Crestview VA Loans
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 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 222 lenders originated 6,921 VA loans during 2021. The total origination value was $2,141,245,000, with an average VA loan value of $309,384.
Crestview VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Crestview
averaged
5.36%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.49% and
one month ago for the week of 2022-04-08, the
average rate was 5.01%.
The average rate one year ago was 3.13%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.12%.
Crestview VA Loan Lenders by Rates & Fees
The below table looks at the average fees 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
453 VA loans originated. Their average total fees are
$9,569, which is $1,421
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Crestview VA lenders (with over 10 loans originated) are
Mr. Cooper ( Nationstar Mortgage ) ($2,797), LAKEVIEW LOAN SERVICING, LLC ($3,165), Lakeview Community Capital, LLC ($3,245), FREEDOM MORTGAGE CORPORATION ($3,502) and VILLAGE CAPITAL & INVESTMENT LLC ($3,716).
The lowest rate Crestview VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.08%), CLEARPATH LENDING (2.28%), Low VA Rates, LLC (2.33%), KS StateBank (2.33%) and NP, Inc. (2.34%).
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 | $361,450 (2.6%) | $625,143 (-1.5%) | 1.33 | 2,997 |
| 2018-02-01 | $367,350 (2.1%) | $623,564 (-3.0%) | 1.33 | 3,042 |
| 2018-03-01 | $367,000 (0.6%) | $631,408 (-3.0%) | 1.27 | 3,130 |
| 2018-04-01 | $369,950 (0.3%) | $633,251 (-1.4%) | 1.24 | 3,186 |
| 2018-05-01 | $372,500 (1.0%) | $639,323 (-1.3%) | 1.24 | 3,182 |
| 2018-06-01 | $372,725 (-0.5%) | $630,607 (-2.8%) | 1.24 | 3,237 |
| 2018-07-01 | $364,900 (-2.7%) | $618,183 (-5.1%) | 1.22 | 3,251 |
| 2018-08-01 | $359,900 (-5.3%) | $620,633 (-5.0%) | 1.20 | 3,210 |
| 2018-09-01 | $364,900 (-4.0%) | $615,820 (-5.5%) | 1.22 | 3,231 |
| 2018-10-01 | $366,450 (-2.3%) | $624,284 (-3.7%) | 1.23 | 3,180 |
| 2018-11-01 | $364,900 (-1.6%) | $619,297 (-4.1%) | 1.22 | 3,154 |
| 2018-12-01 | $375,000 (1.8%) | $640,411 (-0.3%) | 1.28 | 3,047 |
| 2019-01-01 | $377,000 (4.3%) | $641,578 (2.6%) | 1.30 | 2,915 |
| 2019-02-01 | $382,900 (4.2%) | $656,868 (5.3%) | 1.28 | 2,900 |
| 2019-03-01 | $399,714 (8.9%) | $678,820 (7.5%) | 1.30 | 2,951 |
| 2019-04-01 | $414,950 (12.2%) | $701,816 (10.8%) | 1.31 | 3,002 |
| 2019-05-01 | $424,000 (13.8%) | $720,948 (12.8%) | 1.31 | 2,964 |
| 2019-06-01 | $429,000 (15.1%) | $733,726 (16.4%) | 1.32 | 2,936 |
| 2019-07-01 | $436,250 (19.6%) | $748,493 (21.1%) | 1.36 | 2,892 |
| 2019-08-01 | $437,143 (21.5%) | $752,535 (21.3%) | 1.38 | 2,840 |
| 2019-09-01 | $440,000 (20.6%) | $754,160 (22.5%) | 1.40 | 2,804 |
| 2019-10-01 | $446,889 (22.0%) | $748,630 (19.9%) | 1.43 | 2,797 |
| 2019-11-01 | $449,000 (23.1%) | $748,681 (20.9%) | 1.45 | 2,770 |
| 2019-12-01 | $449,000 (19.7%) | $746,254 (16.5%) | 1.50 | 2,645 |
| 2020-01-01 | $452,500 (20.0%) | $754,020 (17.5%) | 1.51 | 2,494 |
| 2020-02-01 | $474,900 (24.0%) | $775,338 (18.0%) | 1.53 | 2,425 |
| 2020-03-01 | $481,500 (20.5%) | $778,314 (14.7%) | 1.50 | 2,596 |
| 2020-04-01 | $469,500 (13.2%) | $756,726 (7.8%) | 1.46 | 2,805 |
| 2020-05-01 | $470,000 (10.9%) | $756,672 (5.0%) | 1.42 | 2,784 |
| 2020-06-01 | $459,450 (7.1%) | $758,067 (3.3%) | 1.34 | 2,453 |
| 2020-07-01 | $461,950 (5.9%) | $785,515 (5.0%) | 1.32 | 2,221 |
| 2020-08-01 | $449,900 (2.9%) | $792,223 (5.3%) | 1.29 | 2,020 |
| 2020-09-01 | $449,425 (2.1%) | $800,554 (6.2%) | 1.28 | 1,876 |
| 2020-10-01 | $439,000 (-1.8%) | $799,234 (6.8%) | 1.25 | 1,757 |
| 2020-11-01 | $434,450 (-3.2%) | $806,193 (7.7%) | 1.24 | 1,708 |
| 2020-12-01 | $437,000 (-2.7%) | $828,588 (11.0%) | 1.28 | 1,582 |
| 2021-01-01 | $430,000 (-5.0%) | $852,777 (13.1%) | 1.27 | 1,366 |
| 2021-02-01 | $446,950 (-5.9%) | $886,885 (14.4%) | 1.29 | 1,111 |
| 2021-03-01 | $449,909 (-6.6%) | $913,577 (17.4%) | 1.26 | 964 |
| 2021-04-01 | $487,000 (3.7%) | $956,881 (26.5%) | 1.31 | 909 |
| 2021-05-01 | $525,000 (11.7%) | $976,851 (29.1%) | 1.38 | 922 |
| 2021-06-01 | $522,500 (13.7%) | $975,804 (28.7%) | 1.36 | 1,058 |
| 2021-07-01 | $549,000 (18.8%) | $969,527 (23.4%) | 1.43 | 1,298 |
| 2021-08-01 | $550,000 (22.3%) | $943,454 (19.1%) | 1.45 | 1,480 |
| 2021-09-01 | $556,500 (23.8%) | $944,335 (18.0%) | 1.46 | 1,511 |
| 2021-10-01 | $550,000 (25.3%) | $962,108 (20.4%) | 1.45 | 1,472 |
| 2021-11-01 | $561,450 (29.2%) | $1,002,130 (24.3%) | 1.48 | 1,379 |
| 2021-12-01 | $564,700 (29.2%) | $1,013,020 (22.3%) | 1.51 | 1,205 |
| 2022-01-01 | $569,000 (32.3%) | $1,048,923 (23.0%) | 1.52 | 973 |
| 2022-02-01 | $580,000 (29.8%) | $1,136,094 (28.1%) | 1.48 | 789 |
| 2022-03-01 | $599,448 (33.2%) | $1,186,764 (29.9%) | 1.48 | 852 |
| 2022-04-01 | $600,000 (23.2%) | $1,208,179 (26.3%) | 1.41 | 1,042 |
Crestview's median listing price comes in at 141% of the national average.
Crestview's average listing price for 2022-04-01 was $1,208,179, a difference of $251,298 (26.3%) versus the prior year and $21,415 versus the prior month.
For the 2022-04-01 period, Crestview had 1,042 MLS listings, a difference of 190 listings (22%) versus the prior month and 133 listings (15%) 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 | 120 days | 1,946 sqft |
| 2018-02-01 | 114 days | 1,950 sqft |
| 2018-03-01 | 95 days | 1,959 sqft |
| 2018-04-01 | 81 days | 1,961 sqft |
| 2018-05-01 | 79 days | 1,979 sqft |
| 2018-06-01 | 84 days | 1,978 sqft |
| 2018-07-01 | 89 days | 1,954 sqft |
| 2018-08-01 | 94 days | 1,931 sqft |
| 2018-09-01 | 96 days | 1,924 sqft |
| 2018-10-01 | 101 days | 1,901 sqft |
| 2018-11-01 | 102 days | 1,886 sqft |
| 2018-12-01 | 107 days | 1,884 sqft |
| 2019-01-01 | 113 days | 1,885 sqft |
| 2019-02-01 | 108 days | 1,902 sqft |
| 2019-03-01 | 93 days | 1,921 sqft |
| 2019-04-01 | 77 days | 1,947 sqft |
| 2019-05-01 | 76 days | 1,957 sqft |
| 2019-06-01 | 80 days | 1,942 sqft |
| 2019-07-01 | 87 days | 1,939 sqft |
| 2019-08-01 | 87 days | 1,934 sqft |
| 2019-09-01 | 88 days | 1,927 sqft |
| 2019-10-01 | 87 days | 1,941 sqft |
| 2019-11-01 | 92 days | 1,945 sqft |
| 2019-12-01 | 97 days | 1,942 sqft |
| 2020-01-01 | 101 days | 1,948 sqft |
| 2020-02-01 | 102 days | 1,950 sqft |
| 2020-03-01 | 78 days | 1,964 sqft |
| 2020-04-01 | 73 days | 1,963 sqft |
| 2020-05-01 | 79 days | 1,932 sqft |
| 2020-06-01 | 87 days | 1,883 sqft |
| 2020-07-01 | 72 days | 1,896 sqft |
| 2020-08-01 | 65 days | 1,863 sqft |
| 2020-09-01 | 64 days | 1,865 sqft |
| 2020-10-01 | 64 days | 1,814 sqft |
| 2020-11-01 | 66 days | 1,845 sqft |
| 2020-12-01 | 65 days | 1,823 sqft |
| 2021-01-01 | 72 days | 1,825 sqft |
| 2021-02-01 | 63 days | 1,818 sqft |
| 2021-03-01 | 38 days | 1,871 sqft |
| 2021-04-01 | 29 days | 1,907 sqft |
| 2021-05-01 | 25 days | 1,924 sqft |
| 2021-06-01 | 25 days | 1,866 sqft |
| 2021-07-01 | 28 days | 1,867 sqft |
| 2021-08-01 | 35 days | 1,846 sqft |
| 2021-09-01 | 41 days | 1,833 sqft |
| 2021-10-01 | 49 days | 1,819 sqft |
| 2021-11-01 | 54 days | 1,877 sqft |
| 2021-12-01 | 61 days | 1,894 sqft |
| 2022-01-01 | 70 days | 1,909 sqft |
| 2022-02-01 | 61 days | 1,921 sqft |
| 2022-03-01 | 41 days | 1,955 sqft |
| 2022-04-01 | 37 days | 1,963 sqft |
Crestview's median square footage for active listings during the 2022-04-01 period was 1,963 sqft. One year prior, the average listing was 1,907 sqft.
