Orlando VA Loan Rates, Closing Costs & Stats
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 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 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
6.62%
for the week of 2022-12-02, compared to the national average (all VA variants) of
6.292% for the same period.
Orlando's average VA mortgage closing costs are $5,904.
The average rate for the prior week (2022-11-25) was
6.66% and
one month ago for the week of 2022-10-28, the
average rate was 7.15%.
The average rate one year ago was 3.53%.
For refis of the same type during the week of 2022-12-02, the average rate
was 6.23%.
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.
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%) | $438,789 (7.5%) | 1.11 | 8,938 |
| 2018-02-01 | $299,950 (7.1%) | $445,022 (8.0%) | 1.09 | 8,955 |
| 2018-03-01 | $309,000 (8.4%) | $445,762 (6.0%) | 1.08 | 8,935 |
| 2018-04-01 | $317,945 (8.8%) | $459,487 (6.6%) | 1.08 | 8,941 |
| 2018-05-01 | $319,400 (6.9%) | $461,331 (7.0%) | 1.07 | 9,088 |
| 2018-06-01 | $319,617 (6.9%) | $464,505 (8.4%) | 1.07 | 9,345 |
| 2018-07-01 | $318,175 (6.4%) | $461,225 (8.9%) | 1.06 | 9,766 |
| 2018-08-01 | $318,750 (7.0%) | $459,112 (10.0%) | 1.07 | 9,870 |
| 2018-09-01 | $310,000 (3.7%) | $448,382 (6.1%) | 1.04 | 10,170 |
| 2018-10-01 | $307,945 (3.0%) | $443,199 (5.0%) | 1.04 | 10,597 |
| 2018-11-01 | $302,835 (1.3%) | $434,179 (1.7%) | 1.03 | 10,690 |
| 2018-12-01 | $300,000 (0.7%) | $435,736 (1.2%) | 1.03 | 10,451 |
| 2019-01-01 | $299,900 (0.3%) | $436,362 (-0.6%) | 1.04 | 10,233 |
| 2019-02-01 | $301,445 (0.5%) | $441,293 (-0.8%) | 1.02 | 10,325 |
| 2019-03-01 | $307,573 (-0.5%) | $447,955 (0.5%) | 1.01 | 10,139 |
| 2019-04-01 | $313,003 (-1.6%) | $451,253 (-1.8%) | 0.99 | 9,845 |
| 2019-05-01 | $315,250 (-1.3%) | $453,889 (-1.6%) | 0.99 | 9,893 |
| 2019-06-01 | $319,900 (0.1%) | $451,505 (-2.8%) | 1.00 | 9,967 |
| 2019-07-01 | $322,172 (1.3%) | $449,653 (-2.5%) | 1.01 | 9,902 |
| 2019-08-01 | $322,636 (1.2%) | $446,592 (-2.7%) | 1.02 | 9,799 |
| 2019-09-01 | $320,591 (3.4%) | $442,029 (-1.4%) | 1.03 | 9,761 |
| 2019-10-01 | $319,677 (3.8%) | $438,987 (-1.0%) | 1.03 | 9,731 |
| 2019-11-01 | $319,000 (5.3%) | $437,548 (0.8%) | 1.05 | 9,557 |
| 2019-12-01 | $316,785 (5.6%) | $441,951 (1.4%) | 1.06 | 9,095 |
| 2020-01-01 | $314,500 (4.9%) | $444,038 (1.8%) | 1.05 | 8,707 |
| 2020-02-01 | $325,000 (7.8%) | $455,158 (3.1%) | 1.06 | 8,399 |
| 2020-03-01 | $323,750 (5.3%) | $455,645 (1.7%) | 1.01 | 8,486 |
| 2020-04-01 | $312,500 (-0.2%) | $432,915 (-4.1%) | 0.98 | 9,179 |
| 2020-05-01 | $315,000 (-0.1%) | $434,566 (-4.3%) | 0.96 | 9,181 |
| 2020-06-01 | $319,945 (0.0%) | $444,876 (-1.5%) | 0.94 | 8,681 |
| 2020-07-01 | $322,495 (0.1%) | $449,825 (0.0%) | 0.93 | 8,328 |
| 2020-08-01 | $325,000 (0.7%) | $447,123 (0.1%) | 0.93 | 8,124 |
| 2020-09-01 | $325,000 (1.4%) | $453,464 (2.6%) | 0.93 | 7,900 |
| 2020-10-01 | $325,000 (1.7%) | $452,288 (3.0%) | 0.93 | 7,757 |
| 2020-11-01 | $325,000 (1.9%) | $456,789 (4.4%) | 0.95 | 7,582 |
| 2020-12-01 | $323,305 (2.1%) | $456,819 (3.4%) | 0.96 | 7,004 |
| 2021-01-01 | $319,000 (1.4%) | $461,169 (3.9%) | 0.95 | 5,948 |
| 2021-02-01 | $319,000 (-1.9%) | $466,129 (2.4%) | 0.93 | 4,928 |
| 2021-03-01 | $323,750 (0.0%) | $477,070 (4.7%) | 0.92 | 4,093 |
| 2021-04-01 | $327,000 (4.6%) | $490,704 (13.4%) | 0.89 | 3,562 |
| 2021-05-01 | $339,993 (7.9%) | $501,577 (15.4%) | 0.90 | 3,459 |
| 2021-06-01 | $354,950 (10.9%) | $522,504 (17.5%) | 0.93 | 3,700 |
| 2021-07-01 | $364,500 (13.0%) | $520,419 (15.7%) | 0.96 | 4,034 |
| 2021-08-01 | $374,950 (15.4%) | $517,270 (15.7%) | 1.00 | 4,215 |
| 2021-09-01 | $379,950 (16.9%) | $528,404 (16.5%) | 1.01 | 4,222 |
| 2021-10-01 | $389,900 (20.0%) | $533,473 (18.0%) | 1.04 | 4,121 |
| 2021-11-01 | $384,950 (18.5%) | $535,646 (17.3%) | 1.03 | 3,818 |
| 2021-12-01 | $389,900 (20.6%) | $531,288 (16.3%) | 1.06 | 3,399 |
| 2022-01-01 | $397,000 (24.5%) | $550,829 (19.4%) | 1.07 | 2,832 |
| 2022-02-01 | $397,450 (24.6%) | $568,783 (22.0%) | 1.03 | 2,545 |
| 2022-03-01 | $412,500 (27.4%) | $588,933 (23.5%) | 1.03 | 2,523 |
| 2022-04-01 | $429,900 (31.5%) | $609,876 (24.3%) | 1.03 | 2,773 |
| 2022-05-01 | $450,000 (32.4%) | $626,845 (25.0%) | 1.03 | 3,695 |
| 2022-06-01 | $465,000 (31.0%) | $625,879 (19.8%) | 1.04 | 4,892 |
| 2022-07-01 | $464,900 (27.5%) | $615,971 (18.4%) | 1.05 | 6,816 |
| 2022-08-01 | $452,500 (20.7%) | $597,266 (15.5%) | 1.05 | 7,363 |
| 2022-09-01 | $449,411 (18.3%) | $585,020 (10.7%) | 1.05 | 7,551 |
| 2022-10-01 | $445,000 (14.1%) | $589,084 (10.4%) | 1.05 | 7,402 |
| 2022-11-01 | $439,406 (14.2%) | $581,268 (8.5%) | 1.06 | 7,848 |
Orlando's median listing price comes in at 106% of the national average.
Orlando's average listing price for 2022-11-01 was $581,268, a difference of $45,622 (8.5%) versus the prior year and $-7,816 versus the prior month.
For the 2022-11-01 period, Orlando had 7,848 MLS listings, a difference of 446 listings (6%) versus the prior month and 4,030 listings (106%) 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 | 76 days | 2,112 sqft |
| 2018-02-01 | 68 days | 2,128 sqft |
| 2018-03-01 | 57 days | 2,161 sqft |
| 2018-04-01 | 58 days | 2,185 sqft |
| 2018-05-01 | 58 days | 2,166 sqft |
| 2018-06-01 | 58 days | 2,173 sqft |
| 2018-07-01 | 59 days | 2,162 sqft |
| 2018-08-01 | 60 days | 2,146 sqft |
| 2018-09-01 | 61 days | 2,099 sqft |
| 2018-10-01 | 60 days | 2,088 sqft |
| 2018-11-01 | 62 days | 2,054 sqft |
| 2018-12-01 | 69 days | 2,043 sqft |
| 2019-01-01 | 75 days | 2,037 sqft |
| 2019-02-01 | 68 days | 2,042 sqft |
| 2019-03-01 | 62 days | 2,064 sqft |
| 2019-04-01 | 59 days | 2,082 sqft |
| 2019-05-01 | 58 days | 2,100 sqft |
| 2019-06-01 | 59 days | 2,106 sqft |
| 2019-07-01 | 59 days | 2,113 sqft |
| 2019-08-01 | 61 days | 2,104 sqft |
| 2019-09-01 | 64 days | 2,092 sqft |
| 2019-10-01 | 66 days | 2,085 sqft |
| 2019-11-01 | 63 days | 2,081 sqft |
| 2019-12-01 | 69 days | 2,079 sqft |
| 2020-01-01 | 73 days | 2,062 sqft |
| 2020-02-01 | 67 days | 2,070 sqft |
| 2020-03-01 | 56 days | 2,068 sqft |
| 2020-04-01 | 58 days | 2,008 sqft |
| 2020-05-01 | 68 days | 1,992 sqft |
| 2020-06-01 | 73 days | 1,988 sqft |
| 2020-07-01 | 63 days | 1,986 sqft |
| 2020-08-01 | 59 days | 1,974 sqft |
| 2020-09-01 | 59 days | 1,949 sqft |
| 2020-10-01 | 59 days | 1,920 sqft |
| 2020-11-01 | 60 days | 1,914 sqft |
| 2020-12-01 | 65 days | 1,903 sqft |
| 2021-01-01 | 71 days | 1,866 sqft |
| 2021-02-01 | 64 days | 1,828 sqft |
| 2021-03-01 | 51 days | 1,829 sqft |
| 2021-04-01 | 43 days | 1,805 sqft |
| 2021-05-01 | 37 days | 1,800 sqft |
| 2021-06-01 | 35 days | 1,846 sqft |
| 2021-07-01 | 36 days | 1,852 sqft |
| 2021-08-01 | 36 days | 1,864 sqft |
| 2021-09-01 | 38 days | 1,867 sqft |
| 2021-10-01 | 41 days | 1,888 sqft |
| 2021-11-01 | 43 days | 1,849 sqft |
| 2021-12-01 | 60 days | 1,853 sqft |
| 2022-01-01 | 44 days | 1,849 sqft |
| 2022-02-01 | 35 days | 1,821 sqft |
| 2022-03-01 | 31 days | 1,827 sqft |
| 2022-04-01 | 31 days | 1,847 sqft |
| 2022-05-01 | 27 days | 1,911 sqft |
| 2022-06-01 | 29 days | 1,950 sqft |
| 2022-07-01 | 31 days | 1,960 sqft |
| 2022-08-01 | 40 days | 1,938 sqft |
| 2022-09-01 | 49 days | 1,914 sqft |
| 2022-10-01 | 57 days | 1,914 sqft |
| 2022-11-01 | 62 days | 1,914 sqft |
Orlando's median square footage for active listings during the 2022-11-01 period was 1,914 sqft. One year prior, the average listing was 1,849 sqft.
