Miami VA Loans

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 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 282 lenders originated 8,611 VA loans during 2021. The total origination value was $3,155,565,000, with an average VA loan value of $366,457.

Miami VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Miami averaged 5.66% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.61% and one month ago for the week of 2022-07-01, the average rate was 5.83%.

The average rate one year ago was 3.12%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.1%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Miami level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 730 2.46% $4,728
QUICKEN LOANS, LLC 705 2.44% $6,153
Mortgage Research Center, LLC 661 2.82% $9,522
UNITED WHOLESALE MORTGAGE, LLC 445 2.58% $8,596
PENNYMAC LOAN SERVICES, LLC 351 2.34% $7,028
NAVY FEDERAL CREDIT UNION 289 2.48% $7,884
CALIBER HOME LOANS, INC. 264 2.61% $7,520
LOANDEPOT.COM, LLC 224 2.52% $6,794
EAGLE HOME MORTGAGE, LLC 187 2.99% $8,749
USAA Federal Savings Bank 186 2.82% $5,816
CROSSCOUNTRY MORTGAGE, LLC 166 2.92% $10,078
NEW DAY FINANCIAL, LLC 159 2.81% $9,527
VILLAGE CAPITAL & INVESTMENT LLC 158 2.34% $4,892
HOME POINT FINANCIAL CORPORATION 139 2.46% $7,083
Mr. Cooper ( Nationstar Mortgage ) 127 2.67% $4,161
Paramount Residential Mortgage Group, Inc. 124 3.05% $11,123
LAKEVIEW LOAN SERVICING, LLC 124 2.45% $2,853
CLEARPATH LENDING 103 2.32% $5,627
Lakeview Community Capital, LLC 93 2.49% $2,602
NEWREZ LLC 92 2.71% $4,977
PENTAGON FEDERAL CREDIT UNION 82 2.36% $2,945
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 80 2.96% $12,814
GUARANTEED RATE, INC. 79 2.65% $7,654
The Federal Savings Bank 66 2.53% $8,265
Flagstar Bank, FSB 61 2.75% $9,313
PLANET HOME LENDING, LLC 58 2.48% $3,759
Wells Fargo Bank 57 2.48% $5,517
Barrington Bank & Trust Company, N.A. 53 2.76% $6,917
AMERICAN FINANCIAL NETWORK, INC. 51 2.74% $19,650
AMERISAVE MORTGAGE CORPORATION 48 2.53% $6,880
Carrington Mortgage Services, LLC 48 3.06% $8,706
PRIMARY RESIDENTIAL MORTGAGE, INC. 46 3.09% $9,102
HOMEBRIDGE FINANCIAL SERVICES, INC. 46 2.62% $7,735
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 45 2.64% $13,222
Low VA Rates, LLC 42 2.60% $5,460
InterContinental Capital Group, Inc 41 2.53% $4,762
THE MORTGAGE FIRM, INC. 41 2.74% $9,650
FBC MORTGAGE, LLC 40 2.78% $8,039
DHI MORTGAGE COMPANY, LTD. 40 2.67% $8,807
BROKER SOLUTIONS, INC. 40 2.76% $7,969
HAMILTON HOME LOANS, INC. 37 3.06% $10,206
NP, Inc. 31 2.60% $8,362
SUN WEST MORTGAGE COMPANY, INC. 31 2.35% $4,337
First Guaranty Mortgage Corporation 30 2.50% $5,951
North American Savings Bank, F.S.B. 28 2.41% $7,878
KS StateBank 24 2.38% $7,543
Commerce Home Mortgage, Inc. 24 2.78% $9,624
Mid-Continent Funding, Inc. 23 2.61% $9,077
NBKC BANK 23 2.41% $7,754
MUTUAL OF OMAHA MORTGAGE, INC. 22 2.48% $7,151
MOVEMENT MORTGAGE, LLC 22 2.82% $6,980
PLAZA HOME MORTGAGE, INC. 21 2.68% $10,935
CAPITAL PARTNERS MORTGAGE, LLC 21 2.97% $10,597
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 20 2.61% $10,205
BNC National Bank 20 2.26% $8,256
Equity Prime Mortgage LLC 20 3.34% $8,568
VAN DYK MORTGAGE CORPORATION 20 2.83% $6,633
NVR Mortgage Finance, Inc. 19 2.91% $7,171
GUARANTEED RATE AFFINITY, LLC 19 2.57% $7,762
ARK-LA-TEX FINANCIAL SERVICES, LLC. 19 2.85% $10,080
COLUMBUS CAPITAL LENDING, LLC 17 2.91% $12,942
GROUP ONE MORTGAGE, INC. 17 2.68% $10,341
STEARNS LENDING, LLC 17 2.54% $6,667
Magnolia Bank 16 2.57% $9,198
Strong Home Mortgage, LLC 16 2.42% $7,879
NETWORK CAPITAL FUNDING CORPORATION 16 2.61% $6,913
ACCELERATE MORTGAGE, LLC 16 2.31% $6,695
First Federal Bank 15 3.06% $10,291
ABSOLUTE HOME MORTGAGE CORPORATION 14 2.79% $10,107
CMG MORTGAGE, INC. 13 2.92% $8,272
EVERETT FINANCIAL, INC. 12 3.18% $9,587
1ST FINANCIAL, INC. 11 2.97% $10,114
Northpointe Bank 11 2.67% $7,031
PRIMELENDING, A PLAINSCAPITAL COMPANY 11 2.86% $13,492
Prosperity Home Mortgage, LLC 11 2.63% $8,929
TOWNE MORTGAGE COMPANY 11 2.76% $8,594
U.S. Bank 11 2.70% $14,574
PNC Bank 10 2.75% $6,580
PULTE MORTGAGE LLC 10 2.85% $7,289
CELEBRITY HOME LOANS, LLC 9 2.53% $12,349
AmeriHome Mortgage Company, LLC 9 2.73% $3,452
AMERICAN FINANCING CORPORATION 9 2.51% $6,688
Prime Choice Funding Inc. 9 2.51% $5,567
SWBC MORTGAGE CORPORATION 8 3.13% $11,427
CHURCHILL MORTGAGE CORPORATION 8 2.64% $9,827
LEADERONE FINANCIAL CORPORATION 8 2.56% $14,107
FIRST EQUITY MORTGAGE BANKERS, INC. 8 3.06% $11,225
Wyndham Capital Mortgage, Inc. 8 2.36% $2,041
HOMESIDE FINANCIAL, LLC 8 2.59% $3,316
AMCAP MORTGAGE, LTD. 8 3.11% $10,990
Mortgage Lenders Investment Trading Corporation 7 2.96% $10,648
Paramount Bank 7 2.73% $13,170
EMBRACE HOME LOANS, INC. 7 2.54% $7,535
MATTAMY HOME FUNDING, LLC 6 2.85% $9,607
Truist Bank 6 2.80% $5,958
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 3.06% $7,457
SUCCESS MORTGAGE PARTNERS, INC. 6 2.98% $8,846
TJC Mortgage, Inc. 6 2.27% $7,626
AMERICAN PACIFIC MORTGAGE CORPORATION 6 2.60% $13,613
Citizens Bank 6 3.00% $7,354
FINANCE OF AMERICA MORTGAGE LLC 6 2.58% $3,553
CONTOUR MORTGAGE CORPORATION 6 2.50% $3,714
ACADEMY MORTGAGE CORPORATION 6 3.21% $15,439
Community First National Bank 6 2.57% $4,870
RADIUS FINANCIAL GROUP INC. 6 2.46% $8,370
UNION HOME MORTGAGE CORP. 6 2.27% $6,821
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 3.22% $13,580
PARKSIDE LENDING, LLC 5 2.65% $6,233
Manufacturers and Traders Trust Company 5 2.45% $4,433
LENDUS, LLC 5 2.57% $15,296
LENDING 3, INC. 5 2.43% $4,745
First Federal Bank of Kansas City 5 2.35% $2,927
FAIRWAY FUNDING GROUP, INC. 5 2.35% $9,607
CORNERSTONE HOME LENDING, INC. 5 2.95% $7,185
ZILLOW HOME LOANS, LLC 5 2.63% $15,221
UNITED MORTGAGE CORP. 5 2.80% $11,106
PANORAMA MORTGAGE GROUP, LLC 5 3.14% $7,482
SOVEREIGN LENDING GROUP INCORPORATED 5 2.80% $6,485
FOUNDATION MORTGAGE CORPORATION 5 2.95% $9,791
PREMIA MORTGAGE, LLC 5 2.28% $7,483
Gateway First Bank 5 2.75% $7,278
The Central Trust Bank 4 2.34% $4,323
Capital Bank 4 2.66% $5,572
JPMorgan Chase Bank 4 2.94% $6,908
J. VIRGIL, INC. 4 2.81% $8,608
First Mortgage Solutions, LLC 4 2.25% $8,987
First Savings Bank 4 2.69% $9,548
Meridian Bank Corporation 4 2.31% $7,542
MID AMERICA MORTGAGE, INC. 4 3.09% $7,033
BANKERS MORTGAGE LENDING, INC. 4 2.84% $10,484
NATIONS DIRECT MORTGAGE, LLC 4 2.87% $13,522
Nations Lending Corporation 4 3.03% $5,179
First Midwest Bank 3 2.42% $3,526
ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 3.08% $6,824
SPACE COAST Credit Union 3 2.88% $9,791
Renasant Bank 3 2.71% $12,082
Regions Bank 3 2.71% $10,255
GENEVA FINANCIAL, LLC 3 2.71% $14,656
US MORTGAGE CORPORATION 3 2.67% $22,362
Ameris Bank 3 2.42% $3,840
BANKING MORTGAGE SERVICES, B.M.S. CORP. 3 3.13% $12,248
APEX HOME LOANS, INC. 3 2.79% $12,445
AmRes Corporation 3 2.63% $9,875
MORTGAGE EQUITY PARTNERS LLC 3 2.92% $11,149
Plains Commerce Bank 3 2.71% $3,550
Hometown Equity Mortgage, LLC 3 3.71% $6,010
OCMBC, INC. 3 3.00% $16,748
Century Mortgage Company DBA Century Lending Company 3 2.75% $16,148
TIAA, FSB 3 2.58% $11,507
BRIGHTSTAR 3 2.79% $4,547
Atlantic Home Loans, Inc. 3 2.79% $7,180
Bank of England 3 2.38% $5,292
BOKF 2 2.75% $3,473
LADERA LENDING, INC. 2 3.06% $3,173
DYBN FINANCIAL CORP. 2 2.63% $3,882
RESIDENTIAL BANCORP. 2 2.81% $4,287
Amerifirst Financial, Inc. 2 2.63% $11,481
First Option Mortgage, LLC 2 3.06% $17,135
LOANFLIGHT LENDING, LLC 2 2.31% $3,557
LOANPAL, LLC 2 2.25% $15,266
Bank of America 2 2.69% $900
FIRST ALLIANCE HOME MORTGAGE, LLC 2 2.81% $4,889
GUILD MORTGAGE COMPANY 2 3.13% $5,403
MCLEAN MORTGAGE CORPORATION 2 2.81% $5,986
EagleBank 2 2.94% $4,405
CHAMPIONS MORTGAGE LLC 2 2.37% $8,399
FLAT BRANCH MORTGAGE, INC. 2 3.00% $6,741
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 2.81% $3,907
FAMILY FIRST FUNDING LLC 2 2.81% $11,910
Fifth Third Bank 2 2.75% $7,074
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 2.75% $12,182
OVM FINANCIAL, INC. 2 2.94% $3,403
NATIONS RELIABLE LENDING, LLC 2 3.37% $7,586
CERTAINTY HOME LOANS, LLC 2 2.50% $4,830
AMERIFIRST FINANCIAL CORPORATION 2 3.38% $28,358
Arvest Bank 2 2.63% $19,709
Armed Forces Bank 2 2.38% $10,098
ARC HOME LLC 2 2.50% $3,221
George Mason Mortgage, LLC 2 2.37% $9,226
TBI MORTGAGE COMPANY 2 2.81% $5,334
Texana Bank 2 2.38% $3,909
Hometown Lenders, Inc. 2 2.50% $18,620
HOMESTEAD FUNDING CORP. 2 2.31% $13,036
IMPAC MORTGAGE CORP. 2 2.63% $6,605
CityWorth Mortgage LLC 2 3.00% $6,705
Towne Bank 2 2.69% $6,213
INTERCOASTAL MORTGAGE COMPANY 2 2.63% $9,902
South State Bank 2 2.63% $10,758
Tyndall Federal Credit Union 2 2.63% $6,353
East Coast Capital Corp. 2 2.88% $18,720
SECURITYNATIONAL MORTGAGE COMPANY 2 3.38% $15,516
ALLIED MORTGAGE GROUP, INC. 2 2.38% $2,373
ITHINK FINANCIAL Credit Union 2 2.81% $7,975
SeaTrust Mortgage Company 2 2.88% $3,983
Ixonia Bank 2 3.00% $7,039
Advance Financial Group, LLC 2 2.25% $5,964
FirstBank 2 2.88% $3,583
JAMES B. NUTTER & COMPANY 2 2.69% $4,753
CHERRY CREEK MORTGAGE, LLC 2 2.56% $574
S1L, Inc. 2 2.50% $15,980
CROSSFIRE FINANCIAL NETWORK, INC. 2 3.25% $7,052
HighTechLending Inc 2 2.75% $6,181
NFM, INC. 2 2.81% $16,505
Ross Mortgage Company, Inc. 2 2.69% $10,144
RESIDENTIAL HOME FUNDING CORP. 2 3.69% $19,909
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 2 2.75% $9,158
OPEN MORTGAGE, LLC 1 2.50% $4,167
CITYWIDE HOME LOANS, LLC 1 2.25% $4,483
DRAPER AND KRAMER MORTGAGE CORP. 1 2.50% $5,602
EMM LOANS LLC 1 2.75% $20,819
City Bank 1 2.88% $3,635
Citibank 1 2.25% $4,134
FEDEX EMPLOYEES CREDIT ASSOCIATION 1 2.50% $15,751
FIDELITY FUNDING MORTGAGE CORP. 1 2.25% $4,757
FIRST COMMUNITY MORTGAGE, INC. 1 3.13% $18,733
Christensen Financial, Inc. 1 3.25% $3,596
FIRST FLORIDA Credit Union 1 3.25% $3,826
First Heritage Mortgage, LLC 1 3.75% $3,946
First Home Bank 1 4.25% $22,336
FIRST HOME MORTGAGE CORPORATION 1 2.50% $2,716
First Internet Bank of Indiana 1 2.50% $4,322
Florida Capital Bank 1 2.13% $13,053
Goldwater Bank, N.A. 1 2.50% $11,698
GoPrime Mortgage, Inc. 1 2.25% $1,773
Great Plains National Bank 1 3.00% $8,909
Centennial Bank 1 2.25% $3,190
CBM Mortgage, Inc. 1 2.63% $19,902
HANCOCK MORTGAGE PARTNERS, LLC 1 2.50% $4,719
CANOPY MORTGAGE, LLC 1 2.38% $3,574
HOME FINANCING CENTER, INC. 1 4.25% $18,720
Home Mortgage Alliance Corp 1 2.38% $11,495
CALCON MUTUAL MORTGAGE LLC 1 3.75% $10,507
HOMESPIRE MORTGAGE CORPORATION 1 2.25% $0
HOMESTAR FINANCIAL CORPORATION 1 2.38% $6,635
JMAC LENDING, INC. 1 2.63% $24,423
JMJ FINANCIAL GROUP 1 2.75% $26,006
KeyBank 1 2.75% $16,684
Keystone Funding, Inc. 1 2.25% $13,463
BEST CAPITAL FUNDING 1 3.63% $10,263
BAYSHORE MORTGAGE FUNDING, LLC 1 3.25% $12,398
LEGEND LENDING CORPORATION 1 3.13% $8,529
LENOX FINANCIAL MORTGAGE CORPORATION 1 2.38% $6,352
BAY EQUITY LLC 1 2.75% $10,261
MIAMI FIREFIGHTERS FCU 1 2.88% $9,649
MLD MORTGAGE INC. 1 2.25% $4,686
Atlantic Union Bank 1 2.75% $6,291
Atlantic Coast Mortgage, LLC 1 3.00% $16,704
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.63% $24,867
Assurance Financial Group, L.L.C. 1 2.50% $17,878
NBH Bank 1 2.37% $2,839
NewTowne Mortgage, LLC 1 2.75% $14,869
ANGEL OAK HOME LOANS LLC 1 2.50% $2,350
WESTERN EXPRESS LENDING 1 2.38% $8,927
NTFN, INC. 1 3.13% $5,754
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.88% $3,284
PHH Mortgage Corporation 1 2.75% $8,995
American Security Mortgage Corp. 1 2.50% $21,857
West Town Bank & Trust 1 2.75% $9,365
Willamette Valley Bank 1 2.75% $9,743
American Mortgage & Equity Consultants, Inc. 1 3.25% $3,297
READY MORTGAGE LENDERS, LLC 1 2.88% $2,297
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 3.00% $21,902
ROSS MORTGAGE CORPORATION 1 3.13% $11,904
Seacoast National Bank 1 2.75% $3,020
Sierra Pacific Mortgage Company, Inc. 1 2.75% $4,664
SIRVA MORTGAGE, INC. 1 2.38% $9,240
SOUTHERN TRUST MORTGAGE, LLC 1 2.75% $0
AMERICAN HOME LENDING USA, LLC 1 2.49% $5,153
STOCKTON MORTGAGE CORPORATION 1 2.25% $3,347
Sunflower Bank 1 2.75% $7,216
AMERICAN FINANCIAL RESOURCES, INC. 1 3.63% $9,136
Synovus Bank 1 2.38% $7,769
AMERICAN ADVISORS GROUP 1 2.63% $9,154
TIDEWATER MORTGAGE SERVICES, INC. 1 3.00% $30,163
TOTAL MORTGAGE SERVICES, LLC 1 2.88% $8,762
TruHome Solutions, LLC 1 3.00% $5,351
Advisors Mortgage Group, L.L.C. 1 2.88% $6,484
Uwharrie Bank 1 2.25% $3,569
Waterstone Mortgage Corporation 1 2.75% $33,651
1ST SIGNATURE LENDING, LLC 1 2.75% $19,817
COMPASS MORTGAGE, INC. 1 2.75% $6,703
Credence Funding Corporation 1 2.25% $3,255

The top Miami VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 730 VA loans originated. Their average total fees are $4,728, which is $1,425 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Miami VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,602), LAKEVIEW LOAN SERVICING, LLC ($2,853), PENTAGON FEDERAL CREDIT UNION ($2,945), PLANET HOME LENDING, LLC ($3,759) and Mr. Cooper ( Nationstar Mortgage ) ($4,161).

The lowest rate Miami VA lenders (with over 10 loans originated) are BNC National Bank (2.26%), ACCELERATE MORTGAGE, LLC (2.31%), CLEARPATH LENDING (2.32%), PENNYMAC LOAN SERVICES, LLC (2.34%) and VILLAGE CAPITAL & INVESTMENT LLC (2.34%).


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 $396,156 (4.3%) $918,614 (2.8%) 1.46 47,888
2018-02-01 $395,000 (3.4%) $918,452 (2.8%) 1.42 48,934
2018-03-01 $398,000 (2.3%) $919,255 (2.2%) 1.38 49,490
2018-04-01 $399,000 (2.3%) $919,912 (0.6%) 1.34 49,075
2018-05-01 $399,700 (1.2%) $916,176 (-0.2%) 1.33 48,034
2018-06-01 $399,999 (2.6%) $911,815 (0.5%) 1.33 47,153
2018-07-01 $399,900 (0.2%) $905,816 (0.6%) 1.33 46,869
2018-08-01 $399,250 (0.6%) $898,559 (0.0%) 1.33 46,483
2018-09-01 $399,000 (0.5%) $896,427 (-0.8%) 1.33 46,852
2018-10-01 $399,000 (1.0%) $903,016 (0.3%) 1.33 48,425
2018-11-01 $398,000 (0.3%) $908,836 (0.4%) 1.33 50,373
2018-12-01 $395,000 (0.0%) $917,567 (0.5%) 1.35 51,461
2019-01-01 $395,000 (-0.3%) $919,360 (0.1%) 1.36 52,278
2019-02-01 $395,000 (0.0%) $923,299 (0.5%) 1.32 54,082
2019-03-01 $398,285 (0.1%) $930,975 (1.3%) 1.30 53,304
2019-04-01 $400,000 (0.3%) $942,457 (2.5%) 1.26 51,880
2019-05-01 $409,500 (2.5%) $946,388 (3.3%) 1.26 50,393
2019-06-01 $410,000 (2.5%) $940,863 (3.2%) 1.26 48,676
2019-07-01 $410,000 (2.5%) $927,931 (2.4%) 1.27 47,062
2019-08-01 $406,996 (1.9%) $927,093 (3.2%) 1.28 45,954
2019-09-01 $402,199 (0.8%) $932,917 (4.1%) 1.28 45,034
2019-10-01 $409,950 (2.7%) $950,708 (5.3%) 1.31 45,856
2019-11-01 $411,648 (3.4%) $976,683 (7.5%) 1.33 46,837
2019-12-01 $411,328 (4.1%) $1,000,574 (9.1%) 1.37 46,952
2020-01-01 $411,000 (4.1%) $1,011,537 (10.0%) 1.37 45,959
2020-02-01 $415,000 (5.1%) $1,015,586 (10.0%) 1.34 46,345
2020-03-01 $417,420 (4.8%) $1,019,233 (9.5%) 1.30 46,202
2020-04-01 $399,450 (-0.1%) $971,050 (3.0%) 1.24 45,487
2020-05-01 $399,000 (-2.6%) $969,464 (2.4%) 1.21 44,864
2020-06-01 $402,500 (-1.8%) $987,712 (5.0%) 1.18 43,617
2020-07-01 $410,000 (0.0%) $1,007,234 (8.6%) 1.17 41,127
2020-08-01 $410,000 (0.7%) $1,012,514 (9.2%) 1.17 39,893
2020-09-01 $419,000 (4.2%) $1,041,235 (11.6%) 1.20 38,783
2020-10-01 $419,900 (2.4%) $1,053,210 (10.8%) 1.20 38,193
2020-11-01 $415,000 (0.8%) $1,047,388 (7.2%) 1.19 37,904
2020-12-01 $415,000 (0.9%) $1,058,106 (5.8%) 1.22 36,745
2021-01-01 $400,000 (-2.7%) $1,048,760 (3.7%) 1.18 34,030
2021-02-01 $399,000 (-3.9%) $1,063,442 (4.7%) 1.15 30,964
2021-03-01 $399,750 (-4.2%) $1,089,053 (6.9%) 1.12 27,219
2021-04-01 $417,450 (4.5%) $1,103,545 (13.6%) 1.12 24,319
2021-05-01 $430,000 (7.8%) $1,158,702 (19.5%) 1.13 21,962
2021-06-01 $449,750 (11.7%) $1,207,559 (22.3%) 1.17 20,816
2021-07-01 $458,950 (11.9%) $1,201,378 (19.3%) 1.19 21,067
2021-08-01 $462,450 (12.8%) $1,216,657 (20.2%) 1.22 20,996
2021-09-01 $472,400 (12.7%) $1,250,256 (20.1%) 1.24 20,451
2021-10-01 $480,000 (14.3%) $1,301,294 (23.6%) 1.26 19,637
2021-11-01 $487,000 (17.4%) $1,364,494 (30.3%) 1.28 18,469
2021-12-01 $495,000 (19.3%) $1,400,791 (32.4%) 1.32 17,232
2022-01-01 $499,000 (24.8%) $1,460,755 (39.3%) 1.33 15,526
2022-02-01 $525,000 (31.6%) $1,575,652 (48.2%) 1.34 13,704
2022-03-01 $547,500 (37.0%) $1,660,175 (52.4%) 1.35 13,191
2022-04-01 $585,000 (40.1%) $1,706,391 (54.6%) 1.38 12,994
2022-05-01 $627,450 (45.9%) $1,708,104 (47.4%) 1.40 14,902
2022-06-01 $630,000 (40.1%) $1,602,030 (32.7%) 1.40 17,515
Miami's median listing price for 2022-06-01 was $630,000, a difference of $180,250 (40.1%) versus the prior year and $2,550 versus the prior month.

Miami's median listing price comes in at 140% of the national average.

Miami's average listing price for 2022-06-01 was $1,602,030, a difference of $394,471 (32.7%) versus the prior year and $-106,074 versus the prior month.

For the 2022-06-01 period, Miami had 17,515 MLS listings, a difference of 2,613 listings (18%) versus the prior month and -3,301 listings (-16%) 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 90 days 1,508 sqft
2018-02-01 88 days 1,510 sqft
2018-03-01 82 days 1,511 sqft
2018-04-01 83 days 1,520 sqft
2018-05-01 86 days 1,521 sqft
2018-06-01 89 days 1,529 sqft
2018-07-01 92 days 1,529 sqft
2018-08-01 93 days 1,526 sqft
2018-09-01 93 days 1,522 sqft
2018-10-01 89 days 1,520 sqft
2018-11-01 87 days 1,524 sqft
2018-12-01 88 days 1,522 sqft
2019-01-01 93 days 1,520 sqft
2019-02-01 92 days 1,523 sqft
2019-03-01 87 days 1,531 sqft
2019-04-01 85 days 1,543 sqft
2019-05-01 90 days 1,549 sqft
2019-06-01 93 days 1,550 sqft
2019-07-01 96 days 1,548 sqft
2019-08-01 98 days 1,541 sqft
2019-09-01 99 days 1,532 sqft
2019-10-01 94 days 1,530 sqft
2019-11-01 91 days 1,530 sqft
2019-12-01 88 days 1,522 sqft
2020-01-01 92 days 1,520 sqft
2020-02-01 89 days 1,508 sqft
2020-03-01 84 days 1,504 sqft
2020-04-01 90 days 1,485 sqft
2020-05-01 103 days 1,477 sqft
2020-06-01 113 days 1,457 sqft
2020-07-01 118 days 1,426 sqft
2020-08-01 92 days 1,409 sqft
2020-09-01 92 days 1,389 sqft
2020-10-01 91 days 1,385 sqft
2020-11-01 91 days 1,380 sqft
2020-12-01 91 days 1,368 sqft
2021-01-01 94 days 1,345 sqft
2021-02-01 88 days 1,306 sqft
2021-03-01 76 days 1,296 sqft
2021-04-01 71 days 1,304 sqft
2021-05-01 65 days 1,318 sqft
2021-06-01 60 days 1,348 sqft
2021-07-01 58 days 1,369 sqft
2021-08-01 58 days 1,373 sqft
2021-09-01 59 days 1,377 sqft
2021-10-01 59 days 1,383 sqft
2021-11-01 59 days 1,383 sqft
2021-12-01 60 days 1,376 sqft
2022-01-01 65 days 1,366 sqft
2022-02-01 54 days 1,375 sqft
2022-03-01 43 days 1,395 sqft
2022-04-01 43 days 1,442 sqft
2022-05-01 37 days 1,496 sqft
2022-06-01 38 days 1,507 sqft
Miami's median listing age (time on market) for 2022-06-01 was 38 days. This is -36% shorter than the same period one year ago.

Miami's median square footage for active listings during the 2022-06-01 period was 1,507 sqft. One year prior, the average listing was 1,348 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.