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.