Sebring VA Loans

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 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.