Arcadia VA Loan Rates, Closing Costs & Stats

Arcadia, FL

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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.

    Arcadia's 13 lenders originated 22 VA loans during 2023. The total origination value was $6,820,000, with an average VA loan value of $310,000.

    Arcadia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Arcadia averaged 7.14% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Arcadia's average VA mortgage closing costs are $6,623.

    The average rate for the prior week (2024-04-12) was 6.67% and one month ago for the week of 2024-03-15, the average rate was 6.63%.

    The average rate one year ago was 6.32%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Arcadia 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 Arcadia level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 4 6.65% $5,663
    UNITED WHOLESALE MORTGAGE, LLC 3 6.50% $3,762
    CROSSCOUNTRY MORTGAGE, LLC 2 7.16% $5,478
    FREEDOM MORTGAGE CORPORATION 2 6.81% $8,505
    QUICKEN LOANS, LLC 2 5.99% $8,615
    GUARANTEED RATE AFFINITY, LLC 1 5.65% $6,710
    MOVEMENT MORTGAGE, LLC 1 7.75% $19,715
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $18,806
    NAVY FEDERAL CREDIT UNION 1 6.38% $11,788
    NTFN, INC. 1 6.75% $9,469
    GENEVA FINANCIAL, LLC 1 6.25% $7,403
    SFMC, LP 1 6.75% $25,148
    LOANDEPOT.COM, LLC 1 5.50% $9,739

    The top Arcadia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4 VA loans originated. Their average total fees are $5,663, which is $1,901 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Arcadia VA lenders (with over 10 loans originated) are .

    The lowest rate Arcadia VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Arcadia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $249,475 (7.5%) $402,415 (7.6%) 0.00 93
    2018-02-01 $249,900 (10.7%) $425,661 (20.8%) 0.00 96
    2018-03-01 $249,900 (10.6%) $422,835 (11.3%) 0.00 93
    2018-04-01 $240,875 (5.2%) $409,332 (4.7%) 0.00 93
    2018-05-01 $236,000 (-0.8%) $395,182 (-11.5%) 0.00 106
    2018-06-01 $229,000 (-6.0%) $386,552 (-13.7%) 0.00 105
    2018-07-01 $239,950 (4.7%) $445,255 (-6.1%) 0.00 94
    2018-08-01 $239,600 (0.5%) $524,228 (5.8%) 0.00 90
    2018-09-01 $239,700 (4.4%) $526,935 (12.3%) 0.00 90
    2018-10-01 $239,900 (2.5%) $450,558 (9.9%) 0.00 112
    2018-11-01 $239,675 (-2.2%) $429,468 (-7.3%) 0.00 118
    2018-12-01 $229,000 (-7.3%) $412,169 (-9.5%) 0.00 128
    2019-01-01 $227,000 (-9.0%) $403,161 (0.2%) 0.00 133
    2019-02-01 $224,925 (-10.0%) $393,633 (-7.5%) 0.00 142
    2019-03-01 $216,679 (-13.3%) $395,885 (-6.4%) 0.00 137
    2019-04-01 $212,729 (-11.7%) $401,934 (-1.8%) 0.00 131
    2019-05-01 $217,400 (-7.9%) $405,195 (2.5%) 0.00 126
    2019-06-01 $230,000 (0.4%) $452,249 (17.0%) 0.00 119
    2019-07-01 $230,000 (-4.2%) $429,868 (-3.5%) 0.00 105
    2019-08-01 $231,909 (-3.2%) $425,531 (-18.8%) 0.00 99
    2019-09-01 $234,773 (-2.1%) $420,574 (-20.2%) 0.00 95
    2019-10-01 $236,682 (-1.3%) $417,270 (-7.4%) 0.00 96
    2019-11-01 $248,500 (3.7%) $418,025 (-2.7%) 0.00 113
    2019-12-01 $251,625 (9.9%) $419,004 (1.7%) 0.00 114
    2020-01-01 $270,725 (19.3%) $438,439 (8.8%) 0.00 107
    2020-02-01 $282,400 (25.6%) $414,736 (5.4%) 0.00 101
    2020-03-01 $284,450 (31.3%) $398,030 (0.5%) 0.00 110
    2020-04-01 $272,450 (28.1%) $387,668 (-3.6%) 0.00 104
    2020-05-01 $286,000 (31.6%) $387,554 (-4.4%) 0.00 94
    2020-06-01 $282,000 (22.6%) $451,670 (-0.1%) 0.00 91
    2020-07-01 $277,450 (20.6%) $449,321 (4.5%) 0.00 89
    2020-08-01 $277,000 (19.4%) $449,798 (5.7%) 0.00 79
    2020-09-01 $252,225 (7.4%) $382,747 (-9.0%) 0.00 72
    2020-10-01 $249,000 (5.2%) $381,724 (-8.5%) 0.00 71
    2020-11-01 $233,975 (-5.9%) $405,091 (-3.1%) 0.00 62
    2020-12-01 $242,450 (-3.7%) $395,846 (-5.5%) 0.00 60
    2021-01-01 $252,400 (-6.8%) $413,867 (-5.6%) 0.00 50
    2021-02-01 $289,000 (2.3%) $473,764 (14.2%) 0.00 48
    2021-03-01 $293,750 (3.3%) $550,615 (38.3%) 0.00 45
    2021-04-01 $284,000 (4.2%) $502,677 (29.7%) 0.00 43
    2021-05-01 $285,000 (-0.4%) $435,423 (12.4%) 0.00 46
    2021-06-01 $279,250 (-1.0%) $423,950 (-6.1%) 0.00 51
    2021-07-01 $259,900 (-6.3%) $357,514 (-20.4%) 0.00 48
    2021-08-01 $314,269 (13.5%) $411,615 (-8.5%) 0.00 51
    2021-09-01 $284,950 (13.0%) $378,529 (-1.1%) 0.00 51
    2021-10-01 $285,000 (14.5%) $382,282 (0.2%) 0.00 55
    2021-11-01 $336,475 (43.8%) $409,736 (1.2%) 0.00 50
    2021-12-01 $331,950 (36.9%) $409,263 (3.4%) 0.00 58
    2022-01-01 $339,000 (34.3%) $411,888 (-0.5%) 0.00 52
    2022-02-01 $336,750 (16.5%) $379,609 (-19.9%) 0.00 43
    2022-03-01 $337,250 (14.8%) $422,589 (-23.3%) 0.00 42
    2022-04-01 $349,500 (23.1%) $476,633 (-5.2%) 0.00 49
    2022-05-01 $393,750 (38.2%) $492,799 (13.2%) 0.00 54
    2022-06-01 $408,603 (46.3%) $509,112 (20.1%) 0.00 61
    2022-07-01 $472,450 (81.8%) $542,318 (51.7%) 0.00 71
    2022-08-01 $454,350 (44.6%) $516,492 (25.5%) 0.00 80
    2022-09-01 $455,500 (59.9%) $537,694 (42.1%) 0.00 80
    2022-10-01 $439,000 (54.0%) $532,903 (39.4%) 0.00 73
    2022-11-01 $437,000 (29.9%) $512,709 (25.1%) 0.00 68
    2022-12-01 $425,000 (28.0%) $532,604 (30.1%) 0.00 64
    2023-01-01 $399,450 (17.8%) $525,260 (27.5%) 0.00 64
    2023-02-01 $397,400 (18.0%) $522,684 (37.7%) 0.00 70
    2023-03-01 $399,825 (18.6%) $510,232 (20.7%) 0.00 74
    2023-04-01 $395,000 (13.0%) $472,366 (-0.9%) 0.00 84
    2023-05-01 $395,750 (0.5%) $457,704 (-7.1%) 0.00 79
    2023-06-01 $386,250 (-5.5%) $461,676 (-9.3%) 0.00 84
    2023-07-01 $390,000 (-17.5%) $497,601 (-8.3%) 0.00 92
    2023-08-01 $366,975 (-19.2%) $492,470 (-4.7%) 0.00 93
    2023-09-01 $349,000 (-23.4%) $469,687 (-12.7%) 0.00 97
    2023-10-01 $374,950 (-14.6%) $481,612 (-9.6%) 0.00 96
    2023-11-01 $382,500 (-12.5%) $480,264 (-6.3%) 0.00 117
    2023-12-01 $385,000 (-9.4%) $484,391 (-9.1%) 0.00 129
    2024-01-01 $378,700 (-5.2%) $487,453 (-7.2%) 0.00 127
    2024-02-01 $341,000 (-14.2%) $426,127 (-18.5%) 0.00 135
    2024-03-01 $343,000 (-14.2%) $446,819 (-12.4%) 0.00 135
    Arcadia's median listing price for 2024-03-01 was $343,000, a difference of $-56,825 (-14.2%) versus the prior year and $2,000 versus the prior month.

    Arcadia's median listing price comes in at 0% of the national average.

    Arcadia's average listing price for 2024-03-01 was $446,819, a difference of $-63,413 (-12.4%) versus the prior year and $20,692 versus the prior month.

    For the 2024-03-01 period, Arcadia had 135 MLS listings, a difference of 0 listings (0%) versus the prior month and 61 listings (82%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Arcadia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,955 sqft
    2018-02-01 0 days 1,931 sqft
    2018-03-01 0 days 1,980 sqft
    2018-04-01 0 days 1,876 sqft
    2018-05-01 0 days 1,721 sqft
    2018-06-01 0 days 1,839 sqft
    2018-07-01 0 days 1,923 sqft
    2018-08-01 0 days 1,948 sqft
    2018-09-01 0 days 1,897 sqft
    2018-10-01 0 days 1,854 sqft
    2018-11-01 0 days 1,749 sqft
    2018-12-01 0 days 1,612 sqft
    2019-01-01 0 days 1,615 sqft
    2019-02-01 0 days 1,610 sqft
    2019-03-01 0 days 1,590 sqft
    2019-04-01 0 days 1,571 sqft
    2019-05-01 0 days 1,657 sqft
    2019-06-01 0 days 1,803 sqft
    2019-07-01 0 days 1,746 sqft
    2019-08-01 0 days 1,723 sqft
    2019-09-01 0 days 1,721 sqft
    2019-10-01 0 days 1,721 sqft
    2019-11-01 0 days 1,760 sqft
    2019-12-01 0 days 1,763 sqft
    2020-01-01 0 days 1,854 sqft
    2020-02-01 0 days 1,864 sqft
    2020-03-01 0 days 1,909 sqft
    2020-04-01 0 days 1,838 sqft
    2020-05-01 0 days 1,811 sqft
    2020-06-01 0 days 1,811 sqft
    2020-07-01 0 days 1,755 sqft
    2020-08-01 0 days 1,801 sqft
    2020-09-01 0 days 1,645 sqft
    2020-10-01 0 days 1,691 sqft
    2020-11-01 0 days 1,739 sqft
    2020-12-01 0 days 1,726 sqft
    2021-01-01 0 days 1,666 sqft
    2021-02-01 0 days 1,729 sqft
    2021-03-01 0 days 1,879 sqft
    2021-04-01 0 days 1,723 sqft
    2021-05-01 0 days 1,714 sqft
    2021-06-01 0 days 1,777 sqft
    2021-07-01 0 days 1,683 sqft
    2021-08-01 0 days 1,809 sqft
    2021-09-01 0 days 1,757 sqft
    2021-10-01 0 days 1,562 sqft
    2021-11-01 0 days 1,638 sqft
    2021-12-01 0 days 1,635 sqft
    2022-01-01 0 days 1,455 sqft
    2022-02-01 0 days 1,528 sqft
    2022-03-01 0 days 1,654 sqft
    2022-04-01 0 days 1,683 sqft
    2022-05-01 0 days 1,720 sqft
    2022-06-01 0 days 1,765 sqft
    2022-07-01 0 days 1,905 sqft
    2022-08-01 0 days 1,874 sqft
    2022-09-01 0 days 1,808 sqft
    2022-10-01 0 days 1,778 sqft
    2022-11-01 0 days 1,687 sqft
    2022-12-01 0 days 1,660 sqft
    2023-01-01 0 days 1,656 sqft
    2023-02-01 0 days 1,563 sqft
    2023-03-01 0 days 1,558 sqft
    2023-04-01 0 days 1,512 sqft
    2023-05-01 0 days 1,675 sqft
    2023-06-01 0 days 1,680 sqft
    2023-07-01 0 days 1,606 sqft
    2023-08-01 0 days 1,573 sqft
    2023-09-01 0 days 1,506 sqft
    2023-10-01 0 days 1,521 sqft
    2023-11-01 0 days 1,483 sqft
    2023-12-01 0 days 1,464 sqft
    2024-01-01 0 days 1,441 sqft
    2024-02-01 0 days 1,366 sqft
    2024-03-01 0 days 1,396 sqft
    Arcadia's median listing age (time on market) for 2024-03-01 was 0 days.

    Arcadia's median square footage for active listings during the 2024-03-01 period was 1,396 sqft. One year prior, the average listing was 1,558 sqft.

    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.