Gainesville VA Loans
GAINESVILLE, 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.
Gainesville's 113 lenders originated 985 VA
loans during 2021. The total origination value was $253,945,000, with an average VA loan value of
$257,812.
Gainesville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Gainesville
averaged
5.44%
for the week of 2022-05-20, compared to the national average (all VA variants) of
5.143% for the same period.
The average rate for the prior week (2022-05-13) was
5.65% and
one month ago for the week of 2022-04-15, the
average rate was 5.01%.
The average rate one year ago was 3.2%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.19%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Gainesville 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 Gainesville level.
Name |
# of Loans |
2021 Avg. 30yFix Rate |
2021 Avg. Total Fees |
Mortgage Research Center, LLC
|
106
|
2.85%
|
$6,221
|
QUICKEN LOANS, LLC
|
78
|
2.55%
|
$4,330
|
FREEDOM MORTGAGE CORPORATION
|
58
|
2.50%
|
$3,540
|
PENNYMAC LOAN SERVICES, LLC
|
41
|
2.50%
|
$5,229
|
USAA Federal Savings Bank
|
32
|
2.82%
|
$5,570
|
NAVY FEDERAL CREDIT UNION
|
31
|
2.53%
|
$4,610
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
31
|
3.05%
|
$6,787
|
UNITED WHOLESALE MORTGAGE, LLC
|
28
|
2.57%
|
$8,161
|
LOANDEPOT.COM, LLC
|
24
|
2.53%
|
$5,087
|
NEW DAY FINANCIAL, LLC
|
23
|
2.74%
|
$7,399
|
VILLAGE CAPITAL & INVESTMENT LLC
|
23
|
2.40%
|
$2,473
|
DHI MORTGAGE COMPANY, LTD.
|
19
|
2.82%
|
$6,861
|
Mortgage Lenders Investment Trading Corporation
|
18
|
2.92%
|
$9,522
|
AMERICAN FINANCIAL NETWORK, INC.
|
17
|
3.04%
|
$16,799
|
FBC MORTGAGE, LLC
|
16
|
2.77%
|
$8,964
|
First Federal Bank
|
14
|
4.50%
|
$6,121
|
CALIBER HOME LOANS, INC.
|
14
|
2.49%
|
$2,555
|
Ameris Bank
|
13
|
2.73%
|
$7,760
|
HOME POINT FINANCIAL CORPORATION
|
12
|
2.47%
|
$5,381
|
LAKEVIEW LOAN SERVICING, LLC
|
12
|
2.66%
|
$2,238
|
UNION HOME MORTGAGE CORP.
|
11
|
2.91%
|
$5,750
|
MOVEMENT MORTGAGE, LLC
|
11
|
2.95%
|
$4,431
|
Mr. Cooper ( Nationstar Mortgage )
|
10
|
2.96%
|
$2,917
|
Advisors Mortgage Group, L.L.C.
|
10
|
2.63%
|
$6,765
|
NEWREZ LLC
|
9
|
2.76%
|
$4,001
|
Barrington Bank & Trust Company, N.A.
|
9
|
2.92%
|
$3,454
|
Nations Lending Corporation
|
8
|
2.92%
|
$4,875
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
8
|
3.10%
|
$7,148
|
Equity Prime Mortgage LLC
|
7
|
3.79%
|
$13,391
|
THE MORTGAGE FIRM, INC.
|
7
|
3.07%
|
$10,162
|
CLEARPATH LENDING
|
7
|
2.25%
|
$6,301
|
Low VA Rates, LLC
|
7
|
2.55%
|
$5,069
|
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
|
7
|
3.11%
|
$10,519
|
GUARANTEED RATE, INC.
|
6
|
2.79%
|
$11,407
|
Paramount Residential Mortgage Group, Inc.
|
6
|
3.19%
|
$6,935
|
PENTAGON FEDERAL CREDIT UNION
|
6
|
2.35%
|
$2,945
|
AMERIFIRST FINANCIAL CORPORATION
|
5
|
2.85%
|
$5,348
|
PLANET HOME LENDING, LLC
|
5
|
2.55%
|
$1,753
|
The Federal Savings Bank
|
5
|
2.48%
|
$8,837
|
Capital City Home Loans, LLC
|
5
|
3.28%
|
$6,977
|
Carrington Mortgage Services, LLC
|
5
|
2.53%
|
$5,686
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
5
|
3.18%
|
$8,653
|
Mid-Continent Funding, Inc.
|
5
|
2.75%
|
$4,836
|
Commerce Home Mortgage, Inc.
|
4
|
2.56%
|
$3,384
|
AMERICAN FINANCING CORPORATION
|
4
|
2.66%
|
$6,582
|
BROKER SOLUTIONS, INC.
|
4
|
2.66%
|
$4,796
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
4
|
3.09%
|
$7,466
|
Truist Bank
|
3
|
2.66%
|
$3,939
|
STOCKTON MORTGAGE CORPORATION
|
3
|
3.33%
|
$3,440
|
CROSSCOUNTRY MORTGAGE, LLC
|
3
|
2.88%
|
$7,262
|
AMERISAVE MORTGAGE CORPORATION
|
3
|
2.46%
|
$4,743
|
LEADERONE FINANCIAL CORPORATION
|
3
|
2.79%
|
$4,686
|
North American Savings Bank, F.S.B.
|
3
|
2.42%
|
$5,976
|
Wells Fargo Bank
|
3
|
2.75%
|
$2,043
|
First Home Bank
|
3
|
2.92%
|
$26,280
|
Ixonia Bank
|
2
|
2.81%
|
$4,194
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
2
|
3.44%
|
$3,173
|
Midwest Mortgage Associates Corporation
|
2
|
2.81%
|
$4,116
|
ACCELERATE MORTGAGE, LLC
|
2
|
2.25%
|
$6,369
|
WATSON MORTGAGE CORP.
|
2
|
2.50%
|
$12,795
|
Plains Commerce Bank
|
2
|
2.56%
|
$8,357
|
NATIONS DIRECT MORTGAGE, LLC
|
2
|
3.00%
|
$4,678
|
NP, Inc.
|
2
|
2.31%
|
$3,579
|
NBKC BANK
|
2
|
2.63%
|
$5,687
|
HAMILTON HOME LOANS, INC.
|
2
|
3.13%
|
$5,847
|
SUN WEST MORTGAGE COMPANY, INC.
|
2
|
2.25%
|
$2,495
|
SOUTHWEST STAGE FUNDING, LLC
|
2
|
3.38%
|
$2,187
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
2
|
2.63%
|
$9,858
|
Prosperity Home Mortgage, LLC
|
2
|
2.69%
|
$3,023
|
InterContinental Capital Group, Inc
|
2
|
2.44%
|
$5,358
|
KS StateBank
|
1
|
2.38%
|
$9,579
|
ACADEMY MORTGAGE CORPORATION
|
1
|
3.25%
|
$4,394
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
3.50%
|
$2,222
|
Arvest Bank
|
1
|
2.75%
|
$2,088
|
Assurance Financial Group, L.L.C.
|
1
|
2.25%
|
$4,098
|
Blue Ridge Bank
|
1
|
2.63%
|
$7,702
|
CALCON MUTUAL MORTGAGE LLC
|
1
|
4.00%
|
$7,693
|
Capital Bank
|
1
|
2.75%
|
$10,839
|
CELEBRITY HOME LOANS, LLC
|
1
|
3.00%
|
$1,999
|
Centennial Bank
|
1
|
3.13%
|
$15,522
|
CMG MORTGAGE, INC.
|
1
|
2.75%
|
$2,829
|
Credence Funding Corporation
|
1
|
2.25%
|
$2,604
|
DAS Acquisition Company, LLC
|
1
|
3.00%
|
$23,349
|
DIRECT LENDERS, LLC
|
1
|
3.13%
|
$16,664
|
EAGLE HOME MORTGAGE, LLC
|
1
|
2.50%
|
$7,325
|
EMBRACE HOME LOANS, INC.
|
1
|
2.99%
|
$5,130
|
FINANCE OF AMERICA MORTGAGE LLC
|
1
|
2.25%
|
$8,350
|
First Midwest Bank
|
1
|
2.50%
|
$7,225
|
First Mortgage Solutions, LLC
|
1
|
2.00%
|
$4,250
|
First Savings Bank
|
1
|
2.50%
|
$14,578
|
Flagstar Bank, FSB
|
1
|
2.89%
|
$3,795
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
1
|
2.75%
|
$3,172
|
GUARANTEED RATE AFFINITY, LLC
|
1
|
2.63%
|
$2,055
|
HOMESIDE FINANCIAL, LLC
|
1
|
3.25%
|
$2,744
|
HOMESTAR FINANCIAL CORPORATION
|
1
|
3.00%
|
$16,417
|
ABSOLUTE HOME MORTGAGE CORPORATION
|
1
|
3.00%
|
$9,658
|
Lakeview Community Capital, LLC
|
1
|
2.25%
|
$4,400
|
LOANPAL, LLC
|
1
|
2.25%
|
$2,936
|
MID AMERICA MORTGAGE, INC.
|
1
|
2.00%
|
$3,743
|
Mortgage Unlimited, L.L.C.
|
1
|
3.00%
|
$5,824
|
OCEANSIDE MORTGAGE COMPANY
|
1
|
2.75%
|
$0
|
OVM FINANCIAL, INC.
|
1
|
3.50%
|
$4,251
|
Paramount Bank
|
1
|
2.88%
|
$2,885
|
PLAZA HOME MORTGAGE, INC.
|
1
|
3.13%
|
$16,462
|
Prime Choice Funding Inc.
|
1
|
2.38%
|
$4,420
|
South State Bank
|
1
|
2.38%
|
$18,188
|
SUCCESS MORTGAGE PARTNERS, INC.
|
1
|
3.00%
|
$9,789
|
The Huntington National Bank
|
1
|
3.00%
|
$2,834
|
TOWNE MORTGAGE COMPANY
|
1
|
2.75%
|
$2,842
|
UNIVERSITY LENDING GROUP, LLC
|
1
|
2.50%
|
$7,817
|
VANDERBILT MORTGAGE AND FINANCE, INC.
|
1
|
2.88%
|
$7,909
|
Wolfe Financial, Inc
|
1
|
2.88%
|
$5,987
|
Wyndham Capital Mortgage, Inc.
|
1
|
2.25%
|
$1,907
|
The top Gainesville VA lender as defined by loan originations is Mortgage Research Center, LLC, with
106 VA loans originated. Their average total fees are
$6,221, which is $1,891
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Gainesville VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,238), VILLAGE CAPITAL & INVESTMENT LLC ($2,473), CALIBER HOME LOANS, INC. ($2,555), Mr. Cooper ( Nationstar Mortgage ) ($2,917) and FREEDOM MORTGAGE CORPORATION ($3,540).
The lowest rate Gainesville VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC (2.40%), HOME POINT FINANCIAL CORPORATION (2.47%), CALIBER HOME LOANS, INC. (2.49%), FREEDOM MORTGAGE CORPORATION (2.50%) and PENNYMAC LOAN SERVICES, LLC (2.50%).
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.