Bennettsville VA Loan Rates, Closing Costs & Stats

Bennettsville, SC

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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.

    Bennettsville's 10 lenders originated 17 VA loans during 2023. The total origination value was $2,985,000, with an average VA loan value of $175,588.

    Bennettsville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bennettsville averaged 7.16% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Bennettsville's average VA mortgage closing costs are $3,954.

    The average rate for the prior week (2024-04-12) was 7.09% and one month ago for the week of 2024-03-15, the average rate was 6.75%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Bennettsville 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 Bennettsville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 6 7.44% $2,482
    QUICKEN LOANS, LLC 2 6.18% $4,265
    GUILD MORTGAGE COMPANY 1 3.88% $569
    INTERCOASTAL MORTGAGE COMPANY 1 7.50% $14,904
    NAVY FEDERAL CREDIT UNION 1 6.00% $3,887
    NEW DAY FINANCIAL, LLC 1 7.75% $7,001
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $3,553
    Barrington Bank & Trust Company, N.A. 1 7.75% $4,487
    THRIVE MORTGAGE, LLC 1 6.63% $6,341
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $3,557

    The top Bennettsville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6 VA loans originated. Their average total fees are $2,482, which is $1,784 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Bennettsville VA lenders (with over 10 loans originated) are .

    The lowest rate Bennettsville VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bennettsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $109,300 (43.3%) $160,298 (37.7%) 0.00 31
    2018-02-01 $111,950 (43.3%) $159,187 (28.6%) 0.00 35
    2018-03-01 $95,000 (20.7%) $152,441 (29.0%) 0.00 35
    2018-04-01 $102,200 (-7.1%) $141,758 (16.1%) 0.00 39
    2018-05-01 $92,600 (-8.8%) $156,313 (26.8%) 0.00 43
    2018-06-01 $90,000 (9.6%) $153,209 (37.6%) 0.00 45
    2018-07-01 $101,750 (24.1%) $149,157 (32.6%) 0.00 44
    2018-08-01 $82,700 (2.2%) $158,011 (36.9%) 0.00 45
    2018-09-01 $85,000 (0.1%) $161,975 (16.4%) 0.00 43
    2018-10-01 $94,500 (15.7%) $156,126 (11.9%) 0.00 43
    2018-11-01 $112,300 (33.8%) $156,253 (13.0%) 0.00 38
    2018-12-01 $74,700 (-21.3%) $137,528 (-8.0%) 0.00 34
    2019-01-01 $80,950 (-25.9%) $138,411 (-13.7%) 0.00 34
    2019-02-01 $67,000 (-40.2%) $106,959 (-32.8%) 0.00 42
    2019-03-01 $79,000 (-16.8%) $115,626 (-24.2%) 0.00 48
    2019-04-01 $85,250 (-16.6%) $123,509 (-12.9%) 0.00 54
    2019-05-01 $77,100 (-16.7%) $119,913 (-23.3%) 0.00 58
    2019-06-01 $73,250 (-18.6%) $118,209 (-22.8%) 0.00 55
    2019-07-01 $69,250 (-31.9%) $125,262 (-16.0%) 0.00 49
    2019-08-01 $63,500 (-23.2%) $115,168 (-27.1%) 0.00 55
    2019-09-01 $61,250 (-27.9%) $112,090 (-30.8%) 0.00 57
    2019-10-01 $60,625 (-35.9%) $112,092 (-28.2%) 0.00 58
    2019-11-01 $74,700 (-33.5%) $111,612 (-28.6%) 0.00 60
    2019-12-01 $89,900 (20.4%) $113,398 (-17.6%) 0.00 60
    2020-01-01 $89,900 (11.1%) $112,767 (-18.5%) 0.00 55
    2020-02-01 $71,000 (6.0%) $99,685 (-6.8%) 0.00 59
    2020-03-01 $89,500 (13.3%) $108,099 (-6.5%) 0.00 52
    2020-04-01 $82,250 (-3.5%) $108,418 (-12.2%) 0.00 46
    2020-05-01 $85,700 (11.2%) $120,256 (0.3%) 0.00 46
    2020-06-01 $85,125 (16.2%) $116,747 (-1.2%) 0.00 51
    2020-07-01 $79,900 (15.4%) $116,489 (-7.0%) 0.00 55
    2020-08-01 $89,750 (41.3%) $136,062 (18.1%) 0.00 49
    2020-09-01 $115,200 (88.1%) $148,462 (32.5%) 0.00 45
    2020-10-01 $124,500 (105.4%) $218,920 (95.3%) 0.00 44
    2020-11-01 $142,425 (90.7%) $243,109 (117.8%) 0.00 44
    2020-12-01 $131,000 (45.7%) $234,917 (107.2%) 0.00 39
    2021-01-01 $121,750 (35.4%) $236,006 (109.3%) 0.00 36
    2021-02-01 $144,000 (102.8%) $242,513 (143.3%) 0.00 31
    2021-03-01 $159,000 (77.7%) $248,039 (129.5%) 0.00 30
    2021-04-01 $139,450 (69.5%) $252,496 (132.9%) 0.00 29
    2021-05-01 $134,500 (56.9%) $259,352 (115.7%) 0.00 31
    2021-06-01 $129,500 (52.1%) $257,443 (120.5%) 0.00 33
    2021-07-01 $129,450 (62.0%) $262,026 (124.9%) 0.00 37
    2021-08-01 $125,925 (40.3%) $172,248 (26.6%) 0.00 37
    2021-09-01 $137,725 (19.6%) $167,648 (12.9%) 0.00 32
    2021-10-01 $137,000 (10.0%) $152,153 (-30.5%) 0.00 31
    2021-11-01 $131,675 (-7.6%) $164,602 (-32.3%) 0.00 26
    2021-12-01 $129,800 (-0.9%) $158,184 (-32.7%) 0.00 23
    2022-01-01 $137,000 (12.5%) $159,310 (-32.5%) 0.00 20
    2022-02-01 $120,000 (-16.7%) $147,704 (-39.1%) 0.00 15
    2022-03-01 $130,000 (-18.2%) $165,386 (-33.3%) 0.00 25
    2022-04-01 $145,000 (4.0%) $181,568 (-28.1%) 0.00 21
    2022-05-01 $119,875 (-10.9%) $166,483 (-35.8%) 0.00 21
    2022-06-01 $125,000 (-3.5%) $165,952 (-35.5%) 0.00 23
    2022-07-01 $149,000 (15.1%) $176,274 (-32.7%) 0.00 25
    2022-08-01 $155,000 (23.1%) $185,885 (7.9%) 0.00 27
    2022-09-01 $149,450 (8.5%) $181,383 (8.2%) 0.00 29
    2022-10-01 $149,450 (9.1%) $185,396 (21.9%) 0.00 34
    2022-11-01 $143,440 (8.9%) $190,857 (16.0%) 0.00 30
    2022-12-01 $149,450 (15.1%) $190,066 (20.2%) 0.00 27
    2023-01-01 $152,450 (11.3%) $190,373 (19.5%) 0.00 26
    2023-02-01 $144,125 (20.1%) $173,533 (17.5%) 0.00 24
    2023-03-01 $140,250 (7.9%) $174,678 (5.6%) 0.00 21
    2023-04-01 $127,170 (-12.3%) $156,061 (-14.1%) 0.00 22
    2023-05-01 $143,440 (19.7%) $161,542 (-3.0%) 0.00 23
    2023-06-01 $135,810 (8.7%) $158,455 (-4.5%) 0.00 26
    2023-07-01 $136,670 (-8.3%) $161,061 (-8.6%) 0.00 20
    2023-08-01 $124,900 (-19.4%) $152,018 (-18.2%) 0.00 21
    2023-09-01 $134,250 (-10.2%) $146,157 (-19.4%) 0.00 24
    2023-10-01 $149,000 (-0.3%) $142,878 (-22.9%) 0.00 22
    2023-11-01 $144,250 (0.6%) $135,511 (-29.0%) 0.00 24
    2023-12-01 $149,900 (0.3%) $145,853 (-23.3%) 0.00 19
    2024-01-01 $140,500 (-7.8%) $143,493 (-24.6%) 0.00 16
    2024-02-01 $128,500 (-10.8%) $140,330 (-19.1%) 0.00 18
    2024-03-01 $128,500 (-8.4%) $136,056 (-22.1%) 0.00 22
    Bennettsville's median listing price for 2024-03-01 was $128,500, a difference of $-11,750 (-8.4%) versus the prior year and $0 versus the prior month.

    Bennettsville's median listing price comes in at 0% of the national average.

    Bennettsville's average listing price for 2024-03-01 was $136,056, a difference of $-38,622 (-22.1%) versus the prior year and $-4,274 versus the prior month.

    For the 2024-03-01 period, Bennettsville had 22 MLS listings, a difference of 4 listings (22%) versus the prior month and 1 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bennettsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,889 sqft
    2018-02-01 0 days 1,871 sqft
    2018-03-01 0 days 1,782 sqft
    2018-04-01 0 days 1,861 sqft
    2018-05-01 0 days 1,778 sqft
    2018-06-01 0 days 1,876 sqft
    2018-07-01 0 days 1,943 sqft
    2018-08-01 0 days 1,799 sqft
    2018-09-01 0 days 1,808 sqft
    2018-10-01 0 days 1,801 sqft
    2018-11-01 0 days 1,815 sqft
    2018-12-01 0 days 1,804 sqft
    2019-01-01 0 days 1,825 sqft
    2019-02-01 0 days 1,741 sqft
    2019-03-01 0 days 1,797 sqft
    2019-04-01 0 days 1,782 sqft
    2019-05-01 0 days 1,755 sqft
    2019-06-01 0 days 1,737 sqft
    2019-07-01 0 days 1,705 sqft
    2019-08-01 0 days 1,654 sqft
    2019-09-01 0 days 1,638 sqft
    2019-10-01 0 days 1,627 sqft
    2019-11-01 0 days 1,700 sqft
    2019-12-01 0 days 1,748 sqft
    2020-01-01 0 days 1,748 sqft
    2020-02-01 0 days 1,683 sqft
    2020-03-01 0 days 1,767 sqft
    2020-04-01 0 days 1,718 sqft
    2020-05-01 0 days 1,718 sqft
    2020-06-01 0 days 1,635 sqft
    2020-07-01 0 days 1,651 sqft
    2020-08-01 0 days 1,752 sqft
    2020-09-01 0 days 1,971 sqft
    2020-10-01 0 days 2,000 sqft
    2020-11-01 0 days 2,200 sqft
    2020-12-01 0 days 1,690 sqft
    2021-01-01 0 days 1,544 sqft
    2021-02-01 0 days 1,692 sqft
    2021-03-01 0 days 1,752 sqft
    2021-04-01 0 days 1,823 sqft
    2021-05-01 0 days 1,925 sqft
    2021-06-01 0 days 1,878 sqft
    2021-07-01 0 days 1,735 sqft
    2021-08-01 0 days 1,818 sqft
    2021-09-01 0 days 1,800 sqft
    2021-10-01 0 days 1,600 sqft
    2021-11-01 0 days 1,735 sqft
    2021-12-01 0 days 1,753 sqft
    2022-01-01 0 days 1,602 sqft
    2022-02-01 0 days 1,508 sqft
    2022-03-01 0 days 1,589 sqft
    2022-04-01 0 days 1,936 sqft
    2022-05-01 0 days 1,581 sqft
    2022-06-01 0 days 1,643 sqft
    2022-07-01 0 days 1,898 sqft
    2022-08-01 0 days 1,843 sqft
    2022-09-01 0 days 1,822 sqft
    2022-10-01 0 days 1,831 sqft
    2022-11-01 0 days 1,886 sqft
    2022-12-01 0 days 1,771 sqft
    2023-01-01 0 days 1,728 sqft
    2023-02-01 0 days 1,680 sqft
    2023-03-01 0 days 1,749 sqft
    2023-04-01 0 days 1,736 sqft
    2023-05-01 0 days 1,718 sqft
    2023-06-01 0 days 1,718 sqft
    2023-07-01 0 days 1,705 sqft
    2023-08-01 0 days 1,778 sqft
    2023-09-01 0 days 1,486 sqft
    2023-10-01 0 days 1,624 sqft
    2023-11-01 0 days 1,556 sqft
    2023-12-01 0 days 1,625 sqft
    2024-01-01 0 days 1,578 sqft
    2024-02-01 0 days 1,610 sqft
    2024-03-01 0 days 1,620 sqft
    Bennettsville's median listing age (time on market) for 2024-03-01 was 0 days.

    Bennettsville's median square footage for active listings during the 2024-03-01 period was 1,620 sqft. One year prior, the average listing was 1,749 sqft.

    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.