Pinehurst VA Loan Rates, Closing Costs & Stats

Pinehurst-Southern Pines, 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.

    Pinehurst's 98 lenders originated 829 VA loans during 2023. The total origination value was $348,725,000, with an average VA loan value of $420,657.

    Pinehurst VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Pinehurst averaged 5.81% for the week of 2024-10-11, compared to the national average (all VA variants) of 5.854% for the same period.

    Pinehurst's average VA mortgage closing costs are $7,342.

    The average rate for the prior week (2024-10-04) was 5.28% and one month ago for the week of 2024-09-06, the average rate was 5.57%.

    The average rate one year ago was 7.14%.

    For refis of the same type during the week of 2024-10-11, the average rate was 6.05%.

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

    Pinehurst 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 Pinehurst level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 74 5.97% $11,310
    MOVEMENT MORTGAGE, LLC 65 6.24% $13,200
    NFM, INC. 62 6.28% $11,592
    Mortgage Research Center, LLC 58 6.49% $10,551
    JET HOMELOANS, LLC 42 6.13% $8,170
    GoPrime Mortgage, Inc. 41 6.12% $8,975
    PENNYMAC LOAN SERVICES, LLC 30 5.76% $16,085
    Prosperity Home Mortgage, LLC 29 5.96% $13,723
    QUICKEN LOANS, LLC 24 5.90% $15,030
    NAVY FEDERAL CREDIT UNION 24 5.78% $9,040
    DHI MORTGAGE COMPANY, LTD. 21 5.21% $8,398
    USAA Federal Savings Bank 20 6.09% $9,869
    American Security Mortgage Corp. 16 6.00% $10,930
    UNION HOME MORTGAGE CORP. 15 6.30% $14,154
    BROKER SOLUTIONS, INC. 14 6.20% $13,971
    CROSSCOUNTRY MORTGAGE, LLC 14 6.45% $13,279
    ACADEMY MORTGAGE CORPORATION 13 6.05% $18,128
    INTERCOASTAL MORTGAGE COMPANY 13 6.22% $11,326
    MUTUAL OF OMAHA MORTGAGE, INC. 12 5.80% $13,642
    Alcova Mortgage LLC 11 6.65% $9,839
    Wells Fargo Bank 8 5.77% $8,412
    FREEDOM MORTGAGE CORPORATION 8 6.48% $15,752
    CARDINAL FINANCIAL 7 7.07% $15,311
    LOANDEPOT.COM, LLC 7 5.80% $9,731
    GUARANTEED RATE, INC. 7 6.50% $7,966
    Mr. Cooper ( Nationstar Mortgage ) 6 5.56% $17,679
    CORNERSTONE HOME LENDING, INC. 6 5.96% $9,354
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.42% $12,564
    NEW DAY FINANCIAL, LLC 6 7.14% $13,517
    Plains Commerce Bank 5 5.63% $14,013
    PENTAGON FEDERAL CREDIT UNION 5 6.03% $7,963
    SOUTHERN TRUST MORTGAGE, LLC 5 6.23% $14,927
    HOMESIDE FINANCIAL, LLC 5 6.53% $14,725
    Armed Forces Bank 5 5.78% $14,157
    CMG MORTGAGE, INC. 4 6.13% $10,845
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.75% $15,575
    NEWREZ LLC 4 5.97% $9,295
    PLAZA HOME MORTGAGE, INC. 4 6.00% $7,782
    The Federal Savings Bank 4 6.63% $23,528
    First Bank 3 5.63% $6,676
    Truist 3 5.95% $12,073
    Century Mortgage Company DBA Century Lending Company 3 5.79% $13,511
    BNC National Bank 3 5.46% $12,729
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.38% $14,557
    TIDEWATER MORTGAGE SERVICES, INC. 3 6.50% $12,424
    EMM LOANS LLC 2 5.75% $40,057
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.94% $8,536
    DELMAR FINANCIAL COMPANY 2 7.19% $10,590
    HOMESPIRE MORTGAGE CORPORATION 2 6.63% $6,723
    LOANPAL, LLC 2 6.75% $6,328
    Mid-Continent Funding, Inc. 2 6.00% $5,734
    NBKC BANK 2 5.69% $12,787
    North American Savings Bank, F.S.B. 2 5.00% $6,268
    Paramount Residential Mortgage Group, Inc. 2 5.88% $12,824
    Sierra Pacific Mortgage Company, Inc. 2 5.81% $17,451
    The Central Trust Bank 2 5.69% $13,776
    VERITAS FUNDING, LLC 2 6.75% $18,988
    ZILLOW HOME LOANS, LLC 2 6.00% $11,146
    NEW FED MORTGAGE, CORP. 1 6.25% $26,568
    Integrity Home Mortgage Corp 1 7.25% $11,653
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.75% $3,970
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $13,033
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.75% $10,194
    First Western Trust Bank 1 6.25% $9,779
    First National Bank Texas 1 5.63% $14,880
    First National Bank of Pennsylvania 1 6.88% $2,766
    First National Bank of Omaha 1 6.63% $3,092
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $23,000
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $10,289
    Fifth Third Bank 1 6.50% $2,154
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.63% $4,019
    Sandy Spring Bank 1 7.25% $3,164
    SeaTrust Mortgage Company 1 6.13% $20,651
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.75% $4,485
    Shamrock Home Loans, Inc. 1 6.25% $4,619
    ACOPIA, LLC 1 7.49% $10,999
    CONTOUR MORTGAGE CORPORATION 1 6.25% $11,747
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $11,648
    Sunflower Bank 1 5.63% $3,478
    SUN WEST MORTGAGE COMPANY, INC. 1 6.00% $8,095
    T2 FINANCIAL LLC 1 7.13% $825
    Watermark Capital, Inc. 1 5.13% $11,922
    Citizens Bank 1 6.00% $13,089
    The Fidelity Bank 1 6.25% $8,902
    Capital Bank 1 5.75% $10,675
    TOP FLITE FINANCIAL, INC. 1 6.75% $27,827
    TOWNE MORTGAGE COMPANY 1 6.25% $6,804
    Towne Mortgage of the Carolinas, LLC 1 6.50% $7,341
    CALCON MUTUAL MORTGAGE LLC 1 6.75% $28,690
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $14,892
    Union Savings Bank 1 6.25% $0
    MICHIGAN MUTUAL, INC. 1 6.63% $16,935
    Magnolia Bank 1 6.00% $36,368
    Lakeview Community Capital, LLC 1 6.25% $10,112
    Keystone Funding, Inc. 1 5.25% $23,712
    JPMorgan Chase Bank 1 5.88% $37,909
    AMERICAN FINANCING CORPORATION 1 5.75% $31,518
    JAMS-01, INC. 1 6.63% $20,146

    The top Pinehurst VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 74 VA loans originated. Their average total fees are $11,310, which is $1,890 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Pinehurst VA lenders (with over 10 loans originated) are JET HOMELOANS, LLC ($8,170), DHI MORTGAGE COMPANY, LTD. ($8,398), GoPrime Mortgage, Inc. ($8,975), NAVY FEDERAL CREDIT UNION ($9,040) and Alcova Mortgage LLC ($9,839).

    The lowest rate Pinehurst VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.21%), PENNYMAC LOAN SERVICES, LLC (5.76%), NAVY FEDERAL CREDIT UNION (5.78%), MUTUAL OF OMAHA MORTGAGE, INC. (5.80%) and QUICKEN LOANS, LLC (5.90%).

    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.