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 6.35% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

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

    The average rate for the prior week (2025-03-28) was 6.57% and one month ago for the week of 2025-02-28, the average rate was 6.44%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.99%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Morehead City (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 $309,450 (3.5%) $393,920 (7.8%) 0.00 969
    2018-02-01 $314,950 (5.3%) $398,075 (7.7%) 0.00 958
    2018-03-01 $322,950 (8.0%) $404,889 (8.3%) 0.00 997
    2018-04-01 $322,250 (4.6%) $404,273 (4.8%) 0.00 1,011
    2018-05-01 $325,000 (6.7%) $413,015 (5.8%) 0.00 1,022
    2018-06-01 $326,500 (7.1%) $416,844 (7.9%) 0.00 999
    2018-07-01 $330,000 (4.8%) $425,276 (8.6%) 0.00 983
    2018-08-01 $337,000 (6.9%) $433,165 (10.7%) 0.00 939
    2018-09-01 $343,000 (8.9%) $446,926 (15.2%) 0.00 899
    2018-10-01 $337,000 (7.0%) $445,004 (14.4%) 0.00 723
    2018-11-01 $338,925 (9.7%) $443,515 (15.0%) 0.00 670
    2018-12-01 $339,900 (9.7%) $443,764 (14.0%) 0.00 653
    2019-01-01 $339,463 (9.7%) $449,963 (14.2%) 0.00 585
    2019-02-01 $340,619 (8.2%) $440,224 (10.6%) 0.00 610
    2019-03-01 $351,143 (8.7%) $457,572 (13.0%) 0.00 636
    2019-04-01 $354,125 (9.9%) $474,251 (17.3%) 0.00 673
    2019-05-01 $362,500 (11.5%) $488,547 (18.3%) 0.00 705
    2019-06-01 $359,900 (10.2%) $484,360 (16.2%) 0.00 729
    2019-07-01 $369,125 (11.9%) $486,944 (14.5%) 0.00 737
    2019-08-01 $376,336 (11.7%) $494,837 (14.2%) 0.00 751
    2019-09-01 $378,341 (10.3%) $497,583 (11.3%) 0.00 778
    2019-10-01 $379,677 (12.7%) $499,413 (12.2%) 0.00 799
    2019-11-01 $375,000 (10.6%) $492,275 (11.0%) 0.00 820
    2019-12-01 $375,000 (10.3%) $488,356 (10.1%) 0.00 774
    2020-01-01 $375,000 (10.5%) $484,524 (7.7%) 0.00 771
    2020-02-01 $375,000 (10.1%) $488,145 (10.9%) 0.00 771
    2020-03-01 $375,000 (6.8%) $489,853 (7.1%) 0.00 806
    2020-04-01 $375,375 (6.0%) $497,395 (4.9%) 0.00 809
    2020-05-01 $375,500 (3.6%) $499,510 (2.2%) 0.00 758
    2020-06-01 $385,000 (7.0%) $519,160 (7.2%) 0.00 660
    2020-07-01 $385,000 (4.3%) $519,465 (6.7%) 0.00 585
    2020-08-01 $385,000 (2.3%) $526,397 (6.4%) 0.00 533
    2020-09-01 $385,000 (1.8%) $551,558 (10.9%) 0.00 455
    2020-10-01 $385,000 (1.4%) $555,865 (11.3%) 0.00 430
    2020-11-01 $385,000 (2.7%) $558,711 (13.5%) 0.00 400
    2020-12-01 $399,725 (6.6%) $575,358 (17.8%) 0.00 332
    2021-01-01 $399,250 (6.5%) $552,071 (13.9%) 0.00 287
    2021-02-01 $422,500 (12.7%) $587,290 (20.3%) 0.00 241
    2021-03-01 $449,975 (20.0%) $594,730 (21.4%) 0.00 219
    2021-04-01 $469,950 (25.2%) $619,749 (24.6%) 0.00 215
    2021-05-01 $465,000 (23.8%) $622,774 (24.7%) 0.00 202
    2021-06-01 $467,825 (21.5%) $613,422 (18.2%) 0.00 224
    2021-07-01 $450,000 (16.9%) $596,253 (14.8%) 0.00 242
    2021-08-01 $450,000 (16.9%) $624,288 (18.6%) 0.00 245
    2021-09-01 $450,000 (16.9%) $623,067 (13.0%) 0.00 276
    2021-10-01 $449,000 (16.6%) $598,805 (7.7%) 0.00 265
    2021-11-01 $449,500 (16.8%) $612,188 (9.6%) 0.00 232
    2021-12-01 $461,950 (15.6%) $615,791 (7.0%) 0.00 208
    2022-01-01 $475,000 (19.0%) $607,750 (10.1%) 0.00 165
    2022-02-01 $479,150 (13.4%) $609,761 (3.8%) 0.00 160
    2022-03-01 $484,475 (7.7%) $631,401 (6.2%) 0.00 146
    2022-04-01 $486,950 (3.6%) $635,745 (2.6%) 0.00 164
    2022-05-01 $510,950 (9.9%) $681,613 (9.5%) 0.00 179
    2022-06-01 $525,000 (12.2%) $695,765 (13.4%) 0.00 218
    2022-07-01 $530,000 (17.8%) $701,999 (17.7%) 0.00 262
    2022-08-01 $559,225 (24.3%) $720,479 (15.4%) 0.00 271
    2022-09-01 $549,950 (22.2%) $718,922 (15.4%) 0.00 301
    2022-10-01 $550,000 (22.5%) $697,339 (16.5%) 0.00 335
    2022-11-01 $546,175 (21.5%) $660,274 (7.9%) 0.00 351
    2022-12-01 $552,350 (19.6%) $670,615 (8.9%) 0.00 320
    2023-01-01 $551,175 (16.0%) $686,020 (12.9%) 0.00 285
    2023-02-01 $549,925 (14.8%) $679,608 (11.5%) 0.00 290
    2023-03-01 $549,850 (13.5%) $701,833 (11.2%) 0.00 290
    2023-04-01 $569,000 (16.9%) $714,988 (12.5%) 0.00 280
    2023-05-01 $549,975 (7.6%) $696,546 (2.2%) 0.00 275
    2023-06-01 $575,000 (9.5%) $717,963 (3.2%) 0.00 285
    2023-07-01 $585,500 (10.5%) $732,909 (4.4%) 0.00 278
    2023-08-01 $594,000 (6.2%) $754,209 (4.7%) 0.00 282
    2023-09-01 $594,950 (8.2%) $777,155 (8.1%) 0.00 305
    2023-10-01 $609,925 (10.9%) $808,786 (16.0%) 0.00 312
    2023-11-01 $602,475 (10.3%) $791,650 (19.9%) 0.00 328
    2023-12-01 $599,900 (8.6%) $772,642 (15.2%) 0.00 329
    2024-01-01 $598,650 (8.6%) $736,826 (7.4%) 0.00 338
    2024-02-01 $598,950 (8.9%) $753,647 (10.9%) 0.00 364
    2024-03-01 $599,900 (9.1%) $770,159 (9.7%) 0.00 402
    2024-04-01 $599,325 (5.3%) $755,192 (5.6%) 0.00 431
    2024-05-01 $599,325 (9.0%) $749,390 (7.6%) 0.00 451
    2024-06-01 $599,900 (4.3%) $787,019 (9.6%) 0.00 456
    2024-07-01 $599,000 (2.3%) $786,046 (7.3%) 0.00 454
    2024-08-01 $590,450 (-0.6%) $765,769 (1.5%) 0.00 475
    2024-09-01 $599,000 (0.7%) $771,239 (-0.8%) 0.00 490
    2024-10-01 $597,000 (-2.1%) $759,131 (-6.1%) 0.00 486
    2024-11-01 $579,900 (-3.8%) $746,676 (-5.7%) 0.00 498
    2024-12-01 $570,000 (-5.0%) $706,474 (-8.6%) 0.00 451
    2025-01-01 $579,750 (-3.2%) $747,849 (1.5%) 0.00 433
    2025-02-01 $577,300 (-3.6%) $789,929 (4.8%) 0.00 487
    2025-03-01 $574,500 (-4.2%) $797,093 (3.5%) 0.00 510
    Morehead City's median listing price for 2025-03-01 was $574,500, a difference of $-25,400 (-4.2%) versus the prior year and $-2,800 versus the prior month.

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

    Morehead City's average listing price for 2025-03-01 was $797,093, a difference of $26,934 (3.5%) versus the prior year and $7,164 versus the prior month.

    For the 2025-03-01 period, Morehead City had 510 MLS listings, a difference of 23 listings (5%) versus the prior month and 108 listings (27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Morehead City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,717 sqft
    2018-02-01 0 days 1,750 sqft
    2018-03-01 0 days 1,784 sqft
    2018-04-01 0 days 1,788 sqft
    2018-05-01 0 days 1,832 sqft
    2018-06-01 0 days 1,842 sqft
    2018-07-01 0 days 1,866 sqft
    2018-08-01 0 days 1,868 sqft
    2018-09-01 0 days 1,864 sqft
    2018-10-01 0 days 1,847 sqft
    2018-11-01 0 days 1,808 sqft
    2018-12-01 0 days 1,789 sqft
    2019-01-01 0 days 1,783 sqft
    2019-02-01 0 days 1,796 sqft
    2019-03-01 0 days 1,815 sqft
    2019-04-01 0 days 1,819 sqft
    2019-05-01 0 days 1,922 sqft
    2019-06-01 0 days 1,947 sqft
    2019-07-01 0 days 1,952 sqft
    2019-08-01 0 days 1,969 sqft
    2019-09-01 0 days 1,953 sqft
    2019-10-01 0 days 1,925 sqft
    2019-11-01 0 days 1,863 sqft
    2019-12-01 0 days 1,825 sqft
    2020-01-01 0 days 1,798 sqft
    2020-02-01 0 days 1,796 sqft
    2020-03-01 0 days 1,789 sqft
    2020-04-01 0 days 1,796 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,923 sqft
    2020-07-01 0 days 1,944 sqft
    2020-08-01 0 days 1,920 sqft
    2020-09-01 0 days 1,888 sqft
    2020-10-01 0 days 1,874 sqft
    2020-11-01 0 days 1,847 sqft
    2020-12-01 0 days 1,854 sqft
    2021-01-01 0 days 1,860 sqft
    2021-02-01 0 days 1,942 sqft
    2021-03-01 0 days 1,959 sqft
    2021-04-01 0 days 1,974 sqft
    2021-05-01 0 days 1,951 sqft
    2021-06-01 0 days 1,901 sqft
    2021-07-01 0 days 1,850 sqft
    2021-08-01 0 days 1,850 sqft
    2021-09-01 0 days 1,821 sqft
    2021-10-01 0 days 1,810 sqft
    2021-11-01 0 days 1,792 sqft
    2021-12-01 0 days 1,784 sqft
    2022-01-01 0 days 1,790 sqft
    2022-02-01 0 days 1,808 sqft
    2022-03-01 0 days 1,807 sqft
    2022-04-01 0 days 1,804 sqft
    2022-05-01 0 days 1,981 sqft
    2022-06-01 0 days 1,941 sqft
    2022-07-01 0 days 1,888 sqft
    2022-08-01 0 days 2,000 sqft
    2022-09-01 0 days 1,975 sqft
    2022-10-01 0 days 1,960 sqft
    2022-11-01 0 days 1,919 sqft
    2022-12-01 0 days 1,881 sqft
    2023-01-01 0 days 1,875 sqft
    2023-02-01 0 days 1,918 sqft
    2023-03-01 0 days 1,911 sqft
    2023-04-01 0 days 1,937 sqft
    2023-05-01 0 days 2,000 sqft
    2023-06-01 0 days 1,977 sqft
    2023-07-01 0 days 1,974 sqft
    2023-08-01 0 days 1,920 sqft
    2023-09-01 0 days 1,948 sqft
    2023-10-01 0 days 1,910 sqft
    2023-11-01 0 days 1,871 sqft
    2023-12-01 0 days 1,800 sqft
    2024-01-01 0 days 1,800 sqft
    2024-02-01 0 days 1,765 sqft
    2024-03-01 0 days 1,797 sqft
    2024-04-01 0 days 1,795 sqft
    2024-05-01 0 days 1,796 sqft
    2024-06-01 0 days 1,832 sqft
    2024-07-01 0 days 1,936 sqft
    2024-08-01 0 days 1,858 sqft
    2024-09-01 0 days 1,833 sqft
    2024-10-01 0 days 1,826 sqft
    2024-11-01 0 days 1,800 sqft
    2024-12-01 0 days 1,778 sqft
    2025-01-01 0 days 1,868 sqft
    2025-02-01 0 days 1,899 sqft
    2025-03-01 0 days 1,875 sqft
    Morehead City's median listing age (time on market) for 2025-03-01 was 0 days.

    Morehead City's median square footage for active listings during the 2025-03-01 period was 1,875 sqft. One year prior, the average listing was 1,797 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.