Fresno VA Loan Rates, Closing Costs & Stats

FRESNO, 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.

    Fresno's 109 lenders originated 1,012 VA loans during 2022. The total origination value was $403,230,000, with an average VA loan value of $398,449.

    Fresno VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fresno averaged 6.53% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

    Fresno's average VA mortgage closing costs are $6,132.

    The average rate for the prior week (2023-09-15) was 6.41% and one month ago for the week of 2023-08-18, the average rate was 6.79%.

    The average rate one year ago was 5.36%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.7%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 176 4.25% $8,660
    Mortgage Research Center, LLC 76 4.91% $8,486
    QUICKEN LOANS, LLC 73 3.57% $10,549
    FREEDOM MORTGAGE CORPORATION 53 3.60% $11,128
    PENNYMAC LOAN SERVICES, LLC 47 3.27% $10,559
    ALAMEDA MORTGAGE CORPORATION 40 4.70% $14,147
    HOME POINT FINANCIAL CORPORATION 39 3.89% $10,637
    LOANDEPOT.COM, LLC 31 3.83% $10,187
    NAVY FEDERAL CREDIT UNION 22 3.81% $4,209
    NEW DAY FINANCIAL, LLC 21 4.19% $11,295
    INSPIRE HOME LOANS INC. 19 4.46% $12,657
    The Federal Savings Bank 18 4.55% $16,790
    CMG MORTGAGE, INC. 18 4.49% $9,377
    HOMEBRIDGE FINANCIAL SERVICES, INC. 17 4.39% $10,407
    EAGLE HOME MORTGAGE, LLC 16 4.52% $6,367
    AMERICAN PACIFIC MORTGAGE CORPORATION 15 4.03% $9,964
    Mr. Cooper ( Nationstar Mortgage ) 14 3.86% $10,855
    KBHS HOME LOANS, LLC 12 4.75% $9,001
    VILLAGE CAPITAL MORTGAGE 10 3.63% $14,248
    CARDINAL FINANCIAL 9 4.65% $13,213
    NEWREZ LLC 9 4.31% $10,496
    CALIBER HOME LOANS, INC. 9 4.18% $12,059
    CROSSCOUNTRY MORTGAGE, LLC 9 4.90% $18,864
    NATIONS DIRECT MORTGAGE, LLC 9 4.22% $12,801
    KINGS MORTGAGE SERVICES, INC. 8 5.17% $8,587
    COUNTRY CLUB MORTGAGE, INC. 8 4.03% $8,420
    AMERISAVE MORTGAGE CORPORATION 8 3.98% $9,359
    USAA Federal Savings Bank 8 4.25% $10,174
    CLEARPATH LENDING 8 3.31% $9,231
    SUN WEST MORTGAGE COMPANY, INC. 8 4.59% $12,290
    LAKEVIEW LOAN SERVICING, LLC 7 3.21% $5,378
    FINANCE OF AMERICA MORTGAGE LLC 6 3.89% $6,518
    GUARANTEED RATE, INC. 5 5.13% $7,960
    MOVEMENT MORTGAGE, LLC 5 5.28% $6,912
    Century Mortgage Company DBA Century Lending Company 5 4.68% $13,346
    Sierra Pacific Mortgage Company, Inc. 5 4.25% $13,477
    DHI MORTGAGE COMPANY, LTD. 5 3.77% $5,825
    Paramount Residential Mortgage Group, Inc. 5 6.05% $8,423
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 4.20% $9,827
    PLANET HOME LENDING, LLC 4 4.53% $7,365
    BROKER SOLUTIONS, INC. 4 5.21% $7,650
    MUTUAL OF OMAHA MORTGAGE, INC. 4 4.72% $21,110
    Magnolia Bank 4 3.88% $15,722
    NETWORK CAPITAL FUNDING CORPORATION 4 4.34% $15,022
    PENTAGON FEDERAL CREDIT UNION 4 2.78% $6,207
    PLAZA HOME MORTGAGE, INC. 4 5.41% $14,242
    Carrington Mortgage Services, LLC 4 3.66% $5,070
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.96% $11,569
    AMERICAN FINANCING CORPORATION 3 3.42% $9,065
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 3 5.50% $13,555
    LOANPAL, LLC 3 4.08% $12,642
    VERITAS FUNDING, LLC 3 6.04% $17,118
    BAY EQUITY LLC 3 4.04% $12,124
    Wells Fargo Bank 2 4.94% $6,162
    Barrington Bank & Trust Company, N.A. 2 2.55% $8,174
    CASTLE & COOKE MORTGAGE, LLC 2 5.63% $14,400
    CHERRY CREEK MORTGAGE, LLC 2 3.75% $3,159
    Equity Prime Mortgage LLC 2 4.81% $9,014
    EVERETT FINANCIAL, INC. 2 4.50% $2,553
    Franklin Loan Corporation 2 5.06% $11,797
    GUILD MORTGAGE COMPANY 2 4.00% $10,122
    Lakeview Community Capital, LLC 2 4.50% $11,617
    Mid-Continent Funding, Inc. 2 4.19% $15,918
    Northpointe Bank 2 5.25% $3,847
    Pacific Lending LLC 2 5.00% $7,942
    RESIDENTIAL BANCORP 2 4.88% $7,809
    SOVEREIGN LENDING GROUP INCORPORATED 2 3.44% $11,493
    Strong Home Mortgage, LLC 2 3.69% $23,636
    SUMMIT FUNDING, INC. 2 3.63% $11,372
    TOP FLITE FINANCIAL, INC. 2 5.25% $21,107
    Nations Lending Corporation 1 3.25% $22,578
    Low VA Rates, LLC 1 3.50% $12,395
    NBKC BANK 1 3.25% $4,090
    LEADERONE FINANCIAL CORPORATION 1 5.25% $24,409
    Hometown Equity Mortgage, LLC 1 5.00% $3,746
    HOMESIDE FINANCIAL, LLC 1 5.13% $5,599
    NexBank 1 4.50% $13,537
    North American Savings Bank, F.S.B. 1 5.88% $1,764
    TJC Mortgage, Inc. 1 2.38% $8,883
    Academy Bank 1 4.63% $10,138
    HOME FUNDING CORPORATION 1 3.38% $17,732
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.00% $19,616
    Flagstar Bank, FSB 1 4.75% $16,728
    First Savings Bank 1 4.38% $19,773
    Platinum Home Mortgage Corporation 1 5.25% $15,675
    First Federal Bank 1 3.63% $6,494
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.63% $24,903
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.25% $3,560
    Prosperity Home Mortgage, LLC 1 6.13% $6,636
    DIRECT MORTGAGE, CORP. 1 4.88% $20,132
    AUGUSTA FINANCIAL, INC. 1 6.13% $14,776
    CONTOUR MORTGAGE CORPORATION 1 3.13% $14,450
    S1L, Inc. 1 5.75% $13,496
    SECURITYNATIONAL MORTGAGE COMPANY 1 4.75% $11,396
    Commerce Home Mortgage, Inc. 1 4.25% $16,464
    Amerifirst Financial, Inc. 1 4.75% $42,089
    AMERICAN ADVISORS GROUP 1 2.88% $3,709
    ACADEMY MORTGAGE CORPORATION 1 2.75% $5,540
    Sunflower Bank 1 3.49% $19,695
    CAPSTONE DIRECT, INC. 1 4.75% $5,772
    Texana Bank 1 4.50% $8,663
    Bank of America 1 2.88% $20,225
    MORTGAGEONE, INC. 1 3.13% $36
    Meridian Bank Corporation 1 5.75% $13,996
    M&T Bank 1 3.13% $15,813
    MUFG Union Bank 1 3.63% $1,746
    Mutual Federal Bank 1 3.25% $5,475
    MERCO Credit Union 1 5.13% $5,789
    MASON MCDUFFIE MORTGAGE CORPORATION 1 4.00% $9,809

    The top Fresno VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 176 VA loans originated. Their average total fees are $8,660, which is $174 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Fresno VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,209), EAGLE HOME MORTGAGE, LLC ($6,367), Mortgage Research Center, LLC ($8,486), UNITED WHOLESALE MORTGAGE, LLC ($8,660) and KBHS HOME LOANS, LLC ($9,001).

    The lowest rate Fresno VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.27%), QUICKEN LOANS, LLC (3.57%), FREEDOM MORTGAGE CORPORATION (3.60%), VILLAGE CAPITAL MORTGAGE (3.63%) and NAVY FEDERAL CREDIT UNION (3.81%).

    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 $299,990 (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%) $390,744 (-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%) $397,515 (-2.4%) 1.00 1,736
    2019-06-01 $330,000 (4.8%) $404,214 (-2.1%) 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%) $402,875 (2.1%) 1.08 1,448
    2020-01-01 $326,500 (8.9%) $407,729 (8.2%) 1.09 1,250
    2020-02-01 $324,967 (8.3%) $400,964 (5.8%) 1.07 1,225
    2020-03-01 $338,950 (9.9%) $422,207 (8.1%) 1.06 1,159
    2020-04-01 $333,738 (6.2%) $414,911 (6.2%) 1.05 1,237
    2020-05-01 $340,000 (6.3%) $424,896 (6.9%) 1.03 1,145
    2020-06-01 $345,450 (4.7%) $439,174 (8.7%) 1.02 963
    2020-07-01 $351,890 (3.8%) $451,237 (9.2%) 1.02 803
    2020-08-01 $350,000 (5.1%) $459,816 (12.5%) 1.00 750
    2020-09-01 $353,086 (7.5%) $462,231 (14.8%) 1.01 770
    2020-10-01 $349,900 (7.5%) $464,539 (15.5%) 1.00 775
    2020-11-01 $352,500 (8.5%) $479,316 (18.1%) 1.03 704
    2020-12-01 $344,250 (5.9%) $460,766 (14.4%) 1.02 639
    2021-01-01 $350,000 (7.2%) $464,446 (13.9%) 1.04 512
    2021-02-01 $349,950 (7.7%) $474,006 (18.2%) 1.02 477
    2021-03-01 $354,950 (4.7%) $485,154 (14.9%) 1.01 481
    2021-04-01 $375,000 (12.4%) $517,645 (24.8%) 1.02 510
    2021-05-01 $385,000 (13.2%) $536,925 (26.4%) 1.02 553
    2021-06-01 $399,945 (15.8%) $543,926 (23.9%) 1.05 662
    2021-07-01 $399,000 (13.4%) $535,525 (18.7%) 1.05 744
    2021-08-01 $399,113 (14.0%) $533,415 (16.0%) 1.06 787
    2021-09-01 $399,938 (13.3%) $653,209 (41.3%) 1.07 792
    2021-10-01 $399,900 (14.3%) $520,263 (12.0%) 1.07 763
    2021-11-01 $401,963 (14.0%) $530,268 (10.6%) 1.07 706
    2021-12-01 $417,500 (21.3%) $537,784 (16.7%) 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 $441,450 (14.7%) $561,625 (4.6%) 1.01 781
    2022-06-01 $442,450 (10.6%) $557,960 (2.6%) 0.99 963
    2022-07-01 $439,900 (10.3%) $541,683 (1.2%) 0.99 1,264
    2022-08-01 $432,500 (8.4%) $534,591 (0.2%) 1.00 1,276
    2022-09-01 $430,925 (7.8%) $528,888 (-19.0%) 1.01 1,276
    2022-10-01 $426,675 (6.7%) $525,461 (1.0%) 1.00 1,301
    2022-11-01 $419,950 (4.5%) $529,787 (-0.1%) 1.01 1,303
    2022-12-01 $425,000 (1.8%) $536,537 (-0.2%) 1.05 1,121
    2023-01-01 $429,925 (4.9%) $547,462 (0.2%) 1.07 983
    2023-02-01 $427,125 (8.6%) $567,724 (6.5%) 1.03 845
    2023-03-01 $429,998 (5.5%) $586,871 (8.1%) 1.01 774
    2023-04-01 $443,000 (3.8%) $614,390 (10.6%) 1.03 681
    2023-05-01 $458,235 (3.8%) $620,465 (10.5%) 1.04 695
    2023-06-01 $471,480 (6.6%) $619,522 (11.0%) 1.06 748
    2023-07-01 $475,165 (8.0%) $622,453 (14.9%) 1.08 817
    2023-08-01 $463,881 (7.3%) $616,691 (15.4%) 1.07 918
    Fresno's median listing price for 2023-08-01 was $463,881, a difference of $31,381 (7.3%) versus the prior year and $-11,284 versus the prior month.

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

    Fresno's average listing price for 2023-08-01 was $616,691, a difference of $82,100 (15.4%) versus the prior year and $-5,762 versus the prior month.

    For the 2023-08-01 period, Fresno had 918 MLS listings, a difference of 101 listings (12%) versus the prior month and -358 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 59 days 1,832 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 1,886 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 56 days 1,856 sqft
    2020-01-01 62 days 1,832 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 50 days 1,876 sqft
    2020-06-01 42 days 1,875 sqft
    2020-07-01 37 days 1,874 sqft
    2020-08-01 29 days 1,859 sqft
    2020-09-01 25 days 1,838 sqft
    2020-10-01 26 days 1,828 sqft
    2020-11-01 34 days 1,821 sqft
    2020-12-01 36 days 1,767 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 1,794 sqft
    2022-06-01 26 days 1,804 sqft
    2022-07-01 31 days 1,792 sqft
    2022-08-01 37 days 1,769 sqft
    2022-09-01 43 days 1,773 sqft
    2022-10-01 46 days 1,748 sqft
    2022-11-01 46 days 1,737 sqft
    2022-12-01 56 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 43 days 1,800 sqft
    2023-05-01 37 days 1,823 sqft
    2023-06-01 36 days 1,838 sqft
    2023-07-01 36 days 1,836 sqft
    2023-08-01 38 days 1,847 sqft
    Fresno's median listing age (time on market) for 2023-08-01 was 38 days. This is 2% longer than the same period one year ago.

    Fresno's median square footage for active listings during the 2023-08-01 period was 1,847 sqft. One year prior, the average listing was 1,769 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.