Greenwood VA Loan Rates, Closing Costs & Stats
Greenwood, 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.
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
6.97%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Greenwood's average VA mortgage closing costs are $3,467.
The average rate for the prior week (2024-04-12) was
6.7% and
one month ago for the week of 2024-03-15, the
average rate was 6.46%.
The average rate one year ago was 6.35%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.76%.
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 |
Greenwood's median listing price comes in at 0% of the national average.
Greenwood's average listing price for 2024-03-01 was $193,740, a difference of $9,633 (5.2%) versus the prior year and $17,699 versus the prior month.
For the 2024-03-01 period, Greenwood had 58 MLS listings, a difference of 1 listings (2%) versus the prior month and -10 listings (-15%) 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 |
Greenwood's median square footage for active listings during the 2024-03-01 period was 1,797 sqft. One year prior, the average listing was 1,830 sqft.