Rocky Mount VA Loan Rates, Closing Costs & Stats

ROCKY MOUNT, 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.

    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 0.25% for the week of 2025-07-04, 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 (2025-06-27) was 6.48% and one month ago for the week of 2025-05-30, the average rate was 6.91%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.05%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Rocky Mount (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 $133,490 (11.3%) $170,429 (11.0%) 0.49 520
    2018-02-01 $132,500 (20.6%) $170,486 (-7.3%) 0.48 494
    2018-03-01 $135,000 (22.8%) $174,645 (8.0%) 0.47 482
    2018-04-01 $141,000 (22.7%) $178,086 (6.6%) 0.48 489
    2018-05-01 $133,948 (16.6%) $171,498 (1.9%) 0.45 528
    2018-06-01 $135,200 (14.2%) $170,730 (6.8%) 0.45 525
    2018-07-01 $135,900 (13.3%) $172,533 (9.4%) 0.45 499
    2018-08-01 $144,245 (16.4%) $178,849 (13.9%) 0.48 489
    2018-09-01 $144,695 (16.2%) $177,598 (13.2%) 0.49 474
    2018-10-01 $142,035 (10.4%) $174,595 (7.2%) 0.48 457
    2018-11-01 $135,500 (4.1%) $169,930 (1.5%) 0.46 449
    2018-12-01 $138,900 (4.6%) $172,172 (2.0%) 0.48 418
    2019-01-01 $134,150 (0.5%) $171,425 (0.6%) 0.46 423
    2019-02-01 $134,900 (1.8%) $170,280 (-0.1%) 0.46 432
    2019-03-01 $133,681 (-1.0%) $173,101 (-0.9%) 0.44 430
    2019-04-01 $132,201 (-6.2%) $178,029 (0.0%) 0.42 428
    2019-05-01 $134,945 (0.7%) $182,204 (6.2%) 0.42 425
    2019-06-01 $134,900 (-0.2%) $190,301 (11.5%) 0.42 397
    2019-07-01 $135,470 (-0.3%) $195,998 (13.6%) 0.42 391
    2019-08-01 $135,336 (-6.2%) $191,891 (7.3%) 0.43 393
    2019-09-01 $134,416 (-7.1%) $185,613 (4.5%) 0.43 396
    2019-10-01 $131,800 (-7.2%) $177,256 (1.5%) 0.43 395
    2019-11-01 $134,900 (-0.4%) $177,940 (4.7%) 0.44 382
    2019-12-01 $149,700 (7.8%) $185,567 (7.8%) 0.50 325
    2020-01-01 $148,195 (10.5%) $185,271 (8.1%) 0.50 317
    2020-02-01 $149,900 (11.1%) $190,738 (12.0%) 0.49 314
    2020-03-01 $156,900 (17.4%) $198,001 (14.4%) 0.49 305
    2020-04-01 $150,000 (13.5%) $197,357 (10.9%) 0.47 297
    2020-05-01 $151,950 (12.6%) $198,607 (9.0%) 0.46 269
    2020-06-01 $160,000 (18.6%) $206,900 (8.7%) 0.47 216
    2020-07-01 $160,000 (18.1%) $217,464 (11.0%) 0.46 191
    2020-08-01 $164,000 (21.2%) $212,454 (10.7%) 0.47 170
    2020-09-01 $165,499 (23.1%) $216,864 (16.8%) 0.47 151
    2020-10-01 $199,900 (51.7%) $229,874 (29.7%) 0.57 172
    2020-11-01 $201,200 (49.2%) $222,917 (25.3%) 0.59 170
    2020-12-01 $204,800 (36.8%) $229,744 (23.8%) 0.61 176
    2021-01-01 $199,000 (34.3%) $227,323 (22.7%) 0.59 164
    2021-02-01 $194,650 (29.9%) $231,039 (21.1%) 0.57 139
    2021-03-01 $200,625 (27.9%) $238,601 (20.5%) 0.57 124
    2021-04-01 $216,850 (44.6%) $249,544 (26.4%) 0.59 116
    2021-05-01 $222,000 (46.1%) $255,646 (28.7%) 0.59 112
    2021-06-01 $219,850 (37.4%) $251,471 (21.5%) 0.58 144
    2021-07-01 $202,450 (26.5%) $239,356 (10.1%) 0.53 167
    2021-08-01 $202,995 (23.8%) $252,582 (18.9%) 0.54 201
    2021-09-01 $199,650 (20.6%) $252,590 (16.5%) 0.53 210
    2021-10-01 $210,000 (5.1%) $263,081 (14.5%) 0.56 187
    2021-11-01 $201,875 (0.3%) $249,540 (11.9%) 0.54 209
    2021-12-01 $211,895 (3.5%) $254,355 (10.7%) 0.57 186
    2022-01-01 $223,820 (12.5%) $263,442 (15.9%) 0.61 152
    2022-02-01 $218,199 (12.1%) $246,400 (6.7%) 0.57 110
    2022-03-01 $219,500 (9.4%) $249,149 (4.4%) 0.55 91
    2022-04-01 $220,320 (1.6%) $245,558 (-1.6%) 0.53 107
    2022-05-01 $232,450 (4.7%) $258,887 (1.3%) 0.53 147
    2022-06-01 $249,900 (13.7%) $277,494 (10.4%) 0.56 155
    2022-07-01 $250,000 (23.5%) $280,839 (17.3%) 0.56 196
    2022-08-01 $273,650 (34.8%) $286,569 (13.5%) 0.63 237
    2022-09-01 $284,030 (42.3%) $294,249 (16.5%) 0.66 249
    2022-10-01 $277,450 (32.1%) $292,338 (11.1%) 0.65 293
    2022-11-01 $277,424 (37.4%) $291,938 (17.0%) 0.67 318
    2022-12-01 $269,900 (27.4%) $294,643 (15.8%) 0.67 301
    2023-01-01 $276,623 (23.6%) $302,689 (14.9%) 0.69 271
    2023-02-01 $277,995 (27.4%) $300,548 (22.0%) 0.67 264
    2023-03-01 $289,900 (32.1%) $309,526 (24.2%) 0.68 250
    2023-04-01 $294,900 (33.9%) $310,232 (26.3%) 0.69 237
    2023-05-01 $299,945 (29.0%) $307,871 (18.9%) 0.68 219
    2023-06-01 $306,593 (22.7%) $322,344 (16.2%) 0.69 245
    2023-07-01 $300,000 (20.0%) $305,681 (8.9%) 0.68 236
    2023-08-01 $300,245 (9.7%) $308,724 (7.7%) 0.69 231
    2023-09-01 $299,990 (5.6%) $310,757 (5.6%) 0.70 245
    2023-10-01 $299,970 (8.1%) $298,958 (2.3%) 0.71 260
    2023-11-01 $287,250 (3.5%) $292,455 (0.2%) 0.68 287
    2023-12-01 $291,150 (7.9%) $291,023 (-1.2%) 0.71 312
    2024-01-01 $287,288 (3.9%) $288,791 (-4.6%) 0.70 299
    2024-02-01 $279,498 (0.5%) $287,359 (-4.4%) 0.67 305
    2024-03-01 $277,400 (-4.3%) $286,618 (-7.4%) 0.65 306
    2024-04-01 $302,850 (2.7%) $298,499 (-3.8%) 0.70 296
    2024-05-01 $292,995 (-2.3%) $297,589 (-3.3%) 0.67 319
    2024-06-01 $299,450 (-2.3%) $301,796 (-6.4%) 0.68 351
    2024-07-01 $284,950 (-5.0%) $297,337 (-2.7%) 0.65 345
    2024-08-01 $279,995 (-6.7%) $295,260 (-4.4%) 0.65 368
    2024-09-01 $289,900 (-3.4%) $298,068 (-4.1%) 0.68 370
    2024-10-01 $295,500 (-1.5%) $303,699 (1.6%) 0.70 381
    2024-11-01 $285,380 (-0.7%) $304,845 (4.2%) 0.69 409
    2024-12-01 $282,748 (-2.9%) $295,691 (1.6%) 0.70 412
    2025-01-01 $284,990 (-0.8%) $296,740 (2.8%) 0.71 396
    2025-02-01 $290,723 (4.0%) $302,373 (5.2%) 0.71 405
    2025-03-01 $280,000 (0.9%) $306,969 (7.1%) 0.66 429
    2025-04-01 $299,199 (-1.2%) $320,722 (7.5%) 0.69 424
    2025-05-01 $305,600 (4.3%) $324,148 (8.9%) 0.69 463
    Rocky Mount's median listing price for 2025-05-01 was $305,600, a difference of $12,605 (4.3%) versus the prior year and $6,401 versus the prior month.

    Rocky Mount's median listing price comes in at 69% of the national average.

    Rocky Mount's average listing price for 2025-05-01 was $324,148, a difference of $26,559 (8.9%) versus the prior year and $3,426 versus the prior month.

    For the 2025-05-01 period, Rocky Mount had 463 MLS listings, a difference of 39 listings (9%) versus the prior month and 144 listings (45%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Rocky Mount (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 109 days 1,768 sqft
    2018-02-01 101 days 1,737 sqft
    2018-03-01 99 days 1,778 sqft
    2018-04-01 76 days 1,859 sqft
    2018-05-01 62 days 1,716 sqft
    2018-06-01 67 days 1,740 sqft
    2018-07-01 74 days 1,728 sqft
    2018-08-01 88 days 1,800 sqft
    2018-09-01 88 days 1,786 sqft
    2018-10-01 95 days 1,767 sqft
    2018-11-01 93 days 1,761 sqft
    2018-12-01 100 days 1,765 sqft
    2019-01-01 94 days 1,754 sqft
    2019-02-01 77 days 1,730 sqft
    2019-03-01 75 days 1,706 sqft
    2019-04-01 78 days 1,686 sqft
    2019-05-01 80 days 1,695 sqft
    2019-06-01 84 days 1,698 sqft
    2019-07-01 90 days 1,700 sqft
    2019-08-01 84 days 1,681 sqft
    2019-09-01 79 days 1,652 sqft
    2019-10-01 76 days 1,632 sqft
    2019-11-01 85 days 1,658 sqft
    2019-12-01 85 days 1,750 sqft
    2020-01-01 96 days 1,700 sqft
    2020-02-01 84 days 1,819 sqft
    2020-03-01 64 days 1,864 sqft
    2020-04-01 67 days 1,846 sqft
    2020-05-01 75 days 1,770 sqft
    2020-06-01 86 days 1,875 sqft
    2020-07-01 73 days 1,889 sqft
    2020-08-01 64 days 1,772 sqft
    2020-09-01 53 days 1,806 sqft
    2020-10-01 42 days 1,777 sqft
    2020-11-01 51 days 1,834 sqft
    2020-12-01 64 days 1,790 sqft
    2021-01-01 64 days 1,795 sqft
    2021-02-01 47 days 1,866 sqft
    2021-03-01 46 days 1,810 sqft
    2021-04-01 40 days 1,922 sqft
    2021-05-01 43 days 1,928 sqft
    2021-06-01 35 days 1,985 sqft
    2021-07-01 41 days 1,892 sqft
    2021-08-01 40 days 1,823 sqft
    2021-09-01 43 days 1,771 sqft
    2021-10-01 44 days 1,809 sqft
    2021-11-01 44 days 1,742 sqft
    2021-12-01 49 days 1,755 sqft
    2022-01-01 56 days 1,776 sqft
    2022-02-01 66 days 1,651 sqft
    2022-03-01 42 days 1,692 sqft
    2022-04-01 33 days 1,690 sqft
    2022-05-01 31 days 1,710 sqft
    2022-06-01 34 days 1,678 sqft
    2022-07-01 39 days 1,698 sqft
    2022-08-01 44 days 1,735 sqft
    2022-09-01 52 days 1,860 sqft
    2022-10-01 54 days 1,894 sqft
    2022-11-01 56 days 1,861 sqft
    2022-12-01 70 days 1,824 sqft
    2023-01-01 86 days 1,873 sqft
    2023-02-01 82 days 1,880 sqft
    2023-03-01 67 days 1,927 sqft
    2023-04-01 59 days 1,902 sqft
    2023-05-01 51 days 1,948 sqft
    2023-06-01 49 days 1,899 sqft
    2023-07-01 52 days 1,863 sqft
    2023-08-01 52 days 1,852 sqft
    2023-09-01 46 days 1,899 sqft
    2023-10-01 53 days 1,840 sqft
    2023-11-01 48 days 1,807 sqft
    2023-12-01 51 days 1,810 sqft
    2024-01-01 62 days 1,799 sqft
    2024-02-01 64 days 1,741 sqft
    2024-03-01 56 days 1,773 sqft
    2024-04-01 55 days 1,732 sqft
    2024-05-01 52 days 1,691 sqft
    2024-06-01 52 days 1,711 sqft
    2024-07-01 58 days 1,704 sqft
    2024-08-01 65 days 1,709 sqft
    2024-09-01 66 days 1,760 sqft
    2024-10-01 64 days 1,800 sqft
    2024-11-01 64 days 1,761 sqft
    2024-12-01 67 days 1,707 sqft
    2025-01-01 80 days 1,712 sqft
    2025-02-01 77 days 1,753 sqft
    2025-03-01 63 days 1,719 sqft
    2025-04-01 58 days 1,799 sqft
    2025-05-01 58 days 1,859 sqft
    Rocky Mount's median listing age (time on market) for 2025-05-01 was 58 days. This is 13% longer than the same period one year ago.

    Rocky Mount's median square footage for active listings during the 2025-05-01 period was 1,859 sqft. One year prior, the average listing was 1,691 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.