Red Bluff VA Loan Rates, Closing Costs & Stats

Red Bluff, 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.

    Red Bluff's 28 lenders originated 57 VA loans during 2023. The total origination value was $18,925,000, with an average VA loan value of $332,018.

    Red Bluff VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Red Bluff averaged 0.06% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Red Bluff's average VA mortgage closing costs are $6,162.

    The average rate for the prior week (2024-11-08) was 6.66% and one month ago for the week of 2024-10-11, the average rate was 6.13%.

    The average rate one year ago was 7.52%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Red Bluff 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 Red Bluff level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 8 6.16% $7,085
    QUICKEN LOANS, LLC 4 6.06% $11,508
    UNITED WHOLESALE MORTGAGE, LLC 4 5.87% $9,927
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.29% $18,694
    GUILD MORTGAGE COMPANY 3 6.71% $10,553
    LOANDEPOT.COM, LLC 2 5.50% $9,312
    INFINITY EQUITY GROUP, INC. 2 7.44% $3,983
    MORTGAGEONE, INC. 2 7.19% $5,745
    MOVEMENT MORTGAGE, LLC 2 5.94% $12,145
    NEW DAY FINANCIAL, LLC 2 7.25% $14,507
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $19,785
    NEWREZ LLC 1 5.25% $4,620
    ON Q FINANCIAL, INC. 1 6.25% $13,060
    Plains Commerce Bank 1 6.63% $19,503
    PLANET HOME LENDING, LLC 1 5.38% $6,459
    SUMMIT FUNDING, INC. 1 5.99% $1,312
    The Federal Savings Bank 1 6.00% $10,450
    American Mortgage & Equity Consultants, Inc. 1 7.00% $13,603
    VILLAGE CAPITAL MORTGAGE 1 5.75% $4,833
    AMERISAVE MORTGAGE CORPORATION 1 5.13% $2,387
    Barrington Bank & Trust Company, N.A. 1 5.75% $4,335
    CALIBER HOME LOANS, INC. 1 6.25% $7,218
    CARDINAL FINANCIAL 1 5.25% $20,533
    Cornerstone First Mortgage, Inc 1 6.25% $6,016
    FREEDOM MORTGAGE CORPORATION 1 6.75% $16,066
    LOANPAL, LLC 1 6.50% $388
    Magnolia Bank 1 6.13% $10,528
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $13,651

    The top Red Bluff VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $7,085, which is $4,423 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Red Bluff VA lenders (with over 10 loans originated) are .

    The lowest rate Red Bluff VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Red Bluff (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 $267,500 (5.5%) $383,424 (7.7%) 0.00 217
    2018-02-01 $281,213 (7.5%) $393,798 (9.6%) 0.00 218
    2018-03-01 $292,450 (8.3%) $377,067 (3.9%) 0.00 235
    2018-04-01 $289,225 (8.7%) $390,564 (6.7%) 0.00 275
    2018-05-01 $290,125 (7.9%) $388,245 (4.9%) 0.00 271
    2018-06-01 $299,000 (13.0%) $431,330 (19.9%) 0.00 270
    2018-07-01 $294,250 (13.2%) $416,426 (19.0%) 0.00 304
    2018-08-01 $289,375 (12.4%) $397,951 (15.3%) 0.00 330
    2018-09-01 $290,750 (14.1%) $389,974 (12.5%) 0.00 325
    2018-10-01 $289,250 (5.2%) $383,996 (7.3%) 0.00 330
    2018-11-01 $289,000 (3.2%) $376,688 (2.4%) 0.00 308
    2018-12-01 $299,000 (6.8%) $388,936 (2.6%) 0.00 253
    2019-01-01 $319,500 (19.4%) $392,419 (2.4%) 0.00 227
    2019-02-01 $319,000 (13.4%) $386,482 (-1.9%) 0.00 224
    2019-03-01 $321,000 (9.8%) $396,354 (5.1%) 0.00 214
    2019-04-01 $329,250 (13.8%) $405,945 (3.9%) 0.00 212
    2019-05-01 $331,225 (14.2%) $407,695 (5.0%) 0.00 232
    2019-06-01 $325,000 (8.7%) $415,476 (-3.7%) 0.00 245
    2019-07-01 $339,700 (15.5%) $431,173 (3.5%) 0.00 267
    2019-08-01 $337,782 (16.7%) $445,486 (11.9%) 0.00 275
    2019-09-01 $334,530 (15.1%) $442,620 (13.5%) 0.00 277
    2019-10-01 $333,861 (15.4%) $440,709 (14.8%) 0.00 277
    2019-11-01 $339,000 (17.3%) $421,308 (11.9%) 0.00 254
    2019-12-01 $335,475 (12.2%) $421,223 (8.3%) 0.00 238
    2020-01-01 $319,975 (0.2%) $423,035 (7.8%) 0.00 223
    2020-02-01 $299,900 (-6.0%) $395,388 (2.3%) 0.00 223
    2020-03-01 $307,000 (-4.4%) $399,487 (0.8%) 0.00 235
    2020-04-01 $307,450 (-6.6%) $405,177 (-0.2%) 0.00 220
    2020-05-01 $321,900 (-2.8%) $416,437 (2.1%) 0.00 189
    2020-06-01 $342,250 (5.3%) $433,857 (4.4%) 0.00 170
    2020-07-01 $357,225 (5.2%) $439,132 (1.9%) 0.00 142
    2020-08-01 $379,900 (12.5%) $454,040 (1.9%) 0.00 141
    2020-09-01 $380,000 (13.6%) $464,482 (4.9%) 0.00 155
    2020-10-01 $379,500 (13.7%) $482,919 (9.6%) 0.00 161
    2020-11-01 $394,450 (16.4%) $485,477 (15.2%) 0.00 156
    2020-12-01 $363,750 (8.4%) $466,937 (10.9%) 0.00 154
    2021-01-01 $396,250 (23.8%) $491,196 (16.1%) 0.00 134
    2021-02-01 $414,563 (38.2%) $518,918 (31.2%) 0.00 108
    2021-03-01 $438,000 (42.7%) $539,191 (35.0%) 0.00 95
    2021-04-01 $416,975 (35.6%) $525,307 (29.7%) 0.00 114
    2021-05-01 $399,000 (24.0%) $555,667 (33.4%) 0.00 117
    2021-06-01 $422,250 (23.4%) $563,285 (29.8%) 0.00 104
    2021-07-01 $444,000 (24.3%) $731,927 (66.7%) 0.00 114
    2021-08-01 $399,675 (5.2%) $661,377 (45.7%) 0.00 128
    2021-09-01 $386,225 (1.6%) $637,906 (37.3%) 0.00 145
    2021-10-01 $399,450 (5.3%) $658,957 (36.5%) 0.00 144
    2021-11-01 $383,000 (-2.9%) $638,791 (31.6%) 0.00 146
    2021-12-01 $399,000 (9.7%) $640,934 (37.3%) 0.00 129
    2022-01-01 $399,900 (0.9%) $645,799 (31.5%) 0.00 119
    2022-02-01 $374,725 (-9.6%) $642,175 (23.8%) 0.00 116
    2022-03-01 $399,700 (-8.7%) $639,952 (18.7%) 0.00 119
    2022-04-01 $399,000 (-4.3%) $508,912 (-3.1%) 0.00 134
    2022-05-01 $425,000 (6.5%) $570,167 (2.6%) 0.00 170
    2022-06-01 $447,500 (6.0%) $570,215 (1.2%) 0.00 190
    2022-07-01 $437,000 (-1.6%) $551,077 (-24.7%) 0.00 208
    2022-08-01 $427,450 (7.0%) $524,530 (-20.7%) 0.00 231
    2022-09-01 $410,250 (6.2%) $512,445 (-19.7%) 0.00 235
    2022-10-01 $410,000 (2.6%) $507,950 (-22.9%) 0.00 243
    2022-11-01 $401,975 (5.0%) $507,729 (-20.5%) 0.00 238
    2022-12-01 $399,000 (0.0%) $521,954 (-18.6%) 0.00 219
    2023-01-01 $399,425 (-0.1%) $516,177 (-20.1%) 0.00 190
    2023-02-01 $399,125 (6.5%) $507,049 (-21.0%) 0.00 183
    2023-03-01 $399,425 (-0.1%) $527,358 (-17.6%) 0.00 164
    2023-04-01 $415,000 (4.0%) $547,023 (7.5%) 0.00 161
    2023-05-01 $413,500 (-2.7%) $548,725 (-3.8%) 0.00 168
    2023-06-01 $419,250 (-6.3%) $571,240 (0.2%) 0.00 179
    2023-07-01 $399,000 (-8.7%) $557,038 (1.1%) 0.00 178
    2023-08-01 $395,750 (-7.4%) $541,382 (3.2%) 0.00 189
    2023-09-01 $399,000 (-2.7%) $525,596 (2.6%) 0.00 198
    2023-10-01 $397,500 (-3.1%) $533,240 (5.0%) 0.00 181
    2023-11-01 $390,750 (-2.8%) $530,945 (4.6%) 0.00 192
    2023-12-01 $389,000 (-2.5%) $539,609 (3.4%) 0.00 158
    2024-01-01 $384,000 (-3.9%) $526,283 (2.0%) 0.00 151
    2024-02-01 $394,500 (-1.2%) $521,457 (2.8%) 0.00 148
    2024-03-01 $419,000 (4.9%) $535,793 (1.6%) 0.00 150
    2024-04-01 $421,700 (1.6%) $535,505 (-2.1%) 0.00 178
    2024-05-01 $426,000 (3.0%) $522,334 (-4.8%) 0.00 203
    2024-06-01 $447,000 (6.6%) $528,665 (-7.5%) 0.00 227
    2024-07-01 $432,000 (8.3%) $518,508 (-6.9%) 0.00 233
    2024-08-01 $417,000 (5.4%) $506,097 (-6.5%) 0.00 235
    2024-09-01 $422,500 (5.9%) $504,363 (-4.0%) 0.00 237
    2024-10-01 $420,000 (5.7%) $507,897 (-4.8%) 0.00 240
    Red Bluff's median listing price for 2024-10-01 was $420,000, a difference of $22,500 (5.7%) versus the prior year and $-2,500 versus the prior month.

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

    Red Bluff's average listing price for 2024-10-01 was $507,897, a difference of $-25,343 (-4.8%) versus the prior year and $3,534 versus the prior month.

    For the 2024-10-01 period, Red Bluff had 240 MLS listings, a difference of 3 listings (1%) versus the prior month and 59 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Red Bluff (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,748 sqft
    2018-02-01 0 days 1,719 sqft
    2018-03-01 0 days 1,725 sqft
    2018-04-01 0 days 1,722 sqft
    2018-05-01 0 days 1,721 sqft
    2018-06-01 0 days 1,741 sqft
    2018-07-01 0 days 1,751 sqft
    2018-08-01 0 days 1,726 sqft
    2018-09-01 0 days 1,708 sqft
    2018-10-01 0 days 1,703 sqft
    2018-11-01 0 days 1,700 sqft
    2018-12-01 0 days 1,700 sqft
    2019-01-01 0 days 1,717 sqft
    2019-02-01 0 days 1,700 sqft
    2019-03-01 0 days 1,659 sqft
    2019-04-01 0 days 1,656 sqft
    2019-05-01 0 days 1,693 sqft
    2019-06-01 0 days 1,712 sqft
    2019-07-01 0 days 1,703 sqft
    2019-08-01 0 days 1,700 sqft
    2019-09-01 0 days 1,684 sqft
    2019-10-01 0 days 1,674 sqft
    2019-11-01 0 days 1,686 sqft
    2019-12-01 0 days 1,682 sqft
    2020-01-01 0 days 1,657 sqft
    2020-02-01 0 days 1,600 sqft
    2020-03-01 0 days 1,628 sqft
    2020-04-01 0 days 1,660 sqft
    2020-05-01 0 days 1,700 sqft
    2020-06-01 0 days 1,744 sqft
    2020-07-01 0 days 1,766 sqft
    2020-08-01 0 days 1,800 sqft
    2020-09-01 0 days 1,810 sqft
    2020-10-01 0 days 1,753 sqft
    2020-11-01 0 days 1,793 sqft
    2020-12-01 0 days 1,669 sqft
    2021-01-01 0 days 1,726 sqft
    2021-02-01 0 days 1,800 sqft
    2021-03-01 0 days 1,805 sqft
    2021-04-01 0 days 1,762 sqft
    2021-05-01 0 days 1,758 sqft
    2021-06-01 0 days 1,719 sqft
    2021-07-01 0 days 1,680 sqft
    2021-08-01 0 days 1,637 sqft
    2021-09-01 0 days 1,664 sqft
    2021-10-01 0 days 1,727 sqft
    2021-11-01 0 days 1,635 sqft
    2021-12-01 0 days 1,614 sqft
    2022-01-01 0 days 1,618 sqft
    2022-02-01 0 days 1,614 sqft
    2022-03-01 0 days 1,671 sqft
    2022-04-01 0 days 1,680 sqft
    2022-05-01 0 days 1,761 sqft
    2022-06-01 0 days 1,789 sqft
    2022-07-01 0 days 1,724 sqft
    2022-08-01 0 days 1,703 sqft
    2022-09-01 0 days 1,679 sqft
    2022-10-01 0 days 1,682 sqft
    2022-11-01 0 days 1,706 sqft
    2022-12-01 0 days 1,697 sqft
    2023-01-01 0 days 1,697 sqft
    2023-02-01 0 days 1,708 sqft
    2023-03-01 0 days 1,748 sqft
    2023-04-01 0 days 1,768 sqft
    2023-05-01 0 days 1,765 sqft
    2023-06-01 0 days 1,724 sqft
    2023-07-01 0 days 1,684 sqft
    2023-08-01 0 days 1,649 sqft
    2023-09-01 0 days 1,650 sqft
    2023-10-01 0 days 1,660 sqft
    2023-11-01 0 days 1,637 sqft
    2023-12-01 0 days 1,682 sqft
    2024-01-01 0 days 1,615 sqft
    2024-02-01 0 days 1,644 sqft
    2024-03-01 0 days 1,701 sqft
    2024-04-01 0 days 1,715 sqft
    2024-05-01 0 days 1,734 sqft
    2024-06-01 0 days 1,822 sqft
    2024-07-01 0 days 1,777 sqft
    2024-08-01 0 days 1,748 sqft
    2024-09-01 0 days 1,694 sqft
    2024-10-01 0 days 1,687 sqft
    Red Bluff's median listing age (time on market) for 2024-10-01 was 0 days.

    Red Bluff's median square footage for active listings during the 2024-10-01 period was 1,687 sqft. One year prior, the average listing was 1,660 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.