Sebastian VA Loan Rates, Closing Costs & Stats

Sebastian-Vero Beach, FL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.19% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

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

    The average rate for the prior week (2023-05-19) was 5.91% and one month ago for the week of 2023-04-21, the average rate was 6.03%.

    The average rate one year ago was 4.6%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.11%.

    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 (-2.5%) $695,375 (1.5%) 1.14 1,613
    2018-06-01 $334,900 (-4.3%) $677,644 (-6.1%) 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 $338,956 (-2.8%) $694,519 (-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 $345,000 (-1.4%) $657,664 (-6.6%) 1.15 1,910
    2019-04-01 $337,275 (-5.0%) $667,250 (-5.8%) 1.07 1,880
    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 $349,949 (3.7%) $706,140 (-0.6%) 1.10 1,510
    2019-09-01 $352,400 (3.7%) $688,577 (-2.5%) 1.11 1,474
    2019-10-01 $354,500 (4.6%) $701,540 (1.0%) 1.14 1,431
    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 $341,085 (-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 (-2.0%) $649,568 (-1.2%) 1.06 1,674
    2020-04-01 $330,000 (-2.2%) $635,868 (-4.7%) 1.03 1,697
    2020-05-01 $329,900 (-1.9%) $640,578 (-5.6%) 1.00 1,613
    2020-06-01 $331,833 (-1.7%) $654,815 (-5.0%) 0.98 1,504
    2020-07-01 $339,000 (-0.3%) $645,829 (-6.8%) 0.98 1,401
    2020-08-01 $347,950 (-0.6%) $676,831 (-4.2%) 1.00 1,233
    2020-09-01 $343,600 (-2.5%) $689,217 (0.1%) 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 (20.3%) $860,422 (34.3%) 1.05 401
    2021-06-01 $389,950 (17.5%) $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%) $864,648 (-2.4%) 0.96 723
    2022-08-01 $414,988 (12.5%) $838,383 (-5.4%) 0.96 795
    2022-09-01 $417,450 (12.5%) $837,881 (1.7%) 0.98 818
    2022-10-01 $430,000 (7.9%) $859,800 (4.2%) 1.01 821
    2022-11-01 $430,950 (6.7%) $852,891 (-5.6%) 1.04 919
    2022-12-01 $430,000 (-0.2%) $883,299 (-10.6%) 1.06 954
    2023-01-01 $437,225 (1.9%) $881,207 (-8.6%) 1.08 997
    2023-02-01 $434,500 (8.1%) $994,959 (-1.1%) 1.05 1,048
    2023-03-01 $435,500 (9.1%) $1,043,282 (8.0%) 1.03 1,029
    2023-04-01 $446,000 (6.1%) $1,064,617 (19.5%) 1.04 1,008
    Sebastian's median listing price for 2023-04-01 was $446,000, a difference of $25,425 (6.1%) versus the prior year and $10,500 versus the prior month.

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

    Sebastian's average listing price for 2023-04-01 was $1,064,617, a difference of $173,965 (19.5%) versus the prior year and $21,335 versus the prior month.

    For the 2023-04-01 period, Sebastian had 1,008 MLS listings, a difference of -21 listings (-2%) versus the prior month and 621 listings (160%) 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 89 days 2,057 sqft
    2018-02-01 81 days 2,048 sqft
    2018-03-01 71 days 2,039 sqft
    2018-04-01 79 days 2,074 sqft
    2018-05-01 85 days 2,030 sqft
    2018-06-01 92 days 2,033 sqft
    2018-07-01 96 days 2,044 sqft
    2018-08-01 98 days 2,032 sqft
    2018-09-01 92 days 2,038 sqft
    2018-10-01 86 days 2,017 sqft
    2018-11-01 85 days 2,004 sqft
    2018-12-01 87 days 1,982 sqft
    2019-01-01 93 days 1,982 sqft
    2019-02-01 88 days 1,987 sqft
    2019-03-01 80 days 1,965 sqft
    2019-04-01 86 days 1,960 sqft
    2019-05-01 92 days 1,943 sqft
    2019-06-01 99 days 1,955 sqft
    2019-07-01 103 days 1,964 sqft
    2019-08-01 109 days 2,000 sqft
    2019-09-01 115 days 1,992 sqft
    2019-10-01 103 days 1,973 sqft
    2019-11-01 97 days 1,914 sqft
    2019-12-01 89 days 1,900 sqft
    2020-01-01 88 days 1,900 sqft
    2020-02-01 92 days 1,900 sqft
    2020-03-01 90 days 1,905 sqft
    2020-04-01 92 days 1,907 sqft
    2020-05-01 105 days 1,900 sqft
    2020-06-01 112 days 1,900 sqft
    2020-07-01 117 days 1,900 sqft
    2020-08-01 106 days 1,900 sqft
    2020-09-01 108 days 1,900 sqft
    2020-10-01 99 days 1,900 sqft
    2020-11-01 82 days 1,900 sqft
    2020-12-01 78 days 1,900 sqft
    2021-01-01 79 days 1,900 sqft
    2021-02-01 62 days 1,851 sqft
    2021-03-01 49 days 1,848 sqft
    2021-04-01 47 days 1,861 sqft
    2021-05-01 50 days 1,865 sqft
    2021-06-01 48 days 1,833 sqft
    2021-07-01 48 days 1,770 sqft
    2021-08-01 49 days 1,766 sqft
    2021-09-01 47 days 1,726 sqft
    2021-10-01 46 days 1,814 sqft
    2021-11-01 49 days 1,818 sqft
    2021-12-01 53 days 1,835 sqft
    2022-01-01 50 days 1,863 sqft
    2022-02-01 36 days 1,753 sqft
    2022-03-01 35 days 1,693 sqft
    2022-04-01 35 days 1,700 sqft
    2022-05-01 36 days 1,701 sqft
    2022-06-01 37 days 1,709 sqft
    2022-07-01 38 days 1,700 sqft
    2022-08-01 49 days 1,717 sqft
    2022-09-01 59 days 1,707 sqft
    2022-10-01 65 days 1,789 sqft
    2022-11-01 66 days 1,792 sqft
    2022-12-01 65 days 1,780 sqft
    2023-01-01 72 days 1,789 sqft
    2023-02-01 63 days 1,805 sqft
    2023-03-01 58 days 1,820 sqft
    2023-04-01 65 days 1,828 sqft
    Sebastian's median listing age (time on market) for 2023-04-01 was 65 days. This is 86% longer than the same period one year ago.

    Sebastian's median square footage for active listings during the 2023-04-01 period was 1,828 sqft. One year prior, the average listing was 1,700 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.