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 87 lenders originated 415 VA loans during 2022. The total origination value was $141,305,000, with an average VA loan value of $340,494.

Sebastian VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sebastian averaged 6.3% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Sebastian's average VA mortgage closing costs are $6,100.

The average rate for the prior week (2024-02-23) was 6.22% and one month ago for the week of 2024-01-26, the average rate was 5.85%.

The average rate one year ago was 5.99%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.12%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 42 5.08% $7,075
QUICKEN LOANS, LLC 39 3.79% $10,115
UNITED WHOLESALE MORTGAGE, LLC 32 4.15% $9,128
CALIBER HOME LOANS, INC. 29 4.42% $11,212
NAVY FEDERAL CREDIT UNION 22 3.97% $8,283
FREEDOM MORTGAGE CORPORATION 16 4.12% $13,142
BAYSHORE MORTGAGE FUNDING, LLC 14 4.52% $13,967
DHI MORTGAGE COMPANY, LTD. 11 3.65% $7,517
USAA Federal Savings Bank 11 4.38% $8,607
PENNYMAC LOAN SERVICES, LLC 10 3.57% $10,827
LOANDEPOT.COM, LLC 8 4.07% $10,124
NEW DAY FINANCIAL, LLC 8 4.64% $14,219
CLEARPATH LENDING 7 3.59% $14,642
CROSSCOUNTRY MORTGAGE, LLC 6 5.31% $15,813
Mr. Cooper ( Nationstar Mortgage ) 5 4.08% $11,092
CARDINAL FINANCIAL 5 4.85% $10,660
MOVEMENT MORTGAGE, LLC 5 5.45% $7,119
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 4.81% $10,176
NEWREZ LLC 4 4.75% $8,373
NVR Mortgage Finance, Inc. 4 3.50% $6,288
Flagstar Bank, FSB 4 4.34% $10,232
PULTE MORTGAGE LLC 4 5.00% $5,431
EVERETT FINANCIAL, INC. 4 5.00% $8,523
RADIUS FINANCIAL GROUP INC. 3 4.88% $6,704
AMERIFIRST FINANCIAL CORPORATION 3 5.38% $8,532
HOME POINT FINANCIAL CORPORATION 3 4.92% $5,426
PLANET HOME LENDING, LLC 3 3.29% $5,948
ACOPIA, LLC 3 5.66% $5,872
FINANCE OF AMERICA MORTGAGE LLC 3 4.33% $13,365
FBC MORTGAGE, LLC 3 4.46% $37,314
TOTAL MORTGAGE SERVICES, LLC 3 5.21% $5,899
GUARANTEED RATE AFFINITY, LLC 3 3.78% $7,093
Lakeview Community Capital, LLC 2 3.31% $1,891
AMERISAVE MORTGAGE CORPORATION 2 4.75% $17,779
The Federal Savings Bank 2 3.88% $20,405
Equity Prime Mortgage LLC 2 5.31% $10,699
Mid-Continent Funding, Inc. 2 4.69% $12,251
ACADEMY MORTGAGE CORPORATION 2 4.25% $14,019
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.75% $12,897
South State Bank 2 4.19% $11,885
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 5.25% $1,588
SUCCESS MORTGAGE PARTNERS, INC. 2 4.56% $13,370
NETWORK CAPITAL FUNDING CORPORATION 2 5.31% $10,601
Mortgage Lenders Investment Trading Corporation 2 4.25% $11,784
Wells Fargo Bank 1 5.63% $3,088
AMERICAN FINANCING CORPORATION 1 2.75% $12,550
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.63% $5,256
Arvest Bank 1 2.75% $20,916
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 4.50% $6,115
CAPITAL PARTNERS MORTGAGE, LLC 1 5.25% $17,832
CHURCHILL MORTGAGE CORPORATION 1 4.25% $6,187
CMG MORTGAGE, INC. 1 3.88% $32,324
COMPASS MORTGAGE, INC. 1 5.75% $12,241
DYBN FINANCIAL CORP. 1 4.25% $14,658
EMM LOANS LLC 1 5.13% $15,770
First Guaranty Mortgage Corporation 1 3.50% $7,545
FOUNDATION MORTGAGE CORPORATION 1 4.75% $13,084
Gateway First Bank 1 5.25% $23,746
GUARANTEED RATE, INC. 1 4.13% $4,204
HOMESIDE FINANCIAL, LLC 1 4.38% $14,727
HOMESTAR FINANCIAL CORPORATION 1 5.75% $18,453
IMPAC MORTGAGE CORP. 1 3.25% $935
Ixonia Bank 1 5.75% $21,212
LAKEVIEW LOAN SERVICING, LLC 1 2.50% $9,918
Lend Smart Mortgage, LLC 1 6.25% $0
Magnolia Bank 1 4.75% $20,175
MORTGAGE EQUITY PARTNERS LLC 1 4.75% $7,830
Nations Lending Corporation 1 4.75% $5,086
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $12,287
Northpointe Bank 1 2.63% $5,541
OPEN MORTGAGE, LLC 1 4.63% $4,813
Paramount Residential Mortgage Group, Inc. 1 5.63% $10,109
PENTAGON FEDERAL CREDIT UNION 1 4.50% $4,040
PLAZA HOME MORTGAGE, INC. 1 3.38% $9,976
PNC Bank 1 2.88% $3,570
RELIANCE FIRST CAPITAL, LLC 1 5.25% $14,569
ROYAL UNITED MORTGAGE LLC 1 5.63% $45,801
Sierra Pacific Mortgage Company, Inc. 1 5.50% $6,974
Strong Home Mortgage, LLC 1 4.13% $8,456
Summit Mortgage Corporation 1 4.13% $22,239
SUN WEST MORTGAGE COMPANY, INC. 1 4.88% $4,400
SWBC MORTGAGE CORPORATION 1 4.13% $13,135
Texana Bank 1 4.88% $11,068
The Home Loan Expert LLC 1 3.63% $4,040
TJC Mortgage, Inc. 1 5.25% $11,136
VERITAS FUNDING, LLC 1 3.63% $19,553
VILLAGE CAPITAL MORTGAGE 1 3.25% $4,861

The top Sebastian VA lender as defined by loan originations is Mortgage Research Center, LLC, with 42 VA loans originated. Their average total fees are $7,075, which is $3,040 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Sebastian VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,075), DHI MORTGAGE COMPANY, LTD. ($7,517), NAVY FEDERAL CREDIT UNION ($8,283), USAA Federal Savings Bank ($8,607) and UNITED WHOLESALE MORTGAGE, LLC ($9,128).

The lowest rate Sebastian VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.57%), DHI MORTGAGE COMPANY, LTD. (3.65%), QUICKEN LOANS, LLC (3.79%), NAVY FEDERAL CREDIT UNION (3.97%) and FREEDOM MORTGAGE CORPORATION (4.12%).


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
Sebastian's median listing price for 2024-01-01 was $482,000, a difference of $44,775 (10.2%) versus the prior year and $7,000 versus the prior month.

Sebastian's median listing price comes in at 118% of the national average.

Sebastian's average listing price for 2024-01-01 was $1,007,183, a difference of $125,976 (14.3%) versus the prior year and $-10,944 versus the prior month.

For the 2024-01-01 period, Sebastian had 1,372 MLS listings, a difference of 111 listings (9%) versus the prior month and 375 listings (38%) 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 2,042 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
Sebastian's median listing age (time on market) for 2024-01-01 was 70 days. This is -1% shorter than the same period one year ago.

Sebastian's median square footage for active listings during the 2024-01-01 period was 1,786 sqft. One year prior, the average listing was 1,789 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.