Fresno VA Loans

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 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.