Delaware VA Loan Rates, Closing Costs & Stats

Delaware

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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.

    Delaware VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Delaware averaged 6.67% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    Delaware's average VA mortgage closing costs are $7,323.

    The average rate for the prior week (2024-04-05) was 6.52% and one month ago for the week of 2024-03-08, the average rate was 6.35%.

    The average rate one year ago was 5.94%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.8%.

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

    Delaware 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 Delaware level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 162 6.72% $9,804
    QUICKEN LOANS, LLC 72 6.29% $13,277
    DHI MORTGAGE COMPANY, LTD. 69 5.40% $10,459
    NFM, INC. 55 6.37% $12,435
    NAVY FEDERAL CREDIT UNION 53 5.79% $9,129
    NVR Mortgage Finance, Inc. 50 5.79% $7,533
    PIKE CREEK MORTGAGE SERVICES, INC. 40 6.59% $14,349
    FREEDOM MORTGAGE CORPORATION 39 6.50% $19,418
    UNITED WHOLESALE MORTGAGE, LLC 34 6.36% $9,556
    Meridian Bank Corporation 33 6.73% $14,754
    LOANDEPOT.COM, LLC 32 6.21% $12,360
    Keystone Funding, Inc. 30 6.35% $12,351
    The Federal Savings Bank 30 6.27% $18,443
    EAGLE HOME MORTGAGE, LLC 26 6.21% $5,620
    MOVEMENT MORTGAGE, LLC 26 6.32% $10,651
    Prosperity Home Mortgage, LLC 25 6.32% $10,376
    CMG MORTGAGE, INC. 25 6.33% $13,725
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 25 6.57% $10,381
    PENNYMAC LOAN SERVICES, LLC 25 5.59% $12,062
    NEW DAY FINANCIAL, LLC 24 7.38% $13,705
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 24 6.54% $10,666
    USAA Federal Savings Bank 22 6.39% $12,397
    CROSSCOUNTRY MORTGAGE, LLC 20 7.08% $9,857
    PENTAGON FEDERAL CREDIT UNION 19 5.44% $10,387
    NEWREZ LLC 18 6.63% $12,978
    Ixonia Bank 17 6.51% $9,992
    GUILD MORTGAGE COMPANY 15 6.48% $14,257
    CARDINAL FINANCIAL 14 6.84% $15,007
    Equity Prime Mortgage LLC 13 6.07% $15,437
    Nations Lending Corporation 12 6.28% $15,353
    TIDEWATER MORTGAGE SERVICES, INC. 12 6.39% $10,532
    PRIMARY RESIDENTIAL MORTGAGE, INC. 12 6.61% $13,884
    NBKC BANK 10 5.76% $10,747
    Mr. Cooper ( Nationstar Mortgage ) 10 5.91% $14,870
    CALIBER HOME LOANS, INC. 10 5.87% $13,654
    HOMESIDE FINANCIAL, LLC 8 6.40% $10,121
    EMM LOANS LLC 8 6.03% $16,083
    GUARANTEED RATE, INC. 8 6.31% $8,957
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 6.91% $12,394
    Northpointe Bank 7 6.16% $5,508
    Magnolia Bank 6 6.15% $20,467
    BROKER SOLUTIONS, INC. 6 6.77% $9,805
    Plains Commerce Bank 6 6.00% $14,176
    ABSOLUTE HOME MORTGAGE CORPORATION 6 6.96% $20,307
    VILLAGE CAPITAL MORTGAGE 6 6.58% $14,213
    EMBRACE HOME LOANS, INC. 6 5.77% $17,191
    Wells Fargo Bank 5 5.80% $5,147
    AMERISAVE MORTGAGE CORPORATION 5 5.30% $27,388
    Evolve Bank & Trust 5 7.05% $7,666
    GUARANTEED RATE AFFINITY, LLC 5 6.68% $13,091
    PLAZA HOME MORTGAGE, INC. 5 6.63% $18,505
    DRAPER AND KRAMER MORTGAGE CORP. 4 6.69% $12,408
    Barrington Bank & Trust Company, N.A. 4 6.50% $8,760
    GREENTREE MORTGAGE COMPANY, L.P. 4 5.75% $10,283
    Capital Bank 4 6.68% $14,603
    AMERICAN FINANCIAL NETWORK, INC. 3 7.25% $1,898
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 7.00% $11,095
    Armed Forces Bank 3 5.75% $7,989
    Waterstone Mortgage Corporation 3 6.79% $14,148
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.42% $11,625
    ALLIED MORTGAGE GROUP, INC. 3 6.75% $19,304
    BAYSHORE MORTGAGE FUNDING, LLC 3 7.04% $11,396
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.58% $8,093
    Truist 3 6.19% $4,069
    FIRST COMMUNITY MORTGAGE, INC. 3 6.75% $17,463
    Fulton Bank 2 7.06% $5,950
    JPMorgan Chase Bank 2 5.56% $4,929
    LAKEVIEW LOAN SERVICING, LLC 2 5.50% $19,118
    LOANPAL, LLC 2 6.25% $19,368
    FIRST HOME MORTGAGE CORPORATION 2 6.38% $15,661
    M&T Bank 2 6.38% $7,441
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.63% $25,710
    NATION ONE MORTGAGE CORPORATION 2 8.06% $9,744
    ENVOY MORTGAGE, LTD 2 5.31% $13,317
    CONTOUR MORTGAGE CORPORATION 2 6.00% $15,587
    Paramount Residential Mortgage Group, Inc. 2 6.69% $6,560
    BAY EQUITY LLC 2 7.19% $7,191
    RELIANCE FIRST CAPITAL, LLC 2 6.56% $16,760
    Sandy Spring Bank 2 6.81% $18,561
    SUN WEST MORTGAGE COMPANY, INC. 2 6.13% $15,296
    North American Savings Bank, F.S.B. 1 5.25% $2,313
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $11,510
    NORWICH COMMERCIAL GROUP, INC. 1 7.13% $6,720
    Colonial Savings, F.A. 1 5.88% $19,095
    OCMBC, INC. 1 7.50% $5,972
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $15,215
    MORTGAGE ACCESS CORP. 1 6.25% $24,979
    BNC National Bank 1 5.50% $18,451
    MICHIGAN MUTUAL, INC. 1 5.13% $9,575
    U.S. Bank 1 5.75% $3,506
    PLANET HOME LENDING, LLC 1 6.63% $16,347
    First Savings Bank 1 5.75% $9,229
    PNC Bank 1 6.25% $2,405
    Presidential Bank, FSB 1 5.63% $12,036
    MDE Home Loans, LLC 1 8.00% $2,245
    Flagstar Bank, FSB 1 6.88% $4,674
    Princeton Mortgage Corporation 1 7.25% $5,608
    Integrity Home Mortgage Corp 1 6.63% $30,859
    Quaint Oak Mortgage, LLC 1 6.25% $13,107
    LEADERONE FINANCIAL CORPORATION 1 7.49% $14,482
    RAPID MORTGAGE COMPANY 1 6.25% $3,699
    AMCAP MORTGAGE, LTD. 1 7.00% $18,273
    Residential Mortgage Solutions, Inc. 1 6.75% $9,670
    INTERCOASTAL MORTGAGE COMPANY 1 5.25% $7,569
    Shore United Bank 1 6.63% $12,246
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $6,032
    HOMESTEAD FUNDING CORP. 1 7.00% $5,919
    TBI MORTGAGE COMPANY 1 6.13% $17,523
    The Central Trust Bank 1 5.63% $4,182
    Ameris Bank 1 7.13% $18,179
    AmeriHome Mortgage Company, LLC 1 5.99% $18,943
    TJC Mortgage, Inc. 1 6.00% $6,506
    GSF Mortgage Corporation 1 7.13% $18,062
    First Federal Bank 1 5.88% $4,973
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $26,452
    Farmers Bank & Trust 1 4.75% $5,239
    EVERETT FINANCIAL, INC. 1 6.38% $7,799
    UNION HOME MORTGAGE CORP. 1 5.88% $12,448
    First National Bank of Pennsylvania 1 6.75% $3,852
    Credence Funding Corporation 1 6.25% $7,808

    The top Delaware VA lender as defined by loan originations is Mortgage Research Center, LLC, with 162 VA loans originated. Their average total fees are $9,804, which is $3,473 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Delaware VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($5,620), NVR Mortgage Finance, Inc. ($7,533), NAVY FEDERAL CREDIT UNION ($9,129), UNITED WHOLESALE MORTGAGE, LLC ($9,556) and Mortgage Research Center, LLC ($9,804).

    The lowest rate Delaware VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.40%), PENTAGON FEDERAL CREDIT UNION (5.44%), PENNYMAC LOAN SERVICES, LLC (5.59%), NBKC BANK (5.76%) and NAVY FEDERAL CREDIT UNION (5.79%).

    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.