Ocala VA Loan Rates, Closing Costs & Stats

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 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 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 6.74% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

    Ocala's average VA mortgage closing costs are $5,020.

    The average rate for the prior week (2022-11-25) was 6.88% and one month ago for the week of 2022-10-28, the average rate was 7.07%.

    The average rate one year ago was 3.45%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.54%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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 MORTGAGE 52 2.44% $2,904
    DHI MORTGAGE COMPANY, LTD. 49 2.72% $5,870
    USAA Federal Savings Bank 48 2.90% $3,716
    LOANDEPOT.COM, LLC 47 2.76% $5,092
    CALIBER HOME LOANS, INC. 47 2.81% $5,218
    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
    NATIONS RELIABLE LENDING, LLC 22 3.02% $6,823
    SUCCESS MORTGAGE PARTNERS, INC. 22 3.15% $7,289
    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
    AMERISAVE MORTGAGE CORPORATION 17 2.65% $7,022
    Wells Fargo Bank 17 2.68% $3,482
    HOMEBRIDGE FINANCIAL SERVICES, INC. 17 2.78% $6,702
    GUARANTEED RATE, INC. 17 3.00% $6,509
    THE MORTGAGE FIRM, INC. 15 3.06% $9,349
    Low VA Rates, LLC 14 2.50% $2,487
    The Federal Savings Bank 12 2.51% $7,053
    PENTAGON FEDERAL CREDIT UNION 12 2.32% $1,547
    NEWREZ LLC 12 2.51% $2,863
    FBC MORTGAGE, LLC 11 2.77% $5,659
    PLANET HOME LENDING, LLC 10 2.46% $2,925
    BROKER SOLUTIONS, INC. 10 2.77% $5,954
    Truist 10 2.70% $6,036
    Mortgage Lenders Investment Trading Corporation 10 3.08% $7,684
    HOME SOLUTION LENDERS INC. 10 2.64% $4,167
    MUTUAL OF OMAHA MORTGAGE, INC. 9 2.56% $5,138
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 3.15% $6,475
    UNION HOME MORTGAGE CORP. 9 2.93% $8,167
    Lakeview Community Capital, LLC 8 2.50% $1,723
    ACADEMY MORTGAGE CORPORATION 8 2.95% $9,897
    MOVEMENT MORTGAGE, LLC 8 3.16% $5,223
    SUN WEST MORTGAGE COMPANY, INC. 7 2.57% $7,378
    Flagstar Bank, FSB 7 2.55% $4,073
    CROSSCOUNTRY MORTGAGE, LLC 7 2.96% $6,602
    Goldwater Bank, N.A. 6 2.88% $8,432
    Mid-Continent Funding, Inc. 6 2.94% $7,305
    NBKC BANK 5 2.70% $4,052
    CMG MORTGAGE, INC. 5 2.90% $7,798
    Equity Prime Mortgage LLC 5 3.83% $11,295
    Bank of England 5 3.05% $8,113
    Ixonia Bank 5 3.08% $5,545
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 3.23% $6,645
    Nations Lending Corporation 5 2.93% $6,867
    InterContinental Capital Group, Inc 5 2.63% $4,604
    AmeriHome Mortgage Company, LLC 5 2.73% $1,781
    Carrington Mortgage Services, LLC 5 2.78% $4,673
    HOMESTAR FINANCIAL CORPORATION 5 3.20% $3,228
    AMERIFIRST FINANCIAL CORPORATION 4 3.00% $5,507
    AMERICAN FINANCING CORPORATION 4 2.44% $2,464
    Prime Choice Funding Inc. 4 2.44% $2,641
    Shea Mortgage Inc. 4 2.44% $6,581
    First Guaranty Mortgage Corporation 4 2.38% $2,810
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 2.94% $6,738
    CRESCENT MORTGAGE COMPANY 4 2.75% $2,930
    Hometown Lenders, Inc. 4 3.69% $9,491
    Christensen Financial, Inc. 4 2.88% $6,676
    KELLER MORTGAGE, LLC 4 2.56% $8,531
    Magnolia Bank 4 2.72% $8,976
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 3.25% $7,562
    METROPLEX MORTGAGE SERVICES, INC. 3 2.96% $7,386
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 2.58% $3,412
    DAS Acquisition Company, LLC 3 2.63% $3,951
    Capital City Home Loans, LLC 3 3.58% $5,243
    Regions Bank 3 3.08% $4,557
    Towne Bank 3 2.54% $4,542
    Plains Commerce Bank 3 2.96% $6,439
    SOVEREIGN LENDING GROUP INCORPORATED 3 2.83% $8,350
    Waterstone Mortgage Corporation 3 3.21% $6,328
    North American Savings Bank, F.S.B. 3 2.38% $3,256
    ROSS MORTGAGE CORPORATION 2 3.88% $9,100
    FIDELITY FUNDING MORTGAGE CORP. 2 3.00% $8,624
    RELIANCE FIRST CAPITAL, LLC 2 2.94% $9,888
    NETWORK CAPITAL FUNDING CORPORATION 2 2.50% $3,155
    Bank of America 2 3.06% $16,991
    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
    LENDING 3, INC. 2 3.25% $7,367
    PHH Mortgage Corporation 2 2.94% $3,327
    LOANPAL, LLC 2 2.25% $8,033
    EQUITY RESOURCES, INC. 2 2.56% $4,632
    PANORAMA MORTGAGE GROUP, LLC 2 4.56% $4,333
    ACCELERATE MORTGAGE, LLC 2 2.25% $3,665
    AMERICAN FINANCIAL RESOURCES, INC. 2 3.94% $4,440
    MORTGAGE EQUITY PARTNERS LLC 2 3.50% $5,533
    Wyndham Capital Mortgage, Inc. 2 2.63% $1,434
    GUARANTEED RATE AFFINITY, LLC 2 2.63% $9,282
    WATSON MORTGAGE CORP. 2 2.75% $4,824
    MORTGAGE FINANCIAL GROUP, INC. 2 3.25% $14,338
    Capital Bank 2 2.50% $1,762
    HAMILTON HOME LOANS, INC. 2 3.19% $9,208
    BNC National Bank 2 2.25% $23,264
    GENEVA FINANCIAL, LLC 2 3.75% $1,530
    HOMESIDE FINANCIAL, LLC 2 3.12% $5,058
    Hometown Equity Mortgage, LLC 2 2.63% $8,588
    NP, Inc. 2 2.69% $7,589
    First Mortgage Solutions, LLC 2 2.44% $2,567
    South State Bank 2 2.38% $3,363
    FIRST EQUITY MORTGAGE BANKERS, INC. 2 3.19% $3,926
    SHELTER MORTGAGE COMPANY, L.L.C. 2 3.25% $4,732
    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
    MICHIGAN MUTUAL, INC. 1 3.50% $2,169
    M&T Bank 1 2.63% $3,731
    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 MORTGAGE ($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 MORTGAGE (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 (1.7%) $268,937 (4.2%) 0.70 2,144
    2018-02-01 $190,723 (2.4%) $271,582 (5.7%) 0.69 2,153
    2018-03-01 $194,950 (2.7%) $271,818 (5.8%) 0.68 2,168
    2018-04-01 $199,745 (4.0%) $278,302 (7.7%) 0.68 2,108
    2018-05-01 $205,872 (5.6%) $282,196 (5.5%) 0.69 2,051
    2018-06-01 $205,000 (4.6%) $281,212 (3.1%) 0.68 2,061
    2018-07-01 $205,000 (7.9%) $282,580 (7.5%) 0.68 2,104
    2018-08-01 $199,700 (5.2%) $276,762 (6.4%) 0.67 2,125
    2018-09-01 $199,900 (5.3%) $274,681 (4.3%) 0.67 2,146
    2018-10-01 $199,575 (7.5%) $275,014 (8.0%) 0.67 2,201
    2018-11-01 $199,900 (5.8%) $272,435 (1.8%) 0.68 2,274
    2018-12-01 $199,970 (5.3%) $272,121 (0.0%) 0.69 2,298
    2019-01-01 $199,900 (5.3%) $270,769 (0.7%) 0.69 2,273
    2019-02-01 $199,350 (4.5%) $269,545 (-0.8%) 0.67 2,387
    2019-03-01 $198,814 (2.0%) $273,632 (0.7%) 0.65 2,379
    2019-04-01 $199,900 (0.1%) $278,957 (0.2%) 0.63 2,358
    2019-05-01 $204,750 (-0.5%) $280,023 (-0.8%) 0.64 2,242
    2019-06-01 $205,000 (0.0%) $287,491 (2.2%) 0.64 2,201
    2019-07-01 $206,000 (0.5%) $290,834 (2.9%) 0.64 2,141
    2019-08-01 $209,259 (4.8%) $290,682 (5.0%) 0.66 2,111
    2019-09-01 $209,648 (4.9%) $288,765 (5.1%) 0.67 2,102
    2019-10-01 $208,932 (4.7%) $285,584 (3.8%) 0.67 2,108
    2019-11-01 $209,000 (4.6%) $283,149 (3.9%) 0.69 2,109
    2019-12-01 $207,658 (3.8%) $279,494 (2.7%) 0.69 2,109
    2020-01-01 $204,498 (2.3%) $279,106 (3.1%) 0.68 2,047
    2020-02-01 $205,800 (3.2%) $280,081 (3.9%) 0.67 2,046
    2020-03-01 $207,625 (4.4%) $281,466 (2.9%) 0.65 1,896
    2020-04-01 $204,945 (2.5%) $280,300 (0.5%) 0.64 1,890
    2020-05-01 $209,900 (2.5%) $283,402 (1.2%) 0.64 1,783
    2020-06-01 $214,900 (4.8%) $298,204 (3.7%) 0.63 1,564
    2020-07-01 $215,000 (4.4%) $308,248 (6.0%) 0.62 1,423
    2020-08-01 $224,900 (7.5%) $319,257 (9.8%) 0.64 1,259
    2020-09-01 $226,406 (8.0%) $321,273 (11.3%) 0.65 1,225
    2020-10-01 $230,000 (10.1%) $337,160 (18.1%) 0.66 1,205
    2020-11-01 $229,900 (10.0%) $331,587 (17.1%) 0.67 1,235
    2020-12-01 $230,000 (10.8%) $329,955 (18.1%) 0.68 1,214
    2021-01-01 $236,000 (15.4%) $336,939 (20.7%) 0.70 1,054
    2021-02-01 $239,900 (16.6%) $344,852 (23.1%) 0.70 911
    2021-03-01 $241,498 (16.3%) $364,064 (29.4%) 0.69 701
    2021-04-01 $257,473 (25.6%) $392,034 (39.9%) 0.70 627
    2021-05-01 $265,000 (26.3%) $413,797 (46.0%) 0.70 606
    2021-06-01 $265,000 (23.3%) $445,862 (49.5%) 0.70 558
    2021-07-01 $273,250 (27.1%) $442,133 (43.4%) 0.72 715
    2021-08-01 $272,425 (21.1%) $413,713 (29.6%) 0.73 792
    2021-09-01 $272,800 (20.5%) $389,891 (21.4%) 0.73 788
    2021-10-01 $275,000 (19.6%) $385,738 (14.4%) 0.73 801
    2021-11-01 $282,450 (22.9%) $406,487 (22.6%) 0.75 792
    2021-12-01 $288,450 (25.4%) $406,286 (23.1%) 0.78 754
    2022-01-01 $299,900 (27.1%) $426,694 (26.6%) 0.81 687
    2022-02-01 $298,727 (24.5%) $430,248 (24.8%) 0.78 621
    2022-03-01 $299,900 (24.2%) $447,498 (22.9%) 0.75 650
    2022-04-01 $314,900 (22.3%) $449,250 (14.6%) 0.75 680
    2022-05-01 $325,000 (22.6%) $451,877 (9.2%) 0.74 811
    2022-06-01 $328,625 (24.0%) $459,046 (3.0%) 0.73 1,023
    2022-07-01 $324,900 (18.9%) $446,609 (1.0%) 0.74 1,333
    2022-08-01 $316,413 (16.2%) $423,562 (2.4%) 0.73 1,545
    2022-09-01 $313,198 (14.8%) $414,261 (6.3%) 0.73 1,720
    2022-10-01 $318,750 (15.9%) $409,918 (6.3%) 0.75 1,875
    2022-11-01 $314,500 (11.4%) $406,842 (0.1%) 0.76 2,031
    Ocala's median listing price for 2022-11-01 was $314,500, a difference of $32,050 (11.4%) versus the prior year and $-4,250 versus the prior month.

    Ocala's median listing price comes in at 76% of the national average.

    Ocala's average listing price for 2022-11-01 was $406,842, a difference of $355 (0.1%) versus the prior year and $-3,076 versus the prior month.

    For the 2022-11-01 period, Ocala had 2,031 MLS listings, a difference of 156 listings (8%) versus the prior month and 1,239 listings (156%) 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 1,772 sqft
    2018-02-01 77 days 1,780 sqft
    2018-03-01 64 days 1,797 sqft
    2018-04-01 66 days 1,809 sqft
    2018-05-01 64 days 1,817 sqft
    2018-06-01 64 days 1,828 sqft
    2018-07-01 65 days 1,824 sqft
    2018-08-01 64 days 1,796 sqft
    2018-09-01 68 days 1,803 sqft
    2018-10-01 65 days 1,800 sqft
    2018-11-01 63 days 1,802 sqft
    2018-12-01 71 days 1,819 sqft
    2019-01-01 74 days 1,790 sqft
    2019-02-01 67 days 1,772 sqft
    2019-03-01 66 days 1,762 sqft
    2019-04-01 65 days 1,763 sqft
    2019-05-01 65 days 1,763 sqft
    2019-06-01 66 days 1,760 sqft
    2019-07-01 68 days 1,760 sqft
    2019-08-01 68 days 1,771 sqft
    2019-09-01 67 days 1,784 sqft
    2019-10-01 67 days 1,786 sqft
    2019-11-01 61 days 1,768 sqft
    2019-12-01 66 days 1,752 sqft
    2020-01-01 73 days 1,751 sqft
    2020-02-01 67 days 1,747 sqft
    2020-03-01 61 days 1,750 sqft
    2020-04-01 67 days 1,747 sqft
    2020-05-01 79 days 1,727 sqft
    2020-06-01 85 days 1,735 sqft
    2020-07-01 73 days 1,741 sqft
    2020-08-01 66 days 1,760 sqft
    2020-09-01 57 days 1,762 sqft
    2020-10-01 54 days 1,779 sqft
    2020-11-01 52 days 1,747 sqft
    2020-12-01 58 days 1,751 sqft
    2021-01-01 61 days 1,757 sqft
    2021-02-01 52 days 1,766 sqft
    2021-03-01 47 days 1,743 sqft
    2021-04-01 41 days 1,817 sqft
    2021-05-01 40 days 1,817 sqft
    2021-06-01 39 days 1,762 sqft
    2021-07-01 37 days 1,777 sqft
    2021-08-01 36 days 1,754 sqft
    2021-09-01 41 days 1,748 sqft
    2021-10-01 41 days 1,724 sqft
    2021-11-01 44 days 1,751 sqft
    2021-12-01 60 days 1,746 sqft
    2022-01-01 50 days 1,764 sqft
    2022-02-01 39 days 1,706 sqft
    2022-03-01 37 days 1,684 sqft
    2022-04-01 35 days 1,725 sqft
    2022-05-01 32 days 1,729 sqft
    2022-06-01 31 days 1,729 sqft
    2022-07-01 35 days 1,700 sqft
    2022-08-01 43 days 1,672 sqft
    2022-09-01 45 days 1,678 sqft
    2022-10-01 53 days 1,703 sqft
    2022-11-01 60 days 1,699 sqft
    Ocala's median listing age (time on market) for 2022-11-01 was 60 days. This is 35% longer than the same period one year ago.

    Ocala's median square footage for active listings during the 2022-11-01 period was 1,699 sqft. One year prior, the average listing was 1,751 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.