Shelby VA Loan Rates, Closing Costs & Stats

Shelby, 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.

    Shelby's 49 lenders originated 190 VA loans during 2024. The total origination value was $54,240,000, with an average VA loan value of $285,474.

    Shelby VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Shelby averaged 6.62% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Shelby's average VA mortgage closing costs are $5,738.

    The average rate for the prior week (2025-07-04) was 6.63% and one month ago for the week of 2025-06-06, the average rate was 6.9%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.41%.

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

    Shelby 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 Shelby level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 36 6.45% $4,354
    UNITED WHOLESALE MORTGAGE, LLC 26 5.75% $7,626
    QUICKEN LOANS, LLC 13 6.16% $10,442
    LOANDEPOT.COM, LLC 10 5.96% $5,460
    MOVEMENT MORTGAGE, LLC 7 6.70% $8,575
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 7 6.23% $6,909
    UNION HOME MORTGAGE CORP. 7 6.45% $7,018
    PENNYMAC LOAN SERVICES, LLC 6 5.46% $6,874
    VILLAGE CAPITAL MORTGAGE 6 5.37% $5,708
    FREEDOM MORTGAGE CORPORATION 6 5.96% $9,901
    NEW DAY FINANCIAL, LLC 5 7.42% $17,625
    CLEARPATH LENDING 4 5.44% $10,892
    GUILD MORTGAGE COMPANY 3 5.88% $12,410
    LAKEVIEW LOAN SERVICING, LLC 3 5.29% $5,690
    NAVY FEDERAL CREDIT UNION 3 6.29% $7,508
    USAA Federal Savings Bank 3 6.13% $7,191
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.00% $6,655
    DHI MORTGAGE COMPANY, LTD. 2 4.75% $4,102
    INSPIRE HOME LOANS INC. 2 6.00% $5,518
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.00% $2,395
    NEWREZ LLC 2 5.56% $4,018
    ON Q FINANCIAL, INC. 2 6.38% $8,321
    The Federal Savings Bank 2 7.00% $9,520
    GUARANTEED RATE, INC. 1 6.63% $4,918
    U.S. Bank 1 6.25% $2,260
    Flagstar Bank, FSB 1 6.75% $8,612
    FBC MORTGAGE, LLC 1 5.99% $8,506
    NETWORK CAPITAL FUNDING CORPORATION 1 6.88% $19,752
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $192
    Uwharrie Bank 1 6.38% $9,340
    American Security Mortgage Corp. 1 6.13% $5,284
    Pacific Lending LLC 1 6.25% $11,984
    CROSSCOUNTRY MORTGAGE, LLC 1 6.13% $12,683
    PHH Mortgage Corporation 1 5.63% $5,031
    POLARIS HOME FUNDING CORP. 1 6.75% $8,714
    Credence Funding Corporation 1 5.38% $4,607
    RELIANCE FIRST CAPITAL, LLC 1 7.75% $12,104
    SUMMIT FUNDING, INC. 1 6.63% $2,823
    T2 FINANCIAL LLC 1 7.13% $1,051
    Texana Bank 1 6.25% $2,327
    ZILLOW HOME LOANS, LLC 1 6.50% $790
    Truliant Federal Credit Union 1 6.25% $2,260
    Century Mortgage Company DBA Century Lending Company 1 7.13% $11,300
    BROKER SOLUTIONS, INC. 1 6.38% $14,713
    AmeriHome Mortgage Company, LLC 1 6.13% $2,986
    Ixonia Bank 1 5.75% $20,069
    Integrity Home Mortgage Corp 1 6.75% $7,084
    Magnolia Bank 1 7.13% $10,176
    MID AMERICA MORTGAGE, INC. 1 6.00% $3,419

    The top Shelby VA lender as defined by loan originations is Mortgage Research Center, LLC, with 36 VA loans originated. Their average total fees are $4,354, which is $3,272 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Shelby VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,354), LOANDEPOT.COM, LLC ($5,460), UNITED WHOLESALE MORTGAGE, LLC ($7,626), QUICKEN LOANS, LLC ($10,442) and .

    The lowest rate Shelby VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.75%), LOANDEPOT.COM, LLC (5.96%), QUICKEN LOANS, LLC (6.16%), Mortgage Research Center, LLC (6.45%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Shelby (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 $144,833 (3.7%) $198,654 (6.8%) 0.00 253
    2018-02-01 $164,493 (19.2%) $211,679 (12.6%) 0.00 251
    2018-03-01 $167,990 (20.7%) $214,356 (10.9%) 0.00 238
    2018-04-01 $181,450 (30.5%) $223,110 (11.2%) 0.00 233
    2018-05-01 $177,743 (27.0%) $231,663 (11.9%) 0.00 267
    2018-06-01 $174,900 (21.7%) $230,602 (12.5%) 0.00 273
    2018-07-01 $179,445 (30.7%) $237,077 (21.1%) 0.00 280
    2018-08-01 $173,845 (24.9%) $237,475 (18.3%) 0.00 270
    2018-09-01 $171,495 (27.0%) $235,594 (20.8%) 0.00 263
    2018-10-01 $168,120 (20.1%) $233,015 (18.5%) 0.00 254
    2018-11-01 $177,618 (27.1%) $242,167 (22.1%) 0.00 234
    2018-12-01 $175,000 (25.0%) $242,468 (24.0%) 0.00 216
    2019-01-01 $184,743 (27.6%) $253,404 (27.6%) 0.00 205
    2019-02-01 $192,450 (17.0%) $255,558 (20.7%) 0.00 200
    2019-03-01 $198,521 (18.2%) $259,290 (21.0%) 0.00 181
    2019-04-01 $187,200 (3.2%) $248,959 (11.6%) 0.00 177
    2019-05-01 $216,425 (21.8%) $265,394 (14.6%) 0.00 174
    2019-06-01 $212,000 (21.2%) $277,492 (20.3%) 0.00 175
    2019-07-01 $209,900 (17.0%) $283,403 (19.5%) 0.00 176
    2019-08-01 $202,436 (16.5%) $279,145 (17.6%) 0.00 177
    2019-09-01 $191,166 (11.5%) $266,709 (13.2%) 0.00 185
    2019-10-01 $182,400 (8.5%) $257,300 (10.4%) 0.00 194
    2019-11-01 $189,900 (6.9%) $258,333 (6.7%) 0.00 183
    2019-12-01 $189,900 (8.5%) $257,281 (6.1%) 0.00 171
    2020-01-01 $186,400 (0.9%) $249,254 (-1.6%) 0.00 163
    2020-02-01 $189,799 (-1.4%) $257,931 (0.9%) 0.00 156
    2020-03-01 $214,950 (8.3%) $268,145 (3.4%) 0.00 146
    2020-04-01 $220,675 (17.9%) $268,026 (7.7%) 0.00 125
    2020-05-01 $222,900 (3.0%) $272,321 (2.6%) 0.00 131
    2020-06-01 $220,150 (3.8%) $260,284 (-6.2%) 0.00 108
    2020-07-01 $223,650 (6.6%) $286,893 (1.2%) 0.00 90
    2020-08-01 $219,900 (8.6%) $283,423 (1.5%) 0.00 78
    2020-09-01 $224,400 (17.4%) $319,136 (19.7%) 0.00 83
    2020-10-01 $230,000 (26.1%) $314,148 (22.1%) 0.00 88
    2020-11-01 $207,250 (9.1%) $280,946 (8.8%) 0.00 89
    2020-12-01 $188,750 (-0.6%) $249,565 (-3.0%) 0.00 92
    2021-01-01 $200,000 (7.3%) $258,627 (3.8%) 0.00 91
    2021-02-01 $214,975 (13.3%) $262,002 (1.6%) 0.00 88
    2021-03-01 $239,425 (11.4%) $281,237 (4.9%) 0.00 67
    2021-04-01 $228,450 (3.5%) $277,407 (3.5%) 0.00 65
    2021-05-01 $212,100 (-4.9%) $336,963 (23.7%) 0.00 56
    2021-06-01 $240,425 (9.2%) $333,107 (28.0%) 0.00 60
    2021-07-01 $230,000 (2.8%) $320,415 (11.7%) 0.00 77
    2021-08-01 $237,475 (8.0%) $348,107 (22.8%) 0.00 105
    2021-09-01 $228,250 (1.7%) $362,082 (13.5%) 0.00 111
    2021-10-01 $259,900 (13.0%) $372,876 (18.7%) 0.00 118
    2021-11-01 $247,750 (19.5%) $386,701 (37.6%) 0.00 146
    2021-12-01 $247,450 (31.1%) $408,650 (63.7%) 0.00 129
    2022-01-01 $247,500 (23.8%) $442,000 (70.9%) 0.00 104
    2022-02-01 $249,950 (16.3%) $417,496 (59.4%) 0.00 81
    2022-03-01 $282,472 (18.0%) $436,254 (55.1%) 0.00 69
    2022-04-01 $265,000 (16.0%) $418,792 (51.0%) 0.00 68
    2022-05-01 $259,450 (22.3%) $386,172 (14.6%) 0.00 90
    2022-06-01 $245,000 (1.9%) $379,831 (14.0%) 0.00 126
    2022-07-01 $227,450 (-1.1%) $364,107 (13.6%) 0.00 164
    2022-08-01 $245,000 (3.2%) $362,163 (4.0%) 0.00 178
    2022-09-01 $238,175 (4.4%) $339,450 (-6.3%) 0.00 205
    2022-10-01 $240,000 (-7.7%) $325,942 (-12.6%) 0.00 224
    2022-11-01 $250,000 (0.9%) $338,683 (-12.4%) 0.00 212
    2022-12-01 $245,900 (-0.6%) $343,789 (-15.9%) 0.00 200
    2023-01-01 $266,000 (7.5%) $350,508 (-20.7%) 0.00 169
    2023-02-01 $264,973 (6.0%) $355,206 (-14.9%) 0.00 158
    2023-03-01 $285,000 (0.9%) $383,483 (-12.1%) 0.00 151
    2023-04-01 $285,000 (7.6%) $374,370 (-10.6%) 0.00 156
    2023-05-01 $278,500 (7.3%) $381,350 (-1.3%) 0.00 153
    2023-06-01 $272,400 (11.2%) $381,807 (0.5%) 0.00 179
    2023-07-01 $269,250 (18.4%) $350,660 (-3.7%) 0.00 178
    2023-08-01 $279,400 (14.0%) $362,212 (0.0%) 0.00 182
    2023-09-01 $279,400 (17.3%) $367,476 (8.3%) 0.00 198
    2023-10-01 $280,150 (16.7%) $370,796 (13.8%) 0.00 209
    2023-11-01 $290,500 (16.2%) $373,343 (10.2%) 0.00 217
    2023-12-01 $289,900 (17.9%) $373,975 (8.8%) 0.00 226
    2024-01-01 $289,949 (9.0%) $370,172 (5.6%) 0.00 234
    2024-02-01 $288,075 (8.7%) $361,099 (1.7%) 0.00 231
    2024-03-01 $285,000 (0.0%) $350,916 (-8.5%) 0.00 221
    2024-04-01 $296,450 (4.0%) $342,834 (-8.4%) 0.00 227
    2024-05-01 $299,200 (7.4%) $348,807 (-8.5%) 0.00 231
    2024-06-01 $313,400 (15.1%) $355,650 (-6.9%) 0.00 240
    2024-07-01 $316,072 (17.4%) $365,983 (4.4%) 0.00 255
    2024-08-01 $305,900 (9.5%) $377,100 (4.1%) 0.00 278
    2024-09-01 $299,498 (7.2%) $377,776 (2.8%) 0.00 290
    2024-10-01 $296,175 (5.7%) $360,353 (-2.8%) 0.00 288
    2024-11-01 $295,000 (1.6%) $360,349 (-3.5%) 0.00 308
    2024-12-01 $296,950 (2.4%) $360,613 (-3.6%) 0.00 317
    2025-01-01 $298,450 (2.9%) $358,381 (-3.2%) 0.00 299
    2025-02-01 $300,000 (4.1%) $362,029 (0.3%) 0.00 291
    2025-03-01 $311,900 (9.4%) $375,240 (6.9%) 0.00 293
    2025-04-01 $316,950 (6.9%) $378,018 (10.3%) 0.00 311
    2025-05-01 $309,900 (3.6%) $378,811 (8.6%) 0.00 300
    2025-06-01 $309,000 (-1.4%) $388,156 (9.1%) 0.00 316
    Shelby's median listing price for 2025-06-01 was $309,000, a difference of $-4,400 (-1.4%) versus the prior year and $-900 versus the prior month.

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

    Shelby's average listing price for 2025-06-01 was $388,156, a difference of $32,506 (9.1%) versus the prior year and $9,345 versus the prior month.

    For the 2025-06-01 period, Shelby had 316 MLS listings, a difference of 16 listings (5%) versus the prior month and 76 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Shelby (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,805 sqft
    2018-02-01 0 days 1,849 sqft
    2018-03-01 0 days 1,837 sqft
    2018-04-01 0 days 1,893 sqft
    2018-05-01 0 days 1,956 sqft
    2018-06-01 0 days 1,893 sqft
    2018-07-01 0 days 1,948 sqft
    2018-08-01 0 days 1,942 sqft
    2018-09-01 0 days 1,888 sqft
    2018-10-01 0 days 1,836 sqft
    2018-11-01 0 days 1,894 sqft
    2018-12-01 0 days 1,883 sqft
    2019-01-01 0 days 2,010 sqft
    2019-02-01 0 days 2,032 sqft
    2019-03-01 0 days 2,050 sqft
    2019-04-01 0 days 1,964 sqft
    2019-05-01 0 days 2,122 sqft
    2019-06-01 0 days 1,972 sqft
    2019-07-01 0 days 1,939 sqft
    2019-08-01 0 days 1,924 sqft
    2019-09-01 0 days 1,843 sqft
    2019-10-01 0 days 1,799 sqft
    2019-11-01 0 days 1,850 sqft
    2019-12-01 0 days 1,954 sqft
    2020-01-01 0 days 1,811 sqft
    2020-02-01 0 days 1,840 sqft
    2020-03-01 0 days 1,816 sqft
    2020-04-01 0 days 1,846 sqft
    2020-05-01 0 days 1,870 sqft
    2020-06-01 0 days 1,893 sqft
    2020-07-01 0 days 1,866 sqft
    2020-08-01 0 days 1,828 sqft
    2020-09-01 0 days 1,812 sqft
    2020-10-01 0 days 1,782 sqft
    2020-11-01 0 days 1,664 sqft
    2020-12-01 0 days 1,570 sqft
    2021-01-01 0 days 1,587 sqft
    2021-02-01 0 days 1,541 sqft
    2021-03-01 0 days 1,598 sqft
    2021-04-01 0 days 1,654 sqft
    2021-05-01 0 days 1,624 sqft
    2021-06-01 0 days 1,757 sqft
    2021-07-01 0 days 1,744 sqft
    2021-08-01 0 days 1,670 sqft
    2021-09-01 0 days 1,699 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,673 sqft
    2021-12-01 0 days 1,804 sqft
    2022-01-01 0 days 1,827 sqft
    2022-02-01 0 days 1,759 sqft
    2022-03-01 0 days 1,805 sqft
    2022-04-01 0 days 1,747 sqft
    2022-05-01 0 days 1,666 sqft
    2022-06-01 0 days 1,530 sqft
    2022-07-01 0 days 1,498 sqft
    2022-08-01 0 days 1,534 sqft
    2022-09-01 0 days 1,558 sqft
    2022-10-01 0 days 1,549 sqft
    2022-11-01 0 days 1,602 sqft
    2022-12-01 0 days 1,604 sqft
    2023-01-01 0 days 1,626 sqft
    2023-02-01 0 days 1,598 sqft
    2023-03-01 0 days 1,634 sqft
    2023-04-01 0 days 1,575 sqft
    2023-05-01 0 days 1,567 sqft
    2023-06-01 0 days 1,556 sqft
    2023-07-01 0 days 1,579 sqft
    2023-08-01 0 days 1,648 sqft
    2023-09-01 0 days 1,660 sqft
    2023-10-01 0 days 1,668 sqft
    2023-11-01 0 days 1,679 sqft
    2023-12-01 0 days 1,679 sqft
    2024-01-01 0 days 1,686 sqft
    2024-02-01 0 days 1,679 sqft
    2024-03-01 0 days 1,679 sqft
    2024-04-01 0 days 1,765 sqft
    2024-05-01 0 days 1,787 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,806 sqft
    2024-08-01 0 days 1,780 sqft
    2024-09-01 0 days 1,762 sqft
    2024-10-01 0 days 1,687 sqft
    2024-11-01 0 days 1,687 sqft
    2024-12-01 0 days 1,689 sqft
    2025-01-01 0 days 1,676 sqft
    2025-02-01 0 days 1,679 sqft
    2025-03-01 0 days 1,710 sqft
    2025-04-01 0 days 1,705 sqft
    2025-05-01 0 days 1,679 sqft
    2025-06-01 0 days 1,691 sqft
    Shelby's median listing age (time on market) for 2025-06-01 was 0 days.

    Shelby's median square footage for active listings during the 2025-06-01 period was 1,691 sqft. One year prior, the average listing was 1,800 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.