Charleston VA Loan Rates, Closing Costs & Stats

Charleston-Mattoon, IL

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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.

    Charleston's 18 lenders originated 42 VA loans during 2023. The total origination value was $6,920,000, with an average VA loan value of $164,762.

    Charleston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Charleston averaged 6.74% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Charleston's average VA mortgage closing costs are $3,892.

    The average rate for the prior week (2025-02-07) was 6.58% and one month ago for the week of 2025-01-10, the average rate was 6.91%.

    The average rate one year ago was 6.44%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

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

    Charleston 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 Charleston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 19 6.84% $4,229
    NAVY FEDERAL CREDIT UNION 3 5.50% $4,020
    UNITED WHOLESALE MORTGAGE, LLC 2 7.13% $2,866
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $1,754
    First Financial Bank 1 6.75% $3,118
    FLAT BRANCH MORTGAGE, INC. 1 6.25% $2,672
    FREEDOM MORTGAGE CORPORATION 1 7.75% $7,601
    GUARANTEED RATE, INC. 1 7.75% $1,425
    PENNYMAC LOAN SERVICES, LLC 1 5.75% $5,654
    RUOFF MORTGAGE COMPANY, INC. 1 6.75% $1,964
    Servion, Inc. 1 7.00% $2,382
    The Federal Savings Bank 1 5.75% $14,947
    TOP FLITE FINANCIAL, INC. 1 6.50% $2,257
    USAA Federal Savings Bank 1 6.25% $14,036
    Barrington Bank & Trust Company, N.A. 1 6.75% $2,568
    VILLAGE CAPITAL MORTGAGE 1 5.75% $6,984
    Citizens Bank 1 6.25% $4,206
    CROSSCOUNTRY MORTGAGE, LLC 1 5.69% $7,299

    The top Charleston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 19 VA loans originated. Their average total fees are $4,229, which is $208 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Charleston VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,229), .

    The lowest rate Charleston VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.84%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Charleston (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 $79,900 (0.0%) $116,210 (9.2%) 0.00 211
    2018-02-01 $79,900 (-3.4%) $113,290 (0.8%) 0.00 226
    2018-03-01 $84,250 (-0.5%) $117,764 (3.9%) 0.00 243
    2018-04-01 $89,250 (6.6%) $122,585 (9.2%) 0.00 247
    2018-05-01 $90,550 (13.3%) $121,626 (9.3%) 0.00 254
    2018-06-01 $95,000 (17.3%) $121,778 (5.7%) 0.00 276
    2018-07-01 $93,900 (10.9%) $119,170 (-2.1%) 0.00 294
    2018-08-01 $92,850 (9.8%) $119,307 (-3.9%) 0.00 302
    2018-09-01 $89,900 (6.5%) $117,708 (-4.7%) 0.00 297
    2018-10-01 $86,150 (7.8%) $115,839 (-1.8%) 0.00 273
    2018-11-01 $89,800 (8.0%) $117,127 (-1.9%) 0.00 268
    2018-12-01 $85,000 (6.4%) $114,309 (-3.5%) 0.00 256
    2019-01-01 $83,650 (4.7%) $111,885 (-3.7%) 0.00 253
    2019-02-01 $83,900 (5.0%) $114,055 (0.7%) 0.00 257
    2019-03-01 $85,714 (1.7%) $118,112 (0.3%) 0.00 241
    2019-04-01 $86,250 (-3.4%) $120,833 (-1.4%) 0.00 222
    2019-05-01 $92,225 (1.9%) $126,545 (4.0%) 0.00 219
    2019-06-01 $94,000 (-1.1%) $124,049 (1.9%) 0.00 227
    2019-07-01 $99,125 (5.6%) $122,318 (2.6%) 0.00 269
    2019-08-01 $101,600 (9.4%) $120,754 (1.2%) 0.00 273
    2019-09-01 $104,750 (16.5%) $120,210 (2.1%) 0.00 270
    2019-10-01 $106,000 (23.0%) $119,717 (3.4%) 0.00 263
    2019-11-01 $96,750 (7.7%) $117,082 (0.0%) 0.00 241
    2019-12-01 $89,900 (5.8%) $114,294 (0.0%) 0.00 230
    2020-01-01 $89,500 (7.0%) $114,607 (2.4%) 0.00 214
    2020-02-01 $89,500 (6.7%) $112,168 (-1.7%) 0.00 202
    2020-03-01 $99,500 (16.1%) $119,981 (1.6%) 0.00 194
    2020-04-01 $95,450 (10.7%) $121,188 (0.3%) 0.00 189
    2020-05-01 $94,450 (2.4%) $123,930 (-2.1%) 0.00 175
    2020-06-01 $97,400 (3.6%) $122,054 (-1.6%) 0.00 165
    2020-07-01 $92,750 (-6.4%) $119,791 (-2.1%) 0.00 170
    2020-08-01 $92,250 (-9.2%) $116,050 (-3.9%) 0.00 163
    2020-09-01 $89,225 (-14.8%) $111,062 (-7.6%) 0.00 145
    2020-10-01 $87,000 (-17.9%) $113,473 (-5.2%) 0.00 147
    2020-11-01 $84,700 (-12.5%) $106,268 (-9.2%) 0.00 152
    2020-12-01 $80,175 (-10.8%) $101,426 (-11.3%) 0.00 126
    2021-01-01 $79,000 (-11.7%) $101,619 (-11.3%) 0.00 114
    2021-02-01 $83,800 (-6.4%) $108,978 (-2.8%) 0.00 98
    2021-03-01 $84,900 (-14.7%) $117,327 (-2.2%) 0.00 91
    2021-04-01 $87,925 (-7.9%) $124,159 (2.5%) 0.00 79
    2021-05-01 $84,900 (-10.1%) $127,318 (2.7%) 0.00 65
    2021-06-01 $84,900 (-12.8%) $130,020 (6.5%) 0.00 73
    2021-07-01 $84,900 (-8.5%) $125,271 (4.6%) 0.00 78
    2021-08-01 $79,975 (-13.3%) $113,839 (-1.9%) 0.00 85
    2021-09-01 $79,500 (-10.9%) $114,198 (2.8%) 0.00 77
    2021-10-01 $82,000 (-5.8%) $138,755 (22.3%) 0.00 87
    2021-11-01 $84,925 (0.3%) $139,116 (30.9%) 0.00 96
    2021-12-01 $84,425 (5.3%) $138,395 (36.5%) 0.00 75
    2022-01-01 $81,000 (2.5%) $134,567 (32.4%) 0.00 71
    2022-02-01 $74,925 (-10.6%) $125,657 (15.3%) 0.00 73
    2022-03-01 $70,675 (-16.8%) $131,671 (12.2%) 0.00 71
    2022-04-01 $77,000 (-12.4%) $142,902 (15.1%) 0.00 64
    2022-05-01 $84,925 (0.0%) $151,963 (19.4%) 0.00 62
    2022-06-01 $75,750 (-10.8%) $149,386 (14.9%) 0.00 56
    2022-07-01 $84,700 (-0.2%) $137,184 (9.5%) 0.00 64
    2022-08-01 $84,925 (6.2%) $162,116 (42.4%) 0.00 67
    2022-09-01 $89,675 (12.8%) $179,438 (57.1%) 0.00 71
    2022-10-01 $107,450 (31.0%) $177,352 (27.8%) 0.00 81
    2022-11-01 $109,500 (28.9%) $172,543 (24.0%) 0.00 74
    2022-12-01 $114,900 (36.1%) $190,147 (37.4%) 0.00 72
    2023-01-01 $121,800 (50.4%) $215,348 (60.0%) 0.00 69
    2023-02-01 $113,650 (51.7%) $218,230 (73.7%) 0.00 55
    2023-03-01 $134,725 (90.6%) $237,550 (80.4%) 0.00 53
    2023-04-01 $130,000 (68.8%) $239,387 (67.5%) 0.00 46
    2023-05-01 $139,950 (64.8%) $227,906 (50.0%) 0.00 44
    2023-06-01 $158,250 (108.9%) $239,989 (60.7%) 0.00 38
    2023-07-01 $155,000 (83.0%) $219,743 (60.2%) 0.00 44
    2023-08-01 $162,225 (91.0%) $232,431 (43.4%) 0.00 50
    2023-09-01 $144,500 (61.1%) $192,844 (7.5%) 0.00 61
    2023-10-01 $134,925 (25.6%) $171,180 (-3.5%) 0.00 64
    2023-11-01 $152,400 (39.2%) $172,971 (0.3%) 0.00 60
    2023-12-01 $136,500 (18.8%) $164,474 (-13.5%) 0.00 48
    2024-01-01 $109,250 (-10.3%) $154,647 (-28.2%) 0.00 33
    2024-02-01 $128,750 (13.3%) $163,386 (-25.1%) 0.00 37
    2024-03-01 $109,000 (-19.1%) $158,070 (-33.5%) 0.00 45
    2024-04-01 $105,000 (-19.2%) $136,267 (-43.1%) 0.00 41
    2024-05-01 $114,900 (-17.9%) $150,524 (-34.0%) 0.00 34
    2024-06-01 $124,900 (-21.1%) $162,113 (-32.5%) 0.00 41
    2024-07-01 $129,600 (-16.4%) $159,214 (-27.6%) 0.00 45
    2024-08-01 $131,250 (-19.1%) $154,961 (-33.3%) 0.00 46
    2024-09-01 $129,600 (-10.3%) $162,599 (-15.7%) 0.00 54
    2024-10-01 $142,700 (5.8%) $175,146 (2.3%) 0.00 55
    2024-11-01 $144,900 (-4.9%) $188,229 (8.8%) 0.00 65
    2024-12-01 $145,000 (6.2%) $192,905 (17.3%) 0.00 62
    2025-01-01 $144,400 (32.2%) $188,777 (22.1%) 0.00 60
    Charleston's median listing price for 2025-01-01 was $144,400, a difference of $35,150 (32.2%) versus the prior year and $-600 versus the prior month.

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

    Charleston's average listing price for 2025-01-01 was $188,777, a difference of $34,130 (22.1%) versus the prior year and $-4,128 versus the prior month.

    For the 2025-01-01 period, Charleston had 60 MLS listings, a difference of -2 listings (-3%) versus the prior month and 27 listings (82%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Charleston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,566 sqft
    2018-02-01 0 days 1,561 sqft
    2018-03-01 0 days 1,550 sqft
    2018-04-01 0 days 1,599 sqft
    2018-05-01 0 days 1,629 sqft
    2018-06-01 0 days 1,660 sqft
    2018-07-01 0 days 1,650 sqft
    2018-08-01 0 days 1,662 sqft
    2018-09-01 0 days 1,656 sqft
    2018-10-01 0 days 1,602 sqft
    2018-11-01 0 days 1,592 sqft
    2018-12-01 0 days 1,564 sqft
    2019-01-01 0 days 1,562 sqft
    2019-02-01 0 days 1,576 sqft
    2019-03-01 0 days 1,578 sqft
    2019-04-01 0 days 1,564 sqft
    2019-05-01 0 days 1,608 sqft
    2019-06-01 0 days 1,587 sqft
    2019-07-01 0 days 1,609 sqft
    2019-08-01 0 days 1,580 sqft
    2019-09-01 0 days 1,588 sqft
    2019-10-01 0 days 1,609 sqft
    2019-11-01 0 days 1,625 sqft
    2019-12-01 0 days 1,624 sqft
    2020-01-01 0 days 1,628 sqft
    2020-02-01 0 days 1,614 sqft
    2020-03-01 0 days 1,658 sqft
    2020-04-01 0 days 1,668 sqft
    2020-05-01 0 days 1,670 sqft
    2020-06-01 0 days 1,705 sqft
    2020-07-01 0 days 1,684 sqft
    2020-08-01 0 days 1,626 sqft
    2020-09-01 0 days 1,573 sqft
    2020-10-01 0 days 1,558 sqft
    2020-11-01 0 days 1,453 sqft
    2020-12-01 0 days 1,468 sqft
    2021-01-01 0 days 1,427 sqft
    2021-02-01 0 days 1,525 sqft
    2021-03-01 0 days 1,568 sqft
    2021-04-01 0 days 1,663 sqft
    2021-05-01 0 days 1,622 sqft
    2021-06-01 0 days 1,490 sqft
    2021-07-01 0 days 1,450 sqft
    2021-08-01 0 days 1,374 sqft
    2021-09-01 0 days 1,430 sqft
    2021-10-01 0 days 1,376 sqft
    2021-11-01 0 days 1,421 sqft
    2021-12-01 0 days 1,394 sqft
    2022-01-01 0 days 1,285 sqft
    2022-02-01 0 days 1,248 sqft
    2022-03-01 0 days 1,214 sqft
    2022-04-01 0 days 1,245 sqft
    2022-05-01 0 days 1,407 sqft
    2022-06-01 0 days 1,443 sqft
    2022-07-01 0 days 1,452 sqft
    2022-08-01 0 days 1,721 sqft
    2022-09-01 0 days 2,002 sqft
    2022-10-01 0 days 1,894 sqft
    2022-11-01 0 days 1,491 sqft
    2022-12-01 0 days 1,632 sqft
    2023-01-01 0 days 1,660 sqft
    2023-02-01 0 days 1,660 sqft
    2023-03-01 0 days 1,680 sqft
    2023-04-01 0 days 1,696 sqft
    2023-05-01 0 days 1,668 sqft
    2023-06-01 0 days 1,743 sqft
    2023-07-01 0 days 2,005 sqft
    2023-08-01 0 days 1,721 sqft
    2023-09-01 0 days 1,728 sqft
    2023-10-01 0 days 1,564 sqft
    2023-11-01 0 days 1,576 sqft
    2023-12-01 0 days 1,536 sqft
    2024-01-01 0 days 1,523 sqft
    2024-02-01 0 days 1,935 sqft
    2024-03-01 0 days 1,645 sqft
    2024-04-01 0 days 1,561 sqft
    2024-05-01 0 days 1,536 sqft
    2024-06-01 0 days 1,566 sqft
    2024-07-01 0 days 1,638 sqft
    2024-08-01 0 days 1,600 sqft
    2024-09-01 0 days 1,610 sqft
    2024-10-01 0 days 1,788 sqft
    2024-11-01 0 days 1,694 sqft
    2024-12-01 0 days 1,629 sqft
    2025-01-01 0 days 1,586 sqft
    Charleston's median listing age (time on market) for 2025-01-01 was 0 days.

    Charleston's median square footage for active listings during the 2025-01-01 period was 1,586 sqft. One year prior, the average listing was 1,523 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.