Greenville VA Loan Rates, Closing Costs & Stats

Greenville, MS

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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.

    Greenville's 10 lenders originated 16 VA loans during 2023. The total origination value was $3,260,000, with an average VA loan value of $203,750.

    Greenville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Greenville averaged 6.81% for the week of 2024-04-26, compared to the national average (all VA variants) of 6.757% for the same period.

    Greenville's average VA mortgage closing costs are $3,859.

    The average rate for the prior week (2024-04-19) was 6.81% and one month ago for the week of 2024-03-22, the average rate was 6.55%.

    The average rate one year ago was 6.3%.

    For refis of the same type during the week of 2024-04-26, the average rate was 6.76%.

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

    Greenville 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 Greenville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 4 6.66% $3,212
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 8.25% $1,251
    Regions Bank 2 6.00% $5,449
    AMERISAVE MORTGAGE CORPORATION 1 6.63% $5,257
    NAVY FEDERAL CREDIT UNION 1 7.00% $156
    NEW DAY FINANCIAL, LLC 1 8.49% $7,521
    PLANET HOME LENDING, LLC 1 7.63% $11,292
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $740
    Arvest Bank 1 6.00% $12,974
    GUARANTY HOME MORTGAGE CORPORATION 1 7.25% $5,007

    The top Greenville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4 VA loans originated. Their average total fees are $3,212, which is $1,961 higher than the next largest lender, EUSTIS AND AMERICAN MORTGAGE COMPANY.

    The lowest fee Greenville VA lenders (with over 10 loans originated) are .

    The lowest rate Greenville VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Greenville (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 $123,625 (25.2%) $148,651 (11.7%) 0.00 120
    2018-02-01 $140,500 (36.4%) $154,788 (8.2%) 0.00 128
    2018-03-01 $140,000 (35.3%) $155,251 (1.8%) 0.00 133
    2018-04-01 $141,500 (20.9%) $159,303 (-1.3%) 0.00 132
    2018-05-01 $135,000 (13.5%) $152,460 (-2.8%) 0.00 136
    2018-06-01 $122,000 (-10.0%) $142,479 (-14.0%) 0.00 147
    2018-07-01 $135,000 (9.8%) $143,522 (-7.4%) 0.00 142
    2018-08-01 $128,450 (7.0%) $139,911 (-8.3%) 0.00 135
    2018-09-01 $119,000 (-0.4%) $139,772 (-5.6%) 0.00 132
    2018-10-01 $119,250 (-0.6%) $141,394 (-2.1%) 0.00 143
    2018-11-01 $123,225 (2.7%) $139,577 (-2.2%) 0.00 138
    2018-12-01 $130,000 (8.3%) $144,745 (1.0%) 0.00 128
    2019-01-01 $130,000 (5.2%) $148,057 (-0.4%) 0.00 113
    2019-02-01 $124,350 (-11.5%) $147,043 (-5.0%) 0.00 110
    2019-03-01 $121,321 (-13.3%) $144,565 (-6.9%) 0.00 106
    2019-04-01 $123,500 (-12.7%) $144,623 (-9.2%) 0.00 110
    2019-05-01 $121,125 (-10.3%) $143,340 (-6.0%) 0.00 116
    2019-06-01 $125,000 (2.5%) $143,742 (0.9%) 0.00 115
    2019-07-01 $128,225 (-5.0%) $149,997 (4.5%) 0.00 103
    2019-08-01 $119,691 (-6.8%) $144,586 (3.3%) 0.00 98
    2019-09-01 $108,052 (-9.2%) $137,499 (-1.6%) 0.00 103
    2019-10-01 $99,625 (-16.5%) $133,664 (-5.5%) 0.00 106
    2019-11-01 $110,000 (-10.7%) $133,418 (-4.4%) 0.00 113
    2019-12-01 $98,750 (-24.0%) $129,567 (-10.5%) 0.00 110
    2020-01-01 $106,125 (-18.4%) $128,213 (-13.4%) 0.00 105
    2020-02-01 $114,950 (-7.6%) $141,561 (-3.7%) 0.00 117
    2020-03-01 $124,950 (3.0%) $148,632 (2.8%) 0.00 119
    2020-04-01 $114,950 (-6.9%) $149,408 (3.3%) 0.00 119
    2020-05-01 $125,000 (3.2%) $155,807 (8.7%) 0.00 108
    2020-06-01 $123,750 (-1.0%) $159,090 (10.7%) 0.00 107
    2020-07-01 $125,000 (-2.5%) $158,746 (5.8%) 0.00 103
    2020-08-01 $120,000 (0.3%) $158,717 (9.8%) 0.00 102
    2020-09-01 $119,900 (11.0%) $154,705 (12.5%) 0.00 91
    2020-10-01 $119,500 (20.0%) $159,869 (19.6%) 0.00 89
    2020-11-01 $109,750 (-0.2%) $154,683 (15.9%) 0.00 95
    2020-12-01 $110,000 (11.4%) $157,048 (21.2%) 0.00 88
    2021-01-01 $110,000 (3.7%) $158,116 (23.3%) 0.00 86
    2021-02-01 $106,250 (-7.6%) $150,548 (6.4%) 0.00 87
    2021-03-01 $114,500 (-8.4%) $154,150 (3.7%) 0.00 77
    2021-04-01 $120,000 (4.4%) $157,559 (5.5%) 0.00 74
    2021-05-01 $135,000 (8.0%) $168,334 (8.0%) 0.00 65
    2021-06-01 $136,250 (10.1%) $179,195 (12.6%) 0.00 66
    2021-07-01 $129,000 (3.2%) $176,869 (11.4%) 0.00 64
    2021-08-01 $129,750 (8.1%) $181,769 (14.5%) 0.00 57
    2021-09-01 $130,125 (8.5%) $173,257 (12.0%) 0.00 58
    2021-10-01 $128,500 (7.5%) $160,327 (0.3%) 0.00 70
    2021-11-01 $129,000 (17.5%) $162,575 (5.1%) 0.00 75
    2021-12-01 $129,250 (17.5%) $170,985 (8.9%) 0.00 67
    2022-01-01 $129,900 (18.1%) $184,405 (16.6%) 0.00 65
    2022-02-01 $125,000 (17.7%) $174,498 (15.9%) 0.00 57
    2022-03-01 $100,000 (-12.7%) $155,993 (1.2%) 0.00 55
    2022-04-01 $139,950 (16.6%) $187,530 (19.0%) 0.00 49
    2022-05-01 $138,950 (2.9%) $172,128 (2.3%) 0.00 51
    2022-06-01 $136,000 (-0.2%) $156,507 (-12.7%) 0.00 51
    2022-07-01 $142,900 (10.8%) $160,291 (-9.4%) 0.00 62
    2022-08-01 $144,625 (11.5%) $161,288 (-11.3%) 0.00 70
    2022-09-01 $149,250 (14.7%) $172,164 (-0.6%) 0.00 67
    2022-10-01 $136,450 (6.2%) $164,016 (2.3%) 0.00 66
    2022-11-01 $135,000 (4.7%) $157,943 (-2.9%) 0.00 66
    2022-12-01 $135,000 (4.5%) $158,798 (-7.1%) 0.00 70
    2023-01-01 $134,998 (3.9%) $156,109 (-15.3%) 0.00 68
    2023-02-01 $128,750 (3.0%) $160,465 (-8.0%) 0.00 64
    2023-03-01 $125,000 (25.0%) $153,021 (-1.9%) 0.00 70
    2023-04-01 $135,000 (-3.5%) $159,078 (-15.2%) 0.00 73
    2023-05-01 $130,873 (-5.8%) $163,222 (-5.2%) 0.00 63
    2023-06-01 $124,975 (-8.1%) $157,278 (0.5%) 0.00 65
    2023-07-01 $117,000 (-18.1%) $153,098 (-4.5%) 0.00 66
    2023-08-01 $114,500 (-20.8%) $153,526 (-4.8%) 0.00 63
    2023-09-01 $111,000 (-25.6%) $148,474 (-13.8%) 0.00 64
    2023-10-01 $97,000 (-28.9%) $137,613 (-16.1%) 0.00 74
    2023-11-01 $95,000 (-29.6%) $126,819 (-19.7%) 0.00 75
    2023-12-01 $97,000 (-28.2%) $130,979 (-17.5%) 0.00 72
    2024-01-01 $123,375 (-8.6%) $138,667 (-11.2%) 0.00 78
    2024-02-01 $118,125 (-8.3%) $141,323 (-11.9%) 0.00 74
    2024-03-01 $135,000 (8.0%) $162,670 (6.3%) 0.00 68
    Greenville's median listing price for 2024-03-01 was $135,000, a difference of $10,000 (8.0%) versus the prior year and $16,875 versus the prior month.

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

    Greenville's average listing price for 2024-03-01 was $162,670, a difference of $9,649 (6.3%) versus the prior year and $21,347 versus the prior month.

    For the 2024-03-01 period, Greenville had 68 MLS listings, a difference of -6 listings (-8%) versus the prior month and -2 listings (-3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Greenville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,971 sqft
    2018-02-01 0 days 2,140 sqft
    2018-03-01 0 days 2,140 sqft
    2018-04-01 0 days 2,152 sqft
    2018-05-01 0 days 2,069 sqft
    2018-06-01 0 days 1,998 sqft
    2018-07-01 0 days 2,030 sqft
    2018-08-01 0 days 1,997 sqft
    2018-09-01 0 days 2,030 sqft
    2018-10-01 0 days 2,042 sqft
    2018-11-01 0 days 1,997 sqft
    2018-12-01 0 days 2,035 sqft
    2019-01-01 0 days 2,054 sqft
    2019-02-01 0 days 2,090 sqft
    2019-03-01 0 days 2,088 sqft
    2019-04-01 0 days 2,100 sqft
    2019-05-01 0 days 2,045 sqft
    2019-06-01 0 days 2,039 sqft
    2019-07-01 0 days 2,016 sqft
    2019-08-01 0 days 1,959 sqft
    2019-09-01 0 days 1,895 sqft
    2019-10-01 0 days 1,861 sqft
    2019-11-01 0 days 1,884 sqft
    2019-12-01 0 days 1,885 sqft
    2020-01-01 0 days 1,895 sqft
    2020-02-01 0 days 1,966 sqft
    2020-03-01 0 days 1,996 sqft
    2020-04-01 0 days 1,920 sqft
    2020-05-01 0 days 2,000 sqft
    2020-06-01 0 days 2,036 sqft
    2020-07-01 0 days 1,994 sqft
    2020-08-01 0 days 2,165 sqft
    2020-09-01 0 days 2,142 sqft
    2020-10-01 0 days 2,121 sqft
    2020-11-01 0 days 1,876 sqft
    2020-12-01 0 days 2,020 sqft
    2021-01-01 0 days 1,961 sqft
    2021-02-01 0 days 1,835 sqft
    2021-03-01 0 days 1,923 sqft
    2021-04-01 0 days 1,967 sqft
    2021-05-01 0 days 2,131 sqft
    2021-06-01 0 days 2,297 sqft
    2021-07-01 0 days 2,207 sqft
    2021-08-01 0 days 2,230 sqft
    2021-09-01 0 days 2,126 sqft
    2021-10-01 0 days 1,896 sqft
    2021-11-01 0 days 1,765 sqft
    2021-12-01 0 days 1,700 sqft
    2022-01-01 0 days 1,868 sqft
    2022-02-01 0 days 1,820 sqft
    2022-03-01 0 days 1,672 sqft
    2022-04-01 0 days 1,950 sqft
    2022-05-01 0 days 1,907 sqft
    2022-06-01 0 days 1,842 sqft
    2022-07-01 0 days 1,811 sqft
    2022-08-01 0 days 1,745 sqft
    2022-09-01 0 days 1,800 sqft
    2022-10-01 0 days 1,736 sqft
    2022-11-01 0 days 1,761 sqft
    2022-12-01 0 days 1,775 sqft
    2023-01-01 0 days 1,727 sqft
    2023-02-01 0 days 1,749 sqft
    2023-03-01 0 days 1,711 sqft
    2023-04-01 0 days 1,749 sqft
    2023-05-01 0 days 1,710 sqft
    2023-06-01 0 days 1,648 sqft
    2023-07-01 0 days 1,688 sqft
    2023-08-01 0 days 1,734 sqft
    2023-09-01 0 days 1,797 sqft
    2023-10-01 0 days 1,657 sqft
    2023-11-01 0 days 1,489 sqft
    2023-12-01 0 days 1,531 sqft
    2024-01-01 0 days 1,682 sqft
    2024-02-01 0 days 1,674 sqft
    2024-03-01 0 days 1,845 sqft
    Greenville's median listing age (time on market) for 2024-03-01 was 0 days.

    Greenville's median square footage for active listings during the 2024-03-01 period was 1,845 sqft. One year prior, the average listing was 1,711 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.