Napa VA Loans

NAPA, 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 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 5.52% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

    The average rate for the prior week (2022-05-06) was 5.25% and one month ago for the week of 2022-04-08, the average rate was 4.98%.

    The average rate one year ago was 2.99%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.06%.

    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 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. Total Fees
    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 & INVESTMENT LLC 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 $850,000 (-5.0%) $1,884,040 (-1.4%) 0.00 211
    2018-02-01 $844,000 (-6.1%) $1,856,200 (-1.3%) 0.00 201
    2018-03-01 $849,000 (-10.5%) $1,959,286 (-1.0%) 0.00 246
    2018-04-01 $980,000 (10.1%) $2,119,243 (10.5%) 0.00 270
    2018-05-01 $1,012,823 (16.1%) $2,103,374 (15.9%) 0.00 327
    2018-06-01 $1,025,000 (19.3%) $2,116,860 (14.3%) 0.00 374
    2018-07-01 $962,450 (8.1%) $2,060,001 (10.7%) 0.00 403
    2018-08-01 $912,000 (-0.6%) $2,015,713 (0.4%) 0.00 396
    2018-09-01 $925,000 (0.0%) $1,989,215 (-0.7%) 0.00 423
    2018-10-01 $934,500 (5.4%) $2,035,530 (-2.8%) 0.00 426
    2018-11-01 $917,000 (7.9%) $1,998,352 (-4.2%) 0.00 401
    2018-12-01 $895,000 (5.3%) $1,836,634 (-8.6%) 0.00 327
    2019-01-01 $857,000 (0.8%) $1,685,519 (-10.5%) 0.00 293
    2019-02-01 $849,950 (0.7%) $1,647,489 (-11.2%) 0.00 306
    2019-03-01 $879,114 (3.6%) $1,746,748 (-10.9%) 0.00 340
    2019-04-01 $931,500 (-5.0%) $2,011,802 (-5.1%) 0.00 368
    2019-05-01 $997,000 (-1.6%) $2,125,618 (1.1%) 0.00 454
    2019-06-01 $979,000 (-4.5%) $2,107,170 (-0.5%) 0.00 485
    2019-07-01 $948,900 (-1.4%) $2,107,359 (2.3%) 0.00 496
    2019-08-01 $961,571 (5.4%) $2,159,849 (7.2%) 0.00 497
    2019-09-01 $998,000 (7.9%) $2,221,612 (11.7%) 0.00 501
    2019-10-01 $985,000 (5.4%) $2,325,020 (14.2%) 0.00 505
    2019-11-01 $995,000 (8.5%) $2,477,628 (24.0%) 0.00 435
    2019-12-01 $997,000 (11.4%) $2,530,787 (37.8%) 0.00 330
    2020-01-01 $1,069,000 (24.7%) $2,621,214 (55.5%) 0.00 252
    2020-02-01 $1,049,000 (23.4%) $2,467,042 (49.8%) 0.00 293
    2020-03-01 $1,149,500 (30.8%) $2,515,596 (44.0%) 0.00 345
    2020-04-01 $999,999 (7.4%) $2,423,728 (20.5%) 0.00 316
    2020-05-01 $999,000 (0.2%) $2,277,219 (7.1%) 0.00 409
    2020-06-01 $1,125,000 (14.9%) $2,409,168 (14.3%) 0.00 393
    2020-07-01 $1,197,500 (26.2%) $2,521,540 (19.7%) 0.00 382
    2020-08-01 $1,350,000 (40.4%) $2,738,649 (26.8%) 0.00 326
    2020-09-01 $1,372,500 (37.5%) $3,030,996 (36.4%) 0.00 322
    2020-10-01 $1,300,000 (32.0%) $2,852,962 (22.7%) 0.00 316
    2020-11-01 $1,317,500 (32.4%) $2,964,859 (19.7%) 0.00 309
    2020-12-01 $1,347,950 (35.2%) $3,055,303 (20.7%) 0.00 246
    2021-01-01 $1,295,000 (21.1%) $3,028,902 (15.6%) 0.00 223
    2021-02-01 $1,324,500 (26.3%) $3,181,085 (28.9%) 0.00 211
    2021-03-01 $1,382,000 (20.2%) $2,905,489 (15.5%) 0.00 216
    2021-04-01 $1,382,000 (38.2%) $2,996,678 (23.6%) 0.00 222
    2021-05-01 $1,398,000 (39.9%) $3,148,026 (38.2%) 0.00 237
    2021-06-01 $1,375,000 (22.2%) $3,222,837 (33.8%) 0.00 277
    2021-07-01 $1,297,500 (8.4%) $3,248,446 (28.8%) 0.00 274
    2021-08-01 $1,295,000 (-4.1%) $3,230,076 (17.9%) 0.00 275
    2021-09-01 $1,395,000 (1.6%) $3,214,875 (6.1%) 0.00 278
    2021-10-01 $1,295,000 (-0.4%) $3,146,821 (10.3%) 0.00 275
    2021-11-01 $1,442,500 (9.5%) $3,595,586 (21.3%) 0.00 211
    2021-12-01 $1,547,000 (14.8%) $3,736,325 (22.3%) 0.00 165
    2022-01-01 $1,500,000 (15.8%) $3,464,458 (14.4%) 0.00 130
    2022-02-01 $1,499,500 (13.2%) $3,456,061 (8.6%) 0.00 146
    2022-03-01 $1,699,500 (23.0%) $3,781,189 (30.1%) 0.00 171
    2022-04-01 $1,695,000 (22.7%) $3,679,928 (22.8%) 0.00 200
    Napa's median listing price for 2022-04-01 was $1,695,000, a difference of $313,000 (22.7%) versus the prior year and $-4,500 versus the prior month.

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

    Napa's average listing price for 2022-04-01 was $3,679,928, a difference of $683,250 (22.8%) versus the prior year and $-101,261 versus the prior month.

    For the 2022-04-01 period, Napa had 200 MLS listings, a difference of 29 listings (17%) versus the prior month and -22 listings (-10%) 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 1,907 sqft
    2018-02-01 0 days 1,878 sqft
    2018-03-01 0 days 1,905 sqft
    2018-04-01 0 days 2,030 sqft
    2018-05-01 0 days 2,052 sqft
    2018-06-01 0 days 2,087 sqft
    2018-07-01 0 days 2,039 sqft
    2018-08-01 0 days 2,005 sqft
    2018-09-01 0 days 2,051 sqft
    2018-10-01 0 days 2,056 sqft
    2018-11-01 0 days 1,966 sqft
    2018-12-01 0 days 1,956 sqft
    2019-01-01 0 days 1,899 sqft
    2019-02-01 0 days 1,907 sqft
    2019-03-01 0 days 1,952 sqft
    2019-04-01 0 days 2,045 sqft
    2019-05-01 0 days 2,099 sqft
    2019-06-01 0 days 2,037 sqft
    2019-07-01 0 days 1,996 sqft
    2019-08-01 0 days 1,984 sqft
    2019-09-01 0 days 1,976 sqft
    2019-10-01 0 days 1,962 sqft
    2019-11-01 0 days 2,024 sqft
    2019-12-01 0 days 2,064 sqft
    2020-01-01 0 days 2,144 sqft
    2020-02-01 0 days 2,077 sqft
    2020-03-01 0 days 2,115 sqft
    2020-04-01 0 days 2,086 sqft
    2020-05-01 0 days 2,000 sqft
    2020-06-01 0 days 2,106 sqft
    2020-07-01 0 days 2,116 sqft
    2020-08-01 0 days 2,241 sqft
    2020-09-01 0 days 2,231 sqft
    2020-10-01 0 days 2,160 sqft
    2020-11-01 0 days 2,188 sqft
    2020-12-01 0 days 2,117 sqft
    2021-01-01 0 days 2,128 sqft
    2021-02-01 0 days 2,112 sqft
    2021-03-01 0 days 2,121 sqft
    2021-04-01 0 days 2,193 sqft
    2021-05-01 0 days 2,128 sqft
    2021-06-01 0 days 2,066 sqft
    2021-07-01 0 days 2,063 sqft
    2021-08-01 0 days 2,128 sqft
    2021-09-01 0 days 2,171 sqft
    2021-10-01 0 days 2,128 sqft
    2021-11-01 0 days 2,152 sqft
    2021-12-01 0 days 2,177 sqft
    2022-01-01 0 days 2,232 sqft
    2022-02-01 0 days 2,142 sqft
    2022-03-01 0 days 2,269 sqft
    2022-04-01 0 days 2,200 sqft
    Napa's median listing age (time on market) for 2022-04-01 was 0 days.

    Napa's median square footage for active listings during the 2022-04-01 period was 2,200 sqft. One year prior, the average listing was 2,193 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.