Ocala VA Loans

OCALA, 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.

    Ocala's 184 lenders originated 2,289 VA loans during 2021. The total origination value was $515,515,000, with an average VA loan value of $225,214.

    Ocala VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ocala averaged 5.4% 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 5.71% and one month ago for the week of 2022-04-15, the average rate was 5.17%.

    The average rate one year ago was 3.46%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.09%.

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

    Ocala 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 Ocala level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 267 2.48% $5,326
    Mortgage Research Center, LLC 228 2.91% $6,772
    FREEDOM MORTGAGE CORPORATION 151 2.50% $3,585
    NEW DAY FINANCIAL, LLC 109 2.79% $7,266
    PENNYMAC LOAN SERVICES, LLC 96 2.54% $4,074
    UNITED WHOLESALE MORTGAGE, LLC 70 2.60% $5,641
    NAVY FEDERAL CREDIT UNION 53 2.49% $5,398
    VILLAGE CAPITAL & INVESTMENT LLC 52 2.44% $2,904
    DHI MORTGAGE COMPANY, LTD. 49 2.72% $5,870
    USAA Federal Savings Bank 48 2.90% $3,716
    CALIBER HOME LOANS, INC. 47 2.81% $5,218
    LOANDEPOT.COM, LLC 47 2.76% $5,092
    AMERICAN FINANCIAL NETWORK, INC. 39 2.96% $10,319
    First Federal Bank 36 3.46% $7,553
    CLEARPATH LENDING 35 2.28% $3,501
    HOME POINT FINANCIAL CORPORATION 26 2.72% $5,542
    Barrington Bank & Trust Company, N.A. 25 2.77% $7,399
    Mr. Cooper ( Nationstar Mortgage ) 23 2.98% $3,798
    LAKEVIEW LOAN SERVICING, LLC 23 2.57% $2,544
    SUCCESS MORTGAGE PARTNERS, INC. 22 3.15% $7,289
    NATIONS RELIABLE LENDING, LLC 22 3.02% $6,823
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 21 2.88% $7,383
    AMERICAN PACIFIC MORTGAGE CORPORATION 20 2.84% $7,986
    PULTE MORTGAGE LLC 19 2.84% $4,927
    Ameris Bank 19 2.72% $5,837
    PRIMELENDING, A PLAINSCAPITAL COMPANY 18 3.07% $4,296
    GUARANTEED RATE, INC. 17 3.00% $6,509
    HOMEBRIDGE FINANCIAL SERVICES, INC. 17 2.78% $6,702
    Wells Fargo Bank 17 2.68% $3,482
    AMERISAVE MORTGAGE CORPORATION 17 2.65% $7,022
    THE MORTGAGE FIRM, INC. 15 3.06% $9,349
    Low VA Rates, LLC 14 2.50% $2,487
    PENTAGON FEDERAL CREDIT UNION 12 2.32% $1,547
    NEWREZ LLC 12 2.51% $2,863
    The Federal Savings Bank 12 2.51% $7,053
    FBC MORTGAGE, LLC 11 2.77% $5,659
    HOME SOLUTION LENDERS INC. 10 2.64% $4,167
    PLANET HOME LENDING, LLC 10 2.46% $2,925
    Mortgage Lenders Investment Trading Corporation 10 3.08% $7,684
    BROKER SOLUTIONS, INC. 10 2.77% $5,954
    Truist Bank 10 2.70% $6,036
    UNION HOME MORTGAGE CORP. 9 2.93% $8,167
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 3.15% $6,475
    MUTUAL OF OMAHA MORTGAGE, INC. 9 2.56% $5,138
    MOVEMENT MORTGAGE, LLC 8 3.16% $5,223
    ACADEMY MORTGAGE CORPORATION 8 2.95% $9,897
    Lakeview Community Capital, LLC 8 2.50% $1,723
    SUN WEST MORTGAGE COMPANY, INC. 7 2.57% $7,378
    CROSSCOUNTRY MORTGAGE, LLC 7 2.96% $6,602
    Flagstar Bank, FSB 7 2.55% $4,073
    Mid-Continent Funding, Inc. 6 2.94% $7,305
    Goldwater Bank, N.A. 6 2.88% $8,432
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 3.23% $6,645
    Bank of England 5 3.05% $8,113
    HOMESTAR FINANCIAL CORPORATION 5 3.20% $3,228
    Equity Prime Mortgage LLC 5 3.83% $11,295
    Carrington Mortgage Services, LLC 5 2.78% $4,673
    AmeriHome Mortgage Company, LLC 5 2.73% $1,781
    InterContinental Capital Group, Inc 5 2.63% $4,604
    Ixonia Bank 5 3.08% $5,545
    CMG MORTGAGE, INC. 5 2.90% $7,798
    NBKC BANK 5 2.70% $4,052
    Nations Lending Corporation 5 2.93% $6,867
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 2.94% $6,738
    Hometown Lenders, Inc. 4 3.69% $9,491
    CRESCENT MORTGAGE COMPANY 4 2.75% $2,930
    Christensen Financial, Inc. 4 2.88% $6,676
    Magnolia Bank 4 2.72% $8,976
    Shea Mortgage Inc. 4 2.44% $6,581
    AMERIFIRST FINANCIAL CORPORATION 4 3.00% $5,507
    AMERICAN FINANCING CORPORATION 4 2.44% $2,464
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 3.25% $7,562
    KELLER MORTGAGE, LLC 4 2.56% $8,531
    First Guaranty Mortgage Corporation 4 2.38% $2,810
    Prime Choice Funding Inc. 4 2.44% $2,641
    Capital City Home Loans, LLC 3 3.58% $5,243
    METROPLEX MORTGAGE SERVICES, INC. 3 2.96% $7,386
    Regions Bank 3 3.08% $4,557
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 2.58% $3,412
    SOVEREIGN LENDING GROUP INCORPORATED 3 2.83% $8,350
    Waterstone Mortgage Corporation 3 3.21% $6,328
    DAS Acquisition Company, LLC 3 2.63% $3,951
    Plains Commerce Bank 3 2.96% $6,439
    North American Savings Bank, F.S.B. 3 2.38% $3,256
    Towne Bank 3 2.54% $4,542
    LENDING 3, INC. 2 3.25% $7,367
    LOANPAL, LLC 2 2.25% $8,033
    NETWORK CAPITAL FUNDING CORPORATION 2 2.50% $3,155
    SHELTER MORTGAGE COMPANY, L.L.C. 2 3.25% $4,732
    ROSS MORTGAGE CORPORATION 2 3.88% $9,100
    ACCELERATE MORTGAGE, LLC 2 2.25% $3,665
    FIDELITY FUNDING MORTGAGE CORP. 2 3.00% $8,624
    GENEVA FINANCIAL, LLC 2 3.75% $1,530
    BNC National Bank 2 2.25% $23,264
    RELIANCE FIRST CAPITAL, LLC 2 2.94% $9,888
    WATSON MORTGAGE CORP. 2 2.75% $4,824
    Wyndham Capital Mortgage, Inc. 2 2.63% $1,434
    FIRST EQUITY MORTGAGE BANKERS, INC. 2 3.19% $3,926
    GUARANTEED RATE AFFINITY, LLC 2 2.63% $9,282
    Bank of America 2 3.06% $16,991
    HAMILTON HOME LOANS, INC. 2 3.19% $9,208
    Capital Bank 2 2.50% $1,762
    PHH Mortgage Corporation 2 2.94% $3,327
    HOMESIDE FINANCIAL, LLC 2 3.12% $5,058
    EQUITY RESOURCES, INC. 2 2.56% $4,632
    Hometown Equity Mortgage, LLC 2 2.63% $8,588
    First Mortgage Solutions, LLC 2 2.44% $2,567
    MORTGAGE EQUITY PARTNERS LLC 2 3.50% $5,533
    PANORAMA MORTGAGE GROUP, LLC 2 4.56% $4,333
    MORTGAGE FINANCIAL GROUP, INC. 2 3.25% $14,338
    AMERICAN FINANCIAL RESOURCES, INC. 2 3.94% $4,440
    South State Bank 2 2.38% $3,363
    NP, Inc. 2 2.69% $7,589
    LEADERONE FINANCIAL CORPORATION 2 3.25% $2,219
    Commerce Home Mortgage, Inc. 2 3.19% $1,305
    Community First National Bank 2 2.50% $3,087
    JPMorgan Chase Bank 1 3.25% $1,825
    Advisors Mortgage Group, L.L.C. 1 3.13% $17,287
    Alcova Mortgage LLC 1 2.50% $3,712
    ANGEL OAK HOME LOANS LLC 1 2.88% $6,097
    APEX HOME LOANS, INC. 1 3.25% $2,197
    Arbor Bank 1 2.75% $2,998
    Atlantic Union Bank 1 2.25% $3,394
    BANKSOUTH MORTGAGE COMPANY, LLC 1 2.63% $10,236
    BAYSHORE MORTGAGE FUNDING, LLC 1 2.75% $14,889
    BECKAM FUNDING CORP. 1 3.75% $2,878
    Cadence Bank, N.A. 1 2.75% $2,125
    CHAMPIONS MORTGAGE LLC 1 2.88% $5,094
    CityWorth Mortgage LLC 1 1.75% $6,682
    CORNERSTONE HOME LENDING, INC. 1 2.75% $10,334
    Credence Funding Corporation 1 2.25% $1,259
    DELMAR FINANCIAL COMPANY 1 2.75% $2,614
    EMBRACE HOME LOANS, INC. 1 2.50% $5,331
    EVERETT FINANCIAL, INC. 1 3.13% $2,766
    FAIR WAY LENDING LLC 1 2.75% $3,984
    FINANCE OF AMERICA MORTGAGE LLC 1 3.00% $4,010
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.13% $6,476
    First Home Bank 1 2.38% $8,220
    First Option Mortgage, LLC 1 3.25% $3,930
    First Savings Bank 1 2.63% $11,619
    GERSHMAN INVESTMENT CORP. 1 3.50% $16,491
    GSF Mortgage Corporation 1 2.75% $3,629
    GUILD MORTGAGE COMPANY 1 2.50% $3,680
    GVC MORTGAGE, INC. 1 3.63% $0
    HARBORONE MORTGAGE, LLC 1 2.75% $5,813
    HOMESPIRE MORTGAGE CORPORATION 1 2.63% $5,118
    Huntingdon Valley Bank 1 3.13% $29,471
    HUNT MORTGAGE CORPORATION 1 2.75% $3,489
    INLANTA MORTGAGE, INC. 1 3.25% $3,335
    INSIGHT 1 2.88% $5,730
    INTELLILOAN, INC. 1 2.50% $5,738
    JMJ FINANCIAL GROUP 1 3.13% $5,008
    KS StateBank 1 2.25% $14,917
    Leaders Credit Union 1 3.63% $3,578
    LEGEND LENDING CORPORATION 1 3.50% $6,806
    Luxury Mortgage Corp. 1 2.75% $4,321
    Manufacturers and Traders Trust Company 1 2.63% $3,731
    MICHIGAN MUTUAL, INC. 1 3.50% $2,169
    NATIONS DIRECT MORTGAGE, LLC 1 2.25% $2,638
    Northpointe Bank 1 4.00% $3,759
    NORTHPOINT MORTGAGE, INC. 1 3.00% $2,553
    OCEANSIDE MORTGAGE COMPANY 1 2.49% $858
    OPEN MORTGAGE, LLC 1 3.38% $4,600
    Paramount Bank 1 2.25% $2,529
    Paramount Residential Mortgage Group, Inc. 1 2.50% $3,793
    PLAZA HOME MORTGAGE, INC. 1 2.25% $4,390
    PNC Bank 1 3.00% $1,744
    PREFERRED LENDING SERVICES, LLC 1 3.25% $0
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.38% $2,128
    Renasant Bank 1 3.13% $1,017
    RESIDENTIAL BANCORP. 1 3.25% $6,732
    ROYAL UNITED MORTGAGE LLC 1 2.63% $10,466
    Sierra Pacific Mortgage Company, Inc. 1 2.50% $7,417
    SOUTHERN TRUST MORTGAGE, LLC 1 3.88% $3,760
    SOUTHWEST STAGE FUNDING, LLC 1 3.25% $0
    Summit Mortgage Corporation 1 2.88% $3,777
    TD Bank 1 3.00% $6,506
    TIAA, FSB 1 2.50% $3,488
    TOWNE MORTGAGE COMPANY 1 4.13% $5,611
    United Fidelity Funding Corp. 1 3.13% $11,406
    U.S. Bank 1 2.50% $17,634
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.88% $9,339
    VAN DYK MORTGAGE CORPORATION 1 3.63% $17,880
    VYSTAR 1 2.25% $11,897

    The top Ocala VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 267 VA loans originated. Their average total fees are $5,326, which is $1,446 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Ocala VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION ($1,547), Low VA Rates, LLC ($2,487), LAKEVIEW LOAN SERVICING, LLC ($2,544), NEWREZ LLC ($2,863) and VILLAGE CAPITAL & INVESTMENT LLC ($2,904).

    The lowest rate Ocala VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.28%), PENTAGON FEDERAL CREDIT UNION (2.32%), VILLAGE CAPITAL & INVESTMENT LLC (2.44%), PLANET HOME LENDING, LLC (2.46%) and QUICKEN LOANS, LLC (2.48%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ocala (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 $189,900 (0.0%) $266,167 (2.5%) 0.70 2,383
    2018-02-01 $193,995 (2.4%) $269,680 (5.3%) 0.70 2,427
    2018-03-01 $198,900 (4.7%) $269,784 (5.3%) 0.69 2,445
    2018-04-01 $206,632 (6.6%) $278,188 (6.9%) 0.69 2,360
    2018-05-01 $209,945 (7.7%) $281,159 (3.7%) 0.70 2,279
    2018-06-01 $209,900 (7.4%) $280,792 (2.3%) 0.70 2,278
    2018-07-01 $209,945 (8.3%) $282,419 (7.6%) 0.70 2,327
    2018-08-01 $204,995 (5.6%) $277,110 (6.6%) 0.69 2,354
    2018-09-01 $202,490 (2.8%) $273,218 (4.1%) 0.68 2,347
    2018-10-01 $199,945 (5.6%) $273,654 (7.8%) 0.67 2,411
    2018-11-01 $200,318 (5.5%) $271,684 (2.5%) 0.67 2,489
    2018-12-01 $204,500 (7.6%) $269,696 (0.3%) 0.70 2,522
    2019-01-01 $199,950 (5.3%) $266,759 (0.2%) 0.69 2,504
    2019-02-01 $199,900 (3.0%) $265,416 (-1.6%) 0.67 2,634
    2019-03-01 $199,386 (0.2%) $269,628 (-0.1%) 0.65 2,623
    2019-04-01 $200,195 (-3.1%) $274,877 (-1.2%) 0.63 2,596
    2019-05-01 $209,900 (0.0%) $278,287 (-1.0%) 0.65 2,499
    2019-06-01 $209,900 (0.0%) $286,224 (1.9%) 0.65 2,456
    2019-07-01 $209,350 (-0.3%) $287,346 (1.7%) 0.65 2,377
    2019-08-01 $212,043 (3.4%) $289,165 (4.4%) 0.67 2,293
    2019-09-01 $214,543 (6.0%) $290,100 (6.2%) 0.68 2,246
    2019-10-01 $209,450 (4.8%) $278,296 (1.7%) 0.67 2,335
    2019-11-01 $209,000 (4.3%) $275,370 (1.4%) 0.67 2,322
    2019-12-01 $209,000 (2.2%) $271,972 (0.8%) 0.70 2,328
    2020-01-01 $205,000 (2.5%) $271,842 (1.9%) 0.68 2,247
    2020-02-01 $200,990 (0.6%) $270,487 (1.9%) 0.65 2,259
    2020-03-01 $202,250 (1.4%) $274,022 (1.6%) 0.63 1,948
    2020-04-01 $200,441 (0.1%) $273,834 (-0.4%) 0.62 1,920
    2020-05-01 $205,000 (-2.3%) $276,493 (-0.6%) 0.62 1,821
    2020-06-01 $213,300 (1.6%) $290,998 (1.7%) 0.62 1,565
    2020-07-01 $215,000 (2.7%) $300,981 (4.8%) 0.62 1,415
    2020-08-01 $223,900 (5.6%) $313,099 (8.3%) 0.64 1,240
    2020-09-01 $224,950 (4.9%) $313,699 (8.1%) 0.64 1,200
    2020-10-01 $229,900 (9.8%) $329,946 (18.6%) 0.66 1,166
    2020-11-01 $227,700 (9.0%) $325,875 (18.3%) 0.65 1,203
    2020-12-01 $229,950 (10.0%) $324,550 (19.3%) 0.67 1,203
    2021-01-01 $235,900 (15.1%) $336,959 (24.0%) 0.69 1,049
    2021-02-01 $239,900 (19.4%) $344,626 (27.4%) 0.69 861
    2021-03-01 $240,000 (18.7%) $365,183 (33.3%) 0.67 674
    2021-04-01 $258,500 (29.0%) $399,396 (45.9%) 0.69 614
    2021-05-01 $265,000 (29.3%) $422,526 (52.8%) 0.70 583
    2021-06-01 $264,950 (24.2%) $445,069 (53.0%) 0.69 548
    2021-07-01 $267,500 (24.4%) $431,940 (43.5%) 0.69 691
    2021-08-01 $271,125 (21.1%) $408,254 (30.4%) 0.71 793
    2021-09-01 $269,950 (20.0%) $385,693 (23.0%) 0.71 792
    2021-10-01 $275,000 (19.6%) $386,987 (17.3%) 0.72 796
    2021-11-01 $282,445 (24.0%) $402,696 (23.6%) 0.74 801
    2021-12-01 $289,250 (25.8%) $408,852 (26.0%) 0.77 772
    2022-01-01 $299,900 (27.1%) $434,893 (29.1%) 0.80 691
    2022-02-01 $298,250 (24.3%) $438,047 (27.1%) 0.76 614
    2022-03-01 $299,700 (24.9%) $456,263 (24.9%) 0.74 635
    2022-04-01 $314,900 (21.8%) $453,551 (13.6%) 0.74 661
    Ocala's median listing price for 2022-04-01 was $314,900, a difference of $56,400 (21.8%) versus the prior year and $15,200 versus the prior month.

    Ocala's median listing price comes in at 74% of the national average.

    Ocala's average listing price for 2022-04-01 was $453,551, a difference of $54,155 (13.6%) versus the prior year and $-2,712 versus the prior month.

    For the 2022-04-01 period, Ocala had 661 MLS listings, a difference of 26 listings (4%) versus the prior month and 47 listings (8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ocala (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 77 days 1,789 sqft
    2018-02-01 77 days 1,799 sqft
    2018-03-01 61 days 1,816 sqft
    2018-04-01 66 days 1,835 sqft
    2018-05-01 65 days 1,841 sqft
    2018-06-01 65 days 1,862 sqft
    2018-07-01 65 days 1,857 sqft
    2018-08-01 65 days 1,830 sqft
    2018-09-01 68 days 1,830 sqft
    2018-10-01 67 days 1,820 sqft
    2018-11-01 63 days 1,820 sqft
    2018-12-01 69 days 1,832 sqft
    2019-01-01 73 days 1,800 sqft
    2019-02-01 67 days 1,790 sqft
    2019-03-01 60 days 1,782 sqft
    2019-04-01 65 days 1,798 sqft
    2019-05-01 65 days 1,804 sqft
    2019-06-01 65 days 1,802 sqft
    2019-07-01 68 days 1,795 sqft
    2019-08-01 70 days 1,808 sqft
    2019-09-01 66 days 1,814 sqft
    2019-10-01 65 days 1,799 sqft
    2019-11-01 59 days 1,773 sqft
    2019-12-01 65 days 1,755 sqft
    2020-01-01 72 days 1,754 sqft
    2020-02-01 15 days 1,747 sqft
    2020-03-01 33 days 1,751 sqft
    2020-04-01 60 days 1,749 sqft
    2020-05-01 79 days 1,731 sqft
    2020-06-01 85 days 1,746 sqft
    2020-07-01 72 days 1,748 sqft
    2020-08-01 65 days 1,767 sqft
    2020-09-01 57 days 1,763 sqft
    2020-10-01 55 days 1,770 sqft
    2020-11-01 52 days 1,747 sqft
    2020-12-01 57 days 1,747 sqft
    2021-01-01 60 days 1,757 sqft
    2021-02-01 56 days 1,776 sqft
    2021-03-01 49 days 1,767 sqft
    2021-04-01 42 days 1,836 sqft
    2021-05-01 41 days 1,829 sqft
    2021-06-01 40 days 1,773 sqft
    2021-07-01 39 days 1,780 sqft
    2021-08-01 36 days 1,754 sqft
    2021-09-01 42 days 1,750 sqft
    2021-10-01 42 days 1,728 sqft
    2021-11-01 44 days 1,750 sqft
    2021-12-01 49 days 1,755 sqft
    2022-01-01 51 days 1,806 sqft
    2022-02-01 43 days 1,717 sqft
    2022-03-01 38 days 1,715 sqft
    2022-04-01 37 days 1,747 sqft
    Ocala's median listing age (time on market) for 2022-04-01 was 37 days. This is -12% shorter than the same period one year ago.

    Ocala's median square footage for active listings during the 2022-04-01 period was 1,747 sqft. One year prior, the average listing was 1,836 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.