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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.