Spartanburg VA Loan Rates, Closing Costs & Stats
SPARTANBURG, 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.
Spartanburg's 87 lenders originated 646 VA loans during 2023. The total origination value was $190,510,000, with an average VA loan value of $294,907.
Spartanburg VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Spartanburg
averaged
-0.03%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Spartanburg's average VA mortgage closing costs are $5,752.
The average rate for the prior week (2024-11-22) was
6.54% and
one month ago for the week of 2024-10-25, the
average rate was 6.33%.
The average rate one year ago was 6.68%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.17%.
Spartanburg 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 Spartanburg level.
The top Spartanburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with
107 VA loans originated. Their average total fees are
$6,512, which is $3,072
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Spartanburg VA lenders (with over 10 loans originated) are
MORTGAGE SOLUTIONS OF COLORADO, LLC ($713), NAVY FEDERAL CREDIT UNION ($5,518), Mortgage Research Center, LLC ($6,512), NVR Mortgage Finance, Inc. ($6,852) and MOVEMENT MORTGAGE, LLC ($6,993).
The lowest rate Spartanburg VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.28%), PENNYMAC LOAN SERVICES, LLC (5.34%), LOANDEPOT.COM, LLC (5.53%), NAVY FEDERAL CREDIT UNION (5.70%) and NVR Mortgage Finance, Inc. (5.72%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Spartanburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $209,950 (10.6%) | $249,840 (6.2%) | 0.78 | 1,173 |
2018-02-01 | $212,620 (9.8%) | $251,406 (4.8%) | 0.77 | 1,137 |
2018-03-01 | $218,214 (13.1%) | $262,004 (9.5%) | 0.77 | 1,107 |
2018-04-01 | $224,139 (15.0%) | $271,804 (13.8%) | 0.76 | 1,087 |
2018-05-01 | $224,306 (13.5%) | $272,434 (13.7%) | 0.75 | 1,171 |
2018-06-01 | $222,500 (9.9%) | $271,200 (10.7%) | 0.74 | 1,260 |
2018-07-01 | $219,900 (7.7%) | $270,074 (8.5%) | 0.73 | 1,294 |
2018-08-01 | $219,054 (7.2%) | $268,476 (8.8%) | 0.73 | 1,340 |
2018-09-01 | $215,082 (4.0%) | $265,607 (5.9%) | 0.72 | 1,335 |
2018-10-01 | $211,700 (0.9%) | $261,499 (2.0%) | 0.72 | 1,376 |
2018-11-01 | $213,708 (2.5%) | $260,643 (3.3%) | 0.72 | 1,312 |
2018-12-01 | $214,900 (2.7%) | $256,172 (2.3%) | 0.74 | 1,261 |
2019-01-01 | $216,285 (3.0%) | $261,900 (4.8%) | 0.75 | 1,243 |
2019-02-01 | $215,082 (1.2%) | $261,283 (3.9%) | 0.73 | 1,298 |
2019-03-01 | $219,372 (0.5%) | $306,821 (17.1%) | 0.72 | 1,283 |
2019-04-01 | $221,482 (-1.2%) | $316,317 (16.4%) | 0.70 | 1,244 |
2019-05-01 | $224,280 (0.0%) | $288,400 (5.9%) | 0.70 | 1,239 |
2019-06-01 | $226,000 (1.6%) | $294,304 (8.5%) | 0.71 | 1,245 |
2019-07-01 | $228,950 (4.1%) | $294,417 (9.0%) | 0.72 | 1,236 |
2019-08-01 | $227,936 (4.1%) | $291,558 (8.6%) | 0.72 | 1,293 |
2019-09-01 | $227,164 (5.6%) | $288,378 (8.6%) | 0.73 | 1,338 |
2019-10-01 | $225,782 (6.7%) | $285,549 (9.2%) | 0.73 | 1,368 |
2019-11-01 | $225,000 (5.3%) | $283,922 (8.9%) | 0.74 | 1,339 |
2019-12-01 | $224,900 (4.7%) | $278,424 (8.7%) | 0.75 | 1,348 |
2020-01-01 | $221,229 (2.3%) | $265,310 (1.3%) | 0.74 | 1,267 |
2020-02-01 | $225,000 (4.6%) | $273,025 (4.5%) | 0.74 | 1,204 |
2020-03-01 | $232,980 (6.2%) | $281,823 (-8.2%) | 0.73 | 1,101 |
2020-04-01 | $229,350 (3.6%) | $282,574 (-10.7%) | 0.72 | 1,137 |
2020-05-01 | $235,000 (4.8%) | $287,314 (-0.4%) | 0.71 | 1,019 |
2020-06-01 | $240,995 (6.6%) | $301,893 (2.6%) | 0.71 | 902 |
2020-07-01 | $237,250 (3.6%) | $298,763 (1.5%) | 0.69 | 816 |
2020-08-01 | $239,000 (4.9%) | $306,750 (5.2%) | 0.68 | 765 |
2020-09-01 | $237,250 (4.4%) | $317,922 (10.3%) | 0.68 | 736 |
2020-10-01 | $240,245 (6.4%) | $318,982 (11.7%) | 0.69 | 734 |
2020-11-01 | $239,925 (6.6%) | $320,436 (12.9%) | 0.70 | 754 |
2020-12-01 | $234,472 (4.3%) | $308,594 (10.8%) | 0.70 | 713 |
2021-01-01 | $234,900 (6.2%) | $306,356 (15.5%) | 0.70 | 692 |
2021-02-01 | $233,985 (4.0%) | $309,473 (13.4%) | 0.68 | 661 |
2021-03-01 | $240,988 (3.4%) | $318,592 (13.1%) | 0.68 | 515 |
2021-04-01 | $240,396 (4.8%) | $310,795 (10.0%) | 0.65 | 468 |
2021-05-01 | $251,376 (7.0%) | $317,293 (10.4%) | 0.67 | 392 |
2021-06-01 | $255,120 (5.9%) | $316,406 (4.8%) | 0.67 | 401 |
2021-07-01 | $271,275 (14.3%) | $343,297 (14.9%) | 0.72 | 492 |
2021-08-01 | $265,880 (11.3%) | $336,420 (9.7%) | 0.71 | 587 |
2021-09-01 | $273,370 (15.2%) | $352,504 (10.9%) | 0.73 | 597 |
2021-10-01 | $276,990 (15.3%) | $355,811 (11.6%) | 0.74 | 582 |
2021-11-01 | $278,033 (15.9%) | $362,576 (13.2%) | 0.74 | 515 |
2021-12-01 | $272,610 (16.3%) | $345,315 (11.9%) | 0.74 | 463 |
2022-01-01 | $279,110 (18.8%) | $341,448 (11.5%) | 0.75 | 381 |
2022-02-01 | $282,643 (20.8%) | $344,098 (11.2%) | 0.74 | 339 |
2022-03-01 | $286,245 (18.8%) | $341,622 (7.2%) | 0.72 | 295 |
2022-04-01 | $291,855 (21.4%) | $355,339 (14.3%) | 0.70 | 336 |
2022-05-01 | $299,940 (19.3%) | $348,207 (9.7%) | 0.69 | 495 |
2022-06-01 | $304,003 (19.2%) | $346,391 (9.5%) | 0.68 | 613 |
2022-07-01 | $305,000 (12.4%) | $346,112 (0.8%) | 0.69 | 855 |
2022-08-01 | $304,825 (14.7%) | $350,342 (4.1%) | 0.70 | 1,006 |
2022-09-01 | $307,150 (12.4%) | $351,899 (-0.2%) | 0.72 | 1,087 |
2022-10-01 | $304,950 (10.1%) | $355,091 (-0.2%) | 0.72 | 1,105 |
2022-11-01 | $303,973 (9.3%) | $351,952 (-2.9%) | 0.73 | 1,122 |
2022-12-01 | $300,000 (10.1%) | $353,885 (2.5%) | 0.74 | 1,009 |
2023-01-01 | $302,447 (8.4%) | $358,841 (5.1%) | 0.75 | 943 |
2023-02-01 | $301,244 (6.6%) | $356,538 (3.6%) | 0.73 | 912 |
2023-03-01 | $305,475 (6.7%) | $361,160 (5.7%) | 0.72 | 902 |
2023-04-01 | $314,900 (7.9%) | $375,920 (5.8%) | 0.73 | 939 |
2023-05-01 | $319,450 (6.5%) | $380,741 (9.3%) | 0.72 | 907 |
2023-06-01 | $312,896 (2.9%) | $371,341 (7.2%) | 0.70 | 945 |
2023-07-01 | $314,900 (3.3%) | $375,871 (8.6%) | 0.72 | 981 |
2023-08-01 | $311,686 (2.3%) | $373,965 (6.7%) | 0.72 | 1,016 |
2023-09-01 | $310,000 (0.9%) | $376,634 (7.0%) | 0.72 | 977 |
2023-10-01 | $309,950 (1.6%) | $374,063 (5.3%) | 0.73 | 1,034 |
2023-11-01 | $306,700 (0.9%) | $369,600 (5.0%) | 0.73 | 1,079 |
2023-12-01 | $309,994 (3.3%) | $368,987 (4.3%) | 0.76 | 1,111 |
2024-01-01 | $313,269 (3.6%) | $366,242 (2.1%) | 0.77 | 1,087 |
2024-02-01 | $311,760 (3.5%) | $370,971 (4.1%) | 0.75 | 1,102 |
2024-03-01 | $310,000 (1.5%) | $366,313 (1.4%) | 0.73 | 1,200 |
2024-04-01 | $309,141 (-1.8%) | $371,451 (-1.2%) | 0.72 | 1,277 |
2024-05-01 | $307,950 (-3.6%) | $369,713 (-2.9%) | 0.70 | 1,390 |
2024-06-01 | $309,000 (-1.3%) | $384,965 (3.7%) | 0.69 | 1,421 |
2024-07-01 | $305,951 (-2.8%) | $377,034 (0.3%) | 0.70 | 1,492 |
2024-08-01 | $307,000 (-1.5%) | $375,144 (0.3%) | 0.71 | 1,513 |
2024-09-01 | $308,162 (-0.6%) | $376,668 (0.0%) | 0.73 | 1,483 |
2024-10-01 | $306,873 (-1.0%) | $375,569 (0.4%) | 0.72 | 1,448 |
Spartanburg's median listing price comes in at 72% of the national average.
Spartanburg's average listing price for 2024-10-01 was $375,569, a difference of $1,506 (0.4%) versus the prior year and $-1,099 versus the prior month.
For the 2024-10-01 period, Spartanburg had 1,448 MLS listings, a difference of -35 listings (-2%) versus the prior month and 414 listings (40%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Spartanburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 88 days | 2,045 sqft |
2018-02-01 | 83 days | 2,042 sqft |
2018-03-01 | 50 days | 2,122 sqft |
2018-04-01 | 50 days | 2,152 sqft |
2018-05-01 | 52 days | 2,149 sqft |
2018-06-01 | 52 days | 2,150 sqft |
2018-07-01 | 57 days | 2,128 sqft |
2018-08-01 | 56 days | 2,106 sqft |
2018-09-01 | 64 days | 2,073 sqft |
2018-10-01 | 66 days | 2,020 sqft |
2018-11-01 | 66 days | 2,026 sqft |
2018-12-01 | 71 days | 2,000 sqft |
2019-01-01 | 80 days | 2,000 sqft |
2019-02-01 | 71 days | 2,017 sqft |
2019-03-01 | 64 days | 2,032 sqft |
2019-04-01 | 61 days | 2,048 sqft |
2019-05-01 | 61 days | 2,082 sqft |
2019-06-01 | 58 days | 2,103 sqft |
2019-07-01 | 58 days | 2,087 sqft |
2019-08-01 | 57 days | 2,096 sqft |
2019-09-01 | 58 days | 2,089 sqft |
2019-10-01 | 58 days | 2,080 sqft |
2019-11-01 | 59 days | 2,055 sqft |
2019-12-01 | 66 days | 2,019 sqft |
2020-01-01 | 72 days | 2,003 sqft |
2020-02-01 | 73 days | 2,006 sqft |
2020-03-01 | 58 days | 2,082 sqft |
2020-04-01 | 61 days | 2,014 sqft |
2020-05-01 | 69 days | 2,026 sqft |
2020-06-01 | 66 days | 2,072 sqft |
2020-07-01 | 54 days | 2,074 sqft |
2020-08-01 | 46 days | 2,100 sqft |
2020-09-01 | 46 days | 2,071 sqft |
2020-10-01 | 49 days | 2,030 sqft |
2020-11-01 | 46 days | 1,968 sqft |
2020-12-01 | 48 days | 1,896 sqft |
2021-01-01 | 51 days | 1,870 sqft |
2021-02-01 | 49 days | 1,808 sqft |
2021-03-01 | 41 days | 1,797 sqft |
2021-04-01 | 44 days | 1,797 sqft |
2021-05-01 | 43 days | 1,800 sqft |
2021-06-01 | 38 days | 1,882 sqft |
2021-07-01 | 34 days | 1,927 sqft |
2021-08-01 | 38 days | 1,844 sqft |
2021-09-01 | 42 days | 1,831 sqft |
2021-10-01 | 46 days | 1,856 sqft |
2021-11-01 | 39 days | 1,839 sqft |
2021-12-01 | 44 days | 1,779 sqft |
2022-01-01 | 53 days | 1,826 sqft |
2022-02-01 | 34 days | 1,828 sqft |
2022-03-01 | 33 days | 1,795 sqft |
2022-04-01 | 32 days | 1,820 sqft |
2022-05-01 | 25 days | 1,858 sqft |
2022-06-01 | 30 days | 1,879 sqft |
2022-07-01 | 31 days | 1,884 sqft |
2022-08-01 | 39 days | 1,900 sqft |
2022-09-01 | 43 days | 1,962 sqft |
2022-10-01 | 51 days | 1,931 sqft |
2022-11-01 | 59 days | 1,925 sqft |
2022-12-01 | 67 days | 1,922 sqft |
2023-01-01 | 71 days | 1,945 sqft |
2023-02-01 | 63 days | 1,942 sqft |
2023-03-01 | 44 days | 1,958 sqft |
2023-04-01 | 41 days | 1,990 sqft |
2023-05-01 | 48 days | 2,025 sqft |
2023-06-01 | 51 days | 2,002 sqft |
2023-07-01 | 49 days | 2,000 sqft |
2023-08-01 | 47 days | 1,955 sqft |
2023-09-01 | 47 days | 1,965 sqft |
2023-10-01 | 51 days | 1,996 sqft |
2023-11-01 | 50 days | 1,965 sqft |
2023-12-01 | 55 days | 1,969 sqft |
2024-01-01 | 64 days | 1,938 sqft |
2024-02-01 | 49 days | 1,925 sqft |
2024-03-01 | 47 days | 1,991 sqft |
2024-04-01 | 44 days | 1,968 sqft |
2024-05-01 | 39 days | 1,996 sqft |
2024-06-01 | 45 days | 1,988 sqft |
2024-07-01 | 51 days | 1,964 sqft |
2024-08-01 | 53 days | 1,927 sqft |
2024-09-01 | 55 days | 1,932 sqft |
2024-10-01 | 60 days | 1,925 sqft |
Spartanburg's median square footage for active listings during the 2024-10-01 period was 1,925 sqft. One year prior, the average listing was 1,996 sqft.