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%.

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

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.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 29 2.39% $4,238
FREEDOM MORTGAGE CORPORATION 25 2.43% $2,511
Mortgage Research Center, LLC 16 2.80% $7,969
PENNYMAC LOAN SERVICES, LLC 15 2.28% $4,736
Mr. Cooper ( Nationstar Mortgage ) 8 3.06% $4,004
AMERICAN PACIFIC MORTGAGE CORPORATION 8 2.81% $9,014
CROSSCOUNTRY MORTGAGE, LLC 8 2.91% $6,739
UNITED WHOLESALE MORTGAGE, LLC 8 2.57% $3,999
VILLAGE CAPITAL MORTGAGE 7 2.21% $5,691
The Federal Savings Bank 6 2.48% $8,328
LOANDEPOT.COM, LLC 6 2.50% $6,796
CALIBER HOME LOANS, INC. 5 2.50% $3,997
LAKEVIEW LOAN SERVICING, LLC 5 2.30% $1,770
CLEARPATH LENDING 5 2.35% $4,121
HOME POINT FINANCIAL CORPORATION 5 2.70% $3,695
Umpqua Bank 4 2.47% $6,293
GUILD MORTGAGE COMPANY 4 2.75% $3,545
GUARANTEED RATE, INC. 4 2.53% $8,696
USAA Federal Savings Bank 4 2.59% $7,850
NEWREZ LLC 4 2.62% $2,999
Flagstar Bank, FSB 3 2.58% $2,999
SOVEREIGN LENDING GROUP INCORPORATED 3 3.21% $5,375
Carrington Mortgage Services, LLC 3 2.42% $7,957
NEW DAY FINANCIAL, LLC 3 2.74% $7,914
Century Mortgage Company DBA Century Lending Company 3 3.08% $7,564
STEARNS LENDING, LLC 2 2.75% $7,814
PLAZA HOME MORTGAGE, INC. 2 2.75% $3,388
Low VA Rates, LLC 2 2.25% $3,097
FINANCE OF AMERICA MORTGAGE LLC 2 2.56% $7,005
Paramount Residential Mortgage Group, Inc. 2 3.13% $8,573
Barrington Bank & Trust Company, N.A. 2 2.31% $2,554
Nations Lending Corporation 2 2.75% $6,523
SUN WEST MORTGAGE COMPANY, INC. 1 2.38% $2,074
AmeriHome Mortgage Company, LLC 1 2.99% $2,777
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.25% $13,490
Commerce Home Mortgage, Inc. 1 3.25% $4,295
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.99% $16,574
FBC MORTGAGE, LLC 1 3.00% $16,651
First Home Bank 1 2.88% $3,514
First Savings Bank 1 2.63% $12,077
GUARANTEED RATE AFFINITY, LLC 1 3.38% $16,817
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.25% $3,381
INTELLILOAN, INC. 1 2.25% $3,101
Lakeview Community Capital, LLC 1 2.25% $1,122
Magnolia Bank 1 2.25% $4,415
MOUNTAIN WEST FINANCIAL, INC. 1 2.50% $28,251
NAVY FEDERAL CREDIT UNION 1 2.63% $2,389
NETWORK CAPITAL FUNDING CORPORATION 1 2.50% $1,120
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 2.75% $3,742
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.63% $3,578
RANLIFE, INC. 1 2.99% $3,218
S1L, Inc. 1 3.00% $16,880
AMERICAN FINANCIAL RESOURCES, INC. 1 2.63% $16,964
TRAVIS CREDIT UNION 1 2.38% $3,634

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. Louis
Date 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 for 2023-02-01 was $399,000, a difference of $11,001 (2.8%) versus the prior year and $0 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-02-01 was 0 days.

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.

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.