New Bern VA Loan Rates, Closing Costs & Stats
NEW BERN, 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.
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
0.13%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
New Bern's average VA mortgage closing costs are $5,656.
The average rate for the prior week (2025-06-13) was
6.57% and
one month ago for the week of 2025-05-16, the
average rate was 6.83%.
The average rate one year ago was 6.63%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.02%.
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%).
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.