Madera VA Loans

MADERA, 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.

    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 6.11% for the week of 2022-09-23, compared to the national average (all VA variants) of 5.992% for the same period.

    The average rate for the prior week (2022-09-16) was 6.27% and one month ago for the week of 2022-08-19, the average rate was 5.43%.

    The average rate one year ago was 2.83%.

    For refis of the same type during the week of 2022-09-23, the average rate was 6.03%.

    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 MORTGAGE 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 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 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. 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
    2022-05-01 $499,000 (13.4%) $678,529 (14.3%) 0.00 355
    2022-06-01 $495,000 (10.7%) $642,727 (10.7%) 0.00 413
    2022-07-01 $489,000 (12.9%) $643,090 (13.8%) 0.00 512
    2022-08-01 $484,450 (10.4%) $616,723 (10.3%) 0.00 529
    Madera's median listing price for 2022-08-01 was $484,450, a difference of $45,450 (10.4%) versus the prior year and $-4,550 versus the prior month.

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

    Madera's average listing price for 2022-08-01 was $616,723, a difference of $57,503 (10.3%) versus the prior year and $-26,367 versus the prior month.

    For the 2022-08-01 period, Madera had 529 MLS listings, a difference of 17 listings (3%) versus the prior month and 157 listings (42%) 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
    2022-05-01 0 days 2,000 sqft
    2022-06-01 0 days 2,033 sqft
    2022-07-01 0 days 1,998 sqft
    2022-08-01 0 days 1,972 sqft
    Madera's median listing age (time on market) for 2022-08-01 was 0 days.

    Madera's median square footage for active listings during the 2022-08-01 period was 1,972 sqft. One year prior, the average listing was 1,935 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.