Punta Gorda VA Loan Rates, Closing Costs & Stats

PUNTA GORDA, FL

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    • 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 6.79% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.52% and one month ago for the week of 2024-03-15, the average rate was 6.79%.

    The average rate one year ago was 6.08%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.56%.

    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
    Punta Gorda's median listing price for 2024-03-01 was $419,000, a difference of $-19,850 (-4.5%) versus the prior year and $-6,000 versus the prior month.

    Punta Gorda's median listing price comes in at 99% of the national average.

    Punta Gorda's average listing price for 2024-03-01 was $547,362, a difference of $-28,162 (-4.9%) versus the prior year and $-10,667 versus the prior month.

    For the 2024-03-01 period, Punta Gorda had 3,636 MLS listings, a difference of 134 listings (4%) versus the prior month and 2,053 listings (130%) 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 1,713 sqft
    2024-03-01 69 days 1,700 sqft
    Punta Gorda's median listing age (time on market) for 2024-03-01 was 69 days. This is 55% longer than the same period one year ago.

    Punta Gorda's median square footage for active listings during the 2024-03-01 period was 1,700 sqft. One year prior, the average listing was 1,729 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.