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 6.85% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.88% and one month ago for the week of 2024-03-15, the average rate was 6.84%.

    The average rate one year ago was 6.23%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sebring (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 $174,900 (1.6%) $206,309 (-5.6%) 0.00 550
    2018-02-01 $179,450 (2.6%) $214,871 (-2.8%) 0.00 562
    2018-03-01 $179,000 (2.6%) $217,322 (-1.1%) 0.00 537
    2018-04-01 $175,675 (0.4%) $218,815 (-2.1%) 0.00 533
    2018-05-01 $179,000 (2.3%) $223,195 (-0.4%) 0.00 512
    2018-06-01 $186,500 (4.3%) $231,946 (2.4%) 0.00 497
    2018-07-01 $193,350 (13.8%) $240,071 (8.8%) 0.00 504
    2018-08-01 $188,500 (11.4%) $232,906 (7.9%) 0.00 523
    2018-09-01 $185,000 (5.8%) $222,439 (2.0%) 0.00 564
    2018-10-01 $179,950 (5.2%) $221,921 (2.7%) 0.00 577
    2018-11-01 $184,950 (5.8%) $233,047 (8.8%) 0.00 595
    2018-12-01 $186,000 (9.5%) $238,600 (15.9%) 0.00 660
    2019-01-01 $185,450 (6.0%) $238,202 (15.5%) 0.00 653
    2019-02-01 $184,950 (3.1%) $240,888 (12.1%) 0.00 683
    2019-03-01 $184,943 (3.3%) $237,751 (9.4%) 0.00 670
    2019-04-01 $186,000 (5.9%) $237,401 (8.5%) 0.00 631
    2019-05-01 $185,000 (3.4%) $235,440 (5.5%) 0.00 605
    2019-06-01 $189,000 (1.3%) $233,407 (0.6%) 0.00 535
    2019-07-01 $186,225 (-3.7%) $231,505 (-3.6%) 0.00 521
    2019-08-01 $185,427 (-1.6%) $230,851 (-0.9%) 0.00 526
    2019-09-01 $182,318 (-1.5%) $231,209 (3.9%) 0.00 528
    2019-10-01 $179,900 (0.0%) $231,339 (4.2%) 0.00 538
    2019-11-01 $184,900 (0.0%) $230,672 (-1.0%) 0.00 542
    2019-12-01 $189,900 (2.1%) $239,071 (0.2%) 0.00 543
    2020-01-01 $194,222 (4.7%) $244,578 (2.7%) 0.00 515
    2020-02-01 $191,947 (3.8%) $237,999 (-1.2%) 0.00 536
    2020-03-01 $194,925 (5.4%) $238,920 (0.5%) 0.00 546
    2020-04-01 $185,000 (-0.5%) $229,218 (-3.5%) 0.00 533
    2020-05-01 $185,000 (0.0%) $229,652 (-2.5%) 0.00 471
    2020-06-01 $182,313 (-3.5%) $228,868 (-1.9%) 0.00 431
    2020-07-01 $187,750 (0.8%) $225,263 (-2.7%) 0.00 376
    2020-08-01 $194,900 (5.1%) $234,392 (1.5%) 0.00 340
    2020-09-01 $197,725 (8.5%) $240,907 (4.2%) 0.00 308
    2020-10-01 $185,450 (3.1%) $236,656 (2.3%) 0.00 294
    2020-11-01 $198,250 (7.2%) $242,762 (5.2%) 0.00 286
    2020-12-01 $198,450 (4.5%) $247,079 (3.4%) 0.00 293
    2021-01-01 $195,000 (0.4%) $255,166 (4.3%) 0.00 304
    2021-02-01 $199,900 (4.1%) $255,159 (7.2%) 0.00 288
    2021-03-01 $216,950 (11.3%) $267,155 (11.8%) 0.00 262
    2021-04-01 $208,675 (12.8%) $285,775 (24.7%) 0.00 208
    2021-05-01 $224,950 (21.6%) $296,262 (29.0%) 0.00 197
    2021-06-01 $224,950 (23.4%) $4,352,803 (1,801.9%) 0.00 196
    2021-07-01 $234,900 (25.1%) $3,840,152 (1,604.7%) 0.00 238
    2021-08-01 $249,925 (28.2%) $319,245 (36.2%) 0.00 256
    2021-09-01 $252,450 (27.7%) $319,617 (32.7%) 0.00 246
    2021-10-01 $249,900 (34.8%) $316,764 (33.9%) 0.00 260
    2021-11-01 $269,900 (36.1%) $334,904 (38.0%) 0.00 241
    2021-12-01 $264,950 (33.5%) $339,649 (37.5%) 0.00 233
    2022-01-01 $269,990 (38.5%) $344,225 (34.9%) 0.00 222
    2022-02-01 $276,175 (38.2%) $363,365 (42.4%) 0.00 212
    2022-03-01 $284,950 (31.3%) $391,410 (46.5%) 0.00 210
    2022-04-01 $279,900 (34.1%) $371,756 (30.1%) 0.00 254
    2022-05-01 $287,000 (27.6%) $374,768 (26.5%) 0.00 281
    2022-06-01 $292,159 (29.9%) $363,349 (-91.7%) 0.00 310
    2022-07-01 $289,634 (23.3%) $359,049 (-90.7%) 0.00 366
    2022-08-01 $297,250 (18.9%) $356,682 (11.7%) 0.00 382
    2022-09-01 $298,555 (18.3%) $349,527 (9.4%) 0.00 402
    2022-10-01 $299,000 (19.7%) $360,139 (13.7%) 0.00 391
    2022-11-01 $291,220 (7.9%) $360,931 (7.8%) 0.00 412
    2022-12-01 $283,900 (7.2%) $354,804 (4.5%) 0.00 447
    2023-01-01 $283,569 (5.0%) $359,836 (4.5%) 0.00 482
    2023-02-01 $286,875 (3.9%) $356,967 (-1.8%) 0.00 498
    2023-03-01 $289,350 (1.5%) $359,738 (-8.1%) 0.00 485
    2023-04-01 $295,000 (5.4%) $366,111 (-1.5%) 0.00 492
    2023-05-01 $299,900 (4.5%) $360,680 (-3.8%) 0.00 493
    2023-06-01 $301,026 (3.0%) $357,159 (-1.7%) 0.00 475
    2023-07-01 $300,000 (3.6%) $363,357 (1.2%) 0.00 469
    2023-08-01 $309,766 (4.2%) $362,018 (1.5%) 0.00 469
    2023-09-01 $299,900 (0.5%) $354,329 (1.4%) 0.00 500
    2023-10-01 $317,000 (6.0%) $373,308 (3.7%) 0.00 531
    2023-11-01 $320,000 (9.9%) $389,256 (7.9%) 0.00 564
    2023-12-01 $325,000 (14.5%) $378,879 (6.8%) 0.00 625
    2024-01-01 $329,900 (16.3%) $379,076 (5.4%) 0.00 648
    2024-02-01 $322,450 (12.4%) $367,682 (3.0%) 0.00 693
    2024-03-01 $314,700 (8.8%) $360,148 (0.1%) 0.00 671
    Sebring's median listing price for 2024-03-01 was $314,700, a difference of $25,350 (8.8%) versus the prior year and $-7,750 versus the prior month.

    Sebring's median listing price comes in at 0% of the national average.

    Sebring's average listing price for 2024-03-01 was $360,148, a difference of $410 (0.1%) versus the prior year and $-7,534 versus the prior month.

    For the 2024-03-01 period, Sebring had 671 MLS listings, a difference of -22 listings (-3%) versus the prior month and 186 listings (38%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sebring (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,241 sqft
    2018-02-01 0 days 2,272 sqft
    2018-03-01 0 days 2,248 sqft
    2018-04-01 0 days 2,236 sqft
    2018-05-01 0 days 2,229 sqft
    2018-06-01 0 days 2,244 sqft
    2018-07-01 0 days 2,253 sqft
    2018-08-01 0 days 2,237 sqft
    2018-09-01 0 days 2,202 sqft
    2018-10-01 0 days 2,225 sqft
    2018-11-01 0 days 2,232 sqft
    2018-12-01 0 days 1,640 sqft
    2019-01-01 0 days 1,644 sqft
    2019-02-01 0 days 1,647 sqft
    2019-03-01 0 days 1,650 sqft
    2019-04-01 0 days 1,655 sqft
    2019-05-01 0 days 1,623 sqft
    2019-06-01 0 days 1,650 sqft
    2019-07-01 0 days 1,638 sqft
    2019-08-01 0 days 1,641 sqft
    2019-09-01 0 days 1,636 sqft
    2019-10-01 0 days 1,630 sqft
    2019-11-01 0 days 1,622 sqft
    2019-12-01 0 days 1,652 sqft
    2020-01-01 0 days 1,679 sqft
    2020-02-01 0 days 1,655 sqft
    2020-03-01 0 days 1,638 sqft
    2020-04-01 0 days 1,595 sqft
    2020-05-01 0 days 1,596 sqft
    2020-06-01 0 days 1,574 sqft
    2020-07-01 0 days 1,603 sqft
    2020-08-01 0 days 1,563 sqft
    2020-09-01 0 days 1,575 sqft
    2020-10-01 0 days 1,574 sqft
    2020-11-01 0 days 1,570 sqft
    2020-12-01 0 days 1,570 sqft
    2021-01-01 0 days 1,568 sqft
    2021-02-01 0 days 1,572 sqft
    2021-03-01 0 days 1,619 sqft
    2021-04-01 0 days 1,601 sqft
    2021-05-01 0 days 1,600 sqft
    2021-06-01 0 days 1,582 sqft
    2021-07-01 0 days 1,630 sqft
    2021-08-01 0 days 1,649 sqft
    2021-09-01 0 days 1,642 sqft
    2021-10-01 0 days 1,592 sqft
    2021-11-01 0 days 1,641 sqft
    2021-12-01 0 days 1,629 sqft
    2022-01-01 0 days 1,644 sqft
    2022-02-01 0 days 1,627 sqft
    2022-03-01 0 days 1,625 sqft
    2022-04-01 0 days 1,591 sqft
    2022-05-01 0 days 1,551 sqft
    2022-06-01 0 days 1,570 sqft
    2022-07-01 0 days 1,525 sqft
    2022-08-01 0 days 1,564 sqft
    2022-09-01 0 days 1,585 sqft
    2022-10-01 0 days 1,583 sqft
    2022-11-01 0 days 1,581 sqft
    2022-12-01 0 days 1,546 sqft
    2023-01-01 0 days 1,536 sqft
    2023-02-01 0 days 1,539 sqft
    2023-03-01 0 days 1,539 sqft
    2023-04-01 0 days 1,553 sqft
    2023-05-01 0 days 1,566 sqft
    2023-06-01 0 days 1,567 sqft
    2023-07-01 0 days 1,569 sqft
    2023-08-01 0 days 1,609 sqft
    2023-09-01 0 days 1,633 sqft
    2023-10-01 0 days 1,652 sqft
    2023-11-01 0 days 1,662 sqft
    2023-12-01 0 days 1,661 sqft
    2024-01-01 0 days 1,665 sqft
    2024-02-01 0 days 1,641 sqft
    2024-03-01 0 days 1,620 sqft
    Sebring's median listing age (time on market) for 2024-03-01 was 0 days.

    Sebring's median square footage for active listings during the 2024-03-01 period was 1,620 sqft. One year prior, the average listing was 1,539 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.