Naples VA Loans

NAPLES-MARCO ISLAND, FL

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    • 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%.

    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 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. Total Fees
    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 & INVESTMENT LLC 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 Bank 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 $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 for 2022-04-01 was $875,000, a difference of $263,500 (43.1%) versus the prior year and $50,000 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-04-01 was 31 days. This is -30% shorter than the same period one year ago.

    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.

    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.