Florida VA Loan Rates, Closing Costs & Stats

Florida

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.

Florida VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Florida averaged 6.41% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

Florida's average VA mortgage closing costs are $7,041.

The average rate for the prior week (2024-05-31) was 6.52% and one month ago for the week of 2024-05-03, the average rate was 6.84%.

The average rate one year ago was 6.74%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.68%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Florida 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 Florida level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 4,275 6.59% $8,667
UNITED WHOLESALE MORTGAGE, LLC 3,792 6.25% $10,489
DHI MORTGAGE COMPANY, LTD. 2,784 5.40% $6,700
QUICKEN LOANS, LLC 2,003 6.05% $13,545
NAVY FEDERAL CREDIT UNION 1,783 5.76% $7,639
EAGLE HOME MORTGAGE, LLC 1,126 5.46% $6,828
LOANDEPOT.COM, LLC 937 6.02% $12,692
FREEDOM MORTGAGE CORPORATION 881 6.41% $16,318
CROSSCOUNTRY MORTGAGE, LLC 692 6.55% $10,955
MOVEMENT MORTGAGE, LLC 679 6.42% $10,660
USAA Federal Savings Bank 648 6.19% $11,096
BROKER SOLUTIONS, INC. 611 6.15% $11,821
NEW DAY FINANCIAL, LLC 471 7.42% $15,297
PENNYMAC LOAN SERVICES, LLC 423 5.86% $14,044
PULTE MORTGAGE LLC 423 5.96% $6,844
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 423 6.51% $9,926
CARDINAL FINANCIAL 394 6.39% $13,110
FBC MORTGAGE, LLC 355 5.93% $9,455
GUARANTEED RATE, INC. 348 6.16% $8,830
THE MORTGAGE FIRM, INC. 321 6.61% $10,179
NEWREZ LLC 304 6.38% $11,595
CMG MORTGAGE, INC. 303 6.14% $15,157
Paramount Residential Mortgage Group, Inc. 268 6.22% $11,635
University Bank 265 6.21% $9,314
PENTAGON FEDERAL CREDIT UNION 265 5.55% $10,221
JET HOMELOANS, LLC 249 5.90% $9,134
Mr. Cooper ( Nationstar Mortgage ) 245 5.90% $16,901
KBHS HOME LOANS, LLC 238 5.86% $12,892
Equity Prime Mortgage LLC 235 6.82% $10,529
Plains Commerce Bank 234 6.18% $12,566
VILLAGE CAPITAL MORTGAGE 231 6.20% $12,055
Bank of England 229 6.21% $12,449
The Federal Savings Bank 220 6.29% $19,780
PRIMELENDING, A PLAINSCAPITAL COMPANY 200 6.36% $10,096
Waterstone Mortgage Corporation 198 6.50% $12,636
AMERICAN FINANCIAL NETWORK, INC. 191 6.64% $10,553
South Pacific Financial Corporation 178 5.56% $11,175
GUARANTEED RATE AFFINITY, LLC 177 6.20% $9,787
HOMEBRIDGE FINANCIAL SERVICES, INC. 177 5.90% $11,929
EVERETT FINANCIAL, INC. 174 6.79% $12,592
NFM, INC. 166 6.37% $12,833
Flagstar Bank, FSB 161 6.55% $11,800
Wells Fargo Bank 156 5.76% $10,176
NVR Mortgage Finance, Inc. 150 5.49% $8,011
Ameris Bank 146 6.31% $12,790
UNION HOME MORTGAGE CORP. 145 6.58% $11,214
MORTGAGE SOLUTIONS OF COLORADO, LLC 139 7.45% $7,024
NBKC BANK 138 5.88% $9,976
MATTAMY HOME FUNDING, LLC 137 5.84% $11,027
HOMEAMERICAN MORTGAGE CORPORATION 137 5.55% $6,442
Regions Bank 136 5.97% $14,021
M/I FINANCIAL, LLC 136 5.83% $15,479
Mid-Continent Funding, Inc. 135 6.26% $12,411
AMERICAN PACIFIC MORTGAGE CORPORATION 135 6.55% $13,318
AMERISAVE MORTGAGE CORPORATION 131 5.72% $17,703
Barrington Bank & Trust Company, N.A. 124 6.39% $11,069
First Federal Bank 115 6.36% $8,433
Century Mortgage Company DBA Century Lending Company 114 6.21% $9,970
MUTUAL OF OMAHA MORTGAGE, INC. 113 6.24% $14,997
SWBC MORTGAGE CORPORATION 105 6.36% $9,193
PLAZA HOME MORTGAGE, INC. 97 6.46% $13,090
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 93 6.51% $9,300
ARK-LA-TEX FINANCIAL SERVICES, LLC. 92 6.36% $11,965
DYBN FINANCIAL CORP. 92 6.21% $15,926
GUILD MORTGAGE COMPANY 88 6.49% $13,075
HOME SOLUTION LENDERS INC. 88 5.77% $11,592
PLANET HOME LENDING, LLC 85 5.90% $11,743
CALIBER HOME LOANS, INC. 85 6.04% $11,180
SUN WEST MORTGAGE COMPANY, INC. 84 6.46% $12,262
U.S. Bank 81 6.17% $11,067
INSPIRE HOME LOANS INC. 80 5.79% $7,161
Prosperity Home Mortgage, LLC 80 5.99% $12,575
HOMESIDE FINANCIAL, LLC 80 6.64% $10,558
CHURCHILL MORTGAGE CORPORATION 71 6.40% $11,456
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 66 6.32% $10,942
Mortgage Lenders Investment Trading Corporation 66 6.74% $12,266
Truist 66 6.11% $7,423
EMBRACE HOME LOANS, INC. 65 6.08% $14,924
Ixonia Bank 63 6.65% $12,332
LOANPAL, LLC 62 5.91% $14,709
LAKEVIEW LOAN SERVICING, LLC 61 5.97% $13,297
STOCKTON MORTGAGE CORPORATION 61 6.50% $10,053
Citizens Bank 61 6.05% $10,985
MORTGAGE ONE OF THE SOUTH, INC. 58 5.78% $7,348
Centennial Bank 56 6.36% $12,159
MICHIGAN MUTUAL, INC. 54 6.25% $12,204
VANDERBILT MORTGAGE AND FINANCE, INC. 54 5.59% $4,016
JPMorgan Chase Bank 53 6.11% $7,887
ACADEMY MORTGAGE CORPORATION 52 6.78% $11,612
TOWNE MORTGAGE COMPANY 52 6.49% $12,653
SUCCESS MORTGAGE PARTNERS, INC. 51 6.68% $13,472
VAN DYK MORTGAGE CORPORATION 48 6.67% $9,968
South State Bank 47 6.14% $9,168
DSLD MORTGAGE, LLC 47 5.96% $7,117
WATSON MORTGAGE CORP. 46 6.21% $10,382
American Mortgage & Equity Consultants, Inc. 45 6.49% $11,048
Nations Lending Corporation 44 6.37% $15,480
GENEVA FINANCIAL, LLC 44 6.60% $16,061
BAY EQUITY LLC 43 6.35% $9,650
PRIMARY RESIDENTIAL MORTGAGE, INC. 42 6.59% $12,839
Sierra Pacific Mortgage Company, Inc. 41 6.15% $10,550
FIDELITY BANK 41 6.43% $8,054
EMM LOANS LLC 41 6.46% $14,598
METROPLEX MORTGAGE SERVICES, INC. 38 6.72% $7,672
GERSHMAN INVESTMENT CORP. 37 6.56% $10,352
NETWORK CAPITAL FUNDING CORPORATION 36 6.16% $13,673
BNC National Bank 36 5.47% $11,439
Strong Home Mortgage, LLC 35 5.79% $12,101
Trustmark National Bank 35 6.32% $7,709
TBI MORTGAGE COMPANY 34 5.82% $15,014
RESOURCE FINANCIAL SERVICES, INC. 33 6.36% $10,609
Armed Forces Bank 33 6.08% $13,282
Keystone Funding, Inc. 33 6.09% $11,539
AMERICAN FINANCIAL RESOURCES, INC. 32 6.67% $9,021
ACOPIA, LLC 31 6.40% $8,787
Bell Bank 31 6.16% $8,402
ENVOY MORTGAGE, LTD 31 6.47% $11,525
RELIANCE FIRST CAPITAL, LLC 30 6.40% $12,112
NEAL COMMUNITIES FUNDING, LLC 30 6.63% $9,923
DAS Acquisition Company, LLC 29 6.51% $11,582
LEADERONE FINANCIAL CORPORATION 29 6.51% $10,449
BAYSHORE MORTGAGE FUNDING, LLC 29 6.75% $15,221
Synovus Bank 28 6.33% $6,458
NORTHPOINT MORTGAGE, INC. 28 6.13% $9,221
First Horizon Bank 28 6.24% $14,081
HOMEOWNERS FINANCIAL GROUP USA, LLC 27 6.56% $11,684
First Heritage Mortgage, LLC 27 6.41% $18,632
FIRST COMMUNITY MORTGAGE, INC. 27 6.37% $9,567
CONTOUR MORTGAGE CORPORATION 26 6.45% $16,135
VERITAS FUNDING, LLC 25 6.33% $23,273
PREFERRED LENDING SERVICES, LLC 25 6.51% $8,749
MORTGAGE 1 INCORPORATED 24 6.29% $9,044
MILEND, INC. 24 6.82% $17,370
PARK SQUARE HOME MORTGAGE, LLC 24 5.60% $6,724
THRIVE MORTGAGE, LLC 24 6.75% $11,554
FIRST EQUITY MORTGAGE INCORPORATED 24 5.75% $14,026
OPEN MORTGAGE, LLC 23 6.28% $6,809
VELOCIO MORTGAGE L.L.C. 23 5.51% $8,808
TJC Mortgage, Inc. 23 6.48% $13,315
CBM Mortgage, Inc. 23 6.03% $17,883
NATIONS DIRECT MORTGAGE, LLC 22 6.52% $13,550
HOMESTAR FINANCIAL CORPORATION 21 6.46% $11,814
PREMIA MORTGAGE, LLC 21 5.77% $6,447
ABSOLUTE HOME MORTGAGE CORPORATION 21 6.67% $12,605
BankPlus 20 6.34% $12,550
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 20 6.02% $10,297
Lakeview Community Capital, LLC 19 6.09% $12,216
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 19 6.52% $15,913
FIRST MORTGAGE COMPANY, INC. 19 6.18% $11,210
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 19 6.51% $8,588
DIRECT MORTGAGE LOANS, LLC 19 6.66% $12,647
Northpointe Bank 18 5.88% $16,430
NATIONWIDE MORTGAGE BANKERS, INC. 18 6.63% $15,291
T2 FINANCIAL LLC 18 6.75% $10,589
Presidential Bank, FSB 17 6.35% $10,090
MY MORTGAGE, INC. 17 7.08% $12,497
Cornerstone First Mortgage, Inc 17 6.91% $11,092
CRESCENT MORTGAGE COMPANY 17 6.64% $5,316
SOUTHEAST MORTGAGE OF GEORGIA, INC. 17 6.37% $10,677
MORTGAGEONE, INC. 17 7.17% $5,100
LADERA LENDING, INC. 17 6.14% $15,291
GSF Mortgage Corporation 17 6.49% $10,166
United Community Bank 17 6.03% $12,593
Gateway First Bank 17 6.69% $9,987
LAND HOME FINANCIAL SERVICES, INC. 16 6.45% $10,859
North American Savings Bank, F.S.B. 16 5.62% $11,106
Fifth Third Bank 16 6.39% $5,016
Renasant Bank 16 5.89% $7,292
United Fidelity Funding Corp. 16 6.27% $13,655
HomePromise Corporation 16 7.38% $10,757
Hancock Whitney Bank 15 5.98% $11,056
AMERICAN BANCSHARES MORTGAGE 15 6.63% $12,552
Capital City Home Loans, LLC 15 6.53% $7,990
PHH Mortgage Corporation 15 6.49% $11,671
Towne Bank 15 6.13% $13,848
GMFS LLC 15 5.98% $11,436
AMCAP MORTGAGE, LTD. 15 6.93% $14,142
CANOPY MORTGAGE, LLC 15 6.73% $12,666
Magnolia Bank 14 6.21% $18,748
Tyndall Federal Credit Union 14 6.64% $7,689
OCMBC, INC. 14 6.85% $8,819
The Central Trust Bank 14 5.50% $14,205
ROSS MORTGAGE CORPORATION 13 6.75% $11,144
Network Funding, L.P. 13 6.56% $13,128
RESIDENTIAL BANCORP 13 6.15% $14,642
AMERICAN FINANCING CORPORATION 13 6.38% $11,913
TOP FLITE FINANCIAL, INC. 12 6.68% $19,996
Summit Mortgage Corporation 12 6.55% $8,578
Goldwater Bank, N.A. 12 7.08% $13,445
MID AMERICA MORTGAGE, INC. 12 6.26% $19,465
DRAPER AND KRAMER MORTGAGE CORP. 12 6.19% $9,708
ZILLOW HOME LOANS, LLC 11 6.03% $10,304
MORTGAGE EQUITY PARTNERS LLC 11 6.48% $21,032
PNC Bank 11 6.60% $7,420
AMERICAN PORTFOLIO MORTGAGE CORPORATION 10 6.71% $8,860
SECURITYNATIONAL MORTGAGE COMPANY 10 6.33% $15,701
NP, Inc. 10 6.45% $13,225
HOMESPIRE MORTGAGE CORPORATION 10 7.01% $9,258
MORTGAGE FINANCIAL GROUP, INC. 10 6.49% $10,369
CITY FIRST MORTGAGE SERVICES, L.L.C. 10 6.89% $12,193
First Option Mortgage, LLC 10 7.26% $9,891
GoPrime Mortgage, Inc. 10 6.20% $10,488
LEGEND LENDING CORPORATION 10 6.31% $14,973
NexBank 9 6.03% $14,466
GARDNER FINANCIAL SERVICES, LTD. 9 7.01% $10,399
Advisors Mortgage Group, L.L.C. 9 6.07% $7,424
SOUTHWEST STAGE FUNDING, LLC 9 6.60% $3,028
COMMUNITY CREDIT UNION OF FLORIDA 9 6.06% $7,905
PREMIER MORTGAGE RESOURCES, L.L.C. 9 6.38% $10,741
SeaTrust Mortgage Company 9 6.29% $10,423
BAY CAPITAL MORTGAGE CORPORATION 9 6.40% $13,890
VYSTAR 9 6.65% $8,186
KELLER MORTGAGE, LLC 9 5.76% $13,859
ALLIED MORTGAGE GROUP, INC. 8 6.66% $9,065
Carrington Mortgage Services, LLC 8 6.09% $6,602
EQUITY RESOURCES, INC. 8 6.72% $10,178
FIRST HOME MORTGAGE CORPORATION 8 6.41% $18,522
PACIFIC RESIDENTIAL MORTGAGE, LLC 8 6.52% $10,660
SOUTHPOINT FINANCIAL SERVICES, INC. 8 6.80% $8,904
Florida Capital Bank 8 6.30% $10,473
Alcova Mortgage LLC 8 6.92% $11,693
RUOFF MORTGAGE COMPANY, INC. 8 6.34% $10,796
ON Q FINANCIAL, INC. 8 7.00% $11,886
Meridian Bank Corporation 8 6.37% $8,576
Community First National Bank 7 6.45% $5,454
SOVEREIGN LENDING GROUP INCORPORATED 7 5.55% $15,809
FIRST ALLIANCE HOME MORTGAGE, LLC 7 6.96% $38,003
Paramount Bank 7 7.04% $9,451
J. VIRGIL, INC. 7 6.54% $12,106
HALLMARK HOME MORTGAGE, LLC 7 6.48% $9,864
Atlantic Coast Mortgage, LLC 7 6.57% $8,782
HOMETRUST MORTGAGE COMPANY 7 6.16% $6,630
SOUTHERN TRUST MORTGAGE, LLC 6 5.96% $12,967
ServisFirst Bank 6 6.44% $10,185
PANORAMA MORTGAGE GROUP, LLC 6 6.69% $16,651
First Savings Bank 6 5.71% $17,025
NORWICH COMMERCIAL GROUP, INC. 6 6.48% $18,379
City National Bank of Florida 6 6.65% $10,565
TIDEWATER MORTGAGE SERVICES, INC. 6 6.54% $11,471
MORIA DEVELOPMENT, INC. 6 6.83% $11,917
Wolfe Financial, Inc 6 6.75% $19,940
ROYAL UNITED MORTGAGE LLC 6 6.71% $23,410
NJ LENDERS CORP. 6 4.88% $5,622
FAIRWAY FUNDING GROUP, INC. 6 6.23% $12,027
SUMMIT FUNDING, INC. 6 6.58% $12,017
Franklin Loan Corporation 6 6.15% $22,525
The Loan Store, Inc. 6 6.23% $16,040
Farmers Bank & Trust 5 5.33% $7,248
NBH Bank 5 6.35% $8,160
FIRST EQUITY MORTGAGE BANKERS, INC. 5 6.58% $12,861
US MORTGAGE CORPORATION 5 7.05% $16,787
AmeriHome Mortgage Company, LLC 5 6.13% $8,000
DELMAR FINANCIAL COMPANY 5 6.90% $6,078
Town Square Mortgage & Investments, Inc. 5 6.68% $11,100
Service Federal Credit Union 5 6.33% $4,057
INTERCOASTAL MORTGAGE COMPANY 5 6.53% $12,624
TOTAL MORTGAGE SERVICES, LLC 5 6.18% $15,454
Total Media Management, LLC 5 6.25% $11,224
POINT Mortgage 5 6.73% $14,561
HOMESTEAD FUNDING CORP. 5 5.80% $11,170
AXIA FINANCIAL, LLC 5 5.92% $11,800
Residential Mortgage Solutions, Inc. 5 7.15% $14,064
CORNERSTONE HOME LENDING, INC. 5 7.05% $9,456
Seacoast National Bank 5 7.00% $9,841
Midwest Mortgage Associates Corporation 5 7.23% $8,344
Bank of America 5 6.63% $8,871
Premium Mortgage Corporation 5 6.20% $10,921
M&T Bank 5 6.35% $9,084
Commerce Home Mortgage, Inc. 4 6.34% $9,808
1ST SIGNATURE LENDING, LLC 4 7.16% $12,118
American Security Mortgage Corp. 4 5.81% $15,945
LAKE MICHIGAN CREDIT UNION 4 6.06% $8,483
LENOX FINANCIAL MORTGAGE CORPORATION 4 5.97% $10,909
THE EQUITABLE MORTGAGE CORPORATION 4 5.97% $8,188
Wyndham Capital Mortgage, Inc. 4 5.59% $4,499
MORTGAGE INVESTORS GROUP, INC. 4 6.59% $24,147
FIRST CENTENNIAL MORTGAGE CORPORATION 4 6.63% $8,269
FEDERATED MORTGAGE CORP. 4 6.28% $10,005
NATIONS RELIABLE LENDING, LLC 4 6.41% $11,333
V.I.P. MORTGAGE, INC. 4 6.03% $16,850
INTELLILOAN, INC. 4 6.38% $17,091
INTERCAP LENDING INC. 4 6.97% $3,014
NOVA FINANCIAL & INVESTMENT CORPORATION 4 6.28% $9,625
SHELTER MORTGAGE COMPANY, L.L.C. 4 6.06% $10,345
Pacific Lending LLC 4 6.97% $17,850
RADIUS FINANCIAL GROUP INC. 3 6.12% $10,281
EUSTIS AND AMERICAN MORTGAGE COMPANY 3 6.75% $12,313
JMAC LENDING, INC. 3 6.54% $7,110
The Huntington National Bank 3 6.79% $14,692
ENDEAVOR CAPITAL, LLC. 3 6.54% $7,328
Capital Bank 3 6.17% $14,161
NEW FED MORTGAGE, CORP. 3 6.17% $12,876
Hometown Equity Mortgage, LLC 3 6.38% $34,367
THE MORTGAGE WAREHOUSE,LLC 3 6.67% $9,007
Shamrock Home Loans, Inc. 3 6.00% $3,927
BancorpSouth 3 6.33% $8,368
First State Bank of St. Charles, Missouri 3 6.33% $9,069
Gulf Coast Bank and Trust Company 3 6.38% $20,931
DHA FINANCIAL, LLC 3 6.54% $6,427
Victorian Finance, LLC 3 6.50% $16,906
SmartBank 3 5.92% $9,659
First United Bank and Trust Company 3 6.71% $7,938
SFMC, LP 3 6.96% $16,526
Lend Smart Mortgage, LLC 3 6.13% $8,925
CASTLE & COOKE MORTGAGE, LLC 3 5.75% $22,358
First Western Trust Bank 3 5.96% $7,880
Pen Air Federal Credit Union 3 6.04% $6,141
FLAT BRANCH MORTGAGE, INC. 3 7.13% $8,362
SHELTER HOME MORTGAGE, LLC 3 6.18% $14,990
Union Savings Bank 3 6.21% $2,536
ONY GLO, INC. 3 6.54% $8,796
Shea Mortgage Inc. 3 5.88% $4,828
Credence Funding Corporation 3 5.79% $8,221
GUARANTY HOME MORTGAGE CORPORATION 3 6.54% $10,048
FirstBank 3 6.58% $12,036
Integrity Home Mortgage Corp 3 6.79% $17,783
RESIDENTIAL HOME FUNDING CORP. 3 5.50% $11,345
FIRST COLONY MORTGAGE CORPORATION 3 6.75% $12,303
BOKF 3 6.13% $10,493
Sunflower Bank 3 5.91% $17,135
HOME FINANCING CENTER, INC. 2 7.63% $20,104
GVC MORTGAGE, INC. 2 6.63% $9,758
GTE Federal Credit Union 2 6.44% $18,168
KEESLER 2 5.19% $11,017
LENDING 3, INC. 2 7.00% $17,956
LIBERTY HOME MORTGAGE CORPORATION 2 6.38% $22,239
LOANFLIGHT LENDING, LLC 2 6.13% $11,585
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 2 5.94% $13,993
MID-ISLAND MORTGAGE CORP. 2 5.94% $9,640
MORTGAGE ACCESS CORP. 2 6.69% $20,478
First Federal Bank, A FSB 2 5.63% $7,561
FIDELITY DIRECT MORTGAGE, LLC 2 6.38% $10,960
FAIR WAY LENDING LLC 2 6.25% $9,245
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 6.75% $16,974
Neighborhood Loans, Inc. 2 6.88% $20,246
East Coast Capital Corp. 2 7.25% $11,727
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 7.00% $13,089
DG PINNACLE FUNDING LLC 2 6.19% $7,322
DEVELOPER'S MORTGAGE COMPANY 2 6.13% $17,748
Core Bank 2 6.44% $8,594
COMMUNITY MORTGAGE CORPORATION 2 6.25% $9,205
POLARIS HOME FUNDING CORP. 2 6.56% $21,486
Community Bank of Mississippi 2 7.19% $7,335
CityWorth Mortgage LLC 2 6.19% $11,683
Citibank 2 6.13% $18,481
CERTAINTY HOME LOANS, LLC 2 5.56% $2,363
Sandy Spring Bank 2 5.75% $13,454
SIRVA MORTGAGE, INC. 2 6.00% $20,828
CALCON MUTUAL MORTGAGE LLC 2 7.00% $16,409
SPACE COAST Credit Union 2 6.13% $5,490
Blue Ridge Bank 2 6.13% $6,544
BANKSOUTH MORTGAGE COMPANY, LLC 2 5.88% $9,712
TD Bank 2 6.69% $3,724
BANKING MORTGAGE SERVICES, B.M.S. CORP. 2 6.81% $22,881
Assurance Financial Group, L.L.C. 2 5.75% $12,241
AMERICAN FEDERAL MORTGAGE CORPORATION 2 6.69% $11,035
Valley National Bank 2 6.56% $3,246
Advance Financial Group, LLC 2 6.50% $12,163
Watermark Capital, Inc. 2 6.25% $14,072
Western Ohio Mortgage Corporation 2 6.75% $9,990
Preston Home Loans Inc 1 6.63% $14,553
1ST FINANCIAL, INC. 1 7.50% $4,374
COMMUNITY MORTGAGE, LLC 1 5.75% $14,999
COMPASS MORTGAGE, INC. 1 6.50% $6,485
Pinnacle Bank 1 6.25% $5,346
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.25% $5,977
CUSTOMER SERVICE MORTGAGE CORPORATION 1 6.63% $14,294
DATA MORTGAGE, INC. 1 6.00% $4,597
Old National Bank 1 6.99% $4,520
OCEANSIDE MORTGAGE COMPANY 1 6.13% $11,184
NTFN, INC. 1 6.75% $9,469
Simmons Bank 1 6.50% $4,023
WRIGHT-PATT CREDIT UNION, INC. 1 6.63% $1,136
Northwest Federal Credit Union 1 6.25% $5,753
NORTHERN MORTGAGE SERVICES, LLC 1 6.00% $4,854
Southern First Bank 1 6.25% $16,700
Elements Financial Federal Credit Union 1 6.50% $28,948
Encompass Lending Group, LP 1 6.25% $16,241
Evolve Bank & Trust 1 6.00% $8,643
INTEGRITY MORTGAGE LLC 1 7.25% $2,834
NASA Federal Credit Union 1 6.13% $11,358
Firstar Bank 1 5.88% $6,858
HOMEXPRESS MORTGAGE CORP. 1 5.63% $14,032
STAUNTON FINANCIAL, INC. 1 6.13% $5,133
Stifel Bank and Trust 1 5.63% $5,857
Cache Valley Bank 1 5.63% $15,920
Stride Bank 1 6.00% $15,578
BRIGHTSTAR 1 6.63% $4,668
MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 6.25% $650
MORTGAGE FINANCIAL SERVICES, LLC 1 7.25% $14,169
BM Real Estate Services, Inc. 1 7.13% $33,072
First Federal Bank of Kansas City 1 5.75% $15,193
Heartland Bank 1 6.50% $20,537
MLD MORTGAGE INC. 1 6.00% $13,738
Acre Mortgage and Financial Inc 1 6.50% $19,968
Bank of Springfield 1 6.63% $5,536
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 5.75% $10,177
Academy Bank 1 6.75% $24,444
The Camden National Bank 1 6.25% $10,149
Bank of Colorado 1 5.50% $12,228
MJW Financial LLC 1 7.75% $14,885
First Liberty Bank 1 5.75% $4,601
The Freedom Bank of Virginia 1 5.25% $16,604
Mid Penn Bank 1 6.38% $32,423
First Merchants Bank 1 6.25% $5,321
THE MONEY HOUSE INC. 1 7.13% $9,587
HANSCOM 1 6.50% $3,254
THE MORTGAGE LINK, INC. 1 6.88% $26,105
First National Bank 1 7.63% $19,849
The Union Bank Company 1 5.50% $10,172
First National Bank of Pennsylvania 1 6.63% $20,163
Tidewater Home Funding, LLC 1 5.25% $10,406
MEMBER FIRST MORTGAGE, LLC 1 6.00% $12,089
MEGASTAR FINANCIAL CORP. 1 6.75% $10,490
MASON MCDUFFIE MORTGAGE CORPORATION 1 7.00% $13,338
MANN FINANCIAL INC. 1 5.63% $7,073
First State Bank 1 7.50% $10,299
TOWN AND COUNTRY Credit Union 1 5.99% $5,045
HARTFORD FUNDING, LTD. 1 5.63% $14,138
Arvest Bank 1 6.50% $2,384
Towne Mortgage, LLC 1 6.00% $15,359
Leader Bank 1 5.75% $4,254
ARC HOME LLC 1 5.00% $9,599
AmRes Corporation 1 5.99% $8,414
AMERITRUST MORTGAGE CORPORATION 1 6.00% $13,843
UNION CAPITAL MORTGAGE CORPORATION 1 6.63% $26,507
Flanagan State Bank 1 6.63% $4,301
George Mason Mortgage, LLC 1 7.00% $9,079
KeyBank 1 6.75% $7,326
GREENTREE MORTGAGE COMPANY, L.P. 1 6.88% $6,900
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.75% $14,501
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 7.00% $7,039
UNIVERSAL LENDING CORPORATION 1 6.00% $19,060
AMERICAN INTERNET MORTGAGE, INC. 1 5.00% $13,019
Willamette Valley Bank 1 6.25% $10,368
JMJ FINANCIAL GROUP 1 6.00% $16,773
GREENWAY MORTGAGE FUNDING CORP. 1 7.38% $11,727
HARBORONE MORTGAGE, LLC 1 5.50% $20,533
Alliance Credit Union 1 6.63% $6,946
JET DIRECT FUNDING CORP 1 6.13% $49,184
Vellum Mortgage, Inc. 1 7.63% $13,698
RAPID MORTGAGE COMPANY 1 7.63% $7,089
READY MORTGAGE LENDERS, LLC 1 7.25% $6,195
AIR ACADEMY 1 5.50% $5,576
CIBM Bank 1 5.75% $11,103
Chickasaw Community Bank 1 6.75% $8,493
Republic Bank & Trust Company 1 6.13% $7,563
CHERRY CREEK MORTGAGE, LLC 1 7.13% $11,010
RAILROAD & INDUSTRIAL 1 6.63% $20,797
RESIDENTIAL HOME MORTGAGE CORPORATION 1 5.50% $15,065
Prosperity Bank 1 6.13% $10,595
ISERVE RESIDENTIAL LENDING, LLC 1 7.25% $10,904
CB&S Bank, Inc. 1 5.13% $31,981
Princeton Mortgage Corporation 1 7.25% $7,842
CLIFFCO, INC. 1 6.99% $9,797
S1L, Inc. 1 6.75% $11,565
INTERSTATE HOME LOAN CENTER, INC. 1 6.13% $11,239

The top Florida VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4,275 VA loans originated. Their average total fees are $8,667, which is $1,822 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Florida VA lenders (with over 10 loans originated) are VANDERBILT MORTGAGE AND FINANCE, INC. ($4,016), Fifth Third Bank ($5,016), MORTGAGEONE, INC. ($5,100), CRESCENT MORTGAGE COMPANY ($5,316) and HOMEAMERICAN MORTGAGE CORPORATION ($6,442).

The lowest rate Florida VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.40%), EAGLE HOME MORTGAGE, LLC (5.46%), BNC National Bank (5.47%), NVR Mortgage Finance, Inc. (5.49%) and The Central Trust Bank (5.50%).

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.