Palatka Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Palatka averaged
7.06%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.19% and
one month ago for the week of 2025-05-15, the
average rate was 7.36%.
Palatka's average rate one year ago was 7.1%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Palatka 30 Year Fixed Rate | 2025-06-18 | 7.06% |
| Palatka 30 Year Fixed Rate Refi | 2025-06-18 | 7.01% |
| Palatka 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Palatka 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Palatka 30 Year FHA | 2025-06-18 | -0.19% |
| Palatka 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Palatka 30 Year USDA | 2025-06-18 | -0.2% |
| Palatka 30 Year USDA Refi | 2025-06-18 | 0% |
| Palatka 30 Year VA | 2025-06-18 | 0.58% |
| Palatka 30 Year VA Refi | 2025-06-18 | 0.2% |
Palatka Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Palatka, FL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Palatka Average Closing Costs & Other Stats
Palatka, FL's 95 lenders originated 1,205
loans during 2024. The total origination value was $243,175,000, with an average loan value of
$201,805.
Palatka's average closing costs are $6,082.
The top Palatka lender as defined by loan originations is QUICKEN LOANS, LLC, with
39 loans originated. Their average total fees are
$6,268, which is $1,039
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Palatka lenders (with over 10 loans originated) are
VYSTAR ($3,031), South State Bank ($4,816), QUICKEN LOANS, LLC ($6,268), Ameris Bank ($6,649) and CROSSCOUNTRY MORTGAGE, LLC ($7,289).
The lowest rate Palatka lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.78%), CROSSCOUNTRY MORTGAGE, LLC (6.81%), UNITED WHOLESALE MORTGAGE, LLC (6.84%), VYSTAR (6.88%) and South State Bank (7.18%).
Palatka, FL Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $21,835,000 | $26,155,000 | 19.8% | 10.8% |
| QUICKEN LOANS, LLC | $15,850,000 | $17,925,000 | 13.1% | 7.4% |
| Citibank | $225,000 | $13,005,000 | 5,680.0% | 5.3% |
| South State Bank | $15,725,000 | $8,930,000 | -43.2% | 3.7% |
| Ameris Bank | $6,775,000 | $8,860,000 | 30.8% | 3.6% |
| VYSTAR | $7,590,000 | $7,815,000 | 3.0% | 3.2% |
| Equity Prime Mortgage LLC | $3,045,000 | $7,690,000 | 152.5% | 3.2% |
| 21ST MORTGAGE CORPORATION | $8,035,000 | $6,635,000 | -17.4% | 2.7% |
| Mortgage Research Center, LLC | $6,920,000 | $6,515,000 | -5.9% | 2.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,140,000 | $6,105,000 | 94.4% | 2.5% |
| UNION HOME MORTGAGE CORP. | $4,900,000 | $5,620,000 | 14.7% | 2.3% |
| INSPIRE HOME LOANS INC. | $3,210,000 | $4,010,000 | 24.9% | 1.6% |
| 1ST SIGNATURE LENDING, LLC | $2,670,000 | $3,725,000 | 39.5% | 1.5% |
| FREEDOM MORTGAGE CORPORATION | $845,000 | $3,630,000 | 329.6% | 1.5% |
| LOANDEPOT.COM, LLC | $3,545,000 | $3,350,000 | -5.5% | 1.4% |
| VILLAGE CAPITAL MORTGAGE | $855,000 | $3,110,000 | 263.7% | 1.3% |
| Plains Commerce Bank | $575,000 | $3,070,000 | 433.9% | 1.3% |
| BROKER SOLUTIONS, INC. | $1,425,000 | $2,985,000 | 109.5% | 1.2% |
| AgFirst Farm Credit Bank | $3,295,000 | $2,825,000 | -14.3% | 1.2% |
| NEWREZ LLC | $1,120,000 | $2,645,000 | 136.2% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $2,155,000 | $2,595,000 | 20.4% | 1.1% |
| GUILD MORTGAGE COMPANY | $535,000 | $2,415,000 | 351.4% | 1.0% |
| EVERETT FINANCIAL, INC. | $245,000 | $2,400,000 | 879.6% | 1.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,670,000 | $2,245,000 | -15.9% | 0.9% |
| Carrington Mortgage Services, LLC | $925,000 | $2,220,000 | 140.0% | 0.9% |
| FLORIDA | $1,010,000 | $2,175,000 | 115.3% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,735,000 | $2,120,000 | 22.2% | 0.9% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,850,000 | $2,075,000 | 12.2% | 0.9% |
| Wells Fargo Bank | $380,000 | $1,755,000 | 361.8% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $3,585,000 | $1,725,000 | -51.9% | 0.7% |
| TRIAD FINANCIAL SERVICES, INC. | $1,730,000 | $1,565,000 | -9.5% | 0.6% |
| Century Mortgage Company DBA Century Lending Company | $1,155,000 | $1,535,000 | 32.9% | 0.6% |
| SOUTHWEST STAGE FUNDING, LLC | $1,535,000 | $1,470,000 | -4.2% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $310,000 | $1,345,000 | 333.9% | 0.6% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $1,340,000 | n/a | 0.6% | |
| CMG MORTGAGE, INC. | $1,070,000 | $1,325,000 | 23.8% | 0.5% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $400,000 | $1,300,000 | 225.0% | 0.5% |
| Flagstar Bank, FSB | $2,275,000 | $1,295,000 | -43.1% | 0.5% |
| LENDINGHOME FUNDING CORPORATION | $1,225,000 | $1,270,000 | 3.7% | 0.5% |
| COMMUNITY FIRST CREDIT UNION OF FLO | $360,000 | $1,170,000 | 225.0% | 0.5% |
| PLAZA HOME MORTGAGE, INC. | $1,695,000 | $1,140,000 | -32.7% | 0.5% |
| Network Funding, L.P. | $460,000 | $1,095,000 | 138.0% | 0.5% |
| JPMorgan Chase Bank | $105,000 | $1,080,000 | 928.6% | 0.4% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,070,000 | n/a | 0.4% | |
| TOWNE MORTGAGE COMPANY | $145,000 | $1,025,000 | 606.9% | 0.4% |
| Capital City Bank | $1,330,000 | $1,020,000 | -23.3% | 0.4% |
| USAA Federal Savings Bank | $445,000 | $995,000 | 123.6% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $870,000 | $990,000 | 13.8% | 0.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,410,000 | $970,000 | -31.2% | 0.4% |
| Capital City Home Loans, LLC | $1,180,000 | $945,000 | -19.9% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $355,000 | $930,000 | 162.0% | 0.4% |
| First Federal Bank | $1,450,000 | $930,000 | -35.9% | 0.4% |
| NATIONS DIRECT MORTGAGE, LLC | $270,000 | $890,000 | 229.6% | 0.4% |
| PNC Bank | $405,000 | $890,000 | 119.8% | 0.4% |
| HALLMARK HOME MORTGAGE, LLC | $855,000 | n/a | 0.4% | |
| The Federal Savings Bank | $245,000 | $855,000 | 249.0% | 0.4% |
| PLANET HOME LENDING, LLC | $850,000 | n/a | 0.3% | |
| EMM LOANS LLC | $540,000 | $845,000 | 56.5% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,210,000 | $840,000 | -30.6% | 0.3% |
| WATSON MORTGAGE CORP. | $270,000 | $780,000 | 188.9% | 0.3% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $3,260,000 | $755,000 | -76.8% | 0.3% |
| TD Bank | $1,785,000 | $750,000 | -58.0% | 0.3% |
| Bell Bank | $195,000 | $745,000 | 282.1% | 0.3% |
| MIDFLORIDA | $55,000 | $740,000 | 1,245.5% | 0.3% |
| A&D Mortgage LLC | $320,000 | $720,000 | 125.0% | 0.3% |
| FBC MORTGAGE, LLC | $745,000 | $705,000 | -5.4% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $795,000 | $705,000 | -11.3% | 0.3% |
| ALKAN MORTGAGE CORPORATION | $695,000 | n/a | 0.3% | |
| MOVEMENT MORTGAGE, LLC | $1,885,000 | $695,000 | -63.1% | 0.3% |
| Truist | $2,730,000 | $690,000 | -74.7% | 0.3% |
| CARDINAL FINANCIAL | $1,525,000 | $685,000 | -55.1% | 0.3% |
| NEW DAY FINANCIAL, LLC | $195,000 | $685,000 | 251.3% | 0.3% |
| SunState Federal Credit Union | $515,000 | $660,000 | 28.2% | 0.3% |
| FIRST FLORIDA Credit Union | $640,000 | n/a | 0.3% | |
| Bank of America | $835,000 | $635,000 | -24.0% | 0.3% |
| Lakeview Community Capital, LLC | $630,000 | n/a | 0.3% | |
| CALCON MUTUAL MORTGAGE LLC | $235,000 | $615,000 | 161.7% | 0.3% |
| Countybank | $615,000 | n/a | 0.3% | |
| CAMPUS USA | $645,000 | $605,000 | -6.2% | 0.2% |
| Hancock Whitney Bank | $600,000 | n/a | 0.2% | |
| Bank of England | $2,260,000 | $595,000 | -73.7% | 0.2% |
| THE MORTGAGE FIRM, INC. | $645,000 | $575,000 | -10.9% | 0.2% |
| COUNTRYPLACE MORTGAGE, LTD. | $560,000 | n/a | 0.2% | |
| DEEPHAVEN MORTGAGE LLC | $415,000 | $545,000 | 31.3% | 0.2% |
| First Central State Bank | $305,000 | $505,000 | 65.6% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $500,000 | n/a | 0.2% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $495,000 | n/a | 0.2% | |
| AMERICAN FINANCING CORPORATION | $490,000 | n/a | 0.2% | |
| Waterstone Mortgage Corporation | $570,000 | $490,000 | -14.0% | 0.2% |
| DIRECT MORTGAGE LOANS, LLC | $470,000 | n/a | 0.2% | |
| MORTGAGEONE, INC. | $470,000 | n/a | 0.2% | |
| BAY CAPITAL MORTGAGE CORPORATION | $455,000 | n/a | 0.2% | |
| FIRST MORTGAGE COMPANY, INC. | $2,495,000 | $455,000 | -81.8% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $115,000 | $455,000 | 295.7% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $410,000 | $450,000 | 9.8% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $865,000 | $450,000 | -48.0% | 0.2% |
| Regions Bank | $1,465,000 | $445,000 | -69.6% | 0.2% |
| Schaumburg Bank & Trust | $445,000 | n/a | 0.2% | |
| Citadel Servicing Corporation | $115,000 | $415,000 | 260.9% | 0.2% |
| Commerce Home Mortgage, Inc. | $485,000 | $415,000 | -14.4% | 0.2% |
| FIRST COMMUNITY MORTGAGE, INC. | $410,000 | n/a | 0.2% | |
| Connexus Credit Union | $135,000 | $405,000 | 200.0% | 0.2% |
| LENDINGONE, LLC | $745,000 | $405,000 | -45.6% | 0.2% |
| MORTGAGE FINANCIAL GROUP, INC. | $385,000 | n/a | 0.2% | |
| SIRVA MORTGAGE, INC. | $315,000 | $385,000 | 22.2% | 0.2% |
| Discover Bank | $350,000 | $350,000 | 0.0% | 0.1% |
| First Option Mortgage, LLC | $350,000 | n/a | 0.1% | |
| Coastline Federal Credit Union | $450,000 | $345,000 | -23.3% | 0.1% |
| Citizens Bank | $295,000 | $335,000 | 13.6% | 0.1% |
| Hometown Equity Mortgage, LLC | $155,000 | $335,000 | 116.1% | 0.1% |
| Figure Lending LLC | $30,000 | $330,000 | 1,000.0% | 0.1% |
| The Loan Store, Inc. | $125,000 | $330,000 | 164.0% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $260,000 | $330,000 | 26.9% | 0.1% |
| GUARANTEED RATE, INC. | $770,000 | $320,000 | -58.4% | 0.1% |
| Goldwater Bank, N.A. | $395,000 | $305,000 | -22.8% | 0.1% |
| Mortgage Lenders Investment Trading Corporation | $1,020,000 | $300,000 | -70.6% | 0.1% |
| Nations Lending Corporation | $555,000 | $300,000 | -45.9% | 0.1% |
| BancorpSouth | $295,000 | n/a | 0.1% | |
| MLD MORTGAGE INC. | $295,000 | n/a | 0.1% | |
| ALLIED MORTGAGE GROUP, INC. | $285,000 | n/a | 0.1% | |
| FAIRWINDS CREDIT UNION | $325,000 | $280,000 | -13.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $165,000 | $280,000 | 69.7% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $275,000 | $275,000 | 0.0% | 0.1% |
| PHH Mortgage Corporation | $270,000 | n/a | 0.1% | |
| Acre Mortgage and Financial Inc | $225,000 | $265,000 | 17.8% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $215,000 | $265,000 | 23.3% | 0.1% |
| LOANPAL, LLC | $105,000 | $265,000 | 152.4% | 0.1% |
| First Savings Bank | $145,000 | $255,000 | 75.9% | 0.1% |
| GENEVA FINANCIAL, LLC | $300,000 | $255,000 | -15.0% | 0.1% |
| JMAC LENDING, INC. | $255,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $895,000 | $255,000 | -71.5% | 0.1% |
| Prosperity Home Mortgage, LLC | $220,000 | $240,000 | 9.1% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $150,000 | $240,000 | 60.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $600,000 | $235,000 | -60.8% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $230,000 | n/a | 0.1% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $225,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $215,000 | $225,000 | 4.7% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $280,000 | $215,000 | -23.2% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $300,000 | $210,000 | -30.0% | 0.1% |
| GEORGIA'S OWN | $205,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $255,000 | $205,000 | -19.6% | 0.1% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $345,000 | $200,000 | -42.0% | 0.1% |
| BETTER MORTGAGE CORPORATION | $195,000 | n/a | 0.1% | |
| Community First National Bank | $195,000 | n/a | 0.1% | |
| SOUTHERN TRUST MORTGAGE, LLC | $195,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $245,000 | $195,000 | -20.4% | 0.1% |
| MILEND, INC. | $650,000 | $185,000 | -71.5% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $185,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $180,000 | n/a | 0.1% | |
| Suncoast Credit Union | $255,000 | $180,000 | -29.4% | 0.1% |
| Atlantic Coast Mortgage, LLC | $175,000 | n/a | 0.1% | |
| FIRST INTEGRITY MORTGAGE SERVICES, INC. | $175,000 | n/a | 0.1% | |
| Gateway First Bank | $145,000 | $175,000 | 20.7% | 0.1% |
| CSL Financial, LLC | $165,000 | n/a | 0.1% | |
| Dakota Community Bank & Trust | $165,000 | n/a | 0.1% | |
| Ixonia Bank | $695,000 | $165,000 | -76.3% | 0.1% |
| PREFERRED LENDING SERVICES, LLC | $165,000 | n/a | 0.1% | |
| U.S. Bank | $1,020,000 | $160,000 | -84.3% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $155,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $625,000 | $150,000 | -76.0% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $145,000 | n/a | 0.1% | |
| Fifth Third Bank | $295,000 | $145,000 | -50.8% | 0.1% |
| M&T Bank | $155,000 | $145,000 | -6.5% | 0.1% |
| NFM, INC. | $145,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $255,000 | $145,000 | -43.1% | 0.1% |
| SPACE COAST Credit Union | $60,000 | $125,000 | 108.3% | 0.1% |
| Cornerstone First Mortgage, Inc | $115,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $75,000 | $115,000 | 53.3% | 0.0% |
| DELTA COMMUNITY CREDIT UNION | $35,000 | $55,000 | 57.1% | 0.0% |
| GTE Federal Credit Union | $55,000 | n/a | 0.0% |
Palatka's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 10.8% market share. In second place, with 7.4%, is QUICKEN LOANS, LLC, having originated $17,925,000 in loans. In third place, with 5.3%, is Citibank, having originated $13,005,000 in loans. In fourth place, with 3.7%, is South State Bank, having originated $8,930,000 in loans. In fifth place, with 3.6%, is Ameris Bank, having originated $8,860,000 in loans.
Palatka, FL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 739 | $153,715,000 | $208,004 |
| Cash Out Refi | 228 | $38,060,000 | $166,930 |
| Refi | 112 | $26,580,000 | $237,321 |
| Home Improvement | 63 | $18,715,000 | $297,063 |
| Other | 63 | $6,105,000 | $96,905 |
Palatka's most frequently cited loan purpose was Home Purchase, with 739 originations. The 2nd most popular reason was Cash Out Refi, with 228 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 482 | $101,960,000 | $211,535 |
| 7-8% | 278 | $49,010,000 | $176,295 |
| Over 8% | 199 | $28,305,000 | $142,236 |
| 5-6% | 185 | $43,775,000 | $236,622 |
| <2.5% | 28 | $13,510,000 | $482,500 |
| 4-5% | 20 | $4,780,000 | $239,000 |
| 3-4% | 1 | $145,000 | $145,000 |
During 2024, Palatka's most frequently originated rate bucket was 6-7%, with 482 originations.
Loan Sizing (Palatka, FL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 499 | $75,915,000 | $152,134 |
| $200k-400k | 405 | $106,675,000 | $263,395 |
| $100,000 or less | 236 | $13,070,000 | $55,381 |
| $400k-600k | 47 | $21,625,000 | $460,106 |
| $600k-1000k | 15 | $10,835,000 | $722,333 |
| $Over $1MM | 3 | $15,055,000 | $5,018,333 |
Palatka's loan sizing saw the bucket of loans from $100k-200k with 499 originations, totaling $75,915,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 564 | $130,190,000 | $230,833 |
| 60-80% | 240 | $49,270,000 | $205,292 |
| 40-60% | 125 | $33,385,000 | $267,080 |
| Under 20% | 109 | $4,455,000 | $40,872 |
| 20-40% | 104 | $9,000,000 | $86,538 |
| Over 100% | 30 | $7,270,000 | $242,333 |
Palatka's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 564 originations, totaling $130,190,000 in origination value.