Madera VA Loans

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 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 5.58% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.51% and one month ago for the week of 2022-04-08, the average rate was 5.13%.

The average rate one year ago was 2.95%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.2%.

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

Madera 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 Madera level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 49 2.45% $2,925
UNITED WHOLESALE MORTGAGE, LLC 40 2.62% $7,185
QUICKEN LOANS, LLC 39 2.51% $4,509
PENNYMAC LOAN SERVICES, LLC 34 2.37% $5,245
HOME POINT FINANCIAL CORPORATION 27 2.43% $5,508
Mortgage Research Center, LLC 27 2.82% $7,749
LOANDEPOT.COM, LLC 22 2.51% $4,893
Sierra Pacific Mortgage Company, Inc. 18 2.72% $9,547
FINANCE OF AMERICA MORTGAGE LLC 16 2.55% $8,156
ALAMEDA MORTGAGE CORPORATION 15 2.93% $8,926
VILLAGE CAPITAL & INVESTMENT LLC 13 2.21% $2,866
The Federal Savings Bank 13 2.63% $8,996
NEW DAY FINANCIAL, LLC 10 2.86% $9,326
NAVY FEDERAL CREDIT UNION 10 2.45% $4,293
CALIBER HOME LOANS, INC. 9 2.45% $4,492
PLAZA HOME MORTGAGE, INC. 9 2.51% $7,222
CLEARPATH LENDING 9 2.42% $3,845
LAKEVIEW LOAN SERVICING, LLC 8 2.36% $2,269
EAGLE HOME MORTGAGE, LLC 8 2.80% $8,120
NEWREZ LLC 8 2.53% $3,250
KBHS HOME LOANS, LLC 7 3.00% $7,934
Mr. Cooper ( Nationstar Mortgage ) 7 2.61% $5,358
BROKER SOLUTIONS, INC. 7 2.64% $7,929
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 2.71% $6,599
Barrington Bank & Trust Company, N.A. 6 2.73% $5,010
NBKC BANK 6 2.52% $3,388
SUN WEST MORTGAGE COMPANY, INC. 5 2.48% $5,500
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 2.72% $8,122
Low VA Rates, LLC 4 2.31% $4,585
CMG MORTGAGE, INC. 4 2.38% $6,195
Carrington Mortgage Services, LLC 4 2.59% $7,384
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 2.81% $10,737
USAA Federal Savings Bank 4 2.91% $64
AMERICAN FINANCIAL NETWORK, INC. 4 2.41% $10,402
PLANET HOME LENDING, LLC 4 2.38% $3,554
Golden Empire Mortgage, Inc. 3 3.13% $10,177
RESIDENTIAL BANCORP. 3 2.63% $14,446
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.79% $16,855
U.S. Bank 3 2.88% $7,234
Wells Fargo Bank 3 2.33% $4,804
LOANPAL, LLC 3 2.42% $9,623
Equity Prime Mortgage LLC 2 3.13% $3,464
ACCELERATE MORTGAGE, LLC 2 2.00% $5,835
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 2 3.06% $12,327
InterContinental Capital Group, Inc 2 2.25% $2,107
INTERCAP LENDING INC. 2 2.56% $2,200
CROSSCOUNTRY MORTGAGE, LLC 2 3.19% $7,154
SUMMIT FUNDING, INC. 2 3.00% $7,911
MLD MORTGAGE INC. 2 3.00% $9,037
Commerce Home Mortgage, Inc. 2 2.69% $5,656
Paramount Residential Mortgage Group, Inc. 2 3.00% $12,343
BAY EQUITY LLC 2 2.44% $6,597
Lakeview Community Capital, LLC 2 2.38% $2,782
STEARNS LENDING, LLC 1 2.25% $1,852
Amerifirst Financial, Inc. 1 3.25% $13,544
Bank of Idaho 1 3.00% $2,248
BELEM SERVICING LLC 1 2.25% $4,945
BNC National Bank 1 2.25% $787
COUNTRY CLUB MORTGAGE, INC. 1 2.75% $1,472
First Federal Bank 1 2.75% $5,696
Flagstar Bank, FSB 1 2.85% $1,620
Franklin Loan Corporation 1 2.63% $600
GUARANTEED RATE AFFINITY, LLC 1 2.50% $17,300
GUILD MORTGAGE COMPANY 1 2.63% $12,838
HomePromise Corporation 1 3.38% $16,068
LEADERONE FINANCIAL CORPORATION 1 2.63% $11,690
Magnolia Bank 1 2.25% $11,146
MASON MCDUFFIE MORTGAGE CORPORATION 1 2.75% $5,061
MID AMERICA MORTGAGE, INC. 1 2.50% $2,383
MID-VALLEY SERVICES, INC. 1 2.38% $1,748
MORTGAGEONE, INC. 1 2.75% $0
MOUNTAIN WEST FINANCIAL, INC. 1 2.50% $4,095
MOVEMENT MORTGAGE, LLC 1 2.88% $10,996
MUFG Union Bank 1 2.50% $11,509
Nations Lending Corporation 1 2.25% $2,210
NATIONWIDE MORTGAGE BANKERS, INC. 1 2.88% $10,670
NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.25% $14,109
NP, Inc. 1 2.75% $5,248
OCMBC, INC. 1 3.25% $3,315
PHH Mortgage Corporation 1 2.75% $4,756
Platinum Home Mortgage Corporation 1 3.25% $10,526
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.00% $13,337
Prosperity Home Mortgage, LLC 1 2.88% $1,725
SCENIC OAKS FUNDING, INC. 1 2.25% $3,002
SOVEREIGN LENDING GROUP INCORPORATED 1 2.25% $4,291
ABSOLUTE HOME MORTGAGE CORPORATION 1 2.38% $3,712
Strong Home Mortgage, LLC 1 2.38% $2,698
TOWNE MORTGAGE COMPANY 1 2.75% $3,456
Truist Bank 1 2.60% $1,226

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 & INVESTMENT LLC ($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 & INVESTMENT LLC (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. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $325,000 (12.5%) $421,884 (11.5%) 0.00 645
2018-02-01 $327,500 (13.4%) $421,235 (9.0%) 0.00 649
2018-03-01 $329,000 (13.8%) $432,468 (11.2%) 0.00 670
2018-04-01 $317,500 (0.8%) $422,469 (4.9%) 0.00 717
2018-05-01 $325,000 (0.8%) $426,709 (3.3%) 0.00 760
2018-06-01 $320,000 (-0.7%) $437,382 (5.3%) 0.00 781
2018-07-01 $322,500 (-0.8%) $431,764 (0.8%) 0.00 843
2018-08-01 $319,500 (-3.2%) $422,785 (-1.0%) 0.00 865
2018-09-01 $319,900 (-3.1%) $422,156 (1.9%) 0.00 887
2018-10-01 $318,875 (-2.0%) $403,644 (-1.7%) 0.00 893
2018-11-01 $322,500 (-0.8%) $403,797 (-2.5%) 0.00 904
2018-12-01 $329,000 (1.3%) $409,087 (-2.7%) 0.00 850
2019-01-01 $329,000 (1.2%) $405,521 (-3.9%) 0.00 798
2019-02-01 $329,000 (0.5%) $417,416 (-0.9%) 0.00 766
2019-03-01 $331,000 (0.6%) $436,775 (1.0%) 0.00 757
2019-04-01 $335,000 (5.5%) $434,757 (2.9%) 0.00 768
2019-05-01 $347,450 (6.9%) $442,372 (3.7%) 0.00 764
2019-06-01 $349,500 (9.2%) $468,038 (7.0%) 0.00 787
2019-07-01 $344,950 (7.0%) $443,780 (2.8%) 0.00 807
2019-08-01 $341,086 (6.8%) $435,465 (3.0%) 0.00 816
2019-09-01 $336,636 (5.2%) $430,475 (2.0%) 0.00 811
2019-10-01 $339,000 (6.3%) $438,846 (8.7%) 0.00 793
2019-11-01 $339,000 (5.1%) $443,555 (9.9%) 0.00 741
2019-12-01 $339,000 (3.0%) $442,121 (8.1%) 0.00 707
2020-01-01 $339,975 (3.3%) $438,034 (8.0%) 0.00 624
2020-02-01 $349,000 (6.1%) $437,689 (4.9%) 0.00 635
2020-03-01 $349,450 (5.6%) $445,700 (2.0%) 0.00 665
2020-04-01 $349,000 (4.2%) $429,882 (-1.1%) 0.00 665
2020-05-01 $349,900 (0.7%) $445,816 (0.8%) 0.00 634
2020-06-01 $363,750 (4.1%) $455,187 (-2.8%) 0.00 543
2020-07-01 $371,000 (7.6%) $480,376 (8.3%) 0.00 469
2020-08-01 $388,000 (13.8%) $495,760 (13.9%) 0.00 403
2020-09-01 $394,950 (17.3%) $522,216 (21.3%) 0.00 399
2020-10-01 $392,000 (15.6%) $531,057 (21.0%) 0.00 369
2020-11-01 $410,000 (20.9%) $563,267 (27.0%) 0.00 378
2020-12-01 $399,250 (17.8%) $562,297 (27.2%) 0.00 319
2021-01-01 $409,900 (20.6%) $585,244 (33.6%) 0.00 279
2021-02-01 $435,450 (24.8%) $618,729 (41.4%) 0.00 234
2021-03-01 $449,500 (28.6%) $636,473 (42.8%) 0.00 236
2021-04-01 $442,450 (26.8%) $605,733 (40.9%) 0.00 240
2021-05-01 $439,900 (25.7%) $593,437 (33.1%) 0.00 251
2021-06-01 $447,375 (23.0%) $580,674 (27.6%) 0.00 271
2021-07-01 $433,000 (16.7%) $565,305 (17.7%) 0.00 332
2021-08-01 $439,000 (13.1%) $559,220 (12.8%) 0.00 372
2021-09-01 $443,920 (12.4%) $562,873 (7.8%) 0.00 420
2021-10-01 $459,000 (17.1%) $584,717 (10.1%) 0.00 385
2021-11-01 $467,000 (13.9%) $607,977 (7.9%) 0.00 376
2021-12-01 $477,000 (19.5%) $648,802 (15.4%) 0.00 324
2022-01-01 $496,000 (21.0%) $661,794 (13.1%) 0.00 278
2022-02-01 $468,955 (7.7%) $648,361 (4.8%) 0.00 270
2022-03-01 $484,945 (7.9%) $675,572 (6.1%) 0.00 278
2022-04-01 $499,000 (12.8%) $705,057 (16.4%) 0.00 304
Madera's median listing price for 2022-04-01 was $499,000, a difference of $56,550 (12.8%) versus the prior year and $14,055 versus the prior month.

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

Madera's average listing price for 2022-04-01 was $705,057, a difference of $99,324 (16.4%) versus the prior year and $29,485 versus the prior month.

For the 2022-04-01 period, Madera had 304 MLS listings, a difference of 26 listings (9%) versus the prior month and 64 listings (27%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Madera (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,000 sqft
2018-02-01 0 days 1,980 sqft
2018-03-01 0 days 2,017 sqft
2018-04-01 0 days 1,956 sqft
2018-05-01 0 days 1,964 sqft
2018-06-01 0 days 1,953 sqft
2018-07-01 0 days 1,942 sqft
2018-08-01 0 days 1,957 sqft
2018-09-01 0 days 1,947 sqft
2018-10-01 0 days 1,911 sqft
2018-11-01 0 days 1,919 sqft
2018-12-01 0 days 1,920 sqft
2019-01-01 0 days 1,944 sqft
2019-02-01 0 days 1,991 sqft
2019-03-01 0 days 1,961 sqft
2019-04-01 0 days 1,966 sqft
2019-05-01 0 days 2,007 sqft
2019-06-01 0 days 2,008 sqft
2019-07-01 0 days 1,971 sqft
2019-08-01 0 days 1,954 sqft
2019-09-01 0 days 1,939 sqft
2019-10-01 0 days 1,982 sqft
2019-11-01 0 days 1,986 sqft
2019-12-01 0 days 1,936 sqft
2020-01-01 0 days 1,943 sqft
2020-02-01 0 days 1,990 sqft
2020-03-01 0 days 1,970 sqft
2020-04-01 0 days 1,972 sqft
2020-05-01 0 days 1,997 sqft
2020-06-01 0 days 2,078 sqft
2020-07-01 0 days 2,055 sqft
2020-08-01 0 days 2,100 sqft
2020-09-01 0 days 2,122 sqft
2020-10-01 0 days 2,064 sqft
2020-11-01 0 days 2,094 sqft
2020-12-01 0 days 2,019 sqft
2021-01-01 0 days 2,088 sqft
2021-02-01 0 days 2,110 sqft
2021-03-01 0 days 2,181 sqft
2021-04-01 0 days 2,075 sqft
2021-05-01 0 days 2,023 sqft
2021-06-01 0 days 1,947 sqft
2021-07-01 0 days 1,911 sqft
2021-08-01 0 days 1,935 sqft
2021-09-01 0 days 2,011 sqft
2021-10-01 0 days 2,024 sqft
2021-11-01 0 days 2,062 sqft
2021-12-01 0 days 2,046 sqft
2022-01-01 0 days 2,100 sqft
2022-02-01 0 days 2,058 sqft
2022-03-01 0 days 1,998 sqft
2022-04-01 0 days 2,046 sqft
Madera's median listing age (time on market) for 2022-04-01 was 0 days.

Madera's median square footage for active listings during the 2022-04-01 period was 2,046 sqft. One year prior, the average listing was 2,075 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.