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 0.51% for the week of 2025-07-04, 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 (2025-06-27) was 6.55% and one month ago for the week of 2025-05-30, the average rate was 6.77%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-07-04, 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.