Lowest closing cost mortgage lenders in Newport News city County, Virginia
In Newport News city, Virginia, homebuyers paid a median of $7,893 in closing costs in 2024 — above the Virginia median of $6,913. The county saw 1,770 purchase mortgages at a median rate of 6.52%. Among lenders with 10+ originations, Bank of America, National Association offered the lowest median costs at $2,579, which is $2,833 less than the county median.
Homebuyers in Newport News city County who chose Bank of America, National Association paid $5,314 less in closing costs than the county median.
County Median Costs
$7,893
+14.2% vs Virginia ($6,913)
Median Rate
6.520%
−1.5% vs national (6.620%)
Median Origination
$1,895
Purchase Originations
1,770
vs Virginia Median
14.2% above
$980
vs National Median
17.1% above
$1,152
Lender rankings in Newport News city County
22 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,579 | 5.875% | $1,379 | 15 | −$2,833 | |
| 2 | $3,707 | 6.500% | $1,334 | 24 | −$1,705 | |
| 3 | $3,727 | 5.500% | $995 | 37 | −$1,685 | |
| 4 | $3,930 | 6.990% | $1,390 | 10 | −$1,482 | |
| 5 | $4,284 | 6.750% | $2,384 | 25 | −$1,128 | |
| 6 | $4,668 | 6.562% | $1,799 | 32 | −$744 | |
| 7 | $5,870 | 6.750% | $3,850 | 24 | +$458 | |
| 8 | $6,052 | 6.625% | $3,447 | 23 | +$640 | |
| 9 | $6,264 | 6.999% | $3,065 | 29 | +$852 | |
| 10 | $6,509 | 6.625% | $3,992 | 16 | +$1,097 | |
| 11 | $6,640 | 6.625% | $3,917 | 39 | +$1,228 | |
| 12 | $6,712 | 6.500% | $4,230 | 21 | +$1,300 | |
| 13 | $7,191 | 6.875% | $4,331 | 64 | +$1,779 |
Includes lenders with 10+ purchase originations in Newport News city County. Source: HMDA 2024. Sorted by median total loan costs.
View detailed closing cost breakdowns and user reviews for lenders in Virginia → Lender Directory
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.