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 167 lenders originated 2,264 VA loans during 2023. The total origination value was $1,111,950,000, with an average VA loan value of $491,144.

Miami VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Miami averaged 0.42% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Miami's average VA mortgage closing costs are $8,246.

The average rate for the prior week (2024-11-22) was 6.89% and one month ago for the week of 2024-10-25, the average rate was 6.38%.

The average rate one year ago was 7.12%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.51%.

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

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.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 349 6.30% $13,345
Mortgage Research Center, LLC 285 6.59% $11,639
QUICKEN LOANS, LLC 159 6.02% $15,552
EAGLE HOME MORTGAGE, LLC 127 5.35% $8,429
NAVY FEDERAL CREDIT UNION 96 5.80% $8,998
FREEDOM MORTGAGE CORPORATION 72 6.40% $17,925
CROSSCOUNTRY MORTGAGE, LLC 67 6.58% $13,570
LOANDEPOT.COM, LLC 64 5.79% $18,193
PENNYMAC LOAN SERVICES, LLC 41 5.89% $16,736
USAA Federal Savings Bank 39 6.24% $16,081
Paramount Residential Mortgage Group, Inc. 38 6.63% $16,815
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 35 6.49% $12,076
NEWREZ LLC 32 6.41% $12,114
NEW DAY FINANCIAL, LLC 32 7.46% $17,667
CARDINAL FINANCIAL 28 6.49% $16,699
Mr. Cooper ( Nationstar Mortgage ) 26 5.79% $20,718
FBC MORTGAGE, LLC 24 6.09% $11,684
EVERETT FINANCIAL, INC. 24 6.60% $13,375
GUARANTEED RATE, INC. 23 6.32% $12,820
The Federal Savings Bank 22 6.48% $17,882
VILLAGE CAPITAL MORTGAGE 21 6.32% $13,933
PULTE MORTGAGE LLC 20 5.90% $7,976
AMERICAN PACIFIC MORTGAGE CORPORATION 17 6.49% $15,553
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 17 6.40% $11,983
AMERICAN FINANCIAL NETWORK, INC. 14 6.77% $15,836
Plains Commerce Bank 13 6.01% $12,934
AMERISAVE MORTGAGE CORPORATION 13 5.76% $19,494
ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 6.29% $12,614
MOVEMENT MORTGAGE, LLC 12 6.33% $12,730
PENTAGON FEDERAL CREDIT UNION 12 5.53% $10,816
DHI MORTGAGE COMPANY, LTD. 11 5.42% $9,550
BROKER SOLUTIONS, INC. 11 6.25% $16,877
Barrington Bank & Trust Company, N.A. 11 6.76% $13,238
NBKC BANK 10 5.71% $10,089
CMG MORTGAGE, INC. 10 6.06% $21,884
Equity Prime Mortgage LLC 10 6.86% $13,628
MUTUAL OF OMAHA MORTGAGE, INC. 10 6.00% $16,374
GUARANTEED RATE AFFINITY, LLC 9 6.34% $14,212
JPMorgan Chase Bank 8 6.23% $6,974
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 8 6.41% $16,076
BNC National Bank 8 5.42% $8,624
Flagstar Bank, FSB 8 6.25% $23,992
Wells Fargo Bank 7 5.50% $9,994
Mid-Continent Funding, Inc. 7 5.75% $18,313
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.95% $16,678
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.62% $16,465
THE MORTGAGE FIRM, INC. 7 6.79% $11,801
Century Mortgage Company DBA Century Lending Company 7 6.03% $14,253
NETWORK CAPITAL FUNDING CORPORATION 7 5.84% $18,786
PLAZA HOME MORTGAGE, INC. 7 6.38% $20,670
HOMESIDE FINANCIAL, LLC 7 6.64% $19,522
NVR Mortgage Finance, Inc. 7 5.57% $19,494
SUN WEST MORTGAGE COMPANY, INC. 6 6.27% $25,328
NFM, INC. 6 6.29% $16,502
Armed Forces Bank 6 5.90% $13,928
NATIONWIDE MORTGAGE BANKERS, INC. 6 6.94% $17,915
GENEVA FINANCIAL, LLC 6 6.71% $24,166
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.58% $13,654
MY MORTGAGE, INC. 5 7.28% $12,357
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.33% $15,896
PREMIA MORTGAGE, LLC 5 5.58% $7,057
PANORAMA MORTGAGE GROUP, LLC 5 6.58% $18,517
PLANET HOME LENDING, LLC 5 5.20% $13,736
Waterstone Mortgage Corporation 4 6.03% $22,988
Commerce Home Mortgage, Inc. 4 6.34% $9,808
T2 FINANCIAL LLC 4 6.84% $12,147
POINT Mortgage 4 6.84% $15,452
Citizens Bank 4 6.13% $20,635
Sierra Pacific Mortgage Company, Inc. 4 6.31% $14,980
BAY EQUITY LLC 4 6.44% $9,196
U.S. Bank 4 6.19% $13,298
LOANPAL, LLC 3 6.08% $13,327
AMCAP MORTGAGE, LTD. 3 6.96% $22,482
CALIBER HOME LOANS, INC. 3 6.13% $18,968
EMM LOANS LLC 3 6.00% $15,074
FIRST EQUITY MORTGAGE BANKERS, INC. 3 6.29% $10,664
Ixonia Bank 3 6.50% $21,037
MICHIGAN MUTUAL, INC. 3 6.46% $9,192
Nations Lending Corporation 3 6.88% $25,227
Northpointe Bank 3 6.25% $35,505
NP, Inc. 3 6.62% $12,031
PHH Mortgage Corporation 3 7.04% $8,331
RADIUS FINANCIAL GROUP INC. 3 6.12% $10,281
Regions Bank 3 6.04% $12,508
RELIANCE FIRST CAPITAL, LLC 3 7.00% $11,521
Strong Home Mortgage, LLC 3 5.25% $17,449
SWBC MORTGAGE CORPORATION 3 6.33% $10,308
VAN DYK MORTGAGE CORPORATION 3 6.54% $11,930
VERITAS FUNDING, LLC 3 5.88% $21,571
SUCCESS MORTGAGE PARTNERS, INC. 2 7.31% $27,776
Cornerstone First Mortgage, Inc 2 7.18% $20,107
BANKING MORTGAGE SERVICES, B.M.S. CORP. 2 6.81% $22,881
MILEND, INC. 2 6.13% $16,988
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 6.88% $15,042
TBI MORTGAGE COMPANY 2 6.06% $18,345
AMERICAN BANCSHARES MORTGAGE 2 6.13% $17,689
The Central Trust Bank 2 5.75% $13,157
Community First National Bank 2 6.50% $4,957
US MORTGAGE CORPORATION 2 6.69% $20,963
American Mortgage & Equity Consultants, Inc. 2 6.00% $8,817
TJC Mortgage, Inc. 2 6.94% $19,085
TOWNE MORTGAGE COMPANY 2 6.06% $13,892
Truist 2 6.50% $10,443
J. VIRGIL, INC. 2 6.44% $6,935
AMERICAN FINANCIAL RESOURCES, INC. 2 7.00% $19,167
Lakeview Community Capital, LLC 2 6.00% $15,774
Seacoast National Bank 2 7.25% $11,576
HOMESPIRE MORTGAGE CORPORATION 2 7.25% $18,224
HOME FINANCING CENTER, INC. 2 7.63% $20,104
Shamrock Home Loans, Inc. 2 5.75% $4,374
Franklin Loan Corporation 2 6.38% $27,677
Premium Mortgage Corporation 2 5.88% $12,457
DAS Acquisition Company, LLC 2 6.69% $9,915
ABSOLUTE HOME MORTGAGE CORPORATION 2 6.56% $16,752
Bell Bank 1 6.75% $9,055
BAYSHORE MORTGAGE FUNDING, LLC 1 6.75% $38,020
Atlantic Coast Mortgage, LLC 1 5.75% $8,471
Alcova Mortgage LLC 1 7.63% $5,880
READY MORTGAGE LENDERS, LLC 1 7.25% $6,195
ACADEMY MORTGAGE CORPORATION 1 5.75% $12,904
RESIDENTIAL BANCORP 1 5.75% $28,701
Sandy Spring Bank 1 5.75% $7,065
SECURITYNATIONAL MORTGAGE COMPANY 1 5.25% $25,404
AmeriHome Mortgage Company, LLC 1 5.13% $7,653
SIRVA MORTGAGE, INC. 1 6.75% $30,983
Stifel Bank and Trust 1 5.63% $5,857
SUMMIT FUNDING, INC. 1 6.25% $20,140
American Security Mortgage Corp. 1 5.75% $32,853
ACOPIA, LLC 1 5.75% $19,857
TD Bank 1 7.00% $4,147
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $9,069
The Loan Store, Inc. 1 6.88% $16,675
TOP FLITE FINANCIAL, INC. 1 6.75% $45,017
Hometown Equity Mortgage, LLC 1 5.25% $82,043
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 5.63% $6,071
LAKEVIEW LOAN SERVICING, LLC 1 5.75% $20,554
1ST FINANCIAL, INC. 1 7.50% $4,374
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 5.75% $17,724
Meridian Bank Corporation 1 7.00% $5,308
Towne Bank 1 6.00% $20,019
MID AMERICA MORTGAGE, INC. 1 5.38% $6,929
MID-ISLAND MORTGAGE CORP. 1 5.75% $7,386
HomePromise Corporation 1 7.63% $1,175
Mid Penn Bank 1 6.38% $32,423
MORTGAGEONE, INC. 1 6.88% $14,180
GUILD MORTGAGE COMPANY 1 6.63% $19,627
GARDNER FINANCIAL SERVICES, LTD. 1 7.13% $18,976
M&T Bank 1 7.25% $5,622
First United Bank and Trust Company 1 6.38% $10,021
FIRST MORTGAGE COMPANY, INC. 1 6.38% $11,791
NATIONS DIRECT MORTGAGE, LLC 1 5.99% $35,697
FIRST HOME MORTGAGE CORPORATION 1 6.25% $18,409
First Heritage Mortgage, LLC 1 6.63% $20,390
FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $4,498
FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.25% $23,504
Fifth Third Bank 1 5.88% $6,832
EMBRACE HOME LOANS, INC. 1 5.63% $15,251
NexBank 1 6.25% $20,569
East Coast Capital Corp. 1 7.75% $14,535
DRAPER AND KRAMER MORTGAGE CORP. 1 5.63% $15,398
DG PINNACLE FUNDING LLC 1 7.25% $10,952
CONTOUR MORTGAGE CORPORATION 1 7.25% $14,879
City National Bank of Florida 1 6.38% $16,711
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.00% $17,091
PNC Bank 1 6.75% $9,408
Carrington Mortgage Services, LLC 1 6.13% $8,427
BRIGHTSTAR 1 6.63% $4,668

The top Miami VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 349 VA loans originated. Their average total fees are $13,345, which is $1,707 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Miami VA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($7,976), EAGLE HOME MORTGAGE, LLC ($8,429), NAVY FEDERAL CREDIT UNION ($8,998), DHI MORTGAGE COMPANY, LTD. ($9,550) and NBKC BANK ($10,089).

The lowest rate Miami VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.35%), DHI MORTGAGE COMPANY, LTD. (5.42%), PENTAGON FEDERAL CREDIT UNION (5.53%), NBKC BANK (5.71%) and AMERISAVE MORTGAGE CORPORATION (5.76%).


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%) $877,777 (3.0%) 1.45 46,965
2018-02-01 $389,950 (3.4%) $875,940 (2.6%) 1.42 48,000
2018-03-01 $394,900 (3.3%) $877,243 (2.1%) 1.39 48,472
2018-04-01 $397,250 (3.2%) $878,487 (1.5%) 1.35 48,105
2018-05-01 $399,000 (2.7%) $877,971 (0.5%) 1.33 47,079
2018-06-01 $399,000 (3.2%) $876,877 (1.6%) 1.33 46,265
2018-07-01 $399,000 (2.2%) $872,035 (1.4%) 1.33 45,954
2018-08-01 $398,750 (2.0%) $864,389 (0.0%) 1.34 45,632
2018-09-01 $397,500 (1.9%) $862,917 (-0.7%) 1.34 46,077
2018-10-01 $395,000 (1.4%) $865,206 (0.5%) 1.34 47,540
2018-11-01 $395,000 (1.3%) $870,007 (0.6%) 1.34 49,385
2018-12-01 $390,000 (0.0%) $876,847 (1.0%) 1.35 50,359
2019-01-01 $390,000 (0.0%) $877,182 (-0.1%) 1.35 51,137
2019-02-01 $390,000 (0.0%) $880,033 (0.5%) 1.32 52,897
2019-03-01 $393,857 (-0.3%) $880,719 (0.4%) 1.29 52,211
2019-04-01 $399,000 (0.4%) $885,981 (0.9%) 1.27 50,838
2019-05-01 $399,900 (0.2%) $894,521 (1.9%) 1.25 49,415
2019-06-01 $399,993 (0.3%) $888,854 (1.4%) 1.25 47,726
2019-07-01 $400,000 (0.3%) $884,100 (1.4%) 1.25 46,161
2019-08-01 $399,727 (0.3%) $881,518 (2.0%) 1.27 45,587
2019-09-01 $399,318 (0.5%) $884,240 (2.5%) 1.28 45,049
2019-10-01 $399,295 (1.1%) $890,757 (3.0%) 1.29 44,969
2019-11-01 $399,900 (1.2%) $914,850 (5.2%) 1.31 45,819
2019-12-01 $399,900 (2.5%) $928,958 (5.9%) 1.33 45,643
2020-01-01 $399,000 (2.3%) $936,963 (6.8%) 1.33 44,972
2020-02-01 $399,900 (2.5%) $942,047 (7.1%) 1.31 45,470
2020-03-01 $399,950 (1.6%) $943,092 (7.1%) 1.25 45,265
2020-04-01 $395,000 (-1.0%) $909,526 (2.7%) 1.24 44,428
2020-05-01 $390,000 (-2.5%) $914,374 (2.2%) 1.19 43,836
2020-06-01 $399,000 (-0.3%) $928,947 (4.5%) 1.18 42,714
2020-07-01 $399,450 (-0.1%) $951,359 (7.6%) 1.16 40,285
2020-08-01 $399,900 (0.0%) $962,177 (9.2%) 1.15 39,106
2020-09-01 $400,000 (0.2%) $977,488 (10.6%) 1.15 38,034
2020-10-01 $405,000 (1.4%) $988,910 (11.0%) 1.16 37,485
2020-11-01 $400,000 (0.0%) $988,828 (8.1%) 1.17 37,076
2020-12-01 $399,999 (0.0%) $994,355 (7.0%) 1.19 35,993
2021-01-01 $399,000 (0.0%) $986,024 (5.2%) 1.19 33,467
2021-02-01 $396,000 (-1.0%) $1,001,349 (6.3%) 1.15 30,510
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%) $1,163,875 (25.3%) 1.18 20,632
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%) $1,208,002 (23.6%) 1.25 20,297
2021-10-01 $479,850 (18.5%) $1,260,576 (27.5%) 1.28 19,456
2021-11-01 $482,500 (20.6%) $1,304,770 (32.0%) 1.29 18,302
2021-12-01 $492,500 (23.1%) $1,343,496 (35.1%) 1.33 17,025
2022-01-01 $495,000 (24.1%) $1,399,371 (41.9%) 1.34 15,401
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 $577,000 (40.1%) $1,616,168 (52.3%) 1.38 12,824
2022-05-01 $622,000 (45.0%) $1,623,263 (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 $604,000 (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 (20.8%) $1,461,330 (8.8%) 1.47 25,912
2023-01-01 $595,000 (20.2%) $1,473,844 (5.3%) 1.47 25,920
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 (4.9%) $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%) $1,473,559 (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%) $1,335,177 (-15.0%) 1.26 36,957
2024-05-01 $539,450 (-11.2%) $1,328,676 (-15.9%) 1.22 37,425
2024-06-01 $535,000 (-11.6%) $1,274,959 (-17.7%) 1.20 37,869
2024-07-01 $535,000 (-11.0%) $1,229,123 (-17.9%) 1.22 38,455
2024-08-01 $530,000 (-11.7%) $1,208,342 (-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%) $1,221,215 (-16.0%) 1.24 41,516
Miami's median listing price for 2024-10-01 was $525,000, a difference of $-73,500 (-12.3%) versus the prior year and $0 versus the prior month.

Miami's median listing price comes in at 124% of the national average.

Miami's average listing price for 2024-10-01 was $1,221,215, a difference of $-232,725 (-16.0%) versus the prior year and $11,874 versus the prior month.

For the 2024-10-01 period, Miami had 41,516 MLS listings, a difference of 1,086 listings (3%) versus the prior month and 15,101 listings (57%) 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 1,517 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 1,526 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 1,516 sqft
2019-10-01 85 days 1,508 sqft
2019-11-01 81 days 1,506 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 1,461 sqft
2020-05-01 94 days 1,450 sqft
2020-06-01 103 days 1,437 sqft
2020-07-01 96 days 1,406 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 1,366 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 1,296 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 1,369 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 1,364 sqft
2022-03-01 40 days 1,387 sqft
2022-04-01 40 days 1,435 sqft
2022-05-01 36 days 1,488 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 1,515 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 1,459 sqft
2023-04-01 63 days 1,452 sqft
2023-05-01 63 days 1,442 sqft
2023-06-01 62 days 1,441 sqft
2023-07-01 64 days 1,434 sqft
2023-08-01 62 days 1,426 sqft
2023-09-01 58 days 1,417 sqft
2023-10-01 56 days 1,422 sqft
2023-11-01 57 days 1,425 sqft
2023-12-01 61 days 1,406 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 64 days 1,344 sqft
2024-06-01 67 days 1,343 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
Miami's median listing age (time on market) for 2024-10-01 was 74 days. This is 31% longer than the same period one year ago.

Miami's median square footage for active listings during the 2024-10-01 period was 1,336 sqft. One year prior, the average listing was 1,422 sqft.

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.