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 192 lenders originated 2,847 VA loans during 2022. The total origination value was $1,092,075,000, with an average VA loan value of $383,588.

Raleigh VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Raleigh averaged 6.05% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Raleigh's average VA mortgage closing costs are $6,023.

The average rate for the prior week (2024-02-23) was 6.28% and one month ago for the week of 2024-01-26, the average rate was 5.71%.

The average rate one year ago was 6.04%.

For refis of the same type during the week of 2024-03-01, the average rate was 4.97%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 260 4.86% $9,486
QUICKEN LOANS, LLC 246 4.08% $13,632
NAVY FEDERAL CREDIT UNION 161 3.85% $6,620
UNITED WHOLESALE MORTGAGE, LLC 156 4.11% $11,137
FREEDOM MORTGAGE CORPORATION 133 4.06% $12,182
PENNYMAC LOAN SERVICES, LLC 95 3.26% $11,062
LOANDEPOT.COM, LLC 92 3.96% $10,030
MOVEMENT MORTGAGE, LLC 82 4.62% $7,884
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 75 4.66% $7,692
USAA Federal Savings Bank 65 4.17% $7,635
NEW DAY FINANCIAL, LLC 53 4.68% $13,782
CORNERSTONE HOME LENDING, INC. 45 4.51% $7,301
Wells Fargo Bank 42 3.89% $8,619
The Federal Savings Bank 37 4.68% $16,069
GUARANTEED RATE, INC. 33 4.36% $7,583
Mr. Cooper ( Nationstar Mortgage ) 33 4.72% $12,545
Prosperity Home Mortgage, LLC 31 4.33% $10,145
PENTAGON FEDERAL CREDIT UNION 27 3.42% $5,297
CALIBER HOME LOANS, INC. 26 4.07% $9,828
GoPrime Mortgage, Inc. 26 4.42% $8,485
MATTAMY HOME FUNDING, LLC 26 3.83% $11,913
American Security Mortgage Corp. 26 4.53% $11,396
PULTE MORTGAGE LLC 25 4.15% $4,924
AMERISAVE MORTGAGE CORPORATION 25 4.03% $10,524
DHI MORTGAGE COMPANY, LTD. 24 4.41% $8,253
MORTGAGE SOLUTIONS OF COLORADO, LLC 22 5.18% $10,337
NVR Mortgage Finance, Inc. 22 4.02% $7,995
CROSSCOUNTRY MORTGAGE, LLC 21 4.65% $14,449
PRIMELENDING, A PLAINSCAPITAL COMPANY 20 4.79% $10,603
LAKEVIEW LOAN SERVICING, LLC 20 3.44% $8,961
CLEARPATH LENDING 19 3.36% $13,328
VANDERBILT MORTGAGE AND FINANCE, INC. 18 4.95% $8,666
Flagstar Bank, FSB 17 4.66% $5,574
Towne Mortgage of the Carolinas, LLC 17 4.27% $9,206
ACADEMY MORTGAGE CORPORATION 17 4.21% $11,357
NFM, INC. 17 4.77% $9,830
HOME POINT FINANCIAL CORPORATION 16 3.94% $8,337
EQUITY RESOURCES, INC. 16 4.41% $9,008
First Heritage Mortgage, LLC 16 4.58% $13,601
North State Bank 16 4.16% $9,193
The Central Trust Bank 15 4.34% $9,165
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 15 5.12% $9,054
EAGLE HOME MORTGAGE, LLC 15 4.50% $7,283
Truist 15 4.29% $7,421
UNION HOME MORTGAGE CORP. 14 4.31% $10,862
NEWREZ LLC 13 3.92% $8,353
CMG MORTGAGE, INC. 13 4.95% $5,979
JET HOMELOANS, LLC 13 4.99% $9,682
MUTUAL OF OMAHA MORTGAGE, INC. 12 4.04% $17,287
Carrington Mortgage Services, LLC 12 4.35% $9,226
AMERICAN FINANCING CORPORATION 11 3.69% $9,262
KBHS HOME LOANS, LLC 11 4.50% $12,825
THE MORTGAGE FIRM, INC. 11 4.26% $10,279
Towne Bank 11 4.75% $10,229
BROKER SOLUTIONS, INC. 11 4.98% $11,728
VILLAGE CAPITAL MORTGAGE 10 3.75% $11,128
Alcova Mortgage LLC 10 4.60% $9,515
CARDINAL FINANCIAL 10 3.79% $8,031
LOANPAL, LLC 9 3.88% $14,985
PLANET HOME LENDING, LLC 9 4.39% $13,873
FIRST EQUITY MORTGAGE INCORPORATED 9 4.08% $10,806
Wyndham Capital Mortgage, Inc. 8 3.02% $8,551
Strong Home Mortgage, LLC 8 3.11% $6,963
HOMESPIRE MORTGAGE CORPORATION 8 4.56% $4,562
SOUTHERN TRUST MORTGAGE, LLC 8 4.09% $8,355
HOMEBRIDGE FINANCIAL SERVICES, INC. 8 4.39% $10,611
U.S. Bank 8 4.04% $11,494
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 4.61% $9,795
T2 FINANCIAL LLC 7 4.71% $12,460
Lakeview Community Capital, LLC 7 4.38% $6,325
RELIANCE FIRST CAPITAL, LLC 7 4.55% $10,321
United Community Bank 7 4.82% $14,535
Magnolia Bank 7 4.30% $13,259
NBKC BANK 7 4.59% $10,378
Corporate Investors Mortgage Group, Inc. 7 4.04% $15,719
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 5.48% $15,537
South Pacific Financial Corporation 7 4.48% $17,226
FIRST HOME MORTGAGE CORPORATION 6 4.46% $10,775
HOMESIDE FINANCIAL, LLC 6 4.17% $9,539
Mid-Continent Funding, Inc. 6 4.31% $8,548
CONTOUR MORTGAGE CORPORATION 6 4.27% $14,714
ZILLOW HOME LOANS, LLC 5 4.68% $19,008
INTERCOASTAL MORTGAGE COMPANY 5 5.20% $7,976
Low VA Rates, LLC 5 4.95% $23,584
VERITAS FUNDING, LLC 5 5.03% $15,227
Ameris Bank 4 4.53% $5,069
Nations Lending Corporation 4 5.59% $10,445
Armed Forces Bank 4 4.72% $6,672
BNC National Bank 4 3.75% $4,271
Barrington Bank & Trust Company, N.A. 4 4.45% $15,514
Alpha Mortgage Corporation 3 5.79% $8,783
First Mortgage Solutions, LLC 3 3.16% $9,556
GUILD MORTGAGE COMPANY 3 5.08% $8,427
Texana Bank 3 3.42% $12,511
First Federal Bank 3 4.00% $9,484
Plains Commerce Bank 3 5.38% $4,570
LADERA LENDING, INC. 3 4.63% $13,408
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.13% $8,425
Allen Tate Mortgage Partners, LLC 3 4.83% $10,177
Credence Funding Corporation 2 3.25% $6,043
First Horizon Bank 2 4.31% $3,040
PHH Mortgage Corporation 2 3.50% $5,100
Fifth Third Bank 2 4.88% $10,808
PLAZA HOME MORTGAGE, INC. 2 4.81% $25,083
PNC Bank 2 2.94% $7,491
M/I FINANCIAL, LLC 2 3.13% $15,208
PREMIA MORTGAGE, LLC 2 3.88% $11,622
Citizens Bank 2 4.38% $3,278
CAPITAL CENTER, L.L.C. 2 2.69% $1,930
EVERETT FINANCIAL, INC. 2 4.19% $6,938
RAPID MORTGAGE COMPANY 2 5.75% $11,953
Regions Bank 2 3.69% $9,404
HOMESTAR FINANCIAL CORPORATION 2 4.75% $2,484
RESOURCE FINANCIAL SERVICES, INC. 2 3.19% $11,471
North American Savings Bank, F.S.B. 2 2.81% $13,913
Northpointe Bank 2 4.13% $18,681
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.69% $6,725
SECURITYNATIONAL MORTGAGE COMPANY 2 5.25% $7,011
FIRST COMMUNITY MORTGAGE, INC. 2 3.69% $10,637
NP, Inc. 2 2.50% $6,380
Blue Ridge Bank 2 5.19% $16,454
First-Citizens Bank & Trust Company 2 3.63% $9,286
MICHIGAN MUTUAL, INC. 2 5.81% $4,992
BAYSHORE MORTGAGE FUNDING, LLC 2 6.19% $4,510
FINANCE OF AMERICA MORTGAGE LLC 2 4.81% $10,054
Sunflower Bank 2 3.50% $7,838
SUN WEST MORTGAGE COMPANY, INC. 2 4.00% $10,571
BAY EQUITY LLC 2 5.13% $17,686
Bank of England 1 3.38% $22,686
The Fidelity Bank 1 5.25% $5,070
The Huntington National Bank 1 3.88% $3,085
Bank of America 1 4.25% $8,367
THRIVE MORTGAGE, LLC 1 5.63% $2,394
TIDEWATER MORTGAGE SERVICES, INC. 1 4.63% $2,980
TJC Mortgage, Inc. 1 3.25% $6,240
TOP FLITE FINANCIAL, INC. 1 5.63% $6,445
Atlantic Union Bank 1 3.50% $3,891
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.13% $21,414
ANGEL OAK HOME LOANS LLC 1 3.25% $7,697
Amerifirst Financial, Inc. 1 5.13% $6,405
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.50% $14,334
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 3.38% $3,632
VELOCIO MORTGAGE L.L.C. 1 3.88% $29,870
Academy Bank 1 4.50% $7,821
Victorian Finance, LLC 1 3.63% $9,140
AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $958
Watermark Capital, Inc. 1 4.63% $4,244
INLAND BANK & TRUST 1 5.50% $16,827
Willamette Valley Bank 1 2.75% $14,253
SeaTrust Mortgage Company 1 5.63% $8,327
HAMILTON HOME LOANS, INC. 1 5.63% $3,732
GEO-CORP, INC. 1 2.50% $4,396
Lend Smart Mortgage, LLC 1 7.00% $13,061
LENOX FINANCIAL MORTGAGE CORPORATION 1 4.75% $20,370
Gateway First Bank 1 3.13% $25,745
LOANFLIGHT LENDING, LLC 1 2.37% $1,026
FLAT BRANCH MORTGAGE, INC. 1 5.75% $5,016
First National Bank of Pennsylvania 1 3.38% $16,450
MCLEAN MORTGAGE CORPORATION 1 3.38% $3,101
MID AMERICA MORTGAGE, INC. 1 3.99% $2,346
MORTGAGE FINANCIAL GROUP, INC. 1 4.75% $27,906
First Guaranty Mortgage Corporation 1 2.63% $15,575
M&T Bank 1 5.75% $3,571
Mutual Federal Bank 1 6.25% $38,661
NATIONS DIRECT MORTGAGE, LLC 1 6.25% $5,081
NATIONWIDE MORTGAGE BANKERS, INC. 1 5.25% $6,659
FBC MORTGAGE, LLC 1 4.50% $4,554
NETWORK CAPITAL FUNDING CORPORATION 1 4.25% $6,279
Equity Prime Mortgage LLC 1 3.75% $9,090
Encompass Lending Group, LP 1 3.25% $13,175
EMM LOANS LLC 1 6.13% $18,402
NTFN, INC. 1 7.13% $3,359
DIRECT MORTGAGE LOANS, LLC 1 5.75% $17,906
OVM FINANCIAL, INC. 1 3.50% $3,654
PANORAMA MORTGAGE GROUP, LLC 1 4.63% $5,358
Paramount Bank 1 5.63% $18,622
Paramount Residential Mortgage Group, Inc. 1 6.75% $16,349
Colony Bank 1 4.75% $11,793
Colonial Savings, F.A. 1 4.50% $5,076
POLARIS HOME FUNDING CORP. 1 3.38% $7,030
CHURCHILL MORTGAGE CORPORATION 1 4.88% $17,885
Capital Bank 1 2.99% $3,772
CALCON MUTUAL MORTGAGE LLC 1 3.75% $7,249
Renasant Bank 1 4.00% $7,239
RESIDENTIAL BANCORP 1 2.88% $10,017
ROSS MORTGAGE CORPORATION 1 5.25% $7,906
Sierra Pacific Mortgage Company, Inc. 1 2.75% $6,319
SIRVA MORTGAGE, INC. 1 5.13% $1,572
BETTER MORTGAGE CORPORATION 1 2.75% $3,206
South State Bank 1 3.25% $2,850
SOVEREIGN LENDING GROUP INCORPORATED 1 3.88% $3,777
SUCCESS MORTGAGE PARTNERS, INC. 1 2.99% $2,813

The top Raleigh VA lender as defined by loan originations is Mortgage Research Center, LLC, with 260 VA loans originated. Their average total fees are $9,486, which is $4,146 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Raleigh VA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($4,924), PENTAGON FEDERAL CREDIT UNION ($5,297), Flagstar Bank, FSB ($5,574), CMG MORTGAGE, INC. ($5,979) and NAVY FEDERAL CREDIT UNION ($6,620).

The lowest rate Raleigh VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.26%), CLEARPATH LENDING (3.36%), PENTAGON FEDERAL CREDIT UNION (3.42%), LAKEVIEW LOAN SERVICING, LLC (3.44%) and AMERICAN FINANCING CORPORATION (3.69%).


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
Raleigh's median listing price for 2024-01-01 was $439,945, a difference of $-6,005 (-1.4%) versus the prior year and $-6,510 versus the prior month.

Raleigh's median listing price comes in at 107% of the national average.

Raleigh's average listing price for 2024-01-01 was $622,802, a difference of $49,649 (8.7%) versus the prior year and $7,845 versus the prior month.

For the 2024-01-01 period, Raleigh had 2,651 MLS listings, a difference of -300 listings (-10%) versus the prior month and -549 listings (-17%) 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
Raleigh's median listing age (time on market) for 2024-01-01 was 63 days. This is -15% shorter than the same period one year ago.

Raleigh's median square footage for active listings during the 2024-01-01 period was 2,165 sqft. One year prior, the average listing was 2,285 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.