Hilton Head Island VA Loan Rates, Closing Costs & Stats

HILTON HEAD ISLAND-BLUFFTON, 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.

Hilton Head Island's 113 lenders originated 950 VA loans during 2024. The total origination value was $391,530,000, with an average VA loan value of $412,137.

Hilton Head Island VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Hilton Head Island averaged 6.33% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Hilton Head Island's average VA mortgage closing costs are $7,134.

The average rate for the prior week (2025-03-28) was 6.85% and one month ago for the week of 2025-02-28, the average rate was 6.62%.

The average rate one year ago was 6.63%.

For refis of the same type during the week of 2025-04-04, the average rate was 5.99%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Hilton Head Island 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 Hilton Head Island level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 100 5.86% $9,447
Mortgage Research Center, LLC 86 6.31% $9,012
NAVY FEDERAL CREDIT UNION 63 5.92% $7,253
DHI MORTGAGE COMPANY, LTD. 50 5.06% $10,156
PULTE MORTGAGE LLC 48 5.83% $7,744
Gateway First Bank 44 6.27% $8,231
QUICKEN LOANS, LLC 42 5.97% $12,512
FREEDOM MORTGAGE CORPORATION 40 6.19% $11,050
MOVEMENT MORTGAGE, LLC 39 6.29% $10,154
ARK-LA-TEX FINANCIAL SERVICES, LLC. 38 6.21% $8,696
SUN WEST MORTGAGE COMPANY, INC. 23 6.19% $8,981
VANDERBILT MORTGAGE AND FINANCE, INC. 17 5.45% $10,979
PENNYMAC LOAN SERVICES, LLC 17 5.81% $9,659
UNION HOME MORTGAGE CORP. 16 6.35% $13,440
Ameris Bank 13 6.28% $13,126
GUARANTEED RATE, INC. 12 6.09% $7,202
CMG MORTGAGE, INC. 11 6.06% $13,413
USAA Federal Savings Bank 11 6.11% $8,492
NEWREZ LLC 11 5.90% $6,310
LAKEVIEW LOAN SERVICING, LLC 9 5.62% $7,360
BROKER SOLUTIONS, INC. 8 6.25% $16,326
VILLAGE CAPITAL MORTGAGE 8 5.79% $8,391
FBC MORTGAGE, LLC 7 6.00% $5,654
MUTUAL OF OMAHA MORTGAGE, INC. 7 6.11% $17,589
LOANDEPOT.COM, LLC 6 6.44% $11,171
Nations Lending Corporation 6 6.48% $10,141
Mr. Cooper ( Nationstar Mortgage ) 6 6.29% $16,173
AMERICAN FINANCIAL NETWORK, INC. 6 6.48% $11,896
Equity Prime Mortgage LLC 5 6.30% $10,810
GMFS LLC 5 6.33% $6,317
PENTAGON FEDERAL CREDIT UNION 5 6.20% $3,843
NEW DAY FINANCIAL, LLC 5 7.40% $16,262
CLEARPATH LENDING 5 5.85% $10,697
NFM, INC. 5 6.18% $9,319
South State Bank 4 6.50% $11,818
EAGLE HOME MORTGAGE, LLC 4 6.56% $5,724
East Coast Capital Corp. 4 6.22% $6,854
Prosperity Home Mortgage, LLC 4 5.44% $11,778
Carrington Mortgage Services, LLC 4 5.91% $10,149
Plains Commerce Bank 4 6.41% $19,043
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.25% $9,476
AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.25% $14,766
DELMAR FINANCIAL COMPANY 3 6.83% $4,605
DIRECT MORTGAGE LOANS, LLC 3 5.96% $15,899
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.08% $6,284
GUILD MORTGAGE COMPANY 3 6.29% $9,206
NBKC BANK 3 5.96% $8,532
RELIANCE FIRST CAPITAL, LLC 3 6.50% $8,547
TBI MORTGAGE COMPANY 3 6.13% $16,073
The Federal Savings Bank 3 6.79% $9,631
MORTGAGEONE, INC. 2 6.31% $12,333
T2 FINANCIAL LLC 2 6.19% $6,668
PLAZA HOME MORTGAGE, INC. 2 5.81% $8,867
Presidential Bank, FSB 2 6.06% $9,732
FIRST CONTINENTAL MORTGAGE, LTD. 2 5.75% $997
CROSSCOUNTRY MORTGAGE, LLC 2 6.50% $4,085
CANOPY MORTGAGE, LLC 2 5.69% $12,088
HOMESIDE FINANCIAL, LLC 2 5.75% $8,276
First Federal Bank 2 6.06% $10,669
Magnolia Bank 2 5.63% $9,556
Renasant Bank 2 6.19% $4,934
AMERICAN FINANCIAL RESOURCES, INC. 2 6.44% $11,906
CARDINAL FINANCIAL 2 5.93% $10,565
MORTGAGE EQUITY PARTNERS LLC 2 6.25% $5,463
EMM LOANS LLC 2 6.75% $3,515
GUARANTEED RATE AFFINITY, LLC 2 6.50% $9,741
Strong Home Mortgage, LLC 2 5.88% $8,693
SUMMIT FUNDING, INC. 2 6.13% $8,021
NP, Inc. 1 6.50% $13,466
CAPITAL CENTER, L.L.C. 1 5.50% $12,165
Pinnacle Bank 1 6.13% $5,695
Capital Bank 1 5.50% $14,345
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $13,669
ABSOLUTE HOME MORTGAGE CORPORATION 1 7.25% $20,874
BOKF 1 6.63% $4,840
Bell Bank 1 6.13% $450
VERITAS FUNDING, LLC 1 6.25% $16,519
RESOURCE FINANCIAL SERVICES, INC. 1 6.75% $2,266
Barrington Bank & Trust Company, N.A. 1 6.25% $17,323
STOCKTON MORTGAGE CORPORATION 1 7.75% $13,037
Armed Forces Bank 1 5.25% $2,141
AHL FUNDING 1 6.12% $11,151
V.I.P. MORTGAGE, INC. 1 6.25% $29,298
The Loan Store, Inc. 1 6.25% $10,837
TruHome Solutions, LLC 1 6.00% $2,912
Truist 1 6.60% $5,370
AMERISAVE MORTGAGE CORPORATION 1 6.00% $10,456
United Community Bank 1 5.75% $11,239
UNITED MORTGAGE CORP 1 6.25% $6,302
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.25% $14,660
Alcova Mortgage LLC 1 7.13% $11,324
Flagstar Bank, FSB 1 5.88% $15,893
GSF Mortgage Corporation 1 5.75% $6,560
First Reliance Bank 1 6.50% $3,215
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.25% $6,319
U.S. Bank 1 5.75% $4,184
HOMESTEAD FUNDING CORP. 1 5.75% $4,688
JET HOMELOANS, LLC 1 5.99% $17,945
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 6.50% $1,612
LADERA LENDING, INC. 1 6.25% $6,053
First Heritage Mortgage, LLC 1 6.88% $5,882
LEGEND LENDING CORPORATION 1 5.50% $24,644
Meridian Bank Corporation 1 5.99% $9,433
MID AMERICA MORTGAGE, INC. 1 5.50% $14,757
Mid-Continent Funding, Inc. 1 5.50% $2,151
FirstBank 1 6.75% $15,938
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.75% $14,706
EQUITY RESOURCES, INC. 1 6.75% $5,183
NATIONS DIRECT MORTGAGE, LLC 1 7.13% $8,125
DAS Acquisition Company, LLC 1 6.75% $17,113
ALAMEDA MORTGAGE CORPORATION 1 6.13% $6,473
City National Bank of Florida 1 5.99% $10,353
CHURCHILL MORTGAGE CORPORATION 1 7.25% $4,287

The top Hilton Head Island VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 100 VA loans originated. Their average total fees are $9,447, which is $435 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Hilton Head Island VA lenders (with over 10 loans originated) are NEWREZ LLC ($6,310), GUARANTEED RATE, INC. ($7,202), NAVY FEDERAL CREDIT UNION ($7,253), PULTE MORTGAGE LLC ($7,744) and Gateway First Bank ($8,231).

The lowest rate Hilton Head Island VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.06%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.45%), PENNYMAC LOAN SERVICES, LLC (5.81%), PULTE MORTGAGE LLC (5.83%) and UNITED WHOLESALE MORTGAGE, LLC (5.86%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Hilton Head Island (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 $399,000 (0.5%) $582,890 (1.5%) 1.48 2,619
2018-02-01 $399,900 (0.2%) $589,915 (2.6%) 1.45 2,733
2018-03-01 $413,433 (3.6%) $604,551 (4.9%) 1.45 2,799
2018-04-01 $421,950 (5.8%) $622,378 (6.4%) 1.43 2,945
2018-05-01 $419,000 (4.8%) $627,059 (5.7%) 1.40 2,956
2018-06-01 $419,500 (2.6%) $626,474 (3.7%) 1.40 2,967
2018-07-01 $424,019 (3.4%) $626,343 (3.7%) 1.42 2,927
2018-08-01 $426,242 (4.1%) $637,991 (6.7%) 1.43 2,777
2018-09-01 $419,000 (1.0%) $625,990 (5.1%) 1.41 2,908
2018-10-01 $426,000 (3.0%) $644,773 (9.0%) 1.44 2,889
2018-11-01 $425,000 (6.3%) $643,945 (10.3%) 1.44 2,918
2018-12-01 $425,000 (6.5%) $647,340 (11.1%) 1.47 2,822
2019-01-01 $425,000 (6.5%) $642,125 (10.2%) 1.47 2,805
2019-02-01 $425,000 (6.3%) $639,931 (8.5%) 1.44 2,843
2019-03-01 $424,243 (2.6%) $643,930 (6.5%) 1.39 2,925
2019-04-01 $432,400 (2.5%) $659,020 (5.9%) 1.37 2,994
2019-05-01 $439,450 (4.9%) $671,827 (7.1%) 1.37 2,989
2019-06-01 $443,495 (5.7%) $673,962 (7.6%) 1.39 2,869
2019-07-01 $435,000 (2.6%) $657,348 (5.0%) 1.36 2,858
2019-08-01 $434,727 (2.0%) $658,280 (3.2%) 1.38 2,838
2019-09-01 $434,318 (3.7%) $659,134 (5.3%) 1.39 2,780
2019-10-01 $436,878 (2.6%) $663,724 (2.9%) 1.41 2,724
2019-11-01 $435,000 (2.4%) $669,793 (4.0%) 1.43 2,681
2019-12-01 $429,000 (0.9%) $664,157 (2.6%) 1.43 2,594
2020-01-01 $425,000 (0.0%) $653,388 (1.8%) 1.42 2,491
2020-02-01 $434,900 (2.3%) $662,261 (3.5%) 1.42 2,514
2020-03-01 $435,000 (2.5%) $667,773 (3.7%) 1.36 2,581
2020-04-01 $426,850 (-1.3%) $656,980 (-0.3%) 1.34 2,621
2020-05-01 $425,000 (-3.3%) $664,289 (-1.1%) 1.29 2,555
2020-06-01 $429,225 (-3.2%) $681,711 (1.2%) 1.26 2,241
2020-07-01 $439,350 (1.0%) $697,645 (6.1%) 1.27 1,987
2020-08-01 $434,000 (-0.2%) $708,463 (7.6%) 1.24 1,818
2020-09-01 $415,875 (-4.3%) $720,099 (9.3%) 1.19 1,637
2020-10-01 $400,000 (-8.4%) $723,318 (9.0%) 1.15 1,441
2020-11-01 $412,000 (-5.3%) $748,196 (11.7%) 1.20 1,311
2020-12-01 $415,125 (-3.2%) $768,300 (15.7%) 1.23 1,167
2021-01-01 $440,949 (3.8%) $792,938 (21.4%) 1.32 973
2021-02-01 $442,000 (1.6%) $813,000 (22.8%) 1.29 784
2021-03-01 $455,000 (4.6%) $809,143 (21.2%) 1.29 692
2021-04-01 $449,750 (5.4%) $840,260 (27.9%) 1.22 624
2021-05-01 $473,500 (11.4%) $821,439 (23.7%) 1.26 586
2021-06-01 $487,000 (13.5%) $830,170 (21.8%) 1.28 639
2021-07-01 $499,000 (13.6%) $832,961 (19.4%) 1.32 686
2021-08-01 $540,564 (24.6%) $841,071 (18.7%) 1.44 705
2021-09-01 $512,500 (23.2%) $824,698 (14.5%) 1.37 721
2021-10-01 $524,312 (31.1%) $857,559 (18.6%) 1.40 695
2021-11-01 $524,700 (27.4%) $853,248 (14.0%) 1.40 597
2021-12-01 $509,500 (22.7%) $873,876 (13.7%) 1.38 523
2022-01-01 $499,900 (13.4%) $882,812 (11.3%) 1.35 419
2022-02-01 $550,000 (24.4%) $918,629 (13.0%) 1.43 380
2022-03-01 $579,950 (27.5%) $977,672 (20.8%) 1.45 370
2022-04-01 $599,365 (33.3%) $993,575 (18.3%) 1.43 451
2022-05-01 $650,000 (37.3%) $1,078,437 (31.3%) 1.49 604
2022-06-01 $647,807 (33.0%) $1,072,805 (29.2%) 1.44 732
2022-07-01 $625,000 (25.3%) $1,030,953 (23.8%) 1.41 876
2022-08-01 $629,500 (16.5%) $1,015,593 (20.8%) 1.46 934
2022-09-01 $642,450 (25.4%) $1,027,206 (24.6%) 1.50 935
2022-10-01 $632,500 (20.6%) $1,007,952 (17.5%) 1.49 964
2022-11-01 $627,408 (19.6%) $1,008,415 (18.2%) 1.51 1,047
2022-12-01 $628,775 (23.4%) $1,005,863 (15.1%) 1.55 1,022
2023-01-01 $624,450 (24.9%) $996,950 (12.9%) 1.55 961
2023-02-01 $634,901 (15.4%) $1,001,611 (9.0%) 1.53 920
2023-03-01 $649,375 (12.0%) $1,045,973 (7.0%) 1.53 885
2023-04-01 $645,000 (7.6%) $1,046,806 (5.4%) 1.50 898
2023-05-01 $648,875 (-0.2%) $1,039,516 (-3.6%) 1.47 889
2023-06-01 $622,450 (-3.9%) $991,419 (-7.6%) 1.40 947
2023-07-01 $620,000 (-0.8%) $1,008,721 (-2.2%) 1.41 1,015
2023-08-01 $601,700 (-4.4%) $1,000,390 (-1.5%) 1.38 1,046
2023-09-01 $599,450 (-6.7%) $980,978 (-4.5%) 1.40 1,133
2023-10-01 $599,000 (-5.3%) $1,009,050 (0.1%) 1.41 1,254
2023-11-01 $589,000 (-6.1%) $991,231 (-1.7%) 1.40 1,364
2023-12-01 $571,090 (-9.2%) $980,404 (-2.5%) 1.39 1,332
2024-01-01 $582,250 (-6.8%) $1,010,012 (1.3%) 1.42 1,303
2024-02-01 $577,125 (-9.1%) $1,029,274 (2.8%) 1.39 1,308
2024-03-01 $585,000 (-9.9%) $1,034,775 (-1.1%) 1.38 1,426
2024-04-01 $599,000 (-7.1%) $1,026,338 (-2.0%) 1.39 1,505
2024-05-01 $577,000 (-11.1%) $1,015,403 (-2.3%) 1.31 1,552
2024-06-01 $589,000 (-5.4%) $992,451 (0.1%) 1.34 1,553
2024-07-01 $575,000 (-7.3%) $966,122 (-4.2%) 1.32 1,562
2024-08-01 $569,000 (-5.4%) $916,731 (-8.4%) 1.32 1,617
2024-09-01 $571,500 (-4.7%) $918,722 (-6.4%) 1.34 1,645
2024-10-01 $569,000 (-5.0%) $910,665 (-9.8%) 1.34 1,743
2024-11-01 $569,000 (-3.4%) $914,345 (-7.8%) 1.37 1,821
2024-12-01 $569,000 (-0.4%) $930,029 (-5.1%) 1.41 1,722
2025-01-01 $569,225 (-2.2%) $936,163 (-7.3%) 1.42 1,666
2025-02-01 $549,000 (-4.9%) $893,840 (-13.2%) 1.33 1,823
2025-03-01 $559,700 (-4.3%) $934,561 (-9.7%) 0.00 1,875
Hilton Head Island's median listing price for 2025-03-01 was $559,700, a difference of $-25,300 (-4.3%) versus the prior year and $10,700 versus the prior month.

Hilton Head Island's median listing price comes in at 0% of the national average.

Hilton Head Island's average listing price for 2025-03-01 was $934,561, a difference of $-100,214 (-9.7%) versus the prior year and $40,721 versus the prior month.

For the 2025-03-01 period, Hilton Head Island had 1,875 MLS listings, a difference of 52 listings (3%) versus the prior month and 449 listings (31%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Hilton Head Island (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 103 days 2,151 sqft
2018-02-01 102 days 2,174 sqft
2018-03-01 78 days 2,161 sqft
2018-04-01 68 days 2,146 sqft
2018-05-01 74 days 2,142 sqft
2018-06-01 78 days 2,126 sqft
2018-07-01 85 days 2,116 sqft
2018-08-01 89 days 2,155 sqft
2018-09-01 94 days 2,125 sqft
2018-10-01 92 days 2,168 sqft
2018-11-01 88 days 2,155 sqft
2018-12-01 93 days 2,161 sqft
2019-01-01 101 days 2,141 sqft
2019-02-01 103 days 2,139 sqft
2019-03-01 95 days 2,150 sqft
2019-04-01 85 days 2,167 sqft
2019-05-01 91 days 2,188 sqft
2019-06-01 94 days 2,212 sqft
2019-07-01 103 days 2,175 sqft
2019-08-01 106 days 2,176 sqft
2019-09-01 112 days 2,175 sqft
2019-10-01 107 days 2,185 sqft
2019-11-01 98 days 2,200 sqft
2019-12-01 97 days 2,187 sqft
2020-01-01 102 days 2,161 sqft
2020-02-01 104 days 2,174 sqft
2020-03-01 83 days 2,201 sqft
2020-04-01 81 days 2,160 sqft
2020-05-01 89 days 2,131 sqft
2020-06-01 98 days 2,144 sqft
2020-07-01 94 days 2,189 sqft
2020-08-01 71 days 2,186 sqft
2020-09-01 67 days 2,142 sqft
2020-10-01 65 days 2,135 sqft
2020-11-01 66 days 2,122 sqft
2020-12-01 74 days 2,135 sqft
2021-01-01 79 days 2,118 sqft
2021-02-01 67 days 2,038 sqft
2021-03-01 52 days 2,092 sqft
2021-04-01 44 days 2,067 sqft
2021-05-01 43 days 2,032 sqft
2021-06-01 38 days 1,960 sqft
2021-07-01 46 days 1,985 sqft
2021-08-01 50 days 2,026 sqft
2021-09-01 49 days 1,973 sqft
2021-10-01 57 days 2,026 sqft
2021-11-01 59 days 1,966 sqft
2021-12-01 64 days 1,983 sqft
2022-01-01 74 days 1,989 sqft
2022-02-01 46 days 2,020 sqft
2022-03-01 33 days 2,083 sqft
2022-04-01 31 days 2,094 sqft
2022-05-01 32 days 2,169 sqft
2022-06-01 33 days 2,121 sqft
2022-07-01 41 days 2,064 sqft
2022-08-01 50 days 2,093 sqft
2022-09-01 56 days 2,096 sqft
2022-10-01 60 days 2,145 sqft
2022-11-01 58 days 2,120 sqft
2022-12-01 65 days 2,115 sqft
2023-01-01 75 days 2,118 sqft
2023-02-01 72 days 2,162 sqft
2023-03-01 56 days 2,227 sqft
2023-04-01 52 days 2,186 sqft
2023-05-01 50 days 2,134 sqft
2023-06-01 52 days 2,091 sqft
2023-07-01 52 days 2,031 sqft
2023-08-01 53 days 1,986 sqft
2023-09-01 56 days 1,972 sqft
2023-10-01 53 days 1,991 sqft
2023-11-01 56 days 1,980 sqft
2023-12-01 66 days 1,979 sqft
2024-01-01 79 days 2,000 sqft
2024-02-01 70 days 1,964 sqft
2024-03-01 51 days 1,992 sqft
2024-04-01 51 days 1,986 sqft
2024-05-01 52 days 1,950 sqft
2024-06-01 61 days 1,949 sqft
2024-07-01 71 days 1,941 sqft
2024-08-01 73 days 1,906 sqft
2024-09-01 72 days 1,921 sqft
2024-10-01 71 days 1,928 sqft
2024-11-01 70 days 1,918 sqft
2024-12-01 79 days 1,931 sqft
2025-01-01 86 days 1,953 sqft
2025-02-01 83 days 1,857 sqft
2025-03-01 0 days 1,904 sqft
Hilton Head Island's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Hilton Head Island's median square footage for active listings during the 2025-03-01 period was 1,904 sqft. One year prior, the average listing was 1,992 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.