Virginia Beach VA Loan Rates, Closing Costs & Stats

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-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.

    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 0.18% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Virginia Beach's average VA mortgage closing costs are $7,333.

    The average rate for the prior week (2025-06-27) was 6.72% and one month ago for the week of 2025-05-30, the average rate was 6.94%.

    The average rate one year ago was 6.56%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.13%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 2,015 6.41% $7,572
    UNITED WHOLESALE MORTGAGE, LLC 1,198 5.85% $8,291
    FREEDOM MORTGAGE CORPORATION 1,011 6.13% $10,514
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 843 6.26% $8,737
    NAVY FEDERAL CREDIT UNION 710 5.89% $7,970
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 694 6.24% $10,254
    QUICKEN LOANS, LLC 494 5.99% $11,613
    PENNYMAC LOAN SERVICES, LLC 430 5.64% $7,994
    MOVEMENT MORTGAGE, LLC 425 6.25% $9,814
    NEWREZ LLC 345 6.05% $9,523
    SOUTHERN TRUST MORTGAGE, LLC 337 6.34% $17,659
    VILLAGE CAPITAL MORTGAGE 308 5.66% $8,001
    NVR Mortgage Finance, Inc. 265 6.04% $8,730
    TIDEWATER MORTGAGE SERVICES, INC. 200 6.36% $11,055
    CROSSCOUNTRY MORTGAGE, LLC 181 6.30% $9,641
    Atlantic Coast Mortgage, LLC 179 6.24% $11,777
    Advance Financial Group, LLC 154 6.19% $12,922
    Towne Bank 149 6.21% $12,124
    CALCON MUTUAL MORTGAGE LLC 135 6.19% $10,555
    CMG MORTGAGE, INC. 134 6.13% $13,311
    LOANDEPOT.COM, LLC 134 5.93% $11,194
    Presidential Bank, FSB 131 6.44% $9,662
    USAA Federal Savings Bank 126 6.19% $10,277
    FIRST COMMUNITY MORTGAGE, INC. 120 6.49% $11,852
    Prosperity Home Mortgage, LLC 118 6.14% $10,616
    Towne Mortgage, LLC 113 6.29% $12,963
    The Federal Savings Bank 96 6.37% $14,856
    NEW DAY FINANCIAL, LLC 86 7.43% $14,394
    PLANET HOME LENDING, LLC 86 5.71% $5,061
    BROKER SOLUTIONS, INC. 72 6.53% $12,053
    MORIA DEVELOPMENT, INC. 68 6.24% $9,741
    T2 FINANCIAL LLC 65 6.42% $11,689
    MUTUAL OF OMAHA MORTGAGE, INC. 63 6.18% $12,437
    AMERICAN FINANCIAL NETWORK, INC. 61 6.23% $8,026
    LAKEVIEW LOAN SERVICING, LLC 61 5.75% $6,547
    Armed Forces Bank 60 6.29% $9,810
    GUARANTEED RATE, INC. 60 6.02% $7,181
    DHI MORTGAGE COMPANY, LTD. 57 5.02% $14,002
    Alcova Mortgage LLC 53 6.42% $10,077
    DRAGAS MORTGAGE COMPANY 52 5.96% $14,046
    HOMESPIRE MORTGAGE CORPORATION 51 6.38% $6,903
    GUILD MORTGAGE COMPANY 51 6.22% $12,341
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 50 6.21% $9,870
    EAGLE HOME MORTGAGE, LLC 50 5.75% $7,059
    NBKC BANK 47 5.97% $10,174
    North American Savings Bank, F.S.B. 45 5.85% $10,075
    Tidewater Home Funding, LLC 41 6.11% $9,929
    PRIMELENDING, A PLAINSCAPITAL COMPANY 40 6.29% $11,687
    CARDINAL FINANCIAL 40 6.71% $16,203
    Mr. Cooper ( Nationstar Mortgage ) 38 6.20% $9,322
    GoPrime Mortgage, Inc. 37 6.25% $10,471
    Carrington Mortgage Services, LLC 37 6.07% $11,729
    CLEARPATH LENDING 37 5.69% $9,390
    Mid-Continent Funding, Inc. 36 6.02% $8,552
    Barrington Bank & Trust Company, N.A. 35 6.31% $6,292
    Lakeview Community Capital, LLC 34 5.74% $5,993
    C & F Mortgage Corporation 34 6.47% $15,024
    EVERETT FINANCIAL, INC. 33 6.63% $12,139
    Equity Prime Mortgage LLC 32 6.75% $9,248
    EMM LOANS LLC 32 5.84% $10,127
    Ameris Bank 31 6.26% $8,842
    CITY FIRST MORTGAGE SERVICES, L.L.C. 30 6.42% $11,349
    Magnolia Bank 29 5.96% $20,472
    LOANPAL, LLC 27 5.81% $14,289
    First Federal Bank 25 5.78% $9,470
    Truist 24 6.10% $6,837
    CAPITAL CENTER, L.L.C. 23 6.21% $5,838
    Sierra Pacific Mortgage Company, Inc. 23 6.28% $10,808
    UNION HOME MORTGAGE CORP. 21 6.35% $10,959
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 19 6.22% $8,305
    Plains Commerce Bank 19 6.19% $9,468
    AMERISAVE MORTGAGE CORPORATION 19 5.95% $18,663
    PENTAGON FEDERAL CREDIT UNION 19 5.89% $7,716
    AmeriHome Mortgage Company, LLC 19 6.13% $4,475
    U.S. Bank 18 6.10% $10,800
    Flagstar Bank, FSB 18 6.26% $6,765
    NFM, INC. 16 6.50% $13,687
    HOMEBRIDGE FINANCIAL SERVICES, INC. 16 6.40% $4,870
    SUN WEST MORTGAGE COMPANY, INC. 15 6.08% $7,631
    First Heritage Mortgage, LLC 14 5.93% $11,302
    FIDELITY DIRECT MORTGAGE, LLC 14 6.36% $10,181
    Credence Funding Corporation 13 5.60% $6,282
    Paramount Residential Mortgage Group, Inc. 13 6.47% $13,705
    ISERVE RESIDENTIAL LENDING, LLC 13 6.69% $8,720
    Blue Ridge Bank 12 6.57% $9,258
    PLAZA HOME MORTGAGE, INC. 12 6.38% $14,386
    BAY EQUITY LLC 12 6.52% $8,493
    HOMESIDE FINANCIAL, LLC 12 6.54% $16,883
    INTERCAP LENDING INC. 12 6.23% $9,965
    PHH Mortgage Corporation 11 5.56% $5,583
    MORTGAGE SOLUTIONS OF COLORADO, LLC 11 7.60% $10,266
    SeaTrust Mortgage Company 10 6.23% $8,887
    NETWORK CAPITAL FUNDING CORPORATION 10 6.10% $11,227
    AMERICAN FINANCIAL RESOURCES, INC. 9 6.47% $13,300
    Fulton Bank 9 6.21% $14,704
    RELIANCE FIRST CAPITAL, LLC 9 6.64% $13,034
    Keystone Funding, Inc. 9 6.29% $11,428
    The Loan Store, Inc. 8 6.20% $13,086
    CHURCHILL MORTGAGE CORPORATION 8 6.17% $14,842
    EMBRACE HOME LOANS, INC. 8 5.98% $9,567
    MILEND, INC. 8 6.69% $20,789
    NATIONS DIRECT MORTGAGE, LLC 8 6.30% $7,822
    Strong Home Mortgage, LLC 8 5.95% $9,324
    JPMorgan Chase Bank 7 6.09% $6,917
    NORWICH COMMERCIAL GROUP, INC. 7 5.46% $7,277
    Century Mortgage Company DBA Century Lending Company 7 5.98% $10,393
    MORTGAGEONE, INC. 6 6.73% $9,977
    LANGLEY 6 6.63% $3,095
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.48% $10,451
    PNC Bank 6 6.23% $6,848
    Loan Simple, Inc. 6 6.83% $12,174
    Dollar Bank, Federal Savings Bank 6 6.50% $9,494
    Wells Fargo Bank 6 6.08% $13,864
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 6 6.39% $12,048
    Meridian Bank Corporation 5 6.35% $11,817
    HomePromise Corporation 5 7.43% $3,324
    CONTOUR MORTGAGE CORPORATION 5 6.28% $11,520
    ENVOY MORTGAGE, LTD 5 6.63% $10,479
    Old National Bank 5 5.78% $13,544
    Cornerstone First Mortgage, Inc 5 6.47% $11,093
    Ixonia Bank 5 5.75% $10,514
    INTERCOASTAL MORTGAGE COMPANY 4 6.28% $10,399
    GUARANTEED RATE AFFINITY, LLC 4 6.41% $7,060
    GENEVA FINANCIAL, LLC 4 6.78% $14,715
    Nations Lending Corporation 4 6.22% $12,606
    FIRST HOME MORTGAGE CORPORATION 4 6.22% $9,258
    Evolve Bank & Trust 4 6.53% $8,769
    Regions Bank 4 5.81% $24,378
    Texana Bank 4 5.88% $11,263
    TJC Mortgage, Inc. 4 5.78% $11,646
    American Mortgage & Equity Consultants, Inc. 4 6.69% $9,513
    VAN DYK MORTGAGE CORPORATION 4 6.72% $6,950
    V.I.P. MORTGAGE, INC. 4 6.00% $13,945
    Virginia Credit Union, Inc. 3 6.42% $6,857
    ZILLOW HOME LOANS, LLC 3 6.54% $8,806
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.33% $23,741
    PREMIA MORTGAGE, LLC 3 5.69% $6,153
    ALLIED MORTGAGE GROUP, INC. 3 5.88% $4,912
    Gateway First Bank 3 6.04% $8,925
    ALLIANT CREDIT UNION 3 5.92% $6,671
    THE MORTGAGE FIRM, INC. 3 6.25% $7,506
    American Security Mortgage Corp. 3 5.96% $12,811
    TOWNE MORTGAGE COMPANY 3 6.17% $6,467
    VILLAGE BANK MORTGAGE CORPORATION 3 6.33% $5,336
    Bank of England 3 6.13% $16,890
    Access Bank 2 6.00% $13,230
    SWBC MORTGAGE CORPORATION 2 6.00% $8,404
    First Western Trust Bank 2 5.88% $11,839
    NEWPORT NEWS SHIPBUILDING EMPLOYEES 2 6.06% $9,260
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 5.44% $5,615
    S1L, Inc. 2 6.25% $11,145
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.75% $26,859
    Sandy Spring Bank 2 5.75% $11,279
    Citibank 2 6.19% $2,860
    Northpointe Bank 2 6.50% $12,145
    CORNERSTONE HOME LENDING, INC. 2 5.75% $11,340
    Southern Bank and Trust Company 2 6.31% $7,624
    Towne First Mortgage, LLC 2 6.25% $15,297
    VERITAS FUNDING, LLC 2 6.56% $12,468
    United Bank 2 5.87% $16,325
    Red River Bank 2 6.25% $8,751
    STAUNTON FINANCIAL, INC. 2 6.31% $13,920
    CityWorth Mortgage LLC 2 6.19% $14,076
    STOCKTON MORTGAGE CORPORATION 1 7.25% $9,875
    Stride Bank 1 5.75% $5,632
    BETTER MORTGAGE CORPORATION 1 6.13% $11,208
    BAY CAPITAL MORTGAGE CORPORATION 1 6.50% $11,435
    First State Bank of St. Charles, Missouri 1 6.25% $15,021
    The Central Trust Bank 1 5.63% $27,743
    The Huntington National Bank 1 6.13% $6,552
    1ST SIGNATURE LENDING, LLC 1 7.63% $10,752
    THE MORTGAGE LINK, INC. 1 6.75% $33,354
    Assurance Financial Group, L.L.C. 1 6.75% $7,125
    LEGEND LENDING CORPORATION 1 5.88% $18,045
    LEADERONE FINANCIAL CORPORATION 1 6.75% $16,093
    UNITED MORTGAGE CORP 1 6.50% $17,150
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.25% $17,795
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 5.50% $9,735
    University Bank 1 5.50% $9,113
    Home Mortgage Alliance Corp 1 5.25% $3,619
    Acre Mortgage and Financial Inc 1 5.13% $10,402
    MLD MORTGAGE INC. 1 6.25% $4,346
    M&T Bank 1 6.13% $3,424
    NATION ONE MORTGAGE CORPORATION 1 6.25% $0
    MLB RESIDENTIAL LENDING, LLC 1 7.00% $8,769
    JAMS-01, INC. 1 6.13% $26,617
    LAND HOME FINANCIAL SERVICES, INC. 1 6.13% $7,459
    NBH Bank 1 6.63% $7,115
    First Option Mortgage, LLC 1 7.13% $10,191
    First National Bank of Pennsylvania 1 6.63% $10,202
    First Merchants Bank 1 7.13% $12,785
    First-Citizens Bank & Trust Company 1 5.13% $3,993
    MILLENNIUM FINANCIAL GROUP, INC. 1 6.25% $22,108
    Waterstone Mortgage Corporation 1 6.63% $30,661
    OPEN MORTGAGE, LLC 1 5.75% $7,882
    Midwest BankCentre 1 6.13% $16,190
    Encompass Lending Group, LP 1 6.25% $12,156
    MEMBER ADVANTAGE MORTGAGE, LLC 1 6.38% $7,996
    Performance Financial, Inc. 1 6.25% $15,738
    DIRECT MORTGAGE LOANS, LLC 1 7.13% $8,037
    DELMAR FINANCIAL COMPANY 1 6.25% $4,530
    HOMESTEAD FUNDING CORP. 1 5.25% $12,907
    Integrity Home Mortgage Corp 1 6.75% $6,736
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.75% $6,222
    Core Bank 1 6.13% $3,586
    LOANLEADERS OF AMERICA, INC. 1 5.75% $4,246
    COMPASS MORTGAGE, INC. 1 6.25% $7,153
    Commerce Home Mortgage, Inc. 1 5.75% $7,110
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.25% $11,478
    RESIDENTIAL BANCORP 1 6.75% $1,678
    RESOURCE FINANCIAL SERVICES, INC. 1 6.63% $15,216
    RUOFF MORTGAGE COMPANY, INC. 1 6.13% $12,002
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $12,282
    CIS Financial Services, Inc. 1 7.63% $6,469
    INTELLILOAN, INC. 1 5.75% $772
    South State Bank 1 5.88% $4,913

    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%).

    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.