Naples VA Loans
NAPLES-MARCO ISLAND, 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 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
5.71%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.74% and
one month ago for the week of 2022-04-08, the
average rate was 4.97%.
The average rate one year ago was 2.88%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.38%.
Naples VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Naples level.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $479,900 (-3.8%) | $952,522 (-5.4%) | 1.77 | 7,151 |
2018-02-01 | $480,000 (-3.8%) | $935,674 (-6.9%) | 1.73 | 7,693 |
2018-03-01 | $475,000 (-3.1%) | $926,919 (-7.0%) | 1.64 | 7,973 |
2018-04-01 | $472,449 (-3.4%) | $908,676 (-7.6%) | 1.59 | 7,773 |
2018-05-01 | $467,200 (-5.1%) | $891,963 (-9.8%) | 1.56 | 7,407 |
2018-06-01 | $467,500 (-5.9%) | $881,293 (-10.5%) | 1.56 | 6,981 |
2018-07-01 | $464,000 (-5.3%) | $884,591 (-8.4%) | 1.55 | 6,677 |
2018-08-01 | $459,000 (-6.1%) | $884,629 (-7.8%) | 1.53 | 6,463 |
2018-09-01 | $458,020 (-5.7%) | $884,093 (-9.5%) | 1.53 | 6,394 |
2018-10-01 | $459,450 (-4.4%) | $907,258 (-6.4%) | 1.54 | 6,868 |
2018-11-01 | $459,995 (-4.2%) | $916,774 (-4.1%) | 1.54 | 7,459 |
2018-12-01 | $469,000 (-2.1%) | $913,933 (-3.9%) | 1.61 | 7,868 |
2019-01-01 | $469,250 (-2.2%) | $918,765 (-3.5%) | 1.62 | 8,349 |
2019-02-01 | $472,000 (-1.7%) | $921,244 (-1.5%) | 1.58 | 8,868 |
2019-03-01 | $474,943 (0.0%) | $926,853 (0.0%) | 1.55 | 8,777 |
2019-04-01 | $475,000 (0.5%) | $924,532 (1.8%) | 1.50 | 8,547 |
2019-05-01 | $474,850 (1.6%) | $918,831 (3.0%) | 1.46 | 7,964 |
2019-06-01 | $475,000 (1.6%) | $930,207 (5.6%) | 1.46 | 7,364 |
2019-07-01 | $469,900 (1.3%) | $908,369 (2.7%) | 1.46 | 6,851 |
2019-08-01 | $469,729 (2.3%) | $905,683 (2.4%) | 1.48 | 6,523 |
2019-09-01 | $469,250 (2.5%) | $896,556 (1.4%) | 1.49 | 6,261 |
2019-10-01 | $469,500 (2.2%) | $916,871 (1.1%) | 1.50 | 6,549 |
2019-11-01 | $475,000 (3.3%) | $946,006 (3.2%) | 1.53 | 6,750 |
2019-12-01 | $484,500 (3.3%) | $956,458 (4.7%) | 1.62 | 6,895 |
2020-01-01 | $499,000 (6.3%) | $1,017,990 (10.8%) | 1.66 | 6,492 |
2020-02-01 | $499,500 (5.8%) | $1,015,914 (10.3%) | 1.61 | 6,512 |
2020-03-01 | $499,752 (5.2%) | $1,024,143 (10.5%) | 1.56 | 6,480 |
2020-04-01 | $496,995 (4.6%) | $1,000,556 (8.2%) | 1.55 | 6,341 |
2020-05-01 | $495,000 (4.2%) | $1,021,011 (11.1%) | 1.50 | 5,989 |
2020-06-01 | $499,000 (5.1%) | $1,034,482 (11.2%) | 1.46 | 5,610 |
2020-07-01 | $496,950 (5.8%) | $1,036,876 (14.2%) | 1.42 | 5,342 |
2020-08-01 | $499,000 (6.2%) | $1,043,784 (15.3%) | 1.43 | 5,135 |
2020-09-01 | $499,900 (6.5%) | $1,072,715 (19.7%) | 1.43 | 4,835 |
2020-10-01 | $499,000 (6.3%) | $1,071,995 (16.9%) | 1.43 | 4,623 |
2020-11-01 | $499,000 (5.1%) | $1,095,677 (15.8%) | 1.43 | 4,327 |
2020-12-01 | $499,000 (3.0%) | $1,105,540 (15.6%) | 1.46 | 4,011 |
2021-01-01 | $499,000 (0.0%) | $1,139,711 (12.0%) | 1.47 | 3,476 |
2021-02-01 | $522,450 (4.6%) | $1,152,060 (13.4%) | 1.50 | 2,598 |
2021-03-01 | $580,000 (16.1%) | $1,275,355 (24.5%) | 1.63 | 1,952 |
2021-04-01 | $611,500 (23.0%) | $1,365,530 (36.5%) | 1.64 | 1,602 |
2021-05-01 | $649,500 (31.2%) | $1,463,429 (43.3%) | 1.71 | 1,373 |
2021-06-01 | $659,500 (32.2%) | $1,536,036 (48.5%) | 1.71 | 1,355 |
2021-07-01 | $684,495 (37.7%) | $1,558,912 (50.4%) | 1.78 | 1,420 |
2021-08-01 | $689,000 (38.1%) | $1,562,054 (49.7%) | 1.81 | 1,454 |
2021-09-01 | $699,000 (39.8%) | $1,636,667 (52.6%) | 1.84 | 1,407 |
2021-10-01 | $729,900 (46.3%) | $1,687,699 (57.4%) | 1.92 | 1,399 |
2021-11-01 | $767,000 (53.7%) | $1,767,935 (61.4%) | 2.02 | 1,364 |
2021-12-01 | $754,950 (51.3%) | $1,821,457 (64.8%) | 2.01 | 1,269 |
2022-01-01 | $795,000 (59.3%) | $1,907,187 (67.3%) | 2.12 | 1,158 |
2022-02-01 | $799,500 (53.0%) | $1,965,639 (70.6%) | 2.04 | 1,103 |
2022-03-01 | $825,000 (42.2%) | $1,876,483 (47.1%) | 2.04 | 1,299 |
2022-04-01 | $875,000 (43.1%) | $1,858,832 (36.1%) | 2.06 | 1,658 |
Naples's median listing price comes in at 206% of the national average.
Naples's average listing price for 2022-04-01 was $1,858,832, a difference of $493,302 (36.1%) versus the prior year and $-17,651 versus the prior month.
For the 2022-04-01 period, Naples had 1,658 MLS listings, a difference of 359 listings (28%) versus the prior month and 56 listings (3%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Naples (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 91 days | 1,978 sqft |
2018-02-01 | 88 days | 1,953 sqft |
2018-03-01 | 85 days | 1,935 sqft |
2018-04-01 | 91 days | 1,913 sqft |
2018-05-01 | 97 days | 1,893 sqft |
2018-06-01 | 106 days | 1,900 sqft |
2018-07-01 | 114 days | 1,900 sqft |
2018-08-01 | 119 days | 1,904 sqft |
2018-09-01 | 122 days | 1,901 sqft |
2018-10-01 | 115 days | 1,901 sqft |
2018-11-01 | 103 days | 1,898 sqft |
2018-12-01 | 99 days | 1,883 sqft |
2019-01-01 | 97 days | 1,880 sqft |
2019-02-01 | 95 days | 1,883 sqft |
2019-03-01 | 92 days | 1,883 sqft |
2019-04-01 | 93 days | 1,882 sqft |
2019-05-01 | 101 days | 1,877 sqft |
2019-06-01 | 109 days | 1,883 sqft |
2019-07-01 | 116 days | 1,880 sqft |
2019-08-01 | 123 days | 1,882 sqft |
2019-09-01 | 123 days | 1,883 sqft |
2019-10-01 | 109 days | 1,892 sqft |
2019-11-01 | 93 days | 1,900 sqft |
2019-12-01 | 89 days | 1,897 sqft |
2020-01-01 | 90 days | 1,956 sqft |
2020-02-01 | 89 days | 1,959 sqft |
2020-03-01 | 81 days | 1,956 sqft |
2020-04-01 | 91 days | 1,935 sqft |
2020-05-01 | 103 days | 1,929 sqft |
2020-06-01 | 111 days | 1,932 sqft |
2020-07-01 | 115 days | 1,904 sqft |
2020-08-01 | 98 days | 1,853 sqft |
2020-09-01 | 95 days | 1,849 sqft |
2020-10-01 | 86 days | 1,831 sqft |
2020-11-01 | 73 days | 1,835 sqft |
2020-12-01 | 76 days | 1,818 sqft |
2021-01-01 | 77 days | 1,800 sqft |
2021-02-01 | 69 days | 1,809 sqft |
2021-03-01 | 50 days | 1,858 sqft |
2021-04-01 | 44 days | 1,872 sqft |
2021-05-01 | 44 days | 1,912 sqft |
2021-06-01 | 44 days | 1,941 sqft |
2021-07-01 | 45 days | 1,933 sqft |
2021-08-01 | 48 days | 1,905 sqft |
2021-09-01 | 50 days | 1,937 sqft |
2021-10-01 | 49 days | 1,985 sqft |
2021-11-01 | 47 days | 2,009 sqft |
2021-12-01 | 40 days | 1,999 sqft |
2022-01-01 | 50 days | 1,964 sqft |
2022-02-01 | 37 days | 1,935 sqft |
2022-03-01 | 32 days | 1,921 sqft |
2022-04-01 | 31 days | 1,911 sqft |
Naples's median square footage for active listings during the 2022-04-01 period was 1,911 sqft. One year prior, the average listing was 1,872 sqft.