Clearlake VA Loan Rates, Closing Costs & Stats

Clearlake, 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.

    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.