Orangeburg VA Loan Rates, Closing Costs & Stats

Orangeburg, SC

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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.

    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 6.87% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.6% and one month ago for the week of 2024-03-15, the average rate was 6.86%.

    The average rate one year ago was 6.15%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    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.