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 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.