Panama City VA Loans

PANAMA CITY, FL

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    • 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.

    Panama City's 171 lenders originated 2,392 VA loans during 2021. The total origination value was $676,320,000, with an average VA loan value of $282,742.

    Panama City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Panama City averaged 5.44% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

    The average rate for the prior week (2022-05-06) was 5.57% and one month ago for the week of 2022-04-08, the average rate was 5.29%.

    The average rate one year ago was 3.01%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.35%.

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

    Panama City 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 Panama City level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 202 2.83% $7,838
    DHI MORTGAGE COMPANY, LTD. 182 2.72% $9,720
    QUICKEN LOANS, LLC 155 2.51% $5,687
    FREEDOM MORTGAGE CORPORATION 137 2.48% $2,933
    CALIBER HOME LOANS, INC. 95 2.66% $6,665
    NAVY FEDERAL CREDIT UNION 91 2.47% $6,537
    Trustmark National Bank 82 2.52% $6,844
    PENNYMAC LOAN SERVICES, LLC 82 2.41% $5,971
    BROKER SOLUTIONS, INC. 72 2.83% $9,162
    USAA Federal Savings Bank 66 2.87% $7,474
    UNITED WHOLESALE MORTGAGE, LLC 66 2.58% $5,442
    LOANDEPOT.COM, LLC 62 2.72% $8,318
    Tyndall Federal Credit Union 59 2.54% $5,603
    NEW DAY FINANCIAL, LLC 39 2.81% $7,508
    Centennial Bank 35 2.60% $7,997
    LAKEVIEW LOAN SERVICING, LLC 35 2.44% $2,512
    Mr. Cooper ( Nationstar Mortgage ) 33 2.84% $3,081
    HOME POINT FINANCIAL CORPORATION 30 2.40% $4,084
    CLEARPATH LENDING 27 2.32% $4,705
    Wells Fargo Bank 26 2.58% $5,149
    PENTAGON FEDERAL CREDIT UNION 20 2.34% $2,512
    HANCOCK MORTGAGE PARTNERS, LLC 19 3.21% $10,588
    Carrington Mortgage Services, LLC 18 2.83% $5,378
    VILLAGE CAPITAL & INVESTMENT LLC 16 2.40% $3,169
    NEWREZ LLC 13 2.65% $4,820
    First Federal Bank 13 3.90% $7,634
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 2.72% $10,183
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 2.71% $7,376
    The Federal Savings Bank 12 2.85% $9,366
    Bank of England 11 2.88% $11,843
    CROSSCOUNTRY MORTGAGE, LLC 11 3.13% $7,168
    GMFS LLC 10 2.43% $6,946
    Regions Bank 10 2.76% $6,857
    EVERETT FINANCIAL, INC. 10 2.94% $8,660
    United Fidelity Funding Corp. 10 2.84% $15,206
    Waterstone Mortgage Corporation 10 2.76% $9,923
    HOMEBRIDGE FINANCIAL SERVICES, INC. 10 2.58% $7,553
    InterContinental Capital Group, Inc 9 2.38% $4,196
    AMERICAN FINANCIAL NETWORK, INC. 9 2.43% $9,589
    SUCCESS MORTGAGE PARTNERS, INC. 9 3.30% $5,415
    Renasant Bank 9 2.79% $7,943
    NBKC BANK 9 2.53% $5,751
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 2.84% $5,926
    Barrington Bank & Trust Company, N.A. 8 2.86% $7,833
    Republic State Mortgage Co. 8 2.83% $5,991
    Low VA Rates, LLC 8 2.41% $3,956
    SmartBank 8 2.83% $9,345
    UNIVERSITY LENDING GROUP, LLC 8 2.94% $6,208
    LOANPAL, LLC 7 2.39% $8,301
    First Guaranty Mortgage Corporation 7 2.54% $4,458
    GUARANTEED RATE AFFINITY, LLC 7 2.43% $8,252
    FBC MORTGAGE, LLC 6 3.08% $8,085
    PLANET HOME LENDING, LLC 6 2.46% $3,070
    Lakeview Community Capital, LLC 6 2.48% $3,155
    GUARANTEED RATE, INC. 6 2.67% $9,932
    Mid-Continent Funding, Inc. 6 2.56% $7,591
    Equity Prime Mortgage LLC 5 3.45% $2,545
    Truist Bank 5 2.68% $6,320
    AMERISAVE MORTGAGE CORPORATION 5 2.83% $4,094
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 2.95% $11,634
    CELEBRITY HOME LOANS, LLC 5 2.85% $3,127
    Hancock Whitney Bank 5 2.53% $9,749
    North American Savings Bank, F.S.B. 5 2.35% $1,425
    HOMESTAR FINANCIAL CORPORATION 5 2.70% $2,499
    INLANTA MORTGAGE, INC. 5 3.23% $6,981
    MOVEMENT MORTGAGE, LLC 5 3.23% $6,371
    SUN WEST MORTGAGE COMPANY, INC. 5 2.45% $2,300
    NP, Inc. 4 2.47% $5,050
    MUTUAL OF OMAHA MORTGAGE, INC. 4 2.63% $4,196
    CBM Mortgage, Inc. 4 2.91% $8,618
    U.S. Bank 4 2.66% $10,144
    CMG MORTGAGE, INC. 4 2.38% $9,398
    PLAZA HOME MORTGAGE, INC. 4 3.09% $5,371
    CERTAINTY HOME LOANS, LLC 4 2.72% $7,236
    Nations Lending Corporation 3 2.92% $8,210
    BNC National Bank 3 2.63% $2,067
    CityWorth Mortgage LLC 3 2.75% $4,451
    Hometown Lenders, Inc. 3 2.95% $7,464
    KELLER MORTGAGE, LLC 3 3.04% $4,217
    SOUTHWEST STAGE FUNDING, LLC 3 3.33% $2,790
    Paramount Residential Mortgage Group, Inc. 3 3.83% $7,236
    Magnolia Bank 3 2.46% $6,849
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.58% $10,404
    Paramount Bank 3 3.21% $7,384
    Wyndham Capital Mortgage, Inc. 3 2.29% $2,896
    NBH Bank 2 2.38% $3,192
    AMERICAN FINANCING CORPORATION 2 2.50% $3,795
    TJC Mortgage, Inc. 2 2.13% $3,993
    Sunflower Bank 2 2.81% $3,056
    ACCELERATE MORTGAGE, LLC 2 2.37% $5,417
    Strong Home Mortgage, LLC 2 2.75% $1,631
    THRIVE MORTGAGE, LLC 2 2.88% $15,499
    THE MORTGAGE FIRM, INC. 2 2.94% $3,207
    Progress Bank and Trust 2 3.00% $2,911
    Flagstar Bank, FSB 2 2.60% $4,097
    MCLEAN MORTGAGE CORPORATION 2 2.63% $5,612
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 2.31% $4,095
    STEARNS LENDING, LLC 2 2.75% $4,287
    FIRST COMMUNITY MORTGAGE, INC. 2 2.56% $11,033
    MORTGAGE ONE OF THE SOUTH, INC. 2 2.25% $4,299
    DAS Acquisition Company, LLC 2 3.06% $5,942
    AmeriHome Mortgage Company, LLC 2 2.75% $2,306
    Armed Forces Bank 2 2.75% $8,047
    Presidential Bank, FSB 2 2.31% $7,430
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.63% $1,138
    Northpointe Bank 2 2.88% $13,556
    Prime Choice Funding Inc. 2 2.56% $8,742
    Ameris Bank 2 2.69% $9,765
    UNION HOME MORTGAGE CORP. 2 2.75% $12,438
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 2.63% $3,457
    ZILLOW HOME LOANS, LLC 1 2.88% $1,950
    1ST SIGNATURE LENDING, LLC 1 3.13% $9,178
    ACADEMY MORTGAGE CORPORATION 1 3.50% $15,491
    AMERICAN FINANCIAL RESOURCES, INC. 1 2.50% $6,056
    AMERICAN HOME LENDING USA, LLC 1 2.25% $4,835
    AMERIFIRST FINANCIAL CORPORATION 1 2.63% $8,068
    AmRes Corporation 1 3.00% $6,162
    ASPIRE FINANCIAL, INC. 1 2.25% $2,414
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 2.50% $10,432
    BAY CAPITAL MORTGAGE CORPORATION 1 2.25% $480
    BAY EQUITY LLC 1 2.63% $5,535
    BBVA USA 1 3.25% $10,883
    CALCON MUTUAL MORTGAGE LLC 1 4.13% $1,356
    Capital Bank 1 2.38% $3,812
    Carrollton Bank 1 2.63% $6,231
    CHURCHILL MORTGAGE CORPORATION 1 2.38% $4,734
    Community Bank of Mississippi 1 3.63% $203
    Community First National Bank 1 2.75% $6,165
    CONTOUR MORTGAGE CORPORATION 1 2.25% $3,419
    CRESCENT MORTGAGE COMPANY 1 2.50% $19,976
    DEVELOPER'S MORTGAGE COMPANY 1 2.75% $8,517
    EMBRACE HOME LOANS, INC. 1 2.50% $10,281
    EMM LOANS LLC 1 2.25% $2,930
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 2.38% $7,718
    FBT Mortgage, L.L.C. 1 2.88% $6,119
    FINANCE OF AMERICA MORTGAGE LLC 1 2.75% $4,098
    First Heritage Mortgage, LLC 1 2.25% $2,263
    First Horizon Bank 1 2.38% $12,175
    First Internet Bank of Indiana 1 2.38% $3,791
    First Mortgage Solutions, LLC 1 2.25% $2,137
    First Savings Bank 1 2.63% $7,028
    FOUNDATION MORTGAGE CORPORATION 1 2.75% $11,008
    Genesee Regional Bank 1 3.13% $12,614
    GUILD MORTGAGE COMPANY 1 2.38% $6,641
    Gulf Coast Bank and Trust Company 1 2.88% $14,719
    Hamilton Mortgage Corporation 1 2.25% $4,502
    HOMESIDE FINANCIAL, LLC 1 2.25% $10,248
    INTERCOASTAL MORTGAGE COMPANY 1 2.75% $4,179
    KEESLER 1 3.75% $3,932
    KS StateBank 1 2.50% $20,774
    Manufacturers and Traders Trust Company 1 2.38% $6,531
    MID AMERICA MORTGAGE, INC. 1 3.75% $13,110
    MORTGAGEONE, INC. 1 2.50% $18,499
    OCMBC, INC. 1 3.00% $13,428
    OPEN MORTGAGE, LLC 1 3.00% $2,156
    PHH Mortgage Corporation 1 2.88% $8,890
    Plains Commerce Bank 1 2.75% $10,975
    PNC Bank 1 2.75% $3,471
    Residential Mortgage Solutions, Inc. 1 2.63% $13,265
    RESOURCE FINANCIAL SERVICES, INC. 1 2.25% $2,443
    ROYAL UNITED MORTGAGE LLC 1 2.63% $24,329
    SHELTER HOME MORTGAGE, LLC 1 3.25% $7,548
    Sierra Pacific Mortgage Company, Inc. 1 2.75% $5,812
    South State Bank 1 2.25% $4,382
    T2 FINANCIAL LLC 1 3.25% $1,814
    TCF National Bank 1 2.25% $26,105
    The Central Trust Bank 1 2.25% $3,997
    TIDEWATER MORTGAGE SERVICES, INC. 1 2.75% $6,807
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 4.25% $2,683
    VAN DYK MORTGAGE CORPORATION 1 3.25% $7,280
    1ST FINANCIAL, INC. 1 3.00% $2,916

    The top Panama City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 202 VA loans originated. Their average total fees are $7,838, which is $1,882 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Panama City VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,512), PENTAGON FEDERAL CREDIT UNION ($2,512), FREEDOM MORTGAGE CORPORATION ($2,933), Mr. Cooper ( Nationstar Mortgage ) ($3,081) and VILLAGE CAPITAL & INVESTMENT LLC ($3,169).

    The lowest rate Panama City VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.32%), PENTAGON FEDERAL CREDIT UNION (2.34%), VILLAGE CAPITAL & INVESTMENT LLC (2.40%), HOME POINT FINANCIAL CORPORATION (2.40%) and PENNYMAC LOAN SERVICES, LLC (2.41%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Panama City (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 $284,500 (6.0%) $381,130 (6.0%) 1.05 2,004
    2018-02-01 $283,000 (5.2%) $379,509 (5.6%) 1.02 2,036
    2018-03-01 $289,000 (7.1%) $383,020 (4.2%) 1.00 2,082
    2018-04-01 $295,000 (5.7%) $384,941 (1.8%) 0.99 2,151
    2018-05-01 $297,000 (4.2%) $386,402 (0.7%) 0.99 2,218
    2018-06-01 $299,000 (3.5%) $393,411 (0.6%) 1.00 2,150
    2018-07-01 $299,900 (3.8%) $398,588 (1.3%) 1.00 2,136
    2018-08-01 $299,900 (5.2%) $397,653 (0.7%) 1.00 2,203
    2018-09-01 $299,900 (3.8%) $392,646 (-0.6%) 1.00 2,268
    2018-10-01 $299,900 (5.5%) $398,324 (2.9%) 1.00 2,166
    2018-11-01 $302,450 (4.7%) $406,640 (7.0%) 1.01 1,864
    2018-12-01 $318,900 (10.0%) $410,685 (6.2%) 1.09 1,987
    2019-01-01 $321,450 (13.0%) $411,030 (7.8%) 1.11 1,936
    2019-02-01 $326,150 (15.3%) $422,661 (11.4%) 1.09 2,021
    2019-03-01 $333,436 (15.4%) $432,102 (12.8%) 1.09 2,040
    2019-04-01 $339,350 (15.0%) $441,285 (14.6%) 1.07 2,029
    2019-05-01 $338,250 (13.9%) $445,056 (15.2%) 1.04 2,092
    2019-06-01 $341,700 (14.3%) $434,346 (10.4%) 1.05 2,074
    2019-07-01 $342,800 (14.3%) $437,450 (9.8%) 1.07 2,089
    2019-08-01 $337,314 (12.5%) $428,277 (7.7%) 1.06 2,178
    2019-09-01 $329,950 (10.0%) $415,442 (5.8%) 1.05 2,317
    2019-10-01 $325,000 (8.4%) $411,192 (3.2%) 1.04 2,394
    2019-11-01 $325,000 (7.5%) $402,719 (-1.0%) 1.05 2,407
    2019-12-01 $318,000 (-0.3%) $396,386 (-3.5%) 1.06 2,463
    2020-01-01 $314,950 (-2.0%) $407,918 (-0.8%) 1.05 2,375
    2020-02-01 $315,000 (-3.4%) $405,026 (-4.2%) 1.02 2,440
    2020-03-01 $320,950 (-3.7%) $417,016 (-3.5%) 1.00 2,579
    2020-04-01 $319,000 (-6.0%) $413,894 (-6.2%) 0.99 2,822
    2020-05-01 $325,000 (-3.9%) $416,783 (-6.4%) 0.98 2,745
    2020-06-01 $332,175 (-2.8%) $421,660 (-2.9%) 0.97 2,439
    2020-07-01 $329,950 (-3.8%) $426,981 (-2.4%) 0.95 2,241
    2020-08-01 $334,181 (-0.9%) $428,876 (0.1%) 0.95 2,077
    2020-09-01 $339,000 (2.7%) $443,086 (6.7%) 0.97 1,847
    2020-10-01 $335,400 (3.2%) $450,002 (9.4%) 0.96 1,757
    2020-11-01 $329,450 (1.4%) $472,937 (17.4%) 0.94 1,685
    2020-12-01 $315,000 (-0.9%) $467,984 (18.1%) 0.92 1,726
    2021-01-01 $305,000 (-3.2%) $447,614 (9.7%) 0.90 1,699
    2021-02-01 $302,000 (-4.1%) $468,592 (15.7%) 0.87 1,199
    2021-03-01 $318,650 (-0.7%) $494,372 (18.6%) 0.89 961
    2021-04-01 $336,353 (5.4%) $554,692 (34.0%) 0.90 817
    2021-05-01 $350,944 (8.0%) $590,583 (41.7%) 0.92 784
    2021-06-01 $377,450 (13.6%) $596,671 (41.5%) 0.98 799
    2021-07-01 $399,250 (21.0%) $590,966 (38.4%) 1.04 956
    2021-08-01 $419,500 (25.5%) $601,005 (40.1%) 1.10 1,231
    2021-09-01 $426,000 (25.7%) $603,967 (36.3%) 1.12 1,294
    2021-10-01 $425,000 (26.7%) $601,146 (33.6%) 1.12 1,232
    2021-11-01 $409,700 (24.4%) $596,827 (26.2%) 1.08 1,096
    2021-12-01 $399,000 (26.7%) $613,793 (31.2%) 1.06 1,001
    2022-01-01 $399,995 (31.2%) $653,947 (46.1%) 1.07 853
    2022-02-01 $422,000 (39.7%) $684,667 (46.1%) 1.08 703
    2022-03-01 $447,450 (40.4%) $742,757 (50.2%) 1.11 753
    2022-04-01 $495,000 (47.2%) $793,607 (43.1%) 1.16 981
    Panama City's median listing price for 2022-04-01 was $495,000, a difference of $158,647 (47.2%) versus the prior year and $47,550 versus the prior month.

    Panama City's median listing price comes in at 116% of the national average.

    Panama City's average listing price for 2022-04-01 was $793,607, a difference of $238,915 (43.1%) versus the prior year and $50,850 versus the prior month.

    For the 2022-04-01 period, Panama City had 981 MLS listings, a difference of 228 listings (30%) versus the prior month and 164 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Panama City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 101 days 1,622 sqft
    2018-02-01 93 days 1,639 sqft
    2018-03-01 72 days 1,656 sqft
    2018-04-01 70 days 1,650 sqft
    2018-05-01 67 days 1,647 sqft
    2018-06-01 74 days 1,656 sqft
    2018-07-01 78 days 1,667 sqft
    2018-08-01 81 days 1,644 sqft
    2018-09-01 80 days 1,620 sqft
    2018-10-01 93 days 1,612 sqft
    2018-11-01 109 days 1,604 sqft
    2018-12-01 107 days 1,542 sqft
    2019-01-01 106 days 1,532 sqft
    2019-02-01 82 days 1,506 sqft
    2019-03-01 88 days 1,504 sqft
    2019-04-01 82 days 1,500 sqft
    2019-05-01 78 days 1,506 sqft
    2019-06-01 73 days 1,525 sqft
    2019-07-01 76 days 1,541 sqft
    2019-08-01 76 days 1,524 sqft
    2019-09-01 74 days 1,503 sqft
    2019-10-01 74 days 1,506 sqft
    2019-11-01 80 days 1,506 sqft
    2019-12-01 91 days 1,508 sqft
    2020-01-01 95 days 1,515 sqft
    2020-02-01 91 days 1,508 sqft
    2020-03-01 69 days 1,529 sqft
    2020-04-01 72 days 1,512 sqft
    2020-05-01 84 days 1,506 sqft
    2020-06-01 100 days 1,522 sqft
    2020-07-01 100 days 1,542 sqft
    2020-08-01 86 days 1,542 sqft
    2020-09-01 85 days 1,523 sqft
    2020-10-01 76 days 1,542 sqft
    2020-11-01 68 days 1,575 sqft
    2020-12-01 60 days 1,632 sqft
    2021-01-01 66 days 1,603 sqft
    2021-02-01 69 days 1,583 sqft
    2021-03-01 52 days 1,627 sqft
    2021-04-01 46 days 1,646 sqft
    2021-05-01 31 days 1,654 sqft
    2021-06-01 36 days 1,600 sqft
    2021-07-01 32 days 1,555 sqft
    2021-08-01 36 days 1,567 sqft
    2021-09-01 44 days 1,589 sqft
    2021-10-01 53 days 1,594 sqft
    2021-11-01 57 days 1,638 sqft
    2021-12-01 57 days 1,646 sqft
    2022-01-01 58 days 1,688 sqft
    2022-02-01 41 days 1,695 sqft
    2022-03-01 33 days 1,672 sqft
    2022-04-01 32 days 1,600 sqft
    Panama City's median listing age (time on market) for 2022-04-01 was 32 days. This is -30% shorter than the same period one year ago.

    Panama City's median square footage for active listings during the 2022-04-01 period was 1,600 sqft. One year prior, the average listing was 1,646 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.