Miami VA Loan Rates, Closing Costs & Stats
Miami-Fort Lauderdale-Pompano Beach, 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.
Miami's 169 lenders originated 2,727 VA loans during 2024. The total origination value was $1,398,055,000, with an average VA loan value of $512,671.
Miami VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Miami
averaged
7.16%
for the week of 2025-05-23, compared to the national average (all VA variants) of
6.52% for the same period.
Miami's average VA mortgage closing costs are $8,543.
The average rate for the prior week (2025-05-16) was
6.94% and
one month ago for the week of 2025-04-18, the
average rate was 6.81%.
The average rate one year ago was 6.93%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.75%.
Miami 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 Miami level.
The top Miami VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
513 VA loans originated. Their average total fees are
$11,114, which is $1,391
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Miami VA lenders (with over 10 loans originated) are
MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,624), Lakeview Community Capital, LLC ($4,894), EAGLE HOME MORTGAGE, LLC ($6,770), PENTAGON FEDERAL CREDIT UNION ($6,883) and Barrington Bank & Trust Company, N.A. ($7,004).
The lowest rate Miami VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (4.48%), DHI MORTGAGE COMPANY, LTD. (5.15%), PLANET HOME LENDING, LLC (5.64%), LAKEVIEW LOAN SERVICING, LLC (5.65%) and NBKC BANK (5.66%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Miami (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 | $390,000 (4.0%) | $877,914 (3.0%) | 1.45 | 46,965 |
| 2018-02-01 | $389,950 (3.4%) | $876,078 (2.7%) | 1.42 | 48,001 |
| 2018-03-01 | $394,900 (3.3%) | $877,390 (2.1%) | 1.39 | 48,472 |
| 2018-04-01 | $397,250 (3.2%) | $878,636 (1.5%) | 1.35 | 48,104 |
| 2018-05-01 | $399,000 (2.7%) | $878,088 (0.5%) | 1.33 | 47,080 |
| 2018-06-01 | $399,000 (3.2%) | $876,987 (1.6%) | 1.33 | 46,265 |
| 2018-07-01 | $399,000 (2.3%) | $872,124 (1.4%) | 1.33 | 45,955 |
| 2018-08-01 | $398,750 (2.0%) | $864,479 (0.1%) | 1.34 | 45,634 |
| 2018-09-01 | $397,500 (1.9%) | $863,007 (-0.7%) | 1.34 | 46,079 |
| 2018-10-01 | $395,000 (1.4%) | $865,304 (0.5%) | 1.34 | 47,542 |
| 2018-11-01 | $395,000 (1.3%) | $870,084 (0.6%) | 1.34 | 49,388 |
| 2018-12-01 | $390,000 (0.0%) | $876,936 (1.0%) | 1.35 | 50,362 |
| 2019-01-01 | $390,000 (0.0%) | $877,276 (-0.1%) | 1.35 | 51,140 |
| 2019-02-01 | $390,000 (0.0%) | $880,133 (0.5%) | 1.32 | 52,899 |
| 2019-03-01 | $393,857 (-0.3%) | $880,812 (0.4%) | 1.29 | 52,213 |
| 2019-04-01 | $399,000 (0.4%) | $886,067 (0.9%) | 1.27 | 50,841 |
| 2019-05-01 | $399,900 (0.2%) | $894,511 (1.9%) | 1.25 | 49,416 |
| 2019-06-01 | $399,995 (0.3%) | $888,843 (1.4%) | 1.25 | 47,728 |
| 2019-07-01 | $400,000 (0.3%) | $884,072 (1.4%) | 1.25 | 46,164 |
| 2019-08-01 | $399,727 (0.3%) | $881,485 (2.0%) | 1.27 | 45,590 |
| 2019-09-01 | $399,318 (0.5%) | $884,201 (2.5%) | 1.28 | 45,053 |
| 2019-10-01 | $399,295 (1.1%) | $890,712 (2.9%) | 1.29 | 44,973 |
| 2019-11-01 | $399,900 (1.2%) | $914,819 (5.1%) | 1.31 | 45,821 |
| 2019-12-01 | $399,900 (2.5%) | $928,944 (5.9%) | 1.33 | 45,645 |
| 2020-01-01 | $399,125 (2.3%) | $936,957 (6.8%) | 1.33 | 44,974 |
| 2020-02-01 | $399,900 (2.5%) | $942,032 (7.0%) | 1.31 | 45,472 |
| 2020-03-01 | $399,950 (1.6%) | $943,073 (7.1%) | 1.25 | 45,268 |
| 2020-04-01 | $395,000 (-1.0%) | $909,506 (2.7%) | 1.24 | 44,431 |
| 2020-05-01 | $390,000 (-2.5%) | $914,368 (2.2%) | 1.19 | 43,837 |
| 2020-06-01 | $399,000 (-0.3%) | $928,949 (4.5%) | 1.18 | 42,715 |
| 2020-07-01 | $399,450 (-0.1%) | $951,341 (7.6%) | 1.16 | 40,287 |
| 2020-08-01 | $399,900 (0.0%) | $962,154 (9.2%) | 1.15 | 39,107 |
| 2020-09-01 | $400,000 (0.2%) | $977,464 (10.6%) | 1.15 | 38,035 |
| 2020-10-01 | $405,000 (1.4%) | $988,909 (11.0%) | 1.16 | 37,485 |
| 2020-11-01 | $400,000 (0.0%) | $988,818 (8.1%) | 1.17 | 37,077 |
| 2020-12-01 | $399,999 (0.0%) | $994,325 (7.0%) | 1.19 | 35,995 |
| 2021-01-01 | $399,000 (0.0%) | $985,980 (5.2%) | 1.19 | 33,468 |
| 2021-02-01 | $396,000 (-1.0%) | $1,001,301 (6.3%) | 1.15 | 30,512 |
| 2021-03-01 | $398,750 (-0.3%) | $1,025,276 (8.7%) | 1.13 | 26,860 |
| 2021-04-01 | $412,000 (4.3%) | $1,061,309 (16.7%) | 1.12 | 24,099 |
| 2021-05-01 | $429,000 (10.0%) | $1,116,370 (22.1%) | 1.14 | 21,800 |
| 2021-06-01 | $449,000 (12.5%) | $1,163,849 (25.3%) | 1.18 | 20,633 |
| 2021-07-01 | $455,500 (14.0%) | $1,159,295 (21.9%) | 1.20 | 20,962 |
| 2021-08-01 | $459,500 (14.9%) | $1,176,863 (22.3%) | 1.23 | 20,831 |
| 2021-09-01 | $467,450 (16.9%) | $1,207,975 (23.6%) | 1.25 | 20,298 |
| 2021-10-01 | $479,850 (18.5%) | $1,260,576 (27.5%) | 1.28 | 19,457 |
| 2021-11-01 | $482,500 (20.6%) | $1,304,727 (32.0%) | 1.29 | 18,303 |
| 2021-12-01 | $492,000 (23.0%) | $1,343,447 (35.1%) | 1.33 | 17,026 |
| 2022-01-01 | $495,000 (24.1%) | $1,399,438 (41.9%) | 1.34 | 15,400 |
| 2022-02-01 | $522,450 (31.9%) | $1,501,636 (50.0%) | 1.36 | 13,563 |
| 2022-03-01 | $544,500 (36.6%) | $1,566,457 (52.8%) | 1.36 | 13,063 |
| 2022-04-01 | $577,500 (40.2%) | $1,616,114 (52.3%) | 1.38 | 12,825 |
| 2022-05-01 | $622,000 (45.0%) | $1,623,239 (45.4%) | 1.42 | 14,723 |
| 2022-06-01 | $625,000 (39.2%) | $1,531,062 (31.6%) | 1.39 | 17,323 |
| 2022-07-01 | $620,000 (36.1%) | $1,432,579 (23.6%) | 1.40 | 21,070 |
| 2022-08-01 | $604,250 (31.5%) | $1,406,924 (19.6%) | 1.40 | 22,462 |
| 2022-09-01 | $599,000 (28.1%) | $1,393,945 (15.4%) | 1.40 | 22,559 |
| 2022-10-01 | $599,000 (24.8%) | $1,407,112 (11.6%) | 1.41 | 23,833 |
| 2022-11-01 | $599,000 (24.2%) | $1,431,246 (9.7%) | 1.44 | 25,517 |
| 2022-12-01 | $595,000 (20.9%) | $1,461,330 (8.8%) | 1.47 | 25,912 |
| 2023-01-01 | $595,000 (20.2%) | $1,473,889 (5.3%) | 1.47 | 25,919 |
| 2023-02-01 | $599,000 (14.7%) | $1,503,920 (0.2%) | 1.45 | 25,462 |
| 2023-03-01 | $599,444 (10.1%) | $1,521,207 (-2.9%) | 1.41 | 24,536 |
| 2023-04-01 | $605,000 (4.8%) | $1,570,111 (-2.9%) | 1.41 | 23,340 |
| 2023-05-01 | $607,598 (-2.3%) | $1,579,899 (-2.7%) | 1.38 | 22,854 |
| 2023-06-01 | $604,848 (-3.2%) | $1,548,211 (1.1%) | 1.36 | 22,583 |
| 2023-07-01 | $600,995 (-3.1%) | $1,497,098 (4.5%) | 1.37 | 22,403 |
| 2023-08-01 | $600,000 (-0.7%) | $1,468,712 (4.4%) | 1.38 | 22,488 |
| 2023-09-01 | $599,000 (0.0%) | $1,445,209 (3.7%) | 1.39 | 24,077 |
| 2023-10-01 | $598,500 (-0.1%) | $1,453,940 (3.3%) | 1.41 | 26,415 |
| 2023-11-01 | $594,973 (-0.7%) | $1,473,539 (3.0%) | 1.42 | 29,158 |
| 2023-12-01 | $579,900 (-2.5%) | $1,467,078 (0.4%) | 1.41 | 30,835 |
| 2024-01-01 | $564,500 (-5.1%) | $1,460,653 (-0.9%) | 1.38 | 32,515 |
| 2024-02-01 | $550,000 (-8.2%) | $1,417,762 (-5.7%) | 1.32 | 34,971 |
| 2024-03-01 | $549,000 (-8.4%) | $1,373,035 (-9.7%) | 1.29 | 36,367 |
| 2024-04-01 | $540,000 (-10.7%) | $1,335,206 (-15.0%) | 1.26 | 36,956 |
| 2024-05-01 | $539,450 (-11.2%) | $1,319,018 (-16.5%) | 1.23 | 37,421 |
| 2024-06-01 | $535,000 (-11.6%) | $1,260,339 (-18.6%) | 1.22 | 37,870 |
| 2024-07-01 | $535,000 (-11.0%) | $1,229,123 (-17.9%) | 1.22 | 38,455 |
| 2024-08-01 | $530,000 (-11.7%) | $1,208,363 (-17.7%) | 1.23 | 38,724 |
| 2024-09-01 | $525,000 (-12.4%) | $1,209,341 (-16.3%) | 1.24 | 40,430 |
| 2024-10-01 | $525,000 (-12.3%) | $1,221,196 (-16.0%) | 1.24 | 41,517 |
| 2024-11-01 | $525,000 (-11.8%) | $1,247,485 (-15.3%) | 1.26 | 44,007 |
| 2024-12-01 | $522,500 (-9.9%) | $1,268,493 (-13.5%) | 1.30 | 44,833 |
| 2025-01-01 | $520,000 (-7.9%) | $1,273,716 (-12.8%) | 1.30 | 45,792 |
| 2025-02-01 | $515,000 (-6.4%) | $1,264,377 (-10.8%) | 1.25 | 48,691 |
| 2025-03-01 | $512,000 (-6.7%) | $1,252,135 (-8.8%) | 1.21 | 50,841 |
| 2025-04-01 | $510,000 (-5.6%) | $1,239,023 (-7.2%) | 1.18 | 51,987 |
Miami's median listing price comes in at 118% of the national average.
Miami's average listing price for 2025-04-01 was $1,239,023, a difference of $-96,183 (-7.2%) versus the prior year and $-13,112 versus the prior month.
For the 2025-04-01 period, Miami had 51,987 MLS listings, a difference of 1,146 listings (2%) versus the prior month and 15,031 listings (41%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Miami (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 81 days | 1,498 sqft |
| 2018-02-01 | 78 days | 1,499 sqft |
| 2018-03-01 | 72 days | 1,500 sqft |
| 2018-04-01 | 74 days | 1,501 sqft |
| 2018-05-01 | 76 days | 1,506 sqft |
| 2018-06-01 | 79 days | 1,515 sqft |
| 2018-07-01 | 80 days | 1,516 sqft |
| 2018-08-01 | 81 days | 1,513 sqft |
| 2018-09-01 | 81 days | 1,510 sqft |
| 2018-10-01 | 78 days | 1,507 sqft |
| 2018-11-01 | 75 days | 1,510 sqft |
| 2018-12-01 | 79 days | 1,507 sqft |
| 2019-01-01 | 83 days | 1,505 sqft |
| 2019-02-01 | 81 days | 1,507 sqft |
| 2019-03-01 | 79 days | 1,512 sqft |
| 2019-04-01 | 78 days | 1,520 sqft |
| 2019-05-01 | 81 days | 1,525 sqft |
| 2019-06-01 | 85 days | 1,527 sqft |
| 2019-07-01 | 86 days | 1,530 sqft |
| 2019-08-01 | 86 days | 1,524 sqft |
| 2019-09-01 | 86 days | 1,515 sqft |
| 2019-10-01 | 85 days | 1,509 sqft |
| 2019-11-01 | 81 days | 1,507 sqft |
| 2019-12-01 | 84 days | 1,500 sqft |
| 2020-01-01 | 87 days | 1,499 sqft |
| 2020-02-01 | 82 days | 1,488 sqft |
| 2020-03-01 | 74 days | 1,485 sqft |
| 2020-04-01 | 82 days | 1,462 sqft |
| 2020-05-01 | 94 days | 1,450 sqft |
| 2020-06-01 | 103 days | 1,437 sqft |
| 2020-07-01 | 96 days | 1,407 sqft |
| 2020-08-01 | 82 days | 1,389 sqft |
| 2020-09-01 | 81 days | 1,381 sqft |
| 2020-10-01 | 81 days | 1,376 sqft |
| 2020-11-01 | 79 days | 1,367 sqft |
| 2020-12-01 | 81 days | 1,357 sqft |
| 2021-01-01 | 83 days | 1,334 sqft |
| 2021-02-01 | 75 days | 1,303 sqft |
| 2021-03-01 | 64 days | 1,293 sqft |
| 2021-04-01 | 60 days | 1,297 sqft |
| 2021-05-01 | 56 days | 1,312 sqft |
| 2021-06-01 | 53 days | 1,341 sqft |
| 2021-07-01 | 52 days | 1,361 sqft |
| 2021-08-01 | 53 days | 1,365 sqft |
| 2021-09-01 | 54 days | 1,368 sqft |
| 2021-10-01 | 55 days | 1,376 sqft |
| 2021-11-01 | 56 days | 1,376 sqft |
| 2021-12-01 | 58 days | 1,366 sqft |
| 2022-01-01 | 61 days | 1,356 sqft |
| 2022-02-01 | 48 days | 1,363 sqft |
| 2022-03-01 | 40 days | 1,387 sqft |
| 2022-04-01 | 40 days | 1,435 sqft |
| 2022-05-01 | 36 days | 1,489 sqft |
| 2022-06-01 | 37 days | 1,500 sqft |
| 2022-07-01 | 40 days | 1,512 sqft |
| 2022-08-01 | 49 days | 1,513 sqft |
| 2022-09-01 | 57 days | 1,513 sqft |
| 2022-10-01 | 60 days | 1,518 sqft |
| 2022-11-01 | 61 days | 1,516 sqft |
| 2022-12-01 | 66 days | 1,500 sqft |
| 2023-01-01 | 72 days | 1,488 sqft |
| 2023-02-01 | 67 days | 1,472 sqft |
| 2023-03-01 | 60 days | 1,460 sqft |
| 2023-04-01 | 63 days | 1,453 sqft |
| 2023-05-01 | 63 days | 1,442 sqft |
| 2023-06-01 | 62 days | 1,442 sqft |
| 2023-07-01 | 64 days | 1,435 sqft |
| 2023-08-01 | 62 days | 1,427 sqft |
| 2023-09-01 | 58 days | 1,418 sqft |
| 2023-10-01 | 56 days | 1,423 sqft |
| 2023-11-01 | 57 days | 1,426 sqft |
| 2023-12-01 | 61 days | 1,407 sqft |
| 2024-01-01 | 68 days | 1,394 sqft |
| 2024-02-01 | 62 days | 1,376 sqft |
| 2024-03-01 | 58 days | 1,363 sqft |
| 2024-04-01 | 64 days | 1,353 sqft |
| 2024-05-01 | 65 days | 1,348 sqft |
| 2024-06-01 | 68 days | 1,348 sqft |
| 2024-07-01 | 73 days | 1,344 sqft |
| 2024-08-01 | 74 days | 1,340 sqft |
| 2024-09-01 | 73 days | 1,335 sqft |
| 2024-10-01 | 74 days | 1,336 sqft |
| 2024-11-01 | 74 days | 1,345 sqft |
| 2024-12-01 | 79 days | 1,333 sqft |
| 2025-01-01 | 79 days | 1,331 sqft |
| 2025-02-01 | 74 days | 1,332 sqft |
| 2025-03-01 | 67 days | 1,332 sqft |
| 2025-04-01 | 72 days | 1,332 sqft |
Miami's median square footage for active listings during the 2025-04-01 period was 1,332 sqft. One year prior, the average listing was 1,353 sqft.