Lakeland VA Loan Rates, Closing Costs & Stats
LAKELAND-WINTER HAVEN, 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.
Lakeland's 186 lenders originated 2,403 VA loans during 2022. The total origination value was $773,385,000, with an average VA loan value of $321,841.
Lakeland VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Lakeland
averaged
-0.21%
for the week of 2023-11-24, compared to the national average (all VA variants) of
0% for the same period.
Lakeland's average VA mortgage closing costs are $5,877.
The average rate for the prior week (2023-11-17) was
6.74% and
one month ago for the week of 2023-10-20, the
average rate was 7.27%.
The average rate one year ago was 6.48%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.25%.
Lakeland 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 Lakeland level.
The top Lakeland VA lender as defined by loan originations is Mortgage Research Center, LLC, with
258 VA loans originated. Their average total fees are
$9,335, which is $242
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Lakeland VA lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION ($3,319), VANDERBILT MORTGAGE AND FINANCE, INC. ($3,450), LAKEVIEW LOAN SERVICING, LLC ($3,495), PULTE MORTGAGE LLC ($3,676) and PENTAGON FEDERAL CREDIT UNION ($5,511).
The lowest rate Lakeland VA lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION (3.16%), LAKEVIEW LOAN SERVICING, LLC (3.29%), PENNYMAC LOAN SERVICES, LLC (3.48%), NAVY FEDERAL CREDIT UNION (3.56%) and HOMEAMERICAN MORTGAGE CORPORATION (3.81%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Lakeland (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 | $219,000 (9.6%) | $258,707 (8.0%) | 0.81 | 2,625 |
| 2018-02-01 | $219,900 (7.7%) | $259,748 (6.9%) | 0.80 | 2,645 |
| 2018-03-01 | $222,625 (8.7%) | $263,209 (7.6%) | 0.78 | 2,576 |
| 2018-04-01 | $224,950 (7.1%) | $273,667 (9.4%) | 0.76 | 2,501 |
| 2018-05-01 | $224,950 (4.7%) | $275,646 (9.4%) | 0.75 | 2,518 |
| 2018-06-01 | $225,000 (3.8%) | $275,270 (7.5%) | 0.75 | 2,535 |
| 2018-07-01 | $228,375 (4.6%) | $278,348 (7.9%) | 0.76 | 2,534 |
| 2018-08-01 | $227,425 (3.6%) | $276,628 (7.0%) | 0.76 | 2,663 |
| 2018-09-01 | $225,000 (2.5%) | $272,464 (5.3%) | 0.76 | 2,803 |
| 2018-10-01 | $224,900 (2.5%) | $271,597 (4.3%) | 0.76 | 2,887 |
| 2018-11-01 | $223,950 (1.6%) | $268,839 (2.6%) | 0.76 | 3,048 |
| 2018-12-01 | $224,000 (2.3%) | $266,613 (3.4%) | 0.77 | 3,041 |
| 2019-01-01 | $222,138 (1.4%) | $261,558 (1.1%) | 0.77 | 3,193 |
| 2019-02-01 | $224,450 (2.1%) | $260,096 (0.1%) | 0.76 | 3,320 |
| 2019-03-01 | $224,999 (1.1%) | $267,361 (1.6%) | 0.74 | 3,197 |
| 2019-04-01 | $225,000 (0.0%) | $273,390 (-0.1%) | 0.71 | 3,034 |
| 2019-05-01 | $229,450 (2.0%) | $276,708 (0.4%) | 0.72 | 2,875 |
| 2019-06-01 | $229,900 (2.2%) | $282,162 (2.5%) | 0.72 | 2,807 |
| 2019-07-01 | $229,397 (0.5%) | $286,624 (3.0%) | 0.72 | 2,809 |
| 2019-08-01 | $229,245 (0.8%) | $286,482 (3.6%) | 0.73 | 2,931 |
| 2019-09-01 | $229,614 (2.1%) | $280,384 (2.9%) | 0.73 | 3,017 |
| 2019-10-01 | $229,859 (2.2%) | $276,220 (1.7%) | 0.74 | 3,068 |
| 2019-11-01 | $228,920 (2.2%) | $273,506 (1.7%) | 0.75 | 3,033 |
| 2019-12-01 | $229,700 (2.5%) | $271,642 (1.9%) | 0.77 | 2,976 |
| 2020-01-01 | $229,950 (3.5%) | $273,618 (4.6%) | 0.77 | 2,915 |
| 2020-02-01 | $234,000 (4.3%) | $278,296 (7.0%) | 0.77 | 2,809 |
| 2020-03-01 | $234,900 (4.4%) | $281,322 (5.2%) | 0.74 | 2,691 |
| 2020-04-01 | $234,463 (4.2%) | $272,964 (-0.2%) | 0.73 | 2,873 |
| 2020-05-01 | $234,490 (2.2%) | $274,454 (-0.8%) | 0.71 | 2,723 |
| 2020-06-01 | $234,950 (2.2%) | $274,532 (-2.7%) | 0.69 | 2,453 |
| 2020-07-01 | $235,250 (2.6%) | $275,408 (-3.9%) | 0.68 | 2,319 |
| 2020-08-01 | $239,900 (4.7%) | $284,259 (-0.8%) | 0.69 | 2,078 |
| 2020-09-01 | $243,775 (6.2%) | $287,766 (2.6%) | 0.70 | 2,003 |
| 2020-10-01 | $245,000 (6.6%) | $286,092 (3.6%) | 0.70 | 2,021 |
| 2020-11-01 | $245,860 (7.4%) | $288,854 (5.6%) | 0.72 | 2,053 |
| 2020-12-01 | $249,695 (8.7%) | $290,439 (6.9%) | 0.74 | 1,928 |
| 2021-01-01 | $252,195 (9.7%) | $296,805 (8.5%) | 0.75 | 1,659 |
| 2021-02-01 | $252,335 (7.8%) | $301,726 (8.4%) | 0.73 | 1,358 |
| 2021-03-01 | $256,950 (9.4%) | $314,074 (11.6%) | 0.73 | 1,047 |
| 2021-04-01 | $264,950 (13.0%) | $326,872 (19.8%) | 0.72 | 883 |
| 2021-05-01 | $274,900 (17.2%) | $347,960 (26.8%) | 0.73 | 777 |
| 2021-06-01 | $284,470 (21.1%) | $363,492 (32.4%) | 0.75 | 809 |
| 2021-07-01 | $285,000 (21.2%) | $355,889 (29.2%) | 0.75 | 1,011 |
| 2021-08-01 | $296,617 (23.6%) | $357,204 (25.7%) | 0.79 | 1,083 |
| 2021-09-01 | $307,500 (26.1%) | $372,904 (29.6%) | 0.82 | 1,096 |
| 2021-10-01 | $319,900 (30.6%) | $379,800 (32.8%) | 0.85 | 1,128 |
| 2021-11-01 | $317,013 (28.9%) | $380,041 (31.6%) | 0.85 | 1,106 |
| 2021-12-01 | $327,450 (31.1%) | $394,418 (35.8%) | 0.89 | 1,044 |
| 2022-01-01 | $325,000 (28.9%) | $401,222 (35.2%) | 0.88 | 938 |
| 2022-02-01 | $331,033 (31.2%) | $410,921 (36.2%) | 0.86 | 859 |
| 2022-03-01 | $342,798 (33.4%) | $415,821 (32.4%) | 0.86 | 888 |
| 2022-04-01 | $350,000 (32.1%) | $430,510 (31.7%) | 0.83 | 933 |
| 2022-05-01 | $364,990 (32.8%) | $430,095 (23.6%) | 0.83 | 1,266 |
| 2022-06-01 | $370,030 (30.1%) | $429,829 (18.3%) | 0.82 | 1,591 |
| 2022-07-01 | $365,000 (28.1%) | $414,626 (16.5%) | 0.82 | 2,179 |
| 2022-08-01 | $364,000 (22.7%) | $414,298 (16.0%) | 0.84 | 2,566 |
| 2022-09-01 | $359,999 (17.1%) | $409,728 (9.9%) | 0.84 | 2,745 |
| 2022-10-01 | $359,900 (12.5%) | $408,117 (7.5%) | 0.85 | 2,819 |
| 2022-11-01 | $351,475 (10.9%) | $400,046 (5.3%) | 0.84 | 3,102 |
| 2022-12-01 | $349,900 (6.9%) | $397,010 (0.7%) | 0.86 | 3,073 |
| 2023-01-01 | $349,000 (7.4%) | $400,193 (-0.3%) | 0.87 | 2,996 |
| 2023-02-01 | $349,000 (5.4%) | $400,838 (-2.5%) | 0.84 | 2,897 |
| 2023-03-01 | $349,950 (2.1%) | $408,397 (-1.8%) | 0.83 | 2,725 |
| 2023-04-01 | $349,490 (-0.2%) | $403,767 (-6.2%) | 0.81 | 2,681 |
| 2023-05-01 | $350,000 (-4.1%) | $415,914 (-3.3%) | 0.79 | 2,631 |
| 2023-06-01 | $353,728 (-4.4%) | $420,868 (-2.1%) | 0.79 | 2,569 |
| 2023-07-01 | $358,000 (-1.9%) | $423,952 (2.3%) | 0.81 | 2,561 |
| 2023-08-01 | $359,495 (-1.2%) | $426,306 (2.9%) | 0.83 | 2,765 |
| 2023-09-01 | $358,793 (-0.3%) | $415,459 (1.4%) | 0.84 | 3,010 |
| 2023-10-01 | $355,000 (-1.4%) | $416,330 (2.0%) | 0.84 | 3,307 |
Lakeland's median listing price comes in at 84% of the national average.
Lakeland's average listing price for 2023-10-01 was $416,330, a difference of $8,213 (2.0%) versus the prior year and $871 versus the prior month.
For the 2023-10-01 period, Lakeland had 3,307 MLS listings, a difference of 297 listings (10%) versus the prior month and 488 listings (17%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lakeland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 68 days | 1,884 sqft |
| 2018-02-01 | 65 days | 1,879 sqft |
| 2018-03-01 | 58 days | 1,882 sqft |
| 2018-04-01 | 58 days | 1,918 sqft |
| 2018-05-01 | 58 days | 1,912 sqft |
| 2018-06-01 | 57 days | 1,912 sqft |
| 2018-07-01 | 58 days | 1,918 sqft |
| 2018-08-01 | 54 days | 1,919 sqft |
| 2018-09-01 | 55 days | 1,884 sqft |
| 2018-10-01 | 60 days | 1,864 sqft |
| 2018-11-01 | 59 days | 1,859 sqft |
| 2018-12-01 | 65 days | 1,856 sqft |
| 2019-01-01 | 68 days | 1,848 sqft |
| 2019-02-01 | 59 days | 1,837 sqft |
| 2019-03-01 | 56 days | 1,847 sqft |
| 2019-04-01 | 60 days | 1,847 sqft |
| 2019-05-01 | 63 days | 1,854 sqft |
| 2019-06-01 | 64 days | 1,877 sqft |
| 2019-07-01 | 61 days | 1,856 sqft |
| 2019-08-01 | 61 days | 1,845 sqft |
| 2019-09-01 | 62 days | 1,836 sqft |
| 2019-10-01 | 63 days | 1,829 sqft |
| 2019-11-01 | 60 days | 1,828 sqft |
| 2019-12-01 | 67 days | 1,828 sqft |
| 2020-01-01 | 69 days | 1,828 sqft |
| 2020-02-01 | 67 days | 1,831 sqft |
| 2020-03-01 | 57 days | 1,837 sqft |
| 2020-04-01 | 57 days | 1,828 sqft |
| 2020-05-01 | 68 days | 1,828 sqft |
| 2020-06-01 | 75 days | 1,828 sqft |
| 2020-07-01 | 64 days | 1,818 sqft |
| 2020-08-01 | 57 days | 1,821 sqft |
| 2020-09-01 | 53 days | 1,814 sqft |
| 2020-10-01 | 51 days | 1,787 sqft |
| 2020-11-01 | 49 days | 1,803 sqft |
| 2020-12-01 | 54 days | 1,816 sqft |
| 2021-01-01 | 61 days | 1,815 sqft |
| 2021-02-01 | 54 days | 1,777 sqft |
| 2021-03-01 | 44 days | 1,806 sqft |
| 2021-04-01 | 40 days | 1,806 sqft |
| 2021-05-01 | 38 days | 1,799 sqft |
| 2021-06-01 | 34 days | 1,808 sqft |
| 2021-07-01 | 33 days | 1,798 sqft |
| 2021-08-01 | 36 days | 1,810 sqft |
| 2021-09-01 | 37 days | 1,807 sqft |
| 2021-10-01 | 36 days | 1,825 sqft |
| 2021-11-01 | 38 days | 1,802 sqft |
| 2021-12-01 | 51 days | 1,818 sqft |
| 2022-01-01 | 43 days | 1,814 sqft |
| 2022-02-01 | 33 days | 1,801 sqft |
| 2022-03-01 | 32 days | 1,778 sqft |
| 2022-04-01 | 31 days | 1,798 sqft |
| 2022-05-01 | 28 days | 1,823 sqft |
| 2022-06-01 | 30 days | 1,827 sqft |
| 2022-07-01 | 33 days | 1,820 sqft |
| 2022-08-01 | 37 days | 1,823 sqft |
| 2022-09-01 | 44 days | 1,827 sqft |
| 2022-10-01 | 55 days | 1,828 sqft |
| 2022-11-01 | 61 days | 1,820 sqft |
| 2022-12-01 | 67 days | 1,824 sqft |
| 2023-01-01 | 71 days | 1,824 sqft |
| 2023-02-01 | 67 days | 1,828 sqft |
| 2023-03-01 | 56 days | 1,832 sqft |
| 2023-04-01 | 58 days | 1,819 sqft |
| 2023-05-01 | 54 days | 1,828 sqft |
| 2023-06-01 | 55 days | 1,838 sqft |
| 2023-07-01 | 54 days | 1,851 sqft |
| 2023-08-01 | 51 days | 1,851 sqft |
| 2023-09-01 | 53 days | 1,838 sqft |
| 2023-10-01 | 54 days | 1,836 sqft |
Lakeland's median square footage for active listings during the 2023-10-01 period was 1,836 sqft. One year prior, the average listing was 1,828 sqft.