Ocala VA Loans
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 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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.