Homosassa Springs VA Loan Rates, Closing Costs & Stats
HOMOSASSA SPRINGS, 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.
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
6.44%
for the week of 2024-10-25, compared to the national average (all VA variants) of
6.14% for the same period.
Homosassa Springs's average VA mortgage closing costs are $5,875.
The average rate for the prior week (2024-10-18) was
5.95% and
one month ago for the week of 2024-09-20, the
average rate was 5.45%.
The average rate one year ago was 7.77%.
For refis of the same type during the week of 2024-10-25, the average rate
was 6.69%.
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.