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 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
0.56%
for the week of 2023-01-20, compared to the national average (all VA variants) of
0% for the same period.
Fresno's average VA mortgage closing costs are $5,630.
The average rate for the prior week (2023-01-13) was
6.24% and
one month ago for the week of 2022-12-16, the
average rate was 6.62%.
The average rate one year ago was 3.72%.
For refis of the same type during the week of 2023-01-20, the average rate
was 0.15%.
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.
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 MORTGAGE (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 | $299,990 (11.6%) | $387,495 (6.5%) | 1.11 | 1,261 |
2018-02-01 | $299,575 (11.2%) | $389,566 (7.3%) | 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 (0.7%) | $394,482 (1.8%) | 1.05 | 1,689 |
2019-01-01 | $299,936 (0.0%) | $376,805 (-2.8%) | 1.04 | 1,565 |
2019-02-01 | $299,975 (0.1%) | $379,081 (-2.7%) | 1.01 | 1,634 |
2019-03-01 | $308,473 (2.8%) | $390,755 (-1.7%) | 1.01 | 1,636 |
2019-04-01 | $313,850 (1.1%) | $390,533 (-2.3%) | 1.00 | 1,697 |
2019-05-01 | $320,000 (2.2%) | $397,510 (-2.4%) | 1.00 | 1,736 |
2019-06-01 | $330,000 (4.8%) | $404,111 (-2.2%) | 1.03 | 1,772 |
2019-07-01 | $338,940 (7.6%) | $413,091 (1.7%) | 1.06 | 1,738 |
2019-08-01 | $333,000 (5.2%) | $408,626 (2.0%) | 1.05 | 1,756 |
2019-09-01 | $328,500 (5.2%) | $402,498 (2.2%) | 1.05 | 1,759 |
2019-10-01 | $325,500 (5.2%) | $402,283 (0.8%) | 1.05 | 1,733 |
2019-11-01 | $325,000 (6.6%) | $405,851 (2.5%) | 1.07 | 1,633 |
2019-12-01 | $325,000 (6.6%) | $402,752 (2.1%) | 1.08 | 1,449 |
2020-01-01 | $326,500 (8.9%) | $407,581 (8.2%) | 1.09 | 1,251 |
2020-02-01 | $324,933 (8.3%) | $400,821 (5.7%) | 1.06 | 1,226 |
2020-03-01 | $338,508 (9.7%) | $422,040 (8.0%) | 1.06 | 1,160 |
2020-04-01 | $333,106 (6.1%) | $414,755 (6.2%) | 1.04 | 1,238 |
2020-05-01 | $340,000 (6.3%) | $424,726 (6.9%) | 1.03 | 1,146 |
2020-06-01 | $345,440 (4.7%) | $438,968 (8.6%) | 1.02 | 964 |
2020-07-01 | $351,820 (3.8%) | $450,990 (9.2%) | 1.02 | 804 |
2020-08-01 | $350,000 (5.1%) | $459,550 (12.5%) | 1.00 | 751 |
2020-09-01 | $352,500 (7.3%) | $461,964 (14.8%) | 1.01 | 771 |
2020-10-01 | $349,900 (7.5%) | $464,265 (15.4%) | 1.00 | 776 |
2020-11-01 | $351,500 (8.2%) | $478,985 (18.0%) | 1.03 | 705 |
2020-12-01 | $344,000 (5.9%) | $460,445 (14.3%) | 1.02 | 640 |
2021-01-01 | $350,000 (7.2%) | $464,047 (13.9%) | 1.04 | 513 |
2021-02-01 | $349,725 (7.6%) | $473,570 (18.2%) | 1.02 | 478 |
2021-03-01 | $354,950 (4.9%) | $484,725 (14.9%) | 1.01 | 482 |
2021-04-01 | $375,000 (12.6%) | $517,185 (24.7%) | 1.02 | 511 |
2021-05-01 | $385,000 (13.2%) | $536,425 (26.3%) | 1.02 | 554 |
2021-06-01 | $399,923 (15.8%) | $543,535 (23.8%) | 1.05 | 663 |
2021-07-01 | $399,000 (13.4%) | $535,184 (18.7%) | 1.05 | 744 |
2021-08-01 | $399,225 (14.1%) | $533,269 (16.0%) | 1.06 | 786 |
2021-09-01 | $399,950 (13.5%) | $653,605 (41.5%) | 1.07 | 791 |
2021-10-01 | $399,900 (14.3%) | $520,352 (12.1%) | 1.07 | 762 |
2021-11-01 | $402,296 (14.5%) | $530,263 (10.7%) | 1.07 | 706 |
2021-12-01 | $417,500 (21.4%) | $537,360 (16.7%) | 1.13 | 608 |
2022-01-01 | $409,950 (17.1%) | $546,018 (17.7%) | 1.11 | 481 |
2022-02-01 | $392,500 (12.2%) | $532,803 (12.5%) | 1.02 | 481 |
2022-03-01 | $407,500 (14.8%) | $542,486 (11.9%) | 1.02 | 529 |
2022-04-01 | $425,900 (13.6%) | $555,168 (7.3%) | 1.02 | 602 |
2022-05-01 | $439,950 (14.3%) | $561,144 (4.6%) | 1.01 | 781 |
2022-06-01 | $441,000 (10.3%) | $557,575 (2.6%) | 0.98 | 963 |
2022-07-01 | $439,900 (10.3%) | $541,342 (1.2%) | 1.00 | 1,264 |
2022-08-01 | $431,400 (8.1%) | $534,448 (0.2%) | 1.00 | 1,276 |
2022-09-01 | $430,513 (7.6%) | $528,811 (-19.1%) | 1.01 | 1,276 |
2022-10-01 | $425,550 (6.4%) | $524,289 (0.8%) | 1.00 | 1,301 |
2022-11-01 | $419,850 (4.4%) | $529,414 (-0.2%) | 1.01 | 1,302 |
2022-12-01 | $420,000 (0.6%) | $534,118 (-0.6%) | 1.05 | 1,128 |
Fresno's median listing price comes in at 105% of the national average.
Fresno's average listing price for 2022-12-01 was $534,118, a difference of $-3,242 (-0.6%) versus the prior year and $4,704 versus the prior month.
For the 2022-12-01 period, Fresno had 1,128 MLS listings, a difference of -174 listings (-13%) versus the prior month and 520 listings (86%) 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 | 1,833 sqft |
2018-02-01 | 40 days | 1,835 sqft |
2018-03-01 | 43 days | 1,869 sqft |
2018-04-01 | 43 days | 1,885 sqft |
2018-05-01 | 39 days | 1,870 sqft |
2018-06-01 | 39 days | 1,874 sqft |
2018-07-01 | 39 days | 1,861 sqft |
2018-08-01 | 41 days | 1,841 sqft |
2018-09-01 | 45 days | 1,833 sqft |
2018-10-01 | 47 days | 1,828 sqft |
2018-11-01 | 51 days | 1,828 sqft |
2018-12-01 | 60 days | 1,828 sqft |
2019-01-01 | 63 days | 1,811 sqft |
2019-02-01 | 48 days | 1,808 sqft |
2019-03-01 | 43 days | 1,845 sqft |
2019-04-01 | 40 days | 1,870 sqft |
2019-05-01 | 42 days | 1,886 sqft |
2019-06-01 | 46 days | 1,900 sqft |
2019-07-01 | 47 days | 1,904 sqft |
2019-08-01 | 47 days | 1,889 sqft |
2019-09-01 | 47 days | 1,873 sqft |
2019-10-01 | 48 days | 1,862 sqft |
2019-11-01 | 51 days | 1,856 sqft |
2019-12-01 | 58 days | 1,855 sqft |
2020-01-01 | 64 days | 1,831 sqft |
2020-02-01 | 45 days | 1,797 sqft |
2020-03-01 | 41 days | 1,857 sqft |
2020-04-01 | 43 days | 1,853 sqft |
2020-05-01 | 50 days | 1,876 sqft |
2020-06-01 | 43 days | 1,875 sqft |
2020-07-01 | 38 days | 1,873 sqft |
2020-08-01 | 29 days | 1,859 sqft |
2020-09-01 | 26 days | 1,837 sqft |
2020-10-01 | 28 days | 1,828 sqft |
2020-11-01 | 36 days | 1,820 sqft |
2020-12-01 | 37 days | 1,765 sqft |
2021-01-01 | 40 days | 1,769 sqft |
2021-02-01 | 23 days | 1,741 sqft |
2021-03-01 | 18 days | 1,767 sqft |
2021-04-01 | 15 days | 1,822 sqft |
2021-05-01 | 15 days | 1,806 sqft |
2021-06-01 | 16 days | 1,856 sqft |
2021-07-01 | 22 days | 1,853 sqft |
2021-08-01 | 23 days | 1,844 sqft |
2021-09-01 | 27 days | 1,831 sqft |
2021-10-01 | 26 days | 1,794 sqft |
2021-11-01 | 30 days | 1,830 sqft |
2021-12-01 | 35 days | 1,832 sqft |
2022-01-01 | 35 days | 1,782 sqft |
2022-02-01 | 30 days | 1,696 sqft |
2022-03-01 | 30 days | 1,717 sqft |
2022-04-01 | 26 days | 1,770 sqft |
2022-05-01 | 24 days | 1,792 sqft |
2022-06-01 | 26 days | 1,801 sqft |
2022-07-01 | 32 days | 1,792 sqft |
2022-08-01 | 37 days | 1,760 sqft |
2022-09-01 | 44 days | 1,772 sqft |
2022-10-01 | 46 days | 1,746 sqft |
2022-11-01 | 47 days | 1,728 sqft |
2022-12-01 | 57 days | 1,763 sqft |
Fresno's median square footage for active listings during the 2022-12-01 period was 1,763 sqft. One year prior, the average listing was 1,832 sqft.