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%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Fresno level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 252 2.37% $3,317
UNITED WHOLESALE MORTGAGE, LLC 193 2.49% $5,954
QUICKEN LOANS, LLC 192 2.44% $4,691
PENNYMAC LOAN SERVICES, LLC 133 2.36% $5,968
Mortgage Research Center, LLC 103 2.85% $6,945
HOME POINT FINANCIAL CORPORATION 102 2.46% $7,598
LOANDEPOT.COM, LLC 81 2.52% $5,488
ALAMEDA MORTGAGE CORPORATION 79 2.81% $9,375
VILLAGE CAPITAL & INVESTMENT LLC 60 2.26% $4,025
CALIBER HOME LOANS, INC. 52 2.50% $4,249
CLEARPATH LENDING 47 2.27% $4,842
NAVY FEDERAL CREDIT UNION 43 2.52% $4,783
NEW DAY FINANCIAL, LLC 40 2.82% $9,977
HOMEBRIDGE FINANCIAL SERVICES, INC. 40 2.68% $7,041
LAKEVIEW LOAN SERVICING, LLC 39 2.46% $2,645
Mr. Cooper ( Nationstar Mortgage ) 33 2.61% $4,503
INSPIRE HOME LOANS INC. 30 2.80% $8,750
Sierra Pacific Mortgage Company, Inc. 30 2.67% $6,723
USAA Federal Savings Bank 29 2.83% $5,458
AMERICAN PACIFIC MORTGAGE CORPORATION 25 2.77% $5,901
The Federal Savings Bank 24 2.54% $7,412
CROSSCOUNTRY MORTGAGE, LLC 23 2.91% $12,536
COUNTRY CLUB MORTGAGE, INC. 21 2.69% $8,479
NEWREZ LLC 21 2.59% $3,401
InterContinental Capital Group, Inc 17 2.43% $5,129
BAY EQUITY LLC 17 2.85% $10,699
Wells Fargo Bank 17 2.41% $3,737
AMERICAN FINANCIAL NETWORK, INC. 17 2.54% $10,376
CMG MORTGAGE, INC. 17 2.70% $8,005
EAGLE HOME MORTGAGE, LLC 15 2.77% $6,193
Lakeview Community Capital, LLC 15 2.44% $2,462
ARK-LA-TEX FINANCIAL SERVICES, LLC. 15 2.83% $5,991
Carrington Mortgage Services, LLC 15 2.98% $7,865
SUN WEST MORTGAGE COMPANY, INC. 15 2.44% $4,178
GUILD MORTGAGE COMPANY 15 2.54% $4,955
BROKER SOLUTIONS, INC. 14 2.56% $4,816
AMERISAVE MORTGAGE CORPORATION 14 2.43% $6,700
Barrington Bank & Trust Company, N.A. 14 2.79% $4,179
KINGS MORTGAGE SERVICES, INC. 14 2.63% $7,746
Flagstar Bank, FSB 13 2.65% $7,312
Low VA Rates, LLC 12 2.35% $5,955
PLAZA HOME MORTGAGE, INC. 12 2.42% $7,018
FINANCE OF AMERICA MORTGAGE LLC 12 2.58% $4,342
Commerce Home Mortgage, Inc. 12 2.89% $7,579
PLANET HOME LENDING, LLC 11 2.51% $2,014
Amerifirst Financial, Inc. 11 2.74% $5,827
SOVEREIGN LENDING GROUP INCORPORATED 11 2.56% $3,625
KBHS HOME LOANS, LLC 11 3.03% $5,334
First Guaranty Mortgage Corporation 10 2.46% $2,810
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 2.76% $4,693
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 9 2.96% $7,000
PREMIER MORTGAGE RESOURCES, L.L.C. 9 2.81% $16,063
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 8 2.83% $4,913
SUMMIT FUNDING, INC. 8 2.61% $6,051
Prosperity Home Mortgage, LLC 8 2.72% $7,031
GUARANTEED RATE, INC. 7 2.43% $6,564
MUTUAL OF OMAHA MORTGAGE, INC. 7 2.64% $4,346
NP, Inc. 7 2.27% $4,206
Prime Choice Funding Inc. 7 2.59% $9,135
ACCELERATE MORTGAGE, LLC 6 2.12% $6,464
Magnolia Bank 6 2.25% $4,750
LOANPAL, LLC 6 2.65% $5,053
RESIDENTIAL BANCORP. 5 2.95% $15,817
North American Savings Bank, F.S.B. 5 2.30% $3,949
NETWORK CAPITAL FUNDING CORPORATION 5 2.33% $3,558
RESIDENTIAL WHOLESALE MORTGAGE, INC. 5 2.73% $4,000
PACIFIC RESIDENTIAL MORTGAGE, LLC 5 3.15% $6,675
PARKSIDE LENDING, LLC 4 2.59% $6,452
Paramount Residential Mortgage Group, Inc. 4 2.87% $3,884
TJC Mortgage, Inc. 4 2.31% $12,046
MASON MCDUFFIE MORTGAGE CORPORATION 4 2.59% $5,005
CALCULATED RISK ANALYTICS LLC 4 2.69% $8,636
Hometown Equity Mortgage, LLC 4 2.94% $4,369
Platinum Home Mortgage Corporation 4 3.12% $6,676
NATIONWIDE MORTGAGE BANKERS, INC. 4 3.16% $15,532
T2 FINANCIAL LLC 4 2.78% $5,632
AMERICAN FINANCING CORPORATION 4 2.31% $1,766
AmeriHome Mortgage Company, LLC 4 2.66% $3,120
RANLIFE, INC. 3 2.58% $1,851
CHURCHILL MORTGAGE CORPORATION 3 2.67% $3,168
SCENIC OAKS FUNDING, INC. 3 2.63% $4,399
MORTGAGEONE, INC. 3 2.50% $1,674
ON Q FINANCIAL, INC. 3 3.33% $16,243
KELLER MORTGAGE, LLC 3 2.54% $17,782
DHI MORTGAGE COMPANY, LTD. 3 2.99% $11,608
CELEBRITY HOME LOANS, LLC 3 2.79% $3,437
ACADEMY MORTGAGE CORPORATION 3 2.92% $10,683
NATIONS DIRECT MORTGAGE, LLC 2 3.31% $3,645
BECKAM FUNDING CORP. 2 4.50% $14,496
Century Mortgage Company DBA Century Lending Company 2 2.56% $10,355
CHERRY CREEK MORTGAGE, LLC 2 2.50% $1,017
CITYWIDE HOME LOANS, LLC 2 2.87% $7,173
CONTOUR MORTGAGE CORPORATION 2 2.25% $4,811
ENVOY MORTGAGE, LTD 2 2.88% $31,773
Equity Prime Mortgage LLC 2 2.75% $4,900
Home Mortgage Alliance Corp 2 2.56% $3,169
JPMorgan Chase Bank 2 2.75% $3,773
LADERA LENDING, INC. 2 2.31% $3,079
MID AMERICA MORTGAGE, INC. 2 2.31% $3,217
MOUNTAIN WEST FINANCIAL, INC. 2 3.19% $9,798
NBKC BANK 2 2.25% $1,034
NexBank 2 2.63% $7,688
Strong Home Mortgage, LLC 2 2.69% $7,468
U.S. Bank 2 2.56% $2,237
Watermark Capital, Inc. 2 2.31% $1,273
MOVEMENT MORTGAGE, LLC 1 3.25% $600
OCMBC, INC. 1 2.75% $3,043
Mid-Continent Funding, Inc. 1 2.25% $19,423
Meridian Bank Corporation 1 2.25% $2,800
LOANLEADERS OF AMERICA, INC. 1 2.25% $9,565
LIBERTY HOME MORTGAGE CORPORATION 1 3.25% $7,453
LHM FINANCIAL CORPORATION 1 2.75% $3,755
PENTAGON FEDERAL CREDIT UNION 1 2.25% $3,178
LENDUS, LLC 1 2.50% $11,703
IMPAC MORTGAGE CORP. 1 2.25% $0
HomePromise Corporation 1 3.25% $9,290
HOME APPROVALS DIRECT, INC. 1 3.25% $5,872
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.38% $8,854
Goldwater Bank, N.A. 1 2.88% $7,077
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.75% $13,697
Golden Empire Mortgage, Inc. 1 3.75% $4,980
First State Bank of St. Charles, Missouri 1 2.63% $3,059
First Mortgage Solutions, LLC 1 2.63% $2,237
First Home Bank 1 2.25% $1,017
First Federal Bank of Kansas City 1 2.25% $2,073
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $14,307
ROYAL UNITED MORTGAGE LLC 1 2.25% $9,991
First Federal Bank 1 2.75% $1,256
SECURITYNATIONAL MORTGAGE COMPANY 1 2.75% $9,590
FBC MORTGAGE, LLC 1 2.38% $3,628
EVERETT FINANCIAL, INC. 1 2.75% $2,329
SRE MORTGAGE ALLIANCE INC. 1 2.25% $2,595
S&S Financial 1 2.75% $14,828
STEARNS LENDING, LLC 1 2.38% $2,110
Wyndham Capital Mortgage, Inc. 1 2.25% $165
DIRECT MORTGAGE, CORP. 1 2.25% $8,539
DATA MORTGAGE, INC. 1 2.25% $3,396
Credence Funding Corporation 1 2.00% $5,370
The Central Trust Bank 1 2.25% $11,230
Colonial Savings, F.A. 1 3.13% $3,847
CENTRAL COAST LENDING, INC. 1 2.25% $6,608
UNITED SECURITY FINANCIAL CORP 1 2.38% $1,717
BNC National Bank 1 2.25% $1,013
Bank of America 1 2.63% $9,065
ALL WESTERN MORTGAGE, INC. 1 3.88% $2,186
US MORTGAGE CORPORATION 1 3.25% $12,739
AUGUSTA FINANCIAL, INC. 1 2.38% $2,921
Nations Lending Corporation 1 2.38% $9,267
NORWICH COMMERCIAL GROUP, INC. 1 2.75% $7,019
NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.25% $2,345

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. Louis
Date 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 for 2022-04-01 was $425,000, a difference of $50,000 (13.3%) versus the prior year and $12,550 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 30 days. This is 82% longer than the same period one year ago.

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.

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.