Greenwood VA Loan Rates, Closing Costs & Stats

Greenwood, SC

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 45 lenders originated 114 VA loans during 2022. The total origination value was $27,510,000, with an average VA loan value of $241,316.

Greenwood VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Greenwood averaged 6.29% for the week of 2024-02-16, compared to the national average (all VA variants) of 6.462% for the same period.

Greenwood's average VA mortgage closing costs are $5,499.

The average rate for the prior week (2024-02-09) was 6.05% and one month ago for the week of 2024-01-12, the average rate was 5.81%.

The average rate one year ago was 5.47%.

For refis of the same type during the week of 2024-02-16, the average rate was 6.26%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 15 4.53% $8,788
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 13 4.85% $7,821
Mortgage Research Center, LLC 10 4.95% $4,107
DHI MORTGAGE COMPANY, LTD. 8 3.48% $9,529
USAA Federal Savings Bank 4 4.41% $4,533
ACOPIA, LLC 4 4.44% $4,473
Wells Fargo Bank 3 4.25% $10,301
CARDINAL FINANCIAL 3 5.17% $12,347
FREEDOM MORTGAGE CORPORATION 3 5.25% $5,001
UNITED WHOLESALE MORTGAGE, LLC 3 4.20% $16,425
HOMESTAR FINANCIAL CORPORATION 3 3.96% $10,165
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.50% $4,742
LAKEVIEW LOAN SERVICING, LLC 2 2.94% $7,099
LOANDEPOT.COM, LLC 2 4.44% $3,757
Carrington Mortgage Services, LLC 2 5.25% $4,544
The Federal Savings Bank 2 4.00% $8,943
Countybank 2 3.50% $2,911
Network Funding, L.P. 1 4.75% $4,332
NEW DAY FINANCIAL, LLC 1 6.25% $8,810
NEWREZ LLC 1 5.25% $7,815
Palmetto Citizens Federal Credit Union 1 5.13% $3,390
PENNYMAC LOAN SERVICES, LLC 1 5.00% $19,038
PENTAGON FEDERAL CREDIT UNION 1 3.00% $7,101
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.50% $5,878
Renasant Bank 1 5.13% $3,390
TOWNE MORTGAGE COMPANY 1 3.25% $8,827
VILLAGE CAPITAL MORTGAGE 1 4.38% $6,817
Waterstone Mortgage Corporation 1 5.63% $7,298
UNION HOME MORTGAGE CORP. 1 6.88% $12,544
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $0
Barrington Bank & Trust Company, N.A. 1 4.75% $5,918
CHURCHILL MORTGAGE CORPORATION 1 2.63% $5,066
CONTOUR MORTGAGE CORPORATION 1 7.25% $8,643
CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $3,827
EMBRACE HOME LOANS, INC. 1 2.88% $3,578
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.38% $3,931
GUARANTEED RATE AFFINITY, LLC 1 5.13% $11,549
HANCOCK MORTGAGE PARTNERS, LLC 1 4.63% $9,946
KELLER MORTGAGE, LLC 1 4.75% $5,999
Mid-Continent Funding, Inc. 1 4.50% $6,272
MOVEMENT MORTGAGE, LLC 1 4.75% $3,726
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.00% $5,907
MYCUMORTGAGE, LLC 1 3.63% $2,001
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.88% $12,836
NAVY FEDERAL CREDIT UNION 1 2.38% $1,957

The top Greenwood VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 15 VA loans originated. Their average total fees are $8,788, which is $967 higher 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 ($4,107), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($7,821), QUICKEN LOANS, LLC ($8,788), .

The lowest rate Greenwood VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.53%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (4.85%), Mortgage Research Center, LLC (4.95%), .


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 (5.0%) 0.00 242
2018-02-01 $172,400 (10.6%) $239,897 (3.7%) 0.00 237
2018-03-01 $174,950 (10.1%) $245,927 (4.7%) 0.00 278
2018-04-01 $178,900 (-0.1%) $246,895 (3.5%) 0.00 290
2018-05-01 $182,950 (1.9%) $252,837 (6.1%) 0.00 297
2018-06-01 $192,000 (8.5%) $254,080 (8.8%) 0.00 297
2018-07-01 $199,450 (9.6%) $260,130 (8.5%) 0.00 286
2018-08-01 $189,900 (2.7%) $252,266 (8.0%) 0.00 284
2018-09-01 $197,000 (4.0%) $252,496 (5.9%) 0.00 291
2018-10-01 $198,963 (7.6%) $251,197 (2.5%) 0.00 275
2018-11-01 $192,315 (2.1%) $252,857 (7.0%) 0.00 264
2018-12-01 $189,950 (6.1%) $256,560 (11.5%) 0.00 238
2019-01-01 $190,671 (8.8%) $259,885 (11.4%) 0.00 228
2019-02-01 $185,975 (7.9%) $259,782 (13.2%) 0.00 215
2019-03-01 $199,707 (14.2%) $272,649 (12.9%) 0.00 202
2019-04-01 $217,725 (21.7%) $286,678 (14.2%) 0.00 198
2019-05-01 $254,575 (39.2%) $311,203 (17.7%) 0.00 230
2019-06-01 $235,000 (22.4%) $316,831 (16.1%) 0.00 228
2019-07-01 $236,978 (18.8%) $319,453 (11.6%) 0.00 254
2019-08-01 $241,089 (27.0%) $327,377 (13.5%) 0.00 255
2019-09-01 $251,417 (27.6%) $332,177 (15.8%) 0.00 251
2019-10-01 $258,302 (29.8%) $335,377 (20.1%) 0.00 249
2019-11-01 $249,900 (29.9%) $318,394 (13.2%) 0.00 255
2019-12-01 $244,925 (28.9%) $315,471 (9.6%) 0.00 232
2020-01-01 $247,425 (29.8%) $316,204 (10.6%) 0.00 227
2020-02-01 $249,900 (34.4%) $314,942 (7.9%) 0.00 223
2020-03-01 $273,350 (36.9%) $327,060 (7.3%) 0.00 213
2020-04-01 $275,000 (26.3%) $332,894 (4.2%) 0.00 218
2020-05-01 $279,000 (9.6%) $340,419 (0.6%) 0.00 218
2020-06-01 $292,350 (24.4%) $345,251 (5.6%) 0.00 192
2020-07-01 $291,925 (23.2%) $347,332 (10.2%) 0.00 161
2020-08-01 $283,500 (17.6%) $315,626 (4.1%) 0.00 156
2020-09-01 $275,850 (9.7%) $312,653 (1.1%) 0.00 162
2020-10-01 $269,900 (4.5%) $315,353 (-3.2%) 0.00 160
2020-11-01 $275,975 (10.4%) $324,919 (-2.2%) 0.00 133
2020-12-01 $270,560 (10.5%) $329,714 (3.0%) 0.00 103
2021-01-01 $244,250 (-1.3%) $301,395 (-3.4%) 0.00 87
2021-02-01 $233,568 (-6.5%) $285,720 (-9.5%) 0.00 85
2021-03-01 $262,700 (-3.9%) $337,969 (-0.3%) 0.00 82
2021-04-01 $261,500 (-4.9%) $354,760 (8.6%) 0.00 70
2021-05-01 $249,900 (-10.4%) $323,970 (-6.6%) 0.00 66
2021-06-01 $241,500 (-17.4%) $311,613 (-14.1%) 0.00 78
2021-07-01 $249,900 (-14.4%) $313,171 (-9.3%) 0.00 83
2021-08-01 $245,473 (-13.4%) $301,820 (-10.0%) 0.00 107
2021-09-01 $250,248 (-9.3%) $285,677 (-16.9%) 0.00 126
2021-10-01 $225,000 (-16.6%) $263,602 (-19.1%) 0.00 129
2021-11-01 $238,725 (-13.5%) $268,506 (-13.0%) 0.00 138
2021-12-01 $249,723 (-7.7%) $274,829 (-15.5%) 0.00 145
2022-01-01 $276,000 (13.0%) $306,264 (5.0%) 0.00 119
2022-02-01 $281,250 (20.4%) $302,813 (12.4%) 0.00 126
2022-03-01 $277,918 (5.8%) $308,671 (1.1%) 0.00 122
2022-04-01 $290,000 (10.9%) $330,682 (3.1%) 0.00 119
2022-05-01 $297,000 (18.9%) $352,370 (28.7%) 0.00 126
2022-06-01 $277,725 (15.0%) $340,859 (31.4%) 0.00 143
2022-07-01 $280,000 (12.0%) $356,513 (20.4%) 0.00 154
2022-08-01 $277,373 (13.0%) $341,004 (23.3%) 0.00 167
2022-09-01 $276,000 (10.3%) $353,246 (38.7%) 0.00 190
2022-10-01 $281,000 (24.9%) $361,256 (44.8%) 0.00 192
2022-11-01 $280,750 (17.6%) $350,069 (32.7%) 0.00 191
2022-12-01 $275,245 (10.2%) $342,181 (29.3%) 0.00 191
2023-01-01 $277,073 (0.4%) $346,283 (17.5%) 0.00 178
2023-02-01 $291,240 (3.6%) $369,062 (27.0%) 0.00 159
2023-03-01 $291,740 (5.0%) $378,506 (26.7%) 0.00 153
2023-04-01 $299,900 (3.4%) $380,055 (16.7%) 0.00 143
2023-05-01 $314,675 (6.0%) $397,345 (9.4%) 0.00 143
2023-06-01 $319,925 (15.2%) $412,536 (11.4%) 0.00 157
2023-07-01 $299,900 (7.1%) $391,263 (2.6%) 0.00 145
2023-08-01 $299,000 (7.8%) $375,334 (-0.9%) 0.00 152
2023-09-01 $285,000 (3.3%) $370,753 (-1.8%) 0.00 166
2023-10-01 $279,000 (-0.7%) $351,238 (-6.6%) 0.00 180
2023-11-01 $287,450 (2.4%) $357,850 (-1.0%) 0.00 189
2023-12-01 $281,990 (2.5%) $337,037 (0.0%) 0.00 198
Greenwood's median listing price for 2023-12-01 was $281,990, a difference of $6,745 (2.5%) versus the prior year and $-5,460 versus the prior month.

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

Greenwood's average listing price for 2023-12-01 was $337,037, a difference of $-5,144 (0.0%) versus the prior year and $-20,813 versus the prior month.

For the 2023-12-01 period, Greenwood had 198 MLS listings, a difference of 9 listings (5%) versus the prior month and 7 listings (4%) 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 1,896 sqft
2018-02-01 0 days 1,893 sqft
2018-03-01 0 days 1,974 sqft
2018-04-01 0 days 1,948 sqft
2018-05-01 0 days 1,929 sqft
2018-06-01 0 days 1,920 sqft
2018-07-01 0 days 1,944 sqft
2018-08-01 0 days 2,002 sqft
2018-09-01 0 days 2,031 sqft
2018-10-01 0 days 2,069 sqft
2018-11-01 0 days 2,099 sqft
2018-12-01 0 days 2,086 sqft
2019-01-01 0 days 2,029 sqft
2019-02-01 0 days 1,954 sqft
2019-03-01 0 days 2,018 sqft
2019-04-01 0 days 2,106 sqft
2019-05-01 0 days 2,021 sqft
2019-06-01 0 days 2,026 sqft
2019-07-01 0 days 2,026 sqft
2019-08-01 0 days 2,082 sqft
2019-09-01 0 days 2,126 sqft
2019-10-01 0 days 2,156 sqft
2019-11-01 0 days 2,167 sqft
2019-12-01 0 days 2,157 sqft
2020-01-01 0 days 2,205 sqft
2020-02-01 0 days 2,164 sqft
2020-03-01 0 days 2,211 sqft
2020-04-01 0 days 2,200 sqft
2020-05-01 0 days 2,250 sqft
2020-06-01 0 days 2,309 sqft
2020-07-01 0 days 2,340 sqft
2020-08-01 0 days 2,312 sqft
2020-09-01 0 days 2,452 sqft
2020-10-01 0 days 2,350 sqft
2020-11-01 0 days 2,327 sqft
2020-12-01 0 days 2,294 sqft
2021-01-01 0 days 2,186 sqft
2021-02-01 0 days 2,186 sqft
2021-03-01 0 days 2,217 sqft
2021-04-01 0 days 2,190 sqft
2021-05-01 0 days 2,046 sqft
2021-06-01 0 days 1,868 sqft
2021-07-01 0 days 2,100 sqft
2021-08-01 0 days 2,006 sqft
2021-09-01 0 days 1,857 sqft
2021-10-01 0 days 1,800 sqft
2021-11-01 0 days 1,842 sqft
2021-12-01 0 days 1,864 sqft
2022-01-01 0 days 1,891 sqft
2022-02-01 0 days 1,886 sqft
2022-03-01 0 days 1,906 sqft
2022-04-01 0 days 1,878 sqft
2022-05-01 0 days 1,878 sqft
2022-06-01 0 days 1,838 sqft
2022-07-01 0 days 1,850 sqft
2022-08-01 0 days 1,876 sqft
2022-09-01 0 days 1,891 sqft
2022-10-01 0 days 1,898 sqft
2022-11-01 0 days 1,885 sqft
2022-12-01 0 days 1,900 sqft
2023-01-01 0 days 1,895 sqft
2023-02-01 0 days 1,895 sqft
2023-03-01 0 days 1,924 sqft
2023-04-01 0 days 1,975 sqft
2023-05-01 0 days 2,014 sqft
2023-06-01 0 days 1,995 sqft
2023-07-01 0 days 1,900 sqft
2023-08-01 0 days 1,873 sqft
2023-09-01 0 days 1,900 sqft
2023-10-01 0 days 1,783 sqft
2023-11-01 0 days 1,809 sqft
2023-12-01 0 days 1,782 sqft
Greenwood's median listing age (time on market) for 2023-12-01 was 0 days.

Greenwood's median square footage for active listings during the 2023-12-01 period was 1,782 sqft. One year prior, the average listing was 1,900 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.