Okeechobee VA Loan Rates, Closing Costs & Stats

Okeechobee, 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.

    Okeechobee's 22 lenders originated 44 VA loans during 2023. The total origination value was $11,840,000, with an average VA loan value of $269,091.

    Okeechobee VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Okeechobee averaged 6.71% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Okeechobee's average VA mortgage closing costs are $6,280.

    The average rate for the prior week (2025-02-07) was 6.54% and one month ago for the week of 2025-01-10, the average rate was 6.88%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.33%.

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

    Okeechobee 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 Okeechobee level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 6 6.98% $5,876
    METROPLEX MORTGAGE SERVICES, INC. 6 6.81% $5,333
    UNITED WHOLESALE MORTGAGE, LLC 4 6.81% $7,442
    LOANDEPOT.COM, LLC 3 6.63% $9,329
    NEW DAY FINANCIAL, LLC 2 7.62% $13,655
    FREEDOM MORTGAGE CORPORATION 2 6.25% $13,969
    South State Bank 2 7.18% $13,705
    CROSSCOUNTRY MORTGAGE, LLC 2 6.75% $13,061
    GENEVA FINANCIAL, LLC 2 7.13% $7,645
    NAVY FEDERAL CREDIT UNION 1 7.00% $9,252
    NFM, INC. 1 7.13% $6,910
    QUICKEN LOANS, LLC 1 5.99% $12,478
    ACOPIA, LLC 1 7.25% $11,305
    VILLAGE CAPITAL MORTGAGE 1 6.50% $6,811
    Flagstar Bank, FSB 1 7.38% $16,137
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.13% $4,524
    GUARANTEED RATE, INC. 1 5.75% $10,898
    HOMESIDE FINANCIAL, LLC 1 6.75% $6,787
    JMAC LENDING, INC. 1 6.63% $4,944
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $20,417
    Mid-Continent Funding, Inc. 1 5.99% $4,425
    MOVEMENT MORTGAGE, LLC 1 8.13% $4,026

    The top Okeechobee VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6 VA loans originated. Their average total fees are $5,876, which is $544 higher than the next largest lender, METROPLEX MORTGAGE SERVICES, INC..

    The lowest fee Okeechobee VA lenders (with over 10 loans originated) are .

    The lowest rate Okeechobee VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Okeechobee (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 $140,000 (-4.8%) $217,763 (7.7%) 0.00 137
    2018-02-01 $127,450 (-2.9%) $204,560 (6.7%) 0.00 138
    2018-03-01 $130,950 (0.8%) $197,277 (5.5%) 0.00 127
    2018-04-01 $119,900 (-17.3%) $193,044 (-1.0%) 0.00 129
    2018-05-01 $122,175 (-12.2%) $213,689 (9.9%) 0.00 140
    2018-06-01 $159,000 (14.0%) $245,870 (24.7%) 0.00 141
    2018-07-01 $164,750 (18.1%) $252,474 (34.6%) 0.00 144
    2018-08-01 $160,725 (7.9%) $227,631 (17.9%) 0.00 145
    2018-09-01 $169,750 (13.9%) $223,236 (6.2%) 0.00 157
    2018-10-01 $167,600 (10.3%) $217,643 (-1.7%) 0.00 158
    2018-11-01 $169,750 (21.5%) $220,086 (1.2%) 0.00 167
    2018-12-01 $172,250 (23.3%) $231,475 (8.0%) 0.00 166
    2019-01-01 $181,975 (30.0%) $233,411 (7.2%) 0.00 175
    2019-02-01 $187,250 (46.9%) $230,772 (12.8%) 0.00 167
    2019-03-01 $184,521 (40.9%) $237,646 (20.5%) 0.00 179
    2019-04-01 $191,675 (59.9%) $259,528 (34.4%) 0.00 182
    2019-05-01 $225,000 (84.2%) $311,849 (45.9%) 0.00 134
    2019-06-01 $221,500 (39.3%) $289,582 (17.8%) 0.00 140
    2019-07-01 $219,900 (33.5%) $266,914 (5.7%) 0.00 135
    2019-08-01 $220,336 (37.1%) $260,170 (14.3%) 0.00 135
    2019-09-01 $220,991 (30.2%) $258,508 (15.8%) 0.00 138
    2019-10-01 $221,427 (32.1%) $257,400 (18.3%) 0.00 140
    2019-11-01 $222,000 (30.8%) $261,835 (19.0%) 0.00 151
    2019-12-01 $226,225 (31.3%) $271,171 (17.2%) 0.00 149
    2020-01-01 $234,000 (28.6%) $284,596 (21.9%) 0.00 144
    2020-02-01 $230,000 (22.8%) $276,487 (19.8%) 0.00 142
    2020-03-01 $230,000 (24.7%) $272,984 (14.9%) 0.00 131
    2020-04-01 $229,975 (20.0%) $257,405 (-0.8%) 0.00 137
    2020-05-01 $232,500 (3.3%) $466,453 (49.6%) 0.00 119
    2020-06-01 $229,450 (3.6%) $480,169 (65.8%) 0.00 110
    2020-07-01 $229,000 (4.1%) $513,991 (92.6%) 0.00 100
    2020-08-01 $217,500 (-1.3%) $527,499 (102.8%) 0.00 92
    2020-09-01 $211,750 (-4.2%) $560,751 (116.9%) 0.00 88
    2020-10-01 $229,500 (3.7%) $592,750 (130.3%) 0.00 82
    2020-11-01 $244,975 (10.4%) $591,353 (125.9%) 0.00 88
    2020-12-01 $245,500 (8.5%) $593,863 (119.0%) 0.00 93
    2021-01-01 $229,900 (-1.8%) $614,796 (116.0%) 0.00 84
    2021-02-01 $249,250 (8.4%) $650,437 (135.3%) 0.00 80
    2021-03-01 $255,000 (10.9%) $364,576 (33.6%) 0.00 78
    2021-04-01 $252,500 (9.8%) $365,907 (42.2%) 0.00 58
    2021-05-01 $249,900 (7.5%) $363,264 (-22.1%) 0.00 60
    2021-06-01 $247,450 (7.8%) $604,566 (25.9%) 0.00 61
    2021-07-01 $259,500 (13.3%) $600,074 (16.8%) 0.00 63
    2021-08-01 $289,750 (33.2%) $608,168 (15.3%) 0.00 72
    2021-09-01 $295,750 (39.7%) $593,636 (5.9%) 0.00 84
    2021-10-01 $332,000 (44.7%) $655,288 (10.6%) 0.00 69
    2021-11-01 $350,000 (42.9%) $725,024 (22.6%) 0.00 61
    2021-12-01 $386,667 (57.5%) $719,032 (21.1%) 0.00 63
    2022-01-01 $385,000 (67.5%) $779,674 (26.8%) 0.00 58
    2022-02-01 $383,850 (54.0%) $831,856 (27.9%) 0.00 49
    2022-03-01 $386,975 (51.8%) $929,324 (154.9%) 0.00 42
    2022-04-01 $394,950 (56.4%) $950,736 (159.8%) 0.00 36
    2022-05-01 $396,213 (58.6%) $776,007 (113.6%) 0.00 53
    2022-06-01 $369,000 (49.1%) $676,876 (12.0%) 0.00 69
    2022-07-01 $349,000 (34.5%) $618,163 (3.0%) 0.00 89
    2022-08-01 $353,950 (22.2%) $592,503 (-2.6%) 0.00 96
    2022-09-01 $347,850 (17.6%) $587,307 (-1.1%) 0.00 103
    2022-10-01 $342,850 (3.3%) $607,318 (-7.3%) 0.00 110
    2022-11-01 $323,475 (-7.6%) $572,985 (-21.0%) 0.00 118
    2022-12-01 $306,000 (-20.9%) $429,283 (-40.3%) 0.00 110
    2023-01-01 $319,725 (-17.0%) $488,864 (-37.3%) 0.00 111
    2023-02-01 $324,475 (-15.5%) $564,747 (-32.1%) 0.00 112
    2023-03-01 $325,000 (-16.0%) $585,732 (-37.0%) 0.00 100
    2023-04-01 $299,900 (-24.1%) $564,089 (-40.7%) 0.00 97
    2023-05-01 $344,250 (-13.1%) $613,255 (-21.0%) 0.00 92
    2023-06-01 $335,938 (-9.0%) $609,350 (-10.0%) 0.00 94
    2023-07-01 $349,000 (0.0%) $589,265 (-4.7%) 0.00 103
    2023-08-01 $349,000 (-1.4%) $530,469 (-10.5%) 0.00 106
    2023-09-01 $320,000 (-8.0%) $582,511 (-0.8%) 0.00 118
    2023-10-01 $349,450 (1.9%) $775,398 (27.7%) 0.00 108
    2023-11-01 $343,725 (6.3%) $814,947 (42.2%) 0.00 107
    2023-12-01 $335,000 (9.5%) $821,500 (91.4%) 0.00 118
    2024-01-01 $366,950 (14.8%) $800,975 (63.8%) 0.00 124
    2024-02-01 $372,450 (14.8%) $818,672 (45.0%) 0.00 117
    2024-03-01 $352,500 (8.5%) $791,067 (35.1%) 0.00 120
    2024-04-01 $341,500 (13.9%) $770,579 (36.6%) 0.00 121
    2024-05-01 $349,675 (1.6%) $794,559 (29.6%) 0.00 116
    2024-06-01 $347,000 (3.3%) $780,652 (28.1%) 0.00 109
    2024-07-01 $349,000 (0.0%) $653,328 (10.9%) 0.00 114
    2024-08-01 $349,450 (0.1%) $647,572 (22.1%) 0.00 118
    2024-09-01 $349,500 (9.2%) $715,729 (22.9%) 0.00 129
    2024-10-01 $350,000 (0.2%) $747,886 (-3.6%) 0.00 130
    2024-11-01 $349,000 (1.5%) $710,135 (-12.9%) 0.00 145
    2024-12-01 $349,750 (4.4%) $700,511 (-14.7%) 0.00 159
    2025-01-01 $349,700 (-4.7%) $720,904 (-10.0%) 0.00 143
    Okeechobee's median listing price for 2025-01-01 was $349,700, a difference of $-17,250 (-4.7%) versus the prior year and $-50 versus the prior month.

    Okeechobee's median listing price comes in at 0% of the national average.

    Okeechobee's average listing price for 2025-01-01 was $720,904, a difference of $-80,071 (-10.0%) versus the prior year and $20,393 versus the prior month.

    For the 2025-01-01 period, Okeechobee had 143 MLS listings, a difference of -16 listings (-10%) versus the prior month and 19 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Okeechobee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,286 sqft
    2018-02-01 0 days 1,210 sqft
    2018-03-01 0 days 1,204 sqft
    2018-04-01 0 days 1,200 sqft
    2018-05-01 0 days 1,233 sqft
    2018-06-01 0 days 1,368 sqft
    2018-07-01 0 days 1,499 sqft
    2018-08-01 0 days 1,469 sqft
    2018-09-01 0 days 1,502 sqft
    2018-10-01 0 days 1,480 sqft
    2018-11-01 0 days 1,511 sqft
    2018-12-01 0 days 1,498 sqft
    2019-01-01 0 days 1,491 sqft
    2019-02-01 0 days 1,468 sqft
    2019-03-01 0 days 1,481 sqft
    2019-04-01 0 days 1,522 sqft
    2019-05-01 0 days 1,692 sqft
    2019-06-01 0 days 1,666 sqft
    2019-07-01 0 days 1,635 sqft
    2019-08-01 0 days 1,642 sqft
    2019-09-01 0 days 1,679 sqft
    2019-10-01 0 days 1,703 sqft
    2019-11-01 0 days 1,651 sqft
    2019-12-01 0 days 1,624 sqft
    2020-01-01 0 days 1,688 sqft
    2020-02-01 0 days 1,688 sqft
    2020-03-01 0 days 1,666 sqft
    2020-04-01 0 days 1,568 sqft
    2020-05-01 0 days 1,539 sqft
    2020-06-01 0 days 1,509 sqft
    2020-07-01 0 days 1,497 sqft
    2020-08-01 0 days 1,482 sqft
    2020-09-01 0 days 1,485 sqft
    2020-10-01 0 days 1,582 sqft
    2020-11-01 0 days 1,609 sqft
    2020-12-01 0 days 1,759 sqft
    2021-01-01 0 days 1,710 sqft
    2021-02-01 0 days 1,801 sqft
    2021-03-01 0 days 1,808 sqft
    2021-04-01 0 days 1,794 sqft
    2021-05-01 0 days 1,704 sqft
    2021-06-01 0 days 1,685 sqft
    2021-07-01 0 days 1,745 sqft
    2021-08-01 0 days 1,787 sqft
    2021-09-01 0 days 1,772 sqft
    2021-10-01 0 days 1,880 sqft
    2021-11-01 0 days 1,971 sqft
    2021-12-01 0 days 1,910 sqft
    2022-01-01 0 days 1,868 sqft
    2022-02-01 0 days 1,843 sqft
    2022-03-01 0 days 1,790 sqft
    2022-04-01 0 days 1,780 sqft
    2022-05-01 0 days 1,643 sqft
    2022-06-01 0 days 1,549 sqft
    2022-07-01 0 days 1,542 sqft
    2022-08-01 0 days 1,654 sqft
    2022-09-01 0 days 1,642 sqft
    2022-10-01 0 days 1,548 sqft
    2022-11-01 0 days 1,491 sqft
    2022-12-01 0 days 1,500 sqft
    2023-01-01 0 days 1,536 sqft
    2023-02-01 0 days 1,566 sqft
    2023-03-01 0 days 1,587 sqft
    2023-04-01 0 days 1,600 sqft
    2023-05-01 0 days 1,676 sqft
    2023-06-01 0 days 1,686 sqft
    2023-07-01 0 days 1,685 sqft
    2023-08-01 0 days 1,728 sqft
    2023-09-01 0 days 1,565 sqft
    2023-10-01 0 days 1,565 sqft
    2023-11-01 0 days 1,565 sqft
    2023-12-01 0 days 1,525 sqft
    2024-01-01 0 days 1,511 sqft
    2024-02-01 0 days 1,517 sqft
    2024-03-01 0 days 1,508 sqft
    2024-04-01 0 days 1,471 sqft
    2024-05-01 0 days 1,452 sqft
    2024-06-01 0 days 1,468 sqft
    2024-07-01 0 days 1,503 sqft
    2024-08-01 0 days 1,607 sqft
    2024-09-01 0 days 1,548 sqft
    2024-10-01 0 days 1,601 sqft
    2024-11-01 0 days 1,504 sqft
    2024-12-01 0 days 1,528 sqft
    2025-01-01 0 days 1,501 sqft
    Okeechobee's median listing age (time on market) for 2025-01-01 was 0 days.

    Okeechobee's median square footage for active listings during the 2025-01-01 period was 1,501 sqft. One year prior, the average listing was 1,511 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.