Sumter VA Loan Rates, Closing Costs & Stats

SUMTER, 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.

Sumter's 94 lenders originated 839 VA loans during 2024. The total origination value was $227,215,000, with an average VA loan value of $270,816.

Sumter VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sumter averaged 0% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

Sumter's average VA mortgage closing costs are $5,725.

The average rate for the prior week (2025-06-27) was 6.33% and one month ago for the week of 2025-05-30, the average rate was 6.76%.

The average rate one year ago was 6.77%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.12%.

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

Sumter 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 Sumter level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 128 6.48% $4,951
FBC MORTGAGE, LLC 78 5.40% $6,206
UNITED WHOLESALE MORTGAGE, LLC 52 5.96% $8,260
MOVEMENT MORTGAGE, LLC 42 6.41% $9,148
Trustmark National Bank 40 6.39% $7,108
RESOURCE FINANCIAL SERVICES, INC. 34 6.30% $8,625
NAVY FEDERAL CREDIT UNION 28 5.97% $5,040
FREEDOM MORTGAGE CORPORATION 28 6.32% $4,959
QUICKEN LOANS, LLC 27 6.00% $8,987
Gateway First Bank 25 6.34% $8,661
USAA Federal Savings Bank 25 6.18% $8,055
GUARANTEED RATE AFFINITY, LLC 25 6.36% $8,242
DHI MORTGAGE COMPANY, LTD. 21 5.02% $7,277
GUARANTEED RATE, INC. 18 6.02% $6,224
First Heritage Mortgage, LLC 17 6.25% $12,391
NEW DAY FINANCIAL, LLC 14 7.30% $10,134
GUILD MORTGAGE COMPANY 14 6.38% $8,313
PENNYMAC LOAN SERVICES, LLC 13 5.39% $6,590
VILLAGE CAPITAL MORTGAGE 8 5.83% $5,734
CROSSCOUNTRY MORTGAGE, LLC 6 6.06% $5,314
LOANDEPOT.COM, LLC 6 5.97% $7,725
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.77% $9,816
PLANET HOME LENDING, LLC 6 6.02% $2,706
Mr. Cooper ( Nationstar Mortgage ) 6 6.44% $9,272
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.29% $2,429
NEWREZ LLC 6 6.19% $7,332
CLEARPATH LENDING 6 5.75% $6,463
Assurance Financial Group, L.L.C. 6 6.73% $7,443
Carrington Mortgage Services, LLC 5 5.63% $8,859
Flagstar Bank, FSB 4 6.16% $4,988
Ameris Bank 4 6.53% $5,697
LOANPAL, LLC 4 5.62% $10,981
PENTAGON FEDERAL CREDIT UNION 3 6.46% $9,323
AMERISAVE MORTGAGE CORPORATION 3 6.25% $11,800
BROKER SOLUTIONS, INC. 3 6.17% $9,428
CMG MORTGAGE, INC. 3 6.67% $9,549
HOMESIDE FINANCIAL, LLC 3 6.50% $5,931
LAKEVIEW LOAN SERVICING, LLC 3 5.42% $5,617
NBKC BANK 3 5.96% $8,474
PHH Mortgage Corporation 3 5.38% $6,391
Century Mortgage Company DBA Century Lending Company 2 6.44% $7,681
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.50% $2,688
NATION ONE MORTGAGE CORPORATION 2 7.25% $2,720
Nations Lending Corporation 2 6.19% $12,225
SOUTHWEST STAGE FUNDING, LLC 2 6.63% $25
SUN WEST MORTGAGE COMPANY, INC. 2 5.93% $5,607
Synovus Bank 2 6.44% $4,154
The Loan Store, Inc. 2 5.74% $3,763
CALCON MUTUAL MORTGAGE LLC 2 6.50% $8,526
AMERICAN FINANCIAL NETWORK, INC. 2 5.75% $6,334
Truist 2 6.41% $5,227
Mid-Continent Funding, Inc. 2 6.06% $10,308
Magnolia Bank 2 6.13% $20,396
AMERICAN FINANCIAL RESOURCES, INC. 2 6.00% $7,765
RELIANCE FIRST CAPITAL, LLC 2 6.56% $7,660
CARDINAL FINANCIAL 1 6.25% $9,572
CANOPY MORTGAGE, LLC 1 6.75% $4,189
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $11,666
Bell Bank 1 6.38% $7,580
Barrington Bank & Trust Company, N.A. 1 7.25% $8,833
North American Savings Bank, F.S.B. 1 6.75% $10,153
Paramount Bank 1 7.13% $2,666
Alcova Mortgage LLC 1 6.75% $8,002
ALLIED MORTGAGE GROUP, INC. 1 6.25% $3,809
Armed Forces Bank 1 5.25% $5,591
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $0
Prosperity Home Mortgage, LLC 1 6.75% $15,602
AmeriHome Mortgage Company, LLC 1 5.99% $4,470
Regions Bank 1 6.63% $5,944
Renasant Bank 1 5.75% $3,371
Republic Bank & Trust Company 1 6.00% $11,107
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $17,616
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.50% $3,638
TIDEWATER MORTGAGE SERVICES, INC. 1 7.25% $8,788
TOWNE MORTGAGE COMPANY 1 7.25% $7,669
First Federal Bank 1 5.25% $8,732
First-Citizens Bank & Trust Company 1 5.25% $5,073
Fifth Third Bank 1 6.13% $3,074
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.50% $13,835
GERSHMAN INVESTMENT CORP. 1 5.50% $7,482
Equity Prime Mortgage LLC 1 5.88% $3,651
Encompass Lending Group, LP 1 6.25% $11,278
DELMAR FINANCIAL COMPANY 1 6.25% $3,046
AMERICAN FINANCING CORPORATION 1 5.99% $13,180
INFINITY EQUITY GROUP, INC. 1 5.75% $6,787
INTERCOASTAL MORTGAGE COMPANY 1 5.75% $10,165
Ixonia Bank 1 6.75% $14,913
JMAC LENDING, INC. 1 5.75% $16,151
CityWorth Mortgage LLC 1 5.63% $18,060
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.38% $27,067
MID AMERICA MORTGAGE, INC. 1 7.25% $2,536
MILEND, INC. 1 7.00% $7,009
MORTGAGE INVESTORS GROUP, INC. 1 5.63% $11,705
CAROLINA ONE MORTGAGE, LLC 1 5.75% $4,397

The top Sumter VA lender as defined by loan originations is Mortgage Research Center, LLC, with 128 VA loans originated. Their average total fees are $4,951, which is $1,255 lower than the next largest lender, FBC MORTGAGE, LLC.

The lowest fee Sumter VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,951), FREEDOM MORTGAGE CORPORATION ($4,959), NAVY FEDERAL CREDIT UNION ($5,040), FBC MORTGAGE, LLC ($6,206) and GUARANTEED RATE, INC. ($6,224).

The lowest rate Sumter VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.02%), PENNYMAC LOAN SERVICES, LLC (5.39%), FBC MORTGAGE, LLC (5.40%), UNITED WHOLESALE MORTGAGE, LLC (5.96%) and NAVY FEDERAL CREDIT UNION (5.97%).

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.