Naples VA Loan Rates, Closing Costs & Stats

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 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 80 lenders originated 298 VA loans during 2022. The total origination value was $141,220,000, with an average VA loan value of $473,893.

Naples VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Naples averaged -0.5% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Naples's average VA mortgage closing costs are $8,020.

The average rate for the prior week (2024-02-16) was 6.18% and one month ago for the week of 2024-01-19, the average rate was 5.94%.

The average rate one year ago was 5.75%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.73%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 37 4.94% $18,410
UNITED WHOLESALE MORTGAGE, LLC 30 4.44% $12,091
CROSSCOUNTRY MORTGAGE, LLC 22 4.91% $14,869
QUICKEN LOANS, LLC 15 3.60% $11,735
PULTE MORTGAGE LLC 15 5.03% $8,160
FREEDOM MORTGAGE CORPORATION 14 3.48% $13,583
MOVEMENT MORTGAGE, LLC 10 4.93% $13,291
NAVY FEDERAL CREDIT UNION 10 3.68% $8,255
NEW DAY FINANCIAL, LLC 7 4.69% $17,049
PENNYMAC LOAN SERVICES, LLC 7 2.89% $9,334
USAA Federal Savings Bank 6 4.48% $15,738
The Federal Savings Bank 6 4.13% $22,777
LOANDEPOT.COM, LLC 6 3.50% $16,833
EAGLE HOME MORTGAGE, LLC 6 4.73% $17,115
HOME POINT FINANCIAL CORPORATION 4 3.09% $10,647
Flagstar Bank, FSB 4 3.96% $13,882
GUARANTEED RATE, INC. 3 4.75% $16,935
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.71% $21,157
South Pacific Financial Corporation 3 4.21% $11,627
LAKEVIEW LOAN SERVICING, LLC 3 3.42% $4,295
MATTAMY HOME FUNDING, LLC 3 5.16% $12,667
Mortgage Lenders Investment Trading Corporation 2 2.75% $4,177
GUARANTEED RATE AFFINITY, LLC 2 3.83% $12,361
First Horizon Bank 2 3.94% $9,542
Paramount Bank 2 3.75% $16,736
CALIBER HOME LOANS, INC. 2 4.12% $7,733
CMG MORTGAGE, INC. 2 6.19% $17,657
DHI MORTGAGE COMPANY, LTD. 2 5.38% $22,817
NATIONS RELIABLE LENDING, LLC 2 5.88% $25,936
HOMESIDE FINANCIAL, LLC 2 4.44% $37,565
Equity Prime Mortgage LLC 2 5.88% $11,306
Magnolia Bank 2 4.94% $16,222
Mid-Continent Funding, Inc. 2 4.50% $15,980
CARDINAL FINANCIAL 2 5.31% $26,052
AMERICAN PACIFIC MORTGAGE CORPORATION 2 4.69% $7,453
MORTGAGE 1 INCORPORATED 2 3.25% $9,639
SUN WEST MORTGAGE COMPANY, INC. 1 3.38% $21,308
The Central Trust Bank 1 2.88% $27,211
THE EQUITABLE MORTGAGE CORPORATION 1 3.88% $16,726
THE MORTGAGE FIRM, INC. 1 5.25% $19,124
THE MORTGAGE WAREHOUSE,LLC 1 5.25% $6,053
Truist 1 3.25% $3,823
Vellum Mortgage, Inc. 1 6.38% $25,433
Advance Financial Group, LLC 1 6.75% $30,309
Willamette Valley Bank 1 3.38% $42,455
AMCAP MORTGAGE, LTD. 1 3.25% $21,227
AMERISAVE MORTGAGE CORPORATION 1 4.50% $27,589
Bank of England 1 5.25% $10,101
Barrington Bank & Trust Company, N.A. 1 6.75% $6,379
Bell Bank 1 5.25% $4,833
BROKER SOLUTIONS, INC. 1 4.25% $3,544
CLEARPATH LENDING 1 4.75% $11,834
Commerce Home Mortgage, Inc. 1 7.00% $15,185
FBC MORTGAGE, LLC 1 5.13% $28,495
Fifth Third Bank 1 6.88% $2,572
GSF Mortgage Corporation 1 4.63% $15,032
GVC MORTGAGE, INC. 1 5.50% $16,856
HAMILTON HOME LOANS, INC. 1 4.13% $21,885
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 4.88% $9,283
INTELLILOAN, INC. 1 3.13% $13,554
LOANPAL, LLC 1 2.25% $20,715
MCLEAN MORTGAGE CORPORATION 1 4.88% $42,726
MILEND, INC. 1 5.25% $11,761
ML Mortgage Corp. 1 2.88% $30,951
Mr. Cooper ( Nationstar Mortgage ) 1 4.00% $3,645
NATIONS DIRECT MORTGAGE, LLC 1 3.99% $5,680
NEWREZ LLC 1 4.00% $18,552
North American Savings Bank, F.S.B. 1 2.38% $4,975
Northpointe Bank 1 5.00% $10,169
NTFN, INC. 1 6.13% $0
Paramount Residential Mortgage Group, Inc. 1 4.50% $16,443
PNC Bank 1 3.13% $3,163
Prosperity Home Mortgage, LLC 1 6.25% $6,147
Raymond James Bank 1 3.38% $4,779
Ross Mortgage Company, Inc. 1 5.75% $18,827
Sierra Pacific Mortgage Company, Inc. 1 4.63% $5,809
South State Bank 1 2.88% $5,191
SOVEREIGN LENDING GROUP INCORPORATED 1 4.25% $12,805
STOCKTON MORTGAGE CORPORATION 1 5.25% $5,307
SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $6,189

The top Naples VA lender as defined by loan originations is Mortgage Research Center, LLC, with 37 VA loans originated. Their average total fees are $18,410, which is $6,319 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Naples VA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($8,160), NAVY FEDERAL CREDIT UNION ($8,255), QUICKEN LOANS, LLC ($11,735), UNITED WHOLESALE MORTGAGE, LLC ($12,091) and MOVEMENT MORTGAGE, LLC ($13,291).

The lowest rate Naples VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION (3.48%), QUICKEN LOANS, LLC (3.60%), NAVY FEDERAL CREDIT UNION (3.68%), UNITED WHOLESALE MORTGAGE, LLC (4.44%) and CROSSCOUNTRY MORTGAGE, LLC (4.91%).


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%) 1.51 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 $454,684 (-3.1%) $923,013 (-1.7%) 1.54 7,862
2019-03-01 $458,914 (-0.2%) $932,859 (0.2%) 1.50 7,821
2019-04-01 $458,989 (0.6%) $932,334 (2.3%) 1.46 7,659
2019-05-01 $450,000 (0.0%) $927,167 (3.8%) 1.41 7,112
2019-06-01 $450,000 (0.0%) $938,364 (6.2%) 1.41 6,566
2019-07-01 $449,450 (-0.1%) $918,666 (3.6%) 1.41 6,107
2019-08-01 $449,245 (0.9%) $920,740 (4.3%) 1.42 5,957
2019-09-01 $449,614 (2.2%) $919,825 (4.3%) 1.44 5,878
2019-10-01 $449,950 (1.1%) $923,402 (1.5%) 1.45 5,850
2019-11-01 $459,000 (2.2%) $950,477 (3.2%) 1.50 6,017
2019-12-01 $465,000 (3.6%) $960,423 (4.9%) 1.55 6,125
2020-01-01 $475,000 (5.7%) $997,643 (7.9%) 1.59 6,087
2020-02-01 $475,000 (4.5%) $991,163 (7.4%) 1.55 6,203
2020-03-01 $475,000 (3.5%) $1,008,669 (8.1%) 1.49 6,160
2020-04-01 $469,160 (2.2%) $978,840 (5.0%) 1.47 5,994
2020-05-01 $473,345 (5.2%) $1,008,953 (8.8%) 1.44 5,683
2020-06-01 $475,000 (5.6%) $1,025,949 (9.3%) 1.40 5,341
2020-07-01 $474,000 (5.5%) $1,031,953 (12.3%) 1.37 4,927
2020-08-01 $475,000 (5.7%) $1,051,742 (14.2%) 1.36 4,621
2020-09-01 $478,579 (6.4%) $1,064,008 (15.7%) 1.37 4,314
2020-10-01 $475,000 (5.6%) $1,068,283 (15.7%) 1.36 4,156
2020-11-01 $479,000 (4.4%) $1,085,720 (14.2%) 1.40 3,915
2020-12-01 $478,105 (2.8%) $1,105,519 (15.1%) 1.42 3,639
2021-01-01 $479,000 (0.8%) $1,143,779 (14.7%) 1.43 3,193
2021-02-01 $497,000 (4.6%) $1,168,993 (17.9%) 1.45 2,417
2021-03-01 $549,500 (15.7%) $1,276,586 (26.6%) 1.56 1,796
2021-04-01 $582,100 (24.1%) $1,362,758 (39.2%) 1.58 1,491
2021-05-01 $600,000 (26.8%) $1,461,823 (44.9%) 1.59 1,263
2021-06-01 $640,000 (34.7%) $1,522,698 (48.4%) 1.68 1,232
2021-07-01 $649,900 (37.1%) $1,577,046 (52.8%) 1.71 1,281
2021-08-01 $659,500 (38.8%) $1,557,300 (48.1%) 1.76 1,290
2021-09-01 $666,000 (39.2%) $1,615,310 (51.8%) 1.78 1,259
2021-10-01 $699,950 (47.4%) $1,687,676 (58.0%) 1.87 1,264
2021-11-01 $728,499 (52.1%) $1,787,211 (64.6%) 1.95 1,192
2021-12-01 $742,450 (55.3%) $1,844,149 (66.8%) 2.01 1,166
2022-01-01 $769,450 (60.6%) $1,928,505 (68.6%) 2.08 1,068
2022-02-01 $798,350 (60.6%) $1,969,890 (68.5%) 2.08 1,024
2022-03-01 $799,500 (45.5%) $1,863,799 (46.0%) 2.00 1,211
2022-04-01 $849,900 (46.0%) $1,839,091 (35.0%) 2.03 1,509
2022-05-01 $825,000 (37.5%) $1,745,267 (19.4%) 1.89 1,903
2022-06-01 $799,945 (25.0%) $1,692,527 (11.2%) 1.78 2,269
2022-07-01 $790,000 (21.6%) $1,676,639 (6.3%) 1.78 2,517
2022-08-01 $766,750 (16.3%) $1,609,801 (3.4%) 1.77 2,467
2022-09-01 $778,950 (17.0%) $1,625,772 (0.7%) 1.82 2,347
2022-10-01 $795,000 (13.6%) $1,673,020 (-0.9%) 1.87 2,379
2022-11-01 $799,000 (9.7%) $1,765,838 (-1.2%) 1.92 2,655
2022-12-01 $811,139 (9.3%) $1,827,719 (-0.9%) 2.00 2,765
2023-01-01 $850,950 (10.6%) $1,907,779 (-1.1%) 2.11 2,985
2023-02-01 $879,500 (10.2%) $2,054,097 (4.3%) 2.12 3,141
2023-03-01 $892,000 (11.6%) $2,244,743 (20.4%) 2.10 3,218
2023-04-01 $899,000 (5.8%) $2,280,143 (24.0%) 2.09 3,216
2023-05-01 $899,748 (9.1%) $2,290,211 (31.2%) 2.04 3,131
2023-06-01 $889,950 (11.3%) $2,193,264 (29.6%) 2.00 3,087
2023-07-01 $854,500 (8.2%) $2,157,210 (28.7%) 1.94 2,990
2023-08-01 $845,013 (10.2%) $2,092,003 (30.0%) 1.94 2,886
2023-09-01 $839,900 (7.8%) $2,025,423 (24.6%) 1.96 2,977
2023-10-01 $850,000 (6.9%) $2,003,511 (19.8%) 2.00 3,399
2023-11-01 $854,725 (7.0%) $2,029,371 (14.9%) 2.04 3,974
2023-12-01 $855,000 (5.4%) $2,035,302 (11.4%) 2.09 4,324
Naples's median listing price for 2023-12-01 was $855,000, a difference of $43,861 (5.4%) versus the prior year and $275 versus the prior month.

Naples's median listing price comes in at 209% of the national average.

Naples's average listing price for 2023-12-01 was $2,035,302, a difference of $207,583 (11.4%) versus the prior year and $5,931 versus the prior month.

For the 2023-12-01 period, Naples had 4,324 MLS listings, a difference of 350 listings (9%) versus the prior month and 1,559 listings (56%) 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 80 days 1,943 sqft
2018-02-01 75 days 1,925 sqft
2018-03-01 73 days 1,910 sqft
2018-04-01 81 days 1,889 sqft
2018-05-01 87 days 1,874 sqft
2018-06-01 96 days 1,883 sqft
2018-07-01 103 days 1,889 sqft
2018-08-01 106 days 1,890 sqft
2018-09-01 107 days 1,884 sqft
2018-10-01 99 days 1,882 sqft
2018-11-01 88 days 1,880 sqft
2018-12-01 86 days 1,869 sqft
2019-01-01 87 days 1,866 sqft
2019-02-01 85 days 1,865 sqft
2019-03-01 85 days 1,865 sqft
2019-04-01 88 days 1,862 sqft
2019-05-01 97 days 1,861 sqft
2019-06-01 102 days 1,868 sqft
2019-07-01 108 days 1,866 sqft
2019-08-01 109 days 1,868 sqft
2019-09-01 106 days 1,868 sqft
2019-10-01 102 days 1,876 sqft
2019-11-01 87 days 1,883 sqft
2019-12-01 85 days 1,880 sqft
2020-01-01 87 days 1,895 sqft
2020-02-01 86 days 1,900 sqft
2020-03-01 80 days 1,900 sqft
2020-04-01 90 days 1,883 sqft
2020-05-01 99 days 1,885 sqft
2020-06-01 107 days 1,882 sqft
2020-07-01 106 days 1,870 sqft
2020-08-01 94 days 1,832 sqft
2020-09-01 94 days 1,833 sqft
2020-10-01 83 days 1,819 sqft
2020-11-01 74 days 1,824 sqft
2020-12-01 74 days 1,802 sqft
2021-01-01 73 days 1,777 sqft
2021-02-01 60 days 1,786 sqft
2021-03-01 49 days 1,833 sqft
2021-04-01 44 days 1,854 sqft
2021-05-01 43 days 1,869 sqft
2021-06-01 44 days 1,922 sqft
2021-07-01 44 days 1,902 sqft
2021-08-01 52 days 1,889 sqft
2021-09-01 57 days 1,924 sqft
2021-10-01 58 days 1,944 sqft
2021-11-01 58 days 2,000 sqft
2021-12-01 50 days 1,988 sqft
2022-01-01 54 days 1,971 sqft
2022-02-01 36 days 1,936 sqft
2022-03-01 30 days 1,915 sqft
2022-04-01 31 days 1,904 sqft
2022-05-01 36 days 1,883 sqft
2022-06-01 40 days 1,881 sqft
2022-07-01 51 days 1,868 sqft
2022-08-01 61 days 1,866 sqft
2022-09-01 69 days 1,879 sqft
2022-10-01 74 days 1,888 sqft
2022-11-01 67 days 1,882 sqft
2022-12-01 65 days 1,894 sqft
2023-01-01 67 days 1,924 sqft
2023-02-01 60 days 1,914 sqft
2023-03-01 54 days 1,921 sqft
2023-04-01 58 days 1,906 sqft
2023-05-01 62 days 1,908 sqft
2023-06-01 67 days 1,871 sqft
2023-07-01 75 days 1,857 sqft
2023-08-01 80 days 1,853 sqft
2023-09-01 75 days 1,848 sqft
2023-10-01 67 days 1,847 sqft
2023-11-01 60 days 1,836 sqft
2023-12-01 65 days 1,820 sqft
Naples's median listing age (time on market) for 2023-12-01 was 65 days. This is 0% longer than the same period one year ago.

Naples's median square footage for active listings during the 2023-12-01 period was 1,820 sqft. One year prior, the average listing was 1,894 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.