Georgetown VA Loan Rates, Closing Costs & Stats

Georgetown, SC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 39 lenders originated 99 VA loans during 2022. The total origination value was $33,825,000, with an average VA loan value of $341,667.

    Georgetown VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Georgetown averaged -0.5% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Georgetown's average VA mortgage closing costs are $6,208.

    The average rate for the prior week (2023-11-17) was 6.64% and one month ago for the week of 2023-10-20, the average rate was 6.87%.

    The average rate one year ago was 6.09%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.16%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 12 5.39% $7,822
    GUARANTEED RATE, INC. 8 3.75% $8,437
    QUICKEN LOANS, LLC 8 4.28% $14,705
    USAA Federal Savings Bank 6 4.63% $9,567
    MOVEMENT MORTGAGE, LLC 5 3.90% $4,867
    NEW DAY FINANCIAL, LLC 5 6.44% $12,636
    UNITED WHOLESALE MORTGAGE, LLC 4 4.54% $8,663
    NAVY FEDERAL CREDIT UNION 3 4.58% $3,444
    Barrington Bank & Trust Company, N.A. 3 4.00% $8,123
    Gateway First Bank 3 5.54% $2,003
    LOANDEPOT.COM, LLC 2 3.69% $20,990
    CROSSCOUNTRY MORTGAGE, LLC 2 5.19% $7,861
    Citizens Bank 2 4.38% $17,860
    Flagstar Bank, FSB 2 4.44% $18,458
    Prosperity Home Mortgage, LLC 2 4.25% $6,665
    SOUTHERN TRUST MORTGAGE, LLC 2 3.50% $29,456
    HOMESPIRE MORTGAGE CORPORATION 2 2.75% $7,987
    PLANET HOME LENDING, LLC 1 2.49% $1,234
    Sunflower Bank 1 3.49% $14,400
    The Federal Savings Bank 1 3.25% $4,124
    VILLAGE CAPITAL MORTGAGE 1 4.88% $16,442
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.63% $13,400
    Wyndham Capital Mortgage, Inc. 1 6.25% $3,222
    Austin Capital Bank SSB 1 2.75% $3,768
    Capital City Home Loans, LLC 1 2.75% $8,868
    CLEARPATH LENDING 1 5.20% $18,746
    EAGLE HOME MORTGAGE, LLC 1 4.00% $22,611
    Encompass Lending Group, LP 1 3.99% $6,122
    FINANCE OF AMERICA MORTGAGE LLC 1 3.50% $5,632
    First Home Bank 1 5.75% $2,760
    FREEDOM MORTGAGE CORPORATION 1 3.63% $875
    GUARANTY HOME MORTGAGE CORPORATION 1 2.63% $3,001
    GUILD MORTGAGE COMPANY 1 4.00% $4,625
    HOME POINT FINANCIAL CORPORATION 1 5.49% $4,369
    HOMESTEAD FUNDING CORP. 1 3.13% $5,847
    INTERCOASTAL MORTGAGE COMPANY 1 3.88% $9,156
    Mr. Cooper ( Nationstar Mortgage ) 1 4.50% $17,272
    NEWREZ LLC 1 2.75% $12,890
    PENTAGON FEDERAL CREDIT UNION 1 4.50% $3,352

    The top Georgetown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 12 VA loans originated. Their average total fees are $7,822, which is $615 lower than the next largest lender, GUARANTEED RATE, INC..

    The lowest fee Georgetown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,822), .

    The lowest rate Georgetown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (5.39%), .

    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 $389,750 (9.9%) $580,223 (6.2%) 0.00 813
    2018-02-01 $372,450 (2.7%) $549,377 (-0.4%) 0.00 861
    2018-03-01 $379,000 (3.6%) $547,061 (-1.1%) 0.00 918
    2018-04-01 $383,450 (3.7%) $559,797 (-0.1%) 0.00 915
    2018-05-01 $377,450 (-0.1%) $555,478 (-2.0%) 0.00 942
    2018-06-01 $373,950 (-1.9%) $558,663 (-2.7%) 0.00 926
    2018-07-01 $393,725 (-1.3%) $581,753 (-1.0%) 0.00 893
    2018-08-01 $399,450 (0.0%) $598,005 (2.2%) 0.00 891
    2018-09-01 $399,000 (-0.2%) $586,703 (-0.8%) 0.00 896
    2018-10-01 $398,125 (-0.5%) $583,435 (-1.0%) 0.00 903
    2018-11-01 $383,125 (-4.1%) $564,588 (-2.9%) 0.00 937
    2018-12-01 $369,445 (-7.4%) $552,314 (-6.0%) 0.00 941
    2019-01-01 $369,900 (-5.1%) $545,498 (-6.0%) 0.00 899
    2019-02-01 $388,279 (4.3%) $561,686 (2.2%) 0.00 886
    2019-03-01 $393,671 (3.9%) $653,610 (19.5%) 0.00 911
    2019-04-01 $399,000 (4.1%) $657,055 (17.4%) 0.00 929
    2019-05-01 $398,750 (5.6%) $573,409 (3.2%) 0.00 917
    2019-06-01 $399,900 (6.9%) $577,335 (3.3%) 0.00 893
    2019-07-01 $415,673 (5.6%) $578,390 (-0.6%) 0.00 876
    2019-08-01 $417,387 (4.5%) $577,135 (-3.5%) 0.00 854
    2019-09-01 $407,551 (2.1%) $570,080 (-2.8%) 0.00 843
    2019-10-01 $399,950 (0.5%) $565,747 (-3.0%) 0.00 836
    2019-11-01 $399,900 (4.4%) $573,371 (1.6%) 0.00 812
    2019-12-01 $390,750 (5.8%) $566,387 (2.6%) 0.00 804
    2020-01-01 $386,950 (4.6%) $566,482 (3.9%) 0.00 773
    2020-02-01 $379,900 (-2.2%) $554,941 (-1.2%) 0.00 806
    2020-03-01 $379,900 (-3.5%) $557,775 (-14.7%) 0.00 788
    2020-04-01 $383,225 (-4.0%) $554,560 (-15.6%) 0.00 782
    2020-05-01 $384,900 (-3.5%) $557,212 (-2.8%) 0.00 763
    2020-06-01 $383,473 (-4.1%) $545,457 (-5.5%) 0.00 714
    2020-07-01 $385,604 (-7.2%) $560,252 (-3.1%) 0.00 650
    2020-08-01 $359,900 (-13.8%) $548,016 (-5.1%) 0.00 608
    2020-09-01 $330,850 (-18.8%) $527,424 (-7.5%) 0.00 582
    2020-10-01 $329,250 (-17.7%) $523,464 (-7.5%) 0.00 585
    2020-11-01 $349,500 (-12.6%) $526,876 (-8.1%) 0.00 567
    2020-12-01 $336,975 (-13.8%) $531,521 (-6.2%) 0.00 553
    2021-01-01 $324,900 (-16.0%) $539,161 (-4.8%) 0.00 503
    2021-02-01 $333,036 (-12.3%) $563,421 (1.5%) 0.00 443
    2021-03-01 $339,900 (-10.5%) $584,473 (4.8%) 0.00 356
    2021-04-01 $347,500 (-9.3%) $631,614 (13.9%) 0.00 319
    2021-05-01 $384,500 (-0.1%) $677,341 (21.6%) 0.00 268
    2021-06-01 $382,000 (-0.4%) $677,102 (24.1%) 0.00 252
    2021-07-01 $400,000 (3.7%) $724,567 (29.3%) 0.00 261
    2021-08-01 $399,924 (11.1%) $688,027 (25.6%) 0.00 289
    2021-09-01 $410,950 (24.2%) $691,538 (31.1%) 0.00 289
    2021-10-01 $399,900 (21.5%) $701,118 (33.9%) 0.00 282
    2021-11-01 $388,503 (11.2%) $662,852 (25.8%) 0.00 291
    2021-12-01 $361,250 (7.2%) $668,529 (25.8%) 0.00 283
    2022-01-01 $389,000 (19.7%) $701,672 (30.1%) 0.00 237
    2022-02-01 $363,950 (9.3%) $715,556 (27.0%) 0.00 182
    2022-03-01 $399,000 (17.4%) $743,853 (27.3%) 0.00 169
    2022-04-01 $425,000 (22.3%) $765,810 (21.3%) 0.00 176
    2022-05-01 $438,437 (14.0%) $724,204 (6.9%) 0.00 201
    2022-06-01 $484,950 (27.0%) $752,712 (11.2%) 0.00 230
    2022-07-01 $484,000 (21.0%) $748,563 (3.3%) 0.00 245
    2022-08-01 $499,529 (24.9%) $777,349 (13.0%) 0.00 267
    2022-09-01 $504,675 (22.8%) $772,350 (11.7%) 0.00 249
    2022-10-01 $529,998 (32.5%) $771,100 (10.0%) 0.00 238
    2022-11-01 $490,725 (26.3%) $713,726 (7.7%) 0.00 248
    2022-12-01 $445,000 (23.2%) $667,453 (-0.2%) 0.00 244
    2023-01-01 $476,000 (22.4%) $671,795 (-4.3%) 0.00 255
    2023-02-01 $459,993 (26.4%) $702,994 (-1.8%) 0.00 259
    2023-03-01 $462,495 (15.9%) $683,458 (-8.1%) 0.00 281
    2023-04-01 $459,990 (8.2%) $701,975 (-8.3%) 0.00 292
    2023-05-01 $431,975 (-1.5%) $679,696 (-6.2%) 0.00 274
    2023-06-01 $444,950 (-8.3%) $671,904 (-10.7%) 0.00 280
    2023-07-01 $462,400 (-4.5%) $674,133 (-9.9%) 0.00 282
    2023-08-01 $488,200 (-2.3%) $715,023 (-8.0%) 0.00 284
    2023-09-01 $484,500 (-4.0%) $742,244 (-3.9%) 0.00 309
    2023-10-01 $492,348 (-7.1%) $765,198 (-0.8%) 0.00 332
    Georgetown's median listing price for 2023-10-01 was $492,348, a difference of $-37,650 (-7.1%) versus the prior year and $7,848 versus the prior month.

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

    Georgetown's average listing price for 2023-10-01 was $765,198, a difference of $-5,902 (-0.8%) versus the prior year and $22,954 versus the prior month.

    For the 2023-10-01 period, Georgetown had 332 MLS listings, a difference of 23 listings (7%) versus the prior month and 94 listings (39%) 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 2,089 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 2,101 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 2,101 sqft
    2018-12-01 0 days 2,001 sqft
    2019-01-01 0 days 2,001 sqft
    2019-02-01 0 days 2,101 sqft
    2019-03-01 0 days 2,058 sqft
    2019-04-01 0 days 2,001 sqft
    2019-05-01 0 days 1,994 sqft
    2019-06-01 0 days 2,001 sqft
    2019-07-01 0 days 2,085 sqft
    2019-08-01 0 days 2,079 sqft
    2019-09-01 0 days 2,063 sqft
    2019-10-01 0 days 2,052 sqft
    2019-11-01 0 days 2,051 sqft
    2019-12-01 0 days 2,013 sqft
    2020-01-01 0 days 2,022 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 1,849 sqft
    2020-12-01 0 days 1,838 sqft
    2021-01-01 0 days 1,846 sqft
    2021-02-01 0 days 1,872 sqft
    2021-03-01 0 days 1,851 sqft
    2021-04-01 0 days 1,911 sqft
    2021-05-01 0 days 2,016 sqft
    2021-06-01 0 days 1,983 sqft
    2021-07-01 0 days 1,984 sqft
    2021-08-01 0 days 2,016 sqft
    2021-09-01 0 days 2,025 sqft
    2021-10-01 0 days 2,007 sqft
    2021-11-01 0 days 1,990 sqft
    2021-12-01 0 days 1,935 sqft
    2022-01-01 0 days 1,939 sqft
    2022-02-01 0 days 1,925 sqft
    2022-03-01 0 days 1,890 sqft
    2022-04-01 0 days 1,900 sqft
    2022-05-01 0 days 2,033 sqft
    2022-06-01 0 days 2,176 sqft
    2022-07-01 0 days 2,155 sqft
    2022-08-01 0 days 2,190 sqft
    2022-09-01 0 days 2,168 sqft
    2022-10-01 0 days 2,174 sqft
    2022-11-01 0 days 2,102 sqft
    2022-12-01 0 days 2,038 sqft
    2023-01-01 0 days 2,107 sqft
    2023-02-01 0 days 2,086 sqft
    2023-03-01 0 days 2,102 sqft
    2023-04-01 0 days 2,056 sqft
    2023-05-01 0 days 1,873 sqft
    2023-06-01 0 days 1,884 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
    Georgetown's median listing age (time on market) for 2023-10-01 was 0 days.

    Georgetown's median square footage for active listings during the 2023-10-01 period was 1,874 sqft. One year prior, the average listing was 2,174 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.