Modesto VA Loan Rates, Closing Costs & Stats

MODESTO, 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.

    Modesto's 67 lenders originated 374 VA loans during 2024. The total origination value was $177,250,000, with an average VA loan value of $473,930.

    Modesto VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Modesto averaged 7.01% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Modesto's average VA mortgage closing costs are $7,533.

    The average rate for the prior week (2025-05-16) was 6.7% and one month ago for the week of 2025-04-18, the average rate was 6.77%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.48%.

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

    Modesto 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 Modesto level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 61 5.87% $9,924
    Mortgage Research Center, LLC 57 6.15% $8,753
    QUICKEN LOANS, LLC 27 5.94% $9,860
    AMERICAN PACIFIC MORTGAGE CORPORATION 20 6.34% $13,439
    LOANDEPOT.COM, LLC 13 5.92% $6,659
    FREEDOM MORTGAGE CORPORATION 13 5.88% $9,888
    Century Mortgage Company DBA Century Lending Company 12 6.09% $12,680
    CROSSCOUNTRY MORTGAGE, LLC 10 6.21% $7,070
    GUARANTEED RATE, INC. 9 5.86% $7,567
    SCENIC OAKS FUNDING, INC. 8 6.19% $16,475
    KBHS HOME LOANS, LLC 8 5.48% $9,044
    PENNYMAC LOAN SERVICES, LLC 8 5.73% $12,193
    DHI MORTGAGE COMPANY, LTD. 8 5.42% $10,991
    VILLAGE CAPITAL MORTGAGE 7 5.82% $9,246
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 6 4.60% $8,472
    The Federal Savings Bank 5 6.75% $24,379
    NAVY FEDERAL CREDIT UNION 5 5.93% $5,681
    EAGLE HOME MORTGAGE, LLC 5 4.64% $4,128
    NEWREZ LLC 5 6.35% $6,246
    GUILD MORTGAGE COMPANY 4 6.19% $14,177
    Cornerstone First Mortgage, Inc 3 6.29% $9,200
    Equity Prime Mortgage LLC 3 6.83% $13,356
    NFM, INC. 3 5.58% $9,230
    Paramount Residential Mortgage Group, Inc. 3 6.00% $11,526
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.67% $9,650
    Carrington Mortgage Services, LLC 3 6.71% $19,042
    CARDINAL FINANCIAL 3 6.58% $8,654
    ALAMEDA MORTGAGE CORPORATION 2 6.94% $7,913
    Barrington Bank & Trust Company, N.A. 2 6.50% $7,012
    DIRECTIONS EQUITY, LLC 2 5.75% $14,974
    Franklin Loan Corporation 2 6.38% $8,437
    LAKEVIEW LOAN SERVICING, LLC 2 5.63% $3,597
    NATIONS DIRECT MORTGAGE, LLC 2 5.38% $14,309
    NEW DAY FINANCIAL, LLC 2 7.25% $13,318
    SUN WEST MORTGAGE COMPANY, INC. 2 6.13% $32,260
    U.S. Bank 2 6.13% $19,857
    Wells Fargo Bank 2 6.56% $10,133
    Magnolia Bank 1 5.00% $14,815
    MASON MCDUFFIE MORTGAGE CORPORATION 1 5.75% $9,519
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $6,827
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $5,680
    MOVEMENT MORTGAGE, LLC 1 6.75% $16,825
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $12,879
    AMERICAN FINANCING CORPORATION 1 5.75% $14,183
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $4,908
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $10,497
    DAS Acquisition Company, LLC 1 5.63% $10,611
    Commerce Home Mortgage, Inc. 1 6.63% $5,231
    COASTAL FUNDING SLC, INC. 1 5.63% $7,771
    CLEARPATH LENDING 1 5.50% $2,252
    Performance Financial, Inc. 1 7.25% $16,105
    PLANET HOME LENDING, LLC 1 5.49% $6,473
    PLAZA HOME MORTGAGE, INC. 1 5.88% $9,709
    BROKER SOLUTIONS, INC. 1 6.13% $17,260
    Prosperity Home Mortgage, LLC 1 5.75% $2,966
    BAY EQUITY LLC 1 6.63% $963
    Armed Forces Bank 1 5.75% $4,258
    Sierra Pacific Mortgage Company, Inc. 1 5.99% $19,282
    Vellum Mortgage, Inc. 1 6.00% $7,932
    AMERISAVE MORTGAGE CORPORATION 1 5.63% $19,372
    TOWNE MORTGAGE COMPANY 1 6.00% $10,190
    JPMorgan Chase Bank 1 5.63% $0
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $24,283
    Lakeview Community Capital, LLC 1 6.25% $4,974
    UNION HOME MORTGAGE CORP. 1 5.63% $4,611
    LEADERONE FINANCIAL CORPORATION 1 5.75% $9,826
    Flagstar Bank, FSB 1 7.75% $8,559

    The top Modesto VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 61 VA loans originated. Their average total fees are $9,924, which is $1,171 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Modesto VA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($6,659), CROSSCOUNTRY MORTGAGE, LLC ($7,070), Mortgage Research Center, LLC ($8,753), QUICKEN LOANS, LLC ($9,860) and FREEDOM MORTGAGE CORPORATION ($9,888).

    The lowest rate Modesto VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.87%), FREEDOM MORTGAGE CORPORATION (5.88%), LOANDEPOT.COM, LLC (5.92%), QUICKEN LOANS, LLC (5.94%) and Century Mortgage Company DBA Century Lending Company (6.09%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Modesto (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 $346,500 (14.6%) $435,301 (9.6%) 1.28 643
    2018-02-01 $346,875 (11.9%) $423,147 (4.2%) 1.26 681
    2018-03-01 $353,000 (10.8%) $449,092 (10.7%) 1.24 722
    2018-04-01 $359,500 (10.6%) $454,420 (11.0%) 1.22 753
    2018-05-01 $364,950 (10.8%) $450,889 (9.3%) 1.22 842
    2018-06-01 $355,000 (6.2%) $430,577 (4.5%) 1.18 957
    2018-07-01 $354,900 (7.6%) $425,911 (2.8%) 1.19 1,005
    2018-08-01 $350,000 (7.0%) $423,132 (1.6%) 1.17 1,106
    2018-09-01 $349,000 (5.8%) $420,435 (2.2%) 1.17 1,086
    2018-10-01 $339,913 (3.0%) $411,327 (0.3%) 1.15 1,102
    2018-11-01 $339,900 (0.9%) $416,617 (0.9%) 1.15 1,078
    2018-12-01 $340,000 (0.0%) $413,487 (-3.2%) 1.17 1,025
    2019-01-01 $339,985 (-1.9%) $413,501 (-5.0%) 1.17 925
    2019-02-01 $344,611 (-0.7%) $416,254 (-1.6%) 1.16 887
    2019-03-01 $356,371 (1.0%) $426,391 (-5.1%) 1.17 836
    2019-04-01 $365,000 (1.5%) $441,712 (-2.8%) 1.16 806
    2019-05-01 $365,000 (0.0%) $441,618 (-2.1%) 1.14 865
    2019-06-01 $369,950 (4.2%) $456,546 (6.0%) 1.16 879
    2019-07-01 $374,400 (5.5%) $463,568 (8.8%) 1.17 851
    2019-08-01 $375,836 (7.4%) $461,688 (9.1%) 1.19 870
    2019-09-01 $369,741 (5.9%) $448,629 (6.7%) 1.18 897
    2019-10-01 $367,677 (8.2%) $441,824 (7.4%) 1.19 886
    2019-11-01 $369,000 (8.6%) $438,366 (5.2%) 1.21 794
    2019-12-01 $368,950 (8.5%) $449,597 (8.7%) 1.23 640
    2020-01-01 $372,000 (9.4%) $452,766 (9.5%) 1.24 575
    2020-02-01 $375,120 (8.9%) $474,080 (13.9%) 1.23 538
    2020-03-01 $389,225 (9.2%) $473,800 (11.1%) 1.22 610
    2020-04-01 $377,250 (3.4%) $456,612 (3.4%) 1.18 667
    2020-05-01 $377,000 (3.3%) $465,429 (5.4%) 1.15 661
    2020-06-01 $392,450 (6.1%) $479,783 (5.1%) 1.16 486
    2020-07-01 $402,225 (7.4%) $529,779 (14.3%) 1.17 411
    2020-08-01 $419,000 (11.5%) $547,642 (18.6%) 1.20 356
    2020-09-01 $417,225 (12.8%) $536,714 (19.6%) 1.20 374
    2020-10-01 $418,888 (13.9%) $550,968 (24.7%) 1.20 399
    2020-11-01 $422,500 (14.5%) $556,940 (27.1%) 1.24 410
    2020-12-01 $431,235 (16.9%) $589,424 (31.1%) 1.28 354
    2021-01-01 $439,000 (18.0%) $619,061 (36.7%) 1.31 299
    2021-02-01 $429,950 (14.6%) $622,412 (31.3%) 1.25 265
    2021-03-01 $443,500 (13.9%) $639,943 (35.1%) 1.26 267
    2021-04-01 $445,600 (18.1%) $609,410 (33.5%) 1.21 299
    2021-05-01 $449,800 (19.3%) $614,325 (32.0%) 1.20 320
    2021-06-01 $448,425 (14.3%) $598,953 (24.8%) 1.18 379
    2021-07-01 $449,900 (11.9%) $584,241 (10.3%) 1.19 451
    2021-08-01 $460,000 (9.8%) $580,082 (5.9%) 1.23 495
    2021-09-01 $464,500 (11.3%) $569,751 (6.2%) 1.24 481
    2021-10-01 $472,450 (12.8%) $579,129 (5.1%) 1.26 526
    2021-11-01 $482,450 (14.2%) $591,879 (6.3%) 1.29 467
    2021-12-01 $481,315 (11.6%) $597,951 (1.5%) 1.30 352
    2022-01-01 $479,925 (9.3%) $600,753 (-3.0%) 1.30 290
    2022-02-01 $489,500 (13.9%) $612,804 (-1.5%) 1.27 279
    2022-03-01 $494,225 (11.4%) $624,146 (-2.5%) 1.24 291
    2022-04-01 $499,000 (12.0%) $630,535 (3.5%) 1.19 337
    2022-05-01 $499,950 (11.2%) $639,979 (4.2%) 1.14 475
    2022-06-01 $494,475 (10.3%) $598,062 (-0.2%) 1.10 607
    2022-07-01 $480,000 (6.7%) $553,414 (-5.3%) 1.08 762
    2022-08-01 $475,000 (3.3%) $549,208 (-5.3%) 1.10 824
    2022-09-01 $472,500 (1.7%) $544,610 (-4.4%) 1.10 789
    2022-10-01 $470,000 (-0.5%) $552,066 (-4.7%) 1.11 743
    2022-11-01 $472,500 (-2.1%) $564,609 (-4.6%) 1.14 653
    2022-12-01 $480,000 (-0.3%) $588,001 (-1.7%) 1.19 542
    2023-01-01 $488,871 (1.9%) $595,593 (-0.9%) 1.21 456
    2023-02-01 $489,499 (0.0%) $597,835 (-2.4%) 1.18 417
    2023-03-01 $499,993 (1.2%) $610,642 (-2.2%) 1.18 363
    2023-04-01 $520,000 (4.2%) $612,746 (-2.8%) 1.21 319
    2023-05-01 $530,000 (6.0%) $627,971 (-1.9%) 1.20 322
    2023-06-01 $532,438 (7.7%) $620,356 (3.7%) 1.20 359
    2023-07-01 $524,900 (9.4%) $613,757 (10.9%) 1.19 415
    2023-08-01 $517,500 (9.0%) $625,275 (13.9%) 1.19 442
    2023-09-01 $504,629 (6.8%) $625,382 (14.8%) 1.17 449
    2023-10-01 $520,000 (10.6%) $629,180 (14.0%) 1.22 489
    2023-11-01 $499,987 (5.8%) $618,671 (9.6%) 1.19 505
    2023-12-01 $509,995 (6.3%) $628,165 (6.8%) 1.24 460
    2024-01-01 $522,500 (6.9%) $625,522 (5.0%) 1.28 416
    2024-02-01 $525,000 (7.3%) $622,800 (4.2%) 1.26 385
    2024-03-01 $519,999 (4.0%) $625,227 (2.4%) 1.22 448
    2024-04-01 $529,000 (1.7%) $635,737 (3.8%) 1.23 496
    2024-05-01 $532,000 (0.4%) $628,863 (0.1%) 1.21 539
    2024-06-01 $527,995 (-0.8%) $618,015 (-0.4%) 1.20 578
    2024-07-01 $529,923 (1.0%) $630,957 (2.8%) 1.21 632
    2024-08-01 $534,999 (3.4%) $620,420 (-0.8%) 1.24 684
    2024-09-01 $528,950 (4.8%) $610,897 (-2.3%) 1.24 698
    2024-10-01 $524,950 (1.0%) $612,561 (-2.6%) 1.24 685
    2024-11-01 $520,000 (4.0%) $633,218 (2.4%) 1.25 701
    2024-12-01 $515,000 (1.0%) $641,764 (2.2%) 1.28 585
    2025-01-01 $522,500 (0.0%) $642,233 (2.7%) 1.30 557
    2025-02-01 $516,948 (-1.5%) $632,933 (1.6%) 1.25 623
    2025-03-01 $525,000 (1.0%) $638,085 (2.1%) 1.24 649
    2025-04-01 $525,000 (-0.8%) $628,459 (-1.1%) 1.22 733
    Modesto's median listing price for 2025-04-01 was $525,000, a difference of $-4,000 (-0.8%) versus the prior year and $0 versus the prior month.

    Modesto's median listing price comes in at 122% of the national average.

    Modesto's average listing price for 2025-04-01 was $628,459, a difference of $-7,278 (-1.1%) versus the prior year and $-9,626 versus the prior month.

    For the 2025-04-01 period, Modesto had 733 MLS listings, a difference of 84 listings (13%) versus the prior month and 237 listings (48%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Modesto (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 57 days 1,837 sqft
    2018-02-01 37 days 1,778 sqft
    2018-03-01 35 days 1,837 sqft
    2018-04-01 35 days 1,862 sqft
    2018-05-01 33 days 1,870 sqft
    2018-06-01 34 days 1,835 sqft
    2018-07-01 37 days 1,829 sqft
    2018-08-01 37 days 1,810 sqft
    2018-09-01 38 days 1,767 sqft
    2018-10-01 42 days 1,715 sqft
    2018-11-01 45 days 1,704 sqft
    2018-12-01 54 days 1,712 sqft
    2019-01-01 57 days 1,695 sqft
    2019-02-01 47 days 1,713 sqft
    2019-03-01 42 days 1,755 sqft
    2019-04-01 40 days 1,816 sqft
    2019-05-01 39 days 1,813 sqft
    2019-06-01 39 days 1,849 sqft
    2019-07-01 43 days 1,863 sqft
    2019-08-01 44 days 1,865 sqft
    2019-09-01 43 days 1,838 sqft
    2019-10-01 45 days 1,822 sqft
    2019-11-01 52 days 1,844 sqft
    2019-12-01 65 days 1,834 sqft
    2020-01-01 67 days 1,833 sqft
    2020-02-01 45 days 1,856 sqft
    2020-03-01 35 days 1,888 sqft
    2020-04-01 43 days 1,828 sqft
    2020-05-01 57 days 1,853 sqft
    2020-06-01 63 days 1,882 sqft
    2020-07-01 53 days 1,902 sqft
    2020-08-01 35 days 1,948 sqft
    2020-09-01 32 days 1,844 sqft
    2020-10-01 32 days 1,836 sqft
    2020-11-01 37 days 1,851 sqft
    2020-12-01 42 days 1,844 sqft
    2021-01-01 46 days 1,845 sqft
    2021-02-01 34 days 1,788 sqft
    2021-03-01 32 days 1,841 sqft
    2021-04-01 30 days 1,847 sqft
    2021-05-01 26 days 1,789 sqft
    2021-06-01 25 days 1,737 sqft
    2021-07-01 26 days 1,754 sqft
    2021-08-01 26 days 1,790 sqft
    2021-09-01 30 days 1,724 sqft
    2021-10-01 30 days 1,762 sqft
    2021-11-01 37 days 1,745 sqft
    2021-12-01 42 days 1,770 sqft
    2022-01-01 40 days 1,763 sqft
    2022-02-01 29 days 1,739 sqft
    2022-03-01 26 days 1,750 sqft
    2022-04-01 25 days 1,718 sqft
    2022-05-01 23 days 1,755 sqft
    2022-06-01 25 days 1,725 sqft
    2022-07-01 30 days 1,695 sqft
    2022-08-01 37 days 1,663 sqft
    2022-09-01 44 days 1,661 sqft
    2022-10-01 46 days 1,663 sqft
    2022-11-01 54 days 1,662 sqft
    2022-12-01 64 days 1,678 sqft
    2023-01-01 60 days 1,712 sqft
    2023-02-01 51 days 1,737 sqft
    2023-03-01 40 days 1,794 sqft
    2023-04-01 36 days 1,824 sqft
    2023-05-01 35 days 1,822 sqft
    2023-06-01 32 days 1,863 sqft
    2023-07-01 33 days 1,857 sqft
    2023-08-01 34 days 1,829 sqft
    2023-09-01 37 days 1,783 sqft
    2023-10-01 37 days 1,827 sqft
    2023-11-01 42 days 1,787 sqft
    2023-12-01 49 days 1,753 sqft
    2024-01-01 47 days 1,805 sqft
    2024-02-01 42 days 1,809 sqft
    2024-03-01 33 days 1,783 sqft
    2024-04-01 33 days 1,835 sqft
    2024-05-01 30 days 1,795 sqft
    2024-06-01 37 days 1,795 sqft
    2024-07-01 39 days 1,781 sqft
    2024-08-01 42 days 1,798 sqft
    2024-09-01 43 days 1,765 sqft
    2024-10-01 48 days 1,743 sqft
    2024-11-01 50 days 1,730 sqft
    2024-12-01 55 days 1,721 sqft
    2025-01-01 60 days 1,732 sqft
    2025-02-01 36 days 1,729 sqft
    2025-03-01 38 days 1,760 sqft
    2025-04-01 37 days 1,771 sqft
    Modesto's median listing age (time on market) for 2025-04-01 was 37 days. This is 12% longer than the same period one year ago.

    Modesto's median square footage for active listings during the 2025-04-01 period was 1,771 sqft. One year prior, the average listing was 1,835 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.