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 162 lenders originated 2,250 VA loans during 2023. The total origination value was $865,490,000, with an average VA loan value of $384,662.

Palm Bay VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Palm Bay averaged 6.39% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

Palm Bay's average VA mortgage closing costs are $6,863.

The average rate for the prior week (2024-05-31) was 6.4% and one month ago for the week of 2024-05-03, the average rate was 6.93%.

The average rate one year ago was 6.63%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.79%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 277 6.30% $8,754
Mortgage Research Center, LLC 243 6.60% $8,405
DHI MORTGAGE COMPANY, LTD. 178 5.22% $7,061
QUICKEN LOANS, LLC 110 6.11% $12,500
DYBN FINANCIAL CORP. 90 6.21% $16,003
NAVY FEDERAL CREDIT UNION 89 5.80% $7,665
CROSSCOUNTRY MORTGAGE, LLC 72 6.46% $11,009
THE MORTGAGE FIRM, INC. 64 6.64% $9,926
LOANDEPOT.COM, LLC 62 6.11% $11,804
EAGLE HOME MORTGAGE, LLC 54 5.37% $5,311
USAA Federal Savings Bank 49 6.26% $11,238
FREEDOM MORTGAGE CORPORATION 44 6.42% $16,898
FBC MORTGAGE, LLC 41 6.14% $9,863
MOVEMENT MORTGAGE, LLC 30 6.61% $8,933
NFM, INC. 29 6.05% $11,547
Plains Commerce Bank 28 6.26% $12,846
CARDINAL FINANCIAL 27 6.49% $11,690
EMBRACE HOME LOANS, INC. 27 6.06% $17,588
NEW DAY FINANCIAL, LLC 26 7.48% $13,033
U.S. Bank 24 6.14% $9,549
Equity Prime Mortgage LLC 21 6.54% $10,720
PENNYMAC LOAN SERVICES, LLC 18 5.96% $12,502
PENTAGON FEDERAL CREDIT UNION 17 5.75% $11,309
DIRECT MORTGAGE LOANS, LLC 16 6.55% $10,547
First Heritage Mortgage, LLC 14 6.28% $21,931
The Federal Savings Bank 13 6.38% $23,302
Barrington Bank & Trust Company, N.A. 13 6.25% $9,920
Mr. Cooper ( Nationstar Mortgage ) 12 5.63% $14,311
VILLAGE CAPITAL MORTGAGE 12 6.17% $9,001
Flagstar Bank, FSB 12 6.23% $13,196
GUARANTEED RATE, INC. 11 6.30% $6,580
NBKC BANK 11 6.24% $9,549
Wells Fargo Bank 11 5.97% $11,606
PULTE MORTGAGE LLC 10 6.51% $9,047
PRIMELENDING, A PLAINSCAPITAL COMPANY 10 6.58% $8,889
JPMorgan Chase Bank 9 5.86% $10,704
HOMEBRIDGE FINANCIAL SERVICES, INC. 9 6.17% $14,156
Paramount Residential Mortgage Group, Inc. 8 6.86% $10,717
KBHS HOME LOANS, LLC 8 5.95% $12,682
COMMUNITY CREDIT UNION OF FLORIDA 8 6.06% $8,396
BAYSHORE MORTGAGE FUNDING, LLC 7 6.86% $11,111
Truist 7 5.85% $7,148
NEWREZ LLC 7 6.27% $14,903
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 7.05% $6,602
PLAZA HOME MORTGAGE, INC. 7 7.16% $11,016
EVERETT FINANCIAL, INC. 7 6.88% $10,514
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.38% $11,122
INSPIRE HOME LOANS INC. 7 5.91% $8,076
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 6.46% $9,929
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.44% $8,104
LOANPAL, LLC 6 6.00% $13,317
BROKER SOLUTIONS, INC. 6 6.08% $16,669
AMERISAVE MORTGAGE CORPORATION 6 5.69% $21,657
AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.60% $10,314
LAKEVIEW LOAN SERVICING, LLC 6 6.29% $10,058
Prosperity Home Mortgage, LLC 5 5.85% $9,533
Regions Bank 5 5.93% $12,578
T2 FINANCIAL LLC 5 6.83% $11,623
BAY EQUITY LLC 5 6.54% $8,173
Mortgage Lenders Investment Trading Corporation 5 6.70% $10,148
GUARANTEED RATE AFFINITY, LLC 4 6.41% $9,132
Mid-Continent Funding, Inc. 4 6.69% $8,370
MILEND, INC. 4 6.53% $14,874
TOWNE MORTGAGE COMPANY 4 7.06% $22,045
TJC Mortgage, Inc. 4 6.31% $11,207
Bank of England 4 6.41% $16,373
RELIANCE FIRST CAPITAL, LLC 4 6.28% $12,289
CMG MORTGAGE, INC. 4 6.09% $9,042
VAN DYK MORTGAGE CORPORATION 4 7.13% $9,819
BNC National Bank 3 5.33% $6,773
ABSOLUTE HOME MORTGAGE CORPORATION 3 7.58% $11,980
CALIBER HOME LOANS, INC. 3 6.21% $11,604
Century Mortgage Company DBA Century Lending Company 3 6.29% $13,939
City National Bank of Florida 3 6.75% $9,111
DHA FINANCIAL, LLC 3 6.54% $6,427
Gateway First Bank 3 6.54% $11,518
GENEVA FINANCIAL, LLC 3 6.79% $16,456
GSF Mortgage Corporation 3 6.46% $20,174
Ixonia Bank 3 6.46% $13,651
MICHIGAN MUTUAL, INC. 3 6.46% $8,091
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.21% $12,473
PLANET HOME LENDING, LLC 3 5.91% $8,834
SHELTER MORTGAGE COMPANY, L.L.C. 3 6.25% $9,197
Waterstone Mortgage Corporation 3 6.33% $11,453
Armed Forces Bank 2 6.44% $11,408
Ameris Bank 2 6.00% $13,884
Citizens Bank 2 6.13% $15,337
First Federal Bank 2 6.19% $14,616
SPACE COAST Credit Union 2 6.13% $5,490
United Community Bank 2 6.25% $11,592
Nations Lending Corporation 2 6.75% $17,449
AMERICAN FINANCING CORPORATION 2 6.69% $8,065
AMERICAN FINANCIAL RESOURCES, INC. 2 7.25% $7,831
US MORTGAGE CORPORATION 2 7.38% $15,591
Strong Home Mortgage, LLC 2 5.69% $23,916
SUCCESS MORTGAGE PARTNERS, INC. 2 5.94% $14,335
SUN WEST MORTGAGE COMPANY, INC. 2 5.62% $6,814
Bell Bank 2 6.00% $5,517
PREMIA MORTGAGE, LLC 2 6.13% $2,045
Bank of America 2 6.56% $8,055
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.69% $12,179
NEW FED MORTGAGE, CORP. 2 6.00% $7,734
Sierra Pacific Mortgage Company, Inc. 2 6.81% $9,254
CONTOUR MORTGAGE CORPORATION 2 5.88% $12,027
Towne Bank 2 5.69% $16,485
CHURCHILL MORTGAGE CORPORATION 1 6.75% $6,445
Centennial Bank 1 5.88% $17,303
CBM Mortgage, Inc. 1 5.75% $29,532
RAPID MORTGAGE COMPANY 1 7.63% $7,089
Carrington Mortgage Services, LLC 1 5.50% $7,794
Capital City Home Loans, LLC 1 5.25% $8,571
Renasant Bank 1 5.63% $4,242
ROSS MORTGAGE CORPORATION 1 7.00% $10,301
SeaTrust Mortgage Company 1 7.50% $6,363
Service Federal Credit Union 1 7.50% $5,013
SFMC, LP 1 6.99% $15,057
Wyndham Capital Mortgage, Inc. 1 5.25% $5,003
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.13% $11,526
South State Bank 1 6.25% $5,916
SOVEREIGN LENDING GROUP INCORPORATED 1 5.88% $26,414
STOCKTON MORTGAGE CORPORATION 1 6.25% $18,564
The Central Trust Bank 1 4.88% $15,100
The Loan Store, Inc. 1 5.38% $19,199
AXIA FINANCIAL, LLC 1 6.75% $5,040
THRIVE MORTGAGE, LLC 1 7.13% $20,683
Arvest Bank 1 6.50% $2,384
Tyndall Federal Credit Union 1 6.75% $5,450
UNION HOME MORTGAGE CORP. 1 7.25% $6,542
Union Savings Bank 1 6.38% $6,057
American Security Mortgage Corp. 1 6.25% $17,289
Valley National Bank 1 7.13% $4,057
Alcova Mortgage LLC 1 6.13% $5,566
Vellum Mortgage, Inc. 1 7.63% $13,698
VERITAS FUNDING, LLC 1 6.50% $14,486
AIR ACADEMY 1 5.50% $5,576
V.I.P. MORTGAGE, INC. 1 6.99% $18,150
ZILLOW HOME LOANS, LLC 1 6.13% $15,846
MORTGAGE EQUITY PARTNERS LLC 1 5.63% $6,533
MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 6.25% $650
MID AMERICA MORTGAGE, INC. 1 6.13% $8,306
Magnolia Bank 1 6.50% $14,883
METROPLEX MORTGAGE SERVICES, INC. 1 7.25% $11,256
Lakeview Community Capital, LLC 1 7.25% $7,926
WATSON MORTGAGE CORP. 1 5.88% $10,474
NATIONS DIRECT MORTGAGE, LLC 1 7.50% $4,397
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.38% $12,382
HOMESTAR FINANCIAL CORPORATION 1 7.50% $5,679
HOMESIDE FINANCIAL, LLC 1 7.75% $1,122
HomePromise Corporation 1 6.25% $14,641
GREENTREE MORTGAGE COMPANY, L.P. 1 6.88% $6,900
GoPrime Mortgage, Inc. 1 5.50% $16,626
NORTHPOINT MORTGAGE, INC. 1 5.75% $3,071
Northwest Federal Credit Union 1 6.25% $5,753
OCMBC, INC. 1 7.63% $6,171
FIRST HOME MORTGAGE CORPORATION 1 5.75% $5,490
PHH Mortgage Corporation 1 6.50% $7,646
FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $7,965
ACOPIA, LLC 1 5.75% $5,579
CORNERSTONE HOME LENDING, INC. 1 6.25% $12,136
PNC Bank 1 6.38% $105
Presidential Bank, FSB 1 6.63% $17,367
Preston Home Loans Inc 1 6.63% $14,553

The top Palm Bay VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 277 VA loans originated. Their average total fees are $8,754, which is $349 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Palm Bay VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($5,311), GUARANTEED RATE, INC. ($6,580), DHI MORTGAGE COMPANY, LTD. ($7,061), NAVY FEDERAL CREDIT UNION ($7,665) and Mortgage Research Center, LLC ($8,405).

The lowest rate Palm Bay VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.22%), EAGLE HOME MORTGAGE, LLC (5.37%), Mr. Cooper ( Nationstar Mortgage ) (5.63%), PENTAGON FEDERAL CREDIT UNION (5.75%) and NAVY FEDERAL CREDIT UNION (5.80%).


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
2024-02-01 $389,950 (4.0%) $525,634 (3.2%) 0.94 3,252
2024-03-01 $388,283 (3.1%) $514,169 (1.6%) 0.91 3,409
2024-04-01 $395,000 (5.1%) $518,994 (1.1%) 0.92 3,568
2024-05-01 $399,000 (4.2%) $522,683 (0.7%) 0.90 3,647
Palm Bay's median listing price for 2024-05-01 was $399,000, a difference of $16,185 (4.2%) versus the prior year and $4,000 versus the prior month.

Palm Bay's median listing price comes in at 90% of the national average.

Palm Bay's average listing price for 2024-05-01 was $522,683, a difference of $3,381 (0.7%) versus the prior year and $3,689 versus the prior month.

For the 2024-05-01 period, Palm Bay had 3,647 MLS listings, a difference of 79 listings (2%) versus the prior month and 1,597 listings (78%) 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
2024-02-01 60 days 1,777 sqft
2024-03-01 54 days 1,773 sqft
2024-04-01 52 days 1,784 sqft
2024-05-01 50 days 1,771 sqft
Palm Bay's median listing age (time on market) for 2024-05-01 was 50 days. This is 6% longer than the same period one year ago.

Palm Bay's median square footage for active listings during the 2024-05-01 period was 1,771 sqft. One year prior, the average listing was 1,768 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.