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 94 lenders originated 1,019 VA loans during 2022. The total origination value was $274,515,000, with an average VA loan value of $269,396.

New Bern VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in New Bern averaged 6.06% for the week of 2024-02-16, compared to the national average (all VA variants) of 6.462% for the same period.

New Bern's average VA mortgage closing costs are $5,108.

The average rate for the prior week (2024-02-09) was 5.92% and one month ago for the week of 2024-01-12, the average rate was 5.87%.

The average rate one year ago was 5.74%.

For refis of the same type during the week of 2024-02-16, the average rate was 4.82%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 154 5.12% $7,099
NAVY FEDERAL CREDIT UNION 123 3.99% $6,387
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 78 4.99% $8,982
DHI MORTGAGE COMPANY, LTD. 78 4.20% $7,601
QUICKEN LOANS, LLC 59 4.45% $8,759
MOVEMENT MORTGAGE, LLC 57 4.65% $6,808
FREEDOM MORTGAGE CORPORATION 47 4.29% $8,453
GUARANTEED RATE, INC. 46 4.45% $7,371
UNITED WHOLESALE MORTGAGE, LLC 24 4.23% $7,092
USAA Federal Savings Bank 23 4.28% $8,139
American Security Mortgage Corp. 21 4.64% $7,211
PENNYMAC LOAN SERVICES, LLC 19 3.33% $5,009
NEW DAY FINANCIAL, LLC 18 4.91% $9,504
LOANDEPOT.COM, LLC 15 3.86% $5,939
UNION HOME MORTGAGE CORP. 14 4.70% $7,005
CALIBER HOME LOANS, INC. 13 4.18% $4,870
GUILD MORTGAGE COMPANY 9 4.53% $5,100
Mr. Cooper ( Nationstar Mortgage ) 9 4.22% $7,111
Alpha Mortgage Corporation 9 5.35% $8,714
The Federal Savings Bank 7 5.13% $16,815
ANGEL OAK HOME LOANS LLC 7 4.25% $6,969
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 4.28% $8,886
Wells Fargo Bank 6 4.52% $5,157
PENTAGON FEDERAL CREDIT UNION 6 3.79% $6,616
CROSSCOUNTRY MORTGAGE, LLC 6 4.71% $6,923
AMERISAVE MORTGAGE CORPORATION 5 4.18% $9,397
CLEARPATH LENDING 4 2.63% $5,391
Carrington Mortgage Services, LLC 4 5.28% $7,171
Flagstar Bank, FSB 3 4.63% $8,462
CARDINAL FINANCIAL 3 4.71% $6,859
Barrington Bank & Trust Company, N.A. 3 5.13% $5,433
Truist 3 5.03% $7,444
RELIANCE FIRST CAPITAL, LLC 3 3.71% $6,526
Atlantic Coast Mortgage, LLC 3 4.54% $12,245
VILLAGE CAPITAL MORTGAGE 3 2.75% $3,677
INTERCOASTAL MORTGAGE COMPANY 3 4.88% $9,257
AMERICAN FINANCING CORPORATION 3 5.00% $12,278
EQUITY RESOURCES, INC. 3 4.33% $6,530
Nations Lending Corporation 3 5.33% $10,348
LAKEVIEW LOAN SERVICING, LLC 3 4.04% $8,322
PLANET HOME LENDING, LLC 2 5.19% $2,953
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 3.75% $16,706
Ameris Bank 2 4.06% $2,653
BNC National Bank 2 3.88% $6,639
BROKER SOLUTIONS, INC. 2 3.63% $9,816
Equity Prime Mortgage LLC 2 5.06% $21,292
First-Citizens Bank & Trust Company 2 5.44% $7,016
HOME POINT FINANCIAL CORPORATION 2 3.25% $4,944
Low VA Rates, LLC 2 4.13% $6,371
Mid-Continent Funding, Inc. 2 5.06% $8,097
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.63% $7,742
North American Savings Bank, F.S.B. 2 4.44% $2,599
PHH Mortgage Corporation 2 3.75% $10,095
SUN WEST MORTGAGE COMPANY, INC. 2 6.50% $8,942
Meridian Bank Corporation 1 5.75% $5,737
Bell Bank 1 3.63% $3,565
Mortgage Lenders Investment Trading Corporation 1 5.25% $7,658
F & M BANK CORP. 1 2.75% $8,959
U.S. Bank 1 5.63% $3,051
First Horizon Bank 1 3.50% $2,738
First Bank 1 3.75% $19,871
Fifth Third Bank 1 2.63% $2,414
DRAPER AND KRAMER MORTGAGE CORP. 1 5.50% $18,169
NETWORK CAPITAL FUNDING CORPORATION 1 6.88% $4,345
DAS Acquisition Company, LLC 1 4.88% $10,443
NEWREZ LLC 1 4.00% $5,791
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.13% $7,733
Northpointe Bank 1 3.75% $3,183
CRESCENT MORTGAGE COMPANY 1 3.25% $10,036
Corporate Investors Mortgage Group, Inc. 1 4.50% $14,589
Armed Forces Bank 1 5.25% $8,163
ACOPIA, LLC 1 3.25% $8,083
PLAZA HOME MORTGAGE, INC. 1 4.63% $3,445
PNC Bank 1 5.50% $2,021
CORNERSTONE HOME LENDING, INC. 1 5.13% $14,703
CONTOUR MORTGAGE CORPORATION 1 4.63% $10,100
Renasant Bank 1 2.75% $8,959
SOVEREIGN LENDING GROUP INCORPORATED 1 4.25% $9,368
Strong Home Mortgage, LLC 1 3.75% $1,822
Sunflower Bank 1 3.38% $3,405
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $3,745
CMG MORTGAGE, INC. 1 4.63% $10,847
Towne Bank 1 3.75% $5,903
Towne First Mortgage, LLC 1 3.00% $11,630
TOWNE MORTGAGE COMPANY 1 5.00% $8,596
Citizens Bank 1 5.25% $9,390
CHURCHILL MORTGAGE CORPORATION 1 3.75% $9,098
United Community Bank 1 5.25% $575
HOMESTAR FINANCIAL CORPORATION 1 3.63% $4,167
HOMESIDE FINANCIAL, LLC 1 5.25% $10,997
Lakeview Community Capital, LLC 1 2.99% $1,825
GoPrime Mortgage, Inc. 1 7.13% $3,389
Gateway First Bank 1 4.00% $11,675
Blue Ridge Bank 1 7.63% $5,640

The top New Bern VA lender as defined by loan originations is Mortgage Research Center, LLC, with 154 VA loans originated. Their average total fees are $7,099, which is $712 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

The lowest fee New Bern VA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. ($4,870), PENNYMAC LOAN SERVICES, LLC ($5,009), LOANDEPOT.COM, LLC ($5,939), NAVY FEDERAL CREDIT UNION ($6,387) and MOVEMENT MORTGAGE, LLC ($6,808).

The lowest rate New Bern VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.33%), LOANDEPOT.COM, LLC (3.86%), NAVY FEDERAL CREDIT UNION (3.99%), CALIBER HOME LOANS, INC. (4.18%) and DHI MORTGAGE COMPANY, LTD. (4.20%).


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
New Bern's median listing price for 2023-12-01 was $356,000, a difference of $30,550 (9.4%) versus the prior year and $-9,123 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 2023-12-01 was $405,863, a difference of $-436 (-0.1%) versus the prior year and $-16,221 versus the prior month.

For the 2023-12-01 period, New Bern had 443 MLS listings, a difference of 3 listings (1%) versus the prior month and 195 listings (79%) 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
New Bern's median listing age (time on market) for 2023-12-01 was 0 days.

New Bern's median square footage for active listings during the 2023-12-01 period was 1,927 sqft. One year prior, the average listing was 1,936 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.