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.