Palm Bay VA Loan Rates, Closing Costs & Stats

PALM BAY-MELBOURNE-TITUSVILLE, FL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 5.98% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.02% and one month ago for the week of 2024-11-08, the average rate was 6.21%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.78%.

    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
    2024-06-01 $395,000 (2.3%) $520,360 (-0.3%) 0.89 3,771
    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
    Palm Bay's median listing price for 2024-11-01 was $389,000, a difference of $2,750 (0.7%) versus the prior year and $-1,480 versus the prior month.

    Palm Bay's median listing price comes in at 93% of the national average.

    Palm Bay's average listing price for 2024-11-01 was $510,135, a difference of $-6,464 (-1.3%) versus the prior year and $-3,191 versus the prior month.

    For the 2024-11-01 period, Palm Bay had 4,063 MLS listings, a difference of 129 listings (3%) versus the prior month and 997 listings (33%) 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
    2024-06-01 53 days 1,770 sqft
    2024-07-01 61 days 1,766 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
    Palm Bay's median listing age (time on market) for 2024-11-01 was 71 days. This is 35% longer than the same period one year ago.

    Palm Bay's median square footage for active listings during the 2024-11-01 period was 1,740 sqft. One year prior, the average listing was 1,745 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.