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 21 lenders originated 58 VA loans during 2022. The total origination value was $38,340,000, with an average VA loan value of $661,034.
Napa VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Napa
averaged
6.53%
for the week of 2023-09-22, compared to the national average (all VA variants) of
6.823% for the same period.
Napa's average VA mortgage closing costs are $8,996.
The average rate for the prior week (2023-09-15) was
6.31% and
one month ago for the week of 2023-08-18, the
average rate was 6.59%.
The average rate one year ago was 5.35%.
For refis of the same type during the week of 2023-09-22, the average rate
was 5.24%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
UNITED WHOLESALE MORTGAGE, LLC | 11 | 3.96% | $19,909 |
Mortgage Research Center, LLC | 7 | 4.57% | $18,527 |
HOME POINT FINANCIAL CORPORATION | 5 | 3.45% | $20,374 |
QUICKEN LOANS, LLC | 5 | 4.50% | $17,921 |
AMERICAN PACIFIC MORTGAGE CORPORATION | 4 | 4.72% | $21,720 |
Flagstar Bank, FSB | 3 | 4.08% | $10,798 |
FREEDOM MORTGAGE CORPORATION | 2 | 3.00% | $10,139 |
LOANDEPOT.COM, LLC | 2 | 3.81% | $17,440 |
South Pacific Financial Corporation | 2 | 3.25% | $19,735 |
PENNYMAC LOAN SERVICES, LLC | 2 | 2.69% | $5,841 |
NAVY FEDERAL CREDIT UNION | 1 | 2.75% | $12,962 |
NEW DAY FINANCIAL, LLC | 1 | 3.75% | $26,984 |
PRIMARY RESIDENTIAL MORTGAGE, INC. | 1 | 4.00% | $13,800 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 4.63% | $7,398 |
S1L, Inc. | 1 | 5.00% | $31,993 |
GENEVA FINANCIAL, LLC | 1 | 5.75% | $0 |
CALIBER HOME LOANS, INC. | 1 | 2.75% | $5,776 |
GUARANTEED RATE AFFINITY, LLC | 1 | 4.98% | $16,363 |
GUILD MORTGAGE COMPANY | 1 | 6.63% | $24,723 |
HOMEBRIDGE FINANCIAL SERVICES, INC. | 1 | 4.88% | $14,831 |
LAKEVIEW LOAN SERVICING, LLC | 1 | 3.25% | $4,674 |
The top Napa VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
11 VA loans originated. Their average total fees are
$19,909, which is $1,382
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Napa VA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($19,909), .
The lowest rate Napa VA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (3.96%), .
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 (5.7%) | 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 | $999,975 (11.7%) | $2,159,162 (10.8%) | 0.00 | 320 |
2018-06-01 | $1,047,000 (18.6%) | $2,174,341 (5.7%) | 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 | $925,000 (0.1%) | $2,043,682 (1.9%) | 0.00 | 409 |
2018-10-01 | $942,000 (6.4%) | $2,121,273 (2.5%) | 0.00 | 409 |
2018-11-01 | $915,375 (7.7%) | $2,018,274 (-1.7%) | 0.00 | 384 |
2018-12-01 | $895,000 (5.3%) | $1,847,420 (-8.0%) | 0.00 | 316 |
2019-01-01 | $857,000 (1.5%) | $1,705,471 (-9.6%) | 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 (2.6%) | $2,208,080 (8.0%) | 0.00 | 478 |
2019-10-01 | $949,000 (0.7%) | $2,251,477 (6.1%) | 0.00 | 477 |
2019-11-01 | $973,000 (6.3%) | $2,406,471 (19.2%) | 0.00 | 414 |
2019-12-01 | $948,944 (6.0%) | $2,368,169 (28.2%) | 0.00 | 312 |
2020-01-01 | $995,000 (16.1%) | $2,287,673 (34.1%) | 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%) | $3,138,336 (48.4%) | 0.00 | 239 |
2021-06-01 | $1,364,750 (25.1%) | $3,105,959 (39.5%) | 0.00 | 276 |
2021-07-01 | $1,295,000 (12.2%) | $3,118,514 (34.8%) | 0.00 | 282 |
2021-08-01 | $1,250,000 (-0.8%) | $3,004,202 (24.7%) | 0.00 | 274 |
2021-09-01 | $1,299,000 (0.2%) | $3,022,437 (12.2%) | 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 (9.8%) | 0.00 | 215 |
2022-06-01 | $1,572,500 (15.2%) | $3,540,751 (14.0%) | 0.00 | 217 |
2022-07-01 | $1,489,500 (15.0%) | $3,357,098 (7.7%) | 0.00 | 246 |
2022-08-01 | $1,497,250 (19.8%) | $3,399,639 (13.2%) | 0.00 | 273 |
2022-09-01 | $1,382,500 (6.4%) | $3,266,821 (8.1%) | 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 | $1,341,525 (-10.0%) | $2,946,809 (-14.2%) | 0.00 | 213 |
2023-01-01 | $1,237,500 (-17.5%) | $2,985,676 (-4.4%) | 0.00 | 173 |
2023-02-01 | $1,396,500 (-6.9%) | $3,016,870 (-3.5%) | 0.00 | 182 |
2023-03-01 | $1,485,500 (-12.4%) | $3,207,923 (-7.9%) | 0.00 | 186 |
2023-04-01 | $1,650,000 (3.2%) | $3,248,354 (-5.0%) | 0.00 | 211 |
2023-05-01 | $1,781,750 (8.5%) | $3,255,503 (-5.6%) | 0.00 | 245 |
2023-06-01 | $1,697,500 (8.0%) | $3,283,085 (-7.3%) | 0.00 | 264 |
2023-07-01 | $1,697,000 (13.9%) | $3,196,750 (-4.8%) | 0.00 | 275 |
2023-08-01 | $1,650,000 (10.2%) | $2,968,384 (-12.7%) | 0.00 | 269 |
Napa's median listing price comes in at 0% of the national average.
Napa's average listing price for 2023-08-01 was $2,968,384, a difference of $-431,255 (-12.7%) versus the prior year and $-228,366 versus the prior month.
For the 2023-08-01 period, Napa had 269 MLS listings, a difference of -6 listings (-2%) versus the prior month and -4 listings (-1%) 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 | 1,933 sqft |
2018-02-01 | 0 days | 1,886 sqft |
2018-03-01 | 0 days | 1,946 sqft |
2018-04-01 | 0 days | 2,058 sqft |
2018-05-01 | 0 days | 2,060 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 | 2,044 sqft |
2018-10-01 | 0 days | 2,065 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 | 2,073 sqft |
2021-01-01 | 0 days | 2,112 sqft |
2021-02-01 | 0 days | 2,018 sqft |
2021-03-01 | 0 days | 2,114 sqft |
2021-04-01 | 0 days | 2,131 sqft |
2021-05-01 | 0 days | 2,042 sqft |
2021-06-01 | 0 days | 2,039 sqft |
2021-07-01 | 0 days | 2,010 sqft |
2021-08-01 | 0 days | 2,099 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 | 2,112 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 | 2,080 sqft |
2022-10-01 | 0 days | 2,034 sqft |
2022-11-01 | 0 days | 2,094 sqft |
2022-12-01 | 0 days | 2,067 sqft |
2023-01-01 | 0 days | 2,071 sqft |
2023-02-01 | 0 days | 2,117 sqft |
2023-03-01 | 0 days | 2,190 sqft |
2023-04-01 | 0 days | 2,276 sqft |
2023-05-01 | 0 days | 2,371 sqft |
2023-06-01 | 0 days | 2,345 sqft |
2023-07-01 | 0 days | 2,354 sqft |
2023-08-01 | 0 days | 2,310 sqft |
Napa's median square footage for active listings during the 2023-08-01 period was 2,310 sqft. One year prior, the average listing was 2,137 sqft.