Orangeburg VA Loan Rates, Closing Costs & Stats

Orangeburg, 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.

Orangeburg's 47 lenders originated 110 VA loans during 2023. The total origination value was $28,100,000, with an average VA loan value of $255,455.

Orangeburg VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Orangeburg averaged 6.89% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Orangeburg's average VA mortgage closing costs are $5,104.

The average rate for the prior week (2024-04-05) was 6.43% and one month ago for the week of 2024-03-08, the average rate was 6.77%.

The average rate one year ago was 5.86%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.57%.

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

Orangeburg 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 Orangeburg level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 22 6.98% $6,978
DHI MORTGAGE COMPANY, LTD. 7 5.17% $4,702
QUICKEN LOANS, LLC 6 5.99% $8,650
AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.63% $8,757
NAVY FEDERAL CREDIT UNION 5 5.50% $2,782
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.62% $33
UNITED WHOLESALE MORTGAGE, LLC 4 7.32% $2,084
NEW DAY FINANCIAL, LLC 2 6.68% $10,218
VILLAGE CAPITAL MORTGAGE 2 6.00% $6,535
PENNYMAC LOAN SERVICES, LLC 2 5.44% $7,097
NEWREZ LLC 2 6.75% $8,266
CROSSCOUNTRY MORTGAGE, LLC 2 7.41% $12,873
GUILD MORTGAGE COMPANY 2 6.38% $7,566
SOUTHPOINT FINANCIAL SERVICES, INC. 2 7.50% $7,211
MOVEMENT MORTGAGE, LLC 2 7.19% $3,573
USAA Federal Savings Bank 2 7.00% $2,513
CMG MORTGAGE, INC. 2 6.19% $7,582
AMERICAN FINANCIAL RESOURCES, INC. 1 7.38% $3,325
Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $9,363
NATION ONE MORTGAGE CORPORATION 1 6.50% $9,336
PLAZA HOME MORTGAGE, INC. 1 6.25% $8,823
Prosperity Home Mortgage, LLC 1 5.25% $7,067
Renasant Bank 1 5.63% $6,497
South State Bank 1 5.75% $6,485
The Federal Savings Bank 1 6.75% $5,202
THRIVE MORTGAGE, LLC 1 6.50% $9,260
US MORTGAGE CORPORATION 1 5.63% $6,424
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.75% $3,469
VERITAS FUNDING, LLC 1 6.50% $17,067
Wells Fargo Bank 1 5.63% $7,562
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $4,109
AMERITRUST MORTGAGE CORPORATION 1 7.50% $10,347
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.00% $6,321
Atlantic Coast Mortgage, LLC 1 5.25% $9,317
BROKER SOLUTIONS, INC. 1 5.63% $7,967
Capital Bank 1 5.50% $5,252
CARDINAL FINANCIAL 1 5.75% $9,584
CAROLINA ONE MORTGAGE, LLC 1 6.75% $6,179
CHURCHILL MORTGAGE CORPORATION 1 6.13% $6,805
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $5,155
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $8,594
Goldwater Bank, N.A. 1 6.25% $14,248
INTERLINC MORTGAGE SERVICES, LLC 1 5.75% $530
Lakeview Community Capital, LLC 1 7.25% $4,838
LAKEVIEW LOAN SERVICING, LLC 1 6.75% $6,705
MIDLAND MORTGAGE CORPORATION 1 6.75% $0
MORTGAGEONE, INC. 1 7.00% $6,879

The top Orangeburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 22 VA loans originated. Their average total fees are $6,978, which is $2,277 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Orangeburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,978), .

The lowest rate Orangeburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.98%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Orangeburg (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 $131,900 (-5.7%) $174,128 (1.5%) 0.00 341
2018-02-01 $135,575 (-0.5%) $181,484 (6.6%) 0.00 345
2018-03-01 $139,250 (4.1%) $184,764 (8.8%) 0.00 349
2018-04-01 $138,625 (2.8%) $186,375 (8.4%) 0.00 366
2018-05-01 $139,575 (0.8%) $189,532 (6.7%) 0.00 360
2018-06-01 $139,900 (1.6%) $190,540 (6.4%) 0.00 362
2018-07-01 $139,900 (0.0%) $188,679 (6.2%) 0.00 379
2018-08-01 $147,718 (10.5%) $192,120 (14.2%) 0.00 387
2018-09-01 $148,995 (11.2%) $192,559 (13.2%) 0.00 393
2018-10-01 $146,450 (12.4%) $189,314 (13.9%) 0.00 389
2018-11-01 $145,225 (11.3%) $194,601 (15.4%) 0.00 387
2018-12-01 $142,500 (8.8%) $190,409 (13.3%) 0.00 374
2019-01-01 $146,173 (10.8%) $194,834 (11.9%) 0.00 346
2019-02-01 $149,700 (10.4%) $198,464 (9.4%) 0.00 344
2019-03-01 $157,000 (12.8%) $204,329 (10.6%) 0.00 358
2019-04-01 $163,750 (18.1%) $209,543 (12.4%) 0.00 370
2019-05-01 $159,800 (14.5%) $207,088 (9.3%) 0.00 375
2019-06-01 $159,900 (14.3%) $203,806 (7.0%) 0.00 365
2019-07-01 $160,950 (15.1%) $206,626 (9.5%) 0.00 358
2019-08-01 $167,632 (13.5%) $211,162 (9.9%) 0.00 339
2019-09-01 $168,655 (13.2%) $212,727 (10.5%) 0.00 319
2019-10-01 $169,675 (15.9%) $215,061 (13.6%) 0.00 303
2019-11-01 $196,500 (35.3%) $235,877 (21.2%) 0.00 228
2019-12-01 $177,475 (24.5%) $233,145 (22.4%) 0.00 230
2020-01-01 $169,800 (16.2%) $228,470 (17.3%) 0.00 213
2020-02-01 $159,900 (6.8%) $217,760 (9.7%) 0.00 205
2020-03-01 $152,000 (-3.2%) $208,753 (2.2%) 0.00 202
2020-04-01 $152,000 (-7.2%) $212,067 (1.2%) 0.00 193
2020-05-01 $177,000 (10.8%) $237,178 (14.5%) 0.00 177
2020-06-01 $167,125 (4.5%) $252,478 (23.9%) 0.00 159
2020-07-01 $199,000 (23.6%) $273,742 (32.5%) 0.00 151
2020-08-01 $199,900 (19.3%) $274,751 (30.1%) 0.00 144
2020-09-01 $199,900 (18.5%) $259,905 (22.2%) 0.00 139
2020-10-01 $194,500 (14.6%) $264,317 (22.9%) 0.00 129
2020-11-01 $161,725 (-17.7%) $232,768 (-1.3%) 0.00 154
2020-12-01 $170,425 (-4.0%) $240,201 (3.0%) 0.00 129
2021-01-01 $175,000 (3.1%) $228,913 (0.2%) 0.00 112
2021-02-01 $159,900 (0.0%) $226,961 (4.2%) 0.00 114
2021-03-01 $161,125 (6.0%) $235,545 (12.8%) 0.00 99
2021-04-01 $180,000 (18.4%) $271,915 (28.2%) 0.00 96
2021-05-01 $175,000 (-1.1%) $317,748 (34.0%) 0.00 80
2021-06-01 $175,850 (5.2%) $295,290 (17.0%) 0.00 84
2021-07-01 $222,000 (11.6%) $308,977 (12.9%) 0.00 89
2021-08-01 $172,450 (-13.7%) $299,165 (8.9%) 0.00 91
2021-09-01 $176,225 (-11.8%) $295,410 (13.7%) 0.00 100
2021-10-01 $225,000 (15.7%) $309,220 (17.0%) 0.00 112
2021-11-01 $239,900 (48.3%) $311,951 (34.0%) 0.00 107
2021-12-01 $238,825 (40.1%) $301,358 (25.5%) 0.00 108
2022-01-01 $231,250 (32.1%) $279,745 (22.2%) 0.00 102
2022-02-01 $236,798 (48.1%) $272,562 (20.1%) 0.00 93
2022-03-01 $237,125 (47.2%) $271,778 (15.4%) 0.00 77
2022-04-01 $238,500 (32.5%) $259,933 (-4.4%) 0.00 81
2022-05-01 $273,100 (56.1%) $279,842 (-11.9%) 0.00 89
2022-06-01 $310,000 (76.3%) $306,578 (3.8%) 0.00 99
2022-07-01 $326,900 (47.3%) $308,209 (-0.3%) 0.00 130
2022-08-01 $318,473 (84.7%) $308,917 (3.3%) 0.00 122
2022-09-01 $326,650 (85.4%) $325,277 (10.1%) 0.00 124
2022-10-01 $314,900 (40.0%) $330,064 (6.7%) 0.00 134
2022-11-01 $304,950 (27.1%) $337,875 (8.3%) 0.00 120
2022-12-01 $296,450 (24.1%) $321,936 (6.8%) 0.00 130
2023-01-01 $304,175 (31.5%) $324,258 (15.9%) 0.00 130
2023-02-01 $269,750 (13.9%) $297,968 (9.3%) 0.00 133
2023-03-01 $272,475 (14.9%) $290,854 (7.0%) 0.00 145
2023-04-01 $275,000 (15.3%) $271,316 (4.4%) 0.00 147
2023-05-01 $249,000 (-8.8%) $256,734 (-8.3%) 0.00 168
2023-06-01 $254,450 (-17.9%) $266,414 (-13.1%) 0.00 146
2023-07-01 $274,900 (-15.9%) $283,509 (-8.0%) 0.00 139
2023-08-01 $267,198 (-16.1%) $288,989 (-6.5%) 0.00 145
2023-09-01 $250,000 (-23.5%) $271,642 (-16.5%) 0.00 145
2023-10-01 $259,925 (-17.5%) $293,088 (-11.2%) 0.00 140
2023-11-01 $263,450 (-13.6%) $289,401 (-14.4%) 0.00 158
2023-12-01 $279,900 (-5.6%) $300,727 (-6.6%) 0.00 177
2024-01-01 $269,525 (-11.4%) $299,950 (-7.5%) 0.00 172
2024-02-01 $265,949 (-1.4%) $303,963 (2.0%) 0.00 186
2024-03-01 $275,000 (0.9%) $325,597 (12.0%) 0.00 201
Orangeburg's median listing price for 2024-03-01 was $275,000, a difference of $2,525 (0.9%) versus the prior year and $9,051 versus the prior month.

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

Orangeburg's average listing price for 2024-03-01 was $325,597, a difference of $34,743 (12.0%) versus the prior year and $21,634 versus the prior month.

For the 2024-03-01 period, Orangeburg had 201 MLS listings, a difference of 15 listings (8%) versus the prior month and 56 listings (39%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Orangeburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,805 sqft
2018-02-01 0 days 1,839 sqft
2018-03-01 0 days 1,830 sqft
2018-04-01 0 days 1,852 sqft
2018-05-01 0 days 1,865 sqft
2018-06-01 0 days 1,920 sqft
2018-07-01 0 days 1,814 sqft
2018-08-01 0 days 1,808 sqft
2018-09-01 0 days 1,800 sqft
2018-10-01 0 days 1,783 sqft
2018-11-01 0 days 1,769 sqft
2018-12-01 0 days 1,740 sqft
2019-01-01 0 days 1,732 sqft
2019-02-01 0 days 1,805 sqft
2019-03-01 0 days 1,812 sqft
2019-04-01 0 days 1,808 sqft
2019-05-01 0 days 1,793 sqft
2019-06-01 0 days 1,781 sqft
2019-07-01 0 days 1,824 sqft
2019-08-01 0 days 1,825 sqft
2019-09-01 0 days 1,835 sqft
2019-10-01 0 days 1,847 sqft
2019-11-01 0 days 1,960 sqft
2019-12-01 0 days 1,955 sqft
2020-01-01 0 days 1,860 sqft
2020-02-01 0 days 1,853 sqft
2020-03-01 0 days 1,853 sqft
2020-04-01 0 days 1,868 sqft
2020-05-01 0 days 1,900 sqft
2020-06-01 0 days 1,912 sqft
2020-07-01 0 days 2,012 sqft
2020-08-01 0 days 2,150 sqft
2020-09-01 0 days 2,098 sqft
2020-10-01 0 days 2,095 sqft
2020-11-01 0 days 1,994 sqft
2020-12-01 0 days 1,901 sqft
2021-01-01 0 days 1,850 sqft
2021-02-01 0 days 1,810 sqft
2021-03-01 0 days 1,807 sqft
2021-04-01 0 days 1,862 sqft
2021-05-01 0 days 2,002 sqft
2021-06-01 0 days 1,941 sqft
2021-07-01 0 days 1,905 sqft
2021-08-01 0 days 1,748 sqft
2021-09-01 0 days 1,779 sqft
2021-10-01 0 days 1,905 sqft
2021-11-01 0 days 1,959 sqft
2021-12-01 0 days 1,920 sqft
2022-01-01 0 days 2,000 sqft
2022-02-01 0 days 2,005 sqft
2022-03-01 0 days 1,952 sqft
2022-04-01 0 days 1,919 sqft
2022-05-01 0 days 2,073 sqft
2022-06-01 0 days 2,179 sqft
2022-07-01 0 days 2,150 sqft
2022-08-01 0 days 2,149 sqft
2022-09-01 0 days 2,121 sqft
2022-10-01 0 days 2,109 sqft
2022-11-01 0 days 2,141 sqft
2022-12-01 0 days 2,095 sqft
2023-01-01 0 days 2,010 sqft
2023-02-01 0 days 1,934 sqft
2023-03-01 0 days 1,952 sqft
2023-04-01 0 days 1,932 sqft
2023-05-01 0 days 1,906 sqft
2023-06-01 0 days 1,929 sqft
2023-07-01 0 days 2,000 sqft
2023-08-01 0 days 1,997 sqft
2023-09-01 0 days 1,908 sqft
2023-10-01 0 days 1,924 sqft
2023-11-01 0 days 1,770 sqft
2023-12-01 0 days 1,774 sqft
2024-01-01 0 days 1,773 sqft
2024-02-01 0 days 1,773 sqft
2024-03-01 0 days 1,774 sqft
Orangeburg's median listing age (time on market) for 2024-03-01 was 0 days.

Orangeburg's median square footage for active listings during the 2024-03-01 period was 1,774 sqft. One year prior, the average listing was 1,952 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.