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 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 6.41% for the week of 2023-09-15, compared to the national average (all VA variants) of 6.807% for the same period.

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

    The average rate for the prior week (2023-09-08) was 6.55% and one month ago for the week of 2023-08-11, the average rate was 6.5%.

    The average rate one year ago was 5.38%.

    For refis of the same type during the week of 2023-09-15, the average rate was 5.17%.

    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 $454,862 (-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%) $932,598 (2.4%) 1.46 7,660
    2019-05-01 $450,000 (0.0%) $927,471 (3.8%) 1.41 7,113
    2019-06-01 $450,000 (0.0%) $938,387 (6.2%) 1.41 6,567
    2019-07-01 $449,450 (-0.1%) $919,014 (3.6%) 1.41 6,108
    2019-08-01 $449,245 (0.9%) $921,004 (4.3%) 1.42 5,958
    2019-09-01 $449,614 (2.2%) $919,940 (4.3%) 1.44 5,878
    2019-10-01 $449,950 (1.1%) $923,418 (1.5%) 1.45 5,850
    2019-11-01 $459,000 (2.2%) $950,477 (3.2%) 1.51 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 (4.4%) $991,163 (7.4%) 1.56 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%) $1,085,815 (14.2%) 1.40 3,915
    2020-12-01 $478,303 (2.9%) $1,105,719 (15.1%) 1.42 3,638
    2021-01-01 $479,000 (0.8%) $1,144,020 (14.7%) 1.43 3,192
    2021-02-01 $497,000 (4.6%) $1,169,300 (18.0%) 1.45 2,416
    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%) 1.60 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 (55.2%) $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%) $2,279,704 (24.0%) 2.09 3,217
    2023-05-01 $899,748 (9.1%) $2,290,211 (31.2%) 2.04 3,131
    2023-06-01 $889,950 (11.3%) $2,192,988 (29.6%) 2.00 3,088
    2023-07-01 $854,500 (8.2%) $2,156,944 (28.7%) 1.94 2,990
    2023-08-01 $845,013 (10.2%) $2,092,003 (30.0%) 1.94 2,886
    Naples's median listing price for 2023-08-01 was $845,013, a difference of $78,263 (10.2%) versus the prior year and $-9,487 versus the prior month.

    Naples's median listing price comes in at 194% of the national average.

    Naples's average listing price for 2023-08-01 was $2,092,003, a difference of $482,202 (30.0%) versus the prior year and $-64,941 versus the prior month.

    For the 2023-08-01 period, Naples had 2,886 MLS listings, a difference of -104 listings (-3%) versus the prior month and 419 listings (17%) 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 1,876 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 1,866 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 1,867 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 1,871 sqft
    2020-08-01 94 days 1,832 sqft
    2020-09-01 94 days 1,832 sqft
    2020-10-01 83 days 1,818 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 1,853 sqft
    2021-05-01 43 days 1,869 sqft
    2021-06-01 44 days 1,922 sqft
    2021-07-01 44 days 1,901 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 1,903 sqft
    2022-05-01 36 days 1,883 sqft
    2022-06-01 40 days 1,880 sqft
    2022-07-01 51 days 1,868 sqft
    2022-08-01 61 days 1,867 sqft
    2022-09-01 69 days 1,880 sqft
    2022-10-01 74 days 1,889 sqft
    2022-11-01 67 days 1,883 sqft
    2022-12-01 65 days 1,896 sqft
    2023-01-01 67 days 1,925 sqft
    2023-02-01 60 days 1,914 sqft
    2023-03-01 54 days 1,921 sqft
    2023-04-01 58 days 1,907 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
    Naples's median listing age (time on market) for 2023-08-01 was 80 days. This is 32% longer than the same period one year ago.

    Naples's median square footage for active listings during the 2023-08-01 period was 1,853 sqft. One year prior, the average listing was 1,867 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.