North Wilkesboro VA Loan Rates, Closing Costs & Stats

North Wilkesboro, 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.

    North Wilkesboro's 18 lenders originated 53 VA loans during 2023. The total origination value was $14,705,000, with an average VA loan value of $277,453.

    North Wilkesboro VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in North Wilkesboro averaged 6.15% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    North Wilkesboro's average VA mortgage closing costs are $5,083.

    The average rate for the prior week (2024-12-06) was 6.08% and one month ago for the week of 2024-11-08, the average rate was 6.38%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.88%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    North Wilkesboro 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 North Wilkesboro level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 15 6.88% $4,880
    MOVEMENT MORTGAGE, LLC 7 6.73% $4,354
    QUICKEN LOANS, LLC 5 5.85% $8,107
    FREEDOM MORTGAGE CORPORATION 3 6.17% $7,338
    USAA Federal Savings Bank 3 5.46% $8,077
    NAVY FEDERAL CREDIT UNION 2 5.44% $7,614
    INTERCOASTAL MORTGAGE COMPANY 2 6.31% $4,311
    Mr. Cooper ( Nationstar Mortgage ) 2 5.88% $14,780
    UNITED WHOLESALE MORTGAGE, LLC 2 6.37% $7,551
    Barrington Bank & Trust Company, N.A. 1 6.75% $3,624
    NEW DAY FINANCIAL, LLC 1 6.99% $14,514
    NEWREZ LLC 1 6.75% $5,391
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $3,440
    Prosperity Home Mortgage, LLC 1 6.63% $14,321
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $3,940
    The Federal Savings Bank 1 5.75% $17,737
    Meridian Bank Corporation 1 7.25% $12,615
    Blue Ridge Bank 1 7.00% $18,421

    The top North Wilkesboro VA lender as defined by loan originations is Mortgage Research Center, LLC, with 15 VA loans originated. Their average total fees are $4,880, which is $525 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee North Wilkesboro VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,880), .

    The lowest rate North Wilkesboro VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.88%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - North Wilkesboro (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 $229,600 (5.7%) $332,645 (5.0%) 0.00 214
    2018-02-01 $228,475 (6.9%) $329,893 (4.7%) 0.00 220
    2018-03-01 $229,450 (3.9%) $320,446 (0.6%) 0.00 220
    2018-04-01 $226,750 (0.8%) $319,581 (-2.4%) 0.00 221
    2018-05-01 $249,000 (16.0%) $336,381 (5.8%) 0.00 228
    2018-06-01 $249,950 (26.1%) $357,190 (15.5%) 0.00 240
    2018-07-01 $229,900 (15.0%) $322,208 (3.4%) 0.00 264
    2018-08-01 $219,900 (-3.6%) $300,491 (-4.1%) 0.00 280
    2018-09-01 $228,750 (0.1%) $310,616 (-1.9%) 0.00 275
    2018-10-01 $225,125 (-5.0%) $307,914 (-4.0%) 0.00 270
    2018-11-01 $206,950 (-11.7%) $304,152 (-5.6%) 0.00 254
    2018-12-01 $199,900 (-13.5%) $302,074 (-8.5%) 0.00 253
    2019-01-01 $193,450 (-15.7%) $289,974 (-12.8%) 0.00 242
    2019-02-01 $210,000 (-8.1%) $313,738 (-4.9%) 0.00 227
    2019-03-01 $232,757 (1.4%) $337,184 (5.2%) 0.00 219
    2019-04-01 $249,700 (10.1%) $364,379 (14.0%) 0.00 217
    2019-05-01 $249,900 (0.4%) $358,377 (6.5%) 0.00 221
    2019-06-01 $255,450 (2.2%) $360,506 (0.9%) 0.00 237
    2019-07-01 $250,000 (8.7%) $346,338 (7.5%) 0.00 243
    2019-08-01 $249,973 (13.7%) $347,423 (15.6%) 0.00 241
    2019-09-01 $249,932 (9.3%) $351,142 (13.1%) 0.00 237
    2019-10-01 $252,455 (12.1%) $360,619 (17.1%) 0.00 226
    2019-11-01 $259,000 (25.2%) $374,315 (23.1%) 0.00 206
    2019-12-01 $257,000 (28.6%) $373,666 (23.7%) 0.00 182
    2020-01-01 $249,225 (28.8%) $359,620 (24.0%) 0.00 170
    2020-02-01 $249,000 (18.6%) $351,821 (12.1%) 0.00 162
    2020-03-01 $287,400 (23.5%) $385,481 (14.3%) 0.00 146
    2020-04-01 $299,000 (19.7%) $391,937 (7.6%) 0.00 152
    2020-05-01 $323,200 (29.3%) $401,999 (12.2%) 0.00 131
    2020-06-01 $349,450 (36.8%) $425,487 (18.0%) 0.00 124
    2020-07-01 $349,900 (40.0%) $477,836 (38.0%) 0.00 117
    2020-08-01 $379,450 (51.8%) $497,573 (43.2%) 0.00 96
    2020-09-01 $357,175 (42.9%) $472,968 (34.7%) 0.00 97
    2020-10-01 $334,900 (32.7%) $450,068 (24.8%) 0.00 98
    2020-11-01 $353,200 (36.4%) $463,519 (23.8%) 0.00 89
    2020-12-01 $379,225 (47.6%) $473,684 (26.8%) 0.00 73
    2021-01-01 $384,900 (54.4%) $487,261 (35.5%) 0.00 63
    2021-02-01 $385,950 (55.0%) $493,629 (40.3%) 0.00 53
    2021-03-01 $386,950 (34.6%) $483,873 (25.5%) 0.00 42
    2021-04-01 $301,175 (0.7%) $370,836 (-5.4%) 0.00 50
    2021-05-01 $349,900 (8.3%) $388,552 (-3.4%) 0.00 48
    2021-06-01 $299,000 (-14.4%) $390,213 (-8.3%) 0.00 63
    2021-07-01 $299,900 (-14.3%) $412,383 (-13.7%) 0.00 64
    2021-08-01 $287,050 (-24.4%) $428,128 (-14.0%) 0.00 64
    2021-09-01 $293,200 (-17.9%) $462,220 (-2.3%) 0.00 72
    2021-10-01 $288,800 (-13.8%) $459,750 (2.2%) 0.00 78
    2021-11-01 $270,000 (-23.6%) $465,551 (0.4%) 0.00 75
    2021-12-01 $277,450 (-26.8%) $461,052 (-2.7%) 0.00 68
    2022-01-01 $279,450 (-27.4%) $460,953 (-5.4%) 0.00 53
    2022-02-01 $259,900 (-32.7%) $476,536 (-3.5%) 0.00 46
    2022-03-01 $250,425 (-35.3%) $486,932 (0.6%) 0.00 40
    2022-04-01 $294,450 (-2.2%) $517,978 (39.7%) 0.00 43
    2022-05-01 $398,475 (13.9%) $532,304 (37.0%) 0.00 58
    2022-06-01 $377,350 (26.2%) $521,863 (33.7%) 0.00 67
    2022-07-01 $345,000 (15.0%) $442,993 (7.4%) 0.00 74
    2022-08-01 $349,450 (21.7%) $452,485 (5.7%) 0.00 71
    2022-09-01 $337,000 (14.9%) $474,883 (2.7%) 0.00 69
    2022-10-01 $329,900 (14.2%) $494,628 (7.6%) 0.00 68
    2022-11-01 $343,975 (27.4%) $520,659 (11.8%) 0.00 67
    2022-12-01 $299,250 (7.9%) $505,675 (9.7%) 0.00 62
    2023-01-01 $340,495 (21.8%) $470,266 (2.0%) 0.00 49
    2023-02-01 $349,975 (34.7%) $452,499 (-5.0%) 0.00 50
    2023-03-01 $311,250 (24.3%) $430,535 (-11.6%) 0.00 49
    2023-04-01 $349,000 (18.5%) $447,006 (-13.7%) 0.00 58
    2023-05-01 $380,000 (-4.6%) $1,043,739 (96.1%) 0.00 72
    2023-06-01 $353,500 (-6.3%) $1,614,882 (209.5%) 0.00 76
    2023-07-01 $380,000 (10.1%) $1,553,502 (250.7%) 0.00 86
    2023-08-01 $364,725 (4.4%) $1,463,251 (223.4%) 0.00 90
    2023-09-01 $380,000 (12.8%) $1,601,835 (237.3%) 0.00 79
    2023-10-01 $396,500 (20.2%) $1,543,245 (212.0%) 0.00 90
    2023-11-01 $380,000 (10.5%) $1,603,022 (207.9%) 0.00 82
    2023-12-01 $380,000 (27.0%) $1,670,868 (230.4%) 0.00 79
    2024-01-01 $356,200 (4.6%) $1,663,915 (253.8%) 0.00 79
    2024-02-01 $378,500 (8.2%) $1,698,515 (275.4%) 0.00 76
    2024-03-01 $374,500 (20.3%) $1,664,598 (286.6%) 0.00 74
    2024-04-01 $350,000 (0.3%) $515,265 (15.3%) 0.00 74
    2024-05-01 $413,950 (8.9%) $597,866 (-42.7%) 0.00 82
    2024-06-01 $419,999 (18.8%) $612,532 (-62.1%) 0.00 97
    2024-07-01 $419,925 (10.5%) $608,270 (-60.9%) 0.00 110
    2024-08-01 $389,900 (6.9%) $602,131 (-58.9%) 0.00 115
    2024-09-01 $412,400 (8.5%) $632,289 (-60.5%) 0.00 119
    2024-10-01 $399,200 (0.7%) $610,820 (-60.4%) 0.00 125
    2024-11-01 $375,000 (-1.3%) $579,301 (-63.9%) 0.00 132
    North Wilkesboro's median listing price for 2024-11-01 was $375,000, a difference of $-5,000 (-1.3%) versus the prior year and $-24,200 versus the prior month.

    North Wilkesboro's median listing price comes in at 0% of the national average.

    North Wilkesboro's average listing price for 2024-11-01 was $579,301, a difference of $-1,023,721 (-63.9%) versus the prior year and $-31,519 versus the prior month.

    For the 2024-11-01 period, North Wilkesboro had 132 MLS listings, a difference of 7 listings (6%) versus the prior month and 50 listings (61%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - North Wilkesboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,904 sqft
    2018-02-01 0 days 1,968 sqft
    2018-03-01 0 days 1,957 sqft
    2018-04-01 0 days 1,975 sqft
    2018-05-01 0 days 2,067 sqft
    2018-06-01 0 days 2,166 sqft
    2018-07-01 0 days 2,154 sqft
    2018-08-01 0 days 2,174 sqft
    2018-09-01 0 days 2,154 sqft
    2018-10-01 0 days 2,158 sqft
    2018-11-01 0 days 2,091 sqft
    2018-12-01 0 days 2,141 sqft
    2019-01-01 0 days 2,040 sqft
    2019-02-01 0 days 2,111 sqft
    2019-03-01 0 days 2,185 sqft
    2019-04-01 0 days 2,264 sqft
    2019-05-01 0 days 2,138 sqft
    2019-06-01 0 days 2,154 sqft
    2019-07-01 0 days 2,163 sqft
    2019-08-01 0 days 2,152 sqft
    2019-09-01 0 days 2,131 sqft
    2019-10-01 0 days 2,137 sqft
    2019-11-01 0 days 2,270 sqft
    2019-12-01 0 days 2,478 sqft
    2020-01-01 0 days 2,412 sqft
    2020-02-01 0 days 2,364 sqft
    2020-03-01 0 days 2,485 sqft
    2020-04-01 0 days 2,460 sqft
    2020-05-01 0 days 2,264 sqft
    2020-06-01 0 days 2,081 sqft
    2020-07-01 0 days 2,071 sqft
    2020-08-01 0 days 2,040 sqft
    2020-09-01 0 days 2,024 sqft
    2020-10-01 0 days 2,008 sqft
    2020-11-01 0 days 2,118 sqft
    2020-12-01 0 days 2,221 sqft
    2021-01-01 0 days 2,425 sqft
    2021-02-01 0 days 2,003 sqft
    2021-03-01 0 days 2,098 sqft
    2021-04-01 0 days 1,960 sqft
    2021-05-01 0 days 1,872 sqft
    2021-06-01 0 days 1,836 sqft
    2021-07-01 0 days 1,684 sqft
    2021-08-01 0 days 1,872 sqft
    2021-09-01 0 days 2,000 sqft
    2021-10-01 0 days 1,935 sqft
    2021-11-01 0 days 2,067 sqft
    2021-12-01 0 days 2,172 sqft
    2022-01-01 0 days 2,320 sqft
    2022-02-01 0 days 2,460 sqft
    2022-03-01 0 days 2,151 sqft
    2022-04-01 0 days 2,563 sqft
    2022-05-01 0 days 2,200 sqft
    2022-06-01 0 days 2,308 sqft
    2022-07-01 0 days 2,218 sqft
    2022-08-01 0 days 2,036 sqft
    2022-09-01 0 days 1,893 sqft
    2022-10-01 0 days 2,039 sqft
    2022-11-01 0 days 2,364 sqft
    2022-12-01 0 days 1,844 sqft
    2023-01-01 0 days 1,701 sqft
    2023-02-01 0 days 1,768 sqft
    2023-03-01 0 days 1,768 sqft
    2023-04-01 0 days 1,920 sqft
    2023-05-01 0 days 1,932 sqft
    2023-06-01 0 days 2,005 sqft
    2023-07-01 0 days 2,204 sqft
    2023-08-01 0 days 2,011 sqft
    2023-09-01 0 days 2,005 sqft
    2023-10-01 0 days 2,019 sqft
    2023-11-01 0 days 2,026 sqft
    2023-12-01 0 days 2,005 sqft
    2024-01-01 0 days 2,005 sqft
    2024-02-01 0 days 2,123 sqft
    2024-03-01 0 days 2,005 sqft
    2024-04-01 0 days 2,028 sqft
    2024-05-01 0 days 2,303 sqft
    2024-06-01 0 days 2,268 sqft
    2024-07-01 0 days 2,437 sqft
    2024-08-01 0 days 2,534 sqft
    2024-09-01 0 days 1,950 sqft
    2024-10-01 0 days 2,034 sqft
    2024-11-01 0 days 2,065 sqft
    North Wilkesboro's median listing age (time on market) for 2024-11-01 was 0 days.

    North Wilkesboro's median square footage for active listings during the 2024-11-01 period was 2,065 sqft. One year prior, the average listing was 2,026 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.