Georgetown VA Loan Rates, Closing Costs & Stats

Georgetown, 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.

    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 6.64% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.57% and one month ago for the week of 2024-11-08, the average rate was 6.67%.

    The average rate one year ago was 7.01%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.28%.

    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
    2024-06-01 $449,000 (1.5%) $637,682 (-4.7%) 0.00 416
    2024-07-01 $438,997 (-5.0%) $616,988 (-8.1%) 0.00 432
    2024-08-01 $446,495 (-8.5%) $632,160 (-11.6%) 0.00 456
    2024-09-01 $449,493 (-7.2%) $625,332 (-15.8%) 0.00 452
    2024-10-01 $441,475 (-10.3%) $624,605 (-18.4%) 0.00 446
    2024-11-01 $439,450 (-13.6%) $628,680 (-15.3%) 0.00 472
    Georgetown's median listing price for 2024-11-01 was $439,450, a difference of $-69,250 (-13.6%) versus the prior year and $-2,025 versus the prior month.

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

    Georgetown's average listing price for 2024-11-01 was $628,680, a difference of $-113,939 (-15.3%) versus the prior year and $4,075 versus the prior month.

    For the 2024-11-01 period, Georgetown had 472 MLS listings, a difference of 26 listings (6%) versus the prior month and 125 listings (36%) 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
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,792 sqft
    2024-08-01 0 days 1,801 sqft
    2024-09-01 0 days 1,815 sqft
    2024-10-01 0 days 1,803 sqft
    2024-11-01 0 days 1,785 sqft
    Georgetown's median listing age (time on market) for 2024-11-01 was 0 days.

    Georgetown's median square footage for active listings during the 2024-11-01 period was 1,785 sqft. One year prior, the average listing was 1,931 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.