Los Angeles VA Loan Rates, Closing Costs & Stats

Los Angeles-Long Beach-Anaheim, 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.

    Los Angeles's 151 lenders originated 1,920 VA loans during 2023. The total origination value was $1,372,850,000, with an average VA loan value of $715,026.

    Los Angeles VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Los Angeles averaged 6.47% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Los Angeles's average VA mortgage closing costs are $8,907.

    The average rate for the prior week (2024-11-01) was 6.52% and one month ago for the week of 2024-10-04, the average rate was 5.55%.

    The average rate one year ago was 7.51%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.48%.

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

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 405 6.17% $15,114
    QUICKEN LOANS, LLC 211 6.02% $15,933
    Mortgage Research Center, LLC 113 6.48% $11,694
    NAVY FEDERAL CREDIT UNION 97 5.85% $12,430
    LOANDEPOT.COM, LLC 92 5.85% $19,641
    PENNYMAC LOAN SERVICES, LLC 56 5.74% $15,456
    FREEDOM MORTGAGE CORPORATION 39 6.27% $22,184
    CROSSCOUNTRY MORTGAGE, LLC 37 6.57% $17,092
    BROKER SOLUTIONS, INC. 36 6.18% $15,326
    AMERICAN FINANCIAL NETWORK, INC. 34 6.22% $13,927
    The Federal Savings Bank 29 6.11% $27,934
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 29 6.21% $12,693
    GUARANTEED RATE, INC. 24 6.15% $13,722
    MOVEMENT MORTGAGE, LLC 22 6.40% $16,297
    Paramount Residential Mortgage Group, Inc. 22 6.37% $15,094
    U.S. Bank 20 6.21% $15,272
    CMG MORTGAGE, INC. 20 6.34% $19,200
    NEWREZ LLC 18 6.12% $15,179
    AMERICAN PACIFIC MORTGAGE CORPORATION 18 6.38% $22,545
    OCMBC, INC. 17 6.46% $13,709
    Flagstar Bank, FSB 16 6.51% $19,631
    JMJ FINANCIAL GROUP 16 6.32% $15,936
    AUGUSTA FINANCIAL, INC. 14 6.10% $18,609
    PENTAGON FEDERAL CREDIT UNION 13 5.86% $9,425
    VILLAGE CAPITAL MORTGAGE 13 6.25% $23,434
    NFM, INC. 12 6.28% $17,116
    USAA Federal Savings Bank 12 6.56% $11,773
    NEW DAY FINANCIAL, LLC 12 7.40% $20,194
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 5.92% $15,272
    JPMorgan Chase Bank 10 6.05% $9,223
    NATIONS DIRECT MORTGAGE, LLC 10 6.17% $20,320
    PLAZA HOME MORTGAGE, INC. 10 6.21% $10,715
    KBHS HOME LOANS, LLC 10 5.83% $14,282
    GUILD MORTGAGE COMPANY 10 5.96% $18,034
    Mr. Cooper ( Nationstar Mortgage ) 10 6.24% $22,187
    SUN WEST MORTGAGE COMPANY, INC. 10 6.42% $14,116
    HOMEBRIDGE FINANCIAL SERVICES, INC. 9 5.89% $22,271
    CARDINAL FINANCIAL 9 5.99% $24,985
    BAY-VALLEY MORTGAGE GROUP 9 6.36% $23,692
    American Mortgage & Equity Consultants, Inc. 8 6.58% $23,373
    Plains Commerce Bank 8 6.23% $9,059
    Golden Empire Mortgage, Inc. 7 6.34% $12,254
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.61% $17,006
    MUTUAL OF OMAHA MORTGAGE, INC. 7 6.23% $12,229
    AMERISAVE MORTGAGE CORPORATION 7 5.70% $23,010
    DHI MORTGAGE COMPANY, LTD. 7 5.49% $6,323
    HighTechLending Inc 7 6.41% $13,766
    EAGLE HOME MORTGAGE, LLC 7 5.62% $5,145
    Wells Fargo Bank 6 5.85% $16,574
    PLANET HOME LENDING, LLC 6 6.31% $10,877
    GUARANTEED RATE AFFINITY, LLC 6 6.36% $18,095
    RESIDENTIAL BANCORP 6 6.77% $15,330
    LADERA LENDING, INC. 5 6.30% $22,726
    AXIA FINANCIAL, LLC 5 6.50% $21,005
    ONY GLO, INC. 5 6.33% $15,211
    Sierra Pacific Mortgage Company, Inc. 5 5.95% $6,226
    HOMEAMERICAN MORTGAGE CORPORATION 5 5.47% $15,357
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 5 6.40% $7,202
    ACADEMY MORTGAGE CORPORATION 5 6.70% $18,419
    Franklin Loan Corporation 4 6.41% $14,390
    DRAPER AND KRAMER MORTGAGE CORP. 4 6.22% $13,457
    Century Mortgage Company DBA Century Lending Company 4 5.81% $9,544
    MORTGAGE CAPITAL PARTNERS, INC. 4 6.75% $16,574
    LOANPAL, LLC 4 5.78% $14,846
    BM Real Estate Services, Inc. 4 6.88% $6,659
    Equity Prime Mortgage LLC 4 6.13% $8,133
    Citizens Bank 3 5.71% $11,026
    CALIBER HOME LOANS, INC. 3 5.17% $13,601
    EVERETT FINANCIAL, INC. 3 6.38% $24,339
    SOVEREIGN LENDING GROUP INCORPORATED 3 5.17% $26,001
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 3 5.42% $4,947
    NBKC BANK 3 5.75% $10,424
    Lakeview Community Capital, LLC 3 5.75% $23,262
    CONTOUR MORTGAGE CORPORATION 3 6.21% $24,517
    NETWORK CAPITAL FUNDING CORPORATION 3 5.96% $22,927
    Prosperity Home Mortgage, LLC 3 5.88% $18,141
    PREMIA MORTGAGE, LLC 2 6.50% $5,172
    POINT Mortgage 2 6.63% $14,858
    PNC Bank 2 5.94% $16,061
    LAKEVIEW LOAN SERVICING, LLC 2 6.19% $28,557
    The Loan Store, Inc. 2 6.13% $15,975
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.88% $36,868
    VERITAS FUNDING, LLC 2 6.69% $19,541
    Magnolia Bank 2 5.94% $23,869
    MASON MCDUFFIE MORTGAGE CORPORATION 2 6.94% $39,228
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 6.81% $6,550
    BAY EQUITY LLC 2 7.38% $16,437
    Mid-Continent Funding, Inc. 2 5.75% $13,840
    BNC National Bank 2 5.81% $5,413
    Armed Forces Bank 2 5.56% $22,411
    ML Mortgage Corp. 2 6.44% $8,508
    Nations Lending Corporation 2 5.75% $3,518
    Barrington Bank & Trust Company, N.A. 2 6.50% $19,337
    GENEVA FINANCIAL, LLC 2 7.13% $12,810
    First Federal Bank 2 6.38% $9,697
    iCore Lending, Inc. 2 5.81% $15,121
    AHL FUNDING 2 7.63% $3,307
    SUMMIT FUNDING, INC. 2 6.19% $5,972
    Hometown Equity Mortgage, LLC 2 6.31% $13,057
    Strong Home Mortgage, LLC 2 6.25% $13,252
    FIRST CENTENNIAL MORTGAGE CORPORATION 2 6.38% $14,541
    AmeriHome Mortgage Company, LLC 2 5.88% $9,769
    MORTGAGEONE, INC. 1 7.63% $8,100
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.88% $39,569
    AMERICAN INTERNET MORTGAGE, INC. 1 5.00% $12,674
    AMERITRUST MORTGAGE CORPORATION 1 6.99% $16,013
    Arvest Bank 1 6.38% $3,822
    BELEM SERVICING LLC 1 5.25% $19,506
    BRIDGELOCK CAPITAL 1 6.50% $5,489
    CALCON MUTUAL MORTGAGE LLC 1 6.75% $3,168
    CAMPOS FINANCIAL CORP. 1 6.25% $7,589
    Capital Bank 1 6.13% $4,743
    CITYWIDE HOME LOANS, LLC 1 6.25% $1,743
    Cornerstone First Mortgage, Inc 1 5.75% $39,682
    CORNERSTONE HOME LENDING, INC. 1 7.75% $9,376
    CUSTOMER SERVICE MORTGAGE CORPORATION 1 6.75% $9,490
    DATA MORTGAGE, INC. 1 7.00% $18,412
    DIGNIFIED HOME LOANS, LLC 1 5.88% $15,134
    ENVOY MORTGAGE, LTD 1 5.75% $17,548
    Evolve Bank & Trust 1 6.50% $22,406
    FBC MORTGAGE, LLC 1 6.75% $9,174
    FIRST NATIONS HOME FINANCE CORPORATION 1 5.75% $11,647
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $7,335
    GoPrime Mortgage, Inc. 1 6.00% $27,963
    HOME APPROVALS DIRECT, INC. 1 7.25% $33,769
    HomePromise Corporation 1 7.88% $21,813
    HOMESIDE FINANCIAL, LLC 1 5.75% $4,204
    HOMESTEAD FUNDING CORP. 1 6.00% $2,888
    INTERCAP LENDING INC. 1 5.75% $29,175
    INTERNATIONAL CITY MORTGAGE, INC. 1 6.75% $19,567
    JMAC LENDING, INC. 1 5.50% $16,015
    Leaders Credit Union 1 6.25% $9,244
    Meridian Bank Corporation 1 6.63% $17,459
    MICHIGAN MUTUAL, INC. 1 6.63% $18,490
    MK LENDING CORP. 1 6.00% $6,114
    MLD MORTGAGE INC. 1 6.13% $29,220
    NATIONWIDE MORTGAGE BANKERS, INC. 1 5.63% $24,366
    Northpointe Bank 1 6.25% $7,715
    NuVision Federal Credit Union 1 7.25% $5,061
    ON Q FINANCIAL, INC. 1 6.25% $6,404
    OPEN MORTGAGE, LLC 1 5.25% $23,927
    PANORAMA MORTGAGE GROUP, LLC 1 5.63% $5,249
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $7,963
    PRIMUS LENDING CORP. 1 7.50% $19,769
    PULTE MORTGAGE LLC 1 6.63% $13,799
    SIMPLIFI MORTGAGE, LLC 1 6.63% $26,328
    Sunflower Bank 1 6.63% $21,771
    TJC Mortgage, Inc. 1 5.75% $26,398
    UNION HOME MORTGAGE CORP. 1 7.13% $22,987
    UNITED 1 7.75% $6,637
    VISION ONE MORTGAGE, INC. 1 6.75% $16,559

    The top Los Angeles VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 405 VA loans originated. Their average total fees are $15,114, which is $819 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Los Angeles VA lenders (with over 10 loans originated) are JPMorgan Chase Bank ($9,223), PENTAGON FEDERAL CREDIT UNION ($9,425), PLAZA HOME MORTGAGE, INC. ($10,715), Mortgage Research Center, LLC ($11,694) and USAA Federal Savings Bank ($11,773).

    The lowest rate Los Angeles VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.74%), KBHS HOME LOANS, LLC (5.83%), NAVY FEDERAL CREDIT UNION (5.85%), LOANDEPOT.COM, LLC (5.85%) and PENTAGON FEDERAL CREDIT UNION (5.86%).

    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.