Napa VA Loan Rates, Closing Costs & Stats

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 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.