Gainesville VA Loan Rates, Closing Costs & Stats
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 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.
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
6.89%
for the week of 2022-12-02, compared to the national average (all VA variants) of
6.292% for the same period.
Gainesville's average VA mortgage closing costs are $5,482.
The average rate for the prior week (2022-11-25) was
6.92% and
one month ago for the week of 2022-10-28, the
average rate was 7.31%.
The average rate one year ago was 3.49%.
For refis of the same type during the week of 2022-12-02, the average rate
was 6.44%.
Gainesville 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 Gainesville level.
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 MORTGAGE ($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 MORTGAGE (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%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Gainesville (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 | $239,900 (14.6%) | $307,845 (12.2%) | 0.89 | 1,055 |
| 2018-02-01 | $242,015 (12.8%) | $310,186 (12.3%) | 0.88 | 1,091 |
| 2018-03-01 | $245,000 (8.9%) | $304,608 (8.1%) | 0.86 | 1,145 |
| 2018-04-01 | $244,577 (8.7%) | $307,188 (7.9%) | 0.83 | 1,209 |
| 2018-05-01 | $249,700 (8.6%) | $312,591 (8.5%) | 0.83 | 1,203 |
| 2018-06-01 | $246,700 (7.3%) | $312,051 (9.9%) | 0.82 | 1,252 |
| 2018-07-01 | $246,571 (7.3%) | $309,460 (7.4%) | 0.82 | 1,296 |
| 2018-08-01 | $244,950 (6.9%) | $306,792 (6.6%) | 0.82 | 1,300 |
| 2018-09-01 | $244,200 (6.2%) | $307,151 (5.9%) | 0.82 | 1,259 |
| 2018-10-01 | $244,900 (7.5%) | $309,497 (8.1%) | 0.83 | 1,231 |
| 2018-11-01 | $239,823 (4.5%) | $305,669 (3.6%) | 0.81 | 1,206 |
| 2018-12-01 | $239,900 (1.5%) | $305,145 (2.2%) | 0.83 | 1,159 |
| 2019-01-01 | $244,950 (2.1%) | $310,484 (0.9%) | 0.85 | 1,150 |
| 2019-02-01 | $249,900 (3.3%) | $313,668 (1.1%) | 0.84 | 1,173 |
| 2019-03-01 | $251,571 (2.7%) | $312,400 (2.6%) | 0.82 | 1,201 |
| 2019-04-01 | $257,000 (5.1%) | $403,131 (31.2%) | 0.82 | 1,224 |
| 2019-05-01 | $264,630 (6.0%) | $495,982 (58.7%) | 0.83 | 1,223 |
| 2019-06-01 | $264,998 (7.4%) | $328,864 (5.4%) | 0.83 | 1,204 |
| 2019-07-01 | $267,970 (8.7%) | $330,054 (6.7%) | 0.84 | 1,163 |
| 2019-08-01 | $265,791 (8.5%) | $327,531 (6.8%) | 0.84 | 1,169 |
| 2019-09-01 | $262,477 (7.5%) | $322,564 (5.0%) | 0.84 | 1,176 |
| 2019-10-01 | $264,318 (7.9%) | $319,252 (3.2%) | 0.85 | 1,158 |
| 2019-11-01 | $269,000 (12.2%) | $319,934 (4.7%) | 0.88 | 1,063 |
| 2019-12-01 | $265,225 (10.6%) | $317,225 (4.0%) | 0.88 | 1,050 |
| 2020-01-01 | $272,050 (11.1%) | $322,492 (3.9%) | 0.91 | 993 |
| 2020-02-01 | $274,400 (9.8%) | $326,124 (4.0%) | 0.90 | 1,026 |
| 2020-03-01 | $281,111 (11.7%) | $329,119 (5.4%) | 0.88 | 1,101 |
| 2020-04-01 | $281,900 (9.7%) | $328,269 (-18.6%) | 0.88 | 1,119 |
| 2020-05-01 | $289,000 (9.2%) | $347,828 (-29.9%) | 0.88 | 1,030 |
| 2020-06-01 | $290,000 (9.4%) | $356,209 (8.3%) | 0.85 | 913 |
| 2020-07-01 | $288,245 (7.6%) | $353,910 (7.2%) | 0.84 | 919 |
| 2020-08-01 | $279,900 (5.3%) | $347,646 (6.1%) | 0.80 | 891 |
| 2020-09-01 | $279,495 (6.5%) | $349,745 (8.4%) | 0.80 | 864 |
| 2020-10-01 | $277,950 (5.2%) | $347,455 (8.8%) | 0.80 | 835 |
| 2020-11-01 | $263,198 (-2.2%) | $346,730 (8.4%) | 0.77 | 829 |
| 2020-12-01 | $254,625 (-4.0%) | $345,378 (8.9%) | 0.76 | 777 |
| 2021-01-01 | $259,900 (-4.5%) | $345,011 (7.0%) | 0.78 | 704 |
| 2021-02-01 | $263,195 (-4.1%) | $346,063 (6.1%) | 0.77 | 602 |
| 2021-03-01 | $265,000 (-5.7%) | $361,121 (9.7%) | 0.75 | 524 |
| 2021-04-01 | $289,675 (2.8%) | $396,947 (20.9%) | 0.78 | 491 |
| 2021-05-01 | $289,900 (0.3%) | $388,091 (11.6%) | 0.77 | 503 |
| 2021-06-01 | $288,500 (-0.5%) | $389,559 (9.4%) | 0.76 | 536 |
| 2021-07-01 | $280,000 (-2.9%) | $389,261 (10.0%) | 0.74 | 602 |
| 2021-08-01 | $286,995 (2.5%) | $392,886 (13.0%) | 0.77 | 673 |
| 2021-09-01 | $284,945 (2.0%) | $398,868 (14.1%) | 0.76 | 687 |
| 2021-10-01 | $297,950 (7.2%) | $411,989 (18.6%) | 0.79 | 625 |
| 2021-11-01 | $299,225 (13.7%) | $412,920 (19.1%) | 0.80 | 566 |
| 2021-12-01 | $305,377 (19.9%) | $432,223 (25.2%) | 0.83 | 484 |
| 2022-01-01 | $309,900 (19.2%) | $423,489 (22.8%) | 0.84 | 408 |
| 2022-02-01 | $329,225 (25.1%) | $432,267 (24.9%) | 0.86 | 386 |
| 2022-03-01 | $330,125 (24.6%) | $436,554 (20.9%) | 0.83 | 392 |
| 2022-04-01 | $349,450 (20.6%) | $476,983 (20.2%) | 0.83 | 387 |
| 2022-05-01 | $369,225 (27.4%) | $480,668 (23.9%) | 0.84 | 455 |
| 2022-06-01 | $374,700 (29.9%) | $471,671 (21.1%) | 0.83 | 601 |
| 2022-07-01 | $359,950 (28.6%) | $457,924 (17.6%) | 0.81 | 725 |
| 2022-08-01 | $354,500 (23.5%) | $455,691 (16.0%) | 0.82 | 752 |
| 2022-09-01 | $353,267 (24.0%) | $447,385 (12.2%) | 0.83 | 785 |
| 2022-10-01 | $344,900 (15.8%) | $435,341 (5.7%) | 0.81 | 808 |
| 2022-11-01 | $342,450 (14.5%) | $433,152 (4.9%) | 0.82 | 795 |
Gainesville's median listing price comes in at 82% of the national average.
Gainesville's average listing price for 2022-11-01 was $433,152, a difference of $20,232 (4.9%) versus the prior year and $-2,189 versus the prior month.
For the 2022-11-01 period, Gainesville had 795 MLS listings, a difference of -13 listings (-2%) versus the prior month and 229 listings (40%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Gainesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 105 days | 1,775 sqft |
| 2018-02-01 | 93 days | 1,779 sqft |
| 2018-03-01 | 64 days | 1,792 sqft |
| 2018-04-01 | 59 days | 1,804 sqft |
| 2018-05-01 | 59 days | 1,821 sqft |
| 2018-06-01 | 61 days | 1,798 sqft |
| 2018-07-01 | 67 days | 1,790 sqft |
| 2018-08-01 | 77 days | 1,790 sqft |
| 2018-09-01 | 85 days | 1,782 sqft |
| 2018-10-01 | 87 days | 1,785 sqft |
| 2018-11-01 | 90 days | 1,745 sqft |
| 2018-12-01 | 93 days | 1,759 sqft |
| 2019-01-01 | 94 days | 1,767 sqft |
| 2019-02-01 | 87 days | 1,798 sqft |
| 2019-03-01 | 73 days | 1,773 sqft |
| 2019-04-01 | 60 days | 1,787 sqft |
| 2019-05-01 | 60 days | 1,816 sqft |
| 2019-06-01 | 65 days | 1,840 sqft |
| 2019-07-01 | 76 days | 1,856 sqft |
| 2019-08-01 | 80 days | 1,839 sqft |
| 2019-09-01 | 81 days | 1,818 sqft |
| 2019-10-01 | 82 days | 1,824 sqft |
| 2019-11-01 | 89 days | 1,827 sqft |
| 2019-12-01 | 94 days | 1,800 sqft |
| 2020-01-01 | 93 days | 1,805 sqft |
| 2020-02-01 | 81 days | 1,791 sqft |
| 2020-03-01 | 58 days | 1,805 sqft |
| 2020-04-01 | 63 days | 1,815 sqft |
| 2020-05-01 | 80 days | 1,838 sqft |
| 2020-06-01 | 95 days | 1,829 sqft |
| 2020-07-01 | 69 days | 1,784 sqft |
| 2020-08-01 | 75 days | 1,716 sqft |
| 2020-09-01 | 83 days | 1,700 sqft |
| 2020-10-01 | 89 days | 1,700 sqft |
| 2020-11-01 | 79 days | 1,671 sqft |
| 2020-12-01 | 81 days | 1,641 sqft |
| 2021-01-01 | 85 days | 1,663 sqft |
| 2021-02-01 | 74 days | 1,620 sqft |
| 2021-03-01 | 50 days | 1,621 sqft |
| 2021-04-01 | 44 days | 1,687 sqft |
| 2021-05-01 | 41 days | 1,686 sqft |
| 2021-06-01 | 41 days | 1,655 sqft |
| 2021-07-01 | 44 days | 1,662 sqft |
| 2021-08-01 | 45 days | 1,660 sqft |
| 2021-09-01 | 48 days | 1,632 sqft |
| 2021-10-01 | 57 days | 1,662 sqft |
| 2021-11-01 | 64 days | 1,661 sqft |
| 2021-12-01 | 77 days | 1,609 sqft |
| 2022-01-01 | 68 days | 1,608 sqft |
| 2022-02-01 | 42 days | 1,604 sqft |
| 2022-03-01 | 41 days | 1,644 sqft |
| 2022-04-01 | 42 days | 1,703 sqft |
| 2022-05-01 | 36 days | 1,765 sqft |
| 2022-06-01 | 37 days | 1,792 sqft |
| 2022-07-01 | 41 days | 1,768 sqft |
| 2022-08-01 | 52 days | 1,733 sqft |
| 2022-09-01 | 56 days | 1,742 sqft |
| 2022-10-01 | 61 days | 1,705 sqft |
| 2022-11-01 | 71 days | 1,701 sqft |
Gainesville's median square footage for active listings during the 2022-11-01 period was 1,701 sqft. One year prior, the average listing was 1,661 sqft.
