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 705 VA loans during 2023. The total origination value was $207,185,000, with an average VA loan value of $293,879.

    New Bern VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in New Bern averaged -0.16% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    New Bern's average VA mortgage closing costs are $5,394.

    The average rate for the prior week (2024-11-08) was 6.45% and one month ago for the week of 2024-10-11, the average rate was 5.91%.

    The average rate one year ago was 7%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.53%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    NAVY FEDERAL CREDIT UNION 99 5.95% $5,166
    Mortgage Research Center, LLC 94 6.71% $7,117
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 81 6.56% $8,881
    GUARANTEED RATE, INC. 46 6.32% $6,277
    MOVEMENT MORTGAGE, LLC 41 6.36% $8,830
    UNITED WHOLESALE MORTGAGE, LLC 28 6.33% $8,832
    QUICKEN LOANS, LLC 26 6.38% $8,827
    DHI MORTGAGE COMPANY, LTD. 25 5.43% $6,274
    FREEDOM MORTGAGE CORPORATION 18 6.55% $13,807
    PENNYMAC LOAN SERVICES, LLC 17 5.51% $7,713
    USAA Federal Savings Bank 15 6.37% $7,641
    American Security Mortgage Corp. 14 6.06% $8,581
    NEW DAY FINANCIAL, LLC 10 7.23% $12,147
    The Federal Savings Bank 10 6.21% $13,493
    Nations Lending Corporation 9 6.39% $5,238
    LOANDEPOT.COM, LLC 8 6.53% $6,953
    INTERCOASTAL MORTGAGE COMPANY 7 6.68% $6,782
    GUILD MORTGAGE COMPANY 7 6.57% $6,563
    NEWREZ LLC 6 6.56% $5,098
    Corporate Investors Mortgage Group, Inc. 6 6.33% $15,011
    CROSSCOUNTRY MORTGAGE, LLC 5 7.24% $7,399
    Barrington Bank & Trust Company, N.A. 4 6.25% $11,079
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.50% $3,575
    CMG MORTGAGE, INC. 4 5.88% $7,987
    SWBC MORTGAGE CORPORATION 4 6.50% $6,526
    Wells Fargo Bank 4 5.72% $7,591
    PENTAGON FEDERAL CREDIT UNION 4 5.88% $7,785
    Paramount Residential Mortgage Group, Inc. 3 6.29% $7,656
    Truist 3 6.12% $3,544
    CARDINAL FINANCIAL 3 7.25% $7,463
    VILLAGE CAPITAL MORTGAGE 3 5.54% $8,589
    Mr. Cooper ( Nationstar Mortgage ) 3 5.67% $11,577
    Mid-Continent Funding, Inc. 3 6.75% $4,006
    SOUTHERN TRUST MORTGAGE, LLC 2 6.50% $11,962
    BROKER SOLUTIONS, INC. 2 6.44% $14,357
    First-Citizens Bank & Trust Company 2 6.31% $5,548
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.81% $10,675
    Magnolia Bank 2 6.50% $13,814
    NFM, INC. 2 6.56% $8,259
    Plains Commerce Bank 2 5.13% $8,129
    PLAZA HOME MORTGAGE, INC. 2 5.75% $2,512
    RELIANCE FIRST CAPITAL, LLC 2 7.00% $7,114
    SeaTrust Mortgage Company 2 6.75% $7,765
    CONTOUR MORTGAGE CORPORATION 1 7.75% $14,235
    North American Savings Bank, F.S.B. 1 5.75% $15,569
    Old National Bank 1 5.63% $3,208
    ON Q FINANCIAL, INC. 1 6.75% $3,337
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $6,481
    F&M Bank 1 6.13% $11,408
    First Heritage Mortgage, LLC 1 7.00% $12,578
    PHH Mortgage Corporation 1 6.00% $14,577
    City National Bank of Florida 1 5.75% $5,667
    PLANET HOME LENDING, LLC 1 5.99% $1,428
    VELOCIO MORTGAGE L.L.C. 1 5.99% $3,798
    PNC Bank 1 6.00% $6,844
    Prosperity Home Mortgage, LLC 1 6.63% $2,191
    FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $17,528
    CALIBER HOME LOANS, INC. 1 6.13% $12,526
    RESIDENTIAL BANCORP 1 6.75% $7,651
    AMERISAVE MORTGAGE CORPORATION 1 6.50% $9,049
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $15,683
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.99% $11,416
    SUN WEST MORTGAGE COMPANY, INC. 1 6.88% $11,658
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.49% $2,095
    T2 FINANCIAL LLC 1 7.00% $4,813
    The Central Trust Bank 1 4.75% $12,090
    Encompass Lending Group, LP 1 6.13% $7,791
    The Freedom Bank of Virginia 1 5.75% $3,759
    THRIVE MORTGAGE, LLC 1 4.00% $10,281
    Towne Bank 1 5.75% $21,491
    TOWNE MORTGAGE COMPANY 1 6.25% $2,747
    CORNERSTONE HOME LENDING, INC. 1 6.50% $7,956
    UNION HOME MORTGAGE CORP. 1 5.63% $8,274
    United Fidelity Funding Corp. 1 6.38% $10,990
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $7,480
    JPMorgan Chase Bank 1 6.13% $9,154
    Integrity Home Mortgage Corp 1 6.63% $29,798
    HOMESIDE FINANCIAL, LLC 1 7.25% $3,850
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $6,016

    The top New Bern VA lender as defined by loan originations is NAVY FEDERAL CREDIT UNION, with 99 VA loans originated. Their average total fees are $5,166, which is $1,952 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee New Bern VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,166), DHI MORTGAGE COMPANY, LTD. ($6,274), GUARANTEED RATE, INC. ($6,277), Mortgage Research Center, LLC ($7,117) and USAA Federal Savings Bank ($7,641).

    The lowest rate New Bern VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.43%), PENNYMAC LOAN SERVICES, LLC (5.51%), NAVY FEDERAL CREDIT UNION (5.95%), American Security Mortgage Corp. (6.06%) and The Federal Savings Bank (6.21%).

    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 $329,595 (10.2%) $417,244 (7.1%) 0.00 260
    2022-12-01 $325,450 (5.0%) $406,299 (2.1%) 0.00 248
    2023-01-01 $325,450 (5.8%) $404,534 (-1.1%) 0.00 242
    2023-02-01 $338,500 (7.7%) $413,078 (1.8%) 0.00 227
    2023-03-01 $347,060 (9.3%) $410,914 (-2.2%) 0.00 209
    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%) 0.00 281
    2023-06-01 $369,648 (13.7%) $427,730 (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 $365,123 (10.8%) $422,084 (1.2%) 0.00 440
    2023-12-01 $356,000 (9.4%) $405,863 (-0.1%) 0.00 443
    2024-01-01 $359,725 (10.5%) $425,438 (5.2%) 0.00 442
    2024-02-01 $355,950 (5.2%) $420,125 (1.7%) 0.00 431
    2024-03-01 $354,460 (2.1%) $426,693 (3.8%) 0.00 432
    2024-04-01 $351,975 (-2.2%) $426,477 (-0.8%) 0.00 401
    2024-05-01 $350,275 (-3.4%) $420,755 (-2.0%) 0.00 382
    2024-06-01 $357,550 (-3.3%) $445,663 (4.2%) 0.00 387
    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
    New Bern's median listing price for 2024-10-01 was $350,388, a difference of $-19,062 (-5.2%) versus the prior year and $2,148 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 2024-10-01 was $440,337, a difference of $19,768 (4.7%) versus the prior year and $936 versus the prior month.

    For the 2024-10-01 period, New Bern had 424 MLS listings, a difference of -8 listings (-2%) versus the prior month and 41 listings (11%) 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 1,944 sqft
    2022-12-01 0 days 1,936 sqft
    2023-01-01 0 days 1,904 sqft
    2023-02-01 0 days 1,917 sqft
    2023-03-01 0 days 1,933 sqft
    2023-04-01 0 days 1,978 sqft
    2023-05-01 0 days 1,972 sqft
    2023-06-01 0 days 2,006 sqft
    2023-07-01 0 days 1,987 sqft
    2023-08-01 0 days 1,972 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 1,927 sqft
    2024-01-01 0 days 1,911 sqft
    2024-02-01 0 days 1,918 sqft
    2024-03-01 0 days 1,941 sqft
    2024-04-01 0 days 1,951 sqft
    2024-05-01 0 days 1,936 sqft
    2024-06-01 0 days 1,940 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
    New Bern's median listing age (time on market) for 2024-10-01 was 0 days.

    New Bern's median square footage for active listings during the 2024-10-01 period was 1,901 sqft. One year prior, the average listing was 1,984 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.