Morehead City VA Loan Rates, Closing Costs & Stats

Morehead City, 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.

    Morehead City's 56 lenders originated 256 VA loans during 2024. The total origination value was $104,800,000, with an average VA loan value of $409,375.

    Morehead City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Morehead City averaged 0.69% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Morehead City's average VA mortgage closing costs are $6,118.

    The average rate for the prior week (2025-06-13) was 6.93% and one month ago for the week of 2025-05-16, the average rate was 7.09%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.33%.

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

    Morehead City 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 Morehead City level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    NAVY FEDERAL CREDIT UNION 29 5.87% $4,147
    UNITED WHOLESALE MORTGAGE, LLC 20 6.20% $10,448
    Mortgage Research Center, LLC 19 6.42% $6,917
    QUICKEN LOANS, LLC 15 6.04% $11,983
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 13 6.65% $8,808
    FREEDOM MORTGAGE CORPORATION 13 6.24% $13,275
    GUARANTEED RATE, INC. 11 6.10% $6,015
    PENNYMAC LOAN SERVICES, LLC 11 5.55% $11,346
    DHI MORTGAGE COMPANY, LTD. 9 5.80% $9,543
    MOVEMENT MORTGAGE, LLC 9 6.25% $7,687
    USAA Federal Savings Bank 6 6.58% $6,444
    NEWREZ LLC 5 5.99% $11,697
    Corporate Investors Mortgage Group, Inc. 5 6.60% $7,495
    GUILD MORTGAGE COMPANY 5 6.58% $6,784
    American Security Mortgage Corp. 5 6.02% $11,001
    The Federal Savings Bank 4 6.16% $29,881
    CMG MORTGAGE, INC. 4 5.97% $4,243
    NEW DAY FINANCIAL, LLC 3 7.58% $12,720
    CROSSCOUNTRY MORTGAGE, LLC 3 6.60% $8,842
    SUN WEST MORTGAGE COMPANY, INC. 3 5.50% $5,437
    LOANDEPOT.COM, LLC 3 5.83% $13,202
    Century Mortgage Company DBA Century Lending Company 2 5.19% $8,456
    LAKEVIEW LOAN SERVICING, LLC 2 5.50% $6,017
    VILLAGE CAPITAL MORTGAGE 2 6.00% $7,843
    INTERCOASTAL MORTGAGE COMPANY 2 6.56% $11,909
    SWBC MORTGAGE CORPORATION 2 6.94% $5,610
    Carrington Mortgage Services, LLC 2 6.25% $10,570
    T2 FINANCIAL LLC 2 6.94% $15,419
    V.I.P. MORTGAGE, INC. 1 7.13% $6,115
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $13,417
    AMERICAN FINANCING CORPORATION 1 6.75% $25,407
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $14,786
    Armed Forces Bank 1 5.13% $4,852
    Barrington Bank & Trust Company, N.A. 1 6.75% $2,920
    DELMAR FINANCIAL COMPANY 1 6.50% $29,337
    Equity Prime Mortgage LLC 1 7.50% $12,499
    First Federal Bank 1 6.00% $26,289
    GoPrime Mortgage, Inc. 1 6.38% $4,830
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.25% $7,399
    HOMESTEAD FUNDING CORP. 1 5.50% $1,400
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.75% $7,305
    Integrity Home Mortgage Corp 1 6.75% $15,643
    Meridian Bank Corporation 1 6.25% $11,873
    Mid-Continent Funding, Inc. 1 6.13% $5,482
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $100
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $7,256
    Nations Lending Corporation 1 5.25% $3,184
    NBKC BANK 1 5.63% $2,472
    PLANET HOME LENDING, LLC 1 6.13% $3,180
    Presidential Bank, FSB 1 5.75% $3,489
    Texana Bank 1 6.13% $18,802
    The Fidelity Bank 1 6.25% $4,634
    TIDEWATER MORTGAGE SERVICES, INC. 1 5.25% $13,239
    UNION HOME MORTGAGE CORP. 1 7.13% $5,669
    VERITAS FUNDING, LLC 1 6.00% $15,623
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.75% $4,796

    The top Morehead City VA lender as defined by loan originations is NAVY FEDERAL CREDIT UNION, with 29 VA loans originated. Their average total fees are $4,147, which is $6,301 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Morehead City VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,147), GUARANTEED RATE, INC. ($6,015), Mortgage Research Center, LLC ($6,917), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($8,808) and UNITED WHOLESALE MORTGAGE, LLC ($10,448).

    The lowest rate Morehead City VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.55%), NAVY FEDERAL CREDIT UNION (5.87%), QUICKEN LOANS, LLC (6.04%), GUARANTEED RATE, INC. (6.10%) and UNITED WHOLESALE MORTGAGE, LLC (6.20%).

    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.