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.