Brevard VA Loan Rates, Closing Costs & Stats

Brevard, NC

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.

Brevard's 14 lenders originated 25 VA loans during 2023. The total origination value was $8,735,000, with an average VA loan value of $349,400.

Brevard VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Brevard averaged -0.1% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Brevard's average VA mortgage closing costs are $6,226.

The average rate for the prior week (2024-11-22) was 6.67% and one month ago for the week of 2024-10-25, the average rate was 6.47%.

The average rate one year ago was 6.91%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.2%.

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

Brevard 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 Brevard level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 5 6.00% $8,314
Mortgage Research Center, LLC 3 6.71% $9,683
UNITED WHOLESALE MORTGAGE, LLC 2 6.31% $23,522
GUARANTEED RATE, INC. 2 6.75% $10,364
FREEDOM MORTGAGE CORPORATION 1 6.75% $13,082
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $4,309
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.50% $6,773
Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $15,872
The Central Trust Bank 1 5.00% $4,052
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.75% $3,842
USAA Federal Savings Bank 1 6.13% $6,411
BROKER SOLUTIONS, INC. 1 7.25% $8,282
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.38% $9,440
FIRST COMMUNITY MORTGAGE, INC. 1 5.25% $7,932

The top Brevard VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 5 VA loans originated. Their average total fees are $8,314, which is $1,370 lower than the next largest lender, Mortgage Research Center, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Brevard (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 $379,225 (1.1%) $553,424 (-11.7%) 0.00 477
2018-02-01 $372,475 (-0.7%) $551,865 (-10.9%) 0.00 461
2018-03-01 $375,000 (1.0%) $565,005 (-8.1%) 0.00 462
2018-04-01 $374,950 (0.0%) $552,403 (-8.8%) 0.00 467
2018-05-01 $384,450 (2.5%) $559,488 (-7.6%) 0.00 480
2018-06-01 $399,000 (4.1%) $563,884 (-5.5%) 0.00 454
2018-07-01 $399,000 (1.8%) $561,436 (-5.4%) 0.00 475
2018-08-01 $399,900 (0.0%) $575,176 (-3.7%) 0.00 464
2018-09-01 $399,900 (0.0%) $570,906 (-4.6%) 0.00 469
2018-10-01 $399,900 (0.0%) $573,774 (-2.7%) 0.00 471
2018-11-01 $405,475 (1.5%) $575,686 (-1.6%) 0.00 451
2018-12-01 $419,450 (4.9%) $594,128 (0.7%) 0.00 424
2019-01-01 $425,000 (12.1%) $607,947 (9.9%) 0.00 371
2019-02-01 $430,000 (15.4%) $637,451 (15.5%) 0.00 366
2019-03-01 $435,857 (16.2%) $636,713 (12.7%) 0.00 375
2019-04-01 $447,357 (19.3%) $635,846 (15.1%) 0.00 389
2019-05-01 $429,875 (11.8%) $623,398 (11.4%) 0.00 425
2019-06-01 $439,000 (10.0%) $627,962 (11.4%) 0.00 442
2019-07-01 $449,500 (12.7%) $651,773 (16.1%) 0.00 442
2019-08-01 $445,909 (11.5%) $682,560 (18.7%) 0.00 470
2019-09-01 $439,773 (10.0%) $683,324 (19.7%) 0.00 458
2019-10-01 $435,682 (9.0%) $683,834 (19.2%) 0.00 445
2019-11-01 $425,000 (4.8%) $681,717 (18.4%) 0.00 407
2019-12-01 $425,000 (1.3%) $689,264 (16.0%) 0.00 370
2020-01-01 $426,000 (0.2%) $684,132 (12.5%) 0.00 340
2020-02-01 $426,000 (-0.9%) $676,253 (6.1%) 0.00 339
2020-03-01 $442,250 (1.5%) $685,191 (7.6%) 0.00 329
2020-04-01 $449,250 (0.4%) $682,397 (7.3%) 0.00 335
2020-05-01 $475,000 (10.5%) $691,754 (11.0%) 0.00 329
2020-06-01 $486,750 (10.9%) $716,502 (14.1%) 0.00 309
2020-07-01 $502,500 (11.8%) $742,887 (14.0%) 0.00 271
2020-08-01 $505,000 (13.3%) $738,616 (8.2%) 0.00 234
2020-09-01 $497,475 (13.1%) $735,820 (7.7%) 0.00 202
2020-10-01 $492,800 (13.1%) $747,116 (9.3%) 0.00 193
2020-11-01 $462,450 (8.8%) $713,059 (4.6%) 0.00 170
2020-12-01 $482,500 (13.5%) $742,459 (7.7%) 0.00 151
2021-01-01 $492,000 (15.5%) $773,261 (13.0%) 0.00 130
2021-02-01 $579,500 (36.0%) $864,027 (27.8%) 0.00 104
2021-03-01 $599,000 (35.4%) $878,855 (28.3%) 0.00 103
2021-04-01 $599,000 (33.3%) $946,815 (38.8%) 0.00 104
2021-05-01 $650,000 (36.8%) $1,090,843 (57.7%) 0.00 107
2021-06-01 $620,000 (27.4%) $988,529 (38.0%) 0.00 112
2021-07-01 $584,999 (16.4%) $925,398 (24.6%) 0.00 110
2021-08-01 $498,500 (-1.3%) $876,562 (18.7%) 0.00 108
2021-09-01 $626,000 (25.8%) $909,716 (23.6%) 0.00 106
2021-10-01 $650,000 (31.9%) $982,712 (31.5%) 0.00 109
2021-11-01 $744,388 (61.0%) $950,810 (33.3%) 0.00 110
2021-12-01 $749,000 (55.2%) $981,616 (32.2%) 0.00 93
2022-01-01 $795,000 (61.6%) $1,119,911 (44.8%) 0.00 79
2022-02-01 $737,400 (27.3%) $1,092,298 (26.4%) 0.00 73
2022-03-01 $745,000 (24.4%) $1,074,320 (22.2%) 0.00 72
2022-04-01 $649,000 (8.4%) $989,630 (4.5%) 0.00 79
2022-05-01 $603,675 (-7.1%) $927,764 (-15.0%) 0.00 95
2022-06-01 $632,450 (2.0%) $858,423 (-13.2%) 0.00 115
2022-07-01 $614,950 (5.1%) $837,671 (-9.5%) 0.00 144
2022-08-01 $597,200 (19.8%) $797,360 (-9.0%) 0.00 142
2022-09-01 $585,950 (-6.4%) $766,001 (-15.8%) 0.00 145
2022-10-01 $600,000 (-7.7%) $785,986 (-20.0%) 0.00 141
2022-11-01 $575,000 (-22.8%) $756,974 (-20.4%) 0.00 133
2022-12-01 $599,000 (-20.0%) $815,154 (-17.0%) 0.00 131
2023-01-01 $593,250 (-25.4%) $870,093 (-22.3%) 0.00 103
2023-02-01 $562,225 (-23.8%) $850,347 (-22.2%) 0.00 94
2023-03-01 $595,750 (-20.0%) $819,775 (-23.7%) 0.00 99
2023-04-01 $620,000 (-4.5%) $876,060 (-11.5%) 0.00 116
2023-05-01 $625,000 (3.5%) $916,037 (-1.3%) 0.00 126
2023-06-01 $642,250 (1.6%) $1,015,157 (18.3%) 0.00 122
2023-07-01 $650,000 (5.7%) $967,969 (15.6%) 0.00 138
2023-08-01 $664,000 (11.2%) $954,747 (19.7%) 0.00 149
2023-09-01 $661,500 (12.9%) $991,758 (29.5%) 0.00 149
2023-10-01 $626,225 (4.4%) $944,253 (20.1%) 0.00 179
2023-11-01 $649,950 (13.0%) $966,995 (27.7%) 0.00 176
2023-12-01 $650,000 (8.5%) $917,106 (12.5%) 0.00 144
2024-01-01 $675,000 (13.8%) $897,459 (3.2%) 0.00 124
2024-02-01 $685,000 (21.8%) $972,469 (14.4%) 0.00 105
2024-03-01 $665,000 (11.6%) $981,220 (19.7%) 0.00 124
2024-04-01 $692,000 (11.6%) $1,097,013 (25.2%) 0.00 142
2024-05-01 $690,500 (10.5%) $1,089,014 (18.9%) 0.00 163
2024-06-01 $695,000 (8.2%) $1,206,045 (18.8%) 0.00 182
2024-07-01 $686,250 (5.6%) $1,237,596 (27.9%) 0.00 189
2024-08-01 $675,000 (1.7%) $1,251,406 (31.1%) 0.00 198
2024-09-01 $685,750 (3.7%) $1,215,279 (22.5%) 0.00 197
2024-10-01 $688,500 (9.9%) $1,249,951 (32.4%) 0.00 193
Brevard's median listing price for 2024-10-01 was $688,500, a difference of $62,275 (9.9%) versus the prior year and $2,750 versus the prior month.

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

Brevard's average listing price for 2024-10-01 was $1,249,951, a difference of $305,698 (32.4%) versus the prior year and $34,672 versus the prior month.

For the 2024-10-01 period, Brevard had 193 MLS listings, a difference of -4 listings (-2%) versus the prior month and 14 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Brevard (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,250 sqft
2018-02-01 0 days 2,250 sqft
2018-03-01 0 days 2,250 sqft
2018-04-01 0 days 2,244 sqft
2018-05-01 0 days 2,250 sqft
2018-06-01 0 days 2,250 sqft
2018-07-01 0 days 2,250 sqft
2018-08-01 0 days 2,250 sqft
2018-09-01 0 days 2,250 sqft
2018-10-01 0 days 2,250 sqft
2018-11-01 0 days 2,250 sqft
2018-12-01 0 days 2,250 sqft
2019-01-01 0 days 2,250 sqft
2019-02-01 0 days 2,290 sqft
2019-03-01 0 days 2,312 sqft
2019-04-01 0 days 2,325 sqft
2019-05-01 0 days 2,304 sqft
2019-06-01 0 days 2,355 sqft
2019-07-01 0 days 2,357 sqft
2019-08-01 0 days 2,356 sqft
2019-09-01 0 days 2,356 sqft
2019-10-01 0 days 2,356 sqft
2019-11-01 0 days 2,339 sqft
2019-12-01 0 days 2,298 sqft
2020-01-01 0 days 2,269 sqft
2020-02-01 0 days 2,250 sqft
2020-03-01 0 days 2,295 sqft
2020-04-01 0 days 2,356 sqft
2020-05-01 0 days 2,460 sqft
2020-06-01 0 days 2,540 sqft
2020-07-01 0 days 2,575 sqft
2020-08-01 0 days 2,544 sqft
2020-09-01 0 days 2,352 sqft
2020-10-01 0 days 2,248 sqft
2020-11-01 0 days 2,115 sqft
2020-12-01 0 days 2,174 sqft
2021-01-01 0 days 2,180 sqft
2021-02-01 0 days 2,371 sqft
2021-03-01 0 days 2,616 sqft
2021-04-01 0 days 2,204 sqft
2021-05-01 0 days 2,252 sqft
2021-06-01 0 days 2,252 sqft
2021-07-01 0 days 2,223 sqft
2021-08-01 0 days 2,086 sqft
2021-09-01 0 days 2,430 sqft
2021-10-01 0 days 2,368 sqft
2021-11-01 0 days 2,364 sqft
2021-12-01 0 days 2,350 sqft
2022-01-01 0 days 2,400 sqft
2022-02-01 0 days 2,289 sqft
2022-03-01 0 days 2,051 sqft
2022-04-01 0 days 2,060 sqft
2022-05-01 0 days 2,069 sqft
2022-06-01 0 days 2,041 sqft
2022-07-01 0 days 2,132 sqft
2022-08-01 0 days 2,064 sqft
2022-09-01 0 days 2,067 sqft
2022-10-01 0 days 2,190 sqft
2022-11-01 0 days 2,139 sqft
2022-12-01 0 days 2,262 sqft
2023-01-01 0 days 2,226 sqft
2023-02-01 0 days 2,006 sqft
2023-03-01 0 days 2,111 sqft
2023-04-01 0 days 2,180 sqft
2023-05-01 0 days 2,160 sqft
2023-06-01 0 days 2,294 sqft
2023-07-01 0 days 2,255 sqft
2023-08-01 0 days 2,290 sqft
2023-09-01 0 days 2,342 sqft
2023-10-01 0 days 2,188 sqft
2023-11-01 0 days 2,119 sqft
2023-12-01 0 days 2,058 sqft
2024-01-01 0 days 2,055 sqft
2024-02-01 0 days 2,019 sqft
2024-03-01 0 days 2,068 sqft
2024-04-01 0 days 2,048 sqft
2024-05-01 0 days 2,106 sqft
2024-06-01 0 days 2,064 sqft
2024-07-01 0 days 2,139 sqft
2024-08-01 0 days 2,141 sqft
2024-09-01 0 days 2,135 sqft
2024-10-01 0 days 2,118 sqft
Brevard's median listing age (time on market) for 2024-10-01 was 0 days.

Brevard's median square footage for active listings during the 2024-10-01 period was 2,118 sqft. One year prior, the average listing was 2,188 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.