Sebring VA Loans

SEBRING-AVON PARK, 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.

Sebring's 80 lenders originated 459 VA loans during 2021. The total origination value was $94,005,000, with an average VA loan value of $204,804.

Sebring VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sebring averaged 5.62% 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 5.57% and one month ago for the week of 2022-07-01, the average rate was 5.69%.

The average rate one year ago was 3.18%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.28%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Sebring 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 Sebring level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 59 2.58% $4,813
Mortgage Research Center, LLC 57 2.89% $6,186
FREEDOM MORTGAGE CORPORATION 28 2.54% $2,575
PENNYMAC LOAN SERVICES, LLC 22 2.70% $3,161
USAA Federal Savings Bank 20 2.89% $6,065
NEW DAY FINANCIAL, LLC 17 2.71% $4,558
UNITED WHOLESALE MORTGAGE, LLC 14 2.52% $4,201
NAVY FEDERAL CREDIT UNION 13 2.50% $3,811
CALIBER HOME LOANS, INC. 13 2.70% $6,830
METROPLEX MORTGAGE SERVICES, INC. 12 3.08% $5,625
CELEBRITY HOME LOANS, LLC 10 2.94% $6,663
VILLAGE CAPITAL & INVESTMENT LLC 8 2.50% $1,836
CROSSCOUNTRY MORTGAGE, LLC 8 2.89% $7,205
FBC MORTGAGE, LLC 7 2.91% $6,818
CLEARPATH LENDING 6 2.17% $3,536
Barrington Bank & Trust Company, N.A. 6 3.19% $3,365
Paramount Residential Mortgage Group, Inc. 6 3.40% $8,309
LOANDEPOT.COM, LLC 6 2.72% $5,444
Ameris Bank 5 2.65% $3,918
South State Bank 5 2.73% $4,911
Mr. Cooper ( Nationstar Mortgage ) 4 3.25% $1,586
Mid-Continent Funding, Inc. 4 2.94% $7,751
PLAZA HOME MORTGAGE, INC. 4 2.84% $6,248
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 2.66% $4,036
AMERISAVE MORTGAGE CORPORATION 3 3.21% $9,229
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 3.29% $5,033
NTFN, INC. 3 3.00% $5,331
PLANET HOME LENDING, LLC 3 2.38% $2,464
First Federal Bank 3 2.46% $8,814
THE MORTGAGE FIRM, INC. 3 2.50% $5,951
LAKEVIEW LOAN SERVICING, LLC 3 2.67% $3,571
Low VA Rates, LLC 3 2.25% $2,443
MUTUAL OF OMAHA MORTGAGE, INC. 3 2.63% $3,758
NEWREZ LLC 3 2.87% $2,821
Wells Fargo Bank 2 2.63% $7,363
AMERICAN FINANCING CORPORATION 2 2.44% $9,007
Bell Bank 2 2.69% $2,387
BROKER SOLUTIONS, INC. 2 2.50% $4,067
Citizens Bank 2 2.81% $2,386
Equity Prime Mortgage LLC 2 3.50% $2,880
First Guaranty Mortgage Corporation 2 2.50% $2,646
Paramount Bank 2 2.56% $2,552
PENTAGON FEDERAL CREDIT UNION 2 2.25% $3,526
The Federal Savings Bank 2 2.81% $6,011
Truist Bank 2 2.56% $2,868
UNION HOME MORTGAGE CORP. 2 2.25% $4,067
AMERICAN FINANCIAL NETWORK, INC. 2 3.50% $9,019
HOME POINT FINANCIAL CORPORATION 1 2.38% $4,987
GUARANTEED RATE, INC. 1 3.25% $6,020
NASA Federal Credit Union 1 2.50% $6,087
NATIONS DIRECT MORTGAGE, LLC 1 3.25% $9,400
GENEVA FINANCIAL, LLC 1 2.75% $5,376
NETWORK CAPITAL FUNDING CORPORATION 1 2.50% $1,246
FIRST COMMUNITY MORTGAGE, INC. 1 3.88% $10,923
DYBN FINANCIAL CORP. 1 3.00% $2,842
North American Savings Bank, F.S.B. 1 2.25% $1,938
DAS Acquisition Company, LLC 1 3.75% $12,729
AMERICAN FINANCIAL RESOURCES, INC. 1 4.25% $1,891
CRESCENT MORTGAGE COMPANY 1 2.75% $3,793
CMG MORTGAGE, INC. 1 2.75% $3,189
AmeriHome Mortgage Company, LLC 1 2.99% $2,558
Carrington Mortgage Services, LLC 1 2.88% $3,015
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.75% $4,365
PREFERRED LENDING SERVICES, LLC 1 3.25% $10,037
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.13% $14,350
Blue Ridge Bank 1 2.38% $3,852
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.50% $3,350
SOVEREIGN LENDING GROUP INCORPORATED 1 2.75% $1,997
Strong Home Mortgage, LLC 1 2.25% $3,485
Texana Bank 1 2.38% $2,444
AMERIFIRST FINANCIAL CORPORATION 1 2.38% $4,672
AmRes Corporation 1 3.25% $3,323
TOWNE MORTGAGE COMPANY 1 2.75% $3,461
VAN DYK MORTGAGE CORPORATION 1 2.88% $4,267
LOANPAL, LLC 1 2.88% $12,807
INTERCAP LENDING INC. 1 2.25% $1,125
Hometown Equity Mortgage, LLC 1 2.63% $6,700
HOMESTAR FINANCIAL CORPORATION 1 3.00% $1,905
HOMESPIRE MORTGAGE CORPORATION 1 3.88% $7,323
MOVEMENT MORTGAGE, LLC 1 2.75% $7,789

The top Sebring VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 59 VA loans originated. Their average total fees are $4,813, which is $1,374 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Sebring VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,575), PENNYMAC LOAN SERVICES, LLC ($3,161), NAVY FEDERAL CREDIT UNION ($3,811), UNITED WHOLESALE MORTGAGE, LLC ($4,201) and NEW DAY FINANCIAL, LLC ($4,558).

The lowest rate Sebring VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (2.50%), UNITED WHOLESALE MORTGAGE, LLC (2.52%), FREEDOM MORTGAGE CORPORATION (2.54%), QUICKEN LOANS, LLC (2.58%) and PENNYMAC LOAN SERVICES, LLC (2.70%).

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.