Chico VA Loan Rates, Closing Costs & Stats

CHICO, CA

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 49 lenders originated 205 VA loans during 2024. The total origination value was $80,765,000, with an average VA loan value of $393,976.

Chico VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Chico averaged 0.25% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

Chico's average VA mortgage closing costs are $6,635.

The average rate for the prior week (2025-06-13) was 6.8% and one month ago for the week of 2025-05-16, the average rate was 6.76%.

The average rate one year ago was 6.66%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.17%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 49 5.89% $5,939
Mortgage Research Center, LLC 37 6.25% $6,009
QUICKEN LOANS, LLC 15 6.12% $9,395
NEWREZ LLC 7 6.21% $13,143
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.63% $14,825
FREEDOM MORTGAGE CORPORATION 6 5.85% $7,105
Paramount Residential Mortgage Group, Inc. 4 6.59% $6,567
Flagstar Bank, FSB 4 6.12% $11,826
NAVY FEDERAL CREDIT UNION 3 6.21% $1,741
DHI MORTGAGE COMPANY, LTD. 3 5.12% $11,700
CLEARPATH LENDING 3 5.67% $6,929
Plains Commerce Bank 3 6.42% $15,578
Equity Prime Mortgage LLC 3 5.83% $9,056
PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.00% $11,990
AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.25% $10,593
Ameris Bank 3 5.88% $9,105
Commerce Home Mortgage, Inc. 3 6.46% $9,094
CMG MORTGAGE, INC. 2 6.31% $12,268
Armed Forces Bank 2 6.44% $3,578
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.44% $27,514
PENNYMAC LOAN SERVICES, LLC 2 6.31% $7,667
PLAZA HOME MORTGAGE, INC. 2 5.94% $5,740
GUARANTEED RATE, INC. 2 5.25% $3,322
Century Mortgage Company DBA Century Lending Company 2 5.94% $3,270
Lakeview Community Capital, LLC 2 5.69% $7,149
Wells Fargo Bank 1 6.13% $5,969
American Mortgage & Equity Consultants, Inc. 1 7.13% $12,004
AmeriHome Mortgage Company, LLC 1 6.13% $5,601
CARDINAL FINANCIAL 1 6.75% $14,712
Carrington Mortgage Services, LLC 1 5.50% $20,325
CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $15,402
GUILD MORTGAGE COMPANY 1 6.50% $8,140
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.49% $15,014
JPMorgan Chase Bank 1 6.00% $7,336
LAKEVIEW LOAN SERVICING, LLC 1 5.50% $5,502
LOANDEPOT.COM, LLC 1 5.75% $2,053
MASON MCDUFFIE MORTGAGE CORPORATION 1 6.00% $17,087
MORTGAGEONE, INC. 1 7.50% $7,718
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $267
ON Q FINANCIAL, INC. 1 7.13% $2,365
PENTAGON FEDERAL CREDIT UNION 1 6.63% $7,296
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $579
Sierra Pacific Mortgage Company, Inc. 1 5.75% $2,631
SUN WEST MORTGAGE COMPANY, INC. 1 6.25% $12,951
The Federal Savings Bank 1 6.50% $17,875
The Loan Store, Inc. 1 6.75% $10,221
USAA Federal Savings Bank 1 6.00% $3,742
VILLAGE CAPITAL MORTGAGE 1 5.75% $6,769
AMERICAN FINANCIAL NETWORK, INC. 1 6.88% $12,434

The top Chico VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 49 VA loans originated. Their average total fees are $5,939, which is $70 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Chico VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($5,939), Mortgage Research Center, LLC ($6,009), QUICKEN LOANS, LLC ($9,395), .

The lowest rate Chico VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.89%), QUICKEN LOANS, LLC (6.12%), Mortgage Research Center, LLC (6.25%), .

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.