Homosassa Springs VA Loan Rates, Closing Costs & Stats

HOMOSASSA SPRINGS, FL

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    • 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 143 lenders originated 1,218 VA loans during 2021. The total origination value was $273,320,000, with an average VA loan value of $224,401.

    Homosassa Springs VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Homosassa Springs averaged 6.97% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

    Homosassa Springs's average VA mortgage closing costs are $4,963.

    The average rate for the prior week (2022-11-25) was 6.7% and one month ago for the week of 2022-10-28, the average rate was 7.19%.

    The average rate one year ago was 3.47%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.32%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Mortgage Research Center, LLC 151 2.86% $6,250
    QUICKEN LOANS, LLC 148 2.54% $5,457
    FREEDOM MORTGAGE CORPORATION 65 2.53% $2,718
    PENNYMAC LOAN SERVICES, LLC 54 2.53% $4,463
    NEW DAY FINANCIAL, LLC 52 2.80% $7,326
    UNITED WHOLESALE MORTGAGE, LLC 37 2.66% $5,537
    CALIBER HOME LOANS, INC. 30 2.53% $3,143
    VILLAGE CAPITAL MORTGAGE 28 2.38% $2,614
    USAA Federal Savings Bank 27 2.78% $4,708
    AMERIFIRST FINANCIAL CORPORATION 25 3.18% $6,748
    LOANDEPOT.COM, LLC 25 2.63% $5,993
    NAVY FEDERAL CREDIT UNION 21 2.54% $5,349
    CLEARPATH LENDING 19 2.30% $3,842
    HOME POINT FINANCIAL CORPORATION 19 2.57% $5,637
    NATIONS RELIABLE LENDING, LLC 18 3.10% $6,696
    Barrington Bank & Trust Company, N.A. 16 2.99% $5,100
    LAKEVIEW LOAN SERVICING, LLC 15 2.58% $3,468
    Wells Fargo Bank 14 2.50% $6,295
    NEWREZ LLC 13 2.97% $4,299
    Carrington Mortgage Services, LLC 12 3.63% $3,529
    Mr. Cooper ( Nationstar Mortgage ) 11 2.95% $2,488
    METROPLEX MORTGAGE SERVICES, INC. 10 3.10% $3,520
    PENTAGON FEDERAL CREDIT UNION 9 2.36% $1,436
    AMERICAN FINANCIAL NETWORK, INC. 9 3.06% $10,497
    Mid-Continent Funding, Inc. 9 2.75% $8,785
    PLANET HOME LENDING, LLC 9 2.43% $2,304
    HOMEBRIDGE FINANCIAL SERVICES, INC. 9 2.81% $9,629
    FBC MORTGAGE, LLC 8 2.80% $6,603
    The Federal Savings Bank 8 2.83% $7,917
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.05% $8,808
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 7 3.05% $6,580
    CONTOUR MORTGAGE CORPORATION 6 2.75% $7,389
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 3.31% $5,715
    BROKER SOLUTIONS, INC. 6 2.81% $3,511
    AMERISAVE MORTGAGE CORPORATION 6 2.77% $7,849
    Truist 6 2.72% $3,698
    MOVEMENT MORTGAGE, LLC 6 3.17% $9,275
    Mortgage Lenders Investment Trading Corporation 6 3.10% $3,968
    Low VA Rates, LLC 6 2.50% $3,225
    The Home Loan Expert LLC 5 2.68% $6,219
    OPEN MORTGAGE, LLC 5 2.65% $7,187
    THE MORTGAGE FIRM, INC. 4 3.11% $6,785
    MID AMERICA MORTGAGE, INC. 4 2.53% $2,766
    Nations Lending Corporation 4 2.63% $5,247
    SUN WEST MORTGAGE COMPANY, INC. 4 2.65% $2,798
    GUARANTEED RATE, INC. 4 2.81% $3,808
    Regions Bank 4 2.88% $8,027
    PLAZA HOME MORTGAGE, INC. 4 2.75% $2,047
    CROSSCOUNTRY MORTGAGE, LLC 3 3.04% $6,747
    AMERICAN FINANCING CORPORATION 3 2.67% $6,254
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 3.46% $13,515
    Bank of England 3 2.96% $3,835
    Equity Prime Mortgage LLC 3 3.25% $3,903
    Goldwater Bank, N.A. 3 4.17% $5,012
    GUARANTEED RATE AFFINITY, LLC 3 2.63% $12,227
    LOANPAL, LLC 3 2.58% $4,954
    Paramount Residential Mortgage Group, Inc. 3 2.88% $5,875
    South State Bank 2 2.50% $6,448
    HAMILTON HOME LOANS, INC. 2 3.75% $5,645
    HOMESPIRE MORTGAGE CORPORATION 2 3.88% $13,192
    Hometown Lenders, Inc. 2 3.75% $3,479
    INLANTA MORTGAGE, INC. 2 3.06% $7,651
    InterContinental Capital Group, Inc 2 2.50% $3,419
    Ixonia Bank 2 2.94% $12,480
    KS StateBank 2 2.50% $7,857
    Lakeview Community Capital, LLC 2 2.56% $1,335
    LAND HOME FINANCIAL SERVICES, INC. 2 4.13% $8,055
    First Guaranty Mortgage Corporation 2 2.25% $2,571
    Magnolia Bank 2 2.63% $5,186
    EQUITY RESOURCES, INC. 2 3.06% $1,863
    EMBRACE HOME LOANS, INC. 2 3.31% $13,195
    MUTUAL OF OMAHA MORTGAGE, INC. 2 2.69% $4,820
    ABSOLUTE HOME MORTGAGE CORPORATION 2 3.19% $10,381
    NETWORK CAPITAL FUNDING CORPORATION 2 2.50% $1,627
    NFM, INC. 2 3.06% $5,405
    NP, Inc. 2 3.06% $7,994
    Century Mortgage Company DBA Century Lending Company 2 2.50% $9,238
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.00% $2,451
    STEARNS LENDING, LLC 2 2.50% $1,952
    Bank of America 2 3.63% $3,524
    Ameris Bank 2 2.38% $6,855
    AmeriHome Mortgage Company, LLC 2 3.13% $1,838
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 3.63% $3,310
    Advisors Mortgage Group, L.L.C. 2 2.75% $11,887
    GERSHMAN INVESTMENT CORP. 2 3.13% $4,429
    ACCELERATE MORTGAGE, LLC 2 2.00% $5,506
    MORTGAGE FINANCIAL GROUP, INC. 1 2.25% $5,122
    FAIRWAY FUNDING GROUP, INC. 1 2.75% $9,816
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.00% $8,054
    EMM LOANS LLC 1 2.63% $9,691
    BancorpSouth Bank 1 3.38% $4,321
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $2,270
    DRAPER AND KRAMER MORTGAGE CORP. 1 2.75% $4,764
    US MORTGAGE CORPORATION 1 3.00% $10,301
    Credence Funding Corporation 1 2.38% $1,466
    NBH Bank 1 2.38% $4,558
    NBKC BANK 1 2.75% $2,647
    TIDEWATER MORTGAGE SERVICES, INC. 1 2.75% $3,798
    CMG MORTGAGE, INC. 1 3.75% $13,901
    CHURCHILL MORTGAGE CORPORATION 1 2.75% $3,811
    TOWNE MORTGAGE COMPANY 1 2.75% $2,497
    North American Savings Bank, F.S.B. 1 2.25% $1,025
    George Mason Mortgage, LLC 1 3.13% $13,336
    United Community Bank 1 2.50% $3,736
    ZILLOW HOME LOANS, LLC 1 2.38% $10,073
    Patriot Lending Services, Inc. 1 3.25% $2,390
    CELEBRITY HOME LOANS, LLC 1 2.75% $350
    Capital Bank 1 2.75% $10,544
    Plains Commerce Bank 1 2.88% $9,592
    Cambria Financial Group, LLC 1 2.25% $141
    CALCULATED RISK ANALYTICS LLC 1 2.50% $4,060
    PREFERRED LENDING SERVICES, LLC 1 3.25% $18,768
    BNC National Bank 1 2.25% $1,211
    Prime Choice Funding Inc. 1 2.25% $3,610
    West Town Bank & Trust 1 2.75% $4,568
    Prosperity Home Mortgage, LLC 1 3.00% $17,308
    Gateway First Bank 1 2.88% $4,443
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 2.63% $11,695
    First Savings Bank 1 2.25% $5,263
    BELEM SERVICING LLC 1 2.25% $5,862
    HOMESTAR FINANCIAL CORPORATION 1 3.00% $4,940
    Hometown Equity Mortgage, LLC 1 2.75% $3,956
    RADIUS FINANCIAL GROUP INC. 1 2.50% $4,790
    BANKSOUTH MORTGAGE COMPANY, LLC 1 2.63% $9,441
    INSPIRE HOME LOANS INC. 1 3.00% $1,070
    ROSS MORTGAGE CORPORATION 1 2.88% $6,133
    ROYAL UNITED MORTGAGE LLC 1 3.25% $10,507
    JET HOMELOANS, LLC 1 2.25% $3,006
    KELLER MORTGAGE, LLC 1 2.25% $2,919
    Seacoast National Bank 1 2.75% $13,696
    LADERA LENDING, INC. 1 2.75% $3,279
    LAKE MICHIGAN CREDIT UNION 1 2.63% $3,585
    GUARANTY HOME MORTGAGE CORPORATION 1 2.50% $3,330
    First Home Bank 1 2.50% $5,464
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.75% $10,261
    UNIVERSITY LENDING GROUP, LLC 1 2.63% $6,629
    Wyndham Capital Mortgage, Inc. 1 2.63% $3,818
    First Federal Bank 1 3.13% $7,308
    SUCCESS MORTGAGE PARTNERS, INC. 1 2.88% $6,393
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.13% $9,322
    First Bank 1 2.75% $13,154
    Fifth Third Bank 1 2.75% $14,247
    MORTGAGE 1 INCORPORATED 1 2.99% $5,061

    The top Homosassa Springs VA lender as defined by loan originations is Mortgage Research Center, LLC, with 151 VA loans originated. Their average total fees are $6,250, which is $793 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Homosassa Springs VA lenders (with over 10 loans originated) are Mr. Cooper ( Nationstar Mortgage ) ($2,488), VILLAGE CAPITAL MORTGAGE ($2,614), FREEDOM MORTGAGE CORPORATION ($2,718), CALIBER HOME LOANS, INC. ($3,143) and LAKEVIEW LOAN SERVICING, LLC ($3,468).

    The lowest rate Homosassa Springs VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.30%), VILLAGE CAPITAL MORTGAGE (2.38%), Wells Fargo Bank (2.50%), PENNYMAC LOAN SERVICES, LLC (2.53%) and FREEDOM MORTGAGE CORPORATION (2.53%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Homosassa Springs (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 $224,950 (12.9%) $278,771 (13.1%) 0.83 1,135
    2018-02-01 $229,575 (15.4%) $278,371 (12.2%) 0.83 1,177
    2018-03-01 $230,000 (15.1%) $276,441 (11.2%) 0.81 1,197
    2018-04-01 $229,225 (14.7%) $275,590 (10.4%) 0.78 1,204
    2018-05-01 $228,425 (13.1%) $273,889 (6.8%) 0.76 1,157
    2018-06-01 $225,000 (9.8%) $275,133 (6.6%) 0.75 1,107
    2018-07-01 $224,900 (12.8%) $272,808 (5.8%) 0.75 1,110
    2018-08-01 $223,125 (14.2%) $268,676 (5.0%) 0.75 1,138
    2018-09-01 $224,900 (15.3%) $274,809 (6.9%) 0.75 1,174
    2018-10-01 $224,950 (13.1%) $274,484 (4.8%) 0.76 1,243
    2018-11-01 $224,900 (9.7%) $273,735 (2.9%) 0.76 1,299
    2018-12-01 $219,900 (0.8%) $263,580 (-4.3%) 0.76 1,388
    2019-01-01 $219,800 (-2.3%) $262,593 (-5.8%) 0.76 1,402
    2019-02-01 $212,975 (-7.2%) $268,016 (-3.7%) 0.72 1,432
    2019-03-01 $216,543 (-5.9%) $273,272 (-1.2%) 0.71 1,387
    2019-04-01 $218,450 (-4.7%) $275,218 (-0.1%) 0.69 1,305
    2019-05-01 $217,450 (-4.8%) $271,755 (-0.8%) 0.68 1,234
    2019-06-01 $219,900 (-2.3%) $273,124 (-0.7%) 0.69 1,136
    2019-07-01 $214,950 (-4.4%) $265,140 (-2.8%) 0.67 1,102
    2019-08-01 $212,591 (-4.7%) $267,106 (-0.6%) 0.67 1,068
    2019-09-01 $216,477 (-3.8%) $271,486 (-1.2%) 0.69 1,063
    2019-10-01 $219,068 (-2.6%) $276,606 (0.8%) 0.71 1,059
    2019-11-01 $220,000 (-2.2%) $286,819 (4.8%) 0.72 1,062
    2019-12-01 $219,500 (-0.2%) $287,306 (9.0%) 0.73 1,068
    2020-01-01 $220,000 (0.1%) $288,169 (9.7%) 0.74 1,050
    2020-02-01 $219,950 (3.3%) $284,953 (6.3%) 0.72 1,053
    2020-03-01 $224,900 (3.9%) $293,830 (7.5%) 0.70 993
    2020-04-01 $219,900 (0.7%) $289,404 (5.2%) 0.69 926
    2020-05-01 $224,900 (3.4%) $298,462 (9.8%) 0.68 825
    2020-06-01 $221,013 (0.5%) $295,824 (8.3%) 0.65 699
    2020-07-01 $230,925 (7.4%) $312,449 (17.8%) 0.67 602
    2020-08-01 $229,900 (8.1%) $309,825 (16.0%) 0.66 535
    2020-09-01 $230,975 (6.7%) $320,738 (18.1%) 0.66 494
    2020-10-01 $235,250 (7.4%) $314,673 (13.8%) 0.67 566
    2020-11-01 $234,950 (6.8%) $311,387 (8.6%) 0.69 587
    2020-12-01 $238,750 (8.8%) $329,452 (14.7%) 0.71 574
    2021-01-01 $239,900 (9.1%) $335,628 (16.5%) 0.72 467
    2021-02-01 $248,900 (13.2%) $376,937 (32.3%) 0.72 395
    2021-03-01 $249,475 (10.9%) $389,997 (32.7%) 0.71 299
    2021-04-01 $251,100 (14.2%) $376,734 (30.2%) 0.68 288
    2021-05-01 $249,900 (11.1%) $397,886 (33.3%) 0.66 270
    2021-06-01 $264,250 (19.6%) $401,000 (35.6%) 0.70 298
    2021-07-01 $274,948 (19.1%) $407,072 (30.3%) 0.72 332
    2021-08-01 $274,700 (19.5%) $410,102 (32.4%) 0.73 383
    2021-09-01 $267,350 (15.8%) $408,292 (27.3%) 0.71 393
    2021-10-01 $277,750 (18.1%) $417,407 (32.7%) 0.74 419
    2021-11-01 $296,595 (26.2%) $436,012 (40.0%) 0.79 415
    2021-12-01 $299,925 (25.6%) $444,540 (34.9%) 0.81 416
    2022-01-01 $309,450 (29.0%) $461,385 (37.5%) 0.84 354
    2022-02-01 $309,975 (24.5%) $466,461 (23.8%) 0.81 324
    2022-03-01 $313,500 (25.7%) $461,263 (18.3%) 0.78 297
    2022-04-01 $317,350 (26.4%) $433,198 (15.0%) 0.76 319
    2022-05-01 $315,000 (26.1%) $423,959 (6.6%) 0.72 404
    2022-06-01 $339,125 (28.3%) $455,787 (13.7%) 0.76 493
    2022-07-01 $339,900 (23.6%) $435,180 (6.9%) 0.77 619
    2022-08-01 $329,250 (19.9%) $408,443 (-0.4%) 0.76 660
    2022-09-01 $319,900 (19.7%) $399,477 (-2.2%) 0.75 689
    2022-10-01 $330,000 (18.8%) $409,063 (-2.0%) 0.78 743
    2022-11-01 $327,250 (10.3%) $400,151 (-8.2%) 0.79 889
    Homosassa Springs's median listing price for 2022-11-01 was $327,250, a difference of $30,655 (10.3%) versus the prior year and $-2,750 versus the prior month.

    Homosassa Springs's median listing price comes in at 79% of the national average.

    Homosassa Springs's average listing price for 2022-11-01 was $400,151, a difference of $-35,861 (-8.2%) versus the prior year and $-8,912 versus the prior month.

    For the 2022-11-01 period, Homosassa Springs had 889 MLS listings, a difference of 146 listings (20%) versus the prior month and 474 listings (114%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Homosassa Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 80 days 1,869 sqft
    2018-02-01 79 days 1,875 sqft
    2018-03-01 69 days 1,882 sqft
    2018-04-01 69 days 1,855 sqft
    2018-05-01 73 days 1,848 sqft
    2018-06-01 73 days 1,846 sqft
    2018-07-01 79 days 1,831 sqft
    2018-08-01 80 days 1,831 sqft
    2018-09-01 79 days 1,830 sqft
    2018-10-01 76 days 1,838 sqft
    2018-11-01 74 days 1,841 sqft
    2018-12-01 77 days 1,816 sqft
    2019-01-01 82 days 1,822 sqft
    2019-02-01 82 days 1,815 sqft
    2019-03-01 80 days 1,809 sqft
    2019-04-01 79 days 1,802 sqft
    2019-05-01 81 days 1,796 sqft
    2019-06-01 85 days 1,808 sqft
    2019-07-01 85 days 1,789 sqft
    2019-08-01 80 days 1,772 sqft
    2019-09-01 77 days 1,773 sqft
    2019-10-01 75 days 1,773 sqft
    2019-11-01 73 days 1,817 sqft
    2019-12-01 77 days 1,812 sqft
    2020-01-01 80 days 1,816 sqft
    2020-02-01 82 days 1,819 sqft
    2020-03-01 77 days 1,829 sqft
    2020-04-01 84 days 1,819 sqft
    2020-05-01 93 days 1,818 sqft
    2020-06-01 95 days 1,807 sqft
    2020-07-01 73 days 1,820 sqft
    2020-08-01 74 days 1,776 sqft
    2020-09-01 67 days 1,741 sqft
    2020-10-01 51 days 1,761 sqft
    2020-11-01 51 days 1,727 sqft
    2020-12-01 55 days 1,730 sqft
    2021-01-01 63 days 1,726 sqft
    2021-02-01 52 days 1,730 sqft
    2021-03-01 44 days 1,706 sqft
    2021-04-01 49 days 1,686 sqft
    2021-05-01 43 days 1,651 sqft
    2021-06-01 36 days 1,664 sqft
    2021-07-01 38 days 1,701 sqft
    2021-08-01 37 days 1,703 sqft
    2021-09-01 42 days 1,704 sqft
    2021-10-01 51 days 1,670 sqft
    2021-11-01 47 days 1,753 sqft
    2021-12-01 48 days 1,728 sqft
    2022-01-01 47 days 1,725 sqft
    2022-02-01 38 days 1,711 sqft
    2022-03-01 36 days 1,695 sqft
    2022-04-01 33 days 1,681 sqft
    2022-05-01 30 days 1,677 sqft
    2022-06-01 30 days 1,737 sqft
    2022-07-01 35 days 1,725 sqft
    2022-08-01 44 days 1,712 sqft
    2022-09-01 49 days 1,704 sqft
    2022-10-01 53 days 1,723 sqft
    2022-11-01 51 days 1,718 sqft
    Homosassa Springs's median listing age (time on market) for 2022-11-01 was 51 days. This is 7% longer than the same period one year ago.

    Homosassa Springs's median square footage for active listings during the 2022-11-01 period was 1,718 sqft. One year prior, the average listing was 1,753 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.