New Bern VA Loan Rates, Closing Costs & Stats

NEW BERN, NC

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    • 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 0.43% for the week of 2025-07-04, 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 (2025-06-27) was 6.36% and one month ago for the week of 2025-05-30, the average rate was 6.49%.

    The average rate one year ago was 6.6%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.32%.

    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.