Palm Bay VA Loan Rates, Closing Costs & Stats

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 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.

Palm Bay's 192 lenders originated 2,989 VA loans during 2022. The total origination value was $1,072,565,000, with an average VA loan value of $358,837.

Palm Bay VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Palm Bay averaged 6.54% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Palm Bay's average VA mortgage closing costs are $6,470.

The average rate for the prior week (2024-02-23) was 6.37% and one month ago for the week of 2024-01-26, the average rate was 6.09%.

The average rate one year ago was 5.93%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.28%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Palm Bay level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 301 4.54% $9,295
Mortgage Research Center, LLC 293 5.03% $8,928
QUICKEN LOANS, LLC 212 4.08% $11,933
DHI MORTGAGE COMPANY, LTD. 146 4.35% $8,209
DYBN FINANCIAL CORP. 142 4.83% $11,284
FREEDOM MORTGAGE CORPORATION 125 4.38% $11,456
NAVY FEDERAL CREDIT UNION 116 3.96% $8,991
THE MORTGAGE FIRM, INC. 98 4.88% $8,795
LOANDEPOT.COM, LLC 90 4.35% $9,366
PENNYMAC LOAN SERVICES, LLC 74 3.40% $10,097
USAA Federal Savings Bank 71 4.27% $8,225
NEW DAY FINANCIAL, LLC 70 4.87% $12,046
CALIBER HOME LOANS, INC. 52 4.43% $10,225
CROSSCOUNTRY MORTGAGE, LLC 47 5.03% $8,454
FBC MORTGAGE, LLC 41 4.97% $11,618
HOME POINT FINANCIAL CORPORATION 41 4.49% $12,310
Mr. Cooper ( Nationstar Mortgage ) 40 4.57% $10,011
EMBRACE HOME LOANS, INC. 31 4.25% $12,368
EAGLE HOME MORTGAGE, LLC 30 4.81% $7,280
MOVEMENT MORTGAGE, LLC 26 4.80% $9,960
GUARANTEED RATE, INC. 24 4.17% $9,631
VILLAGE CAPITAL MORTGAGE 24 3.96% $8,040
Flagstar Bank, FSB 20 4.04% $10,422
NEWREZ LLC 20 4.26% $9,827
AMERISAVE MORTGAGE CORPORATION 19 4.07% $15,635
NFM, INC. 18 5.35% $12,767
PRIMELENDING, A PLAINSCAPITAL COMPANY 18 4.39% $8,422
CARDINAL FINANCIAL 17 5.20% $13,768
Carrington Mortgage Services, LLC 16 4.55% $9,210
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 5.59% $8,373
Wells Fargo Bank 15 4.43% $6,027
SHELTER MORTGAGE COMPANY, L.L.C. 15 4.42% $9,708
PENTAGON FEDERAL CREDIT UNION 15 3.54% $4,436
Plains Commerce Bank 14 4.38% $10,342
The Federal Savings Bank 14 4.95% $16,796
HOMEBRIDGE FINANCIAL SERVICES, INC. 13 4.11% $13,069
BROKER SOLUTIONS, INC. 13 4.53% $10,611
Mortgage Lenders Investment Trading Corporation 13 4.14% $6,459
CLEARPATH LENDING 13 3.22% $8,139
LAKEVIEW LOAN SERVICING, LLC 12 3.26% $4,693
ANGEL OAK HOME LOANS LLC 12 5.14% $6,255
PLANET HOME LENDING, LLC 11 4.68% $11,518
U.S. Bank 11 4.27% $8,507
Christensen Financial, Inc. 11 4.68% $7,963
DIRECT MORTGAGE LOANS, LLC 11 5.50% $16,419
FINANCE OF AMERICA MORTGAGE LLC 10 4.92% $13,447
Barrington Bank & Trust Company, N.A. 10 4.50% $7,288
PRIMARY RESIDENTIAL MORTGAGE, INC. 10 4.71% $9,151
Equity Prime Mortgage LLC 10 4.88% $17,416
Truist 9 4.54% $5,964
GUARANTEED RATE AFFINITY, LLC 9 4.73% $9,435
HAMILTON HOME LOANS, INC. 9 4.50% $10,662
UNION HOME MORTGAGE CORP. 8 4.36% $13,737
HOMESIDE FINANCIAL, LLC 8 4.95% $9,239
Mid-Continent Funding, Inc. 8 4.75% $8,968
Paramount Residential Mortgage Group, Inc. 7 4.82% $11,917
BAYSHORE MORTGAGE FUNDING, LLC 7 5.52% $10,266
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 6.00% $6,843
EVERETT FINANCIAL, INC. 6 5.48% $6,864
Wyndham Capital Mortgage, Inc. 6 3.65% $6,612
LOANPAL, LLC 6 4.19% $14,317
Waterstone Mortgage Corporation 6 4.83% $9,562
KBHS HOME LOANS, LLC 6 4.06% $13,661
JPMorgan Chase Bank 5 5.15% $4,864
Bank of England 5 4.73% $14,409
COMMUNITY CREDIT UNION OF FLORIDA 5 4.50% $5,914
GUILD MORTGAGE COMPANY 5 5.30% $9,051
AMERIFIRST FINANCIAL CORPORATION 5 4.73% $12,054
AMERICAN FINANCIAL RESOURCES, INC. 4 5.44% $4,972
CMG MORTGAGE, INC. 4 4.44% $9,159
Lakeview Community Capital, LLC 4 3.63% $3,889
North American Savings Bank, F.S.B. 4 3.25% $7,796
Strong Home Mortgage, LLC 4 4.25% $12,706
Nations Lending Corporation 4 4.06% $9,202
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 3.75% $7,265
RADIUS FINANCIAL GROUP INC. 4 3.84% $5,768
CHURCHILL MORTGAGE CORPORATION 4 4.31% $9,412
Citizens Bank 4 5.38% $8,365
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 5.06% $6,811
AMERICAN FINANCING CORPORATION 4 4.41% $9,450
NETWORK CAPITAL FUNDING CORPORATION 3 3.46% $5,877
AMERICAN PACIFIC MORTGAGE CORPORATION 3 4.54% $15,594
BAY EQUITY LLC 3 4.75% $9,438
GoPrime Mortgage, Inc. 3 4.83% $11,202
INSPIRE HOME LOANS INC. 3 5.42% $8,154
LEADERONE FINANCIAL CORPORATION 3 5.58% $6,395
Low VA Rates, LLC 3 3.54% $17,850
MILEND, INC. 3 5.16% $18,533
MORTGAGE EQUITY PARTNERS LLC 3 4.50% $12,241
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.21% $5,520
NATIONS DIRECT MORTGAGE, LLC 3 4.42% $8,010
ABSOLUTE HOME MORTGAGE CORPORATION 3 5.75% $11,960
RELIANCE FIRST CAPITAL, LLC 3 5.29% $10,274
SECURITYNATIONAL MORTGAGE COMPANY 3 6.29% $18,751
SOVEREIGN LENDING GROUP INCORPORATED 3 4.04% $15,222
SUN WEST MORTGAGE COMPANY, INC. 3 5.21% $6,863
TJC Mortgage, Inc. 3 5.21% $13,984
Northwest Federal Credit Union 2 4.81% $2,640
FirstBank 2 3.00% $9,680
First Federal Bank of Kansas City 2 5.00% $14,287
FIRST ALLIANCE HOME MORTGAGE, LLC 2 2.56% $2,775
First Federal Bank 2 4.50% $16,292
Towne Bank 2 4.25% $14,391
TOWNE MORTGAGE COMPANY 2 3.93% $12,531
Credence Funding Corporation 2 2.31% $3,161
PARK SQUARE HOME MORTGAGE, LLC 2 3.94% $15,600
MCLEAN MORTGAGE CORPORATION 2 3.00% $6,919
CONTOUR MORTGAGE CORPORATION 2 5.00% $12,444
Sierra Pacific Mortgage Company, Inc. 2 5.13% $16,020
Community First National Bank 2 4.19% $9,144
Commerce Home Mortgage, Inc. 2 4.56% $15,657
AMERICAN BANCSHARES MORTGAGE 2 3.19% $4,695
PNC Bank 2 4.69% $2,491
Fifth Third Bank 2 3.38% $2,904
INTERCOASTAL MORTGAGE COMPANY 2 4.87% $9,333
EMM LOANS LLC 2 4.56% $15,963
Magnolia Bank 2 3.88% $12,351
GSF Mortgage Corporation 2 5.25% $9,937
VERITAS FUNDING, LLC 2 4.44% $19,022
TD Bank 2 3.44% $8,162
Texana Bank 2 3.13% $9,517
The Central Trust Bank 2 2.38% $6,445
Northpointe Bank 2 2.94% $17,706
CityWorth Mortgage LLC 1 2.88% $7,620
CHERRY CREEK MORTGAGE, LLC 1 6.63% $11,838
PROPER RATE, LLC 1 5.75% $5,611
CHAMPIONS MORTGAGE LLC 1 5.75% $14,327
CERTAINTY HOME LOANS, LLC 1 4.49% $1,420
WATSON MORTGAGE CORP. 1 6.13% $5,190
RESIDENTIAL HOME FUNDING CORP. 1 4.25% $9,005
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 5.25% $3,615
ROYAL UNITED MORTGAGE LLC 1 2.75% $25,166
Seacoast National Bank 1 4.75% $4,203
AMERICAN ADVISORS GROUP 1 4.63% $3,816
CALCON MUTUAL MORTGAGE LLC 1 5.63% $3,329
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.63% $17,997
Wolfe Financial, Inc 1 6.13% $1,790
SPACE COAST Credit Union 1 3.13% $10,944
BNC National Bank 1 4.50% $16,836
SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $11,389
WRIGHT-PATT CREDIT UNION, INC. 1 4.63% $4,083
SWBC MORTGAGE CORPORATION 1 5.75% $5,344
T2 FINANCIAL LLC 1 3.75% $14,536
BEST CAPITAL FUNDING 1 3.25% $12,080
The Huntington National Bank 1 7.13% $9,266
Bank of America 1 4.88% $5,703
TIDEWATER MORTGAGE SERVICES, INC. 1 4.38% $4,787
ACADEMY MORTGAGE CORPORATION 1 5.63% $7,787
Total Media Management, LLC 1 3.50% $5,051
Trinity Oaks Mortgage, LLC 1 4.75% $26,173
Atlantic Union Bank 1 3.88% $8,053
Tyndall Federal Credit Union 1 5.63% $3,556
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.25% $3,625
UNITED MORTGAGE CORP 1 5.25% $20,218
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 4.75% $13,285
HOMESPIRE MORTGAGE CORPORATION 1 4.50% $7,046
Hometown Lenders, Inc. 1 2.88% $4,376
Armed Forces Bank 1 4.75% $5,257
INTELLILOAN, INC. 1 6.00% $20,836
Ixonia Bank 1 3.75% $6,029
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.13% $12,553
KEESLER 1 4.88% $10,118
LADERA LENDING, INC. 1 2.75% $10,903
Great Plains National Bank 1 6.25% $2,524
Goldwater Bank, N.A. 1 4.63% $30,652
Lend Smart Mortgage, LLC 1 4.50% $2,099
ARC HOME LLC 1 3.25% $3,389
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.99% $11,726
First Savings Bank 1 5.25% $10,849
AmRes Corporation 1 5.25% $3,852
MDE Home Loans, LLC 1 4.75% $40,889
First Mortgage Solutions, LLC 1 3.38% $33,347
VAN DYK MORTGAGE CORPORATION 1 7.00% $14,655
FIRST MORTGAGE COMPANY, INC. 1 4.38% $15,776
First Home Bank 1 5.25% $3,383
First Guaranty Mortgage Corporation 1 2.88% $3,451
M&T Bank 1 5.25% $5,514
Ameris Bank 1 4.63% $9,869
V.I.P. MORTGAGE, INC. 1 6.25% $6,270
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.75% $8,818
NBH Bank 1 4.63% $16,984
NBKC BANK 1 5.13% $12,730
DRAPER AND KRAMER MORTGAGE CORP. 1 3.50% $4,534
DIRECT MORTGAGE, CORP. 1 6.25% $15,191
NORWICH COMMERCIAL GROUP, INC. 1 2.75% $19,183
NTFN, INC. 1 2.25% $7,878
OPEN MORTGAGE, LLC 1 6.75% $3,203
Paramount Bank 1 3.25% $5,183
Cornerstone First Mortgage, Inc 1 5.75% $8,298
PLAZA HOME MORTGAGE, INC. 1 5.63% $6,863
POLARIS HOME FUNDING CORP. 1 3.25% $30,988
PREMIA MORTGAGE, LLC 1 5.00% $4,741

The top Palm Bay VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 301 VA loans originated. Their average total fees are $9,295, which is $367 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Palm Bay VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION ($4,436), LAKEVIEW LOAN SERVICING, LLC ($4,693), Wells Fargo Bank ($6,027), ANGEL OAK HOME LOANS LLC ($6,255) and Mortgage Lenders Investment Trading Corporation ($6,459).

The lowest rate Palm Bay VA lenders (with over 10 loans originated) are CLEARPATH LENDING (3.22%), LAKEVIEW LOAN SERVICING, LLC (3.26%), PENNYMAC LOAN SERVICES, LLC (3.40%), PENTAGON FEDERAL CREDIT UNION (3.54%) and VILLAGE CAPITAL MORTGAGE (3.96%).


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 $279,450 (7.5%) $365,951 (1.9%) 1.04 2,906
2018-02-01 $279,950 (4.9%) $369,003 (1.0%) 1.02 2,960
2018-03-01 $286,333 (4.1%) $373,740 (-0.5%) 1.00 2,974
2018-04-01 $294,975 (5.4%) $381,906 (0.7%) 1.00 2,995
2018-05-01 $293,076 (4.7%) $382,452 (0.3%) 0.98 3,099
2018-06-01 $290,000 (0.4%) $381,884 (-1.3%) 0.97 3,187
2018-07-01 $291,654 (4.2%) $383,541 (0.5%) 0.97 3,217
2018-08-01 $289,450 (2.5%) $381,761 (0.1%) 0.97 3,275
2018-09-01 $280,458 (0.2%) $376,802 (0.0%) 0.94 3,379
2018-10-01 $280,128 (0.1%) $375,245 (1.2%) 0.95 3,444
2018-11-01 $279,850 (0.0%) $373,829 (1.0%) 0.95 3,618
2018-12-01 $275,000 (-1.4%) $372,331 (1.5%) 0.95 3,709
2019-01-01 $279,450 (0.0%) $371,159 (1.4%) 0.97 3,749
2019-02-01 $280,715 (0.3%) $374,352 (1.5%) 0.95 3,822
2019-03-01 $287,043 (0.3%) $379,852 (1.6%) 0.94 3,662
2019-04-01 $289,093 (-2.0%) $383,363 (0.4%) 0.92 3,436
2019-05-01 $289,150 (-1.3%) $386,537 (1.1%) 0.90 3,249
2019-06-01 $294,950 (1.7%) $389,831 (2.1%) 0.92 3,156
2019-07-01 $295,000 (1.2%) $389,082 (1.4%) 0.92 3,100
2019-08-01 $293,671 (1.5%) $392,285 (2.8%) 0.93 3,010
2019-09-01 $297,175 (6.0%) $396,229 (5.2%) 0.95 2,972
2019-10-01 $299,900 (7.1%) $398,858 (6.3%) 0.97 2,929
2019-11-01 $299,900 (7.2%) $393,470 (5.3%) 0.98 2,903
2019-12-01 $295,395 (7.4%) $393,488 (5.7%) 0.99 2,875
2020-01-01 $297,056 (6.3%) $404,977 (9.1%) 0.99 2,836
2020-02-01 $294,371 (4.9%) $402,409 (7.5%) 0.96 2,800
2020-03-01 $299,100 (4.2%) $406,709 (7.1%) 0.94 2,837
2020-04-01 $294,907 (2.0%) $397,396 (3.7%) 0.92 3,013
2020-05-01 $296,511 (2.6%) $398,457 (3.1%) 0.90 2,844
2020-06-01 $298,926 (1.4%) $405,791 (4.1%) 0.88 2,394
2020-07-01 $302,500 (2.5%) $412,085 (5.9%) 0.88 2,125
2020-08-01 $310,000 (5.6%) $417,803 (6.5%) 0.89 2,004
2020-09-01 $315,943 (6.3%) $421,636 (6.4%) 0.91 1,775
2020-10-01 $315,612 (5.2%) $422,563 (5.9%) 0.90 1,734
2020-11-01 $307,070 (2.4%) $416,452 (5.8%) 0.90 1,756
2020-12-01 $299,950 (1.5%) $409,597 (4.1%) 0.89 1,677
2021-01-01 $299,900 (1.0%) $416,782 (2.9%) 0.90 1,468
2021-02-01 $299,950 (1.9%) $424,264 (5.4%) 0.87 1,235
2021-03-01 $311,996 (4.3%) $443,071 (8.9%) 0.89 969
2021-04-01 $326,950 (10.9%) $455,747 (14.7%) 0.89 874
2021-05-01 $339,917 (14.6%) $473,249 (18.8%) 0.90 861
2021-06-01 $349,900 (17.1%) $498,739 (22.9%) 0.92 946
2021-07-01 $350,000 (15.7%) $499,714 (21.3%) 0.92 1,150
2021-08-01 $357,175 (15.2%) $490,485 (17.4%) 0.95 1,255
2021-09-01 $359,350 (13.7%) $493,697 (17.1%) 0.96 1,293
2021-10-01 $369,500 (17.1%) $510,270 (20.8%) 0.99 1,191
2021-11-01 $369,900 (20.5%) $521,744 (25.3%) 0.99 1,179
2021-12-01 $365,250 (21.8%) $509,257 (24.3%) 0.99 1,089
2022-01-01 $369,250 (23.1%) $534,763 (28.3%) 1.00 904
2022-02-01 $373,361 (24.5%) $554,890 (30.8%) 0.97 802
2022-03-01 $373,126 (19.6%) $562,284 (26.9%) 0.93 765
2022-04-01 $391,450 (19.7%) $567,574 (24.5%) 0.93 799
2022-05-01 $402,470 (18.4%) $574,065 (21.3%) 0.92 1,064
2022-06-01 $417,000 (19.2%) $569,554 (14.2%) 0.93 1,284
2022-07-01 $399,900 (14.3%) $538,750 (7.8%) 0.90 1,759
2022-08-01 $390,000 (9.2%) $524,538 (6.9%) 0.90 2,027
2022-09-01 $380,000 (5.8%) $516,482 (4.6%) 0.89 2,042
2022-10-01 $379,900 (2.8%) $513,196 (0.6%) 0.89 2,234
2022-11-01 $376,400 (1.8%) $504,857 (-3.2%) 0.90 2,380
2022-12-01 $375,000 (2.7%) $500,953 (-1.6%) 0.93 2,370
2023-01-01 $375,000 (1.6%) $501,696 (-6.2%) 0.93 2,364
2023-02-01 $374,950 (0.4%) $509,149 (-8.2%) 0.90 2,217
2023-03-01 $376,500 (0.9%) $506,208 (-10.0%) 0.89 2,146
2023-04-01 $376,000 (-4.0%) $513,479 (-9.5%) 0.87 2,041
2023-05-01 $382,815 (-4.9%) $519,302 (-9.5%) 0.87 2,050
2023-06-01 $385,950 (-7.5%) $521,684 (-8.4%) 0.87 2,101
2023-07-01 $389,000 (-2.7%) $517,903 (-3.9%) 0.88 2,138
2023-08-01 $395,000 (1.3%) $523,931 (-0.1%) 0.91 2,280
2023-09-01 $390,000 (2.6%) $520,219 (0.7%) 0.91 2,516
2023-10-01 $389,900 (2.6%) $522,630 (1.8%) 0.92 2,834
2023-11-01 $386,250 (2.6%) $516,599 (2.3%) 0.92 3,066
2023-12-01 $380,000 (1.3%) $510,454 (1.9%) 0.93 3,073
2024-01-01 $387,950 (3.5%) $515,361 (2.7%) 0.95 3,195
Palm Bay's median listing price for 2024-01-01 was $387,950, a difference of $12,950 (3.5%) versus the prior year and $7,950 versus the prior month.

Palm Bay's median listing price comes in at 95% of the national average.

Palm Bay's average listing price for 2024-01-01 was $515,361, a difference of $13,665 (2.7%) versus the prior year and $4,907 versus the prior month.

For the 2024-01-01 period, Palm Bay had 3,195 MLS listings, a difference of 122 listings (4%) versus the prior month and 831 listings (35%) 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 63 days 1,875 sqft
2018-02-01 52 days 1,870 sqft
2018-03-01 50 days 1,876 sqft
2018-04-01 51 days 1,903 sqft
2018-05-01 50 days 1,893 sqft
2018-06-01 51 days 1,898 sqft
2018-07-01 56 days 1,908 sqft
2018-08-01 57 days 1,877 sqft
2018-09-01 57 days 1,854 sqft
2018-10-01 58 days 1,850 sqft
2018-11-01 59 days 1,834 sqft
2018-12-01 63 days 1,824 sqft
2019-01-01 68 days 1,823 sqft
2019-02-01 62 days 1,828 sqft
2019-03-01 59 days 1,840 sqft
2019-04-01 60 days 1,854 sqft
2019-05-01 61 days 1,868 sqft
2019-06-01 63 days 1,885 sqft
2019-07-01 59 days 1,872 sqft
2019-08-01 60 days 1,868 sqft
2019-09-01 63 days 1,874 sqft
2019-10-01 64 days 1,877 sqft
2019-11-01 61 days 1,850 sqft
2019-12-01 67 days 1,850 sqft
2020-01-01 67 days 1,855 sqft
2020-02-01 60 days 1,841 sqft
2020-03-01 54 days 1,858 sqft
2020-04-01 58 days 1,847 sqft
2020-05-01 71 days 1,852 sqft
2020-06-01 75 days 1,841 sqft
2020-07-01 64 days 1,845 sqft
2020-08-01 61 days 1,841 sqft
2020-09-01 61 days 1,844 sqft
2020-10-01 64 days 1,847 sqft
2020-11-01 54 days 1,816 sqft
2020-12-01 54 days 1,776 sqft
2021-01-01 58 days 1,777 sqft
2021-02-01 47 days 1,799 sqft
2021-03-01 55 days 1,808 sqft
2021-04-01 53 days 1,815 sqft
2021-05-01 47 days 1,796 sqft
2021-06-01 41 days 1,775 sqft
2021-07-01 34 days 1,767 sqft
2021-08-01 35 days 1,770 sqft
2021-09-01 40 days 1,785 sqft
2021-10-01 51 days 1,806 sqft
2021-11-01 52 days 1,789 sqft
2021-12-01 59 days 1,785 sqft
2022-01-01 66 days 1,775 sqft
2022-02-01 47 days 1,796 sqft
2022-03-01 33 days 1,752 sqft
2022-04-01 30 days 1,750 sqft
2022-05-01 29 days 1,781 sqft
2022-06-01 30 days 1,795 sqft
2022-07-01 32 days 1,800 sqft
2022-08-01 38 days 1,772 sqft
2022-09-01 45 days 1,754 sqft
2022-10-01 50 days 1,764 sqft
2022-11-01 53 days 1,755 sqft
2022-12-01 59 days 1,756 sqft
2023-01-01 60 days 1,754 sqft
2023-02-01 57 days 1,749 sqft
2023-03-01 52 days 1,753 sqft
2023-04-01 50 days 1,755 sqft
2023-05-01 47 days 1,768 sqft
2023-06-01 47 days 1,767 sqft
2023-07-01 52 days 1,757 sqft
2023-08-01 48 days 1,743 sqft
2023-09-01 47 days 1,736 sqft
2023-10-01 50 days 1,755 sqft
2023-11-01 53 days 1,745 sqft
2023-12-01 60 days 1,731 sqft
2024-01-01 66 days 1,751 sqft
Palm Bay's median listing age (time on market) for 2024-01-01 was 66 days. This is 9% longer than the same period one year ago.

Palm Bay's median square footage for active listings during the 2024-01-01 period was 1,751 sqft. One year prior, the average listing was 1,754 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.