Delaware VA Loan Rates, Closing Costs & Stats

Delaware

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 0.39% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.36% and one month ago for the week of 2024-10-25, the average rate was 6.16%.

The average rate one year ago was 7.3%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.43%.

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.