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 6.48% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

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

    The average rate for the prior week (2024-04-05) was 6.53% and one month ago for the week of 2024-03-08, the average rate was 6.56%.

    The average rate one year ago was 6.15%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.67%.

    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 $180,250 (11.0%) $248,220 (5.5%) 0.00 198
    2018-02-01 $178,000 (12.7%) $248,790 (3.7%) 0.00 186
    2018-03-01 $189,700 (6.9%) $260,538 (4.8%) 0.00 199
    2018-04-01 $192,150 (-0.4%) $264,690 (3.9%) 0.00 208
    2018-05-01 $199,250 (-0.3%) $271,376 (6.3%) 0.00 217
    2018-06-01 $209,500 (11.2%) $270,970 (9.2%) 0.00 209
    2018-07-01 $224,900 (15.1%) $279,087 (9.8%) 0.00 198
    2018-08-01 $219,475 (14.9%) $277,161 (8.8%) 0.00 197
    2018-09-01 $215,000 (8.0%) $276,956 (6.3%) 0.00 204
    2018-10-01 $210,950 (11.1%) $271,365 (3.0%) 0.00 188
    2018-11-01 $218,075 (9.9%) $277,543 (7.3%) 0.00 184
    2018-12-01 $218,500 (21.4%) $281,585 (11.7%) 0.00 168
    2019-01-01 $207,575 (15.2%) $276,696 (11.5%) 0.00 165
    2019-02-01 $219,250 (23.2%) $282,247 (13.5%) 0.00 151
    2019-03-01 $227,808 (20.1%) $293,379 (12.6%) 0.00 144
    2019-04-01 $238,084 (23.9%) $300,739 (13.6%) 0.00 144
    2019-05-01 $266,475 (33.7%) $317,112 (16.9%) 0.00 178
    2019-06-01 $240,352 (14.7%) $313,379 (15.7%) 0.00 178
    2019-07-01 $237,676 (5.7%) $309,331 (10.8%) 0.00 201
    2019-08-01 $243,864 (11.1%) $312,893 (12.9%) 0.00 201
    2019-09-01 $257,159 (19.6%) $320,789 (15.8%) 0.00 193
    2019-10-01 $266,850 (26.5%) $326,052 (20.2%) 0.00 189
    2019-11-01 $259,900 (19.2%) $314,331 (13.3%) 0.00 191
    2019-12-01 $256,520 (17.4%) $309,312 (9.9%) 0.00 174
    2020-01-01 $269,000 (29.6%) $307,763 (11.2%) 0.00 174
    2020-02-01 $269,900 (23.1%) $307,053 (8.8%) 0.00 172
    2020-03-01 $288,700 (26.7%) $317,703 (8.3%) 0.00 163
    2020-04-01 $280,950 (18.0%) $315,114 (4.8%) 0.00 175
    2020-05-01 $294,900 (10.7%) $322,274 (1.6%) 0.00 175
    2020-06-01 $298,500 (24.2%) $332,768 (6.2%) 0.00 160
    2020-07-01 $299,450 (26.0%) $340,637 (10.1%) 0.00 131
    2020-08-01 $299,500 (22.8%) $327,460 (4.7%) 0.00 119
    2020-09-01 $296,975 (15.5%) $324,212 (1.1%) 0.00 125
    2020-10-01 $289,900 (8.6%) $315,207 (-3.3%) 0.00 129
    2020-11-01 $279,425 (7.5%) $306,849 (-2.4%) 0.00 110
    2020-12-01 $273,620 (6.7%) $315,856 (2.1%) 0.00 85
    2021-01-01 $252,500 (-6.1%) $294,985 (-4.2%) 0.00 74
    2021-02-01 $227,320 (-15.8%) $276,213 (-10.0%) 0.00 76
    2021-03-01 $265,800 (-7.9%) $316,669 (-0.3%) 0.00 68
    2021-04-01 $264,250 (-5.9%) $342,966 (8.8%) 0.00 54
    2021-05-01 $249,950 (-15.2%) $300,942 (-6.6%) 0.00 55
    2021-06-01 $233,700 (-21.7%) $286,397 (-13.9%) 0.00 57
    2021-07-01 $244,900 (-18.2%) $311,299 (-8.6%) 0.00 58
    2021-08-01 $246,495 (-17.7%) $294,698 (-10.0%) 0.00 79
    2021-09-01 $251,000 (-15.5%) $270,771 (-16.5%) 0.00 99
    2021-10-01 $240,750 (-17.0%) $255,643 (-18.9%) 0.00 107
    2021-11-01 $255,245 (-8.7%) $268,113 (-12.6%) 0.00 113
    2021-12-01 $261,500 (-4.4%) $269,440 (-14.7%) 0.00 117
    2022-01-01 $294,000 (16.4%) $311,948 (5.8%) 0.00 93
    2022-02-01 $296,250 (30.3%) $312,406 (13.1%) 0.00 106
    2022-03-01 $295,000 (11.0%) $319,376 (0.9%) 0.00 104
    2022-04-01 $300,000 (13.5%) $352,246 (2.7%) 0.00 98
    2022-05-01 $306,338 (22.6%) $383,434 (27.4%) 0.00 100
    2022-06-01 $296,125 (26.7%) $371,482 (29.7%) 0.00 112
    2022-07-01 $287,500 (17.4%) $369,277 (18.6%) 0.00 125
    2022-08-01 $292,500 (18.7%) $358,830 (21.8%) 0.00 134
    2022-09-01 $291,498 (16.1%) $373,042 (37.8%) 0.00 154
    2022-10-01 $287,400 (19.4%) $369,751 (44.6%) 0.00 162
    2022-11-01 $289,225 (13.3%) $355,825 (32.7%) 0.00 157
    2022-12-01 $275,990 (5.5%) $348,374 (29.3%) 0.00 154
    2023-01-01 $282,950 (-3.8%) $365,748 (17.3%) 0.00 141
    2023-02-01 $299,450 (1.1%) $396,670 (27.0%) 0.00 127
    2023-03-01 $299,675 (1.6%) $403,887 (26.5%) 0.00 124
    2023-04-01 $312,490 (4.2%) $410,960 (16.7%) 0.00 118
    2023-05-01 $345,725 (12.9%) $422,223 (10.1%) 0.00 116
    2023-06-01 $335,000 (13.1%) $411,762 (10.8%) 0.00 125
    2023-07-01 $320,400 (11.4%) $374,600 (1.4%) 0.00 118
    2023-08-01 $299,900 (2.5%) $358,628 (-0.1%) 0.00 120
    2023-09-01 $299,900 (2.9%) $363,745 (-2.5%) 0.00 129
    2023-10-01 $280,945 (-2.3%) $343,645 (-7.1%) 0.00 140
    2023-11-01 $290,545 (0.5%) $350,226 (-1.6%) 0.00 144
    2023-12-01 $299,900 (8.7%) $345,985 (-0.7%) 0.00 151
    2024-01-01 $313,575 (10.8%) $347,903 (-4.9%) 0.00 139
    2024-02-01 $320,225 (6.9%) $348,311 (-12.2%) 0.00 143
    2024-03-01 $309,900 (3.4%) $358,965 (-11.1%) 0.00 169
    Greenwood's median listing price for 2024-03-01 was $309,900, a difference of $10,225 (3.4%) versus the prior year and $-10,325 versus the prior month.

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

    Greenwood's average listing price for 2024-03-01 was $358,965, a difference of $-44,922 (-11.1%) versus the prior year and $10,654 versus the prior month.

    For the 2024-03-01 period, Greenwood had 169 MLS listings, a difference of 26 listings (18%) versus the prior month and 45 listings (36%) 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 1,892 sqft
    2018-02-01 0 days 1,888 sqft
    2018-03-01 0 days 2,004 sqft
    2018-04-01 0 days 1,937 sqft
    2018-05-01 0 days 1,934 sqft
    2018-06-01 0 days 1,918 sqft
    2018-07-01 0 days 1,972 sqft
    2018-08-01 0 days 2,074 sqft
    2018-09-01 0 days 2,099 sqft
    2018-10-01 0 days 2,100 sqft
    2018-11-01 0 days 2,142 sqft
    2018-12-01 0 days 2,102 sqft
    2019-01-01 0 days 2,069 sqft
    2019-02-01 0 days 2,046 sqft
    2019-03-01 0 days 2,107 sqft
    2019-04-01 0 days 2,138 sqft
    2019-05-01 0 days 2,125 sqft
    2019-06-01 0 days 2,080 sqft
    2019-07-01 0 days 2,026 sqft
    2019-08-01 0 days 2,090 sqft
    2019-09-01 0 days 2,146 sqft
    2019-10-01 0 days 2,184 sqft
    2019-11-01 0 days 2,191 sqft
    2019-12-01 0 days 2,242 sqft
    2020-01-01 0 days 2,277 sqft
    2020-02-01 0 days 2,222 sqft
    2020-03-01 0 days 2,318 sqft
    2020-04-01 0 days 2,323 sqft
    2020-05-01 0 days 2,323 sqft
    2020-06-01 0 days 2,361 sqft
    2020-07-01 0 days 2,400 sqft
    2020-08-01 0 days 2,496 sqft
    2020-09-01 0 days 2,551 sqft
    2020-10-01 0 days 2,419 sqft
    2020-11-01 0 days 2,318 sqft
    2020-12-01 0 days 2,289 sqft
    2021-01-01 0 days 2,224 sqft
    2021-02-01 0 days 2,160 sqft
    2021-03-01 0 days 2,234 sqft
    2021-04-01 0 days 2,206 sqft
    2021-05-01 0 days 2,065 sqft
    2021-06-01 0 days 1,883 sqft
    2021-07-01 0 days 2,159 sqft
    2021-08-01 0 days 1,906 sqft
    2021-09-01 0 days 1,812 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,849 sqft
    2021-12-01 0 days 1,870 sqft
    2022-01-01 0 days 2,000 sqft
    2022-02-01 0 days 2,001 sqft
    2022-03-01 0 days 1,979 sqft
    2022-04-01 0 days 1,964 sqft
    2022-05-01 0 days 1,909 sqft
    2022-06-01 0 days 1,881 sqft
    2022-07-01 0 days 1,874 sqft
    2022-08-01 0 days 1,942 sqft
    2022-09-01 0 days 1,945 sqft
    2022-10-01 0 days 1,900 sqft
    2022-11-01 0 days 1,899 sqft
    2022-12-01 0 days 1,919 sqft
    2023-01-01 0 days 1,924 sqft
    2023-02-01 0 days 2,057 sqft
    2023-03-01 0 days 2,002 sqft
    2023-04-01 0 days 2,125 sqft
    2023-05-01 0 days 2,181 sqft
    2023-06-01 0 days 2,180 sqft
    2023-07-01 0 days 1,933 sqft
    2023-08-01 0 days 1,797 sqft
    2023-09-01 0 days 1,870 sqft
    2023-10-01 0 days 1,795 sqft
    2023-11-01 0 days 1,842 sqft
    2023-12-01 0 days 1,926 sqft
    2024-01-01 0 days 1,539 sqft
    2024-02-01 0 days 1,568 sqft
    2024-03-01 0 days 1,969 sqft
    Greenwood's median listing age (time on market) for 2024-03-01 was 0 days.

    Greenwood's median square footage for active listings during the 2024-03-01 period was 1,969 sqft. One year prior, the average listing was 2,002 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.