Florence VA Loan Rates, Closing Costs & Stats

FLORENCE, 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.

    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 6.58% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Florence's average VA mortgage closing costs are $5,426.

    The average rate for the prior week (2025-07-04) was 6.39% and one month ago for the week of 2025-06-06, the average rate was 6.67%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.14%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Florence (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 $159,900 (2.8%) $199,158 (4.1%) 0.59 606
    2018-02-01 $166,750 (5.2%) $205,389 (6.9%) 0.61 618
    2018-03-01 $173,550 (8.8%) $208,815 (5.5%) 0.61 651
    2018-04-01 $170,000 (4.1%) $209,606 (1.9%) 0.58 670
    2018-05-01 $179,900 (8.4%) $216,308 (2.7%) 0.60 703
    2018-06-01 $177,450 (5.9%) $215,056 (1.5%) 0.59 714
    2018-07-01 $177,575 (1.5%) $211,010 (-1.4%) 0.59 741
    2018-08-01 $175,625 (1.9%) $206,101 (-3.2%) 0.59 744
    2018-09-01 $175,000 (4.2%) $201,674 (-2.5%) 0.59 698
    2018-10-01 $169,950 (-1.1%) $199,921 (-5.7%) 0.58 681
    2018-11-01 $169,900 (0.0%) $197,445 (-7.5%) 0.58 667
    2018-12-01 $166,500 (1.2%) $195,220 (-0.8%) 0.57 662
    2019-01-01 $168,586 (5.4%) $196,657 (-1.3%) 0.58 640
    2019-02-01 $168,225 (0.9%) $197,626 (-3.8%) 0.57 635
    2019-03-01 $168,500 (-2.9%) $199,443 (-4.5%) 0.55 743
    2019-04-01 $172,425 (1.4%) $203,938 (-2.7%) 0.55 883
    2019-05-01 $182,250 (1.3%) $210,689 (-2.6%) 0.57 862
    2019-06-01 $187,995 (5.9%) $217,241 (1.0%) 0.59 862
    2019-07-01 $186,495 (5.0%) $217,998 (3.3%) 0.58 864
    2019-08-01 $183,336 (4.4%) $214,370 (4.0%) 0.58 855
    2019-09-01 $180,841 (3.3%) $212,232 (5.2%) 0.58 841
    2019-10-01 $179,702 (5.7%) $211,473 (5.8%) 0.58 835
    2019-11-01 $184,950 (8.9%) $211,247 (7.0%) 0.61 827
    2019-12-01 $185,080 (11.2%) $210,364 (7.8%) 0.62 731
    2020-01-01 $185,413 (10.0%) $208,704 (6.1%) 0.62 713
    2020-02-01 $189,900 (12.9%) $206,735 (4.6%) 0.62 767
    2020-03-01 $188,873 (12.1%) $211,485 (6.0%) 0.59 780
    2020-04-01 $189,900 (10.1%) $215,026 (5.4%) 0.59 748
    2020-05-01 $199,000 (9.2%) $221,377 (5.1%) 0.60 723
    2020-06-01 $200,000 (6.4%) $226,102 (4.1%) 0.59 720
    2020-07-01 $192,900 (3.4%) $219,752 (0.8%) 0.56 738
    2020-08-01 $189,900 (3.6%) $221,338 (3.3%) 0.54 686
    2020-09-01 $189,925 (5.0%) $224,469 (5.8%) 0.54 629
    2020-10-01 $190,900 (6.2%) $226,735 (7.2%) 0.55 579
    2020-11-01 $189,950 (2.7%) $227,895 (7.9%) 0.56 571
    2020-12-01 $189,500 (2.4%) $225,837 (7.4%) 0.56 549
    2021-01-01 $189,900 (2.4%) $225,061 (7.8%) 0.57 524
    2021-02-01 $205,000 (8.0%) $232,002 (12.2%) 0.60 536
    2021-03-01 $199,925 (5.9%) $232,147 (9.8%) 0.57 546
    2021-04-01 $214,975 (13.2%) $244,879 (13.9%) 0.58 545
    2021-05-01 $210,000 (5.5%) $245,126 (10.7%) 0.56 541
    2021-06-01 $212,450 (6.2%) $245,289 (8.5%) 0.56 550
    2021-07-01 $207,000 (7.3%) $240,366 (9.4%) 0.55 550
    2021-08-01 $217,100 (14.3%) $625,990 (182.8%) 0.58 577
    2021-09-01 $219,100 (15.4%) $615,937 (174.4%) 0.58 608
    2021-10-01 $217,000 (13.7%) $648,424 (186.0%) 0.58 567
    2021-11-01 $222,525 (17.2%) $658,869 (189.1%) 0.59 556
    2021-12-01 $225,803 (19.2%) $264,916 (17.3%) 0.61 532
    2022-01-01 $235,000 (23.8%) $267,698 (18.9%) 0.64 485
    2022-02-01 $239,225 (16.7%) $272,204 (17.3%) 0.62 483
    2022-03-01 $235,526 (17.8%) $266,348 (14.7%) 0.59 497
    2022-04-01 $235,000 (9.3%) $271,235 (10.8%) 0.56 450
    2022-05-01 $242,450 (15.5%) $275,365 (12.3%) 0.55 517
    2022-06-01 $256,294 (20.6%) $289,683 (18.1%) 0.57 589
    2022-07-01 $264,836 (27.9%) $288,098 (19.9%) 0.60 608
    2022-08-01 $251,019 (15.6%) $281,322 (-55.1%) 0.58 618
    2022-09-01 $267,475 (22.1%) $288,532 (-53.2%) 0.63 610
    2022-10-01 $273,369 (26.0%) $292,545 (-54.9%) 0.64 611
    2022-11-01 $274,497 (23.4%) $287,656 (-56.3%) 0.66 585
    2022-12-01 $269,900 (19.5%) $283,900 (7.2%) 0.67 543
    2023-01-01 $259,748 (10.5%) $278,672 (4.1%) 0.64 528
    2023-02-01 $254,500 (6.4%) $272,318 (0.0%) 0.61 533
    2023-03-01 $259,923 (10.4%) $283,507 (6.4%) 0.61 493
    2023-04-01 $259,000 (10.2%) $282,398 (4.1%) 0.60 519
    2023-05-01 $266,223 (9.8%) $290,526 (5.5%) 0.60 498
    2023-06-01 $273,700 (6.8%) $299,595 (3.4%) 0.62 505
    2023-07-01 $275,490 (4.0%) $300,807 (4.4%) 0.63 517
    2023-08-01 $274,349 (9.3%) $298,468 (6.1%) 0.63 508
    2023-09-01 $271,576 (1.5%) $292,625 (1.4%) 0.63 510
    2023-10-01 $266,995 (-2.3%) $289,915 (-0.9%) 0.63 522
    2023-11-01 $260,313 (-5.2%) $284,980 (-0.9%) 0.62 490
    2023-12-01 $257,900 (-4.5%) $279,264 (-1.6%) 0.63 454
    2024-01-01 $252,450 (-2.8%) $266,068 (-4.5%) 0.62 455
    2024-02-01 $248,406 (-2.4%) $265,706 (-2.4%) 0.60 501
    2024-03-01 $249,500 (-4.0%) $277,230 (-2.2%) 0.59 513
    2024-04-01 $250,635 (-3.2%) $284,376 (0.7%) 0.58 556
    2024-05-01 $249,950 (-6.1%) $282,610 (-2.7%) 0.57 585
    2024-06-01 $249,900 (-8.7%) $290,040 (-3.2%) 0.57 594
    2024-07-01 $248,498 (-9.8%) $295,805 (-1.7%) 0.57 611
    2024-08-01 $249,900 (-8.9%) $293,501 (-1.7%) 0.58 626
    2024-09-01 $249,900 (-8.0%) $291,648 (-0.3%) 0.59 641
    2024-10-01 $249,300 (-6.6%) $292,639 (0.9%) 0.59 666
    2024-11-01 $249,900 (-4.0%) $291,049 (2.1%) 0.60 639
    2024-12-01 $251,475 (-2.5%) $296,088 (6.0%) 0.62 583
    2025-01-01 $249,900 (-1.0%) $303,047 (13.9%) 0.62 583
    2025-02-01 $248,875 (0.2%) $302,267 (13.8%) 0.60 615
    2025-03-01 $250,000 (0.2%) $308,200 (11.2%) 0.59 633
    2025-04-01 $254,925 (1.7%) $311,264 (9.5%) 0.59 694
    2025-05-01 $265,000 (6.0%) $305,653 (8.2%) 0.60 701
    2025-06-01 $265,000 (6.0%) $305,971 (5.5%) 0.60 709
    Florence's median listing price for 2025-06-01 was $265,000, a difference of $15,100 (6.0%) versus the prior year and $0 versus the prior month.

    Florence's median listing price comes in at 60% of the national average.

    Florence's average listing price for 2025-06-01 was $305,971, a difference of $15,931 (5.5%) versus the prior year and $318 versus the prior month.

    For the 2025-06-01 period, Florence had 709 MLS listings, a difference of 8 listings (1%) versus the prior month and 115 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Florence (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 96 days 1,890 sqft
    2018-02-01 96 days 1,952 sqft
    2018-03-01 73 days 2,030 sqft
    2018-04-01 68 days 2,074 sqft
    2018-05-01 67 days 2,100 sqft
    2018-06-01 71 days 2,086 sqft
    2018-07-01 77 days 2,082 sqft
    2018-08-01 81 days 2,045 sqft
    2018-09-01 89 days 2,008 sqft
    2018-10-01 89 days 1,922 sqft
    2018-11-01 94 days 1,861 sqft
    2018-12-01 93 days 1,849 sqft
    2019-01-01 93 days 1,868 sqft
    2019-02-01 94 days 1,902 sqft
    2019-03-01 88 days 1,904 sqft
    2019-04-01 82 days 1,921 sqft
    2019-05-01 80 days 1,980 sqft
    2019-06-01 79 days 2,020 sqft
    2019-07-01 78 days 2,075 sqft
    2019-08-01 80 days 2,028 sqft
    2019-09-01 82 days 1,985 sqft
    2019-10-01 82 days 1,981 sqft
    2019-11-01 79 days 1,981 sqft
    2019-12-01 88 days 1,984 sqft
    2020-01-01 95 days 1,984 sqft
    2020-02-01 89 days 2,003 sqft
    2020-03-01 70 days 2,009 sqft
    2020-04-01 74 days 2,030 sqft
    2020-05-01 78 days 2,072 sqft
    2020-06-01 81 days 2,092 sqft
    2020-07-01 69 days 2,043 sqft
    2020-08-01 66 days 2,002 sqft
    2020-09-01 75 days 2,035 sqft
    2020-10-01 74 days 2,010 sqft
    2020-11-01 59 days 1,887 sqft
    2020-12-01 61 days 1,851 sqft
    2021-01-01 61 days 1,902 sqft
    2021-02-01 46 days 2,070 sqft
    2021-03-01 49 days 2,040 sqft
    2021-04-01 50 days 2,046 sqft
    2021-05-01 50 days 2,044 sqft
    2021-06-01 48 days 1,975 sqft
    2021-07-01 45 days 1,885 sqft
    2021-08-01 44 days 1,933 sqft
    2021-09-01 44 days 1,964 sqft
    2021-10-01 54 days 1,880 sqft
    2021-11-01 56 days 1,913 sqft
    2021-12-01 52 days 1,910 sqft
    2022-01-01 61 days 1,908 sqft
    2022-02-01 54 days 1,902 sqft
    2022-03-01 44 days 1,877 sqft
    2022-04-01 46 days 1,837 sqft
    2022-05-01 38 days 1,826 sqft
    2022-06-01 37 days 1,916 sqft
    2022-07-01 44 days 1,956 sqft
    2022-08-01 54 days 1,945 sqft
    2022-09-01 55 days 1,964 sqft
    2022-10-01 57 days 2,002 sqft
    2022-11-01 64 days 2,037 sqft
    2022-12-01 74 days 1,961 sqft
    2023-01-01 81 days 1,954 sqft
    2023-02-01 75 days 1,926 sqft
    2023-03-01 65 days 1,947 sqft
    2023-04-01 54 days 1,910 sqft
    2023-05-01 51 days 1,960 sqft
    2023-06-01 51 days 1,961 sqft
    2023-07-01 50 days 1,956 sqft
    2023-08-01 52 days 1,914 sqft
    2023-09-01 53 days 1,913 sqft
    2023-10-01 52 days 1,914 sqft
    2023-11-01 56 days 1,832 sqft
    2023-12-01 66 days 1,823 sqft
    2024-01-01 72 days 1,724 sqft
    2024-02-01 60 days 1,737 sqft
    2024-03-01 51 days 1,755 sqft
    2024-04-01 51 days 1,739 sqft
    2024-05-01 52 days 1,751 sqft
    2024-06-01 55 days 1,750 sqft
    2024-07-01 54 days 1,782 sqft
    2024-08-01 57 days 1,773 sqft
    2024-09-01 60 days 1,774 sqft
    2024-10-01 61 days 1,771 sqft
    2024-11-01 61 days 1,764 sqft
    2024-12-01 75 days 1,768 sqft
    2025-01-01 79 days 1,728 sqft
    2025-02-01 76 days 1,736 sqft
    2025-03-01 67 days 1,767 sqft
    2025-04-01 62 days 1,777 sqft
    2025-05-01 56 days 1,820 sqft
    2025-06-01 58 days 1,849 sqft
    Florence's median listing age (time on market) for 2025-06-01 was 58 days. This is 5% longer than the same period one year ago.

    Florence's median square footage for active listings during the 2025-06-01 period was 1,849 sqft. One year prior, the average listing was 1,750 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.