Lakeland VA Loans

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 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 209 lenders originated 3,891 VA loans during 2021. The total origination value was $989,495,000, with an average VA loan value of $254,304.

Lakeland VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Lakeland averaged 5.78% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.69% and one month ago for the week of 2022-04-15, the average rate was 5.05%.

The average rate one year ago was 3.34%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.22%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Lakeland VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Lakeland level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 291 2.52% $3,659
QUICKEN LOANS, LLC 273 2.51% $5,107
Mortgage Research Center, LLC 271 2.90% $6,782
PENNYMAC LOAN SERVICES, LLC 165 2.48% $5,294
UNITED WHOLESALE MORTGAGE, LLC 150 2.60% $7,241
CALIBER HOME LOANS, INC. 115 2.70% $5,217
LOANDEPOT.COM, LLC 96 2.72% $5,742
NEW DAY FINANCIAL, LLC 93 2.81% $7,138
VILLAGE CAPITAL & INVESTMENT LLC 84 2.37% $3,092
HOME SOLUTION LENDERS INC. 76 2.70% $5,490
THE MORTGAGE FIRM, INC. 70 3.10% $7,324
FBC MORTGAGE, LLC 70 2.85% $5,444
NAVY FEDERAL CREDIT UNION 66 2.47% $6,167
LAKEVIEW LOAN SERVICING, LLC 66 2.55% $2,352
USAA Federal Savings Bank 66 2.86% $4,101
DHI MORTGAGE COMPANY, LTD. 64 2.69% $5,931
HOMEBRIDGE FINANCIAL SERVICES, INC. 57 2.82% $5,701
Mr. Cooper ( Nationstar Mortgage ) 54 2.90% $2,627
MOVEMENT MORTGAGE, LLC 46 2.89% $5,633
CLEARPATH LENDING 46 2.33% $3,721
EAGLE HOME MORTGAGE, LLC 44 3.18% $4,379
CROSSCOUNTRY MORTGAGE, LLC 44 2.97% $6,401
NEWREZ LLC 44 2.75% $4,419
HOME POINT FINANCIAL CORPORATION 39 2.68% $7,096
PLANET HOME LENDING, LLC 33 2.59% $3,156
PRIMARY RESIDENTIAL MORTGAGE, INC. 29 3.04% $6,445
AMERIFIRST FINANCIAL CORPORATION 28 3.20% $5,279
South Pacific Financial Corporation 26 2.64% $7,550
Wells Fargo Bank 26 2.62% $5,869
Plains Commerce Bank 25 2.66% $7,056
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 24 3.00% $6,191
The Federal Savings Bank 24 2.60% $7,542
Paramount Residential Mortgage Group, Inc. 24 3.33% $7,341
GUARANTEED RATE, INC. 24 2.83% $5,326
Mortgage Lenders Investment Trading Corporation 23 3.14% $5,653
AMERICAN FINANCIAL NETWORK, INC. 23 2.83% $11,699
PENTAGON FEDERAL CREDIT UNION 23 2.36% $2,652
Barrington Bank & Trust Company, N.A. 22 2.82% $4,709
Low VA Rates, LLC 21 2.39% $3,358
MUTUAL OF OMAHA MORTGAGE, INC. 20 2.80% $6,801
BROKER SOLUTIONS, INC. 20 3.33% $9,294
KBHS HOME LOANS, LLC 20 3.20% $8,700
Carrington Mortgage Services, LLC 19 3.38% $6,688
Equity Prime Mortgage LLC 18 3.13% $5,030
First Guaranty Mortgage Corporation 17 2.56% $5,305
CALCON MUTUAL MORTGAGE LLC 17 3.82% $5,457
AMERISAVE MORTGAGE CORPORATION 17 2.68% $8,373
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 3.06% $5,129
Lakeview Community Capital, LLC 17 2.44% $2,272
SUCCESS MORTGAGE PARTNERS, INC. 16 3.10% $7,570
PARK SQUARE HOME MORTGAGE, LLC 13 2.89% $3,923
SUN WEST MORTGAGE COMPANY, INC. 13 2.60% $5,595
HOMEAMERICAN MORTGAGE CORPORATION 13 2.63% $2,107
PULTE MORTGAGE LLC 12 2.94% $3,010
NVR Mortgage Finance, Inc. 12 2.80% $5,192
Magnolia Bank 12 2.74% $8,752
GUARANTEED RATE AFFINITY, LLC 11 2.73% $7,039
GUILD MORTGAGE COMPANY 11 2.67% $8,286
Mid-Continent Funding, Inc. 11 2.57% $5,311
EMBRACE HOME LOANS, INC. 11 2.69% $9,351
LOANPAL, LLC 9 2.46% $6,638
InterContinental Capital Group, Inc 9 2.28% $2,864
Flagstar Bank, FSB 8 2.66% $6,220
NATIONS DIRECT MORTGAGE, LLC 8 3.27% $7,123
ACCELERATE MORTGAGE, LLC 8 2.25% $5,650
Citizens Bank 7 2.84% $12,310
Waterstone Mortgage Corporation 7 2.91% $11,856
First Federal Bank 7 3.34% $6,929
Credence Funding Corporation 7 2.27% $3,416
HAMILTON HOME LOANS, INC. 7 3.20% $5,221
Truist Bank 7 2.79% $4,325
HOMESIDE FINANCIAL, LLC 6 3.17% $5,583
CONTOUR MORTGAGE CORPORATION 6 2.60% $6,964
Commerce Home Mortgage, Inc. 6 2.81% $4,631
UNION HOME MORTGAGE CORP. 6 2.94% $7,869
NBKC BANK 6 2.73% $5,038
Hometown Lenders, Inc. 6 3.06% $8,537
PANORAMA MORTGAGE GROUP, LLC 6 3.96% $4,155
SOVEREIGN LENDING GROUP INCORPORATED 5 2.58% $3,053
Bank of England 5 2.73% $8,370
M/I FINANCIAL, LLC 5 2.55% $7,732
Nations Lending Corporation 5 2.95% $9,880
HOMESPIRE MORTGAGE CORPORATION 5 3.05% $8,868
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 2.90% $6,248
CRESCENT MORTGAGE COMPANY 5 2.68% $3,805
CMG MORTGAGE, INC. 5 3.03% $8,465
KS StateBank 4 2.41% $2,494
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 3.22% $11,079
PREFERRED LENDING SERVICES, LLC 4 3.28% $8,383
BNC National Bank 4 2.28% $12,178
GSF Mortgage Corporation 4 3.53% $4,925
AMCAP MORTGAGE, LTD. 4 3.09% $9,137
VAN DYK MORTGAGE CORPORATION 4 2.81% $6,850
GERSHMAN INVESTMENT CORP. 4 2.78% $10,519
The Home Loan Expert LLC 4 2.59% $7,300
KELLER MORTGAGE, LLC 4 2.78% $8,967
EMM LOANS LLC 4 2.91% $10,776
CELEBRITY HOME LOANS, LLC 3 3.29% $9,885
TJC Mortgage, Inc. 3 2.63% $9,747
Regions Bank 3 3.04% $8,922
South State Bank 3 2.58% $11,509
Summit Mortgage Corporation 3 3.04% $4,892
VANDERBILT MORTGAGE AND FINANCE, INC. 3 3.04% $1,290
STEARNS LENDING, LLC 3 2.63% $8,026
MORTGAGE EQUITY PARTNERS LLC 3 3.21% $5,389
INSPIRE HOME LOANS INC. 3 3.71% $7,228
INTERLINC MORTGAGE SERVICES, LLC 3 3.63% $4,562
NETWORK CAPITAL FUNDING CORPORATION 3 3.17% $4,340
JET HOMELOANS, LLC 3 3.08% $7,018
ENVOY MORTGAGE, LTD 3 3.33% $8,873
MID AMERICA MORTGAGE, INC. 3 3.21% $5,606
AMERICAN FINANCIAL RESOURCES, INC. 3 3.58% $4,493
OCMBC, INC. 3 3.08% $4,934
North American Savings Bank, F.S.B. 3 2.71% $3,622
Bell Bank 2 2.94% $3,440
AMERICAN FINANCING CORPORATION 2 2.50% $2,710
AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.88% $3,099
AmeriHome Mortgage Company, LLC 2 2.68% $2,466
APEX HOME LOANS, INC. 2 2.88% $7,583
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 2.44% $1,598
Arvest Bank 2 2.75% $5,214
Austin Capital Bank SSB 2 2.56% $6,202
BANKERS MORTGAGE LENDING, INC. 2 2.44% $3,368
Christensen Financial, Inc. 2 2.75% $7,374
CityWorth Mortgage LLC 2 2.25% $7,452
Colonial Savings, F.A. 2 3.19% $5,043
COMPASS MORTGAGE, INC. 2 2.75% $16,201
First Federal Bank of Kansas City 2 2.38% $5,370
GENEVA FINANCIAL, LLC 2 3.13% $8,565
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 2.75% $8,575
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 2.75% $11,739
LEADERONE FINANCIAL CORPORATION 2 2.75% $8,823
LENDUS, LLC 2 2.93% $8,871
METROPLEX MORTGAGE SERVICES, INC. 2 2.25% $5,607
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.13% $5,749
NFM, INC. 2 2.81% $3,422
PNC Bank 2 2.56% $9,703
Prime Choice Funding Inc. 2 2.31% $3,387
RELIANCE FIRST CAPITAL, LLC 2 2.81% $9,024
SECURITYNATIONAL MORTGAGE COMPANY 2 3.06% $11,554
STOCKTON MORTGAGE CORPORATION 2 2.56% $11,231
Strong Home Mortgage, LLC 2 2.25% $4,744
Town Square Mortgage & Investments, Inc. 2 3.25% $6,798
UNITED MORTGAGE CORP. 2 2.63% $6,600
U.S. Bank 2 2.44% $3,368
VELOCIO MORTGAGE L.L.C. 2 2.75% $259
Watermark Capital, Inc. 2 2.69% $1,518
WATSON MORTGAGE CORP. 2 2.25% $7,111
Wolfe Financial, Inc 2 3.19% $9,350
Wyndham Capital Mortgage, Inc. 2 2.38% $8,994
ZILLOW HOME LOANS, LLC 2 2.44% $9,122
Hancock Whitney Bank 1 2.75% $5,048
GUARANTY HOME MORTGAGE CORPORATION 1 2.25% $9,050
PLAZA HOME MORTGAGE, INC. 1 2.99% $10,724
ACOPIA, LLC 1 2.50% $2,823
GROUP ONE MORTGAGE, INC. 1 2.50% $10,524
GREAT WESTERN FINANCIAL SERVICES, INC. 1 3.25% $4,235
US MORTGAGE CORPORATION 1 3.00% $8,716
Goldwater Bank, N.A. 1 3.88% $14,459
George Mason Mortgage, LLC 1 3.25% $9,714
Gateway First Bank 1 2.50% $652
Raymond James Bank 1 3.13% $4,386
Florida Capital Bank 1 3.13% $9,760
U S WIDE FINANCIAL LLC 1 2.50% $15,465
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.50% $8,447
S1L, Inc. 1 3.63% $4,359
Assurance Financial Group, L.L.C. 1 2.63% $15,007
SIWELL, INC. 1 2.88% $1,571
SOUTHERN TRUST MORTGAGE, LLC 1 2.75% $6,481
FLAT BRANCH MORTGAGE, INC. 1 4.63% $4,426
SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.25% $14,260
First Savings Bank 1 2.25% $5,475
SOUTHWEST FUNDING, LP 1 4.00% $11,048
First Mortgage Solutions, LLC 1 2.62% $10,709
First Home Bank 1 3.75% $11,402
Stifel Bank and Trust 1 2.63% $3,224
Ameris Bank 1 2.88% $4,884
WRIGHT-PATT CREDIT UNION, INC. 1 2.88% $8,280
FINANCE OF AMERICA MORTGAGE LLC 1 2.75% $3,934
EVERETT FINANCIAL, INC. 1 4.00% $3,365
EQUITY RESOURCES, INC. 1 2.88% $3,375
Synovus Bank 1 2.50% $2,499
DAS Acquisition Company, LLC 1 2.63% $3,912
COUNTRYPLACE MORTGAGE, LTD. 1 4.00% $975
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.50% $4,456
CHURCHILL MORTGAGE CORPORATION 1 2.25% $3,695
TOP FLITE FINANCIAL, INC. 1 3.00% $25,886
TOWNE MORTGAGE COMPANY 1 3.75% $9,604
Advisors Mortgage Group, L.L.C. 1 2.50% $19,389
ABSOLUTE HOME MORTGAGE CORPORATION 1 2.63% $9,819
BAYSHORE MORTGAGE FUNDING, LLC 1 2.50% $2,101
ACADEMY MORTGAGE CORPORATION 1 2.25% $21,748
BAY EQUITY LLC 1 2.50% $4,259
MORTGAGE 1 INCORPORATED 1 3.38% $4,796
Meridian Bank Corporation 1 2.25% $3,599
MCLEAN MORTGAGE CORPORATION 1 2.75% $12,726
Axos Bank 1 3.13% $14,748
Manufacturers and Traders Trust Company 1 2.88% $3,249
NP, Inc. 1 3.75% $3,661
LENDING 3, INC. 1 2.25% $4,875
OCEANSIDE MORTGAGE COMPANY 1 2.75% $629
LAND HOME FINANCIAL SERVICES, INC. 1 3.50% $10,521
Keystone Funding, Inc. 1 2.38% $2,954
J. VIRGIL, INC. 1 2.38% $4,638
Ixonia Bank 1 4.25% $8,684
Hometown Equity Mortgage, LLC 1 4.25% $5,908
HOMESTEAD FUNDING CORP. 1 2.63% $2,720
Peoples Bank 1 3.00% $5,411
PIKE CREEK MORTGAGE SERVICES, INC. 1 3.63% $6,851

The top Lakeland VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 291 VA loans originated. Their average total fees are $3,659, which is $1,448 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Lakeland VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($2,107), Lakeview Community Capital, LLC ($2,272), LAKEVIEW LOAN SERVICING, LLC ($2,352), Mr. Cooper ( Nationstar Mortgage ) ($2,627) and PENTAGON FEDERAL CREDIT UNION ($2,652).

The lowest rate Lakeland VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.33%), PENTAGON FEDERAL CREDIT UNION (2.36%), VILLAGE CAPITAL & INVESTMENT LLC (2.37%), Low VA Rates, LLC (2.39%) and Lakeview Community Capital, LLC (2.44%).

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.