Columbia VA Loan Rates, Closing Costs & Stats
COLUMBIA, SC
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.
Columbia's 203 lenders originated 7,142 VA loans during 2021. The total origination value was $1,785,300,000, with an average VA loan value of $249,972.
Columbia VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Columbia
averaged
0.24%
for the week of 2022-11-25, compared to the national average (all VA variants) of
0% for the same period.
Columbia's average VA mortgage closing costs are $4,796.
The average rate for the prior week (2022-11-18) was
6.73% and
one month ago for the week of 2022-10-21, the
average rate was 7.27%.
The average rate one year ago was 3.56%.
For refis of the same type during the week of 2022-11-25, the average rate
was -0.03%.
Columbia 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 Columbia level.
The top Columbia VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
521 VA loans originated. Their average total fees are
$3,050, which is $1,043
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Columbia VA lenders (with over 10 loans originated) are
Lakeview Community Capital, LLC ($2,335), PLANET HOME LENDING, LLC ($2,403), LAKEVIEW LOAN SERVICING, LLC ($2,494), North American Savings Bank, F.S.B. ($2,687) and FREEDOM MORTGAGE CORPORATION ($3,050).
The lowest rate Columbia VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.25%), VILLAGE CAPITAL MORTGAGE (2.34%), SUN WEST MORTGAGE COMPANY, INC. (2.40%), North American Savings Bank, F.S.B. (2.41%) and CLEARPATH LENDING (2.41%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Columbia (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 | $198,625 (5.6%) | $250,598 (6.0%) | 0.74 | 3,381 |
| 2018-02-01 | $198,250 (8.7%) | $252,748 (-4.4%) | 0.72 | 3,337 |
| 2018-03-01 | $199,999 (8.9%) | $261,231 (14.2%) | 0.70 | 3,392 |
| 2018-04-01 | $211,950 (8.2%) | $264,853 (7.0%) | 0.72 | 3,449 |
| 2018-05-01 | $216,700 (8.8%) | $272,273 (8.5%) | 0.72 | 3,407 |
| 2018-06-01 | $225,000 (13.1%) | $281,576 (12.1%) | 0.75 | 3,426 |
| 2018-07-01 | $225,000 (13.1%) | $281,518 (11.5%) | 0.75 | 3,586 |
| 2018-08-01 | $223,673 (11.9%) | $277,281 (9.0%) | 0.75 | 3,531 |
| 2018-09-01 | $224,500 (12.9%) | $276,271 (9.0%) | 0.75 | 3,476 |
| 2018-10-01 | $221,915 (11.0%) | $301,304 (19.1%) | 0.75 | 3,463 |
| 2018-11-01 | $229,070 (14.9%) | $278,419 (10.4%) | 0.78 | 3,363 |
| 2018-12-01 | $232,990 (17.1%) | $280,484 (12.1%) | 0.80 | 3,174 |
| 2019-01-01 | $229,375 (15.5%) | $273,978 (9.3%) | 0.79 | 3,058 |
| 2019-02-01 | $227,468 (14.7%) | $273,564 (8.2%) | 0.77 | 3,085 |
| 2019-03-01 | $234,186 (17.1%) | $281,176 (7.6%) | 0.77 | 3,049 |
| 2019-04-01 | $239,585 (13.0%) | $289,206 (9.2%) | 0.76 | 3,009 |
| 2019-05-01 | $238,943 (10.3%) | $289,990 (6.5%) | 0.75 | 3,028 |
| 2019-06-01 | $238,950 (6.2%) | $284,073 (0.9%) | 0.75 | 3,082 |
| 2019-07-01 | $234,945 (4.4%) | $281,447 (0.0%) | 0.74 | 3,146 |
| 2019-08-01 | $231,985 (3.7%) | $280,782 (1.3%) | 0.73 | 3,150 |
| 2019-09-01 | $228,056 (1.6%) | $279,725 (1.3%) | 0.73 | 3,111 |
| 2019-10-01 | $227,887 (2.7%) | $281,504 (-6.6%) | 0.74 | 3,029 |
| 2019-11-01 | $227,038 (-0.9%) | $282,223 (1.4%) | 0.74 | 2,949 |
| 2019-12-01 | $226,993 (-2.6%) | $281,891 (0.5%) | 0.76 | 2,851 |
| 2020-01-01 | $228,243 (-0.5%) | $280,189 (2.3%) | 0.76 | 2,671 |
| 2020-02-01 | $233,580 (2.7%) | $282,953 (3.4%) | 0.76 | 2,567 |
| 2020-03-01 | $239,500 (2.3%) | $291,501 (3.7%) | 0.75 | 2,440 |
| 2020-04-01 | $242,621 (1.3%) | $295,905 (2.3%) | 0.76 | 2,466 |
| 2020-05-01 | $247,950 (3.8%) | $302,702 (4.4%) | 0.75 | 2,264 |
| 2020-06-01 | $249,900 (4.6%) | $305,772 (7.6%) | 0.74 | 1,960 |
| 2020-07-01 | $250,000 (6.4%) | $310,011 (10.2%) | 0.72 | 1,802 |
| 2020-08-01 | $252,000 (8.6%) | $316,094 (12.6%) | 0.72 | 1,675 |
| 2020-09-01 | $249,900 (9.6%) | $307,922 (10.1%) | 0.72 | 1,625 |
| 2020-10-01 | $244,995 (7.5%) | $300,104 (6.6%) | 0.70 | 1,598 |
| 2020-11-01 | $249,950 (10.1%) | $306,946 (8.8%) | 0.73 | 1,521 |
| 2020-12-01 | $250,086 (10.2%) | $308,246 (9.4%) | 0.74 | 1,381 |
| 2021-01-01 | $249,000 (9.1%) | $310,550 (10.8%) | 0.74 | 1,247 |
| 2021-02-01 | $249,594 (6.9%) | $314,696 (11.2%) | 0.73 | 1,077 |
| 2021-03-01 | $250,000 (4.4%) | $321,698 (10.4%) | 0.71 | 942 |
| 2021-04-01 | $259,000 (6.8%) | $331,328 (12.0%) | 0.70 | 848 |
| 2021-05-01 | $255,000 (2.8%) | $326,827 (8.0%) | 0.67 | 812 |
| 2021-06-01 | $249,750 (-0.1%) | $319,629 (4.5%) | 0.66 | 880 |
| 2021-07-01 | $264,900 (6.0%) | $326,364 (5.3%) | 0.70 | 1,068 |
| 2021-08-01 | $269,450 (6.9%) | $334,745 (5.9%) | 0.72 | 1,169 |
| 2021-09-01 | $269,995 (8.0%) | $339,327 (10.2%) | 0.72 | 1,197 |
| 2021-10-01 | $276,500 (12.9%) | $343,459 (14.5%) | 0.74 | 1,235 |
| 2021-11-01 | $286,164 (14.5%) | $351,586 (14.5%) | 0.76 | 1,107 |
| 2021-12-01 | $292,317 (16.9%) | $359,640 (16.7%) | 0.79 | 1,045 |
| 2022-01-01 | $298,325 (19.8%) | $362,764 (16.8%) | 0.81 | 888 |
| 2022-02-01 | $297,925 (19.4%) | $366,490 (16.5%) | 0.77 | 804 |
| 2022-03-01 | $300,000 (20.0%) | $359,668 (11.8%) | 0.75 | 805 |
| 2022-04-01 | $300,000 (15.8%) | $361,603 (9.1%) | 0.72 | 826 |
| 2022-05-01 | $307,600 (20.6%) | $377,471 (15.5%) | 0.70 | 1,048 |
| 2022-06-01 | $315,287 (26.2%) | $384,674 (20.4%) | 0.70 | 1,168 |
| 2022-07-01 | $319,033 (20.4%) | $387,567 (18.8%) | 0.72 | 1,534 |
| 2022-08-01 | $318,281 (18.1%) | $385,143 (15.1%) | 0.74 | 1,640 |
| 2022-09-01 | $308,718 (14.3%) | $378,169 (11.5%) | 0.72 | 1,705 |
| 2022-10-01 | $305,887 (10.6%) | $373,588 (8.8%) | 0.72 | 1,799 |
Columbia's median listing price comes in at 72% of the national average.
Columbia's average listing price for 2022-10-01 was $373,588, a difference of $30,129 (8.8%) versus the prior year and $-4,581 versus the prior month.
For the 2022-10-01 period, Columbia had 1,799 MLS listings, a difference of 94 listings (6%) versus the prior month and 564 listings (46%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Columbia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 81 days | 2,148 sqft |
| 2018-02-01 | 74 days | 2,155 sqft |
| 2018-03-01 | 60 days | 2,200 sqft |
| 2018-04-01 | 57 days | 2,236 sqft |
| 2018-05-01 | 55 days | 2,243 sqft |
| 2018-06-01 | 57 days | 2,276 sqft |
| 2018-07-01 | 59 days | 2,274 sqft |
| 2018-08-01 | 61 days | 2,247 sqft |
| 2018-09-01 | 67 days | 2,231 sqft |
| 2018-10-01 | 73 days | 2,227 sqft |
| 2018-11-01 | 78 days | 2,255 sqft |
| 2018-12-01 | 85 days | 2,266 sqft |
| 2019-01-01 | 84 days | 2,241 sqft |
| 2019-02-01 | 72 days | 2,230 sqft |
| 2019-03-01 | 64 days | 2,248 sqft |
| 2019-04-01 | 58 days | 2,261 sqft |
| 2019-05-01 | 54 days | 2,246 sqft |
| 2019-06-01 | 54 days | 2,253 sqft |
| 2019-07-01 | 52 days | 2,241 sqft |
| 2019-08-01 | 54 days | 2,224 sqft |
| 2019-09-01 | 56 days | 2,217 sqft |
| 2019-10-01 | 58 days | 2,222 sqft |
| 2019-11-01 | 62 days | 2,205 sqft |
| 2019-12-01 | 71 days | 2,200 sqft |
| 2020-01-01 | 72 days | 2,192 sqft |
| 2020-02-01 | 64 days | 2,225 sqft |
| 2020-03-01 | 50 days | 2,241 sqft |
| 2020-04-01 | 48 days | 2,249 sqft |
| 2020-05-01 | 58 days | 2,248 sqft |
| 2020-06-01 | 53 days | 2,248 sqft |
| 2020-07-01 | 46 days | 2,246 sqft |
| 2020-08-01 | 42 days | 2,246 sqft |
| 2020-09-01 | 39 days | 2,235 sqft |
| 2020-10-01 | 39 days | 2,189 sqft |
| 2020-11-01 | 44 days | 2,204 sqft |
| 2020-12-01 | 47 days | 2,204 sqft |
| 2021-01-01 | 45 days | 2,100 sqft |
| 2021-02-01 | 34 days | 2,053 sqft |
| 2021-03-01 | 23 days | 2,020 sqft |
| 2021-04-01 | 20 days | 2,030 sqft |
| 2021-05-01 | 17 days | 2,011 sqft |
| 2021-06-01 | 16 days | 1,969 sqft |
| 2021-07-01 | 17 days | 2,000 sqft |
| 2021-08-01 | 22 days | 2,021 sqft |
| 2021-09-01 | 26 days | 2,040 sqft |
| 2021-10-01 | 29 days | 2,100 sqft |
| 2021-11-01 | 31 days | 2,129 sqft |
| 2021-12-01 | 38 days | 2,169 sqft |
| 2022-01-01 | 44 days | 2,109 sqft |
| 2022-02-01 | 22 days | 2,051 sqft |
| 2022-03-01 | 18 days | 1,998 sqft |
| 2022-04-01 | 17 days | 1,981 sqft |
| 2022-05-01 | 17 days | 1,992 sqft |
| 2022-06-01 | 23 days | 2,070 sqft |
| 2022-07-01 | 24 days | 2,137 sqft |
| 2022-08-01 | 35 days | 2,155 sqft |
| 2022-09-01 | 38 days | 2,130 sqft |
| 2022-10-01 | 45 days | 2,167 sqft |
Columbia's median square footage for active listings during the 2022-10-01 period was 2,167 sqft. One year prior, the average listing was 2,100 sqft.
