Crestview VA Loan Rates, Closing Costs & Stats
CRESTVIEW-FORT WALTON BEACH-DESTIN, 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.
Crestview's 185 lenders originated 3,707 VA loans during 2022. The total origination value was $1,329,075,000, with an average VA loan value of $358,531.
Crestview VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Crestview
averaged
5.9%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
Crestview's average VA mortgage closing costs are $7,184.
The average rate for the prior week (2023-05-19) was
5.92% and
one month ago for the week of 2023-04-21, the
average rate was 5.54%.
The average rate one year ago was 4.91%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.03%.
Crestview 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 Crestview level.
The top Crestview VA lender as defined by loan originations is BROKER SOLUTIONS, INC., with
417 VA loans originated. Their average total fees are
$10,941, which is $645
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Crestview VA lenders (with over 10 loans originated) are
FBC MORTGAGE, LLC ($7,129), EVERETT FINANCIAL, INC. ($8,116), University Bank ($8,424), NAVY FEDERAL CREDIT UNION ($8,679) and Paramount Residential Mortgage Group, Inc. ($8,784).
The lowest rate Crestview VA lenders (with over 10 loans originated) are
TOWNE MORTGAGE COMPANY (3.24%), PENNYMAC LOAN SERVICES, LLC (3.55%), HOME POINT FINANCIAL CORPORATION (3.61%), NAVY FEDERAL CREDIT UNION (3.84%) and The First, A National Banking Association (3.84%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Crestview (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 | $397,675 (4.6%) | $728,947 (0.2%) | 1.47 | 3,248 |
| 2018-02-01 | $399,000 (1.8%) | $717,456 (-2.7%) | 1.45 | 3,303 |
| 2018-03-01 | $399,000 (0.3%) | $730,590 (-1.7%) | 1.40 | 3,393 |
| 2018-04-01 | $399,250 (1.1%) | $734,065 (0.0%) | 1.35 | 3,464 |
| 2018-05-01 | $399,350 (0.7%) | $734,733 (-0.5%) | 1.33 | 3,473 |
| 2018-06-01 | $399,999 (0.0%) | $733,544 (-1.3%) | 1.33 | 3,536 |
| 2018-07-01 | $399,000 (-0.3%) | $726,146 (-3.3%) | 1.33 | 3,575 |
| 2018-08-01 | $396,550 (-4.7%) | $732,668 (-3.3%) | 1.33 | 3,523 |
| 2018-09-01 | $398,750 (-2.6%) | $725,847 (-3.3%) | 1.34 | 3,535 |
| 2018-10-01 | $399,000 (-0.5%) | $732,601 (-1.4%) | 1.35 | 3,491 |
| 2018-11-01 | $399,000 (-0.1%) | $728,288 (-0.8%) | 1.35 | 3,435 |
| 2018-12-01 | $415,000 (4.0%) | $754,498 (2.3%) | 1.43 | 3,323 |
| 2019-01-01 | $420,200 (5.7%) | $758,553 (4.1%) | 1.45 | 3,178 |
| 2019-02-01 | $427,450 (7.1%) | $771,580 (7.5%) | 1.44 | 3,176 |
| 2019-03-01 | $449,000 (12.5%) | $784,216 (7.3%) | 1.50 | 3,288 |
| 2019-04-01 | $469,000 (17.5%) | $817,837 (11.4%) | 1.49 | 3,329 |
| 2019-05-01 | $474,950 (18.9%) | $842,106 (14.6%) | 1.48 | 3,283 |
| 2019-06-01 | $479,000 (19.8%) | $842,139 (14.8%) | 1.50 | 3,257 |
| 2019-07-01 | $482,804 (21.0%) | $859,378 (18.4%) | 1.51 | 3,212 |
| 2019-08-01 | $499,000 (25.8%) | $891,355 (21.7%) | 1.56 | 3,188 |
| 2019-09-01 | $527,350 (32.3%) | $921,715 (27.0%) | 1.66 | 3,031 |
| 2019-10-01 | $499,950 (25.3%) | $886,706 (21.0%) | 1.61 | 3,156 |
| 2019-11-01 | $500,000 (25.3%) | $886,124 (21.7%) | 1.64 | 3,086 |
| 2019-12-01 | $499,900 (20.5%) | $883,478 (17.1%) | 1.67 | 2,947 |
| 2020-01-01 | $505,000 (20.2%) | $880,361 (16.1%) | 1.69 | 2,789 |
| 2020-02-01 | $525,000 (22.8%) | $901,434 (16.8%) | 1.72 | 2,707 |
| 2020-03-01 | $530,146 (18.1%) | $904,813 (15.4%) | 1.66 | 2,878 |
| 2020-04-01 | $520,229 (10.9%) | $874,666 (7.0%) | 1.63 | 3,102 |
| 2020-05-01 | $525,000 (10.5%) | $882,726 (4.8%) | 1.60 | 3,098 |
| 2020-06-01 | $499,950 (4.4%) | $896,725 (6.5%) | 1.47 | 2,701 |
| 2020-07-01 | $509,000 (5.4%) | $930,809 (8.3%) | 1.48 | 2,449 |
| 2020-08-01 | $499,000 (0.0%) | $943,256 (5.8%) | 1.43 | 2,236 |
| 2020-09-01 | $499,000 (-5.4%) | $940,788 (2.1%) | 1.43 | 2,060 |
| 2020-10-01 | $489,000 (-2.2%) | $960,273 (8.3%) | 1.40 | 1,921 |
| 2020-11-01 | $478,250 (-4.4%) | $962,170 (8.6%) | 1.40 | 1,855 |
| 2020-12-01 | $472,500 (-5.5%) | $976,125 (10.5%) | 1.41 | 1,676 |
| 2021-01-01 | $465,500 (-7.8%) | $985,060 (11.9%) | 1.39 | 1,450 |
| 2021-02-01 | $472,225 (-10.1%) | $1,010,709 (12.1%) | 1.37 | 1,172 |
| 2021-03-01 | $499,000 (-5.9%) | $1,052,340 (16.3%) | 1.42 | 1,026 |
| 2021-04-01 | $560,000 (7.6%) | $1,114,432 (27.4%) | 1.52 | 980 |
| 2021-05-01 | $619,000 (17.9%) | $1,150,402 (30.3%) | 1.64 | 1,017 |
| 2021-06-01 | $599,000 (19.8%) | $1,139,313 (27.1%) | 1.58 | 1,174 |
| 2021-07-01 | $599,000 (17.7%) | $1,137,644 (22.2%) | 1.58 | 1,444 |
| 2021-08-01 | $599,925 (20.2%) | $1,125,259 (19.3%) | 1.60 | 1,645 |
| 2021-09-01 | $609,900 (22.2%) | $1,140,674 (21.3%) | 1.63 | 1,680 |
| 2021-10-01 | $599,450 (22.6%) | $1,140,615 (18.8%) | 1.60 | 1,613 |
| 2021-11-01 | $607,450 (27.0%) | $1,143,882 (18.9%) | 1.62 | 1,500 |
| 2021-12-01 | $600,025 (27.0%) | $1,150,873 (17.9%) | 1.63 | 1,295 |
| 2022-01-01 | $599,917 (28.9%) | $1,205,691 (22.4%) | 1.62 | 1,057 |
| 2022-02-01 | $609,500 (29.1%) | $1,270,866 (25.7%) | 1.59 | 857 |
| 2022-03-01 | $622,500 (24.8%) | $1,303,420 (23.9%) | 1.56 | 928 |
| 2022-04-01 | $647,743 (15.7%) | $1,347,983 (21.0%) | 1.54 | 1,163 |
| 2022-05-01 | $649,500 (4.9%) | $1,342,255 (16.7%) | 1.48 | 1,521 |
| 2022-06-01 | $686,625 (14.6%) | $1,391,269 (22.1%) | 1.53 | 1,875 |
| 2022-07-01 | $689,900 (15.2%) | $1,395,353 (22.7%) | 1.56 | 2,337 |
| 2022-08-01 | $667,250 (11.2%) | $1,359,412 (20.8%) | 1.54 | 2,494 |
| 2022-09-01 | $662,500 (8.6%) | $1,326,855 (16.3%) | 1.55 | 2,591 |
| 2022-10-01 | $669,000 (11.6%) | $1,321,176 (15.8%) | 1.57 | 2,682 |
| 2022-11-01 | $648,000 (6.7%) | $1,293,421 (13.1%) | 1.56 | 2,738 |
| 2022-12-01 | $639,900 (6.7%) | $1,294,220 (12.5%) | 1.58 | 2,615 |
| 2023-01-01 | $627,450 (4.6%) | $1,272,493 (5.5%) | 1.55 | 2,520 |
| 2023-02-01 | $634,000 (4.0%) | $1,292,339 (1.7%) | 1.53 | 2,468 |
| 2023-03-01 | $667,479 (7.2%) | $1,345,967 (3.3%) | 1.57 | 2,432 |
| 2023-04-01 | $699,900 (8.1%) | $1,410,453 (4.6%) | 1.63 | 2,470 |
Crestview's median listing price comes in at 163% of the national average.
Crestview's average listing price for 2023-04-01 was $1,410,453, a difference of $62,470 (4.6%) versus the prior year and $64,486 versus the prior month.
For the 2023-04-01 period, Crestview had 2,470 MLS listings, a difference of 38 listings (2%) versus the prior month and 1,307 listings (112%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Crestview (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 121 days | 1,965 sqft |
| 2018-02-01 | 114 days | 1,970 sqft |
| 2018-03-01 | 99 days | 1,979 sqft |
| 2018-04-01 | 82 days | 1,978 sqft |
| 2018-05-01 | 79 days | 1,999 sqft |
| 2018-06-01 | 86 days | 2,000 sqft |
| 2018-07-01 | 90 days | 1,977 sqft |
| 2018-08-01 | 98 days | 1,970 sqft |
| 2018-09-01 | 101 days | 1,958 sqft |
| 2018-10-01 | 106 days | 1,933 sqft |
| 2018-11-01 | 105 days | 1,919 sqft |
| 2018-12-01 | 109 days | 1,921 sqft |
| 2019-01-01 | 115 days | 1,923 sqft |
| 2019-02-01 | 111 days | 1,944 sqft |
| 2019-03-01 | 94 days | 1,965 sqft |
| 2019-04-01 | 79 days | 1,980 sqft |
| 2019-05-01 | 78 days | 2,013 sqft |
| 2019-06-01 | 82 days | 1,981 sqft |
| 2019-07-01 | 89 days | 1,979 sqft |
| 2019-08-01 | 99 days | 2,014 sqft |
| 2019-09-01 | 104 days | 2,028 sqft |
| 2019-10-01 | 91 days | 2,008 sqft |
| 2019-11-01 | 94 days | 2,000 sqft |
| 2019-12-01 | 100 days | 1,998 sqft |
| 2020-01-01 | 105 days | 2,005 sqft |
| 2020-02-01 | 106 days | 2,005 sqft |
| 2020-03-01 | 81 days | 2,014 sqft |
| 2020-04-01 | 78 days | 2,007 sqft |
| 2020-05-01 | 82 days | 1,988 sqft |
| 2020-06-01 | 90 days | 1,957 sqft |
| 2020-07-01 | 73 days | 1,978 sqft |
| 2020-08-01 | 66 days | 1,941 sqft |
| 2020-09-01 | 64 days | 1,940 sqft |
| 2020-10-01 | 64 days | 1,896 sqft |
| 2020-11-01 | 65 days | 1,916 sqft |
| 2020-12-01 | 67 days | 1,892 sqft |
| 2021-01-01 | 70 days | 1,918 sqft |
| 2021-02-01 | 55 days | 1,881 sqft |
| 2021-03-01 | 35 days | 1,930 sqft |
| 2021-04-01 | 27 days | 1,953 sqft |
| 2021-05-01 | 23 days | 1,980 sqft |
| 2021-06-01 | 24 days | 1,919 sqft |
| 2021-07-01 | 29 days | 1,922 sqft |
| 2021-08-01 | 36 days | 1,903 sqft |
| 2021-09-01 | 42 days | 1,888 sqft |
| 2021-10-01 | 50 days | 1,870 sqft |
| 2021-11-01 | 58 days | 1,923 sqft |
| 2021-12-01 | 63 days | 1,927 sqft |
| 2022-01-01 | 69 days | 1,930 sqft |
| 2022-02-01 | 56 days | 1,936 sqft |
| 2022-03-01 | 39 days | 1,979 sqft |
| 2022-04-01 | 36 days | 2,007 sqft |
| 2022-05-01 | 35 days | 2,013 sqft |
| 2022-06-01 | 37 days | 2,018 sqft |
| 2022-07-01 | 43 days | 2,006 sqft |
| 2022-08-01 | 54 days | 1,997 sqft |
| 2022-09-01 | 62 days | 2,004 sqft |
| 2022-10-01 | 67 days | 2,009 sqft |
| 2022-11-01 | 75 days | 1,986 sqft |
| 2022-12-01 | 85 days | 1,982 sqft |
| 2023-01-01 | 88 days | 1,983 sqft |
| 2023-02-01 | 85 days | 1,960 sqft |
| 2023-03-01 | 69 days | 1,988 sqft |
| 2023-04-01 | 64 days | 1,997 sqft |
Crestview's median square footage for active listings during the 2023-04-01 period was 1,997 sqft. One year prior, the average listing was 2,007 sqft.