Naples VA Loan Rates, Closing Costs & Stats

NAPLES-MARCO ISLAND, FL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Naples's 124 lenders originated 833 VA loans during 2021. The total origination value was $327,365,000, with an average VA loan value of $392,995.

    Naples VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Naples averaged 6.45% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

    Naples's average VA mortgage closing costs are $7,263.

    The average rate for the prior week (2022-11-25) was 6.58% and one month ago for the week of 2022-10-28, the average rate was 6.87%.

    The average rate one year ago was 3.65%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.41%.

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

    Naples 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 Naples level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    FREEDOM MORTGAGE CORPORATION 59 2.39% $4,255
    QUICKEN LOANS, LLC 59 2.49% $5,939
    CROSSCOUNTRY MORTGAGE, LLC 55 2.91% $11,104
    Mortgage Research Center, LLC 52 2.81% $10,195
    UNITED WHOLESALE MORTGAGE, LLC 37 2.52% $7,477
    PENNYMAC LOAN SERVICES, LLC 34 2.38% $10,153
    LOANDEPOT.COM, LLC 31 2.39% $7,047
    USAA Federal Savings Bank 21 2.81% $6,160
    MOVEMENT MORTGAGE, LLC 19 2.78% $6,601
    NEW DAY FINANCIAL, LLC 18 2.66% $11,624
    NAVY FEDERAL CREDIT UNION 18 2.51% $7,369
    PULTE MORTGAGE LLC 16 2.95% $8,425
    LAKEVIEW LOAN SERVICING, LLC 16 2.48% $2,716
    CALIBER HOME LOANS, INC. 15 2.37% $7,292
    HOME POINT FINANCIAL CORPORATION 12 2.50% $9,540
    CLEARPATH LENDING 10 2.43% $9,460
    PENTAGON FEDERAL CREDIT UNION 10 2.41% $2,769
    BROKER SOLUTIONS, INC. 10 2.61% $7,244
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 9 2.93% $9,249
    North American Savings Bank, F.S.B. 9 2.31% $4,748
    Mr. Cooper ( Nationstar Mortgage ) 8 2.50% $2,437
    NEWREZ LLC 8 2.81% $6,374
    The Federal Savings Bank 8 2.47% $13,873
    DHI MORTGAGE COMPANY, LTD. 7 2.82% $6,434
    EAGLE HOME MORTGAGE, LLC 6 2.94% $8,525
    HOMEBRIDGE FINANCIAL SERVICES, INC. 6 2.93% $11,534
    VILLAGE CAPITAL MORTGAGE 6 2.21% $4,846
    Wells Fargo Bank 6 2.33% $6,418
    MUTUAL OF OMAHA MORTGAGE, INC. 5 2.83% $6,461
    GUARANTEED RATE, INC. 5 2.90% $10,148
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 3.05% $9,289
    Mid-Continent Funding, Inc. 5 2.60% $5,035
    South Pacific Financial Corporation 5 2.53% $11,799
    Paramount Residential Mortgage Group, Inc. 5 3.13% $7,033
    AMERICAN FINANCIAL NETWORK, INC. 5 2.43% $15,865
    Carrington Mortgage Services, LLC 4 2.88% $3,664
    MATTAMY HOME FUNDING, LLC 4 2.34% $8,814
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.03% $10,842
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 2.94% $11,013
    Barrington Bank & Trust Company, N.A. 3 2.71% $3,434
    NBKC BANK 3 2.58% $7,791
    AMERISAVE MORTGAGE CORPORATION 3 2.67% $6,869
    NP, Inc. 3 2.46% $2,616
    AMERICAN FINANCING CORPORATION 3 2.29% $4,483
    South State Bank 3 2.50% $6,474
    HAMILTON HOME LOANS, INC. 3 2.92% $12,506
    Flagstar Bank, FSB 3 2.87% $9,827
    Magnolia Bank 3 2.42% $12,365
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 2.75% $14,382
    U.S. Bank 3 2.46% $11,080
    FBC MORTGAGE, LLC 3 2.25% $2,043
    FINANCE OF AMERICA MORTGAGE LLC 2 2.25% $5,967
    NETWORK CAPITAL FUNDING CORPORATION 2 2.56% $2,536
    KS StateBank 2 2.44% $12,930
    GENEVA FINANCIAL, LLC 2 2.56% $16,706
    First Mortgage Solutions, LLC 2 2.56% $4,075
    Bank of England 2 2.75% $8,436
    TJC Mortgage, Inc. 2 2.13% $5,840
    Truist 2 2.50% $6,027
    Nations Lending Corporation 2 2.94% $5,084
    ACCELERATE MORTGAGE, LLC 2 1.75% $9,092
    ACADEMY MORTGAGE CORPORATION 2 3.13% $17,699
    PNC Bank 2 2.69% $7,552
    PLANET HOME LENDING, LLC 2 2.81% $6,371
    Equity Prime Mortgage LLC 2 3.31% $7,160
    GUARANTEED RATE AFFINITY, LLC 2 2.38% $2,380
    Commerce Home Mortgage, Inc. 2 2.50% $6,652
    BNC National Bank 2 2.38% $3,334
    InterContinental Capital Group, Inc 2 2.50% $3,424
    Strong Home Mortgage, LLC 1 2.38% $2,107
    SUCCESS MORTGAGE PARTNERS, INC. 1 2.75% $13,036
    Summit Mortgage Corporation 1 2.25% $12,967
    Texana Bank 1 2.25% $6,210
    Alerus Financial 1 2.25% $3,479
    THE MORTGAGE FIRM, INC. 1 2.50% $10,773
    THE MORTGAGE WAREHOUSE,LLC 1 2.63% $1,807
    TIDEWATER MORTGAGE SERVICES, INC. 1 2.88% $4,203
    United Fidelity Funding Corp. 1 2.99% $5,030
    Valley National Bank 1 2.63% $11,506
    VAN DYK MORTGAGE CORPORATION 1 2.88% $12,334
    VELOCIO MORTGAGE L.L.C. 1 2.50% $2,329
    CONTOUR MORTGAGE CORPORATION 1 2.88% $28,211
    DEVELOPER'S MORTGAGE COMPANY 1 2.25% $18,275
    DAS Acquisition Company, LLC 1 3.50% $0
    Citizens Bank 1 2.38% $4,017
    Academy Bank 1 2.88% $5,832
    EMM LOANS LLC 1 2.38% $6,466
    ENVOY MORTGAGE, LTD 1 2.75% $3,385
    FAIRWAY FUNDING GROUP, INC. 1 2.75% $6,102
    Fifth Third Bank 1 2.50% $2,362
    FirstBank 1 2.38% $12,851
    FIRST COMMUNITY MORTGAGE, INC. 1 2.38% $6,178
    First Guaranty Mortgage Corporation 1 2.38% $4,638
    FIRST HOME MORTGAGE CORPORATION 1 2.50% $23,737
    First Horizon Bank 1 2.75% $15,091
    First Internet Bank of Indiana 1 2.88% $5,392
    First Option Mortgage, LLC 1 2.88% $1,546
    Century Mortgage Company DBA Century Lending Company 1 2.25% $6,039
    GMFS LLC 1 2.88% $1,997
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.25% $6,398
    GSF Mortgage Corporation 1 2.75% $18,528
    GUARANTY HOME MORTGAGE CORPORATION 1 2.38% $21,946
    HARTFORD FUNDING, LTD. 1 2.75% $11,295
    Wyndham Capital Mortgage, Inc. 1 2.75% $57,367
    CELEBRITY HOME LOANS, LLC 1 3.00% $5,888
    HOMESIDE FINANCIAL, LLC 1 2.38% $3,304
    INTERCOASTAL MORTGAGE COMPANY 1 2.38% $5,659
    Ixonia Bank 1 2.63% $3,860
    Lakeview Community Capital, LLC 1 2.25% $2,126
    Leader Bank 1 2.25% $2,097
    LENDUS, LLC 1 2.38% $4,234
    CAPITAL PARTNERS MORTGAGE, LLC 1 2.88% $3,486
    LOANPAL, LLC 1 2.75% $15,965
    Low VA Rates, LLC 1 2.25% $495
    MID AMERICA MORTGAGE, INC. 1 3.25% $9,025
    Cambria Financial Group, LLC 1 2.25% $3,276
    BETTER MORTGAGE CORPORATION 1 2.63% $2,022
    NATIONS RELIABLE LENDING, LLC 1 3.13% $5,324
    AmeriHome Mortgage Company, LLC 1 2.63% $2,866
    Northpointe Bank 1 2.75% $4,155
    PANORAMA MORTGAGE GROUP, LLC 1 3.25% $21,537
    PLAZA HOME MORTGAGE, INC. 1 2.99% $16,200
    AMCAP MORTGAGE, LTD. 1 3.75% $6,640
    Sandy Spring Bank 1 2.13% $4,166

    The top Naples VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 59 VA loans originated. Their average total fees are $4,255, which is $1,683 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Naples VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,716), PENTAGON FEDERAL CREDIT UNION ($2,769), FREEDOM MORTGAGE CORPORATION ($4,255), QUICKEN LOANS, LLC ($5,939) and USAA Federal Savings Bank ($6,160).

    The lowest rate Naples VA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. (2.37%), PENNYMAC LOAN SERVICES, LLC (2.38%), LOANDEPOT.COM, LLC (2.39%), FREEDOM MORTGAGE CORPORATION (2.39%) and PENTAGON FEDERAL CREDIT UNION (2.41%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Naples (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 $468,900 (-6.0%) $955,497 (-6.6%) 1.74 6,385
    2018-02-01 $469,000 (-5.7%) $938,749 (-7.2%) 1.70 6,867
    2018-03-01 $460,000 (-6.0%) $930,658 (-7.1%) 1.61 7,090
    2018-04-01 $456,100 (-6.7%) $911,095 (-7.9%) 1.55 6,898
    2018-05-01 $449,900 (-5.3%) $893,558 (-8.7%) 1.50 6,574
    2018-06-01 $449,900 (-5.7%) $883,640 (-9.3%) 1.50 6,206
    2018-07-01 $449,700 (-5.3%) $886,938 (-7.1%) 1.50 5,894
    2018-08-01 $445,473 (-5.2%) $883,042 (-8.0%) 1.49 5,719
    2018-09-01 $439,950 (-6.4%) $882,337 (-9.6%) 1.48 5,649
    2018-10-01 $445,000 (-5.1%) $910,227 (-5.9%) 1.50 6,080
    2018-11-01 $449,000 (-4.3%) $920,712 (-3.8%) 1.52 6,595
    2018-12-01 $449,000 (-2.4%) $915,696 (-3.8%) 1.55 6,957
    2019-01-01 $449,450 (-4.2%) $924,565 (-3.2%) 1.55 7,385
    2019-02-01 $454,862 (-3.0%) $923,294 (-1.7%) 1.54 7,863
    2019-03-01 $458,914 (-0.2%) $932,991 (0.3%) 1.50 7,821
    2019-04-01 $458,989 (0.6%) $932,733 (2.4%) 1.46 7,660
    2019-05-01 $450,000 (0.0%) $927,471 (3.8%) 1.41 7,114
    2019-06-01 $450,000 (0.0%) $938,388 (6.2%) 1.41 6,570
    2019-07-01 $449,450 (-0.1%) $918,856 (3.6%) 1.41 6,112
    2019-08-01 $449,245 (0.9%) $920,815 (4.3%) 1.42 5,962
    2019-09-01 $449,614 (2.2%) $919,716 (4.2%) 1.44 5,883
    2019-10-01 $449,950 (1.1%) $923,169 (1.4%) 1.45 5,855
    2019-11-01 $459,000 (2.2%) $950,127 (3.2%) 1.50 6,021
    2019-12-01 $465,000 (3.6%) $960,074 (4.9%) 1.55 6,129
    2020-01-01 $475,000 (5.7%) $997,143 (7.9%) 1.59 6,092
    2020-02-01 $475,000 (4.4%) $990,681 (7.3%) 1.55 6,208
    2020-03-01 $475,000 (3.5%) $1,008,176 (8.1%) 1.49 6,165
    2020-04-01 $469,000 (2.2%) $978,354 (4.9%) 1.47 5,999
    2020-05-01 $472,441 (5.0%) $1,008,398 (8.7%) 1.44 5,688
    2020-06-01 $475,000 (5.6%) $1,025,358 (9.3%) 1.40 5,346
    2020-07-01 $472,963 (5.2%) $1,031,323 (12.2%) 1.37 4,932
    2020-08-01 $475,000 (5.7%) $1,051,036 (14.1%) 1.36 4,626
    2020-09-01 $478,262 (6.4%) $1,063,353 (15.6%) 1.37 4,318
    2020-10-01 $475,000 (5.6%) $1,067,840 (15.7%) 1.36 4,161
    2020-11-01 $479,000 (4.4%) $1,085,147 (14.2%) 1.40 3,919
    2020-12-01 $476,998 (2.6%) $1,104,781 (15.1%) 1.42 3,643
    2021-01-01 $479,000 (0.8%) $1,142,891 (14.6%) 1.43 3,197
    2021-02-01 $497,000 (4.6%) $1,167,857 (17.9%) 1.45 2,421
    2021-03-01 $548,500 (15.5%) $1,275,205 (26.5%) 1.56 1,799
    2021-04-01 $581,720 (24.0%) $1,362,306 (39.2%) 1.57 1,495
    2021-05-01 $600,000 (27.0%) $1,459,213 (44.7%) 1.59 1,267
    2021-06-01 $639,250 (34.6%) $1,520,675 (48.3%) 1.68 1,236
    2021-07-01 $649,450 (37.3%) $1,574,647 (52.7%) 1.71 1,284
    2021-08-01 $659,000 (38.7%) $1,554,938 (47.9%) 1.76 1,294
    2021-09-01 $664,975 (39.0%) $1,613,465 (51.7%) 1.77 1,263
    2021-10-01 $699,900 (47.4%) $1,684,128 (57.7%) 1.87 1,268
    2021-11-01 $725,000 (51.4%) $1,782,725 (64.3%) 1.94 1,197
    2021-12-01 $740,725 (55.3%) $1,839,031 (66.5%) 2.01 1,171
    2022-01-01 $765,000 (59.7%) $1,923,920 (68.3%) 2.07 1,072
    2022-02-01 $797,000 (60.4%) $1,963,444 (68.1%) 2.07 1,029
    2022-03-01 $799,450 (45.8%) $1,858,828 (45.8%) 2.00 1,216
    2022-04-01 $849,900 (46.1%) $1,834,910 (34.7%) 2.03 1,514
    2022-05-01 $823,928 (37.3%) $1,743,167 (19.5%) 1.88 1,908
    2022-06-01 $799,475 (25.1%) $1,689,887 (11.1%) 1.78 2,274
    2022-07-01 $789,900 (21.6%) $1,675,123 (6.4%) 1.79 2,522
    2022-08-01 $765,000 (16.1%) $1,608,877 (3.5%) 1.77 2,472
    2022-09-01 $777,450 (16.9%) $1,623,722 (0.6%) 1.82 2,353
    2022-10-01 $795,000 (13.6%) $1,671,162 (-0.8%) 1.87 2,384
    2022-11-01 $799,000 (10.2%) $1,764,483 (-1.0%) 1.92 2,660
    Naples's median listing price for 2022-11-01 was $799,000, a difference of $74,000 (10.2%) versus the prior year and $4,000 versus the prior month.

    Naples's median listing price comes in at 192% of the national average.

    Naples's average listing price for 2022-11-01 was $1,764,483, a difference of $-18,242 (-1.0%) versus the prior year and $93,321 versus the prior month.

    For the 2022-11-01 period, Naples had 2,660 MLS listings, a difference of 276 listings (12%) versus the prior month and 1,463 listings (122%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Naples (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 91 days 1,943 sqft
    2018-02-01 88 days 1,925 sqft
    2018-03-01 84 days 1,910 sqft
    2018-04-01 91 days 1,889 sqft
    2018-05-01 97 days 1,876 sqft
    2018-06-01 106 days 1,883 sqft
    2018-07-01 114 days 1,889 sqft
    2018-08-01 119 days 1,890 sqft
    2018-09-01 120 days 1,884 sqft
    2018-10-01 113 days 1,882 sqft
    2018-11-01 102 days 1,880 sqft
    2018-12-01 97 days 1,869 sqft
    2019-01-01 96 days 1,866 sqft
    2019-02-01 94 days 1,866 sqft
    2019-03-01 95 days 1,865 sqft
    2019-04-01 95 days 1,862 sqft
    2019-05-01 105 days 1,861 sqft
    2019-06-01 112 days 1,868 sqft
    2019-07-01 118 days 1,866 sqft
    2019-08-01 119 days 1,867 sqft
    2019-09-01 117 days 1,868 sqft
    2019-10-01 115 days 1,876 sqft
    2019-11-01 100 days 1,883 sqft
    2019-12-01 96 days 1,880 sqft
    2020-01-01 98 days 1,895 sqft
    2020-02-01 97 days 1,900 sqft
    2020-03-01 95 days 1,899 sqft
    2020-04-01 99 days 1,883 sqft
    2020-05-01 108 days 1,884 sqft
    2020-06-01 116 days 1,881 sqft
    2020-07-01 121 days 1,870 sqft
    2020-08-01 108 days 1,832 sqft
    2020-09-01 106 days 1,832 sqft
    2020-10-01 99 days 1,819 sqft
    2020-11-01 87 days 1,824 sqft
    2020-12-01 84 days 1,802 sqft
    2021-01-01 80 days 1,777 sqft
    2021-02-01 72 days 1,786 sqft
    2021-03-01 53 days 1,833 sqft
    2021-04-01 46 days 1,853 sqft
    2021-05-01 45 days 1,868 sqft
    2021-06-01 45 days 1,922 sqft
    2021-07-01 46 days 1,901 sqft
    2021-08-01 56 days 1,889 sqft
    2021-09-01 60 days 1,924 sqft
    2021-10-01 61 days 1,944 sqft
    2021-11-01 62 days 2,000 sqft
    2021-12-01 51 days 1,980 sqft
    2022-01-01 55 days 1,967 sqft
    2022-02-01 37 days 1,934 sqft
    2022-03-01 31 days 1,914 sqft
    2022-04-01 32 days 1,903 sqft
    2022-05-01 36 days 1,883 sqft
    2022-06-01 41 days 1,879 sqft
    2022-07-01 52 days 1,868 sqft
    2022-08-01 62 days 1,865 sqft
    2022-09-01 71 days 1,878 sqft
    2022-10-01 76 days 1,888 sqft
    2022-11-01 70 days 1,883 sqft
    Naples's median listing age (time on market) for 2022-11-01 was 70 days. This is 13% longer than the same period one year ago.

    Naples's median square footage for active listings during the 2022-11-01 period was 1,883 sqft. One year prior, the average listing was 2,000 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.