Charlottesville VA Loan Rates, Closing Costs & Stats

CHARLOTTESVILLE, VA

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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.

    Charlottesville's 64 lenders originated 324 VA loans during 2024. The total origination value was $149,310,000, with an average VA loan value of $460,833.

    Charlottesville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Charlottesville averaged 7.06% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Charlottesville's average VA mortgage closing costs are $7,418.

    The average rate for the prior week (2025-07-11) was 6.85% and one month ago for the week of 2025-06-13, the average rate was 7.12%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.49%.

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

    Charlottesville 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 Charlottesville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 26 6.23% $6,808
    UNITED WHOLESALE MORTGAGE, LLC 18 5.71% $10,166
    First Heritage Mortgage, LLC 18 6.16% $10,716
    FREEDOM MORTGAGE CORPORATION 17 5.96% $8,871
    QUICKEN LOANS, LLC 14 5.71% $14,096
    NAVY FEDERAL CREDIT UNION 13 5.88% $10,723
    Atlantic Coast Mortgage, LLC 13 6.22% $12,105
    PENNYMAC LOAN SERVICES, LLC 13 5.38% $7,770
    VILLAGE CAPITAL MORTGAGE 9 5.92% $10,341
    USAA Federal Savings Bank 9 6.07% $10,572
    NFM, INC. 9 6.57% $9,093
    CMG MORTGAGE, INC. 8 6.06% $9,484
    Ixonia Bank 8 6.38% $17,410
    GUARANTEED RATE, INC. 7 5.88% $7,885
    ROSS MORTGAGE CORPORATION 7 6.46% $13,212
    MOVEMENT MORTGAGE, LLC 6 6.06% $6,697
    Towne First Mortgage, LLC 5 6.28% $11,227
    FIRST COMMUNITY MORTGAGE, INC. 5 5.83% $12,913
    GSF Mortgage Corporation 5 6.55% $7,524
    LAKEVIEW LOAN SERVICING, LLC 5 6.30% $10,486
    NVR Mortgage Finance, Inc. 5 6.10% $8,608
    PLANET HOME LENDING, LLC 5 5.90% $4,520
    Prosperity Home Mortgage, LLC 5 6.50% $8,087
    LOANDEPOT.COM, LLC 4 5.46% $20,411
    CAPITAL CENTER, L.L.C. 4 6.06% $5,815
    NEWREZ LLC 3 6.21% $5,353
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 3 5.88% $8,359
    Mr. Cooper ( Nationstar Mortgage ) 3 7.25% $7,768
    NEW DAY FINANCIAL, LLC 3 7.75% $24,412
    Fulton Bank 3 6.46% $17,232
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.08% $6,614
    INTERCOASTAL MORTGAGE COMPANY 3 6.00% $8,849
    RUOFF MORTGAGE COMPANY, INC. 2 6.38% $17,018
    FIRST COLONY MORTGAGE CORPORATION 2 6.25% $14,789
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.74% $9,351
    The Federal Savings Bank 2 6.19% $11,778
    Virginia Credit Union, Inc. 2 5.88% $11,478
    PENTAGON FEDERAL CREDIT UNION 2 6.25% $4,010
    First Federal Bank 2 6.00% $11,162
    ALLIANT CREDIT UNION 2 5.63% $10,394
    The Loan Store, Inc. 1 6.25% $21,322
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.75% $8,979
    TJC Mortgage, Inc. 1 5.50% $2,355
    Towne Mortgage, LLC 1 6.25% $10,612
    Truist 1 6.70% $4,699
    UNION HOME MORTGAGE CORP. 1 6.63% $3,951
    United Bank 1 5.63% $5,547
    HOMESPIRE MORTGAGE CORPORATION 1 7.63% $2,787
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 7.25% $14,685
    Lakeview Community Capital, LLC 1 6.25% $4,430
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $9,902
    Meridian Bank Corporation 1 5.63% $3,363
    Mid-Continent Funding, Inc. 1 6.25% $24,035
    EMBRACE HOME LOANS, INC. 1 6.63% $13,753
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $12,243
    City Lending Inc. 1 6.50% $22,428
    BROKER SOLUTIONS, INC. 1 6.50% $8,939
    Barrington Bank & Trust Company, N.A. 1 5.75% $6,013
    PHH Mortgage Corporation 1 5.99% $6,224
    American Mortgage & Equity Consultants, Inc. 1 5.75% $8,059
    Presidential Bank, FSB 1 6.25% $14,171
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $13,909
    SOUTHWEST STAGE FUNDING, LLC 1 5.88% $0
    The Dart Bank 1 6.75% $2,194

    The top Charlottesville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $6,808, which is $3,358 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Charlottesville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,808), PENNYMAC LOAN SERVICES, LLC ($7,770), FREEDOM MORTGAGE CORPORATION ($8,871), UNITED WHOLESALE MORTGAGE, LLC ($10,166) and First Heritage Mortgage, LLC ($10,716).

    The lowest rate Charlottesville VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.38%), QUICKEN LOANS, LLC (5.71%), UNITED WHOLESALE MORTGAGE, LLC (5.71%), NAVY FEDERAL CREDIT UNION (5.88%) and FREEDOM MORTGAGE CORPORATION (5.96%).

    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.