Florence VA Loan Rates, Closing Costs & Stats
FLORENCE, 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.
Florence's 66 lenders originated 386 VA
loans during 2024. The total origination value was $105,480,000, with an average VA loan value of
$273,264.
Florence VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Florence
averaged
0.41%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Florence's average VA mortgage closing costs are $5,426.
The average rate for the prior week (2025-06-13) was
6.96% and
one month ago for the week of 2025-05-16, the
average rate was 6.92%.
The average rate one year ago was 6.92%.
For refis of the same type during the week of 2025-06-20, the average rate
was 0.17%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Florence 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 Florence level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
Mortgage Research Center, LLC
|
73
|
6.52%
|
$4,421
|
QUICKEN LOANS, LLC
|
33
|
6.09%
|
$10,893
|
UNITED WHOLESALE MORTGAGE, LLC
|
28
|
5.57%
|
$6,011
|
FREEDOM MORTGAGE CORPORATION
|
18
|
6.28%
|
$5,917
|
INSPIRE HOME LOANS INC.
|
18
|
5.85%
|
$5,803
|
MOVEMENT MORTGAGE, LLC
|
15
|
6.39%
|
$9,421
|
VILLAGE CAPITAL MORTGAGE
|
12
|
5.70%
|
$7,488
|
PENNYMAC LOAN SERVICES, LLC
|
11
|
5.54%
|
$5,375
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
11
|
6.72%
|
$4,324
|
CROSSCOUNTRY MORTGAGE, LLC
|
9
|
6.81%
|
$7,312
|
NAVY FEDERAL CREDIT UNION
|
7
|
5.96%
|
$6,164
|
LOANDEPOT.COM, LLC
|
7
|
6.43%
|
$6,616
|
FBC MORTGAGE, LLC
|
7
|
5.35%
|
$3,992
|
Magnolia Bank
|
7
|
6.55%
|
$7,054
|
USAA Federal Savings Bank
|
6
|
6.40%
|
$10,585
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
6
|
6.56%
|
$3,628
|
First Reliance Bank
|
5
|
6.00%
|
$7,787
|
RESOURCE FINANCIAL SERVICES, INC.
|
5
|
6.40%
|
$6,353
|
NEW DAY FINANCIAL, LLC
|
5
|
7.34%
|
$10,265
|
CMG MORTGAGE, INC.
|
5
|
7.18%
|
$5,339
|
GUARANTEED RATE, INC.
|
5
|
6.27%
|
$5,071
|
SUN WEST MORTGAGE COMPANY, INC.
|
4
|
6.00%
|
$4,726
|
MORTGAGE EQUITY PARTNERS LLC
|
4
|
6.50%
|
$10,479
|
NEWREZ LLC
|
4
|
6.09%
|
$5,002
|
UNION HOME MORTGAGE CORP.
|
4
|
6.16%
|
$6,703
|
GSF Mortgage Corporation
|
3
|
5.50%
|
$5,559
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
3
|
6.75%
|
$12,225
|
Carrington Mortgage Services, LLC
|
3
|
6.38%
|
$15,019
|
CARDINAL FINANCIAL
|
3
|
6.92%
|
$15,454
|
Alcova Mortgage LLC
|
3
|
6.50%
|
$3,587
|
The Federal Savings Bank
|
3
|
6.17%
|
$12,478
|
SOUTHPOINT FINANCIAL SERVICES, INC.
|
2
|
7.13%
|
$4,719
|
Flagstar Bank, FSB
|
2
|
6.25%
|
$3,351
|
AMERICAN FINANCIAL NETWORK, INC.
|
2
|
7.06%
|
$7,956
|
T2 FINANCIAL LLC
|
2
|
6.69%
|
$7,704
|
INTERCOASTAL MORTGAGE COMPANY
|
2
|
6.63%
|
$9,083
|
HOMESIDE FINANCIAL, LLC
|
2
|
6.44%
|
$6,269
|
Lakeview Community Capital, LLC
|
2
|
6.19%
|
$8,267
|
FIRST INTEGRITY MORTGAGE SERVICES, INC.
|
2
|
6.69%
|
$2,667
|
GUILD MORTGAGE COMPANY
|
2
|
6.38%
|
$5,319
|
BROKER SOLUTIONS, INC.
|
2
|
7.19%
|
$6,628
|
Equity Prime Mortgage LLC
|
2
|
6.69%
|
$11,658
|
RELIANCE FIRST CAPITAL, LLC
|
1
|
7.00%
|
$10,532
|
AMERISAVE MORTGAGE CORPORATION
|
1
|
4.88%
|
$15,693
|
STOCKTON MORTGAGE CORPORATION
|
1
|
6.25%
|
$7,722
|
The Central Trust Bank
|
1
|
5.75%
|
$5,731
|
ALLIED MORTGAGE GROUP, INC.
|
1
|
6.25%
|
$6,209
|
AmeriHome Mortgage Company, LLC
|
1
|
6.13%
|
$4,054
|
Goldwater Bank, N.A.
|
1
|
8.99%
|
$10,307
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
1
|
6.75%
|
$0
|
Ixonia Bank
|
1
|
6.13%
|
$0
|
Keystone Funding, Inc.
|
1
|
5.75%
|
$5,493
|
First Bank
|
1
|
5.99%
|
$3,203
|
Mid-Continent Funding, Inc.
|
1
|
6.13%
|
$7,909
|
MORTGAGE ACCESS CORP.
|
1
|
6.75%
|
$17,326
|
DHI MORTGAGE COMPANY, LTD.
|
1
|
5.50%
|
$8,761
|
Cornerstone First Mortgage, Inc
|
1
|
6.13%
|
$3,408
|
Citizens Bank
|
1
|
6.25%
|
$3,711
|
NBH Bank
|
1
|
6.25%
|
$4,615
|
VERITAS FUNDING, LLC
|
1
|
6.75%
|
$13,116
|
Old National Bank
|
1
|
5.63%
|
$6,013
|
PENTAGON FEDERAL CREDIT UNION
|
1
|
6.75%
|
$4,012
|
PLANET HOME LENDING, LLC
|
1
|
5.50%
|
$4,065
|
First Palmetto Bank
|
1
|
6.75%
|
$6,582
|
Prosperity Home Mortgage, LLC
|
1
|
5.75%
|
$4,276
|
ATLANTIC BAY MORTGAGE GROUP, L.L.C.
|
1
|
6.75%
|
$10,249
|
The top Florence VA lender as defined by loan originations is Mortgage Research Center, LLC, with
73 VA loans originated. Their average total fees are
$4,421, which is $6,472
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Florence VA lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,324), Mortgage Research Center, LLC ($4,421), PENNYMAC LOAN SERVICES, LLC ($5,375), INSPIRE HOME LOANS INC. ($5,803) and FREEDOM MORTGAGE CORPORATION ($5,917).
The lowest rate Florence VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (5.54%), UNITED WHOLESALE MORTGAGE, LLC (5.57%), VILLAGE CAPITAL MORTGAGE (5.70%), INSPIRE HOME LOANS INC. (5.85%) and QUICKEN LOANS, LLC (6.09%).
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.