Lumberton VA Loan Rates, Closing Costs & Stats

Lumberton, 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.

    Lumberton's 55 lenders originated 250 VA loans during 2023. The total origination value was $62,220,000, with an average VA loan value of $248,880.

    Lumberton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lumberton averaged 0.41% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Lumberton's average VA mortgage closing costs are $5,043.

    The average rate for the prior week (2024-11-08) was 6.42% and one month ago for the week of 2024-10-11, the average rate was 6.19%.

    The average rate one year ago was 7.18%.

    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.

    Lumberton 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 Lumberton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 57 6.84% $5,924
    UNITED WHOLESALE MORTGAGE, LLC 16 6.60% $9,579
    NAVY FEDERAL CREDIT UNION 13 6.08% $4,505
    CORNERSTONE HOME LENDING, INC. 11 5.92% $7,892
    QUICKEN LOANS, LLC 11 6.13% $7,929
    MOVEMENT MORTGAGE, LLC 9 6.50% $6,888
    HOMESPIRE MORTGAGE CORPORATION 8 6.97% $6,784
    CROSSCOUNTRY MORTGAGE, LLC 6 6.89% $6,936
    FREEDOM MORTGAGE CORPORATION 5 6.15% $9,086
    PENTAGON FEDERAL CREDIT UNION 5 6.00% $9,862
    SOUTHERN TRUST MORTGAGE, LLC 5 6.80% $9,450
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.73% $2,100
    Alcova Mortgage LLC 5 6.95% $7,376
    BROKER SOLUTIONS, INC. 4 7.25% $11,240
    UNION HOME MORTGAGE CORP. 4 6.53% $8,995
    INTERCOASTAL MORTGAGE COMPANY 4 6.09% $11,155
    PENNYMAC LOAN SERVICES, LLC 4 5.06% $5,889
    T2 FINANCIAL LLC 3 6.71% $11,656
    Barrington Bank & Trust Company, N.A. 3 6.75% $5,156
    Encompass Lending Group, LP 3 6.38% $8,283
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.83% $10,549
    LOANDEPOT.COM, LLC 3 5.49% $5,165
    NEW DAY FINANCIAL, LLC 3 7.57% $6,095
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.63% $14,122
    NFM, INC. 2 6.69% $8,249
    American Security Mortgage Corp. 2 6.94% $9,281
    1ST SIGNATURE LENDING, LLC 2 7.00% $7,011
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.69% $5,736
    AMERICAN FINANCIAL NETWORK, INC. 2 6.75% $11,848
    United Bank 2 5.63% $4,026
    CMG MORTGAGE, INC. 2 5.50% $14,797
    GUARANTEED RATE, INC. 2 7.00% $6,155
    AMERISAVE MORTGAGE CORPORATION 2 6.75% $5,958
    Nations Lending Corporation 1 7.63% $328
    Wells Fargo Bank 1 6.00% $3,348
    NEWREZ LLC 1 5.75% $8,231
    CALCON MUTUAL MORTGAGE LLC 1 6.25% $17,385
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $5,840
    PLAZA HOME MORTGAGE, INC. 1 7.25% $11,479
    Regions Bank 1 6.13% $6,253
    RELIANCE FIRST CAPITAL, LLC 1 7.13% $6,139
    The Federal Savings Bank 1 7.25% $12,676
    First Horizon Bank 1 6.13% $7,848
    First Federal Bank 1 6.25% $2,337
    GSF Mortgage Corporation 1 8.13% $15,591
    GoPrime Mortgage, Inc. 1 5.75% $2,211
    GUILD MORTGAGE COMPANY 1 7.13% $11,807
    ACADEMY MORTGAGE CORPORATION 1 7.25% $4,099
    First Bank 1 6.63% $16,906
    Integrity Home Mortgage Corp 1 7.25% $2,382
    FAIR WAY LENDING LLC 1 5.75% $11,218
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.88% $5,612
    Mid-Continent Funding, Inc. 1 6.25% $8,809
    Equity Prime Mortgage LLC 1 7.25% $3,483
    DAS Acquisition Company, LLC 1 6.75% $14,521

    The top Lumberton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 57 VA loans originated. Their average total fees are $5,924, which is $3,655 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lumberton VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,505), Mortgage Research Center, LLC ($5,924), CORNERSTONE HOME LENDING, INC. ($7,892), QUICKEN LOANS, LLC ($7,929) and UNITED WHOLESALE MORTGAGE, LLC ($9,579).

    The lowest rate Lumberton VA lenders (with over 10 loans originated) are CORNERSTONE HOME LENDING, INC. (5.92%), NAVY FEDERAL CREDIT UNION (6.08%), QUICKEN LOANS, LLC (6.13%), UNITED WHOLESALE MORTGAGE, LLC (6.60%) and Mortgage Research Center, LLC (6.84%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lumberton (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 $119,900 (9.0%) $143,934 (-1.1%) 0.00 212
    2018-02-01 $111,175 (-5.0%) $144,463 (-1.4%) 0.00 217
    2018-03-01 $114,900 (-7.2%) $147,811 (0.1%) 0.00 214
    2018-04-01 $117,450 (-6.0%) $145,620 (-5.4%) 0.00 214
    2018-05-01 $115,975 (-3.3%) $148,373 (-2.3%) 0.00 236
    2018-06-01 $118,000 (-4.1%) $148,892 (-1.8%) 0.00 249
    2018-07-01 $110,500 (-14.7%) $146,291 (-5.1%) 0.00 239
    2018-08-01 $119,900 (-4.1%) $156,741 (3.7%) 0.00 239
    2018-09-01 $115,000 (-10.0%) $155,976 (4.3%) 0.00 233
    2018-10-01 $120,100 (-7.2%) $163,259 (9.2%) 0.00 226
    2018-11-01 $123,500 (-1.1%) $161,300 (7.5%) 0.00 223
    2018-12-01 $119,900 (0.0%) $158,122 (8.1%) 0.00 218
    2019-01-01 $116,700 (-2.7%) $156,807 (8.9%) 0.00 218
    2019-02-01 $114,950 (3.4%) $151,872 (5.1%) 0.00 218
    2019-03-01 $115,300 (0.4%) $152,465 (3.2%) 0.00 214
    2019-04-01 $115,775 (-1.4%) $157,300 (8.0%) 0.00 210
    2019-05-01 $119,225 (2.8%) $161,132 (8.6%) 0.00 219
    2019-06-01 $120,000 (1.7%) $154,546 (3.8%) 0.00 218
    2019-07-01 $121,700 (10.1%) $159,710 (9.2%) 0.00 229
    2019-08-01 $125,000 (4.3%) $158,167 (0.9%) 0.00 227
    2019-09-01 $125,000 (8.7%) $155,479 (-0.3%) 0.00 221
    2019-10-01 $125,000 (4.1%) $154,853 (-5.2%) 0.00 215
    2019-11-01 $124,250 (0.6%) $155,360 (-3.7%) 0.00 195
    2019-12-01 $119,950 (0.0%) $149,810 (-5.3%) 0.00 198
    2020-01-01 $119,975 (2.8%) $150,293 (-4.2%) 0.00 184
    2020-02-01 $110,000 (-4.3%) $144,929 (-4.6%) 0.00 182
    2020-03-01 $115,450 (0.1%) $149,376 (-2.0%) 0.00 181
    2020-04-01 $120,000 (3.7%) $155,270 (-1.3%) 0.00 164
    2020-05-01 $123,250 (3.4%) $158,051 (-1.9%) 0.00 141
    2020-06-01 $115,000 (-4.2%) $168,124 (8.8%) 0.00 135
    2020-07-01 $136,700 (12.3%) $181,180 (13.4%) 0.00 131
    2020-08-01 $147,000 (17.6%) $189,516 (19.8%) 0.00 111
    2020-09-01 $148,450 (18.8%) $186,335 (19.9%) 0.00 98
    2020-10-01 $145,950 (16.8%) $182,798 (18.1%) 0.00 94
    2020-11-01 $144,450 (16.3%) $193,246 (24.4%) 0.00 83
    2020-12-01 $149,175 (24.4%) $207,447 (38.5%) 0.00 86
    2021-01-01 $166,000 (38.4%) $226,841 (50.9%) 0.00 81
    2021-02-01 $148,475 (35.0%) $209,096 (44.3%) 0.00 83
    2021-03-01 $139,750 (21.1%) $200,415 (34.2%) 0.00 70
    2021-04-01 $131,945 (10.0%) $206,103 (32.7%) 0.00 59
    2021-05-01 $163,750 (32.9%) $231,337 (46.4%) 0.00 65
    2021-06-01 $172,500 (50.0%) $232,005 (38.0%) 0.00 67
    2021-07-01 $169,900 (24.3%) $240,175 (32.6%) 0.00 68
    2021-08-01 $175,000 (19.1%) $230,936 (21.9%) 0.00 71
    2021-09-01 $170,000 (14.5%) $223,764 (20.1%) 0.00 77
    2021-10-01 $160,000 (9.6%) $202,252 (10.6%) 0.00 72
    2021-11-01 $170,000 (17.7%) $204,222 (5.7%) 0.00 70
    2021-12-01 $175,000 (17.3%) $212,266 (2.3%) 0.00 64
    2022-01-01 $175,500 (5.7%) $205,826 (-9.3%) 0.00 52
    2022-02-01 $192,750 (29.8%) $199,494 (-4.6%) 0.00 59
    2022-03-01 $180,000 (28.8%) $195,014 (-2.7%) 0.00 54
    2022-04-01 $207,500 (57.3%) $223,519 (8.5%) 0.00 51
    2022-05-01 $218,000 (33.1%) $231,541 (0.1%) 0.00 60
    2022-06-01 $193,950 (12.4%) $223,129 (-3.8%) 0.00 80
    2022-07-01 $222,500 (31.0%) $237,677 (-1.0%) 0.00 95
    2022-08-01 $218,700 (25.0%) $232,681 (0.8%) 0.00 99
    2022-09-01 $220,000 (29.4%) $234,820 (4.9%) 0.00 107
    2022-10-01 $220,000 (37.5%) $239,104 (18.2%) 0.00 113
    2022-11-01 $244,750 (44.0%) $238,994 (17.0%) 0.00 121
    2022-12-01 $249,990 (42.9%) $259,635 (22.3%) 0.00 129
    2023-01-01 $252,490 (43.9%) $267,448 (29.9%) 0.00 118
    2023-02-01 $264,463 (37.2%) $282,308 (41.5%) 0.00 100
    2023-03-01 $257,950 (43.3%) $295,012 (51.3%) 0.00 78
    2023-04-01 $261,900 (26.2%) $283,544 (26.9%) 0.00 87
    2023-05-01 $259,925 (19.2%) $289,362 (25.0%) 0.00 89
    2023-06-01 $251,225 (29.5%) $278,496 (24.8%) 0.00 100
    2023-07-01 $254,900 (14.6%) $281,006 (18.2%) 0.00 109
    2023-08-01 $259,100 (18.5%) $275,639 (18.5%) 0.00 128
    2023-09-01 $259,900 (18.1%) $272,417 (16.0%) 0.00 116
    2023-10-01 $263,450 (19.8%) $287,807 (20.4%) 0.00 110
    2023-11-01 $263,025 (7.5%) $274,775 (15.0%) 0.00 128
    2023-12-01 $262,000 (4.8%) $296,069 (14.0%) 0.00 138
    2024-01-01 $250,825 (-0.7%) $292,101 (9.2%) 0.00 129
    2024-02-01 $247,450 (-6.4%) $285,379 (1.1%) 0.00 141
    2024-03-01 $249,450 (-3.3%) $284,769 (-3.5%) 0.00 147
    2024-04-01 $249,450 (-4.8%) $298,555 (5.3%) 0.00 124
    2024-05-01 $255,950 (-1.5%) $311,100 (7.5%) 0.00 127
    2024-06-01 $255,000 (1.5%) $291,868 (4.8%) 0.00 133
    2024-07-01 $267,000 (4.8%) $287,863 (2.4%) 0.00 134
    2024-08-01 $267,900 (3.4%) $281,797 (2.2%) 0.00 126
    2024-09-01 $258,000 (-0.7%) $270,542 (-0.7%) 0.00 143
    2024-10-01 $253,000 (-4.0%) $272,202 (-5.4%) 0.00 156
    Lumberton's median listing price for 2024-10-01 was $253,000, a difference of $-10,450 (-4.0%) versus the prior year and $-5,000 versus the prior month.

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

    Lumberton's average listing price for 2024-10-01 was $272,202, a difference of $-15,605 (-5.4%) versus the prior year and $1,660 versus the prior month.

    For the 2024-10-01 period, Lumberton had 156 MLS listings, a difference of 13 listings (9%) versus the prior month and 46 listings (42%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lumberton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,833 sqft
    2018-02-01 0 days 1,750 sqft
    2018-03-01 0 days 1,750 sqft
    2018-04-01 0 days 1,790 sqft
    2018-05-01 0 days 1,779 sqft
    2018-06-01 0 days 1,750 sqft
    2018-07-01 0 days 1,650 sqft
    2018-08-01 0 days 1,750 sqft
    2018-09-01 0 days 1,650 sqft
    2018-10-01 0 days 1,750 sqft
    2018-11-01 0 days 1,750 sqft
    2018-12-01 0 days 1,750 sqft
    2019-01-01 0 days 1,650 sqft
    2019-02-01 0 days 1,684 sqft
    2019-03-01 0 days 1,743 sqft
    2019-04-01 0 days 1,800 sqft
    2019-05-01 0 days 1,787 sqft
    2019-06-01 0 days 1,750 sqft
    2019-07-01 0 days 1,750 sqft
    2019-08-01 0 days 1,750 sqft
    2019-09-01 0 days 1,750 sqft
    2019-10-01 0 days 1,750 sqft
    2019-11-01 0 days 1,750 sqft
    2019-12-01 0 days 1,710 sqft
    2020-01-01 0 days 1,650 sqft
    2020-02-01 0 days 1,550 sqft
    2020-03-01 0 days 1,550 sqft
    2020-04-01 0 days 1,600 sqft
    2020-05-01 0 days 1,550 sqft
    2020-06-01 0 days 1,550 sqft
    2020-07-01 0 days 1,660 sqft
    2020-08-01 0 days 1,750 sqft
    2020-09-01 0 days 1,808 sqft
    2020-10-01 0 days 1,750 sqft
    2020-11-01 0 days 1,750 sqft
    2020-12-01 0 days 1,802 sqft
    2021-01-01 0 days 1,850 sqft
    2021-02-01 0 days 1,697 sqft
    2021-03-01 0 days 1,840 sqft
    2021-04-01 0 days 1,750 sqft
    2021-05-01 0 days 1,850 sqft
    2021-06-01 0 days 1,850 sqft
    2021-07-01 0 days 1,850 sqft
    2021-08-01 0 days 1,950 sqft
    2021-09-01 0 days 1,850 sqft
    2021-10-01 0 days 1,829 sqft
    2021-11-01 0 days 1,700 sqft
    2021-12-01 0 days 1,850 sqft
    2022-01-01 0 days 1,850 sqft
    2022-02-01 0 days 1,850 sqft
    2022-03-01 0 days 1,900 sqft
    2022-04-01 0 days 1,935 sqft
    2022-05-01 0 days 1,937 sqft
    2022-06-01 0 days 1,850 sqft
    2022-07-01 0 days 1,873 sqft
    2022-08-01 0 days 1,850 sqft
    2022-09-01 0 days 1,850 sqft
    2022-10-01 0 days 1,850 sqft
    2022-11-01 0 days 1,850 sqft
    2022-12-01 0 days 1,850 sqft
    2023-01-01 0 days 1,850 sqft
    2023-02-01 0 days 1,850 sqft
    2023-03-01 0 days 1,832 sqft
    2023-04-01 0 days 1,850 sqft
    2023-05-01 0 days 1,850 sqft
    2023-06-01 0 days 1,873 sqft
    2023-07-01 0 days 1,837 sqft
    2023-08-01 0 days 1,789 sqft
    2023-09-01 0 days 1,779 sqft
    2023-10-01 0 days 1,788 sqft
    2023-11-01 0 days 1,786 sqft
    2023-12-01 0 days 1,794 sqft
    2024-01-01 0 days 1,779 sqft
    2024-02-01 0 days 1,779 sqft
    2024-03-01 0 days 1,770 sqft
    2024-04-01 0 days 1,784 sqft
    2024-05-01 0 days 1,808 sqft
    2024-06-01 0 days 1,799 sqft
    2024-07-01 0 days 1,791 sqft
    2024-08-01 0 days 1,774 sqft
    2024-09-01 0 days 1,608 sqft
    2024-10-01 0 days 1,629 sqft
    Lumberton's median listing age (time on market) for 2024-10-01 was 0 days.

    Lumberton's median square footage for active listings during the 2024-10-01 period was 1,629 sqft. One year prior, the average listing was 1,788 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.