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 177 lenders originated 3,624 VA loans during 2024. The total origination value was $1,279,930,000, with an average VA loan value of $353,182.

Pensacola VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Pensacola averaged 0.13% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

Pensacola's average VA mortgage closing costs are $6,866.

The average rate for the prior week (2025-06-13) was 6.48% and one month ago for the week of 2025-05-16, the average rate was 6.24%.

The average rate one year ago was 6.24%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.01%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 397 4.85% $5,121
UNITED WHOLESALE MORTGAGE, LLC 327 5.92% $8,266
Mortgage Research Center, LLC 290 6.36% $7,339
NAVY FEDERAL CREDIT UNION 189 5.93% $6,118
QUICKEN LOANS, LLC 155 6.04% $10,660
University Bank 148 6.04% $7,782
EAGLE HOME MORTGAGE, LLC 144 4.84% $6,026
FREEDOM MORTGAGE CORPORATION 126 6.14% $10,427
SWBC MORTGAGE CORPORATION 93 6.16% $9,135
CMG MORTGAGE, INC. 92 6.18% $11,571
MOVEMENT MORTGAGE, LLC 71 6.48% $10,341
BROKER SOLUTIONS, INC. 69 6.24% $10,464
ARK-LA-TEX FINANCIAL SERVICES, LLC. 63 6.11% $9,418
PENNYMAC LOAN SERVICES, LLC 53 5.72% $9,181
USAA Federal Savings Bank 48 6.18% $9,323
VILLAGE CAPITAL MORTGAGE 48 5.69% $6,326
NEWREZ LLC 44 6.04% $7,655
THE MORTGAGE FIRM, INC. 43 6.65% $8,083
NEW DAY FINANCIAL, LLC 42 7.42% $13,961
GUARANTEED RATE AFFINITY, LLC 38 6.35% $12,095
DSLD MORTGAGE, LLC 36 5.69% $6,851
LOANDEPOT.COM, LLC 32 6.09% $12,778
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 30 6.05% $9,975
FIRST COLONY MORTGAGE CORPORATION 30 5.99% $11,136
GUARANTEED RATE, INC. 30 5.97% $6,572
PRIMELENDING, A PLAINSCAPITAL COMPANY 29 6.28% $6,213
CROSSCOUNTRY MORTGAGE, LLC 29 6.51% $8,178
Paramount Residential Mortgage Group, Inc. 29 6.13% $9,804
Equity Prime Mortgage LLC 21 6.32% $9,361
NBKC BANK 21 5.99% $6,185
FBC MORTGAGE, LLC 20 4.62% $7,818
Ameris Bank 20 6.30% $9,940
Mr. Cooper ( Nationstar Mortgage ) 19 6.06% $9,172
PLANET HOME LENDING, LLC 18 5.23% $6,071
LAKEVIEW LOAN SERVICING, LLC 16 5.92% $6,291
Plains Commerce Bank 15 6.07% $13,732
MSA MORTGAGE, LLC 14 5.88% $11,212
Synovus Bank 13 6.22% $8,504
PENTAGON FEDERAL CREDIT UNION 12 6.06% $7,321
INSPIRE HOME LOANS INC. 12 5.25% $7,828
Century Mortgage Company DBA Century Lending Company 11 6.08% $9,067
MORTGAGE ONE OF THE SOUTH, INC. 11 6.03% $7,317
First Federal Bank 11 6.05% $9,170
GARDNER FINANCIAL SERVICES, LTD. 10 6.54% $10,187
Regions Bank 10 6.21% $9,289
MUTUAL OF OMAHA MORTGAGE, INC. 10 6.55% $16,615
Waterstone Mortgage Corporation 9 6.33% $12,927
SOUTHEAST MORTGAGE OF GEORGIA, INC. 9 6.71% $6,736
TOWNE MORTGAGE COMPANY 9 6.01% $12,743
SUN WEST MORTGAGE COMPANY, INC. 9 5.67% $8,773
The Federal Savings Bank 9 6.39% $15,194
MORTGAGE SOLUTIONS OF COLORADO, LLC 9 6.90% $2,833
FIDELITY BANK 8 6.39% $9,123
SUMMIT FUNDING, INC. 8 6.22% $7,573
Carrington Mortgage Services, LLC 8 5.77% $13,251
The Loan Store, Inc. 8 5.97% $12,942
Mid-Continent Funding, Inc. 8 6.08% $8,785
Flagstar Bank, FSB 8 6.14% $6,205
GUILD MORTGAGE COMPANY 7 6.25% $8,830
BankPlus 7 5.88% $9,175
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.41% $3,737
Barrington Bank & Trust Company, N.A. 7 6.36% $6,968
CARDINAL FINANCIAL 7 6.16% $14,003
City National Bank of Florida 7 5.93% $11,949
NFM, INC. 6 6.25% $11,509
Bank of England 6 6.50% $8,546
CANOPY MORTGAGE, LLC 6 6.04% $11,739
CLEARPATH LENDING 6 5.46% $5,101
HOMESIDE FINANCIAL, LLC 6 6.54% $16,228
LOANPAL, LLC 6 5.83% $13,175
NORWICH COMMERCIAL GROUP, INC. 6 6.06% $8,563
Trustmark National Bank 6 6.60% $3,042
UNION HOME MORTGAGE CORP. 6 5.63% $6,208
FIRST COMMUNITY MORTGAGE, INC. 5 6.12% $10,203
DAS Acquisition Company, LLC 5 6.75% $5,610
EVERETT FINANCIAL, INC. 5 6.68% $12,436
MORTGAGEONE, INC. 5 6.63% $4,828
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.47% $5,583
Truist 4 6.13% $8,524
PHH Mortgage Corporation 4 5.96% $5,114
PLAZA HOME MORTGAGE, INC. 4 6.03% $12,159
FirstBank 4 6.34% $8,716
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.31% $10,318
ZILLOW HOME LOANS, LLC 3 7.04% $8,363
JMAC LENDING, INC. 3 5.79% $9,720
AMERISAVE MORTGAGE CORPORATION 3 6.71% $17,307
STOCKTON MORTGAGE CORPORATION 3 6.58% $13,285
LADERA LENDING, INC. 3 6.75% $6,111
NETWORK CAPITAL FUNDING CORPORATION 3 5.96% $11,535
JPMorgan Chase Bank 3 6.29% $8,716
INTELLILOAN, INC. 3 6.17% $6,038
TJC Mortgage, Inc. 3 5.71% $15,417
GoPrime Mortgage, Inc. 3 6.50% $8,806
Wells Fargo Bank 3 6.04% $4,580
SUCCESS MORTGAGE PARTNERS, INC. 3 6.54% $12,669
U.S. Bank 2 5.50% $9,166
VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.06% $2,424
NATIONS DIRECT MORTGAGE, LLC 2 5.94% $10,214
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.00% $6,186
Nations Lending Corporation 2 6.75% $14,318
VERITAS FUNDING, LLC 2 6.38% $15,599
Prosperity Home Mortgage, LLC 2 6.44% $7,965
KEESLER 2 5.63% $11,330
S1L, Inc. 2 6.00% $15,922
Service Federal Credit Union 2 6.19% $11,066
MORIA DEVELOPMENT, INC. 2 6.19% $17,531
Lakeview Community Capital, LLC 2 6.37% $6,634
South State Bank 2 6.19% $3,750
NJ LENDERS CORP. 2 6.44% $14,154
GMFS LLC 2 7.00% $6,300
AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.25% $8,440
AmeriHome Mortgage Company, LLC 2 6.25% $23,028
Texana Bank 2 6.75% $8,379
The Central Trust Bank 2 6.19% $7,877
Ixonia Bank 2 7.13% $7,285
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.87% $18,896
American Mortgage Bank, LLC 2 6.06% $7,963
CHURCHILL MORTGAGE CORPORATION 2 6.63% $17,824
Centennial Bank 2 5.94% $16,405
AMERICAN FINANCING CORPORATION 2 6.06% $15,381
Magnolia Bank 2 5.69% $13,842
ENDEAVOR CAPITAL, LLC. 2 6.44% $4,013
Tyndall Federal Credit Union 1 6.00% $12,174
UNITED MORTGAGE CORP 1 5.75% $9,459
AMERICAN FINANCIAL RESOURCES, INC. 1 6.13% $22,173
AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $6,138
AMERICAN BANCSHARES MORTGAGE 1 6.63% $12,473
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.50% $7,284
AXIA FINANCIAL, LLC 1 6.75% $12,479
GERSHMAN INVESTMENT CORP. 1 6.75% $1,625
Gateway First Bank 1 6.50% $4,275
LOANFLIGHT LENDING, LLC 1 5.75% $6,533
ALLIED MORTGAGE GROUP, INC. 1 5.75% $6,198
METROPLEX MORTGAGE SERVICES, INC. 1 7.88% $7,920
First National Bank and Trust Company 1 6.63% $3,003
MILEND, INC. 1 6.13% $19,274
MORTGAGE 1 INCORPORATED 1 6.13% $2,000
MORTGAGE ACCESS CORP. 1 5.75% $2,742
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.63% $1,600
FEDERATED MORTGAGE CORP. 1 6.13% $9,991
ENVOY MORTGAGE, LTD 1 6.63% $9,320
M&T Bank 1 6.25% $5,090
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $23,299
Credence Funding Corporation 1 5.63% $5,259
Cornerstone First Mortgage, Inc 1 6.12% $8,527
Core Bank 1 6.25% $3,574
1ST SIGNATURE LENDING, LLC 1 7.25% $7,633
Northpointe Bank 1 6.25% $14,627
OceanFirst Bank 1 5.75% $3,683
OCEANSIDE MORTGAGE COMPANY 1 5.63% $10,903
OCMBC, INC. 1 7.13% $5,244
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $3,707
CityWorth Mortgage LLC 1 6.25% $4,627
Pen Air Federal Credit Union 1 7.00% $1,816
Capital City Home Loans, LLC 1 5.25% $10,860
BETTER MORTGAGE CORPORATION 1 5.63% $6,367
Presidential Bank, FSB 1 6.25% $8,063
Bell Bank 1 5.63% $6,246
BAY EQUITY LLC 1 6.25% $828
Princeton Mortgage Corporation 1 6.25% $4,760
BANKSOUTH MORTGAGE COMPANY, LLC 1 6.25% $17,084
BancorpSouth 1 6.38% $2,884
RELIANCE FIRST CAPITAL, LLC 1 6.38% $3,894
SeaTrust Mortgage Company 1 7.25% $18,984
Sierra Pacific Mortgage Company, Inc. 1 6.25% $10,516
HOMETRUST MORTGAGE COMPANY 1 6.75% $9,554
SOUTHWEST STAGE FUNDING, LLC 1 6.38% $50
Stride Bank 1 6.25% $8,131
Strong Home Mortgage, LLC 1 5.49% $3,635
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.50% $3,932
Sunflower Bank 1 6.63% $17,505
Armed Forces Bank 1 6.25% $9,591
T2 FINANCIAL LLC 1 5.75% $4,839
The Dart Bank 1 6.75% $9,663
The Huntington National Bank 1 6.88% $5,544
THE MORTGAGE LINK, INC. 1 6.50% $14,235
Towne Bank 1 6.63% $26,859

The top Pensacola VA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 397 VA loans originated. Their average total fees are $5,121, which is $3,145 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Pensacola VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($5,121), EAGLE HOME MORTGAGE, LLC ($6,026), PLANET HOME LENDING, LLC ($6,071), NAVY FEDERAL CREDIT UNION ($6,118) and NBKC BANK ($6,185).

The lowest rate Pensacola VA lenders (with over 10 loans originated) are FBC MORTGAGE, LLC (4.62%), EAGLE HOME MORTGAGE, LLC (4.84%), DHI MORTGAGE COMPANY, LTD. (4.85%), PLANET HOME LENDING, LLC (5.23%) and INSPIRE HOME LOANS INC. (5.25%).

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.