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 91 lenders originated 573 VA loans during 2023. The total origination value was $204,455,000, with an average VA loan value of $356,815.

    Salisbury VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Salisbury averaged 6.53% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Salisbury's average VA mortgage closing costs are $7,025.

    The average rate for the prior week (2025-02-07) was 6.46% and one month ago for the week of 2025-01-10, the average rate was 6.6%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.81%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 68 6.75% $7,921
    NVR Mortgage Finance, Inc. 39 5.72% $8,763
    QUICKEN LOANS, LLC 25 6.43% $13,646
    MOVEMENT MORTGAGE, LLC 23 6.47% $7,921
    DHI MORTGAGE COMPANY, LTD. 23 5.59% $6,759
    LOANDEPOT.COM, LLC 18 6.39% $10,738
    NAVY FEDERAL CREDIT UNION 16 5.65% $9,260
    EAGLE HOME MORTGAGE, LLC 16 6.18% $5,454
    The Federal Savings Bank 15 6.44% $19,211
    Prosperity Home Mortgage, LLC 14 5.83% $8,589
    GUARANTEED RATE AFFINITY, LLC 13 6.36% $8,336
    FREEDOM MORTGAGE CORPORATION 13 6.42% $16,819
    Meridian Bank Corporation 12 6.63% $13,562
    UNITED WHOLESALE MORTGAGE, LLC 12 6.02% $13,081
    PENTAGON FEDERAL CREDIT UNION 12 5.53% $9,588
    CMG MORTGAGE, INC. 11 6.57% $9,211
    NEW DAY FINANCIAL, LLC 10 7.52% $10,382
    PENNYMAC LOAN SERVICES, LLC 10 5.70% $10,345
    CALIBER HOME LOANS, INC. 9 5.80% $12,247
    CROSSCOUNTRY MORTGAGE, LLC 8 6.90% $10,216
    TIDEWATER MORTGAGE SERVICES, INC. 8 6.67% $12,992
    Waterstone Mortgage Corporation 7 6.77% $13,073
    USAA Federal Savings Bank 7 6.59% $9,146
    FIRST HOME MORTGAGE CORPORATION 7 6.09% $10,200
    NEWREZ LLC 7 6.76% $10,057
    EMBRACE HOME LOANS, INC. 6 5.89% $19,735
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 6 6.73% $9,141
    CARDINAL FINANCIAL 5 6.48% $12,907
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.10% $9,560
    HOMESIDE FINANCIAL, LLC 5 6.25% $8,192
    GUARANTEED RATE, INC. 5 6.00% $13,762
    GUILD MORTGAGE COMPANY 4 6.38% $16,531
    Wells Fargo Bank 4 6.44% $4,325
    AMERISAVE MORTGAGE CORPORATION 4 5.38% $27,844
    Capital Bank 4 6.68% $14,603
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.88% $14,855
    ABSOLUTE HOME MORTGAGE CORPORATION 3 6.75% $14,176
    PIKE CREEK MORTGAGE SERVICES, INC. 3 6.25% $10,969
    Nations Lending Corporation 3 7.00% $17,444
    NFM, INC. 3 5.88% $7,778
    Ixonia Bank 3 6.71% $8,598
    VILLAGE CAPITAL MORTGAGE 3 5.96% $14,423
    Keystone Funding, Inc. 3 5.67% $17,209
    RELIANCE FIRST CAPITAL, LLC 3 6.71% $14,618
    Mr. Cooper ( Nationstar Mortgage ) 3 6.17% $10,016
    FIRST COMMUNITY MORTGAGE, INC. 3 6.75% $17,463
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.50% $12,437
    ALLIED MORTGAGE GROUP, INC. 2 7.06% $23,826
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.38% $7,668
    BAYSHORE MORTGAGE FUNDING, LLC 2 7.06% $10,780
    CHURCHILL MORTGAGE CORPORATION 2 7.19% $25,887
    EMM LOANS LLC 2 5.75% $15,365
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.00% $12,073
    M&T Bank 2 6.38% $7,441
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.88% $12,976
    NBKC BANK 2 6.13% $6,103
    Northpointe Bank 2 6.00% $982
    PNC Bank 2 6.50% $3,961
    Magnolia Bank 1 5.75% $24,739
    JPMorgan Chase Bank 1 6.25% $1,085
    INTERCOASTAL MORTGAGE COMPANY 1 5.25% $7,569
    North American Savings Bank, F.S.B. 1 5.25% $2,313
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $11,510
    Integrity Home Mortgage Corp 1 6.63% $30,859
    HomePromise Corporation 1 7.75% $19,990
    First National Bank of Pennsylvania 1 6.75% $3,852
    First Heritage Mortgage, LLC 1 6.00% $10,093
    AMCAP MORTGAGE, LTD. 1 7.00% $18,273
    Equity Prime Mortgage LLC 1 7.38% $3,435
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.25% $16,374
    Princeton Mortgage Corporation 1 7.25% $5,608
    Credence Funding Corporation 1 6.25% $7,808
    CONTOUR MORTGAGE CORPORATION 1 6.25% $15,316
    RAPID MORTGAGE COMPANY 1 6.25% $3,699
    Colonial Savings, F.A. 1 5.88% $19,095
    Sandy Spring Bank 1 7.13% $9,154
    Shore United Bank 1 6.63% $12,246
    SWBC MORTGAGE CORPORATION 1 5.75% $18,570
    T2 FINANCIAL LLC 1 6.13% $480
    The Central Trust Bank 1 5.63% $4,182
    BROKER SOLUTIONS, INC. 1 6.25% $11,505
    THE MORTGAGE LINK, INC. 1 7.50% $25,644
    BAY EQUITY LLC 1 7.13% $5,075
    TJC Mortgage, Inc. 1 6.00% $6,506
    Towne Bank 1 6.50% $9,606
    Truist 1 6.10% $5,361
    Barrington Bank & Trust Company, N.A. 1 5.75% $3,733
    Armed Forces Bank 1 5.75% $8,565
    NATION ONE MORTGAGE CORPORATION 1 6.75% $12,731
    MORTGAGEONE, INC. 1 5.50% $150
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $13,610

    The top Salisbury VA lender as defined by loan originations is Mortgage Research Center, LLC, with 68 VA loans originated. Their average total fees are $7,921, which is $842 lower than the next largest lender, NVR Mortgage Finance, Inc..

    The lowest fee Salisbury VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($5,454), DHI MORTGAGE COMPANY, LTD. ($6,759), MOVEMENT MORTGAGE, LLC ($7,921), Mortgage Research Center, LLC ($7,921) and GUARANTEED RATE AFFINITY, LLC ($8,336).

    The lowest rate Salisbury VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (5.53%), DHI MORTGAGE COMPANY, LTD. (5.59%), NAVY FEDERAL CREDIT UNION (5.65%), PENNYMAC LOAN SERVICES, LLC (5.70%) and NVR Mortgage Finance, Inc. (5.72%).

    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
    Salisbury's median listing price for 2025-01-01 was $299,900, a difference of $24,900 (9.1%) versus the prior year and $0 versus the prior month.

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

    Salisbury's average listing price for 2025-01-01 was $347,437, a difference of $23,294 (7.2%) versus the prior year and $-647 versus the prior month.

    For the 2025-01-01 period, Salisbury had 299 MLS listings, a difference of -22 listings (-7%) versus the prior month and 75 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
    Salisbury's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Salisbury's median square footage for active listings during the 2025-01-01 period was 1,575 sqft. One year prior, the average listing was 1,555 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.