Fort Lauderdale VA Loans

FORT LAUDERDALE-POMPANO BEACH-SUNRISE, 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.

Fort Lauderdale's 193 lenders originated 3,443 VA loans during 2021. The total origination value was $1,288,455,000, with an average VA loan value of $374,225.

Fort Lauderdale VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Fort Lauderdale averaged 4.96% for the week of 2022-03-25, compared to the national average (all VA variants) of 4.399% for the same period.

The average rate for the prior week (2022-03-18) was 4.44% and one month ago for the week of 2022-02-18, the average rate was 4.45%.

The average rate one year ago was 3.33%.

For refis of the same type during the week of 2022-03-25, the average rate was 4.47%.

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

Fort Lauderdale 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 Fort Lauderdale level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 307 2.46% $6,265
FREEDOM MORTGAGE CORPORATION 291 2.49% $4,972
Mortgage Research Center, LLC 273 2.79% $9,687
UNITED WHOLESALE MORTGAGE, LLC 178 2.58% $9,014
PENNYMAC LOAN SERVICES, LLC 132 2.35% $7,729
NAVY FEDERAL CREDIT UNION 128 2.49% $7,185
CALIBER HOME LOANS, INC. 114 2.63% $7,451
LOANDEPOT.COM, LLC 92 2.58% $7,408
USAA Federal Savings Bank 82 2.87% $5,556
VILLAGE CAPITAL & INVESTMENT LLC 68 2.33% $5,435
LAKEVIEW LOAN SERVICING, LLC 64 2.45% $2,932
NEW DAY FINANCIAL, LLC 61 2.80% $9,550
CROSSCOUNTRY MORTGAGE, LLC 60 2.90% $9,605
HOME POINT FINANCIAL CORPORATION 54 2.52% $7,588
Paramount Residential Mortgage Group, Inc. 52 3.02% $10,533
Mr. Cooper ( Nationstar Mortgage ) 51 2.62% $3,979
Lakeview Community Capital, LLC 50 2.46% $2,730
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 42 2.96% $12,460
PENTAGON FEDERAL CREDIT UNION 38 2.34% $3,246
CLEARPATH LENDING 37 2.29% $5,583
GUARANTEED RATE, INC. 36 2.67% $7,440
NEWREZ LLC 32 2.65% $4,418
Wells Fargo Bank 30 2.47% $4,899
Flagstar Bank, FSB 26 2.69% $8,923
EAGLE HOME MORTGAGE, LLC 25 2.87% $12,898
Carrington Mortgage Services, LLC 23 3.02% $8,841
The Federal Savings Bank 23 2.51% $8,495
Barrington Bank & Trust Company, N.A. 22 2.86% $5,556
BROKER SOLUTIONS, INC. 21 2.86% $9,489
PRIMARY RESIDENTIAL MORTGAGE, INC. 20 3.10% $10,807
THE MORTGAGE FIRM, INC. 20 2.73% $9,567
HOMEBRIDGE FINANCIAL SERVICES, INC. 19 2.56% $7,181
HAMILTON HOME LOANS, INC. 18 2.95% $9,188
AMERICAN FINANCIAL NETWORK, INC. 17 2.80% $20,343
PLANET HOME LENDING, LLC 17 2.44% $3,963
Commerce Home Mortgage, Inc. 16 2.83% $9,369
AMERISAVE MORTGAGE CORPORATION 16 2.58% $7,902
Low VA Rates, LLC 16 2.49% $4,501
SUN WEST MORTGAGE COMPANY, INC. 15 2.36% $5,003
NP, Inc. 15 2.58% $6,752
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 14 2.62% $11,528
ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 2.91% $10,588
InterContinental Capital Group, Inc 13 2.40% $5,022
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 12 2.59% $16,813
First Guaranty Mortgage Corporation 11 2.35% $4,500
PLAZA HOME MORTGAGE, INC. 11 2.69% $12,994
CAPITAL PARTNERS MORTGAGE, LLC 11 2.97% $11,221
NBKC BANK 10 2.46% $4,804
Mid-Continent Funding, Inc. 9 2.71% $7,530
North American Savings Bank, F.S.B. 9 2.39% $6,092
TOWNE MORTGAGE COMPANY 9 2.73% $8,331
Strong Home Mortgage, LLC 8 2.50% $5,678
MUTUAL OF OMAHA MORTGAGE, INC. 8 2.38% $3,836
MOVEMENT MORTGAGE, LLC 7 2.89% $7,287
KS StateBank 7 2.59% $9,020
AmeriHome Mortgage Company, LLC 7 2.71% $3,848
BNC National Bank 7 2.27% $5,293
CMG MORTGAGE, INC. 7 3.18% $7,897
NETWORK CAPITAL FUNDING CORPORATION 7 2.54% $10,324
VAN DYK MORTGAGE CORPORATION 7 2.70% $5,318
Magnolia Bank 6 2.48% $8,195
First Federal Bank 6 2.60% $8,236
GUARANTEED RATE AFFINITY, LLC 6 2.67% $5,461
UNION HOME MORTGAGE CORP. 6 2.27% $6,821
FBC MORTGAGE, LLC 5 2.72% $4,414
Wyndham Capital Mortgage, Inc. 5 2.40% $2,698
EMBRACE HOME LOANS, INC. 5 2.55% $4,208
Northpointe Bank 5 2.48% $9,594
ACCELERATE MORTGAGE, LLC 5 2.35% $5,769
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 2.75% $15,598
EVERETT FINANCIAL, INC. 5 3.18% $8,353
Equity Prime Mortgage LLC 5 3.53% $7,528
Community First National Bank 4 2.66% $6,017
FIRST EQUITY MORTGAGE BANKERS, INC. 4 3.03% $11,535
Prime Choice Funding Inc. 4 2.28% $5,988
Truist Bank 4 2.86% $6,303
1ST FINANCIAL, INC. 4 3.05% $6,780
BANKERS MORTGAGE LENDING, INC. 4 2.84% $10,484
Prosperity Home Mortgage, LLC 4 2.59% $6,163
Nations Lending Corporation 4 3.03% $5,179
PULTE MORTGAGE LLC 4 3.06% $6,111
COLUMBUS CAPITAL LENDING, LLC 4 2.91% $14,853
PARKSIDE LENDING, LLC 4 2.69% $7,289
First Mortgage Solutions, LLC 4 2.25% $8,987
Citizens Bank 4 2.78% $6,890
Bank of England 3 2.38% $5,292
AMERICAN FINANCING CORPORATION 3 2.29% $8,070
Capital Bank 3 2.63% $5,020
CELEBRITY HOME LOANS, LLC 3 2.79% $25,213
First Midwest Bank 3 2.42% $3,526
First Savings Bank 3 2.83% $12,306
HOMESIDE FINANCIAL, LLC 3 2.42% $3,551
LENDING 3, INC. 3 2.42% $5,773
Manufacturers and Traders Trust Company 3 2.54% $4,089
Meridian Bank Corporation 3 2.33% $5,639
MORTGAGE EQUITY PARTNERS LLC 3 2.92% $11,149
PNC Bank 3 2.75% $9,580
U.S. Bank 3 2.58% $16,032
GENEVA FINANCIAL, LLC 2 2.50% $16,546
BRIGHTSTAR 2 2.75% $4,683
PANORAMA MORTGAGE GROUP, LLC 2 3.15% $5,945
AmRes Corporation 2 2.56% $9,715
SWBC MORTGAGE CORPORATION 2 3.25% $6,099
Paramount Bank 2 2.63% $13,604
The Central Trust Bank 2 2.25% $2,440
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 2.94% $7,776
AMERIFIRST FINANCIAL CORPORATION 2 3.38% $28,358
TIAA, FSB 2 2.50% $15,005
FAIRWAY FUNDING GROUP, INC. 2 2.37% $2,517
CHURCHILL MORTGAGE CORPORATION 2 2.56% $8,107
RADIUS FINANCIAL GROUP INC. 2 2.50% $6,526
FINANCE OF AMERICA MORTGAGE LLC 2 2.56% $4,863
Ross Mortgage Company, Inc. 2 2.69% $10,144
S1L, Inc. 2 2.50% $15,980
Tyndall Federal Credit Union 2 2.63% $6,353
Mortgage Lenders Investment Trading Corporation 2 2.50% $10,568
SECURITYNATIONAL MORTGAGE COMPANY 2 3.38% $15,516
Gateway First Bank 2 2.88% $9,900
NVR Mortgage Finance, Inc. 2 2.63% $16,369
ZILLOW HOME LOANS, LLC 2 2.69% $7,506
SOVEREIGN LENDING GROUP INCORPORATED 2 2.81% $3,990
IMPAC MORTGAGE CORP. 2 2.63% $6,605
Ixonia Bank 2 3.00% $7,039
Hometown Equity Mortgage, LLC 2 3.69% $6,181
STEARNS LENDING, LLC 2 2.69% $7,155
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 2 2.75% $9,158
NTFN, INC. 1 3.13% $5,754
OCMBC, INC. 1 3.25% $35,779
OVM FINANCIAL, INC. 1 2.88% $3,097
CORNERSTONE HOME LENDING, INC. 1 2.75% $11,862
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 2.75% $6,419
CHAMPIONS MORTGAGE LLC 1 1.99% $10,664
Plains Commerce Bank 1 2.25% $3,067
Century Mortgage Company DBA Century Lending Company 1 3.00% $11,639
CALCON MUTUAL MORTGAGE LLC 1 3.75% $10,507
ABSOLUTE HOME MORTGAGE CORPORATION 1 2.25% $4,622
PREMIA MORTGAGE, LLC 1 2.25% $10,369
BAYSHORE MORTGAGE FUNDING, LLC 1 3.25% $12,398
BAY EQUITY LLC 1 2.75% $10,261
Armed Forces Bank 1 2.25% $3,684
ARC HOME LLC 1 2.75% $386
APEX HOME LOANS, INC. 1 2.88% $19,531
RESIDENTIAL HOME FUNDING CORP. 1 3.88% $19,298
SeaTrust Mortgage Company 1 2.88% $4,122
SIRVA MORTGAGE, INC. 1 2.38% $9,240
SOUTHERN TRUST MORTGAGE, LLC 1 2.75% $0
SPACE COAST Credit Union 1 2.88% $13,382
STOCKTON MORTGAGE CORPORATION 1 2.25% $3,347
ANGEL OAK HOME LOANS LLC 1 2.50% $2,350
SUCCESS MORTGAGE PARTNERS, INC. 1 3.13% $9,610
TBI MORTGAGE COMPANY 1 2.88% $7,607
Ameris Bank 1 2.25% $4,690
TIDEWATER MORTGAGE SERVICES, INC. 1 3.00% $30,163
TJC Mortgage, Inc. 1 2.25% $3,477
Towne Bank 1 2.25% $2,652
American Security Mortgage Corp. 1 2.50% $21,857
TruHome Solutions, LLC 1 3.00% $5,351
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.63% $24,637
AMERICAN ADVISORS GROUP 1 2.63% $9,154
UNITED MORTGAGE CORP. 1 2.75% $5,952
AMCAP MORTGAGE, LTD. 1 3.13% $6,270
ALLIED MORTGAGE GROUP, INC. 1 2.50% $2,474
INTERCOASTAL MORTGAGE COMPANY 1 2.38% $5,146
JMAC LENDING, INC. 1 2.63% $24,423
JMJ FINANCIAL GROUP 1 2.75% $26,006
J. VIRGIL, INC. 1 2.75% $6,789
Hometown Lenders, Inc. 1 2.75% $26,807
HOMESTEAD FUNDING CORP. 1 2.38% $23,316
LEADERONE FINANCIAL CORPORATION 1 2.63% $15,304
Advisors Mortgage Group, L.L.C. 1 2.88% $6,484
LENOX FINANCIAL MORTGAGE CORPORATION 1 2.38% $6,352
HighTechLending Inc 1 2.25% $5,319
GUILD MORTGAGE COMPANY 1 2.25% $4,950
Advance Financial Group, LLC 1 2.25% $1,126
MATTAMY HOME FUNDING, LLC 1 3.75% $7,722
ACADEMY MORTGAGE CORPORATION 1 3.25% $13,027
MID AMERICA MORTGAGE, INC. 1 2.75% $6,162
West Town Bank & Trust 1 2.75% $9,365
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $0
FOUNDATION MORTGAGE CORPORATION 1 2.38% $12,570
First Option Mortgage, LLC 1 3.25% $23,563
First Home Bank 1 4.25% $22,336
NATIONS DIRECT MORTGAGE, LLC 1 1.99% $8,970
FIRST FLORIDA Credit Union 1 3.25% $3,826
FIRST ALLIANCE HOME MORTGAGE, LLC 1 2.75% $6,094
NBH Bank 1 2.37% $2,839
FIDELITY FUNDING MORTGAGE CORP. 1 2.25% $4,757
FEDEX EMPLOYEES CREDIT ASSOCIATION 1 2.50% $15,751
FAMILY FIRST FUNDING LLC 1 2.38% $11,530
NewTowne Mortgage, LLC 1 2.75% $14,869
NFM, INC. 1 3.00% $19,943
DYBN FINANCIAL CORP. 1 2.50% $5,343
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.88% $3,284

The top Fort Lauderdale VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 307 VA loans originated. Their average total fees are $6,265, which is $1,293 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Fort Lauderdale VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,730), LAKEVIEW LOAN SERVICING, LLC ($2,932), PENTAGON FEDERAL CREDIT UNION ($3,246), PLANET HOME LENDING, LLC ($3,963) and Mr. Cooper ( Nationstar Mortgage ) ($3,979).

The lowest rate Fort Lauderdale VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.29%), VILLAGE CAPITAL & INVESTMENT LLC (2.33%), PENTAGON FEDERAL CREDIT UNION (2.34%), PENNYMAC LOAN SERVICES, LLC (2.35%) and First Guaranty Mortgage Corporation (2.35%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fort Lauderdale (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 $396,156 (4.3%) $918,614 (2.8%) 1.46 47,888
2018-02-01 $395,000 (3.4%) $918,452 (2.8%) 1.42 48,934
2018-03-01 $398,000 (2.3%) $919,255 (2.2%) 1.38 49,490
2018-04-01 $399,000 (2.3%) $919,912 (0.6%) 1.34 49,075
2018-05-01 $399,700 (1.2%) $916,176 (-0.2%) 1.33 48,034
2018-06-01 $399,999 (2.6%) $911,815 (0.5%) 1.33 47,153
2018-07-01 $399,900 (0.2%) $905,816 (0.6%) 1.33 46,869
2018-08-01 $399,250 (0.6%) $898,559 (0.0%) 1.33 46,483
2018-09-01 $399,000 (0.5%) $896,427 (-0.8%) 1.33 46,852
2018-10-01 $399,000 (1.0%) $903,016 (0.3%) 1.33 48,425
2018-11-01 $398,000 (0.3%) $908,836 (0.4%) 1.33 50,373
2018-12-01 $395,000 (0.0%) $917,567 (0.5%) 1.35 51,461
2019-01-01 $395,000 (-0.3%) $919,360 (0.1%) 1.36 52,278
2019-02-01 $395,000 (0.0%) $923,299 (0.5%) 1.32 54,082
2019-03-01 $398,285 (0.1%) $930,975 (1.3%) 1.30 53,304
2019-04-01 $400,000 (0.3%) $942,457 (2.5%) 1.26 51,880
2019-05-01 $409,500 (2.5%) $946,388 (3.3%) 1.26 50,393
2019-06-01 $410,000 (2.5%) $940,863 (3.2%) 1.26 48,676
2019-07-01 $410,000 (2.5%) $927,931 (2.4%) 1.27 47,062
2019-08-01 $406,996 (1.9%) $927,093 (3.2%) 1.28 45,954
2019-09-01 $402,199 (0.8%) $932,917 (4.1%) 1.28 45,034
2019-10-01 $409,950 (2.7%) $950,708 (5.3%) 1.31 45,856
2019-11-01 $411,648 (3.4%) $976,683 (7.5%) 1.33 46,837
2019-12-01 $411,328 (4.1%) $1,000,574 (9.1%) 1.37 46,952
2020-01-01 $411,000 (4.1%) $1,011,537 (10.0%) 1.37 45,959
2020-02-01 $415,000 (5.1%) $1,015,586 (10.0%) 1.34 46,345
2020-03-01 $417,420 (4.8%) $1,019,233 (9.5%) 1.30 46,202
2020-04-01 $399,450 (-0.1%) $971,050 (3.0%) 1.24 45,487
2020-05-01 $399,000 (-2.6%) $969,464 (2.4%) 1.21 44,864
2020-06-01 $402,500 (-1.8%) $987,712 (5.0%) 1.18 43,617
2020-07-01 $410,000 (0.0%) $1,007,234 (8.6%) 1.17 41,127
2020-08-01 $410,000 (0.7%) $1,012,514 (9.2%) 1.17 39,893
2020-09-01 $419,000 (4.2%) $1,041,235 (11.6%) 1.20 38,783
2020-10-01 $419,900 (2.4%) $1,053,210 (10.8%) 1.20 38,193
2020-11-01 $415,000 (0.8%) $1,047,388 (7.2%) 1.19 37,904
2020-12-01 $415,000 (0.9%) $1,058,106 (5.8%) 1.22 36,745
2021-01-01 $400,000 (-2.7%) $1,048,760 (3.7%) 1.18 34,030
2021-02-01 $399,000 (-3.9%) $1,063,442 (4.7%) 1.15 30,964
2021-03-01 $399,750 (-4.2%) $1,089,053 (6.9%) 1.12 27,219
2021-04-01 $417,450 (4.5%) $1,103,545 (13.6%) 1.12 24,319
2021-05-01 $430,000 (7.8%) $1,158,702 (19.5%) 1.13 21,962
2021-06-01 $449,750 (11.7%) $1,207,559 (22.3%) 1.17 20,816
2021-07-01 $458,950 (11.9%) $1,201,378 (19.3%) 1.19 21,067
2021-08-01 $462,450 (12.8%) $1,216,657 (20.2%) 1.22 20,996
2021-09-01 $472,400 (12.7%) $1,250,256 (20.1%) 1.24 20,451
2021-10-01 $480,000 (14.3%) $1,301,294 (23.6%) 1.26 19,637
2021-11-01 $487,000 (17.4%) $1,364,494 (30.3%) 1.28 18,469
2021-12-01 $495,000 (19.3%) $1,400,791 (32.4%) 1.32 17,232
2022-01-01 $499,000 (24.8%) $1,460,755 (39.3%) 1.33 15,526
Fort Lauderdale's median listing price for 2022-01-01 was $499,000, a difference of $99,000 (24.8%) versus the prior year and $4,000 versus the prior month.

Fort Lauderdale's median listing price comes in at 133% of the national average.

Fort Lauderdale's average listing price for 2022-01-01 was $1,460,755, a difference of $411,995 (39.3%) versus the prior year and $59,964 versus the prior month.

For the 2022-01-01 period, Fort Lauderdale had 15,526 MLS listings, a difference of -1,706 listings (-10%) versus the prior month and -18,504 listings (-54%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fort Lauderdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 90 days 1,508 sqft
2018-02-01 88 days 1,510 sqft
2018-03-01 82 days 1,511 sqft
2018-04-01 83 days 1,520 sqft
2018-05-01 86 days 1,521 sqft
2018-06-01 89 days 1,529 sqft
2018-07-01 92 days 1,529 sqft
2018-08-01 93 days 1,526 sqft
2018-09-01 93 days 1,522 sqft
2018-10-01 89 days 1,520 sqft
2018-11-01 87 days 1,524 sqft
2018-12-01 88 days 1,522 sqft
2019-01-01 93 days 1,520 sqft
2019-02-01 92 days 1,523 sqft
2019-03-01 87 days 1,531 sqft
2019-04-01 85 days 1,543 sqft
2019-05-01 90 days 1,549 sqft
2019-06-01 93 days 1,550 sqft
2019-07-01 96 days 1,548 sqft
2019-08-01 98 days 1,541 sqft
2019-09-01 99 days 1,532 sqft
2019-10-01 94 days 1,530 sqft
2019-11-01 91 days 1,530 sqft
2019-12-01 88 days 1,522 sqft
2020-01-01 92 days 1,520 sqft
2020-02-01 89 days 1,508 sqft
2020-03-01 84 days 1,504 sqft
2020-04-01 90 days 1,485 sqft
2020-05-01 103 days 1,477 sqft
2020-06-01 113 days 1,457 sqft
2020-07-01 118 days 1,426 sqft
2020-08-01 92 days 1,409 sqft
2020-09-01 92 days 1,389 sqft
2020-10-01 91 days 1,385 sqft
2020-11-01 91 days 1,380 sqft
2020-12-01 91 days 1,368 sqft
2021-01-01 94 days 1,345 sqft
2021-02-01 88 days 1,306 sqft
2021-03-01 76 days 1,296 sqft
2021-04-01 71 days 1,304 sqft
2021-05-01 65 days 1,318 sqft
2021-06-01 60 days 1,348 sqft
2021-07-01 58 days 1,369 sqft
2021-08-01 58 days 1,373 sqft
2021-09-01 59 days 1,377 sqft
2021-10-01 59 days 1,383 sqft
2021-11-01 59 days 1,383 sqft
2021-12-01 60 days 1,376 sqft
2022-01-01 65 days 1,366 sqft
Fort Lauderdale's median listing age (time on market) for 2022-01-01 was 65 days. This is -31% shorter than the same period one year ago.

Fort Lauderdale's median square footage for active listings during the 2022-01-01 period was 1,366 sqft. One year prior, the average listing was 1,345 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.