VA Home Loans in
Myrtle Beach
VA loans make Myrtle Beach homeownership easier with $0 down, no PMI, and competitive interest rates.
VA Loans in Myrtle Beach: $0 Down for Grand Strand Veterans
Eligible Veterans, active-duty service members, and surviving spouses can purchase a home anywhere in Horry County — Myrtle Beach, North Myrtle Beach, Conway, Surfside Beach, or Murrells Inlet — with $0 down, no PMI, and no loan limit using a VA loan. Beaufort Lending has specialized in VA financing across South Carolina for over 25 years. We handle the Certificate of Eligibility, VA appraisal coordination, and condo project approval checks before you make an offer.
Why Veterans Choose VA Loans in Myrtle Beach
The Grand Strand is home to a large and growing Veterans community. Many are retirees relocating from Northern installations who have earned full VA entitlement and want to use it. Others are active-duty or family members managing a PCS relocation. In every case, the VA loan advantage is significant against a Horry County market priced near $310,000 median.
No Down Payment
Finance 100% of the purchase price on any primary residence in Horry County. No minimum contribution required, no gift fund restrictions. Full entitlement buyers can exceed the conforming limit without a down payment.
No Private Mortgage Insurance
Conventional and FHA loans charge monthly PMI or MIP when you put less than 20% down. VA loans never have PMI — saving Grand Strand buyers $150–$350/month on a typical Myrtle Beach loan.
Competitive Interest Rates
VA loans consistently carry rates at or below conventional pricing. As a broker, we access VA pricing from 20+ lenders — not just one bank's rate sheet — so you get the best available price on your Myrtle Beach mortgage.
Seller Concessions Up to 4%
VA allows sellers to contribute up to 4% of the purchase price toward closing costs, prepaid items, the VA funding fee, and even payoff of short-term debts. In the Grand Strand market, this can significantly reduce your cash to close.
VA Funding Fee Chart (2024–2025)
The VA funding fee is a one-time charge at closing that helps sustain the VA loan program. It can be financed into the loan balance. Borrowers with a verified VA funding-fee exemption are exempt from the funding fee entirely.
| VA Loan Use | Down Payment | First Use | Subsequent Use |
|---|---|---|---|
| Purchase or Construction | Under 5% | 2.15% | 3.30% |
| Purchase or Construction | 5%–9.99% | 1.50% | 1.50% |
| Purchase or Construction | 10% or more | 1.25% | 1.25% |
| Cash-Out Refinance | N/A | 2.15% | 3.30% |
| IRRRL Streamline Refi | N/A | 0.50% | 0.50% |
VA Loans & Myrtle Beach Condos: What You Need to Know
Myrtle Beach has one of the most complex condo markets in South Carolina. Many oceanfront buildings operate as condotels — units with hotel-style rental programs, front desks, and shared amenities that classify them as commercial property rather than residential condos. These are not eligible for VA financing.
Before you make an offer on a Myrtle Beach condo: We run a VA condo eligibility check against the VA's approved project list. If the complex isn't VA-approved, we can submit for project approval or pivot you to an alternative financing program — saving you from a failed purchase after going under contract.
Single-family homes, townhomes, and condos in VA-approved inland complexes are eligible and often more favorably priced than oceanfront units. Our team knows which Myrtle Beach buildings clear VA approval and which ones don't — before you waste time writing an offer.
VA IRRRL: Streamline Refinance for Myrtle Beach Homeowners
If you already own a home in Horry County with an existing VA loan, the Interest Rate Reduction Refinance Loan (IRRRL) is the fastest path to a lower rate. No appraisal required, minimal documentation, and in most cases no out-of-pocket costs. We've built a dedicated guide covering eligibility, net tangible benefit requirements, and what to expect at closing.
Already have a VA loan in the Myrtle Beach area? Our dedicated IRRRL page walks through eligibility, costs, timeline, and when a streamline refi actually makes financial sense for Grand Strand homeowners.
VA IRRRL Guide →Frequently Asked Questions: VA Loans in Myrtle Beach
Can I use a VA loan to buy a home in Myrtle Beach with no down payment?
Yes. Eligible Veterans, active-duty service members, and surviving spouses can purchase a primary residence in Myrtle Beach with $0 down. There is no loan limit for full-entitlement borrowers, no PMI, and the VA funding fee can typically be financed into the loan balance.
Are Myrtle Beach condos eligible for VA financing?
Standard condos in VA-approved projects are eligible. However, most oceanfront Myrtle Beach condos are condotels — not eligible for VA loans. Single-family homes, townhomes, and inland condos in VA-approved complexes are typically eligible. We verify approval status before you make an offer.
What VA loan benefits are available to Veterans in the Grand Strand?
Veterans in the Grand Strand can use VA loans for primary home purchases with $0 down and no PMI, VA IRRRL streamline refinances, and cash-out refinances up to 100% LTV. There is no conforming loan limit restriction for full-entitlement VA borrowers in Horry County.
How does the VA funding fee work in South Carolina?
The VA funding fee is a one-time charge at closing — 2.15% for first-time use with no down payment, 3.30% on subsequent uses. It is waived for Borrowers with a verified VA funding-fee exemption. Most borrowers finance it into the loan rather than paying out of pocket.
Get Your VA Rate Quote for Myrtle Beach
Our VA specialists will pull your Certificate of Eligibility, confirm your benefit status, and price your loan against 20+ VA lenders — so you know exactly what you can afford before you start touring homes.
Call us: (843) 524-2404