Mount Airy VA Loan Rates, Closing Costs & Stats

Mount Airy, NC

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.

Mount Airy's 28 lenders originated 82 VA loans during 2022. The total origination value was $21,450,000, with an average VA loan value of $261,585.

Mount Airy VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Mount Airy averaged 6% for the week of 2024-02-16, compared to the national average (all VA variants) of 6.462% for the same period.

Mount Airy's average VA mortgage closing costs are $4,699.

The average rate for the prior week (2024-02-09) was 5.96% and one month ago for the week of 2024-01-12, the average rate was 5.82%.

The average rate one year ago was 5.79%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.03%.

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

Mount Airy 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 Mount Airy level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 23 5.18% $5,847
QUICKEN LOANS, LLC 8 3.90% $10,275
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 5.02% $6,280
NEW DAY FINANCIAL, LLC 4 5.52% $17,555
FREEDOM MORTGAGE CORPORATION 4 4.78% $21,268
EMM LOANS LLC 3 5.71% $7,985
PENNYMAC LOAN SERVICES, LLC 2 3.00% $8,538
CARDINAL FINANCIAL 2 3.56% $3,069
Mr. Cooper ( Nationstar Mortgage ) 2 5.13% $6,273
AMERISAVE MORTGAGE CORPORATION 2 3.63% $19,637
TOWNE MORTGAGE COMPANY 2 4.13% $4,437
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.99% $4,893
NAVY FEDERAL CREDIT UNION 1 4.13% $1,883
OCMBC, INC. 1 6.75% $10,943
PNC Bank 1 3.50% $809
UNITED WHOLESALE MORTGAGE, LLC 1 2.50% $8,106
AMERICAN FINANCIAL RESOURCES, INC. 1 3.75% $1,085
Wells Fargo Bank 1 5.25% $8,852
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.13% $9,719
CALIBER HOME LOANS, INC. 1 4.70% $2,700
Citizens Bank 1 4.75% $2,068
CLEARPATH LENDING 1 4.75% $36,445
CMG MORTGAGE, INC. 1 6.50% $3,781
CORNERSTONE HOME LENDING, INC. 1 4.25% $1,388
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $904
GUARANTEED RATE, INC. 1 3.13% $1,786
INTERCOASTAL MORTGAGE COMPANY 1 4.75% $5,009
MOVEMENT MORTGAGE, LLC 1 5.63% $2,070

The top Mount Airy VA lender as defined by loan originations is Mortgage Research Center, LLC, with 23 VA loans originated. Their average total fees are $5,847, which is $4,428 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Mount Airy VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,847), .

The lowest rate Mount Airy VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (5.18%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Mount Airy (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 $161,175 (1.1%) $259,624 (11.0%) 0.00 243
2018-02-01 $160,425 (4.6%) $269,994 (19.3%) 0.00 242
2018-03-01 $185,250 (22.3%) $281,341 (22.9%) 0.00 242
2018-04-01 $192,860 (20.6%) $289,389 (20.2%) 0.00 239
2018-05-01 $218,675 (28.7%) $297,304 (19.0%) 0.00 239
2018-06-01 $199,450 (15.7%) $285,622 (11.4%) 0.00 238
2018-07-01 $184,350 (2.5%) $259,159 (1.4%) 0.00 248
2018-08-01 $165,925 (-10.3%) $239,215 (-6.1%) 0.00 193
2018-09-01 $189,450 (5.3%) $253,577 (-6.7%) 0.00 175
2018-10-01 $179,475 (3.2%) $245,943 (-7.6%) 0.00 177
2018-11-01 $189,000 (11.2%) $256,218 (-1.2%) 0.00 159
2018-12-01 $189,450 (5.3%) $266,243 (1.0%) 0.00 143
2019-01-01 $195,925 (21.6%) $267,679 (3.6%) 0.00 143
2019-02-01 $191,900 (19.6%) $269,452 (1.5%) 0.00 141
2019-03-01 $206,371 (11.4%) $271,788 (-1.6%) 0.00 143
2019-04-01 $213,921 (10.9%) $278,225 (-2.3%) 0.00 147
2019-05-01 $215,000 (-1.7%) $277,604 (-6.7%) 0.00 149
2019-06-01 $204,900 (2.7%) $289,405 (1.5%) 0.00 143
2019-07-01 $199,325 (8.1%) $273,728 (5.4%) 0.00 157
2019-08-01 $198,359 (19.6%) $273,591 (12.7%) 0.00 154
2019-09-01 $197,848 (4.4%) $276,538 (7.3%) 0.00 151
2019-10-01 $201,232 (12.1%) $284,288 (13.0%) 0.00 147
2019-11-01 $199,999 (5.8%) $301,954 (15.8%) 0.00 147
2019-12-01 $219,450 (15.8%) $302,161 (10.8%) 0.00 136
2020-01-01 $192,400 (-1.8%) $301,927 (11.4%) 0.00 130
2020-02-01 $189,900 (-1.0%) $285,010 (4.8%) 0.00 133
2020-03-01 $199,950 (-3.1%) $286,727 (4.6%) 0.00 123
2020-04-01 $217,450 (1.7%) $299,492 (6.9%) 0.00 121
2020-05-01 $229,900 (6.9%) $305,226 (11.4%) 0.00 112
2020-06-01 $247,450 (20.8%) $344,253 (20.0%) 0.00 108
2020-07-01 $242,925 (21.9%) $327,286 (19.1%) 0.00 114
2020-08-01 $239,000 (20.5%) $337,159 (22.5%) 0.00 107
2020-09-01 $238,675 (20.6%) $334,358 (22.1%) 0.00 101
2020-10-01 $251,855 (25.2%) $348,292 (22.9%) 0.00 94
2020-11-01 $241,300 (20.7%) $340,198 (12.6%) 0.00 92
2020-12-01 $199,900 (-8.9%) $320,487 (6.8%) 0.00 78
2021-01-01 $227,450 (18.2%) $346,839 (17.1%) 0.00 63
2021-02-01 $263,475 (38.7%) $360,935 (31.9%) 0.00 58
2021-03-01 $266,350 (33.2%) $380,219 (38.3%) 0.00 52
2021-04-01 $257,400 (18.4%) $388,227 (34.7%) 0.00 53
2021-05-01 $249,000 (8.3%) $360,177 (22.1%) 0.00 65
2021-06-01 $257,400 (4.0%) $379,835 (12.9%) 0.00 71
2021-07-01 $244,900 (0.8%) $380,932 (19.6%) 0.00 79
2021-08-01 $251,750 (5.3%) $355,332 (9.1%) 0.00 90
2021-09-01 $258,800 (8.4%) $356,882 (9.1%) 0.00 88
2021-10-01 $259,900 (3.2%) $362,545 (7.4%) 0.00 83
2021-11-01 $217,423 (-9.9%) $327,529 (-0.6%) 0.00 79
2021-12-01 $212,000 (6.1%) $318,446 (1.5%) 0.00 69
2022-01-01 $236,000 (3.8%) $324,053 (-5.8%) 0.00 56
2022-02-01 $238,675 (-9.4%) $331,303 (-8.5%) 0.00 53
2022-03-01 $229,450 (-13.9%) $349,483 (-7.0%) 0.00 43
2022-04-01 $219,500 (-14.7%) $300,468 (-19.7%) 0.00 40
2022-05-01 $218,450 (-12.3%) $298,067 (-14.4%) 0.00 43
2022-06-01 $256,700 (-0.3%) $331,897 (-10.5%) 0.00 67
2022-07-01 $293,000 (19.6%) $348,041 (-7.9%) 0.00 76
2022-08-01 $295,000 (17.2%) $389,123 (5.5%) 0.00 88
2022-09-01 $272,450 (5.3%) $356,759 (-4.4%) 0.00 100
2022-10-01 $269,000 (3.5%) $368,523 (-2.9%) 0.00 102
2022-11-01 $285,975 (31.5%) $368,067 (7.8%) 0.00 101
2022-12-01 $275,500 (30.0%) $348,445 (5.3%) 0.00 93
2023-01-01 $277,750 (17.7%) $349,752 (4.3%) 0.00 84
2023-02-01 $274,900 (15.2%) $340,632 (-1.7%) 0.00 76
2023-03-01 $283,200 (23.4%) $349,657 (-6.0%) 0.00 67
2023-04-01 $289,900 (32.1%) $357,186 (9.8%) 0.00 59
2023-05-01 $282,400 (29.3%) $358,597 (10.9%) 0.00 56
2023-06-01 $287,400 (12.0%) $363,768 (3.5%) 0.00 57
2023-07-01 $257,000 (-12.3%) $338,811 (-7.4%) 0.00 72
2023-08-01 $296,725 (0.6%) $362,308 (-7.8%) 0.00 75
2023-09-01 $310,000 (13.8%) $381,502 (6.2%) 0.00 69
2023-10-01 $299,500 (11.3%) $387,562 (4.5%) 0.00 83
2023-11-01 $299,450 (4.7%) $382,577 (3.2%) 0.00 101
2023-12-01 $292,450 (6.2%) $377,663 (0.0%) 0.00 97
Mount Airy's median listing price for 2023-12-01 was $292,450, a difference of $16,950 (6.2%) versus the prior year and $-7,000 versus the prior month.

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

Mount Airy's average listing price for 2023-12-01 was $377,663, a difference of $29,218 (0.0%) versus the prior year and $-4,914 versus the prior month.

For the 2023-12-01 period, Mount Airy had 97 MLS listings, a difference of -4 listings (-4%) versus the prior month and 4 listings (4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Mount Airy (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,983 sqft
2018-02-01 0 days 1,826 sqft
2018-03-01 0 days 1,900 sqft
2018-04-01 0 days 2,007 sqft
2018-05-01 0 days 2,068 sqft
2018-06-01 0 days 2,055 sqft
2018-07-01 0 days 2,012 sqft
2018-08-01 0 days 1,942 sqft
2018-09-01 0 days 1,971 sqft
2018-10-01 0 days 1,977 sqft
2018-11-01 0 days 1,993 sqft
2018-12-01 0 days 1,987 sqft
2019-01-01 0 days 1,987 sqft
2019-02-01 0 days 2,053 sqft
2019-03-01 0 days 2,075 sqft
2019-04-01 0 days 2,032 sqft
2019-05-01 0 days 2,047 sqft
2019-06-01 0 days 2,315 sqft
2019-07-01 0 days 2,184 sqft
2019-08-01 0 days 2,432 sqft
2019-09-01 0 days 2,326 sqft
2019-10-01 0 days 2,179 sqft
2019-11-01 0 days 2,042 sqft
2019-12-01 0 days 1,985 sqft
2020-01-01 0 days 1,993 sqft
2020-02-01 0 days 2,924 sqft
2020-03-01 0 days 2,344 sqft
2020-04-01 0 days 2,904 sqft
2020-05-01 0 days 2,924 sqft
2020-06-01 0 days 2,508 sqft
2020-07-01 0 days 2,426 sqft
2020-08-01 0 days 2,426 sqft
2020-09-01 0 days 2,380 sqft
2020-10-01 0 days 3,168 sqft
2020-11-01 0 days 2,428 sqft
2020-12-01 0 days 2,333 sqft
2021-01-01 0 days 2,396 sqft
2021-02-01 0 days 2,472 sqft
2021-03-01 0 days 2,464 sqft
2021-04-01 0 days 2,180 sqft
2021-05-01 0 days 2,422 sqft
2021-06-01 0 days 2,561 sqft
2021-07-01 0 days 2,561 sqft
2021-08-01 0 days 3,506 sqft
2021-09-01 0 days 3,506 sqft
2021-10-01 0 days 3,518 sqft
2021-11-01 0 days 2,402 sqft
2021-12-01 0 days 2,161 sqft
2022-01-01 0 days 2,134 sqft
2022-02-01 0 days 1,970 sqft
2022-03-01 0 days 1,727 sqft
2022-04-01 0 days 1,764 sqft
2022-05-01 0 days 1,982 sqft
2022-06-01 0 days 2,411 sqft
2022-07-01 0 days 2,285 sqft
2022-08-01 0 days 1,995 sqft
2022-09-01 0 days 1,782 sqft
2022-10-01 0 days 1,534 sqft
2022-11-01 0 days 1,824 sqft
2022-12-01 0 days 1,474 sqft
2023-01-01 0 days 1,554 sqft
2023-02-01 0 days 1,457 sqft
2023-03-01 0 days 1,880 sqft
2023-04-01 0 days 2,025 sqft
2023-05-01 0 days 2,068 sqft
2023-06-01 0 days 1,600 sqft
2023-07-01 0 days 1,518 sqft
2023-08-01 0 days 1,559 sqft
2023-09-01 0 days 1,518 sqft
2023-10-01 0 days 1,532 sqft
2023-11-01 0 days 1,630 sqft
2023-12-01 0 days 1,799 sqft
Mount Airy's median listing age (time on market) for 2023-12-01 was 0 days.

Mount Airy's median square footage for active listings during the 2023-12-01 period was 1,799 sqft. One year prior, the average listing was 1,474 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.