Kill Devil Hills VA Loan Rates, Closing Costs & Stats

Kill Devil Hills, NC

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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.

    Kill Devil Hills's 32 lenders originated 62 VA loans during 2024. The total origination value was $34,100,000, with an average VA loan value of $550,000.

    Kill Devil Hills VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kill Devil Hills averaged 7.05% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Kill Devil Hills's average VA mortgage closing costs are $7,473.

    The average rate for the prior week (2025-07-11) was 6.94% and one month ago for the week of 2025-06-13, the average rate was 7.21%.

    The average rate one year ago was 7.11%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.88%.

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

    Kill Devil Hills 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 Kill Devil Hills level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 7 6.57% $8,007
    NAVY FEDERAL CREDIT UNION 4 5.88% $6,954
    UNITED WHOLESALE MORTGAGE, LLC 4 6.21% $2,551
    PENNYMAC LOAN SERVICES, LLC 3 5.71% $18,797
    QUICKEN LOANS, LLC 3 5.99% $10,555
    SOUTHERN TRUST MORTGAGE, LLC 3 6.79% $6,806
    CMG MORTGAGE, INC. 3 5.71% $13,420
    Atlantic Coast Mortgage, LLC 2 5.75% $22,790
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.44% $8,547
    MOVEMENT MORTGAGE, LLC 2 5.94% $11,312
    USAA Federal Savings Bank 2 6.06% $18,198
    NBKC BANK 2 6.19% $4,740
    Paramount Residential Mortgage Group, Inc. 1 7.13% $5,008
    PLANET HOME LENDING, LLC 1 6.38% $1,409
    Prosperity Home Mortgage, LLC 1 6.88% $3,373
    SeaTrust Mortgage Company 1 6.25% $11,772
    SWBC MORTGAGE CORPORATION 1 7.13% $3,243
    Tidewater Home Funding, LLC 1 6.50% $3,081
    Towne Bank 1 6.13% $16,782
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $12,332
    Wells Fargo Bank 1 4.88% $14,133
    Barrington Bank & Trust Company, N.A. 1 6.13% $3,525
    BROKER SOLUTIONS, INC. 1 6.25% $18,002
    CALCON MUTUAL MORTGAGE LLC 1 5.75% $6,313
    EMM LOANS LLC 1 5.50% $16,274
    FREEDOM MORTGAGE CORPORATION 1 5.75% $3,351
    GUARANTEED RATE, INC. 1 6.63% $2,850
    JAMS-01, INC. 1 6.13% $6,807
    LOANDEPOT.COM, LLC 1 5.49% $22,657
    Mid-Continent Funding, Inc. 1 6.25% $5,155
    NEW DAY FINANCIAL, LLC 1 7.87% $14,038
    NORWICH COMMERCIAL GROUP, INC. 1 5.75% $12,382

    The top Kill Devil Hills VA lender as defined by loan originations is Mortgage Research Center, LLC, with 7 VA loans originated. Their average total fees are $8,007, which is $1,052 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Kill Devil Hills VA lenders (with over 10 loans originated) are .

    The lowest rate Kill Devil Hills VA lenders (with over 10 loans originated) are .

    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.