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 112 lenders originated 848 VA loans during 2021. The total origination value was $231,880,000, with an average VA loan value of $273,443.
Sebastian VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Sebastian
averaged
6.51%
for the week of 2023-01-27, compared to the national average (all VA variants) of
5.952% for the same period.
Sebastian's average VA mortgage closing costs are $5,446.
The average rate for the prior week (2023-01-20) was
6.15% and
one month ago for the week of 2022-12-23, the
average rate was 6.52%.
The average rate one year ago was 3.81%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.27%.
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.
The top Sebastian VA lender as defined by loan originations is QUICKEN LOANS, LLC, with
82 VA loans originated. Their average total fees are
$4,850, which is $2,366
lower than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Sebastian VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,336), FREEDOM MORTGAGE CORPORATION ($2,522), LOANDEPOT.COM, LLC ($3,449), Mr. Cooper ( Nationstar Mortgage ) ($3,602) and FBC MORTGAGE, LLC ($3,968).
The lowest rate Sebastian VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (2.44%), QUICKEN LOANS, LLC (2.46%), UNITED WHOLESALE MORTGAGE, LLC (2.47%), FREEDOM MORTGAGE CORPORATION (2.47%) and NAVY FEDERAL CREDIT UNION (2.49%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sebastian (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | $338,456 (-3.0%) | $693,890 (-3.7%) | 1.14 | 1,581 |
2018-11-01 | $339,150 (-3.1%) | $685,155 (-7.1%) | 1.15 | 1,697 |
2018-12-01 | $339,000 (-3.1%) | $676,798 (-5.3%) | 1.17 | 1,762 |
2019-01-01 | $343,498 (-2.8%) | $678,488 (-3.9%) | 1.19 | 1,779 |
2019-02-01 | $348,900 (-0.2%) | $665,105 (-5.2%) | 1.18 | 1,920 |
2019-03-01 | $342,957 (-2.0%) | $660,746 (-6.1%) | 1.12 | 1,923 |
2019-04-01 | $338,007 (-4.8%) | $666,919 (-5.9%) | 1.07 | 1,881 |
2019-05-01 | $335,698 (-1.3%) | $678,011 (-2.5%) | 1.05 | 1,797 |
2019-06-01 | $337,000 (0.6%) | $688,312 (1.6%) | 1.05 | 1,628 |
2019-07-01 | $340,000 (1.1%) | $692,481 (-1.1%) | 1.06 | 1,558 |
2019-08-01 | $344,182 (2.0%) | $693,077 (-2.5%) | 1.09 | 1,512 |
2019-09-01 | $347,455 (2.2%) | $694,344 (-1.7%) | 1.11 | 1,470 |
2019-10-01 | $354,000 (4.6%) | $699,894 (0.9%) | 1.14 | 1,442 |
2019-11-01 | $340,000 (0.3%) | $656,768 (-4.1%) | 1.11 | 1,578 |
2019-12-01 | $340,705 (0.5%) | $650,138 (-3.9%) | 1.14 | 1,605 |
2020-01-01 | $340,048 (-1.0%) | $653,353 (-3.7%) | 1.14 | 1,637 |
2020-02-01 | $339,998 (-2.6%) | $651,492 (-2.1%) | 1.11 | 1,668 |
2020-03-01 | $332,500 (-3.1%) | $648,377 (-1.9%) | 1.04 | 1,679 |
2020-04-01 | $329,900 (-2.4%) | $634,728 (-4.8%) | 1.03 | 1,702 |
2020-05-01 | $329,000 (-2.0%) | $639,351 (-5.7%) | 1.00 | 1,618 |
2020-06-01 | $330,000 (-2.1%) | $653,463 (-5.1%) | 0.97 | 1,509 |
2020-07-01 | $335,875 (-1.2%) | $644,442 (-6.9%) | 0.97 | 1,407 |
2020-08-01 | $345,000 (0.2%) | $675,283 (-2.6%) | 0.99 | 1,239 |
2020-09-01 | $342,000 (-1.6%) | $687,270 (-1.0%) | 0.98 | 1,100 |
2020-10-01 | $345,000 (-2.5%) | $694,493 (-0.8%) | 0.99 | 1,021 |
2020-11-01 | $347,725 (2.3%) | $701,991 (6.9%) | 1.02 | 1,004 |
2020-12-01 | $347,053 (1.9%) | $714,999 (10.0%) | 1.03 | 934 |
2021-01-01 | $349,900 (2.9%) | $701,541 (7.4%) | 1.04 | 834 |
2021-02-01 | $344,000 (1.2%) | $721,509 (10.8%) | 1.00 | 663 |
2021-03-01 | $349,245 (5.0%) | $737,238 (13.7%) | 0.99 | 557 |
2021-04-01 | $363,750 (10.3%) | $771,605 (21.6%) | 0.98 | 505 |
2021-05-01 | $395,000 (20.1%) | $853,996 (33.6%) | 1.05 | 408 |
2021-06-01 | $389,225 (18.0%) | $912,645 (39.7%) | 1.02 | 390 |
2021-07-01 | $359,725 (7.1%) | $877,154 (36.1%) | 0.95 | 401 |
2021-08-01 | $366,625 (6.3%) | $876,627 (29.8%) | 0.98 | 412 |
2021-09-01 | $369,275 (8.0%) | $815,668 (18.7%) | 0.98 | 444 |
2021-10-01 | $395,990 (14.8%) | $816,510 (17.6%) | 1.06 | 412 |
2021-11-01 | $399,500 (14.9%) | $894,656 (27.5%) | 1.07 | 400 |
2021-12-01 | $427,000 (23.0%) | $978,060 (36.8%) | 1.16 | 365 |
2022-01-01 | $424,950 (21.5%) | $954,363 (36.0%) | 1.15 | 335 |
2022-02-01 | $399,000 (16.0%) | $994,519 (37.8%) | 1.04 | 342 |
2022-03-01 | $397,000 (13.7%) | $955,690 (29.6%) | 0.99 | 349 |
2022-04-01 | $419,945 (15.5%) | $881,032 (14.2%) | 1.00 | 393 |
2022-05-01 | $425,000 (7.6%) | $902,398 (5.7%) | 0.97 | 471 |
2022-06-01 | $426,118 (9.5%) | $829,912 (-9.1%) | 0.95 | 578 |
2022-07-01 | $424,950 (18.1%) | $860,299 (-1.9%) | 0.96 | 729 |
2022-08-01 | $413,788 (12.9%) | $834,635 (-4.8%) | 0.96 | 801 |
2022-09-01 | $415,000 (12.4%) | $834,284 (2.3%) | 0.97 | 824 |
2022-10-01 | $429,450 (8.5%) | $856,021 (4.8%) | 1.01 | 827 |
2022-11-01 | $429,450 (7.5%) | $849,412 (-5.1%) | 1.03 | 925 |
2022-12-01 | $425,000 (-0.5%) | $874,825 (-10.6%) | 1.06 | 967 |
Sebastian's median listing price comes in at 106% of the national average.
Sebastian's average listing price for 2022-12-01 was $874,825, a difference of $-103,235 (-10.6%) versus the prior year and $25,413 versus the prior month.
For the 2022-12-01 period, Sebastian had 967 MLS listings, a difference of 42 listings (5%) versus the prior month and 602 listings (165%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sebastian (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 89 days | 2,064 sqft |
2018-02-01 | 81 days | 2,055 sqft |
2018-03-01 | 71 days | 2,054 sqft |
2018-04-01 | 79 days | 2,100 sqft |
2018-05-01 | 85 days | 2,047 sqft |
2018-06-01 | 92 days | 2,042 sqft |
2018-07-01 | 96 days | 2,050 sqft |
2018-08-01 | 98 days | 2,043 sqft |
2018-09-01 | 92 days | 2,048 sqft |
2018-10-01 | 86 days | 2,033 sqft |
2018-11-01 | 85 days | 2,030 sqft |
2018-12-01 | 87 days | 2,005 sqft |
2019-01-01 | 93 days | 2,006 sqft |
2019-02-01 | 88 days | 2,001 sqft |
2019-03-01 | 85 days | 1,989 sqft |
2019-04-01 | 86 days | 1,974 sqft |
2019-05-01 | 92 days | 1,957 sqft |
2019-06-01 | 99 days | 1,961 sqft |
2019-07-01 | 103 days | 1,970 sqft |
2019-08-01 | 101 days | 1,975 sqft |
2019-09-01 | 102 days | 1,978 sqft |
2019-10-01 | 103 days | 1,980 sqft |
2019-11-01 | 99 days | 1,914 sqft |
2019-12-01 | 89 days | 1,900 sqft |
2020-01-01 | 88 days | 1,901 sqft |
2020-02-01 | 93 days | 1,900 sqft |
2020-03-01 | 90 days | 1,906 sqft |
2020-04-01 | 92 days | 1,910 sqft |
2020-05-01 | 105 days | 1,900 sqft |
2020-06-01 | 112 days | 1,900 sqft |
2020-07-01 | 118 days | 1,900 sqft |
2020-08-01 | 107 days | 1,900 sqft |
2020-09-01 | 109 days | 1,900 sqft |
2020-10-01 | 100 days | 1,900 sqft |
2020-11-01 | 83 days | 1,900 sqft |
2020-12-01 | 78 days | 1,900 sqft |
2021-01-01 | 79 days | 1,900 sqft |
2021-02-01 | 63 days | 1,852 sqft |
2021-03-01 | 50 days | 1,849 sqft |
2021-04-01 | 49 days | 1,865 sqft |
2021-05-01 | 50 days | 1,866 sqft |
2021-06-01 | 49 days | 1,836 sqft |
2021-07-01 | 49 days | 1,776 sqft |
2021-08-01 | 50 days | 1,793 sqft |
2021-09-01 | 48 days | 1,738 sqft |
2021-10-01 | 47 days | 1,815 sqft |
2021-11-01 | 49 days | 1,822 sqft |
2021-12-01 | 55 days | 1,842 sqft |
2022-01-01 | 50 days | 1,868 sqft |
2022-02-01 | 36 days | 1,765 sqft |
2022-03-01 | 36 days | 1,696 sqft |
2022-04-01 | 36 days | 1,700 sqft |
2022-05-01 | 37 days | 1,705 sqft |
2022-06-01 | 37 days | 1,712 sqft |
2022-07-01 | 39 days | 1,700 sqft |
2022-08-01 | 50 days | 1,718 sqft |
2022-09-01 | 59 days | 1,709 sqft |
2022-10-01 | 66 days | 1,789 sqft |
2022-11-01 | 66 days | 1,793 sqft |
2022-12-01 | 66 days | 1,780 sqft |
Sebastian's median square footage for active listings during the 2022-12-01 period was 1,780 sqft. One year prior, the average listing was 1,842 sqft.