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 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 0.14% for the week of 2024-11-29, 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 (2024-11-22) was 6.61% and one month ago for the week of 2024-10-25, the average rate was 6%.

The average rate one year ago was 6.85%.

For refis of the same type during the week of 2024-11-29, 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.