Panama City VA Loan Rates, Closing Costs & Stats
PANAMA CITY, 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.
Panama City's 115 lenders originated 1,145 VA
loans during 2024. The total origination value was $399,735,000, with an average VA loan value of
$349,114.
Panama City VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Panama City
averaged
0.27%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Panama City's average VA mortgage closing costs are $7,492.
The average rate for the prior week (2025-06-13) was
6.62% and
one month ago for the week of 2025-05-16, the
average rate was 6.58%.
The average rate one year ago was 6.78%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.3%.
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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Panama City level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
DHI MORTGAGE COMPANY, LTD.
|
263
|
5.09%
|
$8,664
|
UNITED WHOLESALE MORTGAGE, LLC
|
125
|
5.96%
|
$8,078
|
Mortgage Research Center, LLC
|
109
|
6.34%
|
$7,220
|
QUICKEN LOANS, LLC
|
59
|
5.97%
|
$11,029
|
NAVY FEDERAL CREDIT UNION
|
39
|
5.84%
|
$6,014
|
FREEDOM MORTGAGE CORPORATION
|
32
|
6.28%
|
$10,832
|
FBC MORTGAGE, LLC
|
24
|
5.74%
|
$8,061
|
USAA Federal Savings Bank
|
22
|
6.03%
|
$10,933
|
CROSSCOUNTRY MORTGAGE, LLC
|
20
|
6.10%
|
$8,666
|
Centennial Bank
|
18
|
6.22%
|
$10,314
|
Trustmark National Bank
|
17
|
6.46%
|
$8,482
|
Tyndall Federal Credit Union
|
16
|
6.14%
|
$8,688
|
Wells Fargo Bank
|
15
|
6.03%
|
$10,722
|
CARDINAL FINANCIAL
|
15
|
6.47%
|
$12,783
|
BROKER SOLUTIONS, INC.
|
14
|
6.41%
|
$10,548
|
NEWREZ LLC
|
14
|
6.19%
|
$9,290
|
American Mortgage Bank, LLC
|
14
|
5.88%
|
$10,785
|
PENNYMAC LOAN SERVICES, LLC
|
13
|
5.56%
|
$9,529
|
VILLAGE CAPITAL MORTGAGE
|
13
|
5.84%
|
$6,547
|
LOANDEPOT.COM, LLC
|
11
|
5.70%
|
$9,157
|
CMG MORTGAGE, INC.
|
11
|
6.22%
|
$9,685
|
Equity Prime Mortgage LLC
|
10
|
6.45%
|
$8,409
|
First Federal Bank
|
7
|
6.16%
|
$8,419
|
GUARANTEED RATE AFFINITY, LLC
|
7
|
6.40%
|
$10,986
|
Northpointe Bank
|
7
|
6.11%
|
$9,537
|
ENVOY MORTGAGE, LTD
|
6
|
6.33%
|
$10,627
|
GUARANTEED RATE, INC.
|
6
|
6.06%
|
$7,385
|
LAKEVIEW LOAN SERVICING, LLC
|
6
|
5.92%
|
$8,642
|
NBKC BANK
|
6
|
6.04%
|
$5,316
|
NEW DAY FINANCIAL, LLC
|
6
|
7.18%
|
$11,734
|
Magnolia Bank
|
5
|
6.15%
|
$18,117
|
MOVEMENT MORTGAGE, LLC
|
5
|
6.45%
|
$12,333
|
Mr. Cooper ( Nationstar Mortgage )
|
5
|
6.58%
|
$9,561
|
Flagstar Bank, FSB
|
5
|
6.50%
|
$11,418
|
T2 FINANCIAL LLC
|
5
|
6.48%
|
$12,234
|
VICTORY MORTGAGE, L.L.C.
|
5
|
5.75%
|
$19,625
|
Prosperity Home Mortgage, LLC
|
4
|
6.28%
|
$9,583
|
Ameris Bank
|
4
|
6.13%
|
$8,444
|
SWBC MORTGAGE CORPORATION
|
4
|
5.84%
|
$12,754
|
GUILD MORTGAGE COMPANY
|
4
|
6.28%
|
$9,004
|
The Federal Savings Bank
|
4
|
6.41%
|
$15,812
|
NFM, INC.
|
4
|
6.81%
|
$14,820
|
THE MORTGAGE FIRM, INC.
|
4
|
7.00%
|
$6,751
|
PLANET HOME LENDING, LLC
|
4
|
6.19%
|
$7,904
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
4
|
6.47%
|
$10,978
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
3
|
6.17%
|
$4,011
|
PENTAGON FEDERAL CREDIT UNION
|
3
|
6.21%
|
$10,020
|
PLAZA HOME MORTGAGE, INC.
|
3
|
5.83%
|
$17,715
|
Lakeview Community Capital, LLC
|
3
|
5.75%
|
$8,376
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
3
|
6.25%
|
$8,153
|
SeaTrust Mortgage Company
|
3
|
5.88%
|
$13,681
|
Paramount Residential Mortgage Group, Inc.
|
3
|
6.04%
|
$11,068
|
MORTGAGE INVESTORS GROUP, INC.
|
3
|
6.42%
|
$8,534
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
3
|
6.33%
|
$15,645
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
2
|
6.75%
|
$4,588
|
Bank of England
|
2
|
6.00%
|
$17,513
|
Armed Forces Bank
|
2
|
6.00%
|
$6,878
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
2
|
6.38%
|
$7,787
|
University Bank
|
2
|
5.38%
|
$11,584
|
CANOPY MORTGAGE, LLC
|
2
|
6.31%
|
$8,543
|
Mid-Continent Funding, Inc.
|
2
|
6.25%
|
$5,457
|
VANDERBILT MORTGAGE AND FINANCE, INC.
|
2
|
5.94%
|
$5,277
|
AMERICAN FINANCIAL NETWORK, INC.
|
2
|
6.44%
|
$16,795
|
SmartBank
|
1
|
6.25%
|
$14,264
|
South State Bank
|
1
|
6.25%
|
$4,690
|
STOCKTON MORTGAGE CORPORATION
|
1
|
7.00%
|
$4,655
|
SUCCESS MORTGAGE PARTNERS, INC.
|
1
|
6.13%
|
$19,487
|
Sunflower Bank
|
1
|
5.63%
|
$24,149
|
Texana Bank
|
1
|
6.75%
|
$11,241
|
The Central Trust Bank
|
1
|
6.63%
|
$6,029
|
The Huntington National Bank
|
1
|
6.50%
|
$1,487
|
The Loan Store, Inc.
|
1
|
6.63%
|
$8,549
|
Truist
|
1
|
6.10%
|
$2,307
|
Arvest Bank
|
1
|
6.75%
|
$2,688
|
UNION HOME MORTGAGE CORP.
|
1
|
6.25%
|
$7,769
|
UNIVERSAL MORTGAGE & FINANCE, INC.
|
1
|
5.88%
|
$19,028
|
AmRes Corporation
|
1
|
5.75%
|
$15,606
|
U.S. Bank
|
1
|
5.50%
|
$2,185
|
VERITAS FUNDING, LLC
|
1
|
7.13%
|
$38,509
|
DELMAR FINANCIAL COMPANY
|
1
|
7.13%
|
$8,836
|
EMM LOANS LLC
|
1
|
6.75%
|
$9,494
|
EVERETT FINANCIAL, INC.
|
1
|
3.13%
|
$3,068
|
DAS Acquisition Company, LLC
|
1
|
6.75%
|
$13,844
|
Credence Funding Corporation
|
1
|
5.75%
|
$6,074
|
Fifth Third Bank
|
1
|
6.00%
|
$2,646
|
Community Bank of Mississippi
|
1
|
6.75%
|
$5,460
|
CLEARPATH LENDING
|
1
|
6.63%
|
$12,331
|
GARDNER FINANCIAL SERVICES, LTD.
|
1
|
7.25%
|
$10,376
|
GMFS LLC
|
1
|
6.13%
|
$11,935
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
1
|
5.63%
|
$16,750
|
Goldwater Bank, N.A.
|
1
|
7.88%
|
$3,342
|
GoPrime Mortgage, Inc.
|
1
|
5.75%
|
$3,193
|
Century Mortgage Company DBA Century Lending Company
|
1
|
6.75%
|
$7,590
|
HOMESIDE FINANCIAL, LLC
|
1
|
6.99%
|
$25,176
|
INB
|
1
|
6.75%
|
$4,198
|
Ixonia Bank
|
1
|
5.75%
|
$7,188
|
MORIA DEVELOPMENT, INC.
|
1
|
5.88%
|
$9,873
|
MORTGAGEONE, INC.
|
1
|
6.50%
|
$24,953
|
MORTGAGE ONE OF THE SOUTH, INC.
|
1
|
5.88%
|
$3,636
|
BETTER MORTGAGE CORPORATION
|
1
|
6.38%
|
$21,443
|
Nations Lending Corporation
|
1
|
6.25%
|
$11,402
|
NATIONS RELIABLE LENDING, LLC
|
1
|
5.63%
|
$9,770
|
NATIONWIDE MORTGAGE BANKERS, INC.
|
1
|
6.75%
|
$21,081
|
Barrington Bank & Trust Company, N.A.
|
1
|
6.75%
|
$1,648
|
Waterstone Mortgage Corporation
|
1
|
6.63%
|
$11,264
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
1
|
6.50%
|
$6,647
|
BankPlus
|
1
|
6.25%
|
$8,685
|
NOVA FINANCIAL & INVESTMENT CORPORATION
|
1
|
5.99%
|
$32,403
|
Old National Bank
|
1
|
6.00%
|
$10,844
|
Atlantic Coast Mortgage, LLC
|
1
|
6.75%
|
$11,219
|
PHH Mortgage Corporation
|
1
|
5.49%
|
$4,114
|
Plains Commerce Bank
|
1
|
6.75%
|
$7,583
|
ATLANTIC BAY MORTGAGE GROUP, L.L.C.
|
1
|
6.25%
|
$5,032
|
Regions Bank
|
1
|
6.00%
|
$18,197
|
Residential Mortgage Solutions, Inc.
|
1
|
6.25%
|
$5,971
|
The top Panama City VA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with
263 VA loans originated. Their average total fees are
$8,664, which is $586
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Panama City VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($6,014), VILLAGE CAPITAL MORTGAGE ($6,547), Mortgage Research Center, LLC ($7,220), FBC MORTGAGE, LLC ($8,061) and UNITED WHOLESALE MORTGAGE, LLC ($8,078).
The lowest rate Panama City VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.09%), PENNYMAC LOAN SERVICES, LLC (5.56%), LOANDEPOT.COM, LLC (5.70%), FBC MORTGAGE, LLC (5.74%) and VILLAGE CAPITAL MORTGAGE (5.84%).
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.