Hanford VA Loan Rates, Closing Costs & Stats

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 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.

    Hanford's 49 lenders originated 328 VA loans during 2023. The total origination value was $124,190,000, with an average VA loan value of $378,628.

    Hanford VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hanford averaged 6.14% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Hanford's average VA mortgage closing costs are $7,238.

    The average rate for the prior week (2024-12-06) was 6.38% and one month ago for the week of 2024-11-08, the average rate was 6.37%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.18%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Hanford level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 49 6.22% $11,779
    Mortgage Research Center, LLC 47 6.57% $9,458
    NAVY FEDERAL CREDIT UNION 27 5.96% $8,480
    ALAMEDA MORTGAGE CORPORATION 24 6.58% $16,857
    QUICKEN LOANS, LLC 24 6.13% $11,701
    EAGLE HOME MORTGAGE, LLC 22 5.78% $9,350
    AMERICAN PACIFIC MORTGAGE CORPORATION 16 6.76% $12,315
    CROSSCOUNTRY MORTGAGE, LLC 14 6.27% $15,364
    FREEDOM MORTGAGE CORPORATION 12 6.20% $16,195
    OCMBC, INC. 9 5.96% $9,908
    PENNYMAC LOAN SERVICES, LLC 8 5.53% $11,315
    VILLAGE CAPITAL MORTGAGE 6 5.69% $7,890
    CARDINAL FINANCIAL 4 6.31% $15,538
    Mr. Cooper ( Nationstar Mortgage ) 4 6.72% $8,962
    NEW DAY FINANCIAL, LLC 4 7.81% $12,792
    U.S. Bank 3 6.17% $15,043
    INSPIRE HOME LOANS INC. 3 5.54% $11,036
    NATIONS DIRECT MORTGAGE, LLC 2 6.88% $12,096
    AMERICAN FINANCIAL NETWORK, INC. 2 5.81% $10,738
    BROKER SOLUTIONS, INC. 2 6.25% $14,880
    Century Mortgage Company DBA Century Lending Company 2 5.94% $19,317
    GUARANTEED RATE, INC. 2 6.56% $6,394
    LOANDEPOT.COM, LLC 2 6.56% $16,746
    LOANPAL, LLC 2 6.00% $14,492
    NEWREZ LLC 2 6.75% $15,730
    PLANET HOME LENDING, LLC 2 6.38% $6,707
    SUN WEST MORTGAGE COMPANY, INC. 2 6.25% $6,841
    The Federal Savings Bank 2 6.25% $18,772
    USAA Federal Savings Bank 2 5.81% $16,479
    VERITAS FUNDING, LLC 2 5.88% $12,514
    GUILD MORTGAGE COMPANY 1 6.38% $11,939
    Flagstar Bank, FSB 1 5.38% $9,508
    First Federal Bank 1 6.25% $10,013
    Barrington Bank & Trust Company, N.A. 1 5.75% $3,576
    COASTAL FUNDING SLC, INC. 1 5.75% $13,103
    Paramount Residential Mortgage Group, Inc. 1 7.25% $5,824
    CMG MORTGAGE, INC. 1 6.75% $9,566
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.88% $16,430
    PLAZA HOME MORTGAGE, INC. 1 6.75% $27,550
    BNC National Bank 1 5.25% $11,454
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $10,375
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $26,272
    LEADERONE FINANCIAL CORPORATION 1 5.75% $9,954
    Wells Fargo Bank 1 5.50% $9,880
    TOP FLITE FINANCIAL, INC. 1 6.75% $12,871
    Magnolia Bank 1 7.25% $17,321
    HOMESIDE FINANCIAL, LLC 1 6.99% $18,184
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $0
    HOME FUNDING CORPORATION 1 7.75% $9,095

    The top Hanford VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 49 VA loans originated. Their average total fees are $11,779, which is $2,321 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Hanford VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($8,480), EAGLE HOME MORTGAGE, LLC ($9,350), Mortgage Research Center, LLC ($9,458), QUICKEN LOANS, LLC ($11,701) and UNITED WHOLESALE MORTGAGE, LLC ($11,779).

    The lowest rate Hanford VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.78%), NAVY FEDERAL CREDIT UNION (5.96%), QUICKEN LOANS, LLC (6.13%), FREEDOM MORTGAGE CORPORATION (6.20%) and UNITED WHOLESALE MORTGAGE, LLC (6.22%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hanford (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 $247,000 (2.9%) $278,093 (4.9%) 0.00 230
    2018-02-01 $249,725 (4.5%) $279,119 (5.2%) 0.00 222
    2018-03-01 $248,900 (6.1%) $278,832 (6.1%) 0.00 216
    2018-04-01 $251,250 (6.0%) $282,186 (6.6%) 0.00 246
    2018-05-01 $249,950 (7.5%) $285,011 (10.2%) 0.00 243
    2018-06-01 $245,000 (4.3%) $291,579 (11.0%) 0.00 238
    2018-07-01 $259,219 (10.3%) $295,584 (11.4%) 0.00 247
    2018-08-01 $265,000 (16.7%) $305,949 (20.5%) 0.00 254
    2018-09-01 $267,500 (13.8%) $302,573 (14.9%) 0.00 265
    2018-10-01 $261,400 (10.7%) $289,780 (16.1%) 0.00 305
    2018-11-01 $256,750 (7.4%) $288,382 (15.3%) 0.00 307
    2018-12-01 $259,000 (7.9%) $293,425 (10.3%) 0.00 272
    2019-01-01 $259,800 (5.2%) $291,836 (4.9%) 0.00 261
    2019-02-01 $258,125 (3.4%) $279,220 (0.0%) 0.00 251
    2019-03-01 $264,313 (6.2%) $285,307 (2.3%) 0.00 287
    2019-04-01 $269,763 (7.4%) $290,559 (3.0%) 0.00 326
    2019-05-01 $265,333 (6.2%) $292,586 (2.7%) 0.00 321
    2019-06-01 $262,988 (7.3%) $297,043 (1.9%) 0.00 309
    2019-07-01 $269,713 (4.1%) $301,248 (1.9%) 0.00 297
    2019-08-01 $262,864 (-0.8%) $298,686 (-2.4%) 0.00 273
    2019-09-01 $261,197 (-2.4%) $294,353 (-2.7%) 0.00 239
    2019-10-01 $258,825 (-1.0%) $291,940 (0.8%) 0.00 216
    2019-11-01 $260,000 (1.3%) $300,064 (4.1%) 0.00 211
    2019-12-01 $263,524 (1.8%) $308,846 (5.3%) 0.00 215
    2020-01-01 $257,000 (-1.1%) $296,792 (1.7%) 0.00 195
    2020-02-01 $249,900 (-3.2%) $299,975 (7.4%) 0.00 171
    2020-03-01 $254,900 (-3.6%) $317,484 (11.3%) 0.00 160
    2020-04-01 $259,575 (-3.8%) $307,420 (5.8%) 0.00 168
    2020-05-01 $259,500 (-2.2%) $306,408 (4.7%) 0.00 145
    2020-06-01 $257,575 (-2.1%) $323,885 (9.0%) 0.00 118
    2020-07-01 $263,575 (-2.3%) $358,392 (19.0%) 0.00 102
    2020-08-01 $271,000 (3.1%) $402,403 (34.7%) 0.00 79
    2020-09-01 $281,200 (7.7%) $440,286 (49.6%) 0.00 96
    2020-10-01 $280,000 (8.2%) $436,021 (49.4%) 0.00 112
    2020-11-01 $268,000 (3.1%) $386,407 (28.8%) 0.00 126
    2020-12-01 $273,925 (4.0%) $409,999 (32.8%) 0.00 96
    2021-01-01 $269,000 (4.7%) $414,150 (39.5%) 0.00 89
    2021-02-01 $289,450 (15.8%) $435,718 (45.3%) 0.00 85
    2021-03-01 $295,750 (16.0%) $429,815 (35.4%) 0.00 95
    2021-04-01 $282,988 (9.0%) $1,404,998 (357.0%) 0.00 88
    2021-05-01 $299,000 (15.2%) $465,750 (52.0%) 0.00 77
    2021-06-01 $297,950 (15.7%) $478,099 (47.6%) 0.00 78
    2021-07-01 $300,950 (14.2%) $459,774 (28.3%) 0.00 96
    2021-08-01 $302,975 (11.8%) $398,361 (-1.0%) 0.00 116
    2021-09-01 $312,375 (11.1%) $399,732 (-9.2%) 0.00 132
    2021-10-01 $305,425 (9.1%) $394,269 (-9.6%) 0.00 128
    2021-11-01 $303,731 (13.3%) $382,101 (-1.1%) 0.00 122
    2021-12-01 $308,725 (12.7%) $377,603 (-7.9%) 0.00 112
    2022-01-01 $308,950 (14.9%) $387,489 (-6.4%) 0.00 100
    2022-02-01 $321,225 (11.0%) $391,428 (-10.2%) 0.00 86
    2022-03-01 $328,475 (11.1%) $408,258 (-5.0%) 0.00 85
    2022-04-01 $336,200 (18.8%) $399,561 (-71.6%) 0.00 98
    2022-05-01 $376,500 (25.9%) $414,744 (-11.0%) 0.00 122
    2022-06-01 $373,075 (25.2%) $414,419 (-13.3%) 0.00 147
    2022-07-01 $377,700 (25.5%) $410,236 (-10.8%) 0.00 168
    2022-08-01 $376,225 (24.2%) $403,526 (1.3%) 0.00 188
    2022-09-01 $382,450 (22.4%) $405,619 (1.5%) 0.00 186
    2022-10-01 $390,000 (27.7%) $427,628 (8.5%) 0.00 201
    2022-11-01 $376,750 (24.0%) $401,315 (5.0%) 0.00 227
    2022-12-01 $378,000 (22.4%) $398,256 (5.5%) 0.00 201
    2023-01-01 $368,000 (19.1%) $411,295 (6.1%) 0.00 179
    2023-02-01 $375,250 (16.8%) $435,739 (11.3%) 0.00 163
    2023-03-01 $387,450 (18.0%) $439,910 (7.8%) 0.00 153
    2023-04-01 $390,000 (16.0%) $470,751 (17.8%) 0.00 126
    2023-05-01 $397,375 (5.5%) $478,091 (15.3%) 0.00 116
    2023-06-01 $384,925 (3.2%) $482,907 (16.5%) 0.00 125
    2023-07-01 $398,500 (5.5%) $484,170 (18.0%) 0.00 124
    2023-08-01 $395,020 (5.0%) $437,210 (8.4%) 0.00 135
    2023-09-01 $382,885 (0.1%) $415,424 (2.4%) 0.00 144
    2023-10-01 $379,950 (-2.6%) $398,529 (-6.8%) 0.00 150
    2023-11-01 $368,725 (-2.1%) $406,898 (1.4%) 0.00 152
    2023-12-01 $359,900 (-4.8%) $408,730 (2.6%) 0.00 152
    2024-01-01 $367,450 (-0.2%) $407,732 (-0.9%) 0.00 149
    2024-02-01 $373,225 (-0.5%) $405,391 (-7.0%) 0.00 172
    2024-03-01 $378,500 (-2.3%) $428,995 (-2.5%) 0.00 163
    2024-04-01 $378,949 (-2.8%) $429,580 (-8.8%) 0.00 166
    2024-05-01 $373,125 (-6.1%) $442,867 (-7.4%) 0.00 175
    2024-06-01 $380,000 (-1.3%) $453,471 (-6.1%) 0.00 181
    2024-07-01 $376,125 (-5.6%) $447,976 (-7.5%) 0.00 170
    2024-08-01 $375,000 (-5.1%) $447,617 (2.4%) 0.00 164
    2024-09-01 $363,475 (-5.1%) $440,746 (6.1%) 0.00 164
    2024-10-01 $367,000 (-3.4%) $449,876 (12.9%) 0.00 170
    2024-11-01 $364,900 (-1.0%) $433,209 (6.5%) 0.00 196
    Hanford's median listing price for 2024-11-01 was $364,900, a difference of $-3,825 (-1.0%) versus the prior year and $-2,100 versus the prior month.

    Hanford's median listing price comes in at 0% of the national average.

    Hanford's average listing price for 2024-11-01 was $433,209, a difference of $26,311 (6.5%) versus the prior year and $-16,667 versus the prior month.

    For the 2024-11-01 period, Hanford had 196 MLS listings, a difference of 26 listings (15%) versus the prior month and 44 listings (29%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hanford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,686 sqft
    2018-02-01 0 days 1,699 sqft
    2018-03-01 0 days 1,687 sqft
    2018-04-01 0 days 1,715 sqft
    2018-05-01 0 days 1,712 sqft
    2018-06-01 0 days 1,711 sqft
    2018-07-01 0 days 1,728 sqft
    2018-08-01 0 days 1,786 sqft
    2018-09-01 0 days 1,717 sqft
    2018-10-01 0 days 1,687 sqft
    2018-11-01 0 days 1,674 sqft
    2018-12-01 0 days 1,710 sqft
    2019-01-01 0 days 1,693 sqft
    2019-02-01 0 days 1,708 sqft
    2019-03-01 0 days 1,743 sqft
    2019-04-01 0 days 1,793 sqft
    2019-05-01 0 days 1,763 sqft
    2019-06-01 0 days 1,734 sqft
    2019-07-01 0 days 1,803 sqft
    2019-08-01 0 days 1,772 sqft
    2019-09-01 0 days 1,725 sqft
    2019-10-01 0 days 1,678 sqft
    2019-11-01 0 days 1,647 sqft
    2019-12-01 0 days 1,700 sqft
    2020-01-01 0 days 1,658 sqft
    2020-02-01 0 days 1,574 sqft
    2020-03-01 0 days 1,669 sqft
    2020-04-01 0 days 1,626 sqft
    2020-05-01 0 days 1,658 sqft
    2020-06-01 0 days 1,667 sqft
    2020-07-01 0 days 1,697 sqft
    2020-08-01 0 days 1,629 sqft
    2020-09-01 0 days 1,620 sqft
    2020-10-01 0 days 1,753 sqft
    2020-11-01 0 days 1,698 sqft
    2020-12-01 0 days 1,724 sqft
    2021-01-01 0 days 1,685 sqft
    2021-02-01 0 days 1,778 sqft
    2021-03-01 0 days 1,783 sqft
    2021-04-01 0 days 1,698 sqft
    2021-05-01 0 days 1,733 sqft
    2021-06-01 0 days 1,722 sqft
    2021-07-01 0 days 1,663 sqft
    2021-08-01 0 days 1,644 sqft
    2021-09-01 0 days 1,644 sqft
    2021-10-01 0 days 1,616 sqft
    2021-11-01 0 days 1,596 sqft
    2021-12-01 0 days 1,577 sqft
    2022-01-01 0 days 1,548 sqft
    2022-02-01 0 days 1,570 sqft
    2022-03-01 0 days 1,558 sqft
    2022-04-01 0 days 1,531 sqft
    2022-05-01 0 days 1,631 sqft
    2022-06-01 0 days 1,655 sqft
    2022-07-01 0 days 1,649 sqft
    2022-08-01 0 days 1,699 sqft
    2022-09-01 0 days 1,701 sqft
    2022-10-01 0 days 1,761 sqft
    2022-11-01 0 days 1,655 sqft
    2022-12-01 0 days 1,653 sqft
    2023-01-01 0 days 1,676 sqft
    2023-02-01 0 days 1,697 sqft
    2023-03-01 0 days 1,716 sqft
    2023-04-01 0 days 1,800 sqft
    2023-05-01 0 days 1,806 sqft
    2023-06-01 0 days 1,606 sqft
    2023-07-01 0 days 1,635 sqft
    2023-08-01 0 days 1,707 sqft
    2023-09-01 0 days 1,635 sqft
    2023-10-01 0 days 1,573 sqft
    2023-11-01 0 days 1,587 sqft
    2023-12-01 0 days 1,600 sqft
    2024-01-01 0 days 1,647 sqft
    2024-02-01 0 days 1,630 sqft
    2024-03-01 0 days 1,655 sqft
    2024-04-01 0 days 1,624 sqft
    2024-05-01 0 days 1,609 sqft
    2024-06-01 0 days 1,600 sqft
    2024-07-01 0 days 1,609 sqft
    2024-08-01 0 days 1,609 sqft
    2024-09-01 0 days 1,566 sqft
    2024-10-01 0 days 1,574 sqft
    2024-11-01 0 days 1,575 sqft
    Hanford's median listing age (time on market) for 2024-11-01 was 0 days.

    Hanford's median square footage for active listings during the 2024-11-01 period was 1,575 sqft. One year prior, the average listing was 1,587 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.