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%.

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.