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 6.5% for the week of 2024-05-24, compared to the national average (all VA variants) of 6.567% for the same period.

Pensacola's average VA mortgage closing costs are $6,699.

The average rate for the prior week (2024-05-17) was 6.53% and one month ago for the week of 2024-04-19, the average rate was 6.69%.

The average rate one year ago was 6.07%.

For refis of the same type during the week of 2024-05-24, the average rate was 7.12%.

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

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.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 460 5.36% $5,788
Mortgage Research Center, LLC 284 6.62% $8,418
NAVY FEDERAL CREDIT UNION 244 5.76% $7,600
UNITED WHOLESALE MORTGAGE, LLC 207 6.20% $9,833
QUICKEN LOANS, LLC 145 6.06% $13,209
University Bank 120 6.22% $9,566
BROKER SOLUTIONS, INC. 112 6.19% $9,997
MOVEMENT MORTGAGE, LLC 83 6.55% $9,335
Paramount Residential Mortgage Group, Inc. 81 5.87% $9,139
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 73 6.30% $10,054
THE MORTGAGE FIRM, INC. 65 6.61% $10,395
EAGLE HOME MORTGAGE, LLC 65 5.10% $6,470
SWBC MORTGAGE CORPORATION 63 6.26% $8,467
USAA Federal Savings Bank 50 6.16% $9,242
FREEDOM MORTGAGE CORPORATION 47 6.45% $15,211
LOANDEPOT.COM, LLC 46 5.99% $14,482
PRIMELENDING, A PLAINSCAPITAL COMPANY 44 6.26% $10,830
CMG MORTGAGE, INC. 35 6.38% $14,772
NEW DAY FINANCIAL, LLC 34 7.40% $16,059
DSLD MORTGAGE, LLC 29 5.90% $7,326
PENNYMAC LOAN SERVICES, LLC 28 5.78% $10,711
NBKC BANK 27 5.78% $9,917
GUARANTEED RATE AFFINITY, LLC 25 6.29% $10,101
GUARANTEED RATE, INC. 22 6.04% $6,323
MORTGAGE ONE OF THE SOUTH, INC. 22 5.92% $6,041
PENTAGON FEDERAL CREDIT UNION 21 5.40% $10,993
CROSSCOUNTRY MORTGAGE, LLC 21 6.48% $11,662
Mr. Cooper ( Nationstar Mortgage ) 21 5.93% $15,651
FIDELITY BANK 20 6.41% $5,414
THRIVE MORTGAGE, LLC 19 6.72% $11,892
PRIMARY RESIDENTIAL MORTGAGE, INC. 16 6.52% $11,818
SOUTHEAST MORTGAGE OF GEORGIA, INC. 16 6.32% $10,444
Plains Commerce Bank 15 6.10% $11,543
Synovus Bank 15 6.34% $6,272
Equity Prime Mortgage LLC 13 6.91% $8,977
Regions Bank 13 6.40% $11,266
Century Mortgage Company DBA Century Lending Company 13 6.10% $8,428
UNION HOME MORTGAGE CORP. 12 6.79% $10,644
Waterstone Mortgage Corporation 12 6.44% $15,910
AMERICAN FINANCIAL NETWORK, INC. 12 6.63% $11,479
NEWREZ LLC 12 6.20% $11,783
MORTGAGE SOLUTIONS OF COLORADO, LLC 12 7.35% $7,103
The Federal Savings Bank 10 6.53% $16,711
DAS Acquisition Company, LLC 10 6.94% $7,090
CARDINAL FINANCIAL 10 5.94% $12,702
Barrington Bank & Trust Company, N.A. 10 6.22% $9,301
Ameris Bank 10 6.58% $12,858
VILLAGE CAPITAL MORTGAGE 10 6.05% $12,824
Citizens Bank 10 5.70% $8,221
GUILD MORTGAGE COMPANY 10 6.75% $11,502
Truist 9 5.85% $8,852
AMERISAVE MORTGAGE CORPORATION 9 5.96% $20,057
FIRST COMMUNITY MORTGAGE, INC. 8 5.41% $9,418
Mid-Continent Funding, Inc. 7 6.27% $10,633
ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 6.34% $13,260
CBM Mortgage, Inc. 7 5.84% $12,022
Bank of England 6 6.63% $12,910
CANOPY MORTGAGE, LLC 6 6.98% $13,369
BNC National Bank 6 5.46% $13,567
Wells Fargo Bank 6 6.33% $8,454
Trustmark National Bank 6 6.21% $4,602
HOMETRUST MORTGAGE COMPANY 6 6.08% $6,644
FBC MORTGAGE, LLC 5 5.54% $6,094
LOANPAL, LLC 5 5.63% $14,960
INSPIRE HOME LOANS INC. 5 5.98% $5,543
OPEN MORTGAGE, LLC 5 6.13% $6,550
CHURCHILL MORTGAGE CORPORATION 5 6.48% $9,917
Centennial Bank 5 6.35% $15,146
KELLER MORTGAGE, LLC 5 5.93% $13,484
ZILLOW HOME LOANS, LLC 4 6.03% $8,584
DRAPER AND KRAMER MORTGAGE CORP. 4 6.34% $10,103
LAKEVIEW LOAN SERVICING, LLC 4 6.44% $11,481
NFM, INC. 4 6.78% $13,383
North American Savings Bank, F.S.B. 4 5.75% $8,947
STOCKTON MORTGAGE CORPORATION 4 5.88% $9,805
SUN WEST MORTGAGE COMPANY, INC. 4 6.53% $10,941
EVERETT FINANCIAL, INC. 3 6.71% $9,756
NexBank 3 5.79% $13,088
First Federal Bank 3 6.13% $11,607
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.33% $9,032
Flagstar Bank, FSB 3 6.46% $7,867
HOMESTAR FINANCIAL CORPORATION 3 6.42% $10,375
TOWNE MORTGAGE COMPANY 3 6.96% $5,711
Towne Bank 3 6.00% $10,158
AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.33% $11,248
United Fidelity Funding Corp. 3 5.75% $13,607
BankPlus 3 6.79% $6,784
Prosperity Home Mortgage, LLC 3 6.17% $19,904
Ixonia Bank 3 6.63% $8,932
GoPrime Mortgage, Inc. 3 5.92% $7,416
GERSHMAN INVESTMENT CORP. 3 6.00% $7,580
CONTOUR MORTGAGE CORPORATION 3 7.04% $16,137
PLANET HOME LENDING, LLC 3 5.96% $15,271
Pen Air Federal Credit Union 3 6.04% $6,141
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.87% $4,939
JPMorgan Chase Bank 2 5.37% $11,985
LADERA LENDING, INC. 2 6.13% $13,804
Lakeview Community Capital, LLC 2 5.69% $12,448
LENOX FINANCIAL MORTGAGE CORPORATION 2 5.63% $11,912
NATIONS DIRECT MORTGAGE, LLC 2 5.88% $16,581
Nations Lending Corporation 2 6.44% $10,421
NATIONWIDE MORTGAGE BANKERS, INC. 2 6.25% $19,864
CERTAINTY HOME LOANS, LLC 2 5.56% $2,363
Renasant Bank 2 5.81% $8,029
RESIDENTIAL BANCORP 2 6.25% $8,701
SOUTHPOINT FINANCIAL SERVICES, INC. 2 7.00% $7,704
SOVEREIGN LENDING GROUP INCORPORATED 2 5.31% $10,032
SUCCESS MORTGAGE PARTNERS, INC. 2 7.38% $13,607
ACADEMY MORTGAGE CORPORATION 2 7.25% $9,298
CALIBER HOME LOANS, INC. 2 6.25% $7,215
The Central Trust Bank 2 5.63% $11,692
Bell Bank 2 6.19% $9,560
United Community Bank 2 5.25% $10,456
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.38% $12,320
HomePromise Corporation 2 7.69% $23,511
GENEVA FINANCIAL, LLC 1 6.63% $10,344
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $8,984
ALLIED MORTGAGE GROUP, INC. 1 6.00% $8,864
Northpointe Bank 1 5.75% $18,414
NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.75% $5,444
OCEANSIDE MORTGAGE COMPANY 1 6.13% $11,184
ONY GLO, INC. 1 6.75% $15,367
MID AMERICA MORTGAGE, INC. 1 7.13% $22,462
EMM LOANS LLC 1 5.75% $11,112
MICHIGAN MUTUAL, INC. 1 6.50% $24,580
DG PINNACLE FUNDING LLC 1 5.13% $3,692
CORNERSTONE HOME LENDING, INC. 1 9.50% $4,077
PHH Mortgage Corporation 1 5.88% $17,102
Core Bank 1 7.13% $6,540
Meridian Bank Corporation 1 6.75% $7,963
PLAZA HOME MORTGAGE, INC. 1 5.75% $11,078
PREMIA MORTGAGE, LLC 1 6.00% $4,420
Presidential Bank, FSB 1 6.25% $6,423
Magnolia Bank 1 7.00% $15,643
COMMUNITY MORTGAGE CORPORATION 1 7.25% $2,822
Lend Smart Mortgage, LLC 1 6.25% $7,098
Citibank 1 6.25% $18,377
BancorpSouth 1 6.88% $8,215
Armed Forces Bank 1 5.63% $15,451
AmeriHome Mortgage Company, LLC 1 6.25% $8,023
RESOURCE FINANCIAL SERVICES, INC. 1 6.13% $14,523
ROYAL UNITED MORTGAGE LLC 1 6.75% $14,919
SeaTrust Mortgage Company 1 5.50% $6,926
SECURITYNATIONAL MORTGAGE COMPANY 1 5.75% $17,248
Service Federal Credit Union 1 6.50% $6,146
Carrington Mortgage Services, LLC 1 6.75% $1,477
Integrity Home Mortgage Corp 1 6.88% $20,539
INTERCAP LENDING INC. 1 7.13% $7,140
Alliance Credit Union 1 6.63% $6,946
Strong Home Mortgage, LLC 1 5.49% $12,856
INTELLILOAN, INC. 1 6.13% $3,355
HOMESTEAD FUNDING CORP. 1 5.38% $13,244
AMERICAN FINANCING CORPORATION 1 6.25% $4,197
Cache Valley Bank 1 5.63% $15,920
T2 FINANCIAL LLC 1 6.75% $11,795
HOMESIDE FINANCIAL, LLC 1 7.75% $3,983
HOMESPIRE MORTGAGE CORPORATION 1 7.75% $2,227
The Loan Store, Inc. 1 5.63% $10,514
BANKSOUTH MORTGAGE COMPANY, LLC 1 6.25% $9,308
U.S. Bank 1 5.63% $16,536
MORTGAGE ACCESS CORP. 1 6.75% $3,778
MORTGAGEONE, INC. 1 6.75% $4,636
Gateway First Bank 1 6.63% $13,946
MORIA DEVELOPMENT, INC. 1 6.13% $18,715
First United Bank and Trust Company 1 7.63% $6,465
First Liberty Bank 1 5.75% $4,601
First Horizon Bank 1 6.13% $3,510
MILEND, INC. 1 6.75% $22,370
TJC Mortgage, Inc. 1 6.63% $8,908
KeyBank 1 6.75% $7,326
Hancock Whitney Bank 1 6.00% $16,042
First Federal Bank, A FSB 1 6.00% $8,277
MID-ISLAND MORTGAGE CORP. 1 6.13% $11,894
NETWORK CAPITAL FUNDING CORPORATION 1 4.63% $2,608
FIRST COLONY MORTGAGE CORPORATION 1 6.75% $4,823
Farmers Bank & Trust 1 5.00% $1,792

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
2024-04-01 $370,950 (-6.1%) $532,076 (-1.8%) 0.86 2,744
Pensacola's median listing price for 2024-04-01 was $370,950, a difference of $-24,050 (-6.1%) versus the prior year and $1,950 versus the prior month.

Pensacola's median listing price comes in at 86% of the national average.

Pensacola's average listing price for 2024-04-01 was $532,076, a difference of $-9,733 (-1.8%) versus the prior year and $9,216 versus the prior month.

For the 2024-04-01 period, Pensacola had 2,744 MLS listings, a difference of 175 listings (7%) versus the prior month and 1,039 listings (61%) 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
2024-04-01 57 days 1,782 sqft
Pensacola's median listing age (time on market) for 2024-04-01 was 57 days. This is 9% longer than the same period one year ago.

Pensacola's median square footage for active listings during the 2024-04-01 period was 1,782 sqft. One year prior, the average listing was 1,873 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.