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
6.4%
for the week of 2025-02-07, compared to the national average (all VA variants) of
6.362% for the same period.
Myrtle Beach's average VA mortgage closing costs are $5,777.
The average rate for the prior week (2025-01-31) was
6.53% and
one month ago for the week of 2025-01-03, the
average rate was 6.72%.
The average rate one year ago was 6.16%.
For refis of the same type during the week of 2025-02-07, the average rate
was 6.99%.
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.
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 | $227,590 (8.4%) | $283,889 (6.9%) | 0.91 | 4,764 |
| 2018-02-01 | $229,250 (8.4%) | $283,511 (6.3%) | 0.90 | 4,881 |
| 2018-03-01 | $228,990 (5.5%) | $284,602 (5.5%) | 0.87 | 5,069 |
| 2018-04-01 | $229,900 (4.6%) | $288,173 (5.0%) | 0.85 | 5,043 |
| 2018-05-01 | $231,551 (5.3%) | $290,191 (4.8%) | 0.84 | 4,991 |
| 2018-06-01 | $237,900 (6.5%) | $294,509 (3.9%) | 0.87 | 4,944 |
| 2018-07-01 | $239,266 (6.9%) | $295,438 (5.0%) | 0.87 | 4,844 |
| 2018-08-01 | $234,950 (4.4%) | $291,054 (2.1%) | 0.87 | 4,890 |
| 2018-09-01 | $234,900 (4.4%) | $291,255 (2.1%) | 0.87 | 4,828 |
| 2018-10-01 | $232,995 (3.6%) | $289,287 (1.9%) | 0.85 | 4,897 |
| 2018-11-01 | $233,978 (3.5%) | $290,403 (2.1%) | 0.85 | 4,890 |
| 2018-12-01 | $234,800 (3.9%) | $289,535 (1.7%) | 0.86 | 4,847 |
| 2019-01-01 | $234,775 (3.2%) | $288,989 (1.8%) | 0.87 | 4,842 |
| 2019-02-01 | $235,445 (2.7%) | $294,498 (3.9%) | 0.85 | 4,993 |
| 2019-03-01 | $236,162 (3.1%) | $297,343 (4.5%) | 0.84 | 5,096 |
| 2019-04-01 | $237,635 (3.4%) | $301,281 (4.6%) | 0.83 | 5,156 |
| 2019-05-01 | $239,950 (3.6%) | $304,499 (4.9%) | 0.83 | 5,096 |
| 2019-06-01 | $239,900 (0.8%) | $302,562 (2.7%) | 0.82 | 5,064 |
| 2019-07-01 | $239,611 (0.1%) | $300,076 (1.6%) | 0.81 | 5,024 |
| 2019-08-01 | $239,000 (1.7%) | $300,385 (3.2%) | 0.83 | 4,964 |
| 2019-09-01 | $239,000 (1.8%) | $300,197 (3.1%) | 0.85 | 4,937 |
| 2019-10-01 | $238,555 (2.4%) | $299,271 (3.5%) | 0.86 | 4,932 |
| 2019-11-01 | $239,900 (2.5%) | $299,356 (3.1%) | 0.87 | 4,896 |
| 2019-12-01 | $239,900 (2.2%) | $297,752 (2.8%) | 0.88 | 4,779 |
| 2020-01-01 | $236,900 (0.9%) | $296,068 (2.5%) | 0.87 | 4,639 |
| 2020-02-01 | $236,995 (0.7%) | $298,133 (1.2%) | 0.86 | 4,714 |
| 2020-03-01 | $235,633 (-0.2%) | $299,217 (0.6%) | 0.82 | 4,825 |
| 2020-04-01 | $235,000 (-1.1%) | $294,525 (-2.2%) | 0.81 | 5,070 |
| 2020-05-01 | $238,550 (-0.6%) | $299,472 (-1.7%) | 0.80 | 4,895 |
| 2020-06-01 | $239,684 (-0.1%) | $301,861 (-0.2%) | 0.78 | 4,442 |
| 2020-07-01 | $239,900 (0.1%) | $302,703 (0.9%) | 0.76 | 4,238 |
| 2020-08-01 | $239,900 (0.4%) | $302,976 (0.9%) | 0.75 | 4,180 |
| 2020-09-01 | $239,950 (0.4%) | $302,844 (0.9%) | 0.75 | 3,944 |
| 2020-10-01 | $241,550 (1.3%) | $303,496 (1.4%) | 0.75 | 3,754 |
| 2020-11-01 | $244,950 (2.1%) | $305,282 (2.0%) | 0.77 | 3,515 |
| 2020-12-01 | $243,150 (1.4%) | $299,843 (0.7%) | 0.77 | 3,436 |
| 2021-01-01 | $243,070 (2.6%) | $297,149 (0.4%) | 0.78 | 3,169 |
| 2021-02-01 | $244,950 (3.4%) | $301,600 (1.2%) | 0.77 | 2,713 |
| 2021-03-01 | $255,618 (8.5%) | $314,713 (5.2%) | 0.77 | 2,282 |
| 2021-04-01 | $265,912 (13.2%) | $338,944 (15.1%) | 0.79 | 1,882 |
| 2021-05-01 | $279,900 (17.3%) | $364,320 (21.7%) | 0.83 | 1,507 |
| 2021-06-01 | $297,500 (24.1%) | $390,441 (29.3%) | 0.87 | 1,338 |
| 2021-07-01 | $326,470 (36.1%) | $409,458 (35.3%) | 0.95 | 1,411 |
| 2021-08-01 | $334,750 (39.5%) | $411,692 (35.9%) | 0.96 | 1,582 |
| 2021-09-01 | $337,450 (40.6%) | $416,507 (37.5%) | 0.95 | 1,648 |
| 2021-10-01 | $350,000 (44.9%) | $433,793 (42.9%) | 0.98 | 1,690 |
| 2021-11-01 | $356,568 (45.6%) | $440,202 (44.2%) | 0.98 | 1,645 |
| 2021-12-01 | $359,500 (47.9%) | $441,774 (47.3%) | 1.00 | 1,397 |
| 2022-01-01 | $359,900 (48.1%) | $444,663 (49.6%) | 1.01 | 1,312 |
| 2022-02-01 | $377,731 (54.2%) | $471,025 (56.2%) | 1.03 | 1,006 |
| 2022-03-01 | $397,000 (55.3%) | $481,767 (53.1%) | 1.00 | 1,002 |
| 2022-04-01 | $383,295 (44.1%) | $477,631 (40.9%) | 0.95 | 1,175 |
| 2022-05-01 | $374,950 (34.0%) | $469,951 (29.0%) | 0.89 | 1,624 |
| 2022-06-01 | $367,450 (23.5%) | $463,349 (18.7%) | 0.87 | 2,049 |
| 2022-07-01 | $358,900 (9.9%) | $447,229 (9.2%) | 0.86 | 2,538 |
| 2022-08-01 | $359,088 (7.3%) | $440,603 (7.0%) | 0.88 | 2,795 |
| 2022-09-01 | $358,925 (6.4%) | $436,868 (4.9%) | 0.89 | 2,991 |
| 2022-10-01 | $353,858 (1.1%) | $432,779 (-0.2%) | 0.89 | 3,205 |
| 2022-11-01 | $349,937 (-1.9%) | $428,439 (-2.7%) | 0.90 | 3,412 |
| 2022-12-01 | $349,900 (-2.7%) | $423,621 (-4.1%) | 0.90 | 3,441 |
| 2023-01-01 | $349,450 (-2.9%) | $422,320 (-5.0%) | 0.90 | 3,274 |
| 2023-02-01 | $349,945 (-7.4%) | $425,843 (-9.6%) | 0.88 | 3,040 |
| 2023-03-01 | $349,995 (-11.8%) | $426,932 (-11.4%) | 0.86 | 2,925 |
| 2023-04-01 | $349,973 (-8.7%) | $431,956 (-9.6%) | 0.85 | 2,908 |
| 2023-05-01 | $349,900 (-6.7%) | $422,414 (-10.1%) | 0.83 | 3,045 |
| 2023-06-01 | $349,448 (-4.9%) | $420,008 (-9.4%) | 0.82 | 3,126 |
| 2023-07-01 | $339,900 (-5.3%) | $413,348 (-7.6%) | 0.82 | 3,214 |
| 2023-08-01 | $336,450 (-6.3%) | $408,535 (-7.3%) | 0.82 | 3,362 |
| 2023-09-01 | $329,900 (-8.1%) | $403,676 (-7.6%) | 0.81 | 3,451 |
| 2023-10-01 | $329,697 (-6.8%) | $402,675 (-7.0%) | 0.82 | 3,642 |
| 2023-11-01 | $329,000 (-6.0%) | $401,748 (-6.2%) | 0.83 | 3,847 |
| 2023-12-01 | $325,078 (-7.1%) | $400,269 (-5.5%) | 0.85 | 3,961 |
| 2024-01-01 | $325,000 (-7.0%) | $399,078 (-5.5%) | 0.84 | 4,095 |
| 2024-02-01 | $324,900 (-7.2%) | $396,496 (-6.9%) | 0.83 | 4,281 |
| 2024-03-01 | $324,900 (-7.2%) | $396,356 (-7.2%) | 0.82 | 4,508 |
| 2024-04-01 | $324,900 (-7.2%) | $396,971 (-8.1%) | 0.80 | 4,726 |
| 2024-05-01 | $324,900 (-7.1%) | $400,522 (-5.2%) | 0.78 | 4,955 |
| 2024-06-01 | $322,000 (-7.9%) | $400,053 (-4.8%) | 0.77 | 5,052 |
| 2024-07-01 | $324,900 (-4.4%) | $402,045 (-2.7%) | 0.78 | 5,126 |
| 2024-08-01 | $322,998 (-4.0%) | $401,582 (-1.7%) | 0.79 | 5,164 |
| 2024-09-01 | $320,495 (-2.9%) | $399,535 (-1.0%) | 0.80 | 5,316 |
| 2024-10-01 | $319,995 (-2.9%) | $400,202 (-0.6%) | 0.80 | 5,389 |
| 2024-11-01 | $319,900 (-2.8%) | $400,823 (-0.2%) | 0.82 | 5,507 |
| 2024-12-01 | $319,900 (-1.6%) | $402,357 (0.5%) | 0.84 | 5,232 |
| 2025-01-01 | $320,990 (-1.2%) | $407,032 (2.0%) | 0.00 | 5,155 |
Myrtle Beach's median listing price comes in at 0% of the national average.
Myrtle Beach's average listing price for 2025-01-01 was $407,032, a difference of $7,954 (2.0%) versus the prior year and $4,675 versus the prior month.
For the 2025-01-01 period, Myrtle Beach had 5,155 MLS listings, a difference of -77 listings (-1%) versus the prior month and 1,060 listings (26%) 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 | 1,601 sqft |
| 2018-02-01 | 94 days | 1,601 sqft |
| 2018-03-01 | 75 days | 1,601 sqft |
| 2018-04-01 | 73 days | 1,601 sqft |
| 2018-05-01 | 73 days | 1,601 sqft |
| 2018-06-01 | 79 days | 1,601 sqft |
| 2018-07-01 | 85 days | 1,601 sqft |
| 2018-08-01 | 82 days | 1,601 sqft |
| 2018-09-01 | 87 days | 1,601 sqft |
| 2018-10-01 | 91 days | 1,551 sqft |
| 2018-11-01 | 95 days | 1,551 sqft |
| 2018-12-01 | 102 days | 1,551 sqft |
| 2019-01-01 | 94 days | 1,501 sqft |
| 2019-02-01 | 89 days | 1,526 sqft |
| 2019-03-01 | 79 days | 1,380 sqft |
| 2019-04-01 | 74 days | 1,174 sqft |
| 2019-05-01 | 76 days | 1,151 sqft |
| 2019-06-01 | 81 days | 1,151 sqft |
| 2019-07-01 | 82 days | 1,201 sqft |
| 2019-08-01 | 84 days | 1,215 sqft |
| 2019-09-01 | 84 days | 1,235 sqft |
| 2019-10-01 | 85 days | 1,251 sqft |
| 2019-11-01 | 86 days | 1,301 sqft |
| 2019-12-01 | 90 days | 1,401 sqft |
| 2020-01-01 | 96 days | 1,450 sqft |
| 2020-02-01 | 93 days | 1,550 sqft |
| 2020-03-01 | 71 days | 1,550 sqft |
| 2020-04-01 | 76 days | 1,539 sqft |
| 2020-05-01 | 86 days | 1,550 sqft |
| 2020-06-01 | 92 days | 1,550 sqft |
| 2020-07-01 | 77 days | 1,536 sqft |
| 2020-08-01 | 68 days | 1,520 sqft |
| 2020-09-01 | 68 days | 1,504 sqft |
| 2020-10-01 | 68 days | 1,500 sqft |
| 2020-11-01 | 68 days | 1,500 sqft |
| 2020-12-01 | 72 days | 1,479 sqft |
| 2021-01-01 | 75 days | 1,465 sqft |
| 2021-02-01 | 73 days | 1,405 sqft |
| 2021-03-01 | 56 days | 1,403 sqft |
| 2021-04-01 | 52 days | 1,491 sqft |
| 2021-05-01 | 46 days | 1,500 sqft |
| 2021-06-01 | 41 days | 1,509 sqft |
| 2021-07-01 | 37 days | 1,600 sqft |
| 2021-08-01 | 35 days | 1,653 sqft |
| 2021-09-01 | 39 days | 1,671 sqft |
| 2021-10-01 | 41 days | 1,774 sqft |
| 2021-11-01 | 44 days | 1,774 sqft |
| 2021-12-01 | 57 days | 1,779 sqft |
| 2022-01-01 | 64 days | 1,788 sqft |
| 2022-02-01 | 48 days | 1,764 sqft |
| 2022-03-01 | 37 days | 1,766 sqft |
| 2022-04-01 | 29 days | 1,705 sqft |
| 2022-05-01 | 26 days | 1,641 sqft |
| 2022-06-01 | 32 days | 1,618 sqft |
| 2022-07-01 | 39 days | 1,600 sqft |
| 2022-08-01 | 45 days | 1,609 sqft |
| 2022-09-01 | 52 days | 1,618 sqft |
| 2022-10-01 | 58 days | 1,639 sqft |
| 2022-11-01 | 65 days | 1,639 sqft |
| 2022-12-01 | 67 days | 1,653 sqft |
| 2023-01-01 | 77 days | 1,645 sqft |
| 2023-02-01 | 79 days | 1,656 sqft |
| 2023-03-01 | 62 days | 1,677 sqft |
| 2023-04-01 | 53 days | 1,665 sqft |
| 2023-05-01 | 51 days | 1,634 sqft |
| 2023-06-01 | 51 days | 1,618 sqft |
| 2023-07-01 | 55 days | 1,554 sqft |
| 2023-08-01 | 55 days | 1,524 sqft |
| 2023-09-01 | 55 days | 1,500 sqft |
| 2023-10-01 | 57 days | 1,477 sqft |
| 2023-11-01 | 59 days | 1,477 sqft |
| 2023-12-01 | 66 days | 1,468 sqft |
| 2024-01-01 | 72 days | 1,455 sqft |
| 2024-02-01 | 62 days | 1,441 sqft |
| 2024-03-01 | 57 days | 1,437 sqft |
| 2024-04-01 | 59 days | 1,438 sqft |
| 2024-05-01 | 59 days | 1,439 sqft |
| 2024-06-01 | 65 days | 1,450 sqft |
| 2024-07-01 | 71 days | 1,462 sqft |
| 2024-08-01 | 74 days | 1,456 sqft |
| 2024-09-01 | 74 days | 1,452 sqft |
| 2024-10-01 | 74 days | 1,448 sqft |
| 2024-11-01 | 78 days | 1,442 sqft |
| 2024-12-01 | 82 days | 1,439 sqft |
| 2025-01-01 | 0 days | 1,437 sqft |
Myrtle Beach's median square footage for active listings during the 2025-01-01 period was 1,437 sqft. One year prior, the average listing was 1,455 sqft.