Cape Coral VA Loan Rates, Closing Costs & Stats

CAPE CORAL-FORT MYERS, 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.

Cape Coral's 134 lenders originated 1,110 VA loans during 2024. The total origination value was $437,520,000, with an average VA loan value of $394,162.

Cape Coral VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Cape Coral averaged 0.59% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

Cape Coral's average VA mortgage closing costs are $6,937.

The average rate for the prior week (2025-06-13) was 6.64% and one month ago for the week of 2025-05-16, the average rate was 6.7%.

The average rate one year ago was 6.7%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.2%.

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

Cape Coral 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 Cape Coral level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 149 5.95% $9,219
Mortgage Research Center, LLC 148 6.29% $7,469
QUICKEN LOANS, LLC 67 6.09% $11,543
FREEDOM MORTGAGE CORPORATION 56 6.25% $12,473
EAGLE HOME MORTGAGE, LLC 54 5.47% $5,432
DHI MORTGAGE COMPANY, LTD. 42 5.33% $6,414
LOANDEPOT.COM, LLC 36 6.11% $9,365
NAVY FEDERAL CREDIT UNION 27 5.86% $7,297
CROSSCOUNTRY MORTGAGE, LLC 24 6.55% $10,963
PENNYMAC LOAN SERVICES, LLC 23 5.78% $7,663
VILLAGE CAPITAL MORTGAGE 21 5.74% $5,191
PULTE MORTGAGE LLC 20 5.71% $6,995
MORTGAGE 1 INCORPORATED 17 6.24% $7,694
NEWREZ LLC 15 6.10% $8,180
MOVEMENT MORTGAGE, LLC 14 6.42% $8,508
USAA Federal Savings Bank 12 6.45% $7,511
BROKER SOLUTIONS, INC. 12 6.37% $15,652
Paramount Residential Mortgage Group, Inc. 11 6.48% $14,165
NEW DAY FINANCIAL, LLC 10 7.39% $17,264
GUARANTEED RATE, INC. 10 5.96% $4,707
LAKEVIEW LOAN SERVICING, LLC 10 5.59% $5,469
Mid-Continent Funding, Inc. 10 6.04% $8,899
UNION HOME MORTGAGE CORP. 10 6.68% $10,679
American Mortgage & Equity Consultants, Inc. 9 6.31% $18,401
MUTUAL OF OMAHA MORTGAGE, INC. 8 6.33% $16,016
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 7.39% $7,098
GUILD MORTGAGE COMPANY 7 6.77% $8,288
Mr. Cooper ( Nationstar Mortgage ) 6 6.33% $12,640
FBC MORTGAGE, LLC 6 5.99% $5,038
Flagstar Bank, FSB 6 6.27% $7,715
HOMESIDE FINANCIAL, LLC 6 6.42% $10,485
PLANET HOME LENDING, LLC 5 5.90% $3,866
EMBRACE HOME LOANS, INC. 5 5.77% $14,750
AMERICAN FINANCIAL NETWORK, INC. 5 6.18% $9,238
LOANPAL, LLC 5 5.85% $12,478
Century Mortgage Company DBA Century Lending Company 5 6.08% $9,898
Waterstone Mortgage Corporation 4 6.59% $10,597
CMG MORTGAGE, INC. 4 6.16% $13,109
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.94% $9,005
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.56% $7,274
Equity Prime Mortgage LLC 4 6.47% $10,745
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.84% $10,859
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.63% $9,374
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.40% $15,870
First Federal Bank 4 5.84% $6,124
Magnolia Bank 4 5.94% $23,014
SUN WEST MORTGAGE COMPANY, INC. 4 6.28% $12,589
INSPIRE HOME LOANS INC. 4 5.69% $3,751
GUARANTEED RATE AFFINITY, LLC 3 6.06% $9,320
CONTOUR MORTGAGE CORPORATION 3 6.63% $16,190
Credence Funding Corporation 3 5.38% $4,259
Bell Bank 3 6.04% $9,451
Barrington Bank & Trust Company, N.A. 3 5.83% $13,248
KBHS HOME LOANS, LLC 3 5.92% $11,767
NETWORK CAPITAL FUNDING CORPORATION 3 6.08% $7,939
PENTAGON FEDERAL CREDIT UNION 3 6.08% $5,657
Plains Commerce Bank 3 6.13% $13,760
THE MORTGAGE WAREHOUSE,LLC 3 6.13% $14,554
AMERICAN FINANCIAL RESOURCES, INC. 3 5.96% $11,296
VAN DYK MORTGAGE CORPORATION 3 6.38% $11,620
CLEARPATH LENDING 3 5.83% $4,873
AMERICAN FINANCING CORPORATION 2 5.31% $17,284
Bank of England 2 6.94% $14,930
The Central Trust Bank 2 6.44% $8,919
FIDELITY DIRECT MORTGAGE, LLC 2 6.63% $14,395
The Federal Savings Bank 2 6.19% $29,635
The Loan Store, Inc. 2 6.69% $4,482
Residential Mortgage Solutions, Inc. 2 6.06% $12,653
EVERETT FINANCIAL, INC. 2 7.06% $7,015
LAKE MICHIGAN CREDIT UNION 2 6.25% $4,507
NBKC BANK 2 6.00% $11,065
Lakeview Community Capital, LLC 2 5.56% $7,338
GERSHMAN INVESTMENT CORP. 2 6.81% $3,131
DELMAR FINANCIAL COMPANY 2 5.69% $6,159
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.62% $7,591
AMERISAVE MORTGAGE CORPORATION 2 6.19% $31,221
HomePromise Corporation 2 7.81% $6,982
SUCCESS MORTGAGE PARTNERS, INC. 2 6.56% $20,685
NFM, INC. 2 6.69% $15,836
Keystone Funding, Inc. 2 6.00% $7,945
CARDINAL FINANCIAL 2 5.62% $11,703
CityWorth Mortgage LLC 1 6.25% $17,060
PHH Mortgage Corporation 1 5.49% $1,509
VERITAS FUNDING, LLC 1 6.25% $16,877
PLAZA HOME MORTGAGE, INC. 1 6.63% $22,251
PREMIA MORTGAGE, LLC 1 5.00% $7,933
Prosperity Home Mortgage, LLC 1 6.63% $10,783
RELIANCE FIRST CAPITAL, LLC 1 6.88% $9,825
Residential Acceptance Corporation 1 7.75% $11,366
ROYAL UNITED MORTGAGE LLC 1 6.25% $15,169
RUOFF MORTGAGE COMPANY, INC. 1 5.63% $24,623
SCOTT CREDIT UNION 1 6.13% $5,985
South Pacific Financial Corporation 1 6.25% $6,940
SOUTHWEST STAGE FUNDING, LLC 1 6.38% $8,837
Stifel Bank and Trust 1 6.13% $7,256
Strong Home Mortgage, LLC 1 5.75% $10,062
Summit Mortgage Corporation 1 6.13% $6,227
Cornerstone First Mortgage, Inc 1 6.63% $8,071
T2 FINANCIAL LLC 1 6.75% $21,972
TD Bank 1 6.75% $3,594
Texana Bank 1 5.88% $18,976
THE EQUITABLE MORTGAGE CORPORATION 1 6.63% $9,991
THE MORTGAGE FIRM, INC. 1 6.63% $10,380
Commerce Home Mortgage, Inc. 1 5.63% $12,296
TJC Mortgage, Inc. 1 6.25% $11,186
TOP FLITE FINANCIAL, INC. 1 5.13% $5,691
Truist 1 6.25% $10,795
ZILLOW HOME LOANS, LLC 1 6.75% $20,507
HARTFORD FUNDING, LTD. 1 5.75% $12,603
Home Mortgage Alliance Corp 1 5.75% $5,476
AMERICAN BANCSHARES MORTGAGE 1 6.99% $9,530
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.75% $20,945
INTELLILOAN, INC. 1 6.25% $1,168
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $16,890
Ixonia Bank 1 6.13% $3,119
LEADERONE FINANCIAL CORPORATION 1 7.13% $6,512
GENEVA FINANCIAL, LLC 1 6.75% $1,575
First Western Trust Bank 1 5.75% $17,378
MATTAMY HOME FUNDING, LLC 1 6.75% $18,033
MICHIGAN MUTUAL, INC. 1 6.25% $6,444
Wells Fargo Bank 1 5.75% $8,881
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.99% $15,004
MORTGAGEONE, INC. 1 7.63% $12,180
Arvest Bank 1 6.50% $16,728
FIRST HOME MORTGAGE CORPORATION 1 6.25% $8,356
FIRST COMMUNITY MORTGAGE, INC. 1 5.25% $4,290
Ameris Bank 1 6.75% $8,583
COMPASS MORTGAGE, INC. 1 6.75% $9,129
Alcova Mortgage LLC 1 5.75% $7,543
Northpointe Bank 1 6.25% $3,995
OCMBC, INC. 1 6.75% $12,095
Pacor Mortgage Corp 1 6.25% $9,864
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.25% $6,885
CALCON MUTUAL MORTGAGE LLC 1 5.75% $6,914

The top Cape Coral VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 149 VA loans originated. Their average total fees are $9,219, which is $1,750 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Cape Coral VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($4,707), VILLAGE CAPITAL MORTGAGE ($5,191), EAGLE HOME MORTGAGE, LLC ($5,432), LAKEVIEW LOAN SERVICING, LLC ($5,469) and DHI MORTGAGE COMPANY, LTD. ($6,414).

The lowest rate Cape Coral VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.33%), EAGLE HOME MORTGAGE, LLC (5.47%), LAKEVIEW LOAN SERVICING, LLC (5.59%), PULTE MORTGAGE LLC (5.71%) and VILLAGE CAPITAL MORTGAGE (5.74%).

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.