Los Angeles VA Loan Rates, Closing Costs & Stats
Los Angeles-Long Beach-Anaheim, 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 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.
Los Angeles's 192 lenders originated 4,111 VA loans during 2022. The total origination value was $2,715,695,000, with an average VA loan value of $660,592.
Los Angeles VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Los Angeles
averaged
-0.55%
for the week of 2023-06-02, compared to the national average (all VA variants) of
0% for the same period.
Los Angeles's average VA mortgage closing costs are $8,659.
The average rate for the prior week (2023-05-26) was
6.08% and
one month ago for the week of 2023-04-28, the
average rate was 5.54%.
The average rate one year ago was 4.39%.
For refis of the same type during the week of 2023-06-02, the average rate
was -1.7%.
Los Angeles 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 Los Angeles level.
The top Los Angeles VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
799 VA loans originated. Their average total fees are
$14,158, which is $79
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Los Angeles VA lenders (with over 10 loans originated) are
Lakeview Community Capital, LLC ($7,389), PENTAGON FEDERAL CREDIT UNION ($8,849), LAKEVIEW LOAN SERVICING, LLC ($9,249), GUARANTEED RATE AFFINITY, LLC ($9,569) and Barrington Bank & Trust Company, N.A. ($9,663).
The lowest rate Los Angeles VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (3.13%), CLEARPATH LENDING (3.14%), Lakeview Community Capital, LLC (3.19%), LAKEVIEW LOAN SERVICING, LLC (3.21%) and PENTAGON FEDERAL CREDIT UNION (3.27%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Los Angeles (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 | $778,750 (9.8%) | $1,736,504 (14.7%) | 2.89 | 12,709 |
| 2018-02-01 | $789,444 (7.9%) | $1,725,793 (11.2%) | 2.87 | 13,762 |
| 2018-03-01 | $799,900 (5.8%) | $1,721,381 (6.8%) | 2.81 | 14,582 |
| 2018-04-01 | $825,000 (6.5%) | $1,701,526 (4.8%) | 2.80 | 15,991 |
| 2018-05-01 | $824,450 (3.9%) | $1,702,166 (4.0%) | 2.75 | 17,287 |
| 2018-06-01 | $820,000 (4.3%) | $1,686,287 (3.7%) | 2.73 | 18,773 |
| 2018-07-01 | $799,975 (2.7%) | $1,651,547 (2.9%) | 2.67 | 20,304 |
| 2018-08-01 | $784,450 (2.0%) | $1,584,772 (-1.3%) | 2.63 | 21,230 |
| 2018-09-01 | $769,200 (0.0%) | $1,559,038 (-3.0%) | 2.59 | 22,128 |
| 2018-10-01 | $762,500 (-0.5%) | $1,557,410 (-4.8%) | 2.58 | 22,809 |
| 2018-11-01 | $753,500 (-2.1%) | $1,549,112 (-6.9%) | 2.55 | 22,803 |
| 2018-12-01 | $749,000 (-3.8%) | $1,569,118 (-9.7%) | 2.58 | 20,249 |
| 2019-01-01 | $741,250 (-4.8%) | $1,567,497 (-9.7%) | 2.56 | 18,976 |
| 2019-02-01 | $749,450 (-5.1%) | $1,602,067 (-7.2%) | 2.53 | 19,544 |
| 2019-03-01 | $770,571 (-3.7%) | $1,632,503 (-5.2%) | 2.52 | 19,912 |
| 2019-04-01 | $798,500 (-3.2%) | $1,651,016 (-3.0%) | 2.54 | 20,309 |
| 2019-05-01 | $805,000 (-2.4%) | $1,679,899 (-1.3%) | 2.52 | 21,471 |
| 2019-06-01 | $825,000 (0.6%) | $1,677,918 (-0.5%) | 2.58 | 21,742 |
| 2019-07-01 | $829,950 (3.8%) | $1,689,230 (2.3%) | 2.60 | 22,094 |
| 2019-08-01 | $836,091 (6.6%) | $1,703,706 (7.5%) | 2.65 | 21,519 |
| 2019-09-01 | $837,727 (8.9%) | $1,727,483 (10.8%) | 2.68 | 20,561 |
| 2019-10-01 | $836,818 (9.8%) | $1,750,078 (12.4%) | 2.70 | 19,671 |
| 2019-11-01 | $835,000 (10.8%) | $1,809,367 (16.8%) | 2.74 | 17,778 |
| 2019-12-01 | $845,000 (12.8%) | $1,896,057 (20.8%) | 2.82 | 14,152 |
| 2020-01-01 | $849,000 (14.5%) | $1,956,413 (24.8%) | 2.84 | 12,822 |
| 2020-02-01 | $889,000 (18.6%) | $1,993,844 (24.5%) | 2.91 | 12,891 |
| 2020-03-01 | $908,500 (17.9%) | $2,004,069 (22.8%) | 2.85 | 12,819 |
| 2020-04-01 | $855,000 (7.1%) | $1,829,547 (10.8%) | 2.68 | 13,319 |
| 2020-05-01 | $875,000 (8.7%) | $1,820,358 (8.4%) | 2.66 | 15,151 |
| 2020-06-01 | $917,000 (11.2%) | $1,918,493 (14.3%) | 2.70 | 15,155 |
| 2020-07-01 | $947,000 (14.1%) | $2,002,816 (18.6%) | 2.74 | 14,649 |
| 2020-08-01 | $950,000 (13.6%) | $2,039,166 (19.7%) | 2.72 | 14,426 |
| 2020-09-01 | $949,495 (13.3%) | $2,019,549 (16.9%) | 2.72 | 14,546 |
| 2020-10-01 | $949,500 (13.5%) | $2,028,792 (15.9%) | 2.72 | 14,837 |
| 2020-11-01 | $949,500 (13.7%) | $2,057,568 (13.7%) | 2.78 | 14,197 |
| 2020-12-01 | $949,450 (12.4%) | $2,167,414 (14.3%) | 2.83 | 12,033 |
| 2021-01-01 | $950,000 (11.9%) | $2,271,561 (16.1%) | 2.84 | 10,268 |
| 2021-02-01 | $969,000 (9.0%) | $2,348,451 (17.8%) | 2.82 | 9,944 |
| 2021-03-01 | $970,000 (6.8%) | $2,318,254 (15.7%) | 2.75 | 9,753 |
| 2021-04-01 | $974,925 (14.0%) | $2,285,108 (24.9%) | 2.64 | 9,784 |
| 2021-05-01 | $975,000 (11.4%) | $2,295,012 (26.1%) | 2.59 | 9,726 |
| 2021-06-01 | $966,950 (5.5%) | $2,268,145 (18.2%) | 2.55 | 10,228 |
| 2021-07-01 | $949,999 (0.3%) | $2,184,845 (9.1%) | 2.51 | 11,067 |
| 2021-08-01 | $921,223 (-3.0%) | $2,131,113 (4.5%) | 2.46 | 11,122 |
| 2021-09-01 | $912,100 (-3.9%) | $2,120,682 (5.0%) | 2.43 | 10,569 |
| 2021-10-01 | $925,000 (-2.6%) | $2,167,961 (6.9%) | 2.47 | 10,089 |
| 2021-11-01 | $910,000 (-4.2%) | $2,219,415 (7.9%) | 2.43 | 8,871 |
| 2021-12-01 | $909,725 (-4.2%) | $2,347,834 (8.3%) | 2.47 | 7,097 |
| 2022-01-01 | $920,000 (-3.2%) | $2,487,238 (9.5%) | 2.49 | 6,105 |
| 2022-02-01 | $949,019 (-2.1%) | $2,521,011 (7.4%) | 2.47 | 6,506 |
| 2022-03-01 | $975,000 (0.5%) | $2,457,614 (6.0%) | 2.44 | 6,938 |
| 2022-04-01 | $980,000 (0.5%) | $2,351,919 (2.9%) | 2.34 | 7,541 |
| 2022-05-01 | $992,875 (1.8%) | $2,244,648 (-2.2%) | 2.27 | 10,013 |
| 2022-06-01 | $996,500 (3.1%) | $2,152,879 (-5.1%) | 2.22 | 11,977 |
| 2022-07-01 | $970,000 (2.1%) | $2,020,314 (-7.5%) | 2.19 | 14,722 |
| 2022-08-01 | $950,000 (3.1%) | $1,962,449 (-7.9%) | 2.20 | 15,038 |
| 2022-09-01 | $949,450 (4.1%) | $1,976,198 (-6.8%) | 2.22 | 14,466 |
| 2022-10-01 | $940,000 (1.6%) | $1,966,289 (-9.3%) | 2.21 | 14,600 |
| 2022-11-01 | $933,944 (2.6%) | $2,000,023 (-9.9%) | 2.25 | 14,345 |
| 2022-12-01 | $935,000 (2.8%) | $2,089,845 (-11.0%) | 2.31 | 12,280 |
| 2023-01-01 | $938,458 (2.0%) | $2,182,624 (-12.3%) | 2.33 | 10,562 |
| 2023-02-01 | $973,500 (2.6%) | $2,408,719 (-4.5%) | 2.35 | 9,824 |
| 2023-03-01 | $999,500 (2.5%) | $2,533,452 (3.1%) | 2.36 | 9,240 |
| 2023-04-01 | $1,099,999 (12.2%) | $2,633,826 (12.0%) | 2.56 | 8,854 |
| 2023-05-01 | $1,150,222 (15.9%) | $2,688,766 (19.8%) | 2.61 | 9,036 |
Los Angeles's median listing price comes in at 261% of the national average.
Los Angeles's average listing price for 2023-05-01 was $2,688,766, a difference of $444,118 (19.8%) versus the prior year and $54,940 versus the prior month.
For the 2023-05-01 period, Los Angeles had 9,036 MLS listings, a difference of 182 listings (2%) versus the prior month and -977 listings (-10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Los Angeles (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 46 days | 1,865 sqft |
| 2018-02-01 | 30 days | 1,876 sqft |
| 2018-03-01 | 31 days | 1,889 sqft |
| 2018-04-01 | 31 days | 1,907 sqft |
| 2018-05-01 | 30 days | 1,913 sqft |
| 2018-06-01 | 32 days | 1,906 sqft |
| 2018-07-01 | 35 days | 1,898 sqft |
| 2018-08-01 | 37 days | 1,849 sqft |
| 2018-09-01 | 39 days | 1,818 sqft |
| 2018-10-01 | 41 days | 1,797 sqft |
| 2018-11-01 | 44 days | 1,778 sqft |
| 2018-12-01 | 54 days | 1,765 sqft |
| 2019-01-01 | 57 days | 1,750 sqft |
| 2019-02-01 | 40 days | 1,756 sqft |
| 2019-03-01 | 41 days | 1,795 sqft |
| 2019-04-01 | 43 days | 1,830 sqft |
| 2019-05-01 | 43 days | 1,857 sqft |
| 2019-06-01 | 45 days | 1,876 sqft |
| 2019-07-01 | 47 days | 1,889 sqft |
| 2019-08-01 | 48 days | 1,883 sqft |
| 2019-09-01 | 50 days | 1,875 sqft |
| 2019-10-01 | 51 days | 1,865 sqft |
| 2019-11-01 | 53 days | 1,861 sqft |
| 2019-12-01 | 64 days | 1,860 sqft |
| 2020-01-01 | 64 days | 1,864 sqft |
| 2020-02-01 | 44 days | 1,901 sqft |
| 2020-03-01 | 44 days | 1,920 sqft |
| 2020-04-01 | 51 days | 1,831 sqft |
| 2020-05-01 | 59 days | 1,844 sqft |
| 2020-06-01 | 48 days | 1,871 sqft |
| 2020-07-01 | 46 days | 1,886 sqft |
| 2020-08-01 | 44 days | 1,874 sqft |
| 2020-09-01 | 45 days | 1,853 sqft |
| 2020-10-01 | 45 days | 1,841 sqft |
| 2020-11-01 | 50 days | 1,823 sqft |
| 2020-12-01 | 62 days | 1,814 sqft |
| 2021-01-01 | 63 days | 1,808 sqft |
| 2021-02-01 | 43 days | 1,800 sqft |
| 2021-03-01 | 39 days | 1,799 sqft |
| 2021-04-01 | 40 days | 1,807 sqft |
| 2021-05-01 | 38 days | 1,806 sqft |
| 2021-06-01 | 36 days | 1,786 sqft |
| 2021-07-01 | 35 days | 1,760 sqft |
| 2021-08-01 | 36 days | 1,725 sqft |
| 2021-09-01 | 39 days | 1,719 sqft |
| 2021-10-01 | 38 days | 1,720 sqft |
| 2021-11-01 | 43 days | 1,714 sqft |
| 2021-12-01 | 49 days | 1,714 sqft |
| 2022-01-01 | 45 days | 1,693 sqft |
| 2022-02-01 | 30 days | 1,699 sqft |
| 2022-03-01 | 30 days | 1,722 sqft |
| 2022-04-01 | 29 days | 1,732 sqft |
| 2022-05-01 | 29 days | 1,729 sqft |
| 2022-06-01 | 31 days | 1,737 sqft |
| 2022-07-01 | 33 days | 1,703 sqft |
| 2022-08-01 | 41 days | 1,701 sqft |
| 2022-09-01 | 47 days | 1,704 sqft |
| 2022-10-01 | 47 days | 1,702 sqft |
| 2022-11-01 | 51 days | 1,702 sqft |
| 2022-12-01 | 61 days | 1,712 sqft |
| 2023-01-01 | 68 days | 1,704 sqft |
| 2023-02-01 | 52 days | 1,737 sqft |
| 2023-03-01 | 46 days | 1,757 sqft |
| 2023-04-01 | 44 days | 1,792 sqft |
| 2023-05-01 | 39 days | 1,814 sqft |
Los Angeles's median square footage for active listings during the 2023-05-01 period was 1,814 sqft. One year prior, the average listing was 1,729 sqft.