Myrtle Beach VA Loan Rates, Closing Costs & Stats

MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC

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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.

    Myrtle Beach's 169 lenders originated 1,911 VA loans during 2022. The total origination value was $597,205,000, with an average VA loan value of $312,509.

    Myrtle Beach VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Myrtle Beach averaged 6.48% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

    Myrtle Beach's average VA mortgage closing costs are $5,451.

    The average rate for the prior week (2023-09-15) was 6.36% and one month ago for the week of 2023-08-18, the average rate was 6.44%.

    The average rate one year ago was 5.3%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.59%.

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

    Myrtle Beach 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 Myrtle Beach level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 217 4.88% $7,511
    DHI MORTGAGE COMPANY, LTD. 170 4.03% $6,339
    QUICKEN LOANS, LLC 134 3.99% $11,827
    UNITED WHOLESALE MORTGAGE, LLC 74 4.39% $8,999
    NEW DAY FINANCIAL, LLC 71 4.71% $11,070
    NAVY FEDERAL CREDIT UNION 66 3.93% $5,992
    FREEDOM MORTGAGE CORPORATION 64 4.13% $10,585
    PENNYMAC LOAN SERVICES, LLC 61 3.32% $9,235
    GUARANTEED RATE, INC. 61 4.33% $7,469
    MOVEMENT MORTGAGE, LLC 51 4.84% $7,755
    LOANDEPOT.COM, LLC 39 3.72% $9,513
    EAGLE HOME MORTGAGE, LLC 38 4.67% $5,122
    USAA Federal Savings Bank 38 4.29% $8,005
    GUILD MORTGAGE COMPANY 34 4.98% $10,747
    CMG MORTGAGE, INC. 27 4.68% $10,849
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 22 4.85% $9,429
    PULTE MORTGAGE LLC 21 4.86% $7,315
    T2 FINANCIAL LLC 19 4.65% $10,195
    TIDEWATER MORTGAGE SERVICES, INC. 19 5.32% $8,770
    CALIBER HOME LOANS, INC. 19 3.85% $7,725
    ANGEL OAK HOME LOANS LLC 18 4.37% $8,559
    Mr. Cooper ( Nationstar Mortgage ) 17 4.52% $10,529
    Flagstar Bank, FSB 17 4.04% $9,432
    Barrington Bank & Trust Company, N.A. 16 4.61% $7,055
    CROSSCOUNTRY MORTGAGE, LLC 16 4.88% $11,317
    Wells Fargo Bank 15 3.82% $4,919
    CARDINAL FINANCIAL 15 4.05% $11,063
    JET HOMELOANS, LLC 14 5.16% $9,168
    LAKEVIEW LOAN SERVICING, LLC 12 3.29% $4,164
    VILLAGE CAPITAL MORTGAGE 12 4.03% $10,207
    American Security Mortgage Corp. 12 4.88% $10,369
    MCLEAN MORTGAGE CORPORATION 12 4.90% $7,236
    The Federal Savings Bank 12 4.30% $12,075
    VANDERBILT MORTGAGE AND FINANCE, INC. 12 4.46% $8,102
    NEWREZ LLC 11 4.49% $13,760
    US MORTGAGE CORPORATION 9 5.40% $8,766
    THE MORTGAGE FIRM, INC. 9 4.43% $10,210
    PENTAGON FEDERAL CREDIT UNION 9 3.60% $6,658
    Truist 9 4.50% $4,309
    Alpha Mortgage Corporation 9 4.58% $9,415
    Ameris Bank 9 3.79% $6,900
    AMERISAVE MORTGAGE CORPORATION 9 4.08% $13,141
    CLEARPATH LENDING 8 3.16% $10,491
    BROKER SOLUTIONS, INC. 8 4.97% $12,503
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 4.34% $6,574
    Gateway First Bank 8 4.66% $11,378
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 5.63% $7,697
    NBKC BANK 7 4.09% $8,522
    Magnolia Bank 7 4.32% $15,417
    LOANPAL, LLC 6 4.71% $13,770
    Mid-Continent Funding, Inc. 6 4.60% $10,446
    Towne Bank 6 4.38% $7,399
    TBI MORTGAGE COMPANY 6 4.00% $8,347
    HOME POINT FINANCIAL CORPORATION 6 4.25% $10,607
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.08% $15,491
    SeaTrust Mortgage Company 5 4.43% $11,605
    VERITAS FUNDING, LLC 5 5.23% $19,347
    UNION HOME MORTGAGE CORP. 5 4.73% $10,074
    Northpointe Bank 5 5.35% $9,761
    EQUITY RESOURCES, INC. 4 3.94% $6,325
    Equity Prime Mortgage LLC 4 3.94% $8,450
    Plains Commerce Bank 4 5.69% $7,516
    RELIANCE FIRST CAPITAL, LLC 4 5.38% $9,299
    SOUTHERN TRUST MORTGAGE, LLC 4 4.22% $9,706
    Platinum Home Mortgage Corporation 4 5.38% $9,088
    South State Bank 4 3.25% $5,324
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.09% $6,590
    Nations Lending Corporation 4 4.09% $10,489
    HOMESIDE FINANCIAL, LLC 4 4.72% $8,312
    Carrington Mortgage Services, LLC 4 4.34% $10,317
    BNC National Bank 4 4.28% $3,490
    NFM, INC. 4 5.16% $16,373
    Bank of England 4 4.66% $7,607
    RESOURCE FINANCIAL SERVICES, INC. 3 4.42% $11,924
    Alcova Mortgage LLC 3 5.92% $5,487
    PLANET HOME LENDING, LLC 3 4.21% $6,500
    North American Savings Bank, F.S.B. 3 2.88% $6,287
    MUTUAL OF OMAHA MORTGAGE, INC. 3 4.25% $8,728
    AMERICAN FINANCIAL RESOURCES, INC. 3 5.25% $7,759
    United Community Bank 3 4.63% $11,176
    Strong Home Mortgage, LLC 3 4.38% $10,011
    CORNERSTONE HOME LENDING, INC. 3 4.75% $5,103
    CITY FIRST MORTGAGE SERVICES, L.L.C. 3 5.63% $6,213
    GUARANTY HOME MORTGAGE CORPORATION 3 5.13% $4,610
    SOUTHWEST FUNDING, LP 3 5.71% $15,526
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 5.88% $6,713
    Princeton Mortgage Corporation 3 3.54% $12,552
    Wyndham Capital Mortgage, Inc. 2 4.38% $9,467
    AMERICAN FINANCING CORPORATION 2 4.38% $7,431
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 4.69% $2,474
    Bank of America 2 5.00% $14,578
    Blue Ridge Bank 2 5.94% $21,002
    CONTOUR MORTGAGE CORPORATION 2 4.19% $12,401
    First Horizon Bank 2 5.75% $3,964
    GENEVA FINANCIAL, LLC 2 4.19% $12,022
    HOMESTEAD FUNDING CORP. 2 5.75% $5,416
    INSPIRE HOME LOANS INC. 2 6.06% $5,377
    INTERCOASTAL MORTGAGE COMPANY 2 5.69% $6,443
    Lakeview Community Capital, LLC 2 4.25% $2,419
    Low VA Rates, LLC 2 4.06% $12,748
    MDE Home Loans, LLC 2 5.56% $7,699
    MIDLAND MORTGAGE CORPORATION 2 4.69% $12,048
    ON Q FINANCIAL, INC. 2 3.81% $8,712
    Presidential Bank, FSB 2 4.75% $9,815
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.75% $5,478
    Renasant Bank 2 4.31% $6,386
    SUN WEST MORTGAGE COMPANY, INC. 2 3.81% $10,390
    TD Bank 2 5.13% $9,249
    Texana Bank 2 3.69% $20,390
    United Bank 2 4.94% $8,535
    HOMESPIRE MORTGAGE CORPORATION 1 5.13% $4,567
    NP, Inc. 1 2.75% $11,296
    NTFN, INC. 1 6.00% $10,398
    NVR Mortgage Finance, Inc. 1 4.63% $982
    OCMBC, INC. 1 5.13% $16,048
    Armed Forces Bank 1 3.88% $6,872
    OVM FINANCIAL, INC. 1 5.00% $4,257
    GSF Mortgage Corporation 1 5.50% $5,312
    GoPrime Mortgage, Inc. 1 5.88% $15,718
    Peoples Bank 1 6.49% $12,587
    George Mason Mortgage, LLC 1 3.25% $3,675
    FLAT BRANCH MORTGAGE, INC. 1 4.38% $5,159
    First Savings Bank 1 3.50% $10,701
    PNC Bank 1 4.00% $4,521
    Uwharrie Bank 1 5.75% $5,835
    ARC HOME LLC 1 2.75% $3,896
    First Reliance Bank 1 4.75% $6,493
    Prosperity Home Mortgage, LLC 1 2.75% $2,265
    First National Bank of Pennsylvania 1 2.88% $2,880
    FIRST HOME MORTGAGE CORPORATION 1 4.50% $7,498
    RAPID MORTGAGE COMPANY 1 3.25% $11,801
    First Guaranty Mortgage Corporation 1 4.75% $6,125
    ACOPIA, LLC 1 4.75% $3,739
    RESIDENTIAL BANCORP 1 2.75% $17,329
    First Bank 1 2.63% $2,562
    FINANCE OF AMERICA MORTGAGE LLC 1 2.50% $2,072
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.25% $13,351
    Service Federal Credit Union 1 3.00% $7,485
    Southern Bank and Trust Company 1 2.88% $8,076
    FIDELITY DIRECT MORTGAGE, LLC 1 5.25% $16,353
    FCB Banks 1 3.25% $5,216
    Encompass Lending Group, LP 1 4.88% $1,644
    SOUTHWEST STAGE FUNDING, LLC 1 5.88% $0
    EMBRACE HOME LOANS, INC. 1 3.75% $7,246
    ACADEMY MORTGAGE CORPORATION 1 5.25% $10,398
    DRAPER AND KRAMER MORTGAGE CORP. 1 4.75% $13,554
    DEVELOPER'S MORTGAGE COMPANY 1 5.75% $2,826
    1ST PREFERENCE MORTGAGE CORP. 1 4.88% $13,272
    WRIGHT-PATT CREDIT UNION, INC. 1 3.63% $5,345
    DELMAR FINANCIAL COMPANY 1 3.75% $8,889
    CRESCENT MORTGAGE COMPANY 1 3.00% $3,920
    Chickasaw Community Bank 1 2.75% $3,630
    TOTAL MORTGAGE SERVICES, LLC 1 3.75% $8,556
    CHERRY CREEK MORTGAGE, LLC 1 5.75% $1,165
    C & F Mortgage Corporation 1 4.75% $7,278
    CERTAINTY HOME LOANS, LLC 1 5.38% $4,507
    1ST FINANCIAL, INC. 1 5.75% $7,876
    CAPITAL CENTER, L.L.C. 1 3.13% $0
    Capital Bank 1 2.75% $2,344
    CALCON MUTUAL MORTGAGE LLC 1 4.75% $5,238
    U.S. Bank 1 2.99% $16,618
    Mutual Federal Bank 1 4.75% $21,055
    NBH Bank 1 5.75% $768
    MORTGAGEONE, INC. 1 6.75% $1,595
    Neighborhood Loans, Inc. 1 7.25% $4,082
    MICHIGAN MUTUAL, INC. 1 3.88% $3,554
    LEADERONE FINANCIAL CORPORATION 1 4.75% $12,533
    LADERA LENDING, INC. 1 3.25% $6,348
    HOMESTAR FINANCIAL CORPORATION 1 3.75% $5,100

    The top Myrtle Beach VA lender as defined by loan originations is Mortgage Research Center, LLC, with 217 VA loans originated. Their average total fees are $7,511, which is $1,171 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Myrtle Beach VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($4,164), Wells Fargo Bank ($4,919), EAGLE HOME MORTGAGE, LLC ($5,122), NAVY FEDERAL CREDIT UNION ($5,992) and DHI MORTGAGE COMPANY, LTD. ($6,339).

    The lowest rate Myrtle Beach VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.29%), PENNYMAC LOAN SERVICES, LLC (3.32%), LOANDEPOT.COM, LLC (3.72%), Wells Fargo Bank (3.82%) and CALIBER HOME LOANS, INC. (3.85%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Myrtle Beach (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 $245,138 (6.7%) $318,063 (7.5%) 0.91 6,620
    2018-02-01 $247,883 (7.8%) $316,139 (6.3%) 0.90 6,801
    2018-03-01 $249,000 (6.0%) $319,239 (5.6%) 0.87 7,002
    2018-04-01 $249,900 (4.6%) $326,080 (4.8%) 0.85 7,013
    2018-05-01 $253,150 (5.5%) $329,170 (4.6%) 0.85 6,946
    2018-06-01 $259,900 (7.7%) $335,093 (4.2%) 0.87 6,846
    2018-07-01 $260,000 (6.2%) $335,340 (4.9%) 0.87 6,692
    2018-08-01 $259,000 (4.9%) $332,048 (3.2%) 0.87 6,738
    2018-09-01 $257,500 (3.4%) $332,235 (2.8%) 0.87 6,653
    2018-10-01 $249,981 (0.6%) $324,602 (0.8%) 0.85 6,639
    2018-11-01 $251,481 (2.7%) $323,891 (0.5%) 0.85 6,609
    2018-12-01 $250,000 (2.0%) $321,119 (0.0%) 0.86 6,575
    2019-01-01 $251,906 (2.8%) $319,246 (0.4%) 0.87 6,506
    2019-02-01 $252,950 (2.0%) $321,960 (1.8%) 0.85 6,772
    2019-03-01 $255,386 (2.6%) $324,400 (1.6%) 0.84 6,993
    2019-04-01 $259,900 (4.0%) $329,131 (0.9%) 0.83 7,191
    2019-05-01 $264,238 (4.4%) $334,518 (1.6%) 0.83 7,137
    2019-06-01 $263,500 (1.4%) $334,366 (-0.2%) 0.82 7,091
    2019-07-01 $259,983 (0.0%) $333,905 (-0.4%) 0.81 7,009
    2019-08-01 $262,136 (1.2%) $335,823 (1.1%) 0.83 6,928
    2019-09-01 $265,378 (3.1%) $336,818 (1.4%) 0.85 6,854
    2019-10-01 $267,085 (6.8%) $336,839 (3.8%) 0.86 6,811
    2019-11-01 $265,000 (5.4%) $336,543 (3.9%) 0.87 6,772
    2019-12-01 $264,900 (6.0%) $335,038 (4.3%) 0.88 6,574
    2020-01-01 $259,900 (3.2%) $331,095 (3.7%) 0.87 6,355
    2020-02-01 $260,447 (3.0%) $331,912 (3.1%) 0.85 6,403
    2020-03-01 $261,100 (2.2%) $334,907 (3.2%) 0.82 6,594
    2020-04-01 $259,700 (-0.1%) $330,333 (0.4%) 0.81 6,868
    2020-05-01 $261,092 (-1.2%) $335,944 (0.4%) 0.79 6,629
    2020-06-01 $264,900 (0.5%) $338,597 (1.3%) 0.78 5,942
    2020-07-01 $262,412 (0.9%) $338,772 (1.5%) 0.76 5,602
    2020-08-01 $259,995 (-0.8%) $338,185 (0.7%) 0.75 5,387
    2020-09-01 $259,900 (-2.1%) $340,523 (1.1%) 0.74 5,051
    2020-10-01 $261,240 (-2.2%) $345,531 (2.6%) 0.75 4,804
    2020-11-01 $263,310 (-0.6%) $344,316 (2.3%) 0.77 4,546
    2020-12-01 $259,900 (-1.9%) $339,693 (1.4%) 0.77 4,426
    2021-01-01 $259,240 (-0.3%) $336,513 (1.6%) 0.77 4,062
    2021-02-01 $261,852 (0.5%) $341,283 (2.8%) 0.76 3,446
    2021-03-01 $272,735 (4.5%) $358,381 (7.0%) 0.77 2,921
    2021-04-01 $290,693 (11.9%) $380,479 (15.2%) 0.79 2,460
    2021-05-01 $309,990 (18.7%) $415,070 (23.6%) 0.82 1,972
    2021-06-01 $327,500 (23.6%) $438,192 (29.4%) 0.86 1,869
    2021-07-01 $359,349 (36.9%) $455,694 (34.5%) 0.95 1,955
    2021-08-01 $357,104 (37.4%) $455,953 (34.8%) 0.95 2,199
    2021-09-01 $353,884 (36.2%) $452,691 (32.9%) 0.94 2,326
    2021-10-01 $365,495 (39.9%) $463,217 (34.1%) 0.97 2,373
    2021-11-01 $364,570 (38.5%) $463,431 (34.6%) 0.97 2,284
    2021-12-01 $369,950 (42.3%) $466,931 (37.5%) 1.00 1,983
    2022-01-01 $371,165 (43.2%) $469,788 (39.6%) 1.00 1,770
    2022-02-01 $392,365 (49.8%) $512,077 (50.0%) 1.02 1,351
    2022-03-01 $399,450 (46.5%) $520,580 (45.3%) 1.00 1,347
    2022-04-01 $398,645 (37.1%) $522,141 (37.2%) 0.95 1,554
    2022-05-01 $389,381 (25.6%) $513,945 (23.8%) 0.89 2,136
    2022-06-01 $389,000 (18.8%) $510,222 (16.4%) 0.87 2,687
    2022-07-01 $382,395 (6.4%) $498,662 (9.4%) 0.86 3,323
    2022-08-01 $380,285 (6.5%) $488,210 (7.1%) 0.88 3,630
    2022-09-01 $382,450 (8.1%) $486,914 (7.6%) 0.89 3,897
    2022-10-01 $379,000 (3.7%) $480,712 (3.8%) 0.89 4,148
    2022-11-01 $373,685 (2.5%) $470,263 (1.5%) 0.90 4,437
    2022-12-01 $365,650 (-1.2%) $462,227 (-1.0%) 0.90 4,471
    2023-01-01 $362,500 (-2.3%) $457,971 (-2.5%) 0.90 4,284
    2023-02-01 $363,538 (-7.4%) $457,963 (-10.6%) 0.88 4,035
    2023-03-01 $364,988 (-8.6%) $461,709 (-11.3%) 0.86 3,924
    2023-04-01 $366,591 (-8.0%) $470,328 (-9.9%) 0.85 3,851
    2023-05-01 $366,075 (-6.0%) $466,303 (-9.3%) 0.83 3,966
    2023-06-01 $365,345 (-6.1%) $468,341 (-8.2%) 0.82 4,035
    2023-07-01 $359,900 (-5.9%) $464,238 (-6.9%) 0.82 4,168
    2023-08-01 $355,784 (-6.4%) $494,873 (1.4%) 0.82 4,349
    Myrtle Beach's median listing price for 2023-08-01 was $355,784, a difference of $-24,501 (-6.4%) versus the prior year and $-4,116 versus the prior month.

    Myrtle Beach's median listing price comes in at 82% of the national average.

    Myrtle Beach's average listing price for 2023-08-01 was $494,873, a difference of $6,663 (1.4%) versus the prior year and $30,635 versus the prior month.

    For the 2023-08-01 period, Myrtle Beach had 4,349 MLS listings, a difference of 181 listings (4%) versus the prior month and 719 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Myrtle Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 99 days 1,701 sqft
    2018-02-01 94 days 1,701 sqft
    2018-03-01 75 days 1,701 sqft
    2018-04-01 73 days 1,701 sqft
    2018-05-01 73 days 1,701 sqft
    2018-06-01 79 days 1,701 sqft
    2018-07-01 85 days 1,701 sqft
    2018-08-01 82 days 1,701 sqft
    2018-09-01 87 days 1,701 sqft
    2018-10-01 91 days 1,647 sqft
    2018-11-01 95 days 1,648 sqft
    2018-12-01 102 days 1,651 sqft
    2019-01-01 94 days 1,626 sqft
    2019-02-01 89 days 1,604 sqft
    2019-03-01 79 days 1,559 sqft
    2019-04-01 73 days 1,504 sqft
    2019-05-01 76 days 1,518 sqft
    2019-06-01 81 days 1,550 sqft
    2019-07-01 82 days 1,599 sqft
    2019-08-01 84 days 1,603 sqft
    2019-09-01 84 days 1,605 sqft
    2019-10-01 85 days 1,604 sqft
    2019-11-01 86 days 1,602 sqft
    2019-12-01 90 days 1,650 sqft
    2020-01-01 96 days 1,650 sqft
    2020-02-01 93 days 1,651 sqft
    2020-03-01 71 days 1,650 sqft
    2020-04-01 76 days 1,650 sqft
    2020-05-01 86 days 1,650 sqft
    2020-06-01 92 days 1,679 sqft
    2020-07-01 77 days 1,676 sqft
    2020-08-01 68 days 1,659 sqft
    2020-09-01 68 days 1,650 sqft
    2020-10-01 68 days 1,647 sqft
    2020-11-01 69 days 1,631 sqft
    2020-12-01 72 days 1,620 sqft
    2021-01-01 75 days 1,607 sqft
    2021-02-01 72 days 1,600 sqft
    2021-03-01 55 days 1,603 sqft
    2021-04-01 51 days 1,651 sqft
    2021-05-01 46 days 1,667 sqft
    2021-06-01 41 days 1,680 sqft
    2021-07-01 37 days 1,720 sqft
    2021-08-01 35 days 1,728 sqft
    2021-09-01 39 days 1,736 sqft
    2021-10-01 41 days 1,835 sqft
    2021-11-01 44 days 1,807 sqft
    2021-12-01 57 days 1,813 sqft
    2022-01-01 64 days 1,822 sqft
    2022-02-01 48 days 1,815 sqft
    2022-03-01 37 days 1,808 sqft
    2022-04-01 29 days 1,727 sqft
    2022-05-01 26 days 1,708 sqft
    2022-06-01 32 days 1,699 sqft
    2022-07-01 39 days 1,668 sqft
    2022-08-01 45 days 1,670 sqft
    2022-09-01 52 days 1,691 sqft
    2022-10-01 58 days 1,702 sqft
    2022-11-01 65 days 1,702 sqft
    2022-12-01 67 days 1,711 sqft
    2023-01-01 76 days 1,701 sqft
    2023-02-01 79 days 1,712 sqft
    2023-03-01 62 days 1,720 sqft
    2023-04-01 53 days 1,715 sqft
    2023-05-01 51 days 1,701 sqft
    2023-06-01 51 days 1,674 sqft
    2023-07-01 55 days 1,648 sqft
    2023-08-01 55 days 1,618 sqft
    Myrtle Beach's median listing age (time on market) for 2023-08-01 was 55 days. This is 21% longer than the same period one year ago.

    Myrtle Beach's median square footage for active listings during the 2023-08-01 period was 1,618 sqft. One year prior, the average listing was 1,670 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.