Virginia VA Loan Rates, Closing Costs & Stats

Virginia

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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.

    Virginia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Virginia averaged 6.09% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

    Virginia's average VA mortgage closing costs are $7,193.

    The average rate for the prior week (2023-05-19) was 5.82% and one month ago for the week of 2023-04-21, the average rate was 5.94%.

    The average rate one year ago was 4.81%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.15%.

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

    Virginia 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 Virginia level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 3,878 5.04% $8,658
    NAVY FEDERAL CREDIT UNION 2,031 3.91% $9,105
    UNITED WHOLESALE MORTGAGE, LLC 1,745 4.36% $10,783
    QUICKEN LOANS, LLC 1,651 4.07% $12,502
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1,261 4.77% $10,725
    FREEDOM MORTGAGE CORPORATION 1,214 4.19% $12,396
    MOVEMENT MORTGAGE, LLC 1,134 4.68% $9,996
    PENNYMAC LOAN SERVICES, LLC 1,039 3.29% $10,434
    OVM FINANCIAL, INC. 988 4.50% $10,808
    CALIBER HOME LOANS, INC. 817 4.53% $12,116
    NVR Mortgage Finance, Inc. 777 4.04% $10,498
    LOANDEPOT.COM, LLC 745 4.01% $12,332
    MCLEAN MORTGAGE CORPORATION 591 4.27% $17,114
    USAA Federal Savings Bank 574 4.45% $9,895
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 552 5.71% $9,955
    Atlantic Coast Mortgage, LLC 488 4.59% $15,270
    Prosperity Home Mortgage, LLC 480 4.40% $12,151
    NEW DAY FINANCIAL, LLC 452 4.97% $13,504
    PENTAGON FEDERAL CREDIT UNION 405 3.43% $8,289
    The Federal Savings Bank 385 4.71% $15,143
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 357 4.88% $12,252
    SOUTHERN TRUST MORTGAGE, LLC 355 4.70% $11,968
    George Mason Mortgage, LLC 343 3.91% $13,254
    TIDEWATER MORTGAGE SERVICES, INC. 334 4.85% $11,236
    CBM Mortgage, Inc. 313 5.02% $11,325
    CMG MORTGAGE, INC. 293 4.88% $12,899
    GUARANTEED RATE, INC. 292 4.39% $11,511
    Alcova Mortgage LLC 284 5.07% $8,305
    First Heritage Mortgage, LLC 273 4.62% $16,645
    Towne Bank 270 4.52% $11,925
    EMBRACE HOME LOANS, INC. 267 4.33% $12,964
    Mr. Cooper ( Nationstar Mortgage ) 264 4.57% $12,038
    HOME POINT FINANCIAL CORPORATION 257 3.82% $11,472
    Wells Fargo Bank 254 3.98% $7,551
    INTERCOASTAL MORTGAGE COMPANY 231 4.30% $16,616
    NFM, INC. 225 4.75% $12,327
    AMERISAVE MORTGAGE CORPORATION 177 4.20% $12,947
    CROSSCOUNTRY MORTGAGE, LLC 165 5.03% $14,128
    NEWREZ LLC 157 4.44% $10,368
    CARDINAL FINANCIAL 155 4.94% $13,659
    Towne Mortgage, LLC 154 4.78% $12,067
    C & F Mortgage Corporation 147 4.80% $12,142
    NewTowne Mortgage, LLC 146 4.67% $11,940
    LAKEVIEW LOAN SERVICING, LLC 138 3.52% $6,467
    CLEARPATH LENDING 125 3.78% $12,386
    FIRST SAVINGS MORTGAGE CORPORATION 124 4.40% $16,843
    DHI MORTGAGE COMPANY, LTD. 121 3.75% $12,968
    CAPITAL CENTER, L.L.C. 121 4.12% $7,232
    LOANPAL, LLC 118 3.93% $14,768
    Truist 114 4.06% $8,353
    PLANET HOME LENDING, LLC 111 4.32% $10,409
    Carrington Mortgage Services, LLC 109 4.44% $10,689
    Flagstar Bank, FSB 109 4.24% $12,681
    Presidential Bank, FSB 108 4.76% $13,774
    PRIMELENDING, A PLAINSCAPITAL COMPANY 107 4.90% $9,949
    North American Savings Bank, F.S.B. 106 4.03% $12,021
    Advance Financial Group, LLC 106 4.73% $12,376
    HOMESIDE FINANCIAL, LLC 105 4.66% $13,030
    BROKER SOLUTIONS, INC. 105 4.79% $11,518
    Ameris Bank 104 4.59% $13,758
    EMM LOANS LLC 102 4.87% $10,677
    GUARANTEED RATE AFFINITY, LLC 102 4.44% $11,409
    FIRST HOME MORTGAGE CORPORATION 102 4.71% $13,777
    JAMS-01, INC. 97 4.53% $16,782
    Vellum Mortgage, Inc. 92 4.51% $14,604
    Integrity Home Mortgage Corp 90 4.70% $11,952
    Tidewater Home Funding, LLC 88 4.55% $10,455
    NBKC BANK 87 4.15% $9,931
    Barrington Bank & Trust Company, N.A. 85 4.50% $8,781
    Mid-Continent Funding, Inc. 83 4.78% $10,195
    MUTUAL OF OMAHA MORTGAGE, INC. 79 4.46% $9,645
    VILLAGE CAPITAL MORTGAGE 77 4.05% $10,383
    EAGLE HOME MORTGAGE, LLC 75 4.88% $7,355
    DRAPER AND KRAMER MORTGAGE CORP. 74 4.47% $13,904
    HOMESPIRE MORTGAGE CORPORATION 71 5.04% $11,416
    UNION HOME MORTGAGE CORP. 70 4.76% $11,729
    Blue Ridge Bank 69 4.64% $10,028
    Armed Forces Bank 68 4.23% $12,921
    HOMEAMERICAN MORTGAGE CORPORATION 67 4.23% $7,816
    HOMEBRIDGE FINANCIAL SERVICES, INC. 66 4.22% $11,835
    GoPrime Mortgage, Inc. 66 4.56% $10,636
    Strong Home Mortgage, LLC 61 3.68% $11,155
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 60 4.99% $14,334
    FINANCE OF AMERICA MORTGAGE LLC 60 4.14% $11,999
    Equity Prime Mortgage LLC 57 5.24% $11,787
    Paramount Residential Mortgage Group, Inc. 55 5.07% $14,691
    Nations Lending Corporation 54 4.65% $12,271
    U.S. Bank 53 4.27% $11,107
    NETWORK CAPITAL FUNDING CORPORATION 50 3.93% $10,552
    PULTE MORTGAGE LLC 49 4.44% $10,697
    Citizens Bank 47 4.16% $8,771
    AMERICAN PACIFIC MORTGAGE CORPORATION 47 5.21% $13,240
    Lakeview Community Capital, LLC 46 3.53% $5,453
    M&T Bank 44 3.54% $9,928
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 44 4.64% $10,246
    Magnolia Bank 44 4.30% $15,335
    DRAGAS MORTGAGE COMPANY 43 4.80% $12,170
    Wyndham Capital Mortgage, Inc. 42 3.91% $10,122
    BAY EQUITY LLC 41 5.30% $11,404
    VILLAGE BANK MORTGAGE CORPORATION 40 4.64% $7,178
    BNC National Bank 40 3.91% $9,833
    Towne First Mortgage, LLC 39 4.76% $10,522
    Plains Commerce Bank 38 4.86% $10,804
    Virginia Credit Union, Inc. 38 4.50% $8,219
    GUILD MORTGAGE COMPANY 38 4.63% $9,326
    Century Mortgage Company DBA Century Lending Company 37 4.38% $14,473
    Loan Simple, Inc. 37 4.23% $12,250
    SWBC MORTGAGE CORPORATION 37 4.47% $13,350
    Atlantic Union Bank 36 4.96% $8,707
    Northpointe Bank 35 4.31% $14,662
    Hometown Lenders, Inc. 34 4.26% $13,096
    MILEND, INC. 34 5.33% $13,457
    DAS Acquisition Company, LLC 33 4.90% $12,061
    The Freedom Bank of Virginia 32 4.24% $10,332
    NATIONS DIRECT MORTGAGE, LLC 31 4.95% $10,046
    FIRST EQUITY MORTGAGE INCORPORATED 30 4.15% $11,264
    SUN WEST MORTGAGE COMPANY, INC. 30 4.27% $11,540
    JOHNSON MORTGAGE COMPANY, L.L.C. 29 4.35% $16,031
    First Federal Bank 29 4.67% $13,270
    Low VA Rates, LLC 28 4.36% $18,425
    CHURCHILL MORTGAGE CORPORATION 27 4.62% $13,396
    Sierra Pacific Mortgage Company, Inc. 25 4.74% $11,640
    TOWNE MORTGAGE COMPANY 25 3.78% $9,887
    The Central Trust Bank 25 4.08% $10,153
    SUCCESS MORTGAGE PARTNERS, INC. 23 4.53% $12,015
    RELIANCE FIRST CAPITAL, LLC 22 4.92% $9,277
    CONTOUR MORTGAGE CORPORATION 21 4.58% $15,432
    First Guaranty Mortgage Corporation 21 3.89% $7,077
    THE MORTGAGE LINK, INC. 21 4.48% $14,913
    NBH Bank 21 3.74% $13,467
    AMERICAN FINANCING CORPORATION 20 3.82% $10,453
    MORTGAGE ACCESS CORP. 19 4.51% $16,146
    FIDELITY DIRECT MORTGAGE, LLC 19 4.59% $17,017
    PNC Bank 19 4.01% $6,195
    AMERIFIRST FINANCIAL CORPORATION 19 5.62% $8,232
    First Mortgage Solutions, LLC 19 3.01% $13,065
    JET HOMELOANS, LLC 19 5.07% $9,391
    Waterstone Mortgage Corporation 18 4.82% $11,708
    Fulton Bank 18 4.34% $9,908
    CityWorth Mortgage LLC 17 4.35% $11,452
    JPMorgan Chase Bank 17 4.66% $13,332
    Renasant Bank 17 4.62% $5,915
    Summit Mortgage Corporation 16 4.46% $12,288
    SOVEREIGN LENDING GROUP INCORPORATED 16 4.05% $17,387
    NP, Inc. 16 3.73% $7,742
    Meridian Bank Corporation 15 4.28% $12,854
    INTERLINC MORTGAGE SERVICES, LLC 15 5.28% $11,638
    Capital Bank 15 3.73% $19,638
    TBI MORTGAGE COMPANY 15 4.27% $21,376
    Sunflower Bank 14 3.55% $11,716
    KELLER MORTGAGE, LLC 14 4.50% $13,633
    PREMIA MORTGAGE, LLC 14 4.26% $6,660
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 13 4.76% $12,179
    ARC HOME LLC 13 3.91% $17,956
    Encompass Lending Group, LP 12 4.54% $14,369
    GENEVA FINANCIAL, LLC 12 4.56% $19,699
    TJC Mortgage, Inc. 12 3.70% $9,127
    BAYSHORE MORTGAGE FUNDING, LLC 12 5.23% $13,222
    Bank of America 12 4.19% $11,030
    Sandy Spring Bank 12 4.82% $15,530
    Ixonia Bank 12 4.71% $17,323
    EVERETT FINANCIAL, INC. 12 5.04% $10,834
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 11 4.24% $9,870
    MANN FINANCIAL INC. 11 4.47% $14,136
    Dollar Bank, Federal Savings Bank 11 4.36% $8,323
    FREEDOM FIRST 11 3.50% $5,112
    APEX HOME LOANS, INC. 10 4.21% $10,805
    Christensen Financial, Inc. 10 4.89% $11,749
    Bank of England 10 4.91% $13,745
    Texana Bank 10 3.76% $16,020
    SECURITYNATIONAL MORTGAGE COMPANY 10 4.46% $15,851
    Princeton Mortgage Corporation 9 4.51% $18,812
    CORNERSTONE HOME LENDING, INC. 9 4.81% $9,509
    C&F Select LLC 9 4.89% $9,737
    GSF Mortgage Corporation 9 5.54% $17,070
    DATA MORTGAGE, INC. 9 5.65% $10,474
    GUARANTY HOME MORTGAGE CORPORATION 8 4.80% $9,539
    Shea Mortgage Inc. 8 4.42% $5,125
    Member Options, LLC 8 5.19% $9,894
    American Security Mortgage Corp. 8 3.44% $14,808
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 5.78% $18,648
    INTERCAP LENDING INC. 8 4.94% $7,473
    EagleBank 8 4.14% $20,624
    MID AMERICA MORTGAGE, INC. 8 5.19% $8,061
    PRIMARY RESIDENTIAL MORTGAGE, INC. 8 4.67% $10,960
    ACADEMY MORTGAGE CORPORATION 8 4.39% $15,026
    MISSION MORTGAGE LLC 8 4.58% $23,749
    NATION ONE MORTGAGE CORPORATION 7 4.73% $9,171
    CERTAINTY HOME LOANS, LLC 7 4.96% $12,804
    F & M BANK CORP. 7 4.48% $11,054
    First Home Bank 7 4.68% $7,446
    HomePromise Corporation 7 6.34% $17,115
    ISERVE RESIDENTIAL LENDING, LLC 7 5.25% $12,901
    Evolve Bank & Trust 7 4.95% $4,762
    EASTMAN 7 4.68% $5,194
    LANGLEY 7 4.88% $7,712
    LEADERONE FINANCIAL CORPORATION 7 4.34% $15,213
    Community First National Bank 7 4.27% $7,449
    AMERICAN FINANCIAL RESOURCES, INC. 7 5.16% $5,413
    West Town Bank & Trust 7 4.66% $16,343
    ALLIED MORTGAGE GROUP, INC. 7 4.13% $7,238
    NATIONS RELIABLE LENDING, LLC 7 4.95% $9,595
    NexBank 6 3.85% $11,872
    NORTHERN MORTGAGE SERVICES, LLC 6 4.17% $17,689
    Northwest Federal Credit Union 6 5.56% $11,258
    ZILLOW HOME LOANS, LLC 6 3.77% $5,627
    PLAZA HOME MORTGAGE, INC. 6 5.00% $11,280
    Fifth Third Bank 6 3.06% $3,844
    RESIDENTIAL BANCORP. 6 4.04% $12,750
    THRIVE MORTGAGE, LLC 6 4.90% $8,843
    Credence Funding Corporation 6 3.02% $4,705
    PHH Mortgage Corporation 6 4.48% $10,119
    WesBanco Bank, Inc. 6 4.79% $22,845
    HANCOCK MORTGAGE PARTNERS, LLC 6 5.06% $6,640
    FirstBank 6 4.04% $12,402
    First Federal Bank of Kansas City 6 4.13% $15,874
    MASON MCDUFFIE MORTGAGE CORPORATION 6 3.73% $9,108
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 6.08% $2,324
    1ST FINANCIAL, INC. 5 4.90% $11,308
    Assurance Financial Group, L.L.C. 5 4.67% $13,536
    FIRST COMMUNITY MORTGAGE, INC. 5 4.50% $5,060
    MEMBER ADVANTAGE MORTGAGE, LLC 5 4.88% $7,432
    Mortgage Network, Inc. 5 4.28% $10,620
    MORTGAGEONE, INC. 5 5.38% $15,943
    Paramount Bank 5 3.23% $13,507
    Prime Choice Funding Inc. 5 2.95% $6,369
    Service Federal Credit Union 5 4.33% $11,181
    Shamrock Home Loans, Inc. 5 4.43% $11,296
    SUMMIT FUNDING, INC. 5 4.48% $13,015
    AmRes Corporation 4 4.66% $11,684
    Southern Bank and Trust Company 4 4.34% $6,705
    EQUITY RESOURCES, INC. 4 4.50% $5,593
    ROSS MORTGAGE CORPORATION 4 4.38% $20,288
    American National Bank and Trust Company 4 4.91% $14,869
    Regions Bank 4 4.94% $11,239
    NEWPORT NEWS SHIPBUILDING EMPLOYEES 4 4.41% $5,704
    HOMESTAR FINANCIAL CORPORATION 4 4.34% $14,300
    THE MORTGAGE FIRM, INC. 4 4.41% $8,485
    The Huntington National Bank 4 4.63% $14,172
    Citibank 4 3.81% $10,754
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 4 3.72% $3,705
    DIRECT MORTGAGE LOANS, LLC 4 4.88% $15,919
    Aurora Financial, LLC 3 2.79% $2,581
    First Savings Bank 3 3.33% $12,211
    Austin Capital Bank SSB 3 5.00% $11,180
    DUPONT COMMUNITY 3 5.42% $3,871
    Capital City Home Loans, LLC 3 4.08% $10,615
    First Option Mortgage, LLC 3 5.96% $16,690
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.71% $16,161
    LEGEND LENDING CORPORATION 3 6.21% $20,004
    SOUTHWEST STAGE FUNDING, LLC 3 5.33% $3,133
    TD Bank 3 5.54% $15,675
    MLD MORTGAGE INC. 3 4.29% $7,012
    Goldwater Bank, N.A. 3 3.83% $8,892
    Gateway First Bank 3 4.96% $3,088
    Congressional Bank 3 3.92% $21,315
    Florida Capital Bank 3 4.54% $11,402
    MID-ISLAND MORTGAGE CORP. 3 4.17% $11,437
    T2 FINANCIAL LLC 3 5.79% $14,211
    ENVOY MORTGAGE, LTD 3 3.71% $10,128
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.17% $16,688
    AMERICAN ADVISORS GROUP 3 3.29% $8,591
    Residential Mortgage Solutions, Inc. 3 5.75% $11,107
    Watermark Capital, Inc. 3 3.54% $3,805
    SeaTrust Mortgage Company 3 5.46% $13,728
    ROYAL UNITED MORTGAGE LLC 3 5.38% $21,651
    Cornerstone First Mortgage, Inc 3 4.25% $10,558
    VAN DYK MORTGAGE CORPORATION 3 6.04% $7,636
    MICHIGAN MUTUAL, INC. 3 3.50% $13,509
    Hometown Equity Mortgage, LLC 3 5.38% $5,005
    ANGEL OAK HOME LOANS LLC 3 5.08% $15,095
    POLARIS HOME FUNDING CORP. 2 6.06% $11,488
    LIBERTY HOME MORTGAGE CORPORATION 2 3.19% $12,791
    Old National Bank 2 3.75% $15,676
    HAMILTON HOME LOANS, INC. 2 4.38% $6,420
    First Western Trust Bank 2 3.88% $9,186
    First United Bank and Trust Company 2 3.19% $3,984
    First State Bank of St. Charles, Missouri 2 4.25% $4,029
    First National Bank Texas 2 5.13% $10,648
    S1L, Inc. 2 5.69% $10,712
    FIDELITY BANK 2 4.94% $15,591
    SOUTHPOINT FINANCIAL SERVICES, INC. 2 5.56% $14,864
    STOCKTON MORTGAGE CORPORATION 2 3.38% $5,722
    Commerce Home Mortgage, Inc. 2 3.13% $6,976
    Carrollton Bank 2 4.63% $7,433
    UNIVERSAL MORTGAGE & FINANCE, INC. 2 6.88% $8,423
    AmeriHome Mortgage Company, LLC 2 4.49% $6,769
    Amerifirst Financial, Inc. 2 3.44% $9,259
    US MORTGAGE CORPORATION 2 2.81% $6,765
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 2 4.88% $12,581
    AMERICAN INTERNET MORTGAGE, INC. 2 3.13% $10,332
    AMERICAN BANCSHARES MORTGAGE, LLC 2 4.69% $13,836
    Mutual Federal Bank 2 4.63% $15,969
    MORIA DEVELOPMENT, INC. 2 5.44% $19,213
    MIDLAND MORTGAGE CORPORATION 2 5.13% $18,679
    RAPID MORTGAGE COMPANY 1 5.63% $13,145
    KeyBank 1 5.88% $7,162
    RANLIFE, INC. 1 4.63% $2,336
    DIRECT MORTGAGE, CORP. 1 6.50% $19,139
    1ST SIGNATURE LENDING, LLC 1 5.75% $3,199
    CRESCENT MORTGAGE COMPANY 1 5.63% $2,132
    First Reliance Bank 1 5.25% $3,233
    ABSOLUTE HOME MORTGAGE CORPORATION 1 2.75% $3,155
    Core Bank 1 3.75% $11,008
    FLAT BRANCH MORTGAGE, INC. 1 4.25% $15,455
    PLUS RELOCATION MORTGAGE, LLC 1 3.75% $3,206
    HANSCOM 1 3.63% $3,545
    LAND HOME FINANCIAL SERVICES, INC. 1 6.88% $7,907
    TEXAS TECH 1 6.00% $8,389
    Peoples Bank 1 4.75% $16,623
    CIS Financial Services, Inc. 1 4.13% $22,290
    The Fidelity Bank 1 6.63% $3,290
    CHARTER WEST BANK 1 5.75% $9,155
    Hawthorn Bank 1 4.63% $13,298
    HighTechLending Inc 1 4.25% $9,177
    American Mortgage & Equity Consultants, Inc. 1 5.25% $11,372
    Academy Bank 1 4.50% $13,004
    Call Federal Credit Union 1 4.00% $3,635
    CALCON MUTUAL MORTGAGE LLC 1 5.75% $232
    BLUELEAF LENDING, LLC 1 4.75% $14,058
    BAY CAPITAL MORTGAGE CORPORATION 1 4.00% $11,998
    Bank of Tennessee 1 3.00% $7,373
    BancorpSouth Bank 1 3.50% $9,853
    OPEN MORTGAGE, LLC 1 4.25% $6,077
    OCMBC, INC. 1 7.38% $24,722
    HOMESTEAD FUNDING CORP. 1 2.38% $10,952
    UNITED MORTGAGE CORP. 1 5.75% $16,194
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 4.88% $20,060
    JAMES B. NUTTER & COMPANY 1 6.00% $10,684
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.13% $14,382
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.63% $7,794
    LOANLEADERS OF AMERICA, INC. 1 6.88% $9,706
    MDE Home Loans, LLC 1 2.63% $3,155
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.25% $10,278
    FEDERATED MORTGAGE CORP. 1 2.25% $2,820
    Semper Home Loans, Inc. 1 5.50% $11,015
    Wilmington Savings Fund Society, FSB 1 3.50% $14,141
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 1 6.25% $3,081
    FBC MORTGAGE, LLC 1 5.50% $4,991
    First Bank 1 5.25% $5,272
    Simmons Bank 1 3.25% $9,957
    SIRVA MORTGAGE, INC. 1 5.13% $464
    First International Bank & Trust 1 4.00% $5,012
    First National Bank of Pennsylvania 1 5.13% $32,005
    Acre Mortgage and Financial Inc 1 5.13% $26,569
    South State Bank 1 4.75% $6,792
    Red River Bank 1 4.75% $11,254

    The top Virginia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 3,878 VA loans originated. Their average total fees are $8,658, which is $447 lower than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Virginia VA lenders (with over 10 loans originated) are FREEDOM FIRST ($5,112), Lakeview Community Capital, LLC ($5,453), Renasant Bank ($5,915), PNC Bank ($6,195) and LAKEVIEW LOAN SERVICING, LLC ($6,467).

    The lowest rate Virginia VA lenders (with over 10 loans originated) are First Mortgage Solutions, LLC (3.01%), PENNYMAC LOAN SERVICES, LLC (3.29%), PENTAGON FEDERAL CREDIT UNION (3.43%), FREEDOM FIRST (3.50%) and LAKEVIEW LOAN SERVICING, LLC (3.52%).

    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.