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 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
6.39%
for the week of 2022-12-02, compared to the national average (all VA variants) of
6.292% for the same period.
Crestview's average VA mortgage closing costs are $6,510.
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 7.12%.
The average rate one year ago was 3.3%.
For refis of the same type during the week of 2022-12-02, the average rate
was 6.25%.
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
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 MORTGAGE ($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 | $397,675 (4.7%) | $728,947 (0.2%) | 1.47 | 3,248 |
| 2018-02-01 | $399,000 (1.9%) | $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 | $399,250 (0.6%) | $734,735 (-0.5%) | 1.33 | 3,472 |
| 2018-06-01 | $399,999 (0.0%) | $733,546 (-1.3%) | 1.33 | 3,535 |
| 2018-07-01 | $399,000 (-0.3%) | $726,236 (-3.2%) | 1.33 | 3,572 |
| 2018-08-01 | $395,959 (-4.9%) | $732,737 (-3.3%) | 1.33 | 3,520 |
| 2018-09-01 | $398,500 (-2.6%) | $725,909 (-3.3%) | 1.34 | 3,533 |
| 2018-10-01 | $399,000 (-0.5%) | $732,593 (-1.4%) | 1.35 | 3,490 |
| 2018-11-01 | $399,000 (-0.1%) | $728,296 (-0.8%) | 1.35 | 3,433 |
| 2018-12-01 | $415,000 (4.0%) | $754,515 (2.3%) | 1.43 | 3,321 |
| 2019-01-01 | $419,785 (5.6%) | $758,545 (4.1%) | 1.45 | 3,177 |
| 2019-02-01 | $427,450 (7.1%) | $771,581 (7.5%) | 1.44 | 3,175 |
| 2019-03-01 | $449,571 (12.7%) | $792,925 (8.5%) | 1.47 | 3,237 |
| 2019-04-01 | $469,000 (17.5%) | $818,052 (11.4%) | 1.49 | 3,310 |
| 2019-05-01 | $474,532 (18.9%) | $841,743 (14.6%) | 1.48 | 3,285 |
| 2019-06-01 | $477,650 (19.4%) | $841,782 (14.8%) | 1.49 | 3,259 |
| 2019-07-01 | $481,450 (20.7%) | $859,006 (18.3%) | 1.51 | 3,214 |
| 2019-08-01 | $488,991 (23.5%) | $872,017 (19.0%) | 1.55 | 3,185 |
| 2019-09-01 | $495,127 (24.3%) | $879,794 (21.2%) | 1.58 | 3,171 |
| 2019-10-01 | $499,950 (25.3%) | $885,418 (20.9%) | 1.61 | 3,161 |
| 2019-11-01 | $499,999 (25.3%) | $885,512 (21.6%) | 1.64 | 3,087 |
| 2019-12-01 | $499,900 (20.5%) | $881,586 (16.8%) | 1.67 | 2,945 |
| 2020-01-01 | $504,750 (20.2%) | $878,767 (15.9%) | 1.69 | 2,787 |
| 2020-02-01 | $524,950 (22.8%) | $899,832 (16.6%) | 1.72 | 2,705 |
| 2020-03-01 | $527,500 (17.3%) | $903,253 (13.9%) | 1.65 | 2,876 |
| 2020-04-01 | $519,500 (10.8%) | $873,301 (6.8%) | 1.63 | 3,099 |
| 2020-05-01 | $525,000 (10.6%) | $881,401 (4.7%) | 1.60 | 3,095 |
| 2020-06-01 | $499,900 (4.7%) | $895,890 (6.4%) | 1.47 | 2,699 |
| 2020-07-01 | $507,000 (5.3%) | $929,798 (8.2%) | 1.47 | 2,446 |
| 2020-08-01 | $499,000 (2.1%) | $942,036 (8.0%) | 1.43 | 2,234 |
| 2020-09-01 | $496,000 (0.2%) | $939,482 (6.8%) | 1.42 | 2,060 |
| 2020-10-01 | $485,000 (-3.0%) | $958,979 (8.3%) | 1.39 | 1,924 |
| 2020-11-01 | $476,478 (-4.7%) | $960,171 (8.4%) | 1.39 | 1,856 |
| 2020-12-01 | $472,450 (-5.5%) | $973,943 (10.5%) | 1.40 | 1,677 |
| 2021-01-01 | $465,000 (-7.9%) | $982,439 (11.8%) | 1.39 | 1,452 |
| 2021-02-01 | $472,000 (-10.1%) | $1,009,220 (12.2%) | 1.37 | 1,174 |
| 2021-03-01 | $498,375 (-5.5%) | $1,050,737 (16.3%) | 1.41 | 1,029 |
| 2021-04-01 | $559,993 (7.8%) | $1,112,525 (27.4%) | 1.52 | 983 |
| 2021-05-01 | $615,000 (17.1%) | $1,148,527 (30.3%) | 1.63 | 1,020 |
| 2021-06-01 | $599,000 (19.8%) | $1,139,770 (27.2%) | 1.58 | 1,178 |
| 2021-07-01 | $599,000 (18.2%) | $1,137,306 (22.3%) | 1.58 | 1,447 |
| 2021-08-01 | $599,450 (20.1%) | $1,122,997 (19.2%) | 1.60 | 1,645 |
| 2021-09-01 | $609,000 (22.8%) | $1,138,894 (21.2%) | 1.62 | 1,681 |
| 2021-10-01 | $599,000 (23.5%) | $1,139,425 (18.8%) | 1.60 | 1,615 |
| 2021-11-01 | $605,554 (27.1%) | $1,142,554 (19.0%) | 1.62 | 1,502 |
| 2021-12-01 | $599,929 (27.0%) | $1,149,938 (18.1%) | 1.63 | 1,297 |
| 2022-01-01 | $599,900 (29.0%) | $1,204,566 (22.6%) | 1.62 | 1,061 |
| 2022-02-01 | $605,198 (28.2%) | $1,269,328 (25.8%) | 1.57 | 861 |
| 2022-03-01 | $619,500 (24.3%) | $1,300,167 (23.7%) | 1.55 | 932 |
| 2022-04-01 | $645,000 (15.2%) | $1,347,538 (21.1%) | 1.54 | 1,165 |
| 2022-05-01 | $649,450 (5.6%) | $1,338,934 (16.6%) | 1.48 | 1,521 |
| 2022-06-01 | $685,000 (14.4%) | $1,389,276 (21.9%) | 1.53 | 1,877 |
| 2022-07-01 | $689,500 (15.1%) | $1,394,135 (22.6%) | 1.56 | 2,340 |
| 2022-08-01 | $666,950 (11.3%) | $1,359,759 (21.1%) | 1.54 | 2,498 |
| 2022-09-01 | $662,500 (8.8%) | $1,327,186 (16.5%) | 1.55 | 2,595 |
| 2022-10-01 | $667,975 (11.5%) | $1,319,695 (15.8%) | 1.57 | 2,685 |
| 2022-11-01 | $647,113 (6.9%) | $1,291,794 (13.1%) | 1.56 | 2,739 |
Crestview's median listing price comes in at 156% of the national average.
Crestview's average listing price for 2022-11-01 was $1,291,794, a difference of $149,240 (13.1%) versus the prior year and $-27,901 versus the prior month.
For the 2022-11-01 period, Crestview had 2,739 MLS listings, a difference of 54 listings (2%) versus the prior month and 1,237 listings (82%) 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 | 2,000 sqft |
| 2018-06-01 | 86 days | 2,000 sqft |
| 2018-07-01 | 90 days | 1,977 sqft |
| 2018-08-01 | 98 days | 1,969 sqft |
| 2018-09-01 | 101 days | 1,958 sqft |
| 2018-10-01 | 105 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 | 1,924 sqft |
| 2019-02-01 | 111 days | 1,945 sqft |
| 2019-03-01 | 97 days | 1,963 sqft |
| 2019-04-01 | 80 days | 1,983 sqft |
| 2019-05-01 | 78 days | 2,013 sqft |
| 2019-06-01 | 82 days | 1,982 sqft |
| 2019-07-01 | 89 days | 1,979 sqft |
| 2019-08-01 | 89 days | 1,986 sqft |
| 2019-09-01 | 88 days | 2,001 sqft |
| 2019-10-01 | 89 days | 2,011 sqft |
| 2019-11-01 | 94 days | 2,002 sqft |
| 2019-12-01 | 100 days | 1,997 sqft |
| 2020-01-01 | 105 days | 2,005 sqft |
| 2020-02-01 | 106 days | 2,004 sqft |
| 2020-03-01 | 80 days | 2,014 sqft |
| 2020-04-01 | 78 days | 2,006 sqft |
| 2020-05-01 | 82 days | 1,988 sqft |
| 2020-06-01 | 89 days | 1,954 sqft |
| 2020-07-01 | 73 days | 1,977 sqft |
| 2020-08-01 | 66 days | 1,940 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 | 1,891 sqft |
| 2021-01-01 | 70 days | 1,918 sqft |
| 2021-02-01 | 56 days | 1,881 sqft |
| 2021-03-01 | 35 days | 1,929 sqft |
| 2021-04-01 | 27 days | 1,955 sqft |
| 2021-05-01 | 24 days | 1,980 sqft |
| 2021-06-01 | 24 days | 1,921 sqft |
| 2021-07-01 | 29 days | 1,923 sqft |
| 2021-08-01 | 36 days | 1,902 sqft |
| 2021-09-01 | 42 days | 1,887 sqft |
| 2021-10-01 | 50 days | 1,870 sqft |
| 2021-11-01 | 58 days | 1,922 sqft |
| 2021-12-01 | 63 days | 1,926 sqft |
| 2022-01-01 | 69 days | 1,928 sqft |
| 2022-02-01 | 56 days | 1,936 sqft |
| 2022-03-01 | 39 days | 1,979 sqft |
| 2022-04-01 | 36 days | 2,005 sqft |
| 2022-05-01 | 36 days | 2,010 sqft |
| 2022-06-01 | 37 days | 2,018 sqft |
| 2022-07-01 | 43 days | 2,006 sqft |
| 2022-08-01 | 54 days | 1,998 sqft |
| 2022-09-01 | 62 days | 2,003 sqft |
| 2022-10-01 | 67 days | 2,008 sqft |
| 2022-11-01 | 75 days | 1,986 sqft |
Crestview's median square footage for active listings during the 2022-11-01 period was 1,986 sqft. One year prior, the average listing was 1,922 sqft.
