Naples VA Loan Rates, Closing Costs & Stats

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 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 53 lenders originated 168 VA loans during 2023. The total origination value was $83,940,000, with an average VA loan value of $499,643.

    Naples VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Naples averaged 7.16% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Naples's average VA mortgage closing costs are $8,345.

    The average rate for the prior week (2024-04-12) was 6.69% and one month ago for the week of 2024-03-15, the average rate was 6.85%.

    The average rate one year ago was 6.44%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.98%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 21 6.58% $12,167
    QUICKEN LOANS, LLC 15 6.17% $13,806
    PULTE MORTGAGE LLC 13 6.02% $10,266
    CROSSCOUNTRY MORTGAGE, LLC 10 6.57% $15,521
    NAVY FEDERAL CREDIT UNION 9 5.90% $10,648
    EAGLE HOME MORTGAGE, LLC 9 6.03% $9,955
    LOANDEPOT.COM, LLC 9 5.76% $10,158
    UNITED WHOLESALE MORTGAGE, LLC 8 5.92% $12,581
    BROKER SOLUTIONS, INC. 3 6.63% $27,736
    USAA Federal Savings Bank 3 6.83% $10,340
    NEW DAY FINANCIAL, LLC 3 7.58% $21,579
    MOVEMENT MORTGAGE, LLC 3 6.71% $11,154
    GUARANTEED RATE, INC. 2 6.49% $21,410
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.13% $21,094
    PENTAGON FEDERAL CREDIT UNION 2 5.75% $8,440
    FREEDOM MORTGAGE CORPORATION 2 6.25% $35,596
    South Pacific Financial Corporation 2 5.81% $22,675
    CALIBER HOME LOANS, INC. 2 6.25% $26,409
    CARDINAL FINANCIAL 2 6.50% $25,482
    GUARANTEED RATE AFFINITY, LLC 2 5.94% $5,644
    NBKC BANK 1 6.00% $14,203
    Neighborhood Loans, Inc. 1 6.63% $32,201
    Paramount Residential Mortgage Group, Inc. 1 6.25% $12,322
    Plains Commerce Bank 1 5.75% $9,373
    Summit Mortgage Corporation 1 6.75% $8,535
    SUN WEST MORTGAGE COMPANY, INC. 1 4.75% $23,818
    TBI MORTGAGE COMPANY 1 5.75% $1,643
    The Central Trust Bank 1 6.50% $31,075
    The Federal Savings Bank 1 6.25% $38,854
    TJC Mortgage, Inc. 1 5.25% $13,183
    TOWNE MORTGAGE COMPANY 1 6.13% $25,083
    U.S. Bank 1 6.13% $6,628
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $10,330
    Wells Fargo Bank 1 5.75% $5,744
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $6,711
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $17,038
    Atlantic Coast Mortgage, LLC 1 5.75% $9,559
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.25% $5,977
    FAIRWAY FUNDING GROUP, INC. 1 5.88% $16,786
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $18,809
    FIDELITY DIRECT MORTGAGE, LLC 1 6.13% $7,511
    First Federal Bank 1 6.13% $6,983
    Flagstar Bank, FSB 1 5.88% $16,787
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $4,809
    GoPrime Mortgage, Inc. 1 6.75% $5,783
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.13% $21,485
    Ixonia Bank 1 7.88% $11,786
    LAKE MICHIGAN CREDIT UNION 1 5.88% $5,895
    Leader Bank 1 5.75% $4,254
    LIBERTY HOME MORTGAGE CORPORATION 1 6.50% $18,614
    LOANPAL, LLC 1 5.25% $25,965
    Mid-Continent Funding, Inc. 1 6.25% $22,130
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $15,445

    The top Naples VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $12,167, which is $1,639 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Naples VA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($10,266), Mortgage Research Center, LLC ($12,167), QUICKEN LOANS, LLC ($13,806), CROSSCOUNTRY MORTGAGE, LLC ($15,521) and .

    The lowest rate Naples VA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC (6.02%), QUICKEN LOANS, LLC (6.17%), CROSSCOUNTRY MORTGAGE, LLC (6.57%), Mortgage Research Center, LLC (6.58%) and .

    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
    2024-01-01 $850,000 (-0.1%) $2,025,147 (6.2%) 2.08 4,839
    2024-02-01 $849,950 (-3.4%) $2,057,708 (0.2%) 2.05 5,438
    2024-03-01 $849,000 (-4.8%) $2,049,294 (-8.7%) 2.00 5,852
    Naples's median listing price for 2024-03-01 was $849,000, a difference of $-43,000 (-4.8%) versus the prior year and $-950 versus the prior month.

    Naples's median listing price comes in at 200% of the national average.

    Naples's average listing price for 2024-03-01 was $2,049,294, a difference of $-195,449 (-8.7%) versus the prior year and $-8,414 versus the prior month.

    For the 2024-03-01 period, Naples had 5,852 MLS listings, a difference of 414 listings (8%) versus the prior month and 2,634 listings (82%) 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 1,835 sqft
    2023-12-01 65 days 1,820 sqft
    2024-01-01 72 days 1,821 sqft
    2024-02-01 67 days 1,814 sqft
    2024-03-01 64 days 1,819 sqft
    Naples's median listing age (time on market) for 2024-03-01 was 64 days. This is 19% longer than the same period one year ago.

    Naples's median square footage for active listings during the 2024-03-01 period was 1,819 sqft. One year prior, the average listing was 1,921 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.