Tallahassee VA Loan Rates, Closing Costs & Stats

TALLAHASSEE, FL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    Tallahassee's 80 lenders originated 577 VA loans during 2024. The total origination value was $186,645,000, with an average VA loan value of $323,475.

    Tallahassee VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Tallahassee averaged 0.35% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Tallahassee's average VA mortgage closing costs are $6,634.

    The average rate for the prior week (2025-06-13) was 6.89% and one month ago for the week of 2025-05-16, the average rate was 6.85%.

    The average rate one year ago was 6.95%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.09%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Tallahassee 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 Tallahassee level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 100 6.36% $5,588
    UNITED WHOLESALE MORTGAGE, LLC 56 5.78% $8,905
    QUICKEN LOANS, LLC 38 6.07% $9,825
    LOANDEPOT.COM, LLC 29 6.38% $9,827
    University Bank 28 6.33% $5,802
    FREEDOM MORTGAGE CORPORATION 22 6.14% $10,193
    NAVY FEDERAL CREDIT UNION 20 5.89% $5,813
    MOVEMENT MORTGAGE, LLC 19 6.42% $7,984
    ServisFirst Bank 18 6.22% $7,615
    DHI MORTGAGE COMPANY, LTD. 18 5.31% $5,381
    VILLAGE CAPITAL MORTGAGE 15 5.79% $5,660
    USAA Federal Savings Bank 12 6.18% $8,645
    GMFS LLC 10 6.02% $6,430
    Ameris Bank 10 6.31% $7,349
    NEW DAY FINANCIAL, LLC 9 7.52% $13,148
    STOCKTON MORTGAGE CORPORATION 7 6.68% $8,043
    CROSSCOUNTRY MORTGAGE, LLC 7 6.69% $13,956
    Equity Prime Mortgage LLC 7 6.27% $8,768
    PENNYMAC LOAN SERVICES, LLC 7 5.55% $5,897
    BAY CAPITAL MORTGAGE CORPORATION 7 6.25% $7,403
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.44% $8,788
    NEWREZ LLC 5 6.33% $9,857
    Mid-Continent Funding, Inc. 4 6.13% $7,435
    UNION HOME MORTGAGE CORP. 4 6.28% $6,808
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.42% $5,395
    FIRST COMMUNITY MORTGAGE, INC. 3 6.62% $10,144
    VAN DYK MORTGAGE CORPORATION 3 6.58% $1,803
    DELMAR FINANCIAL COMPANY 3 6.42% $10,268
    Capital City Home Loans, LLC 3 6.58% $9,736
    PLAZA HOME MORTGAGE, INC. 3 6.58% $7,700
    PHH Mortgage Corporation 3 5.33% $5,889
    The Loan Store, Inc. 3 5.50% $8,300
    Wells Fargo Bank 2 6.25% $5,675
    Blue Ridge Bank 2 6.25% $7,607
    CARDINAL FINANCIAL 2 6.50% $8,806
    Carrington Mortgage Services, LLC 2 5.88% $13,452
    EMM LOANS LLC 2 6.19% $15,490
    EVERETT FINANCIAL, INC. 2 6.63% $15,727
    Flagstar Bank, FSB 2 5.56% $2,811
    Magnolia Bank 2 5.94% $24,851
    Mr. Cooper ( Nationstar Mortgage ) 2 6.69% $5,673
    NORWICH COMMERCIAL GROUP, INC. 2 6.25% $1,253
    The Federal Savings Bank 2 5.94% $24,659
    Truist 2 6.40% $5,539
    Tyndall Federal Credit Union 2 6.00% $6,925
    AMERISAVE MORTGAGE CORPORATION 1 7.75% $4,716
    Nations Lending Corporation 1 6.25% $14,419
    GUARANTEED RATE, INC. 1 6.13% $4,266
    NBKC BANK 1 5.88% $5,327
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $7,553
    GENEVA FINANCIAL, LLC 1 6.13% $13,677
    First Federal Bank 1 7.13% $6,326
    NFM, INC. 1 5.50% $5,522
    American Mortgage & Equity Consultants, Inc. 1 7.13% $4,030
    Paramount Residential Mortgage Group, Inc. 1 6.50% $7,507
    FirstBank 1 6.75% $5,238
    PENTAGON FEDERAL CREDIT UNION 1 5.75% $13,808
    ENVOY MORTGAGE, LTD 1 6.63% $10,829
    PLANET HOME LENDING, LLC 1 5.50% $5,232
    Encompass Lending Group, LP 1 6.13% $6,329
    PNC Bank 1 6.13% $4,141
    POINT Mortgage 1 7.13% $7,868
    Credence Funding Corporation 1 5.00% $4,529
    Seacoast National Bank 1 6.75% $7,433
    CMG MORTGAGE, INC. 1 5.63% $17,028
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $64
    CLEARPATH LENDING 1 5.25% $5,332
    AMERICAN FINANCING CORPORATION 1 7.25% $31,222
    City National Bank of Florida 1 6.63% $0
    TOWNE MORTGAGE COMPANY 1 6.25% $8,316
    Waterstone Mortgage Corporation 1 6.50% $12,043
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $19,208
    Citizens Bank 1 6.75% $4,159
    BROKER SOLUTIONS, INC. 1 6.75% $5,243
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $13,580
    Barrington Bank & Trust Company, N.A. 1 5.25% $4,635
    Lakeview Community Capital, LLC 1 4.99% $1,626
    INTERCOASTAL MORTGAGE COMPANY 1 6.50% $5,792
    INTELLILOAN, INC. 1 6.13% $5,516
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.00% $7,621

    The top Tallahassee VA lender as defined by loan originations is Mortgage Research Center, LLC, with 100 VA loans originated. Their average total fees are $5,588, which is $3,318 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Tallahassee VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($5,381), Mortgage Research Center, LLC ($5,588), VILLAGE CAPITAL MORTGAGE ($5,660), University Bank ($5,802) and NAVY FEDERAL CREDIT UNION ($5,813).

    The lowest rate Tallahassee VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.31%), UNITED WHOLESALE MORTGAGE, LLC (5.78%), VILLAGE CAPITAL MORTGAGE (5.79%), NAVY FEDERAL CREDIT UNION (5.89%) and GMFS LLC (6.02%).

    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.