Raleigh VA Loan Rates, Closing Costs & Stats

RALEIGH-CARY, 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.

    Raleigh's 171 lenders originated 2,581 VA loans during 2024. The total origination value was $1,106,055,000, with an average VA loan value of $428,537.

    Raleigh VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Raleigh averaged 6.61% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Raleigh's average VA mortgage closing costs are $6,583.

    The average rate for the prior week (2025-07-11) was 6.4% and one month ago for the week of 2025-06-13, the average rate was 6.87%.

    The average rate one year ago was 6.37%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.53%.

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

    Raleigh 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 Raleigh level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 249 6.26% $8,273
    UNITED WHOLESALE MORTGAGE, LLC 216 5.82% $9,548
    QUICKEN LOANS, LLC 143 6.04% $11,095
    FREEDOM MORTGAGE CORPORATION 132 6.11% $9,614
    NAVY FEDERAL CREDIT UNION 114 5.86% $5,065
    PENNYMAC LOAN SERVICES, LLC 98 5.60% $9,076
    MOVEMENT MORTGAGE, LLC 91 6.22% $9,637
    LOANDEPOT.COM, LLC 59 5.96% $10,359
    USAA Federal Savings Bank 54 6.19% $8,527
    VILLAGE CAPITAL MORTGAGE 53 5.75% $8,506
    American Security Mortgage Corp. 53 6.00% $10,589
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 49 6.39% $8,260
    CROSSCOUNTRY MORTGAGE, LLC 44 6.44% $7,376
    VANDERBILT MORTGAGE AND FINANCE, INC. 38 5.65% $6,582
    NEWREZ LLC 36 6.13% $7,861
    DHI MORTGAGE COMPANY, LTD. 35 5.19% $5,484
    EAGLE HOME MORTGAGE, LLC 34 5.55% $6,508
    NVR Mortgage Finance, Inc. 34 5.78% $5,489
    PULTE MORTGAGE LLC 29 5.80% $4,919
    GUARANTEED RATE, INC. 27 6.10% $8,101
    NEW DAY FINANCIAL, LLC 27 7.59% $15,892
    Prosperity Home Mortgage, LLC 26 6.29% $7,283
    The Federal Savings Bank 25 6.24% $19,691
    MATTAMY HOME FUNDING, LLC 23 5.75% $7,139
    Truist 21 6.03% $8,461
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 21 6.41% $8,522
    ZILLOW HOME LOANS, LLC 20 6.04% $7,054
    CORNERSTONE HOME LENDING, INC. 19 6.05% $6,639
    VELOCIO MORTGAGE L.L.C. 19 4.99% $4,731
    Towne Bank 18 5.73% $10,702
    North State Bank 16 6.12% $8,615
    Carrington Mortgage Services, LLC 16 6.04% $10,193
    FIRST HOME MORTGAGE CORPORATION 16 6.13% $9,455
    UNION HOME MORTGAGE CORP. 15 6.15% $9,767
    Towne Mortgage of the Carolinas, LLC 15 6.15% $13,019
    Mr. Cooper ( Nationstar Mortgage ) 14 5.96% $10,552
    GoPrime Mortgage, Inc. 14 6.23% $9,226
    LAKEVIEW LOAN SERVICING, LLC 14 5.65% $6,471
    PLANET HOME LENDING, LLC 14 5.57% $4,531
    United Community Bank 13 6.34% $8,392
    MORTGAGE SOLUTIONS OF COLORADO, LLC 13 6.85% $6,144
    Barrington Bank & Trust Company, N.A. 13 6.36% $7,904
    CMG MORTGAGE, INC. 12 5.82% $6,569
    KBHS HOME LOANS, LLC 11 5.56% $4,422
    Lakeview Community Capital, LLC 11 5.57% $6,068
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 11 6.49% $10,361
    NFM, INC. 11 6.24% $8,960
    First Federal Bank 10 5.63% $7,305
    First Heritage Mortgage, LLC 9 6.07% $7,287
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 5.71% $3,886
    South Pacific Financial Corporation 9 5.54% $6,404
    T2 FINANCIAL LLC 9 6.46% $7,089
    TBI MORTGAGE COMPANY 9 5.92% $10,683
    FBC MORTGAGE, LLC 9 5.62% $8,344
    PENTAGON FEDERAL CREDIT UNION 9 5.86% $10,118
    BROKER SOLUTIONS, INC. 9 6.54% $10,784
    Mid-Continent Funding, Inc. 9 6.05% $9,775
    NBKC BANK 9 5.71% $6,461
    First-Citizens Bank & Trust Company 8 5.94% $5,518
    EQUITY RESOURCES, INC. 8 6.41% $5,715
    Credence Funding Corporation 8 5.50% $7,408
    CITY FIRST MORTGAGE SERVICES, L.L.C. 8 6.25% $11,070
    MUTUAL OF OMAHA MORTGAGE, INC. 8 5.91% $8,857
    Corporate Investors Mortgage Group, Inc. 7 5.86% $8,011
    CLEARPATH LENDING 7 6.03% $6,936
    SeaTrust Mortgage Company 6 6.33% $8,174
    FIRST EQUITY MORTGAGE INCORPORATED 6 5.77% $6,115
    Paramount Residential Mortgage Group, Inc. 6 6.27% $8,079
    SFMC, LP 6 6.69% $8,946
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.50% $4,537
    AmeriHome Mortgage Company, LLC 6 6.10% $5,272
    Ameris Bank 6 5.96% $10,812
    JET HOMELOANS, LLC 6 5.57% $7,371
    Alcova Mortgage LLC 6 6.29% $10,806
    The Central Trust Bank 6 6.19% $12,107
    Flagstar Bank, FSB 6 6.08% $7,691
    SUMMIT FUNDING, INC. 5 6.47% $7,493
    AMERISAVE MORTGAGE CORPORATION 5 5.58% $26,988
    CARDINAL FINANCIAL 5 6.83% $7,592
    Fifth Third Bank 5 6.55% $7,544
    Wells Fargo Bank 5 6.40% $4,971
    HOMESPIRE MORTGAGE CORPORATION 5 6.43% $3,969
    HOWARD HANNA FINANCIAL SERVICES, INC. 4 6.09% $11,839
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 5.46% $7,920
    RELIANCE FIRST CAPITAL, LLC 4 6.84% $7,924
    GUILD MORTGAGE COMPANY 4 6.66% $7,050
    RESOURCE FINANCIAL SERVICES, INC. 4 6.22% $5,351
    EMM LOANS LLC 4 5.94% $13,511
    SUN WEST MORTGAGE COMPANY, INC. 4 5.98% $9,879
    VERITAS FUNDING, LLC 3 6.37% $21,271
    BAY EQUITY LLC 3 6.54% $4,998
    Bank of America 3 6.42% $7,782
    HOMESIDE FINANCIAL, LLC 3 6.38% $21,202
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.75% $10,476
    Strong Home Mortgage, LLC 3 5.91% $12,465
    M/I FINANCIAL, LLC 3 6.08% $7,514
    Nations Lending Corporation 3 6.17% $12,025
    PHH Mortgage Corporation 3 6.87% $4,485
    FIRST COMMUNITY MORTGAGE, INC. 3 5.63% $13,075
    STOCKTON MORTGAGE CORPORATION 2 6.63% $10,021
    MILEND, INC. 2 6.13% $21,080
    LOANPAL, LLC 2 5.81% $8,399
    CHURCHILL MORTGAGE CORPORATION 2 7.19% $11,795
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.50% $4,250
    Armed Forces Bank 2 6.19% $5,560
    JPMorgan Chase Bank 2 6.12% $12,391
    INTERCOASTAL MORTGAGE COMPANY 2 6.75% $4,841
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.56% $4,117
    PLAZA HOME MORTGAGE, INC. 2 5.63% $5,376
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $1,870
    The Loan Store, Inc. 2 5.75% $7,034
    Atlantic Coast Mortgage, LLC 2 6.81% $18,719
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.75% $21,598
    PREMIA MORTGAGE, LLC 2 5.93% $0
    V.I.P. MORTGAGE, INC. 2 6.25% $4,166
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.44% $3,342
    MORTGAGEONE, INC. 2 7.31% $934
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.75% $11,617
    NBH Bank 1 6.75% $2,059
    ALLIANT CREDIT UNION 1 5.63% $3,898
    ALLIED MORTGAGE GROUP, INC. 1 5.75% $9,556
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $26,310
    AMERICAN FINANCING CORPORATION 1 6.13% $10,906
    American Mortgage & Equity Consultants, Inc. 1 6.75% $6,887
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.13% $14,663
    AmRes Corporation 1 6.75% $23,290
    Atlantic Union Bank 1 5.13% $9,857
    AXIA FINANCIAL, LLC 1 6.75% $9,228
    Bank of England 1 6.25% $22,051
    Blue Ridge Bank 1 7.13% $6,188
    CAPITAL CENTER, L.L.C. 1 5.63% $0
    Century Mortgage Company DBA Century Lending Company 1 4.75% $11,061
    Cornerstone First Mortgage, Inc 1 5.75% $5,408
    DAS Acquisition Company, LLC 1 6.25% $5,974
    DELMAR FINANCIAL COMPANY 1 6.75% $31
    DIRECTIONS EQUITY, LLC 1 6.25% $7,834
    EMBRACE HOME LOANS, INC. 1 6.75% $3,921
    Equity Prime Mortgage LLC 1 6.75% $10,335
    EVERETT FINANCIAL, INC. 1 5.63% $10,902
    FirstBank 1 6.63% $3,794
    First Federal Bank of Kansas City 1 6.50% $9,883
    First National Bank of Pennsylvania 1 5.63% $3,350
    FLAT BRANCH MORTGAGE, INC. 1 6.63% $4,129
    GUARANTEED RATE AFFINITY, LLC 1 5.88% $4,847
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $7,440
    Integrity Home Mortgage Corp 1 6.63% $9,759
    JAMS-01, INC. 1 6.25% $14,014
    LADERA LENDING, INC. 1 5.75% $14,014
    LEADERONE FINANCIAL CORPORATION 1 7.25% $4,746
    LOANFLIGHT LENDING, LLC 1 5.99% $3,779
    Magnolia Bank 1 6.63% $11,494
    Meridian Bank Corporation 1 5.63% $8,874
    MLD MORTGAGE INC. 1 6.25% $18,270
    MORIA DEVELOPMENT, INC. 1 6.25% $3,863
    NATION ONE MORTGAGE CORPORATION 1 5.75% $16,352
    Advance Financial Group, LLC 1 5.88% $23,523
    NETWORK CAPITAL FUNDING CORPORATION 1 5.50% $25,196
    Northpointe Bank 1 6.75% $3,817
    NORWICH COMMERCIAL GROUP, INC. 1 5.50% $9,824
    Plains Commerce Bank 1 5.25% $2,678
    PREMIER LENDING, INC. 1 6.75% $7,227
    Presidential Bank, FSB 1 6.50% $8,874
    Residential Acceptance Corporation 1 7.50% $9,689
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.75% $3,186
    Sierra Pacific Mortgage Company, Inc. 1 5.75% $14,231
    SOUTHERN TRUST MORTGAGE, LLC 1 6.63% $15,766
    The Fidelity Bank 1 6.63% $4,637
    VAN DYK MORTGAGE CORPORATION 1 6.63% $5,568
    Vellum Mortgage, Inc. 1 5.99% $13,425
    Watermark Capital, Inc. 1 5.75% $10,821
    Waterstone Mortgage Corporation 1 7.00% $4,120

    The top Raleigh VA lender as defined by loan originations is Mortgage Research Center, LLC, with 249 VA loans originated. Their average total fees are $8,273, which is $1,275 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Raleigh VA lenders (with over 10 loans originated) are KBHS HOME LOANS, LLC ($4,422), PLANET HOME LENDING, LLC ($4,531), VELOCIO MORTGAGE L.L.C. ($4,731), PULTE MORTGAGE LLC ($4,919) and NAVY FEDERAL CREDIT UNION ($5,065).

    The lowest rate Raleigh VA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. (4.99%), DHI MORTGAGE COMPANY, LTD. (5.19%), EAGLE HOME MORTGAGE, LLC (5.55%), KBHS HOME LOANS, LLC (5.56%) and Lakeview Community Capital, LLC (5.57%).

    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.