New Bern VA Loan Rates, Closing Costs & Stats

NEW BERN, 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.

    New Bern's 79 lenders originated 944 VA loans during 2024. The total origination value was $290,830,000, with an average VA loan value of $308,083.

    New Bern VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in New Bern averaged 6.29% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    New Bern's average VA mortgage closing costs are $5,656.

    The average rate for the prior week (2025-03-28) was 6.61% and one month ago for the week of 2025-02-28, the average rate was 6.48%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.04%.

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

    New Bern 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 New Bern level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 124 6.44% $6,791
    NAVY FEDERAL CREDIT UNION 114 5.88% $5,739
    DHI MORTGAGE COMPANY, LTD. 84 5.38% $7,675
    QUICKEN LOANS, LLC 61 6.16% $9,401
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 61 6.46% $7,640
    UNITED WHOLESALE MORTGAGE, LLC 55 5.82% $7,981
    FREEDOM MORTGAGE CORPORATION 45 6.33% $8,597
    GUARANTEED RATE, INC. 43 6.01% $6,100
    PENNYMAC LOAN SERVICES, LLC 27 5.63% $7,952
    MOVEMENT MORTGAGE, LLC 24 6.40% $9,337
    American Security Mortgage Corp. 23 6.01% $8,032
    GUILD MORTGAGE COMPANY 19 6.41% $8,015
    NEW DAY FINANCIAL, LLC 17 7.51% $10,288
    VILLAGE CAPITAL MORTGAGE 14 5.60% $6,473
    LOANDEPOT.COM, LLC 12 6.21% $7,757
    NEWREZ LLC 12 6.06% $6,981
    USAA Federal Savings Bank 10 6.18% $7,412
    CMG MORTGAGE, INC. 5 6.03% $7,950
    PLANET HOME LENDING, LLC 5 5.92% $5,306
    UNION HOME MORTGAGE CORP. 5 6.55% $3,708
    Integrity Home Mortgage Corp 5 6.48% $4,156
    Mr. Cooper ( Nationstar Mortgage ) 5 6.25% $6,032
    NBKC BANK 4 5.94% $3,995
    INTERCOASTAL MORTGAGE COMPANY 4 6.47% $3,163
    LAKEVIEW LOAN SERVICING, LLC 4 5.63% $3,968
    CROSSCOUNTRY MORTGAGE, LLC 4 6.25% $10,369
    The Federal Savings Bank 4 6.72% $12,040
    Atlantic Coast Mortgage, LLC 3 6.29% $11,161
    RELIANCE FIRST CAPITAL, LLC 3 6.63% $8,116
    First-Citizens Bank & Trust Company 3 6.04% $4,517
    Corporate Investors Mortgage Group, Inc. 3 6.25% $7,291
    RADIUS FINANCIAL GROUP INC. 3 6.67% $7,769
    Prosperity Home Mortgage, LLC 3 6.54% $12,956
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.42% $4,278
    FBC MORTGAGE, LLC 3 5.29% $8,951
    CLEARPATH LENDING 3 5.42% $10,246
    VELOCIO MORTGAGE L.L.C. 3 6.42% $5,409
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.25% $11,479
    Mid-Continent Funding, Inc. 2 5.94% $8,124
    Towne Bank 2 5.94% $10,325
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.81% $20,156
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.50% $11,181
    PLAZA HOME MORTGAGE, INC. 2 6.13% $6,573
    United Bank 2 6.38% $6,034
    Armed Forces Bank 2 6.56% $12,944
    HOMESIDE FINANCIAL, LLC 2 6.44% $12,116
    Equity Prime Mortgage LLC 2 7.13% $6,881
    PENTAGON FEDERAL CREDIT UNION 2 5.88% $12,650
    First Heritage Mortgage, LLC 2 5.69% $7,015
    T2 FINANCIAL LLC 2 6.75% $14,116
    Wells Fargo Bank 1 7.00% $10,294
    ALLIANT CREDIT UNION 1 5.75% $14,331
    AMERISAVE MORTGAGE CORPORATION 1 4.75% $34,462
    Barrington Bank & Trust Company, N.A. 1 6.75% $9,886
    CALCON MUTUAL MORTGAGE LLC 1 5.88% $12,311
    CAPITAL CENTER, L.L.C. 1 7.13% $7,071
    Carrington Mortgage Services, LLC 1 5.88% $4,945
    Commerce Home Mortgage, Inc. 1 5.63% $3,862
    CORNERSTONE HOME LENDING, INC. 1 5.25% $6,719
    Farmers Bank & Trust 1 6.25% $6,989
    First Federal Bank, A FSB 1 6.13% $8,047
    F & M BANK CORP. 1 7.25% $6,912
    GARDNER FINANCIAL SERVICES, LTD. 1 7.13% $10,110
    GoPrime Mortgage, Inc. 1 5.75% $2,808
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $5,801
    JPMorgan Chase Bank 1 4.88% $6,130
    MLD MORTGAGE INC. 1 6.25% $12,491
    MORTGAGEONE, INC. 1 6.50% $9,723
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $6,757
    NORWICH COMMERCIAL GROUP, INC. 1 6.00% $5,042
    PHH Mortgage Corporation 1 5.99% $4,663
    Plains Commerce Bank 1 6.88% $9,293
    RAPID MORTGAGE COMPANY 1 6.63% $2,456
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.75% $4,421
    Southern Bank and Trust Company 1 6.25% $694
    SWBC MORTGAGE CORPORATION 1 6.25% $4,448
    The Camden National Bank 1 5.63% $3,245
    TOP FLITE FINANCIAL, INC. 1 7.25% $22,692
    Truist 1 5.75% $5,589

    The top New Bern VA lender as defined by loan originations is Mortgage Research Center, LLC, with 124 VA loans originated. Their average total fees are $6,791, which is $1,052 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee New Bern VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,739), GUARANTEED RATE, INC. ($6,100), VILLAGE CAPITAL MORTGAGE ($6,473), Mortgage Research Center, LLC ($6,791) and NEWREZ LLC ($6,981).

    The lowest rate New Bern VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.38%), VILLAGE CAPITAL MORTGAGE (5.60%), PENNYMAC LOAN SERVICES, LLC (5.63%), UNITED WHOLESALE MORTGAGE, LLC (5.82%) and NAVY FEDERAL CREDIT UNION (5.88%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - New Bern (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 $194,925 (6.2%) $246,422 (3.1%) 0.00 758
    2018-02-01 $192,700 (-2.4%) $242,828 (-2.6%) 0.00 748
    2018-03-01 $195,900 (-5.1%) $249,954 (-1.6%) 0.00 750
    2018-04-01 $198,725 (-3.8%) $255,124 (-0.7%) 0.00 791
    2018-05-01 $198,475 (-4.4%) $252,696 (-3.7%) 0.00 831
    2018-06-01 $200,000 (-4.1%) $256,215 (-2.8%) 0.00 837
    2018-07-01 $208,850 (2.4%) $254,440 (-3.2%) 0.00 819
    2018-08-01 $207,450 (1.2%) $256,363 (-3.4%) 0.00 810
    2018-09-01 $206,250 (3.1%) $256,815 (-2.9%) 0.00 749
    2018-10-01 $209,875 (3.9%) $260,439 (-3.7%) 0.00 582
    2018-11-01 $214,100 (7.6%) $261,450 (2.4%) 0.00 535
    2018-12-01 $218,250 (11.9%) $262,666 (6.3%) 0.00 498
    2019-01-01 $223,380 (14.6%) $262,544 (6.5%) 0.00 454
    2019-02-01 $229,088 (18.9%) $274,253 (12.9%) 0.00 456
    2019-03-01 $232,657 (18.8%) $281,231 (12.5%) 0.00 520
    2019-04-01 $236,908 (19.2%) $286,539 (12.3%) 0.00 566
    2019-05-01 $242,705 (22.3%) $294,889 (16.7%) 0.00 598
    2019-06-01 $242,610 (21.3%) $293,590 (14.6%) 0.00 670
    2019-07-01 $239,950 (14.9%) $292,142 (14.8%) 0.00 718
    2019-08-01 $237,173 (14.3%) $288,121 (12.4%) 0.00 737
    2019-09-01 $233,082 (13.0%) $284,637 (10.8%) 0.00 738
    2019-10-01 $230,400 (9.8%) $283,346 (8.8%) 0.00 733
    2019-11-01 $229,900 (7.4%) $284,877 (9.0%) 0.00 740
    2019-12-01 $225,000 (3.1%) $284,987 (8.5%) 0.00 716
    2020-01-01 $225,000 (0.7%) $284,623 (8.4%) 0.00 688
    2020-02-01 $229,900 (0.4%) $289,513 (5.6%) 0.00 675
    2020-03-01 $235,000 (1.0%) $297,217 (5.7%) 0.00 658
    2020-04-01 $236,625 (-0.1%) $294,566 (2.8%) 0.00 675
    2020-05-01 $241,900 (-0.3%) $305,849 (3.7%) 0.00 628
    2020-06-01 $249,400 (2.8%) $317,873 (8.3%) 0.00 565
    2020-07-01 $246,300 (2.7%) $319,337 (9.3%) 0.00 530
    2020-08-01 $248,850 (4.9%) $320,702 (11.3%) 0.00 461
    2020-09-01 $249,000 (6.8%) $329,249 (15.7%) 0.00 405
    2020-10-01 $245,000 (6.3%) $331,698 (17.1%) 0.00 398
    2020-11-01 $247,000 (7.4%) $335,307 (17.7%) 0.00 391
    2020-12-01 $239,000 (6.2%) $326,890 (14.7%) 0.00 361
    2021-01-01 $239,890 (6.6%) $329,185 (15.7%) 0.00 313
    2021-02-01 $257,438 (12.0%) $346,731 (19.8%) 0.00 292
    2021-03-01 $257,700 (9.7%) $334,155 (12.4%) 0.00 278
    2021-04-01 $264,760 (11.9%) $332,957 (13.0%) 0.00 268
    2021-05-01 $280,900 (16.1%) $352,412 (15.2%) 0.00 259
    2021-06-01 $280,400 (12.4%) $346,973 (9.2%) 0.00 253
    2021-07-01 $273,450 (11.0%) $341,497 (6.9%) 0.00 271
    2021-08-01 $275,450 (10.7%) $343,858 (7.2%) 0.00 276
    2021-09-01 $273,368 (9.8%) $350,128 (6.3%) 0.00 251
    2021-10-01 $289,925 (18.3%) $370,371 (11.7%) 0.00 253
    2021-11-01 $299,225 (21.1%) $389,577 (16.2%) 0.00 232
    2021-12-01 $310,000 (29.7%) $398,072 (21.8%) 0.00 219
    2022-01-01 $307,500 (28.2%) $409,097 (24.3%) 0.00 192
    2022-02-01 $314,233 (22.1%) $405,665 (17.0%) 0.00 158
    2022-03-01 $317,500 (23.2%) $420,079 (25.7%) 0.00 140
    2022-04-01 $311,000 (17.5%) $420,612 (26.3%) 0.00 145
    2022-05-01 $325,000 (15.7%) $419,810 (19.1%) 0.00 170
    2022-06-01 $325,225 (16.0%) $422,196 (21.7%) 0.00 200
    2022-07-01 $329,950 (20.7%) $421,787 (23.5%) 0.00 255
    2022-08-01 $334,025 (21.3%) $405,819 (18.0%) 0.00 249
    2022-09-01 $335,500 (22.7%) $410,582 (17.3%) 0.00 245
    2022-10-01 $330,990 (14.2%) $406,553 (9.8%) 0.00 256
    2022-11-01 $328,648 (9.8%) $416,224 (6.8%) 0.00 259
    2022-12-01 $325,000 (4.8%) $405,860 (2.0%) 0.00 247
    2023-01-01 $325,220 (5.8%) $404,120 (-1.2%) 0.00 241
    2023-02-01 $337,250 (7.3%) $412,751 (1.8%) 0.00 226
    2023-03-01 $346,620 (9.2%) $410,557 (-2.3%) 0.00 208
    2023-04-01 $359,750 (15.7%) $430,049 (2.2%) 0.00 223
    2023-05-01 $362,498 (11.5%) $429,311 (2.3%) 0.00 282
    2023-06-01 $369,598 (13.6%) $427,453 (1.3%) 0.00 339
    2023-07-01 $355,000 (7.6%) $418,094 (-0.9%) 0.00 328
    2023-08-01 $359,888 (7.7%) $424,160 (4.5%) 0.00 340
    2023-09-01 $362,700 (8.1%) $424,926 (3.5%) 0.00 339
    2023-10-01 $369,450 (11.6%) $420,569 (3.5%) 0.00 383
    2023-11-01 $363,873 (10.7%) $422,003 (1.4%) 0.00 440
    2023-12-01 $356,000 (9.5%) $405,546 (-0.1%) 0.00 443
    2024-01-01 $360,000 (10.7%) $425,760 (5.4%) 0.00 442
    2024-02-01 $355,950 (5.5%) $420,125 (1.8%) 0.00 431
    2024-03-01 $354,460 (2.3%) $426,693 (3.9%) 0.00 432
    2024-04-01 $351,500 (-2.3%) $426,514 (-0.8%) 0.00 401
    2024-05-01 $349,500 (-3.6%) $419,754 (-2.2%) 0.00 383
    2024-06-01 $356,550 (-3.5%) $442,549 (3.5%) 0.00 386
    2024-07-01 $355,510 (0.1%) $439,692 (5.2%) 0.00 412
    2024-08-01 $354,050 (-1.6%) $442,741 (4.4%) 0.00 407
    2024-09-01 $348,240 (-4.0%) $439,401 (3.4%) 0.00 432
    2024-10-01 $350,388 (-5.2%) $440,337 (4.7%) 0.00 424
    2024-11-01 $354,425 (-2.6%) $439,405 (4.1%) 0.00 442
    2024-12-01 $356,275 (0.1%) $426,475 (5.2%) 0.00 427
    2025-01-01 $357,725 (-0.6%) $437,767 (2.8%) 0.00 384
    2025-02-01 $354,863 (-0.3%) $440,766 (4.9%) 0.00 422
    2025-03-01 $350,500 (-1.1%) $432,417 (1.3%) 0.00 454
    New Bern's median listing price for 2025-03-01 was $350,500, a difference of $-3,960 (-1.1%) versus the prior year and $-4,363 versus the prior month.

    New Bern's median listing price comes in at 0% of the national average.

    New Bern's average listing price for 2025-03-01 was $432,417, a difference of $5,724 (1.3%) versus the prior year and $-8,349 versus the prior month.

    For the 2025-03-01 period, New Bern had 454 MLS listings, a difference of 32 listings (8%) versus the prior month and 22 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - New Bern (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,888 sqft
    2018-02-01 0 days 1,869 sqft
    2018-03-01 0 days 1,865 sqft
    2018-04-01 0 days 1,850 sqft
    2018-05-01 0 days 1,854 sqft
    2018-06-01 0 days 1,836 sqft
    2018-07-01 0 days 1,838 sqft
    2018-08-01 0 days 1,834 sqft
    2018-09-01 0 days 1,836 sqft
    2018-10-01 0 days 1,855 sqft
    2018-11-01 0 days 1,900 sqft
    2018-12-01 0 days 1,902 sqft
    2019-01-01 0 days 1,906 sqft
    2019-02-01 0 days 1,945 sqft
    2019-03-01 0 days 1,955 sqft
    2019-04-01 0 days 1,942 sqft
    2019-05-01 0 days 1,980 sqft
    2019-06-01 0 days 1,990 sqft
    2019-07-01 0 days 1,961 sqft
    2019-08-01 0 days 1,941 sqft
    2019-09-01 0 days 1,948 sqft
    2019-10-01 0 days 1,952 sqft
    2019-11-01 0 days 1,950 sqft
    2019-12-01 0 days 1,933 sqft
    2020-01-01 0 days 1,913 sqft
    2020-02-01 0 days 1,928 sqft
    2020-03-01 0 days 1,940 sqft
    2020-04-01 0 days 1,940 sqft
    2020-05-01 0 days 1,950 sqft
    2020-06-01 0 days 1,999 sqft
    2020-07-01 0 days 1,937 sqft
    2020-08-01 0 days 1,919 sqft
    2020-09-01 0 days 1,948 sqft
    2020-10-01 0 days 1,955 sqft
    2020-11-01 0 days 1,908 sqft
    2020-12-01 0 days 1,835 sqft
    2021-01-01 0 days 1,815 sqft
    2021-02-01 0 days 1,873 sqft
    2021-03-01 0 days 1,902 sqft
    2021-04-01 0 days 1,892 sqft
    2021-05-01 0 days 1,917 sqft
    2021-06-01 0 days 1,915 sqft
    2021-07-01 0 days 1,900 sqft
    2021-08-01 0 days 1,885 sqft
    2021-09-01 0 days 1,847 sqft
    2021-10-01 0 days 1,886 sqft
    2021-11-01 0 days 1,925 sqft
    2021-12-01 0 days 1,980 sqft
    2022-01-01 0 days 1,936 sqft
    2022-02-01 0 days 1,922 sqft
    2022-03-01 0 days 1,927 sqft
    2022-04-01 0 days 1,877 sqft
    2022-05-01 0 days 1,956 sqft
    2022-06-01 0 days 1,955 sqft
    2022-07-01 0 days 1,975 sqft
    2022-08-01 0 days 1,937 sqft
    2022-09-01 0 days 1,986 sqft
    2022-10-01 0 days 1,968 sqft
    2022-11-01 0 days 1,940 sqft
    2022-12-01 0 days 1,936 sqft
    2023-01-01 0 days 1,903 sqft
    2023-02-01 0 days 1,919 sqft
    2023-03-01 0 days 1,936 sqft
    2023-04-01 0 days 1,978 sqft
    2023-05-01 0 days 1,969 sqft
    2023-06-01 0 days 2,006 sqft
    2023-07-01 0 days 1,987 sqft
    2023-08-01 0 days 1,975 sqft
    2023-09-01 0 days 2,000 sqft
    2023-10-01 0 days 1,984 sqft
    2023-11-01 0 days 1,982 sqft
    2023-12-01 0 days 1,926 sqft
    2024-01-01 0 days 1,911 sqft
    2024-02-01 0 days 1,918 sqft
    2024-03-01 0 days 1,940 sqft
    2024-04-01 0 days 1,950 sqft
    2024-05-01 0 days 1,931 sqft
    2024-06-01 0 days 1,939 sqft
    2024-07-01 0 days 1,911 sqft
    2024-08-01 0 days 1,902 sqft
    2024-09-01 0 days 1,873 sqft
    2024-10-01 0 days 1,901 sqft
    2024-11-01 0 days 1,902 sqft
    2024-12-01 0 days 1,895 sqft
    2025-01-01 0 days 1,902 sqft
    2025-02-01 0 days 1,882 sqft
    2025-03-01 0 days 1,855 sqft
    New Bern's median listing age (time on market) for 2025-03-01 was 0 days.

    New Bern's median square footage for active listings during the 2025-03-01 period was 1,855 sqft. One year prior, the average listing was 1,940 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.