Virginia VA Loan Rates, Closing Costs & Stats

Virginia

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 0.28% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

    Virginia's average VA mortgage closing costs are $7,515.

    The average rate for the prior week (2024-11-22) was 6.45% and one month ago for the week of 2024-10-25, the average rate was 6.25%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2024-11-29, the average rate was 0.26%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 2,820 6.64% $8,340
    NAVY FEDERAL CREDIT UNION 1,338 5.82% $8,613
    UNITED WHOLESALE MORTGAGE, LLC 1,233 6.18% $10,567
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1,029 6.35% $10,749
    QUICKEN LOANS, LLC 1,013 6.11% $13,446
    MOVEMENT MORTGAGE, LLC 959 6.29% $10,928
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 920 6.56% $10,271
    NVR Mortgage Finance, Inc. 612 5.55% $9,658
    PENNYMAC LOAN SERVICES, LLC 497 5.53% $10,022
    Atlantic Coast Mortgage, LLC 484 6.20% $13,419
    FREEDOM MORTGAGE CORPORATION 483 6.46% $17,109
    CMG MORTGAGE, INC. 430 5.98% $13,480
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 415 6.19% $11,482
    Prosperity Home Mortgage, LLC 385 6.02% $10,533
    LOANDEPOT.COM, LLC 360 6.00% $12,517
    USAA Federal Savings Bank 305 6.16% $10,901
    SOUTHERN TRUST MORTGAGE, LLC 301 6.45% $12,608
    CBM Mortgage, Inc. 288 6.30% $12,390
    GUARANTEED RATE, INC. 276 6.04% $10,838
    PENTAGON FEDERAL CREDIT UNION 246 5.63% $9,988
    TIDEWATER MORTGAGE SERVICES, INC. 237 6.49% $12,471
    First Heritage Mortgage, LLC 222 6.30% $16,211
    NEWREZ LLC 221 6.57% $11,063
    The Federal Savings Bank 216 6.26% $17,138
    Alcova Mortgage LLC 214 6.83% $9,179
    NEW DAY FINANCIAL, LLC 204 7.43% $14,190
    CALIBER HOME LOANS, INC. 194 5.92% $11,894
    Towne Bank 176 6.36% $12,724
    INTERCOASTAL MORTGAGE COMPANY 175 6.08% $16,961
    DHI MORTGAGE COMPANY, LTD. 160 5.37% $11,459
    NFM, INC. 151 6.36% $12,211
    CROSSCOUNTRY MORTGAGE, LLC 151 6.54% $12,413
    Advance Financial Group, LLC 131 6.35% $13,342
    EMBRACE HOME LOANS, INC. 131 6.07% $15,265
    Towne Mortgage, LLC 130 6.46% $14,541
    Mr. Cooper ( Nationstar Mortgage ) 129 6.04% $16,402
    AMERICAN FINANCIAL NETWORK, INC. 119 6.57% $10,202
    CARDINAL FINANCIAL 113 6.60% $14,722
    FIRST SAVINGS MORTGAGE CORPORATION 112 6.17% $17,207
    VILLAGE CAPITAL MORTGAGE 109 6.35% $10,786
    Wells Fargo Bank 105 5.91% $7,580
    George Mason Mortgage, LLC 97 6.20% $13,453
    Presidential Bank, FSB 95 6.52% $10,685
    BROKER SOLUTIONS, INC. 94 6.54% $12,036
    Plains Commerce Bank 93 6.07% $13,700
    Truist 91 6.18% $10,700
    NBKC BANK 88 5.88% $10,842
    C & F Mortgage Corporation 87 6.69% $12,717
    EMM LOANS LLC 86 6.35% $12,170
    PRIMELENDING, A PLAINSCAPITAL COMPANY 81 6.51% $11,552
    AMERISAVE MORTGAGE CORPORATION 74 5.78% $17,497
    HOMESIDE FINANCIAL, LLC 74 6.51% $13,734
    GUARANTEED RATE AFFINITY, LLC 72 6.06% $11,071
    EAGLE HOME MORTGAGE, LLC 68 6.05% $7,337
    FIRST HOME MORTGAGE CORPORATION 68 6.38% $13,367
    Ameris Bank 66 6.23% $12,504
    HOMESPIRE MORTGAGE CORPORATION 66 6.65% $9,132
    BAY EQUITY LLC 64 6.29% $12,704
    Tidewater Home Funding, LLC 58 6.25% $22,634
    Barrington Bank & Trust Company, N.A. 57 6.50% $8,496
    JAMS-01, INC. 55 5.98% $18,633
    FIRST COMMUNITY MORTGAGE, INC. 53 6.98% $10,574
    MUTUAL OF OMAHA MORTGAGE, INC. 52 6.37% $16,988
    CAPITAL CENTER, L.L.C. 51 6.31% $7,493
    HOMEAMERICAN MORTGAGE CORPORATION 51 5.70% $7,662
    Integrity Home Mortgage Corp 50 6.44% $13,817
    GUILD MORTGAGE COMPANY 50 6.32% $12,016
    DRAPER AND KRAMER MORTGAGE CORP. 49 6.11% $12,014
    Vellum Mortgage, Inc. 48 6.40% $16,631
    Armed Forces Bank 45 6.30% $11,782
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 45 6.59% $10,885
    UNION HOME MORTGAGE CORP. 43 6.59% $12,584
    Magnolia Bank 42 6.26% $17,830
    GoPrime Mortgage, Inc. 42 6.09% $12,099
    Mid-Continent Funding, Inc. 41 6.22% $10,637
    AMERICAN PACIFIC MORTGAGE CORPORATION 41 6.30% $16,182
    PLANET HOME LENDING, LLC 41 5.91% $8,972
    U.S. Bank 41 5.90% $14,193
    Equity Prime Mortgage LLC 41 6.91% $11,257
    Century Mortgage Company DBA Century Lending Company 40 6.04% $10,287
    Paramount Residential Mortgage Group, Inc. 40 6.06% $12,232
    NewTowne Mortgage, LLC 36 5.90% $15,499
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 36 6.53% $9,574
    North American Savings Bank, F.S.B. 35 5.67% $10,916
    LOANPAL, LLC 35 5.89% $14,194
    Virginia Credit Union, Inc. 34 6.23% $8,693
    PULTE MORTGAGE LLC 34 6.02% $8,151
    DRAGAS MORTGAGE COMPANY 31 6.36% $7,523
    Flagstar Bank, FSB 31 6.42% $12,306
    Blue Ridge Bank 30 6.46% $9,016
    RELIANCE FIRST CAPITAL, LLC 30 6.64% $12,077
    CHURCHILL MORTGAGE CORPORATION 28 6.38% $15,262
    BNC National Bank 26 5.48% $9,555
    SUN WEST MORTGAGE COMPANY, INC. 26 6.48% $11,227
    MILEND, INC. 25 6.73% $15,177
    Renasant Bank 25 6.19% $10,002
    Strong Home Mortgage, LLC 25 5.99% $11,176
    FIRST EQUITY MORTGAGE INCORPORATED 24 5.66% $15,338
    Sierra Pacific Mortgage Company, Inc. 24 6.23% $10,917
    First Federal Bank 23 6.35% $11,884
    The Freedom Bank of Virginia 23 6.02% $11,603
    JET HOMELOANS, LLC 23 5.76% $9,071
    SWBC MORTGAGE CORPORATION 22 6.27% $13,896
    Waterstone Mortgage Corporation 22 6.31% $12,192
    Atlantic Union Bank 22 6.20% $7,841
    MCLEAN MORTGAGE CORPORATION 21 5.68% $6,305
    M&T Bank 21 6.14% $11,032
    Towne First Mortgage, LLC 21 6.77% $9,504
    HOMEBRIDGE FINANCIAL SERVICES, INC. 20 6.45% $9,801
    Fulton Bank 20 6.23% $11,229
    GSF Mortgage Corporation 20 6.32% $14,059
    LAKEVIEW LOAN SERVICING, LLC 20 5.93% $13,443
    FIDELITY DIRECT MORTGAGE, LLC 19 6.73% $12,013
    American Mortgage & Equity Consultants, Inc. 19 6.66% $11,513
    Citizens Bank 18 6.20% $12,638
    Keystone Funding, Inc. 17 6.01% $12,749
    Nations Lending Corporation 16 6.23% $11,497
    GENEVA FINANCIAL, LLC 16 6.60% $14,628
    MICHIGAN MUTUAL, INC. 15 5.37% $13,417
    PLAZA HOME MORTGAGE, INC. 15 6.07% $9,389
    The Central Trust Bank 15 5.56% $14,408
    VILLAGE BANK MORTGAGE CORPORATION 15 6.47% $9,497
    MORTGAGE ACCESS CORP. 14 6.24% $16,023
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 14 6.28% $14,295
    NATIONS DIRECT MORTGAGE, LLC 14 6.38% $12,762
    ISERVE RESIDENTIAL LENDING, LLC 13 6.88% $14,265
    T2 FINANCIAL LLC 13 6.58% $16,156
    Sandy Spring Bank 13 6.55% $13,511
    CONTOUR MORTGAGE CORPORATION 12 6.70% $12,911
    Summit Mortgage Corporation 12 5.92% $11,975
    SeaTrust Mortgage Company 12 6.40% $13,338
    Dollar Bank, Federal Savings Bank 12 6.35% $12,437
    PREMIA MORTGAGE, LLC 11 6.10% $7,965
    CITY FIRST MORTGAGE SERVICES, L.L.C. 11 6.92% $14,383
    DAS Acquisition Company, LLC 11 6.69% $16,060
    MORIA DEVELOPMENT, INC. 11 6.86% $7,636
    Ixonia Bank 10 6.83% $23,542
    C&F Select LLC 10 6.75% $14,900
    JPMorgan Chase Bank 10 6.59% $8,978
    Lakeview Community Capital, LLC 10 6.28% $10,742
    American Security Mortgage Corp. 10 6.11% $13,640
    Northpointe Bank 9 5.82% $20,304
    SOVEREIGN LENDING GROUP INCORPORATED 9 5.79% $16,345
    ROSS MORTGAGE CORPORATION 9 6.72% $13,752
    Bank of England 9 6.57% $9,793
    Capital Bank 9 6.03% $14,094
    MANN FINANCIAL INC. 9 6.35% $18,609
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 7.25% $11,286
    SUMMIT FUNDING, INC. 8 7.17% $9,819
    JOHNSON MORTGAGE COMPANY, L.L.C. 8 6.11% $15,934
    LANGLEY 8 6.81% $4,171
    MORTGAGEONE, INC. 8 6.78% $7,569
    Residential Mortgage Solutions, Inc. 8 6.67% $13,597
    INTERCAP LENDING INC. 8 6.73% $11,010
    AMERICAN FINANCIAL RESOURCES, INC. 8 6.66% $9,705
    ACADEMY MORTGAGE CORPORATION 7 6.73% $10,497
    Carrington Mortgage Services, LLC 7 5.75% $5,726
    FREEDOM FIRST 7 6.25% $5,089
    Meridian Bank Corporation 7 6.13% $13,430
    MLD MORTGAGE INC. 7 6.61% $14,419
    PNC Bank 7 6.89% $9,570
    ROYAL UNITED MORTGAGE LLC 7 6.96% $27,358
    Sunflower Bank 7 5.58% $16,492
    TOWNE MORTGAGE COMPANY 7 6.34% $6,993
    ZILLOW HOME LOANS, LLC 7 6.39% $7,750
    First National Bank of Pennsylvania 6 6.25% $8,136
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 6.58% $3,810
    TBI MORTGAGE COMPANY 6 6.29% $9,132
    SUCCESS MORTGAGE PARTNERS, INC. 6 6.46% $17,734
    NATION ONE MORTGAGE CORPORATION 6 6.60% $9,198
    LEADERONE FINANCIAL CORPORATION 6 6.71% $12,084
    AMERICAN FINANCING CORPORATION 5 5.98% $16,324
    NETWORK CAPITAL FUNDING CORPORATION 5 5.68% $12,606
    HomePromise Corporation 5 7.73% $11,843
    ENVOY MORTGAGE, LTD 5 6.28% $13,544
    CORNERSTONE HOME LENDING, INC. 5 6.75% $15,683
    NATIONWIDE MORTGAGE BANKERS, INC. 5 6.83% $14,211
    PHH Mortgage Corporation 5 6.77% $9,413
    RESIDENTIAL HOME FUNDING CORP. 5 5.60% $18,340
    Loan Simple, Inc. 5 6.73% $10,008
    NexBank 5 6.03% $11,484
    THRIVE MORTGAGE, LLC 5 6.58% $10,192
    SOUTHWEST STAGE FUNDING, LLC 5 6.93% $1,868
    SECURITYNATIONAL MORTGAGE COMPANY 5 5.88% $17,511
    Shamrock Home Loans, Inc. 4 6.53% $10,393
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 4 6.88% $11,913
    Shea Mortgage Inc. 4 6.31% $5,308
    DATA MORTGAGE, INC. 4 6.31% $11,801
    THE MORTGAGE LINK, INC. 4 6.38% $20,277
    Cornerstone First Mortgage, Inc 4 6.09% $18,201
    INTELLILOAN, INC. 4 5.88% $6,656
    Princeton Mortgage Corporation 4 6.75% $14,564
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.75% $19,468
    VAN DYK MORTGAGE CORPORATION 4 6.66% $3,855
    Bank of America 4 5.44% $11,074
    TD Bank 4 6.06% $19,369
    Encompass Lending Group, LP 4 6.31% $11,367
    SIRVA MORTGAGE, INC. 3 7.21% $2,560
    Community First National Bank 3 6.38% $10,092
    The Huntington National Bank 3 5.54% $9,110
    GVC MORTGAGE, INC. 3 6.25% $13,034
    INTERLINC MORTGAGE SERVICES, LLC 3 6.04% $9,608
    TJC Mortgage, Inc. 3 5.75% $5,908
    BAY CAPITAL MORTGAGE CORPORATION 3 6.04% $7,982
    Evolve Bank & Trust 3 6.71% $4,609
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 3 6.08% $6,133
    AmeriHome Mortgage Company, LLC 3 6.38% $8,108
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 3 7.20% $6,185
    First Reliance Bank 3 6.21% $9,325
    WesBanco 3 5.96% $15,536
    DIRECT MORTGAGE LOANS, LLC 3 6.00% $14,232
    OCMBC, INC. 3 6.67% $13,346
    Wyndham Capital Mortgage, Inc. 2 4.94% $16,682
    CRESCENT MORTGAGE COMPANY 2 7.19% $10,154
    Regions Bank 2 5.25% $7,652
    American National Bank and Trust Company 2 6.63% $6,392
    Farmers Bank & Trust 2 5.38% $2,748
    ALLIED MORTGAGE GROUP, INC. 2 6.88% $6,238
    MASON MCDUFFIE MORTGAGE CORPORATION 2 7.25% $7,511
    TOP FLITE FINANCIAL, INC. 2 6.94% $15,933
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.44% $28,270
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.44% $25,360
    CALCON MUTUAL MORTGAGE LLC 2 6.88% $5,864
    MID AMERICA MORTGAGE, INC. 2 6.44% $22,187
    LIBERTY HOME MORTGAGE CORPORATION 2 6.13% $19,795
    RESIDENTIAL BANCORP 2 6.37% $12,805
    First-Citizens Bank & Trust Company 2 6.38% $6,530
    First Option Mortgage, LLC 2 7.50% $8,055
    COMPASS MORTGAGE, INC. 2 6.63% $22,995
    EagleBank 2 5.50% $11,566
    MY MORTGAGE, INC. 2 6.63% $21,992
    HOMESTEAD FUNDING CORP. 2 5.81% $6,738
    ALAMEDA MORTGAGE CORPORATION 2 6.56% $18,739
    Credence Funding Corporation 2 5.56% $5,403
    DELMAR FINANCIAL COMPANY 2 7.63% $15,653
    F & M BANK CORP. 2 6.88% $11,049
    EVERETT FINANCIAL, INC. 2 7.13% $13,445
    iCore Lending, Inc. 2 5.88% $15,850
    First Savings Bank 2 6.00% $5,337
    LEGEND LENDING CORPORATION 2 6.44% $14,524
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.56% $10,189
    LOANLEADERS OF AMERICA, INC. 1 6.25% $20,374
    Legends Bank 1 6.50% $6,969
    HOMESTAR FINANCIAL CORPORATION 1 7.25% $8,501
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $7,970
    Hancock Whitney Bank 1 5.38% $15,213
    NATIONS RELIABLE LENDING, LLC 1 6.50% $15,303
    NBH Bank 1 5.63% $27,484
    Gateway First Bank 1 6.25% $5,515
    FLAT BRANCH MORTGAGE, INC. 1 5.63% $4,884
    Northwest Federal Credit Union 1 7.75% $2,871
    First National Bank of Omaha 1 6.63% $36,973
    OceanFirst Bank 1 6.50% $9,057
    Old National Bank 1 6.99% $8,941
    ON Q FINANCIAL, INC. 1 6.63% $967
    PANORAMA MORTGAGE GROUP, LLC 1 6.38% $3,742
    FIRST MORTGAGE COMPANY, INC. 1 5.25% $14,058
    First Horizon Bank 1 6.00% $15,125
    FIRST HERITAGE FINANCIAL, LLC 1 5.25% $28,061
    Fifth Third Bank 1 6.13% $0
    PLUS RELOCATION MORTGAGE, LLC 1 6.25% $12,556
    Advisors Mortgage Group, L.L.C. 1 5.75% $11,412
    Extraco Banks 1 6.13% $15,597
    EVANSVILLE TEACHERS 1 6.13% $5,376
    RANLIFE, INC. 1 5.50% $13,620
    Red River Bank 1 5.63% $5,006
    EASTMAN 1 6.00% $5,064
    Republic Bank & Trust Company 1 6.63% $13,625
    Eagle Bank and Trust Company 1 6.50% $9,752
    RESOURCE FINANCIAL SERVICES, INC. 1 7.63% $4,003
    RUOFF MORTGAGE COMPANY, INC. 1 6.00% $3,694
    S1L, Inc. 1 5.25% $18,802
    DUPONT COMMUNITY 1 6.75% $0
    Shore United Bank 1 5.88% $20,566
    SmartBank 1 5.63% $10,528
    SOUTH CENTRAL BANK, INC. 1 6.63% $4,509
    Southern Bank and Trust Company 1 5.75% $5,387
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 1 6.13% $10,449
    STOCKTON MORTGAGE CORPORATION 1 6.25% $7,230
    Wolfe Financial, Inc 1 6.88% $8,785
    Citibank 1 5.38% $11,764
    Capital City Home Loans, LLC 1 6.75% $3,500
    BOKF 1 6.13% $11,724
    THE MORTGAGE FIRM, INC. 1 6.38% $14,110
    Bell Bank 1 6.63% $9,951
    TOTAL MORTGAGE SERVICES, LLC 1 6.75% $14,883
    BANKSOUTH MORTGAGE COMPANY, LLC 1 5.75% $13,568
    BancorpSouth 1 5.75% $13,621
    AXIA FINANCIAL, LLC 1 6.13% $6,013
    Union Savings Bank 1 7.25% $4,492
    United Bank 1 6.13% $4,483
    United Nations Federal Credit Union 1 6.13% $4,532
    UNITED SECURITY FINANCIAL CORP 1 6.75% $15,514
    Aurora Financial, LLC 1 5.50% $5,999
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 6.88% $14,558
    University Bank 1 6.75% $11,581
    Assurance Financial Group, L.L.C. 1 7.13% $4,005
    Victorian Finance, LLC 1 5.88% $0
    Member Options, LLC 1 6.13% $4,422
    Watermark Capital, Inc. 1 6.13% $8,615
    MID-ISLAND MORTGAGE CORP. 1 5.63% $13,656

    The top Virginia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2,820 VA loans originated. Their average total fees are $8,340, which is $273 lower than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Virginia VA lenders (with over 10 loans originated) are MCLEAN MORTGAGE CORPORATION ($6,305), EAGLE HOME MORTGAGE, LLC ($7,337), CAPITAL CENTER, L.L.C. ($7,493), DRAGAS MORTGAGE COMPANY ($7,523) and Wells Fargo Bank ($7,580).

    The lowest rate Virginia VA lenders (with over 10 loans originated) are MICHIGAN MUTUAL, INC. (5.37%), DHI MORTGAGE COMPANY, LTD. (5.37%), BNC National Bank (5.48%), PENNYMAC LOAN SERVICES, LLC (5.53%) and NVR Mortgage Finance, Inc. (5.55%).

    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.