Fresno VA Loan Rates, Closing Costs & Stats

FRESNO, 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.

Fresno's 73 lenders originated 450 VA loans during 2023. The total origination value was $183,460,000, with an average VA loan value of $407,689.

Fresno VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Fresno averaged 6.76% for the week of 2024-05-24, compared to the national average (all VA variants) of 6.567% for the same period.

Fresno's average VA mortgage closing costs are $6,333.

The average rate for the prior week (2024-05-17) was 6.39% and one month ago for the week of 2024-04-19, the average rate was 7.06%.

The average rate one year ago was 6.23%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.9%.

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

Fresno 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 Fresno level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 96 6.09% $9,314
Mortgage Research Center, LLC 48 6.72% $8,180
QUICKEN LOANS, LLC 36 6.06% $11,446
ALAMEDA MORTGAGE CORPORATION 22 6.44% $13,232
FREEDOM MORTGAGE CORPORATION 17 6.47% $15,372
Century Mortgage Company DBA Century Lending Company 15 6.43% $10,901
NAVY FEDERAL CREDIT UNION 15 5.61% $5,422
EAGLE HOME MORTGAGE, LLC 15 5.84% $4,400
PENNYMAC LOAN SERVICES, LLC 11 5.39% $8,406
LOANDEPOT.COM, LLC 9 5.93% $12,957
CMG MORTGAGE, INC. 9 5.87% $13,464
KBHS HOME LOANS, LLC 8 6.66% $6,257
The Federal Savings Bank 8 6.38% $15,885
INSPIRE HOME LOANS INC. 7 5.09% $5,374
NEW DAY FINANCIAL, LLC 7 7.27% $14,674
Sierra Pacific Mortgage Company, Inc. 6 6.50% $15,353
PLAZA HOME MORTGAGE, INC. 6 6.42% $11,782
USAA Federal Savings Bank 5 6.28% $11,267
CROSSCOUNTRY MORTGAGE, LLC 5 6.13% $10,860
GUARANTEED RATE, INC. 5 6.14% $4,864
PREMIER MORTGAGE RESOURCES, L.L.C. 5 6.47% $12,839
CARDINAL FINANCIAL 5 5.93% $12,822
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.53% $11,705
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.22% $16,316
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.00% $6,520
VILLAGE CAPITAL MORTGAGE 4 5.91% $15,915
BROKER SOLUTIONS, INC. 3 5.96% $12,890
SUN WEST MORTGAGE COMPANY, INC. 3 6.29% $9,520
AMERICAN FINANCIAL NETWORK, INC. 3 6.54% $8,888
NEWREZ LLC 2 6.25% $17,448
Nations Lending Corporation 2 7.00% $16,501
Magnolia Bank 2 6.63% $18,492
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.13% $19,517
Barrington Bank & Trust Company, N.A. 2 7.25% $10,042
RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 7.18% $21,617
Paramount Residential Mortgage Group, Inc. 2 6.88% $7,560
GUILD MORTGAGE COMPANY 2 7.13% $9,569
NATIONS DIRECT MORTGAGE, LLC 1 5.63% $6,331
NBKC BANK 1 6.00% $3,576
Bank of England 1 6.00% $7,664
NFM, INC. 1 5.38% $14,374
NORWICH COMMERCIAL GROUP, INC. 1 6.75% $7,153
DHI MORTGAGE COMPANY, LTD. 1 5.50% $3,889
Plains Commerce Bank 1 5.00% $13,285
PLANET HOME LENDING, LLC 1 5.25% $7,440
Prosperity Home Mortgage, LLC 1 6.63% $3,945
SCENIC OAKS FUNDING, INC. 1 6.00% $19,813
AMERICAN FINANCING CORPORATION 1 6.75% $14,170
Stifel Bank and Trust 1 6.00% $9,824
SUMMIT FUNDING, INC. 1 6.75% $14,302
ALTITUDE FINANCIAL CORPORATION 1 5.75% $26
U.S. Bank 1 5.50% $49,298
VERITAS FUNDING, LLC 1 6.75% $17,160
OCMBC, INC. 1 5.50% $11,424
CASTLE & COOKE MORTGAGE, LLC 1 6.49% $10,796
ENVOY MORTGAGE, LTD 1 5.75% $20,018
FBC MORTGAGE, LLC 1 6.25% $461
FIRST COMMUNITY MORTGAGE, INC. 1 6.99% $3,801
FRONTWAVE 1 6.25% $2,078
CALIBER HOME LOANS, INC. 1 5.75% $4,195
INTERNATIONAL CITY MORTGAGE, INC. 1 6.13% $22,525
JMJ FINANCIAL GROUP 1 6.63% $9,501
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 6.00% $298
Lakeview Community Capital, LLC 1 5.75% $16,858
LEADERONE FINANCIAL CORPORATION 1 6.25% $93
BAY-VALLEY MORTGAGE GROUP 1 7.13% $19,020
MICHIGAN MUTUAL, INC. 1 5.38% $22,286
Mid-Continent Funding, Inc. 1 6.75% $5,645
MORTGAGEONE, INC. 1 6.25% $10,329
BAY EQUITY LLC 1 5.88% $15,124
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $12,043
MOUNTAIN WEST FINANCIAL, INC. 1 7.13% $28,974
Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $4,886

The top Fresno VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 96 VA loans originated. Their average total fees are $9,314, which is $1,134 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Fresno VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($4,400), NAVY FEDERAL CREDIT UNION ($5,422), Mortgage Research Center, LLC ($8,180), PENNYMAC LOAN SERVICES, LLC ($8,406) and UNITED WHOLESALE MORTGAGE, LLC ($9,314).

The lowest rate Fresno VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.39%), NAVY FEDERAL CREDIT UNION (5.61%), EAGLE HOME MORTGAGE, LLC (5.84%), QUICKEN LOANS, LLC (6.06%) and UNITED WHOLESALE MORTGAGE, LLC (6.09%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fresno (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 $299,983 (11.6%) $387,404 (6.5%) 1.11 1,262
2018-02-01 $299,575 (11.2%) $389,521 (7.2%) 1.09 1,278
2018-03-01 $300,000 (11.1%) $397,689 (8.6%) 1.05 1,322
2018-04-01 $310,593 (7.5%) $399,753 (6.4%) 1.05 1,389
2018-05-01 $313,000 (4.4%) $407,362 (3.2%) 1.05 1,456
2018-06-01 $315,000 (2.4%) $413,073 (3.0%) 1.05 1,553
2018-07-01 $315,000 (5.0%) $406,358 (1.5%) 1.05 1,634
2018-08-01 $316,500 (5.7%) $400,591 (0.6%) 1.06 1,738
2018-09-01 $312,425 (4.5%) $393,909 (0.9%) 1.05 1,842
2018-10-01 $309,450 (3.2%) $399,082 (2.8%) 1.05 1,909
2018-11-01 $305,000 (0.3%) $395,945 (1.9%) 1.03 1,863
2018-12-01 $305,000 (1.2%) $394,482 (1.8%) 1.05 1,689
2019-01-01 $299,936 (0.0%) $376,876 (-2.7%) 1.04 1,566
2019-02-01 $299,975 (0.1%) $379,081 (-2.7%) 1.01 1,634
2019-03-01 $308,473 (2.8%) $390,744 (-1.8%) 1.01 1,635
2019-04-01 $314,225 (1.2%) $390,572 (-2.3%) 1.00 1,696
2019-05-01 $320,000 (2.2%) $397,458 (-2.4%) 1.00 1,737
2019-06-01 $330,000 (4.8%) $404,158 (-2.2%) 1.03 1,771
2019-07-01 $338,970 (7.6%) $413,200 (1.7%) 1.06 1,737
2019-08-01 $333,000 (5.2%) $408,732 (2.0%) 1.05 1,755
2019-09-01 $328,500 (5.2%) $402,602 (2.2%) 1.05 1,758
2019-10-01 $325,500 (5.2%) $402,388 (0.8%) 1.05 1,732
2019-11-01 $325,000 (6.6%) $405,965 (2.5%) 1.07 1,632
2019-12-01 $325,000 (6.6%) $402,684 (2.1%) 1.08 1,447
2020-01-01 $326,500 (8.9%) $407,507 (8.1%) 1.09 1,249
2020-02-01 $324,933 (8.3%) $400,738 (5.7%) 1.06 1,224
2020-03-01 $338,508 (9.7%) $422,002 (8.0%) 1.06 1,158
2020-04-01 $333,106 (6.0%) $414,708 (6.2%) 1.04 1,236
2020-05-01 $340,000 (6.3%) $426,163 (7.2%) 1.03 1,146
2020-06-01 $345,713 (4.8%) $440,519 (9.0%) 1.02 963
2020-07-01 $351,920 (3.8%) $452,855 (9.6%) 1.02 804
2020-08-01 $350,000 (5.1%) $461,495 (12.9%) 1.00 751
2020-09-01 $353,898 (7.7%) $463,902 (15.2%) 1.01 771
2020-10-01 $349,900 (7.5%) $466,232 (15.9%) 1.00 775
2020-11-01 $352,500 (8.5%) $481,239 (18.5%) 1.03 705
2020-12-01 $344,500 (6.0%) $462,788 (14.9%) 1.02 640
2021-01-01 $350,000 (7.2%) $464,446 (14.0%) 1.04 512
2021-02-01 $349,950 (7.7%) $474,006 (18.3%) 1.02 477
2021-03-01 $354,950 (4.9%) $485,154 (15.0%) 1.01 481
2021-04-01 $375,000 (12.6%) $517,645 (24.8%) 1.02 510
2021-05-01 $385,000 (13.2%) $536,925 (26.0%) 1.02 553
2021-06-01 $399,945 (15.7%) $543,926 (23.5%) 1.05 662
2021-07-01 $399,000 (13.4%) $535,525 (18.3%) 1.05 744
2021-08-01 $399,113 (14.0%) $533,415 (15.6%) 1.06 787
2021-09-01 $399,938 (13.0%) $653,209 (40.8%) 1.07 792
2021-10-01 $399,900 (14.3%) $520,263 (11.6%) 1.07 763
2021-11-01 $401,963 (14.0%) $530,268 (10.2%) 1.07 706
2021-12-01 $417,500 (21.2%) $537,784 (16.2%) 1.13 607
2022-01-01 $409,999 (17.1%) $546,660 (17.7%) 1.11 482
2022-02-01 $393,250 (12.4%) $533,345 (12.5%) 1.02 480
2022-03-01 $407,500 (14.8%) $542,982 (11.9%) 1.02 528
2022-04-01 $426,845 (13.8%) $555,625 (7.3%) 1.02 601
2022-05-01 $440,700 (14.5%) $560,077 (4.3%) 1.01 780
2022-06-01 $441,000 (10.3%) $556,676 (2.3%) 0.98 962
2022-07-01 $439,900 (10.3%) $540,548 (0.9%) 0.99 1,262
2022-08-01 $432,498 (8.4%) $534,011 (0.1%) 1.00 1,274
2022-09-01 $430,850 (7.7%) $528,797 (-19.1%) 1.01 1,275
2022-10-01 $426,200 (6.6%) $524,433 (0.8%) 1.00 1,300
2022-11-01 $419,950 (4.5%) $529,585 (-0.1%) 1.01 1,301
2022-12-01 $425,000 (1.8%) $536,435 (-0.3%) 1.05 1,120
2023-01-01 $429,925 (4.9%) $547,462 (0.2%) 1.07 983
2023-02-01 $427,125 (8.6%) $567,790 (6.5%) 1.03 845
2023-03-01 $429,998 (5.5%) $586,871 (8.1%) 1.01 774
2023-04-01 $445,000 (4.3%) $614,390 (10.6%) 1.03 681
2023-05-01 $458,750 (4.1%) $620,259 (10.8%) 1.04 697
2023-06-01 $471,983 (7.0%) $619,421 (11.3%) 1.06 749
2023-07-01 $475,165 (8.0%) $622,453 (15.2%) 1.08 817
2023-08-01 $463,881 (7.3%) $616,691 (15.5%) 1.07 918
2023-09-01 $457,000 (6.1%) $605,702 (14.5%) 1.06 965
2023-10-01 $452,500 (6.2%) $598,809 (14.2%) 1.06 1,015
2023-11-01 $449,700 (7.1%) $596,237 (12.6%) 1.07 1,049
2023-12-01 $450,000 (5.9%) $607,958 (13.3%) 1.10 1,005
2024-01-01 $445,000 (3.5%) $591,693 (8.1%) 1.09 896
2024-02-01 $454,450 (6.4%) $606,127 (6.8%) 1.09 838
2024-03-01 $450,000 (4.7%) $612,565 (4.4%) 1.06 851
2024-04-01 $458,950 (3.1%) $617,008 (0.4%) 1.07 927
Fresno's median listing price for 2024-04-01 was $458,950, a difference of $13,950 (3.1%) versus the prior year and $8,950 versus the prior month.

Fresno's median listing price comes in at 107% of the national average.

Fresno's average listing price for 2024-04-01 was $617,008, a difference of $2,618 (0.4%) versus the prior year and $4,443 versus the prior month.

For the 2024-04-01 period, Fresno had 927 MLS listings, a difference of 76 listings (9%) versus the prior month and 246 listings (36%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fresno (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 58 days 1,831 sqft
2018-02-01 39 days 1,834 sqft
2018-03-01 40 days 1,868 sqft
2018-04-01 41 days 1,885 sqft
2018-05-01 37 days 1,870 sqft
2018-06-01 38 days 1,873 sqft
2018-07-01 39 days 1,860 sqft
2018-08-01 40 days 1,840 sqft
2018-09-01 43 days 1,833 sqft
2018-10-01 46 days 1,828 sqft
2018-11-01 50 days 1,828 sqft
2018-12-01 60 days 1,828 sqft
2019-01-01 60 days 1,811 sqft
2019-02-01 45 days 1,808 sqft
2019-03-01 42 days 1,845 sqft
2019-04-01 39 days 1,870 sqft
2019-05-01 40 days 1,885 sqft
2019-06-01 45 days 1,900 sqft
2019-07-01 46 days 1,906 sqft
2019-08-01 46 days 1,889 sqft
2019-09-01 46 days 1,873 sqft
2019-10-01 47 days 1,862 sqft
2019-11-01 50 days 1,856 sqft
2019-12-01 57 days 1,856 sqft
2020-01-01 62 days 1,833 sqft
2020-02-01 43 days 1,797 sqft
2020-03-01 40 days 1,858 sqft
2020-04-01 42 days 1,854 sqft
2020-05-01 49 days 1,877 sqft
2020-06-01 42 days 1,876 sqft
2020-07-01 37 days 1,875 sqft
2020-08-01 29 days 1,860 sqft
2020-09-01 25 days 1,840 sqft
2020-10-01 26 days 1,828 sqft
2020-11-01 34 days 1,822 sqft
2020-12-01 36 days 1,770 sqft
2021-01-01 39 days 1,769 sqft
2021-02-01 22 days 1,741 sqft
2021-03-01 17 days 1,769 sqft
2021-04-01 15 days 1,823 sqft
2021-05-01 13 days 1,808 sqft
2021-06-01 16 days 1,858 sqft
2021-07-01 21 days 1,853 sqft
2021-08-01 23 days 1,843 sqft
2021-09-01 27 days 1,831 sqft
2021-10-01 26 days 1,791 sqft
2021-11-01 30 days 1,831 sqft
2021-12-01 35 days 1,834 sqft
2022-01-01 33 days 1,782 sqft
2022-02-01 29 days 1,698 sqft
2022-03-01 29 days 1,718 sqft
2022-04-01 26 days 1,770 sqft
2022-05-01 23 days 1,792 sqft
2022-06-01 26 days 1,801 sqft
2022-07-01 31 days 1,792 sqft
2022-08-01 37 days 1,768 sqft
2022-09-01 43 days 1,773 sqft
2022-10-01 46 days 1,747 sqft
2022-11-01 46 days 1,737 sqft
2022-12-01 55 days 1,767 sqft
2023-01-01 59 days 1,783 sqft
2023-02-01 47 days 1,763 sqft
2023-03-01 45 days 1,774 sqft
2023-04-01 44 days 1,800 sqft
2023-05-01 38 days 1,826 sqft
2023-06-01 36 days 1,841 sqft
2023-07-01 36 days 1,836 sqft
2023-08-01 38 days 1,847 sqft
2023-09-01 39 days 1,862 sqft
2023-10-01 40 days 1,860 sqft
2023-11-01 44 days 1,836 sqft
2023-12-01 50 days 1,806 sqft
2024-01-01 57 days 1,799 sqft
2024-02-01 44 days 1,813 sqft
2024-03-01 40 days 1,851 sqft
2024-04-01 39 days 1,872 sqft
Fresno's median listing age (time on market) for 2024-04-01 was 39 days. This is -11% shorter than the same period one year ago.

Fresno's median square footage for active listings during the 2024-04-01 period was 1,872 sqft. One year prior, the average listing was 1,800 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.