Homosassa Springs VA Loan Rates, Closing Costs & Stats

HOMOSASSA SPRINGS, FL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    Homosassa Springs's 99 lenders originated 513 VA loans during 2023. The total origination value was $148,625,000, with an average VA loan value of $289,717.

    Homosassa Springs VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Homosassa Springs averaged 6.6% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Homosassa Springs's average VA mortgage closing costs are $5,875.

    The average rate for the prior week (2024-07-12) was 6.34% and one month ago for the week of 2024-06-14, the average rate was 6.4%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.85%.

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

    Homosassa Springs 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 Homosassa Springs level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 92 6.78% $7,055
    UNITED WHOLESALE MORTGAGE, LLC 43 6.34% $8,861
    QUICKEN LOANS, LLC 38 6.04% $10,571
    NAVY FEDERAL CREDIT UNION 20 5.83% $4,142
    CROSSCOUNTRY MORTGAGE, LLC 18 6.65% $7,956
    FREEDOM MORTGAGE CORPORATION 13 6.72% $12,839
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.69% $6,846
    LOANDEPOT.COM, LLC 10 6.37% $14,553
    NEW DAY FINANCIAL, LLC 9 7.16% $11,235
    USAA Federal Savings Bank 9 5.68% $9,719
    DHI MORTGAGE COMPANY, LTD. 9 5.43% $5,905
    PENNYMAC LOAN SERVICES, LLC 8 6.08% $11,068
    MOVEMENT MORTGAGE, LLC 8 6.42% $9,970
    UNION HOME MORTGAGE CORP. 7 7.21% $8,393
    CARDINAL FINANCIAL 6 6.92% $11,790
    Mr. Cooper ( Nationstar Mortgage ) 6 6.06% $12,166
    INSPIRE HOME LOANS INC. 6 6.08% $4,066
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 5.95% $8,740
    Equity Prime Mortgage LLC 5 7.03% $6,552
    EVERETT FINANCIAL, INC. 5 6.58% $9,134
    Regions Bank 5 6.20% $8,400
    VILLAGE CAPITAL MORTGAGE 5 6.10% $10,820
    AMERISAVE MORTGAGE CORPORATION 5 6.08% $14,744
    NEWREZ LLC 5 6.88% $9,985
    Prosperity Home Mortgage, LLC 4 6.59% $7,291
    AMERICAN FINANCIAL NETWORK, INC. 4 7.00% $11,165
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 5.94% $4,102
    GUARANTEED RATE, INC. 3 6.10% $10,914
    Truist 3 5.68% $3,571
    PENTAGON FEDERAL CREDIT UNION 3 5.29% $9,853
    CMG MORTGAGE, INC. 3 6.21% $10,104
    FBC MORTGAGE, LLC 3 5.83% $2,026
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.50% $12,402
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.88% $4,722
    South State Bank 3 6.46% $12,397
    Barrington Bank & Trust Company, N.A. 3 7.21% $12,338
    TOWNE MORTGAGE COMPANY 3 6.88% $18,046
    First Federal Bank 2 6.13% $15,020
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.31% $13,776
    Ameris Bank 2 5.94% $13,121
    Capital City Home Loans, LLC 2 6.19% $9,012
    FIRST MORTGAGE COMPANY, INC. 2 5.88% $14,952
    Flagstar Bank, FSB 2 6.81% $6,549
    JPMorgan Chase Bank 2 6.37% $6,120
    METROPLEX MORTGAGE SERVICES, INC. 2 7.56% $9,917
    Mid-Continent Funding, Inc. 2 6.44% $15,054
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.63% $10,394
    NFM, INC. 2 6.38% $13,342
    ROYAL UNITED MORTGAGE LLC 2 7.00% $24,036
    STOCKTON MORTGAGE CORPORATION 2 6.19% $6,596
    SUN WEST MORTGAGE COMPANY, INC. 2 6.00% $10,427
    The Federal Savings Bank 2 5.88% $14,105
    Wells Fargo Bank 2 5.75% $11,273
    LAKEVIEW LOAN SERVICING, LLC 1 5.13% $10,198
    INTELLILOAN, INC. 1 5.88% $6,572
    Nations Lending Corporation 1 6.25% $17,718
    NATIONS RELIABLE LENDING, LLC 1 6.50% $8,923
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.13% $12,602
    NBH Bank 1 6.63% $8,133
    NBKC BANK 1 6.13% $3,200
    GTE Federal Credit Union 1 6.63% $16,179
    GSF Mortgage Corporation 1 6.63% $11,617
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $13,055
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.63% $6,631
    OPEN MORTGAGE, LLC 1 6.63% $8,931
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 5.75% $5,631
    Paramount Residential Mortgage Group, Inc. 1 7.63% $11,611
    Goldwater Bank, N.A. 1 7.13% $28,415
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.75% $3,823
    PLANET HOME LENDING, LLC 1 5.38% $22,992
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $705
    GENEVA FINANCIAL, LLC 1 6.75% $10,312
    Gateway First Bank 1 6.00% $6,719
    First State Bank 1 7.50% $10,299
    Alcova Mortgage LLC 1 7.50% $8,990
    RELIANCE FIRST CAPITAL, LLC 1 5.50% $18,439
    VAN DYK MORTGAGE CORPORATION 1 7.63% $6,332
    Sierra Pacific Mortgage Company, Inc. 1 7.63% $5,368
    FIRST COMMUNITY MORTGAGE, INC. 1 6.50% $7,202
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $6,799
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.63% $5,295
    Strong Home Mortgage, LLC 1 6.49% $11,110
    Fifth Third Bank 1 5.88% $4,761
    V.I.P. MORTGAGE, INC. 1 6.25% $18,107
    Waterstone Mortgage Corporation 1 6.50% $13,500
    The Loan Store, Inc. 1 6.88% $11,687
    THRIVE MORTGAGE, LLC 1 6.25% $6,506
    TJC Mortgage, Inc. 1 6.50% $12,366
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $5,833
    Carrington Mortgage Services, LLC 1 5.75% $7,532
    MEMBER FIRST MORTGAGE, LLC 1 6.00% $12,089
    Meridian Bank Corporation 1 5.25% $7,204
    CALIBER HOME LOANS, INC. 1 6.50% $11,784
    United Fidelity Funding Corp. 1 6.88% $18,874
    MJW Financial LLC 1 7.75% $14,885
    MORTGAGE FINANCIAL GROUP, INC. 1 6.00% $6,159
    MORTGAGEONE, INC. 1 7.00% $7,641
    Magnolia Bank 1 6.50% $18,141
    BROKER SOLUTIONS, INC. 1 6.75% $12,131

    The top Homosassa Springs VA lender as defined by loan originations is Mortgage Research Center, LLC, with 92 VA loans originated. Their average total fees are $7,055, which is $1,806 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Homosassa Springs VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,142), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,846), Mortgage Research Center, LLC ($7,055), CROSSCOUNTRY MORTGAGE, LLC ($7,956) and UNITED WHOLESALE MORTGAGE, LLC ($8,861).

    The lowest rate Homosassa Springs VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.83%), QUICKEN LOANS, LLC (6.04%), UNITED WHOLESALE MORTGAGE, LLC (6.34%), LOANDEPOT.COM, LLC (6.37%) and CROSSCOUNTRY MORTGAGE, LLC (6.65%).

    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.