Pinehurst VA Loan Rates, Closing Costs & Stats

Pinehurst-Southern Pines, 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.

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 5.96% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

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

The average rate for the prior week (2024-07-12) was 6.4% and one month ago for the week of 2024-06-14, the average rate was 6.06%.

The average rate one year ago was 6.24%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.1%.

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.