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 114 lenders originated 637 VA loans during 2022. The total origination value was $220,655,000, with an average VA loan value of $346,397.

Punta Gorda VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Punta Gorda averaged -0.03% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Punta Gorda's average VA mortgage closing costs are $6,250.

The average rate for the prior week (2024-02-16) was 6.25% and one month ago for the week of 2024-01-19, the average rate was 6.1%.

The average rate one year ago was 5.72%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.11%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 80 4.89% $10,117
QUICKEN LOANS, LLC 62 4.07% $12,229
UNITED WHOLESALE MORTGAGE, LLC 51 3.73% $11,350
FREEDOM MORTGAGE CORPORATION 41 4.14% $13,579
NEW DAY FINANCIAL, LLC 24 4.27% $12,261
LOANDEPOT.COM, LLC 21 3.86% $10,577
NAVY FEDERAL CREDIT UNION 20 3.55% $7,388
EAGLE HOME MORTGAGE, LLC 20 4.48% $9,648
PENNYMAC LOAN SERVICES, LLC 17 3.53% $10,196
CALIBER HOME LOANS, INC. 10 4.20% $12,938
USAA Federal Savings Bank 9 4.40% $5,739
DHI MORTGAGE COMPANY, LTD. 9 3.93% $9,314
Mid-Continent Funding, Inc. 8 3.83% $10,533
Flagstar Bank, FSB 7 4.61% $11,954
The Federal Savings Bank 7 3.30% $18,787
PULTE MORTGAGE LLC 7 4.11% $8,594
MOVEMENT MORTGAGE, LLC 7 4.55% $8,134
GENEVA FINANCIAL, LLC 7 5.05% $11,687
HOME POINT FINANCIAL CORPORATION 7 5.00% $8,292
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 4.25% $9,747
AMERISAVE MORTGAGE CORPORATION 6 4.46% $17,381
CLEARPATH LENDING 6 3.41% $12,629
CROSSCOUNTRY MORTGAGE, LLC 6 5.86% $9,139
Mr. Cooper ( Nationstar Mortgage ) 5 3.30% $4,725
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 4.67% $8,123
CARDINAL FINANCIAL 5 4.45% $7,359
NEWREZ LLC 4 4.75% $12,743
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 5.50% $14,483
BROKER SOLUTIONS, INC. 4 4.78% $9,104
PLAZA HOME MORTGAGE, INC. 4 4.72% $13,242
THE MORTGAGE FIRM, INC. 4 4.06% $14,857
Wells Fargo Bank 3 5.04% $6,851
Barrington Bank & Trust Company, N.A. 3 4.80% $19,794
BAY EQUITY LLC 3 4.46% $7,902
CMG MORTGAGE, INC. 3 3.96% $5,233
FBC MORTGAGE, LLC 3 4.54% $10,653
FINANCE OF AMERICA MORTGAGE LLC 3 4.54% $12,509
LAKEVIEW LOAN SERVICING, LLC 3 3.75% $2,873
LAND HOME FINANCIAL SERVICES, INC. 3 3.88% $4,986
Mortgage Lenders Investment Trading Corporation 3 2.75% $5,431
MUTUAL OF OMAHA MORTGAGE, INC. 3 2.92% $7,091
NBKC BANK 3 3.71% $4,343
NETWORK CAPITAL FUNDING CORPORATION 3 5.58% $14,307
Paramount Residential Mortgage Group, Inc. 3 5.75% $12,797
PLANET HOME LENDING, LLC 3 4.29% $9,049
Sierra Pacific Mortgage Company, Inc. 3 5.50% $6,813
ACADEMY MORTGAGE CORPORATION 3 5.38% $7,036
PENTAGON FEDERAL CREDIT UNION 2 2.56% $13,690
Equity Prime Mortgage LLC 2 5.31% $7,154
VILLAGE CAPITAL MORTGAGE 2 3.44% $8,991
South State Bank 2 2.94% $7,731
Nations Lending Corporation 2 4.25% $10,269
Strong Home Mortgage, LLC 2 3.38% $7,552
SUCCESS MORTGAGE PARTNERS, INC. 2 4.88% $13,080
SUN WEST MORTGAGE COMPANY, INC. 2 5.50% $6,144
North American Savings Bank, F.S.B. 2 4.44% $16,201
Texana Bank 2 3.81% $9,127
Magnolia Bank 2 5.38% $8,025
DAS Acquisition Company, LLC 2 4.50% $15,879
First Horizon Bank 2 5.63% $9,923
FIRST CENTENNIAL MORTGAGE CORPORATION 2 5.06% $2,463
FAIRWAY FUNDING GROUP, INC. 2 4.00% $15,000
NVR Mortgage Finance, Inc. 2 5.25% $3,694
HOMESIDE FINANCIAL, LLC 2 4.50% $14,610
GERSHMAN INVESTMENT CORP. 2 5.44% $5,765
CONTOUR MORTGAGE CORPORATION 2 3.06% $11,940
MLB RESIDENTIAL LENDING, LLC 2 4.25% $5,291
GUARANTEED RATE, INC. 2 5.06% $9,982
Northpointe Bank 1 4.63% $4,613
NP, Inc. 1 5.13% $7,815
OCMBC, INC. 1 4.25% $6,157
AMERICAN ADVISORS GROUP 1 3.75% $10,453
BAYSHORE MORTGAGE FUNDING, LLC 1 5.88% $14,863
PHH Mortgage Corporation 1 4.88% $9,179
Bank of England 1 3.50% $6,154
PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.25% $6,554
Preston Home Loans Inc 1 5.99% $9,611
HAMILTON HOME LOANS, INC. 1 3.99% $19,733
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.25% $9,186
Prosperity Home Mortgage, LLC 1 5.62% $13,166
Bank of America 1 5.25% $5,498
Arvest Bank 1 2.75% $10,563
ROYAL UNITED MORTGAGE LLC 1 2.75% $19,366
Semper Home Loans, Inc. 1 3.25% $7,012
Waterstone Mortgage Corporation 1 3.00% $6,432
SOVEREIGN LENDING GROUP INCORPORATED 1 2.99% $19,024
TD Bank 1 3.38% $5,284
THE EQUITABLE MORTGAGE CORPORATION 1 4.25% $11,434
First Federal Bank 1 5.13% $7,603
Gateway First Bank 1 3.63% $5,188
EVERETT FINANCIAL, INC. 1 5.63% $11,476
GREAT WESTERN FINANCIAL SERVICES, INC. 1 5.50% $5,604
GUARANTEED RATE AFFINITY, LLC 1 4.93% $8,803
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.50% $16,144
EQUITY RESOURCES, INC. 1 3.75% $4,659
INSPIRE HOME LOANS INC. 1 5.13% $12,016
Lakeview Community Capital, LLC 1 4.25% $4,638
Ameris Bank 1 6.13% $6,039
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $6,935
Eagle Bank and Trust Company 1 5.50% $3,978
M/I FINANCIAL, LLC 1 2.63% $10,373
TJC Mortgage, Inc. 1 4.63% $10,827
Credence Funding Corporation 1 4.25% $19,100
COUNTRYPLACE MORTGAGE, LTD. 1 5.88% $12,846
Cornerstone First Mortgage, Inc 1 4.25% $15,665
M&T Bank 1 3.00% $6,530
Truist 1 4.10% $3,332
NATIONS RELIABLE LENDING, LLC 1 5.25% $7,970
Commerce Home Mortgage, Inc. 1 2.75% $4,848
Trustmark National Bank 1 6.13% $16,435
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $5,173
CBM Mortgage, Inc. 1 4.75% $6,450
Carrington Mortgage Services, LLC 1 4.50% $12,134
NFM, INC. 1 4.88% $11,718

The top Punta Gorda VA lender as defined by loan originations is Mortgage Research Center, LLC, with 80 VA loans originated. Their average total fees are $10,117, which is $2,112 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Punta Gorda VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($7,388), EAGLE HOME MORTGAGE, LLC ($9,648), Mortgage Research Center, LLC ($10,117), PENNYMAC LOAN SERVICES, LLC ($10,196) and LOANDEPOT.COM, LLC ($10,577).

The lowest rate Punta Gorda VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.53%), NAVY FEDERAL CREDIT UNION (3.55%), UNITED WHOLESALE MORTGAGE, LLC (3.73%), LOANDEPOT.COM, LLC (3.86%) and QUICKEN LOANS, LLC (4.07%).


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
Punta Gorda's median listing price for 2023-12-01 was $427,500, a difference of $1,450 (0.3%) versus the prior year and $-2,400 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 2023-12-01 was $553,021, a difference of $-3,416 (-0.6%) versus the prior year and $1,572 versus the prior month.

For the 2023-12-01 period, Punta Gorda had 2,987 MLS listings, a difference of 300 listings (11%) versus the prior month and 1,798 listings (151%) 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 89 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 1,716 sqft
2020-10-01 61 days 1,685 sqft
2020-11-01 61 days 1,692 sqft
2020-12-01 66 days 1,692 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 1,684 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 1,757 sqft
2022-03-01 37 days 1,730 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
Punta Gorda's median listing age (time on market) for 2023-12-01 was 67 days. This is -15% shorter than the same period one year ago.

Punta Gorda's median square footage for active listings during the 2023-12-01 period was 1,713 sqft. One year prior, the average listing was 1,745 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.