Chico VA Loan Rates, Closing Costs & Stats

CHICO, CA

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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.

    Chico's 36 lenders originated 148 VA loans during 2023. The total origination value was $57,970,000, with an average VA loan value of $391,689.

    Chico VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Chico averaged 7.09% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Chico's average VA mortgage closing costs are $6,526.

    The average rate for the prior week (2024-04-12) was 6.62% and one month ago for the week of 2024-03-15, the average rate was 6.39%.

    The average rate one year ago was 5.98%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7%.

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

    Chico 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 Chico level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 22 6.21% $6,345
    Mortgage Research Center, LLC 15 6.67% $6,122
    QUICKEN LOANS, LLC 11 6.31% $8,563
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.50% $13,727
    GUILD MORTGAGE COMPANY 8 6.38% $10,101
    MASON MCDUFFIE MORTGAGE CORPORATION 8 6.31% $14,570
    CALIBER HOME LOANS, INC. 5 6.13% $12,018
    PENNYMAC LOAN SERVICES, LLC 4 5.78% $11,654
    Century Mortgage Company DBA Century Lending Company 4 6.75% $7,393
    USAA Federal Savings Bank 4 6.38% $7,482
    Paramount Residential Mortgage Group, Inc. 4 6.22% $24,991
    NEW DAY FINANCIAL, LLC 3 6.79% $10,711
    NEWREZ LLC 3 6.71% $16,572
    Plains Commerce Bank 3 5.96% $11,920
    LOANDEPOT.COM, LLC 3 6.16% $10,703
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.25% $10,837
    NAVY FEDERAL CREDIT UNION 3 5.83% $3,967
    Sierra Pacific Mortgage Company, Inc. 2 4.94% $12,629
    VILLAGE CAPITAL MORTGAGE 2 6.32% $8,434
    Mid-Continent Funding, Inc. 2 6.00% $13,331
    DHI MORTGAGE COMPANY, LTD. 2 5.49% $3,795
    Flagstar Bank, FSB 2 5.88% $9,431
    Wells Fargo Bank 1 4.75% $18,681
    BROKER SOLUTIONS, INC. 1 6.25% $5,283
    CARDINAL FINANCIAL 1 6.38% $14,860
    FREEDOM MORTGAGE CORPORATION 1 5.50% $16,653
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.00% $2,925
    MOVEMENT MORTGAGE, LLC 1 7.25% $10,901
    NFM, INC. 1 7.63% $12,109
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $10,339
    PLAZA HOME MORTGAGE, INC. 1 5.63% $33,329
    S1L, Inc. 1 6.25% $21,458
    SOUTHWEST STAGE FUNDING, LLC 1 7.88% $2,573
    The Federal Savings Bank 1 8.25% $19,522
    TRAVIS CREDIT UNION 1 7.13% $4,205
    Barrington Bank & Trust Company, N.A. 1 6.75% $7,387

    The top Chico VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 22 VA loans originated. Their average total fees are $6,345, which is $224 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Chico VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,122), UNITED WHOLESALE MORTGAGE, LLC ($6,345), QUICKEN LOANS, LLC ($8,563), .

    The lowest rate Chico VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.21%), QUICKEN LOANS, LLC (6.31%), Mortgage Research Center, LLC (6.67%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Chico (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 $287,450 (-0.1%) $381,482 (10.3%) 1.07 415
    2018-02-01 $293,750 (2.1%) $380,820 (7.5%) 1.07 421
    2018-03-01 $329,000 (14.3%) $409,710 (16.5%) 1.15 470
    2018-04-01 $324,950 (12.4%) $390,656 (5.7%) 1.10 520
    2018-05-01 $329,625 (12.6%) $394,542 (4.6%) 1.10 588
    2018-06-01 $319,000 (9.6%) $383,183 (4.3%) 1.06 628
    2018-07-01 $323,475 (12.4%) $387,403 (7.5%) 1.08 679
    2018-08-01 $316,375 (9.9%) $376,846 (3.3%) 1.06 711
    2018-09-01 $315,500 (9.6%) $366,600 (-1.6%) 1.06 731
    2018-10-01 $312,500 (8.3%) $367,177 (-1.3%) 1.06 726
    2018-11-01 $302,438 (5.1%) $370,054 (0.0%) 1.03 574
    2018-12-01 $329,000 (14.3%) $392,817 (4.0%) 1.13 342
    2019-01-01 $334,500 (16.4%) $391,621 (2.7%) 1.16 395
    2019-02-01 $333,125 (13.4%) $384,086 (0.9%) 1.13 412
    2019-03-01 $346,714 (5.4%) $397,138 (-3.1%) 1.13 388
    2019-04-01 $366,214 (12.7%) $416,363 (6.6%) 1.16 400
    2019-05-01 $370,000 (12.3%) $427,475 (8.4%) 1.16 498
    2019-06-01 $369,000 (15.7%) $424,173 (10.7%) 1.15 554
    2019-07-01 $358,255 (10.8%) $421,912 (8.9%) 1.12 613
    2019-08-01 $355,462 (12.4%) $421,463 (11.8%) 1.13 629
    2019-09-01 $352,390 (11.7%) $421,589 (15.0%) 1.13 613
    2019-10-01 $350,000 (12.0%) $421,673 (14.8%) 1.13 585
    2019-11-01 $349,500 (15.6%) $423,281 (14.4%) 1.15 528
    2019-12-01 $351,715 (6.9%) $431,692 (9.9%) 1.17 464
    2020-01-01 $362,500 (8.4%) $445,568 (13.8%) 1.21 389
    2020-02-01 $379,500 (13.9%) $440,942 (14.8%) 1.24 351
    2020-03-01 $389,000 (12.2%) $454,168 (14.4%) 1.22 346
    2020-04-01 $399,000 (9.0%) $466,651 (12.1%) 1.25 347
    2020-05-01 $418,000 (13.0%) $474,953 (11.1%) 1.27 364
    2020-06-01 $424,000 (14.9%) $475,467 (12.1%) 1.25 345
    2020-07-01 $402,500 (12.4%) $479,779 (13.7%) 1.17 305
    2020-08-01 $417,000 (17.3%) $480,119 (13.9%) 1.19 307
    2020-09-01 $399,750 (13.4%) $473,628 (12.3%) 1.15 288
    2020-10-01 $398,000 (13.7%) $460,962 (9.3%) 1.14 308
    2020-11-01 $389,000 (11.3%) $456,687 (7.9%) 1.14 321
    2020-12-01 $399,000 (13.4%) $459,476 (6.4%) 1.19 266
    2021-01-01 $399,500 (10.2%) $464,709 (4.3%) 1.19 244
    2021-02-01 $421,875 (11.2%) $511,847 (16.1%) 1.23 234
    2021-03-01 $417,500 (7.3%) $514,203 (13.2%) 1.18 233
    2021-04-01 $430,250 (7.8%) $547,253 (17.3%) 1.16 224
    2021-05-01 $450,000 (7.7%) $562,905 (18.5%) 1.20 236
    2021-06-01 $452,250 (6.7%) $564,564 (18.7%) 1.19 252
    2021-07-01 $447,000 (11.1%) $550,888 (14.8%) 1.18 282
    2021-08-01 $433,750 (4.0%) $510,201 (6.3%) 1.16 312
    2021-09-01 $437,450 (9.4%) $502,209 (6.0%) 1.17 317
    2021-10-01 $449,000 (12.8%) $541,429 (17.5%) 1.20 324
    2021-11-01 $450,000 (15.7%) $555,696 (21.7%) 1.20 287
    2021-12-01 $449,000 (12.5%) $543,326 (18.3%) 1.22 245
    2022-01-01 $442,500 (10.8%) $541,457 (16.5%) 1.20 198
    2022-02-01 $449,950 (6.7%) $535,830 (4.7%) 1.17 211
    2022-03-01 $449,225 (7.6%) $523,628 (1.8%) 1.12 226
    2022-04-01 $480,000 (11.6%) $553,498 (1.1%) 1.14 264
    2022-05-01 $472,000 (4.9%) $888,874 (57.9%) 1.08 341
    2022-06-01 $468,750 (3.7%) $547,222 (-3.1%) 1.04 391
    2022-07-01 $455,000 (1.8%) $532,510 (-3.3%) 1.03 482
    2022-08-01 $457,450 (5.5%) $529,080 (3.7%) 1.06 523
    2022-09-01 $450,000 (2.9%) $517,905 (3.1%) 1.05 509
    2022-10-01 $444,900 (-0.9%) $515,680 (-4.8%) 1.05 509
    2022-11-01 $434,950 (-3.3%) $510,628 (-8.1%) 1.05 480
    2022-12-01 $435,000 (-3.1%) $513,784 (-5.4%) 1.07 446
    2023-01-01 $423,000 (-4.4%) $506,806 (-6.4%) 1.05 382
    2023-02-01 $427,113 (-5.1%) $519,039 (-3.1%) 1.03 342
    2023-03-01 $431,175 (-4.0%) $518,304 (-1.0%) 1.02 318
    2023-04-01 $438,500 (-8.7%) $521,388 (-5.8%) 1.02 302
    2023-05-01 $429,975 (-8.9%) $519,607 (-41.5%) 0.98 339
    2023-06-01 $429,113 (-8.5%) $516,580 (-5.6%) 0.96 359
    2023-07-01 $429,925 (-5.5%) $514,767 (-3.3%) 0.98 366
    2023-08-01 $433,625 (-5.2%) $521,724 (-1.4%) 1.00 374
    2023-09-01 $425,000 (-5.6%) $510,437 (-1.4%) 0.99 406
    2023-10-01 $426,975 (-4.0%) $506,339 (-1.8%) 1.00 426
    2023-11-01 $439,500 (1.1%) $557,197 (9.1%) 1.05 420
    2023-12-01 $431,750 (-0.8%) $541,538 (5.4%) 1.05 360
    2024-01-01 $424,950 (0.5%) $525,493 (3.7%) 1.04 328
    2024-02-01 $420,925 (-1.5%) $522,244 (0.6%) 1.01 316
    2024-03-01 $430,000 (-0.3%) $528,711 (2.0%) 1.01 349
    Chico's median listing price for 2024-03-01 was $430,000, a difference of $-1,175 (-0.3%) versus the prior year and $9,075 versus the prior month.

    Chico's median listing price comes in at 101% of the national average.

    Chico's average listing price for 2024-03-01 was $528,711, a difference of $10,407 (2.0%) versus the prior year and $6,467 versus the prior month.

    For the 2024-03-01 period, Chico had 349 MLS listings, a difference of 33 listings (10%) versus the prior month and 31 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Chico (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 55 days 1,621 sqft
    2018-02-01 38 days 1,610 sqft
    2018-03-01 31 days 1,694 sqft
    2018-04-01 39 days 1,667 sqft
    2018-05-01 34 days 1,708 sqft
    2018-06-01 36 days 1,681 sqft
    2018-07-01 39 days 1,673 sqft
    2018-08-01 44 days 1,639 sqft
    2018-09-01 48 days 1,615 sqft
    2018-10-01 53 days 1,615 sqft
    2018-11-01 55 days 1,629 sqft
    2018-12-01 25 days 1,615 sqft
    2019-01-01 30 days 1,594 sqft
    2019-02-01 32 days 1,557 sqft
    2019-03-01 40 days 1,588 sqft
    2019-04-01 43 days 1,632 sqft
    2019-05-01 36 days 1,640 sqft
    2019-06-01 38 days 1,684 sqft
    2019-07-01 45 days 1,699 sqft
    2019-08-01 49 days 1,684 sqft
    2019-09-01 54 days 1,684 sqft
    2019-10-01 59 days 1,688 sqft
    2019-11-01 65 days 1,714 sqft
    2019-12-01 75 days 1,715 sqft
    2020-01-01 77 days 1,710 sqft
    2020-02-01 80 days 1,712 sqft
    2020-03-01 60 days 1,755 sqft
    2020-04-01 63 days 1,833 sqft
    2020-05-01 64 days 1,855 sqft
    2020-06-01 54 days 1,865 sqft
    2020-07-01 62 days 1,856 sqft
    2020-08-01 51 days 1,830 sqft
    2020-09-01 55 days 1,756 sqft
    2020-10-01 52 days 1,748 sqft
    2020-11-01 49 days 1,749 sqft
    2020-12-01 72 days 1,753 sqft
    2021-01-01 82 days 1,736 sqft
    2021-02-01 63 days 1,728 sqft
    2021-03-01 54 days 1,708 sqft
    2021-04-01 47 days 1,729 sqft
    2021-05-01 36 days 1,791 sqft
    2021-06-01 40 days 1,755 sqft
    2021-07-01 40 days 1,729 sqft
    2021-08-01 45 days 1,702 sqft
    2021-09-01 51 days 1,713 sqft
    2021-10-01 44 days 1,731 sqft
    2021-11-01 51 days 1,729 sqft
    2021-12-01 53 days 1,702 sqft
    2022-01-01 57 days 1,626 sqft
    2022-02-01 36 days 1,655 sqft
    2022-03-01 35 days 1,646 sqft
    2022-04-01 33 days 1,722 sqft
    2022-05-01 36 days 1,732 sqft
    2022-06-01 37 days 1,714 sqft
    2022-07-01 39 days 1,693 sqft
    2022-08-01 46 days 1,711 sqft
    2022-09-01 58 days 1,690 sqft
    2022-10-01 65 days 1,680 sqft
    2022-11-01 64 days 1,709 sqft
    2022-12-01 73 days 1,712 sqft
    2023-01-01 82 days 1,707 sqft
    2023-02-01 81 days 1,709 sqft
    2023-03-01 72 days 1,676 sqft
    2023-04-01 59 days 1,674 sqft
    2023-05-01 43 days 1,670 sqft
    2023-06-01 46 days 1,668 sqft
    2023-07-01 51 days 1,653 sqft
    2023-08-01 50 days 1,669 sqft
    2023-09-01 51 days 1,658 sqft
    2023-10-01 55 days 1,638 sqft
    2023-11-01 58 days 1,674 sqft
    2023-12-01 68 days 1,671 sqft
    2024-01-01 78 days 1,655 sqft
    2024-02-01 78 days 1,632 sqft
    2024-03-01 61 days 1,654 sqft
    Chico's median listing age (time on market) for 2024-03-01 was 61 days. This is -16% shorter than the same period one year ago.

    Chico's median square footage for active listings during the 2024-03-01 period was 1,654 sqft. One year prior, the average listing was 1,676 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.