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%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 82 2.46% $4,850
Mortgage Research Center, LLC 79 2.84% $7,216
CALIBER HOME LOANS, INC. 66 2.68% $7,255
FREEDOM MORTGAGE CORPORATION 62 2.47% $2,522
PENNYMAC LOAN SERVICES, LLC 49 2.44% $5,743
DHI MORTGAGE COMPANY, LTD. 27 2.74% $7,199
UNITED WHOLESALE MORTGAGE, LLC 27 2.47% $5,375
NEW DAY FINANCIAL, LLC 24 2.62% $8,517
LAKEVIEW LOAN SERVICING, LLC 22 2.49% $2,336
NAVY FEDERAL CREDIT UNION 20 2.49% $4,396
USAA Federal Savings Bank 20 2.84% $4,887
MOVEMENT MORTGAGE, LLC 17 2.85% $4,514
LOANDEPOT.COM, LLC 17 2.53% $3,449
BAYSHORE MORTGAGE FUNDING, LLC 17 2.76% $8,513
FBC MORTGAGE, LLC 12 2.84% $3,968
Mr. Cooper ( Nationstar Mortgage ) 11 2.69% $3,602
CLEARPATH LENDING 8 2.25% $3,363
GUARANTEED RATE, INC. 8 2.89% $4,928
PLANET HOME LENDING, LLC 8 2.53% $1,759
VILLAGE CAPITAL MORTGAGE 7 2.50% $2,943
The Federal Savings Bank 7 2.55% $5,055
HARBORONE MORTGAGE, LLC 6 2.42% $5,424
THE MORTGAGE FIRM, INC. 6 2.85% $5,079
North American Savings Bank, F.S.B. 6 2.44% $9,338
NEWREZ LLC 6 2.52% $4,973
RADIUS FINANCIAL GROUP INC. 5 2.79% $5,118
AMERISAVE MORTGAGE CORPORATION 5 2.63% $4,916
PNC Bank 5 2.83% $3,631
BROKER SOLUTIONS, INC. 5 2.58% $5,371
SHELTER MORTGAGE COMPANY, L.L.C. 4 3.12% $5,001
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 2.97% $10,306
PENTAGON FEDERAL CREDIT UNION 4 2.34% $3,411
CROSSCOUNTRY MORTGAGE, LLC 4 2.78% $10,989
HOME POINT FINANCIAL CORPORATION 4 2.50% $3,431
Wells Fargo Bank 4 2.66% $3,176
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 2.41% $11,031
EMM LOANS LLC 3 3.58% $12,520
InterContinental Capital Group, Inc 3 2.63% $6,624
AMERIFIRST FINANCIAL CORPORATION 3 3.50% $9,319
ACOPIA, LLC 3 3.17% $4,991
Barrington Bank & Trust Company, N.A. 3 2.86% $3,163
MUTUAL OF OMAHA MORTGAGE, INC. 3 2.38% $3,429
GROUP ONE MORTGAGE, INC. 3 2.96% $9,106
BNC National Bank 3 2.25% $4,794
Mortgage Lenders Investment Trading Corporation 2 3.63% $2,505
CONTOUR MORTGAGE CORPORATION 2 3.38% $14,721
DYBN FINANCIAL CORP. 2 2.81% $7,216
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 2.25% $3,352
ACADEMY MORTGAGE CORPORATION 2 3.00% $4,934
Paramount Residential Mortgage Group, Inc. 2 3.13% $11,485
AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.88% $9,902
First Guaranty Mortgage Corporation 2 2.56% $2,558
PULTE MORTGAGE LLC 2 2.88% $4,811
Seacoast National Bank 2 2.56% $6,900
ABSOLUTE HOME MORTGAGE CORPORATION 2 2.75% $3,925
SWBC MORTGAGE CORPORATION 2 3.88% $8,079
Truist 2 2.50% $4,269
UNION HOME MORTGAGE CORP. 2 2.50% $4,874
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.94% $6,208
Carrington Mortgage Services, LLC 2 4.25% $9,971
City National Bank of Florida 2 2.25% $11,810
CityWorth Mortgage LLC 2 2.31% $6,017
Low VA Rates, LLC 2 2.25% $2,015
Mid-Continent Funding, Inc. 2 2.44% $6,764
AMERICAN FINANCIAL NETWORK, INC. 2 3.00% $10,900
SOVEREIGN LENDING GROUP INCORPORATED 1 2.25% $1,753
ACCELERATE MORTGAGE, LLC 1 1.75% $9,481
AMERICAN FINANCING CORPORATION 1 2.25% $13,426
AmeriHome Mortgage Company, LLC 1 2.75% $3,765
Arbor Bank 1 2.75% $7,462
Armed Forces Bank 1 2.50% $7,301
ASPIRE FINANCIAL, INC. 1 2.25% $3,245
BAY CAPITAL MORTGAGE CORPORATION 1 3.25% $3,940
BAY EQUITY LLC 1 3.00% $4,540
Capital Bank 1 2.37% $2,847
CMG MORTGAGE, INC. 1 2.75% $4,756
Equity Prime Mortgage LLC 1 4.00% $8,541
EVERETT FINANCIAL, INC. 1 2.63% $2,936
First Federal Bank 1 2.75% $5,270
First Mortgage Solutions, LLC 1 2.50% $2,176
FIRST SAVINGS MORTGAGE CORPORATION 1 2.75% $3,224
Flagstar Bank, FSB 1 2.75% $6,254
Gateway First Bank 1 2.63% $8,041
Goldwater Bank, N.A. 1 2.50% $64,945
GREENWAY MORTGAGE FUNDING CORP. 1 2.50% $7,301
GUARANTEED RATE AFFINITY, LLC 1 2.88% $9,425
HomePromise Corporation 1 2.75% $16,707
IMPAC MORTGAGE CORP. 1 2.38% $0
KS StateBank 1 2.25% $511
LADERA LENDING, INC. 1 2.13% $4,780
Lakeview Community Capital, LLC 1 3.25% $962
LOANPAL, LLC 1 2.25% $7,830
MILEND, INC. 1 3.13% $3,624
Nations Lending Corporation 1 3.00% $3,242
NATIONWIDE MORTGAGE BANKERS, INC. 1 2.88% $16,703
NBKC BANK 1 2.75% $1,682
NEW FED MORTGAGE, CORP. 1 2.50% $14,506
Northpointe Bank 1 2.88% $1,983
NORWICH COMMERCIAL GROUP, INC. 1 2.75% $3,648
Paramount Bank 1 2.75% $8,860
PHH Mortgage Corporation 1 2.50% $10,387
Plains Commerce Bank 1 3.00% $4,422
PLAZA HOME MORTGAGE, INC. 1 2.63% $10,378
PREMIA MORTGAGE, LLC 1 2.25% $1,524
Presidential Bank, FSB 1 2.50% $4,062
SOUTHERN TRUST MORTGAGE, LLC 1 2.25% $20,431
South State Bank 1 2.38% $9,341
SRE MORTGAGE ALLIANCE INC. 1 2.25% $2,937
STEARNS LENDING, LLC 1 2.75% $10,809
SUN WEST MORTGAGE COMPANY, INC. 1 2.38% $2,771
TOTAL MORTGAGE SERVICES, LLC 1 3.13% $10,893
U.S. Bank 1 2.75% $13,128

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. 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 $338,456 (-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 for 2022-12-01 was $425,000, a difference of $-2,000 (-0.5%) versus the prior year and $-4,450 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-12-01 was 66 days. This is 21% longer than the same period one year ago.

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.

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.