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 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 -0.43% for the week of 2023-06-02, 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 (2023-05-26) was 6.2% and one month ago for the week of 2023-04-28, the average rate was 5.66%.

    The average rate one year ago was 4.71%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.31%.

    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%) $366,069 (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%) $374,308 (2.1%) 0.95 2,606
    2019-03-01 $277,857 (1.0%) $369,467 (0.9%) 0.91 2,572
    2019-04-01 $275,000 (1.9%) $365,206 (-0.4%) 0.87 2,483
    2019-05-01 $275,000 (1.9%) $363,870 (-0.4%) 0.86 2,290
    2019-06-01 $274,900 (0.0%) $364,090 (-2.5%) 0.86 2,092
    2019-07-01 $275,000 (1.2%) $366,548 (-0.7%) 0.86 1,927
    2019-08-01 $276,091 (2.3%) $368,175 (1.8%) 0.87 1,891
    2019-09-01 $277,727 (3.2%) $369,744 (4.3%) 0.89 1,883
    2019-10-01 $279,000 (1.5%) $371,357 (2.1%) 0.90 1,893
    2019-11-01 $279,900 (0.2%) $375,462 (2.3%) 0.92 1,989
    2019-12-01 $290,000 (3.6%) $389,098 (4.3%) 0.97 2,011
    2020-01-01 $290,000 (3.6%) $389,001 (3.5%) 0.97 2,020
    2020-02-01 $289,900 (3.6%) $390,172 (4.2%) 0.95 2,017
    2020-03-01 $286,125 (3.0%) $388,578 (5.2%) 0.90 2,008
    2020-04-01 $282,898 (2.9%) $380,811 (4.3%) 0.89 2,030
    2020-05-01 $285,000 (3.6%) $384,758 (5.7%) 0.87 1,934
    2020-06-01 $284,500 (3.5%) $391,484 (7.5%) 0.84 1,717
    2020-07-01 $281,660 (2.4%) $392,060 (7.0%) 0.82 1,516
    2020-08-01 $284,000 (2.9%) $392,012 (6.5%) 0.81 1,411
    2020-09-01 $279,600 (0.7%) $395,644 (7.0%) 0.80 1,345
    2020-10-01 $276,035 (-1.1%) $401,581 (8.1%) 0.79 1,300
    2020-11-01 $278,938 (-0.3%) $412,817 (10.0%) 0.82 1,254
    2020-12-01 $289,675 (-0.1%) $422,575 (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 $322,450 (14.0%) $490,006 (28.7%) 0.87 522
    2021-05-01 $324,900 (14.0%) $476,577 (23.9%) 0.86 537
    2021-06-01 $337,500 (18.6%) $488,708 (24.8%) 0.89 535
    2021-07-01 $355,900 (26.4%) $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 (34.1%) $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 (43.1%) $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 (28.0%) 1.04 659
    2022-05-01 $454,475 (39.9%) $625,715 (31.3%) 1.04 849
    2022-06-01 $457,750 (35.6%) $621,104 (27.1%) 1.02 1,020
    2022-07-01 $449,900 (26.4%) $603,564 (18.6%) 1.01 1,165
    2022-08-01 $448,068 (21.1%) $565,749 (8.0%) 1.04 1,264
    2022-09-01 $449,444 (19.9%) $565,672 (7.0%) 1.05 1,290
    2022-10-01 $449,900 (18.4%) $571,322 (4.7%) 1.06 1,158
    2022-11-01 $440,875 (10.4%) $560,372 (-6.5%) 1.06 1,170
    2022-12-01 $425,000 (7.5%) $556,570 (-6.5%) 1.05 1,188
    2023-01-01 $429,000 (9.6%) $561,564 (-4.4%) 1.06 1,290
    2023-02-01 $437,450 (3.5%) $583,778 (-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 $432,450 (-4.9%) $573,213 (-8.4%) 0.98 1,811
    Punta Gorda's median listing price for 2023-05-01 was $432,450, a difference of $-22,025 (-4.9%) versus the prior year and $2,040 versus the prior month.

    Punta Gorda's median listing price comes in at 98% of the national average.

    Punta Gorda's average listing price for 2023-05-01 was $573,213, a difference of $-52,502 (-8.4%) versus the prior year and $4,124 versus the prior month.

    For the 2023-05-01 period, Punta Gorda had 1,811 MLS listings, a difference of 44 listings (2%) versus the prior month and 962 listings (113%) 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 1,768 sqft
    2019-12-01 73 days 1,789 sqft
    2020-01-01 78 days 1,780 sqft
    2020-02-01 73 days 1,770 sqft
    2020-03-01 66 days 1,760 sqft
    2020-04-01 70 days 1,743 sqft
    2020-05-01 78 days 1,732 sqft
    2020-06-01 90 days 1,696 sqft
    2020-07-01 89 days 1,700 sqft
    2020-08-01 74 days 1,696 sqft
    2020-09-01 72 days 1,716 sqft
    2020-10-01 62 days 1,686 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 1,683 sqft
    2021-08-01 41 days 1,708 sqft
    2021-09-01 43 days 1,690 sqft
    2021-10-01 46 days 1,710 sqft
    2021-11-01 46 days 1,737 sqft
    2021-12-01 54 days 1,732 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 1,742 sqft
    2022-06-01 39 days 1,718 sqft
    2022-07-01 43 days 1,729 sqft
    2022-08-01 48 days 1,738 sqft
    2022-09-01 53 days 1,753 sqft
    2022-10-01 73 days 1,776 sqft
    2022-11-01 75 days 1,784 sqft
    2022-12-01 79 days 1,745 sqft
    2023-01-01 68 days 1,738 sqft
    2023-02-01 49 days 1,748 sqft
    2023-03-01 45 days 1,729 sqft
    2023-04-01 47 days 1,726 sqft
    2023-05-01 57 days 1,727 sqft
    Punta Gorda's median listing age (time on market) for 2023-05-01 was 57 days. This is 64% longer than the same period one year ago.

    Punta Gorda's median square footage for active listings during the 2023-05-01 period was 1,727 sqft. One year prior, the average listing was 1,742 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.