Orlando VA Loans
ORLANDO-KISSIMMEE-SANFORD, 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.
Orlando's 296 lenders originated 10,826 VA loans during 2021. The total origination value was $3,394,740,000, with an average VA loan value of $313,573.
Orlando VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Orlando
averaged
5.49%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.62% and
one month ago for the week of 2022-04-08, the
average rate was 5.24%.
The average rate one year ago was 3.16%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.3%.
Orlando 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 Orlando level.
The top Orlando VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
919 VA loans originated. Their average total fees are
$3,682, which is $1,462
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Orlando VA lenders (with over 10 loans originated) are
AmeriHome Mortgage Company, LLC ($2,310), Lakeview Community Capital, LLC ($2,479), PENTAGON FEDERAL CREDIT UNION ($2,519), LAKEVIEW LOAN SERVICING, LLC ($2,572) and KS StateBank ($2,607).
The lowest rate Orlando VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.19%), North American Savings Bank, F.S.B. (2.26%), KS StateBank (2.29%), CLEARPATH LENDING (2.33%) and PENTAGON FEDERAL CREDIT UNION (2.34%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Orlando (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 | $299,000 (8.7%) | $442,410 (7.7%) | 1.10 | 8,833 |
| 2018-02-01 | $299,995 (7.2%) | $448,309 (7.9%) | 1.08 | 8,883 |
| 2018-03-01 | $309,900 (8.7%) | $448,400 (6.0%) | 1.07 | 8,869 |
| 2018-04-01 | $318,674 (9.1%) | $462,203 (6.5%) | 1.07 | 8,827 |
| 2018-05-01 | $318,250 (6.5%) | $463,248 (6.4%) | 1.06 | 9,017 |
| 2018-06-01 | $319,000 (6.7%) | $466,421 (8.1%) | 1.06 | 9,283 |
| 2018-07-01 | $317,466 (6.2%) | $463,196 (8.8%) | 1.06 | 9,705 |
| 2018-08-01 | $317,745 (6.9%) | $460,609 (9.8%) | 1.06 | 9,798 |
| 2018-09-01 | $310,000 (3.7%) | $450,630 (6.2%) | 1.04 | 10,076 |
| 2018-10-01 | $308,493 (3.4%) | $446,209 (5.2%) | 1.03 | 10,517 |
| 2018-11-01 | $303,450 (1.8%) | $436,237 (1.5%) | 1.02 | 10,651 |
| 2018-12-01 | $300,000 (0.7%) | $438,270 (1.2%) | 1.03 | 10,415 |
| 2019-01-01 | $299,910 (0.3%) | $439,363 (-0.7%) | 1.03 | 10,139 |
| 2019-02-01 | $299,950 (0.0%) | $443,758 (-1.0%) | 1.00 | 10,232 |
| 2019-03-01 | $306,571 (-1.1%) | $450,198 (0.4%) | 1.00 | 10,079 |
| 2019-04-01 | $312,450 (-2.0%) | $453,946 (-1.8%) | 0.98 | 9,815 |
| 2019-05-01 | $315,000 (-1.0%) | $456,706 (-1.4%) | 0.97 | 9,830 |
| 2019-06-01 | $319,900 (0.3%) | $455,336 (-2.4%) | 0.98 | 9,881 |
| 2019-07-01 | $322,495 (1.6%) | $452,135 (-2.4%) | 1.00 | 9,824 |
| 2019-08-01 | $322,000 (1.3%) | $449,199 (-2.5%) | 1.01 | 9,488 |
| 2019-09-01 | $319,975 (3.2%) | $445,661 (-1.1%) | 1.02 | 9,227 |
| 2019-10-01 | $322,250 (4.5%) | $447,366 (0.3%) | 1.03 | 9,548 |
| 2019-11-01 | $319,000 (5.1%) | $440,382 (1.0%) | 1.03 | 9,426 |
| 2019-12-01 | $317,000 (5.7%) | $444,403 (1.4%) | 1.06 | 8,971 |
| 2020-01-01 | $314,500 (4.9%) | $446,643 (1.7%) | 1.05 | 8,556 |
| 2020-02-01 | $325,000 (8.4%) | $459,801 (3.6%) | 1.05 | 8,207 |
| 2020-03-01 | $322,995 (5.4%) | $459,813 (2.1%) | 1.01 | 8,284 |
| 2020-04-01 | $312,500 (0.0%) | $436,338 (-3.9%) | 0.97 | 9,003 |
| 2020-05-01 | $315,000 (0.0%) | $437,796 (-4.1%) | 0.95 | 8,975 |
| 2020-06-01 | $319,900 (0.0%) | $448,728 (-1.5%) | 0.93 | 8,453 |
| 2020-07-01 | $320,000 (-0.8%) | $453,550 (0.3%) | 0.92 | 8,126 |
| 2020-08-01 | $324,900 (0.9%) | $450,269 (0.2%) | 0.93 | 7,921 |
| 2020-09-01 | $325,000 (1.6%) | $456,899 (2.5%) | 0.93 | 7,688 |
| 2020-10-01 | $324,900 (0.8%) | $457,169 (2.2%) | 0.93 | 7,543 |
| 2020-11-01 | $324,000 (1.6%) | $460,855 (4.7%) | 0.93 | 7,343 |
| 2020-12-01 | $320,000 (1.0%) | $460,419 (3.6%) | 0.94 | 6,800 |
| 2021-01-01 | $315,990 (0.5%) | $465,372 (4.2%) | 0.93 | 5,882 |
| 2021-02-01 | $315,495 (-2.9%) | $470,790 (2.4%) | 0.91 | 4,731 |
| 2021-03-01 | $322,500 (-0.2%) | $482,209 (4.9%) | 0.90 | 3,945 |
| 2021-04-01 | $327,000 (4.6%) | $493,188 (13.0%) | 0.88 | 3,452 |
| 2021-05-01 | $339,900 (7.9%) | $501,720 (14.6%) | 0.89 | 3,346 |
| 2021-06-01 | $355,500 (11.1%) | $523,573 (16.7%) | 0.92 | 3,626 |
| 2021-07-01 | $361,248 (12.9%) | $521,939 (15.1%) | 0.94 | 3,950 |
| 2021-08-01 | $374,950 (15.4%) | $519,282 (15.3%) | 0.99 | 4,142 |
| 2021-09-01 | $379,950 (16.9%) | $530,794 (16.2%) | 1.00 | 4,130 |
| 2021-10-01 | $389,900 (20.0%) | $536,336 (17.3%) | 1.03 | 4,039 |
| 2021-11-01 | $385,950 (19.1%) | $539,732 (17.1%) | 1.02 | 3,732 |
| 2021-12-01 | $389,450 (21.7%) | $534,655 (16.1%) | 1.04 | 3,304 |
| 2022-01-01 | $395,000 (25.0%) | $552,680 (18.8%) | 1.05 | 2,797 |
| 2022-02-01 | $398,700 (26.4%) | $572,489 (21.6%) | 1.02 | 2,467 |
| 2022-03-01 | $412,500 (27.9%) | $591,725 (22.7%) | 1.02 | 2,437 |
| 2022-04-01 | $429,900 (31.5%) | $610,677 (23.8%) | 1.01 | 2,689 |
Orlando's median listing price comes in at 101% of the national average.
Orlando's average listing price for 2022-04-01 was $610,677, a difference of $117,489 (23.8%) versus the prior year and $18,952 versus the prior month.
For the 2022-04-01 period, Orlando had 2,689 MLS listings, a difference of 252 listings (10%) versus the prior month and -763 listings (-22%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Orlando (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 75 days | 2,123 sqft |
| 2018-02-01 | 67 days | 2,137 sqft |
| 2018-03-01 | 57 days | 2,160 sqft |
| 2018-04-01 | 59 days | 2,186 sqft |
| 2018-05-01 | 59 days | 2,166 sqft |
| 2018-06-01 | 58 days | 2,169 sqft |
| 2018-07-01 | 59 days | 2,160 sqft |
| 2018-08-01 | 60 days | 2,140 sqft |
| 2018-09-01 | 62 days | 2,099 sqft |
| 2018-10-01 | 61 days | 2,090 sqft |
| 2018-11-01 | 62 days | 2,054 sqft |
| 2018-12-01 | 69 days | 2,040 sqft |
| 2019-01-01 | 77 days | 2,035 sqft |
| 2019-02-01 | 69 days | 2,039 sqft |
| 2019-03-01 | 59 days | 2,062 sqft |
| 2019-04-01 | 58 days | 2,078 sqft |
| 2019-05-01 | 57 days | 2,093 sqft |
| 2019-06-01 | 57 days | 2,100 sqft |
| 2019-07-01 | 59 days | 2,111 sqft |
| 2019-08-01 | 62 days | 2,099 sqft |
| 2019-09-01 | 66 days | 2,086 sqft |
| 2019-10-01 | 63 days | 2,094 sqft |
| 2019-11-01 | 63 days | 2,072 sqft |
| 2019-12-01 | 68 days | 2,073 sqft |
| 2020-01-01 | 72 days | 2,058 sqft |
| 2020-02-01 | 68 days | 2,067 sqft |
| 2020-03-01 | 56 days | 2,063 sqft |
| 2020-04-01 | 57 days | 2,002 sqft |
| 2020-05-01 | 67 days | 1,985 sqft |
| 2020-06-01 | 73 days | 1,982 sqft |
| 2020-07-01 | 63 days | 1,976 sqft |
| 2020-08-01 | 58 days | 1,968 sqft |
| 2020-09-01 | 58 days | 1,942 sqft |
| 2020-10-01 | 59 days | 1,914 sqft |
| 2020-11-01 | 61 days | 1,905 sqft |
| 2020-12-01 | 65 days | 1,893 sqft |
| 2021-01-01 | 70 days | 1,848 sqft |
| 2021-02-01 | 65 days | 1,813 sqft |
| 2021-03-01 | 51 days | 1,815 sqft |
| 2021-04-01 | 45 days | 1,795 sqft |
| 2021-05-01 | 38 days | 1,787 sqft |
| 2021-06-01 | 36 days | 1,838 sqft |
| 2021-07-01 | 37 days | 1,851 sqft |
| 2021-08-01 | 37 days | 1,856 sqft |
| 2021-09-01 | 39 days | 1,863 sqft |
| 2021-10-01 | 43 days | 1,885 sqft |
| 2021-11-01 | 43 days | 1,849 sqft |
| 2021-12-01 | 46 days | 1,855 sqft |
| 2022-01-01 | 46 days | 1,846 sqft |
| 2022-02-01 | 36 days | 1,817 sqft |
| 2022-03-01 | 32 days | 1,825 sqft |
| 2022-04-01 | 32 days | 1,843 sqft |
Orlando's median square footage for active listings during the 2022-04-01 period was 1,843 sqft. One year prior, the average listing was 1,795 sqft.
