Hanford VA Loans

HANFORD-CORCORAN, 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.

    Hanford's 87 lenders originated 1,231 VA loans during 2021. The total origination value was $362,745,000, with an average VA loan value of $294,675.

    Hanford VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hanford averaged 5.6% 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 5.21% and one month ago for the week of 2022-04-15, the average rate was 5.07%.

    The average rate one year ago was 2.96%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.16%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Hanford 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 Hanford level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    COUNTRY CLUB MORTGAGE, INC. 127 2.83% $9,468
    Mortgage Research Center, LLC 126 2.86% $8,231
    FREEDOM MORTGAGE CORPORATION 118 2.34% $3,025
    PENNYMAC LOAN SERVICES, LLC 70 2.37% $6,763
    UNITED WHOLESALE MORTGAGE, LLC 68 2.65% $7,577
    AMERICAN PACIFIC MORTGAGE CORPORATION 56 2.75% $10,517
    NAVY FEDERAL CREDIT UNION 51 2.53% $6,927
    QUICKEN LOANS, LLC 50 2.45% $5,819
    NBH Bank 32 2.64% $11,298
    KINGS MORTGAGE SERVICES, INC. 32 2.75% $11,142
    HOME POINT FINANCIAL CORPORATION 29 2.44% $5,721
    VILLAGE CAPITAL & INVESTMENT LLC 23 2.18% $3,668
    CLEARPATH LENDING 19 2.28% $4,286
    NEW DAY FINANCIAL, LLC 19 2.60% $5,572
    LAKEVIEW LOAN SERVICING, LLC 16 2.38% $2,130
    The Federal Savings Bank 15 2.49% $4,921
    CALIBER HOME LOANS, INC. 14 2.67% $3,919
    USAA Federal Savings Bank 12 2.84% $5,651
    LOANDEPOT.COM, LLC 12 2.39% $3,780
    Sierra Pacific Mortgage Company, Inc. 10 2.66% $6,358
    HOMEBRIDGE FINANCIAL SERVICES, INC. 10 2.47% $8,919
    Mr. Cooper ( Nationstar Mortgage ) 9 2.85% $4,007
    Lakeview Community Capital, LLC 8 2.48% $3,276
    Carrington Mortgage Services, LLC 8 2.98% $6,803
    RESIDENTIAL BANCORP. 8 2.98% $11,038
    Wells Fargo Bank 7 2.63% $3,796
    NATIONS DIRECT MORTGAGE, LLC 6 3.02% $6,612
    AMERISAVE MORTGAGE CORPORATION 5 2.75% $5,212
    BROKER SOLUTIONS, INC. 5 2.57% $7,553
    SUN WEST MORTGAGE COMPANY, INC. 5 2.58% $3,761
    GUARANTEED RATE, INC. 5 2.60% $8,489
    Flagstar Bank, FSB 4 2.33% $3,155
    CROSSCOUNTRY MORTGAGE, LLC 4 3.13% $10,651
    NEWREZ LLC 4 2.56% $3,091
    MUTUAL OF OMAHA MORTGAGE, INC. 4 2.47% $2,598
    InterContinental Capital Group, Inc 4 2.63% $6,025
    AMERICAN FINANCIAL NETWORK, INC. 4 2.81% $10,832
    MID AMERICA MORTGAGE, INC. 3 2.96% $3,356
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 2.83% $6,724
    First Guaranty Mortgage Corporation 3 2.46% $3,717
    PLANET HOME LENDING, LLC 3 2.25% $2,746
    CALCULATED RISK ANALYTICS LLC 3 2.83% $10,402
    Barrington Bank & Trust Company, N.A. 2 2.63% $6,850
    EAGLE HOME MORTGAGE, LLC 2 2.88% $7,229
    VERITAS FUNDING, LLC 2 3.38% $12,829
    ACCELERATE MORTGAGE, LLC 2 2.00% $5,657
    GUILD MORTGAGE COMPANY 2 2.88% $6,689
    Hometown Equity Mortgage, LLC 2 3.00% $10,134
    FINANCE OF AMERICA MORTGAGE LLC 2 2.38% $4,303
    PENTAGON FEDERAL CREDIT UNION 2 2.25% $5,103
    CHURCHILL MORTGAGE CORPORATION 2 2.63% $6,223
    BNC National Bank 2 2.75% $1,943
    NP, Inc. 2 2.31% $6,632
    Low VA Rates, LLC 2 2.63% $6,363
    North American Savings Bank, F.S.B. 2 2.25% $909
    NETWORK CAPITAL FUNDING CORPORATION 2 3.44% $2,955
    Wyndham Capital Mortgage, Inc. 1 2.63% $9,814
    AmeriHome Mortgage Company, LLC 1 2.99% $875
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.25% $4,646
    Armed Forces Bank 1 2.25% $9,671
    AUGUSTA FINANCIAL, INC. 1 2.50% $3,359
    CANOPY MORTGAGE, LLC 1 2.75% $10,969
    Commerce Home Mortgage, Inc. 1 3.00% $9,818
    Core Bank 1 2.25% $5,601
    DIRECTORS MORTGAGE, INC. 1 2.63% $2,000
    ENVOY MORTGAGE, LTD 1 3.00% $17,701
    Equity Prime Mortgage LLC 1 2.88% $17,152
    First Mortgage Solutions, LLC 1 2.25% $2,588
    GRANDE HOMES, INC. 1 2.50% $13,888
    LADERA LENDING, INC. 1 3.25% $1,399
    LENDING 3, INC. 1 2.75% $7,099
    Lend Smart Mortgage, LLC 1 2.25% $8,592
    LOANPAL, LLC 1 2.25% $3,495
    Magnolia Bank 1 2.63% $6,722
    MASON MCDUFFIE MORTGAGE CORPORATION 1 2.38% $9,971
    MEGA CAPITAL FUNDING, INC. 1 2.50% $2,929
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $14,505
    MOVEMENT MORTGAGE, LLC 1 2.75% $10,930
    Nations Lending Corporation 1 2.75% $6,853
    Paramount Residential Mortgage Group, Inc. 1 2.25% $2,196
    PLAZA HOME MORTGAGE, INC. 1 2.25% $3,270
    Prime Choice Funding Inc. 1 2.25% $3,704
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 2.88% $11,715
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.38% $14,697
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.25% $6,550
    TJC Mortgage, Inc. 1 2.25% $5,391
    UNION HOME MORTGAGE CORP. 1 2.25% $11,112

    The top Hanford VA lender as defined by loan originations is COUNTRY CLUB MORTGAGE, INC., with 127 VA loans originated. Their average total fees are $9,468, which is $1,238 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Hanford VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,130), FREEDOM MORTGAGE CORPORATION ($3,025), VILLAGE CAPITAL & INVESTMENT LLC ($3,668), LOANDEPOT.COM, LLC ($3,780) and CALIBER HOME LOANS, INC. ($3,919).

    The lowest rate Hanford VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.18%), CLEARPATH LENDING (2.28%), FREEDOM MORTGAGE CORPORATION (2.34%), PENNYMAC LOAN SERVICES, LLC (2.37%) and LAKEVIEW LOAN SERVICING, LLC (2.38%).

    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.