Punta Gorda VA Loans

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 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 139 lenders originated 1,317 VA loans during 2021. The total origination value was $362,655,000, with an average VA loan value of $275,364.

    Punta Gorda VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Punta Gorda averaged 5.75% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.56% and one month ago for the week of 2022-04-15, the average rate was 5.33%.

    The average rate one year ago was 3.42%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.24%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Punta Gorda level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 148 2.48% $5,734
    FREEDOM MORTGAGE CORPORATION 111 2.48% $3,498
    Mortgage Research Center, LLC 105 2.79% $6,226
    PENNYMAC LOAN SERVICES, LLC 65 2.42% $5,270
    NEW DAY FINANCIAL, LLC 52 2.72% $7,365
    CALIBER HOME LOANS, INC. 51 2.71% $4,561
    UNITED WHOLESALE MORTGAGE, LLC 43 2.68% $5,697
    LOANDEPOT.COM, LLC 35 2.63% $6,730
    HOME POINT FINANCIAL CORPORATION 28 2.46% $6,434
    NAVY FEDERAL CREDIT UNION 28 2.47% $4,534
    EAGLE HOME MORTGAGE, LLC 24 2.98% $6,990
    CLEARPATH LENDING 21 2.29% $3,381
    VILLAGE CAPITAL & INVESTMENT LLC 21 2.32% $3,038
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 19 3.03% $8,841
    USAA Federal Savings Bank 19 2.85% $5,651
    DHI MORTGAGE COMPANY, LTD. 18 2.77% $7,349
    LAKEVIEW LOAN SERVICING, LLC 17 2.54% $1,954
    FBC MORTGAGE, LLC 17 2.89% $5,702
    Barrington Bank & Trust Company, N.A. 16 2.71% $5,420
    The Federal Savings Bank 14 2.63% $6,798
    CROSSCOUNTRY MORTGAGE, LLC 13 3.02% $8,726
    THE MORTGAGE FIRM, INC. 11 3.06% $9,168
    AMERISAVE MORTGAGE CORPORATION 11 2.56% $9,504
    Mr. Cooper ( Nationstar Mortgage ) 10 2.81% $2,598
    GENEVA FINANCIAL, LLC 10 2.88% $11,370
    BROKER SOLUTIONS, INC. 9 2.40% $8,862
    Wells Fargo Bank 8 2.70% $3,407
    GUARANTEED RATE, INC. 8 2.83% $6,732
    MOVEMENT MORTGAGE, LLC 8 2.73% $5,668
    InterContinental Capital Group, Inc 8 2.42% $4,904
    INLANTA MORTGAGE, INC. 8 2.81% $6,493
    MUTUAL OF OMAHA MORTGAGE, INC. 7 2.82% $5,928
    NEWREZ LLC 7 2.75% $6,692
    North American Savings Bank, F.S.B. 7 2.39% $3,631
    LAND HOME FINANCIAL SERVICES, INC. 7 2.59% $5,241
    FINANCE OF AMERICA MORTGAGE LLC 7 3.13% $5,138
    SECURITYNATIONAL MORTGAGE COMPANY 6 3.27% $8,348
    GUARANTEED RATE AFFINITY, LLC 6 2.79% $5,772
    Mid-Continent Funding, Inc. 6 2.65% $6,156
    Flagstar Bank, FSB 6 2.60% $7,765
    HOMEBRIDGE FINANCIAL SERVICES, INC. 6 2.52% $6,739
    Paramount Residential Mortgage Group, Inc. 5 2.90% $3,852
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.15% $6,699
    Mortgage Lenders Investment Trading Corporation 5 2.75% $14,143
    Low VA Rates, LLC 5 2.40% $4,635
    TJC Mortgage, Inc. 5 2.48% $9,431
    Truist Bank 5 2.65% $4,332
    AMERIFIRST FINANCIAL CORPORATION 4 2.97% $4,620
    NP, Inc. 4 2.28% $6,825
    Carrington Mortgage Services, LLC 4 2.69% $6,262
    AMERICAN FINANCIAL NETWORK, INC. 4 2.53% $12,760
    PLAZA HOME MORTGAGE, INC. 4 2.75% $12,311
    Equity Prime Mortgage LLC 4 3.28% $3,286
    LOANPAL, LLC 4 2.47% $3,007
    PENTAGON FEDERAL CREDIT UNION 4 2.47% $4
    ACADEMY MORTGAGE CORPORATION 3 3.00% $4,477
    BAY EQUITY LLC 3 2.71% $10,180
    First Federal Bank of Kansas City 3 2.46% $17,117
    KS StateBank 3 2.63% $10,597
    Lakeview Community Capital, LLC 3 2.46% $1,799
    Magnolia Bank 3 2.58% $12,521
    Nations Lending Corporation 3 2.71% $5,184
    NBKC BANK 3 2.38% $5,856
    OCMBC, INC. 3 2.67% $8,463
    Paramount Bank 3 2.54% $14,942
    PLANET HOME LENDING, LLC 3 2.50% $2,912
    PULTE MORTGAGE LLC 3 2.67% $12,933
    SUN WEST MORTGAGE COMPANY, INC. 3 2.46% $10,501
    SOVEREIGN LENDING GROUP INCORPORATED 2 2.63% $3,861
    First Guaranty Mortgage Corporation 2 2.69% $8,646
    ACCELERATE MORTGAGE, LLC 2 2.25% $13,545
    NETWORK CAPITAL FUNDING CORPORATION 2 2.56% $2,862
    AmeriHome Mortgage Company, LLC 2 2.75% $2,942
    CONTOUR MORTGAGE CORPORATION 2 2.25% $9,927
    Commerce Home Mortgage, Inc. 2 2.25% $5,279
    CMG MORTGAGE, INC. 2 3.44% $13,628
    NTFN, INC. 2 2.44% $3,080
    VAN DYK MORTGAGE CORPORATION 2 2.94% $4,092
    First Option Mortgage, LLC 2 2.56% $2,803
    EMBRACE HOME LOANS, INC. 2 3.50% $10,684
    LENDUS, LLC 2 3.38% $5,340
    First Federal Bank 2 2.75% $8,454
    FIRST CENTENNIAL MORTGAGE CORPORATION 2 2.38% $1,565
    CELEBRITY HOME LOANS, LLC 2 2.44% $1,220
    South State Bank 2 3.00% $19,378
    American Mortgage Bank, LLC 1 2.25% $809
    COUNTRYPLACE MORTGAGE, LTD. 1 3.25% $8,281
    OVM FINANCIAL, INC. 1 3.88% $16,325
    Pacor Mortgage Corp 1 2.25% $23,144
    AMERICAN ADVISORS GROUP 1 2.75% $1,947
    Christensen Financial, Inc. 1 2.25% $5,414
    CHERRY CREEK MORTGAGE, LLC 1 2.25% $818
    Plains Commerce Bank 1 2.38% $16,367
    CBM Mortgage, Inc. 1 2.88% $5,688
    POLARIS HOME FUNDING CORP. 1 2.38% $3,870
    Premium Mortgage Corporation 1 2.38% $3,532
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.88% $15,451
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $4,508
    Prosperity Home Mortgage, LLC 1 2.88% $7,939
    Wyndham Capital Mortgage, Inc. 1 2.50% $1,367
    Capital Bank 1 2.38% $3,109
    Regions Bank 1 3.63% $3,735
    ROSS MORTGAGE CORPORATION 1 3.25% $2,915
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.75% $2,676
    CANOPY MORTGAGE, LLC 1 2.63% $3,201
    Servion, Inc. 1 2.75% $2,875
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $5,104
    ZILLOW HOME LOANS, LLC 1 3.00% $4,201
    BNC National Bank 1 2.63% $3,106
    Bank of England 1 2.38% $17,516
    The Union Bank Company 1 2.50% $13,509
    ANGEL OAK HOME LOANS LLC 1 2.63% $1,721
    HAMILTON HOME LOANS, INC. 1 3.25% $4,297
    Florida Capital Bank 1 2.50% $3,836
    HOMESTEAD FUNDING CORP. 1 2.25% $12,526
    FLAT BRANCH MORTGAGE, INC. 1 3.38% $3,698
    INTERCAP LENDING INC. 1 2.75% $10,639
    INTERCOASTAL MORTGAGE COMPANY 1 2.63% $5,898
    Flanagan State Bank 1 2.25% $416
    Ixonia Bank 1 2.75% $8,618
    KELLER MORTGAGE, LLC 1 2.88% $4,961
    Ameris Bank 1 2.38% $4,297
    Town & Country Banc Mortgage Services, Inc. 1 2.88% $16,614
    FIRST STATE MORTGAGE SERVICES, LLC 1 2.75% $13,182
    LEGEND LENDING CORPORATION 1 2.99% $8,300
    First National Bank Texas 1 2.75% $7,067
    First Horizon Bank 1 2.63% $7,819
    METROPLEX MORTGAGE SERVICES, INC. 1 2.25% $6,129
    MID AMERICA MORTGAGE, INC. 1 2.99% $8,300
    First Financial Bank 1 2.88% $8,264
    M/I FINANCIAL, LLC 1 2.63% $4,954
    MILEND, INC. 1 3.63% $8,148
    MORTGAGE 1 INCORPORATED 1 2.99% $4,652
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.75% $2,879
    Fifth Third Bank 1 2.88% $5,871
    EQUITY RESOURCES, INC. 1 2.75% $2,952
    UNIVERSITY LENDING GROUP, LLC 1 4.50% $15,047
    NATIONS RELIABLE LENDING, LLC 1 2.75% $5,106
    DAS Acquisition Company, LLC 1 2.88% $4,479

    The top Punta Gorda VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 148 VA loans originated. Their average total fees are $5,734, which is $2,236 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Punta Gorda VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($1,954), Mr. Cooper ( Nationstar Mortgage ) ($2,598), VILLAGE CAPITAL & INVESTMENT LLC ($3,038), CLEARPATH LENDING ($3,381) and FREEDOM MORTGAGE CORPORATION ($3,498).

    The lowest rate Punta Gorda VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.29%), VILLAGE CAPITAL & INVESTMENT LLC (2.32%), PENNYMAC LOAN SERVICES, LLC (2.42%), HOME POINT FINANCIAL CORPORATION (2.46%) and NAVY FEDERAL CREDIT UNION (2.47%).

    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 $270,000 (0.2%) $342,949 (-0.2%) 0.99 2,269
    2018-02-01 $273,700 (2.5%) $340,281 (0.1%) 0.99 2,323
    2018-03-01 $272,095 (2.7%) $340,328 (0.5%) 0.94 2,333
    2018-04-01 $269,900 (1.9%) $340,738 (0.2%) 0.91 2,248
    2018-05-01 $269,950 (3.8%) $344,777 (1.4%) 0.90 2,137
    2018-06-01 $274,900 (5.7%) $351,148 (3.7%) 0.92 1,969
    2018-07-01 $274,700 (4.1%) $349,578 (3.4%) 0.92 1,922
    2018-08-01 $271,000 (3.5%) $346,239 (1.8%) 0.91 1,879
    2018-09-01 $269,900 (1.9%) $341,999 (1.3%) 0.90 1,851
    2018-10-01 $276,950 (3.9%) $348,263 (3.2%) 0.93 1,973
    2018-11-01 $279,500 (3.6%) $349,488 (2.7%) 0.94 2,208
    2018-12-01 $279,900 (3.7%) $351,194 (3.3%) 0.96 2,399
    2019-01-01 $279,900 (3.7%) $355,169 (3.6%) 0.97 2,508
    2019-02-01 $279,900 (2.3%) $359,378 (5.6%) 0.94 2,657
    2019-03-01 $277,800 (2.1%) $354,472 (4.2%) 0.91 2,621
    2019-04-01 $275,000 (1.9%) $348,734 (2.4%) 0.87 2,527
    2019-05-01 $275,000 (1.9%) $348,230 (1.0%) 0.85 2,345
    2019-06-01 $274,900 (0.0%) $347,117 (-1.2%) 0.85 2,150
    2019-07-01 $274,995 (0.1%) $350,650 (0.3%) 0.85 1,976
    2019-08-01 $275,000 (1.5%) $354,059 (2.3%) 0.87 1,887
    2019-09-01 $275,000 (1.9%) $354,862 (3.8%) 0.87 1,844
    2019-10-01 $279,450 (0.9%) $355,164 (2.0%) 0.89 1,955
    2019-11-01 $280,000 (0.2%) $355,701 (1.8%) 0.90 2,047
    2019-12-01 $289,700 (3.5%) $362,613 (3.3%) 0.97 2,083
    2020-01-01 $289,000 (3.3%) $359,954 (1.4%) 0.96 2,063
    2020-02-01 $287,835 (2.8%) $359,551 (0.1%) 0.93 2,042
    2020-03-01 $281,250 (1.2%) $355,908 (0.4%) 0.88 2,075
    2020-04-01 $278,864 (1.4%) $349,148 (0.1%) 0.87 2,129
    2020-05-01 $279,090 (1.5%) $352,969 (1.4%) 0.85 2,020
    2020-06-01 $279,700 (1.8%) $359,719 (3.6%) 0.82 1,800
    2020-07-01 $279,000 (1.5%) $358,770 (2.3%) 0.80 1,595
    2020-08-01 $279,900 (1.8%) $362,644 (2.4%) 0.80 1,502
    2020-09-01 $275,240 (0.1%) $363,208 (2.4%) 0.79 1,424
    2020-10-01 $275,000 (-1.6%) $365,531 (2.9%) 0.79 1,351
    2020-11-01 $274,509 (-2.0%) $373,960 (5.1%) 0.79 1,313
    2020-12-01 $287,250 (-0.9%) $384,559 (6.1%) 0.84 1,224
    2021-01-01 $289,600 (0.2%) $403,366 (12.1%) 0.85 1,032
    2021-02-01 $294,134 (2.2%) $412,606 (14.8%) 0.85 813
    2021-03-01 $300,948 (7.0%) $424,604 (19.3%) 0.84 626
    2021-04-01 $317,900 (14.0%) $456,821 (30.8%) 0.85 523
    2021-05-01 $324,900 (16.4%) $457,995 (29.8%) 0.86 541
    2021-06-01 $341,950 (22.3%) $471,129 (31.0%) 0.89 542
    2021-07-01 $357,900 (28.3%) $478,337 (33.3%) 0.93 588
    2021-08-01 $385,452 (37.7%) $520,617 (43.6%) 1.01 644
    2021-09-01 $384,450 (39.7%) $523,693 (44.2%) 1.01 672
    2021-10-01 $386,703 (40.6%) $529,949 (45.0%) 1.02 665
    2021-11-01 $399,999 (45.7%) $568,939 (52.1%) 1.05 640
    2021-12-01 $399,498 (39.1%) $576,704 (50.0%) 1.07 655
    2022-01-01 $399,500 (38.0%) $556,237 (37.9%) 1.07 546
    2022-02-01 $422,498 (43.6%) $564,259 (36.8%) 1.08 521
    2022-03-01 $430,000 (42.9%) $573,831 (35.1%) 1.06 551
    2022-04-01 $439,900 (38.4%) $574,449 (25.8%) 1.04 674
    Punta Gorda's median listing price for 2022-04-01 was $439,900, a difference of $122,000 (38.4%) versus the prior year and $9,900 versus the prior month.

    Punta Gorda's median listing price comes in at 104% of the national average.

    Punta Gorda's average listing price for 2022-04-01 was $574,449, a difference of $117,628 (25.8%) versus the prior year and $618 versus the prior month.

    For the 2022-04-01 period, Punta Gorda had 674 MLS listings, a difference of 123 listings (22%) versus the prior month and 151 listings (29%) 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 75 days 1,818 sqft
    2018-02-01 74 days 1,809 sqft
    2018-03-01 71 days 1,804 sqft
    2018-04-01 75 days 1,798 sqft
    2018-05-01 79 days 1,778 sqft
    2018-06-01 93 days 1,788 sqft
    2018-07-01 96 days 1,800 sqft
    2018-08-01 95 days 1,777 sqft
    2018-09-01 93 days 1,776 sqft
    2018-10-01 91 days 1,792 sqft
    2018-11-01 73 days 1,797 sqft
    2018-12-01 74 days 1,795 sqft
    2019-01-01 80 days 1,800 sqft
    2019-02-01 78 days 1,792 sqft
    2019-03-01 74 days 1,775 sqft
    2019-04-01 78 days 1,761 sqft
    2019-05-01 84 days 1,757 sqft
    2019-06-01 91 days 1,759 sqft
    2019-07-01 98 days 1,763 sqft
    2019-08-01 103 days 1,767 sqft
    2019-09-01 97 days 1,764 sqft
    2019-10-01 87 days 1,770 sqft
    2019-11-01 75 days 1,791 sqft
    2019-12-01 78 days 1,805 sqft
    2020-01-01 83 days 1,804 sqft
    2020-02-01 80 days 1,800 sqft
    2020-03-01 71 days 1,783 sqft
    2020-04-01 72 days 1,754 sqft
    2020-05-01 83 days 1,744 sqft
    2020-06-01 94 days 1,714 sqft
    2020-07-01 96 days 1,705 sqft
    2020-08-01 81 days 1,714 sqft
    2020-09-01 78 days 1,732 sqft
    2020-10-01 67 days 1,698 sqft
    2020-11-01 68 days 1,708 sqft
    2020-12-01 72 days 1,712 sqft
    2021-01-01 76 days 1,705 sqft
    2021-02-01 69 days 1,686 sqft
    2021-03-01 51 days 1,667 sqft
    2021-04-01 48 days 1,677 sqft
    2021-05-01 44 days 1,686 sqft
    2021-06-01 44 days 1,694 sqft
    2021-07-01 42 days 1,698 sqft
    2021-08-01 43 days 1,733 sqft
    2021-09-01 46 days 1,718 sqft
    2021-10-01 50 days 1,736 sqft
    2021-11-01 45 days 1,777 sqft
    2021-12-01 44 days 1,776 sqft
    2022-01-01 52 days 1,737 sqft
    2022-02-01 45 days 1,788 sqft
    2022-03-01 40 days 1,749 sqft
    2022-04-01 34 days 1,725 sqft
    Punta Gorda's median listing age (time on market) for 2022-04-01 was 34 days. This is -29% shorter than the same period one year ago.

    Punta Gorda's median square footage for active listings during the 2022-04-01 period was 1,725 sqft. One year prior, the average listing was 1,677 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.