Raleigh VA Loans

RALEIGH-CARY, 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.

Raleigh's 250 lenders originated 6,591 VA loans during 2021. The total origination value was $2,079,505,000, with an average VA loan value of $315,507.

Raleigh VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Raleigh averaged 6.86% for the week of 2022-09-30, compared to the national average (all VA variants) of 6.363% for the same period.

The average rate for the prior week (2022-09-23) was 6.32% and one month ago for the week of 2022-08-26, the average rate was 5.39%.

The average rate one year ago was 2.96%.

For refis of the same type during the week of 2022-09-30, the average rate was 6.28%.

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

Raleigh VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Raleigh level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 545 2.45% $5,443
FREEDOM MORTGAGE CORPORATION 473 2.40% $3,178
Mortgage Research Center, LLC 433 2.82% $6,398
PENNYMAC LOAN SERVICES, LLC 310 2.37% $6,133
NAVY FEDERAL CREDIT UNION 249 2.47% $5,822
USAA Federal Savings Bank 163 2.86% $3,612
LOANDEPOT.COM, LLC 153 2.52% $5,117
LAKEVIEW LOAN SERVICING, LLC 144 2.46% $2,708
MOVEMENT MORTGAGE, LLC 139 2.79% $5,741
UNITED WHOLESALE MORTGAGE, LLC 137 2.46% $6,059
VILLAGE CAPITAL MORTGAGE 137 2.26% $3,986
Wells Fargo Bank 116 2.64% $4,731
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 109 2.87% $5,886
CLEARPATH LENDING 97 2.29% $4,451
CALIBER HOME LOANS, INC. 96 2.54% $5,273
NEW DAY FINANCIAL, LLC 91 2.95% $9,423
HOME POINT FINANCIAL CORPORATION 87 2.44% $5,356
The Federal Savings Bank 80 2.53% $9,099
Mr. Cooper ( Nationstar Mortgage ) 76 2.76% $4,191
GUARANTEED RATE, INC. 75 2.50% $4,910
CORNERSTONE HOME LENDING, INC. 67 2.80% $4,598
PENTAGON FEDERAL CREDIT UNION 64 2.38% $2,624
GoPrime Mortgage, Inc. 56 2.88% $7,069
Towne Bank 56 2.72% $7,716
Truist 53 2.70% $6,976
Prosperity Home Mortgage, LLC 46 2.64% $6,361
PRIMELENDING, A PLAINSCAPITAL COMPANY 43 2.96% $6,551
North State Bank 41 2.61% $6,586
EQUITY RESOURCES, INC. 38 2.50% $6,231
Lakeview Community Capital, LLC 37 2.44% $2,265
NEWREZ LLC 37 2.56% $4,018
PULTE MORTGAGE LLC 36 2.83% $3,824
BROKER SOLUTIONS, INC. 35 2.74% $6,929
North American Savings Bank, F.S.B. 34 2.43% $4,985
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 32 2.72% $7,581
InterContinental Capital Group, Inc 32 2.33% $3,843
AMERISAVE MORTGAGE CORPORATION 32 2.53% $8,903
First Heritage Mortgage, LLC 32 2.52% $7,311
Towne Mortgage of the Carolinas, LLC 31 2.66% $8,826
MATTAMY HOME FUNDING, LLC 30 2.48% $7,116
AMERICAN FINANCIAL NETWORK, INC. 29 2.46% $9,946
EAGLE HOME MORTGAGE, LLC 27 2.72% $6,299
Low VA Rates, LLC 25 2.43% $4,211
Corporate Investors Mortgage Group, Inc. 24 2.66% $7,015
ACCELERATE MORTGAGE, LLC 23 2.46% $6,831
HOMESPIRE MORTGAGE CORPORATION 23 2.71% $6,216
MUTUAL OF OMAHA MORTGAGE, INC. 22 2.53% $6,626
First Federal Bank 22 3.24% $8,437
PLANET HOME LENDING, LLC 22 2.64% $3,419
American Security Mortgage Corp. 21 2.61% $6,205
CROSSCOUNTRY MORTGAGE, LLC 21 2.77% $8,361
ACADEMY MORTGAGE CORPORATION 21 2.74% $6,622
SOUTHERN TRUST MORTGAGE, LLC 21 2.69% $6,712
Carrington Mortgage Services, LLC 20 2.71% $5,905
First Guaranty Mortgage Corporation 20 2.52% $7,815
HOMESIDE FINANCIAL, LLC 19 2.65% $8,511
NVR Mortgage Finance, Inc. 19 2.83% $6,998
Mid-Continent Funding, Inc. 19 2.79% $9,832
DHI MORTGAGE COMPANY, LTD. 18 2.68% $4,883
PRIMARY RESIDENTIAL MORTGAGE, INC. 18 3.18% $6,894
United Community Bank 18 2.67% $8,468
BNC National Bank 18 2.36% $4,214
T2 FINANCIAL LLC 18 3.03% $6,676
Alcova Mortgage LLC 17 2.68% $4,557
NBKC BANK 17 2.54% $5,887
Barrington Bank & Trust Company, N.A. 17 2.78% $6,909
Flagstar Bank, FSB 17 2.79% $7,449
U.S. Bank 17 2.58% $6,185
Citizens Bank 16 2.59% $6,210
SOVEREIGN LENDING GROUP INCORPORATED 16 2.42% $8,126
UNION HOME MORTGAGE CORP. 16 2.43% $6,158
The Central Trust Bank 16 2.68% $6,338
VANDERBILT MORTGAGE AND FINANCE, INC. 16 2.84% $3,888
LOANPAL, LLC 15 2.53% $11,967
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 15 2.83% $6,213
Magnolia Bank 14 2.44% $5,924
RESIDENTIAL MORTGAGE SERVICES, INC. 14 2.71% $7,261
SUN WEST MORTGAGE COMPANY, INC. 14 2.35% $3,668
TIDEWATER MORTGAGE SERVICES, INC. 13 2.80% $6,143
CALCON MUTUAL MORTGAGE LLC 12 3.72% $3,130
MORTGAGE SOLUTIONS OF COLORADO, LLC 12 3.03% $6,534
CMG MORTGAGE, INC. 12 2.69% $8,981
First Horizon Bank 12 2.48% $5,879
HOMEBRIDGE FINANCIAL SERVICES, INC. 12 2.89% $10,838
Wyndham Capital Mortgage, Inc. 12 2.44% $3,997
CHURCHILL MORTGAGE CORPORATION 11 2.45% $7,777
TJC Mortgage, Inc. 11 2.30% $3,536
NFM, INC. 11 3.15% $9,510
KS StateBank 10 2.38% $3,660
AMERIFIRST FINANCIAL CORPORATION 10 2.71% $5,385
ANGEL OAK HOME LOANS LLC 9 2.79% $7,986
RESOURCE FINANCIAL SERVICES, INC. 9 2.38% $8,957
NP, Inc. 8 2.28% $4,919
Capital Bank 8 2.36% $3,365
THE MORTGAGE FIRM, INC. 8 2.89% $5,633
South Pacific Financial Corporation 8 2.55% $9,792
Blue Ridge Bank 8 2.81% $6,557
CAPITAL CENTER, L.L.C. 8 2.45% $3,283
Nations Lending Corporation 8 2.94% $10,274
Credence Funding Corporation 8 2.23% $2,695
M/I FINANCIAL, LLC 7 2.73% $4,156
Meridian Bank Corporation 7 2.34% $4,815
Ameris Bank 7 2.63% $10,213
FIRST EQUITY MORTGAGE INCORPORATED 7 2.77% $12,735
RAPID MORTGAGE COMPANY 6 3.06% $9,778
First-Citizens Bank & Trust Company 6 2.42% $3,463
Strong Home Mortgage, LLC 6 2.33% $2,504
RELIANCE FIRST CAPITAL, LLC 6 2.63% $5,075
PNC Bank 6 2.71% $4,531
Paramount Residential Mortgage Group, Inc. 5 3.18% $5,672
INTERCOASTAL MORTGAGE COMPANY 5 2.65% $3,148
AMERICAN FINANCING CORPORATION 5 2.40% $6,423
LENDUS, LLC 5 2.28% $4,625
BAYSHORE MORTGAGE FUNDING, LLC 5 3.00% $5,736
Presidential Bank, FSB 5 2.60% $6,146
FBC MORTGAGE, LLC 5 2.73% $7,194
Texana Bank 4 2.34% $9,183
PLAZA HOME MORTGAGE, INC. 4 2.31% $4,878
Regions Bank 4 2.63% $6,368
Renasant Bank 4 2.59% $8,251
CBM Mortgage, Inc. 4 2.53% $1,937
Alpha Mortgage Corporation 4 3.03% $5,463
HOMESTEAD FUNDING CORP. 4 2.34% $7,849
KELLER MORTGAGE, LLC 4 2.41% $6,093
LADERA LENDING, INC. 4 2.50% $7,133
Manufacturers and Traders Trust Company 4 2.63% $2,718
EMBRACE HOME LOANS, INC. 4 2.38% $2,593
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 2.66% $3,158
PHH Mortgage Corporation 4 3.00% $7,334
LIBERTY HOME MORTGAGE CORPORATION 3 2.25% $7,051
Bank of England 3 2.50% $12,383
Prime Choice Funding Inc. 3 2.96% $1,949
GUILD MORTGAGE COMPANY 3 3.04% $4,628
MCLEAN MORTGAGE CORPORATION 3 2.75% $9,218
Goldwater Bank, N.A. 3 4.08% $11,976
MID AMERICA MORTGAGE, INC. 3 2.38% $2,139
Watermark Capital, Inc. 3 2.38% $5,010
FIRST COMMUNITY MORTGAGE, INC. 3 2.54% $11,442
MORTGAGE EQUITY PARTNERS LLC 3 2.67% $2,904
VELOCIO MORTGAGE L.L.C. 3 2.92% $7,632
ALLIED MORTGAGE GROUP, INC. 3 2.92% $1,650
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 3 3.25% $4,839
PREMIA MORTGAGE, LLC 3 2.42% $8,020
First Savings Bank 3 2.25% $8,169
Northpointe Bank 3 2.67% $15,239
Sunflower Bank 3 2.54% $8,336
First Mortgage Solutions, LLC 3 2.17% $1,839
STEARNS LENDING, LLC 3 2.42% $3,437
SIRVA MORTGAGE, INC. 3 2.58% $4,368
CERTAINTY HOME LOANS, LLC 3 2.42% $5,436
KBHS HOME LOANS, LLC 3 3.62% $5,340
JAMES B. NUTTER & COMPANY 2 2.63% $4,206
TOWNE MORTGAGE COMPANY 2 2.56% $6,593
ON Q FINANCIAL, INC. 2 2.75% $12,876
First Bank 2 2.38% $8,378
TOP FLITE FINANCIAL, INC. 2 3.06% $7,000
Shamrock Home Loans, Inc. 2 3.00% $3,261
HUNT MORTGAGE CORPORATION 2 2.75% $10,374
Hometown Lenders, Inc. 2 3.25% $3,358
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 2.81% $16,284
The Fidelity Bank 2 2.81% $9,678
AMCAP MORTGAGE, LTD. 2 2.88% $6,297
First National Bank of Pennsylvania 2 2.63% $15,836
GUARANTY HOME MORTGAGE CORPORATION 2 2.75% $4,251
ROSS MORTGAGE CORPORATION 2 2.75% $8,655
BELEM SERVICING LLC 2 2.50% $6,366
Paramount Bank 2 2.50% $2,245
Northwest Federal Credit Union 2 3.25% $6,330
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 2.50% $2,514
George Mason Mortgage, LLC 2 2.49% $4,283
1ST SIGNATURE LENDING, LLC 2 2.81% $9,789
AmeriHome Mortgage Company, LLC 2 2.56% $1,787
FIRST HOME MORTGAGE CORPORATION 2 2.88% $12,587
Equity Prime Mortgage LLC 2 3.19% $5,114
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 2.63% $3,620
US MORTGAGE CORPORATION 2 3.06% $6,218
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 2.88% $8,613
CANOPY MORTGAGE, LLC 2 2.12% $4,418
ZILLOW HOME LOANS, LLC 1 2.75% $8,074
Austin Capital Bank SSB 1 2.75% $8,517
Axos Bank 1 3.00% $14,060
BETTER MORTGAGE CORPORATION 1 2.88% $13,074
CIS Financial Services, Inc. 1 3.38% $12,141
CityWorth Mortgage LLC 1 3.63% $7,553
Assurance Financial Group, L.L.C. 1 3.25% $8,136
Colonial Savings, F.A. 1 2.38% $8,512
CONTOUR MORTGAGE CORPORATION 1 2.63% $6,248
Core Bank 1 2.00% $10,392
Armed Forces Bank 1 2.25% $4,749
CRESCENT MORTGAGE COMPANY 1 2.75% $2,621
DIRECT MORTGAGE LOANS, LLC 1 2.63% $2,721
EVERETT FINANCIAL, INC. 1 3.50% $525
FAIR WAY LENDING LLC 1 2.25% $2,219
Fifth Third Bank 1 2.75% $2,217
FINANCE OF AMERICA MORTGAGE LLC 1 2.25% $6,796
FirstBank 1 2.25% $2,429
First Federal Bank of Kansas City 1 2.25% $2,362
First Home Bank 1 2.25% $2,752
First Internet Bank of Indiana 1 2.50% $2,556
FIRST SAVINGS MORTGAGE CORPORATION 1 2.25% $8,112
Gateway First Bank 1 2.88% $9,676
GENEVA FINANCIAL, LLC 1 3.00% $5,437
AmRes Corporation 1 2.38% $1,557
GUARANTEED RATE AFFINITY, LLC 1 2.25% $2,993
HANCOCK MORTGAGE PARTNERS, LLC 1 3.13% $3,860
IMPAC MORTGAGE CORP. 1 2.88% $2,494
INLAND BANK & TRUST 1 2.88% $6,751
Integrity Home Mortgage Corp 1 2.75% $8,914
Ixonia Bank 1 2.25% $3,181
JPMorgan Chase Bank 1 3.25% $11,554
Keystone Funding, Inc. 1 2.38% $3,191
LANGLEY 1 2.25% $2,862
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.00% $22,504
MASON MCDUFFIE MORTGAGE CORPORATION 1 2.62% $3,420
MICHIGAN MUTUAL, INC. 1 3.00% $14,534
MIDLAND MORTGAGE CORPORATION 1 2.75% $2,683
MILEND, INC. 1 3.25% $3,618
MORTGAGE INVESTORS GROUP, INC. 1 2.63% $6,003
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.88% $8,645
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.99% $2,239
NBH Bank 1 2.25% $7,043
American National Bank and Trust Company 1 3.00% $3,701
NTFN, INC. 1 2.88% $3,018
Oakstar Bank 1 2.75% $2,119
OCMBC, INC. 1 2.25% $2,562
OPEN MORTGAGE, LLC 1 3.13% $11,574
OVM FINANCIAL, INC. 1 2.75% $3,629
PANORAMA MORTGAGE GROUP, LLC 1 3.25% $11,785
AMERICAN FINANCIAL RESOURCES, INC. 1 2.25% $4,884
Peoples Bank 1 2.75% $4,755
PREMIER LENDING, INC. 1 3.13% $3,668
Sandy Spring Bank 1 2.25% $5,719
SeaTrust Mortgage Company 1 2.75% $7,384
Service Federal Credit Union 1 2.88% $899
Sierra Pacific Mortgage Company, Inc. 1 3.00% $4,205
Southern Bank and Trust Company 1 2.38% $1,764
Southern First Bank 1 2.25% $1,749
South State Bank 1 2.25% $1,810
SUCCESS MORTGAGE PARTNERS, INC. 1 2.50% $2,444
SWBC MORTGAGE CORPORATION 1 3.25% $19,589
TIAA, FSB 1 2.75% $26,711
Triumph Bank 1 2.25% $2,656
Union Savings Bank 1 2.25% $0
United Bank 1 2.75% $12,378
Allen Tate Mortgage Partners, LLC 1 2.50% $2,539
Victorian Finance, LLC 1 2.50% $8,596
Waterstone Mortgage Corporation 1 3.00% $4,287
West Town Bank & Trust 1 2.50% $2,914
WRIGHT-PATT CREDIT UNION, INC. 1 2.63% $3,708
Atlantic Coast Mortgage, LLC 1 2.63% $11,962

The top Raleigh VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 545 VA loans originated. Their average total fees are $5,443, which is $2,265 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Raleigh VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,265), PENTAGON FEDERAL CREDIT UNION ($2,624), LAKEVIEW LOAN SERVICING, LLC ($2,708), CALCON MUTUAL MORTGAGE LLC ($3,130) and FREEDOM MORTGAGE CORPORATION ($3,178).

The lowest rate Raleigh VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (2.26%), CLEARPATH LENDING (2.29%), TJC Mortgage, Inc. (2.30%), InterContinental Capital Group, Inc (2.33%) and SUN WEST MORTGAGE COMPANY, INC. (2.35%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Raleigh (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 $353,742 (3.6%) $425,099 (3.9%) 1.30 4,048
2018-02-01 $359,900 (3.6%) $428,887 (3.9%) 1.30 4,098
2018-03-01 $369,900 (2.8%) $440,880 (3.4%) 1.28 4,322
2018-04-01 $374,700 (1.8%) $442,115 (0.9%) 1.26 4,592
2018-05-01 $374,205 (1.2%) $444,706 (0.7%) 1.25 4,902
2018-06-01 $370,000 (1.4%) $448,058 (2.9%) 1.23 4,967
2018-07-01 $369,945 (1.4%) $449,779 (3.2%) 1.23 4,926
2018-08-01 $369,900 (1.6%) $448,388 (3.6%) 1.24 5,024
2018-09-01 $366,560 (0.5%) $444,302 (2.6%) 1.23 5,154
2018-10-01 $359,450 (-0.2%) $433,361 (0.7%) 1.20 5,399
2018-11-01 $354,950 (-1.4%) $430,588 (0.4%) 1.19 5,299
2018-12-01 $352,290 (-1.7%) $426,282 (-0.5%) 1.21 5,019
2019-01-01 $349,990 (-1.1%) $422,788 (-0.5%) 1.21 4,745
2019-02-01 $352,245 (-2.1%) $428,724 (0.0%) 1.18 4,717
2019-03-01 $363,743 (-1.7%) $439,143 (-0.4%) 1.19 4,707
2019-04-01 $369,995 (-1.3%) $449,632 (1.7%) 1.17 4,820
2019-05-01 $376,250 (0.6%) $457,233 (2.8%) 1.16 4,909
2019-06-01 $379,900 (2.7%) $456,497 (1.9%) 1.17 4,998
2019-07-01 $375,000 (1.4%) $454,546 (1.1%) 1.17 5,076
2019-08-01 $374,107 (1.1%) $450,811 (0.5%) 1.18 5,113
2019-09-01 $371,459 (1.3%) $446,679 (0.5%) 1.18 5,128
2019-10-01 $365,000 (1.5%) $444,197 (2.5%) 1.16 5,280
2019-11-01 $359,900 (1.4%) $442,820 (2.8%) 1.16 5,093
2019-12-01 $362,100 (2.8%) $445,520 (4.5%) 1.21 4,649
2020-01-01 $359,900 (2.8%) $444,663 (5.2%) 1.20 4,319
2020-02-01 $365,000 (3.6%) $450,856 (5.2%) 1.18 4,127
2020-03-01 $374,950 (3.1%) $462,522 (5.3%) 1.17 4,088
2020-04-01 $366,000 (-1.1%) $453,062 (0.8%) 1.14 4,348
2020-05-01 $374,900 (-0.4%) $466,999 (2.1%) 1.14 4,190
2020-06-01 $384,950 (1.3%) $487,082 (6.7%) 1.12 3,581
2020-07-01 $384,170 (2.5%) $487,805 (7.3%) 1.10 3,333
2020-08-01 $386,193 (3.2%) $487,666 (8.2%) 1.10 3,218
2020-09-01 $391,000 (5.3%) $496,732 (11.2%) 1.12 2,932
2020-10-01 $389,900 (6.8%) $497,109 (11.9%) 1.11 2,888
2020-11-01 $385,000 (7.0%) $493,715 (11.5%) 1.10 2,598
2020-12-01 $385,000 (6.3%) $496,449 (11.4%) 1.13 2,231
2021-01-01 $389,900 (8.3%) $507,114 (14.0%) 1.15 1,846
2021-02-01 $395,000 (8.2%) $525,054 (16.5%) 1.14 1,483
2021-03-01 $398,793 (6.4%) $531,609 (14.9%) 1.12 1,271
2021-04-01 $402,740 (10.0%) $544,638 (20.2%) 1.08 1,195
2021-05-01 $407,190 (8.6%) $554,238 (18.7%) 1.07 999
2021-06-01 $410,131 (6.5%) $562,410 (15.5%) 1.07 1,014
2021-07-01 $408,500 (6.3%) $547,527 (12.2%) 1.06 1,181
2021-08-01 $422,255 (9.3%) $567,561 (16.4%) 1.11 1,228
2021-09-01 $427,133 (9.2%) $559,329 (12.6%) 1.12 1,372
2021-10-01 $425,000 (9.0%) $556,756 (12.0%) 1.12 1,423
2021-11-01 $425,000 (10.4%) $554,431 (12.3%) 1.12 1,349
2021-12-01 $419,900 (9.1%) $551,202 (11.0%) 1.12 1,113
2022-01-01 $424,706 (8.9%) $569,984 (12.4%) 1.13 909
2022-02-01 $430,000 (8.9%) $594,027 (13.1%) 1.10 666
2022-03-01 $448,625 (12.5%) $632,932 (19.1%) 1.11 662
2022-04-01 $475,000 (17.9%) $624,166 (14.6%) 1.12 808
2022-05-01 $493,558 (21.2%) $609,128 (9.9%) 1.10 1,415
2022-06-01 $499,950 (21.9%) $624,124 (11.0%) 1.11 2,147
2022-07-01 $495,000 (21.2%) $612,789 (11.9%) 1.10 2,805
2022-08-01 $486,500 (15.2%) $605,868 (6.8%) 1.12 3,237
Raleigh's median listing price for 2022-08-01 was $486,500, a difference of $64,245 (15.2%) versus the prior year and $-8,500 versus the prior month.

Raleigh's median listing price comes in at 112% of the national average.

Raleigh's average listing price for 2022-08-01 was $605,868, a difference of $38,307 (6.8%) versus the prior year and $-6,921 versus the prior month.

For the 2022-08-01 period, Raleigh had 3,237 MLS listings, a difference of 432 listings (15%) versus the prior month and 2,009 listings (164%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Raleigh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 85 days 2,663 sqft
2018-02-01 72 days 2,655 sqft
2018-03-01 56 days 2,700 sqft
2018-04-01 53 days 2,681 sqft
2018-05-01 52 days 2,685 sqft
2018-06-01 56 days 2,668 sqft
2018-07-01 63 days 2,653 sqft
2018-08-01 65 days 2,654 sqft
2018-09-01 67 days 2,623 sqft
2018-10-01 72 days 2,592 sqft
2018-11-01 73 days 2,578 sqft
2018-12-01 82 days 2,563 sqft
2019-01-01 87 days 2,554 sqft
2019-02-01 82 days 2,558 sqft
2019-03-01 57 days 2,594 sqft
2019-04-01 50 days 2,630 sqft
2019-05-01 51 days 2,655 sqft
2019-06-01 51 days 2,639 sqft
2019-07-01 57 days 2,611 sqft
2019-08-01 59 days 2,595 sqft
2019-09-01 59 days 2,576 sqft
2019-10-01 60 days 2,544 sqft
2019-11-01 63 days 2,514 sqft
2019-12-01 69 days 2,520 sqft
2020-01-01 73 days 2,498 sqft
2020-02-01 64 days 2,530 sqft
2020-03-01 50 days 2,558 sqft
2020-04-01 50 days 2,503 sqft
2020-05-01 59 days 2,518 sqft
2020-06-01 63 days 2,547 sqft
2020-07-01 51 days 2,498 sqft
2020-08-01 43 days 2,474 sqft
2020-09-01 48 days 2,467 sqft
2020-10-01 49 days 2,425 sqft
2020-11-01 47 days 2,387 sqft
2020-12-01 51 days 2,378 sqft
2021-01-01 53 days 2,355 sqft
2021-02-01 36 days 2,309 sqft
2021-03-01 30 days 2,260 sqft
2021-04-01 23 days 2,303 sqft
2021-05-01 20 days 2,292 sqft
2021-06-01 15 days 2,254 sqft
2021-07-01 18 days 2,266 sqft
2021-08-01 19 days 2,258 sqft
2021-09-01 19 days 2,258 sqft
2021-10-01 19 days 2,249 sqft
2021-11-01 23 days 2,230 sqft
2021-12-01 33 days 2,198 sqft
2022-01-01 36 days 2,134 sqft
2022-02-01 20 days 2,161 sqft
2022-03-01 11 days 2,189 sqft
2022-04-01 9 days 2,260 sqft
2022-05-01 9 days 2,325 sqft
2022-06-01 15 days 2,354 sqft
2022-07-01 23 days 2,337 sqft
2022-08-01 30 days 2,336 sqft
Raleigh's median listing age (time on market) for 2022-08-01 was 30 days. This is 62% longer than the same period one year ago.

Raleigh's median square footage for active listings during the 2022-08-01 period was 2,336 sqft. One year prior, the average listing was 2,258 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.