Wilmington VA Loan Rates, Closing Costs & Stats

WILMINGTON, 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.

    Wilmington's 100 lenders originated 821 VA loans during 2024. The total origination value was $347,405,000, with an average VA loan value of $423,149.

    Wilmington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wilmington averaged 6.92% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Wilmington's average VA mortgage closing costs are $6,478.

    The average rate for the prior week (2025-05-16) was 6.7% and one month ago for the week of 2025-04-18, the average rate was 6.58%.

    The average rate one year ago was 7.09%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.61%.

    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
    UNITED WHOLESALE MORTGAGE, LLC 66 5.85% $9,502
    Mortgage Research Center, LLC 65 6.28% $9,875
    DHI MORTGAGE COMPANY, LTD. 57 5.17% $6,844
    NAVY FEDERAL CREDIT UNION 45 5.90% $6,129
    GUARANTEED RATE, INC. 44 6.04% $7,272
    FREEDOM MORTGAGE CORPORATION 44 6.17% $10,401
    MOVEMENT MORTGAGE, LLC 41 6.18% $9,018
    NEWREZ LLC 39 6.13% $6,871
    QUICKEN LOANS, LLC 37 6.09% $10,653
    PENNYMAC LOAN SERVICES, LLC 29 5.72% $8,918
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 22 6.31% $9,565
    Integrity Home Mortgage Corp 19 6.34% $7,798
    USAA Federal Savings Bank 15 6.22% $6,651
    CORNERSTONE HOME LENDING, INC. 13 6.06% $9,146
    VILLAGE CAPITAL MORTGAGE 10 5.86% $7,151
    Towne Bank 9 6.46% $11,094
    NEW DAY FINANCIAL, LLC 9 7.29% $12,250
    NBKC BANK 8 6.01% $6,987
    CROSSCOUNTRY MORTGAGE, LLC 8 6.07% $6,856
    The Federal Savings Bank 8 6.17% $15,501
    SeaTrust Mortgage Company 7 6.59% $7,604
    PLANET HOME LENDING, LLC 7 5.77% $7,955
    GUILD MORTGAGE COMPANY 7 6.21% $7,269
    PENTAGON FEDERAL CREDIT UNION 6 6.13% $8,062
    INTERCOASTAL MORTGAGE COMPANY 6 6.41% $10,658
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 6.02% $7,392
    Alcova Mortgage LLC 6 6.10% $7,993
    Blue Ridge Bank 5 6.55% $11,651
    Prosperity Home Mortgage, LLC 5 6.30% $6,036
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.58% $3,029
    PULTE MORTGAGE LLC 4 6.06% $1,967
    Mr. Cooper ( Nationstar Mortgage ) 4 6.03% $9,147
    NFM, INC. 4 6.47% $14,303
    Nations Lending Corporation 4 6.38% $11,023
    CMG MORTGAGE, INC. 4 6.22% $9,961
    LAKEVIEW LOAN SERVICING, LLC 4 5.47% $6,060
    LOANDEPOT.COM, LLC 3 6.00% $13,215
    T2 FINANCIAL LLC 3 6.71% $9,753
    American Security Mortgage Corp. 3 6.13% $4,235
    CLEARPATH LENDING 3 5.33% $6,029
    RELIANCE FIRST CAPITAL, LLC 3 6.79% $9,433
    Flagstar Bank, FSB 3 5.98% $50,393
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.54% $9,100
    SFMC, LP 3 6.29% $11,668
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.83% $6,409
    PLAZA HOME MORTGAGE, INC. 3 6.54% $9,799
    RESOURCE FINANCIAL SERVICES, INC. 3 6.17% $13,878
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.19% $18,023
    HOMESIDE FINANCIAL, LLC 2 6.37% $3,886
    UNION HOME MORTGAGE CORP. 2 6.44% $17,699
    First Federal Bank 2 5.88% $4,965
    FIRST COMMUNITY MORTGAGE, INC. 2 6.63% $16,180
    AmeriHome Mortgage Company, LLC 2 6.13% $3,124
    AMERICAN FINANCIAL NETWORK, INC. 2 5.75% $8,720
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 5.63% $12,234
    Presidential Bank, FSB 2 6.06% $20,357
    American Mortgage & Equity Consultants, Inc. 2 6.87% $10,835
    Barrington Bank & Trust Company, N.A. 2 6.50% $6,634
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $1,886
    Wells Fargo Bank 1 5.88% $15,261
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.75% $4,186
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.88% $36,588
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $16,941
    BAY-VALLEY MORTGAGE GROUP 1 6.25% $10,374
    BROKER SOLUTIONS, INC. 1 7.75% $13,556
    Capital Bank 1 5.25% $14,285
    Carrington Mortgage Services, LLC 1 6.63% $8,415
    City National Bank of Florida 1 5.25% $4,114
    Cornerstone First Mortgage, Inc 1 6.38% $7,533
    DAS Acquisition Company, LLC 1 6.25% $26,129
    ENVOY MORTGAGE, LTD 1 6.25% $2,154
    Fifth Third Bank 1 6.13% $2,876
    FIRST HOME MORTGAGE CORPORATION 1 6.75% $5,508
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.50% $10,764
    LOANPAL, LLC 1 6.25% $15,065
    Magnolia Bank 1 5.88% $32,865
    Mortgage Assurance Inc. 1 6.50% $8,329
    MORTGAGE EQUITY PARTNERS LLC 1 6.25% $2,454
    MORTGAGEONE, INC. 1 7.50% $2,799
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $13,201
    Northpointe Bank 1 5.63% $14,652
    North State Bank 1 6.25% $11,157
    OPEN MORTGAGE, LLC 1 6.75% $4,482
    Paramount Residential Mortgage Group, Inc. 1 5.99% $3,653
    PREMIA MORTGAGE, LLC 1 5.75% $14,773
    Renasant Bank 1 5.63% $12,429
    Sierra Pacific Mortgage Company, Inc. 1 6.75% $12,926
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $13,198
    SUN WEST MORTGAGE COMPANY, INC. 1 6.50% $12,428
    The Central Trust Bank 1 5.75% $9,908
    The Freedom Bank of Virginia 1 6.25% $5,634
    The Loan Store, Inc. 1 6.49% $4,611
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.25% $15,678
    TOTAL MORTGAGE SERVICES, LLC 1 6.63% $10,946
    TOWNE MORTGAGE COMPANY 1 5.99% $15,213
    Towne Mortgage of the Carolinas, LLC 1 6.25% $5,800
    Truist 1 5.50% $3,974
    United Community Bank 1 5.75% $10,119
    Waterstone Mortgage Corporation 1 6.00% $12,680
    Academy Bank 1 6.25% $2,620

    The top Wilmington VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 66 VA loans originated. Their average total fees are $9,502, which is $373 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Wilmington VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,129), USAA Federal Savings Bank ($6,651), DHI MORTGAGE COMPANY, LTD. ($6,844), NEWREZ LLC ($6,871) and VILLAGE CAPITAL MORTGAGE ($7,151).

    The lowest rate Wilmington VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.17%), PENNYMAC LOAN SERVICES, LLC (5.72%), UNITED WHOLESALE MORTGAGE, LLC (5.85%), VILLAGE CAPITAL MORTGAGE (5.86%) and NAVY FEDERAL CREDIT UNION (5.90%).

    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 $319,569 (3.7%) $441,171 (6.5%) 1.18 3,666
    2018-02-01 $319,950 (4.2%) $437,674 (5.0%) 1.16 3,721
    2018-03-01 $329,000 (5.4%) $442,034 (4.3%) 1.15 3,817
    2018-04-01 $330,065 (3.3%) $450,161 (2.7%) 1.12 3,860
    2018-05-01 $337,025 (3.7%) $457,797 (2.6%) 1.13 3,858
    2018-06-01 $339,000 (3.5%) $459,372 (3.1%) 1.13 3,898
    2018-07-01 $339,085 (4.3%) $460,645 (3.0%) 1.13 3,945
    2018-08-01 $337,000 (3.7%) $459,654 (3.0%) 1.13 3,932
    2018-09-01 $339,500 (4.5%) $460,580 (3.3%) 1.14 3,943
    2018-10-01 $335,000 (3.1%) $453,831 (2.2%) 1.13 3,500
    2018-11-01 $339,157 (4.4%) $452,677 (2.0%) 1.15 3,400
    2018-12-01 $330,000 (3.2%) $447,718 (1.9%) 1.14 3,361
    2019-01-01 $338,900 (6.1%) $448,278 (1.6%) 1.17 3,178
    2019-02-01 $334,900 (4.7%) $442,677 (1.1%) 1.13 3,260
    2019-03-01 $339,311 (3.1%) $443,798 (0.4%) 1.11 3,410
    2019-04-01 $343,413 (4.0%) $447,596 (-0.6%) 1.09 3,605
    2019-05-01 $349,900 (3.8%) $461,420 (0.8%) 1.09 3,634
    2019-06-01 $349,900 (3.2%) $463,785 (1.0%) 1.09 3,717
    2019-07-01 $352,000 (3.8%) $468,438 (1.7%) 1.10 3,705
    2019-08-01 $356,818 (5.9%) $474,213 (3.2%) 1.13 3,703
    2019-09-01 $360,295 (6.1%) $478,683 (3.9%) 1.15 3,665
    2019-10-01 $363,200 (8.4%) $481,663 (6.1%) 1.17 3,636
    2019-11-01 $359,000 (5.9%) $477,518 (5.5%) 1.18 3,614
    2019-12-01 $352,500 (6.8%) $477,194 (6.6%) 1.18 3,460
    2020-01-01 $352,444 (4.0%) $476,312 (6.3%) 1.18 3,303
    2020-02-01 $355,000 (6.0%) $476,230 (7.6%) 1.16 3,259
    2020-03-01 $366,368 (8.0%) $493,487 (11.2%) 1.15 3,422
    2020-04-01 $359,988 (4.8%) $488,929 (9.2%) 1.13 3,536
    2020-05-01 $365,000 (4.3%) $496,155 (7.5%) 1.11 3,454
    2020-06-01 $370,000 (5.7%) $505,604 (9.0%) 1.09 2,982
    2020-07-01 $369,250 (4.9%) $511,555 (9.2%) 1.07 2,698
    2020-08-01 $368,950 (3.4%) $517,355 (9.1%) 1.06 2,474
    2020-09-01 $369,899 (2.7%) $524,726 (9.6%) 1.06 2,298
    2020-10-01 $369,000 (1.6%) $534,819 (11.0%) 1.06 2,169
    2020-11-01 $365,000 (1.7%) $533,767 (11.8%) 1.07 2,130
    2020-12-01 $365,510 (3.7%) $534,485 (12.0%) 1.09 2,047
    2021-01-01 $359,827 (2.1%) $541,772 (13.7%) 1.07 1,774
    2021-02-01 $370,296 (4.3%) $571,682 (20.0%) 1.08 1,377
    2021-03-01 $375,056 (2.4%) $572,199 (16.0%) 1.06 1,190
    2021-04-01 $389,500 (8.2%) $579,562 (18.5%) 1.05 1,107
    2021-05-01 $410,000 (12.3%) $633,679 (27.7%) 1.09 1,013
    2021-06-01 $407,200 (10.1%) $629,983 (24.6%) 1.07 1,074
    2021-07-01 $426,500 (15.5%) $630,848 (23.3%) 1.13 1,139
    2021-08-01 $421,975 (14.4%) $606,881 (17.3%) 1.13 1,242
    2021-09-01 $417,950 (13.0%) $592,434 (12.9%) 1.11 1,307
    2021-10-01 $424,900 (15.2%) $597,920 (11.8%) 1.13 1,304
    2021-11-01 $417,450 (14.4%) $605,116 (13.4%) 1.12 1,189
    2021-12-01 $423,994 (16.0%) $599,309 (12.1%) 1.15 1,054
    2022-01-01 $431,788 (20.0%) $613,570 (13.3%) 1.17 844
    2022-02-01 $445,550 (20.3%) $649,560 (13.6%) 1.16 702
    2022-03-01 $449,950 (20.0%) $691,744 (20.9%) 1.13 693
    2022-04-01 $469,000 (20.4%) $698,874 (20.6%) 1.12 735
    2022-05-01 $484,370 (18.1%) $692,439 (9.3%) 1.11 995
    2022-06-01 $489,443 (20.2%) $699,686 (11.1%) 1.09 1,263
    2022-07-01 $499,000 (17.0%) $713,732 (13.1%) 1.12 1,587
    2022-08-01 $500,000 (18.5%) $713,821 (17.6%) 1.16 1,653
    2022-09-01 $499,526 (19.5%) $703,823 (18.8%) 1.17 1,743
    2022-10-01 $495,945 (16.7%) $680,644 (13.8%) 1.17 1,799
    2022-11-01 $487,450 (16.8%) $656,956 (8.6%) 1.17 1,895
    2022-12-01 $479,900 (13.2%) $642,475 (7.2%) 1.18 1,858
    2023-01-01 $472,500 (9.4%) $641,501 (4.6%) 1.17 1,770
    2023-02-01 $469,900 (5.5%) $635,276 (-2.2%) 1.13 1,707
    2023-03-01 $469,950 (4.5%) $639,329 (-7.6%) 1.11 1,685
    2023-04-01 $489,900 (4.5%) $671,240 (-4.0%) 1.14 1,620
    2023-05-01 $488,950 (1.0%) $681,777 (-1.5%) 1.11 1,638
    2023-06-01 $492,250 (0.6%) $685,145 (-2.1%) 1.11 1,692
    2023-07-01 $489,900 (-1.8%) $691,391 (-3.1%) 1.11 1,748
    2023-08-01 $482,300 (-3.5%) $766,283 (7.4%) 1.11 1,841
    2023-09-01 $479,900 (-3.9%) $688,907 (-2.1%) 1.12 1,957
    2023-10-01 $487,000 (-1.8%) $681,038 (0.1%) 1.15 2,161
    2023-11-01 $477,000 (-2.1%) $670,464 (2.1%) 1.14 2,394
    2023-12-01 $472,165 (-1.6%) $657,866 (2.4%) 1.15 2,352
    2024-01-01 $462,350 (-2.2%) $642,634 (0.2%) 1.13 2,288
    2024-02-01 $472,650 (0.6%) $645,489 (1.6%) 1.14 2,413
    2024-03-01 $478,500 (1.8%) $663,856 (3.8%) 1.13 2,431
    2024-04-01 $489,225 (-0.1%) $666,407 (-0.7%) 1.14 2,646
    2024-05-01 $494,950 (1.2%) $680,827 (-0.1%) 1.13 2,663
    2024-06-01 $489,900 (-0.5%) $664,726 (-3.0%) 1.11 2,827
    2024-07-01 $485,000 (-1.0%) $666,988 (-3.5%) 1.11 2,903
    2024-08-01 $475,000 (-1.5%) $662,644 (-13.5%) 1.10 2,953
    2024-09-01 $471,870 (-1.7%) $670,315 (-2.7%) 1.11 3,013
    2024-10-01 $466,500 (-4.2%) $673,648 (-1.1%) 1.10 3,092
    2024-11-01 $465,000 (-2.5%) $660,254 (-1.5%) 1.12 3,184
    2024-12-01 $468,700 (-0.7%) $650,615 (-1.1%) 1.16 2,979
    2025-01-01 $475,000 (2.7%) $659,077 (2.6%) 1.19 2,825
    2025-02-01 $479,475 (1.4%) $649,531 (0.6%) 1.16 2,923
    2025-03-01 $499,000 (4.3%) $671,868 (1.2%) 1.17 3,146
    2025-04-01 $499,900 (2.2%) $687,628 (3.2%) 1.16 3,555
    Wilmington's median listing price for 2025-04-01 was $499,900, a difference of $10,675 (2.2%) versus the prior year and $900 versus the prior month.

    Wilmington's median listing price comes in at 116% of the national average.

    Wilmington's average listing price for 2025-04-01 was $687,628, a difference of $21,221 (3.2%) versus the prior year and $15,760 versus the prior month.

    For the 2025-04-01 period, Wilmington had 3,555 MLS listings, a difference of 409 listings (13%) versus the prior month and 909 listings (34%) 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
    2018-01-01 107 days 2,042 sqft
    2018-02-01 103 days 2,042 sqft
    2018-03-01 86 days 2,047 sqft
    2018-04-01 68 days 2,062 sqft
    2018-05-01 69 days 2,084 sqft
    2018-06-01 72 days 2,100 sqft
    2018-07-01 74 days 2,089 sqft
    2018-08-01 74 days 2,066 sqft
    2018-09-01 83 days 2,080 sqft
    2018-10-01 99 days 2,067 sqft
    2018-11-01 103 days 2,064 sqft
    2018-12-01 108 days 2,044 sqft
    2019-01-01 101 days 2,039 sqft
    2019-02-01 93 days 2,031 sqft
    2019-03-01 80 days 2,053 sqft
    2019-04-01 66 days 2,074 sqft
    2019-05-01 67 days 2,087 sqft
    2019-06-01 71 days 2,088 sqft
    2019-07-01 74 days 2,102 sqft
    2019-08-01 76 days 2,106 sqft
    2019-09-01 80 days 2,103 sqft
    2019-10-01 82 days 2,100 sqft
    2019-11-01 84 days 2,063 sqft
    2019-12-01 89 days 2,057 sqft
    2020-01-01 96 days 2,058 sqft
    2020-02-01 95 days 2,064 sqft
    2020-03-01 72 days 2,069 sqft
    2020-04-01 73 days 2,050 sqft
    2020-05-01 80 days 2,076 sqft
    2020-06-01 87 days 2,125 sqft
    2020-07-01 73 days 2,124 sqft
    2020-08-01 70 days 2,118 sqft
    2020-09-01 67 days 2,118 sqft
    2020-10-01 70 days 2,115 sqft
    2020-11-01 68 days 2,078 sqft
    2020-12-01 69 days 2,075 sqft
    2021-01-01 74 days 2,053 sqft
    2021-02-01 74 days 2,075 sqft
    2021-03-01 55 days 2,029 sqft
    2021-04-01 49 days 2,064 sqft
    2021-05-01 47 days 2,053 sqft
    2021-06-01 40 days 1,990 sqft
    2021-07-01 41 days 1,991 sqft
    2021-08-01 40 days 2,002 sqft
    2021-09-01 44 days 1,997 sqft
    2021-10-01 47 days 2,001 sqft
    2021-11-01 52 days 1,991 sqft
    2021-12-01 60 days 1,968 sqft
    2022-01-01 71 days 1,999 sqft
    2022-02-01 52 days 1,984 sqft
    2022-03-01 37 days 1,929 sqft
    2022-04-01 34 days 1,940 sqft
    2022-05-01 32 days 1,941 sqft
    2022-06-01 34 days 1,943 sqft
    2022-07-01 39 days 1,990 sqft
    2022-08-01 46 days 2,014 sqft
    2022-09-01 53 days 2,014 sqft
    2022-10-01 57 days 2,010 sqft
    2022-11-01 62 days 1,996 sqft
    2022-12-01 66 days 1,973 sqft
    2023-01-01 76 days 1,969 sqft
    2023-02-01 74 days 1,969 sqft
    2023-03-01 57 days 1,971 sqft
    2023-04-01 52 days 1,983 sqft
    2023-05-01 50 days 2,000 sqft
    2023-06-01 50 days 2,027 sqft
    2023-07-01 50 days 2,007 sqft
    2023-08-01 50 days 1,953 sqft
    2023-09-01 50 days 1,946 sqft
    2023-10-01 51 days 1,921 sqft
    2023-11-01 55 days 1,883 sqft
    2023-12-01 63 days 1,871 sqft
    2024-01-01 76 days 1,875 sqft
    2024-02-01 65 days 1,879 sqft
    2024-03-01 56 days 1,874 sqft
    2024-04-01 53 days 1,867 sqft
    2024-05-01 53 days 1,882 sqft
    2024-06-01 58 days 1,872 sqft
    2024-07-01 60 days 1,855 sqft
    2024-08-01 65 days 1,864 sqft
    2024-09-01 67 days 1,863 sqft
    2024-10-01 67 days 1,844 sqft
    2024-11-01 71 days 1,835 sqft
    2024-12-01 77 days 1,840 sqft
    2025-01-01 85 days 1,852 sqft
    2025-02-01 81 days 1,857 sqft
    2025-03-01 52 days 1,870 sqft
    2025-04-01 51 days 1,895 sqft
    Wilmington's median listing age (time on market) for 2025-04-01 was 51 days. This is -3% shorter than the same period one year ago.

    Wilmington's median square footage for active listings during the 2025-04-01 period was 1,895 sqft. One year prior, the average listing was 1,867 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.