Orlando VA Loan Rates, Closing Costs & Stats

ORLANDO-KISSIMMEE-SANFORD, 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.

    Orlando's 216 lenders originated 3,386 VA loans during 2023. The total origination value was $1,425,930,000, with an average VA loan value of $421,125.

    Orlando VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Orlando averaged 6.48% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Orlando's average VA mortgage closing costs are $6,935.

    The average rate for the prior week (2024-11-01) was 6.44% and one month ago for the week of 2024-10-04, the average rate was 5.87%.

    The average rate one year ago was 7.32%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.68%.

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

    Orlando 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 Orlando level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 331 6.26% $10,433
    Mortgage Research Center, LLC 328 6.54% $10,138
    QUICKEN LOANS, LLC 214 5.97% $14,535
    DHI MORTGAGE COMPANY, LTD. 210 5.40% $7,149
    NAVY FEDERAL CREDIT UNION 141 5.75% $7,162
    LOANDEPOT.COM, LLC 105 6.05% $12,927
    PULTE MORTGAGE LLC 89 6.05% $6,871
    FREEDOM MORTGAGE CORPORATION 88 6.33% $17,141
    EAGLE HOME MORTGAGE, LLC 80 5.43% $6,293
    USAA Federal Savings Bank 72 6.06% $12,058
    FBC MORTGAGE, LLC 63 6.11% $9,887
    CROSSCOUNTRY MORTGAGE, LLC 61 6.47% $12,284
    South Pacific Financial Corporation 49 5.40% $10,512
    NEW DAY FINANCIAL, LLC 49 7.37% $16,748
    THE MORTGAGE FIRM, INC. 47 6.49% $12,467
    JET HOMELOANS, LLC 43 6.32% $10,498
    MOVEMENT MORTGAGE, LLC 43 6.38% $12,444
    GUARANTEED RATE, INC. 42 6.13% $10,616
    PENNYMAC LOAN SERVICES, LLC 41 5.64% $14,517
    Plains Commerce Bank 41 6.18% $14,249
    NFM, INC. 39 6.39% $13,916
    PENTAGON FEDERAL CREDIT UNION 37 5.39% $9,185
    NEWREZ LLC 31 6.55% $11,677
    Waterstone Mortgage Corporation 30 6.49% $11,640
    BROKER SOLUTIONS, INC. 28 6.49% $14,942
    KBHS HOME LOANS, LLC 25 5.80% $13,728
    NORTHPOINT MORTGAGE, INC. 25 6.16% $9,946
    The Federal Savings Bank 25 6.29% $19,158
    VILLAGE CAPITAL MORTGAGE 24 6.19% $12,159
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 22 6.55% $9,604
    MORTGAGE SOLUTIONS OF COLORADO, LLC 21 7.33% $10,566
    MATTAMY HOME FUNDING, LLC 20 5.84% $8,562
    Mr. Cooper ( Nationstar Mortgage ) 20 5.64% $17,402
    Equity Prime Mortgage LLC 19 6.70% $11,745
    GUARANTEED RATE AFFINITY, LLC 19 6.04% $8,644
    M/I FINANCIAL, LLC 19 6.25% $13,539
    CARDINAL FINANCIAL 16 6.23% $17,150
    MUTUAL OF OMAHA MORTGAGE, INC. 15 6.41% $21,613
    Wells Fargo Bank 15 5.60% $8,836
    Flagstar Bank, FSB 15 6.67% $14,147
    VELOCIO MORTGAGE L.L.C. 15 5.51% $8,434
    Paramount Residential Mortgage Group, Inc. 15 6.48% $12,351
    GUILD MORTGAGE COMPANY 14 6.47% $13,071
    PLAZA HOME MORTGAGE, INC. 14 6.46% $11,356
    CMG MORTGAGE, INC. 14 6.09% $8,763
    Ixonia Bank 13 6.75% $10,129
    AMERICAN FINANCIAL NETWORK, INC. 12 6.89% $13,581
    AMERICAN PACIFIC MORTGAGE CORPORATION 12 6.42% $16,168
    Mortgage Lenders Investment Trading Corporation 12 6.68% $17,838
    HOMEBRIDGE FINANCIAL SERVICES, INC. 11 6.45% $8,973
    HOMEAMERICAN MORTGAGE CORPORATION 11 5.35% $6,750
    NVR Mortgage Finance, Inc. 11 5.37% $5,784
    Mid-Continent Funding, Inc. 11 6.08% $17,033
    CALIBER HOME LOANS, INC. 10 6.19% $11,666
    NBKC BANK 9 6.13% $11,069
    SUN WEST MORTGAGE COMPANY, INC. 9 6.49% $13,433
    Barrington Bank & Trust Company, N.A. 9 6.38% $13,906
    First Heritage Mortgage, LLC 9 6.60% $13,890
    UNION HOME MORTGAGE CORP. 9 6.25% $13,601
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 9 6.37% $11,550
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.67% $14,497
    LOANPAL, LLC 9 5.80% $17,076
    AMERISAVE MORTGAGE CORPORATION 8 5.69% $10,890
    First Federal Bank 8 6.31% $10,621
    Truist 8 6.39% $5,622
    JPMorgan Chase Bank 8 6.25% $9,057
    BAY EQUITY LLC 8 6.48% $7,814
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 7 6.02% $15,056
    ACADEMY MORTGAGE CORPORATION 7 6.96% $10,046
    MY MORTGAGE, INC. 7 6.95% $10,948
    Bank of England 7 6.27% $13,452
    MORTGAGE FINANCIAL GROUP, INC. 6 6.75% $10,819
    Regions Bank 6 5.98% $10,741
    PLANET HOME LENDING, LLC 6 6.23% $11,318
    PARK SQUARE HOME MORTGAGE, LLC 6 6.06% $5,071
    GENEVA FINANCIAL, LLC 6 6.42% $11,719
    HOMESIDE FINANCIAL, LLC 6 6.85% $10,319
    Century Mortgage Company DBA Century Lending Company 6 6.29% $6,927
    HOME SOLUTION LENDERS INC. 5 6.03% $10,578
    Cornerstone First Mortgage, Inc 5 6.82% $12,235
    U.S. Bank 5 6.02% $14,535
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.43% $16,700
    MORTGAGE EQUITY PARTNERS LLC 5 6.53% $31,261
    South State Bank 5 5.85% $9,148
    MICHIGAN MUTUAL, INC. 5 5.98% $8,921
    CHURCHILL MORTGAGE CORPORATION 5 6.33% $14,424
    Citizens Bank 4 6.88% $14,770
    CONTOUR MORTGAGE CORPORATION 4 6.38% $20,887
    Nations Lending Corporation 4 6.94% $13,244
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 4 6.53% $8,699
    Ameris Bank 4 5.97% $17,404
    TOWNE MORTGAGE COMPANY 4 6.38% $11,062
    TJC Mortgage, Inc. 4 6.88% $12,557
    BNC National Bank 4 5.75% $27,960
    EMBRACE HOME LOANS, INC. 4 5.62% $13,682
    LAKEVIEW LOAN SERVICING, LLC 4 6.22% $16,339
    WATSON MORTGAGE CORP. 4 6.25% $8,016
    FIRST ALLIANCE HOME MORTGAGE, LLC 3 7.33% $17,941
    Armed Forces Bank 3 6.42% $9,014
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.08% $9,612
    CANOPY MORTGAGE, LLC 3 6.58% $14,474
    EVERETT FINANCIAL, INC. 3 6.67% $6,534
    ABSOLUTE HOME MORTGAGE CORPORATION 3 7.04% $8,197
    INTERCOASTAL MORTGAGE COMPANY 3 6.92% $8,497
    Lakeview Community Capital, LLC 3 6.33% $14,119
    NETWORK CAPITAL FUNDING CORPORATION 3 6.96% $12,847
    PREMIA MORTGAGE, LLC 3 5.67% $8,778
    SOUTHERN TRUST MORTGAGE, LLC 3 5.96% $11,195
    SOUTHPOINT FINANCIAL SERVICES, INC. 3 6.92% $11,560
    Strong Home Mortgage, LLC 3 5.79% $9,944
    TBI MORTGAGE COMPANY 3 5.92% $8,184
    Town Square Mortgage & Investments, Inc. 3 6.50% $11,403
    VERITAS FUNDING, LLC 3 6.50% $26,967
    Wolfe Financial, Inc 2 6.31% $24,568
    Centennial Bank 2 6.19% $6,553
    North American Savings Bank, F.S.B. 2 6.00% $12,401
    Summit Mortgage Corporation 2 6.81% $12,958
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.62% $18,249
    HOMESTAR FINANCIAL CORPORATION 2 6.25% $18,140
    Midwest Mortgage Associates Corporation 2 7.50% $7,744
    OCMBC, INC. 2 6.25% $17,666
    HOMESPIRE MORTGAGE CORPORATION 2 7.19% $9,928
    CRESCENT MORTGAGE COMPANY 2 6.81% $7,174
    RELIANCE FIRST CAPITAL, LLC 2 6.69% $11,116
    OPEN MORTGAGE, LLC 2 6.75% $12,917
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 6.31% $11,277
    BAYSHORE MORTGAGE FUNDING, LLC 2 7.56% $18,748
    TOP FLITE FINANCIAL, INC. 2 6.69% $19,917
    Total Media Management, LLC 2 6.19% $8,088
    First Option Mortgage, LLC 2 7.19% $10,631
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.94% $6,858
    Bank of America 2 6.69% $5,687
    MILEND, INC. 2 7.00% $14,159
    First Horizon Bank 2 5.88% $6,957
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.63% $7,966
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.25% $14,232
    INTERCAP LENDING INC. 2 7.13% $611
    Goldwater Bank, N.A. 2 6.69% $9,162
    Alcova Mortgage LLC 2 7.50% $17,494
    AMERICAN FINANCING CORPORATION 2 6.25% $10,649
    ZILLOW HOME LOANS, LLC 2 5.94% $6,294
    Florida Capital Bank 2 6.19% $4,900
    ACOPIA, LLC 2 6.94% $11,816
    PREFERRED LENDING SERVICES, LLC 2 6.75% $5,226
    Magnolia Bank 2 6.25% $11,929
    LADERA LENDING, INC. 2 6.44% $24,217
    AMERICAN BANCSHARES MORTGAGE 2 6.81% $8,892
    STOCKTON MORTGAGE CORPORATION 2 7.25% $9,292
    Keystone Funding, Inc. 2 6.88% $8,107
    ROSS MORTGAGE CORPORATION 1 6.50% $10,337
    ROYAL UNITED MORTGAGE LLC 1 6.75% $19,028
    RUOFF MORTGAGE COMPANY, INC. 1 6.75% $3,220
    SHELTER HOME MORTGAGE, LLC 1 6.75% $9,595
    Sierra Pacific Mortgage Company, Inc. 1 7.63% $7,439
    Community First National Bank 1 7.63% $5,563
    City National Bank of Florida 1 6.88% $7,870
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.38% $14,348
    SUMMIT FUNDING, INC. 1 6.25% $29,097
    Carrington Mortgage Services, LLC 1 7.63% $5,995
    T2 FINANCIAL LLC 1 6.50% $1,158
    WRIGHT-PATT CREDIT UNION, INC. 1 6.63% $1,136
    THE EQUITABLE MORTGAGE CORPORATION 1 5.25% $6,178
    BM Real Estate Services, Inc. 1 7.13% $33,072
    The Huntington National Bank 1 6.63% $14,379
    The Loan Store, Inc. 1 6.99% $25,984
    THE MONEY HOUSE INC. 1 7.13% $9,587
    Bell Bank 1 6.63% $800
    BAY CAPITAL MORTGAGE CORPORATION 1 6.63% $29,173
    Wyndham Capital Mortgage, Inc. 1 5.00% $3,142
    Atlantic Coast Mortgage, LLC 1 7.63% $5,051
    United Community Bank 1 6.63% $7,247
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.75% $14,501
    KELLER MORTGAGE, LLC 1 4.88% $29,820
    American Mortgage & Equity Consultants, Inc. 1 5.75% $11,855
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.00% $6,898
    LENDING 3, INC. 1 6.25% $9,391
    LOANFLIGHT LENDING, LLC 1 6.13% $4,310
    LEADERONE FINANCIAL CORPORATION 1 6.38% $4,429
    Meridian Bank Corporation 1 5.75% $5,746
    METROPLEX MORTGAGE SERVICES, INC. 1 6.50% $6,677
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 7.00% $7,039
    KEESLER 1 5.38% $16,317
    MORIA DEVELOPMENT, INC. 1 7.13% $12,556
    JMAC LENDING, INC. 1 6.50% $2,603
    MORTGAGEONE, INC. 1 7.75% $351
    HomePromise Corporation 1 7.75% $2,443
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $26,647
    HARBORONE MORTGAGE, LLC 1 5.50% $20,533
    HANSCOM 1 6.50% $3,254
    GTE Federal Credit Union 1 6.25% $20,158
    NASA Federal Credit Union 1 6.13% $11,358
    NATIONS DIRECT MORTGAGE, LLC 1 7.75% $5,483
    GMFS LLC 1 6.50% $19,679
    Gateway First Bank 1 7.25% $14,804
    Neighborhood Loans, Inc. 1 7.13% $8,291
    GARDNER FINANCIAL SERVICES, LTD. 1 6.75% $7,928
    Franklin Loan Corporation 1 5.38% $13,504
    NexBank 1 7.25% $8,299
    First State Bank of St. Charles, Missouri 1 6.75% $6,410
    NORWICH COMMERCIAL GROUP, INC. 1 6.75% $19,385
    First Savings Bank 1 5.00% $20,298
    ONY GLO, INC. 1 6.25% $6,188
    First National Bank of Pennsylvania 1 6.63% $20,163
    FIRST MORTGAGE COMPANY, INC. 1 6.99% $6,664
    First Federal Bank of Kansas City 1 5.75% $15,193
    FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $21,807
    Fifth Third Bank 1 7.38% $635
    Premium Mortgage Corporation 1 6.75% $5,859
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $12,611
    Princeton Mortgage Corporation 1 7.25% $7,842
    Prosperity Home Mortgage, LLC 1 5.75% $5,876
    FEDERATED MORTGAGE CORP. 1 6.63% $3,994
    EMM LOANS LLC 1 7.50% $12,218
    RESIDENTIAL BANCORP 1 5.75% $23,399
    RESIDENTIAL HOME FUNDING CORP. 1 5.25% $8,303
    Residential Mortgage Solutions, Inc. 1 6.63% $7,820

    The top Orlando VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 331 VA loans originated. Their average total fees are $10,433, which is $295 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Orlando VA lenders (with over 10 loans originated) are NVR Mortgage Finance, Inc. ($5,784), EAGLE HOME MORTGAGE, LLC ($6,293), HOMEAMERICAN MORTGAGE CORPORATION ($6,750), PULTE MORTGAGE LLC ($6,871) and DHI MORTGAGE COMPANY, LTD. ($7,149).

    The lowest rate Orlando VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (5.35%), NVR Mortgage Finance, Inc. (5.37%), PENTAGON FEDERAL CREDIT UNION (5.39%), South Pacific Financial Corporation (5.40%) and DHI MORTGAGE COMPANY, LTD. (5.40%).

    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.