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 78 lenders originated 348 VA loans during 2022. The total origination value was $112,950,000, with an average VA loan value of $324,569.

The Villages VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in The Villages averaged -0.21% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

The Villages's average VA mortgage closing costs are $6,065.

The average rate for the prior week (2023-11-17) was 6.74% and one month ago for the week of 2023-10-20, the average rate was 7.07%.

The average rate one year ago was 6.18%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.16%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 39 4.07% $11,038
Mortgage Research Center, LLC 35 4.90% $10,302
UNITED WHOLESALE MORTGAGE, LLC 30 4.27% $7,220
CRESCENT MORTGAGE COMPANY 17 4.64% $4,922
NAVY FEDERAL CREDIT UNION 16 4.00% $10,097
NEW DAY FINANCIAL, LLC 15 4.57% $12,195
DHI MORTGAGE COMPANY, LTD. 14 4.23% $6,023
FREEDOM MORTGAGE CORPORATION 11 4.06% $11,210
USAA Federal Savings Bank 11 4.31% $6,691
PENNYMAC LOAN SERVICES, LLC 10 4.01% $11,952
LOANDEPOT.COM, LLC 9 3.76% $13,199
GUARANTEED RATE, INC. 7 4.87% $6,673
MUTUAL OF OMAHA MORTGAGE, INC. 6 3.85% $7,674
PENTAGON FEDERAL CREDIT UNION 5 3.63% $1,496
CROSSCOUNTRY MORTGAGE, LLC 5 5.27% $15,321
Wells Fargo Bank 4 4.38% $7,587
Mid-Continent Funding, Inc. 4 5.31% $8,551
AMERISAVE MORTGAGE CORPORATION 4 4.75% $8,659
Ameris Bank 4 4.72% $7,709
CARDINAL FINANCIAL 3 4.63% $11,527
Mr. Cooper ( Nationstar Mortgage ) 3 3.38% $6,782
PLANET HOME LENDING, LLC 3 4.71% $19,859
U.S. Bank 3 4.46% $10,192
Flagstar Bank, FSB 3 4.75% $12,633
FBC MORTGAGE, LLC 3 5.50% $4,688
Nations Lending Corporation 3 5.83% $9,300
ACADEMY MORTGAGE CORPORATION 2 6.31% $5,266
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 3.88% $2,665
BROKER SOLUTIONS, INC. 2 3.00% $9,941
CALIBER HOME LOANS, INC. 2 4.02% $7,779
CLEARPATH LENDING 2 3.00% $8,349
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.00% $18,378
First Federal Bank 2 4.25% $8,531
MORTGAGE FINANCIAL GROUP, INC. 2 4.63% $9,885
NETWORK CAPITAL FUNDING CORPORATION 2 3.63% $4,802
NEWREZ LLC 2 4.06% $1,110
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.94% $7,834
The Federal Savings Bank 2 4.63% $19,375
VYSTAR 2 5.13% $725
LEGEND LENDING CORPORATION 1 5.63% $68,180
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.49% $19,200
LOANPAL, LLC 1 2.75% $16,342
Meridian Bank Corporation 1 4.50% $20,120
HAMILTON HOME LOANS, INC. 1 4.63% $13,993
MILEND, INC. 1 4.63% $20,763
Arbor Bank 1 5.13% $1,606
Mortgage Lenders Investment Trading Corporation 1 3.50% $14,063
GSF Mortgage Corporation 1 7.00% $3,338
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $6,502
Goldwater Bank, N.A. 1 7.00% $7,239
First Horizon Bank 1 5.38% $1,648
First Bank 1 5.25% $2,874
NATIONS RELIABLE LENDING, LLC 1 2.63% $6,830
Equity Prime Mortgage LLC 1 5.63% $11,907
AmeriHome Mortgage Company, LLC 1 5.88% $6,495
Citizens Bank 1 3.75% $5,931
AMERIFIRST FINANCIAL CORPORATION 1 4.38% $17,535
North American Savings Bank, F.S.B. 1 4.50% $3,325
Northpointe Bank 1 5.25% $10,945
Carrington Mortgage Services, LLC 1 4.25% $12,477
BAY EQUITY LLC 1 6.63% $9,322
Plains Commerce Bank 1 5.50% $14,014
Bank of America 1 4.25% $9,904
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.25% $15,439
VILLAGE CAPITAL MORTGAGE 1 3.25% $15,442
Assurance Financial Group, L.L.C. 1 2.75% $10,696
South State Bank 1 3.25% $14,904
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.63% $3,123
The Huntington National Bank 1 4.50% $12,768
THE MORTGAGE FIRM, INC. 1 5.63% $8,061
TJC Mortgage, Inc. 1 5.25% $10,550
Total Media Management, LLC 1 5.75% $16,488
HOME POINT FINANCIAL CORPORATION 1 4.63% $6,363
HOMESPIRE MORTGAGE CORPORATION 1 6.25% $5,473
HUNT MORTGAGE CORPORATION 1 2.50% $3,075
INSPIRE HOME LOANS INC. 1 5.75% $9,295
INTERCOASTAL MORTGAGE COMPANY 1 4.75% $13,833
LEADERONE FINANCIAL CORPORATION 1 5.13% $4,708

The top The Villages VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 39 VA loans originated. Their average total fees are $11,038, which is $737 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee The Villages VA lenders (with over 10 loans originated) are CRESCENT MORTGAGE COMPANY ($4,922), DHI MORTGAGE COMPANY, LTD. ($6,023), USAA Federal Savings Bank ($6,691), UNITED WHOLESALE MORTGAGE, LLC ($7,220) and NAVY FEDERAL CREDIT UNION ($10,097).

The lowest rate The Villages VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (4.00%), PENNYMAC LOAN SERVICES, LLC (4.01%), FREEDOM MORTGAGE CORPORATION (4.06%), QUICKEN LOANS, LLC (4.07%) and DHI MORTGAGE COMPANY, LTD. (4.23%).


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 (5.2%) $342,427 (8.7%) 0.97 341
2018-02-01 $259,900 (4.0%) $349,828 (12.3%) 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 (21.2%) 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%) 0.88 354
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 $299,700 (15.0%) $348,589 (-0.8%) 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 $299,900 (0.1%) $356,323 (2.2%) 0.87 301
2021-03-01 $307,950 (2.7%) $373,571 (6.4%) 0.87 254
2021-04-01 $314,675 (6.0%) $376,834 (7.3%) 0.85 205
2021-05-01 $335,000 (13.6%) $410,343 (18.6%) 0.89 161
2021-06-01 $339,450 (14.3%) $460,848 (32.5%) 0.89 126
2021-07-01 $360,000 (24.2%) $449,490 (30.1%) 0.95 142
2021-08-01 $362,475 (20.9%) $469,082 (29.8%) 0.97 155
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%) $504,945 (44.7%) 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 (42.0%) 1.07 141
2022-03-01 $429,975 (39.6%) $541,056 (44.8%) 1.08 165
2022-04-01 $429,900 (36.6%) $547,594 (45.3%) 1.02 174
2022-05-01 $419,950 (25.4%) $532,557 (29.8%) 0.96 209
2022-06-01 $424,925 (25.2%) $509,924 (10.7%) 0.95 271
2022-07-01 $424,900 (18.0%) $507,957 (13.0%) 0.96 318
2022-08-01 $416,950 (15.0%) $503,175 (7.3%) 0.96 320
2022-09-01 $418,450 (15.8%) $505,880 (3.5%) 0.98 337
2022-10-01 $405,000 (12.5%) $489,149 (2.2%) 0.95 378
2022-11-01 $404,900 (11.1%) $487,788 (-2.7%) 0.97 396
2022-12-01 $407,500 (6.2%) $488,245 (-3.3%) 1.01 410
2023-01-01 $421,000 (6.6%) $491,300 (-2.1%) 1.04 386
2023-02-01 $419,925 (2.4%) $485,074 (-4.1%) 1.01 399
2023-03-01 $419,950 (-2.3%) $486,777 (-10.0%) 0.99 400
2023-04-01 $399,900 (-7.0%) $467,845 (-14.6%) 0.93 416
2023-05-01 $399,500 (-4.9%) $468,613 (-12.0%) 0.91 414
2023-06-01 $397,450 (-6.5%) $470,322 (-7.8%) 0.89 427
2023-07-01 $399,900 (-5.9%) $470,880 (-7.3%) 0.91 403
2023-08-01 $401,192 (-3.8%) $484,568 (-3.7%) 0.92 384
2023-09-01 $398,950 (-4.7%) $487,086 (-3.7%) 0.93 367
2023-10-01 $399,900 (-1.3%) $491,546 (0.5%) 0.94 393
The Villages's median listing price for 2023-10-01 was $399,900, a difference of $-5,100 (-1.3%) versus the prior year and $950 versus the prior month.

The Villages's median listing price comes in at 94% of the national average.

The Villages's average listing price for 2023-10-01 was $491,546, a difference of $2,397 (0.5%) versus the prior year and $4,460 versus the prior month.

For the 2023-10-01 period, The Villages had 393 MLS listings, a difference of 26 listings (7%) versus the prior month and 15 listings (4%) 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 70 days 1,709 sqft
2018-02-01 63 days 1,755 sqft
2018-03-01 52 days 1,857 sqft
2018-04-01 56 days 1,826 sqft
2018-05-01 52 days 1,846 sqft
2018-06-01 58 days 1,806 sqft
2018-07-01 67 days 1,775 sqft
2018-08-01 66 days 1,768 sqft
2018-09-01 60 days 1,672 sqft
2018-10-01 59 days 1,672 sqft
2018-11-01 67 days 1,726 sqft
2018-12-01 65 days 1,795 sqft
2019-01-01 68 days 1,795 sqft
2019-02-01 66 days 1,740 sqft
2019-03-01 59 days 1,764 sqft
2019-04-01 62 days 1,687 sqft
2019-05-01 67 days 1,648 sqft
2019-06-01 65 days 1,648 sqft
2019-07-01 57 days 1,624 sqft
2019-08-01 58 days 1,645 sqft
2019-09-01 61 days 1,677 sqft
2019-10-01 64 days 1,698 sqft
2019-11-01 53 days 1,657 sqft
2019-12-01 57 days 1,652 sqft
2020-01-01 55 days 1,673 sqft
2020-02-01 49 days 1,656 sqft
2020-03-01 47 days 1,728 sqft
2020-04-01 53 days 1,725 sqft
2020-05-01 60 days 1,685 sqft
2020-06-01 67 days 1,673 sqft
2020-07-01 57 days 1,673 sqft
2020-08-01 53 days 1,736 sqft
2020-09-01 52 days 1,757 sqft
2020-10-01 53 days 1,715 sqft
2020-11-01 48 days 1,673 sqft
2020-12-01 53 days 1,661 sqft
2021-01-01 63 days 1,673 sqft
2021-02-01 51 days 1,673 sqft
2021-03-01 44 days 1,649 sqft
2021-04-01 42 days 1,641 sqft
2021-05-01 36 days 1,673 sqft
2021-06-01 36 days 1,718 sqft
2021-07-01 41 days 1,760 sqft
2021-08-01 40 days 1,738 sqft
2021-09-01 41 days 1,742 sqft
2021-10-01 39 days 1,742 sqft
2021-11-01 40 days 1,751 sqft
2021-12-01 57 days 1,746 sqft
2022-01-01 50 days 1,736 sqft
2022-02-01 35 days 1,780 sqft
2022-03-01 33 days 1,748 sqft
2022-04-01 33 days 1,692 sqft
2022-05-01 30 days 1,690 sqft
2022-06-01 30 days 1,670 sqft
2022-07-01 37 days 1,628 sqft
2022-08-01 41 days 1,613 sqft
2022-09-01 49 days 1,655 sqft
2022-10-01 52 days 1,621 sqft
2022-11-01 56 days 1,667 sqft
2022-12-01 60 days 1,634 sqft
2023-01-01 66 days 1,640 sqft
2023-02-01 65 days 1,607 sqft
2023-03-01 46 days 1,645 sqft
2023-04-01 45 days 1,624 sqft
2023-05-01 43 days 1,606 sqft
2023-06-01 44 days 1,618 sqft
2023-07-01 54 days 1,642 sqft
2023-08-01 62 days 1,644 sqft
2023-09-01 61 days 1,641 sqft
2023-10-01 56 days 1,610 sqft
The Villages's median listing age (time on market) for 2023-10-01 was 56 days. This is 9% longer than the same period one year ago.

The Villages's median square footage for active listings during the 2023-10-01 period was 1,610 sqft. One year prior, the average listing was 1,621 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.