Madera VA Loan Rates, Closing Costs & Stats

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 51 lenders originated 225 VA loans during 2024. The total origination value was $101,075,000, with an average VA loan value of $449,222.

    Madera VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Madera averaged 6.27% for the week of 2025-05-09, compared to the national average (all VA variants) of 6.369% for the same period.

    Madera's average VA mortgage closing costs are $6,706.

    The average rate for the prior week (2025-05-02) was 6.29% and one month ago for the week of 2025-04-04, the average rate was 6.23%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2025-05-09, the average rate was 6.27%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Madera level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 42 5.71% $7,597
    EAGLE HOME MORTGAGE, LLC 18 5.59% $5,318
    Century Mortgage Company DBA Century Lending Company 14 6.07% $9,341
    FREEDOM MORTGAGE CORPORATION 11 5.83% $8,657
    Mortgage Research Center, LLC 11 6.28% $9,008
    QUICKEN LOANS, LLC 11 5.96% $10,841
    Paramount Residential Mortgage Group, Inc. 9 6.17% $11,332
    PENNYMAC LOAN SERVICES, LLC 7 5.43% $11,018
    Golden Empire Mortgage, Inc. 7 6.54% $6,751
    NAVY FEDERAL CREDIT UNION 7 5.68% $7,917
    Sierra Pacific Mortgage Company, Inc. 6 6.42% $8,121
    VILLAGE CAPITAL MORTGAGE 6 5.38% $7,695
    CLM MORTGAGE, INC 4 6.09% $8,139
    CMG MORTGAGE, INC. 3 5.71% $12,715
    KBHS HOME LOANS, LLC 3 5.63% $5,813
    CROSSCOUNTRY MORTGAGE, LLC 3 5.75% $6,326
    ALTITUDE FINANCIAL CORPORATION 3 5.75% $2,430
    ALAMEDA MORTGAGE CORPORATION 3 6.17% $13,756
    INSPIRE HOME LOANS INC. 3 5.17% $2,605
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.19% $19,212
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.00% $15,222
    BROKER SOLUTIONS, INC. 2 5.88% $3,878
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.56% $11,612
    LEADERONE FINANCIAL CORPORATION 2 6.00% $11,505
    LOANDEPOT.COM, LLC 2 6.25% $13,338
    NEW DAY FINANCIAL, LLC 2 7.62% $8,550
    NEWREZ LLC 2 6.37% $8,435
    PLAZA HOME MORTGAGE, INC. 2 6.50% $5,636
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 7.06% $8,792
    The Federal Savings Bank 2 6.00% $14,977
    The Loan Store, Inc. 2 5.44% $14,614
    VERITAS FUNDING, LLC 1 5.75% $34,202
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $10,021
    FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $11,782
    DHI MORTGAGE COMPANY, LTD. 1 4.99% $3,922
    PENTAGON FEDERAL CREDIT UNION 1 5.50% $359
    PLANET HOME LENDING, LLC 1 6.38% $9,086
    AMERISAVE MORTGAGE CORPORATION 1 6.63% $26,989
    BAY-VALLEY MORTGAGE GROUP 1 6.25% $7,338
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $11,007
    Barrington Bank & Trust Company, N.A. 1 6.25% $7,338
    U.S. Bank 1 5.75% $6,386
    S1L, Inc. 1 5.75% $12,082
    JMAC LENDING, INC. 1 5.88% $11,107
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $5,006
    AUGUSTA FINANCIAL, INC. 1 5.75% $18,146
    SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $12,392
    GUARANTEED RATE, INC. 1 5.25% $2,405
    MOVEMENT MORTGAGE, LLC 1 6.75% $4,685
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $4,343
    First Western Trust Bank 1 5.63% $7,710

    The top Madera VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 42 VA loans originated. Their average total fees are $7,597, which is $2,279 higher than the next largest lender, EAGLE HOME MORTGAGE, LLC.

    The lowest fee Madera VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($5,318), UNITED WHOLESALE MORTGAGE, LLC ($7,597), FREEDOM MORTGAGE CORPORATION ($8,657), Mortgage Research Center, LLC ($9,008) and Century Mortgage Company DBA Century Lending Company ($9,341).

    The lowest rate Madera VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.59%), UNITED WHOLESALE MORTGAGE, LLC (5.71%), FREEDOM MORTGAGE CORPORATION (5.83%), QUICKEN LOANS, LLC (5.96%) and Century Mortgage Company DBA Century Lending Company (6.07%).

    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.