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%.

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/closing costs 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. Closing Costs
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 MORTGAGE 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 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 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 for 2022-11-01 was $342,450, a difference of $43,225 (14.5%) versus the prior year and $-2,450 versus the prior month.

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 listing age (time on market) for 2022-11-01 was 71 days. This is 11% longer than the same period one year ago.

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.

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.