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 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 6.7% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

    Punta Gorda's average VA mortgage closing costs are $5,566.

    The average rate for the prior week (2022-11-25) was 6.64% and one month ago for the week of 2022-10-28, the average rate was 7.03%.

    The average rate one year ago was 3.61%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.19%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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 MORTGAGE 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 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 MORTGAGE ($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 MORTGAGE (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 $274,900 (1.8%) $364,771 (-2.4%) 1.02 2,207
    2018-02-01 $274,950 (2.1%) $366,548 (-0.4%) 1.00 2,255
    2018-03-01 $275,000 (3.6%) $366,046 (0.2%) 0.96 2,256
    2018-04-01 $269,950 (1.5%) $366,583 (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%) $374,308 (2.1%) 0.95 2,606
    2019-03-01 $277,857 (1.0%) $369,467 (0.9%) 0.91 2,573
    2019-04-01 $275,000 (1.9%) $365,206 (-0.4%) 0.87 2,485
    2019-05-01 $275,000 (1.9%) $363,768 (-0.5%) 0.86 2,292
    2019-06-01 $274,900 (0.0%) $363,978 (-2.5%) 0.86 2,094
    2019-07-01 $275,000 (1.2%) $366,425 (-0.7%) 0.86 1,929
    2019-08-01 $276,091 (2.3%) $368,011 (1.8%) 0.87 1,893
    2019-09-01 $277,727 (3.2%) $369,525 (4.2%) 0.89 1,884
    2019-10-01 $279,000 (1.5%) $371,097 (2.0%) 0.90 1,894
    2019-11-01 $279,900 (0.2%) $375,204 (2.2%) 0.92 1,991
    2019-12-01 $290,000 (3.6%) $388,958 (4.2%) 0.97 2,012
    2020-01-01 $289,975 (3.6%) $388,859 (3.4%) 0.97 2,021
    2020-02-01 $289,900 (3.6%) $390,025 (4.2%) 0.95 2,018
    2020-03-01 $286,000 (2.9%) $388,438 (5.1%) 0.90 2,009
    2020-04-01 $282,598 (2.8%) $380,672 (4.2%) 0.88 2,031
    2020-05-01 $285,000 (3.6%) $384,698 (5.8%) 0.87 1,935
    2020-06-01 $283,923 (3.3%) $391,188 (7.5%) 0.84 1,716
    2020-07-01 $280,950 (2.2%) $391,736 (6.9%) 0.81 1,515
    2020-08-01 $283,395 (2.7%) $391,712 (6.4%) 0.81 1,411
    2020-09-01 $279,250 (0.6%) $395,359 (7.0%) 0.80 1,346
    2020-10-01 $275,479 (-1.3%) $401,298 (8.1%) 0.79 1,301
    2020-11-01 $278,925 (-0.4%) $412,584 (10.0%) 0.81 1,254
    2020-12-01 $289,675 (-0.1%) $422,485 (8.6%) 0.86 1,165
    2021-01-01 $294,900 (1.7%) $451,715 (16.2%) 0.88 1,004
    2021-02-01 $297,948 (2.8%) $459,757 (17.9%) 0.87 799
    2021-03-01 $300,000 (4.9%) $461,969 (18.9%) 0.85 616
    2021-04-01 $322,425 (14.1%) $489,550 (28.6%) 0.87 523
    2021-05-01 $324,900 (14.0%) $472,945 (22.9%) 0.86 537
    2021-06-01 $337,475 (18.9%) $488,079 (24.8%) 0.89 536
    2021-07-01 $355,900 (26.7%) $509,169 (30.0%) 0.94 583
    2021-08-01 $370,000 (30.6%) $523,667 (33.7%) 0.99 623
    2021-09-01 $374,843 (34.2%) $527,457 (33.4%) 1.00 642
    2021-10-01 $379,450 (37.7%) $545,175 (35.9%) 1.01 650
    2021-11-01 $399,225 (43.1%) $598,886 (45.2%) 1.07 611
    2021-12-01 $395,277 (36.5%) $594,999 (40.8%) 1.07 641
    2022-01-01 $391,527 (32.8%) $586,953 (29.9%) 1.06 536
    2022-02-01 $422,500 (41.8%) $622,578 (35.4%) 1.10 532
    2022-03-01 $430,975 (43.7%) $629,048 (36.2%) 1.08 558
    2022-04-01 $435,647 (35.1%) $626,382 (28.0%) 1.04 662
    2022-05-01 $453,750 (39.7%) $625,817 (32.3%) 1.04 852
    2022-06-01 $456,750 (35.3%) $620,506 (27.1%) 1.02 1,022
    2022-07-01 $449,990 (26.4%) $603,451 (18.5%) 1.02 1,168
    2022-08-01 $448,135 (21.1%) $565,501 (8.0%) 1.04 1,267
    2022-09-01 $449,661 (20.0%) $565,824 (7.3%) 1.05 1,293
    2022-10-01 $449,900 (18.6%) $571,370 (4.8%) 1.06 1,161
    2022-11-01 $441,654 (10.6%) $560,276 (-6.5%) 1.06 1,174
    Punta Gorda's median listing price for 2022-11-01 was $441,654, a difference of $42,429 (10.6%) versus the prior year and $-8,246 versus the prior month.

    Punta Gorda's median listing price comes in at 106% of the national average.

    Punta Gorda's average listing price for 2022-11-01 was $560,276, a difference of $-38,610 (-6.5%) versus the prior year and $-11,094 versus the prior month.

    For the 2022-11-01 period, Punta Gorda had 1,174 MLS listings, a difference of 13 listings (1%) versus the prior month and 563 listings (92%) 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 1,800 sqft
    2018-02-01 74 days 1,790 sqft
    2018-03-01 72 days 1,786 sqft
    2018-04-01 76 days 1,777 sqft
    2018-05-01 81 days 1,758 sqft
    2018-06-01 93 days 1,768 sqft
    2018-07-01 95 days 1,781 sqft
    2018-08-01 95 days 1,758 sqft
    2018-09-01 95 days 1,756 sqft
    2018-10-01 93 days 1,763 sqft
    2018-11-01 73 days 1,760 sqft
    2018-12-01 73 days 1,767 sqft
    2019-01-01 80 days 1,771 sqft
    2019-02-01 78 days 1,756 sqft
    2019-03-01 78 days 1,745 sqft
    2019-04-01 80 days 1,729 sqft
    2019-05-01 90 days 1,723 sqft
    2019-06-01 97 days 1,723 sqft
    2019-07-01 101 days 1,730 sqft
    2019-08-01 100 days 1,754 sqft
    2019-09-01 97 days 1,753 sqft
    2019-10-01 95 days 1,754 sqft
    2019-11-01 78 days 1,766 sqft
    2019-12-01 79 days 1,788 sqft
    2020-01-01 84 days 1,779 sqft
    2020-02-01 81 days 1,770 sqft
    2020-03-01 75 days 1,760 sqft
    2020-04-01 76 days 1,742 sqft
    2020-05-01 86 days 1,732 sqft
    2020-06-01 96 days 1,695 sqft
    2020-07-01 99 days 1,699 sqft
    2020-08-01 84 days 1,696 sqft
    2020-09-01 80 days 1,716 sqft
    2020-10-01 67 days 1,685 sqft
    2020-11-01 66 days 1,693 sqft
    2020-12-01 71 days 1,693 sqft
    2021-01-01 77 days 1,693 sqft
    2021-02-01 68 days 1,686 sqft
    2021-03-01 50 days 1,669 sqft
    2021-04-01 47 days 1,678 sqft
    2021-05-01 42 days 1,685 sqft
    2021-06-01 43 days 1,686 sqft
    2021-07-01 41 days 1,686 sqft
    2021-08-01 44 days 1,708 sqft
    2021-09-01 45 days 1,692 sqft
    2021-10-01 49 days 1,711 sqft
    2021-11-01 48 days 1,741 sqft
    2021-12-01 58 days 1,735 sqft
    2022-01-01 53 days 1,717 sqft
    2022-02-01 40 days 1,757 sqft
    2022-03-01 38 days 1,733 sqft
    2022-04-01 35 days 1,697 sqft
    2022-05-01 36 days 1,747 sqft
    2022-06-01 40 days 1,717 sqft
    2022-07-01 43 days 1,729 sqft
    2022-08-01 48 days 1,739 sqft
    2022-09-01 54 days 1,752 sqft
    2022-10-01 74 days 1,776 sqft
    2022-11-01 78 days 1,784 sqft
    Punta Gorda's median listing age (time on market) for 2022-11-01 was 78 days. This is 63% longer than the same period one year ago.

    Punta Gorda's median square footage for active listings during the 2022-11-01 period was 1,784 sqft. One year prior, the average listing was 1,741 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.