Metro area · Florida

Cape Coral-Fort Myers, FL metro: mortgages and home buyers

2025 home-purchase and refinance statistics for the 1-county Cape Coral-Fort Myers, FL area (OMB code 15980), from official HMDA records.

In 2025, lenders reported 11,554 home-purchase mortgages for owner-occupied, single-family homes in the Cape Coral-Fort Myers, FL metro area. The median buyer borrowed $325,000 on a home valued at $365,000 and reported a household income of $104,000.

Buyers financed a median 95% of the home's value (roughly 5% down), paid a median 6.625% on 30-year fixed conventional loans and faced median conventional loan costs of $6,250.

Lenders denied 14.0% of completed home-purchase applications.

Purchase loans

11,554

1 county

Buyer income

$104,000

U.S. $116,000

Loan amount

$325,000

U.S. $335,000

Down payment

U.S. 10%

30-yr fixed rate

6.625%

U.S. 6.625%

Denial rate

14.0%

Purchase · U.S. 8.5%

Key facts

Home buyers' median income ($104,000) is 10% lower than the U.S. median ($116,000).
Median conventional loan costs ($6,250) were 12% higher than the U.S. median ($5,570).
FHA loans made up 38.8% of purchase mortgages, versus 21.1% nationally.
30.4% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
Second homes accounted for 10.1% of first-lien purchase mortgages — a vacation-home market.
The most common age bracket among borrowers was 25–34 (26.0% of purchase loans).
56.8% of purchase mortgages had a single borrower with no co-applicant.
The most-cited reason for denial was debt-to-income ratio (49.0% of denials with a stated reason).

Counties in the metro area

County	Purchase loans	Median loan	Buyer income	30-yr rate	Loan costs	Conforming limit	FHA limit
Lee County, FL	11,553	$325,000	$104,000	6.625%	$6,250	$832,750	$541,287

Who bought homes in Cape Coral

Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.

Purchase loans

11,554

of 13,675 applications

Buyer income

$104,000

Middle half $78,000–$151,000

Home value

$365,000

Middle half $305,000–$465,000

Loan amount

$325,000

Middle half $275,000–$395,000

Down payment

30.4% put 20%+ down

Single borrower

56.8%

No co-applicant

Values are medians; "middle half" is the 25th to 75th percentile.

Loan type

Conventional 54.6% 6,308

FHA 38.8% 4,479

VA 6.6% 763

USDA 0.0% 4

What the homes were for

Primary residence 86.8% 11,668

Second home 10.1% 1,363

Investment property 3.0% 406

All first-lien, closed-end purchase mortgages, including second homes and investors.

Borrower age

Under 25 5.1%

25–34 26.0%

35–44 24.8%

45–54 17.8%

55–64 15.8%

65–74 7.9%

75 and over 2.7%

Debt-to-income ratio

Under 20% 2.1%

20–29% 7.8%

30–35% 10.7%

36–42% 22.1%

43–49% 38.3%

50–60% 18.3%

Over 60% 0.8%

Monthly debts (including the new payment) as a share of income, as used in underwriting.

What borrowing cost in Cape Coral

Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.

Measure	Cape Coral	U.S.
30-year fixed rate · conventional	6.625%	6.625%
30-year fixed rate · FHA	6.250%	6.250%
30-year fixed rate · VA	6.125%	6.125%
15-year fixed rate · conventional	5.875%	5.875%
Rate spread vs. APOR · conventional	+0.16 pts	+0.13 pts
Total loan costs · conventional	$6,250	$5,570
Total loan costs · FHA	$13,260	$11,310
Total loan costs · VA	$6,650	$6,490
Origination charges (all loan types)	$2,360	$1,860
Borrowers paying discount points	58.7%	51.3%
Points paid, when paid (% of loan)	1.00%	0.87%
Borrowers receiving lender credits	32.3%	33.1%
Adjustable-rate mortgages	7.8%	7.4%
Jumbo loans (above conforming limit)	2.1%	3.8%

Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.

Approvals and denials

Cape Coral: 1,908 of 13,675 completed home-purchase applications were denied (14.0%).

Denial rate

Application	Cape Coral	U.S.
Home purchase	14.0%	8.5%
Conventional	11.6%	7.1%
FHA	17.2%	12.5%
VA	13.5%	8.0%
USDA	—	12.5%
Refinance	30.8%	17.9%
Cash-out refinance	42.3%	33.6%

Main reason for purchase denials

Debt-to-income ratio 49.0%

Credit history 10.1%

Unverifiable information 9.9%

Collateral (appraisal/property) 8.6%

Other 8.2%

Insufficient cash (down payment/closing costs) 6.5%

Credit application incomplete 5.1%

Employment history 2.5%

First reason the lender reported.

Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.

Refinancing in Cape Coral

Refinances

1,152

Median loan $345,000

Refi rate

6.49%

30-yr fixed, conv.

Refi loan costs

$5,720

Conventional

Cash-out refis

1,229

Median loan $265,000

Cash-out rate

6.82%

30-yr fixed, conv.

Cash-out income

$94,000

Median borrower

Source: FFIEC/CFPB HMDA 2025 public LAR (derived MSA/MD); OMB July 2023 delineations via the U.S. Census Bureau. Methodology