Clearlake VA Loan Rates, Closing Costs & Stats
Clearlake, 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.
Clearlake's 54 lenders originated 257 VA loans during 2021. The total origination value was $78,675,000, with an average VA loan value of $306,128.
Clearlake VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Clearlake
averaged
6.68%
for the week of 2023-03-17, compared to the national average (all VA variants) of
6.138% for the same period.
Clearlake's average VA mortgage closing costs are $6,419.
The average rate for the prior week (2023-03-10) was
6.86% and
one month ago for the week of 2023-02-10, the
average rate was 6.59%.
The average rate one year ago was 4.29%.
For refis of the same type during the week of 2023-03-17, the average rate
was 6.48%.
Clearlake 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 Clearlake level.
The top Clearlake VA lender as defined by loan originations is QUICKEN LOANS, LLC, with
29 VA loans originated. Their average total fees are
$4,238, which is $1,727
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Clearlake VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($2,511), QUICKEN LOANS, LLC ($4,238), PENNYMAC LOAN SERVICES, LLC ($4,736), Mortgage Research Center, LLC ($7,969) and .
The lowest rate Clearlake VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (2.28%), QUICKEN LOANS, LLC (2.39%), FREEDOM MORTGAGE CORPORATION (2.43%), Mortgage Research Center, LLC (2.80%) and .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Clearlake (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $322,250 (21.0%) | $396,242 (22.6%) | 0.00 | 320 |
2018-02-01 | $309,750 (17.4%) | $389,482 (22.4%) | 0.00 | 337 |
2018-03-01 | $325,000 (21.2%) | $399,363 (23.5%) | 0.00 | 363 |
2018-04-01 | $334,500 (23.9%) | $425,976 (21.9%) | 0.00 | 397 |
2018-05-01 | $333,500 (19.4%) | $449,943 (26.2%) | 0.00 | 438 |
2018-06-01 | $339,900 (16.9%) | $452,917 (20.1%) | 0.00 | 461 |
2018-07-01 | $331,350 (15.5%) | $436,399 (16.0%) | 0.00 | 463 |
2018-08-01 | $329,350 (13.2%) | $424,312 (12.4%) | 0.00 | 478 |
2018-09-01 | $325,000 (10.5%) | $414,076 (10.7%) | 0.00 | 488 |
2018-10-01 | $324,575 (9.3%) | $411,076 (10.3%) | 0.00 | 484 |
2018-11-01 | $317,750 (1.8%) | $406,402 (6.6%) | 0.00 | 472 |
2018-12-01 | $319,900 (-1.6%) | $413,462 (2.7%) | 0.00 | 447 |
2019-01-01 | $319,450 (-0.9%) | $391,669 (-1.2%) | 0.00 | 414 |
2019-02-01 | $316,500 (2.2%) | $387,752 (-0.4%) | 0.00 | 414 |
2019-03-01 | $321,571 (-1.1%) | $395,390 (-1.0%) | 0.00 | 405 |
2019-04-01 | $327,000 (-2.2%) | $399,684 (-6.2%) | 0.00 | 419 |
2019-05-01 | $329,950 (-1.1%) | $626,647 (39.3%) | 0.00 | 486 |
2019-06-01 | $339,200 (-0.2%) | $425,651 (-6.0%) | 0.00 | 504 |
2019-07-01 | $327,000 (-1.3%) | $425,684 (-2.5%) | 0.00 | 509 |
2019-08-01 | $317,909 (-3.5%) | $415,528 (-2.1%) | 0.00 | 506 |
2019-09-01 | $307,273 (-5.5%) | $404,190 (-2.4%) | 0.00 | 506 |
2019-10-01 | $299,450 (-7.7%) | $394,707 (-4.0%) | 0.00 | 496 |
2019-11-01 | $297,900 (-6.3%) | $385,186 (-5.2%) | 0.00 | 474 |
2019-12-01 | $282,450 (-11.7%) | $366,812 (-11.3%) | 0.00 | 435 |
2020-01-01 | $279,000 (-12.7%) | $344,109 (-12.1%) | 0.00 | 384 |
2020-02-01 | $279,900 (-11.6%) | $346,036 (-10.8%) | 0.00 | 374 |
2020-03-01 | $297,000 (-7.6%) | $373,202 (-5.6%) | 0.00 | 373 |
2020-04-01 | $310,225 (-5.1%) | $384,712 (-3.8%) | 0.00 | 349 |
2020-05-01 | $319,000 (-3.3%) | $389,006 (-37.9%) | 0.00 | 350 |
2020-06-01 | $325,000 (-4.2%) | $432,643 (1.6%) | 0.00 | 312 |
2020-07-01 | $325,000 (-0.6%) | $440,019 (3.4%) | 0.00 | 299 |
2020-08-01 | $325,000 (2.2%) | $459,405 (10.6%) | 0.00 | 232 |
2020-09-01 | $323,750 (5.4%) | $478,195 (18.3%) | 0.00 | 244 |
2020-10-01 | $329,500 (10.0%) | $493,130 (24.9%) | 0.00 | 235 |
2020-11-01 | $345,000 (15.8%) | $515,714 (33.9%) | 0.00 | 230 |
2020-12-01 | $349,499 (23.7%) | $568,477 (55.0%) | 0.00 | 203 |
2021-01-01 | $349,000 (25.1%) | $661,374 (92.2%) | 0.00 | 187 |
2021-02-01 | $357,225 (27.6%) | $669,068 (93.4%) | 0.00 | 171 |
2021-03-01 | $394,475 (32.8%) | $727,596 (95.0%) | 0.00 | 151 |
2021-04-01 | $395,000 (27.3%) | $718,060 (86.7%) | 0.00 | 154 |
2021-05-01 | $424,800 (33.2%) | $733,865 (88.7%) | 0.00 | 161 |
2021-06-01 | $399,250 (22.9%) | $706,351 (63.3%) | 0.00 | 190 |
2021-07-01 | $420,000 (29.2%) | $707,436 (60.8%) | 0.00 | 211 |
2021-08-01 | $394,375 (21.4%) | $668,248 (45.5%) | 0.00 | 250 |
2021-09-01 | $391,750 (21.0%) | $660,503 (38.1%) | 0.00 | 280 |
2021-10-01 | $389,000 (18.1%) | $657,868 (33.4%) | 0.00 | 291 |
2021-11-01 | $382,694 (10.9%) | $654,688 (27.0%) | 0.00 | 279 |
2021-12-01 | $387,000 (10.7%) | $661,134 (16.3%) | 0.00 | 253 |
2022-01-01 | $383,700 (9.9%) | $612,985 (-7.3%) | 0.00 | 214 |
2022-02-01 | $387,999 (8.6%) | $628,965 (-6.0%) | 0.00 | 190 |
2022-03-01 | $407,750 (3.4%) | $630,538 (-13.3%) | 0.00 | 231 |
2022-04-01 | $437,444 (10.8%) | $674,947 (-6.0%) | 0.00 | 250 |
2022-05-01 | $452,875 (6.6%) | $680,355 (-7.3%) | 0.00 | 290 |
2022-06-01 | $452,250 (13.3%) | $661,942 (-6.3%) | 0.00 | 331 |
2022-07-01 | $449,000 (6.9%) | $624,693 (-11.7%) | 0.00 | 366 |
2022-08-01 | $430,750 (9.2%) | $580,312 (-13.2%) | 0.00 | 386 |
2022-09-01 | $420,250 (7.3%) | $569,854 (-13.7%) | 0.00 | 404 |
2022-10-01 | $418,000 (7.5%) | $569,615 (-13.4%) | 0.00 | 387 |
2022-11-01 | $417,300 (9.0%) | $571,428 (-12.7%) | 0.00 | 352 |
2022-12-01 | $400,000 (3.4%) | $573,387 (-13.3%) | 0.00 | 310 |
2023-01-01 | $399,000 (4.0%) | $509,750 (-16.8%) | 0.00 | 265 |
2023-02-01 | $399,000 (2.8%) | $505,150 (-19.7%) | 0.00 | 259 |
Clearlake's median listing price comes in at 0% of the national average.
Clearlake's average listing price for 2023-02-01 was $505,150, a difference of $-123,815 (-19.7%) versus the prior year and $-4,600 versus the prior month.
For the 2023-02-01 period, Clearlake had 259 MLS listings, a difference of -6 listings (-2%) versus the prior month and 69 listings (36%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Clearlake (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,594 sqft |
2018-02-01 | 0 days | 1,535 sqft |
2018-03-01 | 0 days | 1,540 sqft |
2018-04-01 | 0 days | 1,620 sqft |
2018-05-01 | 0 days | 1,640 sqft |
2018-06-01 | 0 days | 1,638 sqft |
2018-07-01 | 0 days | 1,630 sqft |
2018-08-01 | 0 days | 1,621 sqft |
2018-09-01 | 0 days | 1,635 sqft |
2018-10-01 | 0 days | 1,673 sqft |
2018-11-01 | 0 days | 1,600 sqft |
2018-12-01 | 0 days | 1,595 sqft |
2019-01-01 | 0 days | 1,557 sqft |
2019-02-01 | 0 days | 1,542 sqft |
2019-03-01 | 0 days | 1,539 sqft |
2019-04-01 | 0 days | 1,560 sqft |
2019-05-01 | 0 days | 1,580 sqft |
2019-06-01 | 0 days | 1,597 sqft |
2019-07-01 | 0 days | 1,590 sqft |
2019-08-01 | 0 days | 1,575 sqft |
2019-09-01 | 0 days | 1,560 sqft |
2019-10-01 | 0 days | 1,552 sqft |
2019-11-01 | 0 days | 1,509 sqft |
2019-12-01 | 0 days | 1,469 sqft |
2020-01-01 | 0 days | 1,436 sqft |
2020-02-01 | 0 days | 1,440 sqft |
2020-03-01 | 0 days | 1,468 sqft |
2020-04-01 | 0 days | 1,494 sqft |
2020-05-01 | 0 days | 1,512 sqft |
2020-06-01 | 0 days | 1,546 sqft |
2020-07-01 | 0 days | 1,557 sqft |
2020-08-01 | 0 days | 1,557 sqft |
2020-09-01 | 0 days | 1,500 sqft |
2020-10-01 | 0 days | 1,529 sqft |
2020-11-01 | 0 days | 1,533 sqft |
2020-12-01 | 0 days | 1,580 sqft |
2021-01-01 | 0 days | 1,516 sqft |
2021-02-01 | 0 days | 1,593 sqft |
2021-03-01 | 0 days | 1,633 sqft |
2021-04-01 | 0 days | 1,547 sqft |
2021-05-01 | 0 days | 1,628 sqft |
2021-06-01 | 0 days | 1,520 sqft |
2021-07-01 | 0 days | 1,500 sqft |
2021-08-01 | 0 days | 1,541 sqft |
2021-09-01 | 0 days | 1,550 sqft |
2021-10-01 | 0 days | 1,547 sqft |
2021-11-01 | 0 days | 1,524 sqft |
2021-12-01 | 0 days | 1,548 sqft |
2022-01-01 | 0 days | 1,531 sqft |
2022-02-01 | 0 days | 1,557 sqft |
2022-03-01 | 0 days | 1,596 sqft |
2022-04-01 | 0 days | 1,600 sqft |
2022-05-01 | 0 days | 1,656 sqft |
2022-06-01 | 0 days | 1,666 sqft |
2022-07-01 | 0 days | 1,652 sqft |
2022-08-01 | 0 days | 1,606 sqft |
2022-09-01 | 0 days | 1,566 sqft |
2022-10-01 | 0 days | 1,553 sqft |
2022-11-01 | 0 days | 1,555 sqft |
2022-12-01 | 0 days | 1,561 sqft |
2023-01-01 | 0 days | 1,542 sqft |
2023-02-01 | 0 days | 1,553 sqft |
Clearlake's median square footage for active listings during the 2023-02-01 period was 1,553 sqft. One year prior, the average listing was 1,557 sqft.