Georgetown VA Loan Rates, Closing Costs & Stats

Georgetown, 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.

Georgetown's 35 lenders originated 62 VA loans during 2023. The total origination value was $24,440,000, with an average VA loan value of $394,194.

Georgetown VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Georgetown averaged 6.85% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

Georgetown's average VA mortgage closing costs are $6,484.

The average rate for the prior week (2024-05-31) was 6.96% and one month ago for the week of 2024-05-03, the average rate was 6.98%.

The average rate one year ago was 6.98%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.59%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Georgetown 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 Georgetown level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 10 6.88% $5,074
QUICKEN LOANS, LLC 7 6.07% $15,141
Wells Fargo Bank 2 6.13% $7,636
CMG MORTGAGE, INC. 2 7.13% $8,459
FREEDOM MORTGAGE CORPORATION 2 6.56% $16,600
Gateway First Bank 2 6.50% $4,383
GUARANTEED RATE, INC. 2 6.94% $6,179
INTERCOASTAL MORTGAGE COMPANY 2 7.44% $11,600
MOVEMENT MORTGAGE, LLC 2 7.06% $3,238
NEW DAY FINANCIAL, LLC 2 7.37% $8,552
TJC Mortgage, Inc. 2 6.00% $13,014
UNION HOME MORTGAGE CORP. 2 6.00% $10,054
UNITED WHOLESALE MORTGAGE, LLC 2 7.06% $14,446
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $6,800
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $5,257
Truist 1 6.75% $6,245
Neighborhood Loans, Inc. 1 7.63% $7,302
USAA Federal Savings Bank 1 6.00% $13,091
PENNYMAC LOAN SERVICES, LLC 1 7.13% $28,445
PENTAGON FEDERAL CREDIT UNION 1 5.00% $11,807
Plains Commerce Bank 1 5.75% $3,873
PLANET HOME LENDING, LLC 1 5.75% $21,566
Century Mortgage Company DBA Century Lending Company 1 6.00% $10,099
SHELTER LENDING SERVICES, L.L.C. 1 7.25% $10,051
SOUTHERN TRUST MORTGAGE, LLC 1 6.50% $12,325
South State Bank 1 6.13% $11,055
DRAPER AND KRAMER MORTGAGE CORP. 1 5.75% $11,425
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $17,522
First-Citizens Bank & Trust Company 1 6.75% $5,908
SOUTHWEST STAGE FUNDING, LLC 1 6.88% $0
SUMMIT FUNDING, INC. 1 6.75% $24,347
Synovus Bank 1 6.75% $6,168
INSPIRE HOME LOANS INC. 1 4.75% $9,673
Armed Forces Bank 1 7.00% $4,276
LOANDEPOT.COM, LLC 1 5.38% $11,628

The top Georgetown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $5,074, which is $10,068 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Georgetown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,074), .

The lowest rate Georgetown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.88%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Georgetown (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 $390,000 (7.5%) $585,751 (6.2%) 0.00 791
2018-02-01 $373,450 (1.0%) $555,033 (-0.4%) 0.00 841
2018-03-01 $379,900 (2.7%) $552,430 (-1.2%) 0.00 896
2018-04-01 $389,500 (4.3%) $565,069 (-0.3%) 0.00 895
2018-05-01 $382,475 (0.0%) $561,529 (-2.1%) 0.00 917
2018-06-01 $375,500 (-2.8%) $564,534 (-2.8%) 0.00 901
2018-07-01 $396,750 (-0.8%) $585,550 (-1.7%) 0.00 875
2018-08-01 $399,925 (0.1%) $602,604 (2.0%) 0.00 869
2018-09-01 $399,900 (0.0%) $591,490 (-0.6%) 0.00 878
2018-10-01 $399,450 (-0.1%) $588,320 (-0.6%) 0.00 883
2018-11-01 $387,625 (-2.9%) $570,566 (-2.2%) 0.00 915
2018-12-01 $374,900 (-6.0%) $558,248 (-5.4%) 0.00 914
2019-01-01 $371,075 (-4.9%) $548,332 (-6.4%) 0.00 876
2019-02-01 $389,000 (4.2%) $561,909 (1.2%) 0.00 866
2019-03-01 $393,671 (3.6%) $655,659 (18.7%) 0.00 892
2019-04-01 $399,450 (2.6%) $659,963 (16.8%) 0.00 911
2019-05-01 $399,450 (4.4%) $575,516 (2.5%) 0.00 896
2019-06-01 $402,500 (7.2%) $580,097 (2.8%) 0.00 870
2019-07-01 $422,450 (6.5%) $579,814 (-1.0%) 0.00 855
2019-08-01 $418,182 (4.6%) $579,338 (-3.9%) 0.00 833
2019-09-01 $407,955 (2.0%) $573,508 (-3.0%) 0.00 820
2019-10-01 $401,136 (0.4%) $569,637 (-3.2%) 0.00 810
2019-11-01 $400,000 (3.2%) $577,210 (1.2%) 0.00 789
2019-12-01 $397,225 (6.0%) $571,690 (2.4%) 0.00 781
2020-01-01 $389,473 (5.0%) $573,311 (4.6%) 0.00 752
2020-02-01 $384,000 (-1.3%) $557,224 (-0.8%) 0.00 779
2020-03-01 $380,975 (-3.2%) $559,246 (-14.7%) 0.00 762
2020-04-01 $385,750 (-3.4%) $554,893 (-15.9%) 0.00 756
2020-05-01 $384,900 (-3.6%) $557,309 (-3.2%) 0.00 741
2020-06-01 $385,779 (-4.2%) $545,839 (-5.9%) 0.00 695
2020-07-01 $388,000 (-8.2%) $558,881 (-3.6%) 0.00 634
2020-08-01 $359,900 (-13.9%) $545,997 (-5.8%) 0.00 591
2020-09-01 $334,875 (-17.9%) $527,063 (-8.1%) 0.00 566
2020-10-01 $343,585 (-14.4%) $528,768 (-7.2%) 0.00 556
2020-11-01 $364,850 (-8.8%) $536,179 (-7.1%) 0.00 530
2020-12-01 $359,499 (-9.5%) $545,397 (-4.6%) 0.00 510
2021-01-01 $359,000 (-7.8%) $552,383 (-3.7%) 0.00 461
2021-02-01 $357,475 (-6.9%) $581,669 (4.4%) 0.00 404
2021-03-01 $360,725 (-5.3%) $603,615 (7.9%) 0.00 331
2021-04-01 $363,250 (-5.8%) $647,772 (16.7%) 0.00 303
2021-05-01 $399,900 (3.9%) $694,081 (24.5%) 0.00 254
2021-06-01 $387,450 (0.4%) $684,664 (25.4%) 0.00 238
2021-07-01 $419,450 (8.1%) $732,495 (31.1%) 0.00 251
2021-08-01 $419,000 (16.4%) $694,169 (27.1%) 0.00 274
2021-09-01 $412,200 (23.1%) $696,493 (32.2%) 0.00 275
2021-10-01 $392,000 (14.1%) $708,145 (33.9%) 0.00 266
2021-11-01 $375,000 (2.8%) $661,198 (23.3%) 0.00 274
2021-12-01 $347,964 (-3.2%) $665,486 (22.0%) 0.00 267
2022-01-01 $362,450 (1.0%) $699,604 (26.7%) 0.00 222
2022-02-01 $344,815 (-3.5%) $726,867 (25.0%) 0.00 172
2022-03-01 $372,500 (3.3%) $760,979 (26.1%) 0.00 158
2022-04-01 $425,000 (17.0%) $782,747 (20.8%) 0.00 160
2022-05-01 $432,000 (8.0%) $743,484 (7.1%) 0.00 186
2022-06-01 $457,700 (18.1%) $765,150 (11.8%) 0.00 214
2022-07-01 $476,450 (13.6%) $763,813 (4.3%) 0.00 229
2022-08-01 $499,450 (19.2%) $789,522 (13.7%) 0.00 251
2022-09-01 $499,225 (21.1%) $779,901 (12.0%) 0.00 237
2022-10-01 $509,900 (30.1%) $773,322 (9.2%) 0.00 234
2022-11-01 $482,000 (28.5%) $715,661 (8.2%) 0.00 242
2022-12-01 $445,000 (27.9%) $665,965 (0.1%) 0.00 240
2023-01-01 $471,998 (30.2%) $669,522 (-4.3%) 0.00 250
2023-02-01 $453,495 (31.5%) $707,401 (-2.7%) 0.00 252
2023-03-01 $456,368 (22.5%) $685,385 (-9.9%) 0.00 275
2023-04-01 $452,395 (6.5%) $698,633 (-10.8%) 0.00 286
2023-05-01 $429,725 (-0.5%) $679,366 (-8.6%) 0.00 271
2023-06-01 $442,225 (-3.4%) $669,114 (-12.6%) 0.00 279
2023-07-01 $462,150 (-3.0%) $671,313 (-12.1%) 0.00 281
2023-08-01 $488,200 (-2.3%) $715,023 (-9.4%) 0.00 284
2023-09-01 $484,500 (-3.0%) $742,244 (-4.8%) 0.00 309
2023-10-01 $492,348 (-3.4%) $765,198 (-1.1%) 0.00 332
2023-11-01 $508,700 (5.5%) $742,619 (3.8%) 0.00 347
2023-12-01 $509,900 (14.6%) $702,203 (5.4%) 0.00 337
2024-01-01 $499,638 (5.9%) $687,989 (2.8%) 0.00 342
2024-02-01 $508,698 (12.2%) $699,554 (-1.1%) 0.00 354
2024-03-01 $499,825 (9.5%) $692,788 (1.1%) 0.00 359
2024-04-01 $475,806 (5.2%) $671,127 (-3.9%) 0.00 389
2024-05-01 $449,000 (4.5%) $642,651 (-5.4%) 0.00 394
Georgetown's median listing price for 2024-05-01 was $449,000, a difference of $19,275 (4.5%) versus the prior year and $-26,806 versus the prior month.

Georgetown's median listing price comes in at 0% of the national average.

Georgetown's average listing price for 2024-05-01 was $642,651, a difference of $-36,715 (-5.4%) versus the prior year and $-28,476 versus the prior month.

For the 2024-05-01 period, Georgetown had 394 MLS listings, a difference of 5 listings (1%) versus the prior month and 123 listings (45%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Georgetown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,101 sqft
2018-02-01 0 days 2,101 sqft
2018-03-01 0 days 2,101 sqft
2018-04-01 0 days 2,101 sqft
2018-05-01 0 days 2,101 sqft
2018-06-01 0 days 2,101 sqft
2018-07-01 0 days 2,201 sqft
2018-08-01 0 days 2,201 sqft
2018-09-01 0 days 2,201 sqft
2018-10-01 0 days 2,201 sqft
2018-11-01 0 days 2,176 sqft
2018-12-01 0 days 2,101 sqft
2019-01-01 0 days 2,051 sqft
2019-02-01 0 days 2,101 sqft
2019-03-01 0 days 2,079 sqft
2019-04-01 0 days 2,051 sqft
2019-05-01 0 days 2,048 sqft
2019-06-01 0 days 2,119 sqft
2019-07-01 0 days 2,150 sqft
2019-08-01 0 days 2,144 sqft
2019-09-01 0 days 2,136 sqft
2019-10-01 0 days 2,130 sqft
2019-11-01 0 days 2,129 sqft
2019-12-01 0 days 2,067 sqft
2020-01-01 0 days 2,050 sqft
2020-02-01 0 days 1,951 sqft
2020-03-01 0 days 1,950 sqft
2020-04-01 0 days 1,950 sqft
2020-05-01 0 days 1,950 sqft
2020-06-01 0 days 1,950 sqft
2020-07-01 0 days 1,950 sqft
2020-08-01 0 days 1,901 sqft
2020-09-01 0 days 1,850 sqft
2020-10-01 0 days 1,850 sqft
2020-11-01 0 days 1,890 sqft
2020-12-01 0 days 1,877 sqft
2021-01-01 0 days 1,900 sqft
2021-02-01 0 days 1,907 sqft
2021-03-01 0 days 1,900 sqft
2021-04-01 0 days 1,928 sqft
2021-05-01 0 days 2,068 sqft
2021-06-01 0 days 1,995 sqft
2021-07-01 0 days 2,006 sqft
2021-08-01 0 days 2,031 sqft
2021-09-01 0 days 2,058 sqft
2021-10-01 0 days 2,038 sqft
2021-11-01 0 days 2,017 sqft
2021-12-01 0 days 1,954 sqft
2022-01-01 0 days 1,992 sqft
2022-02-01 0 days 1,971 sqft
2022-03-01 0 days 1,940 sqft
2022-04-01 0 days 1,940 sqft
2022-05-01 0 days 2,125 sqft
2022-06-01 0 days 2,197 sqft
2022-07-01 0 days 2,158 sqft
2022-08-01 0 days 2,192 sqft
2022-09-01 0 days 2,161 sqft
2022-10-01 0 days 2,158 sqft
2022-11-01 0 days 2,093 sqft
2022-12-01 0 days 2,025 sqft
2023-01-01 0 days 2,112 sqft
2023-02-01 0 days 2,086 sqft
2023-03-01 0 days 2,094 sqft
2023-04-01 0 days 2,049 sqft
2023-05-01 0 days 1,873 sqft
2023-06-01 0 days 1,886 sqft
2023-07-01 0 days 1,850 sqft
2023-08-01 0 days 1,895 sqft
2023-09-01 0 days 1,884 sqft
2023-10-01 0 days 1,874 sqft
2023-11-01 0 days 1,931 sqft
2023-12-01 0 days 1,888 sqft
2024-01-01 0 days 1,882 sqft
2024-02-01 0 days 1,869 sqft
2024-03-01 0 days 1,847 sqft
2024-04-01 0 days 1,801 sqft
2024-05-01 0 days 1,799 sqft
Georgetown's median listing age (time on market) for 2024-05-01 was 0 days.

Georgetown's median square footage for active listings during the 2024-05-01 period was 1,799 sqft. One year prior, the average listing was 1,873 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.