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 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
6.7%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Orlando's average VA mortgage closing costs are $6,935.
The average rate for the prior week (2024-04-12) was
6.73% and
one month ago for the week of 2024-03-15, the
average rate was 6.49%.
The average rate one year ago was 5.98%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.99%.
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 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%).
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%) | $438,788 (7.5%) | 1.11 | 8,937 |
| 2018-02-01 | $299,950 (7.1%) | $445,039 (8.1%) | 1.09 | 8,953 |
| 2018-03-01 | $309,000 (8.4%) | $445,808 (6.0%) | 1.08 | 8,934 |
| 2018-04-01 | $317,945 (8.8%) | $459,464 (6.6%) | 1.08 | 8,939 |
| 2018-05-01 | $319,400 (6.9%) | $461,316 (7.0%) | 1.07 | 9,086 |
| 2018-06-01 | $319,617 (6.9%) | $464,530 (8.4%) | 1.07 | 9,345 |
| 2018-07-01 | $318,175 (6.4%) | $461,244 (8.9%) | 1.06 | 9,766 |
| 2018-08-01 | $318,750 (7.0%) | $459,145 (10.0%) | 1.07 | 9,870 |
| 2018-09-01 | $310,000 (3.7%) | $448,394 (6.2%) | 1.04 | 10,170 |
| 2018-10-01 | $307,945 (3.0%) | $443,256 (5.0%) | 1.04 | 10,598 |
| 2018-11-01 | $302,840 (1.3%) | $434,235 (1.7%) | 1.03 | 10,691 |
| 2018-12-01 | $300,000 (0.7%) | $435,793 (1.3%) | 1.03 | 10,453 |
| 2019-01-01 | $299,900 (0.3%) | $436,424 (-0.5%) | 1.04 | 10,236 |
| 2019-02-01 | $301,463 (0.5%) | $441,354 (-0.8%) | 1.02 | 10,327 |
| 2019-03-01 | $307,580 (-0.5%) | $447,990 (0.5%) | 1.01 | 10,140 |
| 2019-04-01 | $313,011 (-1.6%) | $451,193 (-1.8%) | 0.99 | 9,843 |
| 2019-05-01 | $315,250 (-1.3%) | $453,851 (-1.6%) | 0.99 | 9,885 |
| 2019-06-01 | $319,900 (0.1%) | $451,328 (-2.8%) | 1.00 | 9,956 |
| 2019-07-01 | $322,140 (1.3%) | $449,549 (-2.5%) | 1.01 | 9,890 |
| 2019-08-01 | $322,636 (1.2%) | $446,514 (-2.8%) | 1.02 | 9,786 |
| 2019-09-01 | $320,591 (3.4%) | $441,973 (-1.4%) | 1.03 | 9,748 |
| 2019-10-01 | $319,677 (3.8%) | $438,946 (-1.0%) | 1.03 | 9,716 |
| 2019-11-01 | $319,000 (5.3%) | $437,546 (0.8%) | 1.05 | 9,544 |
| 2019-12-01 | $316,841 (5.6%) | $441,934 (1.4%) | 1.06 | 9,082 |
| 2020-01-01 | $314,500 (4.9%) | $444,179 (1.8%) | 1.05 | 8,695 |
| 2020-02-01 | $325,000 (7.8%) | $455,354 (3.2%) | 1.06 | 8,387 |
| 2020-03-01 | $323,950 (5.3%) | $455,872 (1.8%) | 1.02 | 8,473 |
| 2020-04-01 | $312,500 (-0.2%) | $433,091 (-4.0%) | 0.98 | 9,166 |
| 2020-05-01 | $315,000 (-0.1%) | $434,765 (-4.2%) | 0.96 | 9,167 |
| 2020-06-01 | $319,950 (0.0%) | $445,085 (-1.4%) | 0.94 | 8,667 |
| 2020-07-01 | $322,525 (0.1%) | $449,911 (0.1%) | 0.93 | 8,313 |
| 2020-08-01 | $325,000 (0.7%) | $447,208 (0.2%) | 0.93 | 8,109 |
| 2020-09-01 | $325,000 (1.4%) | $453,579 (2.6%) | 0.93 | 7,885 |
| 2020-10-01 | $325,000 (1.7%) | $452,390 (3.1%) | 0.93 | 7,743 |
| 2020-11-01 | $325,000 (1.9%) | $456,912 (4.4%) | 0.95 | 7,568 |
| 2020-12-01 | $323,410 (2.1%) | $456,963 (3.4%) | 0.96 | 6,989 |
| 2021-01-01 | $319,495 (1.6%) | $461,369 (3.9%) | 0.95 | 5,933 |
| 2021-02-01 | $319,031 (-1.8%) | $466,098 (2.4%) | 0.93 | 4,913 |
| 2021-03-01 | $324,356 (0.1%) | $477,331 (4.7%) | 0.92 | 4,079 |
| 2021-04-01 | $327,000 (4.6%) | $491,054 (13.4%) | 0.89 | 3,549 |
| 2021-05-01 | $340,000 (7.9%) | $501,696 (15.4%) | 0.90 | 3,447 |
| 2021-06-01 | $355,445 (11.1%) | $522,800 (17.5%) | 0.94 | 3,691 |
| 2021-07-01 | $364,850 (13.1%) | $520,877 (15.8%) | 0.96 | 4,023 |
| 2021-08-01 | $374,950 (15.4%) | $517,420 (15.7%) | 1.00 | 4,206 |
| 2021-09-01 | $379,950 (16.9%) | $528,658 (16.6%) | 1.01 | 4,213 |
| 2021-10-01 | $389,999 (20.0%) | $533,447 (17.9%) | 1.04 | 4,110 |
| 2021-11-01 | $385,447 (18.6%) | $535,985 (17.3%) | 1.03 | 3,806 |
| 2021-12-01 | $389,923 (20.6%) | $531,576 (16.3%) | 1.06 | 3,386 |
| 2022-01-01 | $397,900 (24.5%) | $550,664 (19.4%) | 1.08 | 2,818 |
| 2022-02-01 | $397,500 (24.6%) | $568,759 (22.0%) | 1.03 | 2,536 |
| 2022-03-01 | $412,500 (27.2%) | $588,942 (23.4%) | 1.03 | 2,513 |
| 2022-04-01 | $429,900 (31.5%) | $610,081 (24.2%) | 1.02 | 2,765 |
| 2022-05-01 | $450,000 (32.4%) | $626,526 (24.9%) | 1.03 | 3,684 |
| 2022-06-01 | $465,000 (30.8%) | $625,753 (19.7%) | 1.04 | 4,879 |
| 2022-07-01 | $464,000 (27.2%) | $614,361 (18.0%) | 1.05 | 6,806 |
| 2022-08-01 | $453,168 (20.9%) | $597,206 (15.4%) | 1.05 | 7,351 |
| 2022-09-01 | $449,411 (18.3%) | $586,019 (10.9%) | 1.05 | 7,542 |
| 2022-10-01 | $445,000 (14.1%) | $588,125 (10.3%) | 1.05 | 7,392 |
| 2022-11-01 | $439,772 (14.1%) | $581,227 (8.4%) | 1.06 | 7,841 |
| 2022-12-01 | $430,000 (10.3%) | $581,794 (9.5%) | 1.06 | 7,376 |
| 2023-01-01 | $429,450 (7.9%) | $590,898 (7.3%) | 1.06 | 6,846 |
| 2023-02-01 | $434,995 (9.4%) | $601,709 (5.8%) | 1.05 | 6,418 |
| 2023-03-01 | $440,948 (6.9%) | $618,305 (5.0%) | 1.04 | 5,942 |
| 2023-04-01 | $441,850 (2.8%) | $627,268 (2.8%) | 1.03 | 5,793 |
| 2023-05-01 | $450,000 (0.0%) | $641,973 (2.5%) | 1.02 | 5,668 |
| 2023-06-01 | $459,450 (-1.2%) | $642,590 (2.7%) | 1.03 | 5,927 |
| 2023-07-01 | $459,900 (-0.9%) | $643,212 (4.7%) | 1.05 | 6,361 |
| 2023-08-01 | $458,970 (1.3%) | $630,849 (5.6%) | 1.05 | 6,702 |
| 2023-09-01 | $455,551 (1.4%) | $622,464 (6.2%) | 1.06 | 7,275 |
| 2023-10-01 | $449,995 (1.1%) | $609,858 (3.7%) | 1.06 | 7,832 |
| 2023-11-01 | $447,450 (1.8%) | $603,817 (3.9%) | 1.07 | 8,428 |
| 2023-12-01 | $438,990 (2.1%) | $589,827 (1.4%) | 1.07 | 8,605 |
| 2024-01-01 | $435,000 (1.3%) | $584,534 (-1.1%) | 1.06 | 8,715 |
| 2024-02-01 | $435,000 (0.0%) | $588,706 (-2.2%) | 1.05 | 8,891 |
| 2024-03-01 | $439,000 (-0.4%) | $594,684 (-3.8%) | 1.03 | 9,106 |
Orlando's median listing price comes in at 103% of the national average.
Orlando's average listing price for 2024-03-01 was $594,684, a difference of $-23,621 (-3.8%) versus the prior year and $5,978 versus the prior month.
For the 2024-03-01 period, Orlando had 9,106 MLS listings, a difference of 215 listings (2%) versus the prior month and 3,164 listings (53%) 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 | 71 days | 2,111 sqft |
| 2018-02-01 | 64 days | 2,128 sqft |
| 2018-03-01 | 53 days | 2,161 sqft |
| 2018-04-01 | 54 days | 2,184 sqft |
| 2018-05-01 | 54 days | 2,166 sqft |
| 2018-06-01 | 54 days | 2,172 sqft |
| 2018-07-01 | 55 days | 2,162 sqft |
| 2018-08-01 | 56 days | 2,145 sqft |
| 2018-09-01 | 58 days | 2,099 sqft |
| 2018-10-01 | 57 days | 2,088 sqft |
| 2018-11-01 | 58 days | 2,053 sqft |
| 2018-12-01 | 65 days | 2,043 sqft |
| 2019-01-01 | 72 days | 2,036 sqft |
| 2019-02-01 | 63 days | 2,041 sqft |
| 2019-03-01 | 57 days | 2,064 sqft |
| 2019-04-01 | 56 days | 2,082 sqft |
| 2019-05-01 | 54 days | 2,099 sqft |
| 2019-06-01 | 56 days | 2,105 sqft |
| 2019-07-01 | 56 days | 2,113 sqft |
| 2019-08-01 | 58 days | 2,104 sqft |
| 2019-09-01 | 60 days | 2,092 sqft |
| 2019-10-01 | 62 days | 2,085 sqft |
| 2019-11-01 | 58 days | 2,082 sqft |
| 2019-12-01 | 65 days | 2,080 sqft |
| 2020-01-01 | 70 days | 2,062 sqft |
| 2020-02-01 | 63 days | 2,070 sqft |
| 2020-03-01 | 52 days | 2,069 sqft |
| 2020-04-01 | 55 days | 2,009 sqft |
| 2020-05-01 | 65 days | 1,993 sqft |
| 2020-06-01 | 68 days | 1,989 sqft |
| 2020-07-01 | 59 days | 1,987 sqft |
| 2020-08-01 | 55 days | 1,975 sqft |
| 2020-09-01 | 55 days | 1,950 sqft |
| 2020-10-01 | 56 days | 1,920 sqft |
| 2020-11-01 | 57 days | 1,914 sqft |
| 2020-12-01 | 61 days | 1,903 sqft |
| 2021-01-01 | 65 days | 1,866 sqft |
| 2021-02-01 | 59 days | 1,828 sqft |
| 2021-03-01 | 46 days | 1,829 sqft |
| 2021-04-01 | 40 days | 1,805 sqft |
| 2021-05-01 | 36 days | 1,800 sqft |
| 2021-06-01 | 33 days | 1,847 sqft |
| 2021-07-01 | 34 days | 1,852 sqft |
| 2021-08-01 | 36 days | 1,864 sqft |
| 2021-09-01 | 37 days | 1,868 sqft |
| 2021-10-01 | 40 days | 1,888 sqft |
| 2021-11-01 | 42 days | 1,849 sqft |
| 2021-12-01 | 58 days | 1,853 sqft |
| 2022-01-01 | 43 days | 1,849 sqft |
| 2022-02-01 | 34 days | 1,821 sqft |
| 2022-03-01 | 30 days | 1,826 sqft |
| 2022-04-01 | 30 days | 1,847 sqft |
| 2022-05-01 | 27 days | 1,911 sqft |
| 2022-06-01 | 29 days | 1,949 sqft |
| 2022-07-01 | 30 days | 1,959 sqft |
| 2022-08-01 | 40 days | 1,938 sqft |
| 2022-09-01 | 48 days | 1,914 sqft |
| 2022-10-01 | 57 days | 1,914 sqft |
| 2022-11-01 | 61 days | 1,914 sqft |
| 2022-12-01 | 67 days | 1,902 sqft |
| 2023-01-01 | 72 days | 1,896 sqft |
| 2023-02-01 | 64 days | 1,907 sqft |
| 2023-03-01 | 53 days | 1,914 sqft |
| 2023-04-01 | 51 days | 1,914 sqft |
| 2023-05-01 | 47 days | 1,935 sqft |
| 2023-06-01 | 46 days | 1,957 sqft |
| 2023-07-01 | 46 days | 1,952 sqft |
| 2023-08-01 | 46 days | 1,937 sqft |
| 2023-09-01 | 50 days | 1,914 sqft |
| 2023-10-01 | 50 days | 1,902 sqft |
| 2023-11-01 | 53 days | 1,885 sqft |
| 2023-12-01 | 58 days | 1,850 sqft |
| 2024-01-01 | 66 days | 1,846 sqft |
| 2024-02-01 | 64 days | 1,839 sqft |
| 2024-03-01 | 54 days | 1,850 sqft |
Orlando's median square footage for active listings during the 2024-03-01 period was 1,850 sqft. One year prior, the average listing was 1,914 sqft.