Salisbury VA Loan Rates, Closing Costs & Stats

SALISBURY, MD-DE

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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.

    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 0.49% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 7.04% and one month ago for the week of 2025-05-16, the average rate was 6.9%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.18%.

    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%).

    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.