Punta Gorda VA Loan Rates, Closing Costs & Stats

PUNTA GORDA, 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.

Punta Gorda's 91 lenders originated 440 VA loans during 2023. The total origination value was $156,490,000, with an average VA loan value of $355,659.

Punta Gorda VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Punta Gorda averaged 6.36% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

Punta Gorda's average VA mortgage closing costs are $6,610.

The average rate for the prior week (2024-06-07) was 6.63% and one month ago for the week of 2024-05-10, the average rate was 6.54%.

The average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-06-14, the average rate was 7.03%.

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

Punta Gorda 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 Punta Gorda level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 60 6.50% $8,306
UNITED WHOLESALE MORTGAGE, LLC 35 6.46% $10,744
DHI MORTGAGE COMPANY, LTD. 26 5.70% $6,537
EAGLE HOME MORTGAGE, LLC 24 5.78% $8,687
QUICKEN LOANS, LLC 20 6.14% $13,566
LOANDEPOT.COM, LLC 16 6.11% $9,266
PULTE MORTGAGE LLC 14 5.97% $5,620
NAVY FEDERAL CREDIT UNION 14 5.92% $8,372
MOVEMENT MORTGAGE, LLC 9 6.47% $10,589
FREEDOM MORTGAGE CORPORATION 8 6.64% $15,533
NEW DAY FINANCIAL, LLC 8 7.95% $13,215
GUARANTEED RATE, INC. 7 6.29% $11,759
USAA Federal Savings Bank 7 6.55% $7,966
THE MORTGAGE FIRM, INC. 7 7.25% $10,002
FBC MORTGAGE, LLC 6 6.19% $7,966
NVR Mortgage Finance, Inc. 6 5.25% $7,710
PENNYMAC LOAN SERVICES, LLC 5 5.93% $11,032
The Federal Savings Bank 5 6.48% $16,977
Flagstar Bank, FSB 4 6.59% $5,676
Mr. Cooper ( Nationstar Mortgage ) 4 5.91% $20,128
Mid-Continent Funding, Inc. 4 6.31% $10,719
Wells Fargo Bank 4 5.59% $8,197
PLANET HOME LENDING, LLC 4 4.72% $7,817
EMBRACE HOME LOANS, INC. 4 6.31% $14,109
NEWREZ LLC 4 6.13% $12,480
CARDINAL FINANCIAL 3 5.75% $19,537
CHURCHILL MORTGAGE CORPORATION 3 6.17% $14,968
PENTAGON FEDERAL CREDIT UNION 3 5.54% $11,578
UNION HOME MORTGAGE CORP. 3 6.96% $7,645
AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.75% $14,141
JPMorgan Chase Bank 3 6.37% $12,457
NEAL COMMUNITIES FUNDING, LLC 3 6.71% $5,102
VILLAGE CAPITAL MORTGAGE 3 6.59% $21,433
AMERICAN FINANCIAL NETWORK, INC. 3 6.54% $16,930
HOMESIDE FINANCIAL, LLC 2 6.94% $14,144
EVERETT FINANCIAL, INC. 2 6.81% $16,534
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.06% $16,922
CROSSCOUNTRY MORTGAGE, LLC 2 6.50% $17,532
BROKER SOLUTIONS, INC. 2 6.25% $5,819
Bell Bank 2 6.25% $3,590
Waterstone Mortgage Corporation 2 6.31% $12,283
Plains Commerce Bank 2 5.75% $6,248
Bank of England 2 6.69% $8,219
GENEVA FINANCIAL, LLC 2 5.81% $25,683
INSPIRE HOME LOANS INC. 2 6.63% $4,149
TJC Mortgage, Inc. 2 6.31% $19,084
Ixonia Bank 2 6.31% $27,600
Barrington Bank & Trust Company, N.A. 2 6.63% $12,645
Regions Bank 2 5.88% $8,455
Northpointe Bank 1 7.25% $13,933
ACADEMY MORTGAGE CORPORATION 1 6.75% $6,734
AMERISAVE MORTGAGE CORPORATION 1 5.00% $13,822
Ameris Bank 1 5.75% $6,949
BAY EQUITY LLC 1 5.75% $6,702
Blue Ridge Bank 1 6.75% $6,460
ENVOY MORTGAGE, LTD 1 6.25% $11,421
Equity Prime Mortgage LLC 1 6.75% $3,084
FAIRWAY FUNDING GROUP, INC. 1 6.25% $7,216
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.00% $14,487
GARDNER FINANCIAL SERVICES, LTD. 1 6.75% $13,895
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $12,885
GUARANTEED RATE AFFINITY, LLC 1 7.63% $7,323
GVC MORTGAGE, INC. 1 6.25% $12,455
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $13,003
HOMESTEAD FUNDING CORP. 1 6.25% $12,160
Keystone Funding, Inc. 1 6.75% $20,299
LAND HOME FINANCIAL SERVICES, INC. 1 6.50% $12,284
Meridian Bank Corporation 1 6.63% $11,853
MICHIGAN MUTUAL, INC. 1 6.63% $25,303
M/I FINANCIAL, LLC 1 6.50% $17,899
MORIA DEVELOPMENT, INC. 1 6.63% $9,937
MORTGAGE 1 INCORPORATED 1 7.13% $250
NBKC BANK 1 6.13% $3,971
1ST SIGNATURE LENDING, LLC 1 6.88% $6,701
ON Q FINANCIAL, INC. 1 7.25% $16,559
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.13% $24,995
Paramount Residential Mortgage Group, Inc. 1 5.25% $28,315
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.88% $15,180
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.63% $10,876
RELIANCE FIRST CAPITAL, LLC 1 5.63% $13,086
ROSS MORTGAGE CORPORATION 1 5.63% $8,617
Sierra Pacific Mortgage Company, Inc. 1 6.50% $13,558
STOCKTON MORTGAGE CORPORATION 1 6.25% $9,975
Strong Home Mortgage, LLC 1 6.00% $6,682
The Loan Store, Inc. 1 5.63% $12,179
THE MORTGAGE WAREHOUSE,LLC 1 7.13% $8,243
TOWNE MORTGAGE COMPANY 1 6.13% $8,617
U.S. Bank 1 6.25% $18,292
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.00% $452
VAN DYK MORTGAGE CORPORATION 1 6.88% $7,267
VERITAS FUNDING, LLC 1 6.25% $25,761

The top Punta Gorda VA lender as defined by loan originations is Mortgage Research Center, LLC, with 60 VA loans originated. Their average total fees are $8,306, which is $2,438 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Punta Gorda VA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($5,620), DHI MORTGAGE COMPANY, LTD. ($6,537), Mortgage Research Center, LLC ($8,306), NAVY FEDERAL CREDIT UNION ($8,372) and EAGLE HOME MORTGAGE, LLC ($8,687).

The lowest rate Punta Gorda VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.70%), EAGLE HOME MORTGAGE, LLC (5.78%), NAVY FEDERAL CREDIT UNION (5.92%), PULTE MORTGAGE LLC (5.97%) and LOANDEPOT.COM, LLC (6.11%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Punta Gorda (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 $274,900 (1.8%) $364,771 (-2.4%) 1.02 2,207
2018-02-01 $274,950 (2.1%) $366,572 (-0.4%) 1.00 2,254
2018-03-01 $275,000 (3.6%) $366,004 (0.2%) 0.96 2,256
2018-04-01 $269,950 (1.5%) $366,584 (0.5%) 0.92 2,186
2018-05-01 $269,950 (2.8%) $365,442 (0.9%) 0.90 2,074
2018-06-01 $274,900 (4.1%) $373,399 (4.4%) 0.92 1,937
2018-07-01 $271,790 (2.6%) $368,957 (3.8%) 0.91 1,859
2018-08-01 $269,949 (1.8%) $361,520 (2.0%) 0.90 1,811
2018-09-01 $269,000 (1.6%) $354,561 (1.0%) 0.90 1,788
2018-10-01 $274,925 (3.0%) $363,862 (4.7%) 0.93 1,880
2018-11-01 $279,250 (2.9%) $367,202 (3.2%) 0.95 2,114
2018-12-01 $279,900 (3.7%) $373,128 (2.6%) 0.97 2,309
2019-01-01 $280,000 (1.9%) $375,992 (3.1%) 0.97 2,441
2019-02-01 $279,950 (1.8%) $374,421 (2.1%) 0.95 2,606
2019-03-01 $277,857 (1.0%) $369,580 (1.0%) 0.91 2,572
2019-04-01 $275,000 (1.9%) $365,321 (-0.3%) 0.87 2,483
2019-05-01 $275,000 (1.9%) $363,976 (-0.4%) 0.86 2,290
2019-06-01 $274,900 (0.0%) $364,221 (-2.5%) 0.86 2,092
2019-07-01 $275,000 (1.2%) $366,634 (-0.6%) 0.86 1,926
2019-08-01 $277,483 (2.8%) $368,239 (1.9%) 0.88 1,891
2019-09-01 $278,336 (3.5%) $369,772 (4.3%) 0.89 1,882
2019-10-01 $279,000 (1.5%) $371,357 (2.1%) 0.90 1,894
2019-11-01 $279,900 (0.2%) $375,497 (2.3%) 0.92 1,990
2019-12-01 $290,000 (3.6%) $389,105 (4.3%) 0.97 2,010
2020-01-01 $290,000 (3.6%) $389,008 (3.5%) 0.97 2,019
2020-02-01 $289,900 (3.6%) $390,180 (4.2%) 0.95 2,016
2020-03-01 $285,875 (2.9%) $388,584 (5.1%) 0.90 2,006
2020-04-01 $282,895 (2.9%) $380,851 (4.3%) 0.89 2,028
2020-05-01 $285,000 (3.6%) $384,848 (5.7%) 0.87 1,932
2020-06-01 $284,500 (3.5%) $391,462 (7.5%) 0.84 1,713
2020-07-01 $281,300 (2.3%) $392,088 (6.9%) 0.82 1,513
2020-08-01 $284,000 (2.4%) $392,083 (6.5%) 0.81 1,409
2020-09-01 $279,475 (0.4%) $395,707 (7.0%) 0.80 1,343
2020-10-01 $276,035 (-1.1%) $401,673 (8.2%) 0.79 1,298
2020-11-01 $278,700 (-0.4%) $412,786 (9.9%) 0.81 1,253
2020-12-01 $289,675 (-0.1%) $422,570 (8.6%) 0.86 1,165
2021-01-01 $294,900 (1.7%) $451,789 (16.1%) 0.88 1,003
2021-02-01 $297,948 (2.8%) $459,840 (17.9%) 0.87 798
2021-03-01 $300,000 (4.9%) $462,255 (19.0%) 0.85 615
2021-04-01 $322,425 (14.0%) $489,867 (28.6%) 0.87 522
2021-05-01 $324,900 (14.0%) $476,577 (23.8%) 0.86 537
2021-06-01 $337,500 (18.6%) $488,708 (24.8%) 0.89 535
2021-07-01 $355,900 (26.5%) $509,041 (29.8%) 0.94 583
2021-08-01 $370,000 (30.3%) $523,803 (33.6%) 0.99 623
2021-09-01 $374,950 (34.2%) $528,588 (33.6%) 1.00 641
2021-10-01 $379,900 (37.6%) $545,744 (35.9%) 1.01 649
2021-11-01 $399,225 (43.3%) $599,207 (45.2%) 1.07 609
2021-12-01 $395,463 (36.5%) $595,410 (40.9%) 1.07 639
2022-01-01 $391,527 (32.8%) $587,603 (30.1%) 1.06 534
2022-02-01 $422,500 (41.8%) $623,182 (35.5%) 1.10 530
2022-03-01 $430,227 (43.4%) $630,148 (36.3%) 1.08 555
2022-04-01 $435,699 (35.1%) $627,310 (28.1%) 1.04 659
2022-05-01 $454,500 (39.9%) $625,924 (31.3%) 1.04 849
2022-06-01 $457,625 (35.6%) $621,058 (27.1%) 1.02 1,019
2022-07-01 $449,900 (26.4%) $603,564 (18.6%) 1.01 1,165
2022-08-01 $448,068 (21.1%) $565,689 (8.0%) 1.04 1,264
2022-09-01 $449,396 (19.9%) $565,559 (7.0%) 1.05 1,291
2022-10-01 $449,900 (18.4%) $571,322 (4.7%) 1.06 1,158
2022-11-01 $441,500 (10.6%) $560,292 (-6.5%) 1.06 1,171
2022-12-01 $426,050 (7.7%) $556,437 (-6.6%) 1.05 1,189
2023-01-01 $429,000 (9.6%) $561,564 (-4.4%) 1.06 1,290
2023-02-01 $437,450 (3.5%) $583,740 (-6.3%) 1.06 1,397
2023-03-01 $438,850 (2.0%) $575,524 (-8.7%) 1.04 1,583
2023-04-01 $430,410 (-1.2%) $569,089 (-9.3%) 1.00 1,767
2023-05-01 $432,475 (-4.9%) $573,269 (-8.4%) 0.98 1,813
2023-06-01 $434,975 (-5.0%) $567,375 (-8.6%) 0.98 1,919
2023-07-01 $429,000 (-4.7%) $554,172 (-8.2%) 0.98 2,004
2023-08-01 $426,523 (-4.8%) $542,444 (-4.1%) 0.98 2,037
2023-09-01 $429,000 (-4.5%) $537,217 (-5.0%) 1.00 2,203
2023-10-01 $431,788 (-4.0%) $546,044 (-4.4%) 1.02 2,419
2023-11-01 $429,900 (-2.6%) $551,449 (-1.6%) 1.02 2,687
2023-12-01 $427,500 (0.3%) $553,021 (-0.6%) 1.04 2,987
2024-01-01 $425,000 (-0.9%) $558,551 (-0.5%) 1.04 3,216
2024-02-01 $425,000 (-2.9%) $558,029 (-4.4%) 1.02 3,502
2024-03-01 $419,000 (-4.5%) $547,362 (-4.9%) 0.99 3,636
2024-04-01 $415,088 (-3.6%) $535,672 (-5.9%) 0.97 3,673
2024-05-01 $413,500 (-4.4%) $535,170 (-6.7%) 0.93 3,677
Punta Gorda's median listing price for 2024-05-01 was $413,500, a difference of $-18,975 (-4.4%) versus the prior year and $-1,588 versus the prior month.

Punta Gorda's median listing price comes in at 93% of the national average.

Punta Gorda's average listing price for 2024-05-01 was $535,170, a difference of $-38,099 (-6.7%) versus the prior year and $-502 versus the prior month.

For the 2024-05-01 period, Punta Gorda had 3,677 MLS listings, a difference of 4 listings (0%) versus the prior month and 1,864 listings (103%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Punta Gorda (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 69 days 1,800 sqft
2018-02-01 68 days 1,790 sqft
2018-03-01 66 days 1,787 sqft
2018-04-01 71 days 1,777 sqft
2018-05-01 74 days 1,759 sqft
2018-06-01 85 days 1,768 sqft
2018-07-01 87 days 1,782 sqft
2018-08-01 86 days 1,758 sqft
2018-09-01 86 days 1,756 sqft
2018-10-01 84 days 1,764 sqft
2018-11-01 65 days 1,760 sqft
2018-12-01 66 days 1,767 sqft
2019-01-01 73 days 1,771 sqft
2019-02-01 72 days 1,756 sqft
2019-03-01 72 days 1,745 sqft
2019-04-01 74 days 1,729 sqft
2019-05-01 81 days 1,723 sqft
2019-06-01 89 days 1,723 sqft
2019-07-01 93 days 1,731 sqft
2019-08-01 92 days 1,754 sqft
2019-09-01 90 days 1,754 sqft
2019-10-01 86 days 1,754 sqft
2019-11-01 71 days 1,766 sqft
2019-12-01 73 days 1,788 sqft
2020-01-01 78 days 1,779 sqft
2020-02-01 73 days 1,770 sqft
2020-03-01 66 days 1,760 sqft
2020-04-01 70 days 1,742 sqft
2020-05-01 78 days 1,731 sqft
2020-06-01 90 days 1,694 sqft
2020-07-01 89 days 1,698 sqft
2020-08-01 74 days 1,692 sqft
2020-09-01 72 days 1,715 sqft
2020-10-01 61 days 1,685 sqft
2020-11-01 61 days 1,692 sqft
2020-12-01 66 days 1,691 sqft
2021-01-01 70 days 1,693 sqft
2021-02-01 59 days 1,686 sqft
2021-03-01 44 days 1,667 sqft
2021-04-01 43 days 1,678 sqft
2021-05-01 38 days 1,685 sqft
2021-06-01 38 days 1,686 sqft
2021-07-01 37 days 1,685 sqft
2021-08-01 41 days 1,708 sqft
2021-09-01 43 days 1,691 sqft
2021-10-01 46 days 1,710 sqft
2021-11-01 46 days 1,738 sqft
2021-12-01 54 days 1,733 sqft
2022-01-01 49 days 1,715 sqft
2022-02-01 37 days 1,755 sqft
2022-03-01 37 days 1,728 sqft
2022-04-01 34 days 1,697 sqft
2022-05-01 35 days 1,738 sqft
2022-06-01 39 days 1,714 sqft
2022-07-01 43 days 1,729 sqft
2022-08-01 48 days 1,737 sqft
2022-09-01 52 days 1,753 sqft
2022-10-01 73 days 1,776 sqft
2022-11-01 75 days 1,783 sqft
2022-12-01 79 days 1,745 sqft
2023-01-01 68 days 1,737 sqft
2023-02-01 49 days 1,746 sqft
2023-03-01 45 days 1,729 sqft
2023-04-01 47 days 1,726 sqft
2023-05-01 57 days 1,728 sqft
2023-06-01 62 days 1,714 sqft
2023-07-01 66 days 1,704 sqft
2023-08-01 66 days 1,713 sqft
2023-09-01 71 days 1,720 sqft
2023-10-01 71 days 1,717 sqft
2023-11-01 64 days 1,720 sqft
2023-12-01 67 days 1,713 sqft
2024-01-01 78 days 1,717 sqft
2024-02-01 75 days 1,712 sqft
2024-03-01 69 days 1,700 sqft
2024-04-01 73 days 1,700 sqft
2024-05-01 76 days 1,705 sqft
Punta Gorda's median listing age (time on market) for 2024-05-01 was 76 days. This is 34% longer than the same period one year ago.

Punta Gorda's median square footage for active listings during the 2024-05-01 period was 1,705 sqft. One year prior, the average listing was 1,728 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.