Myrtle Beach VA Loan Rates, Closing Costs & Stats

MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC

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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.

    Myrtle Beach's 159 lenders originated 1,912 VA loans during 2024. The total origination value was $654,290,000, with an average VA loan value of $342,202.

    Myrtle Beach VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Myrtle Beach averaged 6.98% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Myrtle Beach's average VA mortgage closing costs are $6,006.

    The average rate for the prior week (2025-07-11) was 6.87% and one month ago for the week of 2025-06-13, the average rate was 7.04%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.53%.

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

    Myrtle Beach 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 Myrtle Beach level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 202 6.36% $6,242
    DHI MORTGAGE COMPANY, LTD. 191 5.29% $5,639
    UNITED WHOLESALE MORTGAGE, LLC 134 5.98% $8,898
    QUICKEN LOANS, LLC 114 5.92% $11,145
    FREEDOM MORTGAGE CORPORATION 76 6.10% $10,202
    LOANDEPOT.COM, LLC 55 5.70% $11,118
    PENNYMAC LOAN SERVICES, LLC 52 5.62% $6,802
    EAGLE HOME MORTGAGE, LLC 47 6.03% $3,462
    NAVY FEDERAL CREDIT UNION 46 5.92% $5,565
    GUARANTEED RATE, INC. 37 6.11% $5,469
    MOVEMENT MORTGAGE, LLC 34 6.28% $9,361
    CROSSCOUNTRY MORTGAGE, LLC 31 6.26% $7,062
    VILLAGE CAPITAL MORTGAGE 30 5.75% $7,974
    NEW DAY FINANCIAL, LLC 29 7.58% $13,489
    NEWREZ LLC 28 6.09% $7,490
    USAA Federal Savings Bank 28 6.05% $7,939
    PULTE MORTGAGE LLC 27 6.00% $2,885
    VANDERBILT MORTGAGE AND FINANCE, INC. 26 5.76% $4,731
    NVR Mortgage Finance, Inc. 24 5.99% $4,843
    TIDEWATER MORTGAGE SERVICES, INC. 23 6.36% $9,964
    T2 FINANCIAL LLC 22 6.59% $9,766
    GUILD MORTGAGE COMPANY 20 6.06% $8,831
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 19 6.39% $7,938
    CMG MORTGAGE, INC. 17 6.07% $8,297
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.55% $7,004
    NATION ONE MORTGAGE CORPORATION 14 7.14% $3,926
    The Federal Savings Bank 14 6.16% $18,640
    Flagstar Bank, FSB 13 6.54% $5,649
    LAKEVIEW LOAN SERVICING, LLC 13 5.60% $5,126
    HOMESIDE FINANCIAL, LLC 13 6.50% $11,879
    JET HOMELOANS, LLC 12 5.62% $7,382
    MORTGAGE SOLUTIONS OF COLORADO, LLC 10 7.05% $5,740
    Plains Commerce Bank 10 6.48% $8,136
    Gateway First Bank 10 6.63% $5,139
    PLANET HOME LENDING, LLC 9 6.00% $4,822
    Prosperity Home Mortgage, LLC 9 5.96% $7,793
    FBC MORTGAGE, LLC 8 5.57% $2,234
    Mr. Cooper ( Nationstar Mortgage ) 8 6.30% $9,150
    VELOCIO MORTGAGE L.L.C. 8 4.68% $2,499
    NBKC BANK 8 6.05% $11,178
    Integrity Home Mortgage Corp 8 6.23% $4,587
    AmeriHome Mortgage Company, LLC 7 6.03% $6,162
    SUN WEST MORTGAGE COMPANY, INC. 7 5.59% $13,267
    AMERICAN FINANCIAL NETWORK, INC. 7 6.63% $5,890
    Carrington Mortgage Services, LLC 7 6.07% $10,138
    American Security Mortgage Corp. 7 5.75% $5,800
    Barrington Bank & Trust Company, N.A. 6 6.67% $7,607
    BROKER SOLUTIONS, INC. 6 6.60% $7,385
    CARDINAL FINANCIAL 6 6.27% $9,874
    CITY FIRST MORTGAGE SERVICES, L.L.C. 6 6.40% $6,120
    CLEARPATH LENDING 6 5.69% $5,290
    DELMAR FINANCIAL COMPANY 6 6.54% $5,985
    Equity Prime Mortgage LLC 6 6.90% $5,841
    EVERETT FINANCIAL, INC. 6 6.81% $12,005
    INTERCOASTAL MORTGAGE COMPANY 6 6.08% $4,997
    SeaTrust Mortgage Company 6 6.71% $5,113
    Towne Bank 6 6.17% $6,961
    Truist 6 6.43% $4,270
    UNION HOME MORTGAGE CORP. 6 6.40% $7,414
    Wells Fargo Bank 6 6.13% $4,381
    First Federal Bank 5 5.78% $9,657
    PENTAGON FEDERAL CREDIT UNION 5 6.35% $4,170
    SOUTHERN TRUST MORTGAGE, LLC 5 6.48% $15,790
    TBI MORTGAGE COMPANY 5 6.32% $4,447
    AMERICAN FINANCIAL RESOURCES, INC. 5 7.30% $11,332
    VERITAS FUNDING, LLC 4 6.53% $18,958
    Paramount Bank 4 6.19% $10,360
    Magnolia Bank 4 5.50% $13,192
    Paramount Residential Mortgage Group, Inc. 4 6.97% $10,202
    PLAZA HOME MORTGAGE, INC. 4 6.43% $9,744
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.25% $24,650
    Renasant Bank 4 6.44% $10,879
    LOANPAL, LLC 3 5.83% $13,143
    CALCON MUTUAL MORTGAGE LLC 3 6.42% $10,954
    Blue Ridge Bank 3 7.08% $10,720
    RELIANCE FIRST CAPITAL, LLC 3 6.50% $13,005
    TJC Mortgage, Inc. 3 6.04% $11,041
    RADIUS FINANCIAL GROUP INC. 3 6.38% $7,396
    FIRST COMMUNITY MORTGAGE, INC. 3 6.08% $6,036
    Alcova Mortgage LLC 3 5.88% $7,470
    Ixonia Bank 3 6.46% $17,162
    GENEVA FINANCIAL, LLC 3 6.63% $5,602
    Ameris Bank 3 6.08% $10,727
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.94% $5,554
    PHH Mortgage Corporation 2 5.56% $6,906
    First Heritage Mortgage, LLC 2 6.25% $15,628
    Bank of England 2 6.38% $13,997
    First Reliance Bank 2 6.31% $4,990
    MORTGAGEONE, INC. 2 6.50% $2,081
    EMM LOANS LLC 2 6.19% $9,448
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.13% $15,643
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.25% $4,943
    Princeton Mortgage Corporation 2 6.75% $5,993
    Atlantic Coast Mortgage, LLC 2 6.50% $6,463
    Armed Forces Bank 2 6.56% $11,493
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.38% $7,115
    CORNERSTONE HOME LENDING, INC. 2 6.94% $3,548
    NATIONS DIRECT MORTGAGE, LLC 2 6.56% $4,713
    Mid-Continent Funding, Inc. 2 6.19% $7,880
    South State Bank 2 5.63% $5,646
    SOUTHWEST STAGE FUNDING, LLC 2 6.13% $692
    GoPrime Mortgage, Inc. 2 6.31% $5,103
    AmRes Corporation 2 6.44% $9,844
    First-Citizens Bank & Trust Company 2 5.25% $10,979
    The Loan Store, Inc. 2 6.56% $5,480
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.75% $10,708
    EQUITY RESOURCES, INC. 2 6.69% $7,315
    North State Bank 2 6.19% $8,248
    TOWNE MORTGAGE COMPANY 2 6.25% $4,344
    BAY EQUITY LLC 2 6.94% $4,875
    Bank of America 1 5.50% $7,259
    HARTFORD FUNDING, LTD. 1 6.25% $9,653
    FIRST COLONY MORTGAGE CORPORATION 1 6.00% $9,844
    INTERLINC MORTGAGE SERVICES, LLC 1 6.63% $3,212
    FIDELITY DIRECT MORTGAGE, LLC 1 6.63% $39,432
    LADERA LENDING, INC. 1 6.25% $14,350
    Lakeview Community Capital, LLC 1 6.25% $5,101
    Encompass Lending Group, LP 1 6.25% $22,028
    Meridian Bank Corporation 1 4.88% $11,454
    MID AMERICA MORTGAGE, INC. 1 8.25% $7,961
    MID-ISLAND MORTGAGE CORP. 1 5.00% $13,021
    MILEND, INC. 1 6.13% $8,975
    MORIA DEVELOPMENT, INC. 1 5.75% $7,419
    MORTGAGE ACCESS CORP. 1 7.25% $17,986
    Mortgage Assurance Inc. 1 6.25% $18,082
    MORTGAGE EQUITY PARTNERS LLC 1 6.75% $2,796
    Credence Funding Corporation 1 5.63% $11,028
    CityWorth Mortgage LLC 1 5.38% $2,663
    Citizens Bank 1 5.88% $5,010
    Nations Lending Corporation 1 6.25% $6,066
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $7,340
    CANOPY MORTGAGE, LLC 1 5.25% $4,108
    NETWORK CAPITAL FUNDING CORPORATION 1 6.50% $10,118
    North American Savings Bank, F.S.B. 1 5.25% $14,137
    1ST SIGNATURE LENDING, LLC 1 6.25% $10,503
    Goldwater Bank, N.A. 1 8.99% $9,398
    POLARIS HOME FUNDING CORP. 1 7.63% $19,009
    Presidential Bank, FSB 1 5.13% $10,442
    Residential Mortgage Solutions, Inc. 1 7.25% $10,325
    RESOURCE FINANCIAL SERVICES, INC. 1 6.63% $2,452
    RUOFF MORTGAGE COMPANY, INC. 1 6.25% $3,147
    Sandy Spring Bank 1 5.99% $5,713
    Vellum Mortgage, Inc. 1 6.75% $4,225
    Service Federal Credit Union 1 5.88% $671
    SIRVA MORTGAGE, INC. 1 6.63% $8,128
    STOCKTON MORTGAGE CORPORATION 1 0.00% $13,151
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $24,353
    Synovus Bank 1 5.75% $13,999
    The Central Trust Bank 1 6.25% $6,954
    AMERISAVE MORTGAGE CORPORATION 1 4.88% $16,317
    TOTAL MORTGAGE SERVICES, LLC 1 7.25% $26,958
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $6,984
    Trustmark National Bank 1 6.63% $13,041
    United Community Bank 1 6.13% $6,171
    AMERICAN FINANCING CORPORATION 1 5.88% $8,491
    U.S. Bank 1 7.25% $9,953
    First Palmetto Bank 1 7.13% $4,685
    First National Bank of Pennsylvania 1 7.75% $4,561
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.38% $4,122

    The top Myrtle Beach VA lender as defined by loan originations is Mortgage Research Center, LLC, with 202 VA loans originated. Their average total fees are $6,242, which is $604 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Myrtle Beach VA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($2,885), EAGLE HOME MORTGAGE, LLC ($3,462), NATION ONE MORTGAGE CORPORATION ($3,926), VANDERBILT MORTGAGE AND FINANCE, INC. ($4,731) and NVR Mortgage Finance, Inc. ($4,843).

    The lowest rate Myrtle Beach VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.29%), LAKEVIEW LOAN SERVICING, LLC (5.60%), JET HOMELOANS, LLC (5.62%), PENNYMAC LOAN SERVICES, LLC (5.62%) and LOANDEPOT.COM, LLC (5.70%).

    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.