Laurinburg VA Loan Rates, Closing Costs & Stats

Laurinburg, 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.

    Laurinburg's 30 lenders originated 63 VA loans during 2024. The total origination value was $15,175,000, with an average VA loan value of $240,873.

    Laurinburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Laurinburg averaged 0.33% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Laurinburg's average VA mortgage closing costs are $5,115.

    The average rate for the prior week (2025-06-27) was 6.66% and one month ago for the week of 2025-05-30, the average rate was 6.89%.

    The average rate one year ago was 6.7%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.2%.

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

    Laurinburg 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 Laurinburg level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 15 6.47% $4,701
    UNITED WHOLESALE MORTGAGE, LLC 6 5.81% $6,747
    PENNYMAC LOAN SERVICES, LLC 4 5.62% $4,961
    NFM, INC. 3 6.00% $11,177
    VILLAGE CAPITAL MORTGAGE 2 6.00% $5,236
    FREEDOM MORTGAGE CORPORATION 2 6.19% $1,632
    GoPrime Mortgage, Inc. 2 6.19% $6,622
    LOANDEPOT.COM, LLC 2 5.81% $5,639
    QUICKEN LOANS, LLC 2 7.06% $10,503
    SOUTHERN TRUST MORTGAGE, LLC 2 6.88% $15,387
    ALLIANT CREDIT UNION 1 5.13% $1,621
    INTERCOASTAL MORTGAGE COMPANY 1 7.13% $1,892
    JPMorgan Chase Bank 1 5.25% $0
    UNION HOME MORTGAGE CORP. 1 6.25% $3,843
    LOANFLIGHT LENDING, LLC 1 5.13% $1,261
    CROSSCOUNTRY MORTGAGE, LLC 1 7.19% $2,805
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $4,107
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $14,789
    NEW DAY FINANCIAL, LLC 1 7.75% $7,208
    NEWREZ LLC 1 4.95% $5,644
    Commerce Home Mortgage, Inc. 1 5.63% $3,611
    PANORAMA MORTGAGE GROUP, LLC 1 7.13% $3,154
    BROKER SOLUTIONS, INC. 1 6.75% $3,568
    PENTAGON FEDERAL CREDIT UNION 1 5.25% $7,305
    Bank of England 1 5.88% $3,399
    Encompass Lending Group, LP 1 5.99% $5,037
    First Bank 1 5.99% $3,792
    First Federal Bank 1 5.25% $1,774
    RAPID MORTGAGE COMPANY 1 6.63% $8,114
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.63% $3,126

    The top Laurinburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 15 VA loans originated. Their average total fees are $4,701, which is $2,047 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Laurinburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,701), .

    The lowest rate Laurinburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.47%), .

    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.