Palatka VA Loan Rates, Closing Costs & Stats

Palatka, 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.

    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 7.15% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

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

    The average rate for the prior week (2025-05-16) was 6.84% and one month ago for the week of 2025-04-18, the average rate was 6.81%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.28%.

    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%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Palatka (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 $214,725 (44.4%) $279,510 (35.4%) 0.00 292
    2018-02-01 $223,550 (52.2%) $279,572 (32.3%) 0.00 287
    2018-03-01 $220,000 (44.6%) $269,552 (24.6%) 0.00 303
    2018-04-01 $220,000 (38.4%) $276,384 (26.1%) 0.00 306
    2018-05-01 $228,700 (35.7%) $282,505 (24.9%) 0.00 286
    2018-06-01 $225,000 (31.7%) $281,082 (22.0%) 0.00 280
    2018-07-01 $225,975 (25.7%) $277,224 (14.0%) 0.00 269
    2018-08-01 $224,975 (20.0%) $272,648 (10.1%) 0.00 259
    2018-09-01 $209,950 (5.4%) $260,927 (3.5%) 0.00 270
    2018-10-01 $201,188 (1.1%) $253,804 (1.0%) 0.00 280
    2018-11-01 $199,448 (-0.9%) $246,883 (-4.8%) 0.00 287
    2018-12-01 $199,000 (-0.5%) $248,231 (-4.7%) 0.00 280
    2019-01-01 $197,975 (-7.8%) $267,397 (-4.3%) 0.00 270
    2019-02-01 $212,400 (-5.0%) $272,861 (-2.4%) 0.00 272
    2019-03-01 $219,593 (-0.2%) $279,495 (3.7%) 0.00 272
    2019-04-01 $223,843 (1.8%) $287,216 (3.9%) 0.00 271
    2019-05-01 $227,500 (-0.5%) $297,831 (5.4%) 0.00 261
    2019-06-01 $224,900 (0.0%) $268,670 (-4.4%) 0.00 255
    2019-07-01 $220,000 (-2.6%) $265,526 (-4.2%) 0.00 277
    2019-08-01 $214,532 (-4.6%) $262,337 (-3.8%) 0.00 283
    2019-09-01 $206,329 (-1.7%) $257,358 (-1.4%) 0.00 287
    2019-10-01 $199,950 (-0.6%) $254,326 (0.2%) 0.00 287
    2019-11-01 $200,000 (0.3%) $256,357 (3.8%) 0.00 263
    2019-12-01 $219,725 (10.4%) $259,659 (4.6%) 0.00 269
    2020-01-01 $219,825 (11.0%) $289,774 (8.4%) 0.00 275
    2020-02-01 $214,950 (1.2%) $298,673 (9.5%) 0.00 283
    2020-03-01 $211,000 (-3.9%) $304,228 (8.9%) 0.00 251
    2020-04-01 $222,250 (-0.7%) $312,179 (8.7%) 0.00 230
    2020-05-01 $224,000 (-1.5%) $334,249 (12.2%) 0.00 199
    2020-06-01 $218,450 (-2.9%) $346,092 (28.8%) 0.00 178
    2020-07-01 $229,000 (4.1%) $327,489 (23.3%) 0.00 192
    2020-08-01 $227,000 (5.8%) $310,979 (18.5%) 0.00 185
    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 (8.5%) $320,336 (5.3%) 0.00 138
    2021-04-01 $225,750 (1.6%) $347,575 (11.3%) 0.00 106
    2021-05-01 $236,998 (5.8%) $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%) $560,823 (70.7%) 0.00 156
    2022-07-01 $299,700 (38.8%) $454,466 (40.8%) 0.00 181
    2022-08-01 $300,975 (38.3%) $442,804 (36.7%) 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%) $420,455 (-16.4%) 0.00 205
    2023-03-01 $294,900 (3.1%) $413,827 (-20.1%) 0.00 192
    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 (-26.5%) 0.00 179
    2023-07-01 $299,900 (0.1%) $453,229 (-0.3%) 0.00 192
    2023-08-01 $298,050 (-1.0%) $426,981 (-3.6%) 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
    2023-11-01 $299,975 (-5.5%) $446,654 (-11.0%) 0.00 213
    2023-12-01 $299,950 (1.7%) $411,176 (-4.0%) 0.00 230
    2024-01-01 $316,700 (7.4%) $430,026 (1.6%) 0.00 229
    2024-02-01 $317,475 (7.7%) $441,189 (4.9%) 0.00 222
    2024-03-01 $309,950 (5.1%) $445,585 (7.7%) 0.00 229
    2024-04-01 $299,950 (0.5%) $441,201 (6.0%) 0.00 251
    2024-05-01 $299,950 (-3.5%) $426,437 (2.2%) 0.00 253
    2024-06-01 $299,900 (-1.3%) $420,388 (2.0%) 0.00 270
    2024-07-01 $300,000 (0.0%) $427,904 (-5.6%) 0.00 278
    2024-08-01 $320,000 (7.4%) $422,666 (-1.0%) 0.00 297
    2024-09-01 $324,500 (8.2%) $428,853 (-3.4%) 0.00 311
    2024-10-01 $325,000 (4.9%) $426,329 (-5.7%) 0.00 316
    2024-11-01 $319,250 (6.4%) $421,221 (-5.7%) 0.00 334
    2024-12-01 $319,750 (6.6%) $416,050 (1.2%) 0.00 348
    2025-01-01 $313,750 (-0.9%) $417,789 (-2.9%) 0.00 340
    2025-02-01 $315,000 (-0.8%) $416,483 (-5.6%) 0.00 341
    2025-03-01 $326,400 (5.3%) $418,051 (-6.2%) 0.00 328
    2025-04-01 $325,000 (8.4%) $412,476 (-6.5%) 0.00 352
    Palatka's median listing price for 2025-04-01 was $325,000, a difference of $25,050 (8.4%) versus the prior year and $-1,400 versus the prior month.

    Palatka's median listing price comes in at 0% of the national average.

    Palatka's average listing price for 2025-04-01 was $412,476, a difference of $-28,725 (-6.5%) versus the prior year and $-5,575 versus the prior month.

    For the 2025-04-01 period, Palatka had 352 MLS listings, a difference of 24 listings (7%) versus the prior month and 101 listings (40%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Palatka (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date 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 1,754 sqft
    2018-05-01 0 days 1,802 sqft
    2018-06-01 0 days 1,801 sqft
    2018-07-01 0 days 1,800 sqft
    2018-08-01 0 days 1,801 sqft
    2018-09-01 0 days 1,792 sqft
    2018-10-01 0 days 1,768 sqft
    2018-11-01 0 days 1,723 sqft
    2018-12-01 0 days 1,699 sqft
    2019-01-01 0 days 1,686 sqft
    2019-02-01 0 days 1,720 sqft
    2019-03-01 0 days 1,766 sqft
    2019-04-01 0 days 1,797 sqft
    2019-05-01 0 days 1,801 sqft
    2019-06-01 0 days 1,744 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 1,695 sqft
    2020-04-01 0 days 1,727 sqft
    2020-05-01 0 days 1,674 sqft
    2020-06-01 0 days 1,668 sqft
    2020-07-01 0 days 1,858 sqft
    2020-08-01 0 days 1,767 sqft
    2020-09-01 0 days 1,800 sqft
    2020-10-01 0 days 1,721 sqft
    2020-11-01 0 days 1,677 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 1,625 sqft
    2022-01-01 0 days 1,722 sqft
    2022-02-01 0 days 1,701 sqft
    2022-03-01 0 days 1,731 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 1,650 sqft
    2022-08-01 0 days 1,662 sqft
    2022-09-01 0 days 1,619 sqft
    2022-10-01 0 days 1,650 sqft
    2022-11-01 0 days 1,621 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 1,512 sqft
    2023-10-01 0 days 1,495 sqft
    2023-11-01 0 days 1,527 sqft
    2023-12-01 0 days 1,536 sqft
    2024-01-01 0 days 1,603 sqft
    2024-02-01 0 days 1,561 sqft
    2024-03-01 0 days 1,564 sqft
    2024-04-01 0 days 1,550 sqft
    2024-05-01 0 days 1,525 sqft
    2024-06-01 0 days 1,520 sqft
    2024-07-01 0 days 1,600 sqft
    2024-08-01 0 days 1,568 sqft
    2024-09-01 0 days 1,610 sqft
    2024-10-01 0 days 1,630 sqft
    2024-11-01 0 days 1,612 sqft
    2024-12-01 0 days 1,612 sqft
    2025-01-01 0 days 1,577 sqft
    2025-02-01 0 days 1,620 sqft
    2025-03-01 0 days 1,622 sqft
    2025-04-01 0 days 1,559 sqft
    Palatka's median listing age (time on market) for 2025-04-01 was 0 days.

    Palatka's median square footage for active listings during the 2025-04-01 period was 1,559 sqft. One year prior, the average listing was 1,550 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.