Myrtle Beach VA Loan Rates, Closing Costs & Stats

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

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 158 lenders originated 1,540 VA loans during 2023. The total origination value was $495,520,000, with an average VA loan value of $321,766.

Myrtle Beach VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Myrtle Beach averaged 6.74% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

Myrtle Beach's average VA mortgage closing costs are $5,777.

The average rate for the prior week (2024-05-10) was 6.55% and one month ago for the week of 2024-04-12, the average rate was 6.63%.

The average rate one year ago was 6.14%.

For refis of the same type during the week of 2024-05-17, the average rate was 7.03%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 200 5.34% $5,800
Mortgage Research Center, LLC 185 6.62% $7,180
QUICKEN LOANS, LLC 76 6.09% $12,880
UNITED WHOLESALE MORTGAGE, LLC 74 6.24% $8,557
MOVEMENT MORTGAGE, LLC 65 6.38% $6,084
EAGLE HOME MORTGAGE, LLC 59 5.87% $6,134
LOANDEPOT.COM, LLC 50 6.04% $10,906
NAVY FEDERAL CREDIT UNION 49 5.73% $5,298
NEW DAY FINANCIAL, LLC 36 7.43% $12,818
GUARANTEED RATE, INC. 33 6.36% $7,877
FREEDOM MORTGAGE CORPORATION 27 6.56% $16,829
USAA Federal Savings Bank 25 6.36% $7,494
Mr. Cooper ( Nationstar Mortgage ) 21 6.01% $13,326
PENNYMAC LOAN SERVICES, LLC 20 5.69% $10,110
JET HOMELOANS, LLC 18 6.00% $6,352
Neighborhood Loans, Inc. 18 6.74% $9,329
PULTE MORTGAGE LLC 18 6.20% $1,400
AMERICAN PACIFIC MORTGAGE CORPORATION 17 6.66% $13,270
CROSSCOUNTRY MORTGAGE, LLC 17 6.54% $9,109
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 6.91% $7,872
PENTAGON FEDERAL CREDIT UNION 16 5.47% $5,971
TIDEWATER MORTGAGE SERVICES, INC. 15 6.31% $13,835
Ameris Bank 12 6.49% $5,985
MORTGAGE SOLUTIONS OF COLORADO, LLC 12 7.60% $4,295
GUILD MORTGAGE COMPANY 11 6.53% $6,134
NVR Mortgage Finance, Inc. 11 5.92% $4,938
VILLAGE CAPITAL MORTGAGE 10 6.15% $9,566
AMERICAN FINANCIAL NETWORK, INC. 10 6.61% $9,652
T2 FINANCIAL LLC 10 6.68% $8,830
Plains Commerce Bank 10 6.11% $10,043
NEWREZ LLC 10 6.60% $8,100
Integrity Home Mortgage Corp 10 6.24% $9,007
INTERCOASTAL MORTGAGE COMPANY 10 6.22% $8,376
AMERISAVE MORTGAGE CORPORATION 10 5.90% $14,371
CMG MORTGAGE, INC. 9 6.42% $9,122
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 9 6.25% $7,899
VANDERBILT MORTGAGE AND FINANCE, INC. 7 6.18% $5,173
American Security Mortgage Corp. 7 6.30% $9,877
Flagstar Bank, FSB 6 6.65% $7,563
Truist 6 6.39% $6,690
RELIANCE FIRST CAPITAL, LLC 6 6.63% $15,742
VERITAS FUNDING, LLC 6 6.83% $21,131
CARDINAL FINANCIAL 6 6.92% $15,724
UNION HOME MORTGAGE CORP. 6 6.85% $8,420
The Federal Savings Bank 6 6.29% $13,181
Gateway First Bank 6 6.42% $7,048
Magnolia Bank 5 6.00% $9,185
Towne Bank 5 6.48% $14,847
Barrington Bank & Trust Company, N.A. 5 6.85% $7,489
BROKER SOLUTIONS, INC. 5 6.52% $10,542
Prosperity Home Mortgage, LLC 5 6.45% $7,634
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.70% $11,467
PLANET HOME LENDING, LLC 5 6.03% $11,598
Paramount Residential Mortgage Group, Inc. 5 6.55% $11,330
CORNERSTONE HOME LENDING, INC. 5 6.08% $9,241
DELMAR FINANCIAL COMPANY 5 6.43% $7,792
MUTUAL OF OMAHA MORTGAGE, INC. 5 6.48% $11,353
Wells Fargo Bank 4 4.75% $7,175
FBC MORTGAGE, LLC 4 6.47% $5,890
GoPrime Mortgage, Inc. 4 5.90% $12,285
LAKEVIEW LOAN SERVICING, LLC 4 6.13% $16,539
SeaTrust Mortgage Company 4 6.88% $4,670
South State Bank 4 6.22% $6,231
Northpointe Bank 3 7.00% $15,750
CALIBER HOME LOANS, INC. 3 6.08% $6,811
TBI MORTGAGE COMPANY 3 5.50% $15,981
United Bank 3 6.96% $5,827
Platinum Home Mortgage Corporation 3 6.50% $6,369
Equity Prime Mortgage LLC 3 7.00% $13,538
Mid-Continent Funding, Inc. 3 6.38% $15,314
US MORTGAGE CORPORATION 3 6.13% $9,204
HOMESIDE FINANCIAL, LLC 3 6.21% $12,806
SUN WEST MORTGAGE COMPANY, INC. 3 6.25% $11,149
CBM Mortgage, Inc. 3 6.83% $13,387
INSPIRE HOME LOANS INC. 3 5.50% $2,783
Fifth Third Bank 2 5.94% $9,236
EQUITY RESOURCES, INC. 2 6.37% $3,941
Blue Ridge Bank 2 6.69% $3,625
North State Bank 2 6.81% $9,766
Alcova Mortgage LLC 2 6.75% $12,478
Nations Lending Corporation 2 7.13% $15,904
HOMESTEAD FUNDING CORP. 2 6.38% $17,561
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.94% $11,863
MIDLAND MORTGAGE CORPORATION 2 6.19% $6,887
MORTGAGEONE, INC. 2 7.31% $8,958
SECURITYNATIONAL MORTGAGE COMPANY 2 7.00% $9,319
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 5.88% $7,884
SOUTHERN TRUST MORTGAGE, LLC 2 6.13% $8,458
ACADEMY MORTGAGE CORPORATION 2 6.63% $16,867
SOUTHWEST STAGE FUNDING, LLC 2 6.69% $5,469
SOVEREIGN LENDING GROUP INCORPORATED 2 6.19% $10,672
Strong Home Mortgage, LLC 2 6.13% $4,772
MDE Home Loans, LLC 2 5.44% $7,303
SUMMIT FUNDING, INC. 2 6.75% $16,847
Bank of England 2 6.19% $8,655
PHH Mortgage Corporation 1 5.63% $7,420
Citizens Bank 1 6.88% $4,168
PNC Bank 1 7.50% $1,862
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $8,524
Carrington Mortgage Services, LLC 1 5.63% $8,160
Princeton Mortgage Corporation 1 7.63% $8,209
Capital Bank 1 5.50% $9,529
RADIUS FINANCIAL GROUP INC. 1 7.25% $33,358
BAYSHORE MORTGAGE FUNDING, LLC 1 6.88% $38,975
Renasant Bank 1 7.00% $6,814
Residential Mortgage Solutions, Inc. 1 7.75% $11,816
RESOURCE FINANCIAL SERVICES, INC. 1 6.13% $10,959
ROSS MORTGAGE CORPORATION 1 7.88% $4,485
ROYAL UNITED MORTGAGE LLC 1 7.25% $18,888
Advisors Mortgage Group, L.L.C. 1 5.63% $12,990
SUCCESS MORTGAGE PARTNERS, INC. 1 6.99% $6,837
Sunflower Bank 1 5.38% $2,679
The Bank of South Carolina 1 5.75% $2,425
The Central Trust Bank 1 6.75% $4,298
Bank of America 1 6.13% $572
Atlantic Coast Mortgage, LLC 1 7.49% $10,982
Armed Forces Bank 1 6.13% $4,641
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $2,312
Trustmark National Bank 1 6.50% $4,970
AmeriHome Mortgage Company, LLC 1 7.13% $3,960
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $4,089
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $4,681
U.S. Bank 1 6.63% $6,089
GUARANTEED RATE AFFINITY, LLC 1 7.25% $7,029
GUARANTY HOME MORTGAGE CORPORATION 1 6.00% $7,967
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.25% $4,271
GENEVA FINANCIAL, LLC 1 7.25% $6,991
Hometown Equity Mortgage, LLC 1 5.75% $16,920
FIRST SAVINGS MORTGAGE CORPORATION 1 6.13% $4,389
First Heritage Mortgage, LLC 1 5.63% $21,904
INTERLINC MORTGAGE SERVICES, LLC 1 6.63% $13,508
First Federal Bank 1 7.13% $6,307
JPMorgan Chase Bank 1 5.99% $7,745
Lakeview Community Capital, LLC 1 6.13% $7,054
ALAMEDA MORTGAGE CORPORATION 1 6.25% $10,344
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.13% $10,278
FIRST COMMUNITY MORTGAGE, INC. 1 6.38% $5,810
FIRST COLONY MORTGAGE CORPORATION 1 6.63% $4,016
Meridian Bank Corporation 1 5.75% $16,157
MID AMERICA MORTGAGE, INC. 1 6.13% $1,363
MID-ISLAND MORTGAGE CORP. 1 6.25% $18,851
First-Citizens Bank & Trust Company 1 6.38% $5,364
First Bank 1 5.63% $13,259
M&T Bank 1 6.25% $11,696
NATION ONE MORTGAGE CORPORATION 1 8.13% $7,063
Encompass Lending Group, LP 1 5.75% $11,121
NBKC BANK 1 5.63% $4,057
EMM LOANS LLC 1 6.50% $13,088
NETWORK CAPITAL FUNDING CORPORATION 1 5.25% $12,603
DRAPER AND KRAMER MORTGAGE CORP. 1 6.25% $2,625
DIRECT MORTGAGE LOANS, LLC 1 5.25% $23,930
NFM, INC. 1 6.50% $6,826
North American Savings Bank, F.S.B. 1 5.63% $2,846
Credence Funding Corporation 1 6.13% $5,314
OCMBC, INC. 1 6.25% $7,672
Old National Bank 1 5.00% $8,914
CONTOUR MORTGAGE CORPORATION 1 6.13% $12,088
CityWorth Mortgage LLC 1 5.63% $5,427

The top Myrtle Beach VA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 200 VA loans originated. Their average total fees are $5,800, which is $1,380 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Myrtle Beach VA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($1,400), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,295), NVR Mortgage Finance, Inc. ($4,938), NAVY FEDERAL CREDIT UNION ($5,298) and DHI MORTGAGE COMPANY, LTD. ($5,800).

The lowest rate Myrtle Beach VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.34%), PENTAGON FEDERAL CREDIT UNION (5.47%), PENNYMAC LOAN SERVICES, LLC (5.69%), NAVY FEDERAL CREDIT UNION (5.73%) and EAGLE HOME MORTGAGE, LLC (5.87%).


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 $245,345 (6.7%) $318,253 (7.4%) 0.91 6,641
2018-02-01 $247,531 (7.7%) $316,233 (6.2%) 0.90 6,823
2018-03-01 $249,000 (6.0%) $319,276 (5.5%) 0.87 7,024
2018-04-01 $249,900 (4.6%) $326,046 (4.7%) 0.85 7,034
2018-05-01 $252,498 (5.3%) $329,157 (4.6%) 0.84 6,969
2018-06-01 $259,900 (7.7%) $335,091 (4.2%) 0.87 6,870
2018-07-01 $260,213 (6.3%) $335,520 (4.8%) 0.87 6,710
2018-08-01 $259,168 (4.8%) $332,222 (3.2%) 0.87 6,759
2018-09-01 $257,500 (3.4%) $332,379 (2.8%) 0.87 6,671
2018-10-01 $249,988 (0.4%) $324,731 (0.7%) 0.85 6,660
2018-11-01 $250,950 (2.4%) $323,931 (0.4%) 0.85 6,630
2018-12-01 $250,000 (2.0%) $321,139 (-0.1%) 0.86 6,596
2019-01-01 $251,695 (2.6%) $319,625 (0.4%) 0.87 6,529
2019-02-01 $253,050 (2.2%) $322,489 (2.0%) 0.85 6,791
2019-03-01 $255,449 (2.6%) $324,972 (1.8%) 0.84 7,012
2019-04-01 $259,900 (4.0%) $329,551 (1.1%) 0.83 7,209
2019-05-01 $264,200 (4.6%) $334,994 (1.8%) 0.83 7,160
2019-06-01 $263,500 (1.4%) $334,669 (-0.1%) 0.82 7,110
2019-07-01 $260,000 (-0.1%) $334,427 (-0.3%) 0.81 7,030
2019-08-01 $262,155 (1.2%) $336,308 (1.2%) 0.83 6,949
2019-09-01 $265,386 (3.1%) $337,239 (1.5%) 0.85 6,879
2019-10-01 $266,898 (6.8%) $337,202 (3.8%) 0.86 6,836
2019-11-01 $265,000 (5.6%) $336,929 (4.0%) 0.87 6,796
2019-12-01 $264,900 (6.0%) $335,154 (4.4%) 0.88 6,596
2020-01-01 $259,900 (3.3%) $331,222 (3.6%) 0.87 6,376
2020-02-01 $262,000 (3.5%) $332,703 (3.2%) 0.86 6,431
2020-03-01 $261,200 (2.3%) $335,754 (3.3%) 0.82 6,621
2020-04-01 $259,900 (0.0%) $331,226 (0.5%) 0.81 6,894
2020-05-01 $261,995 (-0.8%) $336,674 (0.5%) 0.80 6,652
2020-06-01 $264,900 (0.5%) $339,381 (1.4%) 0.78 5,962
2020-07-01 $262,450 (0.9%) $339,663 (1.6%) 0.76 5,620
2020-08-01 $260,444 (-0.7%) $339,148 (0.8%) 0.75 5,405
2020-09-01 $260,120 (-2.0%) $341,248 (1.2%) 0.75 5,068
2020-10-01 $262,990 (-1.5%) $346,093 (2.6%) 0.75 4,835
2020-11-01 $264,200 (-0.3%) $344,601 (2.3%) 0.77 4,582
2020-12-01 $259,995 (-1.9%) $339,941 (1.4%) 0.77 4,469
2021-01-01 $259,900 (0.0%) $337,006 (1.8%) 0.78 4,104
2021-02-01 $262,896 (0.3%) $341,440 (2.6%) 0.77 3,484
2021-03-01 $273,015 (4.5%) $358,533 (6.8%) 0.77 2,947
2021-04-01 $291,175 (12.0%) $380,422 (14.9%) 0.79 2,476
2021-05-01 $311,185 (18.8%) $415,825 (23.5%) 0.83 1,986
2021-06-01 $329,000 (24.2%) $438,907 (29.3%) 0.87 1,883
2021-07-01 $358,900 (36.8%) $456,133 (34.3%) 0.95 1,966
2021-08-01 $358,198 (37.5%) $456,808 (34.7%) 0.96 2,211
2021-09-01 $356,348 (37.0%) $453,854 (33.0%) 0.95 2,343
2021-10-01 $366,045 (39.2%) $464,347 (34.2%) 0.98 2,391
2021-11-01 $365,539 (38.4%) $464,570 (34.8%) 0.98 2,302
2021-12-01 $370,533 (42.5%) $468,922 (37.9%) 1.00 1,999
2022-01-01 $372,000 (43.1%) $471,861 (40.0%) 1.01 1,785
2022-02-01 $394,808 (50.2%) $512,079 (50.0%) 1.03 1,362
2022-03-01 $399,555 (46.4%) $520,708 (45.2%) 1.00 1,358
2022-04-01 $399,000 (37.0%) $522,855 (37.4%) 0.95 1,570
2022-05-01 $389,900 (25.3%) $514,022 (23.6%) 0.89 2,152
2022-06-01 $389,655 (18.4%) $510,846 (16.4%) 0.87 2,705
2022-07-01 $383,663 (6.9%) $498,701 (9.3%) 0.86 3,337
2022-08-01 $381,175 (6.4%) $488,608 (7.0%) 0.88 3,645
2022-09-01 $382,675 (7.4%) $487,642 (7.4%) 0.89 3,909
2022-10-01 $379,370 (3.6%) $480,837 (3.6%) 0.89 4,153
2022-11-01 $374,172 (2.4%) $470,550 (1.3%) 0.90 4,443
2022-12-01 $365,815 (-1.3%) $462,487 (-1.4%) 0.90 4,478
2023-01-01 $362,500 (-2.6%) $458,294 (-2.9%) 0.90 4,288
2023-02-01 $364,059 (-7.8%) $458,158 (-10.5%) 0.88 4,042
2023-03-01 $365,095 (-8.6%) $462,122 (-11.3%) 0.86 3,929
2023-04-01 $366,948 (-8.0%) $470,655 (-10.0%) 0.85 3,857
2023-05-01 $365,974 (-6.1%) $466,433 (-9.3%) 0.83 3,968
2023-06-01 $365,151 (-6.3%) $468,436 (-8.3%) 0.82 4,037
2023-07-01 $359,900 (-6.2%) $464,469 (-6.9%) 0.82 4,169
2023-08-01 $355,784 (-6.7%) $494,873 (1.3%) 0.82 4,349
2023-09-01 $350,000 (-8.5%) $458,571 (-6.0%) 0.81 4,508
2023-10-01 $350,000 (-7.7%) $459,288 (-4.5%) 0.82 4,814
2023-11-01 $350,000 (-6.5%) $456,685 (-3.0%) 0.83 5,141
2023-12-01 $349,900 (-4.4%) $448,667 (-3.0%) 0.85 5,232
2024-01-01 $345,884 (-4.6%) $445,109 (-2.9%) 0.84 5,367
2024-02-01 $345,875 (-5.0%) $446,242 (-2.6%) 0.83 5,702
2024-03-01 $346,900 (-5.0%) $449,433 (-2.8%) 0.82 5,951
2024-04-01 $345,633 (-5.8%) $448,965 (-4.6%) 0.80 6,340
Myrtle Beach's median listing price for 2024-04-01 was $345,633, a difference of $-21,315 (-5.8%) versus the prior year and $-1,267 versus the prior month.

Myrtle Beach's median listing price comes in at 80% of the national average.

Myrtle Beach's average listing price for 2024-04-01 was $448,965, a difference of $-21,690 (-4.6%) versus the prior year and $-468 versus the prior month.

For the 2024-04-01 period, Myrtle Beach had 6,340 MLS listings, a difference of 389 listings (7%) versus the prior month and 2,483 listings (64%) 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 1,650 sqft
2018-11-01 95 days 1,647 sqft
2018-12-01 102 days 1,651 sqft
2019-01-01 94 days 1,626 sqft
2019-02-01 89 days 1,605 sqft
2019-03-01 79 days 1,539 sqft
2019-04-01 74 days 1,451 sqft
2019-05-01 76 days 1,451 sqft
2019-06-01 81 days 1,451 sqft
2019-07-01 82 days 1,501 sqft
2019-08-01 84 days 1,511 sqft
2019-09-01 84 days 1,526 sqft
2019-10-01 85 days 1,536 sqft
2019-11-01 86 days 1,550 sqft
2019-12-01 90 days 1,601 sqft
2020-01-01 96 days 1,636 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 1,651 sqft
2020-06-01 92 days 1,686 sqft
2020-07-01 77 days 1,677 sqft
2020-08-01 68 days 1,660 sqft
2020-09-01 68 days 1,650 sqft
2020-10-01 68 days 1,650 sqft
2020-11-01 68 days 1,637 sqft
2020-12-01 72 days 1,620 sqft
2021-01-01 75 days 1,610 sqft
2021-02-01 73 days 1,600 sqft
2021-03-01 56 days 1,605 sqft
2021-04-01 52 days 1,652 sqft
2021-05-01 46 days 1,671 sqft
2021-06-01 41 days 1,687 sqft
2021-07-01 37 days 1,723 sqft
2021-08-01 35 days 1,729 sqft
2021-09-01 39 days 1,741 sqft
2021-10-01 41 days 1,831 sqft
2021-11-01 44 days 1,805 sqft
2021-12-01 57 days 1,812 sqft
2022-01-01 64 days 1,821 sqft
2022-02-01 48 days 1,814 sqft
2022-03-01 37 days 1,804 sqft
2022-04-01 29 days 1,726 sqft
2022-05-01 26 days 1,710 sqft
2022-06-01 32 days 1,700 sqft
2022-07-01 39 days 1,673 sqft
2022-08-01 45 days 1,672 sqft
2022-09-01 52 days 1,693 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 77 days 1,701 sqft
2023-02-01 79 days 1,713 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
2023-09-01 55 days 1,618 sqft
2023-10-01 57 days 1,600 sqft
2023-11-01 59 days 1,601 sqft
2023-12-01 66 days 1,580 sqft
2024-01-01 72 days 1,576 sqft
2024-02-01 62 days 1,561 sqft
2024-03-01 57 days 1,554 sqft
2024-04-01 59 days 1,557 sqft
Myrtle Beach's median listing age (time on market) for 2024-04-01 was 59 days. This is 11% longer than the same period one year ago.

Myrtle Beach's median square footage for active listings during the 2024-04-01 period was 1,557 sqft. One year prior, the average listing was 1,715 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.