Wilmington VA Loan Rates, Closing Costs & Stats

WILMINGTON, DE-MD-NJ

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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.

    Wilmington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wilmington averaged 0% for the week of 2025-06-13, compared to the national average (all VA variants) of 6.452% for the same period.

    Wilmington's average VA mortgage closing costs are $0.

    The average rate for the prior week (2025-06-06) was 0% and one month ago for the week of 2025-05-09, the average rate was 0%.

    The average rate one year ago was 0%.

    For refis of the same type during the week of 2025-06-13, the average rate was 0%.

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

    Wilmington 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 Wilmington level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs

    The lowest fee Wilmington VA lenders (with over 10 loans originated) are .

    The lowest rate Wilmington VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wilmington (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 $229,995 (5.0%) $343,137 (3.1%) 0.85 20,094
    2018-02-01 $236,495 (7.5%) $345,650 (2.6%) 0.86 20,324
    2018-03-01 $240,000 (5.2%) $355,336 (2.9%) 0.84 19,665
    2018-04-01 $249,950 (6.4%) $368,672 (4.1%) 0.85 20,537
    2018-05-01 $264,500 (8.2%) $382,309 (5.4%) 0.88 21,370
    2018-06-01 $269,000 (8.7%) $388,011 (5.6%) 0.90 21,956
    2018-07-01 $269,900 (8.2%) $387,677 (6.0%) 0.90 22,047
    2018-08-01 $262,450 (5.8%) $381,807 (5.9%) 0.88 22,061
    2018-09-01 $260,000 (5.3%) $381,223 (5.4%) 0.87 22,375
    2018-10-01 $264,900 (6.0%) $381,636 (4.1%) 0.90 22,723
    2018-11-01 $262,000 (8.1%) $378,890 (7.1%) 0.89 21,978
    2018-12-01 $253,154 (6.4%) $372,340 (7.2%) 0.87 20,172
    2019-01-01 $249,900 (8.7%) $362,689 (5.7%) 0.86 18,673
    2019-02-01 $250,000 (5.7%) $367,931 (6.5%) 0.84 18,444
    2019-03-01 $263,571 (9.8%) $382,817 (7.7%) 0.86 18,993
    2019-04-01 $275,000 (10.0%) $395,366 (7.2%) 0.87 19,617
    2019-05-01 $285,250 (7.8%) $405,592 (6.1%) 0.89 20,164
    2019-06-01 $289,900 (7.8%) $407,173 (4.9%) 0.91 20,611
    2019-07-01 $286,000 (6.0%) $404,849 (4.4%) 0.90 20,479
    2019-08-01 $288,811 (10.0%) $407,989 (6.9%) 0.91 19,924
    2019-09-01 $294,542 (13.3%) $417,195 (9.4%) 0.94 19,186
    2019-10-01 $298,363 (12.6%) $424,163 (11.1%) 0.96 18,548
    2019-11-01 $294,500 (12.4%) $421,596 (11.3%) 0.97 17,425
    2019-12-01 $285,497 (12.8%) $419,741 (12.7%) 0.95 15,071
    2020-01-01 $284,450 (13.8%) $417,076 (15.0%) 0.95 13,600
    2020-02-01 $289,986 (16.0%) $429,991 (16.9%) 0.95 13,203
    2020-03-01 $299,950 (13.8%) $443,263 (15.8%) 0.94 13,325
    2020-04-01 $299,900 (9.1%) $442,672 (12.0%) 0.94 11,890
    2020-05-01 $309,945 (8.7%) $451,561 (11.3%) 0.94 12,390
    2020-06-01 $327,450 (13.0%) $472,121 (16.0%) 0.96 12,509
    2020-07-01 $339,900 (18.9%) $495,413 (22.4%) 0.99 11,427
    2020-08-01 $339,900 (17.7%) $503,338 (23.4%) 0.97 10,853
    2020-09-01 $339,950 (15.4%) $506,058 (21.3%) 0.97 10,877
    2020-10-01 $344,900 (15.6%) $514,093 (21.2%) 0.99 10,827
    2020-11-01 $337,450 (14.6%) $509,052 (20.7%) 0.99 10,406
    2020-12-01 $325,000 (13.8%) $499,174 (18.9%) 0.97 9,096
    2021-01-01 $320,000 (12.5%) $500,557 (20.0%) 0.96 7,973
    2021-02-01 $320,000 (10.4%) $512,116 (19.1%) 0.93 7,133
    2021-03-01 $325,000 (8.4%) $521,990 (17.8%) 0.92 7,273
    2021-04-01 $336,450 (12.2%) $537,418 (21.4%) 0.91 7,632
    2021-05-01 $339,000 (9.4%) $524,162 (16.1%) 0.90 8,302
    2021-06-01 $330,000 (0.8%) $501,198 (6.2%) 0.87 9,875
    2021-07-01 $325,000 (-4.4%) $483,749 (-2.4%) 0.86 10,685
    2021-08-01 $319,900 (-5.9%) $470,956 (-6.4%) 0.85 10,997
    2021-09-01 $319,500 (-6.0%) $467,997 (-7.5%) 0.85 11,023
    2021-10-01 $319,900 (-7.3%) $470,871 (-8.4%) 0.85 10,710
    2021-11-01 $311,075 (-7.8%) $469,837 (-7.7%) 0.83 9,791
    2021-12-01 $299,950 (-7.7%) $465,502 (-6.8%) 0.81 8,424
    2022-01-01 $299,900 (-6.3%) $476,101 (-4.9%) 0.81 6,980
    2022-02-01 $299,950 (-6.3%) $485,770 (-5.1%) 0.78 6,570
    2022-03-01 $312,000 (-4.0%) $495,481 (-5.1%) 0.78 6,933
    2022-04-01 $325,000 (-3.4%) $500,971 (-6.8%) 0.77 7,331
    2022-05-01 $339,950 (0.3%) $505,785 (-3.5%) 0.78 8,561
    2022-06-01 $348,950 (5.7%) $504,274 (0.6%) 0.78 9,673
    2022-07-01 $345,000 (6.2%) $499,547 (3.3%) 0.78 10,804
    2022-08-01 $339,450 (6.1%) $495,278 (5.2%) 0.78 10,794
    2022-09-01 $335,000 (4.9%) $495,121 (5.8%) 0.78 10,754
    2022-10-01 $335,000 (4.7%) $498,405 (5.9%) 0.79 11,166
    2022-11-01 $331,850 (6.7%) $497,846 (6.0%) 0.80 11,009
    2022-12-01 $325,000 (8.4%) $492,346 (5.8%) 0.80 9,610
    2023-01-01 $322,245 (7.5%) $496,478 (4.3%) 0.80 8,735
    2023-02-01 $322,450 (7.5%) $510,841 (5.2%) 0.78 8,093
    2023-03-01 $328,700 (5.4%) $516,757 (4.3%) 0.78 7,971
    2023-04-01 $339,900 (4.6%) $538,764 (7.5%) 0.79 8,056
    2023-05-01 $349,450 (2.8%) $544,282 (7.6%) 0.79 8,050
    2023-06-01 $354,950 (1.7%) $560,943 (11.2%) 0.80 8,321
    2023-07-01 $350,000 (1.5%) $553,934 (10.9%) 0.80 8,350
    2023-08-01 $350,000 (3.1%) $543,128 (9.7%) 0.80 8,555
    2023-09-01 $350,000 (4.5%) $541,242 (9.3%) 0.81 9,092
    2023-10-01 $350,000 (4.5%) $543,703 (9.1%) 0.82 9,607
    2023-11-01 $349,900 (5.4%) $536,853 (7.8%) 0.83 9,708
    2023-12-01 $340,000 (4.6%) $530,988 (7.9%) 0.83 8,878
    2024-01-01 $337,313 (4.7%) $533,604 (7.5%) 0.82 7,894
    2024-02-01 $339,950 (5.4%) $538,350 (5.4%) 0.82 7,621
    2024-03-01 $349,999 (6.5%) $559,011 (8.2%) 0.82 7,862
    2024-04-01 $369,950 (8.8%) $583,347 (8.3%) 0.86 8,315
    2024-05-01 $379,950 (8.7%) $601,409 (10.5%) 0.86 8,718
    2024-06-01 $395,000 (11.3%) $594,345 (6.0%) 0.90 9,211
    2024-07-01 $389,644 (11.3%) $586,493 (5.9%) 0.89 9,452
    2024-08-01 $382,000 (9.1%) $573,513 (5.6%) 0.89 9,659
    2024-09-01 $379,450 (8.4%) $567,102 (4.8%) 0.89 10,378
    2024-10-01 $376,500 (7.6%) $560,763 (3.1%) 0.89 10,898
    2024-11-01 $372,500 (6.5%) $546,382 (1.8%) 0.89 10,897
    2024-12-01 $358,075 (5.3%) $539,483 (1.6%) 0.89 9,447
    2025-01-01 $352,000 (4.4%) $537,350 (0.7%) 0.88 8,801
    2025-02-01 $350,000 (3.0%) $533,567 (-0.9%) 0.85 8,732
    2025-03-01 $359,000 (2.6%) $541,068 (-3.2%) 0.84 9,279
    2025-04-01 $375,000 (1.4%) $554,323 (-5.0%) 0.87 9,827
    2025-05-01 $385,000 (1.3%) $562,585 (-6.5%) 0.88 10,711
    Wilmington's median listing price for 2025-05-01 was $385,000, a difference of $5,050 (1.3%) versus the prior year and $10,000 versus the prior month.

    Wilmington's median listing price comes in at 88% of the national average.

    Wilmington's average listing price for 2025-05-01 was $562,585, a difference of $-38,824 (-6.5%) versus the prior year and $8,262 versus the prior month.

    For the 2025-05-01 period, Wilmington had 10,711 MLS listings, a difference of 884 listings (9%) versus the prior month and 1,993 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wilmington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 81 days 1,700 sqft
    2018-02-01 73 days 1,706 sqft
    2018-03-01 54 days 1,719 sqft
    2018-04-01 52 days 1,755 sqft
    2018-05-01 48 days 1,800 sqft
    2018-06-01 51 days 1,825 sqft
    2018-07-01 57 days 1,826 sqft
    2018-08-01 59 days 1,805 sqft
    2018-09-01 60 days 1,800 sqft
    2018-10-01 60 days 1,800 sqft
    2018-11-01 63 days 1,800 sqft
    2018-12-01 72 days 1,764 sqft
    2019-01-01 79 days 1,751 sqft
    2019-02-01 72 days 1,772 sqft
    2019-03-01 58 days 1,805 sqft
    2019-04-01 46 days 1,829 sqft
    2019-05-01 45 days 1,864 sqft
    2019-06-01 50 days 1,876 sqft
    2019-07-01 57 days 1,855 sqft
    2019-08-01 57 days 1,859 sqft
    2019-09-01 58 days 1,875 sqft
    2019-10-01 58 days 1,884 sqft
    2019-11-01 61 days 1,850 sqft
    2019-12-01 73 days 1,827 sqft
    2020-01-01 79 days 1,800 sqft
    2020-02-01 62 days 1,825 sqft
    2020-03-01 45 days 1,846 sqft
    2020-04-01 58 days 1,830 sqft
    2020-05-01 71 days 1,860 sqft
    2020-06-01 53 days 1,882 sqft
    2020-07-01 43 days 1,875 sqft
    2020-08-01 40 days 1,848 sqft
    2020-09-01 39 days 1,793 sqft
    2020-10-01 45 days 1,778 sqft
    2020-11-01 49 days 1,740 sqft
    2020-12-01 58 days 1,686 sqft
    2021-01-01 64 days 1,636 sqft
    2021-02-01 56 days 1,612 sqft
    2021-03-01 42 days 1,625 sqft
    2021-04-01 35 days 1,659 sqft
    2021-05-01 32 days 1,675 sqft
    2021-06-01 33 days 1,667 sqft
    2021-07-01 37 days 1,650 sqft
    2021-08-01 41 days 1,624 sqft
    2021-09-01 45 days 1,603 sqft
    2021-10-01 45 days 1,598 sqft
    2021-11-01 49 days 1,559 sqft
    2021-12-01 56 days 1,530 sqft
    2022-01-01 61 days 1,506 sqft
    2022-02-01 49 days 1,518 sqft
    2022-03-01 35 days 1,536 sqft
    2022-04-01 33 days 1,547 sqft
    2022-05-01 32 days 1,598 sqft
    2022-06-01 35 days 1,644 sqft
    2022-07-01 38 days 1,620 sqft
    2022-08-01 44 days 1,591 sqft
    2022-09-01 49 days 1,587 sqft
    2022-10-01 49 days 1,598 sqft
    2022-11-01 52 days 1,590 sqft
    2022-12-01 61 days 1,564 sqft
    2023-01-01 67 days 1,547 sqft
    2023-02-01 63 days 1,546 sqft
    2023-03-01 50 days 1,557 sqft
    2023-04-01 44 days 1,564 sqft
    2023-05-01 44 days 1,592 sqft
    2023-06-01 45 days 1,630 sqft
    2023-07-01 45 days 1,620 sqft
    2023-08-01 45 days 1,597 sqft
    2023-09-01 45 days 1,578 sqft
    2023-10-01 44 days 1,597 sqft
    2023-11-01 46 days 1,575 sqft
    2023-12-01 56 days 1,544 sqft
    2024-01-01 66 days 1,533 sqft
    2024-02-01 59 days 1,531 sqft
    2024-03-01 43 days 1,560 sqft
    2024-04-01 40 days 1,604 sqft
    2024-05-01 37 days 1,619 sqft
    2024-06-01 42 days 1,660 sqft
    2024-07-01 44 days 1,667 sqft
    2024-08-01 44 days 1,648 sqft
    2024-09-01 45 days 1,624 sqft
    2024-10-01 43 days 1,617 sqft
    2024-11-01 47 days 1,600 sqft
    2024-12-01 57 days 1,550 sqft
    2025-01-01 63 days 1,537 sqft
    2025-02-01 52 days 1,529 sqft
    2025-03-01 39 days 1,530 sqft
    2025-04-01 35 days 1,585 sqft
    2025-05-01 35 days 1,616 sqft
    Wilmington's median listing age (time on market) for 2025-05-01 was 35 days. This is -4% shorter than the same period one year ago.

    Wilmington's median square footage for active listings during the 2025-05-01 period was 1,616 sqft. One year prior, the average listing was 1,619 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.