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 32 lenders originated 68 VA loans during 2024. The total origination value was $22,910,000, with an average VA loan value of $336,912.

    Red Bluff VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Red Bluff averaged 6.65% for the week of 2025-05-09, compared to the national average (all VA variants) of 6.369% for the same period.

    Red Bluff's average VA mortgage closing costs are $6,243.

    The average rate for the prior week (2025-05-02) was 6.67% and one month ago for the week of 2025-04-04, the average rate was 6.32%.

    The average rate one year ago was 7%.

    For refis of the same type during the week of 2025-05-09, the average rate was 6.47%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 9 6.25% $3,916
    QUICKEN LOANS, LLC 8 6.01% $9,112
    FREEDOM MORTGAGE CORPORATION 6 6.10% $7,288
    MOVEMENT MORTGAGE, LLC 4 6.84% $5,633
    NEW DAY FINANCIAL, LLC 4 6.90% $6,294
    Equity Prime Mortgage LLC 3 7.75% $3,627
    GUILD MORTGAGE COMPANY 3 6.63% $11,862
    UNITED WHOLESALE MORTGAGE, LLC 3 6.08% $8,028
    VILLAGE CAPITAL MORTGAGE 2 5.00% $4,343
    LOANPAL, LLC 2 5.00% $8,066
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.13% $11,545
    JPMorgan Chase Bank 1 6.49% $4,157
    USAA Federal Savings Bank 1 6.00% $6,196
    MASON MCDUFFIE MORTGAGE CORPORATION 1 5.63% $22,479
    MEGASTAR FINANCIAL CORP. 1 7.25% $12,072
    MORTGAGEONE, INC. 1 6.75% $0
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $13,601
    CROSSCOUNTRY MORTGAGE, LLC 1 5.25% $8,727
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $7,442
    NATIONS DIRECT MORTGAGE, LLC 1 5.99% $10,722
    NAVY FEDERAL CREDIT UNION 1 5.38% $3,184
    Commerce Home Mortgage, Inc. 1 6.13% $7,224
    NEWREZ LLC 1 4.99% $2,667
    ON Q FINANCIAL, INC. 1 6.63% $840
    PLANET HOME LENDING, LLC 1 5.38% $7,828
    American Mortgage & Equity Consultants, Inc. 1 7.25% $6,013
    CMG MORTGAGE, INC. 1 6.50% $23,493
    Sierra Pacific Mortgage Company, Inc. 1 5.99% $11,520
    SUN WEST MORTGAGE COMPANY, INC. 1 6.25% $14,414
    BROKER SOLUTIONS, INC. 1 6.63% $4,902
    GUARANTEED RATE, INC. 1 6.08% $2,440
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.88% $4,026

    The top Red Bluff VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $3,916, which is $5,196 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 .

    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.