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 153 lenders originated 2,566 VA loans during 2023. The total origination value was $954,260,000, with an average VA loan value of $371,886.

Crestview VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Crestview averaged 6.52% for the week of 2024-05-24, compared to the national average (all VA variants) of 6.567% for the same period.

Crestview's average VA mortgage closing costs are $7,520.

The average rate for the prior week (2024-05-17) was 6.35% and one month ago for the week of 2024-04-19, the average rate was 6.52%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-05-24, the average rate was 7.08%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
BROKER SOLUTIONS, INC. 327 5.99% $11,567
DHI MORTGAGE COMPANY, LTD. 300 5.37% $6,900
UNITED WHOLESALE MORTGAGE, LLC 171 6.15% $10,318
Mortgage Research Center, LLC 168 6.61% $9,476
MOVEMENT MORTGAGE, LLC 165 6.31% $11,347
University Bank 98 6.13% $9,766
QUICKEN LOANS, LLC 93 6.03% $13,076
NAVY FEDERAL CREDIT UNION 84 5.74% $8,578
PRIMELENDING, A PLAINSCAPITAL COMPANY 67 6.34% $10,142
EAGLE HOME MORTGAGE, LLC 60 5.24% $6,552
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 48 6.59% $10,788
PENTAGON FEDERAL CREDIT UNION 48 5.53% $12,505
Waterstone Mortgage Corporation 44 6.44% $10,927
FREEDOM MORTGAGE CORPORATION 41 6.36% $15,660
Paramount Residential Mortgage Group, Inc. 38 5.86% $11,149
GUARANTEED RATE, INC. 37 6.06% $8,453
USAA Federal Savings Bank 36 6.11% $10,888
Bank of England 35 6.38% $11,378
MORTGAGE ONE OF THE SOUTH, INC. 35 5.69% $7,722
LOANDEPOT.COM, LLC 25 5.75% $14,321
GUARANTEED RATE AFFINITY, LLC 24 6.05% $9,718
PENNYMAC LOAN SERVICES, LLC 21 5.64% $15,298
FIDELITY BANK 18 6.40% $10,315
DSLD MORTGAGE, LLC 18 6.05% $6,780
CROSSCOUNTRY MORTGAGE, LLC 17 6.65% $11,837
BankPlus 16 6.24% $13,510
Centennial Bank 16 6.16% $16,294
Plains Commerce Bank 16 5.80% $12,115
NEWREZ LLC 14 6.38% $14,054
AMERICAN PACIFIC MORTGAGE CORPORATION 14 6.68% $13,070
VILLAGE CAPITAL MORTGAGE 14 6.08% $10,236
RESOURCE FINANCIAL SERVICES, INC. 14 6.19% $12,955
CBM Mortgage, Inc. 13 6.13% $19,960
Mr. Cooper ( Nationstar Mortgage ) 12 6.04% $14,703
CMG MORTGAGE, INC. 12 6.10% $9,488
NBKC BANK 12 5.94% $10,330
NEW DAY FINANCIAL, LLC 11 7.61% $14,572
GUILD MORTGAGE COMPANY 11 6.40% $16,046
MUTUAL OF OMAHA MORTGAGE, INC. 9 6.42% $12,370
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.31% $13,988
CARDINAL FINANCIAL 8 6.05% $13,682
AMERICAN FINANCIAL NETWORK, INC. 7 6.48% $6,601
PLANET HOME LENDING, LLC 7 5.21% $8,154
Northpointe Bank 7 5.98% $13,424
Equity Prime Mortgage LLC 6 6.65% $12,278
SWBC MORTGAGE CORPORATION 6 6.71% $10,544
Mid-Continent Funding, Inc. 6 6.58% $14,261
Ameris Bank 6 6.40% $10,391
Flagstar Bank, FSB 5 6.92% $9,876
The Federal Savings Bank 5 5.58% $19,571
Armed Forces Bank 5 5.63% $11,924
LOANPAL, LLC 5 6.05% $14,126
Wells Fargo Bank 5 6.00% $14,420
United Fidelity Funding Corp. 5 5.97% $12,895
SUN WEST MORTGAGE COMPANY, INC. 4 6.69% $10,454
First Federal Bank 4 6.47% $8,526
OPEN MORTGAGE, LLC 4 6.50% $4,780
INSPIRE HOME LOANS INC. 4 5.44% $7,595
FBC MORTGAGE, LLC 4 5.24% $7,500
BNC National Bank 4 5.47% $12,375
Regions Bank 4 5.72% $6,900
AMERISAVE MORTGAGE CORPORATION 3 5.42% $26,179
LAKEVIEW LOAN SERVICING, LLC 3 6.21% $8,270
North American Savings Bank, F.S.B. 3 5.37% $15,495
United Community Bank 3 5.46% $13,664
PLAZA HOME MORTGAGE, INC. 3 6.21% $9,574
American Mortgage & Equity Consultants, Inc. 3 6.83% $8,859
DAS Acquisition Company, LLC 3 6.63% $8,337
Paramount Bank 3 7.04% $9,974
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.67% $11,876
FIRST COMMUNITY MORTGAGE, INC. 3 6.13% $8,283
Century Mortgage Company DBA Century Lending Company 3 5.88% $15,363
Barrington Bank & Trust Company, N.A. 3 6.08% $7,722
THRIVE MORTGAGE, LLC 2 6.94% $9,555
The Central Trust Bank 2 5.19% $10,798
U.S. Bank 2 5.75% $11,501
FIRST COLONY MORTGAGE CORPORATION 2 6.75% $16,043
Victorian Finance, LLC 2 6.38% $17,996
Strong Home Mortgage, LLC 2 5.56% $13,269
ACADEMY MORTGAGE CORPORATION 2 7.19% $11,942
STOCKTON MORTGAGE CORPORATION 2 6.75% $17,806
AMERICAN FINANCING CORPORATION 2 6.37% $9,148
SOUTHWEST STAGE FUNDING, LLC 2 7.13% $2,921
CALIBER HOME LOANS, INC. 2 6.25% $12,727
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 5.75% $11,400
EQUITY RESOURCES, INC. 2 6.25% $13,436
HOMESIDE FINANCIAL, LLC 2 6.94% $18,096
Renasant Bank 2 5.69% $10,163
Ixonia Bank 2 6.63% $10,737
LADERA LENDING, INC. 2 5.88% $22,503
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.12% $14,150
Lend Smart Mortgage, LLC 2 6.06% $9,839
Community Bank of Mississippi 2 7.19% $7,335
MORIA DEVELOPMENT, INC. 2 7.44% $11,338
ENVOY MORTGAGE, LTD 2 6.19% $15,541
MORTGAGEONE, INC. 2 7.69% $9,896
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.19% $652
OCMBC, INC. 2 6.94% $2,437
PHH Mortgage Corporation 2 6.25% $21,656
NexBank 2 6.06% $18,557
NFM, INC. 2 6.44% $13,018
Trustmark National Bank 2 6.56% $7,339
UNION HOME MORTGAGE CORP. 2 6.00% $19,553
ZILLOW HOME LOANS, LLC 1 5.25% $24,097
Acre Mortgage and Financial Inc 1 6.50% $19,968
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.88% $25,206
AmeriHome Mortgage Company, LLC 1 6.38% $10,242
AXIA FINANCIAL, LLC 1 5.63% $12,374
BAY CAPITAL MORTGAGE CORPORATION 1 6.38% $19,453
BAY EQUITY LLC 1 5.63% $15,801
BOKF 1 6.63% $8,531
CHURCHILL MORTGAGE CORPORATION 1 6.25% $10,938
CORNERSTONE HOME LENDING, INC. 1 7.50% $3,067
DATA MORTGAGE, INC. 1 6.00% $4,597
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.25% $12,701
Farmers Bank & Trust 1 5.25% $13,445
FEDERATED MORTGAGE CORP. 1 6.25% $9,954
Firstar Bank 1 5.88% $6,858
FirstBank 1 6.50% $28,710
First Heritage Mortgage, LLC 1 6.75% $12,415
FIRST HOME MORTGAGE CORPORATION 1 6.63% $21,356
First National Bank 1 7.63% $19,849
First State Bank of St. Charles, Missouri 1 6.00% $9,561
Flanagan State Bank 1 6.63% $4,301
Florida Capital Bank 1 5.75% $4,370
Gateway First Bank 1 7.50% $18,404
GERSHMAN INVESTMENT CORP. 1 7.25% $3,208
Gulf Coast Bank and Trust Company 1 6.25% $25,411
HOMESTAR FINANCIAL CORPORATION 1 6.25% $21,693
Hometown Equity Mortgage, LLC 1 7.50% $11,573
KELLER MORTGAGE, LLC 1 5.50% $18,453
LAND HOME FINANCIAL SERVICES, INC. 1 6.25% $11,458
LEADERONE FINANCIAL CORPORATION 1 6.75% $9,229
MICHIGAN MUTUAL, INC. 1 7.13% $6,634
MILEND, INC. 1 6.38% $8,207
MORTGAGE FINANCIAL SERVICES, LLC 1 7.25% $14,169
Nations Lending Corporation 1 6.25% $12,233
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.63% $7,873
NETWORK CAPITAL FUNDING CORPORATION 1 5.25% $22,502
POINT Mortgage 1 6.25% $10,997
PREFERRED LENDING SERVICES, LLC 1 6.75% $9,516
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $13,898
Prosperity Home Mortgage, LLC 1 5.25% $10,195
RESIDENTIAL HOME FUNDING CORP. 1 6.00% $11,831
RUOFF MORTGAGE COMPANY, INC. 1 6.25% $8,636
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 7.13% $14,408
SOUTHERN TRUST MORTGAGE, LLC 1 6.63% $18,258
South State Bank 1 5.25% $7,062
SUCCESS MORTGAGE PARTNERS, INC. 1 7.00% $2,410
Truist 1 5.63% $5,314
Tyndall Federal Credit Union 1 6.75% $4,324
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.75% $725
VAN DYK MORTGAGE CORPORATION 1 6.38% $12,841

The top Crestview VA lender as defined by loan originations is BROKER SOLUTIONS, INC., with 327 VA loans originated. Their average total fees are $11,567, which is $4,667 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Crestview VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($6,552), DSLD MORTGAGE, LLC ($6,780), DHI MORTGAGE COMPANY, LTD. ($6,900), MORTGAGE ONE OF THE SOUTH, INC. ($7,722) and GUARANTEED RATE, INC. ($8,453).

The lowest rate Crestview VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.24%), DHI MORTGAGE COMPANY, LTD. (5.37%), PENTAGON FEDERAL CREDIT UNION (5.53%), PENNYMAC LOAN SERVICES, LLC (5.64%) and MORTGAGE ONE OF THE SOUTH, INC. (5.69%).


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 $398,500 (4.2%) $729,543 (0.0%) 1.48 3,256
2018-02-01 $399,000 (1.7%) $717,782 (-3.0%) 1.45 3,313
2018-03-01 $399,000 (0.0%) $730,276 (-2.0%) 1.40 3,401
2018-04-01 $399,250 (1.1%) $735,377 (0.1%) 1.35 3,472
2018-05-01 $399,450 (0.4%) $737,944 (-0.2%) 1.33 3,477
2018-06-01 $399,999 (0.0%) $736,346 (-1.2%) 1.33 3,541
2018-07-01 $399,000 (-1.0%) $728,970 (-3.1%) 1.33 3,580
2018-08-01 $397,000 (-5.0%) $735,618 (-3.1%) 1.33 3,529
2018-09-01 $399,000 (-2.7%) $725,507 (-3.4%) 1.34 3,537
2018-10-01 $399,450 (-0.6%) $732,231 (-1.5%) 1.35 3,494
2018-11-01 $399,000 (-0.1%) $728,089 (-0.8%) 1.35 3,440
2018-12-01 $417,000 (4.4%) $754,393 (2.3%) 1.44 3,327
2019-01-01 $422,399 (6.0%) $758,325 (4.0%) 1.46 3,184
2019-02-01 $427,500 (7.1%) $771,619 (7.5%) 1.44 3,182
2019-03-01 $450,086 (12.8%) $793,481 (8.7%) 1.47 3,245
2019-04-01 $469,100 (17.5%) $818,991 (11.4%) 1.49 3,323
2019-05-01 $474,950 (18.9%) $843,541 (14.3%) 1.48 3,287
2019-06-01 $477,767 (19.4%) $843,547 (14.6%) 1.49 3,264
2019-07-01 $482,138 (20.8%) $860,762 (18.1%) 1.51 3,221
2019-08-01 $489,034 (23.2%) $873,717 (18.8%) 1.55 3,195
2019-09-01 $495,160 (24.1%) $881,502 (21.5%) 1.58 3,183
2019-10-01 $499,963 (25.2%) $887,141 (21.2%) 1.61 3,173
2019-11-01 $500,000 (25.3%) $885,588 (21.6%) 1.64 3,096
2019-12-01 $499,900 (19.9%) $883,288 (17.1%) 1.67 2,961
2020-01-01 $505,000 (19.6%) $880,533 (16.1%) 1.69 2,800
2020-02-01 $525,000 (22.8%) $901,590 (16.8%) 1.72 2,718
2020-03-01 $530,146 (17.8%) $905,035 (14.1%) 1.66 2,890
2020-04-01 $519,875 (10.8%) $874,087 (6.7%) 1.63 3,121
2020-05-01 $525,000 (10.5%) $881,975 (4.6%) 1.60 3,118
2020-06-01 $499,950 (4.6%) $895,456 (6.2%) 1.47 2,716
2020-07-01 $508,000 (5.4%) $929,291 (8.0%) 1.47 2,460
2020-08-01 $499,000 (2.0%) $941,820 (7.8%) 1.43 2,245
2020-09-01 $497,975 (0.6%) $940,559 (6.7%) 1.43 2,068
2020-10-01 $489,900 (-2.0%) $968,458 (9.2%) 1.40 1,927
2020-11-01 $479,000 (-4.2%) $970,847 (9.6%) 1.40 1,859
2020-12-01 $473,978 (-5.2%) $980,210 (11.0%) 1.41 1,678
2021-01-01 $468,900 (-7.2%) $993,524 (12.8%) 1.40 1,453
2021-02-01 $473,393 (-9.8%) $1,016,333 (12.7%) 1.38 1,174
2021-03-01 $499,000 (-5.9%) $1,055,618 (16.6%) 1.42 1,029
2021-04-01 $565,000 (8.7%) $1,121,784 (28.3%) 1.53 983
2021-05-01 $619,500 (18.0%) $1,162,236 (31.8%) 1.65 1,023
2021-06-01 $599,450 (19.9%) $1,153,952 (28.9%) 1.58 1,182
2021-07-01 $599,900 (18.1%) $1,143,037 (23.0%) 1.58 1,449
2021-08-01 $599,950 (20.2%) $1,128,583 (19.8%) 1.60 1,649
2021-09-01 $609,963 (22.5%) $1,144,800 (21.7%) 1.63 1,683
2021-10-01 $599,900 (22.5%) $1,141,658 (17.9%) 1.60 1,614
2021-11-01 $607,450 (26.8%) $1,143,031 (17.7%) 1.62 1,500
2021-12-01 $601,275 (26.9%) $1,150,481 (17.4%) 1.63 1,295
2022-01-01 $599,909 (27.9%) $1,204,534 (21.2%) 1.62 1,060
2022-02-01 $604,725 (27.7%) $1,268,593 (24.8%) 1.57 859
2022-03-01 $620,799 (24.4%) $1,301,722 (23.3%) 1.55 930
2022-04-01 $646,485 (14.4%) $1,347,231 (20.1%) 1.54 1,163
2022-05-01 $649,500 (4.8%) $1,341,620 (15.4%) 1.48 1,521
2022-06-01 $685,800 (14.4%) $1,390,186 (20.5%) 1.53 1,878
2022-07-01 $689,950 (15.0%) $1,394,484 (22.0%) 1.55 2,339
2022-08-01 $667,125 (11.2%) $1,360,971 (20.6%) 1.54 2,496
2022-09-01 $662,500 (8.6%) $1,327,859 (16.0%) 1.55 2,593
2022-10-01 $669,000 (11.5%) $1,320,969 (15.7%) 1.57 2,683
2022-11-01 $648,475 (6.8%) $1,293,765 (13.2%) 1.56 2,736
2022-12-01 $639,900 (6.4%) $1,294,220 (12.5%) 1.58 2,615
2023-01-01 $627,450 (4.6%) $1,271,837 (5.6%) 1.55 2,520
2023-02-01 $632,200 (4.5%) $1,288,481 (1.6%) 1.53 2,468
2023-03-01 $667,450 (7.5%) $1,349,862 (3.7%) 1.57 2,432
2023-04-01 $699,500 (8.2%) $1,405,742 (4.3%) 1.63 2,470
2023-05-01 $719,450 (10.8%) $1,449,095 (8.0%) 1.63 2,546
2023-06-01 $725,000 (5.7%) $1,450,078 (4.3%) 1.63 2,663
2023-07-01 $725,000 (5.1%) $1,429,656 (2.5%) 1.65 2,827
2023-08-01 $719,800 (7.9%) $1,417,101 (4.1%) 1.65 2,941
2023-09-01 $689,500 (4.1%) $1,358,512 (2.3%) 1.61 3,193
2023-10-01 $677,000 (1.2%) $1,319,775 (-0.1%) 1.59 3,330
2023-11-01 $649,450 (0.2%) $1,291,771 (-0.2%) 1.55 3,465
2023-12-01 $639,250 (-0.1%) $1,282,633 (-0.9%) 1.56 3,411
2024-01-01 $637,000 (1.5%) $1,277,571 (0.5%) 1.56 3,379
2024-02-01 $642,350 (1.6%) $1,276,889 (-0.9%) 1.55 3,476
2024-03-01 $644,000 (-3.5%) $1,279,910 (-5.2%) 1.52 3,848
2024-04-01 $647,450 (-7.4%) $1,281,343 (-8.9%) 1.51 4,060
Crestview's median listing price for 2024-04-01 was $647,450, a difference of $-52,050 (-7.4%) versus the prior year and $3,450 versus the prior month.

Crestview's median listing price comes in at 151% of the national average.

Crestview's average listing price for 2024-04-01 was $1,281,343, a difference of $-124,399 (-8.9%) versus the prior year and $1,433 versus the prior month.

For the 2024-04-01 period, Crestview had 4,060 MLS listings, a difference of 212 listings (6%) versus the prior month and 1,590 listings (64%) 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
2018-01-01 102 days 1,965 sqft
2018-02-01 94 days 1,969 sqft
2018-03-01 72 days 1,979 sqft
2018-04-01 67 days 1,978 sqft
2018-05-01 68 days 1,999 sqft
2018-06-01 72 days 2,000 sqft
2018-07-01 78 days 1,978 sqft
2018-08-01 84 days 1,970 sqft
2018-09-01 85 days 1,958 sqft
2018-10-01 89 days 1,933 sqft
2018-11-01 89 days 1,920 sqft
2018-12-01 96 days 1,922 sqft
2019-01-01 101 days 1,923 sqft
2019-02-01 98 days 1,945 sqft
2019-03-01 84 days 1,963 sqft
2019-04-01 69 days 1,980 sqft
2019-05-01 67 days 2,011 sqft
2019-06-01 72 days 1,981 sqft
2019-07-01 76 days 1,978 sqft
2019-08-01 78 days 1,985 sqft
2019-09-01 78 days 2,002 sqft
2019-10-01 79 days 2,012 sqft
2019-11-01 81 days 2,004 sqft
2019-12-01 88 days 2,000 sqft
2020-01-01 93 days 2,005 sqft
2020-02-01 92 days 2,005 sqft
2020-03-01 65 days 2,015 sqft
2020-04-01 65 days 2,008 sqft
2020-05-01 74 days 1,991 sqft
2020-06-01 79 days 1,960 sqft
2020-07-01 61 days 1,980 sqft
2020-08-01 56 days 1,943 sqft
2020-09-01 53 days 1,940 sqft
2020-10-01 56 days 1,904 sqft
2020-11-01 53 days 1,919 sqft
2020-12-01 59 days 1,894 sqft
2021-01-01 64 days 1,920 sqft
2021-02-01 43 days 1,881 sqft
2021-03-01 29 days 1,933 sqft
2021-04-01 22 days 1,957 sqft
2021-05-01 21 days 1,985 sqft
2021-06-01 23 days 1,923 sqft
2021-07-01 27 days 1,927 sqft
2021-08-01 33 days 1,907 sqft
2021-09-01 38 days 1,891 sqft
2021-10-01 45 days 1,870 sqft
2021-11-01 51 days 1,923 sqft
2021-12-01 57 days 1,928 sqft
2022-01-01 61 days 1,933 sqft
2022-02-01 43 days 1,933 sqft
2022-03-01 34 days 1,975 sqft
2022-04-01 33 days 1,999 sqft
2022-05-01 32 days 2,012 sqft
2022-06-01 36 days 2,018 sqft
2022-07-01 42 days 2,008 sqft
2022-08-01 52 days 1,998 sqft
2022-09-01 59 days 2,004 sqft
2022-10-01 64 days 2,010 sqft
2022-11-01 72 days 1,984 sqft
2022-12-01 80 days 1,982 sqft
2023-01-01 85 days 1,984 sqft
2023-02-01 78 days 1,961 sqft
2023-03-01 64 days 1,987 sqft
2023-04-01 59 days 2,000 sqft
2023-05-01 59 days 1,970 sqft
2023-06-01 60 days 1,947 sqft
2023-07-01 63 days 1,952 sqft
2023-08-01 67 days 1,941 sqft
2023-09-01 65 days 1,900 sqft
2023-10-01 66 days 1,865 sqft
2023-11-01 71 days 1,862 sqft
2023-12-01 79 days 1,837 sqft
2024-01-01 87 days 1,830 sqft
2024-02-01 87 days 1,828 sqft
2024-03-01 66 days 1,823 sqft
2024-04-01 65 days 1,826 sqft
Crestview's median listing age (time on market) for 2024-04-01 was 65 days. This is 10% longer than the same period one year ago.

Crestview's median square footage for active listings during the 2024-04-01 period was 1,826 sqft. One year prior, the average listing was 2,000 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.