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 216 lenders originated 14,371 VA loans during 2024. The total origination value was $5,438,585,000, with an average VA loan value of $378,442.
Virginia Beach VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Virginia Beach
averaged
6.9%
for the week of 2025-05-23, compared to the national average (all VA variants) of
6.52% for the same period.
Virginia Beach's average VA mortgage closing costs are $7,333.
The average rate for the prior week (2025-05-16) was
6.59% and
one month ago for the week of 2025-04-18, the
average rate was 6.56%.
The average rate one year ago was 6.98%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.39%.
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.
The top Virginia Beach VA lender as defined by loan originations is Mortgage Research Center, LLC, with
2,015 VA loans originated. Their average total fees are
$7,572, which is $719
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Virginia Beach VA lenders (with over 10 loans originated) are
AmeriHome Mortgage Company, LLC ($4,475), HOMEBRIDGE FINANCIAL SERVICES, INC. ($4,870), PLANET HOME LENDING, LLC ($5,061), PHH Mortgage Corporation ($5,583) and CAPITAL CENTER, L.L.C. ($5,838).
The lowest rate Virginia Beach VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.02%), PHH Mortgage Corporation (5.56%), Credence Funding Corporation (5.60%), PENNYMAC LOAN SERVICES, LLC (5.64%) and VILLAGE CAPITAL MORTGAGE (5.66%).
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%) | $340,882 (4.2%) | 0.96 | 9,205 |
| 2018-02-01 | $259,995 (4.0%) | $339,275 (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 | $270,450 (2.4%) | $347,315 (1.5%) | 0.92 | 10,125 |
| 2018-12-01 | $273,646 (5.3%) | $348,736 (2.3%) | 0.94 | 9,627 |
| 2019-01-01 | $274,950 (5.8%) | $347,793 (2.0%) | 0.95 | 9,131 |
| 2019-02-01 | $277,000 (6.5%) | $345,141 (1.7%) | 0.94 | 8,604 |
| 2019-03-01 | $284,571 (5.8%) | $353,272 (3.0%) | 0.93 | 8,950 |
| 2019-04-01 | $293,500 (7.1%) | $369,962 (6.0%) | 0.93 | 9,310 |
| 2019-05-01 | $296,450 (6.6%) | $371,881 (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 (9.0%) | $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%) | $416,194 (1.7%) | 0.81 | 3,980 |
| 2021-11-01 | $300,000 (-1.6%) | $413,170 (0.8%) | 0.80 | 3,627 |
| 2021-12-01 | $302,967 (1.0%) | $412,761 (2.3%) | 0.82 | 3,083 |
| 2022-01-01 | $313,980 (4.7%) | $421,724 (5.0%) | 0.85 | 2,521 |
| 2022-02-01 | $319,950 (6.7%) | $423,194 (4.5%) | 0.83 | 2,248 |
| 2022-03-01 | $327,475 (9.2%) | $433,172 (6.6%) | 0.82 | 2,211 |
| 2022-04-01 | $340,000 (9.8%) | $446,815 (10.3%) | 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%) | $467,607 (14.2%) | 0.81 | 3,707 |
| 2022-09-01 | $349,950 (15.0%) | $464,891 (11.9%) | 0.82 | 3,602 |
| 2022-10-01 | $359,900 (19.0%) | $472,325 (13.5%) | 0.85 | 3,522 |
| 2022-11-01 | $359,950 (20.0%) | $466,504 (12.9%) | 0.87 | 3,634 |
| 2022-12-01 | $360,000 (18.8%) | $465,540 (12.8%) | 0.89 | 3,342 |
| 2023-01-01 | $369,000 (17.5%) | $468,774 (11.2%) | 0.91 | 2,978 |
| 2023-02-01 | $374,450 (17.0%) | $471,884 (11.5%) | 0.90 | 2,811 |
| 2023-03-01 | $374,950 (14.5%) | $477,464 (10.2%) | 0.88 | 2,716 |
| 2023-04-01 | $385,000 (13.2%) | $492,570 (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 |
| 2024-01-01 | $378,995 (2.7%) | $484,837 (3.4%) | 0.93 | 3,117 |
| 2024-02-01 | $387,223 (3.4%) | $494,149 (4.7%) | 0.93 | 3,083 |
| 2024-03-01 | $395,000 (5.4%) | $515,597 (8.0%) | 0.93 | 3,130 |
| 2024-04-01 | $394,995 (2.6%) | $513,348 (4.2%) | 0.92 | 3,233 |
| 2024-05-01 | $393,750 (1.6%) | $524,521 (4.4%) | 0.90 | 3,535 |
| 2024-06-01 | $394,500 (-1.1%) | $518,792 (-0.3%) | 0.90 | 3,721 |
| 2024-07-01 | $397,225 (0.6%) | $522,888 (1.6%) | 0.91 | 4,033 |
| 2024-08-01 | $395,000 (2.2%) | $517,458 (3.1%) | 0.92 | 4,415 |
| 2024-09-01 | $394,400 (3.8%) | $510,971 (2.7%) | 0.93 | 4,462 |
| 2024-10-01 | $395,450 (5.5%) | $516,935 (7.7%) | 0.93 | 4,494 |
| 2024-11-01 | $390,000 (2.8%) | $513,504 (6.5%) | 0.94 | 4,593 |
| 2024-12-01 | $389,950 (2.9%) | $518,111 (7.6%) | 0.97 | 4,050 |
| 2025-01-01 | $389,450 (2.8%) | $515,174 (6.3%) | 0.97 | 3,809 |
| 2025-02-01 | $392,500 (1.4%) | $515,376 (4.3%) | 0.95 | 3,921 |
| 2025-03-01 | $399,966 (1.3%) | $527,695 (2.4%) | 0.94 | 3,944 |
| 2025-04-01 | $409,950 (3.8%) | $531,118 (3.5%) | 0.95 | 4,271 |
Virginia Beach's median listing price comes in at 95% of the national average.
Virginia Beach's average listing price for 2025-04-01 was $531,118, a difference of $17,770 (3.5%) versus the prior year and $3,423 versus the prior month.
For the 2025-04-01 period, Virginia Beach had 4,271 MLS listings, a difference of 327 listings (8%) versus the prior month and 1,038 listings (32%) 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 | 1,949 sqft |
| 2018-02-01 | 67 days | 1,941 sqft |
| 2018-03-01 | 51 days | 1,970 sqft |
| 2018-04-01 | 47 days | 1,997 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 | 1,981 sqft |
| 2018-11-01 | 62 days | 1,980 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 | 2,036 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 | 2,014 sqft |
| 2020-10-01 | 39 days | 1,975 sqft |
| 2020-11-01 | 39 days | 1,936 sqft |
| 2020-12-01 | 45 days | 1,899 sqft |
| 2021-01-01 | 46 days | 1,876 sqft |
| 2021-02-01 | 35 days | 1,841 sqft |
| 2021-03-01 | 29 days | 1,857 sqft |
| 2021-04-01 | 26 days | 1,871 sqft |
| 2021-05-01 | 23 days | 1,868 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 | 1,798 sqft |
| 2021-11-01 | 33 days | 1,768 sqft |
| 2021-12-01 | 37 days | 1,779 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 | 1,885 sqft |
| 2022-06-01 | 23 days | 1,900 sqft |
| 2022-07-01 | 26 days | 1,903 sqft |
| 2022-08-01 | 33 days | 1,921 sqft |
| 2022-09-01 | 37 days | 1,911 sqft |
| 2022-10-01 | 37 days | 1,944 sqft |
| 2022-11-01 | 39 days | 1,947 sqft |
| 2022-12-01 | 49 days | 1,946 sqft |
| 2023-01-01 | 52 days | 1,951 sqft |
| 2023-02-01 | 38 days | 1,955 sqft |
| 2023-03-01 | 38 days | 1,969 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 |
| 2024-01-01 | 49 days | 1,922 sqft |
| 2024-02-01 | 37 days | 1,942 sqft |
| 2024-03-01 | 34 days | 1,962 sqft |
| 2024-04-01 | 32 days | 1,936 sqft |
| 2024-05-01 | 30 days | 1,924 sqft |
| 2024-06-01 | 32 days | 1,900 sqft |
| 2024-07-01 | 35 days | 1,908 sqft |
| 2024-08-01 | 36 days | 1,908 sqft |
| 2024-09-01 | 41 days | 1,899 sqft |
| 2024-10-01 | 43 days | 1,894 sqft |
| 2024-11-01 | 44 days | 1,868 sqft |
| 2024-12-01 | 47 days | 1,861 sqft |
| 2025-01-01 | 52 days | 1,843 sqft |
| 2025-02-01 | 39 days | 1,840 sqft |
| 2025-03-01 | 38 days | 1,875 sqft |
| 2025-04-01 | 35 days | 1,903 sqft |
Virginia Beach's median square footage for active listings during the 2025-04-01 period was 1,903 sqft. One year prior, the average listing was 1,936 sqft.