Madera VA Loan Rates, Closing Costs & Stats
MADERA, 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.
Madera's 89 lenders originated 599 VA loans during 2021. The total origination value was $195,625,000, with an average VA loan value of $326,586.
Madera VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Madera
averaged
0.32%
for the week of 2023-01-20, compared to the national average (all VA variants) of
0% for the same period.
Madera's average VA mortgage closing costs are $5,697.
The average rate for the prior week (2023-01-13) was
6.4% and
one month ago for the week of 2022-12-16, the
average rate was 6.38%.
The average rate one year ago was 3.88%.
For refis of the same type during the week of 2023-01-20, the average rate
was 0.14%.
Madera 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 Madera level.
The top Madera VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
49 VA loans originated. Their average total fees are
$2,925, which is $4,260
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Madera VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE ($2,866), FREEDOM MORTGAGE CORPORATION ($2,925), NAVY FEDERAL CREDIT UNION ($4,293), QUICKEN LOANS, LLC ($4,509) and LOANDEPOT.COM, LLC ($4,893).
The lowest rate Madera VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE (2.21%), PENNYMAC LOAN SERVICES, LLC (2.37%), HOME POINT FINANCIAL CORPORATION (2.43%), FREEDOM MORTGAGE CORPORATION (2.45%) and NAVY FEDERAL CREDIT UNION (2.45%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Madera (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $318,000 (9.8%) | $420,404 (12.0%) | 0.00 | 431 |
2018-02-01 | $319,500 (7.6%) | $418,481 (6.8%) | 0.00 | 428 |
2018-03-01 | $320,000 (10.9%) | $423,243 (7.1%) | 0.00 | 444 |
2018-04-01 | $315,000 (5.0%) | $416,949 (4.2%) | 0.00 | 472 |
2018-05-01 | $317,625 (1.5%) | $421,289 (2.3%) | 0.00 | 486 |
2018-06-01 | $318,500 (3.0%) | $424,081 (2.5%) | 0.00 | 507 |
2018-07-01 | $313,750 (-0.4%) | $418,158 (-2.9%) | 0.00 | 536 |
2018-08-01 | $309,987 (-3.1%) | $412,153 (-1.8%) | 0.00 | 534 |
2018-09-01 | $310,000 (-4.6%) | $411,807 (0.9%) | 0.00 | 553 |
2018-10-01 | $313,700 (-2.0%) | $397,961 (-1.4%) | 0.00 | 565 |
2018-11-01 | $320,500 (-0.6%) | $398,200 (-3.2%) | 0.00 | 580 |
2018-12-01 | $325,000 (3.2%) | $401,982 (-3.5%) | 0.00 | 546 |
2019-01-01 | $328,725 (3.4%) | $400,671 (-4.7%) | 0.00 | 518 |
2019-02-01 | $325,000 (1.7%) | $404,962 (-3.2%) | 0.00 | 501 |
2019-03-01 | $328,300 (2.6%) | $432,914 (2.3%) | 0.00 | 498 |
2019-04-01 | $330,798 (5.0%) | $419,472 (0.6%) | 0.00 | 506 |
2019-05-01 | $334,950 (5.5%) | $429,475 (1.9%) | 0.00 | 501 |
2019-06-01 | $337,000 (5.8%) | $449,554 (6.0%) | 0.00 | 514 |
2019-07-01 | $337,000 (7.4%) | $429,304 (2.7%) | 0.00 | 527 |
2019-08-01 | $335,727 (8.3%) | $423,252 (2.7%) | 0.00 | 535 |
2019-09-01 | $335,318 (8.2%) | $422,272 (2.5%) | 0.00 | 542 |
2019-10-01 | $335,000 (6.8%) | $423,115 (6.3%) | 0.00 | 538 |
2019-11-01 | $335,500 (4.7%) | $429,303 (7.8%) | 0.00 | 499 |
2019-12-01 | $328,750 (1.2%) | $423,215 (5.3%) | 0.00 | 485 |
2020-01-01 | $339,000 (3.1%) | $421,708 (5.3%) | 0.00 | 430 |
2020-02-01 | $339,950 (4.6%) | $427,339 (5.5%) | 0.00 | 418 |
2020-03-01 | $347,500 (5.9%) | $437,376 (1.0%) | 0.00 | 446 |
2020-04-01 | $345,250 (4.4%) | $426,215 (1.6%) | 0.00 | 448 |
2020-05-01 | $349,500 (4.3%) | $440,705 (2.6%) | 0.00 | 426 |
2020-06-01 | $355,700 (5.6%) | $457,011 (1.7%) | 0.00 | 362 |
2020-07-01 | $366,975 (8.9%) | $479,305 (11.7%) | 0.00 | 317 |
2020-08-01 | $389,900 (16.1%) | $498,818 (17.9%) | 0.00 | 272 |
2020-09-01 | $394,975 (17.8%) | $519,314 (23.0%) | 0.00 | 271 |
2020-10-01 | $389,500 (16.3%) | $531,018 (25.5%) | 0.00 | 249 |
2020-11-01 | $397,474 (18.5%) | $558,818 (30.2%) | 0.00 | 252 |
2020-12-01 | $399,000 (21.4%) | $565,676 (33.7%) | 0.00 | 218 |
2021-01-01 | $399,950 (18.0%) | $595,358 (41.2%) | 0.00 | 191 |
2021-02-01 | $422,000 (24.1%) | $630,832 (47.6%) | 0.00 | 159 |
2021-03-01 | $439,750 (26.6%) | $636,860 (45.6%) | 0.00 | 164 |
2021-04-01 | $434,975 (26.0%) | $613,566 (44.0%) | 0.00 | 170 |
2021-05-01 | $455,000 (30.2%) | $617,253 (40.1%) | 0.00 | 181 |
2021-06-01 | $444,000 (24.8%) | $607,656 (33.0%) | 0.00 | 194 |
2021-07-01 | $428,500 (16.8%) | $576,723 (20.3%) | 0.00 | 232 |
2021-08-01 | $438,310 (12.4%) | $576,262 (15.5%) | 0.00 | 252 |
2021-09-01 | $440,925 (11.6%) | $572,953 (10.3%) | 0.00 | 282 |
2021-10-01 | $459,000 (17.8%) | $614,306 (15.7%) | 0.00 | 267 |
2021-11-01 | $471,000 (18.5%) | $622,572 (11.4%) | 0.00 | 261 |
2021-12-01 | $470,000 (17.8%) | $653,278 (15.5%) | 0.00 | 232 |
2022-01-01 | $490,000 (22.5%) | $667,100 (12.1%) | 0.00 | 195 |
2022-02-01 | $466,978 (10.7%) | $654,052 (3.7%) | 0.00 | 192 |
2022-03-01 | $487,000 (10.7%) | $704,040 (10.6%) | 0.00 | 193 |
2022-04-01 | $494,950 (13.8%) | $725,671 (18.3%) | 0.00 | 207 |
2022-05-01 | $503,725 (10.7%) | $695,427 (12.7%) | 0.00 | 244 |
2022-06-01 | $499,500 (12.5%) | $651,900 (7.3%) | 0.00 | 284 |
2022-07-01 | $493,990 (15.3%) | $644,687 (11.8%) | 0.00 | 353 |
2022-08-01 | $479,450 (9.4%) | $613,271 (6.4%) | 0.00 | 367 |
2022-09-01 | $492,367 (11.7%) | $614,768 (7.3%) | 0.00 | 374 |
2022-10-01 | $475,000 (3.5%) | $595,225 (-3.1%) | 0.00 | 423 |
2022-11-01 | $469,000 (-0.4%) | $588,587 (-5.5%) | 0.00 | 408 |
2022-12-01 | $469,500 (-0.1%) | $590,703 (-9.6%) | 0.00 | 371 |
Madera's median listing price comes in at 0% of the national average.
Madera's average listing price for 2022-12-01 was $590,703, a difference of $-62,575 (-9.6%) versus the prior year and $2,116 versus the prior month.
For the 2022-12-01 period, Madera had 371 MLS listings, a difference of -37 listings (-9%) versus the prior month and 139 listings (60%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Madera (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,988 sqft |
2018-02-01 | 0 days | 1,929 sqft |
2018-03-01 | 0 days | 2,000 sqft |
2018-04-01 | 0 days | 1,961 sqft |
2018-05-01 | 0 days | 1,979 sqft |
2018-06-01 | 0 days | 1,951 sqft |
2018-07-01 | 0 days | 1,925 sqft |
2018-08-01 | 0 days | 1,947 sqft |
2018-09-01 | 0 days | 1,930 sqft |
2018-10-01 | 0 days | 1,910 sqft |
2018-11-01 | 0 days | 1,920 sqft |
2018-12-01 | 0 days | 1,920 sqft |
2019-01-01 | 0 days | 1,945 sqft |
2019-02-01 | 0 days | 1,956 sqft |
2019-03-01 | 0 days | 1,928 sqft |
2019-04-01 | 0 days | 1,928 sqft |
2019-05-01 | 0 days | 1,953 sqft |
2019-06-01 | 0 days | 1,976 sqft |
2019-07-01 | 0 days | 1,953 sqft |
2019-08-01 | 0 days | 1,953 sqft |
2019-09-01 | 0 days | 1,952 sqft |
2019-10-01 | 0 days | 1,952 sqft |
2019-11-01 | 0 days | 1,953 sqft |
2019-12-01 | 0 days | 1,900 sqft |
2020-01-01 | 0 days | 1,920 sqft |
2020-02-01 | 0 days | 1,952 sqft |
2020-03-01 | 0 days | 1,960 sqft |
2020-04-01 | 0 days | 1,960 sqft |
2020-05-01 | 0 days | 1,990 sqft |
2020-06-01 | 0 days | 2,045 sqft |
2020-07-01 | 0 days | 2,023 sqft |
2020-08-01 | 0 days | 2,100 sqft |
2020-09-01 | 0 days | 2,113 sqft |
2020-10-01 | 0 days | 2,028 sqft |
2020-11-01 | 0 days | 2,070 sqft |
2020-12-01 | 0 days | 2,041 sqft |
2021-01-01 | 0 days | 2,079 sqft |
2021-02-01 | 0 days | 2,075 sqft |
2021-03-01 | 0 days | 2,142 sqft |
2021-04-01 | 0 days | 2,030 sqft |
2021-05-01 | 0 days | 2,044 sqft |
2021-06-01 | 0 days | 1,943 sqft |
2021-07-01 | 0 days | 1,912 sqft |
2021-08-01 | 0 days | 1,942 sqft |
2021-09-01 | 0 days | 2,012 sqft |
2021-10-01 | 0 days | 2,038 sqft |
2021-11-01 | 0 days | 2,070 sqft |
2021-12-01 | 0 days | 2,049 sqft |
2022-01-01 | 0 days | 2,100 sqft |
2022-02-01 | 0 days | 2,077 sqft |
2022-03-01 | 0 days | 1,998 sqft |
2022-04-01 | 0 days | 2,031 sqft |
2022-05-01 | 0 days | 2,012 sqft |
2022-06-01 | 0 days | 2,027 sqft |
2022-07-01 | 0 days | 2,000 sqft |
2022-08-01 | 0 days | 1,941 sqft |
2022-09-01 | 0 days | 1,985 sqft |
2022-10-01 | 0 days | 1,949 sqft |
2022-11-01 | 0 days | 1,961 sqft |
2022-12-01 | 0 days | 1,937 sqft |
Madera's median square footage for active listings during the 2022-12-01 period was 1,937 sqft. One year prior, the average listing was 2,049 sqft.