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 0.45% 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.