Pensacola VA Loan Rates, Closing Costs & Stats
PENSACOLA-FERRY PASS-BRENT, 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.
Pensacola's 176 lenders originated 3,241 VA loans during 2023. The total origination value was $1,111,235,000, with an average VA loan value of $342,868.
Pensacola VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Pensacola
averaged
6.79%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Pensacola's average VA mortgage closing costs are $6,699.
The average rate for the prior week (2024-04-12) was
6.62% and
one month ago for the week of 2024-03-15, the
average rate was 6.38%.
The average rate one year ago was 6.07%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.11%.
Pensacola 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 Pensacola level.
The top Pensacola VA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with
460 VA loans originated. Their average total fees are
$5,788, which is $2,630
lower than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Pensacola VA lenders (with over 10 loans originated) are
FIDELITY BANK ($5,414), DHI MORTGAGE COMPANY, LTD. ($5,788), MORTGAGE ONE OF THE SOUTH, INC. ($6,041), Synovus Bank ($6,272) and GUARANTEED RATE, INC. ($6,323).
The lowest rate Pensacola VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.10%), DHI MORTGAGE COMPANY, LTD. (5.36%), PENTAGON FEDERAL CREDIT UNION (5.40%), Citizens Bank (5.70%) and NAVY FEDERAL CREDIT UNION (5.76%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Pensacola (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 | $250,000 (10.8%) | $335,503 (9.7%) | 0.93 | 2,375 |
| 2018-02-01 | $250,000 (9.7%) | $334,126 (7.1%) | 0.91 | 2,420 |
| 2018-03-01 | $258,650 (11.0%) | $340,708 (6.4%) | 0.91 | 2,444 |
| 2018-04-01 | $261,301 (9.7%) | $349,888 (6.2%) | 0.89 | 2,454 |
| 2018-05-01 | $264,900 (10.1%) | $348,056 (0.6%) | 0.88 | 2,598 |
| 2018-06-01 | $261,899 (8.4%) | $342,823 (3.4%) | 0.87 | 2,629 |
| 2018-07-01 | $260,000 (6.1%) | $340,897 (4.5%) | 0.87 | 2,726 |
| 2018-08-01 | $256,950 (5.2%) | $335,171 (3.5%) | 0.86 | 2,707 |
| 2018-09-01 | $258,725 (4.4%) | $337,210 (1.7%) | 0.87 | 2,637 |
| 2018-10-01 | $257,450 (5.2%) | $339,736 (4.0%) | 0.87 | 2,605 |
| 2018-11-01 | $259,000 (6.3%) | $339,240 (3.0%) | 0.88 | 2,575 |
| 2018-12-01 | $254,700 (1.9%) | $338,117 (0.5%) | 0.88 | 2,539 |
| 2019-01-01 | $255,000 (2.0%) | $339,641 (1.2%) | 0.88 | 2,433 |
| 2019-02-01 | $254,950 (2.0%) | $342,453 (2.5%) | 0.86 | 2,455 |
| 2019-03-01 | $263,329 (1.8%) | $355,711 (4.4%) | 0.86 | 2,443 |
| 2019-04-01 | $270,925 (3.7%) | $374,519 (7.0%) | 0.86 | 2,384 |
| 2019-05-01 | $275,225 (3.9%) | $376,497 (8.2%) | 0.86 | 2,397 |
| 2019-06-01 | $275,900 (5.4%) | $383,440 (11.9%) | 0.86 | 2,345 |
| 2019-07-01 | $279,000 (7.3%) | $387,600 (13.7%) | 0.87 | 2,308 |
| 2019-08-01 | $278,536 (8.4%) | $387,367 (15.6%) | 0.88 | 2,293 |
| 2019-09-01 | $276,491 (6.9%) | $388,133 (15.1%) | 0.88 | 2,283 |
| 2019-10-01 | $274,900 (6.8%) | $387,961 (14.2%) | 0.89 | 2,276 |
| 2019-11-01 | $274,900 (6.1%) | $389,208 (14.7%) | 0.90 | 2,210 |
| 2019-12-01 | $270,000 (6.0%) | $390,041 (15.4%) | 0.90 | 2,148 |
| 2020-01-01 | $269,900 (5.8%) | $392,387 (15.5%) | 0.90 | 2,051 |
| 2020-02-01 | $271,800 (6.6%) | $392,301 (14.6%) | 0.89 | 2,008 |
| 2020-03-01 | $283,973 (7.8%) | $398,620 (12.1%) | 0.89 | 1,963 |
| 2020-04-01 | $279,950 (3.3%) | $391,287 (4.5%) | 0.88 | 2,034 |
| 2020-05-01 | $289,000 (5.0%) | $404,731 (7.5%) | 0.88 | 1,921 |
| 2020-06-01 | $295,731 (7.2%) | $425,737 (11.0%) | 0.87 | 1,570 |
| 2020-07-01 | $291,900 (4.6%) | $429,399 (10.8%) | 0.85 | 1,483 |
| 2020-08-01 | $289,000 (3.8%) | $442,223 (14.2%) | 0.83 | 1,400 |
| 2020-09-01 | $289,900 (4.9%) | $423,539 (9.1%) | 0.83 | 1,266 |
| 2020-10-01 | $285,000 (3.7%) | $434,665 (12.0%) | 0.82 | 1,175 |
| 2020-11-01 | $281,825 (2.5%) | $443,803 (14.0%) | 0.82 | 1,134 |
| 2020-12-01 | $290,005 (7.4%) | $442,666 (13.5%) | 0.86 | 1,099 |
| 2021-01-01 | $300,000 (11.2%) | $444,641 (13.3%) | 0.90 | 1,025 |
| 2021-02-01 | $317,500 (16.8%) | $477,274 (21.7%) | 0.92 | 811 |
| 2021-03-01 | $339,450 (19.5%) | $502,029 (25.9%) | 0.96 | 757 |
| 2021-04-01 | $337,725 (20.6%) | $505,060 (29.1%) | 0.91 | 778 |
| 2021-05-01 | $339,000 (17.3%) | $500,759 (23.7%) | 0.90 | 837 |
| 2021-06-01 | $341,193 (15.4%) | $498,924 (17.2%) | 0.90 | 931 |
| 2021-07-01 | $335,750 (15.0%) | $504,602 (17.5%) | 0.89 | 1,080 |
| 2021-08-01 | $349,900 (21.1%) | $509,639 (15.2%) | 0.93 | 1,160 |
| 2021-09-01 | $347,225 (19.8%) | $516,864 (22.0%) | 0.93 | 1,216 |
| 2021-10-01 | $350,000 (22.8%) | $520,877 (19.8%) | 0.93 | 1,234 |
| 2021-11-01 | $356,925 (26.7%) | $518,612 (16.9%) | 0.95 | 1,208 |
| 2021-12-01 | $362,875 (25.1%) | $531,853 (20.2%) | 0.98 | 1,094 |
| 2022-01-01 | $369,900 (23.3%) | $526,080 (18.3%) | 1.00 | 983 |
| 2022-02-01 | $374,950 (18.1%) | $568,539 (19.1%) | 0.98 | 752 |
| 2022-03-01 | $375,062 (10.5%) | $552,380 (10.0%) | 0.94 | 749 |
| 2022-04-01 | $380,833 (12.8%) | $554,640 (9.8%) | 0.91 | 803 |
| 2022-05-01 | $389,967 (15.0%) | $551,552 (10.1%) | 0.89 | 1,029 |
| 2022-06-01 | $392,025 (14.9%) | $556,851 (11.6%) | 0.87 | 1,292 |
| 2022-07-01 | $394,900 (17.6%) | $544,956 (8.0%) | 0.89 | 1,744 |
| 2022-08-01 | $395,783 (13.1%) | $554,168 (8.7%) | 0.91 | 1,818 |
| 2022-09-01 | $392,000 (12.9%) | $548,117 (6.1%) | 0.92 | 1,815 |
| 2022-10-01 | $371,260 (6.1%) | $503,247 (-3.4%) | 0.87 | 2,542 |
| 2022-11-01 | $372,400 (4.3%) | $498,532 (-3.9%) | 0.90 | 2,566 |
| 2022-12-01 | $369,900 (1.9%) | $497,534 (-6.5%) | 0.91 | 2,363 |
| 2023-01-01 | $384,900 (4.1%) | $512,182 (-2.6%) | 0.95 | 1,976 |
| 2023-02-01 | $379,925 (1.3%) | $510,048 (-10.3%) | 0.92 | 1,814 |
| 2023-03-01 | $389,675 (3.9%) | $528,670 (-4.3%) | 0.92 | 1,719 |
| 2023-04-01 | $395,000 (3.7%) | $541,809 (-2.3%) | 0.92 | 1,705 |
| 2023-05-01 | $399,400 (2.4%) | $552,510 (0.2%) | 0.91 | 1,699 |
| 2023-06-01 | $393,769 (0.4%) | $543,887 (-2.3%) | 0.88 | 1,751 |
| 2023-07-01 | $388,000 (-1.8%) | $536,841 (-1.5%) | 0.88 | 1,835 |
| 2023-08-01 | $384,725 (-2.8%) | $527,005 (-4.9%) | 0.88 | 1,984 |
| 2023-09-01 | $375,000 (-4.3%) | $518,430 (-5.4%) | 0.87 | 2,127 |
| 2023-10-01 | $372,875 (0.4%) | $515,897 (2.5%) | 0.88 | 2,318 |
| 2023-11-01 | $367,350 (-1.4%) | $513,637 (3.0%) | 0.87 | 2,466 |
| 2023-12-01 | $364,900 (-1.4%) | $510,492 (2.6%) | 0.89 | 2,472 |
| 2024-01-01 | $361,200 (-6.2%) | $512,652 (0.1%) | 0.88 | 2,364 |
| 2024-02-01 | $365,000 (-3.9%) | $516,662 (1.3%) | 0.88 | 2,448 |
| 2024-03-01 | $369,000 (-5.3%) | $522,860 (-1.1%) | 0.87 | 2,569 |
Pensacola's median listing price comes in at 87% of the national average.
Pensacola's average listing price for 2024-03-01 was $522,860, a difference of $-5,810 (-1.1%) versus the prior year and $6,198 versus the prior month.
For the 2024-03-01 period, Pensacola had 2,569 MLS listings, a difference of 121 listings (5%) versus the prior month and 850 listings (49%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Pensacola (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 82 days | 1,961 sqft |
| 2018-02-01 | 75 days | 1,942 sqft |
| 2018-03-01 | 60 days | 1,983 sqft |
| 2018-04-01 | 59 days | 1,997 sqft |
| 2018-05-01 | 58 days | 2,000 sqft |
| 2018-06-01 | 60 days | 1,978 sqft |
| 2018-07-01 | 66 days | 1,981 sqft |
| 2018-08-01 | 70 days | 1,955 sqft |
| 2018-09-01 | 73 days | 1,950 sqft |
| 2018-10-01 | 75 days | 1,959 sqft |
| 2018-11-01 | 80 days | 1,969 sqft |
| 2018-12-01 | 84 days | 1,950 sqft |
| 2019-01-01 | 87 days | 1,944 sqft |
| 2019-02-01 | 82 days | 1,924 sqft |
| 2019-03-01 | 70 days | 1,954 sqft |
| 2019-04-01 | 55 days | 2,000 sqft |
| 2019-05-01 | 51 days | 2,016 sqft |
| 2019-06-01 | 59 days | 2,009 sqft |
| 2019-07-01 | 63 days | 2,005 sqft |
| 2019-08-01 | 62 days | 2,008 sqft |
| 2019-09-01 | 62 days | 2,008 sqft |
| 2019-10-01 | 60 days | 2,008 sqft |
| 2019-11-01 | 66 days | 2,002 sqft |
| 2019-12-01 | 75 days | 1,968 sqft |
| 2020-01-01 | 77 days | 1,973 sqft |
| 2020-02-01 | 63 days | 1,986 sqft |
| 2020-03-01 | 55 days | 2,025 sqft |
| 2020-04-01 | 58 days | 1,988 sqft |
| 2020-05-01 | 61 days | 1,988 sqft |
| 2020-06-01 | 56 days | 1,990 sqft |
| 2020-07-01 | 45 days | 1,959 sqft |
| 2020-08-01 | 44 days | 1,915 sqft |
| 2020-09-01 | 47 days | 1,903 sqft |
| 2020-10-01 | 48 days | 1,900 sqft |
| 2020-11-01 | 44 days | 1,850 sqft |
| 2020-12-01 | 42 days | 1,857 sqft |
| 2021-01-01 | 44 days | 1,873 sqft |
| 2021-02-01 | 36 days | 1,890 sqft |
| 2021-03-01 | 21 days | 1,979 sqft |
| 2021-04-01 | 19 days | 1,897 sqft |
| 2021-05-01 | 17 days | 1,850 sqft |
| 2021-06-01 | 20 days | 1,850 sqft |
| 2021-07-01 | 23 days | 1,848 sqft |
| 2021-08-01 | 26 days | 1,855 sqft |
| 2021-09-01 | 29 days | 1,855 sqft |
| 2021-10-01 | 32 days | 1,849 sqft |
| 2021-11-01 | 37 days | 1,858 sqft |
| 2021-12-01 | 46 days | 1,913 sqft |
| 2022-01-01 | 45 days | 1,892 sqft |
| 2022-02-01 | 24 days | 1,923 sqft |
| 2022-03-01 | 22 days | 1,897 sqft |
| 2022-04-01 | 18 days | 1,892 sqft |
| 2022-05-01 | 19 days | 1,897 sqft |
| 2022-06-01 | 24 days | 1,886 sqft |
| 2022-07-01 | 29 days | 1,903 sqft |
| 2022-08-01 | 39 days | 1,932 sqft |
| 2022-09-01 | 47 days | 1,939 sqft |
| 2022-10-01 | 53 days | 1,859 sqft |
| 2022-11-01 | 55 days | 1,854 sqft |
| 2022-12-01 | 65 days | 1,873 sqft |
| 2023-01-01 | 73 days | 1,876 sqft |
| 2023-02-01 | 65 days | 1,838 sqft |
| 2023-03-01 | 57 days | 1,852 sqft |
| 2023-04-01 | 52 days | 1,873 sqft |
| 2023-05-01 | 49 days | 1,859 sqft |
| 2023-06-01 | 47 days | 1,831 sqft |
| 2023-07-01 | 51 days | 1,830 sqft |
| 2023-08-01 | 49 days | 1,830 sqft |
| 2023-09-01 | 50 days | 1,818 sqft |
| 2023-10-01 | 54 days | 1,813 sqft |
| 2023-11-01 | 58 days | 1,805 sqft |
| 2023-12-01 | 66 days | 1,787 sqft |
| 2024-01-01 | 78 days | 1,775 sqft |
| 2024-02-01 | 72 days | 1,776 sqft |
| 2024-03-01 | 57 days | 1,773 sqft |
Pensacola's median square footage for active listings during the 2024-03-01 period was 1,773 sqft. One year prior, the average listing was 1,852 sqft.