South Carolina VA Loan Rates, Closing Costs & Stats

South Carolina

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.

South Carolina VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in South Carolina averaged 6.15% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

South Carolina's average VA mortgage closing costs are $5,821.

The average rate for the prior week (2024-02-23) was 6.38% and one month ago for the week of 2024-01-26, the average rate was 5.9%.

The average rate one year ago was 6.14%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.22%.

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

South Carolina 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 South Carolina level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 2,063 5.01% $7,497
QUICKEN LOANS, LLC 1,092 4.08% $10,592
UNITED WHOLESALE MORTGAGE, LLC 761 4.45% $8,528
NAVY FEDERAL CREDIT UNION 761 4.01% $7,415
FREEDOM MORTGAGE CORPORATION 629 4.29% $9,852
DHI MORTGAGE COMPANY, LTD. 591 3.99% $8,145
MOVEMENT MORTGAGE, LLC 510 4.73% $7,555
USAA Federal Savings Bank 443 4.41% $8,234
PENNYMAC LOAN SERVICES, LLC 419 3.44% $8,296
LOANDEPOT.COM, LLC 398 4.08% $9,453
NEW DAY FINANCIAL, LLC 396 4.99% $11,142
GUILD MORTGAGE COMPANY 376 4.77% $9,808
VANDERBILT MORTGAGE AND FINANCE, INC. 255 4.67% $8,473
EAGLE HOME MORTGAGE, LLC 243 4.54% $7,919
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 205 4.78% $7,994
GUARANTEED RATE AFFINITY, LLC 197 4.71% $7,316
CROSSCOUNTRY MORTGAGE, LLC 189 5.26% $10,301
Mr. Cooper ( Nationstar Mortgage ) 176 4.88% $10,158
Ameris Bank 171 4.47% $9,168
CARDINAL FINANCIAL 165 4.77% $11,773
First Heritage Mortgage, LLC 162 5.04% $11,373
BROKER SOLUTIONS, INC. 156 4.63% $9,395
MORTGAGE SOLUTIONS OF COLORADO, LLC 154 5.59% $7,342
The Federal Savings Bank 153 4.66% $13,010
PRIMELENDING, A PLAINSCAPITAL COMPANY 152 4.93% $9,005
Wells Fargo Bank 136 4.23% $5,366
GUARANTEED RATE, INC. 133 4.44% $6,740
PULTE MORTGAGE LLC 131 4.54% $7,765
CALIBER HOME LOANS, INC. 118 4.24% $8,711
AMERISAVE MORTGAGE CORPORATION 118 4.21% $13,013
NTFN, INC. 117 4.87% $9,476
ARK-LA-TEX FINANCIAL SERVICES, LLC. 115 4.91% $9,939
RESOURCE FINANCIAL SERVICES, INC. 107 4.76% $8,298
CMG MORTGAGE, INC. 107 4.74% $10,305
Gateway First Bank 101 4.68% $8,377
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 100 4.70% $9,134
NVR Mortgage Finance, Inc. 100 4.33% $6,603
HOME POINT FINANCIAL CORPORATION 100 4.33% $7,456
LAKEVIEW LOAN SERVICING, LLC 89 3.38% $5,186
FINANCE OF AMERICA MORTGAGE LLC 87 4.43% $9,132
NEWREZ LLC 86 4.44% $9,435
FBC MORTGAGE, LLC 81 5.22% $9,738
VILLAGE CAPITAL MORTGAGE 79 4.01% $9,240
Flagstar Bank, FSB 78 4.68% $8,856
Magnolia Bank 78 4.69% $11,201
PENTAGON FEDERAL CREDIT UNION 76 3.69% $6,749
CLEARPATH LENDING 76 3.74% $10,007
Barrington Bank & Trust Company, N.A. 75 4.72% $7,386
Carrington Mortgage Services, LLC 75 4.82% $8,455
CAROLINA ONE MORTGAGE, LLC 74 4.75% $11,469
Mortgage Network, Inc. 73 4.76% $8,627
AMERICAN PACIFIC MORTGAGE CORPORATION 70 5.55% $13,256
SUCCESS MORTGAGE PARTNERS, INC. 64 4.21% $9,735
MIDLAND MORTGAGE CORPORATION 64 4.82% $11,391
Equity Prime Mortgage LLC 60 5.65% $8,221
HOMEBRIDGE FINANCIAL SERVICES, INC. 58 4.63% $11,883
Trustmark National Bank 58 4.84% $7,797
NBKC BANK 58 4.04% $7,988
South State Bank 56 4.15% $9,475
ON Q FINANCIAL, INC. 55 5.57% $8,510
MUTUAL OF OMAHA MORTGAGE, INC. 54 4.70% $9,649
VELOCIO MORTGAGE L.L.C. 50 4.53% $9,055
CORNERSTONE HOME LENDING, INC. 47 4.53% $9,289
Mid-Continent Funding, Inc. 46 4.94% $8,971
HOMESIDE FINANCIAL, LLC 46 4.51% $7,748
CALCON MUTUAL MORTGAGE LLC 43 4.94% $11,414
North American Savings Bank, F.S.B. 43 4.22% $8,935
Paramount Residential Mortgage Group, Inc. 42 4.98% $12,116
TOWNE MORTGAGE COMPANY 42 4.47% $8,418
INTERLINC MORTGAGE SERVICES, LLC 41 5.39% $10,109
LOANPAL, LLC 41 3.89% $14,777
Prosperity Home Mortgage, LLC 40 4.82% $9,984
INTERCOASTAL MORTGAGE COMPANY 40 4.81% $9,329
CERTAINTY HOME LOANS, LLC 38 4.29% $8,850
First Palmetto Bank 37 5.25% $7,847
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 37 5.32% $7,823
Renasant Bank 37 4.37% $9,284
American Security Mortgage Corp. 35 4.86% $7,477
First Federal Bank 35 4.55% $9,106
Truist 35 4.35% $4,583
RELIANCE FIRST CAPITAL, LLC 34 4.69% $10,115
Low VA Rates, LLC 33 4.86% $14,352
Wyndham Capital Mortgage, Inc. 32 4.29% $8,646
Nations Lending Corporation 32 5.09% $9,397
Network Funding, L.P. 32 4.90% $10,148
Lakeview Community Capital, LLC 32 3.98% $4,756
PLANET HOME LENDING, LLC 31 4.08% $6,344
DAS Acquisition Company, LLC 30 5.20% $11,362
Assurance Financial Group, L.L.C. 30 5.27% $9,172
Sierra Pacific Mortgage Company, Inc. 26 4.49% $9,391
BANKSOUTH MORTGAGE COMPANY, LLC 26 4.30% $7,769
T2 FINANCIAL LLC 25 4.67% $10,179
ACOPIA, LLC 25 4.85% $7,834
Princeton Mortgage Corporation 25 4.51% $16,604
Northpointe Bank 24 4.70% $9,143
JET HOMELOANS, LLC 24 4.93% $7,876
HOMESTAR FINANCIAL CORPORATION 24 4.46% $10,327
MCLEAN MORTGAGE CORPORATION 24 4.97% $7,062
NFM, INC. 23 5.09% $11,750
VERITAS FUNDING, LLC 23 4.44% $16,280
GENEVA FINANCIAL, LLC 23 4.98% $11,681
Regions Bank 23 5.05% $7,865
NATIONS DIRECT MORTGAGE, LLC 22 4.28% $7,793
CHURCHILL MORTGAGE CORPORATION 21 4.67% $9,803
CONTOUR MORTGAGE CORPORATION 21 4.92% $11,381
United Community Bank 21 4.38% $8,148
DIRECT MORTGAGE LOANS, LLC 21 4.91% $14,151
BAY EQUITY LLC 21 5.25% $12,385
ANGEL OAK HOME LOANS LLC 20 5.01% $6,696
INSPIRE HOME LOANS INC. 20 5.17% $8,407
TIDEWATER MORTGAGE SERVICES, INC. 20 5.33% $9,083
APEX HOME LOANS, INC. 19 3.82% $6,315
SUN WEST MORTGAGE COMPANY, INC. 19 4.38% $8,517
Atlantic Coast Mortgage, LLC 19 4.81% $12,229
Queensborough National Bank & Trust Company 18 4.50% $9,302
Strong Home Mortgage, LLC 18 4.18% $9,674
AMERICAN FINANCING CORPORATION 17 4.01% $7,560
PLAZA HOME MORTGAGE, INC. 17 5.21% $8,937
BNC National Bank 17 4.04% $9,483
EVERETT FINANCIAL, INC. 17 5.14% $9,453
TJC Mortgage, Inc. 17 4.51% $10,707
THE MORTGAGE FIRM, INC. 16 5.32% $8,509
Armed Forces Bank 16 3.68% $7,315
EMBRACE HOME LOANS, INC. 16 4.29% $9,851
GSF Mortgage Corporation 16 5.65% $15,181
PRIMARY RESIDENTIAL MORTGAGE, INC. 15 4.88% $8,236
SOVEREIGN LENDING GROUP INCORPORATED 15 4.59% $12,322
Alcova Mortgage LLC 15 5.03% $10,748
Texana Bank 15 4.66% $11,452
EQUITY RESOURCES, INC. 14 4.54% $9,913
Colony Bank 14 4.44% $8,241
FIRST HOME MORTGAGE CORPORATION 14 4.69% $16,951
MORTGAGE EQUITY PARTNERS LLC 14 5.12% $10,110
SOUTHERN TRUST MORTGAGE, LLC 14 4.60% $11,637
HOMEOWNERS FINANCIAL GROUP USA, LLC 14 4.50% $9,861
Towne Bank 14 4.56% $14,140
AMERICAN FINANCIAL RESOURCES, INC. 13 5.47% $5,237
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 13 4.61% $10,137
SOUTHWEST FUNDING, LP 13 5.08% $10,942
UNION HOME MORTGAGE CORP. 12 4.71% $8,724
Citizens Bank 12 3.92% $11,540
Bank of America 12 4.06% $6,887
JPMorgan Chase Bank 12 4.98% $8,015
Bank of England 11 4.75% $10,590
TBI MORTGAGE COMPANY 11 3.99% $10,714
First Community Bank 11 4.78% $10,350
SWBC MORTGAGE CORPORATION 11 4.35% $8,134
Countybank 11 3.92% $6,495
SRP Federal Credit Union 11 4.72% $5,761
First-Citizens Bank & Trust Company 10 3.86% $6,177
Plains Commerce Bank 10 5.25% $8,502
TD Bank 10 4.40% $5,744
Security Federal Bank 10 4.34% $6,586
Southern First Bank 10 4.82% $4,883
NETWORK CAPITAL FUNDING CORPORATION 9 4.86% $11,255
CRESCENT MORTGAGE COMPANY 9 4.01% $6,571
THRIVE MORTGAGE, LLC 9 5.93% $9,084
Sunflower Bank 9 4.07% $8,297
Synovus Bank 9 4.79% $5,962
CAPITAL CENTER, L.L.C. 9 4.06% $5,298
US MORTGAGE CORPORATION 9 5.40% $8,766
UNITED MORTGAGE CORP 8 4.59% $16,062
First Guaranty Mortgage Corporation 8 3.67% $8,427
KELLER MORTGAGE, LLC 8 4.42% $9,038
The Central Trust Bank 8 4.70% $10,843
First Reliance Bank 8 4.88% $10,307
Century Mortgage Company DBA Century Lending Company 7 4.29% $6,285
ZILLOW HOME LOANS, LLC 7 3.80% $9,281
Allen Tate Mortgage Partners, LLC 7 4.27% $9,124
South Pacific Financial Corporation 7 4.41% $9,563
First Horizon Bank 7 5.07% $5,031
SUMMIT FUNDING, INC. 6 5.79% $8,712
George Mason Mortgage, LLC 6 3.52% $6,207
GUARANTY HOME MORTGAGE CORPORATION 6 4.17% $6,155
CITY FIRST MORTGAGE SERVICES, L.L.C. 6 5.35% $15,897
SOUTHWEST STAGE FUNDING, LLC 6 4.60% $3,413
Barley Mortgage, LLC 6 3.56% $4,089
AUGUSTA MORTGAGE CO. 6 5.60% $9,669
ROYAL UNITED MORTGAGE LLC 6 5.81% $16,626
RAPID MORTGAGE COMPANY 6 5.38% $11,265
PNC Bank 6 4.25% $9,679
LEADERONE FINANCIAL CORPORATION 5 4.50% $12,491
M&T Bank 5 4.40% $8,211
RESIDENTIAL BANCORP 5 4.15% $13,715
PHH Mortgage Corporation 5 4.75% $7,896
Amerifirst Financial, Inc. 5 4.20% $6,643
Blue Ridge Bank 5 4.53% $8,787
LADERA LENDING, INC. 5 4.83% $9,052
First Mortgage Solutions, LLC 5 3.47% $15,870
Shamrock Home Loans, Inc. 5 4.10% $7,007
United Bank 5 4.83% $11,778
Palmetto Citizens Federal Credit Union 4 5.34% $5,592
Capital Bank 4 4.84% $11,459
Encompass Lending Group, LP 4 4.78% $8,224
Waterstone Mortgage Corporation 4 4.94% $11,566
FirstBank 4 3.63% $2,356
NBH Bank 4 5.53% $10,641
Victorian Finance, LLC 4 5.94% $11,378
GoPrime Mortgage, Inc. 4 4.94% $9,201
PREMIER LENDING, INC. 4 4.09% $12,187
NP, Inc. 4 2.78% $8,109
Colten Mortgage, LLC 4 3.94% $19,974
SeaTrust Mortgage Company 3 5.83% $6,934
ARC HOME LLC 3 2.63% $5,572
Goldwater Bank, N.A. 3 6.29% $9,670
AMERICAN INTERNET MORTGAGE, INC. 3 3.50% $6,750
Presidential Bank, FSB 3 4.75% $9,495
PREMIER MORTGAGE RESOURCES, L.L.C. 3 4.75% $7,421
U.S. Bank 3 4.29% $2,219
POLARIS HOME FUNDING CORP. 3 5.58% $8,519
SHELTER LENDING SERVICES, L.L.C. 3 5.50% $5,472
Credence Funding Corporation 3 3.92% $5,432
Peoples Bank 3 4.75% $10,990
Platinum Home Mortgage Corporation 3 5.25% $7,793
DRAPER AND KRAMER MORTGAGE CORP. 3 5.21% $9,008
HOMESPIRE MORTGAGE CORPORATION 3 3.08% $8,184
First Savings Bank 3 4.17% $20,411
NATIONWIDE MORTGAGE BANKERS, INC. 3 5.04% $10,876
Austin Capital Bank SSB 3 3.66% $4,205
CHERRY CREEK MORTGAGE, LLC 3 3.92% $3,331
CityWorth Mortgage LLC 3 4.83% $7,412
LEGEND LENDING CORPORATION 2 6.19% $9,859
1ST PREFERENCE MORTGAGE CORP. 2 4.25% $13,402
1ST SIGNATURE LENDING, LLC 2 5.00% $7,056
Academy Bank 2 5.69% $11,447
Acre Mortgage and Financial Inc 2 3.44% $6,975
ALLIED MORTGAGE GROUP, INC. 2 6.38% $8,428
AMCAP MORTGAGE, LTD. 2 6.25% $15,930
Aurora Financial, LLC 2 4.25% $2,698
BAYSHORE MORTGAGE FUNDING, LLC 2 5.75% $25,952
Capital City Home Loans, LLC 2 4.00% $6,300
Evolve Bank & Trust 2 6.00% $7,048
FAIR WAY LENDING LLC 2 4.69% $19,072
Fifth Third Bank 2 3.31% $11,760
FIRST COMMUNITY MORTGAGE, INC. 2 4.13% $12,454
First Federal Bank of Kansas City 2 4.75% $14,557
First Home Bank 2 5.00% $3,142
First National Bank of Pennsylvania 2 4.38% $18,147
GMFS LLC 2 6.50% $9,470
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.13% $17,510
HOMESTEAD FUNDING CORP. 2 3.94% $12,281
LENOX FINANCIAL MORTGAGE CORPORATION 2 4.63% $10,740
LIBERTY HOME MORTGAGE CORPORATION 2 3.88% $10,740
MDE Home Loans, LLC 2 5.56% $7,699
MID AMERICA MORTGAGE, INC. 2 5.00% $5,192
M/I FINANCIAL, LLC 2 3.69% $21,982
Mutual Federal Bank 2 3.63% $7,365
OCEANSIDE MORTGAGE COMPANY 2 3.74% $8,034
OCMBC, INC. 2 4.63% $17,606
OPEN MORTGAGE, LLC 2 6.19% $9,425
OVM FINANCIAL, INC. 2 4.94% $8,288
PANORAMA MORTGAGE GROUP, LLC 2 4.25% $7,637
Paramount Bank 2 3.75% $5,463
Pinnacle Bank 2 4.94% $10,292
PREMIA MORTGAGE, LLC 2 2.81% $2,819
ROSS MORTGAGE CORPORATION 2 5.13% $3,867
RUOFF MORTGAGE COMPANY, INC. 2 3.88% $5,770
Service Federal Credit Union 2 4.00% $3,934
The Bank of South Carolina 2 4.06% $6,361
The Park National Bank 2 4.31% $7,140
TOP FLITE FINANCIAL, INC. 2 6.00% $14,128
TOTAL MORTGAGE SERVICES, LLC 2 4.50% $9,785
Uwharrie Bank 2 5.25% $4,513
Advisors Mortgage Group, L.L.C. 1 3.50% $10,974
PIKE CREEK MORTGAGE SERVICES, INC. 1 4.13% $10,271
SHELTER HOME MORTGAGE, LLC 1 4.75% $17,514
North State Bank 1 2.75% $2,017
Neighborhood Loans, Inc. 1 7.25% $4,082
MYCUMORTGAGE, LLC 1 3.63% $2,001
MORTGAGEONE, INC. 1 6.75% $1,595
MORTGAGE INVESTORS GROUP, INC. 1 2.88% $6,180
SOUTHPOINT FINANCIAL SERVICES, INC. 1 5.75% $18,758
MORIA DEVELOPMENT, INC. 1 4.75% $3,817
MLD MORTGAGE INC. 1 5.25% $10,387
MICHIGAN MUTUAL, INC. 1 3.88% $3,554
Meridian Bank Corporation 1 2.75% $3,852
MEMBER FIRST MORTGAGE, LLC 1 5.13% $5,063
Stifel Bank and Trust 1 4.38% $8,687
STOCKTON MORTGAGE CORPORATION 1 4.13% $8,322
Stride Bank 1 4.63% $4,743
MEMBER ADVANTAGE MORTGAGE, LLC 1 4.00% $6,425
1ST FINANCIAL, INC. 1 5.75% $7,876
KeyBank 1 2.63% $3,009
INTERCAP LENDING INC. 1 5.13% $16,055
Integrity Home Mortgage Corp 1 5.13% $3,958
Hometown Lenders, Inc. 1 4.25% $13,700
Hawthorn Bank 1 4.25% $21,829
HANCOCK MORTGAGE PARTNERS, LLC 1 4.63% $9,946
HALLMARK HOME MORTGAGE, LLC 1 6.25% $14,300
FLAT BRANCH MORTGAGE, INC. 1 4.38% $5,159
First Western Trust Bank 1 6.63% $0
West Town Bank & Trust 1 4.25% $21,599
FIRST SAVINGS MORTGAGE CORPORATION 1 3.38% $13,128
First Option Mortgage, LLC 1 4.63% $5,546
The Huntington National Bank 1 3.88% $5,224
First Federal Bank of the Midwest 1 5.75% $13,226
Willamette Valley Bank 1 3.75% $8,050
The Union Bank Company 1 2.63% $8,241
FIRST CHOICE MORTGAGE, INC. 1 6.25% $2,581
FIRST CENTENNIAL MORTGAGE CORPORATION 1 7.13% $6,452
First Bank 1 5.25% $8,805
WRIGHT-PATT CREDIT UNION, INC. 1 3.63% $5,345
ACADEMY MORTGAGE CORPORATION 1 5.25% $10,398
FCB Banks 1 3.25% $5,216
ENCORE BANK 1 5.13% $1,521
EMM LOANS LLC 1 4.63% $10,956
East Coast Capital Corp. 1 6.25% $16,452
DEVELOPER'S MORTGAGE COMPANY 1 5.75% $2,826
Cornerstone First Mortgage, Inc 1 4.25% $4,014
Core Bank 1 5.25% $3,427
COMPASS MORTGAGE, INC. 1 6.50% $3,609
Centennial Bank 1 3.25% $3,925
CBM Mortgage, Inc. 1 3.13% $12,817
CASTLE & COOKE MORTGAGE, LLC 1 5.75% $44,152
BEST CAPITAL FUNDING 1 4.00% $4,557
ABSOLUTE HOME MORTGAGE CORPORATION 1 6.63% $14,001
Bell Bank 1 4.75% $1,921
VAN DYK MORTGAGE CORPORATION 1 3.75% $11,729
Atlantic Union Bank 1 4.13% $0
Arvest Bank 1 4.50% $7,572
AmRes Corporation 1 4.38% $4,024
AmeriHome Mortgage Company, LLC 1 5.50% $21,131
Watermark Capital, Inc. 1 2.25% $7,580
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 4.75% $8,479
RESIDENTIAL HOME FUNDING CORP. 1 4.63% $11,137
AMERIFIRST FINANCIAL CORPORATION 1 5.75% $5,852
S1L, Inc. 1 2.63% $3,368
Progress Bank and Trust 1 4.50% $2,905
Prime Choice Funding Inc. 1 2.75% $3,550
Semper Home Loans, Inc. 1 2.25% $3,385

The top South Carolina VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2,063 VA loans originated. Their average total fees are $7,497, which is $3,094 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee South Carolina VA lenders (with over 10 loans originated) are Truist ($4,583), Lakeview Community Capital, LLC ($4,756), Southern First Bank ($4,883), LAKEVIEW LOAN SERVICING, LLC ($5,186) and AMERICAN FINANCIAL RESOURCES, INC. ($5,237).

The lowest rate South Carolina VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.38%), PENNYMAC LOAN SERVICES, LLC (3.44%), Armed Forces Bank (3.68%), PENTAGON FEDERAL CREDIT UNION (3.69%) and CLEARPATH LENDING (3.74%).

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.