Lakeland VA Loans

LAKELAND-WINTER HAVEN, FL

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    • 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.