Salisbury VA Loan Rates, Closing Costs & Stats

SALISBURY, MD-DE

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.

Salisbury's 97 lenders originated 743 VA loans during 2024. The total origination value was $284,055,000, with an average VA loan value of $382,308.

Salisbury VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Salisbury averaged 6.65% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Salisbury's average VA mortgage closing costs are $7,281.

The average rate for the prior week (2025-03-28) was 6.47% and one month ago for the week of 2025-02-28, the average rate was 6.45%.

The average rate one year ago was 6.85%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.24%.

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

Salisbury 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 Salisbury level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 79 6.14% $6,055
NVR Mortgage Finance, Inc. 51 6.31% $8,157
UNITED WHOLESALE MORTGAGE, LLC 49 5.92% $9,845
QUICKEN LOANS, LLC 47 5.86% $12,473
DHI MORTGAGE COMPANY, LTD. 31 5.50% $7,558
MOVEMENT MORTGAGE, LLC 28 6.32% $7,160
FREEDOM MORTGAGE CORPORATION 27 5.96% $10,421
CMG MORTGAGE, INC. 26 6.22% $8,982
NAVY FEDERAL CREDIT UNION 24 5.84% $5,553
NEW DAY FINANCIAL, LLC 20 7.55% $17,116
VILLAGE CAPITAL MORTGAGE 19 5.72% $8,117
NEWREZ LLC 16 5.98% $10,111
LOANDEPOT.COM, LLC 16 5.94% $12,717
PENNYMAC LOAN SERVICES, LLC 15 5.63% $7,530
EAGLE HOME MORTGAGE, LLC 14 6.19% $6,511
Meridian Bank Corporation 11 6.31% $11,612
Prosperity Home Mortgage, LLC 10 6.09% $9,083
TIDEWATER MORTGAGE SERVICES, INC. 9 6.71% $9,551
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.26% $8,442
USAA Federal Savings Bank 9 6.08% $15,386
CROSSCOUNTRY MORTGAGE, LLC 8 6.52% $10,705
The Federal Savings Bank 8 6.33% $22,493
FIRST HOME MORTGAGE CORPORATION 7 6.61% $10,424
Keystone Funding, Inc. 7 6.07% $10,431
NFM, INC. 6 6.08% $10,947
CHURCHILL MORTGAGE CORPORATION 6 6.19% $12,200
Capital Bank 6 6.02% $10,645
GUILD MORTGAGE COMPANY 5 6.15% $4,349
SUN WEST MORTGAGE COMPANY, INC. 5 6.22% $7,442
Carrington Mortgage Services, LLC 5 5.88% $12,178
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 5 6.17% $10,061
HOMESIDE FINANCIAL, LLC 4 6.16% $13,513
Mr. Cooper ( Nationstar Mortgage ) 4 6.38% $10,321
Towne Bank 4 6.22% $9,240
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.94% $4,808
First Federal Bank 4 6.28% $5,223
GUARANTEED RATE AFFINITY, LLC 4 6.37% $4,634
Magnolia Bank 4 6.25% $16,321
PIKE CREEK MORTGAGE SERVICES, INC. 3 7.04% $10,867
LAKEVIEW LOAN SERVICING, LLC 3 5.54% $7,643
ALLIED MORTGAGE GROUP, INC. 3 6.04% $9,391
EMBRACE HOME LOANS, INC. 3 5.79% $21,416
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.71% $7,853
Nations Lending Corporation 3 5.83% $10,579
American Mortgage & Equity Consultants, Inc. 3 6.71% $3,709
PLANET HOME LENDING, LLC 3 5.82% $10,907
Waterstone Mortgage Corporation 3 6.63% $15,387
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.25% $23,232
PENTAGON FEDERAL CREDIT UNION 3 6.13% $10,987
Flagstar Bank, FSB 3 5.92% $7,631
Wilmington Savings Fund Society, FSB 2 6.38% $18,380
AMERICAN FINANCIAL RESOURCES, INC. 2 5.75% $12,546
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.13% $15,573
Atlantic Coast Mortgage, LLC 2 6.19% $14,475
BROKER SOLUTIONS, INC. 2 6.75% $4,184
CARDINAL FINANCIAL 2 6.62% $19,225
FIRST COMMUNITY MORTGAGE, INC. 2 6.25% $10,365
GUARANTEED RATE, INC. 2 6.25% $6,664
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.63% $2,593
INTERCOASTAL MORTGAGE COMPANY 2 6.25% $6,061
PNC Bank 2 6.19% $6,231
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.94% $5,315
UNION HOME MORTGAGE CORP. 2 5.62% $6,420
MORIA DEVELOPMENT, INC. 1 5.75% $12,125
NEW FED MORTGAGE, CORP. 1 5.75% $7,531
MILEND, INC. 1 6.25% $9,693
MICHIGAN MUTUAL, INC. 1 7.13% $6,369
North American Savings Bank, F.S.B. 1 6.63% $3,064
NORWICH COMMERCIAL GROUP, INC. 1 6.25% $12,247
Lakeview Community Capital, LLC 1 5.63% $8,382
OceanFirst Bank 1 5.75% $5,316
Paramount Residential Mortgage Group, Inc. 1 5.63% $5,556
FIDELITY DIRECT MORTGAGE, LLC 1 6.13% $15,716
Equity Prime Mortgage LLC 1 7.75% $15,410
PHH Mortgage Corporation 1 5.99% $4,961
EMM LOANS LLC 1 5.38% $21,558
DIRECT MORTGAGE LOANS, LLC 1 6.63% $12,909
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $13,175
Wells Fargo Bank 1 6.63% $7,508
DAS Acquisition Company, LLC 1 5.75% $11,463
Princeton Mortgage Corporation 1 5.88% $8,323
Credence Funding Corporation 1 5.63% $12,891
Cornerstone First Mortgage, Inc 1 6.00% $4,815
Residential Mortgage Solutions, Inc. 1 5.75% $4,972
Sandy Spring Bank 1 5.49% $5,243
South State Bank 1 6.50% $9,311
CONTOUR MORTGAGE CORPORATION 1 6.75% $16,290
CLEARPATH LENDING 1 5.75% $4,741
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.13% $0
BAY EQUITY LLC 1 4.63% $14,717
Acre Mortgage and Financial Inc 1 6.75% $18,188
BAY CAPITAL MORTGAGE CORPORATION 1 6.25% $15,819
Barrington Bank & Trust Company, N.A. 1 7.25% $5,019
AMERISAVE MORTGAGE CORPORATION 1 6.13% $24,280
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $13,830
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $0
NBKC BANK 1 6.38% $4,298

The top Salisbury VA lender as defined by loan originations is Mortgage Research Center, LLC, with 79 VA loans originated. Their average total fees are $6,055, which is $2,102 lower than the next largest lender, NVR Mortgage Finance, Inc..

The lowest fee Salisbury VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,553), Mortgage Research Center, LLC ($6,055), EAGLE HOME MORTGAGE, LLC ($6,511), MOVEMENT MORTGAGE, LLC ($7,160) and PENNYMAC LOAN SERVICES, LLC ($7,530).

The lowest rate Salisbury VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.50%), PENNYMAC LOAN SERVICES, LLC (5.63%), VILLAGE CAPITAL MORTGAGE (5.72%), NAVY FEDERAL CREDIT UNION (5.84%) and QUICKEN LOANS, LLC (5.86%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Salisbury (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 $159,000 (6.1%) $197,487 (3.3%) 1.11 517
2018-02-01 $159,900 (3.2%) $198,864 (2.5%) 1.10 489
2018-03-01 $164,900 (0.0%) $211,539 (4.7%) 1.07 481
2018-04-01 $164,900 (3.1%) $215,961 (6.4%) 1.06 483
2018-05-01 $169,450 (4.3%) $219,796 (7.6%) 1.05 502
2018-06-01 $169,900 (3.6%) $219,935 (8.9%) 1.05 535
2018-07-01 $174,900 (9.3%) $224,057 (9.7%) 1.06 542
2018-08-01 $174,900 (9.4%) $222,856 (7.4%) 1.07 559
2018-09-01 $179,000 (11.9%) $225,203 (11.0%) 1.07 564
2018-10-01 $179,900 (12.5%) $225,083 (10.3%) 1.08 554
2018-11-01 $181,488 (13.5%) $230,209 (13.4%) 1.08 527
2018-12-01 $179,900 (12.5%) $225,156 (14.0%) 1.10 522
2019-01-01 $177,000 (11.3%) $219,860 (11.3%) 1.08 516
2019-02-01 $177,000 (10.7%) $219,500 (10.4%) 1.07 509
2019-03-01 $185,814 (12.7%) $224,185 (6.0%) 1.05 503
2019-04-01 $195,175 (18.4%) $232,846 (7.8%) 1.04 506
2019-05-01 $199,425 (17.7%) $235,779 (7.3%) 1.04 511
2019-06-01 $199,900 (17.7%) $238,010 (8.2%) 1.05 526
2019-07-01 $199,900 (14.3%) $243,310 (8.6%) 1.05 529
2019-08-01 $204,927 (17.2%) $244,721 (9.8%) 1.07 507
2019-09-01 $204,968 (14.5%) $245,562 (9.0%) 1.07 498
2019-10-01 $204,945 (13.9%) $245,383 (9.0%) 1.08 487
2019-11-01 $199,900 (10.2%) $241,273 (4.8%) 1.09 469
2019-12-01 $202,450 (12.5%) $244,400 (8.6%) 1.10 427
2020-01-01 $199,675 (12.8%) $244,581 (11.2%) 1.10 402
2020-02-01 $199,000 (12.4%) $235,179 (7.1%) 1.08 423
2020-03-01 $196,950 (6.0%) $229,865 (2.5%) 1.06 427
2020-04-01 $189,990 (-2.7%) $225,369 (-3.2%) 1.06 439
2020-05-01 $199,000 (-0.2%) $231,580 (-1.8%) 1.03 384
2020-06-01 $213,600 (6.9%) $243,771 (2.4%) 1.02 360
2020-07-01 $199,000 (-0.5%) $242,077 (-0.5%) 1.01 340
2020-08-01 $199,000 (-2.9%) $246,005 (0.5%) 1.02 300
2020-09-01 $199,900 (-2.5%) $254,417 (3.6%) 1.02 290
2020-10-01 $209,900 (2.4%) $255,305 (4.0%) 1.02 282
2020-11-01 $205,950 (3.0%) $249,847 (3.6%) 1.04 283
2020-12-01 $196,975 (-2.7%) $249,947 (2.3%) 1.07 255
2021-01-01 $190,000 (-4.9%) $249,181 (1.9%) 1.07 237
2021-02-01 $186,000 (-6.5%) $247,179 (5.1%) 1.07 204
2021-03-01 $199,950 (1.5%) $267,417 (16.3%) 1.08 204
2021-04-01 $214,675 (13.0%) $291,782 (29.5%) 1.06 197
2021-05-01 $222,500 (11.8%) $304,546 (31.5%) 1.06 188
2021-06-01 $221,173 (3.6%) $292,544 (20.0%) 1.08 205
2021-07-01 $229,450 (15.3%) $305,331 (26.1%) 1.11 235
2021-08-01 $235,000 (18.1%) $303,804 (23.5%) 1.13 227
2021-09-01 $242,400 (21.3%) $304,172 (19.6%) 1.13 212
2021-10-01 $249,900 (19.1%) $317,511 (24.4%) 1.17 232
2021-11-01 $247,150 (20.0%) $327,036 (30.9%) 1.18 228
2021-12-01 $239,700 (21.7%) $321,568 (28.7%) 1.21 211
2022-01-01 $238,145 (25.3%) $315,417 (26.6%) 1.24 177
2022-02-01 $249,900 (34.4%) $312,792 (26.5%) 1.26 173
2022-03-01 $231,761 (15.9%) $312,473 (16.9%) 1.22 176
2022-04-01 $250,000 (16.5%) $320,351 (9.8%) 1.19 159
2022-05-01 $270,673 (21.7%) $353,639 (16.1%) 1.14 167
2022-06-01 $273,871 (23.8%) $350,347 (19.8%) 1.11 179
2022-07-01 $282,500 (23.1%) $340,015 (11.4%) 1.15 197
2022-08-01 $276,699 (17.7%) $332,515 (9.5%) 1.16 221
2022-09-01 $273,248 (12.7%) $319,813 (5.1%) 1.17 242
2022-10-01 $279,900 (12.0%) $334,734 (5.4%) 1.19 220
2022-11-01 $288,448 (16.7%) $337,931 (3.3%) 1.20 211
2022-12-01 $272,448 (13.7%) $325,696 (1.3%) 1.22 218
2023-01-01 $266,175 (11.8%) $325,283 (3.1%) 1.23 192
2023-02-01 $260,748 (4.3%) $319,174 (2.0%) 1.22 197
2023-03-01 $262,450 (13.2%) $304,974 (-2.4%) 1.19 183
2023-04-01 $269,000 (7.6%) $318,671 (-0.5%) 1.23 177
2023-05-01 $269,450 (-0.5%) $333,114 (-5.8%) 1.20 180
2023-06-01 $294,900 (7.7%) $355,593 (1.5%) 1.19 176
2023-07-01 $277,000 (-2.0%) $332,155 (-2.3%) 1.18 183
2023-08-01 $279,900 (1.2%) $332,025 (-0.2%) 1.18 181
2023-09-01 $282,450 (3.4%) $328,845 (2.8%) 1.19 200
2023-10-01 $279,450 (-0.2%) $319,225 (-4.6%) 1.20 222
2023-11-01 $275,000 (-4.7%) $312,622 (-7.5%) 1.18 243
2023-12-01 $275,000 (0.9%) $309,758 (-4.9%) 1.18 236
2024-01-01 $275,000 (3.3%) $324,143 (-0.4%) 1.18 224
2024-02-01 $254,950 (-2.2%) $300,773 (-5.8%) 1.17 254
2024-03-01 $262,500 (0.0%) $297,168 (-2.6%) 1.18 247
2024-04-01 $280,950 (4.4%) $328,988 (3.2%) 1.17 230
2024-05-01 $284,225 (5.5%) $353,352 (6.1%) 1.18 256
2024-06-01 $295,000 (0.0%) $358,514 (0.8%) 1.17 248
2024-07-01 $299,450 (8.1%) $351,656 (5.9%) 1.18 257
2024-08-01 $297,000 (6.1%) $346,626 (4.4%) 1.17 274
2024-09-01 $294,900 (4.4%) $345,418 (5.0%) 1.18 299
2024-10-01 $297,450 (6.4%) $350,764 (9.9%) 1.17 343
2024-11-01 $299,000 (8.7%) $345,295 (10.5%) 1.16 354
2024-12-01 $299,900 (9.1%) $348,084 (12.4%) 1.21 321
2025-01-01 $299,900 (9.1%) $347,437 (7.2%) 0.00 299
2025-02-01 $298,675 (17.2%) $345,509 (14.9%) 0.00 307
2025-03-01 $289,900 (10.4%) $334,230 (12.5%) 0.00 328
Salisbury's median listing price for 2025-03-01 was $289,900, a difference of $27,400 (10.4%) versus the prior year and $-8,775 versus the prior month.

Salisbury's median listing price comes in at 0% of the national average.

Salisbury's average listing price for 2025-03-01 was $334,230, a difference of $37,062 (12.5%) versus the prior year and $-11,279 versus the prior month.

For the 2025-03-01 period, Salisbury had 328 MLS listings, a difference of 21 listings (7%) versus the prior month and 81 listings (33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Salisbury (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 111 days 1,620 sqft
2018-02-01 104 days 1,626 sqft
2018-03-01 85 days 1,625 sqft
2018-04-01 76 days 1,643 sqft
2018-05-01 76 days 1,645 sqft
2018-06-01 80 days 1,664 sqft
2018-07-01 85 days 1,716 sqft
2018-08-01 89 days 1,717 sqft
2018-09-01 89 days 1,712 sqft
2018-10-01 85 days 1,731 sqft
2018-11-01 91 days 1,760 sqft
2018-12-01 100 days 1,738 sqft
2019-01-01 110 days 1,700 sqft
2019-02-01 111 days 1,678 sqft
2019-03-01 94 days 1,719 sqft
2019-04-01 74 days 1,751 sqft
2019-05-01 75 days 1,755 sqft
2019-06-01 79 days 1,730 sqft
2019-07-01 85 days 1,734 sqft
2019-08-01 85 days 1,776 sqft
2019-09-01 83 days 1,806 sqft
2019-10-01 82 days 1,816 sqft
2019-11-01 86 days 1,802 sqft
2019-12-01 98 days 1,791 sqft
2020-01-01 106 days 1,748 sqft
2020-02-01 96 days 1,684 sqft
2020-03-01 72 days 1,675 sqft
2020-04-01 77 days 1,629 sqft
2020-05-01 90 days 1,675 sqft
2020-06-01 96 days 1,694 sqft
2020-07-01 82 days 1,652 sqft
2020-08-01 61 days 1,650 sqft
2020-09-01 51 days 1,643 sqft
2020-10-01 57 days 1,649 sqft
2020-11-01 61 days 1,628 sqft
2020-12-01 69 days 1,592 sqft
2021-01-01 78 days 1,536 sqft
2021-02-01 73 days 1,528 sqft
2021-03-01 57 days 1,551 sqft
2021-04-01 51 days 1,614 sqft
2021-05-01 49 days 1,748 sqft
2021-06-01 41 days 1,746 sqft
2021-07-01 40 days 1,765 sqft
2021-08-01 46 days 1,723 sqft
2021-09-01 47 days 1,774 sqft
2021-10-01 49 days 1,792 sqft
2021-11-01 49 days 1,792 sqft
2021-12-01 62 days 1,682 sqft
2022-01-01 73 days 1,612 sqft
2022-02-01 55 days 1,633 sqft
2022-03-01 39 days 1,607 sqft
2022-04-01 42 days 1,672 sqft
2022-05-01 44 days 1,796 sqft
2022-06-01 42 days 1,804 sqft
2022-07-01 47 days 1,800 sqft
2022-08-01 51 days 1,845 sqft
2022-09-01 55 days 1,837 sqft
2022-10-01 56 days 1,884 sqft
2022-11-01 57 days 1,919 sqft
2022-12-01 77 days 1,864 sqft
2023-01-01 91 days 1,852 sqft
2023-02-01 84 days 1,762 sqft
2023-03-01 54 days 1,682 sqft
2023-04-01 55 days 1,680 sqft
2023-05-01 51 days 1,612 sqft
2023-06-01 50 days 1,692 sqft
2023-07-01 53 days 1,629 sqft
2023-08-01 57 days 1,620 sqft
2023-09-01 54 days 1,652 sqft
2023-10-01 50 days 1,589 sqft
2023-11-01 52 days 1,618 sqft
2023-12-01 63 days 1,591 sqft
2024-01-01 75 days 1,555 sqft
2024-02-01 70 days 1,465 sqft
2024-03-01 50 days 1,497 sqft
2024-04-01 51 days 1,565 sqft
2024-05-01 52 days 1,554 sqft
2024-06-01 57 days 1,598 sqft
2024-07-01 63 days 1,645 sqft
2024-08-01 64 days 1,604 sqft
2024-09-01 59 days 1,613 sqft
2024-10-01 60 days 1,623 sqft
2024-11-01 64 days 1,608 sqft
2024-12-01 75 days 1,607 sqft
2025-01-01 0 days 1,575 sqft
2025-02-01 0 days 1,572 sqft
2025-03-01 0 days 1,535 sqft
Salisbury's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Salisbury's median square footage for active listings during the 2025-03-01 period was 1,535 sqft. One year prior, the average listing was 1,497 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.