Lynchburg VA Loan Rates, Closing Costs & Stats

LYNCHBURG, VA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    Lynchburg's 83 lenders originated 502 VA loans during 2024. The total origination value was $164,020,000, with an average VA loan value of $326,733.

    Lynchburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lynchburg averaged 0.5% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Lynchburg's average VA mortgage closing costs are $6,131.

    The average rate for the prior week (2025-06-13) was 7.05% and one month ago for the week of 2025-05-16, the average rate was 6.91%.

    The average rate one year ago was 6.9%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.37%.

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

    Lynchburg 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 Lynchburg level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 73 6.30% $5,924
    QUICKEN LOANS, LLC 53 6.00% $10,503
    UNITED WHOLESALE MORTGAGE, LLC 42 6.01% $9,616
    FREEDOM MORTGAGE CORPORATION 29 6.19% $7,148
    Alcova Mortgage LLC 19 6.69% $6,417
    USAA Federal Savings Bank 14 6.29% $6,454
    VILLAGE CAPITAL MORTGAGE 13 5.98% $4,264
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.43% $7,285
    Atlantic Coast Mortgage, LLC 12 6.48% $7,369
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 12 6.44% $6,726
    NAVY FEDERAL CREDIT UNION 12 5.71% $7,375
    PENNYMAC LOAN SERVICES, LLC 12 5.52% $8,149
    HOMESIDE FINANCIAL, LLC 9 6.44% $11,768
    The Federal Savings Bank 8 6.11% $17,259
    NEWREZ LLC 7 6.02% $7,147
    EMBRACE HOME LOANS, INC. 6 6.21% $11,484
    NEW DAY FINANCIAL, LLC 6 7.29% $9,398
    PLANET HOME LENDING, LLC 6 5.87% $4,586
    FIRST COMMUNITY MORTGAGE, INC. 5 5.82% $15,276
    CARDINAL FINANCIAL 5 6.07% $11,606
    CLEARPATH LENDING 5 5.55% $7,784
    Renasant Bank 5 6.38% $4,864
    MOVEMENT MORTGAGE, LLC 5 6.35% $8,009
    LOANDEPOT.COM, LLC 5 5.95% $10,027
    Flagstar Bank, FSB 5 6.38% $7,516
    NATION ONE MORTGAGE CORPORATION 4 6.53% $9,779
    PLAZA HOME MORTGAGE, INC. 4 6.40% $13,776
    CMG MORTGAGE, INC. 3 6.67% $13,803
    AMERICAN FINANCIAL NETWORK, INC. 3 6.54% $5,154
    Carrington Mortgage Services, LLC 3 6.33% $10,043
    MUTUAL OF OMAHA MORTGAGE, INC. 3 5.83% $14,436
    NVR Mortgage Finance, Inc. 3 5.87% $3,448
    Cornerstone First Mortgage, Inc 2 5.75% $8,423
    EMM LOANS LLC 2 6.38% $5,989
    C & F Mortgage Corporation 2 6.69% $5,188
    Atlantic Union Bank 2 6.63% $6,211
    RELIANCE FIRST CAPITAL, LLC 2 6.56% $14,217
    Ameris Bank 2 6.06% $3,800
    LOANPAL, LLC 2 6.06% $13,274
    Magnolia Bank 2 6.31% $18,825
    Lakeview Community Capital, LLC 2 6.00% $4,120
    BROKER SOLUTIONS, INC. 2 6.56% $11,302
    NFM, INC. 2 7.13% $11,491
    Mid-Continent Funding, Inc. 2 6.31% $13,779
    Paramount Residential Mortgage Group, Inc. 2 6.63% $9,645
    United Bank 2 5.38% $11,835
    Integrity Home Mortgage Corp 2 7.38% $3,414
    CROSSCOUNTRY MORTGAGE, LLC 2 6.19% $8,292
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.75% $13,024
    First Federal Bank 2 6.56% $4,942
    FIRST COLONY MORTGAGE CORPORATION 2 6.25% $6,673
    Barrington Bank & Trust Company, N.A. 1 6.75% $5,481
    BANKSOUTH MORTGAGE COMPANY, LLC 1 5.88% $17,615
    Prosperity Home Mortgage, LLC 1 6.25% $3,046
    Sierra Pacific Mortgage Company, Inc. 1 7.25% $4,304
    SOUTHERN TRUST MORTGAGE, LLC 1 6.13% $8,106
    SWBC MORTGAGE CORPORATION 1 6.75% $8,517
    The Central Trust Bank 1 5.25% $4,503
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $17,132
    The Fidelity Bank 1 6.75% $16,181
    GoPrime Mortgage, Inc. 1 5.88% $14,425
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $7,296
    AMERICAN FINANCING CORPORATION 1 5.63% $6,731
    U.S. Bank 1 5.63% $2,559
    Towne Bank 1 6.13% $15,816
    GUARANTEED RATE, INC. 1 7.25% $1,813
    GVC MORTGAGE, INC. 1 7.13% $8,888
    Homesale Mortgage, LLC 1 6.25% $10,892
    FIDELITY DIRECT MORTGAGE, LLC 1 7.49% $17,664
    HOMESPIRE MORTGAGE CORPORATION 1 6.13% $12,664
    HOMESTEAD FUNDING CORP. 1 6.13% $2,194
    INTELLILOAN, INC. 1 5.75% $765
    Lincoln FSB of Nebraska 1 5.50% $3,888
    MEMBER ADVANTAGE MORTGAGE, LLC 1 6.13% $6,998
    MORTGAGE ACCESS CORP. 1 6.25% $3,204
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.25% $4,443
    Century Mortgage Company DBA Century Lending Company 1 5.99% $16,942
    NBKC BANK 1 6.00% $1,502
    Capital City Home Loans, LLC 1 6.75% $7,022
    ZILLOW HOME LOANS, LLC 1 5.75% $10,220
    BAYSHORE MORTGAGE FUNDING, LLC 1 5.25% $4,987
    PENTAGON FEDERAL CREDIT UNION 1 6.00% $3,477
    PHH Mortgage Corporation 1 5.50% $5,376

    The top Lynchburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 73 VA loans originated. Their average total fees are $5,924, which is $4,579 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Lynchburg VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($4,264), Mortgage Research Center, LLC ($5,924), Alcova Mortgage LLC ($6,417), USAA Federal Savings Bank ($6,454) and ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($6,726).

    The lowest rate Lynchburg VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.52%), NAVY FEDERAL CREDIT UNION (5.71%), VILLAGE CAPITAL MORTGAGE (5.98%), QUICKEN LOANS, LLC (6.00%) and UNITED WHOLESALE MORTGAGE, LLC (6.01%).

    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.