Fresno VA Loans
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 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 150 lenders originated 2,655 VA loans during 2021. The total origination value was $872,855,000, with an average VA loan value of $328,759.
Fresno VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Fresno
averaged
5.3%
for the week of 2022-05-20, compared to the national average (all VA variants) of
5.143% for the same period.
The average rate for the prior week (2022-05-13) was
5.31% and
one month ago for the week of 2022-04-15, the
average rate was 5.28%.
The average rate one year ago was 3.27%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.19%.
Fresno VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Fresno level.
The top Fresno VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
252 VA loans originated. Their average total fees are
$3,317, which is $2,637
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Fresno VA lenders (with over 10 loans originated) are
PLANET HOME LENDING, LLC ($2,014), Lakeview Community Capital, LLC ($2,462), LAKEVIEW LOAN SERVICING, LLC ($2,645), First Guaranty Mortgage Corporation ($2,810) and FREEDOM MORTGAGE CORPORATION ($3,317).
The lowest rate Fresno VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC (2.26%), CLEARPATH LENDING (2.27%), Low VA Rates, LLC (2.35%), PENNYMAC LOAN SERVICES, LLC (2.36%) and FREEDOM MORTGAGE CORPORATION (2.37%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Fresno (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 | $299,900 (11.3%) | $386,407 (4.5%) | 1.10 | 1,338 |
2018-02-01 | $299,950 (11.1%) | $389,187 (5.1%) | 1.08 | 1,355 |
2018-03-01 | $304,900 (12.7%) | $397,862 (6.2%) | 1.06 | 1,397 |
2018-04-01 | $311,350 (7.7%) | $399,902 (4.1%) | 1.04 | 1,471 |
2018-05-01 | $316,500 (5.5%) | $407,894 (1.2%) | 1.06 | 1,542 |
2018-06-01 | $315,000 (4.1%) | $413,021 (1.3%) | 1.05 | 1,642 |
2018-07-01 | $314,950 (5.0%) | $411,431 (2.4%) | 1.05 | 1,724 |
2018-08-01 | $315,000 (5.3%) | $402,339 (1.8%) | 1.05 | 1,861 |
2018-09-01 | $310,000 (3.7%) | $394,138 (0.8%) | 1.04 | 1,984 |
2018-10-01 | $309,000 (3.0%) | $401,644 (3.6%) | 1.03 | 2,065 |
2018-11-01 | $307,600 (0.4%) | $399,855 (2.9%) | 1.03 | 2,001 |
2018-12-01 | $308,000 (1.0%) | $401,862 (3.7%) | 1.05 | 1,818 |
2019-01-01 | $299,950 (0.0%) | $384,913 (-0.4%) | 1.03 | 1,690 |
2019-02-01 | $299,900 (0.0%) | $384,817 (-1.1%) | 1.00 | 1,752 |
2019-03-01 | $306,429 (0.5%) | $398,700 (0.2%) | 1.00 | 1,743 |
2019-04-01 | $315,000 (1.2%) | $401,326 (0.4%) | 0.99 | 1,814 |
2019-05-01 | $325,000 (2.7%) | $403,243 (-1.1%) | 1.00 | 1,882 |
2019-06-01 | $335,000 (6.4%) | $409,559 (-0.8%) | 1.03 | 1,902 |
2019-07-01 | $339,700 (7.9%) | $416,143 (1.2%) | 1.06 | 1,859 |
2019-08-01 | $334,114 (6.1%) | $411,413 (2.3%) | 1.05 | 1,858 |
2019-09-01 | $328,413 (5.9%) | $404,112 (2.5%) | 1.04 | 1,826 |
2019-10-01 | $327,599 (6.0%) | $403,868 (0.6%) | 1.05 | 1,837 |
2019-11-01 | $325,000 (5.7%) | $407,051 (1.8%) | 1.05 | 1,751 |
2019-12-01 | $326,300 (5.9%) | $404,622 (0.7%) | 1.09 | 1,551 |
2020-01-01 | $325,760 (8.6%) | $406,511 (5.6%) | 1.09 | 1,335 |
2020-02-01 | $319,500 (6.5%) | $400,535 (4.1%) | 1.03 | 1,299 |
2020-03-01 | $334,225 (9.1%) | $420,394 (5.4%) | 1.04 | 1,240 |
2020-04-01 | $329,750 (4.7%) | $413,822 (3.1%) | 1.03 | 1,315 |
2020-05-01 | $338,400 (4.1%) | $425,244 (5.5%) | 1.03 | 1,202 |
2020-06-01 | $345,300 (3.1%) | $440,515 (7.6%) | 1.01 | 1,010 |
2020-07-01 | $352,000 (3.6%) | $455,889 (9.6%) | 1.01 | 836 |
2020-08-01 | $349,999 (4.8%) | $464,293 (12.9%) | 1.00 | 779 |
2020-09-01 | $352,000 (7.2%) | $470,925 (16.5%) | 1.01 | 806 |
2020-10-01 | $350,000 (6.8%) | $471,396 (16.7%) | 1.00 | 813 |
2020-11-01 | $353,000 (8.6%) | $490,584 (20.5%) | 1.01 | 732 |
2020-12-01 | $336,950 (3.3%) | $469,431 (16.0%) | 0.99 | 674 |
2021-01-01 | $350,000 (7.4%) | $476,385 (17.2%) | 1.03 | 536 |
2021-02-01 | $350,000 (9.6%) | $494,793 (23.5%) | 1.01 | 506 |
2021-03-01 | $352,500 (5.5%) | $506,976 (20.6%) | 0.99 | 518 |
2021-04-01 | $375,000 (13.7%) | $533,375 (28.9%) | 1.01 | 536 |
2021-05-01 | $389,000 (15.0%) | $557,641 (31.1%) | 1.02 | 588 |
2021-06-01 | $400,000 (15.8%) | $562,428 (27.7%) | 1.04 | 714 |
2021-07-01 | $399,925 (13.6%) | $554,720 (21.7%) | 1.04 | 791 |
2021-08-01 | $400,000 (14.3%) | $543,803 (17.1%) | 1.05 | 852 |
2021-09-01 | $402,500 (14.4%) | $760,408 (61.5%) | 1.06 | 872 |
2021-10-01 | $400,000 (14.3%) | $529,161 (12.3%) | 1.05 | 846 |
2021-11-01 | $412,500 (16.9%) | $555,773 (13.3%) | 1.09 | 783 |
2021-12-01 | $425,000 (26.1%) | $555,943 (18.4%) | 1.13 | 671 |
2022-01-01 | $410,000 (17.1%) | $562,724 (18.1%) | 1.09 | 538 |
2022-02-01 | $390,000 (11.4%) | $549,776 (11.1%) | 0.99 | 538 |
2022-03-01 | $412,450 (17.0%) | $559,759 (10.4%) | 1.02 | 585 |
2022-04-01 | $425,000 (13.3%) | $567,229 (6.4%) | 1.00 | 684 |
Fresno's median listing price comes in at 100% of the national average.
Fresno's average listing price for 2022-04-01 was $567,229, a difference of $33,854 (6.4%) versus the prior year and $7,470 versus the prior month.
For the 2022-04-01 period, Fresno had 684 MLS listings, a difference of 99 listings (17%) versus the prior month and 148 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fresno (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 60 days | 1,845 sqft |
2018-02-01 | 41 days | 1,851 sqft |
2018-03-01 | 42 days | 1,884 sqft |
2018-04-01 | 42 days | 1,892 sqft |
2018-05-01 | 40 days | 1,878 sqft |
2018-06-01 | 39 days | 1,877 sqft |
2018-07-01 | 39 days | 1,873 sqft |
2018-08-01 | 40 days | 1,854 sqft |
2018-09-01 | 44 days | 1,843 sqft |
2018-10-01 | 46 days | 1,842 sqft |
2018-11-01 | 51 days | 1,840 sqft |
2018-12-01 | 61 days | 1,857 sqft |
2019-01-01 | 62 days | 1,824 sqft |
2019-02-01 | 48 days | 1,820 sqft |
2019-03-01 | 45 days | 1,851 sqft |
2019-04-01 | 39 days | 1,882 sqft |
2019-05-01 | 41 days | 1,933 sqft |
2019-06-01 | 45 days | 1,940 sqft |
2019-07-01 | 49 days | 1,950 sqft |
2019-08-01 | 47 days | 1,921 sqft |
2019-09-01 | 49 days | 1,898 sqft |
2019-10-01 | 48 days | 1,877 sqft |
2019-11-01 | 49 days | 1,868 sqft |
2019-12-01 | 55 days | 1,870 sqft |
2020-01-01 | 63 days | 1,855 sqft |
2020-02-01 | 42 days | 1,804 sqft |
2020-03-01 | 41 days | 1,866 sqft |
2020-04-01 | 42 days | 1,862 sqft |
2020-05-01 | 50 days | 1,875 sqft |
2020-06-01 | 42 days | 1,886 sqft |
2020-07-01 | 39 days | 1,890 sqft |
2020-08-01 | 30 days | 1,876 sqft |
2020-09-01 | 28 days | 1,857 sqft |
2020-10-01 | 28 days | 1,846 sqft |
2020-11-01 | 37 days | 1,837 sqft |
2020-12-01 | 37 days | 1,776 sqft |
2021-01-01 | 39 days | 1,793 sqft |
2021-02-01 | 23 days | 1,773 sqft |
2021-03-01 | 18 days | 1,804 sqft |
2021-04-01 | 17 days | 1,841 sqft |
2021-05-01 | 15 days | 1,848 sqft |
2021-06-01 | 17 days | 1,883 sqft |
2021-07-01 | 22 days | 1,872 sqft |
2021-08-01 | 24 days | 1,870 sqft |
2021-09-01 | 28 days | 1,859 sqft |
2021-10-01 | 29 days | 1,800 sqft |
2021-11-01 | 30 days | 1,853 sqft |
2021-12-01 | 36 days | 1,858 sqft |
2022-01-01 | 38 days | 1,773 sqft |
2022-02-01 | 34 days | 1,705 sqft |
2022-03-01 | 32 days | 1,721 sqft |
2022-04-01 | 30 days | 1,779 sqft |
Fresno's median square footage for active listings during the 2022-04-01 period was 1,779 sqft. One year prior, the average listing was 1,841 sqft.