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.