North Carolina VA Loan Rates, Closing Costs & Stats

North Carolina

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.

North Carolina VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in North Carolina averaged 6.04% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

North Carolina's average VA mortgage closing costs are $5,613.

The average rate for the prior week (2023-05-19) was 5.66% and one month ago for the week of 2023-04-21, the average rate was 5.88%.

The average rate one year ago was 4.66%.

For refis of the same type during the week of 2023-05-26, the average rate was 4.84%.

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

North Carolina 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 North Carolina level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 4,464 5.05% $7,777
QUICKEN LOANS, LLC 1,869 4.15% $10,669
NAVY FEDERAL CREDIT UNION 1,811 4.02% $6,760
FREEDOM MORTGAGE CORPORATION 1,574 4.39% $9,899
MOVEMENT MORTGAGE, LLC 1,511 4.74% $7,642
UNITED WHOLESALE MORTGAGE, LLC 1,300 4.39% $9,640
PENNYMAC LOAN SERVICES, LLC 830 3.51% $9,195
USAA Federal Savings Bank 800 4.43% $7,871
LOANDEPOT.COM, LLC 722 4.08% $8,680
GUARANTEED RATE, INC. 658 4.54% $7,841
NEW DAY FINANCIAL, LLC 655 5.10% $10,702
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 566 4.94% $9,235
Alpha Mortgage Corporation 460 5.09% $8,280
DHI MORTGAGE COMPANY, LTD. 430 4.15% $7,450
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 384 4.69% $7,853
CALIBER HOME LOANS, INC. 363 4.44% $8,360
Wells Fargo Bank 361 3.97% $6,421
CROSSCOUNTRY MORTGAGE, LLC 350 4.86% $10,524
UNION HOME MORTGAGE CORP. 346 4.66% $9,189
American Security Mortgage Corp. 339 4.62% $9,544
CORNERSTONE HOME LENDING, INC. 317 4.82% $8,206
Mr. Cooper ( Nationstar Mortgage ) 306 4.63% $9,163
The Federal Savings Bank 300 4.72% $14,634
MORTGAGE SOLUTIONS OF COLORADO, LLC 260 5.43% $7,552
NFM, INC. 239 4.78% $9,714
GUILD MORTGAGE COMPANY 236 4.71% $8,200
GoPrime Mortgage, Inc. 227 4.69% $9,364
CMG MORTGAGE, INC. 223 4.76% $10,231
Prosperity Home Mortgage, LLC 215 4.40% $11,311
PENTAGON FEDERAL CREDIT UNION 211 3.58% $6,266
AMERISAVE MORTGAGE CORPORATION 202 4.22% $10,987
JET HOMELOANS, LLC 193 5.24% $9,438
ANGEL OAK HOME LOANS LLC 188 4.60% $8,241
SOUTHERN TRUST MORTGAGE, LLC 180 4.58% $10,668
VILLAGE CAPITAL MORTGAGE 180 3.83% $8,732
NEWREZ LLC 174 4.39% $8,423
HOME POINT FINANCIAL CORPORATION 165 4.33% $9,053
CLEARPATH LENDING 158 3.76% $10,941
Carrington Mortgage Services, LLC 155 4.57% $7,441
BROKER SOLUTIONS, INC. 155 4.71% $9,427
CARDINAL FINANCIAL 140 4.56% $11,009
Flagstar Bank, FSB 135 4.68% $9,036
NVR Mortgage Finance, Inc. 128 4.00% $8,802
CERTAINTY HOME LOANS, LLC 128 4.65% $8,986
Barrington Bank & Trust Company, N.A. 128 4.77% $7,613
LAKEVIEW LOAN SERVICING, LLC 127 3.59% $7,036
Truist 124 4.19% $7,487
INTERCOASTAL MORTGAGE COMPANY 123 4.88% $9,123
Mid-Continent Funding, Inc. 122 4.63% $8,259
PRIMELENDING, A PLAINSCAPITAL COMPANY 119 4.90% $9,480
HOMEBRIDGE FINANCIAL SERVICES, INC. 112 4.80% $8,944
HOMESIDE FINANCIAL, LLC 111 4.56% $9,004
Alcova Mortgage LLC 101 4.77% $8,499
North American Savings Bank, F.S.B. 92 4.14% $10,045
OVM FINANCIAL, INC. 89 4.28% $9,020
Magnolia Bank 86 4.37% $13,775
DAS Acquisition Company, LLC 82 5.44% $9,626
HOMESPIRE MORTGAGE CORPORATION 80 4.93% $7,809
Towne Bank 73 4.84% $10,893
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 72 5.37% $9,256
VANDERBILT MORTGAGE AND FINANCE, INC. 71 4.98% $6,672
HOMESTAR FINANCIAL CORPORATION 71 4.75% $7,521
PLANET HOME LENDING, LLC 68 4.32% $8,770
NBKC BANK 68 4.20% $8,809
SeaTrust Mortgage Company 67 4.75% $9,400
PLAZA HOME MORTGAGE, INC. 65 5.04% $9,472
MUTUAL OF OMAHA MORTGAGE, INC. 65 4.32% $10,500
Equity Prime Mortgage LLC 64 5.28% $8,753
EAGLE HOME MORTGAGE, LLC 62 4.38% $6,292
RELIANCE FIRST CAPITAL, LLC 60 4.75% $9,293
MATTAMY HOME FUNDING, LLC 60 4.22% $11,205
LOANPAL, LLC 58 3.91% $12,668
Nations Lending Corporation 57 5.23% $10,015
Northpointe Bank 54 4.68% $9,253
Low VA Rates, LLC 52 4.74% $13,655
Wyndham Capital Mortgage, Inc. 52 4.04% $8,871
Armed Forces Bank 51 4.73% $9,790
EQUITY RESOURCES, INC. 51 4.46% $7,851
Lakeview Community Capital, LLC 50 4.00% $5,502
Blue Ridge Bank 50 4.80% $10,237
PULTE MORTGAGE LLC 49 4.48% $5,174
AMERICAN FINANCING CORPORATION 48 3.96% $9,063
Strong Home Mortgage, LLC 44 3.54% $8,884
CONTOUR MORTGAGE CORPORATION 43 4.89% $10,271
RAPID MORTGAGE COMPANY 42 4.69% $11,347
AMERICAN PACIFIC MORTGAGE CORPORATION 41 4.95% $9,912
INSPIRE HOME LOANS INC. 41 4.91% $5,975
CBM Mortgage, Inc. 40 4.71% $9,503
Ameris Bank 40 4.69% $10,794
ACADEMY MORTGAGE CORPORATION 39 4.64% $10,029
The Central Trust Bank 38 4.49% $9,565
U.S. Bank 37 4.21% $9,665
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 37 5.19% $9,714
Hometown Lenders, Inc. 36 4.85% $9,483
T2 FINANCIAL LLC 35 5.08% $10,310
THE MORTGAGE FIRM, INC. 35 4.73% $11,212
SUN WEST MORTGAGE COMPANY, INC. 35 4.25% $8,323
Paramount Residential Mortgage Group, Inc. 34 4.68% $10,980
First Guaranty Mortgage Corporation 33 3.58% $7,738
MCLEAN MORTGAGE CORPORATION 33 4.31% $7,457
North State Bank 33 4.27% $7,646
RESOURCE FINANCIAL SERVICES, INC. 32 4.59% $8,893
SOVEREIGN LENDING GROUP INCORPORATED 31 3.87% $12,424
West Town Bank & Trust 29 4.65% $9,444
Towne Mortgage of the Carolinas, LLC 29 4.44% $8,673
BNC National Bank 29 4.03% $9,927
First Heritage Mortgage, LLC 28 4.91% $11,531
TOWNE MORTGAGE COMPANY 28 4.21% $8,495
Atlantic Coast Mortgage, LLC 28 4.99% $12,441
VERITAS FUNDING, LLC 27 4.89% $21,189
CAPITAL CENTER, L.L.C. 26 3.31% $3,123
First Federal Bank 26 4.27% $9,558
Texana Bank 26 3.96% $13,088
United Community Bank 26 4.87% $9,909
PNC Bank 26 3.77% $6,377
ARK-LA-TEX FINANCIAL SERVICES, LLC. 25 5.13% $9,238
South Pacific Financial Corporation 25 4.35% $15,364
SUCCESS MORTGAGE PARTNERS, INC. 23 5.05% $9,256
Allen Tate Mortgage Partners, LLC 23 5.10% $7,551
ACOPIA, LLC 22 4.66% $8,912
FINANCE OF AMERICA MORTGAGE LLC 22 4.45% $9,682
First-Citizens Bank & Trust Company 22 4.63% $7,230
TIDEWATER MORTGAGE SERVICES, INC. 22 4.41% $10,371
Citizens Bank 21 4.12% $7,252
PRIMARY RESIDENTIAL MORTGAGE, INC. 21 4.91% $9,270
SECURITYNATIONAL MORTGAGE COMPANY 19 5.82% $10,569
Gateway First Bank 19 4.59% $7,861
CHURCHILL MORTGAGE CORPORATION 19 4.86% $8,247
First Horizon Bank 18 4.13% $6,955
FIRST HOME MORTGAGE CORPORATION 18 4.75% $11,546
Advance Financial Group, LLC 17 4.52% $10,067
M/I FINANCIAL, LLC 17 4.46% $11,639
Bank of England 17 5.01% $10,466
Corporate Investors Mortgage Group, Inc. 17 4.21% $11,867
KBHS HOME LOANS, LLC 17 4.46% $9,060
Sierra Pacific Mortgage Company, Inc. 16 4.95% $6,816
EVERETT FINANCIAL, INC. 16 4.94% $7,513
GUARANTEED RATE AFFINITY, LLC 16 4.55% $6,991
AMERIFIRST FINANCIAL CORPORATION 16 5.16% $6,611
Renasant Bank 16 4.40% $7,666
Regions Bank 15 4.52% $9,407
ON Q FINANCIAL, INC. 15 3.76% $5,716
TJC Mortgage, Inc. 14 4.26% $8,219
Fifth Third Bank 14 4.14% $5,376
The Fidelity Bank 14 4.28% $12,064
NP, Inc. 14 2.69% $7,327
PREMIA MORTGAGE, LLC 14 4.16% $5,032
CREDIT UNION MORTGAGE ASSOCIATION, INC. 14 3.76% $4,760
BAY EQUITY LLC 14 4.75% $11,604
Southern Bank and Trust Company 13 3.90% $4,549
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 13 5.02% $14,299
Plains Commerce Bank 13 5.31% $7,474
First Bank 13 3.74% $6,526
C & F Mortgage Corporation 12 5.04% $7,959
South State Bank 12 4.04% $6,703
Credence Funding Corporation 12 3.11% $4,238
CityWorth Mortgage LLC 12 4.44% $8,075
Colten Mortgage, LLC 12 4.43% $11,835
RESIDENTIAL BANCORP. 12 4.58% $9,473
Bank of America 12 3.85% $7,965
JPMorgan Chase Bank 11 5.04% $7,993
POLARIS HOME FUNDING CORP. 11 5.24% $9,713
Sunflower Bank 11 4.41% $8,832
MICHIGAN MUTUAL, INC. 10 5.33% $8,502
EMBRACE HOME LOANS, INC. 10 4.51% $10,571
EMM LOANS LLC 10 5.04% $11,623
ZILLOW HOME LOANS, LLC 10 5.10% $15,023
First Mortgage Solutions, LLC 10 3.07% $10,279
First National Bank of Pennsylvania 10 4.58% $9,906
George Mason Mortgage, LLC 10 4.73% $9,044
HAMILTON HOME LOANS, INC. 10 4.42% $6,118
HUNT MORTGAGE CORPORATION 10 5.39% $8,833
RADIUS FINANCIAL GROUP INC. 10 4.74% $8,922
Meridian Bank Corporation 10 4.70% $10,067
MID AMERICA MORTGAGE, INC. 10 3.60% $3,253
MORTGAGE FINANCIAL GROUP, INC. 10 5.50% $12,610
NATIONS DIRECT MORTGAGE, LLC 10 4.66% $10,203
NETWORK CAPITAL FUNDING CORPORATION 10 5.55% $8,105
PHH Mortgage Corporation 10 4.40% $5,916
Capital Bank 9 4.44% $5,002
AMERICAN FINANCIAL RESOURCES, INC. 9 5.14% $5,042
Amerifirst Financial, Inc. 9 4.78% $6,264
M&T Bank 9 4.53% $4,948
SOUTHWEST STAGE FUNDING, LLC 9 5.44% $2,682
SHELTER HOME MORTGAGE, LLC 9 4.37% $6,158
Community First National Bank 9 4.83% $10,062
Integrity Home Mortgage Corp 9 6.04% $7,654
BELEM SERVICING LLC 9 2.63% $8,773
FIRST EQUITY MORTGAGE INCORPORATED 9 4.08% $10,806
ARC HOME LLC 9 3.74% $8,590
Cornerstone First Mortgage, Inc 8 4.19% $10,725
PREMIER LENDING, INC. 8 4.86% $14,058
Century Mortgage Company DBA Century Lending Company 8 4.50% $15,213
GENEVA FINANCIAL, LLC 8 5.47% $14,477
FAIR WAY LENDING LLC 8 4.67% $7,516
Shamrock Home Loans, Inc. 7 5.57% $12,170
Towne Mortgage, LLC 7 4.98% $11,195
Paramount Bank 7 4.48% $12,899
HOMESTEAD FUNDING CORP. 7 4.88% $6,435
KELLER MORTGAGE, LLC 7 4.63% $11,460
FBC MORTGAGE, LLC 7 5.28% $5,697
FIRST COMMUNITY MORTGAGE, INC. 7 3.96% $12,867
Encompass Lending Group, LP 7 4.61% $6,552
NewTowne Mortgage, LLC 6 5.33% $12,487
LADERA LENDING, INC. 6 3.98% $14,926
TOP FLITE FINANCIAL, INC. 6 5.79% $16,431
VELOCIO MORTGAGE L.L.C. 6 4.52% $17,253
FLAT BRANCH MORTGAGE, INC. 6 4.92% $8,590
ALLIED MORTGAGE GROUP, INC. 6 5.42% $6,549
CITY FIRST MORTGAGE SERVICES, L.L.C. 6 6.38% $9,894
Victorian Finance, LLC 6 3.69% $5,967
Pinnacle Bank 6 4.71% $11,139
FEDERATED MORTGAGE CORP. 5 5.22% $8,302
NEW FED MORTGAGE, CORP. 5 5.43% $9,746
NATIONWIDE MORTGAGE BANKERS, INC. 5 5.00% $9,119
DRAPER AND KRAMER MORTGAGE CORP. 5 4.73% $10,640
NBH Bank 5 4.27% $9,576
Service Federal Credit Union 5 4.23% $4,965
NTFN, INC. 5 5.38% $9,066
CALCON MUTUAL MORTGAGE LLC 5 4.13% $16,286
AMCAP MORTGAGE, LTD. 5 5.38% $10,237
S1L, Inc. 4 4.78% $9,985
RUOFF MORTGAGE COMPANY, INC. 4 4.75% $7,407
THRIVE MORTGAGE, LLC 4 4.81% $11,295
LIBERTY HOME MORTGAGE CORPORATION 4 5.84% $12,409
Wolfe Financial, Inc 4 5.63% $9,215
PANORAMA MORTGAGE GROUP, LLC 4 5.44% $9,432
DIRECT MORTGAGE LOANS, LLC 4 4.63% $11,886
GSF Mortgage Corporation 4 6.00% $8,819
RESIDENTIAL HOME FUNDING CORP. 4 5.09% $10,246
United Bank 4 4.94% $3,081
PREMIER MORTGAGE RESOURCES, L.L.C. 4 5.91% $13,949
SOUTHWEST FUNDING, LP 4 5.22% $10,913
MIDLAND MORTGAGE CORPORATION 4 4.91% $11,912
FirstBank 4 3.65% $4,567
The Huntington National Bank 4 4.59% $6,846
First Savings Bank 4 3.69% $8,095
GUARANTY HOME MORTGAGE CORPORATION 4 5.47% $4,726
AmRes Corporation 4 4.22% $10,795
SIRVA MORTGAGE, INC. 4 4.84% $8,319
LOANFLIGHT LENDING, LLC 4 3.44% $5,707
Mutual Federal Bank 4 4.94% $21,261
Uwharrie Bank 4 3.75% $7,350
LEADERONE FINANCIAL CORPORATION 3 5.58% $12,463
First Federal Bank of Kansas City 3 3.29% $4,456
First Home Bank 3 4.21% $9,688
Goldwater Bank, N.A. 3 4.75% $12,845
JMJ FINANCIAL GROUP 3 4.92% $5,695
1ST SIGNATURE LENDING, LLC 3 5.38% $10,946
Lend Smart Mortgage, LLC 3 6.08% $15,605
MANN FINANCIAL INC. 3 4.25% $5,247
MILEND, INC. 3 4.67% $14,224
Mortgage Lenders Investment Trading Corporation 3 4.63% $9,350
MORTGAGEONE, INC. 3 5.79% $13,012
NATIONS RELIABLE LENDING, LLC 3 4.37% $5,619
OAKTREE FUNDING CORP. 3 5.50% $19,413
OPEN MORTGAGE, LLC 3 4.46% $7,857
Peoples Bank 3 5.54% $14,149
Presidential Bank, FSB 3 4.92% $11,988
ROSS MORTGAGE CORPORATION 3 6.13% $7,871
ROYAL UNITED MORTGAGE LLC 3 4.04% $15,549
SUMMIT FUNDING, INC. 3 4.21% $7,256
TOTAL MORTGAGE SERVICES, LLC 3 4.75% $7,201
US MORTGAGE CORPORATION 3 4.50% $5,548
VAN DYK MORTGAGE CORPORATION 3 5.58% $8,086
Waterstone Mortgage Corporation 3 4.21% $13,522
SOUTHPOINT FINANCIAL SERVICES, INC. 2 5.13% $11,869
TD Bank 2 3.06% $3,043
BOKF 2 5.75% $10,125
First Internet Bank of Indiana 2 5.13% $4,801
F&M Bank 2 4.69% $7,888
Shea Mortgage Inc. 2 6.31% $1,957
BEST CAPITAL FUNDING 2 3.38% $10,588
FIDELITY BANK 2 4.19% $9,204
UNITED MORTGAGE CORP. 2 5.31% $12,032
BAYSHORE MORTGAGE FUNDING, LLC 2 6.19% $4,510
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 5.63% $10,801
HANCOCK MORTGAGE PARTNERS, LLC 2 6.31% $5,320
RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 4.38% $11,276
BANKSOUTH MORTGAGE COMPANY, LLC 2 4.68% $14,820
ABSOLUTE HOME MORTGAGE CORPORATION 2 4.19% $4,265
Loan Simple, Inc. 2 4.00% $3,655
Austin Capital Bank SSB 2 4.50% $6,010
Academy Bank 2 5.13% $9,457
Atlantic Union Bank 2 4.31% $8,920
APEX HOME LOANS, INC. 2 3.94% $11,883
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 2 3.13% $8,254
American National Bank and Trust Company 2 4.69% $11,027
Colonial Savings, F.A. 2 5.69% $6,847
Tidewater Home Funding, LLC 2 3.94% $15,469
OCMBC, INC. 2 6.25% $11,317
First Palmetto Bank 2 5.00% $19,053
CIS Financial Services, Inc. 2 4.50% $5,129
Evolve Bank & Trust 2 4.88% $8,239
Princeton Mortgage Corporation 2 4.00% $7,565
First Option Mortgage, LLC 2 5.00% $5,585
MY MORTGAGE, INC. 2 4.06% $9,967
INLAND BANK & TRUST 2 5.50% $17,403
FIDELITY DIRECT MORTGAGE, LLC 1 5.25% $16,353
STEARNS LENDING, LLC 1 2.38% $2,836
STOCKTON MORTGAGE CORPORATION 1 6.25% $3,625
Stride Bank 1 5.13% $4,023
FEDEX EMPLOYEES CREDIT ASSOCIATION 1 5.00% $9,783
Exchange Bank 1 3.25% $7,098
Willamette Valley Bank 1 2.75% $14,253
ENVOY MORTGAGE, LTD 1 6.63% $7,677
SWBC MORTGAGE CORPORATION 1 5.25% $4,679
Dollar Bank, Federal Savings Bank 1 4.50% $6,257
TBI MORTGAGE COMPANY 1 3.63% $9,894
DELMAR FINANCIAL COMPANY 1 3.75% $8,889
The Camden National Bank 1 5.25% $3,125
DATA MORTGAGE, INC. 1 4.75% $14,149
CRESCENT MORTGAGE COMPANY 1 3.25% $10,036
Countybank 1 5.13% $4,496
The Freedom Bank of Virginia 1 5.38% $20,377
Congressional Bank 1 2.75% $5,989
Colony Bank 1 4.75% $11,793
The Union Bank Company 1 5.63% $9,587
Citibank 1 3.00% $12,941
Chickasaw Community Bank 1 2.75% $3,630
Acre Mortgage and Financial Inc 1 3.75% $7,368
CASTLE & COOKE MORTGAGE, LLC 1 2.75% $31,524
Towne First Mortgage, LLC 1 3.00% $11,630
Capital City Home Loans, LLC 1 4.38% $3,332
CANOPY MORTGAGE, LLC 1 3.25% $21,841
Beverly - Hanks Mortgage Services, Inc. 1 3.75% $1,325
Trustmark National Bank 1 4.50% $12,779
BETTER MORTGAGE CORPORATION 1 2.75% $3,206
Bell Bank 1 3.63% $3,565
UNIVERSAL MORTGAGE & FINANCE, INC. 1 4.25% $16,249
UNIVERSITY LENDING GROUP, LLC 1 4.88% $17,366
BAY CAPITAL MORTGAGE CORPORATION 1 3.25% $19,416
WRIGHT-PATT CREDIT UNION, INC. 1 5.13% $2,251
Bank of Tennessee 1 4.25% $3,299
V.I.P. MORTGAGE, INC. 1 5.25% $5,535
Watermark Capital, Inc. 1 4.63% $4,244
PIKE CREEK MORTGAGE SERVICES, INC. 1 4.25% $11,524
NJ LENDERS CORP. 1 4.13% $14,493
NEWPORT NEWS SHIPBUILDING EMPLOYEES 1 4.50% $2,139
Network Funding, L.P. 1 4.75% $7,775
Platinum Home Mortgage Corporation 1 5.75% $12,974
MORTGAGE INVESTORS GROUP, INC. 1 3.88% $4,266
Mortgage Network, Inc. 1 3.63% $5,254
MORTGAGE EQUITY PARTNERS LLC 1 4.63% $9,443
MORIA DEVELOPMENT, INC. 1 5.13% $11,821
Midwest BankCentre 1 2.50% $10,236
MID-ISLAND MORTGAGE CORP. 1 3.75% $8,304
Prime Choice Funding Inc. 1 3.63% $22,791
LENOX FINANCIAL MORTGAGE CORPORATION 1 4.75% $20,370
LEGEND LENDING CORPORATION 1 7.13% $20,957
Leader Bank 1 3.88% $10,155
LANGLEY 1 3.88% $3,797
LAND HOME FINANCIAL SERVICES, INC. 1 4.75% $16,918
KeyBank 1 4.38% $9,413
ISERVE RESIDENTIAL LENDING, LLC 1 5.75% $14,912
INTERLINC MORTGAGE SERVICES, LLC 1 5.25% $28,287
INTERCAP LENDING INC. 1 2.25% $2,726
Independent Bank 1 4.75% $20,111
AMERICAN ADVISORS GROUP 1 3.75% $6,246
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $10,582
Advisors Mortgage Group, L.L.C. 1 3.63% $15,250
Sabine State Bank and Trust Company 1 3.50% $9,593
GMFS LLC 1 5.63% $12,125
GEO-CORP, INC. 1 2.50% $4,396
F & M BANK CORP. 1 2.75% $8,959
Servion, Inc. 1 4.75% $3,372
First Western Trust Bank 1 5.13% $9,539
First United Bank and Trust Company 1 4.88% $3,940
FIRST SAVINGS MORTGAGE CORPORATION 1 5.25% $17,917
SOUTH CENTRAL BANK, INC. 1 7.13% $3,217
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 3.75% $11,462
Southern First Bank 1 3.75% $2,157
FIRST MORTGAGE COMPANY, INC. 1 5.63% $9,828
First Bank & Trust 1 5.25% $11,970

The top North Carolina VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4,464 VA loans originated. Their average total fees are $7,777, which is $2,892 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee North Carolina VA lenders (with over 10 loans originated) are CAPITAL CENTER, L.L.C. ($3,123), MID AMERICA MORTGAGE, INC. ($3,253), Credence Funding Corporation ($4,238), Southern Bank and Trust Company ($4,549) and CREDIT UNION MORTGAGE ASSOCIATION, INC. ($4,760).

The lowest rate North Carolina VA lenders (with over 10 loans originated) are NP, Inc. (2.69%), First Mortgage Solutions, LLC (3.07%), Credence Funding Corporation (3.11%), CAPITAL CENTER, L.L.C. (3.31%) and PENNYMAC LOAN SERVICES, LLC (3.51%).

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.