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 32 lenders originated 58 VA loans during 2021. The total origination value was $14,970,000, with an average VA loan value of $258,103.

    Clewiston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Clewiston averaged 6.69% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

    Clewiston's average VA mortgage closing costs are $5,435.

    The average rate for the prior week (2022-11-25) was 6.73% and one month ago for the week of 2022-10-28, the average rate was 7.32%.

    The average rate one year ago was 3.4%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.3%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    NEW DAY FINANCIAL, LLC 4 2.90% $8,948
    Mortgage Research Center, LLC 4 2.97% $2,861
    INLANTA MORTGAGE, INC. 3 2.58% $7,046
    CROSSCOUNTRY MORTGAGE, LLC 3 3.13% $13,714
    VILLAGE CAPITAL MORTGAGE 3 2.42% $3,140
    PENNYMAC LOAN SERVICES, LLC 3 2.75% $4,027
    UNITED WHOLESALE MORTGAGE, LLC 2 2.57% $4,146
    MOVEMENT MORTGAGE, LLC 2 2.75% $2,412
    CALIBER HOME LOANS, INC. 2 2.80% $8,496
    NAVY FEDERAL CREDIT UNION 2 2.44% $6,816
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.50% $6,074
    HOME POINT FINANCIAL CORPORATION 1 2.88% $2,917
    LAKEVIEW LOAN SERVICING, LLC 1 2.63% $1,081
    ACCELERATE MORTGAGE, LLC 1 2.25% $4,932
    Loan Simple, Inc. 1 2.75% $7,038
    Mid-Continent Funding, Inc. 1 3.25% $1,756
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.37% $6,885
    PNC Bank 1 2.75% $11,224
    QUICKEN LOANS, LLC 1 2.25% $4,159
    SECURITYNATIONAL MORTGAGE COMPANY 1 3.75% $15,540
    USAA Federal Savings Bank 1 2.75% $0
    VAN DYK MORTGAGE CORPORATION 1 3.50% $3,110
    LOANDEPOT.COM, LLC 1 2.38% $3,235
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.88% $11,495
    AMERISAVE MORTGAGE CORPORATION 1 3.00% $7,845
    Barrington Bank & Trust Company, N.A. 1 3.13% $11,716
    Citizens Bank 1 2.88% $5,118
    DHI MORTGAGE COMPANY, LTD. 1 2.88% $7,720
    Equity Prime Mortgage LLC 1 4.50% $13,535
    FREEDOM MORTGAGE CORPORATION 1 2.75% $3,375
    GERSHMAN INVESTMENT CORP. 1 3.63% $8,354
    HAMILTON HOME LOANS, INC. 1 3.75% $6,043

    The top Clewiston VA lender as defined by loan originations is NEW DAY FINANCIAL, LLC, with 4 VA loans originated. Their average total fees are $8,948, which is $6,087 higher than the next largest lender, Mortgage Research Center, 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 .

    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 (7.2%) $326,642 (-1.3%) 0.00 98
    2018-02-01 $219,500 (-1.2%) $311,982 (-10.1%) 0.00 97
    2018-03-01 $199,900 (0.0%) $307,298 (-8.6%) 0.00 97
    2018-04-01 $222,500 (4.0%) $351,418 (4.3%) 0.00 91
    2018-05-01 $219,950 (7.6%) $356,307 (0.0%) 0.00 83
    2018-06-01 $219,900 (13.1%) $351,600 (7.2%) 0.00 82
    2018-07-01 $199,900 (5.3%) $352,682 (16.9%) 0.00 88
    2018-08-01 $197,450 (4.1%) $309,604 (2.3%) 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 $226,332 (1.7%) $354,394 (0.9%) 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 (-0.6%) $357,473 (0.9%) 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%) $352,736 (4.9%) 0.00 80
    2020-08-01 $236,200 (12.8%) $369,318 (11.9%) 0.00 80
    2020-09-01 $244,900 (9.6%) $373,884 (10.9%) 0.00 85
    2020-10-01 $255,730 (9.8%) $386,282 (13.0%) 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 $247,500 (12.6%) $463,741 (37.9%) 0.00 68
    2021-03-01 $252,450 (13.5%) $467,835 (37.6%) 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 $281,700 (25.2%) $512,717 (43.1%) 0.00 49
    2021-07-01 $290,000 (13.7%) $453,611 (28.6%) 0.00 59
    2021-08-01 $314,850 (33.3%) $496,438 (34.4%) 0.00 71
    2021-09-01 $327,000 (33.5%) $511,579 (36.8%) 0.00 75
    2021-10-01 $306,500 (19.9%) $481,251 (24.6%) 0.00 89
    2021-11-01 $316,750 (26.7%) $458,306 (11.6%) 0.00 91
    2021-12-01 $311,250 (24.5%) $457,002 (5.1%) 0.00 97
    2022-01-01 $297,000 (18.8%) $470,191 (5.3%) 0.00 94
    2022-02-01 $314,000 (26.9%) $543,050 (17.1%) 0.00 77
    2022-03-01 $300,229 (18.9%) $563,756 (20.5%) 0.00 68
    2022-04-01 $349,000 (31.2%) $504,420 (4.4%) 0.00 72
    2022-05-01 $356,250 (27.5%) $522,542 (6.6%) 0.00 67
    2022-06-01 $344,700 (22.4%) $489,011 (-4.6%) 0.00 86
    2022-07-01 $354,950 (22.4%) $520,850 (14.8%) 0.00 105
    2022-08-01 $359,950 (14.3%) $518,619 (4.5%) 0.00 129
    2022-09-01 $349,725 (7.0%) $467,166 (-8.7%) 0.00 150
    2022-10-01 $349,900 (14.2%) $446,215 (-7.3%) 0.00 159
    2022-11-01 $348,450 (10.0%) $449,368 (-2.0%) 0.00 156
    Clewiston's median listing price for 2022-11-01 was $348,450, a difference of $31,700 (10.0%) versus the prior year and $-1,450 versus the prior month.

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

    Clewiston's average listing price for 2022-11-01 was $449,368, a difference of $-8,938 (-2.0%) versus the prior year and $3,153 versus the prior month.

    For the 2022-11-01 period, Clewiston had 156 MLS listings, a difference of -3 listings (-2%) versus the prior month and 65 listings (71%) 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 1,754 sqft
    2019-02-01 0 days 1,697 sqft
    2019-03-01 0 days 1,673 sqft
    2019-04-01 0 days 1,611 sqft
    2019-05-01 0 days 1,575 sqft
    2019-06-01 0 days 1,609 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 1,714 sqft
    2020-05-01 0 days 1,699 sqft
    2020-06-01 0 days 1,731 sqft
    2020-07-01 0 days 1,773 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 1,726 sqft
    2021-01-01 0 days 1,672 sqft
    2021-02-01 0 days 1,644 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 1,598 sqft
    2021-07-01 0 days 1,536 sqft
    2021-08-01 0 days 1,594 sqft
    2021-09-01 0 days 1,609 sqft
    2021-10-01 0 days 1,546 sqft
    2021-11-01 0 days 1,602 sqft
    2021-12-01 0 days 1,546 sqft
    2022-01-01 0 days 1,457 sqft
    2022-02-01 0 days 1,500 sqft
    2022-03-01 0 days 1,515 sqft
    2022-04-01 0 days 1,535 sqft
    2022-05-01 0 days 1,540 sqft
    2022-06-01 0 days 1,538 sqft
    2022-07-01 0 days 1,600 sqft
    2022-08-01 0 days 1,608 sqft
    2022-09-01 0 days 1,601 sqft
    2022-10-01 0 days 1,600 sqft
    2022-11-01 0 days 1,593 sqft
    Clewiston's median listing age (time on market) for 2022-11-01 was 0 days.

    Clewiston's median square footage for active listings during the 2022-11-01 period was 1,593 sqft. One year prior, the average listing was 1,602 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.