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 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 6.78% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

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

The average rate for the prior week (2024-05-10) was 7.09% and one month ago for the week of 2024-04-12, the average rate was 6.97%.

The average rate one year ago was 6.28%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.4%.

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
2024-04-01 $385,800 (-3.5%) $464,394 (-0.8%) 0.90 484
The Villages's median listing price for 2024-04-01 was $385,800, a difference of $-14,100 (-3.5%) versus the prior year and $5,900 versus the prior month.

The Villages's median listing price comes in at 90% of the national average.

The Villages's average listing price for 2024-04-01 was $464,394, a difference of $-3,506 (-0.8%) versus the prior year and $-7,159 versus the prior month.

For the 2024-04-01 period, The Villages had 484 MLS listings, a difference of 29 listings (6%) versus the prior month and 68 listings (16%) 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
2024-04-01 50 days 1,576 sqft
The Villages's median listing age (time on market) for 2024-04-01 was 50 days. This is 11% longer than the same period one year ago.

The Villages's median square footage for active listings during the 2024-04-01 period was 1,576 sqft. One year prior, the average listing was 1,626 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.