Ocala VA Loan Rates, Closing Costs & Stats

OCALA, 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.

Ocala's 137 lenders originated 1,193 VA loans during 2023. The total origination value was $348,885,000, with an average VA loan value of $292,443.

Ocala VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Ocala averaged 6.47% for the week of 2024-05-24, compared to the national average (all VA variants) of 6.567% for the same period.

Ocala's average VA mortgage closing costs are $6,022.

The average rate for the prior week (2024-05-17) was 6.5% and one month ago for the week of 2024-04-19, the average rate was 6.76%.

The average rate one year ago was 6.43%.

For refis of the same type during the week of 2024-05-24, the average rate was 7.27%.

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

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 171 6.63% $6,339
DHI MORTGAGE COMPANY, LTD. 85 5.44% $6,433
UNITED WHOLESALE MORTGAGE, LLC 80 6.40% $9,538
QUICKEN LOANS, LLC 53 6.14% $11,880
NAVY FEDERAL CREDIT UNION 50 5.79% $6,645
UNION HOME MORTGAGE CORP. 34 6.66% $9,840
USAA Federal Savings Bank 31 6.26% $9,118
EAGLE HOME MORTGAGE, LLC 30 4.82% $5,198
PULTE MORTGAGE LLC 26 6.25% $5,506
NEW DAY FINANCIAL, LLC 25 7.36% $13,955
Equity Prime Mortgage LLC 24 6.64% $8,003
FREEDOM MORTGAGE CORPORATION 23 6.46% $13,681
PRIMELENDING, A PLAINSCAPITAL COMPANY 21 6.26% $4,565
AMERICAN FINANCIAL NETWORK, INC. 21 6.37% $8,126
CROSSCOUNTRY MORTGAGE, LLC 18 6.61% $8,626
LOANDEPOT.COM, LLC 16 6.27% $9,069
HOMEBRIDGE FINANCIAL SERVICES, INC. 14 5.93% $7,366
FBC MORTGAGE, LLC 14 5.98% $8,888
CMG MORTGAGE, INC. 13 6.24% $8,823
HOME SOLUTION LENDERS INC. 12 5.75% $9,941
GUARANTEED RATE, INC. 12 6.49% $4,150
First Federal Bank 11 6.55% $5,491
PENNYMAC LOAN SERVICES, LLC 11 6.27% $9,120
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.95% $5,619
NEWREZ LLC 10 6.44% $6,761
SUCCESS MORTGAGE PARTNERS, INC. 10 6.49% $8,175
VILLAGE CAPITAL MORTGAGE 10 6.19% $8,153
Flagstar Bank, FSB 10 6.62% $8,856
BROKER SOLUTIONS, INC. 9 6.37% $11,202
The Federal Savings Bank 9 6.32% $25,742
CARDINAL FINANCIAL 8 6.31% $14,837
MOVEMENT MORTGAGE, LLC 8 6.66% $5,762
Mr. Cooper ( Nationstar Mortgage ) 7 6.09% $13,844
Mid-Continent Funding, Inc. 7 6.39% $9,526
THE MORTGAGE FIRM, INC. 7 6.91% $8,749
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 7.50% $6,604
Barrington Bank & Trust Company, N.A. 6 6.71% $11,825
GUARANTEED RATE AFFINITY, LLC 6 6.20% $6,973
AMERICAN BANCSHARES MORTGAGE 6 6.46% $10,384
Regions Bank 6 6.08% $7,053
LEADERONE FINANCIAL CORPORATION 6 6.00% $7,513
Wells Fargo Bank 5 6.23% $4,191
Truist 5 5.76% $6,182
Mortgage Lenders Investment Trading Corporation 5 6.23% $12,216
STOCKTON MORTGAGE CORPORATION 5 6.95% $8,571
ROSS MORTGAGE CORPORATION 5 6.60% $12,424
AMERISAVE MORTGAGE CORPORATION 5 5.63% $16,968
EVERETT FINANCIAL, INC. 5 6.88% $8,625
Plains Commerce Bank 5 6.33% $8,687
MUTUAL OF OMAHA MORTGAGE, INC. 5 6.25% $12,887
GUILD MORTGAGE COMPANY 4 6.09% $14,158
Nations Lending Corporation 4 5.75% $12,572
HOMESTAR FINANCIAL CORPORATION 4 6.25% $13,478
NBKC BANK 4 6.19% $8,909
Century Mortgage Company DBA Century Lending Company 3 6.79% $7,497
Ixonia Bank 3 6.88% $12,934
JPMorgan Chase Bank 3 6.67% $5,570
PENTAGON FEDERAL CREDIT UNION 3 6.42% $4,521
Ameris Bank 3 6.88% $5,860
ACADEMY MORTGAGE CORPORATION 3 7.25% $8,818
Goldwater Bank, N.A. 3 6.46% $8,621
GENEVA FINANCIAL, LLC 3 6.67% $8,893
SUN WEST MORTGAGE COMPANY, INC. 3 5.92% $21,594
Shea Mortgage Inc. 3 5.88% $4,828
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 7.17% $14,933
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.54% $10,404
PLAZA HOME MORTGAGE, INC. 3 6.75% $9,166
CRESCENT MORTGAGE COMPANY 2 6.31% $4,741
Citizens Bank 2 5.75% $5,872
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.75% $6,922
GSF Mortgage Corporation 2 6.06% $7,019
CALIBER HOME LOANS, INC. 2 5.63% $13,658
HOMESPIRE MORTGAGE CORPORATION 2 6.88% $8,012
Bell Bank 2 6.00% $4,618
MORTGAGE EQUITY PARTNERS LLC 2 6.25% $7,757
MORTGAGEONE, INC. 2 7.38% $3,073
MY MORTGAGE, INC. 2 6.69% $11,302
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.63% $8,441
Paramount Residential Mortgage Group, Inc. 2 6.69% $10,881
Premium Mortgage Corporation 2 6.25% $11,916
Prosperity Home Mortgage, LLC 2 6.00% $5,463
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.50% $7,624
RESOURCE FINANCIAL SERVICES, INC. 2 6.06% $7,257
South State Bank 2 5.38% $11,748
Wyndham Capital Mortgage, Inc. 2 6.06% $4,925
TJC Mortgage, Inc. 2 6.38% $18,438
TOWNE MORTGAGE COMPANY 2 6.75% $16,884
V.I.P. MORTGAGE, INC. 2 5.44% $15,572
Waterstone Mortgage Corporation 2 6.94% $9,016
Wolfe Financial, Inc 2 7.63% $26,405
PLANET HOME LENDING, LLC 1 5.88% $10,520
BNC National Bank 1 5.25% $4,481
PNC Bank 1 6.75% $1,227
PREMIA MORTGAGE, LLC 1 5.50% $15,491
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.63% $4,335
ACOPIA, LLC 1 5.63% $8,885
Presidential Bank, FSB 1 5.88% $8,189
HomePromise Corporation 1 7.75% $12,028
U.S. Bank 1 7.13% $4,087
VANDERBILT MORTGAGE AND FINANCE, INC. 1 4.88% $2,006
ABSOLUTE HOME MORTGAGE CORPORATION 1 6.13% $10,025
GoPrime Mortgage, Inc. 1 5.75% $9,008
RELIANCE FIRST CAPITAL, LLC 1 7.25% $4,523
VAN DYK MORTGAGE CORPORATION 1 5.25% $17,209
CANOPY MORTGAGE, LLC 1 7.25% $7,648
Service Federal Credit Union 1 5.63% $4,436
First Western Trust Bank 1 5.25% $6,085
SHELTER HOME MORTGAGE, LLC 1 6.75% $4,555
SHELTER MORTGAGE COMPANY, L.L.C. 1 5.50% $13,788
Sierra Pacific Mortgage Company, Inc. 1 6.13% $2,335
CityWorth Mortgage LLC 1 6.75% $9,678
SOUTHWEST STAGE FUNDING, LLC 1 6.88% $0
First Merchants Bank 1 6.25% $5,321
Strong Home Mortgage, LLC 1 5.75% $9,086
American Mortgage & Equity Consultants, Inc. 1 6.63% $11,591
First Horizon Bank 1 6.13% $4,535
Cornerstone First Mortgage, Inc 1 6.00% $16,242
The Huntington National Bank 1 6.00% $7,612
FIRST COMMUNITY MORTGAGE, INC. 1 6.00% $8,631
DAS Acquisition Company, LLC 1 5.88% $9,162
Total Media Management, LLC 1 5.99% $13,757
TOWN AND COUNTRY Credit Union 1 5.99% $5,045
WATSON MORTGAGE CORP. 1 5.63% $4,879
METROPLEX MORTGAGE SERVICES, INC. 1 6.25% $4,109
M&T Bank 1 6.25% $14,277
LOANPAL, LLC 1 6.50% $8,852
CHURCHILL MORTGAGE CORPORATION 1 6.50% $4,288
NATIONS DIRECT MORTGAGE, LLC 1 6.25% $14,167
LAND HOME FINANCIAL SERVICES, INC. 1 6.50% $12,490
Bank of England 1 5.75% $19,174
LAKEVIEW LOAN SERVICING, LLC 1 6.25% $7,273
Armed Forces Bank 1 6.13% $55,502
AMERICAN FINANCING CORPORATION 1 5.38% $34,489
EMBRACE HOME LOANS, INC. 1 6.50% $7,054
Keystone Funding, Inc. 1 6.50% $4,675
J. VIRGIL, INC. 1 7.63% $10,261
INSPIRE HOME LOANS INC. 1 7.25% $4,310

The top Ocala VA lender as defined by loan originations is Mortgage Research Center, LLC, with 171 VA loans originated. Their average total fees are $6,339, which is $94 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Ocala VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($4,150), PRIMELENDING, A PLAINSCAPITAL COMPANY ($4,565), EAGLE HOME MORTGAGE, LLC ($5,198), First Federal Bank ($5,491) and PULTE MORTGAGE LLC ($5,506).

The lowest rate Ocala VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.82%), DHI MORTGAGE COMPANY, LTD. (5.44%), HOME SOLUTION LENDERS INC. (5.75%), NAVY FEDERAL CREDIT UNION (5.79%) and HOMEBRIDGE FINANCIAL SERVICES, INC. (5.93%).


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 (1.7%) $269,136 (4.2%) 0.70 2,146
2018-02-01 $190,808 (2.5%) $271,776 (5.8%) 0.69 2,155
2018-03-01 $195,000 (2.7%) $272,008 (5.9%) 0.68 2,170
2018-04-01 $199,950 (4.1%) $278,492 (7.7%) 0.68 2,110
2018-05-01 $205,950 (5.6%) $283,177 (5.9%) 0.69 2,053
2018-06-01 $205,000 (4.7%) $283,109 (3.9%) 0.68 2,063
2018-07-01 $205,000 (7.9%) $284,474 (8.3%) 0.68 2,106
2018-08-01 $199,900 (5.3%) $278,609 (7.1%) 0.67 2,127
2018-09-01 $199,900 (5.3%) $276,310 (4.9%) 0.67 2,147
2018-10-01 $199,700 (7.5%) $276,637 (8.5%) 0.68 2,202
2018-11-01 $199,900 (5.8%) $273,996 (2.3%) 0.68 2,274
2018-12-01 $199,990 (5.3%) $273,861 (0.6%) 0.69 2,299
2019-01-01 $199,900 (5.3%) $271,900 (1.0%) 0.69 2,272
2019-02-01 $199,338 (4.5%) $269,532 (-0.8%) 0.67 2,386
2019-03-01 $198,814 (2.0%) $273,603 (0.6%) 0.65 2,378
2019-04-01 $199,900 (0.0%) $278,911 (0.2%) 0.63 2,356
2019-05-01 $204,950 (-0.5%) $280,130 (-1.1%) 0.64 2,239
2019-06-01 $205,000 (0.0%) $287,694 (1.6%) 0.64 2,198
2019-07-01 $206,178 (0.6%) $291,001 (2.3%) 0.65 2,138
2019-08-01 $209,270 (4.7%) $290,850 (4.4%) 0.66 2,108
2019-09-01 $209,674 (4.9%) $288,932 (4.6%) 0.67 2,099
2019-10-01 $209,251 (4.8%) $285,747 (3.3%) 0.68 2,105
2019-11-01 $209,000 (4.6%) $283,365 (3.4%) 0.69 2,105
2019-12-01 $208,241 (4.1%) $279,704 (2.1%) 0.69 2,106
2020-01-01 $204,600 (2.4%) $279,318 (2.7%) 0.68 2,043
2020-02-01 $207,490 (4.1%) $280,293 (4.0%) 0.68 2,042
2020-03-01 $208,353 (4.8%) $281,718 (3.0%) 0.65 1,892
2020-04-01 $204,948 (2.5%) $280,570 (0.6%) 0.64 1,886
2020-05-01 $209,900 (2.4%) $283,699 (1.3%) 0.64 1,778
2020-06-01 $214,973 (4.9%) $298,684 (3.8%) 0.63 1,559
2020-07-01 $215,675 (4.6%) $308,879 (6.1%) 0.63 1,419
2020-08-01 $224,900 (7.5%) $320,065 (10.0%) 0.64 1,254
2020-09-01 $226,960 (8.2%) $322,070 (11.5%) 0.65 1,221
2020-10-01 $230,000 (9.9%) $338,020 (18.3%) 0.66 1,201
2020-11-01 $229,938 (10.0%) $332,515 (17.3%) 0.67 1,231
2020-12-01 $230,000 (10.5%) $331,145 (18.4%) 0.68 1,211
2021-01-01 $237,000 (15.8%) $338,054 (21.0%) 0.71 1,050
2021-02-01 $239,950 (15.6%) $345,463 (23.3%) 0.70 906
2021-03-01 $243,923 (17.1%) $365,179 (29.6%) 0.69 696
2021-04-01 $258,900 (26.3%) $393,165 (40.1%) 0.70 622
2021-05-01 $265,450 (26.5%) $415,465 (46.5%) 0.71 602
2021-06-01 $267,450 (24.4%) $446,420 (49.5%) 0.70 554
2021-07-01 $274,900 (27.5%) $443,385 (43.6%) 0.73 712
2021-08-01 $272,500 (21.2%) $414,859 (29.6%) 0.73 789
2021-09-01 $274,325 (20.9%) $391,001 (21.4%) 0.73 783
2021-10-01 $275,000 (19.6%) $386,738 (14.4%) 0.73 795
2021-11-01 $283,500 (23.3%) $407,844 (22.7%) 0.76 786
2021-12-01 $289,669 (25.9%) $407,581 (23.1%) 0.78 750
2022-01-01 $299,900 (26.5%) $428,209 (26.7%) 0.81 684
2022-02-01 $299,000 (24.6%) $431,853 (25.0%) 0.78 617
2022-03-01 $299,950 (23.0%) $448,773 (22.9%) 0.75 646
2022-04-01 $314,900 (21.6%) $450,229 (14.5%) 0.75 676
2022-05-01 $326,450 (23.0%) $452,461 (8.9%) 0.75 806
2022-06-01 $331,800 (24.1%) $459,691 (3.0%) 0.74 1,019
2022-07-01 $325,000 (18.2%) $446,875 (0.8%) 0.73 1,329
2022-08-01 $316,850 (16.3%) $424,123 (2.2%) 0.73 1,541
2022-09-01 $314,385 (14.6%) $414,759 (6.1%) 0.74 1,716
2022-10-01 $318,800 (15.9%) $410,161 (6.1%) 0.75 1,870
2022-11-01 $314,875 (11.1%) $407,250 (-0.2%) 0.76 2,026
2022-12-01 $313,363 (8.2%) $413,101 (1.4%) 0.77 2,008
2023-01-01 $311,998 (4.0%) $409,017 (-4.5%) 0.77 2,046
2023-02-01 $307,000 (2.7%) $406,168 (-6.0%) 0.74 2,086
2023-03-01 $307,000 (2.4%) $410,378 (-8.6%) 0.72 2,030
2023-04-01 $305,000 (-3.1%) $402,517 (-10.6%) 0.71 2,065
2023-05-01 $318,450 (-2.5%) $419,930 (-7.2%) 0.72 1,895
2023-06-01 $314,950 (-5.1%) $422,557 (-8.1%) 0.71 1,874
2023-07-01 $314,250 (-3.3%) $419,119 (-6.2%) 0.71 1,872
2023-08-01 $315,000 (-0.6%) $417,201 (-1.6%) 0.72 1,863
2023-09-01 $314,900 (0.2%) $409,270 (-1.3%) 0.73 2,030
2023-10-01 $311,375 (-2.3%) $402,173 (-2.0%) 0.73 2,228
2023-11-01 $309,450 (-1.7%) $398,635 (-2.1%) 0.74 2,443
2023-12-01 $309,000 (-1.4%) $397,324 (-3.8%) 0.75 2,486
2024-01-01 $309,050 (-0.9%) $448,024 (9.5%) 0.75 2,615
2024-02-01 $307,000 (0.0%) $401,903 (-1.1%) 0.74 2,772
2024-03-01 $305,000 (-0.7%) $396,723 (-3.3%) 0.72 2,801
2024-04-01 $304,950 (0.0%) $394,866 (-1.9%) 0.71 2,787
Ocala's median listing price for 2024-04-01 was $304,950, a difference of $-50 (0.0%) versus the prior year and $-50 versus the prior month.

Ocala's median listing price comes in at 71% of the national average.

Ocala's average listing price for 2024-04-01 was $394,866, a difference of $-7,651 (-1.9%) versus the prior year and $-1,857 versus the prior month.

For the 2024-04-01 period, Ocala had 2,787 MLS listings, a difference of -14 listings (0%) versus the prior month and 722 listings (35%) 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 74 days 1,772 sqft
2018-02-01 73 days 1,780 sqft
2018-03-01 60 days 1,799 sqft
2018-04-01 63 days 1,809 sqft
2018-05-01 61 days 1,817 sqft
2018-06-01 60 days 1,828 sqft
2018-07-01 61 days 1,824 sqft
2018-08-01 61 days 1,797 sqft
2018-09-01 66 days 1,804 sqft
2018-10-01 63 days 1,800 sqft
2018-11-01 61 days 1,803 sqft
2018-12-01 68 days 1,820 sqft
2019-01-01 73 days 1,790 sqft
2019-02-01 65 days 1,772 sqft
2019-03-01 62 days 1,762 sqft
2019-04-01 61 days 1,763 sqft
2019-05-01 63 days 1,763 sqft
2019-06-01 64 days 1,761 sqft
2019-07-01 66 days 1,760 sqft
2019-08-01 66 days 1,772 sqft
2019-09-01 65 days 1,784 sqft
2019-10-01 65 days 1,786 sqft
2019-11-01 59 days 1,768 sqft
2019-12-01 63 days 1,752 sqft
2020-01-01 71 days 1,751 sqft
2020-02-01 65 days 1,747 sqft
2020-03-01 59 days 1,752 sqft
2020-04-01 63 days 1,747 sqft
2020-05-01 74 days 1,728 sqft
2020-06-01 80 days 1,736 sqft
2020-07-01 67 days 1,743 sqft
2020-08-01 61 days 1,765 sqft
2020-09-01 54 days 1,763 sqft
2020-10-01 53 days 1,782 sqft
2020-11-01 51 days 1,747 sqft
2020-12-01 57 days 1,754 sqft
2021-01-01 59 days 1,760 sqft
2021-02-01 50 days 1,769 sqft
2021-03-01 44 days 1,749 sqft
2021-04-01 39 days 1,818 sqft
2021-05-01 38 days 1,817 sqft
2021-06-01 39 days 1,762 sqft
2021-07-01 37 days 1,779 sqft
2021-08-01 35 days 1,754 sqft
2021-09-01 40 days 1,752 sqft
2021-10-01 40 days 1,728 sqft
2021-11-01 44 days 1,754 sqft
2021-12-01 57 days 1,748 sqft
2022-01-01 47 days 1,764 sqft
2022-02-01 39 days 1,706 sqft
2022-03-01 35 days 1,693 sqft
2022-04-01 34 days 1,725 sqft
2022-05-01 30 days 1,740 sqft
2022-06-01 30 days 1,733 sqft
2022-07-01 33 days 1,712 sqft
2022-08-01 42 days 1,673 sqft
2022-09-01 45 days 1,679 sqft
2022-10-01 51 days 1,701 sqft
2022-11-01 59 days 1,700 sqft
2022-12-01 65 days 1,705 sqft
2023-01-01 73 days 1,708 sqft
2023-02-01 67 days 1,695 sqft
2023-03-01 57 days 1,699 sqft
2023-04-01 57 days 1,667 sqft
2023-05-01 55 days 1,693 sqft
2023-06-01 55 days 1,678 sqft
2023-07-01 57 days 1,664 sqft
2023-08-01 58 days 1,671 sqft
2023-09-01 54 days 1,662 sqft
2023-10-01 51 days 1,656 sqft
2023-11-01 53 days 1,655 sqft
2023-12-01 63 days 1,646 sqft
2024-01-01 70 days 1,643 sqft
2024-02-01 65 days 1,642 sqft
2024-03-01 57 days 1,641 sqft
2024-04-01 61 days 1,639 sqft
Ocala's median listing age (time on market) for 2024-04-01 was 61 days. This is 6% longer than the same period one year ago.

Ocala's median square footage for active listings during the 2024-04-01 period was 1,639 sqft. One year prior, the average listing was 1,667 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.