Napa VA Loans

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 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.