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.