Sebastian VA Loans

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 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.