Hanford VA Loans

HANFORD-CORCORAN, 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.

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.