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 7.11% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

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

    The average rate for the prior week (2025-05-16) was 6.7% and one month ago for the week of 2025-04-18, the average rate was 6.97%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.7%.

    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
    2025-04-01 $292,450 (4.1%) $322,140 (-2.1%) 0.00 347
    Salisbury's median listing price for 2025-04-01 was $292,450, a difference of $11,500 (4.1%) versus the prior year and $2,550 versus the prior month.

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

    Salisbury's average listing price for 2025-04-01 was $322,140, a difference of $-6,848 (-2.1%) versus the prior year and $-12,090 versus the prior month.

    For the 2025-04-01 period, Salisbury had 347 MLS listings, a difference of 19 listings (6%) versus the prior month and 117 listings (51%) 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
    2025-04-01 0 days 1,525 sqft
    Salisbury's median listing age (time on market) for 2025-04-01 was 0 days. This is -100% shorter than the same period one year ago.

    Salisbury's median square footage for active listings during the 2025-04-01 period was 1,525 sqft. One year prior, the average listing was 1,565 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.