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 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.