Clewiston VA Loan Rates, Closing Costs & Stats

Clewiston, FL

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 20 lenders originated 51 VA loans during 2024. The total origination value was $16,135,000, with an average VA loan value of $316,373.

Clewiston VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Clewiston averaged 0.35% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

Clewiston's average VA mortgage closing costs are $6,983.

The average rate for the prior week (2025-06-27) was 6.58% and one month ago for the week of 2025-05-30, the average rate was 7.01%.

The average rate one year ago was 6.62%.

For refis of the same type during the week of 2025-07-04, the average rate was 0%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 9 6.29% $9,578
UNITED WHOLESALE MORTGAGE, LLC 7 5.89% $8,706
CROSSCOUNTRY MORTGAGE, LLC 4 6.88% $8,676
FREEDOM MORTGAGE CORPORATION 3 5.75% $4,096
DHI MORTGAGE COMPANY, LTD. 3 6.21% $3,058
QUICKEN LOANS, LLC 3 6.21% $5,019
NEWREZ LLC 3 6.08% $4,818
LOANDEPOT.COM, LLC 3 5.96% $8,160
AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.79% $8,876
Plains Commerce Bank 2 6.19% $8,216
USAA Federal Savings Bank 1 5.50% $5,593
Barrington Bank & Trust Company, N.A. 1 6.25% $13,080
CALCON MUTUAL MORTGAGE LLC 1 6.50% $5,489
CMG MORTGAGE, INC. 1 6.75% $13,493
Equity Prime Mortgage LLC 1 5.88% $7,124
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.75% $17,838
Lakeview Community Capital, LLC 1 5.75% $5,171
METROPLEX MORTGAGE SERVICES, INC. 1 7.63% $8,985
NEW DAY FINANCIAL, LLC 1 7.38% $11,343
Alcova Mortgage LLC 1 5.75% $6,949

The top Clewiston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $9,578, which is $871 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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

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.