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 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.