West Palm Beach VA Loans

WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, 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.

West Palm Beach's 195 lenders originated 2,813 VA loans during 2021. The total origination value was $1,003,575,000, with an average VA loan value of $356,763.

West Palm Beach VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in West Palm Beach averaged 4.59% for the week of 2022-03-25, compared to the national average (all VA variants) of 4.399% for the same period.

The average rate for the prior week (2022-03-18) was 4.37% and one month ago for the week of 2022-02-18, the average rate was 4.39%.

The average rate one year ago was 3.56%.

For refis of the same type during the week of 2022-03-25, the average rate was 4.45%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

West Palm Beach 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 West Palm Beach level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 233 2.43% $4,717
Mortgage Research Center, LLC 220 2.86% $8,805
QUICKEN LOANS, LLC 214 2.45% $5,928
UNITED WHOLESALE MORTGAGE, LLC 140 2.54% $8,276
PENNYMAC LOAN SERVICES, LLC 118 2.35% $6,870
CROSSCOUNTRY MORTGAGE, LLC 96 2.93% $10,726
LOANDEPOT.COM, LLC 82 2.43% $5,985
NAVY FEDERAL CREDIT UNION 72 2.48% $8,592
CALIBER HOME LOANS, INC. 67 2.59% $7,261
NEW DAY FINANCIAL, LLC 62 2.77% $9,392
USAA Federal Savings Bank 59 2.81% $4,862
VILLAGE CAPITAL & INVESTMENT LLC 53 2.38% $4,287
HOME POINT FINANCIAL CORPORATION 50 2.42% $6,646
EAGLE HOME MORTGAGE, LLC 47 2.94% $7,774
LAKEVIEW LOAN SERVICING, LLC 45 2.46% $2,695
Mr. Cooper ( Nationstar Mortgage ) 45 2.70% $3,007
NEWREZ LLC 36 2.75% $4,811
CLEARPATH LENDING 36 2.36% $6,273
FBC MORTGAGE, LLC 35 2.79% $8,557
GUARANTEED RATE, INC. 31 2.61% $8,797
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 26 2.62% $11,729
PLANET HOME LENDING, LLC 24 2.50% $3,725
THE MORTGAGE FIRM, INC. 21 2.76% $9,730
AMERICAN FINANCIAL NETWORK, INC. 20 2.74% $14,143
InterContinental Capital Group, Inc 20 2.61% $3,899
AMERISAVE MORTGAGE CORPORATION 20 2.53% $6,301
Low VA Rates, LLC 20 2.69% $5,011
Flagstar Bank, FSB 20 2.59% $7,699
Paramount Residential Mortgage Group, Inc. 19 3.05% $9,956
The Federal Savings Bank 19 2.42% $7,175
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 2.94% $8,619
GROUP ONE MORTGAGE, INC. 17 2.68% $10,341
PENTAGON FEDERAL CREDIT UNION 16 2.41% $3,744
HOMEBRIDGE FINANCIAL SERVICES, INC. 15 2.65% $8,561
PRIMARY RESIDENTIAL MORTGAGE, INC. 15 3.00% $6,027
Barrington Bank & Trust Company, N.A. 15 2.70% $7,892
Carrington Mortgage Services, LLC 15 3.13% $8,186
Lakeview Community Capital, LLC 14 2.65% $1,944
Wells Fargo Bank 14 2.65% $6,746
North American Savings Bank, F.S.B. 13 2.38% $6,487
HAMILTON HOME LOANS, INC. 13 3.10% $10,748
STEARNS LENDING, LLC 13 2.55% $6,826
Equity Prime Mortgage LLC 11 3.34% $9,926
BROKER SOLUTIONS, INC. 10 2.77% $6,313
DHI MORTGAGE COMPANY, LTD. 10 2.77% $9,048
NP, Inc. 10 2.65% $9,933
ABSOLUTE HOME MORTGAGE CORPORATION 10 2.89% $11,897
BNC National Bank 10 2.26% $10,371
MOVEMENT MORTGAGE, LLC 9 2.85% $5,631
SUN WEST MORTGAGE COMPANY, INC. 9 2.35% $3,397
First Guaranty Mortgage Corporation 9 2.72% $5,187
MUTUAL OF OMAHA MORTGAGE, INC. 8 2.66% $12,003
VAN DYK MORTGAGE CORPORATION 8 2.94% $5,244
GUARANTEED RATE AFFINITY, LLC 8 2.52% $8,597
PNC Bank 7 2.75% $5,295
NBKC BANK 7 2.36% $7,451
SWBC MORTGAGE CORPORATION 6 3.08% $13,204
CAPITAL PARTNERS MORTGAGE, LLC 6 2.94% $7,207
PULTE MORTGAGE LLC 6 2.71% $8,075
MATTAMY HOME FUNDING, LLC 5 2.68% $9,984
Mid-Continent Funding, Inc. 5 2.58% $6,255
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 2.95% $13,220
AMERICAN FINANCING CORPORATION 5 2.70% $6,666
Strong Home Mortgage, LLC 5 2.30% $12,998
Mortgage Lenders Investment Trading Corporation 5 3.15% $10,680
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 2.63% $6,931
U.S. Bank 5 2.70% $14,050
First Federal Bank 5 3.85% $11,072
EVERETT FINANCIAL, INC. 5 3.13% $12,107
LENDUS, LLC 4 2.66% $17,794
Commerce Home Mortgage, Inc. 4 2.69% $9,280
PREMIA MORTGAGE, LLC 4 2.28% $6,762
Northpointe Bank 4 2.88% $6,071
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 3.09% $11,784
ACCELERATE MORTGAGE, LLC 4 1.94% $5,944
ACADEMY MORTGAGE CORPORATION 4 3.25% $11,476
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 2.75% $9,753
UNITED MORTGAGE CORP. 4 2.81% $12,394
Paramount Bank 3 2.83% $13,327
CMG MORTGAGE, INC. 3 2.67% $6,435
RADIUS FINANCIAL GROUP INC. 3 2.33% $8,057
J. VIRGIL, INC. 3 2.83% $9,215
US MORTGAGE CORPORATION 3 2.67% $22,362
CHURCHILL MORTGAGE CORPORATION 3 2.46% $10,902
CONTOUR MORTGAGE CORPORATION 3 2.38% $3,312
Prosperity Home Mortgage, LLC 3 2.50% $6,651
PLAZA HOME MORTGAGE, INC. 3 2.79% $10,066
LEADERONE FINANCIAL CORPORATION 3 2.83% $16,292
KS StateBank 3 2.21% $3,601
NATIONS DIRECT MORTGAGE, LLC 3 3.17% $15,039
CELEBRITY HOME LOANS, LLC 3 2.42% $8,592
FAIRWAY FUNDING GROUP, INC. 3 2.33% $14,334
NVR Mortgage Finance, Inc. 3 2.91% $11,641
FOUNDATION MORTGAGE CORPORATION 3 3.29% $9,174
First Federal Bank of Kansas City 3 2.25% $3,272
SUCCESS MORTGAGE PARTNERS, INC. 2 2.94% $11,078
Amerifirst Financial, Inc. 2 2.63% $11,481
APEX HOME LOANS, INC. 2 2.75% $8,903
Arvest Bank 2 2.63% $19,709
Bank of America 2 2.69% $900
Citizens Bank 2 3.44% $8,281
Community First National Bank 2 2.38% $2,576
CORNERSTONE HOME LENDING, INC. 2 3.25% $6,317
East Coast Capital Corp. 2 2.88% $18,720
EMBRACE HOME LOANS, INC. 2 2.50% $15,850
FLAT BRANCH MORTGAGE, INC. 2 3.00% $6,741
Gateway First Bank 2 2.69% $5,605
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.13% $9,440
HOMESIDE FINANCIAL, LLC 2 3.00% $1,272
ITHINK FINANCIAL Credit Union 2 2.81% $7,975
JPMorgan Chase Bank 2 3.19% $1,409
LADERA LENDING, INC. 2 3.06% $3,173
LENDING 3, INC. 2 2.44% $3,202
Magnolia Bank 2 2.81% $10,437
MCLEAN MORTGAGE CORPORATION 2 2.81% $5,986
NATIONS RELIABLE LENDING, LLC 2 3.37% $7,586
Plains Commerce Bank 2 2.94% $3,792
Prime Choice Funding Inc. 2 2.25% $3,497
Renasant Bank 2 2.88% $9,051
SOVEREIGN LENDING GROUP INCORPORATED 2 2.88% $12,223
Texana Bank 2 2.38% $3,909
Wyndham Capital Mortgage, Inc. 2 2.25% $830
Hometown Equity Mortgage, LLC 1 3.75% $5,668
HOMESTEAD FUNDING CORP. 1 2.25% $2,757
HOMESTAR FINANCIAL CORPORATION 1 2.38% $6,635
HighTechLending Inc 1 3.25% $7,042
AMERICAN HOME LENDING USA, LLC 1 2.49% $5,153
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.63% $24,867
HANCOCK MORTGAGE PARTNERS, LLC 1 2.50% $4,719
GUILD MORTGAGE COMPANY 1 4.00% $5,856
NETWORK CAPITAL FUNDING CORPORATION 1 2.25% $10,591
GoPrime Mortgage, Inc. 1 2.25% $1,773
George Mason Mortgage, LLC 1 2.49% $11,997
Florida Capital Bank 1 2.13% $13,053
First Savings Bank 1 2.25% $1,272
First Option Mortgage, LLC 1 2.88% $10,707
FIRST HOME MORTGAGE CORPORATION 1 2.50% $2,716
OCMBC, INC. 1 3.00% $7,618
OPEN MORTGAGE, LLC 1 2.50% $4,167
OVM FINANCIAL, INC. 1 3.00% $3,710
FirstBank 1 3.00% $6,049
FIRST ALLIANCE HOME MORTGAGE, LLC 1 2.88% $3,683
PARKSIDE LENDING, LLC 1 2.50% $2,007
FINANCE OF AMERICA MORTGAGE LLC 1 2.63% $2,945
Fifth Third Bank 1 2.75% $4,376
AMERICAN FINANCIAL RESOURCES, INC. 1 3.63% $9,136
FAMILY FIRST FUNDING LLC 1 3.25% $12,290
DYBN FINANCIAL CORP. 1 2.75% $2,421
COMPASS MORTGAGE, INC. 1 2.75% $6,703
CityWorth Mortgage LLC 1 3.25% $2,948
CITYWIDE HOME LOANS, LLC 1 2.25% $4,483
ALLIED MORTGAGE GROUP, INC. 1 2.25% $2,271
City Bank 1 2.88% $3,635
Citibank 1 2.25% $4,134
Christensen Financial, Inc. 1 3.25% $3,596
CHAMPIONS MORTGAGE LLC 1 2.75% $6,134
Century Mortgage Company DBA Century Lending Company 1 2.50% $5,634
1ST SIGNATURE LENDING, LLC 1 2.75% $19,817
RESIDENTIAL BANCORP. 1 3.38% $5,591
RESIDENTIAL HOME FUNDING CORP. 1 3.50% $20,520
ROSS MORTGAGE CORPORATION 1 3.13% $11,904
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.25% $6,037
Seacoast National Bank 1 2.75% $3,020
SeaTrust Mortgage Company 1 2.88% $3,844
Sierra Pacific Mortgage Company, Inc. 1 2.75% $4,664
South State Bank 1 2.50% $16,254
WESTERN EXPRESS LENDING 1 2.38% $8,927
SPACE COAST Credit Union 1 2.88% $5,593
Centennial Bank 1 2.25% $3,190
Capital Bank 1 2.75% $7,229
1ST FINANCIAL, INC. 1 3.63% $10,335
Sunflower Bank 1 2.75% $7,216
BOKF 1 2.88% $2,899
BEST CAPITAL FUNDING 1 3.63% $10,263
TBI MORTGAGE COMPANY 1 2.75% $3,061
ZILLOW HOME LOANS, LLC 1 2.50% $17,854
The Central Trust Bank 1 2.63% $7,679
Atlantic Union Bank 1 2.75% $6,291
Atlantic Home Loans, Inc. 1 2.88% $9,780
TIAA, FSB 1 2.75% $4,513
TJC Mortgage, Inc. 1 2.25% $3,806
TOTAL MORTGAGE SERVICES, LLC 1 2.88% $8,762
TOWNE MORTGAGE COMPANY 1 3.00% $13,986
Truist Bank 1 2.75% $730
ARC HOME LLC 1 2.25% $6,055
Ameris Bank 1 2.50% $4,270
LOANFLIGHT LENDING, LLC 1 2.25% $2,386
AmeriHome Mortgage Company, LLC 1 2.99% $1,260
Keystone Funding, Inc. 1 2.25% $13,463
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.50% $12,778
MID AMERICA MORTGAGE, INC. 1 3.50% $9,155
KeyBank 1 2.75% $16,684
MLD MORTGAGE INC. 1 2.25% $4,686
JAMES B. NUTTER & COMPANY 1 2.50% $6,282
INTERCOASTAL MORTGAGE COMPANY 1 2.88% $14,658

The top West Palm Beach VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 233 VA loans originated. Their average total fees are $4,717, which is $4,088 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee West Palm Beach VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($1,944), LAKEVIEW LOAN SERVICING, LLC ($2,695), Mr. Cooper ( Nationstar Mortgage ) ($3,007), PLANET HOME LENDING, LLC ($3,725) and PENTAGON FEDERAL CREDIT UNION ($3,744).

The lowest rate West Palm Beach VA lenders (with over 10 loans originated) are BNC National Bank (2.26%), PENNYMAC LOAN SERVICES, LLC (2.35%), CLEARPATH LENDING (2.36%), North American Savings Bank, F.S.B. (2.38%) and VILLAGE CAPITAL & INVESTMENT LLC (2.38%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - West Palm Beach (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 $396,156 (4.3%) $918,614 (2.8%) 1.46 47,888
2018-02-01 $395,000 (3.4%) $918,452 (2.8%) 1.42 48,934
2018-03-01 $398,000 (2.3%) $919,255 (2.2%) 1.38 49,490
2018-04-01 $399,000 (2.3%) $919,912 (0.6%) 1.34 49,075
2018-05-01 $399,700 (1.2%) $916,176 (-0.2%) 1.33 48,034
2018-06-01 $399,999 (2.6%) $911,815 (0.5%) 1.33 47,153
2018-07-01 $399,900 (0.2%) $905,816 (0.6%) 1.33 46,869
2018-08-01 $399,250 (0.6%) $898,559 (0.0%) 1.33 46,483
2018-09-01 $399,000 (0.5%) $896,427 (-0.8%) 1.33 46,852
2018-10-01 $399,000 (1.0%) $903,016 (0.3%) 1.33 48,425
2018-11-01 $398,000 (0.3%) $908,836 (0.4%) 1.33 50,373
2018-12-01 $395,000 (0.0%) $917,567 (0.5%) 1.35 51,461
2019-01-01 $395,000 (-0.3%) $919,360 (0.1%) 1.36 52,278
2019-02-01 $395,000 (0.0%) $923,299 (0.5%) 1.32 54,082
2019-03-01 $398,285 (0.1%) $930,975 (1.3%) 1.30 53,304
2019-04-01 $400,000 (0.3%) $942,457 (2.5%) 1.26 51,880
2019-05-01 $409,500 (2.5%) $946,388 (3.3%) 1.26 50,393
2019-06-01 $410,000 (2.5%) $940,863 (3.2%) 1.26 48,676
2019-07-01 $410,000 (2.5%) $927,931 (2.4%) 1.27 47,062
2019-08-01 $406,996 (1.9%) $927,093 (3.2%) 1.28 45,954
2019-09-01 $402,199 (0.8%) $932,917 (4.1%) 1.28 45,034
2019-10-01 $409,950 (2.7%) $950,708 (5.3%) 1.31 45,856
2019-11-01 $411,648 (3.4%) $976,683 (7.5%) 1.33 46,837
2019-12-01 $411,328 (4.1%) $1,000,574 (9.1%) 1.37 46,952
2020-01-01 $411,000 (4.1%) $1,011,537 (10.0%) 1.37 45,959
2020-02-01 $415,000 (5.1%) $1,015,586 (10.0%) 1.34 46,345
2020-03-01 $417,420 (4.8%) $1,019,233 (9.5%) 1.30 46,202
2020-04-01 $399,450 (-0.1%) $971,050 (3.0%) 1.24 45,487
2020-05-01 $399,000 (-2.6%) $969,464 (2.4%) 1.21 44,864
2020-06-01 $402,500 (-1.8%) $987,712 (5.0%) 1.18 43,617
2020-07-01 $410,000 (0.0%) $1,007,234 (8.6%) 1.17 41,127
2020-08-01 $410,000 (0.7%) $1,012,514 (9.2%) 1.17 39,893
2020-09-01 $419,000 (4.2%) $1,041,235 (11.6%) 1.20 38,783
2020-10-01 $419,900 (2.4%) $1,053,210 (10.8%) 1.20 38,193
2020-11-01 $415,000 (0.8%) $1,047,388 (7.2%) 1.19 37,904
2020-12-01 $415,000 (0.9%) $1,058,106 (5.8%) 1.22 36,745
2021-01-01 $400,000 (-2.7%) $1,048,760 (3.7%) 1.18 34,030
2021-02-01 $399,000 (-3.9%) $1,063,442 (4.7%) 1.15 30,964
2021-03-01 $399,750 (-4.2%) $1,089,053 (6.9%) 1.12 27,219
2021-04-01 $417,450 (4.5%) $1,103,545 (13.6%) 1.12 24,319
2021-05-01 $430,000 (7.8%) $1,158,702 (19.5%) 1.13 21,962
2021-06-01 $449,750 (11.7%) $1,207,559 (22.3%) 1.17 20,816
2021-07-01 $458,950 (11.9%) $1,201,378 (19.3%) 1.19 21,067
2021-08-01 $462,450 (12.8%) $1,216,657 (20.2%) 1.22 20,996
2021-09-01 $472,400 (12.7%) $1,250,256 (20.1%) 1.24 20,451
2021-10-01 $480,000 (14.3%) $1,301,294 (23.6%) 1.26 19,637
2021-11-01 $487,000 (17.4%) $1,364,494 (30.3%) 1.28 18,469
2021-12-01 $495,000 (19.3%) $1,400,791 (32.4%) 1.32 17,232
2022-01-01 $499,000 (24.8%) $1,460,755 (39.3%) 1.33 15,526
West Palm Beach's median listing price for 2022-01-01 was $499,000, a difference of $99,000 (24.8%) versus the prior year and $4,000 versus the prior month.

West Palm Beach's median listing price comes in at 133% of the national average.

West Palm Beach's average listing price for 2022-01-01 was $1,460,755, a difference of $411,995 (39.3%) versus the prior year and $59,964 versus the prior month.

For the 2022-01-01 period, West Palm Beach had 15,526 MLS listings, a difference of -1,706 listings (-10%) versus the prior month and -18,504 listings (-54%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - West Palm Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 90 days 1,508 sqft
2018-02-01 88 days 1,510 sqft
2018-03-01 82 days 1,511 sqft
2018-04-01 83 days 1,520 sqft
2018-05-01 86 days 1,521 sqft
2018-06-01 89 days 1,529 sqft
2018-07-01 92 days 1,529 sqft
2018-08-01 93 days 1,526 sqft
2018-09-01 93 days 1,522 sqft
2018-10-01 89 days 1,520 sqft
2018-11-01 87 days 1,524 sqft
2018-12-01 88 days 1,522 sqft
2019-01-01 93 days 1,520 sqft
2019-02-01 92 days 1,523 sqft
2019-03-01 87 days 1,531 sqft
2019-04-01 85 days 1,543 sqft
2019-05-01 90 days 1,549 sqft
2019-06-01 93 days 1,550 sqft
2019-07-01 96 days 1,548 sqft
2019-08-01 98 days 1,541 sqft
2019-09-01 99 days 1,532 sqft
2019-10-01 94 days 1,530 sqft
2019-11-01 91 days 1,530 sqft
2019-12-01 88 days 1,522 sqft
2020-01-01 92 days 1,520 sqft
2020-02-01 89 days 1,508 sqft
2020-03-01 84 days 1,504 sqft
2020-04-01 90 days 1,485 sqft
2020-05-01 103 days 1,477 sqft
2020-06-01 113 days 1,457 sqft
2020-07-01 118 days 1,426 sqft
2020-08-01 92 days 1,409 sqft
2020-09-01 92 days 1,389 sqft
2020-10-01 91 days 1,385 sqft
2020-11-01 91 days 1,380 sqft
2020-12-01 91 days 1,368 sqft
2021-01-01 94 days 1,345 sqft
2021-02-01 88 days 1,306 sqft
2021-03-01 76 days 1,296 sqft
2021-04-01 71 days 1,304 sqft
2021-05-01 65 days 1,318 sqft
2021-06-01 60 days 1,348 sqft
2021-07-01 58 days 1,369 sqft
2021-08-01 58 days 1,373 sqft
2021-09-01 59 days 1,377 sqft
2021-10-01 59 days 1,383 sqft
2021-11-01 59 days 1,383 sqft
2021-12-01 60 days 1,376 sqft
2022-01-01 65 days 1,366 sqft
West Palm Beach's median listing age (time on market) for 2022-01-01 was 65 days. This is -31% shorter than the same period one year ago.

West Palm Beach's median square footage for active listings during the 2022-01-01 period was 1,366 sqft. One year prior, the average listing was 1,345 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.