Sumter VA Loan Rates, Closing Costs & Stats

SUMTER, 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.

    Sumter's 84 lenders originated 735 VA loans during 2023. The total origination value was $191,355,000, with an average VA loan value of $260,347.

    Sumter VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sumter averaged 6.64% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Sumter's average VA mortgage closing costs are $5,526.

    The average rate for the prior week (2025-02-07) was 6.17% and one month ago for the week of 2025-01-10, the average rate was 6.61%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.23%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 103 6.72% $7,086
    FBC MORTGAGE, LLC 88 5.42% $8,063
    MOVEMENT MORTGAGE, LLC 40 6.38% $6,844
    Trustmark National Bank 35 6.59% $8,062
    QUICKEN LOANS, LLC 34 6.30% $10,043
    RESOURCE FINANCIAL SERVICES, INC. 30 6.80% $7,909
    GUARANTEED RATE AFFINITY, LLC 29 6.79% $8,326
    UNITED WHOLESALE MORTGAGE, LLC 29 6.36% $6,623
    Gateway First Bank 22 6.20% $7,146
    NAVY FEDERAL CREDIT UNION 22 5.84% $5,979
    USAA Federal Savings Bank 20 6.24% $8,225
    GUARANTEED RATE, INC. 18 6.20% $8,073
    GUILD MORTGAGE COMPANY 15 6.28% $10,551
    Ameris Bank 13 6.22% $10,759
    FREEDOM MORTGAGE CORPORATION 12 6.46% $12,067
    DHI MORTGAGE COMPANY, LTD. 11 5.63% $7,155
    LOANDEPOT.COM, LLC 9 6.21% $12,532
    PENNYMAC LOAN SERVICES, LLC 8 5.64% $8,770
    CROSSCOUNTRY MORTGAGE, LLC 8 6.83% $9,031
    CARDINAL FINANCIAL 6 6.38% $8,816
    Equity Prime Mortgage LLC 6 6.79% $6,604
    NEW DAY FINANCIAL, LLC 6 7.14% $11,140
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.25% $2,755
    NTFN, INC. 6 6.48% $8,751
    BROKER SOLUTIONS, INC. 5 6.20% $9,614
    PENTAGON FEDERAL CREDIT UNION 5 5.33% $9,743
    NEWREZ LLC 5 6.93% $7,835
    Mr. Cooper ( Nationstar Mortgage ) 4 6.09% $9,335
    AMERISAVE MORTGAGE CORPORATION 4 5.81% $13,127
    Renasant Bank 4 5.75% $5,974
    DELMAR FINANCIAL COMPANY 3 7.00% $9,875
    Assurance Financial Group, L.L.C. 3 6.25% $6,537
    THRIVE MORTGAGE, LLC 3 6.58% $7,998
    Synovus Bank 3 6.33% $7,031
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.08% $14,907
    First Heritage Mortgage, LLC 3 7.46% $5,646
    First Palmetto Bank 3 7.12% $13,278
    Blue Ridge Bank 2 6.06% $19,257
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.69% $10,952
    CAROLINA ONE MORTGAGE, LLC 2 6.94% $5,837
    CHURCHILL MORTGAGE CORPORATION 2 6.81% $8,512
    First Federal Bank 2 6.56% $5,326
    Flagstar Bank, FSB 2 7.25% $14,669
    LAKEVIEW LOAN SERVICING, LLC 2 5.94% $17,640
    Mid-Continent Funding, Inc. 2 6.19% $12,515
    NBKC BANK 2 5.50% $11,651
    Palmetto Citizens Federal Credit Union 2 6.13% $7,843
    Paramount Residential Mortgage Group, Inc. 2 6.56% $16,171
    PHH Mortgage Corporation 2 6.00% $12,991
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $3,069
    SOVEREIGN LENDING GROUP INCORPORATED 2 6.56% $14,254
    VILLAGE CAPITAL MORTGAGE 2 6.50% $7,714
    Wells Fargo Bank 2 6.31% $3,354
    GSF Mortgage Corporation 1 6.50% $7,299
    First Western Trust Bank 1 5.63% $7,209
    North American Savings Bank, F.S.B. 1 6.13% $7,992
    FIRST COMMUNITY MORTGAGE, INC. 1 7.63% $10,650
    Truist 1 5.63% $4,278
    Aurora Financial, LLC 1 5.25% $2,375
    FIDELITY DIRECT MORTGAGE, LLC 1 7.00% $6,980
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.50% $5,672
    UNION HOME MORTGAGE CORP. 1 6.50% $6,790
    Plains Commerce Bank 1 5.25% $23,695
    Armed Forces Bank 1 6.50% $14,463
    Prosperity Home Mortgage, LLC 1 5.75% $2,596
    CMG MORTGAGE, INC. 1 5.75% $4,771
    Regions Bank 1 5.25% $3,231
    RELIANCE FIRST CAPITAL, LLC 1 7.75% $5,532
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $4,173
    1ST SIGNATURE LENDING, LLC 1 7.13% $8,693
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $13,604
    SUN WEST MORTGAGE COMPANY, INC. 1 8.00% $3,965
    BAY EQUITY LLC 1 6.75% $6,051
    T2 FINANCIAL LLC 1 6.75% $2,456
    Barrington Bank & Trust Company, N.A. 1 5.75% $4,453
    TIDEWATER MORTGAGE SERVICES, INC. 1 7.63% $10,415
    MORTGAGEONE, INC. 1 6.25% $8,613
    MIDLAND MORTGAGE CORPORATION 1 6.25% $10,700
    Magnolia Bank 1 6.13% $12,771
    LOANPAL, LLC 1 5.75% $5,794
    INTERCOASTAL MORTGAGE COMPANY 1 5.63% $4,045
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.50% $13,111
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.25% $2,347
    Towne Bank 1 6.25% $13,890

    The top Sumter VA lender as defined by loan originations is Mortgage Research Center, LLC, with 103 VA loans originated. Their average total fees are $7,086, which is $977 lower than the next largest lender, FBC MORTGAGE, LLC.

    The lowest fee Sumter VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,979), UNITED WHOLESALE MORTGAGE, LLC ($6,623), MOVEMENT MORTGAGE, LLC ($6,844), Mortgage Research Center, LLC ($7,086) and Gateway First Bank ($7,146).

    The lowest rate Sumter VA lenders (with over 10 loans originated) are FBC MORTGAGE, LLC (5.42%), DHI MORTGAGE COMPANY, LTD. (5.63%), NAVY FEDERAL CREDIT UNION (5.84%), GUARANTEED RATE, INC. (6.20%) and Gateway First Bank (6.20%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sumter (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 $149,900 (-2.5%) $165,964 (-5.5%) 0.00 454
    2018-02-01 $152,000 (-1.4%) $167,045 (-4.7%) 0.00 444
    2018-03-01 $144,950 (-9.4%) $169,613 (-3.0%) 0.00 406
    2018-04-01 $154,500 (-4.8%) $175,156 (-1.7%) 0.00 429
    2018-05-01 $154,975 (-4.8%) $176,721 (-0.2%) 0.00 430
    2018-06-01 $159,450 (-2.7%) $180,243 (1.2%) 0.00 411
    2018-07-01 $162,400 (1.5%) $186,261 (5.5%) 0.00 407
    2018-08-01 $159,900 (0.8%) $185,766 (7.1%) 0.00 396
    2018-09-01 $157,900 (0.6%) $183,310 (7.4%) 0.00 393
    2018-10-01 $149,974 (-4.4%) $182,103 (6.3%) 0.00 398
    2018-11-01 $156,575 (1.0%) $183,779 (7.9%) 0.00 388
    2018-12-01 $155,000 (1.4%) $178,428 (6.2%) 0.00 375
    2019-01-01 $155,000 (3.4%) $178,704 (7.7%) 0.00 360
    2019-02-01 $159,900 (5.2%) $179,348 (7.4%) 0.00 375
    2019-03-01 $164,186 (13.3%) $177,871 (4.9%) 0.00 403
    2019-04-01 $172,200 (11.5%) $182,323 (4.1%) 0.00 429
    2019-05-01 $181,675 (17.2%) $191,221 (8.2%) 0.00 414
    2019-06-01 $183,900 (15.3%) $194,843 (8.1%) 0.00 383
    2019-07-01 $179,900 (10.8%) $192,134 (3.2%) 0.00 360
    2019-08-01 $179,919 (12.5%) $190,365 (2.5%) 0.00 373
    2019-09-01 $179,964 (14.0%) $188,509 (2.8%) 0.00 382
    2019-10-01 $180,000 (20.0%) $187,723 (3.1%) 0.00 389
    2019-11-01 $183,900 (17.5%) $187,797 (2.2%) 0.00 372
    2019-12-01 $179,063 (15.5%) $187,439 (5.1%) 0.00 343
    2020-01-01 $185,000 (19.4%) $190,248 (6.5%) 0.00 299
    2020-02-01 $185,000 (15.7%) $190,077 (6.0%) 0.00 282
    2020-03-01 $177,000 (7.8%) $188,507 (6.0%) 0.00 278
    2020-04-01 $177,975 (3.4%) $192,368 (5.5%) 0.00 285
    2020-05-01 $175,500 (-3.4%) $191,986 (0.4%) 0.00 262
    2020-06-01 $180,400 (-1.9%) $186,466 (-4.3%) 0.00 228
    2020-07-01 $175,750 (-2.3%) $191,498 (-0.3%) 0.00 180
    2020-08-01 $180,000 (0.1%) $195,407 (2.7%) 0.00 154
    2020-09-01 $176,625 (-1.9%) $204,197 (8.3%) 0.00 143
    2020-10-01 $175,250 (-2.6%) $210,664 (12.2%) 0.00 136
    2020-11-01 $184,950 (0.6%) $216,580 (15.3%) 0.00 133
    2020-12-01 $177,725 (-0.8%) $206,140 (10.0%) 0.00 133
    2021-01-01 $172,500 (-6.8%) $192,244 (1.1%) 0.00 124
    2021-02-01 $167,750 (-9.3%) $185,331 (-2.5%) 0.00 129
    2021-03-01 $174,833 (-1.2%) $200,188 (6.2%) 0.00 118
    2021-04-01 $177,817 (-0.1%) $199,030 (3.5%) 0.00 102
    2021-05-01 $188,000 (7.1%) $213,923 (11.4%) 0.00 82
    2021-06-01 $185,000 (2.6%) $307,499 (64.9%) 0.00 89
    2021-07-01 $187,000 (6.4%) $314,239 (64.1%) 0.00 89
    2021-08-01 $203,500 (13.1%) $269,604 (38.0%) 0.00 96
    2021-09-01 $194,950 (10.4%) $268,577 (31.5%) 0.00 98
    2021-10-01 $196,000 (11.8%) $257,016 (22.0%) 0.00 128
    2021-11-01 $209,000 (13.0%) $255,833 (18.1%) 0.00 141
    2021-12-01 $212,000 (19.3%) $269,786 (30.9%) 0.00 137
    2022-01-01 $234,000 (35.7%) $243,734 (26.8%) 0.00 126
    2022-02-01 $231,725 (38.1%) $234,570 (26.6%) 0.00 117
    2022-03-01 $245,123 (40.2%) $282,196 (41.0%) 0.00 106
    2022-04-01 $252,749 (42.1%) $306,265 (53.9%) 0.00 91
    2022-05-01 $261,675 (39.2%) $298,781 (39.7%) 0.00 137
    2022-06-01 $257,500 (39.2%) $273,714 (-11.0%) 0.00 191
    2022-07-01 $260,000 (39.0%) $275,663 (-12.3%) 0.00 211
    2022-08-01 $275,175 (35.2%) $283,337 (5.1%) 0.00 262
    2022-09-01 $268,500 (37.7%) $283,721 (5.6%) 0.00 293
    2022-10-01 $269,000 (37.2%) $281,256 (9.4%) 0.00 293
    2022-11-01 $277,000 (32.5%) $281,120 (9.9%) 0.00 299
    2022-12-01 $269,500 (27.1%) $276,364 (2.4%) 0.00 324
    2023-01-01 $280,573 (19.9%) $277,307 (13.8%) 0.00 318
    2023-02-01 $289,534 (25.0%) $289,436 (23.4%) 0.00 319
    2023-03-01 $286,838 (17.0%) $288,107 (2.1%) 0.00 285
    2023-04-01 $280,826 (11.1%) $289,209 (-5.6%) 0.00 290
    2023-05-01 $275,000 (5.1%) $280,611 (-6.1%) 0.00 271
    2023-06-01 $274,850 (6.7%) $291,016 (6.3%) 0.00 273
    2023-07-01 $278,917 (7.3%) $293,743 (6.6%) 0.00 261
    2023-08-01 $278,475 (1.2%) $296,815 (4.8%) 0.00 254
    2023-09-01 $279,900 (4.3%) $294,135 (3.7%) 0.00 277
    2023-10-01 $275,450 (2.4%) $298,679 (6.2%) 0.00 298
    2023-11-01 $271,995 (-1.8%) $295,334 (5.1%) 0.00 336
    2023-12-01 $272,970 (1.3%) $298,091 (7.9%) 0.00 310
    2024-01-01 $278,225 (-0.8%) $287,761 (3.8%) 0.00 317
    2024-02-01 $274,950 (-5.0%) $286,158 (-1.1%) 0.00 315
    2024-03-01 $279,900 (-2.4%) $293,386 (1.8%) 0.00 296
    2024-04-01 $277,575 (-1.2%) $293,846 (1.6%) 0.00 258
    2024-05-01 $266,947 (-2.9%) $292,810 (4.4%) 0.00 262
    2024-06-01 $260,000 (-5.4%) $286,101 (-1.7%) 0.00 285
    2024-07-01 $259,625 (-6.9%) $290,225 (-1.2%) 0.00 282
    2024-08-01 $265,000 (-4.8%) $301,756 (1.7%) 0.00 280
    2024-09-01 $269,500 (-3.7%) $301,291 (2.4%) 0.00 308
    2024-10-01 $284,373 (3.2%) $310,032 (3.8%) 0.00 318
    2024-11-01 $275,000 (1.1%) $299,012 (1.3%) 0.00 345
    2024-12-01 $269,350 (-1.3%) $291,842 (-2.1%) 0.00 336
    2025-01-01 $270,425 (-2.8%) $288,412 (0.2%) 0.00 315
    Sumter's median listing price for 2025-01-01 was $270,425, a difference of $-7,800 (-2.8%) versus the prior year and $1,075 versus the prior month.

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

    Sumter's average listing price for 2025-01-01 was $288,412, a difference of $651 (0.2%) versus the prior year and $-3,430 versus the prior month.

    For the 2025-01-01 period, Sumter had 315 MLS listings, a difference of -21 listings (-6%) versus the prior month and -2 listings (-1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sumter (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,856 sqft
    2018-02-01 0 days 1,863 sqft
    2018-03-01 0 days 1,854 sqft
    2018-04-01 0 days 1,898 sqft
    2018-05-01 0 days 1,912 sqft
    2018-06-01 0 days 1,911 sqft
    2018-07-01 0 days 1,931 sqft
    2018-08-01 0 days 1,963 sqft
    2018-09-01 0 days 1,923 sqft
    2018-10-01 0 days 1,856 sqft
    2018-11-01 0 days 1,904 sqft
    2018-12-01 0 days 1,907 sqft
    2019-01-01 0 days 1,908 sqft
    2019-02-01 0 days 1,922 sqft
    2019-03-01 0 days 1,942 sqft
    2019-04-01 0 days 1,985 sqft
    2019-05-01 0 days 2,042 sqft
    2019-06-01 0 days 2,030 sqft
    2019-07-01 0 days 2,019 sqft
    2019-08-01 0 days 1,984 sqft
    2019-09-01 0 days 1,987 sqft
    2019-10-01 0 days 1,994 sqft
    2019-11-01 0 days 2,029 sqft
    2019-12-01 0 days 1,979 sqft
    2020-01-01 0 days 2,004 sqft
    2020-02-01 0 days 2,000 sqft
    2020-03-01 0 days 1,961 sqft
    2020-04-01 0 days 1,947 sqft
    2020-05-01 0 days 1,925 sqft
    2020-06-01 0 days 1,921 sqft
    2020-07-01 0 days 1,889 sqft
    2020-08-01 0 days 1,921 sqft
    2020-09-01 0 days 1,911 sqft
    2020-10-01 0 days 1,933 sqft
    2020-11-01 0 days 2,004 sqft
    2020-12-01 0 days 1,942 sqft
    2021-01-01 0 days 1,927 sqft
    2021-02-01 0 days 1,877 sqft
    2021-03-01 0 days 1,922 sqft
    2021-04-01 0 days 1,913 sqft
    2021-05-01 0 days 2,017 sqft
    2021-06-01 0 days 1,956 sqft
    2021-07-01 0 days 1,935 sqft
    2021-08-01 0 days 2,025 sqft
    2021-09-01 0 days 1,935 sqft
    2021-10-01 0 days 1,957 sqft
    2021-11-01 0 days 1,978 sqft
    2021-12-01 0 days 1,959 sqft
    2022-01-01 0 days 2,038 sqft
    2022-02-01 0 days 2,186 sqft
    2022-03-01 0 days 2,117 sqft
    2022-04-01 0 days 2,130 sqft
    2022-05-01 0 days 2,159 sqft
    2022-06-01 0 days 2,063 sqft
    2022-07-01 0 days 2,076 sqft
    2022-08-01 0 days 2,156 sqft
    2022-09-01 0 days 2,125 sqft
    2022-10-01 0 days 2,108 sqft
    2022-11-01 0 days 2,151 sqft
    2022-12-01 0 days 2,115 sqft
    2023-01-01 0 days 2,147 sqft
    2023-02-01 0 days 2,162 sqft
    2023-03-01 0 days 2,125 sqft
    2023-04-01 0 days 2,140 sqft
    2023-05-01 0 days 2,086 sqft
    2023-06-01 0 days 2,106 sqft
    2023-07-01 0 days 2,143 sqft
    2023-08-01 0 days 2,152 sqft
    2023-09-01 0 days 2,106 sqft
    2023-10-01 0 days 2,105 sqft
    2023-11-01 0 days 2,060 sqft
    2023-12-01 0 days 2,097 sqft
    2024-01-01 0 days 2,088 sqft
    2024-02-01 0 days 2,084 sqft
    2024-03-01 0 days 2,158 sqft
    2024-04-01 0 days 2,137 sqft
    2024-05-01 0 days 1,997 sqft
    2024-06-01 0 days 1,915 sqft
    2024-07-01 0 days 1,933 sqft
    2024-08-01 0 days 2,000 sqft
    2024-09-01 0 days 2,037 sqft
    2024-10-01 0 days 2,130 sqft
    2024-11-01 0 days 2,083 sqft
    2024-12-01 0 days 2,013 sqft
    2025-01-01 0 days 2,058 sqft
    Sumter's median listing age (time on market) for 2025-01-01 was 0 days.

    Sumter's median square footage for active listings during the 2025-01-01 period was 2,058 sqft. One year prior, the average listing was 2,088 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.