Greenwood VA Loan Rates, Closing Costs & Stats

Greenwood, 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.

    Greenwood's 7 lenders originated 11 VA loans during 2023. The total origination value was $2,285,000, with an average VA loan value of $207,727.

    Greenwood VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Greenwood averaged 0.41% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Greenwood's average VA mortgage closing costs are $3,467.

    The average rate for the prior week (2024-11-08) was 6.62% and one month ago for the week of 2024-10-11, the average rate was 5.99%.

    The average rate one year ago was 7.48%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

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

    Greenwood 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 Greenwood level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 5 6.92% $2,835
    Mid-Continent Funding, Inc. 1 5.75% $10,048
    COMMUNITY MORTGAGE CORPORATION 1 6.99% $7,783
    Nations Lending Corporation 1 7.75% $3,395
    NAVY FEDERAL CREDIT UNION 1 5.63% $15,394
    Regions Bank 1 5.25% $8,678
    Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $9,910

    The top Greenwood VA lender as defined by loan originations is Mortgage Research Center, LLC, with 5 VA loans originated. Their average total fees are $2,835, which is $7,213 lower than the next largest lender, Mid-Continent Funding, Inc..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Greenwood (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 $104,775 (-2.4%) $159,245 (1.4%) 0.00 127
    2018-02-01 $99,750 (-0.2%) $154,067 (3.9%) 0.00 130
    2018-03-01 $99,500 (-0.4%) $157,693 (7.6%) 0.00 133
    2018-04-01 $104,775 (3.7%) $153,737 (0.3%) 0.00 142
    2018-05-01 $112,000 (11.7%) $151,979 (-2.1%) 0.00 142
    2018-06-01 $120,350 (25.2%) $153,254 (2.2%) 0.00 138
    2018-07-01 $116,500 (20.7%) $149,317 (-4.2%) 0.00 141
    2018-08-01 $114,000 (17.5%) $149,159 (-4.5%) 0.00 150
    2018-09-01 $116,000 (22.1%) $151,771 (-3.4%) 0.00 142
    2018-10-01 $119,495 (17.3%) $140,079 (-13.9%) 0.00 139
    2018-11-01 $119,248 (10.9%) $137,800 (-12.8%) 0.00 137
    2018-12-01 $119,000 (19.0%) $138,020 (-11.6%) 0.00 118
    2019-01-01 $120,423 (14.9%) $139,916 (-12.1%) 0.00 116
    2019-02-01 $118,998 (19.3%) $151,940 (-1.4%) 0.00 109
    2019-03-01 $117,593 (18.2%) $160,458 (1.8%) 0.00 114
    2019-04-01 $111,375 (6.3%) $161,139 (4.8%) 0.00 119
    2019-05-01 $119,000 (6.3%) $172,203 (13.3%) 0.00 127
    2019-06-01 $114,900 (-4.5%) $154,347 (0.7%) 0.00 139
    2019-07-01 $117,750 (1.1%) $155,600 (4.2%) 0.00 131
    2019-08-01 $118,273 (3.8%) $162,008 (8.6%) 0.00 129
    2019-09-01 $127,682 (10.1%) $171,557 (13.0%) 0.00 127
    2019-10-01 $135,000 (13.0%) $178,975 (27.8%) 0.00 125
    2019-11-01 $135,000 (13.2%) $196,418 (42.5%) 0.00 131
    2019-12-01 $132,750 (11.6%) $195,478 (41.6%) 0.00 132
    2020-01-01 $136,000 (12.9%) $203,711 (45.6%) 0.00 124
    2020-02-01 $139,950 (17.6%) $212,950 (40.2%) 0.00 131
    2020-03-01 $133,500 (13.5%) $208,700 (30.1%) 0.00 126
    2020-04-01 $131,250 (17.9%) $210,154 (30.4%) 0.00 124
    2020-05-01 $129,500 (8.8%) $164,129 (-4.7%) 0.00 120
    2020-06-01 $129,375 (12.6%) $167,344 (8.4%) 0.00 113
    2020-07-01 $140,000 (18.9%) $175,047 (12.5%) 0.00 105
    2020-08-01 $145,000 (22.6%) $186,406 (15.1%) 0.00 98
    2020-09-01 $148,000 (15.9%) $196,538 (14.6%) 0.00 91
    2020-10-01 $147,450 (9.2%) $207,831 (16.1%) 0.00 78
    2020-11-01 $165,250 (22.4%) $224,340 (14.2%) 0.00 70
    2020-12-01 $161,750 (21.9%) $224,040 (14.6%) 0.00 64
    2021-01-01 $142,500 (4.8%) $223,418 (9.7%) 0.00 63
    2021-02-01 $143,750 (2.7%) $234,337 (10.0%) 0.00 66
    2021-03-01 $142,375 (6.7%) $222,140 (6.4%) 0.00 68
    2021-04-01 $146,250 (11.4%) $233,685 (11.2%) 0.00 61
    2021-05-01 $126,000 (-2.7%) $236,108 (43.9%) 0.00 47
    2021-06-01 $135,000 (4.4%) $213,158 (27.4%) 0.00 39
    2021-07-01 $135,000 (-3.6%) $199,995 (14.3%) 0.00 41
    2021-08-01 $122,750 (-15.3%) $203,170 (9.0%) 0.00 41
    2021-09-01 $110,750 (-25.2%) $166,436 (-15.3%) 0.00 46
    2021-10-01 $112,750 (-23.5%) $155,685 (-25.1%) 0.00 51
    2021-11-01 $100,000 (-39.5%) $138,137 (-38.4%) 0.00 48
    2021-12-01 $107,000 (-33.9%) $136,776 (-39.0%) 0.00 45
    2022-01-01 $107,000 (-24.9%) $152,754 (-31.6%) 0.00 39
    2022-02-01 $118,000 (-17.9%) $164,622 (-29.8%) 0.00 41
    2022-03-01 $119,000 (-16.4%) $173,196 (-22.0%) 0.00 41
    2022-04-01 $125,000 (-14.5%) $169,587 (-27.4%) 0.00 43
    2022-05-01 $110,625 (-12.2%) $152,478 (-35.4%) 0.00 44
    2022-06-01 $112,500 (-16.7%) $154,390 (-27.6%) 0.00 40
    2022-07-01 $117,000 (-13.3%) $155,882 (-22.1%) 0.00 42
    2022-08-01 $115,000 (-6.3%) $144,113 (-29.1%) 0.00 42
    2022-09-01 $116,750 (5.4%) $140,750 (-15.4%) 0.00 38
    2022-10-01 $117,250 (4.0%) $156,983 (0.8%) 0.00 43
    2022-11-01 $138,375 (38.4%) $179,965 (30.3%) 0.00 57
    2022-12-01 $139,500 (30.4%) $196,783 (43.9%) 0.00 58
    2023-01-01 $143,750 (34.4%) $188,710 (23.5%) 0.00 63
    2023-02-01 $155,000 (31.4%) $180,699 (9.8%) 0.00 61
    2023-03-01 $170,250 (43.1%) $184,107 (6.3%) 0.00 68
    2023-04-01 $165,500 (32.4%) $178,656 (5.4%) 0.00 70
    2023-05-01 $165,000 (49.2%) $174,972 (14.8%) 0.00 70
    2023-06-01 $152,950 (36.0%) $171,855 (11.3%) 0.00 64
    2023-07-01 $155,900 (33.3%) $178,367 (14.4%) 0.00 60
    2023-08-01 $152,250 (32.4%) $180,632 (25.3%) 0.00 56
    2023-09-01 $149,500 (28.1%) $175,816 (24.9%) 0.00 62
    2023-10-01 $150,750 (28.6%) $182,621 (16.3%) 0.00 64
    2023-11-01 $153,000 (10.6%) $186,082 (3.4%) 0.00 64
    2023-12-01 $159,000 (14.0%) $186,838 (-5.1%) 0.00 61
    2024-01-01 $149,775 (4.2%) $179,777 (-4.7%) 0.00 59
    2024-02-01 $143,500 (-7.4%) $176,041 (-2.6%) 0.00 57
    2024-03-01 $152,450 (-10.5%) $193,740 (5.2%) 0.00 58
    2024-04-01 $157,000 (-5.1%) $201,400 (12.7%) 0.00 59
    2024-05-01 $160,500 (-2.7%) $197,064 (12.6%) 0.00 63
    2024-06-01 $184,000 (20.3%) $205,819 (19.8%) 0.00 58
    2024-07-01 $167,500 (7.4%) $206,341 (15.7%) 0.00 70
    2024-08-01 $188,000 (23.5%) $227,309 (25.8%) 0.00 74
    2024-09-01 $172,813 (15.6%) $225,760 (28.4%) 0.00 76
    2024-10-01 $163,125 (8.2%) $227,379 (24.5%) 0.00 70
    Greenwood's median listing price for 2024-10-01 was $163,125, a difference of $12,375 (8.2%) versus the prior year and $-9,688 versus the prior month.

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

    Greenwood's average listing price for 2024-10-01 was $227,379, a difference of $44,758 (24.5%) versus the prior year and $1,619 versus the prior month.

    For the 2024-10-01 period, Greenwood had 70 MLS listings, a difference of -6 listings (-8%) versus the prior month and 6 listings (9%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Greenwood (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,860 sqft
    2018-02-01 0 days 1,831 sqft
    2018-03-01 0 days 1,840 sqft
    2018-04-01 0 days 1,840 sqft
    2018-05-01 0 days 1,839 sqft
    2018-06-01 0 days 1,839 sqft
    2018-07-01 0 days 1,859 sqft
    2018-08-01 0 days 1,858 sqft
    2018-09-01 0 days 1,810 sqft
    2018-10-01 0 days 1,844 sqft
    2018-11-01 0 days 1,882 sqft
    2018-12-01 0 days 1,968 sqft
    2019-01-01 0 days 1,978 sqft
    2019-02-01 0 days 1,964 sqft
    2019-03-01 0 days 1,925 sqft
    2019-04-01 0 days 1,831 sqft
    2019-05-01 0 days 1,924 sqft
    2019-06-01 0 days 1,756 sqft
    2019-07-01 0 days 1,737 sqft
    2019-08-01 0 days 1,778 sqft
    2019-09-01 0 days 1,849 sqft
    2019-10-01 0 days 1,911 sqft
    2019-11-01 0 days 1,911 sqft
    2019-12-01 0 days 1,907 sqft
    2020-01-01 0 days 1,959 sqft
    2020-02-01 0 days 2,035 sqft
    2020-03-01 0 days 2,026 sqft
    2020-04-01 0 days 2,077 sqft
    2020-05-01 0 days 2,084 sqft
    2020-06-01 0 days 2,000 sqft
    2020-07-01 0 days 2,047 sqft
    2020-08-01 0 days 2,051 sqft
    2020-09-01 0 days 2,121 sqft
    2020-10-01 0 days 2,011 sqft
    2020-11-01 0 days 2,175 sqft
    2020-12-01 0 days 2,168 sqft
    2021-01-01 0 days 2,149 sqft
    2021-02-01 0 days 2,094 sqft
    2021-03-01 0 days 2,030 sqft
    2021-04-01 0 days 2,051 sqft
    2021-05-01 0 days 2,052 sqft
    2021-06-01 0 days 1,933 sqft
    2021-07-01 0 days 1,913 sqft
    2021-08-01 0 days 1,774 sqft
    2021-09-01 0 days 1,719 sqft
    2021-10-01 0 days 1,674 sqft
    2021-11-01 0 days 1,733 sqft
    2021-12-01 0 days 1,732 sqft
    2022-01-01 0 days 1,767 sqft
    2022-02-01 0 days 1,757 sqft
    2022-03-01 0 days 1,791 sqft
    2022-04-01 0 days 1,622 sqft
    2022-05-01 0 days 1,610 sqft
    2022-06-01 0 days 1,723 sqft
    2022-07-01 0 days 1,680 sqft
    2022-08-01 0 days 1,603 sqft
    2022-09-01 0 days 1,558 sqft
    2022-10-01 0 days 1,611 sqft
    2022-11-01 0 days 1,728 sqft
    2022-12-01 0 days 1,718 sqft
    2023-01-01 0 days 1,731 sqft
    2023-02-01 0 days 1,771 sqft
    2023-03-01 0 days 1,830 sqft
    2023-04-01 0 days 1,784 sqft
    2023-05-01 0 days 1,798 sqft
    2023-06-01 0 days 1,848 sqft
    2023-07-01 0 days 1,848 sqft
    2023-08-01 0 days 1,847 sqft
    2023-09-01 0 days 1,748 sqft
    2023-10-01 0 days 1,770 sqft
    2023-11-01 0 days 1,821 sqft
    2023-12-01 0 days 1,912 sqft
    2024-01-01 0 days 1,777 sqft
    2024-02-01 0 days 1,735 sqft
    2024-03-01 0 days 1,797 sqft
    2024-04-01 0 days 1,736 sqft
    2024-05-01 0 days 1,768 sqft
    2024-06-01 0 days 1,813 sqft
    2024-07-01 0 days 1,827 sqft
    2024-08-01 0 days 2,069 sqft
    2024-09-01 0 days 1,870 sqft
    2024-10-01 0 days 1,801 sqft
    Greenwood's median listing age (time on market) for 2024-10-01 was 0 days.

    Greenwood's median square footage for active listings during the 2024-10-01 period was 1,801 sqft. One year prior, the average listing was 1,770 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.