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 53 lenders originated 182 VA loans during 2024. The total origination value was $50,320,000, with an average VA loan value of $276,484.

Palatka VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Palatka averaged 6.9% for the week of 2025-05-09, compared to the national average (all VA variants) of 6.369% for the same period.

Palatka's average VA mortgage closing costs are $6,154.

The average rate for the prior week (2025-05-02) was 6.92% and one month ago for the week of 2025-04-04, the average rate was 6.46%.

The average rate one year ago was 7.25%.

For refis of the same type during the week of 2025-05-09, the average rate was 6.43%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 29 6.32% $5,341
Mortgage Research Center, LLC 22 6.53% $4,844
QUICKEN LOANS, LLC 14 5.83% $9,334
VILLAGE CAPITAL MORTGAGE 9 5.72% $6,628
FREEDOM MORTGAGE CORPORATION 8 6.44% $9,296
Equity Prime Mortgage LLC 7 6.77% $5,011
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.21% $1,732
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.47% $7,398
UNION HOME MORTGAGE CORP. 4 6.81% $11,550
PENNYMAC LOAN SERVICES, LLC 3 5.13% $5,354
Carrington Mortgage Services, LLC 3 5.96% $8,424
NEW DAY FINANCIAL, LLC 3 7.74% $13,969
Ameris Bank 3 6.29% $5,816
NEWREZ LLC 3 5.92% $13,221
CMG MORTGAGE, INC. 3 7.08% $10,355
LOANDEPOT.COM, LLC 3 6.63% $8,344
PLANET HOME LENDING, LLC 2 5.68% $8,018
EVERETT FINANCIAL, INC. 2 5.81% $11,035
Flagstar Bank, FSB 2 6.26% $6,291
MORTGAGEONE, INC. 2 7.25% $919
South State Bank 2 6.00% $9,178
The Federal Savings Bank 2 6.19% $18,377
Lakeview Community Capital, LLC 2 6.12% $4,265
Paramount Residential Mortgage Group, Inc. 1 6.50% $7,955
Plains Commerce Bank 1 7.25% $7,282
RELIANCE FIRST CAPITAL, LLC 1 6.13% $9,158
TOWNE MORTGAGE COMPANY 1 6.25% $9,853
USAA Federal Savings Bank 1 6.25% $4,402
VYSTAR 1 6.50% $4,138
1ST SIGNATURE LENDING, LLC 1 7.50% $11,534
WATSON MORTGAGE CORP. 1 6.75% $5,835
AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.50% $8,782
ALLIED MORTGAGE GROUP, INC. 1 5.75% $7,426
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $8,190
AMERICAN FINANCING CORPORATION 1 5.63% $13,523
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $7,291
AMERISAVE MORTGAGE CORPORATION 1 5.88% $22,575
Atlantic Coast Mortgage, LLC 1 6.25% $7,588
Bank of England 1 6.75% $9,131
BAY CAPITAL MORTGAGE CORPORATION 1 6.25% $21,961
BETTER MORTGAGE CORPORATION 1 6.50% $3,354
CALCON MUTUAL MORTGAGE LLC 1 6.50% $0
Century Mortgage Company DBA Century Lending Company 1 7.00% $11,163
CONTOUR MORTGAGE CORPORATION 1 6.50% $3,594
Countybank 1 5.75% $4,058
CROSSCOUNTRY MORTGAGE, LLC 1 4.81% $13,847
HALLMARK HOME MORTGAGE, LLC 1 6.25% $9,048
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $3,253
INSPIRE HOME LOANS INC. 1 5.13% $4,027
LAKEVIEW LOAN SERVICING, LLC 1 6.25% $2,203
Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $433
NAVY FEDERAL CREDIT UNION 1 6.00% $4,267
NETWORK CAPITAL FUNDING CORPORATION 1 6.50% $1,770

The top Palatka VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 29 VA loans originated. Their average total fees are $5,341, which is $497 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Palatka VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,844), UNITED WHOLESALE MORTGAGE, LLC ($5,341), QUICKEN LOANS, LLC ($9,334), .

The lowest rate Palatka VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.83%), UNITED WHOLESALE MORTGAGE, LLC (6.32%), Mortgage Research Center, LLC (6.53%), .

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.