Spartanburg VA Loan Rates, Closing Costs & Stats

SPARTANBURG, SC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    Spartanburg's 112 lenders originated 847 VA loans during 2024. The total origination value was $263,105,000, with an average VA loan value of $310,632.

    Spartanburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Spartanburg averaged 6.29% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Spartanburg's average VA mortgage closing costs are $5,963.

    The average rate for the prior week (2025-07-11) was 6.48% and one month ago for the week of 2025-06-13, the average rate was 6.75%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.33%.

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

    Spartanburg 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 Spartanburg level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 136 6.31% $6,037
    UNITED WHOLESALE MORTGAGE, LLC 77 5.91% $7,490
    DHI MORTGAGE COMPANY, LTD. 54 5.31% $6,336
    QUICKEN LOANS, LLC 43 6.13% $9,563
    FREEDOM MORTGAGE CORPORATION 33 6.36% $8,610
    LOANDEPOT.COM, LLC 33 5.55% $11,336
    NVR Mortgage Finance, Inc. 28 6.06% $4,872
    NAVY FEDERAL CREDIT UNION 26 5.91% $4,530
    PENNYMAC LOAN SERVICES, LLC 19 5.72% $7,277
    MOVEMENT MORTGAGE, LLC 17 6.45% $7,626
    CROSSCOUNTRY MORTGAGE, LLC 16 6.63% $7,324
    VANDERBILT MORTGAGE AND FINANCE, INC. 16 5.57% $4,882
    PRIMELENDING, A PLAINSCAPITAL COMPANY 15 5.98% $9,620
    NEW DAY FINANCIAL, LLC 15 7.73% $11,812
    MORTGAGE SOLUTIONS OF COLORADO, LLC 14 6.95% $2,533
    VILLAGE CAPITAL MORTGAGE 13 5.73% $7,508
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 6.63% $4,226
    First Heritage Mortgage, LLC 12 5.65% $9,693
    USAA Federal Savings Bank 11 6.49% $10,291
    FBC MORTGAGE, LLC 10 5.32% $4,015
    ACOPIA, LLC 9 5.64% $4,887
    EAGLE HOME MORTGAGE, LLC 8 6.38% $3,072
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.56% $7,920
    NEWREZ LLC 8 6.22% $7,452
    Mr. Cooper ( Nationstar Mortgage ) 7 6.43% $9,652
    The Loan Store, Inc. 7 5.78% $5,217
    HOMESIDE FINANCIAL, LLC 7 6.98% $13,187
    Sierra Pacific Mortgage Company, Inc. 7 5.93% $6,049
    GUARANTEED RATE, INC. 6 5.85% $3,237
    American Mortgage & Equity Consultants, Inc. 6 6.17% $4,154
    GUILD MORTGAGE COMPANY 6 6.31% $7,551
    SUN WEST MORTGAGE COMPANY, INC. 5 5.90% $8,928
    INSPIRE HOME LOANS INC. 5 5.50% $2,836
    Flagstar Bank, FSB 5 6.29% $3,339
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.31% $5,715
    HOWARD HANNA FINANCIAL SERVICES, INC. 4 6.34% $7,804
    CLEARPATH LENDING 4 5.41% $7,613
    CMG MORTGAGE, INC. 4 5.94% $12,751
    Network Funding, L.P. 3 6.79% $5,769
    LAKEVIEW LOAN SERVICING, LLC 3 5.83% $11,537
    First Federal Bank 3 5.79% $6,829
    NATIONS DIRECT MORTGAGE, LLC 3 6.21% $4,908
    PLANET HOME LENDING, LLC 3 5.37% $4,244
    Magnolia Bank 3 6.33% $9,797
    The Federal Savings Bank 3 7.00% $10,297
    South State Bank 3 6.12% $11,390
    RELIANCE FIRST CAPITAL, LLC 3 6.38% $12,981
    CRESCENT MORTGAGE COMPANY 2 6.13% $7,357
    MILEND, INC. 2 6.56% $9,893
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.00% $25,308
    DELMAR FINANCIAL COMPANY 2 6.63% $5,504
    Presidential Bank, FSB 2 6.00% $2,964
    MORTGAGEONE, INC. 2 7.88% $8,296
    Barrington Bank & Trust Company, N.A. 2 6.75% $4,723
    T2 FINANCIAL LLC 2 6.94% $9,049
    SOUTHWEST FUNDING, LP 2 6.94% $13,032
    Atlantic Coast Mortgage, LLC 2 6.25% $9,975
    Ameris Bank 2 6.69% $3,492
    Integrity Home Mortgage Corp 2 5.88% $4,159
    AMERISAVE MORTGAGE CORPORATION 2 5.44% $19,369
    VERITAS FUNDING, LLC 2 6.50% $17,905
    Armed Forces Bank 2 5.75% $3,546
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.44% $7,873
    JPMorgan Chase Bank 2 5.93% $4,323
    Princeton Mortgage Corporation 2 7.00% $7,413
    Waterstone Mortgage Corporation 1 6.75% $12,239
    Alcova Mortgage LLC 1 5.50% $2,260
    AMERICAN FINANCING CORPORATION 1 5.50% $12,115
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $21,557
    BAY EQUITY LLC 1 5.99% $29,623
    BROKER SOLUTIONS, INC. 1 5.99% $13,147
    CALCON MUTUAL MORTGAGE LLC 1 5.63% $9,772
    CAPITAL CENTER, L.L.C. 1 6.25% $9,214
    CARDINAL FINANCIAL 1 5.75% $9,499
    Century Mortgage Company DBA Century Lending Company 1 6.00% $939
    Citizens Bank 1 6.50% $12,254
    ENVOY MORTGAGE, LTD 1 6.63% $7,210
    Equity Prime Mortgage LLC 1 6.50% $4,135
    EVERETT FINANCIAL, INC. 1 7.25% $12,265
    First-Citizens Bank & Trust Company 1 5.63% $10,689
    FIRST HOME MORTGAGE CORPORATION 1 6.75% $7,557
    GSF Mortgage Corporation 1 6.25% $4,404
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.63% $0
    INTERLINC MORTGAGE SERVICES, LLC 1 7.25% $14,264
    JET HOMELOANS, LLC 1 6.49% $9,965
    Lakeview Community Capital, LLC 1 6.25% $3,438
    LOANPAL, LLC 1 6.13% $17,342
    Mid-Continent Funding, Inc. 1 5.75% $22,516
    MORTGAGE ACCESS CORP. 1 5.63% $11,219
    Mortgage Assurance Inc. 1 6.25% $10,105
    MORTGAGE EQUITY PARTNERS LLC 1 6.25% $3,507
    NEW FED MORTGAGE, CORP. 1 5.75% $4,069
    Old National Bank 1 5.88% $2,675
    ON Q FINANCIAL, INC. 1 5.75% $6,345
    Paramount Residential Mortgage Group, Inc. 1 6.13% $5,394
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $3,780
    PLAZA HOME MORTGAGE, INC. 1 5.99% $14,449
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $8,907
    PULTE MORTGAGE LLC 1 4.00% $830
    RADIUS FINANCIAL GROUP INC. 1 6.63% $5,157
    Renasant Bank 1 6.13% $5,047
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.25% $4,014
    RESOURCE FINANCIAL SERVICES, INC. 1 6.88% $15,092
    ROSS MORTGAGE CORPORATION 1 6.63% $3,539
    Southern First Bank 1 6.63% $3,102
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $7,574
    The Park National Bank 1 5.75% $4,306
    TOWNE MORTGAGE COMPANY 1 5.63% $12,383
    UNION HOME MORTGAGE CORP. 1 6.50% $7,446
    United Bank 1 6.25% $9,590
    Uwharrie Bank 1 5.63% $4,345
    Victorian Finance, LLC 1 6.75% $7,328

    The top Spartanburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 136 VA loans originated. Their average total fees are $6,037, which is $1,452 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Spartanburg VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,533), FBC MORTGAGE, LLC ($4,015), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,226), NAVY FEDERAL CREDIT UNION ($4,530) and NVR Mortgage Finance, Inc. ($4,872).

    The lowest rate Spartanburg VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.31%), FBC MORTGAGE, LLC (5.32%), LOANDEPOT.COM, LLC (5.55%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.57%) and First Heritage Mortgage, LLC (5.65%).

    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.