75% $3,923
    Truist 1 6.25% $3,452
    Alcova Mortgage LLC 1 6.88% $11,506
    DAS Acquisition Company, LLC 1 6.63% $6,939
    CONTOUR MORTGAGE CORPORATION 1 6.75% $6,842
    EQUITY RESOURCES, INC. 1 6.99% $5,567
    Flagstar Bank, FSB 1 7.13% $0
    FREEDOM MORTGAGE CORPORATION 1 6.50% $8,556
    GSF Mortgage Corporation 1 5.50% $3,782
    U.S. Bank 1 7.75% $4,804
    CMG MORTGAGE, INC. 1 6.75% $5,611
    Integrity Home Mortgage Corp 1 7.75% $4,589

    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 $5,312, which is $2,832 lower than the next largest lender, INSPIRE HOME LOANS INC..

    The lowest fee Kinston VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,312), INSPIRE HOME LOANS INC. ($8,144), .

    The lowest rate Kinston VA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.71%), Mortgage Research Center, LLC (6.81%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kinston (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 $114,950 (-3.4%) $130,920 (-6.5%) 0.00 200
    2018-02-01 $114,900 (-5.0%) $130,791 (-10.0%) 0.00 199
    2018-03-01 $119,000 (-7.2%) $131,613 (-10.2%) 0.00 196
    2018-04-01 $119,000 (-7.8%) $134,463 (-6.2%) 0.00 183
    2018-05-01 $113,425 (-8.8%) $131,031 (-5.4%) 0.00 171
    2018-06-01 $115,000 (-7.2%) $133,755 (-3.7%) 0.00 156
    2018-07-01 $122,425 (-2.0%) $140,123 (3.4%) 0.00 159
    2018-08-01 $115,000 (-7.9%) $136,785 (2.0%) 0.00 152
    2018-09-01 $119,900 (0.0%) $142,141 (6.9%) 0.00 153
    2018-10-01 $122,275 (2.0%) $140,097 (5.2%) 0.00 134
    2018-11-01 $119,100 (4.2%) $141,818 (10.1%) 0.00 126
    2018-12-01 $119,000 (3.6%) $142,712 (9.9%) 0.00 128
    2019-01-01 $119,000 (3.5%) $149,291 (14.0%) 0.00 114
    2019-02-01 $119,000 (3.6%) $155,465 (18.9%) 0.00 100
    2019-03-01 $119,429 (0.4%) $161,845 (23.0%) 0.00 94
    2019-04-01 $124,250 (4.4%) $163,733 (21.8%) 0.00 93
    2019-05-01 $129,800 (14.4%) $167,893 (28.1%) 0.00 103
    2019-06-01 $129,000 (12.2%) $160,606 (20.1%) 0.00 114
    2019-07-01 $124,500 (1.7%) $153,722 (9.7%) 0.00 108
    2019-08-01 $125,541 (9.2%) $158,906 (16.2%) 0.00 106
    2019-09-01 $119,302 (-0.5%) $156,655 (10.2%) 0.00 104
    2019-10-01 $116,393 (-4.8%) $154,686 (10.4%) 0.00 103
    2019-11-01 $110,000 (-7.6%) $140,904 (-0.6%) 0.00 116
    2019-12-01 $103,475 (-13.1%) $133,538 (-6.4%) 0.00 118
    2020-01-01 $114,650 (-3.7%) $137,586 (-7.8%) 0.00 103
    2020-02-01 $114,900 (-3.5%) $136,362 (-12.3%) 0.00 108
    2020-03-01 $113,725 (-4.8%) $139,194 (-14.0%) 0.00 104
    2020-04-01 $114,950 (-7.5%) $150,513 (-8.1%) 0.00 94
    2020-05-01 $118,950 (-8.4%) $146,635 (-12.7%) 0.00 89
    2020-06-01 $124,425 (-3.6%) $156,760 (-2.4%) 0.00 68
    2020-07-01 $123,200 (-1.0%) $163,560 (6.4%) 0.00 63
    2020-08-01 $129,450 (3.1%) $170,647 (7.4%) 0.00 55
    2020-09-01 $129,999 (9.0%) $168,922 (7.8%) 0.00 47
    2020-10-01 $137,500 (18.1%) $179,919 (16.3%) 0.00 45
    2020-11-01 $148,450 (35.0%) $179,929 (27.7%) 0.00 55
    2020-12-01 $138,350 (33.7%) $160,292 (20.0%) 0.00 52
    2021-01-01 $148,000 (29.1%) $175,434 (27.5%) 0.00 47
    2021-02-01 $136,125 (18.5%) $169,737 (24.5%) 0.00 43
    2021-03-01 $125,000 (9.9%) $166,895 (19.9%) 0.00 34
    2021-04-01 $135,225 (17.6%) $173,146 (15.0%) 0.00 34
    2021-05-01 $125,000 (5.1%) $173,309 (18.2%) 0.00 32
    2021-06-01 $159,925 (28.5%) $183,245 (16.9%) 0.00 35
    2021-07-01 $154,900 (25.7%) $181,706 (11.1%) 0.00 33
    2021-08-01 $149,975 (15.9%) $198,248 (16.2%) 0.00 34
    2021-09-01 $153,500 (18.1%) $204,737 (21.2%) 0.00 40
    2021-10-01 $150,000 (9.1%) $211,114 (17.3%) 0.00 38
    2021-11-01 $172,750 (16.4%) $211,293 (17.4%) 0.00 38
    2021-12-01 $153,725 (11.1%) $196,007 (22.3%) 0.00 37
    2022-01-01 $157,450 (6.4%) $197,435 (12.5%) 0.00 35
    2022-02-01 $151,200 (11.1%) $191,519 (12.8%) 0.00 32
    2022-03-01 $181,950 (45.6%) $210,027 (25.8%) 0.00 31
    2022-04-01 $177,000 (30.9%) $204,324 (18.0%) 0.00 36
    2022-05-01 $185,425 (48.3%) $200,077 (15.5%) 0.00 50
    2022-06-01 $192,725 (20.5%) $206,011 (12.4%) 0.00 66
    2022-07-01 $207,500 (34.0%) $220,632 (21.4%) 0.00 88
    2022-08-01 $207,725 (38.5%) $226,305 (14.2%) 0.00 87
    2022-09-01 $212,475 (38.4%) $226,563 (10.7%) 0.00 88
    2022-10-01 $227,370 (51.6%) $235,558 (11.6%) 0.00 101
    2022-11-01 $221,720 (28.4%) $256,154 (21.2%) 0.00 114
    2022-12-01 $237,495 (54.5%) $281,225 (43.5%) 0.00 122
    2023-01-01 $243,089 (54.4%) $290,973 (47.4%) 0.00 117
    2023-02-01 $242,169 (60.2%) $292,301 (52.6%) 0.00 113
    2023-03-01 $239,900 (31.9%) $295,365 (40.6%) 0.00 99
    2023-04-01 $229,000 (29.4%) $234,562 (14.8%) 0.00 74
    2023-05-01 $242,470 (30.8%) $278,613 (39.3%) 0.00 85
    2023-06-01 $257,748 (33.7%) $313,719 (52.3%) 0.00 97
    2023-07-01 $250,740 (20.8%) $316,925 (43.6%) 0.00 95
    2023-08-01 $247,740 (19.3%) $308,701 (36.4%) 0.00 95
    2023-09-01 $279,900 (31.7%) $320,632 (41.5%) 0.00 105
    2023-10-01 $263,700 (16.0%) $294,748 (25.1%) 0.00 93
    2023-11-01 $239,813 (8.2%) $280,370 (9.5%) 0.00 116
    2023-12-01 $236,500 (-0.4%) $272,323 (-3.2%) 0.00 115
    2024-01-01 $219,500 (-9.7%) $233,334 (-19.8%) 0.00 91
    2024-02-01 $231,175 (-4.5%) $249,436 (-14.7%) 0.00 86
    2024-03-01 $230,000 (-4.1%) $252,378 (-14.6%) 0.00 87
    Kinston's median listing price for 2024-03-01 was $230,000, a difference of $-9,900 (-4.1%) versus the prior year and $-1,175 versus the prior month.

    Kinston's median listing price comes in at 0% of the national average.

    Kinston's average listing price for 2024-03-01 was $252,378, a difference of $-42,987 (-14.6%) versus the prior year and $2,942 versus the prior month.

    For the 2024-03-01 period, Kinston had 87 MLS listings, a difference of 1 listings (1%) versus the prior month and -12 listings (-12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kinston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,863 sqft
    2018-02-01 0 days 1,866 sqft
    2018-03-01 0 days 1,825 sqft
    2018-04-01 0 days 1,836 sqft
    2018-05-01 0 days 1,813 sqft
    2018-06-01 0 days 1,840 sqft
    2018-07-01 0 days 1,819 sqft
    2018-08-01 0 days 1,760 sqft
    2018-09-01 0 days 1,862 sqft
    2018-10-01 0 days 1,930 sqft
    2018-11-01 0 days 1,845 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,827 sqft
    2019-02-01 0 days 1,791 sqft
    2019-03-01 0 days 1,799 sqft
    2019-04-01 0 days 1,812 sqft
    2019-05-01 0 days 1,937 sqft
    2019-06-01 0 days 1,947 sqft
    2019-07-01 0 days 1,943 sqft
    2019-08-01 0 days 1,912 sqft
    2019-09-01 0 days 1,851 sqft
    2019-10-01 0 days 1,827 sqft
    2019-11-01 0 days 1,808 sqft
    2019-12-01 0 days 1,780 sqft
    2020-01-01 0 days 1,772 sqft
    2020-02-01 0 days 1,746 sqft
    2020-03-01 0 days 1,756 sqft
    2020-04-01 0 days 1,781 sqft
    2020-05-01 0 days 1,805 sqft
    2020-06-01 0 days 1,863 sqft
    2020-07-01 0 days 1,823 sqft
    2020-08-01 0 days 1,901 sqft
    2020-09-01 0 days 1,912 sqft
    2020-10-01 0 days 1,948 sqft
    2020-11-01 0 days 2,014 sqft
    2020-12-01 0 days 1,900 sqft
    2021-01-01 0 days 1,818 sqft
    2021-02-01 0 days 1,812 sqft
    2021-03-01 0 days 1,604 sqft
    2021-04-01 0 days 1,614 sqft
    2021-05-01 0 days 1,739 sqft
    2021-06-01 0 days 2,008 sqft
    2021-07-01 0 days 1,874 sqft
    2021-08-01 0 days 1,949 sqft
    2021-09-01 0 days 1,942 sqft
    2021-10-01 0 days 1,805 sqft
    2021-11-01 0 days 1,857 sqft
    2021-12-01 0 days 1,808 sqft
    2022-01-01 0 days 1,712 sqft
    2022-02-01 0 days 1,718 sqft
    2022-03-01 0 days 1,746 sqft
    2022-04-01 0 days 1,654 sqft
    2022-05-01 0 days 1,705 sqft
    2022-06-01 0 days 1,807 sqft
    2022-07-01 0 days 1,890 sqft
    2022-08-01 0 days 1,890 sqft
    2022-09-01 0 days 1,852 sqft
    2022-10-01 0 days 1,895 sqft
    2022-11-01 0 days 1,825 sqft
    2022-12-01 0 days 1,628 sqft
    2023-01-01 0 days 1,620 sqft
    2023-02-01 0 days 1,662 sqft
    2023-03-01 0 days 1,598 sqft
    2023-04-01 0 days 1,843 sqft
    2023-05-01 0 days 1,765 sqft
    2023-06-01 0 days 1,662 sqft
    2023-07-01 0 days 1,672 sqft
    2023-08-01 0 days 1,712 sqft
    2023-09-01 0 days 1,644 sqft
    2023-10-01 0 days 1,773 sqft
    2023-11-01 0 days 1,676 sqft
    2023-12-01 0 days 1,698 sqft
    2024-01-01 0 days 1,769 sqft
    2024-02-01 0 days 1,799 sqft
    2024-03-01 0 days 1,777 sqft
    Kinston's median listing age (time on market) for 2024-03-01 was 0 days.

    Kinston's median square footage for active listings during the 2024-03-01 period was 1,777 sqft. One year prior, the average listing was 1,598 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.