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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.