Greenwood VA Loan Rates, Closing Costs & Stats

Greenwood, SC

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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 43 lenders originated 95 VA loans during 2023. The total origination value was $23,735,000, with an average VA loan value of $249,842.

    Greenwood VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Greenwood averaged 6.63% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Greenwood's average VA mortgage closing costs are $5,724.

    The average rate for the prior week (2025-02-07) was 6.47% and one month ago for the week of 2025-01-10, the average rate was 6.7%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.43%.

    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 9 6.55% $4,244
    ACOPIA, LLC 9 6.64% $4,564
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 8 6.44% $6,375
    QUICKEN LOANS, LLC 8 5.93% $11,892
    DHI MORTGAGE COMPANY, LTD. 5 5.20% $4,080
    NEW DAY FINANCIAL, LLC 4 7.02% $11,553
    UNION HOME MORTGAGE CORP. 4 5.97% $9,057
    UNITED WHOLESALE MORTGAGE, LLC 3 6.71% $5,144
    CHURCHILL MORTGAGE CORPORATION 2 6.00% $5,023
    CROSSCOUNTRY MORTGAGE, LLC 2 5.88% $2,400
    FREEDOM MORTGAGE CORPORATION 2 6.50% $11,322
    LOANDEPOT.COM, LLC 2 6.31% $6,038
    NAVY FEDERAL CREDIT UNION 2 5.94% $5,070
    SOVEREIGN LENDING GROUP INCORPORATED 1 4.99% $12,431
    CAPITAL CENTER, L.L.C. 1 7.00% $4,160
    First-Citizens Bank & Trust Company 1 5.88% $10,484
    Flagstar Bank, FSB 1 6.13% $11,397
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.13% $3,423
    HOMESTAR FINANCIAL CORPORATION 1 6.75% $5,087
    AMERICAN FINANCING CORPORATION 1 6.25% $16,599
    Magnolia Bank 1 6.25% $21,275
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.25% $5,815
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $5,588
    MOVEMENT MORTGAGE, LLC 1 7.13% $3,388
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $10,360
    Nations Lending Corporation 1 6.25% $11,122
    USAA Federal Savings Bank 1 6.50% $10,705
    Ameris Bank 1 5.75% $6,553
    NEWREZ LLC 1 6.75% $8,765
    ON Q FINANCIAL, INC. 1 6.13% $12,343
    Paramount Residential Mortgage Group, Inc. 1 7.63% $4,548
    PENNYMAC LOAN SERVICES, LLC 1 4.75% $3,581
    PENTAGON FEDERAL CREDIT UNION 1 5.38% $3,641
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $4,730
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $4,339
    RELIANCE FIRST CAPITAL, LLC 1 7.25% $1,501
    SENTE MORTGAGE, INC. 1 7.13% $7,667
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $12,990
    SOUTHWEST STAGE FUNDING, LLC 1 6.88% $0
    Carrington Mortgage Services, LLC 1 5.13% $5,327
    CARDINAL FINANCIAL 1 7.75% $16,850
    CMG MORTGAGE, INC. 1 6.50% $5,986
    Countybank 1 6.00% $3,263

    The top Greenwood VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $4,244, which is $320 lower than the next largest lender, ACOPIA, LLC.

    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 $175,200 (10.3%) $239,340 (4.7%) 0.00 242
    2018-02-01 $172,400 (10.6%) $239,897 (5.8%) 0.00 237
    2018-03-01 $174,900 (10.1%) $245,927 (5.9%) 0.00 279
    2018-04-01 $178,300 (-0.4%) $246,314 (3.9%) 0.00 291
    2018-05-01 $182,950 (1.9%) $252,837 (5.7%) 0.00 297
    2018-06-01 $192,000 (8.5%) $254,080 (8.0%) 0.00 297
    2018-07-01 $199,450 (9.6%) $260,130 (7.5%) 0.00 286
    2018-08-01 $189,900 (2.7%) $252,266 (3.0%) 0.00 284
    2018-09-01 $199,000 (5.0%) $253,113 (1.2%) 0.00 290
    2018-10-01 $199,450 (7.8%) $251,812 (-0.4%) 0.00 274
    2018-11-01 $192,525 (2.2%) $253,524 (1.4%) 0.00 263
    2018-12-01 $189,999 (6.1%) $257,312 (4.3%) 0.00 237
    2019-01-01 $191,114 (9.1%) $260,673 (8.9%) 0.00 227
    2019-02-01 $187,000 (8.5%) $260,635 (8.6%) 0.00 214
    2019-03-01 $199,900 (14.3%) $273,097 (11.1%) 0.00 201
    2019-04-01 $217,950 (22.2%) $286,609 (16.4%) 0.00 199
    2019-05-01 $254,575 (39.2%) $311,203 (23.1%) 0.00 230
    2019-06-01 $235,000 (22.4%) $316,831 (24.7%) 0.00 228
    2019-07-01 $236,978 (18.8%) $319,453 (22.8%) 0.00 254
    2019-08-01 $241,089 (27.0%) $327,377 (29.8%) 0.00 255
    2019-09-01 $251,417 (26.3%) $332,177 (31.2%) 0.00 251
    2019-10-01 $258,302 (29.5%) $335,377 (33.2%) 0.00 249
    2019-11-01 $249,900 (29.8%) $318,394 (25.6%) 0.00 255
    2019-12-01 $244,925 (28.9%) $315,471 (22.6%) 0.00 232
    2020-01-01 $247,425 (29.5%) $316,204 (21.3%) 0.00 227
    2020-02-01 $249,900 (33.6%) $314,942 (20.8%) 0.00 223
    2020-03-01 $273,350 (36.7%) $327,060 (19.8%) 0.00 213
    2020-04-01 $275,000 (26.2%) $332,894 (16.2%) 0.00 218
    2020-05-01 $279,000 (9.6%) $340,419 (9.4%) 0.00 218
    2020-06-01 $292,350 (24.4%) $345,251 (9.0%) 0.00 192
    2020-07-01 $291,925 (23.2%) $347,332 (8.7%) 0.00 161
    2020-08-01 $283,500 (17.6%) $315,626 (-3.6%) 0.00 156
    2020-09-01 $275,850 (9.7%) $312,653 (-5.9%) 0.00 162
    2020-10-01 $269,900 (4.5%) $315,353 (-6.0%) 0.00 160
    2020-11-01 $275,975 (10.4%) $324,919 (2.1%) 0.00 133
    2020-12-01 $270,560 (10.5%) $329,714 (4.5%) 0.00 103
    2021-01-01 $244,250 (-1.3%) $301,395 (-4.7%) 0.00 87
    2021-02-01 $233,568 (-6.5%) $285,720 (-9.3%) 0.00 85
    2021-03-01 $262,700 (-3.9%) $337,969 (3.3%) 0.00 82
    2021-04-01 $261,500 (-4.9%) $354,760 (6.6%) 0.00 70
    2021-05-01 $249,900 (-10.4%) $323,970 (-4.8%) 0.00 66
    2021-06-01 $241,500 (-17.4%) $311,613 (-9.7%) 0.00 78
    2021-07-01 $249,900 (-14.4%) $313,171 (-9.8%) 0.00 83
    2021-08-01 $245,473 (-13.4%) $301,820 (-4.4%) 0.00 107
    2021-09-01 $250,248 (-9.3%) $285,677 (-8.6%) 0.00 126
    2021-10-01 $225,000 (-16.6%) $264,246 (-16.2%) 0.00 129
    2021-11-01 $240,950 (-12.7%) $269,211 (-17.2%) 0.00 137
    2021-12-01 $249,950 (-7.6%) $275,503 (-16.4%) 0.00 145
    2022-01-01 $280,000 (14.6%) $307,326 (2.0%) 0.00 119
    2022-02-01 $281,875 (20.7%) $303,780 (6.3%) 0.00 125
    2022-03-01 $276,945 (5.4%) $308,647 (-8.7%) 0.00 122
    2022-04-01 $292,500 (11.9%) $331,865 (-6.5%) 0.00 118
    2022-05-01 $297,725 (19.1%) $353,749 (9.2%) 0.00 125
    2022-06-01 $279,175 (15.6%) $341,927 (9.7%) 0.00 142
    2022-07-01 $282,250 (13.0%) $357,471 (14.2%) 0.00 153
    2022-08-01 $278,250 (13.4%) $341,972 (13.3%) 0.00 166
    2022-09-01 $276,000 (10.3%) $353,521 (23.8%) 0.00 190
    2022-10-01 $281,000 (24.9%) $361,542 (36.8%) 0.00 192
    2022-11-01 $280,500 (16.4%) $349,758 (29.9%) 0.00 192
    2022-12-01 $275,245 (10.1%) $342,181 (24.2%) 0.00 191
    2023-01-01 $277,073 (-1.1%) $346,283 (12.7%) 0.00 178
    2023-02-01 $291,240 (3.3%) $369,062 (21.5%) 0.00 159
    2023-03-01 $291,740 (5.3%) $378,506 (22.6%) 0.00 153
    2023-04-01 $299,900 (2.5%) $380,055 (14.5%) 0.00 143
    2023-05-01 $314,675 (5.7%) $397,345 (12.3%) 0.00 143
    2023-06-01 $319,925 (14.6%) $412,536 (20.7%) 0.00 157
    2023-07-01 $299,900 (6.3%) $391,263 (9.5%) 0.00 145
    2023-08-01 $299,000 (7.5%) $375,334 (9.8%) 0.00 152
    2023-09-01 $285,000 (3.3%) $370,753 (4.9%) 0.00 166
    2023-10-01 $279,450 (-0.6%) $352,151 (-2.6%) 0.00 179
    2023-11-01 $287,450 (2.5%) $358,323 (2.5%) 0.00 189
    2023-12-01 $281,990 (2.5%) $337,037 (-1.5%) 0.00 198
    2024-01-01 $297,125 (7.2%) $339,852 (-1.9%) 0.00 185
    2024-02-01 $292,950 (0.6%) $339,930 (-7.9%) 0.00 189
    2024-03-01 $294,900 (1.1%) $350,982 (-7.3%) 0.00 218
    2024-04-01 $299,900 (0.0%) $348,271 (-8.4%) 0.00 240
    2024-05-01 $288,950 (-8.2%) $354,868 (-10.7%) 0.00 226
    2024-06-01 $299,000 (-6.5%) $352,822 (-14.5%) 0.00 249
    2024-07-01 $293,250 (-2.2%) $355,275 (-9.2%) 0.00 244
    2024-08-01 $299,945 (0.3%) $370,160 (-1.4%) 0.00 258
    2024-09-01 $296,125 (3.9%) $362,706 (-2.2%) 0.00 249
    2024-10-01 $293,269 (4.9%) $365,499 (3.8%) 0.00 228
    2024-11-01 $267,500 (-6.9%) $343,241 (-4.2%) 0.00 234
    2024-12-01 $271,200 (-3.8%) $324,584 (-3.7%) 0.00 240
    2025-01-01 $274,000 (-7.8%) $319,937 (-5.9%) 0.00 232
    Greenwood's median listing price for 2025-01-01 was $274,000, a difference of $-23,125 (-7.8%) versus the prior year and $2,800 versus the prior month.

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

    Greenwood's average listing price for 2025-01-01 was $319,937, a difference of $-19,915 (-5.9%) versus the prior year and $-4,647 versus the prior month.

    For the 2025-01-01 period, Greenwood had 232 MLS listings, a difference of -8 listings (-3%) versus the prior month and 47 listings (25%) 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 1,909 sqft
    2018-02-01 0 days 1,900 sqft
    2018-03-01 0 days 1,950 sqft
    2018-04-01 0 days 1,931 sqft
    2018-05-01 0 days 1,943 sqft
    2018-06-01 0 days 1,950 sqft
    2018-07-01 0 days 1,971 sqft
    2018-08-01 0 days 1,996 sqft
    2018-09-01 0 days 2,026 sqft
    2018-10-01 0 days 2,061 sqft
    2018-11-01 0 days 2,098 sqft
    2018-12-01 0 days 2,086 sqft
    2019-01-01 0 days 2,030 sqft
    2019-02-01 0 days 1,964 sqft
    2019-03-01 0 days 2,019 sqft
    2019-04-01 0 days 2,090 sqft
    2019-05-01 0 days 2,086 sqft
    2019-06-01 0 days 2,084 sqft
    2019-07-01 0 days 2,099 sqft
    2019-08-01 0 days 2,124 sqft
    2019-09-01 0 days 2,161 sqft
    2019-10-01 0 days 2,186 sqft
    2019-11-01 0 days 2,190 sqft
    2019-12-01 0 days 2,161 sqft
    2020-01-01 0 days 2,203 sqft
    2020-02-01 0 days 2,167 sqft
    2020-03-01 0 days 2,216 sqft
    2020-04-01 0 days 2,228 sqft
    2020-05-01 0 days 2,288 sqft
    2020-06-01 0 days 2,312 sqft
    2020-07-01 0 days 2,359 sqft
    2020-08-01 0 days 2,312 sqft
    2020-09-01 0 days 2,427 sqft
    2020-10-01 0 days 2,399 sqft
    2020-11-01 0 days 2,361 sqft
    2020-12-01 0 days 2,294 sqft
    2021-01-01 0 days 2,200 sqft
    2021-02-01 0 days 2,207 sqft
    2021-03-01 0 days 2,243 sqft
    2021-04-01 0 days 2,211 sqft
    2021-05-01 0 days 2,046 sqft
    2021-06-01 0 days 1,878 sqft
    2021-07-01 0 days 2,100 sqft
    2021-08-01 0 days 1,973 sqft
    2021-09-01 0 days 1,849 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,832 sqft
    2021-12-01 0 days 1,855 sqft
    2022-01-01 0 days 1,881 sqft
    2022-02-01 0 days 1,874 sqft
    2022-03-01 0 days 1,879 sqft
    2022-04-01 0 days 1,874 sqft
    2022-05-01 0 days 1,879 sqft
    2022-06-01 0 days 1,878 sqft
    2022-07-01 0 days 1,862 sqft
    2022-08-01 0 days 1,889 sqft
    2022-09-01 0 days 1,899 sqft
    2022-10-01 0 days 1,900 sqft
    2022-11-01 0 days 1,900 sqft
    2022-12-01 0 days 1,928 sqft
    2023-01-01 0 days 1,937 sqft
    2023-02-01 0 days 1,965 sqft
    2023-03-01 0 days 1,981 sqft
    2023-04-01 0 days 2,000 sqft
    2023-05-01 0 days 2,000 sqft
    2023-06-01 0 days 1,995 sqft
    2023-07-01 0 days 1,958 sqft
    2023-08-01 0 days 1,878 sqft
    2023-09-01 0 days 1,880 sqft
    2023-10-01 0 days 1,825 sqft
    2023-11-01 0 days 1,849 sqft
    2023-12-01 0 days 1,900 sqft
    2024-01-01 0 days 1,872 sqft
    2024-02-01 0 days 1,864 sqft
    2024-03-01 0 days 1,928 sqft
    2024-04-01 0 days 1,964 sqft
    2024-05-01 0 days 1,892 sqft
    2024-06-01 0 days 1,824 sqft
    2024-07-01 0 days 1,743 sqft
    2024-08-01 0 days 1,746 sqft
    2024-09-01 0 days 1,750 sqft
    2024-10-01 0 days 1,777 sqft
    2024-11-01 0 days 1,778 sqft
    2024-12-01 0 days 1,776 sqft
    2025-01-01 0 days 1,773 sqft
    Greenwood's median listing age (time on market) for 2025-01-01 was 0 days.

    Greenwood's median square footage for active listings during the 2025-01-01 period was 1,773 sqft. One year prior, the average listing was 1,872 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.