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 156 lenders originated 2,682 VA loans during 2024. The total origination value was $1,075,810,000, with an average VA loan value of $401,122.
Palm Bay VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Palm Bay
averaged
6.93%
for the week of 2025-05-23, compared to the national average (all VA variants) of
6.52% for the same period.
Palm Bay's average VA mortgage closing costs are $7,075.
The average rate for the prior week (2025-05-16) was
6.81% and
one month ago for the week of 2025-04-18, the
average rate was 6.68%.
The average rate one year ago was 6.6%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.54%.
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.
The top Palm Bay VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
434 VA loans originated. Their average total fees are
$8,068, which is $404
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 ($3,556), PULTE MORTGAGE LLC ($4,138), NVR Mortgage Finance, Inc. ($5,889), Lakeview Community Capital, LLC ($6,098) and VILLAGE CAPITAL MORTGAGE ($6,320).
The lowest rate Palm Bay VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (4.51%), DHI MORTGAGE COMPANY, LTD. (5.08%), First Heritage Mortgage, LLC (5.13%), NFM, INC. (5.36%) and First Federal Bank (5.51%).
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%) | $562,191 (26.9%) | 0.93 | 765 |
| 2022-04-01 | $390,000 (19.3%) | $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 | 1,285 |
| 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 (-3.6%) | $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 | $397,000 (3.7%) | $519,395 (0.0%) | 0.90 | 3,647 |
| 2024-06-01 | $394,900 (2.3%) | $517,032 (-0.9%) | 0.90 | 3,773 |
| 2024-07-01 | $396,510 (1.9%) | $520,771 (0.6%) | 0.91 | 3,809 |
| 2024-08-01 | $390,000 (-1.3%) | $515,105 (-1.7%) | 0.91 | 3,869 |
| 2024-09-01 | $390,000 (0.0%) | $517,868 (-0.5%) | 0.92 | 3,930 |
| 2024-10-01 | $390,480 (0.2%) | $513,326 (-1.8%) | 0.92 | 3,934 |
| 2024-11-01 | $389,000 (0.7%) | $510,135 (-1.3%) | 0.93 | 4,063 |
| 2024-12-01 | $385,000 (1.3%) | $508,004 (-0.5%) | 0.96 | 3,992 |
| 2025-01-01 | $385,000 (-0.8%) | $504,922 (-2.0%) | 0.96 | 4,057 |
| 2025-02-01 | $381,475 (-2.2%) | $499,049 (-5.1%) | 0.93 | 4,256 |
| 2025-03-01 | $385,000 (-0.9%) | $504,612 (-1.9%) | 0.91 | 4,431 |
| 2025-04-01 | $389,825 (-1.3%) | $509,599 (-1.8%) | 0.90 | 4,562 |
Palm Bay's median listing price comes in at 90% of the national average.
Palm Bay's average listing price for 2025-04-01 was $509,599, a difference of $-9,395 (-1.8%) versus the prior year and $4,987 versus the prior month.
For the 2025-04-01 period, Palm Bay had 4,562 MLS listings, a difference of 131 listings (3%) versus the prior month and 994 listings (28%) 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 | 1,764 sqft |
| 2021-08-01 | 35 days | 1,770 sqft |
| 2021-09-01 | 40 days | 1,784 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 | 1,750 sqft |
| 2023-03-01 | 52 days | 1,754 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 | 1,742 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 | 1,732 sqft |
| 2024-01-01 | 66 days | 1,751 sqft |
| 2024-02-01 | 60 days | 1,777 sqft |
| 2024-03-01 | 54 days | 1,772 sqft |
| 2024-04-01 | 52 days | 1,780 sqft |
| 2024-05-01 | 52 days | 1,762 sqft |
| 2024-06-01 | 57 days | 1,762 sqft |
| 2024-07-01 | 61 days | 1,764 sqft |
| 2024-08-01 | 65 days | 1,753 sqft |
| 2024-09-01 | 65 days | 1,751 sqft |
| 2024-10-01 | 69 days | 1,743 sqft |
| 2024-11-01 | 71 days | 1,740 sqft |
| 2024-12-01 | 75 days | 1,721 sqft |
| 2025-01-01 | 73 days | 1,714 sqft |
| 2025-02-01 | 67 days | 1,700 sqft |
| 2025-03-01 | 59 days | 1,706 sqft |
| 2025-04-01 | 61 days | 1,724 sqft |
Palm Bay's median square footage for active listings during the 2025-04-01 period was 1,724 sqft. One year prior, the average listing was 1,780 sqft.