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 6.9% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

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

The average rate for the prior week (2024-05-10) was 6.81% and one month ago for the week of 2024-04-12, the average rate was 6.89%.

The average rate one year ago was 6.3%.

For refis of the same type during the week of 2024-05-17, the average rate was 7.05%.

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%).


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 (6.8%) 0.76 1,174
2018-10-01 $224,950 (13.1%) $274,484 (4.8%) 0.76 1,243
2018-11-01 $224,900 (9.7%) $273,758 (2.9%) 0.76 1,300
2018-12-01 $219,900 (0.8%) $263,609 (-4.3%) 0.76 1,389
2019-01-01 $219,900 (-2.2%) $262,622 (-5.8%) 0.76 1,403
2019-02-01 $213,325 (-7.1%) $268,041 (-3.7%) 0.72 1,433
2019-03-01 $216,564 (-5.8%) $273,210 (-1.2%) 0.71 1,388
2019-04-01 $218,175 (-4.8%) $275,116 (-0.2%) 0.69 1,306
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 (3.1%) $284,953 (6.3%) 0.72 1,053
2020-03-01 $224,900 (3.9%) $293,805 (7.5%) 0.71 993
2020-04-01 $219,900 (0.8%) $289,291 (5.2%) 0.69 925
2020-05-01 $224,900 (3.4%) $298,424 (9.8%) 0.68 824
2020-06-01 $221,013 (0.5%) $295,795 (8.3%) 0.65 698
2020-07-01 $230,925 (7.4%) $312,487 (17.9%) 0.67 601
2020-08-01 $229,900 (8.1%) $309,860 (16.0%) 0.66 534
2020-09-01 $230,975 (6.7%) $320,811 (18.2%) 0.66 492
2020-10-01 $235,250 (7.4%) $314,721 (13.8%) 0.67 564
2020-11-01 $234,950 (6.8%) $311,424 (8.6%) 0.69 585
2020-12-01 $238,750 (8.8%) $329,546 (14.7%) 0.71 572
2021-01-01 $239,900 (9.1%) $335,770 (16.5%) 0.72 465
2021-02-01 $248,900 (13.2%) $377,274 (32.4%) 0.72 393
2021-03-01 $249,475 (10.9%) $390,486 (32.9%) 0.71 297
2021-04-01 $251,100 (14.2%) $377,127 (30.4%) 0.68 286
2021-05-01 $249,900 (11.1%) $398,408 (33.5%) 0.66 268
2021-06-01 $264,250 (19.6%) $401,526 (35.7%) 0.70 296
2021-07-01 $275,000 (19.1%) $408,716 (30.8%) 0.73 331
2021-08-01 $274,700 (19.5%) $411,121 (32.7%) 0.73 381
2021-09-01 $267,350 (15.8%) $408,761 (27.4%) 0.71 391
2021-10-01 $278,375 (18.3%) $418,069 (32.8%) 0.74 418
2021-11-01 $296,773 (26.3%) $436,646 (40.2%) 0.79 413
2021-12-01 $299,950 (25.6%) $445,120 (35.1%) 0.81 414
2022-01-01 $309,450 (29.0%) $462,183 (37.7%) 0.84 353
2022-02-01 $309,975 (24.5%) $467,543 (23.9%) 0.81 321
2022-03-01 $313,500 (25.7%) $462,616 (18.5%) 0.78 294
2022-04-01 $317,350 (26.4%) $433,865 (15.0%) 0.76 317
2022-05-01 $313,750 (25.6%) $424,159 (6.5%) 0.72 403
2022-06-01 $339,125 (28.3%) $456,400 (13.7%) 0.76 491
2022-07-01 $335,000 (21.8%) $435,160 (6.5%) 0.75 617
2022-08-01 $329,250 (19.9%) $408,647 (-0.6%) 0.76 658
2022-09-01 $319,450 (19.5%) $399,460 (-2.3%) 0.75 687
2022-10-01 $329,950 (18.5%) $409,196 (-2.1%) 0.78 741
2022-11-01 $327,250 (10.3%) $400,127 (-8.4%) 0.79 887
2022-12-01 $319,925 (6.7%) $390,272 (-12.3%) 0.79 938
2023-01-01 $321,313 (3.8%) $389,814 (-15.7%) 0.80 897
2023-02-01 $329,988 (6.5%) $400,165 (-14.4%) 0.80 861
2023-03-01 $332,475 (6.1%) $399,914 (-13.6%) 0.78 864
2023-04-01 $325,000 (2.4%) $395,965 (-8.7%) 0.76 832
2023-05-01 $324,950 (3.6%) $400,316 (-5.6%) 0.74 813
2023-06-01 $327,450 (-3.4%) $414,711 (-9.1%) 0.74 800
2023-07-01 $329,950 (-1.5%) $409,625 (-5.9%) 0.75 800
2023-08-01 $340,731 (3.5%) $414,244 (1.4%) 0.78 823
2023-09-01 $340,000 (6.4%) $414,749 (3.8%) 0.79 829
2023-10-01 $345,425 (4.7%) $415,283 (1.5%) 0.81 900
2023-11-01 $339,900 (3.9%) $409,366 (2.3%) 0.81 1,048
2023-12-01 $339,000 (6.0%) $409,102 (4.8%) 0.83 1,109
2024-01-01 $329,900 (2.7%) $400,867 (2.8%) 0.81 1,111
2024-02-01 $330,075 (0.0%) $403,422 (0.8%) 0.79 1,170
2024-03-01 $329,900 (-0.8%) $419,281 (4.8%) 0.78 1,237
2024-04-01 $332,450 (2.3%) $406,349 (2.6%) 0.77 1,242
Homosassa Springs's median listing price for 2024-04-01 was $332,450, a difference of $7,450 (2.3%) versus the prior year and $2,550 versus the prior month.

Homosassa Springs's median listing price comes in at 77% of the national average.

Homosassa Springs's average listing price for 2024-04-01 was $406,349, a difference of $10,384 (2.6%) versus the prior year and $-12,932 versus the prior month.

For the 2024-04-01 period, Homosassa Springs had 1,242 MLS listings, a difference of 5 listings (0%) versus the prior month and 410 listings (49%) 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 75 days 1,869 sqft
2018-02-01 75 days 1,875 sqft
2018-03-01 66 days 1,884 sqft
2018-04-01 66 days 1,857 sqft
2018-05-01 68 days 1,848 sqft
2018-06-01 68 days 1,846 sqft
2018-07-01 72 days 1,831 sqft
2018-08-01 73 days 1,831 sqft
2018-09-01 74 days 1,830 sqft
2018-10-01 70 days 1,838 sqft
2018-11-01 69 days 1,841 sqft
2018-12-01 72 days 1,815 sqft
2019-01-01 79 days 1,822 sqft
2019-02-01 76 days 1,814 sqft
2019-03-01 74 days 1,808 sqft
2019-04-01 74 days 1,802 sqft
2019-05-01 75 days 1,795 sqft
2019-06-01 79 days 1,808 sqft
2019-07-01 79 days 1,789 sqft
2019-08-01 77 days 1,772 sqft
2019-09-01 74 days 1,773 sqft
2019-10-01 72 days 1,773 sqft
2019-11-01 68 days 1,817 sqft
2019-12-01 72 days 1,812 sqft
2020-01-01 75 days 1,816 sqft
2020-02-01 75 days 1,820 sqft
2020-03-01 70 days 1,829 sqft
2020-04-01 77 days 1,820 sqft
2020-05-01 89 days 1,820 sqft
2020-06-01 90 days 1,812 sqft
2020-07-01 66 days 1,823 sqft
2020-08-01 65 days 1,777 sqft
2020-09-01 61 days 1,746 sqft
2020-10-01 49 days 1,762 sqft
2020-11-01 50 days 1,727 sqft
2020-12-01 53 days 1,734 sqft
2021-01-01 61 days 1,726 sqft
2021-02-01 49 days 1,734 sqft
2021-03-01 42 days 1,709 sqft
2021-04-01 46 days 1,690 sqft
2021-05-01 40 days 1,656 sqft
2021-06-01 34 days 1,670 sqft
2021-07-01 37 days 1,706 sqft
2021-08-01 37 days 1,705 sqft
2021-09-01 41 days 1,706 sqft
2021-10-01 50 days 1,673 sqft
2021-11-01 46 days 1,762 sqft
2021-12-01 47 days 1,732 sqft
2022-01-01 47 days 1,725 sqft
2022-02-01 37 days 1,713 sqft
2022-03-01 36 days 1,698 sqft
2022-04-01 32 days 1,681 sqft
2022-05-01 30 days 1,679 sqft
2022-06-01 30 days 1,743 sqft
2022-07-01 35 days 1,739 sqft
2022-08-01 44 days 1,715 sqft
2022-09-01 48 days 1,705 sqft
2022-10-01 52 days 1,726 sqft
2022-11-01 50 days 1,719 sqft
2022-12-01 60 days 1,690 sqft
2023-01-01 72 days 1,700 sqft
2023-02-01 70 days 1,712 sqft
2023-03-01 55 days 1,714 sqft
2023-04-01 54 days 1,690 sqft
2023-05-01 54 days 1,693 sqft
2023-06-01 52 days 1,722 sqft
2023-07-01 56 days 1,720 sqft
2023-08-01 57 days 1,732 sqft
2023-09-01 58 days 1,726 sqft
2023-10-01 58 days 1,740 sqft
2023-11-01 53 days 1,707 sqft
2023-12-01 60 days 1,701 sqft
2024-01-01 70 days 1,699 sqft
2024-02-01 63 days 1,705 sqft
2024-03-01 57 days 1,692 sqft
2024-04-01 64 days 1,692 sqft
Homosassa Springs's median listing age (time on market) for 2024-04-01 was 64 days. This is 18% longer than the same period one year ago.

Homosassa Springs's median square footage for active listings during the 2024-04-01 period was 1,692 sqft. One year prior, the average listing was 1,690 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.