Punta Gorda VA Loans

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 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.