Sebastian VA Loan Rates, Closing Costs & Stats

Sebastian-Vero Beach, 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.

Sebastian's 67 lenders originated 256 VA loans during 2023. The total origination value was $93,320,000, with an average VA loan value of $364,531.

Sebastian VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sebastian averaged 6.35% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

Sebastian's average VA mortgage closing costs are $6,466.

The average rate for the prior week (2024-06-07) was 6.72% and one month ago for the week of 2024-05-10, the average rate was 6.84%.

The average rate one year ago was 6.48%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.32%.

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

Sebastian 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 Sebastian level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 39 6.51% $10,556
UNITED WHOLESALE MORTGAGE, LLC 22 5.95% $8,593
QUICKEN LOANS, LLC 19 6.26% $12,961
BAYSHORE MORTGAGE FUNDING, LLC 11 6.52% $13,521
NAVY FEDERAL CREDIT UNION 10 5.78% $8,367
DHI MORTGAGE COMPANY, LTD. 10 5.25% $6,307
NEW DAY FINANCIAL, LLC 10 7.54% $15,697
CARDINAL FINANCIAL 9 6.38% $12,906
FREEDOM MORTGAGE CORPORATION 8 6.44% $20,296
USAA Federal Savings Bank 7 6.38% $9,945
EVERETT FINANCIAL, INC. 5 6.58% $6,887
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.63% $9,715
CALIBER HOME LOANS, INC. 4 5.88% $7,857
MOVEMENT MORTGAGE, LLC 4 6.38% $5,387
LOANDEPOT.COM, LLC 3 5.71% $12,213
TOTAL MORTGAGE SERVICES, LLC 3 5.63% $13,875
CROSSCOUNTRY MORTGAGE, LLC 3 6.21% $6,288
EAGLE HOME MORTGAGE, LLC 3 6.08% $3,416
NEWREZ LLC 3 6.25% $14,396
ACADEMY MORTGAGE CORPORATION 2 7.00% $9,908
AMERISAVE MORTGAGE CORPORATION 2 5.94% $17,949
CMG MORTGAGE, INC. 2 5.88% $10,869
FBC MORTGAGE, LLC 2 6.31% $7,049
GUARANTEED RATE AFFINITY, LLC 2 7.00% $9,360
GUARANTEED RATE, INC. 2 6.26% $6,368
HOMESIDE FINANCIAL, LLC 2 6.25% $10,313
LAKEVIEW LOAN SERVICING, LLC 2 5.75% $12,850
Mid-Continent Funding, Inc. 2 6.31% $8,805
PENNYMAC LOAN SERVICES, LLC 2 6.25% $7,266
Prosperity Home Mortgage, LLC 2 5.75% $27,648
SWBC MORTGAGE CORPORATION 2 6.63% $13,358
LEGEND LENDING CORPORATION 1 6.88% $19,089
EMBRACE HOME LOANS, INC. 1 3.88% $17,634
METROPLEX MORTGAGE SERVICES, INC. 1 6.63% $4,459
MICHIGAN MUTUAL, INC. 1 7.13% $5,422
MID AMERICA MORTGAGE, INC. 1 6.88% $30,059
ACOPIA, LLC 1 6.25% $5,810
Community First National Bank 1 5.75% $8,303
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.63% $0
BROKER SOLUTIONS, INC. 1 5.75% $19,218
Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $29,044
BAY EQUITY LLC 1 6.75% $4,259
BAY CAPITAL MORTGAGE CORPORATION 1 6.75% $13,206
Barrington Bank & Trust Company, N.A. 1 5.75% $4,718
NFM, INC. 1 6.63% $16,760
NORTHPOINT MORTGAGE, INC. 1 5.75% $3,530
NVR Mortgage Finance, Inc. 1 5.75% $7,401
ON Q FINANCIAL, INC. 1 7.75% $2,381
Paramount Residential Mortgage Group, Inc. 1 5.25% $6,381
VILLAGE CAPITAL MORTGAGE 1 7.13% $12,622
PENTAGON FEDERAL CREDIT UNION 1 5.38% $7,787
PLAZA HOME MORTGAGE, INC. 1 6.25% $20,333
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $7,015
WATSON MORTGAGE CORP. 1 7.13% $6,641
PULTE MORTGAGE LLC 1 5.50% $3,885
Bank of Springfield 1 6.63% $5,536
RELIANCE FIRST CAPITAL, LLC 1 6.63% $15,777
Service Federal Credit Union 1 5.75% $862
Equity Prime Mortgage LLC 1 6.25% $9,253
FAIR WAY LENDING LLC 1 7.25% $5,864
South State Bank 1 5.99% $19,028
EMM LOANS LLC 1 7.50% $13,975
Wells Fargo Bank 1 6.38% $7,491
The Federal Savings Bank 1 5.75% $28,731
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $4,841
JPMorgan Chase Bank 1 5.75% $2,490
American Mortgage & Equity Consultants, Inc. 1 6.75% $5,791

The top Sebastian VA lender as defined by loan originations is Mortgage Research Center, LLC, with 39 VA loans originated. Their average total fees are $10,556, which is $1,963 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Sebastian VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($6,307), NAVY FEDERAL CREDIT UNION ($8,367), UNITED WHOLESALE MORTGAGE, LLC ($8,593), Mortgage Research Center, LLC ($10,556) and QUICKEN LOANS, LLC ($12,961).

The lowest rate Sebastian VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.25%), NAVY FEDERAL CREDIT UNION (5.78%), UNITED WHOLESALE MORTGAGE, LLC (5.95%), QUICKEN LOANS, LLC (6.26%) and Mortgage Research Center, LLC (6.51%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sebastian (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 $353,500 (1.0%) $705,701 (-0.3%) 1.31 1,472
2018-02-01 $349,500 (0.4%) $701,692 (-0.3%) 1.27 1,565
2018-03-01 $350,000 (1.3%) $703,852 (0.6%) 1.23 1,663
2018-04-01 $355,000 (0.0%) $708,499 (0.3%) 1.20 1,671
2018-05-01 $340,000 (-2.4%) $695,261 (1.7%) 1.14 1,613
2018-06-01 $334,900 (-4.2%) $677,644 (-6.0%) 1.12 1,566
2018-07-01 $336,464 (-2.5%) $699,982 (0.3%) 1.12 1,477
2018-08-01 $337,450 (-2.8%) $710,533 (3.6%) 1.13 1,457
2018-09-01 $340,000 (-2.6%) $706,407 (-0.9%) 1.14 1,484
2018-10-01 $338,934 (-2.8%) $694,356 (-3.6%) 1.15 1,579
2018-11-01 $339,675 (-3.0%) $685,758 (-7.0%) 1.15 1,695
2018-12-01 $339,000 (-3.1%) $677,364 (-5.2%) 1.17 1,760
2019-01-01 $344,513 (-2.5%) $679,044 (-3.8%) 1.19 1,777
2019-02-01 $348,900 (-0.2%) $665,615 (-5.1%) 1.18 1,918
2019-03-01 $342,957 (-2.0%) $661,243 (-6.1%) 1.12 1,921
2019-04-01 $338,057 (-4.8%) $667,144 (-5.8%) 1.07 1,879
2019-05-01 $336,223 (-1.1%) $678,622 (-2.4%) 1.05 1,794
2019-06-01 $337,500 (0.8%) $688,976 (1.7%) 1.05 1,625
2019-07-01 $340,000 (1.1%) $693,171 (-1.0%) 1.06 1,554
2019-08-01 $344,545 (2.1%) $694,030 (-2.3%) 1.09 1,507
2019-09-01 $347,614 (2.2%) $695,681 (-1.5%) 1.11 1,465
2019-10-01 $354,500 (4.6%) $701,540 (1.0%) 1.14 1,436
2019-11-01 $340,000 (0.1%) $658,081 (-4.0%) 1.11 1,572
2019-12-01 $341,816 (0.8%) $651,427 (-3.8%) 1.14 1,599
2020-01-01 $341,038 (-1.0%) $654,625 (-3.6%) 1.14 1,631
2020-02-01 $340,000 (-2.6%) $652,731 (-1.9%) 1.11 1,662
2020-03-01 $338,000 (-1.5%) $649,553 (-1.8%) 1.06 1,673
2020-04-01 $329,975 (-2.4%) $635,833 (-4.7%) 1.03 1,696
2020-05-01 $329,450 (-2.0%) $640,543 (-5.6%) 1.00 1,612
2020-06-01 $330,916 (-2.0%) $654,787 (-5.0%) 0.97 1,503
2020-07-01 $339,000 (-0.3%) $645,812 (-6.8%) 0.98 1,401
2020-08-01 $347,950 (1.0%) $676,831 (-2.5%) 1.00 1,233
2020-09-01 $343,600 (-1.2%) $689,217 (-0.9%) 0.98 1,094
2020-10-01 $347,000 (-2.1%) $696,722 (-0.7%) 0.99 1,015
2020-11-01 $348,750 (2.6%) $704,238 (7.0%) 1.02 997
2020-12-01 $348,500 (2.0%) $717,464 (10.1%) 1.04 927
2021-01-01 $349,900 (2.6%) $703,956 (7.5%) 1.04 827
2021-02-01 $344,000 (1.2%) $724,965 (11.1%) 1.00 656
2021-03-01 $349,450 (3.4%) $741,170 (14.1%) 0.99 550
2021-04-01 $366,250 (11.0%) $776,277 (22.1%) 0.99 498
2021-05-01 $396,700 (20.4%) $860,422 (34.3%) 1.05 401
2021-06-01 $389,950 (17.8%) $921,349 (40.7%) 1.03 383
2021-07-01 $362,123 (6.8%) $886,158 (37.2%) 0.96 395
2021-08-01 $369,000 (6.1%) $885,784 (30.9%) 0.98 406
2021-09-01 $371,088 (8.0%) $823,952 (19.6%) 0.99 439
2021-10-01 $398,500 (14.8%) $825,232 (18.4%) 1.06 407
2021-11-01 $404,000 (15.8%) $903,815 (28.3%) 1.08 395
2021-12-01 $431,000 (23.7%) $988,075 (37.7%) 1.17 360
2022-01-01 $429,000 (22.6%) $964,474 (37.0%) 1.16 330
2022-02-01 $402,000 (16.9%) $1,006,260 (38.8%) 1.05 337
2022-03-01 $399,200 (14.2%) $966,311 (30.4%) 1.00 343
2022-04-01 $420,575 (14.8%) $890,652 (14.7%) 1.00 387
2022-05-01 $427,235 (7.7%) $909,406 (5.7%) 0.98 465
2022-06-01 $427,000 (9.5%) $835,009 (-9.4%) 0.95 572
2022-07-01 $425,000 (17.4%) $864,450 (-2.5%) 0.96 723
2022-08-01 $414,988 (12.5%) $838,383 (-5.4%) 0.96 795
2022-09-01 $417,450 (12.5%) $838,614 (1.8%) 0.98 818
2022-10-01 $430,000 (7.9%) $859,800 (4.2%) 1.01 821
2022-11-01 $431,700 (6.9%) $853,291 (-5.6%) 1.04 919
2022-12-01 $429,900 (-0.3%) $883,231 (-10.6%) 1.06 954
2023-01-01 $437,225 (1.9%) $881,207 (-8.6%) 1.08 997
2023-02-01 $434,625 (8.1%) $994,959 (-1.1%) 1.05 1,048
2023-03-01 $435,750 (9.2%) $1,042,899 (7.9%) 1.03 1,029
2023-04-01 $446,000 (6.1%) $1,064,617 (19.5%) 1.04 1,008
2023-05-01 $444,750 (4.1%) $966,890 (6.3%) 1.01 916
2023-06-01 $442,000 (3.5%) $984,712 (17.9%) 0.99 892
2023-07-01 $450,000 (5.9%) $1,036,013 (19.9%) 1.02 885
2023-08-01 $449,225 (8.3%) $1,037,554 (23.8%) 1.03 900
2023-09-01 $459,000 (10.0%) $1,056,778 (26.0%) 1.07 939
2023-10-01 $467,450 (8.7%) $1,042,019 (21.2%) 1.10 1,057
2023-11-01 $469,000 (8.6%) $1,025,264 (20.2%) 1.12 1,177
2023-12-01 $475,000 (10.5%) $1,018,127 (15.3%) 1.16 1,261
2024-01-01 $482,000 (10.2%) $1,007,183 (14.3%) 1.18 1,372
2024-02-01 $475,000 (9.3%) $991,392 (-0.4%) 1.14 1,531
2024-03-01 $460,000 (5.6%) $975,144 (-6.5%) 1.08 1,608
2024-04-01 $459,725 (3.1%) $952,258 (-10.6%) 1.07 1,620
2024-05-01 $460,000 (3.4%) $959,128 (-0.8%) 1.04 1,577
Sebastian's median listing price for 2024-05-01 was $460,000, a difference of $15,250 (3.4%) versus the prior year and $275 versus the prior month.

Sebastian's median listing price comes in at 104% of the national average.

Sebastian's average listing price for 2024-05-01 was $959,128, a difference of $-7,762 (-0.8%) versus the prior year and $6,870 versus the prior month.

For the 2024-05-01 period, Sebastian had 1,577 MLS listings, a difference of -43 listings (-3%) versus the prior month and 661 listings (72%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sebastian (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 81 days 2,061 sqft
2018-02-01 70 days 2,064 sqft
2018-03-01 64 days 2,060 sqft
2018-04-01 73 days 2,090 sqft
2018-05-01 79 days 2,042 sqft
2018-06-01 85 days 2,040 sqft
2018-07-01 88 days 2,048 sqft
2018-08-01 89 days 2,044 sqft
2018-09-01 84 days 2,046 sqft
2018-10-01 79 days 2,041 sqft
2018-11-01 78 days 2,041 sqft
2018-12-01 79 days 2,018 sqft
2019-01-01 86 days 2,012 sqft
2019-02-01 78 days 2,014 sqft
2019-03-01 77 days 1,996 sqft
2019-04-01 79 days 1,982 sqft
2019-05-01 81 days 1,962 sqft
2019-06-01 89 days 1,970 sqft
2019-07-01 92 days 1,970 sqft
2019-08-01 89 days 1,972 sqft
2019-09-01 88 days 1,974 sqft
2019-10-01 89 days 1,976 sqft
2019-11-01 82 days 1,914 sqft
2019-12-01 76 days 1,900 sqft
2020-01-01 80 days 1,901 sqft
2020-02-01 82 days 1,900 sqft
2020-03-01 74 days 1,906 sqft
2020-04-01 83 days 1,910 sqft
2020-05-01 95 days 1,900 sqft
2020-06-01 101 days 1,900 sqft
2020-07-01 98 days 1,900 sqft
2020-08-01 89 days 1,900 sqft
2020-09-01 93 days 1,900 sqft
2020-10-01 83 days 1,900 sqft
2020-11-01 67 days 1,900 sqft
2020-12-01 67 days 1,900 sqft
2021-01-01 69 days 1,900 sqft
2021-02-01 50 days 1,850 sqft
2021-03-01 45 days 1,847 sqft
2021-04-01 42 days 1,856 sqft
2021-05-01 46 days 1,865 sqft
2021-06-01 45 days 1,832 sqft
2021-07-01 46 days 1,768 sqft
2021-08-01 47 days 1,763 sqft
2021-09-01 47 days 1,725 sqft
2021-10-01 45 days 1,813 sqft
2021-11-01 47 days 1,818 sqft
2021-12-01 52 days 1,836 sqft
2022-01-01 49 days 1,868 sqft
2022-02-01 35 days 1,763 sqft
2022-03-01 34 days 1,693 sqft
2022-04-01 33 days 1,700 sqft
2022-05-01 35 days 1,701 sqft
2022-06-01 36 days 1,709 sqft
2022-07-01 37 days 1,700 sqft
2022-08-01 48 days 1,717 sqft
2022-09-01 58 days 1,708 sqft
2022-10-01 65 days 1,789 sqft
2022-11-01 64 days 1,795 sqft
2022-12-01 64 days 1,780 sqft
2023-01-01 71 days 1,789 sqft
2023-02-01 61 days 1,805 sqft
2023-03-01 57 days 1,821 sqft
2023-04-01 63 days 1,828 sqft
2023-05-01 65 days 1,780 sqft
2023-06-01 66 days 1,783 sqft
2023-07-01 71 days 1,812 sqft
2023-08-01 65 days 1,828 sqft
2023-09-01 64 days 1,828 sqft
2023-10-01 60 days 1,819 sqft
2023-11-01 58 days 1,813 sqft
2023-12-01 65 days 1,770 sqft
2024-01-01 70 days 1,786 sqft
2024-02-01 65 days 1,779 sqft
2024-03-01 63 days 1,777 sqft
2024-04-01 70 days 1,795 sqft
2024-05-01 71 days 1,787 sqft
Sebastian's median listing age (time on market) for 2024-05-01 was 71 days. This is 10% longer than the same period one year ago.

Sebastian's median square footage for active listings during the 2024-05-01 period was 1,787 sqft. One year prior, the average listing was 1,780 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.