Sebastian VA Loan Rates, Closing Costs & Stats

Sebastian-Vero Beach, FL

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    • 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 67 lenders originated 256 VA loans during 2023. The total origination value was $93,320,000, with an average VA loan value of $364,531.

    Sebastian VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sebastian averaged 6.89% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Sebastian's average VA mortgage closing costs are $6,466.

    The average rate for the prior week (2024-04-12) was 6.82% and one month ago for the week of 2024-03-15, the average rate was 6.68%.

    The average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 39 6.51% $10,556
    UNITED WHOLESALE MORTGAGE, LLC 22 5.95% $8,593
    QUICKEN LOANS, LLC 19 6.26% $12,961
    BAYSHORE MORTGAGE FUNDING, LLC 11 6.52% $13,521
    NAVY FEDERAL CREDIT UNION 10 5.78% $8,367
    DHI MORTGAGE COMPANY, LTD. 10 5.25% $6,307
    NEW DAY FINANCIAL, LLC 10 7.54% $15,697
    CARDINAL FINANCIAL 9 6.38% $12,906
    FREEDOM MORTGAGE CORPORATION 8 6.44% $20,296
    USAA Federal Savings Bank 7 6.38% $9,945
    EVERETT FINANCIAL, INC. 5 6.58% $6,887
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.63% $9,715
    CALIBER HOME LOANS, INC. 4 5.88% $7,857
    MOVEMENT MORTGAGE, LLC 4 6.38% $5,387
    LOANDEPOT.COM, LLC 3 5.71% $12,213
    TOTAL MORTGAGE SERVICES, LLC 3 5.63% $13,875
    CROSSCOUNTRY MORTGAGE, LLC 3 6.21% $6,288
    EAGLE HOME MORTGAGE, LLC 3 6.08% $3,416
    NEWREZ LLC 3 6.25% $14,396
    ACADEMY MORTGAGE CORPORATION 2 7.00% $9,908
    AMERISAVE MORTGAGE CORPORATION 2 5.94% $17,949
    CMG MORTGAGE, INC. 2 5.88% $10,869
    FBC MORTGAGE, LLC 2 6.31% $7,049
    GUARANTEED RATE AFFINITY, LLC 2 7.00% $9,360
    GUARANTEED RATE, INC. 2 6.26% $6,368
    HOMESIDE FINANCIAL, LLC 2 6.25% $10,313
    LAKEVIEW LOAN SERVICING, LLC 2 5.75% $12,850
    Mid-Continent Funding, Inc. 2 6.31% $8,805
    PENNYMAC LOAN SERVICES, LLC 2 6.25% $7,266
    Prosperity Home Mortgage, LLC 2 5.75% $27,648
    SWBC MORTGAGE CORPORATION 2 6.63% $13,358
    LEGEND LENDING CORPORATION 1 6.88% $19,089
    EMBRACE HOME LOANS, INC. 1 3.88% $17,634
    METROPLEX MORTGAGE SERVICES, INC. 1 6.63% $4,459
    MICHIGAN MUTUAL, INC. 1 7.13% $5,422
    MID AMERICA MORTGAGE, INC. 1 6.88% $30,059
    ACOPIA, LLC 1 6.25% $5,810
    Community First National Bank 1 5.75% $8,303
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.63% $0
    BROKER SOLUTIONS, INC. 1 5.75% $19,218
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $29,044
    BAY EQUITY LLC 1 6.75% $4,259
    BAY CAPITAL MORTGAGE CORPORATION 1 6.75% $13,206
    Barrington Bank & Trust Company, N.A. 1 5.75% $4,718
    NFM, INC. 1 6.63% $16,760
    NORTHPOINT MORTGAGE, INC. 1 5.75% $3,530
    NVR Mortgage Finance, Inc. 1 5.75% $7,401
    ON Q FINANCIAL, INC. 1 7.75% $2,381
    Paramount Residential Mortgage Group, Inc. 1 5.25% $6,381
    VILLAGE CAPITAL MORTGAGE 1 7.13% $12,622
    PENTAGON FEDERAL CREDIT UNION 1 5.38% $7,787
    PLAZA HOME MORTGAGE, INC. 1 6.25% $20,333
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $7,015
    WATSON MORTGAGE CORP. 1 7.13% $6,641
    PULTE MORTGAGE LLC 1 5.50% $3,885
    Bank of Springfield 1 6.63% $5,536
    RELIANCE FIRST CAPITAL, LLC 1 6.63% $15,777
    Service Federal Credit Union 1 5.75% $862
    Equity Prime Mortgage LLC 1 6.25% $9,253
    FAIR WAY LENDING LLC 1 7.25% $5,864
    South State Bank 1 5.99% $19,028
    EMM LOANS LLC 1 7.50% $13,975
    Wells Fargo Bank 1 6.38% $7,491
    The Federal Savings Bank 1 5.75% $28,731
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $4,841
    JPMorgan Chase Bank 1 5.75% $2,490
    American Mortgage & Equity Consultants, Inc. 1 6.75% $5,791

    The top Sebastian VA lender as defined by loan originations is Mortgage Research Center, LLC, with 39 VA loans originated. Their average total fees are $10,556, which is $1,963 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Sebastian VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($6,307), NAVY FEDERAL CREDIT UNION ($8,367), UNITED WHOLESALE MORTGAGE, LLC ($8,593), Mortgage Research Center, LLC ($10,556) and QUICKEN LOANS, LLC ($12,961).

    The lowest rate Sebastian VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.25%), NAVY FEDERAL CREDIT UNION (5.78%), UNITED WHOLESALE MORTGAGE, LLC (5.95%), QUICKEN LOANS, LLC (6.26%) and Mortgage Research Center, LLC (6.51%).

    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
    2024-02-01 $475,000 (9.3%) $991,392 (-0.4%) 1.14 1,531
    2024-03-01 $460,000 (5.6%) $975,144 (-6.5%) 1.08 1,608
    Sebastian's median listing price for 2024-03-01 was $460,000, a difference of $24,250 (5.6%) versus the prior year and $-15,000 versus the prior month.

    Sebastian's median listing price comes in at 108% of the national average.

    Sebastian's average listing price for 2024-03-01 was $975,144, a difference of $-67,755 (-6.5%) versus the prior year and $-16,248 versus the prior month.

    For the 2024-03-01 period, Sebastian had 1,608 MLS listings, a difference of 77 listings (5%) versus the prior month and 579 listings (56%) 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 2,041 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
    2024-02-01 65 days 1,780 sqft
    2024-03-01 63 days 1,779 sqft
    Sebastian's median listing age (time on market) for 2024-03-01 was 63 days. This is 11% longer than the same period one year ago.

    Sebastian's median square footage for active listings during the 2024-03-01 period was 1,779 sqft. One year prior, the average listing was 1,821 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.