Palm Bay VA Loans

PALM BAY-MELBOURNE-TITUSVILLE, 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.

Palm Bay's 228 lenders originated 5,702 VA loans during 2021. The total origination value was $1,699,330,000, with an average VA loan value of $298,024.

Palm Bay VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Palm Bay averaged 5.41% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.72% and one month ago for the week of 2022-04-15, the average rate was 5.28%.

The average rate one year ago was 2.97%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.24%.

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

Palm Bay 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 Palm Bay level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 502 2.47% $5,220
Mortgage Research Center, LLC 384 2.88% $6,725
FREEDOM MORTGAGE CORPORATION 375 2.51% $3,489
UNITED WHOLESALE MORTGAGE, LLC 276 2.53% $6,175
PENNYMAC LOAN SERVICES, LLC 252 2.40% $5,524
NEW DAY FINANCIAL, LLC 183 2.75% $7,766
THE MORTGAGE FIRM, INC. 176 2.82% $7,749
NAVY FEDERAL CREDIT UNION 174 2.49% $5,863
DYBN FINANCIAL CORP. 157 2.80% $8,548
LOANDEPOT.COM, LLC 152 2.62% $5,479
CALIBER HOME LOANS, INC. 147 2.62% $5,783
DHI MORTGAGE COMPANY, LTD. 115 2.70% $7,018
USAA Federal Savings Bank 109 2.82% $5,295
HOME POINT FINANCIAL CORPORATION 96 2.56% $6,976
VILLAGE CAPITAL & INVESTMENT LLC 89 2.40% $3,318
CROSSCOUNTRY MORTGAGE, LLC 82 2.86% $7,159
LAKEVIEW LOAN SERVICING, LLC 74 2.55% $2,716
FBC MORTGAGE, LLC 69 2.78% $9,170
PRIMELENDING, A PLAINSCAPITAL COMPANY 67 2.93% $7,352
Mr. Cooper ( Nationstar Mortgage ) 64 2.78% $2,794
Wells Fargo Bank 60 2.50% $5,065
NEWREZ LLC 56 2.66% $3,531
PENTAGON FEDERAL CREDIT UNION 51 2.35% $3,948
CLEARPATH LENDING 49 2.27% $3,590
EMBRACE HOME LOANS, INC. 48 2.56% $6,386
GUARANTEED RATE, INC. 46 2.69% $5,328
SHELTER MORTGAGE COMPANY, L.L.C. 42 2.93% $7,521
HAMILTON HOME LOANS, INC. 40 3.07% $6,163
The Federal Savings Bank 38 2.49% $7,856
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 38 2.83% $7,670
Christensen Financial, Inc. 34 2.74% $8,642
FINANCE OF AMERICA MORTGAGE LLC 34 3.07% $7,789
MOVEMENT MORTGAGE, LLC 31 2.95% $4,278
Carrington Mortgage Services, LLC 30 3.23% $5,205
Mortgage Lenders Investment Trading Corporation 29 3.03% $4,358
Equity Prime Mortgage LLC 26 3.33% $6,548
EAGLE HOME MORTGAGE, LLC 25 3.09% $4,384
PLANET HOME LENDING, LLC 24 2.41% $5,425
HOMEBRIDGE FINANCIAL SERVICES, INC. 23 2.53% $6,866
Flagstar Bank, FSB 23 2.68% $8,097
ANGEL OAK HOME LOANS LLC 22 2.68% $5,507
Plains Commerce Bank 22 2.69% $7,202
Barrington Bank & Trust Company, N.A. 22 2.65% $5,077
North American Savings Bank, F.S.B. 22 2.45% $7,307
Truist Bank 22 2.72% $7,117
AMERICAN FINANCIAL NETWORK, INC. 22 2.84% $9,734
GUARANTEED RATE AFFINITY, LLC 20 2.59% $7,457
PRIMARY RESIDENTIAL MORTGAGE, INC. 20 3.16% $5,389
SUN WEST MORTGAGE COMPANY, INC. 20 2.61% $3,341
AMERISAVE MORTGAGE CORPORATION 20 2.72% $6,768
U.S. Bank 18 2.60% $10,622
First Guaranty Mortgage Corporation 18 2.45% $5,267
UNION HOME MORTGAGE CORP. 18 2.74% $8,089
AMERICAN PACIFIC MORTGAGE CORPORATION 17 2.83% $7,278
BROKER SOLUTIONS, INC. 16 2.68% $5,623
Low VA Rates, LLC 16 2.34% $4,555
Mid-Continent Funding, Inc. 15 2.80% $7,240
InterContinental Capital Group, Inc 15 2.41% $4,523
First Federal Bank 14 3.63% $11,427
Lakeview Community Capital, LLC 14 2.46% $2,470
DIRECT MORTGAGE LOANS, LLC 13 3.05% $12,554
CHAMPIONS MORTGAGE LLC 13 2.58% $4,854
BAY EQUITY LLC 12 2.81% $6,648
ACCELERATE MORTGAGE, LLC 12 2.38% $8,541
SPACE COAST Credit Union 12 2.92% $6,513
Magnolia Bank 12 2.67% $8,504
Paramount Residential Mortgage Group, Inc. 11 2.99% $10,104
Nations Lending Corporation 10 3.09% $5,978
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 9 3.11% $7,819
KELLER MORTGAGE, LLC 9 2.58% $10,297
Citizens Bank 9 2.89% $5,278
NBKC BANK 9 2.54% $7,071
MUTUAL OF OMAHA MORTGAGE, INC. 9 2.53% $5,185
CHURCHILL MORTGAGE CORPORATION 9 2.57% $2,986
BNC National Bank 9 2.21% $5,321
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 3.12% $8,235
KS StateBank 8 2.30% $5,240
AmeriHome Mortgage Company, LLC 8 2.86% $1,810
KBHS HOME LOANS, LLC 7 3.18% $6,173
Summit Mortgage Corporation 7 2.86% $6,582
TIAA, FSB 7 2.45% $4,866
Bank of England 7 2.77% $9,174
LOANPAL, LLC 7 2.50% $6,121
EVERETT FINANCIAL, INC. 6 3.63% $6,689
CMG MORTGAGE, INC. 6 2.71% $7,304
AMERIFIRST FINANCIAL CORPORATION 5 3.10% $7,200
SWBC MORTGAGE CORPORATION 5 3.00% $6,191
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 2.58% $8,805
HOMESTEAD FUNDING CORP. 4 2.34% $1,952
AMERICAN FINANCING CORPORATION 4 2.50% $7,729
Commerce Home Mortgage, Inc. 4 2.50% $10,880
Towne Bank 4 2.53% $7,780
NFM, INC. 4 2.66% $13,080
BAYSHORE MORTGAGE FUNDING, LLC 4 2.84% $4,320
FIRST HOME MORTGAGE CORPORATION 4 2.81% $3,917
RADIUS FINANCIAL GROUP INC. 4 3.03% $2,861
TJC Mortgage, Inc. 4 2.44% $5,962
GUILD MORTGAGE COMPANY 4 2.34% $8,572
NETWORK CAPITAL FUNDING CORPORATION 3 2.75% $2,348
NP, Inc. 3 2.75% $9,447
EMM LOANS LLC 3 3.21% $7,285
Ameris Bank 3 2.50% $7,144
Alcova Mortgage LLC 3 2.96% $7,984
FIDELITY FUNDING MORTGAGE CORP. 3 2.96% $6,944
Seacoast National Bank 3 2.71% $4,425
Wyndham Capital Mortgage, Inc. 3 2.58% $5,653
HOMESIDE FINANCIAL, LLC 3 2.46% $7,368
LENDUS, LLC 3 2.75% $3,617
Regions Bank 3 2.75% $5,635
Meridian Bank Corporation 3 2.67% $3,412
MICHIGAN MUTUAL, INC. 3 2.79% $9,322
Armed Forces Bank 3 2.25% $2,960
MORTGAGE EQUITY PARTNERS LLC 3 2.42% $5,365
INTERCAP LENDING INC. 3 2.42% $5,593
Prime Choice Funding Inc. 3 2.58% $1,366
UNIVERSITY LENDING GROUP, LLC 3 4.16% $7,232
Colonial Savings, F.A. 3 3.00% $7,149
Strong Home Mortgage, LLC 3 2.41% $2,385
NATIONS DIRECT MORTGAGE, LLC 2 2.56% $11,515
First Home Bank 2 2.63% $14,038
GENEVA FINANCIAL, LLC 2 3.25% $4,417
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 2.50% $5,015
Waterstone Mortgage Corporation 2 2.88% $9,089
FirstBank 2 2.38% $5,756
TOWNE MORTGAGE COMPANY 2 2.50% $9,190
HomePromise Corporation 2 2.88% $9,019
Capital Bank 2 2.50% $15,147
CAPITAL PARTNERS MORTGAGE, LLC 2 2.56% $11,768
EQUITY RESOURCES, INC. 2 2.81% $2,837
INTERLINC MORTGAGE SERVICES, LLC 2 2.88% $16,476
JAMES B. NUTTER & COMPANY 2 2.81% $1,979
CELEBRITY HOME LOANS, LLC 2 2.94% $3,839
STEARNS LENDING, LLC 2 2.94% $8,576
SOVEREIGN LENDING GROUP INCORPORATED 2 3.12% $6,988
SECURITYNATIONAL MORTGAGE COMPANY 2 2.56% $9,002
LEADERONE FINANCIAL CORPORATION 2 3.81% $6,652
DAS Acquisition Company, LLC 2 3.31% $9,221
Credence Funding Corporation 2 2.12% $2,216
CORNERSTONE HOME LENDING, INC. 2 2.94% $6,344
CONTOUR MORTGAGE CORPORATION 2 3.25% $8,315
PROPER RATE, LLC 2 3.25% $3,844
Progress Bank and Trust 2 2.25% $4,718
MILEND, INC. 2 4.25% $5,988
Community First National Bank 2 3.38% $3,710
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.06% $11,094
PREMIA MORTGAGE, LLC 2 2.44% $14,070
COMMUNITY CREDIT UNION OF FLORIDA 2 2.88% $8,031
First Savings Bank 2 2.81% $6,768
NATIONWIDE MORTGAGE BANKERS, INC. 2 2.88% $11,566
OPEN MORTGAGE, LLC 2 3.06% $7,072
Atlantic Union Bank 2 2.25% $5,606
ZILLOW HOME LOANS, LLC 1 2.38% $10,848
ACOPIA, LLC 1 3.38% $3,846
ALLIED MORTGAGE GROUP, INC. 1 2.50% $3,867
Amerifirst Financial, Inc. 1 2.75% $4,238
APEX HOME LOANS, INC. 1 3.25% $5,540
ASPIRE FINANCIAL, INC. 1 2.25% $11,801
Atlantic Coast Mortgage, LLC 1 3.00% $19,017
CALCON MUTUAL MORTGAGE LLC 1 4.75% $9,067
CANOPY MORTGAGE, LLC 1 2.63% $3,579
CBM Mortgage, Inc. 1 2.75% $6,675
Centennial Bank 1 2.38% $2,066
Century Mortgage Company DBA Century Lending Company 1 3.25% $4,044
CERTAINTY HOME LOANS, LLC 1 2.75% $13,090
CityWorth Mortgage LLC 1 2.25% $500
DEVELOPER'S MORTGAGE COMPANY 1 3.25% $3,993
Fidelity Bank 1 3.00% $9,047
First Bank & Trust 1 2.25% $7,837
FIRST COMMUNITY MORTGAGE, INC. 1 2.25% $8,831
First Federal Bank of Kansas City 1 2.75% $11,427
FIRST FLORIDA Credit Union 1 3.13% $2,319
First Heritage Mortgage, LLC 1 2.25% $6,596
First Internet Bank of Indiana 1 2.25% $3,652
First Mortgage Solutions, LLC 1 1.88% $4,632
Gateway First Bank 1 2.38% $3,048
George Mason Mortgage, LLC 1 2.63% $16,124
GERSHMAN INVESTMENT CORP. 1 2.88% $5,520
Goldwater Bank, N.A. 1 2.50% $3,153
GREAT WESTERN FINANCIAL SERVICES, INC. 1 3.25% $1,388
GSF Mortgage Corporation 1 3.75% $24,585
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.50% $6,816
HOMESPIRE MORTGAGE CORPORATION 1 3.25% $1,007
HOMESTAR FINANCIAL CORPORATION 1 2.75% $3,954
Hometown Lenders, Inc. 1 2.88% $4,376
INSPIRE HOME LOANS INC. 1 3.50% $9,026
INTELLILOAN, INC. 1 3.13% $1,047
INTERCOASTAL MORTGAGE COMPANY 1 2.38% $3,621
JET HOMELOANS, LLC 1 3.13% $4,304
Keystone Funding, Inc. 1 2.25% $2,225
LADERA LENDING, INC. 1 2.25% $2,968
LENDING 3, INC. 1 2.25% $3,792
Manufacturers and Traders Trust Company 1 2.25% $1,761
MID AMERICA MORTGAGE, INC. 1 2.38% $3,871
Midwest Community Bank 1 2.63% $16,022
Northpointe Bank 1 2.88% $9,281
Northwest Federal Credit Union 1 3.00% $13,639
OCMBC, INC. 1 2.88% $3,045
Paramount Bank 1 2.25% $4,392
PLAZA HOME MORTGAGE, INC. 1 2.75% $4,846
PNC Bank 1 2.63% $2,250
PREFERRED LENDING SERVICES, LLC 1 3.25% $6,294
Princeton Mortgage Corporation 1 3.63% $1,852
Prosperity Home Mortgage, LLC 1 2.50% $6,273
Red River Bank 1 2.63% $280
RELIANCE FIRST CAPITAL, LLC 1 2.88% $2,239
Reliant Bank 1 2.25% $9,553
RESIDENTIAL HOME FUNDING CORP. 1 1.75% $3,430
RESIDENTIAL MORTGAGE SERVICES, INC. 1 2.38% $0
Residential Mortgage Solutions, Inc. 1 3.25% $6,718
RESOURCE FINANCIAL SERVICES, INC. 1 2.25% $1,586
ROYAL UNITED MORTGAGE LLC 1 2.38% $11,290
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 2.88% $4,635
SOUTHERN TRUST MORTGAGE, LLC 1 2.75% $8,468
Stride Bank 1 2.75% $3,969
T2 FINANCIAL LLC 1 3.25% $13,839
TD Bank 1 2.75% $7,858
The Central Trust Bank 1 2.50% $19,744
The Union Bank Company 1 2.25% $2,748
TOP FLITE FINANCIAL, INC. 1 3.50% $18,979
Trustmark National Bank 1 2.50% $2,871
United Fidelity Funding Corp. 1 2.38% $19,237
UNITED MORTGAGE CORP. 1 3.25% $10,074
UNITED SECURITY FINANCIAL CORP 1 1.88% $17,476
VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.88% $13,421
VAN DYK MORTGAGE CORPORATION 1 2.75% $153
Watermark Capital, Inc. 1 2.25% $3,048
Wolfe Financial, Inc 1 2.88% $17,038
Academy Bank 1 2.75% $4,160

The top Palm Bay VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 502 VA loans originated. Their average total fees are $5,220, which is $1,505 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Palm Bay VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,470), LAKEVIEW LOAN SERVICING, LLC ($2,716), Mr. Cooper ( Nationstar Mortgage ) ($2,794), VILLAGE CAPITAL & INVESTMENT LLC ($3,318) and SUN WEST MORTGAGE COMPANY, INC. ($3,341).

The lowest rate Palm Bay VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.27%), Low VA Rates, LLC (2.34%), PENTAGON FEDERAL CREDIT UNION (2.35%), ACCELERATE MORTGAGE, LLC (2.38%) and VILLAGE CAPITAL & INVESTMENT LLC (2.40%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Palm Bay (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 $284,950 (6.9%) $379,453 (1.2%) 1.05 3,087
2018-02-01 $286,950 (5.3%) $383,145 (1.1%) 1.04 3,125
2018-03-01 $290,000 (3.6%) $386,869 (-0.1%) 1.00 3,139
2018-04-01 $299,400 (3.6%) $396,719 (0.8%) 1.00 3,172
2018-05-01 $297,980 (3.4%) $395,264 (-0.3%) 0.99 3,291
2018-06-01 $297,000 (1.4%) $394,332 (-1.6%) 0.99 3,365
2018-07-01 $295,495 (3.7%) $396,502 (0.6%) 0.99 3,404
2018-08-01 $291,950 (1.2%) $396,214 (0.8%) 0.98 3,470
2018-09-01 $287,000 (-0.7%) $392,596 (0.9%) 0.96 3,606
2018-10-01 $285,000 (0.0%) $390,947 (2.3%) 0.95 3,668
2018-11-01 $282,990 (-1.0%) $390,308 (1.8%) 0.95 3,854
2018-12-01 $279,900 (-2.4%) $386,562 (1.4%) 0.96 3,929
2019-01-01 $282,750 (-0.8%) $383,248 (1.0%) 0.98 3,941
2019-02-01 $288,500 (0.5%) $387,263 (1.1%) 0.97 4,023
2019-03-01 $291,529 (0.5%) $391,965 (1.3%) 0.95 3,849
2019-04-01 $292,029 (-2.5%) $395,093 (-0.4%) 0.92 3,591
2019-05-01 $292,400 (-1.9%) $396,362 (0.3%) 0.90 3,405
2019-06-01 $297,500 (0.2%) $401,740 (1.9%) 0.92 3,303
2019-07-01 $297,000 (0.5%) $393,967 (-0.6%) 0.92 3,234
2019-08-01 $296,657 (1.6%) $396,060 (0.0%) 0.93 3,128
2019-09-01 $299,000 (4.2%) $397,675 (1.3%) 0.95 3,080
2019-10-01 $304,950 (7.0%) $409,483 (4.7%) 0.97 3,079
2019-11-01 $304,000 (7.4%) $409,000 (4.8%) 0.98 3,050
2019-12-01 $299,900 (7.2%) $411,180 (6.4%) 1.00 3,037
2020-01-01 $299,700 (6.0%) $416,913 (8.8%) 1.00 2,978
2020-02-01 $299,900 (4.0%) $417,776 (7.9%) 0.97 2,919
2020-03-01 $299,925 (2.9%) $421,468 (7.5%) 0.94 2,961
2020-04-01 $295,000 (1.0%) $407,427 (3.1%) 0.92 3,174
2020-05-01 $299,000 (2.3%) $411,421 (3.8%) 0.91 3,007
2020-06-01 $299,250 (0.6%) $416,113 (3.6%) 0.87 2,511
2020-07-01 $307,042 (3.4%) $421,385 (7.0%) 0.88 2,227
2020-08-01 $315,000 (6.2%) $430,304 (8.7%) 0.90 2,083
2020-09-01 $329,948 (10.4%) $445,219 (12.0%) 0.94 1,846
2020-10-01 $329,900 (8.2%) $446,155 (9.0%) 0.94 1,792
2020-11-01 $316,800 (4.2%) $436,573 (6.7%) 0.91 1,822
2020-12-01 $309,450 (3.2%) $422,416 (2.7%) 0.91 1,743
2021-01-01 $304,140 (1.5%) $425,298 (2.0%) 0.89 1,527
2021-02-01 $305,948 (2.0%) $434,710 (4.1%) 0.88 1,264
2021-03-01 $314,500 (4.9%) $455,315 (8.0%) 0.88 1,005
2021-04-01 $328,450 (11.3%) $465,337 (14.2%) 0.88 897
2021-05-01 $345,000 (15.4%) $479,372 (16.5%) 0.91 878
2021-06-01 $349,900 (16.9%) $501,351 (20.5%) 0.91 967
2021-07-01 $350,495 (14.2%) $501,920 (19.1%) 0.91 1,166
2021-08-01 $362,000 (14.9%) $497,729 (15.7%) 0.95 1,304
2021-09-01 $360,000 (9.1%) $499,910 (12.3%) 0.95 1,348
2021-10-01 $369,900 (12.1%) $518,844 (16.3%) 0.97 1,243
2021-11-01 $369,950 (16.8%) $525,441 (20.4%) 0.98 1,248
2021-12-01 $369,000 (19.2%) $511,804 (21.2%) 0.98 1,171
2022-01-01 $369,900 (21.6%) $532,239 (25.1%) 0.99 968
2022-02-01 $374,900 (22.5%) $557,443 (28.2%) 0.96 846
2022-03-01 $377,500 (20.0%) $567,653 (24.7%) 0.93 787
2022-04-01 $390,000 (18.7%) $571,675 (22.9%) 0.92 861
Palm Bay's median listing price for 2022-04-01 was $390,000, a difference of $61,550 (18.7%) versus the prior year and $12,500 versus the prior month.

Palm Bay's median listing price comes in at 92% of the national average.

Palm Bay's average listing price for 2022-04-01 was $571,675, a difference of $106,338 (22.9%) versus the prior year and $4,022 versus the prior month.

For the 2022-04-01 period, Palm Bay had 861 MLS listings, a difference of 74 listings (9%) versus the prior month and -36 listings (-4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Palm Bay (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 66 days 1,891 sqft
2018-02-01 57 days 1,889 sqft
2018-03-01 52 days 1,890 sqft
2018-04-01 54 days 1,914 sqft
2018-05-01 52 days 1,911 sqft
2018-06-01 55 days 1,911 sqft
2018-07-01 58 days 1,917 sqft
2018-08-01 60 days 1,895 sqft
2018-09-01 60 days 1,866 sqft
2018-10-01 61 days 1,861 sqft
2018-11-01 63 days 1,851 sqft
2018-12-01 65 days 1,832 sqft
2019-01-01 71 days 1,828 sqft
2019-02-01 66 days 1,843 sqft
2019-03-01 59 days 1,857 sqft
2019-04-01 62 days 1,867 sqft
2019-05-01 63 days 1,883 sqft
2019-06-01 60 days 1,903 sqft
2019-07-01 59 days 1,883 sqft
2019-08-01 60 days 1,872 sqft
2019-09-01 64 days 1,872 sqft
2019-10-01 64 days 1,904 sqft
2019-11-01 59 days 1,873 sqft
2019-12-01 63 days 1,866 sqft
2020-01-01 65 days 1,866 sqft
2020-02-01 58 days 1,861 sqft
2020-03-01 52 days 1,865 sqft
2020-04-01 55 days 1,851 sqft
2020-05-01 66 days 1,860 sqft
2020-06-01 76 days 1,842 sqft
2020-07-01 65 days 1,848 sqft
2020-08-01 57 days 1,851 sqft
2020-09-01 53 days 1,864 sqft
2020-10-01 55 days 1,863 sqft
2020-11-01 49 days 1,828 sqft
2020-12-01 52 days 1,786 sqft
2021-01-01 59 days 1,780 sqft
2021-02-01 50 days 1,812 sqft
2021-03-01 47 days 1,823 sqft
2021-04-01 43 days 1,825 sqft
2021-05-01 39 days 1,800 sqft
2021-06-01 37 days 1,775 sqft
2021-07-01 35 days 1,774 sqft
2021-08-01 36 days 1,777 sqft
2021-09-01 39 days 1,788 sqft
2021-10-01 44 days 1,806 sqft
2021-11-01 42 days 1,789 sqft
2021-12-01 46 days 1,794 sqft
2022-01-01 52 days 1,764 sqft
2022-02-01 39 days 1,791 sqft
2022-03-01 37 days 1,756 sqft
2022-04-01 32 days 1,754 sqft
Palm Bay's median listing age (time on market) for 2022-04-01 was 32 days. This is -25% shorter than the same period one year ago.

Palm Bay's median square footage for active listings during the 2022-04-01 period was 1,754 sqft. One year prior, the average listing was 1,825 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.