Palatka VA Loan Rates, Closing Costs & Stats
Palatka, 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.
Palatka's 52 lenders originated 153 VA loans during 2022. The total origination value was $39,795,000, with an average VA loan value of $260,098.
Palatka VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Palatka
averaged
-0.07%
for the week of 2023-11-24, compared to the national average (all VA variants) of
0% for the same period.
Palatka's average VA mortgage closing costs are $5,455.
The average rate for the prior week (2023-11-17) was
7.07% and
one month ago for the week of 2023-10-20, the
average rate was 7.4%.
The average rate one year ago was 6.32%.
For refis of the same type during the week of 2023-11-24, the average rate
was -0.1%.
Palatka 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 Palatka level.
The top Palatka VA lender as defined by loan originations is Mortgage Research Center, LLC, with
24 VA loans originated. Their average total fees are
$6,395, which is $974
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Palatka VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($6,395), UNITED WHOLESALE MORTGAGE, LLC ($7,369), .
The lowest rate Palatka VA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (4.80%), Mortgage Research Center, LLC (5.22%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Palatka (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $214,725 (44.4%) | $279,204 (35.3%) | 0.00 | 292 |
2018-02-01 | $223,550 (52.2%) | $279,259 (32.1%) | 0.00 | 287 |
2018-03-01 | $220,000 (44.6%) | $269,247 (24.4%) | 0.00 | 303 |
2018-04-01 | $219,950 (38.3%) | $275,178 (25.6%) | 0.00 | 305 |
2018-05-01 | $227,850 (35.2%) | $281,312 (24.4%) | 0.00 | 285 |
2018-06-01 | $225,000 (31.7%) | $279,969 (21.5%) | 0.00 | 278 |
2018-07-01 | $226,950 (26.2%) | $277,271 (14.1%) | 0.00 | 268 |
2018-08-01 | $225,975 (20.6%) | $273,188 (10.3%) | 0.00 | 258 |
2018-09-01 | $210,000 (5.4%) | $261,428 (3.8%) | 0.00 | 269 |
2018-10-01 | $201,188 (1.1%) | $253,189 (1.0%) | 0.00 | 278 |
2018-11-01 | $199,445 (-0.3%) | $246,054 (-4.9%) | 0.00 | 286 |
2018-12-01 | $199,000 (-0.5%) | $247,145 (-5.0%) | 0.00 | 279 |
2019-01-01 | $196,950 (-8.3%) | $266,350 (-4.6%) | 0.00 | 269 |
2019-02-01 | $210,950 (-5.6%) | $271,835 (-2.7%) | 0.00 | 271 |
2019-03-01 | $218,800 (-0.6%) | $278,509 (3.4%) | 0.00 | 271 |
2019-04-01 | $223,350 (1.6%) | $286,266 (4.0%) | 0.00 | 270 |
2019-05-01 | $226,500 (-0.6%) | $296,867 (5.5%) | 0.00 | 260 |
2019-06-01 | $224,900 (0.0%) | $267,615 (-4.4%) | 0.00 | 254 |
2019-07-01 | $220,000 (-3.1%) | $265,526 (-4.2%) | 0.00 | 277 |
2019-08-01 | $214,532 (-5.1%) | $262,337 (-4.0%) | 0.00 | 283 |
2019-09-01 | $206,329 (-1.8%) | $257,358 (-1.6%) | 0.00 | 287 |
2019-10-01 | $199,950 (-0.6%) | $254,326 (0.5%) | 0.00 | 287 |
2019-11-01 | $200,000 (0.3%) | $256,357 (4.2%) | 0.00 | 263 |
2019-12-01 | $219,725 (10.4%) | $259,659 (5.1%) | 0.00 | 269 |
2020-01-01 | $219,825 (11.6%) | $289,774 (8.8%) | 0.00 | 275 |
2020-02-01 | $214,950 (1.9%) | $298,673 (9.9%) | 0.00 | 283 |
2020-03-01 | $209,975 (-4.0%) | $304,137 (9.2%) | 0.00 | 250 |
2020-04-01 | $221,250 (-0.9%) | $312,025 (9.0%) | 0.00 | 229 |
2020-05-01 | $222,000 (-2.0%) | $334,249 (12.6%) | 0.00 | 199 |
2020-06-01 | $218,450 (-2.9%) | $346,092 (29.3%) | 0.00 | 178 |
2020-07-01 | $229,000 (4.1%) | $327,489 (23.3%) | 0.00 | 191 |
2020-08-01 | $227,000 (5.8%) | $310,979 (18.5%) | 0.00 | 184 |
2020-09-01 | $229,000 (11.0%) | $297,285 (15.5%) | 0.00 | 169 |
2020-10-01 | $219,000 (9.5%) | $268,006 (5.4%) | 0.00 | 176 |
2020-11-01 | $229,000 (14.5%) | $305,142 (19.0%) | 0.00 | 154 |
2020-12-01 | $229,000 (4.2%) | $306,434 (18.0%) | 0.00 | 155 |
2021-01-01 | $219,900 (0.0%) | $300,733 (3.8%) | 0.00 | 141 |
2021-02-01 | $228,000 (6.1%) | $303,054 (1.5%) | 0.00 | 141 |
2021-03-01 | $229,000 (9.1%) | $320,336 (5.3%) | 0.00 | 138 |
2021-04-01 | $225,750 (2.0%) | $347,575 (11.4%) | 0.00 | 106 |
2021-05-01 | $236,998 (6.8%) | $333,087 (-0.4%) | 0.00 | 107 |
2021-06-01 | $216,248 (-1.0%) | $328,552 (-5.1%) | 0.00 | 130 |
2021-07-01 | $215,995 (-5.7%) | $322,850 (-1.4%) | 0.00 | 147 |
2021-08-01 | $217,673 (-4.1%) | $323,951 (4.2%) | 0.00 | 151 |
2021-09-01 | $226,218 (-1.2%) | $313,230 (5.4%) | 0.00 | 149 |
2021-10-01 | $245,000 (11.9%) | $381,067 (42.2%) | 0.00 | 153 |
2021-11-01 | $265,000 (15.7%) | $407,070 (33.4%) | 0.00 | 161 |
2021-12-01 | $274,500 (19.9%) | $410,352 (33.9%) | 0.00 | 156 |
2022-01-01 | $265,000 (20.5%) | $423,101 (40.7%) | 0.00 | 136 |
2022-02-01 | $282,400 (23.9%) | $503,126 (66.0%) | 0.00 | 114 |
2022-03-01 | $285,925 (24.9%) | $517,720 (61.6%) | 0.00 | 109 |
2022-04-01 | $275,000 (21.8%) | $512,636 (47.5%) | 0.00 | 124 |
2022-05-01 | $271,200 (14.4%) | $485,898 (45.9%) | 0.00 | 141 |
2022-06-01 | $319,900 (47.9%) | $561,860 (71.0%) | 0.00 | 156 |
2022-07-01 | $299,900 (38.9%) | $455,937 (41.2%) | 0.00 | 180 |
2022-08-01 | $302,200 (38.8%) | $444,067 (37.1%) | 0.00 | 195 |
2022-09-01 | $299,500 (32.4%) | $452,546 (44.5%) | 0.00 | 206 |
2022-10-01 | $300,990 (22.9%) | $483,630 (26.9%) | 0.00 | 211 |
2022-11-01 | $317,500 (19.8%) | $501,669 (23.2%) | 0.00 | 214 |
2022-12-01 | $294,900 (7.4%) | $428,442 (4.4%) | 0.00 | 228 |
2023-01-01 | $294,900 (11.3%) | $423,424 (0.1%) | 0.00 | 221 |
2023-02-01 | $294,900 (4.4%) | $420,361 (-16.5%) | 0.00 | 205 |
2023-03-01 | $295,675 (3.4%) | $413,523 (-20.1%) | 0.00 | 193 |
2023-04-01 | $298,500 (8.6%) | $416,355 (-18.8%) | 0.00 | 213 |
2023-05-01 | $310,775 (14.6%) | $417,306 (-14.1%) | 0.00 | 174 |
2023-06-01 | $303,750 (-5.1%) | $412,255 (-26.6%) | 0.00 | 179 |
2023-07-01 | $299,900 (0.0%) | $453,229 (-0.6%) | 0.00 | 192 |
2023-08-01 | $298,050 (-1.4%) | $426,981 (-3.9%) | 0.00 | 205 |
2023-09-01 | $299,900 (0.1%) | $443,858 (-1.9%) | 0.00 | 209 |
2023-10-01 | $309,900 (3.0%) | $452,080 (-6.5%) | 0.00 | 204 |
Palatka's median listing price comes in at 0% of the national average.
Palatka's average listing price for 2023-10-01 was $452,080, a difference of $-31,550 (-6.5%) versus the prior year and $8,222 versus the prior month.
For the 2023-10-01 period, Palatka had 204 MLS listings, a difference of -5 listings (-2%) versus the prior month and -7 listings (-3%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Palatka (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,621 sqft |
2018-02-01 | 0 days | 1,674 sqft |
2018-03-01 | 0 days | 1,752 sqft |
2018-04-01 | 0 days | 1,751 sqft |
2018-05-01 | 0 days | 1,801 sqft |
2018-06-01 | 0 days | 1,801 sqft |
2018-07-01 | 0 days | 1,800 sqft |
2018-08-01 | 0 days | 1,802 sqft |
2018-09-01 | 0 days | 1,792 sqft |
2018-10-01 | 0 days | 1,768 sqft |
2018-11-01 | 0 days | 1,722 sqft |
2018-12-01 | 0 days | 1,696 sqft |
2019-01-01 | 0 days | 1,685 sqft |
2019-02-01 | 0 days | 1,716 sqft |
2019-03-01 | 0 days | 1,764 sqft |
2019-04-01 | 0 days | 1,796 sqft |
2019-05-01 | 0 days | 1,800 sqft |
2019-06-01 | 0 days | 1,742 sqft |
2019-07-01 | 0 days | 1,741 sqft |
2019-08-01 | 0 days | 1,719 sqft |
2019-09-01 | 0 days | 1,696 sqft |
2019-10-01 | 0 days | 1,675 sqft |
2019-11-01 | 0 days | 1,676 sqft |
2019-12-01 | 0 days | 1,695 sqft |
2020-01-01 | 0 days | 1,713 sqft |
2020-02-01 | 0 days | 1,728 sqft |
2020-03-01 | 0 days | 1,693 sqft |
2020-04-01 | 0 days | 1,725 sqft |
2020-05-01 | 0 days | 1,674 sqft |
2020-06-01 | 0 days | 1,668 sqft |
2020-07-01 | 0 days | 1,864 sqft |
2020-08-01 | 0 days | 1,760 sqft |
2020-09-01 | 0 days | 1,800 sqft |
2020-10-01 | 0 days | 1,721 sqft |
2020-11-01 | 0 days | 1,679 sqft |
2020-12-01 | 0 days | 1,789 sqft |
2021-01-01 | 0 days | 1,721 sqft |
2021-02-01 | 0 days | 1,794 sqft |
2021-03-01 | 0 days | 1,759 sqft |
2021-04-01 | 0 days | 1,648 sqft |
2021-05-01 | 0 days | 1,600 sqft |
2021-06-01 | 0 days | 1,470 sqft |
2021-07-01 | 0 days | 1,434 sqft |
2021-08-01 | 0 days | 1,498 sqft |
2021-09-01 | 0 days | 1,512 sqft |
2021-10-01 | 0 days | 1,568 sqft |
2021-11-01 | 0 days | 1,576 sqft |
2021-12-01 | 0 days | 1,620 sqft |
2022-01-01 | 0 days | 1,709 sqft |
2022-02-01 | 0 days | 1,701 sqft |
2022-03-01 | 0 days | 1,744 sqft |
2022-04-01 | 0 days | 1,547 sqft |
2022-05-01 | 0 days | 1,531 sqft |
2022-06-01 | 0 days | 1,688 sqft |
2022-07-01 | 0 days | 1,657 sqft |
2022-08-01 | 0 days | 1,663 sqft |
2022-09-01 | 0 days | 1,619 sqft |
2022-10-01 | 0 days | 1,650 sqft |
2022-11-01 | 0 days | 1,625 sqft |
2022-12-01 | 0 days | 1,545 sqft |
2023-01-01 | 0 days | 1,545 sqft |
2023-02-01 | 0 days | 1,545 sqft |
2023-03-01 | 0 days | 1,545 sqft |
2023-04-01 | 0 days | 1,545 sqft |
2023-05-01 | 0 days | 1,543 sqft |
2023-06-01 | 0 days | 1,515 sqft |
2023-07-01 | 0 days | 1,539 sqft |
2023-08-01 | 0 days | 1,500 sqft |
2023-09-01 | 0 days | 1,520 sqft |
2023-10-01 | 0 days | 1,499 sqft |
Palatka's median square footage for active listings during the 2023-10-01 period was 1,499 sqft. One year prior, the average listing was 1,650 sqft.