Mount Airy VA Loan Rates, Closing Costs & Stats

Mount Airy, 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.

    Mount Airy's 32 lenders originated 78 VA loans during 2024. The total origination value was $22,080,000, with an average VA loan value of $283,077.

    Mount Airy VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Mount Airy averaged 6.83% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Mount Airy's average VA mortgage closing costs are $5,212.

    The average rate for the prior week (2025-07-04) was 6.64% and one month ago for the week of 2025-06-06, the average rate was 7.02%.

    The average rate one year ago was 7.04%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.86%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 23 6.49% $6,084
    QUICKEN LOANS, LLC 7 6.28% $11,189
    NAVY FEDERAL CREDIT UNION 4 5.91% $2,932
    PENNYMAC LOAN SERVICES, LLC 3 5.88% $7,670
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.50% $4,734
    UNITED WHOLESALE MORTGAGE, LLC 2 5.50% $3,242
    LOANDEPOT.COM, LLC 2 5.44% $9,445
    CROSSCOUNTRY MORTGAGE, LLC 2 6.50% $7,646
    EMM LOANS LLC 2 6.56% $10,318
    Mid-Continent Funding, Inc. 2 6.00% $6,576
    NEW DAY FINANCIAL, LLC 2 7.87% $12,088
    MOVEMENT MORTGAGE, LLC 1 6.25% $3,896
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $15,377
    PLANET HOME LENDING, LLC 1 6.75% $3,804
    PLAZA HOME MORTGAGE, INC. 1 5.13% $4,423
    Renasant Bank 1 6.99% $5,809
    SUMMIT FUNDING, INC. 1 6.13% $4,759
    The Federal Savings Bank 1 6.25% $18,295
    TOWNE MORTGAGE COMPANY 1 6.75% $4,961
    United Community Bank 1 6.25% $6,618
    USAA Federal Savings Bank 1 5.75% $10,123
    VILLAGE CAPITAL MORTGAGE 1 5.75% $3,090
    Atlantic Coast Mortgage, LLC 1 6.13% $3,586
    CALCON MUTUAL MORTGAGE LLC 1 7.00% $15,645
    Carrington Mortgage Services, LLC 1 6.75% $3,529
    ENVOY MORTGAGE, LTD 1 7.13% $8,563
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.99% $8,717
    FREEDOM MORTGAGE CORPORATION 1 6.25% $3,025
    GUARANTEED RATE, INC. 1 5.99% $9,990
    INTERCOASTAL MORTGAGE COMPANY 1 6.25% $9,826
    Keystone Funding, Inc. 1 7.13% $13,828
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.50% $0

    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 $6,084, which is $5,104 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 ($6,084), .

    The lowest rate Mount Airy VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.49%), .

    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.