Charleston VA Loan Rates, Closing Costs & Stats

CHARLESTON, WV

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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 36 lenders originated 199 VA loans during 2023. The total origination value was $41,385,000, with an average VA loan value of $207,965.

    Charleston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Charleston averaged 6.76% 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 $4,627.

    The average rate for the prior week (2025-02-07) was 6.4% and one month ago for the week of 2025-01-10, the average rate was 6.43%.

    The average rate one year ago was 6.46%.

    For refis of the same type during the week of 2025-02-14, the average rate was 7.37%.

    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 55 6.91% $4,106
    QUICKEN LOANS, LLC 18 6.51% $6,885
    LOANDEPOT.COM, LLC 13 6.73% $7,981
    NAVY FEDERAL CREDIT UNION 10 5.99% $6,020
    Gateway First Bank 10 6.84% $4,794
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.90% $3,606
    CROSSCOUNTRY MORTGAGE, LLC 6 7.17% $5,919
    PENNYMAC LOAN SERVICES, LLC 6 5.13% $7,233
    GUARANTEED RATE, INC. 6 7.17% $5,279
    Barrington Bank & Trust Company, N.A. 6 6.40% $4,819
    MOVEMENT MORTGAGE, LLC 5 6.58% $4,669
    Victorian Finance, LLC 5 7.11% $3,482
    SUCCESS MORTGAGE PARTNERS, INC. 3 7.25% $6,141
    USAA Federal Savings Bank 3 6.46% $4,198
    JPMorgan Chase Bank 3 6.38% $3,756
    FREEDOM MORTGAGE CORPORATION 3 6.75% $17,155
    Wells Fargo Bank 2 7.00% $11,785
    U.S. Bank 2 6.31% $6,563
    AMERISAVE MORTGAGE CORPORATION 2 6.25% $9,166
    UNITED WHOLESALE MORTGAGE, LLC 2 7.52% $4,678
    UNION HOME MORTGAGE CORP. 2 6.94% $9,208
    T2 FINANCIAL LLC 2 7.06% $3,340
    The Huntington National Bank 2 6.06% $7,433
    The Federal Savings Bank 2 6.13% $15,764
    HOMESPIRE MORTGAGE CORPORATION 2 6.75% $428
    NBKC BANK 1 6.63% $2,097
    Armed Forces Bank 1 6.25% $4,140
    BROKER SOLUTIONS, INC. 1 6.63% $7,771
    CMG MORTGAGE, INC. 1 5.25% $5,015
    Community First National Bank 1 7.13% $3,430
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $4,746
    American Mortgage & Equity Consultants, Inc. 1 7.75% $14,532
    Paramount Residential Mortgage Group, Inc. 1 6.38% $5,790
    PENTAGON FEDERAL CREDIT UNION 1 5.50% $5,130
    Truist 1 6.10% $3,256
    United Bank 1 6.13% $5,972

    The top Charleston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 55 VA loans originated. Their average total fees are $4,106, which is $2,778 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Charleston VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,106), Gateway First Bank ($4,794), NAVY FEDERAL CREDIT UNION ($6,020), QUICKEN LOANS, LLC ($6,885) and LOANDEPOT.COM, LLC ($7,981).

    The lowest rate Charleston VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.99%), QUICKEN LOANS, LLC (6.51%), LOANDEPOT.COM, LLC (6.73%), Gateway First Bank (6.84%) and Mortgage Research Center, LLC (6.91%).

    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 $136,250 (-1.5%) $213,938 (-0.2%) 0.51 1,039
    2018-02-01 $138,800 (-0.8%) $217,388 (-1.6%) 0.51 1,027
    2018-03-01 $139,900 (0.2%) $221,839 (-0.5%) 0.49 1,031
    2018-04-01 $145,000 (2.8%) $229,603 (0.9%) 0.49 1,062
    2018-05-01 $141,975 (1.5%) $225,352 (0.0%) 0.48 1,113
    2018-06-01 $142,950 (-1.4%) $225,923 (1.3%) 0.48 1,160
    2018-07-01 $145,000 (-1.5%) $227,877 (2.6%) 0.48 1,200
    2018-08-01 $145,000 (-2.3%) $229,173 (3.1%) 0.49 1,214
    2018-09-01 $145,000 (-1.2%) $231,174 (5.1%) 0.49 1,239
    2018-10-01 $145,000 (0.0%) $233,491 (7.6%) 0.51 1,182
    2018-11-01 $144,950 (3.5%) $238,165 (10.5%) 0.51 1,142
    2018-12-01 $143,450 (2.5%) $235,565 (8.7%) 0.50 1,076
    2019-01-01 $146,950 (7.9%) $236,849 (10.7%) 0.51 1,013
    2019-02-01 $149,000 (7.4%) $241,737 (11.2%) 0.50 1,009
    2019-03-01 $149,429 (6.8%) $242,187 (9.2%) 0.49 1,004
    2019-04-01 $149,929 (3.4%) $243,910 (6.2%) 0.48 995
    2019-05-01 $149,900 (5.6%) $247,123 (9.7%) 0.47 1,042
    2019-06-01 $149,900 (4.9%) $245,824 (8.8%) 0.47 1,100
    2019-07-01 $149,450 (3.1%) $235,900 (3.5%) 0.47 1,126
    2019-08-01 $147,245 (1.6%) $228,653 (-0.2%) 0.47 1,116
    2019-09-01 $148,739 (2.6%) $228,452 (-1.2%) 0.48 1,095
    2019-10-01 $149,900 (3.4%) $228,318 (-2.2%) 0.48 1,080
    2019-11-01 $149,000 (2.8%) $225,435 (-5.3%) 0.49 1,059
    2019-12-01 $148,600 (3.6%) $229,266 (-2.7%) 0.49 1,011
    2020-01-01 $146,625 (-0.2%) $234,548 (-1.0%) 0.48 953
    2020-02-01 $149,000 (0.0%) $236,439 (-2.2%) 0.47 906
    2020-03-01 $151,950 (1.7%) $244,815 (1.1%) 0.47 878
    2020-04-01 $158,225 (5.5%) $247,686 (1.6%) 0.49 827
    2020-05-01 $165,000 (10.1%) $262,282 (6.1%) 0.49 738
    2020-06-01 $162,848 (8.6%) $262,424 (6.8%) 0.47 722
    2020-07-01 $161,200 (7.9%) $266,504 (13.0%) 0.46 711
    2020-08-01 $164,900 (12.0%) $268,816 (17.6%) 0.46 686
    2020-09-01 $159,675 (7.4%) $267,023 (16.9%) 0.46 663
    2020-10-01 $159,950 (6.7%) $266,457 (16.7%) 0.46 653
    2020-11-01 $154,500 (3.7%) $254,991 (13.1%) 0.45 526
    2020-12-01 $149,500 (0.6%) $238,932 (4.2%) 0.45 494
    2021-01-01 $142,500 (-2.8%) $237,861 (1.4%) 0.43 446
    2021-02-01 $139,000 (-6.7%) $232,091 (-1.8%) 0.40 405
    2021-03-01 $136,875 (-9.9%) $232,610 (-5.0%) 0.39 364
    2021-04-01 $135,000 (-14.7%) $253,769 (2.5%) 0.37 321
    2021-05-01 $139,900 (-15.2%) $253,908 (-3.2%) 0.37 340
    2021-06-01 $139,900 (-14.1%) $224,801 (-14.3%) 0.38 348
    2021-07-01 $144,500 (-10.4%) $214,249 (-19.6%) 0.40 349
    2021-08-01 $139,600 (-15.3%) $206,532 (-23.2%) 0.37 377
    2021-09-01 $143,194 (-10.3%) $204,812 (-23.3%) 0.40 394
    2021-10-01 $139,950 (-12.5%) $197,510 (-25.9%) 0.38 441
    2021-11-01 $141,500 (-8.4%) $202,730 (-20.5%) 0.38 398
    2021-12-01 $149,450 (0.0%) $201,800 (-15.5%) 0.41 383
    2022-01-01 $139,950 (-1.8%) $200,081 (-15.9%) 0.39 345
    2022-02-01 $148,900 (7.1%) $226,643 (-2.4%) 0.39 302
    2022-03-01 $142,250 (3.9%) $231,366 (-0.5%) 0.36 269
    2022-04-01 $145,000 (7.4%) $235,925 (-7.0%) 0.35 255
    2022-05-01 $151,250 (8.1%) $234,489 (-7.7%) 0.35 276
    2022-06-01 $150,180 (7.4%) $218,174 (-3.0%) 0.33 314
    2022-07-01 $153,250 (6.1%) $220,549 (2.9%) 0.34 350
    2022-08-01 $140,750 (0.8%) $206,820 (0.1%) 0.33 351
    2022-09-01 $148,000 (3.4%) $205,364 (0.3%) 0.35 343
    2022-10-01 $145,000 (3.6%) $201,940 (2.2%) 0.35 364
    2022-11-01 $140,500 (-0.7%) $198,578 (-2.1%) 0.35 359
    2022-12-01 $139,000 (-7.0%) $195,450 (-3.2%) 0.35 348
    2023-01-01 $141,696 (1.3%) $191,806 (-4.1%) 0.36 320
    2023-02-01 $142,500 (-4.3%) $208,328 (-8.1%) 0.35 280
    2023-03-01 $149,950 (5.4%) $232,249 (0.4%) 0.36 277
    2023-04-01 $149,900 (3.4%) $231,601 (-1.8%) 0.35 244
    2023-05-01 $169,000 (11.7%) $239,268 (2.0%) 0.38 257
    2023-06-01 $169,325 (12.8%) $243,196 (11.5%) 0.38 272
    2023-07-01 $166,495 (8.6%) $241,109 (9.3%) 0.39 288
    2023-08-01 $152,475 (8.3%) $227,913 (10.2%) 0.37 301
    2023-09-01 $164,900 (11.4%) $218,360 (6.3%) 0.40 301
    2023-10-01 $152,450 (5.1%) $203,860 (1.0%) 0.37 316
    2023-11-01 $142,875 (1.7%) $204,067 (2.8%) 0.35 307
    2023-12-01 $152,450 (9.7%) $216,797 (10.9%) 0.39 295
    2024-01-01 $157,750 (11.3%) $213,508 (11.3%) 0.41 265
    2024-02-01 $148,025 (3.9%) $211,953 (1.7%) 0.37 279
    2024-03-01 $155,000 (3.4%) $235,671 (1.5%) 0.39 273
    2024-04-01 $152,450 (1.7%) $230,535 (-0.5%) 0.36 277
    2024-05-01 $148,675 (-12.0%) $226,901 (-5.2%) 0.35 288
    2024-06-01 $162,000 (-4.3%) $238,361 (-2.0%) 0.38 305
    2024-07-01 $161,375 (-3.1%) $238,811 (-1.0%) 0.38 338
    2024-08-01 $164,200 (7.7%) $232,360 (2.0%) 0.40 349
    2024-09-01 $167,100 (1.3%) $222,017 (1.7%) 0.42 363
    2024-10-01 $172,450 (13.1%) $225,034 (10.4%) 0.42 377
    2024-11-01 $175,000 (22.5%) $227,487 (11.5%) 0.44 372
    2024-12-01 $175,000 (14.8%) $231,873 (7.0%) 0.45 369
    2025-01-01 $162,450 (3.0%) $217,841 (2.0%) 0.00 344
    Charleston's median listing price for 2025-01-01 was $162,450, a difference of $4,700 (3.0%) versus the prior year and $-12,550 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 $217,841, a difference of $4,333 (2.0%) versus the prior year and $-14,032 versus the prior month.

    For the 2025-01-01 period, Charleston had 344 MLS listings, a difference of -25 listings (-7%) versus the prior month and 79 listings (30%) 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
    2018-01-01 100 days 1,812 sqft
    2018-02-01 102 days 1,822 sqft
    2018-03-01 92 days 1,850 sqft
    2018-04-01 77 days 1,880 sqft
    2018-05-01 72 days 1,846 sqft
    2018-06-01 73 days 1,850 sqft
    2018-07-01 79 days 1,862 sqft
    2018-08-01 84 days 1,894 sqft
    2018-09-01 85 days 1,842 sqft
    2018-10-01 87 days 1,859 sqft
    2018-11-01 88 days 1,877 sqft
    2018-12-01 95 days 1,820 sqft
    2019-01-01 102 days 1,824 sqft
    2019-02-01 102 days 1,882 sqft
    2019-03-01 92 days 1,885 sqft
    2019-04-01 80 days 1,879 sqft
    2019-05-01 74 days 1,848 sqft
    2019-06-01 74 days 1,851 sqft
    2019-07-01 77 days 1,874 sqft
    2019-08-01 82 days 1,874 sqft
    2019-09-01 84 days 1,883 sqft
    2019-10-01 86 days 1,889 sqft
    2019-11-01 88 days 1,848 sqft
    2019-12-01 95 days 1,847 sqft
    2020-01-01 102 days 1,845 sqft
    2020-02-01 101 days 1,825 sqft
    2020-03-01 84 days 1,902 sqft
    2020-04-01 81 days 1,924 sqft
    2020-05-01 88 days 1,950 sqft
    2020-06-01 95 days 1,941 sqft
    2020-07-01 79 days 1,917 sqft
    2020-08-01 73 days 1,906 sqft
    2020-09-01 72 days 1,874 sqft
    2020-10-01 75 days 1,864 sqft
    2020-11-01 75 days 1,833 sqft
    2020-12-01 77 days 1,815 sqft
    2021-01-01 80 days 1,810 sqft
    2021-02-01 74 days 1,728 sqft
    2021-03-01 61 days 1,740 sqft
    2021-04-01 61 days 1,657 sqft
    2021-05-01 45 days 1,682 sqft
    2021-06-01 50 days 1,657 sqft
    2021-07-01 53 days 1,688 sqft
    2021-08-01 51 days 1,679 sqft
    2021-09-01 49 days 1,703 sqft
    2021-10-01 47 days 1,673 sqft
    2021-11-01 59 days 1,662 sqft
    2021-12-01 70 days 1,673 sqft
    2022-01-01 73 days 1,647 sqft
    2022-02-01 75 days 1,707 sqft
    2022-03-01 61 days 1,706 sqft
    2022-04-01 52 days 1,666 sqft
    2022-05-01 45 days 1,692 sqft
    2022-06-01 47 days 1,667 sqft
    2022-07-01 48 days 1,720 sqft
    2022-08-01 51 days 1,706 sqft
    2022-09-01 51 days 1,621 sqft
    2022-10-01 45 days 1,633 sqft
    2022-11-01 49 days 1,619 sqft
    2022-12-01 60 days 1,600 sqft
    2023-01-01 74 days 1,606 sqft
    2023-02-01 74 days 1,610 sqft
    2023-03-01 60 days 1,680 sqft
    2023-04-01 50 days 1,755 sqft
    2023-05-01 43 days 1,815 sqft
    2023-06-01 41 days 1,820 sqft
    2023-07-01 44 days 1,950 sqft
    2023-08-01 43 days 1,712 sqft
    2023-09-01 50 days 1,750 sqft
    2023-10-01 52 days 1,673 sqft
    2023-11-01 60 days 1,649 sqft
    2023-12-01 64 days 1,692 sqft
    2024-01-01 66 days 1,669 sqft
    2024-02-01 60 days 1,566 sqft
    2024-03-01 47 days 1,646 sqft
    2024-04-01 45 days 1,566 sqft
    2024-05-01 42 days 1,541 sqft
    2024-06-01 43 days 1,639 sqft
    2024-07-01 46 days 1,678 sqft
    2024-08-01 46 days 1,693 sqft
    2024-09-01 51 days 1,639 sqft
    2024-10-01 54 days 1,736 sqft
    2024-11-01 59 days 1,739 sqft
    2024-12-01 64 days 1,745 sqft
    2025-01-01 0 days 1,682 sqft
    Charleston's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Charleston's median square footage for active listings during the 2025-01-01 period was 1,682 sqft. One year prior, the average listing was 1,669 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.