Sebring VA Loan Rates, Closing Costs & Stats

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 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 6.89% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

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

The average rate for the prior week (2024-05-10) was 6.9% and one month ago for the week of 2024-04-12, the average rate was 6.68%.

The average rate one year ago was 6.19%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.6%.

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
2024-04-01 $311,700 (5.7%) $361,028 (-1.4%) 0.00 678
Sebring's median listing price for 2024-04-01 was $311,700, a difference of $16,700 (5.7%) versus the prior year and $-3,000 versus the prior month.

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

Sebring's average listing price for 2024-04-01 was $361,028, a difference of $-5,083 (-1.4%) versus the prior year and $880 versus the prior month.

For the 2024-04-01 period, Sebring had 678 MLS listings, a difference of 7 listings (1%) 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 1,642 sqft
2024-03-01 0 days 1,620 sqft
2024-04-01 0 days 1,604 sqft
Sebring's median listing age (time on market) for 2024-04-01 was 0 days.

Sebring's median square footage for active listings during the 2024-04-01 period was 1,604 sqft. One year prior, the average listing was 1,553 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.