Sebring VA Loan Rates, Closing Costs & Stats

SEBRING-AVON PARK, 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.

    Sebring's 49 lenders originated 203 VA loans during 2023. The total origination value was $53,995,000, with an average VA loan value of $265,985.

    Sebring VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sebring averaged 6.79% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Sebring's average VA mortgage closing costs are $5,481.

    The average rate for the prior week (2024-07-12) was 6.54% and one month ago for the week of 2024-06-14, the average rate was 6.5%.

    The average rate one year ago was 7.08%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.3%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Sebring level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 49 6.72% $7,145
    METROPLEX MORTGAGE SERVICES, INC. 18 6.70% $5,990
    UNITED WHOLESALE MORTGAGE, LLC 17 6.66% $7,201
    QUICKEN LOANS, LLC 13 6.37% $11,781
    LEADERONE FINANCIAL CORPORATION 13 6.69% $9,361
    NEW DAY FINANCIAL, LLC 6 7.54% $13,632
    FREEDOM MORTGAGE CORPORATION 5 6.28% $16,914
    VILLAGE CAPITAL MORTGAGE 4 5.88% $7,781
    LOANDEPOT.COM, LLC 4 6.40% $10,604
    USAA Federal Savings Bank 4 6.72% $6,559
    HOME SOLUTION LENDERS INC. 3 5.33% $13,798
    NAVY FEDERAL CREDIT UNION 3 6.21% $2,692
    NEWREZ LLC 3 6.83% $5,913
    Bell Bank 3 6.08% $5,340
    THE MORTGAGE FIRM, INC. 2 6.38% $11,608
    CALIBER HOME LOANS, INC. 2 5.63% $8,813
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.38% $7,582
    Mid-Continent Funding, Inc. 2 5.75% $8,020
    LOANPAL, LLC 2 6.19% $15,902
    FBC MORTGAGE, LLC 2 5.19% $7,951
    Mr. Cooper ( Nationstar Mortgage ) 2 6.63% $18,333
    Plains Commerce Bank 1 6.63% $7,142
    South State Bank 1 5.63% $7,938
    The Federal Savings Bank 1 5.63% $21,557
    The Huntington National Bank 1 7.75% $22,084
    Truist 1 6.25% $2,615
    UNION HOME MORTGAGE CORP. 1 7.13% $8,520
    ACADEMY MORTGAGE CORPORATION 1 6.50% $7,832
    Waterstone Mortgage Corporation 1 6.63% $8,122
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $3,427
    Bank of England 1 7.00% $2,331
    Barrington Bank & Trust Company, N.A. 1 6.25% $11,362
    CARDINAL FINANCIAL 1 5.99% $11,492
    CROSSCOUNTRY MORTGAGE, LLC 1 6.63% $7,061
    Equity Prime Mortgage LLC 1 7.25% $28,935
    GENEVA FINANCIAL, LLC 1 6.75% $2,479
    GUARANTEED RATE, INC. 1 5.70% $2,323
    HOMESIDE FINANCIAL, LLC 1 6.75% $8,167
    LADERA LENDING, INC. 1 6.25% $18,876
    Lakeview Community Capital, LLC 1 6.63% $10,254
    Midwest Mortgage Associates Corporation 1 7.63% $9,088
    MORTGAGEONE, INC. 1 7.00% $370
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $9,664
    MOVEMENT MORTGAGE, LLC 1 7.75% $3,408
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $6,964
    NBH Bank 1 7.25% $10,778
    NFM, INC. 1 7.38% $15,609
    Paramount Residential Mortgage Group, Inc. 1 5.25% $7,930
    PENTAGON FEDERAL CREDIT UNION 1 6.88% $16,262

    The top Sebring VA lender as defined by loan originations is Mortgage Research Center, LLC, with 49 VA loans originated. Their average total fees are $7,145, which is $1,155 higher than the next largest lender, METROPLEX MORTGAGE SERVICES, INC..

    The lowest fee Sebring VA lenders (with over 10 loans originated) are METROPLEX MORTGAGE SERVICES, INC. ($5,990), Mortgage Research Center, LLC ($7,145), UNITED WHOLESALE MORTGAGE, LLC ($7,201), LEADERONE FINANCIAL CORPORATION ($9,361) and QUICKEN LOANS, LLC ($11,781).

    The lowest rate Sebring VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.37%), UNITED WHOLESALE MORTGAGE, LLC (6.66%), LEADERONE FINANCIAL CORPORATION (6.69%), METROPLEX MORTGAGE SERVICES, INC. (6.70%) and Mortgage Research Center, LLC (6.72%).

    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.