The Villages VA Loan Rates, Closing Costs & Stats

THE VILLAGES, 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.

The Villages's 109 lenders originated 786 VA loans during 2021. The total origination value was $216,990,000, with an average VA loan value of $276,069.

The Villages VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in The Villages averaged 0.23% for the week of 2022-11-25, compared to the national average (all VA variants) of 0% for the same period.

The Villages's average VA mortgage closing costs are $5,510.

The average rate for the prior week (2022-11-18) was 6.52% and one month ago for the week of 2022-10-21, the average rate was 7.06%.

The average rate one year ago was 3.55%.

For refis of the same type during the week of 2022-11-25, the average rate was 0.11%.

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

The Villages 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 The Villages level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 87 2.50% $4,297
FREEDOM MORTGAGE CORPORATION 67 2.47% $3,284
Mortgage Research Center, LLC 57 2.79% $6,922
PENNYMAC LOAN SERVICES, LLC 52 2.37% $5,632
NEW DAY FINANCIAL, LLC 41 2.58% $8,228
CRESCENT MORTGAGE COMPANY 28 2.76% $5,607
UNITED WHOLESALE MORTGAGE, LLC 28 2.58% $6,371
NAVY FEDERAL CREDIT UNION 27 2.41% $4,921
USAA Federal Savings Bank 21 2.79% $3,004
LOANDEPOT.COM, LLC 20 2.42% $7,422
Ameris Bank 17 2.57% $4,964
CLEARPATH LENDING 16 2.24% $3,947
VILLAGE CAPITAL MORTGAGE 16 2.34% $3,405
THE MORTGAGE FIRM, INC. 15 2.94% $5,608
DHI MORTGAGE COMPANY, LTD. 13 2.72% $5,470
Wells Fargo Bank 9 2.57% $3,394
HOME POINT FINANCIAL CORPORATION 9 2.44% $8,323
Mr. Cooper ( Nationstar Mortgage ) 8 2.63% $4,778
NATIONS RELIABLE LENDING, LLC 7 2.89% $6,234
PENTAGON FEDERAL CREDIT UNION 6 2.33% $3,776
CALIBER HOME LOANS, INC. 6 2.63% $5,009
Mortgage Lenders Investment Trading Corporation 6 2.75% $4,044
The Federal Savings Bank 6 2.54% $7,041
AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 2.55% $5,833
Low VA Rates, LLC 5 2.25% $3,585
Barrington Bank & Trust Company, N.A. 5 2.98% $3,463
Truist 4 2.75% $3,942
Mid-Continent Funding, Inc. 4 2.81% $6,035
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.22% $10,447
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 2.63% $9,220
GUARANTEED RATE, INC. 4 2.59% $3,556
GSF Mortgage Corporation 3 3.42% $8,668
North American Savings Bank, F.S.B. 3 2.67% $3,685
PLANET HOME LENDING, LLC 3 2.58% $2,845
First Federal Bank 3 4.08% $5,388
Nations Lending Corporation 3 3.08% $4,249
AMERICAN FINANCIAL NETWORK, INC. 3 3.29% $13,358
HAMILTON HOME LOANS, INC. 3 3.00% $6,238
HUNT MORTGAGE CORPORATION 3 2.92% $8,619
InterContinental Capital Group, Inc 3 2.38% $6,192
AMERISAVE MORTGAGE CORPORATION 3 2.58% $5,049
LAKEVIEW LOAN SERVICING, LLC 3 2.33% $3,036
AMERICAN PACIFIC MORTGAGE CORPORATION 2 3.56% $7,691
First Guaranty Mortgage Corporation 2 2.31% $8,860
Paramount Residential Mortgage Group, Inc. 2 2.75% $4,508
SUCCESS MORTGAGE PARTNERS, INC. 2 3.00% $5,332
ACCELERATE MORTGAGE, LLC 2 2.25% $2,771
HOMESIDE FINANCIAL, LLC 2 2.69% $2,440
SOVEREIGN LENDING GROUP INCORPORATED 2 2.75% $4,127
DAS Acquisition Company, LLC 2 3.06% $11,577
NEWREZ LLC 2 2.63% $6,819
CROSSCOUNTRY MORTGAGE, LLC 2 2.38% $5,210
Christensen Financial, Inc. 2 3.19% $2,879
NBKC BANK 2 2.50% $7,331
FBC MORTGAGE, LLC 2 2.63% $20,670
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.25% $11,775
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 2.99% $10,374
EMBRACE HOME LOANS, INC. 2 2.31% $2,946
UNION HOME MORTGAGE CORP. 2 2.56% $5,773
Flagstar Bank, FSB 2 2.25% $3,044
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 2.88% $12,756
SUN WEST MORTGAGE COMPANY, INC. 2 2.50% $2,995
Goldwater Bank, N.A. 2 2.63% $12,114
Plains Commerce Bank 2 2.56% $9,324
BROKER SOLUTIONS, INC. 2 2.50% $8,579
ZILLOW HOME LOANS, LLC 1 2.50% $3,303
Advance Financial Group, LLC 1 2.88% $7,620
AMERIFIRST FINANCIAL CORPORATION 1 2.38% $2,626
AmeriHome Mortgage Company, LLC 1 2.63% $1,257
APEX HOME LOANS, INC. 1 2.38% $5,094
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.25% $6,788
BNC National Bank 1 2.25% $2,469
Capital Bank 1 2.50% $2,365
CBM Mortgage, Inc. 1 2.88% $9,682
CHURCHILL MORTGAGE CORPORATION 1 2.25% $2,667
CMG MORTGAGE, INC. 1 2.75% $4,562
Community First National Bank 1 2.38% $17,966
FINANCE OF AMERICA MORTGAGE LLC 1 2.88% $2,935
First Bank 1 2.50% $2,840
First Mortgage Solutions, LLC 1 2.25% $4,097
FLAT BRANCH MORTGAGE, INC. 1 2.63% $6,005
GUARANTEED RATE AFFINITY, LLC 1 2.88% $1,917
Hometown Lenders, Inc. 1 3.25% $1,055
KS StateBank 1 2.50% $1,355
Lakeview Community Capital, LLC 1 2.38% $2,143
LEADERONE FINANCIAL CORPORATION 1 2.25% $2,837
MICHIGAN MUTUAL, INC. 1 3.13% $9,446
MORTGAGE FINANCIAL GROUP, INC. 1 2.25% $8,148
MOVEMENT MORTGAGE, LLC 1 3.50% $5,401
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.25% $13,541
NETWORK CAPITAL FUNDING CORPORATION 1 2.75% $1,815
NP, Inc. 1 2.75% $4,287
PNC Bank 1 2.63% $1,034
Premium Mortgage Corporation 1 2.50% $645
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.38% $33,863
Prosperity Home Mortgage, LLC 1 3.75% $8,302
Regions Bank 1 2.63% $2,250
SRE MORTGAGE ALLIANCE INC. 1 2.75% $7,628
Strong Home Mortgage, LLC 1 2.63% $2,133
Summit Mortgage Corporation 1 3.25% $9,034
Sunflower Bank 1 2.38% $2,728
TIDEWATER MORTGAGE SERVICES, INC. 1 2.75% $2,534
TJC Mortgage, Inc. 1 2.25% $4,247
U.S. Bank 1 2.50% $8,929
VAN DYK MORTGAGE CORPORATION 1 3.50% $6,538
Waterstone Mortgage Corporation 1 3.75% $5,564
WATSON MORTGAGE CORP. 1 2.38% $10,348
Wyndham Capital Mortgage, Inc. 1 2.25% $2,054
ACADEMY MORTGAGE CORPORATION 1 2.75% $8,004

The top The Villages VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 87 VA loans originated. Their average total fees are $4,297, which is $1,012 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee The Villages VA lenders (with over 10 loans originated) are USAA Federal Savings Bank ($3,004), FREEDOM MORTGAGE CORPORATION ($3,284), VILLAGE CAPITAL MORTGAGE ($3,405), CLEARPATH LENDING ($3,947) and QUICKEN LOANS, LLC ($4,297).

The lowest rate The Villages VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.24%), VILLAGE CAPITAL MORTGAGE (2.34%), PENNYMAC LOAN SERVICES, LLC (2.37%), NAVY FEDERAL CREDIT UNION (2.41%) and LOANDEPOT.COM, LLC (2.42%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - The Villages (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 $262,049 (5.3%) $342,427 (8.7%) 0.97 341
2018-02-01 $259,900 (4.0%) $349,828 (12.4%) 0.94 351
2018-03-01 $274,950 (10.2%) $367,858 (18.5%) 0.96 346
2018-04-01 $269,724 (7.9%) $381,518 (21.3%) 0.91 335
2018-05-01 $276,375 (10.6%) $381,578 (17.8%) 0.92 375
2018-06-01 $274,900 (10.3%) $380,131 (18.9%) 0.92 352
2018-07-01 $267,000 (6.8%) $373,582 (14.1%) 0.89 344
2018-08-01 $269,000 (2.1%) $391,037 (17.6%) 0.90 342
2018-09-01 $259,800 (-2.3%) $366,910 (8.8%) 0.87 349
2018-10-01 $258,350 (-4.5%) $373,714 (8.9%) 0.87 354
2018-11-01 $263,000 (-2.6%) $366,705 (5.9%) 0.89 371
2018-12-01 $274,500 (5.6%) $375,728 (12.5%) 0.95 404
2019-01-01 $267,624 (2.1%) $359,391 (5.0%) 0.92 406
2019-02-01 $260,574 (0.3%) $351,510 (0.5%) 0.88 405
2019-03-01 $260,708 (-5.2%) $349,358 (-5.0%) 0.85 395
2019-04-01 $260,080 (-3.6%) $347,421 (-8.9%) 0.83 398
2019-05-01 $269,575 (-2.5%) $346,906 (-9.1%) 0.84 375
2019-06-01 $270,000 (-1.8%) $350,355 (-7.8%) 0.84 352
2019-07-01 $272,450 (2.0%) $322,387 (-13.7%) 0.85 322
2019-08-01 $277,609 (3.2%) $322,227 (-17.6%) 0.88 321
2019-09-01 $284,523 (9.5%) $328,185 (-10.6%) 0.91 306
2019-10-01 $289,132 (11.9%) $332,987 (-10.9%) 0.93 298
2019-11-01 $289,900 (10.2%) $348,575 (-4.9%) 0.95 307
2019-12-01 $289,900 (5.6%) $336,898 (-10.3%) 0.97 307
2020-01-01 $293,125 (9.5%) $344,111 (-4.3%) 0.98 344
2020-02-01 $299,900 (15.1%) $349,115 (-0.7%) 0.98 369
2020-03-01 $299,950 (15.1%) $351,248 (0.5%) 0.94 384
2020-04-01 $297,000 (14.2%) $351,218 (1.1%) 0.93 428
2020-05-01 $295,000 (9.4%) $345,938 (-0.3%) 0.90 434
2020-06-01 $296,950 (10.0%) $347,885 (-0.7%) 0.87 440
2020-07-01 $289,800 (6.4%) $345,464 (7.2%) 0.84 459
2020-08-01 $299,900 (8.0%) $361,265 (12.1%) 0.86 456
2020-09-01 $304,175 (6.9%) $366,516 (11.7%) 0.87 448
2020-10-01 $299,124 (3.5%) $364,276 (9.4%) 0.86 473
2020-11-01 $294,900 (1.7%) $358,737 (2.9%) 0.86 464
2020-12-01 $289,410 (-0.2%) $348,952 (3.6%) 0.86 437
2021-01-01 $298,900 (2.0%) $352,201 (2.4%) 0.89 382
2021-02-01 $299,925 (0.0%) $356,846 (2.2%) 0.87 301
2021-03-01 $307,950 (2.7%) $373,571 (6.4%) 0.87 254
2021-04-01 $315,725 (6.3%) $377,177 (7.4%) 0.85 205
2021-05-01 $335,000 (13.6%) $410,343 (18.6%) 0.89 161
2021-06-01 $342,450 (15.3%) $460,848 (32.5%) 0.90 126
2021-07-01 $360,000 (24.2%) $449,490 (30.1%) 0.95 142
2021-08-01 $362,475 (20.9%) $469,527 (30.0%) 0.97 154
2021-09-01 $361,225 (18.8%) $488,773 (33.4%) 0.96 165
2021-10-01 $359,900 (20.3%) $478,679 (31.4%) 0.96 177
2021-11-01 $364,413 (23.6%) $501,242 (39.7%) 0.97 152
2021-12-01 $383,725 (32.6%) $506,228 (45.1%) 1.04 154
2022-01-01 $395,000 (32.2%) $501,757 (42.5%) 1.07 140
2022-02-01 $410,000 (36.7%) $505,831 (41.8%) 1.07 141
2022-03-01 $432,438 (40.4%) $541,865 (45.1%) 1.08 165
2022-04-01 $429,900 (36.2%) $547,594 (45.2%) 1.03 174
2022-05-01 $422,473 (26.1%) $536,871 (30.8%) 0.97 209
2022-06-01 $426,000 (24.4%) $512,167 (11.1%) 0.95 271
2022-07-01 $425,000 (18.1%) $510,721 (13.6%) 0.96 318
2022-08-01 $417,475 (15.2%) $503,737 (7.3%) 0.96 320
2022-09-01 $419,225 (16.1%) $507,391 (3.8%) 0.98 336
2022-10-01 $409,000 (13.6%) $489,682 (2.3%) 0.96 377
The Villages's median listing price for 2022-10-01 was $409,000, a difference of $49,100 (13.6%) versus the prior year and $-10,225 versus the prior month.

The Villages's median listing price comes in at 96% of the national average.

The Villages's average listing price for 2022-10-01 was $489,682, a difference of $11,003 (2.3%) versus the prior year and $-17,709 versus the prior month.

For the 2022-10-01 period, The Villages had 377 MLS listings, a difference of 41 listings (12%) versus the prior month and 200 listings (113%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - The Villages (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 75 days 1,709 sqft
2018-02-01 72 days 1,755 sqft
2018-03-01 57 days 1,857 sqft
2018-04-01 59 days 1,826 sqft
2018-05-01 56 days 1,846 sqft
2018-06-01 60 days 1,806 sqft
2018-07-01 72 days 1,772 sqft
2018-08-01 71 days 1,762 sqft
2018-09-01 66 days 1,672 sqft
2018-10-01 64 days 1,671 sqft
2018-11-01 72 days 1,723 sqft
2018-12-01 73 days 1,793 sqft
2019-01-01 73 days 1,790 sqft
2019-02-01 69 days 1,739 sqft
2019-03-01 66 days 1,761 sqft
2019-04-01 67 days 1,683 sqft
2019-05-01 70 days 1,646 sqft
2019-06-01 68 days 1,646 sqft
2019-07-01 58 days 1,624 sqft
2019-08-01 60 days 1,645 sqft
2019-09-01 63 days 1,677 sqft
2019-10-01 67 days 1,698 sqft
2019-11-01 54 days 1,657 sqft
2019-12-01 59 days 1,652 sqft
2020-01-01 56 days 1,673 sqft
2020-02-01 50 days 1,656 sqft
2020-03-01 50 days 1,728 sqft
2020-04-01 56 days 1,725 sqft
2020-05-01 62 days 1,685 sqft
2020-06-01 71 days 1,673 sqft
2020-07-01 62 days 1,673 sqft
2020-08-01 59 days 1,736 sqft
2020-09-01 56 days 1,757 sqft
2020-10-01 57 days 1,715 sqft
2020-11-01 50 days 1,673 sqft
2020-12-01 57 days 1,661 sqft
2021-01-01 65 days 1,673 sqft
2021-02-01 55 days 1,673 sqft
2021-03-01 48 days 1,649 sqft
2021-04-01 46 days 1,640 sqft
2021-05-01 39 days 1,673 sqft
2021-06-01 40 days 1,713 sqft
2021-07-01 42 days 1,760 sqft
2021-08-01 41 days 1,739 sqft
2021-09-01 42 days 1,742 sqft
2021-10-01 41 days 1,742 sqft
2021-11-01 42 days 1,751 sqft
2021-12-01 59 days 1,747 sqft
2022-01-01 51 days 1,736 sqft
2022-02-01 39 days 1,780 sqft
2022-03-01 34 days 1,753 sqft
2022-04-01 34 days 1,692 sqft
2022-05-01 31 days 1,690 sqft
2022-06-01 31 days 1,660 sqft
2022-07-01 39 days 1,619 sqft
2022-08-01 43 days 1,613 sqft
2022-09-01 50 days 1,656 sqft
2022-10-01 54 days 1,629 sqft
The Villages's median listing age (time on market) for 2022-10-01 was 54 days. This is 32% longer than the same period one year ago.

The Villages's median square footage for active listings during the 2022-10-01 period was 1,629 sqft. One year prior, the average listing was 1,742 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.