Rocky Mount VA Loan Rates, Closing Costs & Stats
ROCKY MOUNT, 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.
Rocky Mount's 69 lenders originated 305 VA
loans during 2024. The total origination value was $83,425,000, with an average VA loan value of
$273,525.
Rocky Mount VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Rocky Mount
averaged
0.45%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Rocky Mount's average VA mortgage closing costs are $5,207.
The average rate for the prior week (2025-06-13) was
6.9% and
one month ago for the week of 2025-05-16, the
average rate was 6.86%.
The average rate one year ago was 6.56%.
For refis of the same type during the week of 2025-06-20, the average rate
was 0.35%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Rocky Mount 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 Rocky Mount level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
Mortgage Research Center, LLC
|
58
|
6.38%
|
$4,800
|
NAVY FEDERAL CREDIT UNION
|
19
|
5.76%
|
$3,695
|
ATLANTIC BAY MORTGAGE GROUP, L.L.C.
|
18
|
6.07%
|
$7,802
|
UNITED WHOLESALE MORTGAGE, LLC
|
18
|
5.92%
|
$8,436
|
PENNYMAC LOAN SERVICES, LLC
|
13
|
5.73%
|
$5,988
|
FREEDOM MORTGAGE CORPORATION
|
12
|
6.68%
|
$6,331
|
NEW DAY FINANCIAL, LLC
|
10
|
7.45%
|
$9,256
|
QUICKEN LOANS, LLC
|
10
|
6.08%
|
$8,440
|
FBC MORTGAGE, LLC
|
9
|
5.69%
|
$9,327
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
7
|
7.16%
|
$3,375
|
NEWREZ LLC
|
7
|
6.32%
|
$5,624
|
DHI MORTGAGE COMPANY, LTD.
|
7
|
4.73%
|
$3,395
|
GUARANTEED RATE, INC.
|
6
|
6.31%
|
$3,561
|
LOANDEPOT.COM, LLC
|
6
|
6.43%
|
$8,564
|
BROKER SOLUTIONS, INC.
|
5
|
6.83%
|
$6,924
|
VILLAGE CAPITAL MORTGAGE
|
5
|
5.58%
|
$6,513
|
GUILD MORTGAGE COMPANY
|
4
|
6.16%
|
$3,608
|
Keystone Funding, Inc.
|
4
|
6.13%
|
$7,238
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
4
|
6.19%
|
$6,375
|
VELOCIO MORTGAGE L.L.C.
|
3
|
5.66%
|
$5,969
|
CLEARPATH LENDING
|
3
|
5.96%
|
$4,701
|
MOVEMENT MORTGAGE, LLC
|
3
|
6.21%
|
$3,151
|
INSPIRE HOME LOANS INC.
|
3
|
5.00%
|
$5,545
|
CROSSCOUNTRY MORTGAGE, LLC
|
2
|
6.69%
|
$11,363
|
Integrity Home Mortgage Corp
|
2
|
6.38%
|
$6,042
|
INTERCOASTAL MORTGAGE COMPANY
|
2
|
6.62%
|
$4,545
|
Magnolia Bank
|
2
|
5.63%
|
$10,361
|
PNC Bank
|
2
|
6.50%
|
$10,631
|
Southern Bank and Trust Company
|
2
|
5.00%
|
$10,031
|
Towne Mortgage of the Carolinas, LLC
|
2
|
6.31%
|
$10,133
|
Truist
|
2
|
5.90%
|
$5,857
|
VERITAS FUNDING, LLC
|
2
|
6.50%
|
$14,968
|
Wells Fargo Bank
|
2
|
6.56%
|
$4,997
|
LAKEVIEW LOAN SERVICING, LLC
|
1
|
5.99%
|
$4,707
|
Credence Funding Corporation
|
1
|
5.38%
|
$5,608
|
AmeriHome Mortgage Company, LLC
|
1
|
5.88%
|
$5,592
|
Mid-Continent Funding, Inc.
|
1
|
5.75%
|
$3,826
|
Corporate Investors Mortgage Group, Inc.
|
1
|
5.25%
|
$3,071
|
CORNERSTONE HOME LENDING, INC.
|
1
|
6.75%
|
$1,129
|
Carrington Mortgage Services, LLC
|
1
|
6.25%
|
$7,222
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
1
|
6.75%
|
$16,522
|
CARDINAL FINANCIAL
|
1
|
6.25%
|
$5,679
|
NBKC BANK
|
1
|
6.38%
|
$13,408
|
CALCON MUTUAL MORTGAGE LLC
|
1
|
5.88%
|
$11,672
|
Barrington Bank & Trust Company, N.A.
|
1
|
7.25%
|
$2,738
|
NFM, INC.
|
1
|
7.63%
|
$5,910
|
NVR Mortgage Finance, Inc.
|
1
|
5.99%
|
$1,634
|
AmRes Corporation
|
1
|
6.75%
|
$11,519
|
USAA Federal Savings Bank
|
1
|
5.63%
|
$4,886
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
1
|
7.25%
|
$2,706
|
Prosperity Home Mortgage, LLC
|
1
|
5.25%
|
$7,491
|
AMERISAVE MORTGAGE CORPORATION
|
1
|
5.75%
|
$16,042
|
RELIANCE FIRST CAPITAL, LLC
|
1
|
7.50%
|
$5,847
|
Renasant Bank
|
1
|
5.75%
|
$1
|
American Security Mortgage Corp.
|
1
|
5.63%
|
$3,826
|
SUN WEST MORTGAGE COMPANY, INC.
|
1
|
6.38%
|
$6,524
|
The Federal Savings Bank
|
1
|
6.13%
|
$19,258
|
TIDEWATER MORTGAGE SERVICES, INC.
|
1
|
5.75%
|
$6,035
|
TOP FLITE FINANCIAL, INC.
|
1
|
7.00%
|
$12,660
|
ZILLOW HOME LOANS, LLC
|
1
|
6.25%
|
$7,997
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
1
|
6.25%
|
$1,722
|
EQUITY RESOURCES, INC.
|
1
|
7.25%
|
$1,751
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
1
|
6.63%
|
$4,258
|
UNION HOME MORTGAGE CORP.
|
1
|
6.88%
|
$3,530
|
Ixonia Bank
|
1
|
5.63%
|
$18,315
|
JPMorgan Chase Bank
|
1
|
6.25%
|
$2,452
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
6.25%
|
$3,294
|
LADERA LENDING, INC.
|
1
|
6.13%
|
$10,449
|
Lakeview Community Capital, LLC
|
1
|
4.99%
|
$6,469
|
The top Rocky Mount VA lender as defined by loan originations is Mortgage Research Center, LLC, with
58 VA loans originated. Their average total fees are
$4,800, which is $1,105
higher than the next largest lender,
NAVY FEDERAL CREDIT UNION.
The lowest fee Rocky Mount VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($3,695), Mortgage Research Center, LLC ($4,800), PENNYMAC LOAN SERVICES, LLC ($5,988), FREEDOM MORTGAGE CORPORATION ($6,331) and ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($7,802).
The lowest rate Rocky Mount VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (5.73%), NAVY FEDERAL CREDIT UNION (5.76%), UNITED WHOLESALE MORTGAGE, LLC (5.92%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.07%) and QUICKEN LOANS, LLC (6.08%).
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.