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 28 lenders originated 58 VA loans during 2023. The total origination value was $15,080,000, with an average VA loan value of $260,000.

    Laurinburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Laurinburg averaged 0.06% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Laurinburg's average VA mortgage closing costs are $5,025.

    The average rate for the prior week (2024-11-08) was 6.37% and one month ago for the week of 2024-10-11, the average rate was 6.14%.

    The average rate one year ago was 7.33%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.1%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 15 7.02% $2,786
    QUICKEN LOANS, LLC 5 6.04% $6,961
    UNITED WHOLESALE MORTGAGE, LLC 4 7.43% $6,233
    CROSSCOUNTRY MORTGAGE, LLC 3 6.50% $9,360
    NAVY FEDERAL CREDIT UNION 3 5.63% $902
    FREEDOM MORTGAGE CORPORATION 2 7.00% $11,289
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.00% $5,077
    BROKER SOLUTIONS, INC. 1 7.13% $4,455
    CMG MORTGAGE, INC. 1 6.25% $27,022
    First Federal Bank 1 6.00% $6,534
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.75% $20,176
    INTERCOASTAL MORTGAGE COMPANY 1 5.75% $1,676
    Mid-Continent Funding, Inc. 1 6.75% $4,204
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $1,221
    NBKC BANK 1 5.63% $2,593
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $10,475
    Regions Bank 1 6.25% $5,178
    SOUTHERN TRUST MORTGAGE, LLC 1 6.63% $18,489
    USAA Federal Savings Bank 1 6.00% $2,654
    VILLAGE CAPITAL MORTGAGE 1 7.38% $21,774
    Wells Fargo Bank 1 6.25% $0
    Wolfe Financial, Inc 1 6.75% $9,583
    Armed Forces Bank 1 6.63% $9,714
    ASSEMBLIES OF GOD Credit Union 1 5.25% $10,475
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.25% $8,580
    Bank of England 1 7.25% $4,092
    Barrington Bank & Trust Company, N.A. 1 6.25% $8,298
    Blue Ridge Bank 1 5.75% $6,558

    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 $2,786, which is $4,175 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Laurinburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($2,786), .

    The lowest rate Laurinburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.02%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Laurinburg (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 $129,925 (16.0%) $160,767 (16.1%) 0.00 133
    2018-02-01 $128,575 (14.9%) $158,434 (15.2%) 0.00 129
    2018-03-01 $129,900 (14.2%) $156,404 (13.1%) 0.00 132
    2018-04-01 $129,900 (9.2%) $155,699 (8.0%) 0.00 138
    2018-05-01 $129,900 (6.0%) $159,912 (4.8%) 0.00 146
    2018-06-01 $128,450 (8.0%) $152,874 (1.6%) 0.00 154
    2018-07-01 $124,975 (-3.8%) $149,536 (-4.0%) 0.00 152
    2018-08-01 $121,175 (-7.7%) $145,176 (-8.9%) 0.00 154
    2018-09-01 $121,000 (-9.3%) $145,325 (-9.0%) 0.00 142
    2018-10-01 $114,975 (-16.5%) $140,482 (-15.2%) 0.00 127
    2018-11-01 $113,385 (-12.7%) $145,790 (-8.0%) 0.00 115
    2018-12-01 $113,250 (-9.4%) $148,847 (-3.4%) 0.00 107
    2019-01-01 $114,700 (-11.7%) $147,281 (-8.4%) 0.00 97
    2019-02-01 $117,350 (-8.7%) $148,135 (-6.5%) 0.00 101
    2019-03-01 $121,929 (-6.1%) $151,806 (-2.9%) 0.00 96
    2019-04-01 $124,529 (-4.1%) $154,048 (-1.1%) 0.00 97
    2019-05-01 $121,300 (-6.6%) $148,475 (-7.2%) 0.00 96
    2019-06-01 $125,000 (-2.7%) $159,083 (4.1%) 0.00 87
    2019-07-01 $134,875 (7.9%) $172,762 (15.5%) 0.00 80
    2019-08-01 $134,523 (11.0%) $168,370 (16.0%) 0.00 85
    2019-09-01 $133,807 (10.6%) $169,151 (16.4%) 0.00 92
    2019-10-01 $133,330 (16.0%) $169,671 (20.8%) 0.00 98
    2019-11-01 $130,000 (14.7%) $161,254 (10.6%) 0.00 90
    2019-12-01 $128,375 (13.4%) $148,139 (-0.5%) 0.00 82
    2020-01-01 $132,000 (15.1%) $148,755 (1.0%) 0.00 74
    2020-02-01 $129,900 (10.7%) $144,333 (-2.6%) 0.00 72
    2020-03-01 $111,000 (-9.0%) $139,093 (-8.4%) 0.00 68
    2020-04-01 $108,000 (-13.3%) $138,838 (-9.9%) 0.00 70
    2020-05-01 $111,500 (-8.1%) $137,785 (-7.2%) 0.00 59
    2020-06-01 $119,425 (-4.5%) $150,281 (-5.5%) 0.00 55
    2020-07-01 $139,925 (3.7%) $163,824 (-5.2%) 0.00 38
    2020-08-01 $149,900 (11.4%) $177,011 (5.1%) 0.00 39
    2020-09-01 $159,925 (19.5%) $191,717 (13.3%) 0.00 37
    2020-10-01 $192,400 (44.3%) $197,924 (16.7%) 0.00 37
    2020-11-01 $185,825 (42.9%) $194,140 (20.4%) 0.00 34
    2020-12-01 $173,650 (35.3%) $188,600 (27.3%) 0.00 40
    2021-01-01 $178,500 (35.2%) $194,124 (30.5%) 0.00 28
    2021-02-01 $132,425 (1.9%) $167,955 (16.4%) 0.00 18
    2021-03-01 $163,200 (47.0%) $188,149 (35.3%) 0.00 18
    2021-04-01 $184,450 (70.8%) $213,383 (53.7%) 0.00 21
    2021-05-01 $199,900 (79.3%) $232,284 (68.6%) 0.00 19
    2021-06-01 $184,250 (54.3%) $243,944 (62.3%) 0.00 20
    2021-07-01 $190,000 (35.8%) $216,342 (32.1%) 0.00 26
    2021-08-01 $189,600 (26.5%) $217,613 (22.9%) 0.00 40
    2021-09-01 $149,950 (-6.2%) $197,249 (2.9%) 0.00 38
    2021-10-01 $180,000 (-6.4%) $207,793 (5.0%) 0.00 36
    2021-11-01 $237,450 (27.8%) $235,379 (21.2%) 0.00 36
    2021-12-01 $219,975 (26.7%) $236,609 (25.5%) 0.00 29
    2022-01-01 $185,950 (4.2%) $235,445 (21.3%) 0.00 30
    2022-02-01 $160,100 (20.9%) $223,093 (32.8%) 0.00 25
    2022-03-01 $167,225 (2.5%) $239,130 (27.1%) 0.00 21
    2022-04-01 $145,700 (-21.0%) $229,580 (7.6%) 0.00 25
    2022-05-01 $203,000 (1.6%) $250,777 (8.0%) 0.00 34
    2022-06-01 $172,350 (-6.5%) $249,441 (2.3%) 0.00 35
    2022-07-01 $199,750 (5.1%) $234,825 (8.5%) 0.00 47
    2022-08-01 $198,950 (4.9%) $230,517 (5.9%) 0.00 42
    2022-09-01 $202,425 (35.0%) $228,272 (15.7%) 0.00 46
    2022-10-01 $194,950 (8.3%) $227,438 (9.5%) 0.00 44
    2022-11-01 $208,625 (-12.1%) $225,115 (-4.4%) 0.00 45
    2022-12-01 $229,900 (4.5%) $262,165 (10.8%) 0.00 43
    2023-01-01 $229,900 (23.6%) $254,752 (8.2%) 0.00 40
    2023-02-01 $221,125 (38.1%) $252,818 (13.3%) 0.00 38
    2023-03-01 $204,475 (22.3%) $249,700 (4.4%) 0.00 37
    2023-04-01 $209,450 (43.8%) $266,576 (16.1%) 0.00 30
    2023-05-01 $203,750 (0.4%) $250,279 (-0.2%) 0.00 30
    2023-06-01 $208,750 (21.1%) $244,620 (-1.9%) 0.00 32
    2023-07-01 $195,000 (-2.4%) $227,329 (-3.2%) 0.00 27
    2023-08-01 $202,475 (1.8%) $239,865 (4.1%) 0.00 31
    2023-09-01 $172,900 (-14.6%) $221,670 (-2.9%) 0.00 36
    2023-10-01 $189,950 (-2.6%) $249,984 (9.9%) 0.00 34
    2023-11-01 $188,725 (-9.5%) $255,812 (13.6%) 0.00 39
    2023-12-01 $179,000 (-22.1%) $267,229 (1.9%) 0.00 37
    2024-01-01 $177,925 (-22.6%) $258,806 (1.6%) 0.00 36
    2024-02-01 $201,425 (-8.9%) $273,551 (8.2%) 0.00 37
    2024-03-01 $214,950 (5.1%) $284,790 (14.1%) 0.00 35
    2024-04-01 $218,650 (4.4%) $281,074 (5.4%) 0.00 35
    2024-05-01 $200,448 (-1.6%) $269,478 (7.7%) 0.00 47
    2024-06-01 $201,495 (-3.5%) $274,344 (12.2%) 0.00 55
    2024-07-01 $209,995 (7.7%) $275,958 (21.4%) 0.00 55
    2024-08-01 $215,000 (6.2%) $268,356 (11.9%) 0.00 60
    2024-09-01 $211,250 (22.2%) $260,683 (17.6%) 0.00 62
    2024-10-01 $229,250 (20.7%) $250,988 (0.4%) 0.00 66
    Laurinburg's median listing price for 2024-10-01 was $229,250, a difference of $39,300 (20.7%) versus the prior year and $18,000 versus the prior month.

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

    Laurinburg's average listing price for 2024-10-01 was $250,988, a difference of $1,004 (0.4%) versus the prior year and $-9,695 versus the prior month.

    For the 2024-10-01 period, Laurinburg had 66 MLS listings, a difference of 4 listings (6%) versus the prior month and 32 listings (94%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Laurinburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,100 sqft
    2018-02-01 0 days 2,031 sqft
    2018-03-01 0 days 2,011 sqft
    2018-04-01 0 days 2,013 sqft
    2018-05-01 0 days 2,092 sqft
    2018-06-01 0 days 1,956 sqft
    2018-07-01 0 days 1,888 sqft
    2018-08-01 0 days 1,961 sqft
    2018-09-01 0 days 1,974 sqft
    2018-10-01 0 days 1,883 sqft
    2018-11-01 0 days 1,870 sqft
    2018-12-01 0 days 1,930 sqft
    2019-01-01 0 days 1,870 sqft
    2019-02-01 0 days 1,876 sqft
    2019-03-01 0 days 1,922 sqft
    2019-04-01 0 days 1,946 sqft
    2019-05-01 0 days 1,946 sqft
    2019-06-01 0 days 1,936 sqft
    2019-07-01 0 days 1,963 sqft
    2019-08-01 0 days 1,937 sqft
    2019-09-01 0 days 1,917 sqft
    2019-10-01 0 days 1,904 sqft
    2019-11-01 0 days 1,912 sqft
    2019-12-01 0 days 1,859 sqft
    2020-01-01 0 days 1,854 sqft
    2020-02-01 0 days 1,842 sqft
    2020-03-01 0 days 1,813 sqft
    2020-04-01 0 days 1,738 sqft
    2020-05-01 0 days 1,670 sqft
    2020-06-01 0 days 1,691 sqft
    2020-07-01 0 days 1,870 sqft
    2020-08-01 0 days 1,851 sqft
    2020-09-01 0 days 2,037 sqft
    2020-10-01 0 days 2,076 sqft
    2020-11-01 0 days 2,100 sqft
    2020-12-01 0 days 2,114 sqft
    2021-01-01 0 days 2,237 sqft
    2021-02-01 0 days 2,224 sqft
    2021-03-01 0 days 2,116 sqft
    2021-04-01 0 days 2,435 sqft
    2021-05-01 0 days 2,336 sqft
    2021-06-01 0 days 2,174 sqft
    2021-07-01 0 days 2,141 sqft
    2021-08-01 0 days 2,039 sqft
    2021-09-01 0 days 1,925 sqft
    2021-10-01 0 days 2,100 sqft
    2021-11-01 0 days 2,100 sqft
    2021-12-01 0 days 1,925 sqft
    2022-01-01 0 days 2,027 sqft
    2022-02-01 0 days 2,003 sqft
    2022-03-01 0 days 1,951 sqft
    2022-04-01 0 days 2,078 sqft
    2022-05-01 0 days 2,113 sqft
    2022-06-01 0 days 1,960 sqft
    2022-07-01 0 days 1,950 sqft
    2022-08-01 0 days 1,943 sqft
    2022-09-01 0 days 1,950 sqft
    2022-10-01 0 days 1,950 sqft
    2022-11-01 0 days 1,950 sqft
    2022-12-01 0 days 2,088 sqft
    2023-01-01 0 days 2,060 sqft
    2023-02-01 0 days 2,055 sqft
    2023-03-01 0 days 2,029 sqft
    2023-04-01 0 days 2,039 sqft
    2023-05-01 0 days 2,044 sqft
    2023-06-01 0 days 2,054 sqft
    2023-07-01 0 days 1,988 sqft
    2023-08-01 0 days 1,886 sqft
    2023-09-01 0 days 1,813 sqft
    2023-10-01 0 days 1,983 sqft
    2023-11-01 0 days 1,820 sqft
    2023-12-01 0 days 1,828 sqft
    2024-01-01 0 days 1,845 sqft
    2024-02-01 0 days 1,963 sqft
    2024-03-01 0 days 1,993 sqft
    2024-04-01 0 days 1,861 sqft
    2024-05-01 0 days 1,762 sqft
    2024-06-01 0 days 1,601 sqft
    2024-07-01 0 days 1,653 sqft
    2024-08-01 0 days 1,608 sqft
    2024-09-01 0 days 1,653 sqft
    2024-10-01 0 days 1,805 sqft
    Laurinburg's median listing age (time on market) for 2024-10-01 was 0 days.

    Laurinburg's median square footage for active listings during the 2024-10-01 period was 1,805 sqft. One year prior, the average listing was 1,983 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.