Sebastian VA Loans

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 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 5.37% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.33% and one month ago for the week of 2022-07-01, the average rate was 5.75%.

The average rate one year ago was 3.23%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.33%.

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 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. Total Fees
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 & INVESTMENT LLC 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 Bank 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%).

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.