Napa VA Loan Rates, Closing Costs & Stats

NAPA, 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.

Napa's 58 lenders originated 259 VA loans during 2021. The total origination value was $145,355,000, with an average VA loan value of $561,216.

Napa VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Napa averaged 6.32% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

Napa's average VA mortgage closing costs are $8,439.

The average rate for the prior week (2023-01-20) was 6.15% and one month ago for the week of 2022-12-23, the average rate was 6.22%.

The average rate one year ago was 3.62%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.85%.

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

Napa 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 Napa level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
FREEDOM MORTGAGE CORPORATION 30 2.31% $5,127
QUICKEN LOANS, LLC 28 2.33% $6,074
UNITED WHOLESALE MORTGAGE, LLC 17 2.48% $6,619
PENNYMAC LOAN SERVICES, LLC 14 2.21% $8,498
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 2.76% $11,929
CALIBER HOME LOANS, INC. 8 2.33% $9,269
LAKEVIEW LOAN SERVICING, LLC 7 2.36% $1,550
Mortgage Research Center, LLC 7 2.80% $9,006
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 2.43% $5,547
LOANDEPOT.COM, LLC 6 2.29% $7,840
The Federal Savings Bank 6 2.50% $9,806
AMERICAN PACIFIC MORTGAGE CORPORATION 6 2.54% $9,129
Flagstar Bank, FSB 5 2.67% $18,819
CROSSCOUNTRY MORTGAGE, LLC 5 2.88% $15,310
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 2.35% $13,989
CLEARPATH LENDING 4 2.38% $7,380
NEW DAY FINANCIAL, LLC 4 2.53% $14,539
Wells Fargo Bank 4 2.75% $4,135
NAVY FEDERAL CREDIT UNION 4 2.38% $4,383
AMERICAN FINANCIAL NETWORK, INC. 4 2.72% $27,500
Mr. Cooper ( Nationstar Mortgage ) 3 2.50% $7,073
North American Savings Bank, F.S.B. 3 2.58% $7,229
MUTUAL OF OMAHA MORTGAGE, INC. 3 2.33% $4,456
HOME POINT FINANCIAL CORPORATION 3 2.29% $10,510
GUARANTEED RATE, INC. 3 2.54% $1,717
Commerce Home Mortgage, Inc. 3 2.75% $9,791
BROKER SOLUTIONS, INC. 2 2.25% $17,143
FINANCE OF AMERICA MORTGAGE LLC 2 2.75% $10,668
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.75% $6,096
SUMMIT FUNDING, INC. 2 2.25% $9,801
USAA Federal Savings Bank 2 2.75% $6,078
VILLAGE CAPITAL MORTGAGE 2 1.75% $8,346
Wyndham Capital Mortgage, Inc. 1 2.38% $1,745
Barrington Bank & Trust Company, N.A. 1 2.75% $25,288
BAY EQUITY LLC 1 2.63% $3,009
Century Mortgage Company DBA Century Lending Company 1 2.63% $2,982
DATA MORTGAGE, INC. 1 3.00% $20,610
EMM LOANS LLC 1 2.88% $22,085
ENVOY MORTGAGE, LTD 1 2.88% $26,427
GUILD MORTGAGE COMPANY 1 3.13% $4,465
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.00% $1,547
HomePromise Corporation 1 3.13% $18,714
InterContinental Capital Group, Inc 1 2.25% $2,450
LENDUS, LLC 1 2.50% $6,588
LOANPAL, LLC 1 2.75% $2,699
MOVEMENT MORTGAGE, LLC 1 2.88% $19,575
Nations Lending Corporation 1 3.25% $28,668
NBKC BANK 1 2.25% $962
NEWREZ LLC 1 2.50% $3,178
ON Q FINANCIAL, INC. 1 5.25% $15,318
PLANET HOME LENDING, LLC 1 2.25% $5,237
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.38% $3,734
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $16,028
Sierra Pacific Mortgage Company, Inc. 1 2.75% $3,869
South Pacific Financial Corporation 1 2.75% $20,482
TRAVIS CREDIT UNION 1 3.00% $8,718
U.S. Bank 1 2.38% $28,294
Watermark Capital, Inc. 1 2.63% $3,279

The top Napa VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 30 VA loans originated. Their average total fees are $5,127, which is $947 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Napa VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($5,127), QUICKEN LOANS, LLC ($6,074), UNITED WHOLESALE MORTGAGE, LLC ($6,619), PENNYMAC LOAN SERVICES, LLC ($8,498) and .

The lowest rate Napa VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.21%), FREEDOM MORTGAGE CORPORATION (2.31%), QUICKEN LOANS, LLC (2.33%), UNITED WHOLESALE MORTGAGE, LLC (2.48%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Napa (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 $844,000 (-6.0%) $1,886,352 (6.0%) 0.00 200
2018-02-01 $849,500 (-6.9%) $1,913,916 (5.4%) 0.00 191
2018-03-01 $850,000 (-10.1%) $1,991,263 (3.0%) 0.00 236
2018-04-01 $990,162 (10.6%) $2,127,186 (7.5%) 0.00 262
2018-05-01 $999,987 (11.7%) $2,159,162 (10.8%) 0.00 320
2018-06-01 $1,047,000 (18.6%) $2,174,341 (5.6%) 0.00 364
2018-07-01 $975,000 (8.5%) $2,129,334 (2.7%) 0.00 387
2018-08-01 $912,250 (0.0%) $2,076,468 (8.5%) 0.00 380
2018-09-01 $927,450 (1.7%) $2,046,918 (2.0%) 0.00 409
2018-10-01 $942,000 (6.4%) $2,121,273 (2.5%) 0.00 409
2018-11-01 $914,850 (7.6%) $2,017,546 (-1.7%) 0.00 384
2018-12-01 $895,000 (5.3%) $1,847,420 (-8.0%) 0.00 316
2019-01-01 $858,125 (1.7%) $1,707,519 (-9.5%) 0.00 283
2019-02-01 $849,713 (0.0%) $1,667,051 (-12.9%) 0.00 293
2019-03-01 $883,186 (3.9%) $1,788,017 (-10.2%) 0.00 332
2019-04-01 $944,750 (-4.6%) $2,109,283 (-0.8%) 0.00 363
2019-05-01 $1,022,500 (2.3%) $2,216,608 (2.7%) 0.00 439
2019-06-01 $998,250 (-4.7%) $2,239,144 (3.0%) 0.00 465
2019-07-01 $970,000 (-0.5%) $2,169,653 (1.9%) 0.00 475
2019-08-01 $949,000 (4.0%) $2,182,085 (5.1%) 0.00 475
2019-09-01 $949,000 (2.3%) $2,208,080 (7.9%) 0.00 478
2019-10-01 $949,000 (0.7%) $2,251,477 (6.1%) 0.00 477
2019-11-01 $973,000 (6.4%) $2,406,471 (19.3%) 0.00 414
2019-12-01 $948,944 (6.0%) $2,368,169 (28.2%) 0.00 312
2020-01-01 $995,000 (16.0%) $2,287,673 (34.0%) 0.00 243
2020-02-01 $995,000 (17.1%) $2,234,091 (34.0%) 0.00 284
2020-03-01 $1,066,750 (20.8%) $2,279,116 (27.5%) 0.00 333
2020-04-01 $987,000 (4.5%) $2,181,249 (3.4%) 0.00 301
2020-05-01 $989,900 (-3.2%) $2,114,283 (-4.6%) 0.00 392
2020-06-01 $1,091,250 (9.3%) $2,227,204 (-0.5%) 0.00 382
2020-07-01 $1,153,750 (18.9%) $2,313,455 (6.6%) 0.00 376
2020-08-01 $1,260,000 (32.8%) $2,409,199 (10.4%) 0.00 322
2020-09-01 $1,296,000 (36.6%) $2,693,072 (22.0%) 0.00 310
2020-10-01 $1,300,000 (37.0%) $2,620,806 (16.4%) 0.00 306
2020-11-01 $1,323,500 (36.0%) $2,795,898 (16.2%) 0.00 298
2020-12-01 $1,347,250 (42.0%) $2,771,920 (17.1%) 0.00 238
2021-01-01 $1,295,000 (30.2%) $2,704,442 (18.2%) 0.00 218
2021-02-01 $1,296,250 (30.3%) $2,912,672 (30.4%) 0.00 213
2021-03-01 $1,359,750 (27.5%) $2,902,895 (27.4%) 0.00 220
2021-04-01 $1,310,000 (32.7%) $2,956,612 (35.6%) 0.00 226
2021-05-01 $1,395,000 (40.9%) $3,147,129 (48.9%) 0.00 239
2021-06-01 $1,364,750 (25.1%) $3,112,868 (39.8%) 0.00 276
2021-07-01 $1,295,000 (12.2%) $3,120,183 (34.9%) 0.00 282
2021-08-01 $1,262,500 (0.2%) $3,016,465 (25.2%) 0.00 273
2021-09-01 $1,305,750 (0.8%) $3,025,174 (12.3%) 0.00 272
2021-10-01 $1,250,000 (-3.9%) $2,973,927 (13.5%) 0.00 269
2021-11-01 $1,342,000 (1.4%) $3,342,329 (19.5%) 0.00 207
2021-12-01 $1,490,000 (10.6%) $3,434,267 (23.9%) 0.00 158
2022-01-01 $1,499,500 (15.8%) $3,122,800 (15.5%) 0.00 129
2022-02-01 $1,499,250 (15.7%) $3,124,545 (7.3%) 0.00 144
2022-03-01 $1,695,500 (24.7%) $3,483,337 (20.0%) 0.00 168
2022-04-01 $1,599,000 (22.1%) $3,420,415 (15.7%) 0.00 194
2022-05-01 $1,642,000 (17.7%) $3,447,090 (9.5%) 0.00 215
2022-06-01 $1,572,500 (15.2%) $3,540,751 (13.8%) 0.00 217
2022-07-01 $1,489,500 (15.0%) $3,357,098 (7.6%) 0.00 246
2022-08-01 $1,499,500 (18.8%) $3,399,639 (12.7%) 0.00 273
2022-09-01 $1,382,500 (5.9%) $3,266,821 (8.0%) 0.00 285
2022-10-01 $1,345,000 (7.6%) $3,277,188 (10.2%) 0.00 293
2022-11-01 $1,395,000 (4.0%) $3,104,419 (-7.1%) 0.00 272
2022-12-01 $1,250,000 (-16.1%) $2,907,855 (-15.3%) 0.00 219
Napa's median listing price for 2022-12-01 was $1,250,000, a difference of $-240,000 (-16.1%) versus the prior year and $-145,000 versus the prior month.

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

Napa's average listing price for 2022-12-01 was $2,907,855, a difference of $-526,412 (-15.3%) versus the prior year and $-196,564 versus the prior month.

For the 2022-12-01 period, Napa had 219 MLS listings, a difference of -53 listings (-19%) versus the prior month and 61 listings (39%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Napa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,934 sqft
2018-02-01 0 days 1,895 sqft
2018-03-01 0 days 1,950 sqft
2018-04-01 0 days 2,058 sqft
2018-05-01 0 days 2,058 sqft
2018-06-01 0 days 2,104 sqft
2018-07-01 0 days 2,034 sqft
2018-08-01 0 days 2,016 sqft
2018-09-01 0 days 2,048 sqft
2018-10-01 0 days 2,063 sqft
2018-11-01 0 days 1,967 sqft
2018-12-01 0 days 1,949 sqft
2019-01-01 0 days 1,897 sqft
2019-02-01 0 days 1,901 sqft
2019-03-01 0 days 1,970 sqft
2019-04-01 0 days 2,095 sqft
2019-05-01 0 days 2,126 sqft
2019-06-01 0 days 2,116 sqft
2019-07-01 0 days 2,016 sqft
2019-08-01 0 days 1,990 sqft
2019-09-01 0 days 1,977 sqft
2019-10-01 0 days 1,962 sqft
2019-11-01 0 days 2,024 sqft
2019-12-01 0 days 2,034 sqft
2020-01-01 0 days 2,088 sqft
2020-02-01 0 days 2,054 sqft
2020-03-01 0 days 2,074 sqft
2020-04-01 0 days 2,047 sqft
2020-05-01 0 days 2,000 sqft
2020-06-01 0 days 2,088 sqft
2020-07-01 0 days 2,115 sqft
2020-08-01 0 days 2,159 sqft
2020-09-01 0 days 2,168 sqft
2020-10-01 0 days 2,138 sqft
2020-11-01 0 days 2,176 sqft
2020-12-01 0 days 2,072 sqft
2021-01-01 0 days 2,112 sqft
2021-02-01 0 days 2,049 sqft
2021-03-01 0 days 2,114 sqft
2021-04-01 0 days 2,131 sqft
2021-05-01 0 days 2,048 sqft
2021-06-01 0 days 2,039 sqft
2021-07-01 0 days 2,029 sqft
2021-08-01 0 days 2,115 sqft
2021-09-01 0 days 2,146 sqft
2021-10-01 0 days 2,036 sqft
2021-11-01 0 days 2,126 sqft
2021-12-01 0 days 2,085 sqft
2022-01-01 0 days 2,055 sqft
2022-02-01 0 days 2,110 sqft
2022-03-01 0 days 2,224 sqft
2022-04-01 0 days 2,166 sqft
2022-05-01 0 days 2,141 sqft
2022-06-01 0 days 2,099 sqft
2022-07-01 0 days 2,068 sqft
2022-08-01 0 days 2,137 sqft
2022-09-01 0 days 2,079 sqft
2022-10-01 0 days 2,034 sqft
2022-11-01 0 days 2,094 sqft
2022-12-01 0 days 2,080 sqft
Napa's median listing age (time on market) for 2022-12-01 was 0 days.

Napa's median square footage for active listings during the 2022-12-01 period was 2,080 sqft. One year prior, the average listing was 2,085 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.