Greenville VA Loan Rates, Closing Costs & Stats

Greenville, MS

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 0.45% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.52% and one month ago for the week of 2024-10-25, the average rate was 6.61%.

The average rate one year ago was 7.36%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.2%.

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
2024-04-01 $124,750 (-7.6%) $162,151 (1.9%) 0.00 77
2024-05-01 $126,950 (-3.0%) $167,228 (2.5%) 0.00 74
2024-06-01 $142,000 (13.6%) $174,770 (11.1%) 0.00 74
2024-07-01 $137,975 (17.9%) $169,579 (10.8%) 0.00 86
2024-08-01 $145,000 (26.6%) $169,060 (10.1%) 0.00 68
2024-09-01 $132,000 (18.9%) $160,484 (8.1%) 0.00 70
2024-10-01 $129,000 (33.0%) $156,076 (13.4%) 0.00 81
Greenville's median listing price for 2024-10-01 was $129,000, a difference of $32,000 (33.0%) versus the prior year and $-3,000 versus the prior month.

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

Greenville's average listing price for 2024-10-01 was $156,076, a difference of $18,463 (13.4%) versus the prior year and $-4,408 versus the prior month.

For the 2024-10-01 period, Greenville had 81 MLS listings, a difference of 11 listings (16%) versus the prior month and 7 listings (9%) 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
2024-04-01 0 days 1,819 sqft
2024-05-01 0 days 1,830 sqft
2024-06-01 0 days 1,791 sqft
2024-07-01 0 days 1,819 sqft
2024-08-01 0 days 1,854 sqft
2024-09-01 0 days 1,771 sqft
2024-10-01 0 days 1,750 sqft
Greenville's median listing age (time on market) for 2024-10-01 was 0 days.

Greenville's median square footage for active listings during the 2024-10-01 period was 1,750 sqft. One year prior, the average listing was 1,657 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.