Clewiston VA Loan Rates, Closing Costs & Stats

Clewiston, 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.

    Clewiston's 25 lenders originated 43 VA loans during 2023. The total origination value was $12,685,000, with an average VA loan value of $295,000.

    Clewiston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Clewiston averaged 7.15% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Clewiston's average VA mortgage closing costs are $6,751.

    The average rate for the prior week (2024-04-12) was 6.98% and one month ago for the week of 2024-03-15, the average rate was 6.44%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Clewiston 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 Clewiston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 5 6.68% $8,324
    DHI MORTGAGE COMPANY, LTD. 5 5.97% $6,490
    CROSSCOUNTRY MORTGAGE, LLC 4 6.75% $8,555
    UNITED WHOLESALE MORTGAGE, LLC 3 6.33% $17,334
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.87% $6,617
    NAVY FEDERAL CREDIT UNION 2 5.75% $5,544
    Waterstone Mortgage Corporation 2 6.38% $13,788
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.25% $6,691
    HOMESIDE FINANCIAL, LLC 1 6.25% $7,627
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $9,376
    LOANDEPOT.COM, LLC 1 6.50% $3,347
    Mid-Continent Funding, Inc. 1 7.75% $13,613
    Mr. Cooper ( Nationstar Mortgage ) 1 7.25% $3,474
    NATIONS RELIABLE LENDING, LLC 1 5.75% $5,854
    NEW DAY FINANCIAL, LLC 1 6.75% $11,502
    NEWREZ LLC 1 6.25% $7,366
    Paramount Residential Mortgage Group, Inc. 1 6.25% $6,202
    Truist 1 6.25% $943
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $5,750
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $10,589
    CARDINAL FINANCIAL 1 5.50% $14,106
    Century Mortgage Company DBA Century Lending Company 1 7.25% $11,044
    FIRST COMMUNITY MORTGAGE, INC. 1 7.50% $6,678
    First Federal Bank 1 6.63% $7,801
    GUILD MORTGAGE COMPANY 1 6.00% $5,146

    The top Clewiston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 5 VA loans originated. Their average total fees are $8,324, which is $1,834 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Clewiston (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 $227,000 (4.5%) $326,642 (-2.4%) 0.00 98
    2018-02-01 $219,500 (-1.8%) $311,982 (-11.0%) 0.00 97
    2018-03-01 $199,900 (0.0%) $307,298 (-9.5%) 0.00 97
    2018-04-01 $222,500 (6.5%) $351,418 (3.2%) 0.00 91
    2018-05-01 $219,950 (6.1%) $356,307 (-0.8%) 0.00 83
    2018-06-01 $219,900 (12.6%) $351,600 (6.3%) 0.00 82
    2018-07-01 $199,900 (4.4%) $352,682 (15.8%) 0.00 88
    2018-08-01 $197,450 (3.7%) $309,604 (1.8%) 0.00 98
    2018-09-01 $210,000 (6.4%) $330,830 (4.3%) 0.00 95
    2018-10-01 $217,450 (13.2%) $332,645 (10.3%) 0.00 103
    2018-11-01 $210,000 (5.2%) $329,365 (6.8%) 0.00 102
    2018-12-01 $217,450 (-3.4%) $328,421 (-4.8%) 0.00 110
    2019-01-01 $205,675 (-9.4%) $338,138 (3.5%) 0.00 110
    2019-02-01 $213,675 (-2.7%) $341,059 (9.3%) 0.00 106
    2019-03-01 $226,357 (13.2%) $348,618 (13.5%) 0.00 104
    2019-04-01 $227,607 (2.3%) $355,155 (1.1%) 0.00 101
    2019-05-01 $218,750 (-0.6%) $332,285 (-6.7%) 0.00 106
    2019-06-01 $229,650 (4.4%) $352,711 (0.3%) 0.00 100
    2019-07-01 $210,000 (5.1%) $336,425 (-4.6%) 0.00 98
    2019-08-01 $209,381 (6.0%) $330,165 (6.6%) 0.00 97
    2019-09-01 $223,454 (6.4%) $337,167 (1.9%) 0.00 96
    2019-10-01 $232,836 (7.1%) $341,835 (2.8%) 0.00 97
    2019-11-01 $236,700 (12.7%) $346,323 (5.2%) 0.00 95
    2019-12-01 $243,975 (12.2%) $341,989 (4.1%) 0.00 97
    2020-01-01 $236,225 (14.9%) $348,707 (3.1%) 0.00 98
    2020-02-01 $219,900 (2.9%) $336,327 (-1.4%) 0.00 115
    2020-03-01 $222,450 (-1.7%) $340,094 (-2.4%) 0.00 117
    2020-04-01 $224,950 (-1.2%) $357,473 (0.7%) 0.00 109
    2020-05-01 $224,950 (2.8%) $336,936 (1.4%) 0.00 101
    2020-06-01 $225,000 (-2.0%) $358,340 (1.6%) 0.00 93
    2020-07-01 $255,000 (21.4%) $348,272 (3.5%) 0.00 80
    2020-08-01 $236,200 (12.8%) $364,478 (10.4%) 0.00 80
    2020-09-01 $244,900 (9.6%) $373,884 (10.9%) 0.00 85
    2020-10-01 $255,730 (9.8%) $383,168 (12.1%) 0.00 76
    2020-11-01 $249,925 (5.6%) $410,736 (18.6%) 0.00 74
    2020-12-01 $250,000 (2.5%) $434,821 (27.1%) 0.00 69
    2021-01-01 $249,950 (5.8%) $446,340 (28.0%) 0.00 68
    2021-02-01 $247,475 (12.5%) $452,062 (34.4%) 0.00 67
    2021-03-01 $251,175 (12.9%) $465,895 (37.0%) 0.00 68
    2021-04-01 $266,000 (18.3%) $483,288 (35.2%) 0.00 60
    2021-05-01 $279,500 (24.3%) $490,152 (45.5%) 0.00 59
    2021-06-01 $281,450 (25.1%) $512,717 (43.1%) 0.00 49
    2021-07-01 $290,000 (13.7%) $453,611 (30.3%) 0.00 59
    2021-08-01 $313,350 (32.7%) $494,910 (35.8%) 0.00 71
    2021-09-01 $327,000 (33.5%) $511,579 (36.8%) 0.00 75
    2021-10-01 $300,000 (17.3%) $478,921 (25.0%) 0.00 89
    2021-11-01 $314,750 (25.9%) $458,306 (11.6%) 0.00 91
    2021-12-01 $311,250 (24.5%) $457,002 (5.1%) 0.00 97
    2022-01-01 $290,000 (16.0%) $467,989 (4.9%) 0.00 94
    2022-02-01 $314,000 (26.9%) $543,050 (20.1%) 0.00 77
    2022-03-01 $300,005 (19.4%) $562,257 (20.7%) 0.00 68
    2022-04-01 $349,000 (31.2%) $504,420 (4.4%) 0.00 72
    2022-05-01 $350,000 (25.2%) $517,655 (5.6%) 0.00 66
    2022-06-01 $341,000 (21.2%) $489,701 (-4.5%) 0.00 86
    2022-07-01 $354,950 (22.4%) $513,698 (13.3%) 0.00 105
    2022-08-01 $359,700 (14.8%) $516,614 (4.4%) 0.00 129
    2022-09-01 $349,500 (6.9%) $466,478 (-8.8%) 0.00 150
    2022-10-01 $349,900 (16.6%) $446,215 (-6.8%) 0.00 159
    2022-11-01 $346,725 (10.2%) $448,087 (-2.2%) 0.00 156
    2022-12-01 $349,750 (12.4%) $442,231 (-3.2%) 0.00 155
    2023-01-01 $341,425 (17.7%) $419,630 (-10.3%) 0.00 167
    2023-02-01 $339,900 (8.3%) $399,701 (-26.4%) 0.00 199
    2023-03-01 $339,900 (13.3%) $401,446 (-28.6%) 0.00 205
    2023-04-01 $342,450 (-1.9%) $419,432 (-16.9%) 0.00 161
    2023-05-01 $349,900 (0.0%) $456,905 (-11.7%) 0.00 150
    2023-06-01 $349,900 (2.6%) $502,965 (2.7%) 0.00 161
    2023-07-01 $350,000 (-1.4%) $499,459 (-2.8%) 0.00 160
    2023-08-01 $358,975 (-0.2%) $513,315 (-0.6%) 0.00 163
    2023-09-01 $354,900 (1.6%) $497,193 (6.6%) 0.00 169
    2023-10-01 $351,675 (0.5%) $498,744 (11.8%) 0.00 184
    2023-11-01 $350,825 (1.2%) $485,722 (8.4%) 0.00 200
    2023-12-01 $349,900 (0.0%) $472,637 (6.9%) 0.00 203
    2024-01-01 $349,900 (2.5%) $479,353 (14.2%) 0.00 220
    2024-02-01 $344,925 (1.5%) $465,929 (16.6%) 0.00 234
    2024-03-01 $349,000 (2.7%) $474,653 (18.2%) 0.00 227
    Clewiston's median listing price for 2024-03-01 was $349,000, a difference of $9,100 (2.7%) versus the prior year and $4,075 versus the prior month.

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

    Clewiston's average listing price for 2024-03-01 was $474,653, a difference of $73,207 (18.2%) versus the prior year and $8,724 versus the prior month.

    For the 2024-03-01 period, Clewiston had 227 MLS listings, a difference of -7 listings (-3%) versus the prior month and 22 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Clewiston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,942 sqft
    2018-02-01 0 days 1,884 sqft
    2018-03-01 0 days 1,757 sqft
    2018-04-01 0 days 1,914 sqft
    2018-05-01 0 days 1,877 sqft
    2018-06-01 0 days 1,768 sqft
    2018-07-01 0 days 1,748 sqft
    2018-08-01 0 days 1,679 sqft
    2018-09-01 0 days 1,779 sqft
    2018-10-01 0 days 1,809 sqft
    2018-11-01 0 days 1,823 sqft
    2018-12-01 0 days 1,828 sqft
    2019-01-01 0 days 1,759 sqft
    2019-02-01 0 days 1,710 sqft
    2019-03-01 0 days 1,702 sqft
    2019-04-01 0 days 1,643 sqft
    2019-05-01 0 days 1,582 sqft
    2019-06-01 0 days 1,614 sqft
    2019-07-01 0 days 1,602 sqft
    2019-08-01 0 days 1,570 sqft
    2019-09-01 0 days 1,568 sqft
    2019-10-01 0 days 1,569 sqft
    2019-11-01 0 days 1,604 sqft
    2019-12-01 0 days 1,697 sqft
    2020-01-01 0 days 1,601 sqft
    2020-02-01 0 days 1,586 sqft
    2020-03-01 0 days 1,602 sqft
    2020-04-01 0 days 1,707 sqft
    2020-05-01 0 days 1,669 sqft
    2020-06-01 0 days 1,714 sqft
    2020-07-01 0 days 1,746 sqft
    2020-08-01 0 days 1,739 sqft
    2020-09-01 0 days 1,713 sqft
    2020-10-01 0 days 1,739 sqft
    2020-11-01 0 days 1,723 sqft
    2020-12-01 0 days 1,723 sqft
    2021-01-01 0 days 1,665 sqft
    2021-02-01 0 days 1,640 sqft
    2021-03-01 0 days 1,608 sqft
    2021-04-01 0 days 1,588 sqft
    2021-05-01 0 days 1,593 sqft
    2021-06-01 0 days 1,574 sqft
    2021-07-01 0 days 1,535 sqft
    2021-08-01 0 days 1,581 sqft
    2021-09-01 0 days 1,609 sqft
    2021-10-01 0 days 1,546 sqft
    2021-11-01 0 days 1,588 sqft
    2021-12-01 0 days 1,535 sqft
    2022-01-01 0 days 1,440 sqft
    2022-02-01 0 days 1,486 sqft
    2022-03-01 0 days 1,509 sqft
    2022-04-01 0 days 1,535 sqft
    2022-05-01 0 days 1,495 sqft
    2022-06-01 0 days 1,529 sqft
    2022-07-01 0 days 1,573 sqft
    2022-08-01 0 days 1,602 sqft
    2022-09-01 0 days 1,591 sqft
    2022-10-01 0 days 1,600 sqft
    2022-11-01 0 days 1,589 sqft
    2022-12-01 0 days 1,546 sqft
    2023-01-01 0 days 1,536 sqft
    2023-02-01 0 days 1,540 sqft
    2023-03-01 0 days 1,543 sqft
    2023-04-01 0 days 1,550 sqft
    2023-05-01 0 days 1,659 sqft
    2023-06-01 0 days 1,565 sqft
    2023-07-01 0 days 1,598 sqft
    2023-08-01 0 days 1,623 sqft
    2023-09-01 0 days 1,620 sqft
    2023-10-01 0 days 1,622 sqft
    2023-11-01 0 days 1,639 sqft
    2023-12-01 0 days 1,631 sqft
    2024-01-01 0 days 1,639 sqft
    2024-02-01 0 days 1,623 sqft
    2024-03-01 0 days 1,641 sqft
    Clewiston's median listing age (time on market) for 2024-03-01 was 0 days.

    Clewiston's median square footage for active listings during the 2024-03-01 period was 1,641 sqft. One year prior, the average listing was 1,543 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.