Rockingham VA Loan Rates, Closing Costs & Stats

Rockingham, 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.

    Rockingham's 27 lenders originated 74 VA loans during 2024. The total origination value was $18,920,000, with an average VA loan value of $255,676.

    Rockingham VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Rockingham averaged 0.39% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Rockingham's average VA mortgage closing costs are $5,102.

    The average rate for the prior week (2025-06-27) was 6.82% and one month ago for the week of 2025-05-30, the average rate was 7.05%.

    The average rate one year ago was 6.86%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.2%.

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

    Rockingham 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 Rockingham level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 17 6.12% $5,296
    QUICKEN LOANS, LLC 6 6.60% $9,636
    FREEDOM MORTGAGE CORPORATION 5 6.33% $6,842
    LOANDEPOT.COM, LLC 4 6.81% $3,127
    UNION HOME MORTGAGE CORP. 4 7.09% $9,247
    NAVY FEDERAL CREDIT UNION 4 5.91% $7,407
    VILLAGE CAPITAL MORTGAGE 3 5.54% $5,347
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.38% $4,290
    PENNYMAC LOAN SERVICES, LLC 3 5.79% $4,398
    Prosperity Home Mortgage, LLC 2 6.38% $9,626
    UNITED WHOLESALE MORTGAGE, LLC 2 5.50% $6,733
    CARDINAL FINANCIAL 1 6.99% $8,032
    MOVEMENT MORTGAGE, LLC 1 6.25% $9,033
    BROKER SOLUTIONS, INC. 1 7.25% $13,127
    NEW DAY FINANCIAL, LLC 1 7.75% $8,046
    NEWREZ LLC 1 6.25% $4,181
    NFM, INC. 1 6.13% $1,090
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $7,428
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.99% $8,504
    ROYAL UNITED MORTGAGE LLC 1 6.63% $10,268
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $0
    Truist 1 6.25% $1,098
    American Security Mortgage Corp. 1 5.75% $10,368
    USAA Federal Savings Bank 1 6.38% $8,670
    GoPrime Mortgage, Inc. 1 5.75% $2,699
    EMM LOANS LLC 1 5.88% $17,951
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $14,833

    The top Rockingham VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $5,296, which is $4,340 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Rockingham VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,296), .

    The lowest rate Rockingham VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.12%), .

    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.