Redding VA Loan Rates, Closing Costs & Stats

REDDING, 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.

    Redding's 45 lenders originated 300 VA loans during 2024. The total origination value was $110,830,000, with an average VA loan value of $369,433.

    Redding VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Redding averaged 6.56% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Redding's average VA mortgage closing costs are $6,292.

    The average rate for the prior week (2025-03-28) was 6.58% and one month ago for the week of 2025-02-28, the average rate was 6.56%.

    The average rate one year ago was 6.97%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.13%.

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

    Redding 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 Redding level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 42 6.36% $4,624
    UNITED WHOLESALE MORTGAGE, LLC 31 5.94% $6,970
    QUICKEN LOANS, LLC 16 5.98% $9,159
    DHI MORTGAGE COMPANY, LTD. 14 5.26% $6,875
    FREEDOM MORTGAGE CORPORATION 13 6.06% $6,693
    MOVEMENT MORTGAGE, LLC 12 6.58% $9,232
    MORTGAGEONE, INC. 12 6.45% $10,474
    INFINITY EQUITY GROUP, INC. 11 6.52% $3,737
    AMERICAN PACIFIC MORTGAGE CORPORATION 10 6.85% $10,917
    VILLAGE CAPITAL MORTGAGE 10 5.50% $5,665
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.39% $6,765
    PENNYMAC LOAN SERVICES, LLC 8 6.22% $8,342
    Home Mortgage Alliance Corp 8 6.86% $13,897
    CROSSCOUNTRY MORTGAGE, LLC 6 6.47% $4,484
    ON Q FINANCIAL, INC. 6 6.56% $5,332
    The Loan Store, Inc. 6 6.35% $12,764
    LAKEVIEW LOAN SERVICING, LLC 5 5.73% $6,099
    USAA Federal Savings Bank 5 6.25% $10,547
    LOANDEPOT.COM, LLC 5 5.20% $11,217
    NEWREZ LLC 4 5.50% $7,457
    Commerce Home Mortgage, Inc. 4 6.88% $10,099
    Equity Prime Mortgage LLC 4 6.66% $9,495
    GUILD MORTGAGE COMPANY 4 6.34% $8,638
    NAVY FEDERAL CREDIT UNION 3 6.00% $5,801
    Paramount Residential Mortgage Group, Inc. 3 6.46% $11,596
    PLANET HOME LENDING, LLC 3 5.62% $2,670
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.08% $12,932
    CLEARPATH LENDING 2 5.87% $11,415
    NBKC BANK 2 5.49% $1,176
    NEW DAY FINANCIAL, LLC 2 7.81% $18,100
    SUN WEST MORTGAGE COMPANY, INC. 2 5.56% $3,946
    Watermark Capital, Inc. 2 6.38% $4,882
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $16,890
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.99% $7,768
    Cornerstone First Mortgage, Inc 1 6.13% $2,627
    GUARANTEED RATE, INC. 1 6.75% $2,637
    S1L, Inc. 1 6.13% $4,906
    Magnolia Bank 1 5.00% $9,223
    Texana Bank 1 5.75% $18,713
    JPMorgan Chase Bank 1 5.63% $4,019
    UNION HOME MORTGAGE CORP. 1 7.13% $3,437
    CMG MORTGAGE, INC. 1 6.38% $5,471
    MEGASTAR FINANCIAL CORP. 1 6.63% $11,216
    NETWORK CAPITAL FUNDING CORPORATION 1 6.63% $21,997
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $17,372

    The top Redding VA lender as defined by loan originations is Mortgage Research Center, LLC, with 42 VA loans originated. Their average total fees are $4,624, which is $2,346 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Redding VA lenders (with over 10 loans originated) are INFINITY EQUITY GROUP, INC. ($3,737), Mortgage Research Center, LLC ($4,624), VILLAGE CAPITAL MORTGAGE ($5,665), FREEDOM MORTGAGE CORPORATION ($6,693) and DHI MORTGAGE COMPANY, LTD. ($6,875).

    The lowest rate Redding VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.26%), VILLAGE CAPITAL MORTGAGE (5.50%), UNITED WHOLESALE MORTGAGE, LLC (5.94%), QUICKEN LOANS, LLC (5.98%) and FREEDOM MORTGAGE CORPORATION (6.06%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Redding (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 $321,500 (8.6%) $403,848 (2.8%) 1.19 601
    2018-02-01 $329,225 (9.8%) $401,777 (0.8%) 1.20 625
    2018-03-01 $329,900 (3.0%) $407,716 (0.1%) 1.16 670
    2018-04-01 $329,000 (-0.3%) $402,101 (-4.5%) 1.12 723
    2018-05-01 $329,975 (3.5%) $413,520 (5.1%) 1.10 786
    2018-06-01 $327,500 (3.2%) $405,212 (4.1%) 1.09 844
    2018-07-01 $317,000 (1.2%) $382,582 (-0.2%) 1.06 871
    2018-08-01 $312,425 (1.1%) $383,511 (-0.3%) 1.05 764
    2018-09-01 $324,800 (1.8%) $395,243 (0.6%) 1.09 764
    2018-10-01 $325,250 (1.8%) $400,544 (2.8%) 1.10 776
    2018-11-01 $332,325 (4.8%) $416,380 (5.5%) 1.13 743
    2018-12-01 $329,900 (3.6%) $421,455 (5.0%) 1.14 714
    2019-01-01 $334,600 (4.1%) $430,588 (6.6%) 1.16 663
    2019-02-01 $327,000 (-0.7%) $430,416 (7.1%) 1.10 660
    2019-03-01 $324,943 (-1.5%) $431,363 (5.8%) 1.06 651
    2019-04-01 $327,450 (-0.5%) $436,099 (8.5%) 1.04 642
    2019-05-01 $339,950 (3.0%) $435,763 (5.4%) 1.06 726
    2019-06-01 $339,950 (3.8%) $434,051 (7.1%) 1.06 803
    2019-07-01 $333,700 (5.3%) $422,666 (10.5%) 1.04 793
    2019-08-01 $331,818 (6.2%) $424,058 (10.6%) 1.05 780
    2019-09-01 $330,795 (1.9%) $426,750 (8.0%) 1.06 781
    2019-10-01 $332,864 (2.3%) $428,545 (7.0%) 1.07 774
    2019-11-01 $339,000 (2.0%) $440,275 (5.7%) 1.11 708
    2019-12-01 $336,950 (2.1%) $445,673 (5.8%) 1.12 614
    2020-01-01 $347,850 (4.0%) $457,451 (6.2%) 1.16 558
    2020-02-01 $342,450 (4.7%) $458,946 (6.6%) 1.12 541
    2020-03-01 $357,225 (9.9%) $466,025 (8.0%) 1.12 558
    2020-04-01 $362,900 (10.8%) $466,691 (7.0%) 1.14 597
    2020-05-01 $379,900 (11.8%) $470,186 (7.9%) 1.15 592
    2020-06-01 $394,450 (16.0%) $486,358 (12.1%) 1.16 556
    2020-07-01 $400,575 (20.0%) $510,485 (20.8%) 1.16 467
    2020-08-01 $399,000 (20.3%) $558,104 (31.6%) 1.14 415
    2020-09-01 $398,450 (20.5%) $586,929 (37.5%) 1.14 415
    2020-10-01 $398,750 (19.8%) $565,627 (32.0%) 1.14 457
    2020-11-01 $399,000 (17.7%) $573,846 (30.3%) 1.17 451
    2020-12-01 $414,500 (23.0%) $589,681 (32.3%) 1.23 387
    2021-01-01 $427,000 (22.8%) $614,662 (34.4%) 1.27 316
    2021-02-01 $431,000 (25.9%) $630,215 (37.3%) 1.25 293
    2021-03-01 $426,500 (19.4%) $618,482 (32.7%) 1.21 301
    2021-04-01 $427,475 (17.8%) $649,269 (39.1%) 1.16 279
    2021-05-01 $449,900 (18.4%) $714,972 (52.1%) 1.20 309
    2021-06-01 $456,225 (15.7%) $700,595 (44.1%) 1.20 347
    2021-07-01 $425,000 (6.1%) $651,532 (27.6%) 1.12 394
    2021-08-01 $432,000 (8.3%) $634,507 (13.7%) 1.15 427
    2021-09-01 $439,450 (10.3%) $639,153 (8.9%) 1.17 438
    2021-10-01 $442,750 (11.0%) $604,308 (6.8%) 1.18 442
    2021-11-01 $438,500 (9.9%) $603,113 (5.1%) 1.17 431
    2021-12-01 $438,500 (5.8%) $598,196 (1.4%) 1.19 376
    2022-01-01 $459,900 (7.7%) $618,810 (0.7%) 1.24 310
    2022-02-01 $478,725 (11.1%) $642,710 (2.0%) 1.25 307
    2022-03-01 $489,000 (14.7%) $674,458 (9.1%) 1.22 339
    2022-04-01 $475,000 (11.1%) $685,487 (5.6%) 1.13 375
    2022-05-01 $471,850 (4.9%) $646,951 (-9.5%) 1.08 412
    2022-06-01 $472,000 (3.5%) $631,175 (-9.9%) 1.05 450
    2022-07-01 $430,000 (1.2%) $593,154 (-9.0%) 0.97 524
    2022-08-01 $439,000 (1.6%) $605,928 (-4.5%) 1.01 533
    2022-09-01 $439,125 (-0.1%) $611,198 (-4.4%) 1.03 539
    2022-10-01 $424,900 (-4.0%) $587,739 (-2.7%) 1.00 538
    2022-11-01 $413,200 (-5.8%) $586,823 (-2.7%) 0.99 513
    2022-12-01 $418,000 (-4.7%) $595,172 (-0.5%) 1.03 434
    2023-01-01 $409,200 (-11.0%) $592,585 (-4.2%) 1.01 395
    2023-02-01 $425,000 (-11.2%) $605,604 (-5.8%) 1.03 368
    2023-03-01 $439,825 (-10.1%) $615,764 (-8.7%) 1.04 352
    2023-04-01 $445,000 (-6.3%) $622,366 (-9.2%) 1.03 350
    2023-05-01 $446,248 (-5.4%) $602,037 (-6.9%) 1.01 401
    2023-06-01 $450,000 (-4.7%) $652,583 (3.4%) 1.01 435
    2023-07-01 $455,000 (5.8%) $622,625 (5.0%) 1.03 484
    2023-08-01 $457,150 (4.1%) $649,948 (7.3%) 1.05 511
    2023-09-01 $448,800 (2.2%) $642,268 (5.1%) 1.04 508
    2023-10-01 $431,498 (1.6%) $632,177 (7.6%) 1.02 491
    2023-11-01 $429,900 (4.0%) $634,743 (8.2%) 1.02 462
    2023-12-01 $437,738 (4.7%) $648,623 (9.0%) 1.07 414
    2024-01-01 $432,200 (5.6%) $666,679 (12.5%) 1.06 365
    2024-02-01 $439,000 (3.3%) $681,131 (12.5%) 1.06 346
    2024-03-01 $449,000 (2.1%) $694,589 (12.8%) 1.06 344
    2024-04-01 $441,000 (-0.9%) $666,956 (7.2%) 1.03 383
    2024-05-01 $461,500 (3.4%) $686,715 (14.1%) 1.05 465
    2024-06-01 $450,000 (0.0%) $630,192 (-3.4%) 1.02 477
    2024-07-01 $434,271 (-4.6%) $626,375 (0.6%) 0.99 516
    2024-08-01 $427,000 (-6.6%) $615,706 (-5.3%) 0.99 536
    2024-09-01 $437,400 (-2.5%) $629,375 (-2.0%) 1.03 546
    2024-10-01 $429,900 (-0.4%) $610,721 (-3.4%) 1.01 577
    2024-11-01 $427,000 (-0.7%) $604,750 (-4.7%) 1.02 587
    2024-12-01 $419,500 (-4.2%) $602,952 (-7.0%) 1.04 548
    2025-01-01 $417,000 (-3.5%) $618,929 (-7.2%) 1.04 497
    2025-02-01 $414,000 (-5.7%) $598,615 (-12.1%) 1.00 470
    2025-03-01 $429,000 (-4.5%) $601,444 (-13.4%) 0.00 491
    Redding's median listing price for 2025-03-01 was $429,000, a difference of $-20,000 (-4.5%) versus the prior year and $15,000 versus the prior month.

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

    Redding's average listing price for 2025-03-01 was $601,444, a difference of $-93,145 (-13.4%) versus the prior year and $2,829 versus the prior month.

    For the 2025-03-01 period, Redding had 491 MLS listings, a difference of 21 listings (4%) versus the prior month and 147 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Redding (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 81 days 1,801 sqft
    2018-02-01 63 days 1,802 sqft
    2018-03-01 52 days 1,827 sqft
    2018-04-01 53 days 1,812 sqft
    2018-05-01 47 days 1,830 sqft
    2018-06-01 51 days 1,818 sqft
    2018-07-01 58 days 1,774 sqft
    2018-08-01 61 days 1,754 sqft
    2018-09-01 60 days 1,788 sqft
    2018-10-01 61 days 1,811 sqft
    2018-11-01 62 days 1,830 sqft
    2018-12-01 72 days 1,827 sqft
    2019-01-01 76 days 1,837 sqft
    2019-02-01 72 days 1,843 sqft
    2019-03-01 61 days 1,828 sqft
    2019-04-01 44 days 1,820 sqft
    2019-05-01 39 days 1,848 sqft
    2019-06-01 45 days 1,812 sqft
    2019-07-01 56 days 1,783 sqft
    2019-08-01 59 days 1,793 sqft
    2019-09-01 59 days 1,805 sqft
    2019-10-01 62 days 1,828 sqft
    2019-11-01 65 days 1,840 sqft
    2019-12-01 79 days 1,819 sqft
    2020-01-01 84 days 1,832 sqft
    2020-02-01 60 days 1,819 sqft
    2020-03-01 46 days 1,882 sqft
    2020-04-01 49 days 1,895 sqft
    2020-05-01 49 days 1,924 sqft
    2020-06-01 52 days 1,978 sqft
    2020-07-01 61 days 1,978 sqft
    2020-08-01 52 days 1,908 sqft
    2020-09-01 38 days 1,904 sqft
    2020-10-01 40 days 1,899 sqft
    2020-11-01 46 days 1,897 sqft
    2020-12-01 61 days 1,919 sqft
    2021-01-01 70 days 1,940 sqft
    2021-02-01 33 days 1,901 sqft
    2021-03-01 30 days 1,901 sqft
    2021-04-01 25 days 1,862 sqft
    2021-05-01 21 days 1,906 sqft
    2021-06-01 28 days 1,952 sqft
    2021-07-01 29 days 1,868 sqft
    2021-08-01 36 days 1,867 sqft
    2021-09-01 42 days 1,885 sqft
    2021-10-01 39 days 1,889 sqft
    2021-11-01 41 days 1,856 sqft
    2021-12-01 48 days 1,841 sqft
    2022-01-01 58 days 1,830 sqft
    2022-02-01 36 days 1,841 sqft
    2022-03-01 27 days 1,861 sqft
    2022-04-01 29 days 1,845 sqft
    2022-05-01 35 days 1,828 sqft
    2022-06-01 35 days 1,823 sqft
    2022-07-01 37 days 1,749 sqft
    2022-08-01 50 days 1,762 sqft
    2022-09-01 50 days 1,775 sqft
    2022-10-01 52 days 1,736 sqft
    2022-11-01 63 days 1,736 sqft
    2022-12-01 72 days 1,736 sqft
    2023-01-01 81 days 1,736 sqft
    2023-02-01 71 days 1,736 sqft
    2023-03-01 60 days 1,779 sqft
    2023-04-01 43 days 1,799 sqft
    2023-05-01 36 days 1,753 sqft
    2023-06-01 40 days 1,800 sqft
    2023-07-01 43 days 1,824 sqft
    2023-08-01 50 days 1,856 sqft
    2023-09-01 51 days 1,800 sqft
    2023-10-01 57 days 1,775 sqft
    2023-11-01 65 days 1,780 sqft
    2023-12-01 74 days 1,799 sqft
    2024-01-01 71 days 1,790 sqft
    2024-02-01 54 days 1,781 sqft
    2024-03-01 46 days 1,828 sqft
    2024-04-01 32 days 1,802 sqft
    2024-05-01 35 days 1,832 sqft
    2024-06-01 44 days 1,800 sqft
    2024-07-01 56 days 1,762 sqft
    2024-08-01 55 days 1,760 sqft
    2024-09-01 58 days 1,793 sqft
    2024-10-01 58 days 1,763 sqft
    2024-11-01 64 days 1,758 sqft
    2024-12-01 71 days 1,746 sqft
    2025-01-01 84 days 1,728 sqft
    2025-02-01 80 days 1,736 sqft
    2025-03-01 0 days 1,782 sqft
    Redding's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Redding's median square footage for active listings during the 2025-03-01 period was 1,782 sqft. One year prior, the average listing was 1,828 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.