Rockingham VA Loan Rates, Closing Costs & Stats
Rockingham, 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.
Rockingham's 22 lenders originated 59 VA loans during 2023. The total origination value was $14,605,000, with an average VA loan value of $247,542.
Rockingham VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Rockingham
averaged
5.97%
for the week of 2024-12-13, compared to the national average (all VA variants) of
6.077% for the same period.
Rockingham's average VA mortgage closing costs are $4,839.
The average rate for the prior week (2024-12-06) was
5.9% and
one month ago for the week of 2024-11-08, the
average rate was 6.3%.
The average rate one year ago was 6.65%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.08%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 18 | 7.01% | $3,289 |
| QUICKEN LOANS, LLC | 5 | 6.37% | $9,356 |
| NEW DAY FINANCIAL, LLC | 3 | 7.74% | $11,417 |
| USAA Federal Savings Bank | 3 | 7.21% | $7,310 |
| UNION HOME MORTGAGE CORP. | 3 | 6.75% | $5,658 |
| Ameris Bank | 2 | 6.63% | $6,995 |
| CARDINAL FINANCIAL | 2 | 6.00% | $16,966 |
| FREEDOM MORTGAGE CORPORATION | 2 | 6.75% | $19,534 |
| INTERCOASTAL MORTGAGE COMPANY | 2 | 6.88% | $3,579 |
| NAVY FEDERAL CREDIT UNION | 2 | 5.50% | $600 |
| PENNYMAC LOAN SERVICES, LLC | 2 | 5.63% | $5,448 |
| RELIANCE FIRST CAPITAL, LLC | 2 | 6.38% | $8,397 |
| MOVEMENT MORTGAGE, LLC | 1 | 6.13% | $5,154 |
| CMG MORTGAGE, INC. | 1 | 5.75% | $28,929 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.50% | $4,570 |
| Barrington Bank & Trust Company, N.A. | 1 | 6.25% | $2,724 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.25% | $5,928 |
| VERITAS FUNDING, LLC | 1 | 6.63% | $1,354 |
| The Federal Savings Bank | 1 | 6.13% | $9,838 |
| LOANDEPOT.COM, LLC | 1 | 5.38% | $31,924 |
| Mid-Continent Funding, Inc. | 1 | 6.88% | $3,021 |
| F&M Bank | 1 | 5.38% | $20,779 |
The top Rockingham VA lender as defined by loan originations is Mortgage Research Center, LLC, with
18 VA loans originated. Their average total fees are
$3,289, which is $6,068
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 ($3,289), .
The lowest rate Rockingham VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (7.01%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Rockingham (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 | $119,875 (5.2%) | $140,858 (-1.8%) | 0.00 | 128 |
| 2018-02-01 | $120,875 (3.1%) | $144,192 (-1.9%) | 0.00 | 119 |
| 2018-03-01 | $123,000 (7.7%) | $150,444 (9.6%) | 0.00 | 104 |
| 2018-04-01 | $127,875 (11.2%) | $151,987 (14.1%) | 0.00 | 105 |
| 2018-05-01 | $136,500 (24.1%) | $164,025 (22.3%) | 0.00 | 104 |
| 2018-06-01 | $121,500 (10.6%) | $152,509 (15.1%) | 0.00 | 103 |
| 2018-07-01 | $121,250 (12.4%) | $153,246 (19.3%) | 0.00 | 105 |
| 2018-08-01 | $122,225 (11.1%) | $151,337 (13.0%) | 0.00 | 102 |
| 2018-09-01 | $119,900 (0.8%) | $152,461 (7.4%) | 0.00 | 91 |
| 2018-10-01 | $111,625 (-6.4%) | $151,795 (3.9%) | 0.00 | 85 |
| 2018-11-01 | $129,000 (10.3%) | $160,131 (15.5%) | 0.00 | 83 |
| 2018-12-01 | $127,000 (6.3%) | $148,734 (4.9%) | 0.00 | 83 |
| 2019-01-01 | $121,400 (1.3%) | $146,818 (4.2%) | 0.00 | 93 |
| 2019-02-01 | $120,725 (-0.1%) | $146,287 (1.5%) | 0.00 | 96 |
| 2019-03-01 | $118,336 (-3.8%) | $144,300 (-4.1%) | 0.00 | 89 |
| 2019-04-01 | $117,561 (-8.1%) | $142,465 (-6.3%) | 0.00 | 84 |
| 2019-05-01 | $120,675 (-11.6%) | $137,507 (-16.2%) | 0.00 | 82 |
| 2019-06-01 | $114,950 (-5.4%) | $135,757 (-11.0%) | 0.00 | 82 |
| 2019-07-01 | $118,550 (-2.2%) | $136,265 (-11.1%) | 0.00 | 91 |
| 2019-08-01 | $122,109 (-0.1%) | $143,430 (-5.2%) | 0.00 | 88 |
| 2019-09-01 | $125,423 (4.6%) | $152,049 (-0.3%) | 0.00 | 80 |
| 2019-10-01 | $123,482 (10.6%) | $153,672 (1.2%) | 0.00 | 75 |
| 2019-11-01 | $111,400 (-13.6%) | $144,316 (-9.9%) | 0.00 | 79 |
| 2019-12-01 | $101,950 (-19.7%) | $147,912 (-0.6%) | 0.00 | 70 |
| 2020-01-01 | $104,725 (-13.7%) | $143,579 (-2.2%) | 0.00 | 62 |
| 2020-02-01 | $103,450 (-14.3%) | $144,812 (-1.0%) | 0.00 | 70 |
| 2020-03-01 | $104,725 (-11.5%) | $160,415 (11.2%) | 0.00 | 71 |
| 2020-04-01 | $109,975 (-6.5%) | $160,746 (12.8%) | 0.00 | 69 |
| 2020-05-01 | $120,000 (-0.6%) | $168,864 (22.8%) | 0.00 | 64 |
| 2020-06-01 | $124,074 (7.9%) | $178,202 (31.3%) | 0.00 | 62 |
| 2020-07-01 | $122,549 (3.4%) | $170,132 (24.9%) | 0.00 | 53 |
| 2020-08-01 | $125,000 (2.4%) | $161,445 (12.6%) | 0.00 | 52 |
| 2020-09-01 | $109,475 (-12.7%) | $170,905 (12.4%) | 0.00 | 44 |
| 2020-10-01 | $128,250 (3.9%) | $177,021 (15.2%) | 0.00 | 41 |
| 2020-11-01 | $123,400 (10.8%) | $178,169 (23.5%) | 0.00 | 40 |
| 2020-12-01 | $133,925 (31.4%) | $170,403 (15.2%) | 0.00 | 43 |
| 2021-01-01 | $135,700 (29.6%) | $174,820 (21.8%) | 0.00 | 37 |
| 2021-02-01 | $163,000 (57.6%) | $192,170 (32.7%) | 0.00 | 34 |
| 2021-03-01 | $147,950 (41.3%) | $192,076 (19.7%) | 0.00 | 36 |
| 2021-04-01 | $142,675 (29.7%) | $182,795 (13.7%) | 0.00 | 41 |
| 2021-05-01 | $139,500 (16.3%) | $174,569 (3.4%) | 0.00 | 30 |
| 2021-06-01 | $154,675 (24.7%) | $171,606 (-3.7%) | 0.00 | 27 |
| 2021-07-01 | $149,000 (21.6%) | $178,755 (5.1%) | 0.00 | 38 |
| 2021-08-01 | $168,700 (35.0%) | $188,066 (16.5%) | 0.00 | 37 |
| 2021-09-01 | $161,125 (47.2%) | $185,589 (8.6%) | 0.00 | 35 |
| 2021-10-01 | $158,400 (23.5%) | $199,656 (12.8%) | 0.00 | 34 |
| 2021-11-01 | $164,650 (33.4%) | $208,329 (16.9%) | 0.00 | 33 |
| 2021-12-01 | $158,100 (18.1%) | $200,967 (17.9%) | 0.00 | 28 |
| 2022-01-01 | $159,900 (17.8%) | $210,754 (20.6%) | 0.00 | 30 |
| 2022-02-01 | $157,675 (-3.3%) | $182,256 (-5.2%) | 0.00 | 36 |
| 2022-03-01 | $164,225 (11.0%) | $228,422 (18.9%) | 0.00 | 37 |
| 2022-04-01 | $151,000 (5.8%) | $230,306 (26.0%) | 0.00 | 40 |
| 2022-05-01 | $161,175 (15.5%) | $232,643 (33.3%) | 0.00 | 42 |
| 2022-06-01 | $152,425 (-1.5%) | $210,736 (22.8%) | 0.00 | 45 |
| 2022-07-01 | $164,900 (10.7%) | $217,119 (21.5%) | 0.00 | 41 |
| 2022-08-01 | $157,063 (-6.9%) | $244,785 (30.2%) | 0.00 | 34 |
| 2022-09-01 | $168,000 (4.3%) | $231,563 (24.8%) | 0.00 | 41 |
| 2022-10-01 | $168,000 (6.1%) | $231,661 (16.0%) | 0.00 | 48 |
| 2022-11-01 | $176,175 (7.0%) | $220,384 (5.8%) | 0.00 | 50 |
| 2022-12-01 | $197,900 (25.2%) | $218,332 (8.6%) | 0.00 | 52 |
| 2023-01-01 | $192,950 (20.7%) | $214,033 (1.6%) | 0.00 | 51 |
| 2023-02-01 | $194,750 (23.5%) | $246,254 (35.1%) | 0.00 | 54 |
| 2023-03-01 | $192,450 (17.2%) | $234,383 (2.6%) | 0.00 | 49 |
| 2023-04-01 | $209,500 (38.7%) | $246,284 (6.9%) | 0.00 | 42 |
| 2023-05-01 | $194,900 (20.9%) | $255,349 (9.8%) | 0.00 | 36 |
| 2023-06-01 | $214,750 (40.9%) | $273,408 (29.7%) | 0.00 | 39 |
| 2023-07-01 | $195,000 (18.3%) | $246,807 (13.7%) | 0.00 | 43 |
| 2023-08-01 | $167,950 (6.9%) | $209,231 (-14.5%) | 0.00 | 48 |
| 2023-09-01 | $195,000 (16.1%) | $244,649 (5.7%) | 0.00 | 58 |
| 2023-10-01 | $214,475 (27.7%) | $271,093 (17.0%) | 0.00 | 60 |
| 2023-11-01 | $209,225 (18.8%) | $256,329 (16.3%) | 0.00 | 60 |
| 2023-12-01 | $212,000 (7.1%) | $264,608 (21.2%) | 0.00 | 63 |
| 2024-01-01 | $199,950 (3.6%) | $257,727 (20.4%) | 0.00 | 56 |
| 2024-02-01 | $219,250 (12.6%) | $269,448 (9.4%) | 0.00 | 58 |
| 2024-03-01 | $227,450 (18.2%) | $272,281 (16.2%) | 0.00 | 65 |
| 2024-04-01 | $232,750 (11.1%) | $269,429 (9.4%) | 0.00 | 61 |
| 2024-05-01 | $233,750 (19.9%) | $261,713 (2.5%) | 0.00 | 56 |
| 2024-06-01 | $230,000 (7.1%) | $279,569 (2.3%) | 0.00 | 65 |
| 2024-07-01 | $226,000 (15.9%) | $264,118 (7.0%) | 0.00 | 74 |
| 2024-08-01 | $230,000 (37.0%) | $256,126 (22.4%) | 0.00 | 67 |
| 2024-09-01 | $220,000 (12.8%) | $247,213 (1.1%) | 0.00 | 68 |
| 2024-10-01 | $214,750 (0.1%) | $247,240 (-8.8%) | 0.00 | 71 |
| 2024-11-01 | $215,000 (2.8%) | $262,570 (2.4%) | 0.00 | 78 |
Rockingham's median listing price comes in at 0% of the national average.
Rockingham's average listing price for 2024-11-01 was $262,570, a difference of $6,241 (2.4%) versus the prior year and $15,330 versus the prior month.
For the 2024-11-01 period, Rockingham had 78 MLS listings, a difference of 7 listings (10%) versus the prior month and 18 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Rockingham (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,677 sqft |
| 2018-02-01 | 0 days | 1,574 sqft |
| 2018-03-01 | 0 days | 1,515 sqft |
| 2018-04-01 | 0 days | 1,735 sqft |
| 2018-05-01 | 0 days | 1,721 sqft |
| 2018-06-01 | 0 days | 1,520 sqft |
| 2018-07-01 | 0 days | 1,534 sqft |
| 2018-08-01 | 0 days | 1,629 sqft |
| 2018-09-01 | 0 days | 1,667 sqft |
| 2018-10-01 | 0 days | 1,628 sqft |
| 2018-11-01 | 0 days | 1,628 sqft |
| 2018-12-01 | 0 days | 1,603 sqft |
| 2019-01-01 | 0 days | 1,603 sqft |
| 2019-02-01 | 0 days | 1,651 sqft |
| 2019-03-01 | 0 days | 1,642 sqft |
| 2019-04-01 | 0 days | 1,605 sqft |
| 2019-05-01 | 0 days | 1,588 sqft |
| 2019-06-01 | 0 days | 1,525 sqft |
| 2019-07-01 | 0 days | 1,576 sqft |
| 2019-08-01 | 0 days | 1,572 sqft |
| 2019-09-01 | 0 days | 1,592 sqft |
| 2019-10-01 | 0 days | 1,610 sqft |
| 2019-11-01 | 0 days | 1,576 sqft |
| 2019-12-01 | 0 days | 1,588 sqft |
| 2020-01-01 | 0 days | 1,560 sqft |
| 2020-02-01 | 0 days | 1,644 sqft |
| 2020-03-01 | 0 days | 1,598 sqft |
| 2020-04-01 | 0 days | 1,571 sqft |
| 2020-05-01 | 0 days | 1,644 sqft |
| 2020-06-01 | 0 days | 1,627 sqft |
| 2020-07-01 | 0 days | 1,649 sqft |
| 2020-08-01 | 0 days | 1,512 sqft |
| 2020-09-01 | 0 days | 1,536 sqft |
| 2020-10-01 | 0 days | 1,641 sqft |
| 2020-11-01 | 0 days | 1,616 sqft |
| 2020-12-01 | 0 days | 1,556 sqft |
| 2021-01-01 | 0 days | 1,520 sqft |
| 2021-02-01 | 0 days | 1,535 sqft |
| 2021-03-01 | 0 days | 1,683 sqft |
| 2021-04-01 | 0 days | 1,500 sqft |
| 2021-05-01 | 0 days | 1,566 sqft |
| 2021-06-01 | 0 days | 1,557 sqft |
| 2021-07-01 | 0 days | 1,581 sqft |
| 2021-08-01 | 0 days | 1,582 sqft |
| 2021-09-01 | 0 days | 1,606 sqft |
| 2021-10-01 | 0 days | 1,604 sqft |
| 2021-11-01 | 0 days | 1,601 sqft |
| 2021-12-01 | 0 days | 1,408 sqft |
| 2022-01-01 | 0 days | 1,456 sqft |
| 2022-02-01 | 0 days | 1,586 sqft |
| 2022-03-01 | 0 days | 1,498 sqft |
| 2022-04-01 | 0 days | 1,470 sqft |
| 2022-05-01 | 0 days | 1,583 sqft |
| 2022-06-01 | 0 days | 1,418 sqft |
| 2022-07-01 | 0 days | 1,461 sqft |
| 2022-08-01 | 0 days | 1,496 sqft |
| 2022-09-01 | 0 days | 1,522 sqft |
| 2022-10-01 | 0 days | 1,425 sqft |
| 2022-11-01 | 0 days | 1,467 sqft |
| 2022-12-01 | 0 days | 1,607 sqft |
| 2023-01-01 | 0 days | 1,570 sqft |
| 2023-02-01 | 0 days | 1,602 sqft |
| 2023-03-01 | 0 days | 1,573 sqft |
| 2023-04-01 | 0 days | 1,635 sqft |
| 2023-05-01 | 0 days | 1,650 sqft |
| 2023-06-01 | 0 days | 1,587 sqft |
| 2023-07-01 | 0 days | 1,548 sqft |
| 2023-08-01 | 0 days | 1,454 sqft |
| 2023-09-01 | 0 days | 1,564 sqft |
| 2023-10-01 | 0 days | 1,570 sqft |
| 2023-11-01 | 0 days | 1,682 sqft |
| 2023-12-01 | 0 days | 1,708 sqft |
| 2024-01-01 | 0 days | 1,639 sqft |
| 2024-02-01 | 0 days | 1,690 sqft |
| 2024-03-01 | 0 days | 1,678 sqft |
| 2024-04-01 | 0 days | 1,686 sqft |
| 2024-05-01 | 0 days | 1,682 sqft |
| 2024-06-01 | 0 days | 1,728 sqft |
| 2024-07-01 | 0 days | 1,687 sqft |
| 2024-08-01 | 0 days | 1,711 sqft |
| 2024-09-01 | 0 days | 1,614 sqft |
| 2024-10-01 | 0 days | 1,537 sqft |
| 2024-11-01 | 0 days | 1,526 sqft |
Rockingham's median square footage for active listings during the 2024-11-01 period was 1,526 sqft. One year prior, the average listing was 1,682 sqft.