California VA Loan Rates, Closing Costs & Stats

CALIFORNIA-LEXINGTON PARK, MD

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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.

    California's 77 lenders originated 679 VA loans during 2024. The total origination value was $300,165,000, with an average VA loan value of $442,069.

    California VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in California averaged 0.46% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    California's average VA mortgage closing costs are $7,220.

    The average rate for the prior week (2025-06-27) was 6.39% and one month ago for the week of 2025-05-30, the average rate was 6.82%.

    The average rate one year ago was 6.93%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.25%.

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

    California 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 California level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FIRST HOME MORTGAGE CORPORATION 85 6.31% $9,488
    Mortgage Research Center, LLC 60 6.25% $7,728
    UNITED WHOLESALE MORTGAGE, LLC 55 5.64% $7,193
    FREEDOM MORTGAGE CORPORATION 42 6.14% $9,654
    NAVY FEDERAL CREDIT UNION 41 5.87% $8,995
    EAGLE HOME MORTGAGE, LLC 39 5.90% $6,933
    QUICKEN LOANS, LLC 22 5.94% $9,625
    PENNYMAC LOAN SERVICES, LLC 21 5.79% $10,791
    CMG MORTGAGE, INC. 21 6.26% $10,644
    VILLAGE CAPITAL MORTGAGE 15 5.65% $7,677
    Towne Bank 12 6.13% $13,178
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 11 6.56% $8,808
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.36% $8,632
    MOVEMENT MORTGAGE, LLC 10 6.09% $12,214
    BAY CAPITAL MORTGAGE CORPORATION 10 6.15% $7,445
    EQUITY RESOURCES, INC. 10 5.92% $11,242
    LEADERONE FINANCIAL CORPORATION 8 6.40% $14,387
    HOMEAMERICAN MORTGAGE CORPORATION 8 5.52% $6,797
    NEWREZ LLC 8 6.01% $6,722
    GUARANTEED RATE, INC. 6 5.98% $7,719
    CROSSCOUNTRY MORTGAGE, LLC 6 6.08% $10,195
    The Federal Savings Bank 6 6.29% $19,991
    SOUTHERN TRUST MORTGAGE, LLC 6 6.27% $9,940
    NEW DAY FINANCIAL, LLC 5 7.55% $12,387
    NFM, INC. 5 6.45% $11,070
    Vellum Mortgage, Inc. 5 6.15% $7,168
    First Heritage Mortgage, LLC 5 5.93% $9,981
    Waterstone Mortgage Corporation 4 5.84% $18,928
    BAY EQUITY LLC 4 6.22% $5,249
    USAA Federal Savings Bank 4 6.41% $9,739
    Carrington Mortgage Services, LLC 4 5.88% $22,021
    GUILD MORTGAGE COMPANY 4 6.12% $8,968
    GUARANTEED RATE AFFINITY, LLC 3 6.08% $2,139
    JPMorgan Chase Bank 3 5.92% $17,846
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.33% $20,842
    LAKEVIEW LOAN SERVICING, LLC 3 5.67% $5,719
    First Federal Bank 3 5.54% $9,543
    LOANDEPOT.COM, LLC 3 6.00% $10,359
    Presidential Bank, FSB 3 6.33% $6,497
    Meridian Bank Corporation 3 5.92% $6,174
    PLANET HOME LENDING, LLC 3 4.79% $10,690
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.66% $12,677
    PENTAGON FEDERAL CREDIT UNION 3 6.21% $3,912
    Mr. Cooper ( Nationstar Mortgage ) 3 6.04% $12,681
    Plains Commerce Bank 3 6.17% $11,963
    NBKC BANK 2 5.56% $6,491
    Atlantic Coast Mortgage, LLC 2 6.81% $10,748
    Barrington Bank & Trust Company, N.A. 2 5.75% $4,683
    CLEARPATH LENDING 2 5.50% $5,668
    FIRST SAVINGS MORTGAGE CORPORATION 2 5.94% $5,110
    LADERA LENDING, INC. 2 6.69% $13,344
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.69% $8,321
    NORTHPOINT MORTGAGE, INC. 2 5.50% $7,111
    PHH Mortgage Corporation 2 5.31% $2,199
    Prosperity Home Mortgage, LLC 2 6.31% $10,979
    SUN WEST MORTGAGE COMPANY, INC. 2 5.67% $6,979
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $20,359
    MY MORTGAGE, INC. 1 6.13% $10,834
    MORTGAGEONE, INC. 1 6.25% $1,506
    LOANPAL, LLC 1 5.99% $5,510
    Flagstar Bank, FSB 1 5.63% $15,734
    Equity Prime Mortgage LLC 1 5.88% $19,363
    Ameris Bank 1 6.13% $5,722
    ENVOY MORTGAGE, LTD 1 7.13% $1,007
    DIRECT MORTGAGE LOANS, LLC 1 6.75% $6,498
    Strong Home Mortgage, LLC 1 6.12% $8,704
    WesBanco 1 7.25% $3,117
    DHI MORTGAGE COMPANY, LTD. 1 4.99% $4,233
    CORNERSTONE HOME LENDING, INC. 1 5.75% $16,065
    Truist 1 6.25% $10,410
    CAPITAL CENTER, L.L.C. 1 6.63% $4,410
    BROKER SOLUTIONS, INC. 1 6.25% $12,625
    U.S. Bank 1 6.13% $13,121
    Armed Forces Bank 1 6.50% $19,908
    Paramount Residential Mortgage Group, Inc. 1 6.25% $16,496
    OceanFirst Bank 1 5.63% $11,923
    AMERICAN FINANCIAL NETWORK, INC. 1 6.50% $32,573

    The top California VA lender as defined by loan originations is FIRST HOME MORTGAGE CORPORATION, with 85 VA loans originated. Their average total fees are $9,488, which is $1,760 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee California VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($6,933), UNITED WHOLESALE MORTGAGE, LLC ($7,193), BAY CAPITAL MORTGAGE CORPORATION ($7,445), VILLAGE CAPITAL MORTGAGE ($7,677) and Mortgage Research Center, LLC ($7,728).

    The lowest rate California VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.64%), VILLAGE CAPITAL MORTGAGE (5.65%), PENNYMAC LOAN SERVICES, LLC (5.79%), NAVY FEDERAL CREDIT UNION (5.87%) and EAGLE HOME MORTGAGE, LLC (5.90%).

    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.