Crescent City VA Loan Rates, Closing Costs & Stats

Crescent City, 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.

    Crescent City's 10 lenders originated 21 VA loans during 2023. The total origination value was $6,645,000, with an average VA loan value of $316,429.

    Crescent City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Crescent City averaged 0.36% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Crescent City's average VA mortgage closing costs are $6,423.

    The average rate for the prior week (2024-11-08) was 6.57% and one month ago for the week of 2024-10-11, the average rate was 6.44%.

    The average rate one year ago was 7.43%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

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

    Crescent City 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 Crescent City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 4 6.72% $11,094
    UNITED WHOLESALE MORTGAGE, LLC 3 6.03% $8,816
    MASON MCDUFFIE MORTGAGE CORPORATION 2 6.13% $9,670
    NAVY FEDERAL CREDIT UNION 1 5.88% $2,394
    Paramount Residential Mortgage Group, Inc. 1 6.75% $15,832
    USAA Federal Savings Bank 1 6.00% $10,461
    ACADEMY MORTGAGE CORPORATION 1 5.75% $8,108
    VILLAGE CAPITAL MORTGAGE 1 7.88% $8,875
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $4,019
    LOANDEPOT.COM, LLC 1 6.13% $13,578

    The top Crescent City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4 VA loans originated. Their average total fees are $11,094, which is $2,277 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Crescent City VA lenders (with over 10 loans originated) are .

    The lowest rate Crescent City VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Crescent City (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 $289,000 (6.1%) $325,733 (-5.3%) 0.00 116
    2018-02-01 $287,375 (3.0%) $329,301 (-4.0%) 0.00 102
    2018-03-01 $299,500 (8.9%) $338,333 (1.7%) 0.00 101
    2018-04-01 $297,000 (9.0%) $330,799 (-2.4%) 0.00 107
    2018-05-01 $317,125 (13.7%) $360,822 (5.7%) 0.00 125
    2018-06-01 $315,000 (6.4%) $385,132 (8.1%) 0.00 109
    2018-07-01 $299,000 (-8.8%) $380,856 (2.6%) 0.00 114
    2018-08-01 $285,000 (-11.6%) $365,400 (3.4%) 0.00 109
    2018-09-01 $315,000 (7.9%) $378,960 (10.6%) 0.00 104
    2018-10-01 $298,500 (3.3%) $379,939 (10.9%) 0.00 99
    2018-11-01 $304,750 (7.0%) $390,729 (18.5%) 0.00 95
    2018-12-01 $347,000 (21.4%) $416,465 (30.6%) 0.00 93
    2019-01-01 $355,000 (22.8%) $417,285 (28.1%) 0.00 101
    2019-02-01 $355,000 (23.5%) $438,539 (33.2%) 0.00 107
    2019-03-01 $366,429 (22.4%) $464,580 (37.3%) 0.00 100
    2019-04-01 $379,000 (27.6%) $482,761 (45.9%) 0.00 93
    2019-05-01 $370,500 (16.8%) $471,644 (30.7%) 0.00 100
    2019-06-01 $361,500 (14.8%) $471,379 (22.4%) 0.00 102
    2019-07-01 $370,750 (24.0%) $488,325 (28.2%) 0.00 115
    2019-08-01 $360,623 (26.5%) $475,142 (30.0%) 0.00 126
    2019-09-01 $351,807 (11.7%) $462,072 (21.9%) 0.00 135
    2019-10-01 $345,930 (15.9%) $448,265 (18.0%) 0.00 142
    2019-11-01 $350,000 (14.9%) $447,067 (14.4%) 0.00 122
    2019-12-01 $382,750 (10.3%) $457,687 (9.9%) 0.00 123
    2020-01-01 $389,000 (9.6%) $487,007 (16.7%) 0.00 106
    2020-02-01 $385,000 (8.5%) $495,862 (13.1%) 0.00 104
    2020-03-01 $378,375 (3.3%) $467,517 (0.6%) 0.00 119
    2020-04-01 $382,500 (0.9%) $474,606 (-1.7%) 0.00 112
    2020-05-01 $389,000 (5.0%) $480,161 (1.8%) 0.00 108
    2020-06-01 $393,725 (8.9%) $507,767 (7.7%) 0.00 103
    2020-07-01 $375,000 (1.2%) $454,645 (-6.9%) 0.00 142
    2020-08-01 $375,000 (4.0%) $453,988 (-4.5%) 0.00 145
    2020-09-01 $381,663 (8.5%) $451,755 (-2.2%) 0.00 129
    2020-10-01 $394,000 (13.9%) $475,536 (6.1%) 0.00 111
    2020-11-01 $389,000 (11.1%) $579,775 (29.7%) 0.00 110
    2020-12-01 $389,000 (1.6%) $603,147 (31.8%) 0.00 97
    2021-01-01 $387,413 (-0.4%) $614,168 (26.1%) 0.00 75
    2021-02-01 $361,250 (-6.2%) $638,472 (28.8%) 0.00 74
    2021-03-01 $367,250 (-2.9%) $640,719 (37.1%) 0.00 73
    2021-04-01 $375,000 (-2.0%) $639,485 (34.7%) 0.00 71
    2021-05-01 $395,900 (1.8%) $502,365 (4.6%) 0.00 68
    2021-06-01 $399,250 (1.4%) $519,927 (2.4%) 0.00 84
    2021-07-01 $399,000 (6.4%) $529,480 (16.5%) 0.00 86
    2021-08-01 $425,000 (13.3%) $521,460 (14.9%) 0.00 104
    2021-09-01 $403,175 (5.6%) $513,910 (13.8%) 0.00 102
    2021-10-01 $395,450 (0.4%) $515,403 (8.4%) 0.00 100
    2021-11-01 $399,000 (2.6%) $510,674 (-11.9%) 0.00 86
    2021-12-01 $411,500 (5.8%) $536,651 (-11.0%) 0.00 74
    2022-01-01 $411,500 (6.2%) $509,179 (-17.1%) 0.00 70
    2022-02-01 $422,475 (17.0%) $541,231 (-15.2%) 0.00 69
    2022-03-01 $415,625 (13.2%) $517,452 (-19.2%) 0.00 78
    2022-04-01 $410,000 (9.3%) $502,143 (-21.5%) 0.00 77
    2022-05-01 $449,750 (13.6%) $522,386 (4.0%) 0.00 79
    2022-06-01 $454,500 (13.8%) $534,914 (2.9%) 0.00 87
    2022-07-01 $449,500 (12.7%) $536,266 (1.3%) 0.00 97
    2022-08-01 $456,950 (7.5%) $553,172 (6.1%) 0.00 86
    2022-09-01 $449,225 (11.4%) $546,743 (6.4%) 0.00 73
    2022-10-01 $437,000 (10.5%) $552,114 (7.1%) 0.00 70
    2022-11-01 $401,450 (0.6%) $523,568 (2.5%) 0.00 65
    2022-12-01 $427,500 (3.9%) $540,027 (0.6%) 0.00 63
    2023-01-01 $416,475 (1.2%) $542,889 (6.6%) 0.00 68
    2023-02-01 $423,250 (0.2%) $541,974 (0.1%) 0.00 67
    2023-03-01 $457,725 (10.1%) $587,677 (13.6%) 0.00 70
    2023-04-01 $435,750 (6.3%) $559,658 (11.5%) 0.00 82
    2023-05-01 $447,450 (-0.5%) $585,877 (12.2%) 0.00 78
    2023-06-01 $476,200 (4.8%) $589,124 (10.1%) 0.00 80
    2023-07-01 $444,500 (-1.1%) $591,979 (10.4%) 0.00 86
    2023-08-01 $439,500 (-3.8%) $605,387 (9.4%) 0.00 85
    2023-09-01 $449,000 (-0.1%) $606,565 (10.9%) 0.00 86
    2023-10-01 $458,500 (4.9%) $613,036 (11.0%) 0.00 88
    2023-11-01 $466,000 (16.1%) $603,389 (15.3%) 0.00 88
    2023-12-01 $449,000 (5.0%) $589,671 (9.2%) 0.00 87
    2024-01-01 $475,750 (14.2%) $576,258 (6.2%) 0.00 87
    2024-02-01 $484,250 (14.4%) $564,123 (4.1%) 0.00 79
    2024-03-01 $489,900 (7.0%) $611,533 (4.1%) 0.00 80
    2024-04-01 $499,999 (14.7%) $620,956 (11.0%) 0.00 88
    2024-05-01 $517,500 (15.7%) $635,541 (8.5%) 0.00 96
    2024-06-01 $488,750 (2.6%) $612,594 (4.0%) 0.00 106
    2024-07-01 $475,500 (7.0%) $587,856 (-0.7%) 0.00 112
    2024-08-01 $439,000 (-0.1%) $568,645 (-6.1%) 0.00 117
    2024-09-01 $444,125 (-1.1%) $582,608 (-4.0%) 0.00 113
    2024-10-01 $449,375 (-2.0%) $551,619 (-10.0%) 0.00 116
    Crescent City's median listing price for 2024-10-01 was $449,375, a difference of $-9,125 (-2.0%) versus the prior year and $5,250 versus the prior month.

    Crescent City's median listing price comes in at 0% of the national average.

    Crescent City's average listing price for 2024-10-01 was $551,619, a difference of $-61,417 (-10.0%) versus the prior year and $-30,989 versus the prior month.

    For the 2024-10-01 period, Crescent City had 116 MLS listings, a difference of 3 listings (3%) versus the prior month and 28 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Crescent City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,733 sqft
    2018-02-01 0 days 1,756 sqft
    2018-03-01 0 days 1,844 sqft
    2018-04-01 0 days 1,842 sqft
    2018-05-01 0 days 1,849 sqft
    2018-06-01 0 days 1,878 sqft
    2018-07-01 0 days 1,801 sqft
    2018-08-01 0 days 1,715 sqft
    2018-09-01 0 days 1,698 sqft
    2018-10-01 0 days 1,560 sqft
    2018-11-01 0 days 1,560 sqft
    2018-12-01 0 days 1,580 sqft
    2019-01-01 0 days 1,615 sqft
    2019-02-01 0 days 1,686 sqft
    2019-03-01 0 days 1,826 sqft
    2019-04-01 0 days 1,902 sqft
    2019-05-01 0 days 1,837 sqft
    2019-06-01 0 days 1,822 sqft
    2019-07-01 0 days 1,846 sqft
    2019-08-01 0 days 1,849 sqft
    2019-09-01 0 days 1,820 sqft
    2019-10-01 0 days 1,806 sqft
    2019-11-01 0 days 1,844 sqft
    2019-12-01 0 days 1,854 sqft
    2020-01-01 0 days 1,863 sqft
    2020-02-01 0 days 1,894 sqft
    2020-03-01 0 days 1,874 sqft
    2020-04-01 0 days 1,885 sqft
    2020-05-01 0 days 1,844 sqft
    2020-06-01 0 days 1,901 sqft
    2020-07-01 0 days 1,844 sqft
    2020-08-01 0 days 1,844 sqft
    2020-09-01 0 days 1,852 sqft
    2020-10-01 0 days 1,872 sqft
    2020-11-01 0 days 1,880 sqft
    2020-12-01 0 days 1,866 sqft
    2021-01-01 0 days 1,844 sqft
    2021-02-01 0 days 1,702 sqft
    2021-03-01 0 days 1,707 sqft
    2021-04-01 0 days 1,691 sqft
    2021-05-01 0 days 1,699 sqft
    2021-06-01 0 days 1,725 sqft
    2021-07-01 0 days 1,699 sqft
    2021-08-01 0 days 1,700 sqft
    2021-09-01 0 days 1,653 sqft
    2021-10-01 0 days 1,631 sqft
    2021-11-01 0 days 1,715 sqft
    2021-12-01 0 days 1,733 sqft
    2022-01-01 0 days 1,752 sqft
    2022-02-01 0 days 1,727 sqft
    2022-03-01 0 days 1,718 sqft
    2022-04-01 0 days 1,704 sqft
    2022-05-01 0 days 1,840 sqft
    2022-06-01 0 days 1,844 sqft
    2022-07-01 0 days 1,785 sqft
    2022-08-01 0 days 1,740 sqft
    2022-09-01 0 days 1,732 sqft
    2022-10-01 0 days 1,828 sqft
    2022-11-01 0 days 1,711 sqft
    2022-12-01 0 days 1,782 sqft
    2023-01-01 0 days 1,805 sqft
    2023-02-01 0 days 1,822 sqft
    2023-03-01 0 days 1,827 sqft
    2023-04-01 0 days 1,770 sqft
    2023-05-01 0 days 1,773 sqft
    2023-06-01 0 days 1,757 sqft
    2023-07-01 0 days 1,740 sqft
    2023-08-01 0 days 1,760 sqft
    2023-09-01 0 days 1,779 sqft
    2023-10-01 0 days 1,804 sqft
    2023-11-01 0 days 1,788 sqft
    2023-12-01 0 days 1,764 sqft
    2024-01-01 0 days 1,783 sqft
    2024-02-01 0 days 1,830 sqft
    2024-03-01 0 days 1,844 sqft
    2024-04-01 0 days 1,915 sqft
    2024-05-01 0 days 1,923 sqft
    2024-06-01 0 days 1,833 sqft
    2024-07-01 0 days 1,745 sqft
    2024-08-01 0 days 1,617 sqft
    2024-09-01 0 days 1,650 sqft
    2024-10-01 0 days 1,660 sqft
    Crescent City's median listing age (time on market) for 2024-10-01 was 0 days.

    Crescent City's median square footage for active listings during the 2024-10-01 period was 1,660 sqft. One year prior, the average listing was 1,804 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.