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 29 lenders originated 92 VA loans during 2024. The total origination value was $25,620,000, with an average VA loan value of $278,478.

    Greenwood VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Greenwood averaged 0.47% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Greenwood's average VA mortgage closing costs are $5,742.

    The average rate for the prior week (2025-06-13) was 6.72% and one month ago for the week of 2025-05-16, the average rate was 6.98%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.1%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 17 6.54% $5,182
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 13 6.55% $6,019
    QUICKEN LOANS, LLC 7 6.10% $6,039
    FREEDOM MORTGAGE CORPORATION 5 6.15% $4,437
    UNITED WHOLESALE MORTGAGE, LLC 4 5.87% $3,575
    DHI MORTGAGE COMPANY, LTD. 4 5.44% $4,358
    ACOPIA, LLC 3 6.50% $3,778
    CROSSCOUNTRY MORTGAGE, LLC 3 6.42% $7,042
    NEW DAY FINANCIAL, LLC 3 7.20% $5,097
    PENNYMAC LOAN SERVICES, LLC 3 6.00% $12,516
    Mr. Cooper ( Nationstar Mortgage ) 2 5.94% $5,194
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.19% $8,391
    GUARANTEED RATE, INC. 2 6.48% $4,961
    MOVEMENT MORTGAGE, LLC 2 6.00% $3,090
    USAA Federal Savings Bank 2 6.06% $3,628
    Countybank 2 6.44% $4,561
    Waterstone Mortgage Corporation 1 6.75% $13,459
    AXIA FINANCIAL, LLC 1 6.75% $8,662
    CLEARPATH LENDING 1 5.88% $15,072
    First-Citizens Bank & Trust Company 1 5.88% $4,332
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.75% $1,563
    Gateway First Bank 1 6.13% $4,085
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $5,667
    MORTGAGE INVESTORS GROUP, INC. 1 6.63% $4,350
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $9,152
    SUN WEST MORTGAGE COMPANY, INC. 1 4.75% $7,317
    UNION HOME MORTGAGE CORP. 1 7.63% $3,046
    VERITAS FUNDING, LLC 1 6.75% $16,810
    VILLAGE CAPITAL MORTGAGE 1 5.75% $10,619

    The top Greenwood VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $5,182, which is $837 lower than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

    The lowest fee Greenwood VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,182), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($6,019), .

    The lowest rate Greenwood VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.54%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.55%), .

    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.