Brevard VA Loan Rates, Closing Costs & Stats

Brevard, NC

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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.

    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 6.28% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.32% and one month ago for the week of 2024-11-08, the average rate was 6.31%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.08%.

    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
    2024-11-01 $679,000 (4.5%) $1,206,451 (24.8%) 0.00 190
    Brevard's median listing price for 2024-11-01 was $679,000, a difference of $29,050 (4.5%) versus the prior year and $-9,500 versus the prior month.

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

    Brevard's average listing price for 2024-11-01 was $1,206,451, a difference of $239,456 (24.8%) versus the prior year and $-43,500 versus the prior month.

    For the 2024-11-01 period, Brevard had 190 MLS listings, a difference of -3 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
    2024-11-01 0 days 2,063 sqft
    Brevard's median listing age (time on market) for 2024-11-01 was 0 days.

    Brevard's median square footage for active listings during the 2024-11-01 period was 2,063 sqft. One year prior, the average listing was 2,119 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.