The Villages VA Loan Rates, Closing Costs & Stats

THE VILLAGES, FL

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    • 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 60 lenders originated 227 VA loans during 2023. The total origination value was $78,255,000, with an average VA loan value of $344,736.

    The Villages VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in The Villages averaged 7.14% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    The Villages's average VA mortgage closing costs are $6,382.

    The average rate for the prior week (2024-04-12) was 6.97% and one month ago for the week of 2024-03-15, the average rate was 6.93%.

    The average rate one year ago was 6.12%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 40 6.55% $10,498
    QUICKEN LOANS, LLC 17 6.07% $10,224
    UNITED WHOLESALE MORTGAGE, LLC 15 6.13% $11,509
    DHI MORTGAGE COMPANY, LTD. 13 5.25% $4,630
    CRESCENT MORTGAGE COMPANY 11 6.67% $4,460
    NAVY FEDERAL CREDIT UNION 11 5.97% $4,699
    NEW DAY FINANCIAL, LLC 10 7.27% $14,805
    USAA Federal Savings Bank 9 6.24% $8,763
    FREEDOM MORTGAGE CORPORATION 7 6.30% $15,207
    INSPIRE HOME LOANS INC. 4 5.66% $10,092
    LOANDEPOT.COM, LLC 3 6.12% $19,569
    PENTAGON FEDERAL CREDIT UNION 3 5.08% $18,919
    FBC MORTGAGE, LLC 3 6.50% $8,213
    MOVEMENT MORTGAGE, LLC 3 6.67% $7,674
    PENNYMAC LOAN SERVICES, LLC 3 6.25% $18,307
    Flagstar Bank, FSB 2 6.50% $4,498
    Mr. Cooper ( Nationstar Mortgage ) 2 6.00% $18,387
    NBKC BANK 2 5.63% $7,340
    NEWREZ LLC 2 7.25% $7,013
    Plains Commerce Bank 2 6.00% $17,364
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.00% $8,580
    Ameris Bank 2 6.44% $5,207
    GUARANTEED RATE, INC. 2 6.44% $7,850
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.88% $3,357
    CALIBER HOME LOANS, INC. 2 5.75% $3,997
    The Federal Savings Bank 2 6.13% $22,548
    Truist 2 6.19% $7,348
    Mid-Continent Funding, Inc. 2 6.31% $11,248
    CROSSCOUNTRY MORTGAGE, LLC 2 6.69% $15,768
    Wells Fargo Bank 1 6.13% $1,890
    ACADEMY MORTGAGE CORPORATION 1 6.75% $6,061
    Willamette Valley Bank 1 6.25% $10,368
    AMERICAN FINANCIAL NETWORK, INC. 1 6.13% $23,775
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.25% $6,357
    BAY EQUITY LLC 1 6.75% $6,172
    Century Mortgage Company DBA Century Lending Company 1 5.88% $13,566
    Citizens Bank 1 6.38% $12,515
    Equity Prime Mortgage LLC 1 8.25% $6,362
    EVERETT FINANCIAL, INC. 1 6.13% $4,055
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.63% $18,037
    First Federal Bank 1 6.25% $4,450
    Franklin Loan Corporation 1 7.25% $17,208
    GUARANTEED RATE AFFINITY, LLC 1 5.68% $8,769
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.50% $4,103
    HOMESTAR FINANCIAL CORPORATION 1 6.13% $5,586
    MORTGAGE FINANCIAL GROUP, INC. 1 6.25% $9,341
    Mortgage Lenders Investment Trading Corporation 1 7.25% $12,063
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $10,296
    NETWORK CAPITAL FUNDING CORPORATION 1 6.75% $10,144
    ON Q FINANCIAL, INC. 1 7.25% $4,863
    PREFERRED LENDING SERVICES, LLC 1 7.25% $6,802
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $10,453
    ROSS MORTGAGE CORPORATION 1 6.88% $6,883
    SOVEREIGN LENDING GROUP INCORPORATED 1 4.75% $21,807
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $12,877
    SUN WEST MORTGAGE COMPANY, INC. 1 5.12% $15,747
    THE MORTGAGE FIRM, INC. 1 6.38% $8,673
    Towne Bank 1 5.75% $7,276
    UNION HOME MORTGAGE CORP. 1 7.13% $11,470
    VILLAGE CAPITAL MORTGAGE 1 5.75% $6,245

    The top The Villages VA lender as defined by loan originations is Mortgage Research Center, LLC, with 40 VA loans originated. Their average total fees are $10,498, which is $274 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee The Villages VA lenders (with over 10 loans originated) are CRESCENT MORTGAGE COMPANY ($4,460), DHI MORTGAGE COMPANY, LTD. ($4,630), NAVY FEDERAL CREDIT UNION ($4,699), QUICKEN LOANS, LLC ($10,224) and Mortgage Research Center, LLC ($10,498).

    The lowest rate The Villages VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.25%), NAVY FEDERAL CREDIT UNION (5.97%), QUICKEN LOANS, LLC (6.07%), UNITED WHOLESALE MORTGAGE, LLC (6.13%) and Mortgage Research Center, LLC (6.55%).

    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 $262,423 (5.4%) $342,731 (8.8%) 0.97 340
    2018-02-01 $259,925 (4.0%) $350,017 (12.5%) 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 $276,438 (10.6%) $381,832 (17.9%) 0.92 375
    2018-06-01 $274,950 (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 (17.5%) 0.90 342
    2018-09-01 $259,800 (-3.0%) $366,910 (8.8%) 0.87 349
    2018-10-01 $258,350 (-5.1%) $373,714 (8.8%) 0.88 354
    2018-11-01 $263,000 (-2.6%) $366,705 (5.8%) 0.89 371
    2018-12-01 $274,500 (5.6%) $375,728 (12.4%) 0.95 404
    2019-01-01 $267,624 (2.0%) $359,391 (4.9%) 0.92 406
    2019-02-01 $260,574 (0.3%) $351,510 (0.4%) 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 (-9.2%) 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 $289,900 (6.4%) $345,464 (7.2%) 0.84 458
    2020-08-01 $299,900 (8.0%) $361,028 (12.0%) 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 (29.9%) 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 $419,450 (16.1%) $506,342 (3.6%) 0.98 336
    2022-10-01 $405,000 (12.5%) $490,075 (2.4%) 0.95 377
    2022-11-01 $405,100 (11.2%) $488,305 (-2.6%) 0.97 395
    2022-12-01 $410,000 (6.9%) $488,736 (-3.2%) 1.01 409
    2023-01-01 $421,000 (6.6%) $492,003 (-1.9%) 1.04 385
    2023-02-01 $419,950 (2.4%) $485,598 (-4.0%) 1.01 398
    2023-03-01 $419,950 (-2.3%) $487,409 (-9.9%) 0.99 399
    2023-04-01 $399,900 (-7.0%) $467,900 (-14.6%) 0.93 416
    2023-05-01 $399,375 (-4.9%) $468,402 (-12.1%) 0.91 414
    2023-06-01 $397,450 (-6.5%) $470,274 (-7.8%) 0.89 427
    2023-07-01 $399,900 (-5.9%) $470,940 (-7.3%) 0.91 402
    2023-08-01 $401,192 (-3.8%) $484,568 (-3.7%) 0.92 384
    2023-09-01 $398,950 (-4.9%) $487,086 (-3.8%) 0.93 367
    2023-10-01 $399,900 (-1.3%) $491,546 (0.3%) 0.94 393
    2023-11-01 $396,163 (-2.2%) $478,541 (-2.0%) 0.94 429
    2023-12-01 $390,000 (-4.9%) $480,981 (-1.6%) 0.95 436
    2024-01-01 $393,125 (-6.6%) $480,204 (-2.4%) 0.96 481
    2024-02-01 $392,000 (-6.7%) $481,281 (-0.9%) 0.94 466
    2024-03-01 $379,900 (-9.5%) $471,553 (-3.3%) 0.89 455
    The Villages's median listing price for 2024-03-01 was $379,900, a difference of $-40,050 (-9.5%) versus the prior year and $-12,100 versus the prior month.

    The Villages's median listing price comes in at 89% of the national average.

    The Villages's average listing price for 2024-03-01 was $471,553, a difference of $-15,856 (-3.3%) versus the prior year and $-9,728 versus the prior month.

    For the 2024-03-01 period, The Villages had 455 MLS listings, a difference of -11 listings (-2%) versus the prior month and 56 listings (14%) 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 69 days 1,712 sqft
    2018-02-01 63 days 1,756 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 1,762 sqft
    2019-04-01 62 days 1,684 sqft
    2019-05-01 67 days 1,653 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 1,739 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 1,656 sqft
    2022-10-01 52 days 1,624 sqft
    2022-11-01 56 days 1,670 sqft
    2022-12-01 60 days 1,639 sqft
    2023-01-01 66 days 1,642 sqft
    2023-02-01 64 days 1,608 sqft
    2023-03-01 46 days 1,646 sqft
    2023-04-01 45 days 1,626 sqft
    2023-05-01 43 days 1,606 sqft
    2023-06-01 44 days 1,618 sqft
    2023-07-01 54 days 1,641 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
    2023-11-01 49 days 1,559 sqft
    2023-12-01 56 days 1,559 sqft
    2024-01-01 60 days 1,582 sqft
    2024-02-01 55 days 1,607 sqft
    2024-03-01 53 days 1,560 sqft
    The Villages's median listing age (time on market) for 2024-03-01 was 53 days. This is 16% longer than the same period one year ago.

    The Villages's median square footage for active listings during the 2024-03-01 period was 1,560 sqft. One year prior, the average listing was 1,646 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.