Key West VA Loan Rates, Closing Costs & Stats
Key West, 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.
Key West's 29 lenders originated 72 VA loans during 2023. The total origination value was $48,680,000, with an average VA loan value of $676,111.
Key West VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Key West
averaged
0.41%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Key West's average VA mortgage closing costs are $10,845.
The average rate for the prior week (2024-11-22) was
6.47% and
one month ago for the week of 2024-10-25, the
average rate was 6.37%.
The average rate one year ago was 7.01%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.2%.
Key West 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 Key West level.
The top Key West VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
15 VA loans originated. Their average total fees are
$13,844, which is $10,382
lower than the next largest lender,
First Horizon Bank.
The lowest fee Key West VA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($13,844), .
The lowest rate Key West VA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.21%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Key West (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $706,250 (14.3%) | $1,328,775 (25.9%) | 0.00 | 1,488 |
2018-02-01 | $699,625 (12.6%) | $1,345,032 (27.5%) | 0.00 | 1,534 |
2018-03-01 | $699,000 (11.5%) | $1,343,933 (27.0%) | 0.00 | 1,617 |
2018-04-01 | $699,500 (4.9%) | $1,353,684 (12.4%) | 0.00 | 1,632 |
2018-05-01 | $699,000 (3.4%) | $1,341,406 (11.7%) | 0.00 | 1,596 |
2018-06-01 | $699,000 (3.0%) | $1,324,245 (8.2%) | 0.00 | 1,589 |
2018-07-01 | $699,000 (3.6%) | $1,315,106 (5.9%) | 0.00 | 1,612 |
2018-08-01 | $699,000 (4.2%) | $1,315,088 (5.7%) | 0.00 | 1,582 |
2018-09-01 | $699,000 (3.6%) | $1,314,124 (4.7%) | 0.00 | 1,548 |
2018-10-01 | $699,000 (3.9%) | $1,301,660 (0.8%) | 0.00 | 1,590 |
2018-11-01 | $731,750 (4.7%) | $1,325,710 (1.0%) | 0.00 | 1,718 |
2018-12-01 | $729,000 (4.3%) | $1,325,853 (1.2%) | 0.00 | 1,825 |
2019-01-01 | $730,000 (3.4%) | $1,311,868 (-1.3%) | 0.00 | 1,932 |
2019-02-01 | $724,500 (3.6%) | $1,294,243 (-3.8%) | 0.00 | 2,018 |
2019-03-01 | $737,571 (5.5%) | $1,308,627 (-2.6%) | 0.00 | 1,971 |
2019-04-01 | $749,000 (7.1%) | $1,326,895 (-2.0%) | 0.00 | 1,890 |
2019-05-01 | $769,000 (10.0%) | $1,371,088 (2.2%) | 0.00 | 1,799 |
2019-06-01 | $750,000 (7.3%) | $1,356,150 (2.4%) | 0.00 | 1,736 |
2019-07-01 | $760,000 (8.7%) | $1,366,733 (3.9%) | 0.00 | 1,694 |
2019-08-01 | $780,755 (11.7%) | $1,396,722 (6.2%) | 0.00 | 1,610 |
2019-09-01 | $789,611 (13.0%) | $1,438,436 (9.5%) | 0.00 | 1,510 |
2019-10-01 | $795,000 (13.7%) | $1,474,577 (13.3%) | 0.00 | 1,433 |
2019-11-01 | $799,000 (9.2%) | $1,485,026 (12.0%) | 0.00 | 1,504 |
2019-12-01 | $799,125 (9.6%) | $1,500,949 (13.2%) | 0.00 | 1,616 |
2020-01-01 | $803,750 (10.1%) | $1,516,232 (15.6%) | 0.00 | 1,648 |
2020-02-01 | $799,000 (10.3%) | $1,485,200 (14.8%) | 0.00 | 1,746 |
2020-03-01 | $799,500 (8.4%) | $1,505,811 (15.1%) | 0.00 | 1,754 |
2020-04-01 | $799,000 (6.7%) | $1,490,622 (12.3%) | 0.00 | 1,677 |
2020-05-01 | $799,000 (3.9%) | $1,512,569 (10.3%) | 0.00 | 1,609 |
2020-06-01 | $799,450 (6.6%) | $1,534,510 (13.2%) | 0.00 | 1,495 |
2020-07-01 | $823,750 (8.4%) | $1,589,979 (16.3%) | 0.00 | 1,384 |
2020-08-01 | $849,000 (8.7%) | $1,629,623 (16.7%) | 0.00 | 1,232 |
2020-09-01 | $867,000 (9.8%) | $1,666,754 (15.9%) | 0.00 | 1,185 |
2020-10-01 | $849,250 (6.8%) | $1,693,184 (14.8%) | 0.00 | 1,150 |
2020-11-01 | $875,000 (9.5%) | $1,734,056 (16.8%) | 0.00 | 1,099 |
2020-12-01 | $857,000 (7.2%) | $1,749,362 (16.6%) | 0.00 | 1,043 |
2021-01-01 | $864,000 (7.5%) | $1,804,015 (19.0%) | 0.00 | 977 |
2021-02-01 | $860,000 (7.6%) | $1,797,728 (21.0%) | 0.00 | 812 |
2021-03-01 | $878,750 (9.9%) | $1,803,779 (19.8%) | 0.00 | 699 |
2021-04-01 | $893,125 (11.8%) | $1,905,451 (27.8%) | 0.00 | 594 |
2021-05-01 | $995,000 (24.5%) | $2,032,472 (34.4%) | 0.00 | 512 |
2021-06-01 | $1,051,250 (31.5%) | $2,070,126 (34.9%) | 0.00 | 512 |
2021-07-01 | $1,100,000 (33.5%) | $2,107,807 (32.6%) | 0.00 | 517 |
2021-08-01 | $1,113,257 (31.1%) | $2,061,570 (26.5%) | 0.00 | 530 |
2021-09-01 | $1,161,000 (33.9%) | $2,102,077 (26.1%) | 0.00 | 545 |
2021-10-01 | $1,162,500 (36.9%) | $2,046,936 (20.9%) | 0.00 | 543 |
2021-11-01 | $1,206,250 (37.9%) | $2,128,440 (22.7%) | 0.00 | 525 |
2021-12-01 | $1,200,000 (40.0%) | $2,112,171 (20.7%) | 0.00 | 499 |
2022-01-01 | $1,214,500 (40.6%) | $2,098,812 (16.3%) | 0.00 | 487 |
2022-02-01 | $1,311,000 (52.4%) | $2,130,723 (18.5%) | 0.00 | 456 |
2022-03-01 | $1,275,000 (45.1%) | $2,138,833 (18.6%) | 0.00 | 445 |
2022-04-01 | $1,295,000 (45.0%) | $2,108,246 (10.6%) | 0.00 | 436 |
2022-05-01 | $1,362,500 (36.9%) | $2,514,157 (23.7%) | 0.00 | 501 |
2022-06-01 | $1,325,000 (26.0%) | $2,549,680 (23.2%) | 0.00 | 545 |
2022-07-01 | $1,299,000 (18.1%) | $2,470,506 (17.2%) | 0.00 | 622 |
2022-08-01 | $1,289,250 (15.8%) | $2,383,808 (15.6%) | 0.00 | 656 |
2022-09-01 | $1,262,500 (8.7%) | $2,396,227 (14.0%) | 0.00 | 660 |
2022-10-01 | $1,299,000 (11.7%) | $2,425,642 (18.5%) | 0.00 | 662 |
2022-11-01 | $1,350,000 (11.9%) | $2,425,276 (14.0%) | 0.00 | 722 |
2022-12-01 | $1,350,000 (12.5%) | $2,407,096 (14.0%) | 0.00 | 773 |
2023-01-01 | $1,416,225 (16.6%) | $2,454,050 (16.9%) | 0.00 | 818 |
2023-02-01 | $1,472,500 (12.3%) | $2,509,966 (17.8%) | 0.00 | 839 |
2023-03-01 | $1,489,750 (16.8%) | $2,557,970 (19.6%) | 0.00 | 848 |
2023-04-01 | $1,499,000 (15.8%) | $2,571,736 (22.0%) | 0.00 | 828 |
2023-05-01 | $1,496,250 (9.8%) | $2,373,267 (-5.6%) | 0.00 | 800 |
2023-06-01 | $1,477,500 (11.5%) | $2,388,998 (-6.3%) | 0.00 | 795 |
2023-07-01 | $1,400,000 (7.8%) | $2,436,653 (-1.4%) | 0.00 | 804 |
2023-08-01 | $1,425,000 (10.5%) | $2,419,602 (1.5%) | 0.00 | 827 |
2023-09-01 | $1,395,000 (10.5%) | $2,388,591 (-0.3%) | 0.00 | 814 |
2023-10-01 | $1,362,500 (4.9%) | $2,407,417 (-0.8%) | 0.00 | 868 |
2023-11-01 | $1,387,500 (2.8%) | $2,429,315 (0.2%) | 0.00 | 991 |
2023-12-01 | $1,392,500 (3.2%) | $2,403,316 (-0.2%) | 0.00 | 1,091 |
2024-01-01 | $1,396,000 (-1.4%) | $2,400,445 (-2.2%) | 0.00 | 1,153 |
2024-02-01 | $1,384,085 (-6.0%) | $2,405,172 (-4.2%) | 0.00 | 1,241 |
2024-03-01 | $1,350,000 (-9.4%) | $2,470,933 (-3.4%) | 0.00 | 1,306 |
2024-04-01 | $1,300,000 (-13.3%) | $2,410,666 (-6.3%) | 0.00 | 1,306 |
2024-05-01 | $1,357,000 (-9.3%) | $2,428,778 (2.3%) | 0.00 | 1,254 |
2024-06-01 | $1,325,000 (-10.3%) | $2,369,188 (-0.8%) | 0.00 | 1,254 |
2024-07-01 | $1,283,700 (-8.3%) | $2,377,342 (-2.4%) | 0.00 | 1,220 |
2024-08-01 | $1,275,000 (-10.5%) | $2,354,881 (-2.7%) | 0.00 | 1,170 |
2024-09-01 | $1,250,000 (-10.4%) | $2,349,199 (-1.7%) | 0.00 | 1,135 |
2024-10-01 | $1,262,250 (-7.4%) | $2,403,942 (-0.1%) | 0.00 | 1,149 |
Key West's median listing price comes in at 0% of the national average.
Key West's average listing price for 2024-10-01 was $2,403,942, a difference of $-3,475 (-0.1%) versus the prior year and $54,743 versus the prior month.
For the 2024-10-01 period, Key West had 1,149 MLS listings, a difference of 14 listings (1%) versus the prior month and 281 listings (32%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Key West (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,497 sqft |
2018-02-01 | 0 days | 1,500 sqft |
2018-03-01 | 0 days | 1,500 sqft |
2018-04-01 | 0 days | 1,501 sqft |
2018-05-01 | 0 days | 1,490 sqft |
2018-06-01 | 0 days | 1,494 sqft |
2018-07-01 | 0 days | 1,495 sqft |
2018-08-01 | 0 days | 1,493 sqft |
2018-09-01 | 0 days | 1,491 sqft |
2018-10-01 | 0 days | 1,480 sqft |
2018-11-01 | 0 days | 1,498 sqft |
2018-12-01 | 0 days | 1,482 sqft |
2019-01-01 | 0 days | 1,493 sqft |
2019-02-01 | 0 days | 1,509 sqft |
2019-03-01 | 0 days | 1,525 sqft |
2019-04-01 | 0 days | 1,550 sqft |
2019-05-01 | 0 days | 1,564 sqft |
2019-06-01 | 0 days | 1,531 sqft |
2019-07-01 | 0 days | 1,526 sqft |
2019-08-01 | 0 days | 1,539 sqft |
2019-09-01 | 0 days | 1,555 sqft |
2019-10-01 | 0 days | 1,571 sqft |
2019-11-01 | 0 days | 1,579 sqft |
2019-12-01 | 0 days | 1,574 sqft |
2020-01-01 | 0 days | 1,579 sqft |
2020-02-01 | 0 days | 1,570 sqft |
2020-03-01 | 0 days | 1,574 sqft |
2020-04-01 | 0 days | 1,567 sqft |
2020-05-01 | 0 days | 1,552 sqft |
2020-06-01 | 0 days | 1,555 sqft |
2020-07-01 | 0 days | 1,547 sqft |
2020-08-01 | 0 days | 1,553 sqft |
2020-09-01 | 0 days | 1,554 sqft |
2020-10-01 | 0 days | 1,526 sqft |
2020-11-01 | 0 days | 1,520 sqft |
2020-12-01 | 0 days | 1,497 sqft |
2021-01-01 | 0 days | 1,515 sqft |
2021-02-01 | 0 days | 1,480 sqft |
2021-03-01 | 0 days | 1,483 sqft |
2021-04-01 | 0 days | 1,537 sqft |
2021-05-01 | 0 days | 1,650 sqft |
2021-06-01 | 0 days | 1,671 sqft |
2021-07-01 | 0 days | 1,611 sqft |
2021-08-01 | 0 days | 1,594 sqft |
2021-09-01 | 0 days | 1,589 sqft |
2021-10-01 | 0 days | 1,565 sqft |
2021-11-01 | 0 days | 1,569 sqft |
2021-12-01 | 0 days | 1,560 sqft |
2022-01-01 | 0 days | 1,558 sqft |
2022-02-01 | 0 days | 1,649 sqft |
2022-03-01 | 0 days | 1,599 sqft |
2022-04-01 | 0 days | 1,596 sqft |
2022-05-01 | 0 days | 1,622 sqft |
2022-06-01 | 0 days | 1,593 sqft |
2022-07-01 | 0 days | 1,536 sqft |
2022-08-01 | 0 days | 1,544 sqft |
2022-09-01 | 0 days | 1,533 sqft |
2022-10-01 | 0 days | 1,532 sqft |
2022-11-01 | 0 days | 1,525 sqft |
2022-12-01 | 0 days | 1,534 sqft |
2023-01-01 | 0 days | 1,540 sqft |
2023-02-01 | 0 days | 1,559 sqft |
2023-03-01 | 0 days | 1,605 sqft |
2023-04-01 | 0 days | 1,624 sqft |
2023-05-01 | 0 days | 1,600 sqft |
2023-06-01 | 0 days | 1,579 sqft |
2023-07-01 | 0 days | 1,576 sqft |
2023-08-01 | 0 days | 1,598 sqft |
2023-09-01 | 0 days | 1,570 sqft |
2023-10-01 | 0 days | 1,546 sqft |
2023-11-01 | 0 days | 1,549 sqft |
2023-12-01 | 0 days | 1,570 sqft |
2024-01-01 | 0 days | 1,582 sqft |
2024-02-01 | 0 days | 1,566 sqft |
2024-03-01 | 0 days | 1,549 sqft |
2024-04-01 | 0 days | 1,538 sqft |
2024-05-01 | 0 days | 1,545 sqft |
2024-06-01 | 0 days | 1,536 sqft |
2024-07-01 | 0 days | 1,506 sqft |
2024-08-01 | 0 days | 1,507 sqft |
2024-09-01 | 0 days | 1,512 sqft |
2024-10-01 | 0 days | 1,512 sqft |
Key West's median square footage for active listings during the 2024-10-01 period was 1,512 sqft. One year prior, the average listing was 1,546 sqft.