Palatka VA Loan Rates, Closing Costs & Stats

Palatka, FL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.