Virginia Beach VA Loan Rates, Closing Costs & Stats

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC

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.

Virginia Beach's 250 lenders originated 16,709 VA loans during 2022. The total origination value was $5,746,395,000, with an average VA loan value of $343,910.

Virginia Beach VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Virginia Beach averaged -0.05% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Virginia Beach's average VA mortgage closing costs are $6,692.

The average rate for the prior week (2024-02-16) was 6.22% and one month ago for the week of 2024-01-19, the average rate was 5.78%.

The average rate one year ago was 5.79%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.6%.

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

Virginia Beach 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 Virginia Beach level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 2,294 5.01% $8,701
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1,134 4.74% $10,966
NAVY FEDERAL CREDIT UNION 1,025 3.98% $8,334
OVM FINANCIAL, INC. 979 4.50% $10,855
UNITED WHOLESALE MORTGAGE, LLC 942 4.46% $10,145
QUICKEN LOANS, LLC 606 4.14% $11,471
CALIBER HOME LOANS, INC. 576 4.66% $11,869
MOVEMENT MORTGAGE, LLC 559 4.72% $9,498
FREEDOM MORTGAGE CORPORATION 523 4.20% $11,573
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 522 5.77% $9,742
PENNYMAC LOAN SERVICES, LLC 427 3.26% $9,149
NVR Mortgage Finance, Inc. 404 4.06% $10,518
SOUTHERN TRUST MORTGAGE, LLC 312 4.73% $12,391
TIDEWATER MORTGAGE SERVICES, INC. 311 4.83% $11,137
CBM Mortgage, Inc. 298 5.03% $10,925
LOANDEPOT.COM, LLC 298 4.26% $11,031
USAA Federal Savings Bank 206 4.51% $9,878
Towne Bank 188 4.63% $11,843
NEW DAY FINANCIAL, LLC 149 5.11% $12,238
Prosperity Home Mortgage, LLC 149 4.43% $10,685
Towne Mortgage, LLC 148 4.80% $12,053
NewTowne Mortgage, LLC 145 4.67% $12,089
The Federal Savings Bank 135 4.85% $13,807
Atlantic Coast Mortgage, LLC 116 5.10% $12,785
Advance Financial Group, LLC 113 4.74% $12,422
Mr. Cooper ( Nationstar Mortgage ) 107 4.63% $11,149
CARDINAL FINANCIAL 97 4.97% $13,559
CMG MORTGAGE, INC. 95 4.85% $11,339
Alcova Mortgage LLC 92 4.95% $9,503
HOME POINT FINANCIAL CORPORATION 91 3.99% $11,490
Wells Fargo Bank 89 3.92% $6,665
PENTAGON FEDERAL CREDIT UNION 87 3.62% $8,577
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 86 4.90% $11,163
LOANPAL, LLC 77 3.88% $14,776
EMM LOANS LLC 77 4.80% $10,007
Tidewater Home Funding, LLC 72 4.66% $9,802
MCLEAN MORTGAGE CORPORATION 69 4.37% $9,361
NEWREZ LLC 68 4.88% $10,032
PRIMELENDING, A PLAINSCAPITAL COMPANY 67 5.06% $9,222
CAPITAL CENTER, L.L.C. 66 4.13% $6,836
PLANET HOME LENDING, LLC 65 4.24% $8,970
C & F Mortgage Corporation 63 4.57% $13,133
AMERISAVE MORTGAGE CORPORATION 63 4.40% $10,997
BROKER SOLUTIONS, INC. 60 4.85% $10,966
LAKEVIEW LOAN SERVICING, LLC 59 3.59% $5,986
North American Savings Bank, F.S.B. 54 4.17% $12,138
George Mason Mortgage, LLC 51 3.79% $10,619
CROSSCOUNTRY MORTGAGE, LLC 49 5.10% $11,741
Ameris Bank 47 4.76% $12,080
Mid-Continent Funding, Inc. 45 4.79% $9,722
Carrington Mortgage Services, LLC 44 4.56% $11,333
DRAGAS MORTGAGE COMPANY 43 4.80% $12,170
HOMESPIRE MORTGAGE CORPORATION 42 5.29% $8,993
Blue Ridge Bank 41 4.58% $10,313
NBKC BANK 40 4.30% $10,151
VILLAGE CAPITAL MORTGAGE 40 4.41% $10,169
Flagstar Bank, FSB 40 4.65% $12,181
Armed Forces Bank 38 4.46% $11,937
GoPrime Mortgage, Inc. 38 4.53% $10,640
CLEARPATH LENDING 38 3.53% $10,035
Truist 36 3.40% $6,837
Loan Simple, Inc. 36 4.18% $12,205
Equity Prime Mortgage LLC 34 5.16% $11,337
GUARANTEED RATE, INC. 34 4.74% $9,684
HOMESIDE FINANCIAL, LLC 33 4.85% $12,638
Barrington Bank & Trust Company, N.A. 33 4.68% $9,218
MUTUAL OF OMAHA MORTGAGE, INC. 32 4.48% $10,635
Paramount Residential Mortgage Group, Inc. 31 4.89% $13,832
Nations Lending Corporation 29 4.42% $12,152
U.S. Bank 29 4.57% $11,430
AMERICAN PACIFIC MORTGAGE CORPORATION 28 5.45% $11,219
Lakeview Community Capital, LLC 27 3.54% $5,212
Wyndham Capital Mortgage, Inc. 27 3.93% $8,742
HOMEBRIDGE FINANCIAL SERVICES, INC. 25 4.03% $9,649
Magnolia Bank 21 4.37% $12,853
First Heritage Mortgage, LLC 20 4.47% $11,527
NATIONS DIRECT MORTGAGE, LLC 19 4.54% $10,695
Plains Commerce Bank 18 4.93% $10,986
SUN WEST MORTGAGE COMPANY, INC. 17 4.10% $10,216
FINANCE OF AMERICA MORTGAGE LLC 16 3.99% $11,198
SUCCESS MORTGAGE PARTNERS, INC. 16 4.44% $9,522
Low VA Rates, LLC 16 4.45% $19,066
AMERIFIRST FINANCIAL CORPORATION 16 5.59% $7,402
MILEND, INC. 16 5.23% $13,057
TOWNE MORTGAGE COMPANY 16 3.41% $11,242
NETWORK CAPITAL FUNDING CORPORATION 15 4.69% $10,522
First Federal Bank 15 4.42% $11,639
EAGLE HOME MORTGAGE, LLC 15 4.67% $6,997
Sierra Pacific Mortgage Company, Inc. 15 4.47% $14,131
BNC National Bank 15 4.08% $12,549
GUILD MORTGAGE COMPANY 15 4.54% $9,535
DHI MORTGAGE COMPANY, LTD. 14 4.53% $11,946
Fulton Bank 13 4.54% $9,180
FIDELITY DIRECT MORTGAGE, LLC 13 4.40% $13,237
UNION HOME MORTGAGE CORP. 12 3.40% $9,441
FIRST HOME MORTGAGE CORPORATION 12 4.44% $7,754
Strong Home Mortgage, LLC 12 4.40% $6,996
NBH Bank 12 3.45% $12,354
NP, Inc. 11 3.39% $8,777
NFM, INC. 11 5.02% $12,241
First Guaranty Mortgage Corporation 11 4.76% $8,419
DAS Acquisition Company, LLC 10 4.75% $12,207
CHURCHILL MORTGAGE CORPORATION 10 4.58% $10,830
RELIANCE FIRST CAPITAL, LLC 10 4.74% $6,744
Dollar Bank, Federal Savings Bank 10 4.48% $7,644
The Central Trust Bank 10 4.20% $10,235
KELLER MORTGAGE, LLC 9 4.03% $12,406
PNC Bank 9 3.46% $5,668
EMBRACE HOME LOANS, INC. 9 4.87% $10,091
M&T Bank 9 3.58% $6,056
CONTOUR MORTGAGE CORPORATION 9 4.58% $12,508
DATA MORTGAGE, INC. 9 5.65% $10,474
JOHNSON MORTGAGE COMPANY, L.L.C. 8 3.83% $9,161
AMERICAN FINANCING CORPORATION 8 3.64% $10,558
Northpointe Bank 8 4.00% $13,661
SOVEREIGN LENDING GROUP INCORPORATED 8 3.92% $12,952
West Town Bank & Trust 8 4.73% $15,945
First Mortgage Solutions, LLC 7 2.95% $7,735
NATIONS RELIABLE LENDING, LLC 7 4.95% $9,595
Evolve Bank & Trust 7 4.95% $4,762
ALLIED MORTGAGE GROUP, INC. 6 4.00% $8,124
Presidential Bank, FSB 6 4.06% $14,184
INTERCOASTAL MORTGAGE COMPANY 6 4.27% $15,001
INTERLINC MORTGAGE SERVICES, LLC 6 6.00% $12,705
ISERVE RESIDENTIAL LENDING, LLC 6 5.08% $12,487
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 4.63% $11,052
Southern Bank and Trust Company 6 3.71% $7,722
INTERCAP LENDING INC. 6 5.65% $8,821
LEADERONE FINANCIAL CORPORATION 6 4.31% $13,623
EVERETT FINANCIAL, INC. 6 5.54% $12,902
LANGLEY 5 3.93% $8,381
Bank of America 5 3.03% $11,961
Bank of England 5 4.78% $15,275
BAY EQUITY LLC 5 5.59% $9,386
BAYSHORE MORTGAGE FUNDING, LLC 5 5.13% $10,507
Citizens Bank 5 4.05% $8,237
Meridian Bank Corporation 5 4.13% $18,920
CityWorth Mortgage LLC 5 4.78% $13,813
DRAPER AND KRAMER MORTGAGE CORP. 5 4.87% $10,430
NEWPORT NEWS SHIPBUILDING EMPLOYEES 4 4.41% $5,704
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 5.50% $13,483
Texana Bank 4 3.97% $19,004
CORNERSTONE HOME LENDING, INC. 4 4.94% $14,170
ZILLOW HOME LOANS, LLC 4 3.78% $4,246
Atlantic Union Bank 4 5.59% $10,568
Shamrock Home Loans, Inc. 4 3.97% $9,038
First Home Bank 4 5.03% $7,939
Hometown Equity Mortgage, LLC 3 5.38% $5,005
Ixonia Bank 3 4.42% $16,854
JAMS-01, INC. 3 4.33% $9,929
1ST FINANCIAL, INC. 3 5.83% $11,878
JPMorgan Chase Bank 3 4.21% $14,663
GENEVA FINANCIAL, LLC 3 5.54% $13,744
MID AMERICA MORTGAGE, INC. 3 6.08% $8,825
Mortgage Network, Inc. 3 3.92% $11,458
First Savings Bank 3 3.33% $12,211
EQUITY RESOURCES, INC. 3 5.00% $9,303
DIRECT MORTGAGE LOANS, LLC 3 4.75% $17,766
POLARIS HOME FUNDING CORP. 3 6.13% $11,217
Capital Bank 3 3.96% $11,053
Austin Capital Bank SSB 3 5.00% $11,180
UNIVERSAL MORTGAGE & FINANCE, INC. 3 6.00% $11,032
VAN DYK MORTGAGE CORPORATION 3 5.96% $7,385
Vellum Mortgage, Inc. 3 3.21% $8,109
AMERICAN ADVISORS GROUP 3 3.29% $8,591
THE MORTGAGE LINK, INC. 2 5.19% $8,784
THRIVE MORTGAGE, LLC 2 5.25% $19,264
Goldwater Bank, N.A. 2 4.31% $3,133
MID-ISLAND MORTGAGE CORP. 2 4.00% $11,175
TJC Mortgage, Inc. 2 3.50% $6,186
PREMIA MORTGAGE, LLC 2 4.37% $4,651
Towne First Mortgage, LLC 2 5.69% $6,194
Residential Mortgage Solutions, Inc. 2 5.25% $9,369
MORIA DEVELOPMENT, INC. 2 5.44% $19,213
Prime Choice Funding Inc. 2 2.87% $4,480
ANGEL OAK HOME LOANS LLC 2 5.25% $13,155
GUARANTEED RATE AFFINITY, LLC 2 4.56% $9,445
Gateway First Bank 2 4.13% $2,585
Sunflower Bank 2 3.87% $10,974
VILLAGE BANK MORTGAGE CORPORATION 2 5.69% $8,086
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 2 4.88% $12,581
AMERICAN FINANCIAL RESOURCES, INC. 2 6.06% $3,972
US MORTGAGE CORPORATION 2 2.81% $6,765
SWBC MORTGAGE CORPORATION 2 4.25% $5,282
Christensen Financial, Inc. 2 4.94% $10,481
First National Bank Texas 2 5.13% $10,648
First Option Mortgage, LLC 2 5.63% $15,347
First State Bank of St. Charles, Missouri 2 4.25% $4,029
PHH Mortgage Corporation 2 4.94% $8,447
Carrollton Bank 2 4.63% $7,433
Regions Bank 2 6.38% $17,849
The Huntington National Bank 2 5.00% $11,905
THE MORTGAGE FIRM, INC. 2 3.88% $14,164
FIDELITY BANK 2 4.94% $15,591
South State Bank 1 4.75% $6,792
Acre Mortgage and Financial Inc 1 5.13% $26,569
STOCKTON MORTGAGE CORPORATION 1 4.25% $7,796
CALCON MUTUAL MORTGAGE LLC 1 4.13% $24,738
SUMMIT FUNDING, INC. 1 3.38% $4,591
GUARANTY HOME MORTGAGE CORPORATION 1 4.75% $4,030
LAND HOME FINANCIAL SERVICES, INC. 1 6.88% $7,907
HAMILTON HOME LOANS, INC. 1 4.50% $9,109
HighTechLending Inc 1 4.25% $9,177
The Freedom Bank of Virginia 1 5.75% $5,124
BancorpSouth 1 3.50% $9,853
Watermark Capital, Inc. 1 5.75% $8,823
Aurora Financial, LLC 1 2.88% $2,495
KeyBank 1 5.88% $7,162
HomePromise Corporation 1 6.25% $12,445
ARC HOME LLC 1 4.13% $16,489
UNITED MORTGAGE CORP 1 5.75% $16,194
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 4.88% $20,060
AmeriHome Mortgage Company, LLC 1 5.99% $12,629
JAMES B. NUTTER & COMPANY 1 6.00% $10,684
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.88% $0
HOMESTAR FINANCIAL CORPORATION 1 3.63% $15,081
First United Bank and Trust Company 1 3.00% $4,649
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.63% $7,794
First Federal Bank of Kansas City 1 4.63% $2,654
FirstBank 1 2.99% $2,187
FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.25% $10,278
Fifth Third Bank 1 2.88% $8,535
MORTGAGEONE, INC. 1 4.88% $27,051
MORTGAGE ACCESS CORP. 1 5.25% $7,827
HOMESTEAD FUNDING CORP. 1 2.38% $10,952
Encompass Lending Group, LP 1 3.75% $17,437
First Western Trust Bank 1 4.50% $18,372
EagleBank 1 5.13% $25,410
Old National Bank 1 5.00% $23,536
Credence Funding Corporation 1 3.38% $2,205
FLAT BRANCH MORTGAGE, INC. 1 4.25% $15,455
Cornerstone First Mortgage, Inc 1 5.25% $11,397
Core Bank 1 3.75% $11,008
Community First National Bank 1 5.00% $10,075
PLAZA HOME MORTGAGE, INC. 1 2.25% $13,989
MICHIGAN MUTUAL, INC. 1 4.63% $24,256
Hometown Lenders, Inc. 1 3.25% $17,510
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.13% $14,382
CIS Financial Services, Inc. 1 4.13% $22,290
Red River Bank 1 4.75% $11,254
CHARTER WEST BANK 1 5.75% $9,155
RESIDENTIAL BANCORP 1 4.75% $7,428
ROYAL UNITED MORTGAGE LLC 1 5.50% $26,177
Sandy Spring Bank 1 4.25% $3,989
SeaTrust Mortgage Company 1 6.88% $14,454
Semper Home Loans, Inc. 1 5.50% $11,015
Service Federal Credit Union 1 4.38% $19,915
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.99% $23,226
Simmons Bank 1 3.25% $9,957
Virginia Credit Union, Inc. 1 5.00% $6,961

The top Virginia Beach VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2,294 VA loans originated. Their average total fees are $8,701, which is $2,265 lower than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

The lowest fee Virginia Beach VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($5,212), LAKEVIEW LOAN SERVICING, LLC ($5,986), Wells Fargo Bank ($6,665), RELIANCE FIRST CAPITAL, LLC ($6,744) and CAPITAL CENTER, L.L.C. ($6,836).

The lowest rate Virginia Beach VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.26%), NP, Inc. (3.39%), UNION HOME MORTGAGE CORP. (3.40%), Truist (3.40%) and TOWNE MORTGAGE COMPANY (3.41%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Virginia Beach (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 $260,000 (4.0%) $340,878 (4.2%) 0.96 9,205
2018-02-01 $259,995 (4.0%) $339,271 (3.6%) 0.94 9,362
2018-03-01 $269,000 (4.1%) $342,891 (3.0%) 0.94 9,664
2018-04-01 $273,945 (3.4%) $349,135 (2.9%) 0.93 10,044
2018-05-01 $278,200 (3.3%) $355,174 (3.1%) 0.93 10,269
2018-06-01 $279,900 (4.1%) $355,931 (2.8%) 0.93 10,620
2018-07-01 $279,315 (5.4%) $353,190 (3.1%) 0.93 10,771
2018-08-01 $278,900 (5.3%) $351,477 (3.2%) 0.93 10,771
2018-09-01 $277,445 (4.9%) $350,596 (3.0%) 0.93 10,537
2018-10-01 $274,448 (3.6%) $348,100 (1.1%) 0.93 10,489
2018-11-01 $270,723 (2.6%) $347,315 (1.5%) 0.92 10,126
2018-12-01 $273,773 (5.3%) $348,737 (2.3%) 0.94 9,628
2019-01-01 $274,950 (5.8%) $347,793 (2.0%) 0.95 9,132
2019-02-01 $277,000 (6.5%) $345,141 (1.7%) 0.94 8,605
2019-03-01 $284,577 (5.8%) $353,271 (3.0%) 0.93 8,951
2019-04-01 $293,506 (7.1%) $369,959 (6.0%) 0.93 9,311
2019-05-01 $296,450 (6.6%) $371,879 (4.7%) 0.93 9,808
2019-06-01 $297,500 (6.3%) $373,247 (4.9%) 0.93 9,904
2019-07-01 $296,950 (6.3%) $375,079 (6.2%) 0.93 9,739
2019-08-01 $293,636 (5.3%) $375,060 (6.7%) 0.93 9,426
2019-09-01 $291,591 (5.1%) $375,199 (7.0%) 0.93 9,042
2019-10-01 $290,000 (5.7%) $374,812 (7.7%) 0.94 8,740
2019-11-01 $294,900 (8.9%) $376,348 (8.4%) 0.97 8,234
2019-12-01 $299,450 (9.4%) $381,557 (9.4%) 1.00 7,211
2020-01-01 $298,480 (8.6%) $380,462 (9.4%) 1.00 6,719
2020-02-01 $299,040 (8.0%) $383,580 (11.1%) 0.98 6,781
2020-03-01 $300,000 (5.4%) $384,312 (8.8%) 0.94 6,922
2020-04-01 $304,650 (3.8%) $386,587 (4.5%) 0.95 6,920
2020-05-01 $313,000 (5.6%) $395,352 (6.3%) 0.95 6,668
2020-06-01 $321,835 (8.2%) $407,646 (9.2%) 0.95 6,123
2020-07-01 $324,900 (9.4%) $408,697 (9.0%) 0.94 5,817
2020-08-01 $324,900 (10.7%) $414,769 (10.6%) 0.93 5,274
2020-09-01 $320,643 (10.0%) $411,239 (9.6%) 0.92 5,033
2020-10-01 $310,000 (6.9%) $409,313 (9.2%) 0.89 4,763
2020-11-01 $305,000 (3.4%) $409,994 (8.9%) 0.89 4,599
2020-12-01 $299,900 (0.2%) $403,333 (5.7%) 0.89 4,159
2021-01-01 $299,900 (0.5%) $401,580 (5.6%) 0.90 3,714
2021-02-01 $299,945 (0.3%) $405,023 (5.6%) 0.87 3,450
2021-03-01 $300,029 (0.0%) $406,184 (5.7%) 0.85 3,282
2021-04-01 $309,675 (1.7%) $404,962 (4.8%) 0.84 3,466
2021-05-01 $309,990 (-1.0%) $412,839 (4.4%) 0.82 3,530
2021-06-01 $309,498 (-3.8%) $412,026 (1.1%) 0.81 3,823
2021-07-01 $305,000 (-6.1%) $409,707 (0.3%) 0.80 4,100
2021-08-01 $299,950 (-7.7%) $409,406 (-1.3%) 0.80 4,289
2021-09-01 $304,375 (-5.1%) $415,364 (1.0%) 0.81 4,221
2021-10-01 $302,500 (-2.4%) $416,223 (1.7%) 0.81 3,980
2021-11-01 $300,000 (-1.6%) $413,202 (0.8%) 0.80 3,626
2021-12-01 $302,990 (1.0%) $412,797 (2.4%) 0.82 3,082
2022-01-01 $313,990 (4.7%) $421,772 (5.0%) 0.85 2,520
2022-02-01 $319,950 (6.7%) $423,246 (4.5%) 0.83 2,247
2022-03-01 $327,500 (9.2%) $433,227 (6.7%) 0.82 2,210
2022-04-01 $340,000 (9.8%) $446,871 (10.4%) 0.81 2,353
2022-05-01 $350,000 (12.9%) $455,429 (10.3%) 0.80 2,828
2022-06-01 $350,000 (13.1%) $461,450 (12.0%) 0.78 3,213
2022-07-01 $350,000 (14.8%) $468,659 (14.4%) 0.79 3,621
2022-08-01 $349,950 (16.7%) $467,630 (14.2%) 0.81 3,706
2022-09-01 $349,950 (15.0%) $464,897 (11.9%) 0.82 3,603
2022-10-01 $359,945 (19.0%) $472,301 (13.5%) 0.85 3,523
2022-11-01 $359,950 (20.0%) $466,485 (12.9%) 0.87 3,634
2022-12-01 $360,000 (18.8%) $465,520 (12.8%) 0.89 3,341
2023-01-01 $369,000 (17.5%) $468,759 (11.1%) 0.91 2,977
2023-02-01 $374,450 (17.0%) $471,876 (11.5%) 0.90 2,810
2023-03-01 $374,950 (14.5%) $477,457 (10.2%) 0.88 2,715
2023-04-01 $385,000 (13.2%) $492,568 (10.2%) 0.90 2,742
2023-05-01 $387,450 (10.7%) $502,563 (10.4%) 0.88 2,745
2023-06-01 $399,000 (14.0%) $520,453 (12.8%) 0.90 2,896
2023-07-01 $395,000 (12.9%) $514,444 (9.8%) 0.90 3,027
2023-08-01 $386,563 (10.5%) $501,945 (7.3%) 0.89 3,664
2023-09-01 $380,000 (8.6%) $497,787 (7.1%) 0.88 3,521
2023-10-01 $374,950 (4.2%) $480,119 (1.7%) 0.88 3,446
2023-11-01 $379,450 (5.4%) $482,230 (3.4%) 0.90 3,586
2023-12-01 $379,000 (5.3%) $481,355 (3.4%) 0.92 3,463
Virginia Beach's median listing price for 2023-12-01 was $379,000, a difference of $19,000 (5.3%) versus the prior year and $-450 versus the prior month.

Virginia Beach's median listing price comes in at 92% of the national average.

Virginia Beach's average listing price for 2023-12-01 was $481,355, a difference of $15,835 (3.4%) versus the prior year and $-875 versus the prior month.

For the 2023-12-01 period, Virginia Beach had 3,463 MLS listings, a difference of -123 listings (-3%) versus the prior month and 122 listings (4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Virginia Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 78 days 1,948 sqft
2018-02-01 67 days 1,941 sqft
2018-03-01 51 days 1,970 sqft
2018-04-01 47 days 1,996 sqft
2018-05-01 45 days 2,000 sqft
2018-06-01 47 days 2,000 sqft
2018-07-01 52 days 2,000 sqft
2018-08-01 57 days 1,999 sqft
2018-09-01 59 days 2,000 sqft
2018-10-01 61 days 1,980 sqft
2018-11-01 62 days 1,979 sqft
2018-12-01 70 days 1,976 sqft
2019-01-01 72 days 1,977 sqft
2019-02-01 63 days 1,987 sqft
2019-03-01 48 days 2,008 sqft
2019-04-01 43 days 2,035 sqft
2019-05-01 43 days 2,036 sqft
2019-06-01 45 days 2,036 sqft
2019-07-01 52 days 2,020 sqft
2019-08-01 54 days 2,005 sqft
2019-09-01 56 days 2,002 sqft
2019-10-01 57 days 2,000 sqft
2019-11-01 58 days 2,003 sqft
2019-12-01 66 days 2,026 sqft
2020-01-01 69 days 2,005 sqft
2020-02-01 50 days 2,005 sqft
2020-03-01 44 days 2,030 sqft
2020-04-01 48 days 2,037 sqft
2020-05-01 53 days 2,054 sqft
2020-06-01 47 days 2,075 sqft
2020-07-01 42 days 2,057 sqft
2020-08-01 38 days 2,054 sqft
2020-09-01 38 days 2,015 sqft
2020-10-01 39 days 1,974 sqft
2020-11-01 39 days 1,935 sqft
2020-12-01 45 days 1,898 sqft
2021-01-01 46 days 1,876 sqft
2021-02-01 35 days 1,840 sqft
2021-03-01 29 days 1,857 sqft
2021-04-01 26 days 1,871 sqft
2021-05-01 23 days 1,867 sqft
2021-06-01 25 days 1,857 sqft
2021-07-01 26 days 1,824 sqft
2021-08-01 28 days 1,800 sqft
2021-09-01 31 days 1,800 sqft
2021-10-01 31 days 1,797 sqft
2021-11-01 33 days 1,768 sqft
2021-12-01 37 days 1,778 sqft
2022-01-01 40 days 1,800 sqft
2022-02-01 26 days 1,800 sqft
2022-03-01 22 days 1,822 sqft
2022-04-01 19 days 1,854 sqft
2022-05-01 21 days 1,886 sqft
2022-06-01 23 days 1,900 sqft
2022-07-01 26 days 1,903 sqft
2022-08-01 33 days 1,922 sqft
2022-09-01 37 days 1,912 sqft
2022-10-01 37 days 1,945 sqft
2022-11-01 39 days 1,946 sqft
2022-12-01 49 days 1,945 sqft
2023-01-01 52 days 1,951 sqft
2023-02-01 38 days 1,955 sqft
2023-03-01 38 days 1,970 sqft
2023-04-01 30 days 2,000 sqft
2023-05-01 29 days 2,016 sqft
2023-06-01 29 days 2,031 sqft
2023-07-01 32 days 2,010 sqft
2023-08-01 31 days 1,960 sqft
2023-09-01 36 days 1,972 sqft
2023-10-01 39 days 1,927 sqft
2023-11-01 38 days 1,941 sqft
2023-12-01 45 days 1,938 sqft
Virginia Beach's median listing age (time on market) for 2023-12-01 was 45 days. This is -8% shorter than the same period one year ago.

Virginia Beach's median square footage for active listings during the 2023-12-01 period was 1,938 sqft. One year prior, the average listing was 1,945 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.