The state of North Carolina outlined with the state flag overlaid on top of it

North Carolina

VA Loans in North Carolina

The VA Loan is one of the most powerful tools available exclusively for military families and veterans. In North Carolina, veterans and active-duty military have been taking advantage of the benefits of the VA Loan in cities such as Charlotte, Raleigh, Greensboro, Durham, and Winston-Salem.

The cost of homes across the United States has been steadily increasing in recent years. With a $0 down payment requirement, no PMI, lower interest rates, and a more relaxed credit score requirement, the VA Loan is making homeownership a reality for more military families and veterans in North Carolina now than ever before.

Median Sale Price of Homes in North Carolina*











North Carolina Statewide Average


*Data pulled from Redfin (April 2022)


Property Taxes in North Carolina

In the state of North Carolina, property taxes are slightly lower than the national average of 1.07% with a rate of 0.77%, according to SmartAsset. Property tax assessments happen each year on January 1st and the bills are sent a few months later with a due date of September 1 every year. There are several tax exemptions in North Carolina that you may be eligible to take advantage of including for low-income seniors, disabled residents, disabled veterans, and more.

VA Disability in North Carolina

Common property tax exemptions are reserved for veterans, disabled veterans, seniors over the age of 65, and more. Since these exemptions can vary by county and state and often have strict qualification standards, not every veteran or homeowner qualifies, but those that do are able to reap the benefits of significant savings.

Disabled veterans in North Carolina that have a 100% service-connected disability can get a full property tax exemption on their primary residence of up to the first $45,000 of the appraised value.

Since these rates can vary based on location (i.e., exemptions in Charlotte may be different from those in Winston-Salem and Greensboro), you’ll want to contact your local municipal tax assessor’s office.

Insurance Programs in North Carolina

Natural disasters can happen anytime and are often unexpected or occur suddenly which makes it critical that you and your family are sufficiently covered. The most common natural disasters in North Carolina that homeowners are insured against include wildfires, tornadoes, and windstorms. The best way to ensure you’re getting the best coverage for your location; we recommend you consult with a licensed insurance company.

Military Presence in North Carolina

North Carolina is home to eight military bases with almost every military branch represented. Since there are over half a dozen military bases in North Carolina and every branch of the military except for the Navy has a base in the state, thousands of veterans call it home.

VA Home Loan Volume in 2021 in North Carolina*

Total Loans


Average Loan Amount


Total Loan Amount (ALL)


Total Purchase Loans


Total Purchase Loans %


Total IRRRL Loans


Total IRRRL Loans %


Total Cash-Out Loans


Total Cash-Out Loans %


*Data pulled from the Department of Veterans Affairs (April 2022)

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FAQ’s about VA Loans in North Carolina

How do I buy a house in North Carolina? The best way to get started is to give us a call or fill out this form to get started!

How do I find more information about property taxes and exemptions for veterans in North Carolina? Click here to read more details regarding major property tax exemptions in every state.

What are the average interest rates in North Carolina? Interest rates for VA Loans are often lower than the national average rates for conventional loans. Click here to learn more about interest rates.