Raleigh VA Loan Rates, Closing Costs & Stats

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 163 lenders originated 1,968 VA loans during 2023. The total origination value was $791,150,000, with an average VA loan value of $402,007.

Raleigh VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Raleigh averaged 6.33% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

Raleigh's average VA mortgage closing costs are $6,363.

The average rate for the prior week (2024-06-07) was 6.4% and one month ago for the week of 2024-05-10, the average rate was 6.51%.

The average rate one year ago was 6.35%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.46%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Raleigh level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 216 6.62% $8,198
NAVY FEDERAL CREDIT UNION 136 5.74% $5,892
QUICKEN LOANS, LLC 113 6.07% $13,835
UNITED WHOLESALE MORTGAGE, LLC 107 6.13% $11,048
MOVEMENT MORTGAGE, LLC 82 6.34% $8,751
LOANDEPOT.COM, LLC 60 5.62% $13,951
FREEDOM MORTGAGE CORPORATION 51 6.47% $20,061
USAA Federal Savings Bank 49 6.06% $10,758
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 45 6.47% $8,528
PENNYMAC LOAN SERVICES, LLC 37 5.81% $11,735
DHI MORTGAGE COMPANY, LTD. 34 5.17% $8,171
The Federal Savings Bank 29 6.39% $18,289
EAGLE HOME MORTGAGE, LLC 29 5.97% $4,862
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 29 6.26% $9,892
American Security Mortgage Corp. 27 6.37% $10,478
NVR Mortgage Finance, Inc. 26 5.55% $5,774
GUARANTEED RATE, INC. 25 6.04% $7,065
MORTGAGE SOLUTIONS OF COLORADO, LLC 25 7.03% $8,658
Truist 24 5.66% $8,456
CROSSCOUNTRY MORTGAGE, LLC 22 6.58% $12,125
Prosperity Home Mortgage, LLC 22 6.15% $10,209
Towne Bank 21 5.86% $12,730
PULTE MORTGAGE LLC 21 5.43% $4,562
Mr. Cooper ( Nationstar Mortgage ) 19 5.90% $17,984
Wells Fargo Bank 19 5.72% $8,765
NEW DAY FINANCIAL, LLC 17 7.44% $16,251
First Heritage Mortgage, LLC 16 6.09% $11,942
GoPrime Mortgage, Inc. 16 6.14% $10,355
PENTAGON FEDERAL CREDIT UNION 16 5.70% $7,594
NFM, INC. 16 6.41% $12,538
VILLAGE CAPITAL MORTGAGE 16 6.00% $14,146
MATTAMY HOME FUNDING, LLC 16 5.95% $8,831
North State Bank 15 5.93% $7,674
NEWREZ LLC 14 6.16% $8,924
PRIMELENDING, A PLAINSCAPITAL COMPANY 13 6.44% $8,286
Plains Commerce Bank 12 6.01% $10,563
CORNERSTONE HOME LENDING, INC. 12 5.78% $9,777
Towne Mortgage of the Carolinas, LLC 12 6.31% $10,484
VANDERBILT MORTGAGE AND FINANCE, INC. 12 5.70% $3,659
ZILLOW HOME LOANS, LLC 11 6.22% $10,444
KBHS HOME LOANS, LLC 10 5.88% $10,808
CMG MORTGAGE, INC. 10 6.29% $10,466
RELIANCE FIRST CAPITAL, LLC 10 6.38% $15,039
United Community Bank 9 6.24% $10,935
FIRST EQUITY MORTGAGE INCORPORATED 9 5.75% $10,963
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 9 6.53% $6,760
AMERISAVE MORTGAGE CORPORATION 8 5.70% $23,524
EQUITY RESOURCES, INC. 8 6.08% $7,535
Integrity Home Mortgage Corp 8 6.14% $7,693
HOMESPIRE MORTGAGE CORPORATION 8 6.69% $3,700
FIRST HOME MORTGAGE CORPORATION 8 6.72% $7,368
ACADEMY MORTGAGE CORPORATION 8 6.17% $7,538
MUTUAL OF OMAHA MORTGAGE, INC. 8 6.45% $10,187
Flagstar Bank, FSB 7 6.00% $9,429
VERITAS FUNDING, LLC 7 6.30% $19,036
Mid-Continent Funding, Inc. 7 6.52% $12,204
The Central Trust Bank 7 6.18% $12,132
BROKER SOLUTIONS, INC. 7 6.50% $10,529
BNC National Bank 7 5.34% $14,125
LAKEVIEW LOAN SERVICING, LLC 6 5.69% $17,787
Alcova Mortgage LLC 6 6.54% $9,155
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 6.67% $11,580
Equity Prime Mortgage LLC 6 6.88% $6,980
FBC MORTGAGE, LLC 6 5.54% $5,222
JET HOMELOANS, LLC 6 6.08% $8,992
PLANET HOME LENDING, LLC 6 6.06% $9,842
SOUTHERN TRUST MORTGAGE, LLC 6 6.38% $15,512
VELOCIO MORTGAGE L.L.C. 6 6.21% $13,786
Barrington Bank & Trust Company, N.A. 5 6.55% $10,965
Magnolia Bank 5 6.32% $19,680
HOWARD HANNA FINANCIAL SERVICES, INC. 5 6.78% $6,847
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.50% $11,389
UNION HOME MORTGAGE CORP. 5 6.25% $12,216
GUILD MORTGAGE COMPANY 5 6.45% $12,271
INTERCOASTAL MORTGAGE COMPANY 5 6.98% $9,078
TIDEWATER MORTGAGE SERVICES, INC. 4 6.31% $19,970
CONTOUR MORTGAGE CORPORATION 4 6.03% $11,853
T2 FINANCIAL LLC 4 6.63% $7,706
CAPITAL CENTER, L.L.C. 4 6.53% $4,806
Citizens Bank 4 5.91% $9,705
NBKC BANK 4 5.84% $11,550
Paramount Residential Mortgage Group, Inc. 4 6.31% $4,508
PLAZA HOME MORTGAGE, INC. 4 6.09% $6,939
Ameris Bank 3 6.54% $6,258
Armed Forces Bank 3 5.71% $11,792
NTFN, INC. 3 5.75% $4,831
Northpointe Bank 3 6.58% $11,566
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.71% $11,974
LADERA LENDING, INC. 3 6.63% $9,847
Bank of England 3 6.33% $11,814
First National Bank of Pennsylvania 3 6.46% $5,486
South Pacific Financial Corporation 3 5.63% $3,406
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.96% $15,703
First-Citizens Bank & Trust Company 3 6.00% $7,568
U.S. Bank 3 6.13% $10,156
CARDINAL FINANCIAL 3 5.75% $18,596
Century Mortgage Company DBA Century Lending Company 3 5.54% $23,508
SUN WEST MORTGAGE COMPANY, INC. 2 5.69% $7,803
JPMorgan Chase Bank 2 5.31% $8,545
FIRST SAVINGS MORTGAGE CORPORATION 2 6.06% $6,635
MILEND, INC. 2 7.00% $12,664
MORTGAGEONE, INC. 2 7.50% $1,697
EMM LOANS LLC 2 5.44% $35,830
Corporate Investors Mortgage Group, Inc. 2 6.44% $9,338
Nations Lending Corporation 2 6.38% $7,753
CHURCHILL MORTGAGE CORPORATION 2 6.00% $15,475
CALIBER HOME LOANS, INC. 2 5.75% $14,972
Regions Bank 2 7.19% $3,978
RESIDENTIAL HOME FUNDING CORP. 2 5.38% $2,674
RESOURCE FINANCIAL SERVICES, INC. 2 6.00% $16,448
SECURITYNATIONAL MORTGAGE COMPANY 2 6.25% $9,348
SFMC, LP 2 7.24% $17,368
AMERICAN FINANCIAL RESOURCES, INC. 2 7.25% $8,843
Strong Home Mortgage, LLC 2 6.00% $4,656
TBI MORTGAGE COMPANY 2 5.63% $14,355
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.63% $21,926
HOMESIDE FINANCIAL, LLC 2 7.25% $18,143
PNC Bank 1 6.75% $2,733
PREMIA MORTGAGE, LLC 1 5.13% $2,445
MID AMERICA MORTGAGE, INC. 1 7.13% $38,084
Capital Bank 1 5.99% $4,275
KELLER MORTGAGE, LLC 1 5.75% $13,464
Blue Ridge Bank 1 6.38% $5,510
BAYSHORE MORTGAGE FUNDING, LLC 1 6.88% $13,967
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.63% $16,499
BAY EQUITY LLC 1 5.75% $12,676
HUNT MORTGAGE CORPORATION 1 5.75% $2,993
Ixonia Bank 1 6.50% $3,802
ROYAL UNITED MORTGAGE LLC 1 5.63% $24,073
SeaTrust Mortgage Company 1 6.25% $2,126
INTERCAP LENDING INC. 1 6.38% $15,111
AmeriHome Mortgage Company, LLC 1 6.63% $11,994
Shamrock Home Loans, Inc. 1 6.50% $2,547
ACOPIA, LLC 1 6.12% $10,661
First Horizon Bank 1 6.00% $3,596
SOVEREIGN LENDING GROUP INCORPORATED 1 5.38% $19,398
STOCKTON MORTGAGE CORPORATION 1 7.75% $9,112
First Western Trust Bank 1 5.88% $5,508
SUCCESS MORTGAGE PARTNERS, INC. 1 6.88% $24,754
Sunflower Bank 1 6.13% $13,584
GUARANTEED RATE AFFINITY, LLC 1 6.75% $895
SWBC MORTGAGE CORPORATION 1 5.75% $21,538
LOANPAL, LLC 1 7.00% $19,830
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.49% $5,417
BAY CAPITAL MORTGAGE CORPORATION 1 5.63% $12,821
Leader Bank 1 7.25% $11,793
The Loan Store, Inc. 1 6.25% $7,170
First Reliance Bank 1 6.50% $19,715
Lakeview Community Capital, LLC 1 5.50% $15,159
TOWNE MORTGAGE COMPANY 1 6.63% $8,067
Bank Five Nine 1 6.38% $15,324
North American Savings Bank, F.S.B. 1 5.75% $2,481
CityWorth Mortgage LLC 1 5.75% $8,970
Atlantic Coast Mortgage, LLC 1 5.63% $21,529
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $15,842
NATIONS DIRECT MORTGAGE, LLC 1 6.75% $6,037
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.25% $4,264
CBM Mortgage, Inc. 1 7.00% $2,660
DELMAR FINANCIAL COMPANY 1 6.50% $1,595
Pinnacle Bank 1 5.63% $15,376
Encompass Lending Group, LP 1 5.75% $7,002
AMERICAN FINANCING CORPORATION 1 5.88% $8,237
M/I FINANCIAL, LLC 1 6.38% $11,578

The top Raleigh VA lender as defined by loan originations is Mortgage Research Center, LLC, with 216 VA loans originated. Their average total fees are $8,198, which is $2,306 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

The lowest fee Raleigh VA lenders (with over 10 loans originated) are VANDERBILT MORTGAGE AND FINANCE, INC. ($3,659), PULTE MORTGAGE LLC ($4,562), EAGLE HOME MORTGAGE, LLC ($4,862), NVR Mortgage Finance, Inc. ($5,774) and NAVY FEDERAL CREDIT UNION ($5,892).

The lowest rate Raleigh VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.17%), PULTE MORTGAGE LLC (5.43%), NVR Mortgage Finance, Inc. (5.55%), LOANDEPOT.COM, LLC (5.62%) and Truist (5.66%).


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 $350,080 (2.5%) $423,693 (3.1%) 1.30 3,973
2018-02-01 $358,693 (3.2%) $427,864 (3.1%) 1.30 4,010
2018-03-01 $368,837 (2.5%) $439,760 (2.6%) 1.29 4,228
2018-04-01 $369,951 (0.0%) $441,023 (0.0%) 1.25 4,498
2018-05-01 $369,950 (0.0%) $442,374 (-0.1%) 1.24 4,821
2018-06-01 $369,700 (1.0%) $445,449 (1.8%) 1.23 4,913
2018-07-01 $369,450 (0.6%) $448,748 (2.9%) 1.23 4,814
2018-08-01 $369,664 (1.6%) $447,787 (3.4%) 1.24 4,907
2018-09-01 $365,900 (0.3%) $442,771 (2.4%) 1.23 5,031
2018-10-01 $357,985 (-0.6%) $432,120 (0.8%) 1.21 5,275
2018-11-01 $355,281 (-1.3%) $430,386 (0.7%) 1.20 5,155
2018-12-01 $353,899 (-0.6%) $426,868 (-0.1%) 1.22 4,904
2019-01-01 $349,995 (0.0%) $423,873 (0.0%) 1.21 4,626
2019-02-01 $354,745 (-1.1%) $430,435 (0.6%) 1.20 4,580
2019-03-01 $363,771 (-1.4%) $439,870 (0.0%) 1.19 4,596
2019-04-01 $369,500 (-0.1%) $449,308 (1.9%) 1.17 4,723
2019-05-01 $375,000 (1.4%) $455,927 (3.1%) 1.17 4,830
2019-06-01 $376,000 (1.7%) $453,492 (1.8%) 1.18 4,931
2019-07-01 $375,000 (1.5%) $452,187 (0.8%) 1.17 5,004
2019-08-01 $371,807 (0.6%) $448,155 (0.1%) 1.18 5,084
2019-09-01 $367,528 (0.4%) $444,569 (0.4%) 1.18 5,147
2019-10-01 $364,100 (1.7%) $441,993 (2.3%) 1.17 5,188
2019-11-01 $359,418 (1.2%) $440,540 (2.4%) 1.18 4,990
2019-12-01 $359,950 (1.7%) $442,899 (3.8%) 1.20 4,532
2020-01-01 $358,714 (2.5%) $442,855 (4.5%) 1.20 4,218
2020-02-01 $364,645 (2.8%) $450,735 (4.7%) 1.19 4,108
2020-03-01 $372,685 (2.5%) $461,154 (4.8%) 1.17 4,030
2020-04-01 $363,849 (-1.5%) $451,689 (0.5%) 1.14 4,289
2020-05-01 $369,990 (-1.3%) $465,377 (2.1%) 1.12 4,192
2020-06-01 $381,450 (1.5%) $486,068 (7.2%) 1.12 3,573
2020-07-01 $381,439 (1.7%) $487,119 (7.7%) 1.11 3,317
2020-08-01 $385,000 (3.6%) $487,345 (8.7%) 1.10 3,201
2020-09-01 $390,708 (6.3%) $495,072 (11.4%) 1.12 2,895
2020-10-01 $389,900 (7.1%) $496,028 (12.2%) 1.12 2,854
2020-11-01 $385,000 (7.1%) $492,706 (11.8%) 1.13 2,568
2020-12-01 $387,376 (7.6%) $497,675 (12.4%) 1.15 2,199
2021-01-01 $389,900 (8.7%) $508,063 (14.7%) 1.16 1,853
2021-02-01 $395,775 (8.5%) $525,866 (16.7%) 1.15 1,478
2021-03-01 $397,450 (6.7%) $528,581 (14.6%) 1.13 1,281
2021-04-01 $399,510 (9.8%) $541,473 (19.9%) 1.08 1,203
2021-05-01 $403,297 (9.0%) $550,589 (18.3%) 1.07 1,030
2021-06-01 $408,898 (7.2%) $559,651 (15.1%) 1.08 1,046
2021-07-01 $409,900 (7.5%) $545,206 (11.9%) 1.08 1,207
2021-08-01 $424,630 (10.3%) $563,887 (15.7%) 1.13 1,249
2021-09-01 $425,000 (8.8%) $554,489 (12.0%) 1.13 1,408
2021-10-01 $425,000 (9.0%) $551,039 (11.1%) 1.13 1,461
2021-11-01 $426,870 (10.9%) $553,907 (12.4%) 1.14 1,340
2021-12-01 $423,320 (9.3%) $551,595 (10.8%) 1.15 1,097
2022-01-01 $426,000 (9.3%) $567,969 (11.8%) 1.15 900
2022-02-01 $433,862 (9.6%) $589,111 (12.0%) 1.13 660
2022-03-01 $450,725 (13.4%) $619,727 (17.2%) 1.13 694
2022-04-01 $476,565 (19.3%) $620,214 (14.5%) 1.14 850
2022-05-01 $494,500 (22.6%) $608,331 (10.5%) 1.13 1,437
2022-06-01 $499,950 (22.3%) $626,853 (12.0%) 1.11 2,103
2022-07-01 $495,000 (20.8%) $614,383 (12.7%) 1.12 2,767
2022-08-01 $486,247 (14.5%) $605,260 (7.3%) 1.12 3,187
2022-09-01 $464,000 (9.2%) $580,273 (4.7%) 1.08 3,765
2022-10-01 $455,000 (7.1%) $576,049 (4.5%) 1.07 3,935
2022-11-01 $449,725 (5.4%) $570,347 (3.0%) 1.08 3,886
2022-12-01 $448,900 (6.0%) $569,095 (3.2%) 1.11 3,595
2023-01-01 $445,950 (4.7%) $573,153 (0.9%) 1.10 3,200
2023-02-01 $449,787 (3.7%) $583,580 (-0.9%) 1.09 2,831
2023-03-01 $450,000 (-0.2%) $597,307 (-3.6%) 1.06 2,598
2023-04-01 $465,000 (-2.4%) $630,194 (1.6%) 1.08 2,427
2023-05-01 $474,490 (-4.1%) $640,399 (5.3%) 1.08 2,496
2023-06-01 $478,886 (-4.2%) $642,353 (2.5%) 1.08 2,526
2023-07-01 $469,900 (-5.1%) $634,143 (3.2%) 1.07 2,565
2023-08-01 $464,950 (-4.4%) $628,919 (3.9%) 1.07 2,667
2023-09-01 $459,750 (-0.9%) $624,453 (7.6%) 1.07 2,842
2023-10-01 $457,515 (0.6%) $621,273 (7.9%) 1.08 3,107
2023-11-01 $451,735 (0.5%) $615,991 (8.0%) 1.08 3,202
2023-12-01 $446,455 (-0.5%) $614,957 (8.1%) 1.09 2,951
2024-01-01 $439,945 (-1.4%) $622,802 (8.7%) 1.07 2,651
2024-02-01 $439,998 (-2.2%) $633,754 (8.6%) 1.06 2,648
2024-03-01 $449,990 (0.0%) $643,395 (7.7%) 1.06 2,756
2024-04-01 $451,258 (-3.0%) $640,046 (1.6%) 1.05 2,925
2024-05-01 $462,135 (-2.6%) $651,317 (1.7%) 1.04 3,195
Raleigh's median listing price for 2024-05-01 was $462,135, a difference of $-12,355 (-2.6%) versus the prior year and $10,877 versus the prior month.

Raleigh's median listing price comes in at 104% of the national average.

Raleigh's average listing price for 2024-05-01 was $651,317, a difference of $10,918 (1.7%) versus the prior year and $11,271 versus the prior month.

For the 2024-05-01 period, Raleigh had 3,195 MLS listings, a difference of 270 listings (9%) versus the prior month and 699 listings (28%) 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 82 days 2,659 sqft
2018-02-01 69 days 2,652 sqft
2018-03-01 53 days 2,700 sqft
2018-04-01 51 days 2,669 sqft
2018-05-01 50 days 2,676 sqft
2018-06-01 53 days 2,666 sqft
2018-07-01 60 days 2,653 sqft
2018-08-01 62 days 2,655 sqft
2018-09-01 65 days 2,623 sqft
2018-10-01 68 days 2,588 sqft
2018-11-01 71 days 2,578 sqft
2018-12-01 78 days 2,564 sqft
2019-01-01 83 days 2,557 sqft
2019-02-01 74 days 2,561 sqft
2019-03-01 61 days 2,594 sqft
2019-04-01 50 days 2,625 sqft
2019-05-01 50 days 2,651 sqft
2019-06-01 50 days 2,629 sqft
2019-07-01 56 days 2,604 sqft
2019-08-01 57 days 2,578 sqft
2019-09-01 58 days 2,555 sqft
2019-10-01 59 days 2,541 sqft
2019-11-01 61 days 2,500 sqft
2019-12-01 69 days 2,505 sqft
2020-01-01 72 days 2,483 sqft
2020-02-01 59 days 2,519 sqft
2020-03-01 47 days 2,548 sqft
2020-04-01 50 days 2,495 sqft
2020-05-01 58 days 2,508 sqft
2020-06-01 58 days 2,539 sqft
2020-07-01 48 days 2,485 sqft
2020-08-01 40 days 2,464 sqft
2020-09-01 45 days 2,456 sqft
2020-10-01 44 days 2,426 sqft
2020-11-01 44 days 2,386 sqft
2020-12-01 49 days 2,376 sqft
2021-01-01 45 days 2,355 sqft
2021-02-01 33 days 2,309 sqft
2021-03-01 25 days 2,259 sqft
2021-04-01 20 days 2,299 sqft
2021-05-01 17 days 2,275 sqft
2021-06-01 16 days 2,261 sqft
2021-07-01 18 days 2,253 sqft
2021-08-01 20 days 2,256 sqft
2021-09-01 19 days 2,245 sqft
2021-10-01 20 days 2,228 sqft
2021-11-01 22 days 2,219 sqft
2021-12-01 34 days 2,198 sqft
2022-01-01 33 days 2,139 sqft
2022-02-01 16 days 2,146 sqft
2022-03-01 11 days 2,186 sqft
2022-04-01 10 days 2,250 sqft
2022-05-01 12 days 2,319 sqft
2022-06-01 16 days 2,356 sqft
2022-07-01 23 days 2,337 sqft
2022-08-01 30 days 2,334 sqft
2022-09-01 42 days 2,287 sqft
2022-10-01 47 days 2,269 sqft
2022-11-01 56 days 2,267 sqft
2022-12-01 68 days 2,284 sqft
2023-01-01 74 days 2,285 sqft
2023-02-01 66 days 2,288 sqft
2023-03-01 52 days 2,305 sqft
2023-04-01 48 days 2,327 sqft
2023-05-01 43 days 2,337 sqft
2023-06-01 43 days 2,347 sqft
2023-07-01 42 days 2,312 sqft
2023-08-01 40 days 2,299 sqft
2023-09-01 43 days 2,275 sqft
2023-10-01 44 days 2,254 sqft
2023-11-01 49 days 2,231 sqft
2023-12-01 63 days 2,205 sqft
2024-01-01 63 days 2,165 sqft
2024-02-01 44 days 2,171 sqft
2024-03-01 42 days 2,186 sqft
2024-04-01 38 days 2,167 sqft
2024-05-01 32 days 2,175 sqft
Raleigh's median listing age (time on market) for 2024-05-01 was 32 days. This is -27% shorter than the same period one year ago.

Raleigh's median square footage for active listings during the 2024-05-01 period was 2,175 sqft. One year prior, the average listing was 2,337 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.