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%.

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.