The Villages VA Loans

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 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 5.44% 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 5.7% and one month ago for the week of 2022-07-01, the average rate was 5.92%.

The average rate one year ago was 3.2%.

For refis of the same type during the week of 2022-08-05, the average rate was 4.92%.

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 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. Total Fees
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 & INVESTMENT LLC 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 Bank 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 & INVESTMENT LLC ($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 & INVESTMENT LLC (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 $262,300 (7.2%) $331,813 (7.7%) 0.97 486
2018-02-01 $266,250 (6.5%) $342,226 (12.6%) 0.96 488
2018-03-01 $275,000 (11.2%) $352,687 (15.7%) 0.95 479
2018-04-01 $269,750 (7.9%) $367,595 (18.5%) 0.91 452
2018-05-01 $267,500 (7.0%) $366,253 (13.9%) 0.89 495
2018-06-01 $267,500 (7.1%) $365,009 (15.3%) 0.89 453
2018-07-01 $259,000 (-0.2%) $354,877 (9.0%) 0.86 447
2018-08-01 $259,745 (0.1%) $365,942 (12.6%) 0.87 448
2018-09-01 $256,500 (-3.2%) $348,425 (4.9%) 0.86 450
2018-10-01 $254,450 (-2.5%) $352,148 (4.5%) 0.85 462
2018-11-01 $259,450 (-3.1%) $347,463 (2.0%) 0.87 476
2018-12-01 $269,900 (3.9%) $360,138 (9.6%) 0.92 509
2019-01-01 $267,114 (1.8%) $351,158 (5.8%) 0.92 508
2019-02-01 $264,574 (-0.6%) $345,877 (1.1%) 0.89 509
2019-03-01 $262,757 (-4.5%) $341,978 (-3.0%) 0.86 493
2019-04-01 $260,257 (-3.5%) $338,878 (-7.8%) 0.82 484
2019-05-01 $265,000 (-0.9%) $339,892 (-7.2%) 0.82 472
2019-06-01 $269,900 (0.9%) $338,968 (-7.1%) 0.83 450
2019-07-01 $269,900 (4.2%) $318,639 (-10.2%) 0.84 430
2019-08-01 $269,939 (3.9%) $323,018 (-11.7%) 0.85 427
2019-09-01 $272,445 (6.2%) $328,046 (-5.9%) 0.87 413
2019-10-01 $282,500 (11.0%) $333,065 (-5.4%) 0.90 399
2019-11-01 $289,990 (11.8%) $346,564 (-0.3%) 0.94 409
2019-12-01 $287,000 (6.3%) $333,020 (-7.5%) 0.96 409
2020-01-01 $289,900 (8.5%) $339,934 (-3.2%) 0.97 423
2020-02-01 $299,900 (13.4%) $348,721 (0.8%) 0.97 455
2020-03-01 $304,975 (16.1%) $351,887 (2.9%) 0.95 412
2020-04-01 $299,500 (15.1%) $351,086 (3.6%) 0.93 451
2020-05-01 $299,900 (13.2%) $349,051 (2.7%) 0.91 468
2020-06-01 $299,945 (11.1%) $351,835 (3.8%) 0.88 469
2020-07-01 $291,000 (7.8%) $348,557 (9.4%) 0.83 476
2020-08-01 $301,900 (11.8%) $361,759 (12.0%) 0.86 477
2020-09-01 $307,400 (12.8%) $366,184 (11.6%) 0.88 467
2020-10-01 $299,900 (6.2%) $366,953 (10.2%) 0.86 476
2020-11-01 $299,950 (3.4%) $366,086 (5.6%) 0.86 474
2020-12-01 $302,450 (5.4%) $358,185 (7.6%) 0.89 446
2021-01-01 $314,900 (8.6%) $357,777 (5.3%) 0.93 407
2021-02-01 $307,000 (2.4%) $355,430 (1.9%) 0.88 329
2021-03-01 $309,950 (1.6%) $373,375 (6.1%) 0.87 266
2021-04-01 $321,950 (7.5%) $378,477 (7.8%) 0.87 212
2021-05-01 $325,000 (8.4%) $418,069 (19.8%) 0.86 173
2021-06-01 $329,950 (10.0%) $457,908 (30.2%) 0.86 140
2021-07-01 $357,450 (22.8%) $460,132 (32.0%) 0.93 151
2021-08-01 $362,450 (20.1%) $472,390 (30.6%) 0.95 167
2021-09-01 $363,950 (18.4%) $491,660 (34.3%) 0.96 179
2021-10-01 $378,000 (26.0%) $490,146 (33.6%) 0.99 184
2021-11-01 $368,450 (22.8%) $506,492 (38.4%) 0.97 160
2021-12-01 $379,750 (25.6%) $511,196 (42.7%) 1.01 155
2022-01-01 $385,000 (22.3%) $503,361 (40.7%) 1.03 144
2022-02-01 $410,000 (33.6%) $500,004 (40.7%) 1.04 151
2022-03-01 $427,000 (37.8%) $532,948 (42.7%) 1.05 174
2022-04-01 $425,000 (32.0%) $541,612 (43.1%) 1.00 188
2022-05-01 $424,950 (30.8%) $536,291 (28.3%) 0.95 214
2022-06-01 $422,450 (28.0%) $508,135 (11.0%) 0.94 278
The Villages's median listing price for 2022-06-01 was $422,450, a difference of $92,500 (28.0%) versus the prior year and $-2,500 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 2022-06-01 was $508,135, a difference of $50,227 (11.0%) versus the prior year and $-28,156 versus the prior month.

For the 2022-06-01 period, The Villages had 278 MLS listings, a difference of 64 listings (30%) versus the prior month and 138 listings (99%) 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 73 days 1,712 sqft
2018-02-01 74 days 1,835 sqft
2018-03-01 58 days 1,863 sqft
2018-04-01 62 days 1,829 sqft
2018-05-01 58 days 1,828 sqft
2018-06-01 65 days 1,742 sqft
2018-07-01 72 days 1,704 sqft
2018-08-01 62 days 1,704 sqft
2018-09-01 59 days 1,670 sqft
2018-10-01 58 days 1,663 sqft
2018-11-01 70 days 1,713 sqft
2018-12-01 73 days 1,800 sqft
2019-01-01 69 days 1,828 sqft
2019-02-01 66 days 1,815 sqft
2019-03-01 57 days 1,778 sqft
2019-04-01 63 days 1,707 sqft
2019-05-01 64 days 1,662 sqft
2019-06-01 64 days 1,624 sqft
2019-07-01 57 days 1,617 sqft
2019-08-01 59 days 1,629 sqft
2019-09-01 60 days 1,639 sqft
2019-10-01 62 days 1,697 sqft
2019-11-01 58 days 1,700 sqft
2019-12-01 61 days 1,655 sqft
2020-01-01 64 days 1,667 sqft
2020-02-01 50 days 1,673 sqft
2020-03-01 48 days 1,740 sqft
2020-04-01 55 days 1,734 sqft
2020-05-01 64 days 1,687 sqft
2020-06-01 70 days 1,700 sqft
2020-07-01 63 days 1,673 sqft
2020-08-01 60 days 1,727 sqft
2020-09-01 58 days 1,745 sqft
2020-10-01 57 days 1,752 sqft
2020-11-01 51 days 1,748 sqft
2020-12-01 57 days 1,692 sqft
2021-01-01 63 days 1,704 sqft
2021-02-01 54 days 1,679 sqft
2021-03-01 51 days 1,679 sqft
2021-04-01 48 days 1,663 sqft
2021-05-01 42 days 1,676 sqft
2021-06-01 41 days 1,688 sqft
2021-07-01 42 days 1,763 sqft
2021-08-01 43 days 1,739 sqft
2021-09-01 43 days 1,747 sqft
2021-10-01 45 days 1,758 sqft
2021-11-01 46 days 1,766 sqft
2021-12-01 48 days 1,744 sqft
2022-01-01 52 days 1,736 sqft
2022-02-01 42 days 1,741 sqft
2022-03-01 36 days 1,759 sqft
2022-04-01 38 days 1,667 sqft
2022-05-01 33 days 1,672 sqft
2022-06-01 36 days 1,656 sqft
The Villages's median listing age (time on market) for 2022-06-01 was 36 days. This is -13% shorter than the same period one year ago.

The Villages's median square footage for active listings during the 2022-06-01 period was 1,656 sqft. One year prior, the average listing was 1,688 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.