Fort Lauderdale VA Loan Rates, Closing Costs & Stats

FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL

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    • 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.

    Fort Lauderdale VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fort Lauderdale averaged 0% for the week of 2024-01-05, compared to the national average (all VA variants) of 0% for the same period.

    Fort Lauderdale's average VA mortgage closing costs are $0.

    The average rate for the prior week (2023-12-29) was 0% and one month ago for the week of 2023-12-01, the average rate was 0%.

    The average rate one year ago was 0%.

    For refis of the same type during the week of 2024-01-05, the average rate was 0%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Fort Lauderdale level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs

    The lowest fee Fort Lauderdale VA lenders (with over 10 loans originated) are .

    The lowest rate Fort Lauderdale VA lenders (with over 10 loans originated) are .

    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 $390,000 (4.0%) $877,930 (3.0%) 1.45 46,964
    2018-02-01 $389,950 (3.4%) $876,093 (2.7%) 1.42 48,000
    2018-03-01 $394,900 (3.3%) $877,390 (2.1%) 1.39 48,471
    2018-04-01 $397,250 (3.2%) $878,625 (1.5%) 1.35 48,104
    2018-05-01 $399,000 (2.8%) $878,080 (0.5%) 1.33 47,080
    2018-06-01 $399,000 (3.4%) $876,980 (1.6%) 1.33 46,266
    2018-07-01 $399,000 (2.2%) $872,121 (1.4%) 1.33 45,956
    2018-08-01 $398,750 (2.0%) $864,479 (0.0%) 1.34 45,634
    2018-09-01 $397,500 (1.9%) $863,005 (-0.7%) 1.34 46,079
    2018-10-01 $395,000 (1.4%) $865,294 (0.5%) 1.34 47,545
    2018-11-01 $395,000 (1.3%) $870,080 (0.6%) 1.34 49,390
    2018-12-01 $390,000 (0.0%) $876,932 (0.9%) 1.35 50,364
    2019-01-01 $390,000 (0.0%) $877,272 (-0.1%) 1.35 51,142
    2019-02-01 $390,000 (0.0%) $880,129 (0.5%) 1.32 52,901
    2019-03-01 $393,857 (-0.3%) $880,775 (0.4%) 1.29 52,215
    2019-04-01 $399,000 (0.4%) $885,985 (0.8%) 1.27 50,843
    2019-05-01 $399,900 (0.2%) $894,498 (1.9%) 1.25 49,419
    2019-06-01 $399,995 (0.3%) $888,830 (1.4%) 1.25 47,731
    2019-07-01 $400,000 (0.3%) $887,381 (1.8%) 1.25 46,166
    2019-08-01 $399,727 (0.3%) $881,450 (2.0%) 1.27 45,593
    2019-09-01 $399,318 (0.5%) $884,164 (2.5%) 1.28 45,055
    2019-10-01 $399,295 (1.1%) $890,679 (2.9%) 1.29 44,975
    2019-11-01 $399,900 (1.2%) $914,790 (5.1%) 1.31 45,823
    2019-12-01 $399,900 (2.5%) $928,914 (5.9%) 1.33 45,647
    2020-01-01 $399,000 (2.3%) $936,926 (6.8%) 1.33 44,976
    2020-02-01 $399,900 (2.5%) $942,000 (7.0%) 1.31 45,474
    2020-03-01 $399,950 (1.6%) $943,061 (7.1%) 1.25 45,269
    2020-04-01 $395,000 (-1.0%) $909,493 (2.7%) 1.24 44,432
    2020-05-01 $390,000 (-2.5%) $914,355 (2.2%) 1.19 43,838
    2020-06-01 $399,000 (-0.3%) $928,936 (4.5%) 1.18 42,716
    2020-07-01 $399,450 (-0.1%) $951,326 (7.2%) 1.16 40,288
    2020-08-01 $399,900 (0.0%) $962,157 (9.2%) 1.15 39,108
    2020-09-01 $400,000 (0.2%) $977,449 (10.6%) 1.15 38,036
    2020-10-01 $405,000 (1.4%) $988,892 (11.0%) 1.16 37,486
    2020-11-01 $400,000 (0.0%) $988,801 (8.1%) 1.17 37,078
    2020-12-01 $399,999 (0.0%) $994,308 (7.0%) 1.19 35,995
    2021-01-01 $399,000 (0.0%) $985,980 (5.2%) 1.19 33,468
    2021-02-01 $396,000 (-1.0%) $1,001,301 (6.3%) 1.15 30,512
    2021-03-01 $398,750 (-0.3%) $1,025,276 (8.7%) 1.13 26,860
    2021-04-01 $412,000 (4.3%) $1,061,309 (16.7%) 1.12 24,099
    2021-05-01 $429,000 (10.0%) $1,116,370 (22.1%) 1.14 21,800
    2021-06-01 $449,000 (12.5%) $1,163,849 (25.3%) 1.18 20,633
    2021-07-01 $455,500 (14.0%) $1,159,295 (21.9%) 1.20 20,962
    2021-08-01 $459,500 (14.9%) $1,176,863 (22.3%) 1.23 20,831
    2021-09-01 $467,450 (16.9%) $1,207,975 (23.6%) 1.25 20,298
    2021-10-01 $479,850 (18.5%) $1,260,576 (27.5%) 1.28 19,457
    2021-11-01 $482,500 (20.6%) $1,304,727 (32.0%) 1.29 18,303
    2021-12-01 $492,000 (23.0%) $1,343,447 (35.1%) 1.33 17,026
    2022-01-01 $495,000 (24.1%) $1,399,438 (41.9%) 1.34 15,400
    2022-02-01 $522,450 (31.9%) $1,501,661 (50.0%) 1.36 13,562
    2022-03-01 $544,500 (36.6%) $1,566,457 (52.8%) 1.36 13,063
    2022-04-01 $577,000 (40.1%) $1,616,168 (52.3%) 1.38 12,824
    2022-05-01 $622,000 (45.0%) $1,623,239 (45.4%) 1.42 14,723
    2022-06-01 $625,000 (39.2%) $1,531,062 (31.6%) 1.39 17,323
    2022-07-01 $620,000 (36.1%) $1,432,579 (23.6%) 1.40 21,070
    2022-08-01 $604,250 (31.5%) $1,406,956 (19.6%) 1.40 22,465
    2022-09-01 $599,000 (28.1%) $1,394,037 (15.4%) 1.40 22,563
    2022-10-01 $599,000 (24.8%) $1,407,503 (11.7%) 1.41 23,837
    2022-11-01 $599,000 (24.2%) $1,431,457 (9.7%) 1.44 25,520
    2022-12-01 $595,000 (20.9%) $1,461,505 (8.8%) 1.47 25,915
    2023-01-01 $595,000 (20.2%) $1,471,482 (5.2%) 1.48 25,923
    2023-02-01 $599,000 (14.7%) $1,504,246 (0.2%) 1.45 25,465
    2023-03-01 $599,444 (10.1%) $1,521,538 (-2.9%) 1.41 24,539
    2023-04-01 $605,000 (4.9%) $1,570,063 (-2.9%) 1.41 23,341
    2023-05-01 $607,945 (-2.3%) $1,580,256 (-2.7%) 1.38 22,853
    2023-06-01 $604,924 (-3.2%) $1,548,264 (1.1%) 1.36 22,582
    2023-07-01 $601,990 (-2.9%) $1,497,098 (4.5%) 1.37 22,403
    2023-08-01 $600,000 (-0.7%) $1,468,712 (4.4%) 1.38 22,488
    2023-09-01 $599,000 (0.0%) $1,445,209 (3.7%) 1.39 24,077
    2023-10-01 $598,500 (-0.1%) $1,453,940 (3.3%) 1.41 26,415
    2023-11-01 $594,973 (-0.7%) $1,473,559 (2.9%) 1.42 29,158
    Fort Lauderdale's median listing price for 2023-11-01 was $594,973, a difference of $-4,027 (-0.7%) versus the prior year and $-3,527 versus the prior month.

    Fort Lauderdale's median listing price comes in at 142% of the national average.

    Fort Lauderdale's average listing price for 2023-11-01 was $1,473,559, a difference of $42,102 (2.9%) versus the prior year and $19,619 versus the prior month.

    For the 2023-11-01 period, Fort Lauderdale had 29,158 MLS listings, a difference of 2,743 listings (10%) versus the prior month and 3,638 listings (14%) 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 81 days 1,498 sqft
    2018-02-01 78 days 1,500 sqft
    2018-03-01 72 days 1,500 sqft
    2018-04-01 74 days 1,502 sqft
    2018-05-01 76 days 1,507 sqft
    2018-06-01 79 days 1,515 sqft
    2018-07-01 80 days 1,517 sqft
    2018-08-01 81 days 1,513 sqft
    2018-09-01 81 days 1,510 sqft
    2018-10-01 78 days 1,507 sqft
    2018-11-01 75 days 1,510 sqft
    2018-12-01 79 days 1,507 sqft
    2019-01-01 83 days 1,505 sqft
    2019-02-01 81 days 1,507 sqft
    2019-03-01 79 days 1,512 sqft
    2019-04-01 78 days 1,520 sqft
    2019-05-01 81 days 1,526 sqft
    2019-06-01 85 days 1,527 sqft
    2019-07-01 86 days 1,530 sqft
    2019-08-01 86 days 1,524 sqft
    2019-09-01 86 days 1,515 sqft
    2019-10-01 85 days 1,508 sqft
    2019-11-01 81 days 1,506 sqft
    2019-12-01 84 days 1,500 sqft
    2020-01-01 87 days 1,499 sqft
    2020-02-01 82 days 1,488 sqft
    2020-03-01 74 days 1,485 sqft
    2020-04-01 82 days 1,461 sqft
    2020-05-01 94 days 1,450 sqft
    2020-06-01 103 days 1,436 sqft
    2020-07-01 96 days 1,405 sqft
    2020-08-01 82 days 1,389 sqft
    2020-09-01 81 days 1,380 sqft
    2020-10-01 81 days 1,375 sqft
    2020-11-01 79 days 1,366 sqft
    2020-12-01 81 days 1,357 sqft
    2021-01-01 83 days 1,333 sqft
    2021-02-01 75 days 1,302 sqft
    2021-03-01 64 days 1,291 sqft
    2021-04-01 60 days 1,296 sqft
    2021-05-01 56 days 1,311 sqft
    2021-06-01 53 days 1,341 sqft
    2021-07-01 52 days 1,361 sqft
    2021-08-01 53 days 1,365 sqft
    2021-09-01 54 days 1,369 sqft
    2021-10-01 55 days 1,376 sqft
    2021-11-01 56 days 1,376 sqft
    2021-12-01 58 days 1,366 sqft
    2022-01-01 61 days 1,356 sqft
    2022-02-01 48 days 1,363 sqft
    2022-03-01 40 days 1,387 sqft
    2022-04-01 40 days 1,434 sqft
    2022-05-01 36 days 1,487 sqft
    2022-06-01 37 days 1,500 sqft
    2022-07-01 40 days 1,512 sqft
    2022-08-01 49 days 1,513 sqft
    2022-09-01 57 days 1,513 sqft
    2022-10-01 60 days 1,518 sqft
    2022-11-01 61 days 1,515 sqft
    2022-12-01 66 days 1,500 sqft
    2023-01-01 72 days 1,488 sqft
    2023-02-01 67 days 1,472 sqft
    2023-03-01 60 days 1,460 sqft
    2023-04-01 63 days 1,452 sqft
    2023-05-01 63 days 1,441 sqft
    2023-06-01 62 days 1,441 sqft
    2023-07-01 64 days 1,434 sqft
    2023-08-01 62 days 1,425 sqft
    2023-09-01 58 days 1,416 sqft
    2023-10-01 56 days 1,421 sqft
    2023-11-01 57 days 1,425 sqft
    Fort Lauderdale's median listing age (time on market) for 2023-11-01 was 57 days. This is -7% shorter than the same period one year ago.

    Fort Lauderdale's median square footage for active listings during the 2023-11-01 period was 1,425 sqft. One year prior, the average listing was 1,515 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.