Sanford VA Loan Rates, Closing Costs & Stats

Sanford, 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.

    Sanford's 65 lenders originated 226 VA loans during 2023. The total origination value was $76,010,000, with an average VA loan value of $336,327.

    Sanford VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sanford averaged 6.31% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Sanford's average VA mortgage closing costs are $6,326.

    The average rate for the prior week (2024-11-01) was 6.47% and one month ago for the week of 2024-10-04, the average rate was 5.59%.

    The average rate one year ago was 7.35%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.44%.

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

    Sanford 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 Sanford level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 23 6.27% $8,933
    Mortgage Research Center, LLC 22 6.28% $7,991
    DHI MORTGAGE COMPANY, LTD. 20 5.15% $8,338
    NAVY FEDERAL CREDIT UNION 12 5.83% $7,353
    CMG MORTGAGE, INC. 9 6.43% $9,945
    FREEDOM MORTGAGE CORPORATION 8 6.50% $14,263
    INTERCOASTAL MORTGAGE COMPANY 7 6.89% $5,277
    GoPrime Mortgage, Inc. 7 5.84% $10,583
    QUICKEN LOANS, LLC 7 6.19% $11,939
    JET HOMELOANS, LLC 6 6.79% $7,189
    USAA Federal Savings Bank 5 5.98% $13,874
    NEW DAY FINANCIAL, LLC 5 7.22% $16,734
    CROSSCOUNTRY MORTGAGE, LLC 5 6.99% $8,602
    CORNERSTONE HOME LENDING, INC. 5 6.32% $6,604
    GUILD MORTGAGE COMPANY 4 6.97% $7,261
    UNITED WHOLESALE MORTGAGE, LLC 4 5.94% $9,006
    PENNYMAC LOAN SERVICES, LLC 3 6.08% $7,609
    ACADEMY MORTGAGE CORPORATION 3 6.79% $10,592
    American Security Mortgage Corp. 3 5.38% $7,586
    NFM, INC. 2 6.19% $11,355
    Barrington Bank & Trust Company, N.A. 2 6.50% $10,523
    BROKER SOLUTIONS, INC. 2 6.81% $17,291
    GUARANTEED RATE, INC. 2 5.96% $7,820
    HOMESIDE FINANCIAL, LLC 2 7.06% $15,771
    Magnolia Bank 2 6.19% $20,923
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.19% $11,594
    The Federal Savings Bank 2 5.50% $33,171
    The Fidelity Bank 2 6.63% $8,470
    UNION HOME MORTGAGE CORP. 2 6.50% $11,193
    Wells Fargo Bank 2 5.69% $7,071
    HOMESPIRE MORTGAGE CORPORATION 1 6.25% $8,831
    HUNT MORTGAGE CORPORATION 1 6.63% $1,338
    EQUITY RESOURCES, INC. 1 6.00% $18,546
    CONTOUR MORTGAGE CORPORATION 1 6.63% $13,924
    Keystone Funding, Inc. 1 5.75% $5,875
    LOANDEPOT.COM, LLC 1 6.75% $5,785
    LOANPAL, LLC 1 5.99% $4,873
    AMERICAN FINANCIAL NETWORK, INC. 1 6.00% $13,463
    Meridian Bank Corporation 1 6.88% $4,524
    CARDINAL FINANCIAL 1 6.75% $16,383
    Truist 1 5.60% $3,082
    CAPITAL CENTER, L.L.C. 1 7.13% $150
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $9,610
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $25,244
    Blue Ridge Bank 1 7.00% $15,165
    NBKC BANK 1 7.50% $3,266
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $6,503
    NEWREZ LLC 1 6.25% $5,881
    1ST SIGNATURE LENDING, LLC 1 6.50% $13,602
    Paramount Residential Mortgage Group, Inc. 1 7.13% $12,515
    Armed Forces Bank 1 5.75% $6,741
    Plains Commerce Bank 1 5.75% $13,041
    Prosperity Home Mortgage, LLC 1 6.88% $14,670
    Ameris Bank 1 7.00% $8,036
    RESOURCE FINANCIAL SERVICES, INC. 1 5.75% $15,123
    SOUTHERN TRUST MORTGAGE, LLC 1 5.63% $8,213
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.75% $10,372
    Flagstar Bank, FSB 1 6.67% $2,752
    FIRST HOME MORTGAGE CORPORATION 1 6.63% $15,093
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.63% $2,992
    First Heritage Mortgage, LLC 1 6.13% $9,768
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.99% $19,202
    FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $16,865
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.49% $8,534
    Alcova Mortgage LLC 1 7.50% $10,106

    The top Sanford VA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 23 VA loans originated. Their average total fees are $8,933, which is $942 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Sanford VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($7,353), Mortgage Research Center, LLC ($7,991), DHI MORTGAGE COMPANY, LTD. ($8,338), MOVEMENT MORTGAGE, LLC ($8,933) and .

    The lowest rate Sanford VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.15%), NAVY FEDERAL CREDIT UNION (5.83%), MOVEMENT MORTGAGE, LLC (6.27%), Mortgage Research Center, LLC (6.28%) and .

    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.