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%.
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. LouisDate | 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 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. LouisDate | 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 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.