Punta Gorda FHA Loan Rates, Closing Costs & Stats

PUNTA GORDA, FL

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Punta Gorda's 144 lenders originated 1,186 FHA loans during 2024. The total origination value was $363,220,000, with an average FHA loan value of $306,256.

    Punta Gorda FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Punta Gorda averaged 6.49% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Punta Gorda's average FHA mortgage closing costs are $9,427.

    The average rate for the prior week (2025-05-16) was 6.62% and one month ago for the week of 2025-04-18, the average rate was 6.65%.

    The average rate one year ago was 6.72%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.65%.

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

    Punta Gorda FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Punta Gorda level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 162 6.16% $14,417
    QUICKEN LOANS, LLC 81 6.28% $12,862
    DHI MORTGAGE COMPANY, LTD. 58 5.39% $9,359
    LOANDEPOT.COM, LLC 45 6.00% $13,503
    EAGLE HOME MORTGAGE, LLC 38 5.77% $12,189
    INSPIRE HOME LOANS INC. 36 4.94% $9,985
    CROSSCOUNTRY MORTGAGE, LLC 34 6.63% $13,082
    PENNYMAC LOAN SERVICES, LLC 28 6.28% $11,972
    NEWREZ LLC 21 6.36% $11,704
    FREEDOM MORTGAGE CORPORATION 20 6.09% $14,214
    Paramount Residential Mortgage Group, Inc. 19 6.61% $15,353
    BROKER SOLUTIONS, INC. 18 6.77% $10,484
    NVR Mortgage Finance, Inc. 18 6.08% $12,905
    HOMESIDE FINANCIAL, LLC 17 6.52% $13,681
    FBC MORTGAGE, LLC 15 5.75% $11,177
    THE MORTGAGE FIRM, INC. 14 6.69% $11,129
    AMERICAN PACIFIC MORTGAGE CORPORATION 14 6.51% $14,856
    M/I FINANCIAL, LLC 14 5.63% $15,357
    The Loan Store, Inc. 14 6.21% $11,525
    Ixonia Bank 13 6.62% $13,058
    CARDINAL FINANCIAL 13 6.19% $15,273
    GERSHMAN INVESTMENT CORP. 11 6.36% $11,120
    PARK SQUARE HOME MORTGAGE, LLC 11 4.72% $12,090
    GUARANTEED RATE, INC. 10 6.40% $12,986
    Flagstar Bank, FSB 8 6.32% $11,130
    TJC Mortgage, Inc. 8 6.31% $14,377
    EMBRACE HOME LOANS, INC. 7 6.21% $15,931
    Century Mortgage Company DBA Century Lending Company 7 6.02% $14,897
    EVERETT FINANCIAL, INC. 7 6.70% $14,728
    FIRST COMMUNITY MORTGAGE, INC. 7 6.95% $9,902
    Carrington Mortgage Services, LLC 7 6.30% $15,554
    Granite Community Bank 6 6.33% $14,641
    American Mortgage & Equity Consultants, Inc. 6 6.71% $10,955
    LOANPAL, LLC 6 5.69% $14,488
    CMG MORTGAGE, INC. 6 5.64% $14,727
    MUTUAL OF OMAHA MORTGAGE, INC. 6 6.38% $14,284
    PULTE MORTGAGE LLC 6 5.81% $9,545
    STOCKTON MORTGAGE CORPORATION 6 6.29% $17,384
    AMERICAN FINANCIAL NETWORK, INC. 6 6.92% $15,833
    Equity Prime Mortgage LLC 5 6.23% $13,130
    LAKEVIEW LOAN SERVICING, LLC 5 6.45% $8,349
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.47% $11,500
    UNION HOME MORTGAGE CORP. 5 6.05% $14,754
    MOVEMENT MORTGAGE, LLC 5 6.88% $15,892
    ZILLOW HOME LOANS, LLC 4 6.31% $12,548
    Bank of England 4 6.72% $12,351
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.53% $12,474
    GUILD MORTGAGE COMPANY 4 6.31% $11,990
    Keystone Funding, Inc. 4 6.09% $9,331
    LEADERONE FINANCIAL CORPORATION 4 6.91% $10,761
    NFM, INC. 4 6.38% $15,024
    NP, Inc. 4 6.56% $13,392
    PLANET HOME LENDING, LLC 4 6.56% $11,087
    SeaTrust Mortgage Company 4 6.43% $9,757
    VAN DYK MORTGAGE CORPORATION 4 6.72% $5,975
    VILLAGE CAPITAL MORTGAGE 4 6.41% $11,278
    SECURITYNATIONAL MORTGAGE COMPANY 3 6.92% $23,243
    FIRST ALLIANCE HOME MORTGAGE, LLC 3 6.46% $15,572
    Regions Bank 3 6.67% $11,187
    JPMorgan Chase Bank 3 6.67% $10,377
    AmeriHome Mortgage Company, LLC 3 6.46% $7,738
    Waterstone Mortgage Corporation 3 6.54% $13,647
    Premium Mortgage Corporation 3 6.67% $11,607
    OCMBC, INC. 3 7.29% $13,727
    Bank of America 3 6.33% $7,146
    Mr. Cooper ( Nationstar Mortgage ) 3 6.75% $10,102
    MORTGAGE 1 INCORPORATED 3 6.63% $13,152
    EMM LOANS LLC 3 6.75% $14,780
    AMERICAN FINANCIAL RESOURCES, INC. 3 7.25% $10,436
    Synovus Bank 2 6.38% $12,063
    Truist 2 6.44% $7,724
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.75% $15,060
    Cornerstone First Mortgage, Inc 2 6.19% $12,926
    Centennial Bank 2 7.13% $8,108
    LADERA LENDING, INC. 2 6.25% $12,884
    LAKE MICHIGAN CREDIT UNION 2 5.94% $9,941
    Lakeview Community Capital, LLC 2 6.00% $7,326
    CANOPY MORTGAGE, LLC 2 6.25% $15,330
    CALCON MUTUAL MORTGAGE LLC 2 6.25% $13,325
    Loan Simple, Inc. 2 7.12% $14,279
    MY MORTGAGE, INC. 2 6.44% $10,520
    Nations Lending Corporation 2 7.00% $11,717
    PANORAMA MORTGAGE GROUP, LLC 2 6.94% $13,120
    Plains Commerce Bank 2 6.31% $13,245
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.81% $15,167
    Residential Acceptance Corporation 2 6.88% $12,695
    South Pacific Financial Corporation 2 5.81% $10,524
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.56% $11,586
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.38% $9,513
    SUN WEST MORTGAGE COMPANY, INC. 2 6.38% $13,879
    T2 FINANCIAL LLC 2 6.75% $18,354
    THE EQUITABLE MORTGAGE CORPORATION 2 6.69% $10,818
    AMERICAN BANCSHARES MORTGAGE 2 6.50% $11,112
    FAIRWAY FUNDING GROUP, INC. 2 6.37% $11,545
    TOWNE MORTGAGE COMPANY 2 5.81% $18,742
    GUARANTEED RATE AFFINITY, LLC 2 6.48% $15,185
    The Union Bank Company 1 7.13% $8,358
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $9,082
    Ameris Bank 1 6.13% $13,215
    AMERISAVE MORTGAGE CORPORATION 1 7.25% $9,549
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.75% $12,893
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.13% $9,272
    PLAZA HOME MORTGAGE, INC. 1 6.50% $19,757
    ALLIED MORTGAGE GROUP, INC. 1 6.13% $13,695
    MICHIGAN MUTUAL, INC. 1 7.25% $14,108
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $12,455
    Prosperity Home Mortgage, LLC 1 5.88% $16,396
    BETTER MORTGAGE CORPORATION 1 5.88% $11,789
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.25% $6,558
    United Community Bank 1 6.25% $11,997
    Towne Bank 1 5.75% $8,754
    Residential Mortgage Solutions, Inc. 1 6.25% $23,899
    RUOFF MORTGAGE COMPANY, INC. 1 6.75% $15,342
    Sandy Spring Bank 1 5.75% $9,482
    Alcova Mortgage LLC 1 6.88% $6,392
    INTELLILOAN, INC. 1 6.13% $2,289
    Sierra Pacific Mortgage Company, Inc. 1 5.99% $12,665
    First Federal Bank 1 5.63% $12,803
    First Heritage Mortgage, LLC 1 5.75% $12,577
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $13,759
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.75% $20,970
    DAS Acquisition Company, LLC 1 7.13% $9,311
    GENEVA FINANCIAL, LLC 1 6.25% $17,661
    TD Bank 1 7.00% $9,304
    The Central Trust Bank 1 6.25% $9,490
    GEO-CORP, INC. 1 7.63% $11,579
    The Federal Savings Bank 1 5.75% $18,719
    Commerce Home Mortgage, Inc. 1 6.38% $18,697
    MORTGAGE EQUITY PARTNERS LLC 1 6.00% $9,909
    MORTGAGE INVESTORS GROUP, INC. 1 6.75% $7,858
    Mortgage Lenders Investment Trading Corporation 1 7.75% $12,120
    Mortgage Research Center, LLC 1 6.63% $12,281
    Barrington Bank & Trust Company, N.A. 1 6.75% $9,496
    MLB RESIDENTIAL LENDING, LLC 1 7.13% $15,972
    Bank of Tennessee 1 5.63% $10,511
    GVC MORTGAGE, INC. 1 6.13% $16,734
    NATION ONE MORTGAGE CORPORATION 1 6.25% $15,114
    THE MORTGAGE WAREHOUSE,LLC 1 6.25% $9,017
    NEAL COMMUNITIES FUNDING, LLC 1 6.13% $9,457
    MILEND, INC. 1 6.75% $12,080
    Acre Mortgage and Financial Inc 1 6.63% $19,628
    Wells Fargo Bank 1 6.88% $12,988
    BancorpSouth 1 6.25% $14,357
    BAY CAPITAL MORTGAGE CORPORATION 1 6.25% $9,891

    The top Punta Gorda FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 162 FHA loans originated. Their average total fees are $14,417, which is $1,555 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Punta Gorda FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($9,359), INSPIRE HOME LOANS INC. ($9,985), BROKER SOLUTIONS, INC. ($10,484), GERSHMAN INVESTMENT CORP. ($11,120) and THE MORTGAGE FIRM, INC. ($11,129).

    The lowest rate Punta Gorda FHA lenders (with over 10 loans originated) are PARK SQUARE HOME MORTGAGE, LLC (4.72%), INSPIRE HOME LOANS INC. (4.94%), DHI MORTGAGE COMPANY, LTD. (5.39%), M/I FINANCIAL, LLC (5.63%) and FBC MORTGAGE, LLC (5.75%).

    Punta Gorda FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    PUNTA GORDA, FL CHARLOTTE 2022 $420,680 $538,650 $651,050 $809,150
    PUNTA GORDA, FL CHARLOTTE 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Punta Gorda (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 $274,900 (1.9%) $364,771 (-2.3%) 1.02 2,208
    2018-02-01 $274,950 (2.2%) $366,508 (-0.3%) 1.00 2,254
    2018-03-01 $275,000 (3.8%) $365,951 (0.2%) 0.96 2,257
    2018-04-01 $269,950 (1.6%) $366,466 (0.6%) 0.92 2,187
    2018-05-01 $269,950 (2.8%) $365,442 (1.0%) 0.90 2,074
    2018-06-01 $274,900 (4.1%) $373,399 (4.4%) 0.92 1,937
    2018-07-01 $271,790 (2.6%) $368,957 (3.9%) 0.91 1,859
    2018-08-01 $269,949 (1.9%) $361,520 (2.0%) 0.90 1,811
    2018-09-01 $269,000 (1.6%) $354,561 (1.1%) 0.90 1,788
    2018-10-01 $274,925 (3.0%) $363,862 (4.7%) 0.93 1,880
    2018-11-01 $279,250 (3.0%) $367,202 (3.2%) 0.95 2,114
    2018-12-01 $279,900 (3.7%) $373,128 (2.6%) 0.97 2,309
    2019-01-01 $280,000 (1.9%) $375,992 (3.1%) 0.97 2,442
    2019-02-01 $279,950 (1.8%) $374,255 (2.1%) 0.95 2,608
    2019-03-01 $277,857 (1.0%) $369,372 (0.9%) 0.91 2,575
    2019-04-01 $275,000 (1.9%) $365,050 (-0.4%) 0.87 2,486
    2019-05-01 $275,000 (1.9%) $363,630 (-0.5%) 0.86 2,293
    2019-06-01 $274,900 (0.0%) $363,767 (-2.6%) 0.86 2,096
    2019-07-01 $274,998 (1.2%) $366,279 (-0.7%) 0.86 1,929
    2019-08-01 $276,091 (2.3%) $367,859 (1.8%) 0.87 1,894
    2019-09-01 $277,727 (3.2%) $369,370 (4.2%) 0.89 1,885
    2019-10-01 $279,000 (1.5%) $370,941 (2.0%) 0.90 1,897
    2019-11-01 $279,900 (0.2%) $375,094 (2.2%) 0.92 1,993
    2019-12-01 $290,000 (3.6%) $389,098 (4.3%) 0.97 2,011
    2020-01-01 $290,000 (3.6%) $389,001 (3.5%) 0.97 2,020
    2020-02-01 $289,900 (3.6%) $390,172 (4.3%) 0.95 2,017
    2020-03-01 $286,000 (2.9%) $388,578 (5.2%) 0.90 2,007
    2020-04-01 $283,195 (3.0%) $380,849 (4.3%) 0.89 2,029
    2020-05-01 $285,000 (3.6%) $384,844 (5.8%) 0.87 1,933
    2020-06-01 $284,510 (3.5%) $391,581 (7.7%) 0.84 1,716
    2020-07-01 $282,235 (2.6%) $392,216 (7.1%) 0.82 1,516
    2020-08-01 $284,040 (2.9%) $392,176 (6.6%) 0.81 1,411
    2020-09-01 $279,800 (0.8%) $395,767 (7.2%) 0.80 1,344
    2020-10-01 $276,590 (-0.9%) $401,713 (8.3%) 0.79 1,299
    2020-11-01 $278,950 (-0.3%) $412,795 (10.1%) 0.82 1,254
    2020-12-01 $289,675 (-0.1%) $422,575 (8.6%) 0.86 1,165
    2021-01-01 $294,900 (1.7%) $451,789 (16.1%) 0.88 1,003
    2021-02-01 $297,948 (2.8%) $459,840 (17.9%) 0.87 798
    2021-03-01 $300,000 (4.9%) $462,255 (19.0%) 0.85 615
    2021-04-01 $322,425 (13.9%) $489,867 (28.6%) 0.87 522
    2021-05-01 $324,900 (14.0%) $476,577 (23.8%) 0.86 537
    2021-06-01 $337,500 (18.6%) $488,708 (24.8%) 0.89 535
    2021-07-01 $355,900 (26.1%) $509,041 (29.8%) 0.94 583
    2021-08-01 $370,000 (30.3%) $523,803 (33.6%) 0.99 623
    2021-09-01 $374,950 (34.0%) $528,588 (33.6%) 1.00 641
    2021-10-01 $379,900 (37.4%) $545,744 (35.9%) 1.01 649
    2021-11-01 $399,225 (43.1%) $599,207 (45.2%) 1.07 609
    2021-12-01 $395,463 (36.5%) $595,410 (40.9%) 1.07 639
    2022-01-01 $391,527 (32.8%) $587,603 (30.1%) 1.06 534
    2022-02-01 $422,500 (41.8%) $623,182 (35.5%) 1.10 530
    2022-03-01 $430,227 (43.4%) $630,148 (36.3%) 1.08 555
    2022-04-01 $435,699 (35.1%) $627,310 (28.1%) 1.04 659
    2022-05-01 $454,475 (39.9%) $625,715 (31.3%) 1.04 849
    2022-06-01 $457,625 (35.6%) $621,058 (27.1%) 1.02 1,019
    2022-07-01 $449,900 (26.4%) $603,564 (18.6%) 1.01 1,165
    2022-08-01 $448,000 (21.1%) $565,445 (8.0%) 1.04 1,265
    2022-09-01 $449,347 (19.8%) $565,328 (7.0%) 1.05 1,292
    2022-10-01 $449,900 (18.4%) $571,051 (4.6%) 1.06 1,159
    2022-11-01 $440,875 (10.4%) $560,025 (-6.5%) 1.06 1,172
    2022-12-01 $425,000 (7.5%) $555,939 (-6.6%) 1.05 1,190
    2023-01-01 $428,925 (9.6%) $560,946 (-4.5%) 1.06 1,291
    2023-02-01 $436,972 (3.4%) $583,270 (-6.4%) 1.05 1,399
    2023-03-01 $438,850 (2.0%) $575,524 (-8.7%) 1.04 1,583
    2023-04-01 $430,410 (-1.2%) $569,089 (-9.3%) 1.00 1,767
    2023-05-01 $432,475 (-4.8%) $573,236 (-8.4%) 0.98 1,813
    2023-06-01 $434,975 (-5.0%) $567,375 (-8.6%) 0.98 1,919
    2023-07-01 $429,000 (-4.7%) $554,172 (-8.2%) 0.98 2,004
    2023-08-01 $426,523 (-4.8%) $542,444 (-4.1%) 0.98 2,037
    2023-09-01 $429,000 (-4.5%) $537,217 (-5.0%) 1.00 2,203
    2023-10-01 $432,000 (-4.0%) $546,167 (-4.4%) 1.02 2,418
    2023-11-01 $429,900 (-2.5%) $551,449 (-1.5%) 1.02 2,687
    2023-12-01 $427,500 (0.6%) $553,021 (-0.5%) 1.04 2,987
    2024-01-01 $425,000 (-0.9%) $558,551 (-0.4%) 1.04 3,216
    2024-02-01 $425,000 (-2.7%) $558,029 (-4.3%) 1.02 3,502
    2024-03-01 $419,000 (-4.5%) $547,362 (-4.9%) 0.99 3,636
    2024-04-01 $415,088 (-3.6%) $535,672 (-5.9%) 0.97 3,673
    2024-05-01 $413,225 (-4.5%) $533,090 (-7.0%) 0.94 3,677
    2024-06-01 $402,225 (-7.5%) $524,554 (-7.6%) 0.91 3,564
    2024-07-01 $399,900 (-6.8%) $512,990 (-7.4%) 0.91 3,392
    2024-08-01 $397,000 (-6.9%) $502,420 (-7.4%) 0.92 3,277
    2024-09-01 $391,663 (-8.7%) $492,605 (-8.3%) 0.92 3,257
    2024-10-01 $389,900 (-9.8%) $487,007 (-10.8%) 0.92 3,176
    2024-11-01 $389,900 (-9.3%) $486,948 (-11.7%) 0.94 3,601
    2024-12-01 $394,900 (-7.6%) $492,177 (-11.0%) 0.98 3,882
    2025-01-01 $395,000 (-7.1%) $496,271 (-11.2%) 0.99 4,147
    2025-02-01 $397,350 (-6.5%) $503,740 (-9.7%) 0.96 4,585
    2025-03-01 $392,000 (-6.4%) $503,098 (-8.1%) 0.92 4,865
    2025-04-01 $392,000 (-5.6%) $506,363 (-5.5%) 0.91 4,871
    Punta Gorda's median listing price for 2025-04-01 was $392,000, a difference of $-23,088 (-5.6%) versus the prior year and $0 versus the prior month.

    Punta Gorda's median listing price comes in at 91% of the national average.

    Punta Gorda's average listing price for 2025-04-01 was $506,363, a difference of $-29,309 (-5.5%) versus the prior year and $3,265 versus the prior month.

    For the 2025-04-01 period, Punta Gorda had 4,871 MLS listings, a difference of 6 listings (0%) versus the prior month and 1,198 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Punta Gorda (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 69 days 1,800 sqft
    2018-02-01 68 days 1,790 sqft
    2018-03-01 66 days 1,787 sqft
    2018-04-01 71 days 1,777 sqft
    2018-05-01 74 days 1,759 sqft
    2018-06-01 85 days 1,768 sqft
    2018-07-01 87 days 1,782 sqft
    2018-08-01 86 days 1,758 sqft
    2018-09-01 86 days 1,756 sqft
    2018-10-01 84 days 1,765 sqft
    2018-11-01 65 days 1,760 sqft
    2018-12-01 66 days 1,767 sqft
    2019-01-01 73 days 1,771 sqft
    2019-02-01 71 days 1,756 sqft
    2019-03-01 72 days 1,745 sqft
    2019-04-01 74 days 1,728 sqft
    2019-05-01 81 days 1,721 sqft
    2019-06-01 89 days 1,722 sqft
    2019-07-01 93 days 1,729 sqft
    2019-08-01 92 days 1,754 sqft
    2019-09-01 90 days 1,753 sqft
    2019-10-01 86 days 1,754 sqft
    2019-11-01 71 days 1,766 sqft
    2019-12-01 73 days 1,789 sqft
    2020-01-01 78 days 1,780 sqft
    2020-02-01 73 days 1,770 sqft
    2020-03-01 66 days 1,760 sqft
    2020-04-01 70 days 1,742 sqft
    2020-05-01 78 days 1,732 sqft
    2020-06-01 90 days 1,696 sqft
    2020-07-01 89 days 1,699 sqft
    2020-08-01 74 days 1,694 sqft
    2020-09-01 72 days 1,716 sqft
    2020-10-01 61 days 1,685 sqft
    2020-11-01 61 days 1,692 sqft
    2020-12-01 66 days 1,692 sqft
    2021-01-01 70 days 1,692 sqft
    2021-02-01 59 days 1,686 sqft
    2021-03-01 44 days 1,665 sqft
    2021-04-01 43 days 1,678 sqft
    2021-05-01 38 days 1,684 sqft
    2021-06-01 38 days 1,686 sqft
    2021-07-01 37 days 1,685 sqft
    2021-08-01 41 days 1,708 sqft
    2021-09-01 43 days 1,691 sqft
    2021-10-01 46 days 1,710 sqft
    2021-11-01 46 days 1,738 sqft
    2021-12-01 54 days 1,733 sqft
    2022-01-01 49 days 1,715 sqft
    2022-02-01 37 days 1,755 sqft
    2022-03-01 37 days 1,728 sqft
    2022-04-01 34 days 1,697 sqft
    2022-05-01 35 days 1,736 sqft
    2022-06-01 39 days 1,714 sqft
    2022-07-01 43 days 1,728 sqft
    2022-08-01 48 days 1,737 sqft
    2022-09-01 52 days 1,753 sqft
    2022-10-01 73 days 1,775 sqft
    2022-11-01 75 days 1,782 sqft
    2022-12-01 79 days 1,744 sqft
    2023-01-01 68 days 1,734 sqft
    2023-02-01 49 days 1,745 sqft
    2023-03-01 45 days 1,729 sqft
    2023-04-01 47 days 1,726 sqft
    2023-05-01 57 days 1,727 sqft
    2023-06-01 62 days 1,714 sqft
    2023-07-01 66 days 1,704 sqft
    2023-08-01 66 days 1,713 sqft
    2023-09-01 71 days 1,720 sqft
    2023-10-01 71 days 1,717 sqft
    2023-11-01 64 days 1,720 sqft
    2023-12-01 67 days 1,713 sqft
    2024-01-01 78 days 1,717 sqft
    2024-02-01 75 days 1,712 sqft
    2024-03-01 69 days 1,700 sqft
    2024-04-01 73 days 1,700 sqft
    2024-05-01 78 days 1,704 sqft
    2024-06-01 82 days 1,698 sqft
    2024-07-01 89 days 1,700 sqft
    2024-08-01 94 days 1,690 sqft
    2024-09-01 93 days 1,688 sqft
    2024-10-01 96 days 1,693 sqft
    2024-11-01 88 days 1,705 sqft
    2024-12-01 81 days 1,712 sqft
    2025-01-01 79 days 1,710 sqft
    2025-02-01 79 days 1,722 sqft
    2025-03-01 75 days 1,725 sqft
    2025-04-01 79 days 1,722 sqft
    Punta Gorda's median listing age (time on market) for 2025-04-01 was 79 days. This is 8% longer than the same period one year ago.

    Punta Gorda's median square footage for active listings during the 2025-04-01 period was 1,722 sqft. One year prior, the average listing was 1,700 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).