Sacramento VA Loan Rates, Closing Costs & Stats
SACRAMENTO-ROSEVILLE-FOLSOM, 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 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.
Sacramento's 157 lenders originated 3,120 VA loans during 2022. The total origination value was $1,600,680,000, with an average VA loan value of $513,038.
Sacramento VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Sacramento
averaged
-0.57%
for the week of 2023-06-02, compared to the national average (all VA variants) of
0% for the same period.
Sacramento's average VA mortgage closing costs are $7,244.
The average rate for the prior week (2023-05-26) was
5.87% and
one month ago for the week of 2023-04-28, the
average rate was 5.72%.
The average rate one year ago was 4.58%.
For refis of the same type during the week of 2023-06-02, the average rate
was -1.68%.
Sacramento 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 Sacramento level.
The top Sacramento VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
617 VA loans originated. Their average total fees are
$10,872, which is $2,808
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Sacramento VA lenders (with over 10 loans originated) are
Wells Fargo Bank ($5,971), HOMEAMERICAN MORTGAGE CORPORATION ($6,953), LAKEVIEW LOAN SERVICING, LLC ($7,817), FINANCE OF AMERICA MORTGAGE LLC ($8,895) and GUARANTEED RATE AFFINITY, LLC ($9,451).
The lowest rate Sacramento VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC (3.00%), PENNYMAC LOAN SERVICES, LLC (3.31%), CLEARPATH LENDING (3.33%), PENTAGON FEDERAL CREDIT UNION (3.40%) and GUARANTEED RATE, INC. (3.68%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sacramento (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $445,630 (1.4%) | $657,184 (-1.8%) | 1.65 | 3,470 |
2018-02-01 | $454,500 (1.0%) | $663,867 (-2.7%) | 1.65 | 3,639 |
2018-03-01 | $467,000 (1.7%) | $661,259 (-2.0%) | 1.64 | 3,696 |
2018-04-01 | $469,950 (0.2%) | $667,218 (0.1%) | 1.59 | 4,214 |
2018-05-01 | $475,000 (0.5%) | $661,387 (0.6%) | 1.59 | 4,879 |
2018-06-01 | $469,900 (-0.8%) | $656,751 (-1.1%) | 1.57 | 5,506 |
2018-07-01 | $464,950 (1.1%) | $657,857 (0.3%) | 1.55 | 5,846 |
2018-08-01 | $459,950 (2.2%) | $647,221 (-0.4%) | 1.54 | 6,200 |
2018-09-01 | $449,999 (0.2%) | $632,432 (-0.2%) | 1.51 | 6,413 |
2018-10-01 | $449,450 (2.3%) | $629,941 (1.8%) | 1.52 | 6,265 |
2018-11-01 | $448,984 (2.1%) | $624,016 (-0.1%) | 1.52 | 5,923 |
2018-12-01 | $449,500 (2.4%) | $627,499 (-2.8%) | 1.55 | 5,133 |
2019-01-01 | $449,975 (1.0%) | $639,764 (-2.7%) | 1.55 | 4,390 |
2019-02-01 | $462,039 (1.7%) | $650,504 (-2.0%) | 1.56 | 4,199 |
2019-03-01 | $476,371 (2.0%) | $660,380 (-0.1%) | 1.56 | 4,273 |
2019-04-01 | $487,000 (3.6%) | $662,278 (-0.7%) | 1.55 | 4,491 |
2019-05-01 | $492,500 (3.7%) | $661,526 (0.0%) | 1.54 | 5,146 |
2019-06-01 | $502,163 (6.9%) | $684,750 (4.3%) | 1.57 | 5,591 |
2019-07-01 | $499,353 (7.4%) | $679,462 (3.3%) | 1.56 | 5,844 |
2019-08-01 | $495,695 (7.8%) | $678,336 (4.8%) | 1.57 | 5,800 |
2019-09-01 | $489,679 (8.8%) | $676,530 (7.0%) | 1.57 | 5,689 |
2019-10-01 | $485,668 (8.1%) | $676,975 (7.5%) | 1.57 | 5,529 |
2019-11-01 | $488,000 (8.7%) | $685,687 (9.9%) | 1.60 | 4,833 |
2019-12-01 | $495,000 (10.1%) | $764,076 (21.8%) | 1.65 | 3,685 |
2020-01-01 | $492,450 (9.4%) | $706,427 (10.4%) | 1.65 | 3,266 |
2020-02-01 | $499,000 (8.0%) | $711,703 (9.4%) | 1.64 | 3,242 |
2020-03-01 | $506,750 (6.4%) | $691,940 (4.8%) | 1.59 | 3,552 |
2020-04-01 | $499,066 (2.5%) | $676,741 (2.2%) | 1.56 | 3,984 |
2020-05-01 | $507,901 (3.1%) | $694,950 (5.1%) | 1.54 | 4,193 |
2020-06-01 | $516,631 (2.9%) | $703,038 (2.7%) | 1.52 | 3,946 |
2020-07-01 | $525,000 (5.1%) | $720,155 (6.0%) | 1.52 | 3,336 |
2020-08-01 | $525,000 (5.9%) | $754,722 (11.3%) | 1.50 | 2,950 |
2020-09-01 | $539,950 (10.3%) | $842,386 (24.5%) | 1.55 | 2,938 |
2020-10-01 | $545,000 (12.2%) | $808,671 (19.5%) | 1.56 | 2,896 |
2020-11-01 | $551,553 (13.0%) | $850,357 (24.0%) | 1.61 | 2,561 |
2020-12-01 | $549,000 (10.9%) | $886,866 (16.1%) | 1.63 | 1,998 |
2021-01-01 | $565,000 (14.7%) | $960,500 (36.0%) | 1.69 | 1,582 |
2021-02-01 | $549,995 (10.2%) | $949,386 (33.4%) | 1.60 | 1,568 |
2021-03-01 | $547,450 (8.0%) | $907,130 (31.1%) | 1.55 | 1,681 |
2021-04-01 | $574,500 (15.1%) | $932,111 (37.7%) | 1.56 | 1,887 |
2021-05-01 | $585,000 (15.2%) | $890,971 (28.2%) | 1.56 | 2,017 |
2021-06-01 | $593,500 (14.9%) | $869,011 (23.6%) | 1.56 | 2,346 |
2021-07-01 | $595,500 (13.4%) | $859,341 (19.3%) | 1.57 | 2,782 |
2021-08-01 | $585,450 (11.5%) | $859,539 (13.9%) | 1.56 | 2,961 |
2021-09-01 | $589,000 (9.1%) | $860,263 (2.1%) | 1.57 | 2,957 |
2021-10-01 | $594,400 (9.1%) | $873,023 (8.0%) | 1.59 | 2,929 |
2021-11-01 | $592,474 (7.4%) | $907,614 (6.7%) | 1.58 | 2,399 |
2021-12-01 | $597,000 (8.7%) | $926,347 (4.5%) | 1.62 | 1,767 |
2022-01-01 | $619,900 (9.7%) | $944,041 (-1.7%) | 1.68 | 1,476 |
2022-02-01 | $628,125 (14.2%) | $938,068 (-1.2%) | 1.63 | 1,532 |
2022-03-01 | $629,475 (15.0%) | $902,828 (-0.5%) | 1.58 | 1,767 |
2022-04-01 | $649,000 (13.0%) | $899,087 (-3.5%) | 1.55 | 2,106 |
2022-05-01 | $649,500 (11.0%) | $905,800 (1.7%) | 1.48 | 3,072 |
2022-06-01 | $643,500 (8.4%) | $885,596 (1.9%) | 1.43 | 3,804 |
2022-07-01 | $629,900 (5.8%) | $885,931 (3.1%) | 1.42 | 4,654 |
2022-08-01 | $614,675 (5.0%) | $912,213 (6.1%) | 1.42 | 4,756 |
2022-09-01 | $600,000 (1.9%) | $854,083 (-0.7%) | 1.40 | 4,475 |
2022-10-01 | $599,000 (0.8%) | $834,492 (-4.4%) | 1.41 | 4,372 |
2022-11-01 | $589,995 (-0.4%) | $836,180 (-7.9%) | 1.42 | 3,987 |
2022-12-01 | $588,125 (-1.5%) | $852,272 (-8.0%) | 1.45 | 3,212 |
2023-01-01 | $595,250 (-4.0%) | $861,436 (-8.8%) | 1.48 | 2,648 |
2023-02-01 | $606,463 (-3.5%) | $892,474 (-4.9%) | 1.46 | 2,266 |
2023-03-01 | $627,000 (-0.4%) | $920,999 (2.0%) | 1.48 | 2,024 |
2023-04-01 | $660,000 (1.7%) | $939,401 (4.5%) | 1.53 | 1,944 |
2023-05-01 | $662,875 (2.1%) | $927,784 (2.4%) | 1.50 | 2,234 |
Sacramento's median listing price comes in at 150% of the national average.
Sacramento's average listing price for 2023-05-01 was $927,784, a difference of $21,984 (2.4%) versus the prior year and $-11,617 versus the prior month.
For the 2023-05-01 period, Sacramento had 2,234 MLS listings, a difference of 290 listings (15%) versus the prior month and -838 listings (-27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sacramento (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 52 days | 1,837 sqft |
2018-02-01 | 36 days | 1,875 sqft |
2018-03-01 | 33 days | 1,889 sqft |
2018-04-01 | 32 days | 1,892 sqft |
2018-05-01 | 30 days | 1,901 sqft |
2018-06-01 | 33 days | 1,892 sqft |
2018-07-01 | 37 days | 1,870 sqft |
2018-08-01 | 38 days | 1,867 sqft |
2018-09-01 | 41 days | 1,838 sqft |
2018-10-01 | 46 days | 1,835 sqft |
2018-11-01 | 50 days | 1,843 sqft |
2018-12-01 | 58 days | 1,836 sqft |
2019-01-01 | 63 days | 1,839 sqft |
2019-02-01 | 49 days | 1,860 sqft |
2019-03-01 | 41 days | 1,898 sqft |
2019-04-01 | 37 days | 1,927 sqft |
2019-05-01 | 35 days | 1,939 sqft |
2019-06-01 | 37 days | 2,000 sqft |
2019-07-01 | 43 days | 1,977 sqft |
2019-08-01 | 47 days | 1,964 sqft |
2019-09-01 | 52 days | 1,939 sqft |
2019-10-01 | 57 days | 1,930 sqft |
2019-11-01 | 61 days | 1,925 sqft |
2019-12-01 | 73 days | 1,949 sqft |
2020-01-01 | 68 days | 1,922 sqft |
2020-02-01 | 43 days | 1,925 sqft |
2020-03-01 | 41 days | 1,947 sqft |
2020-04-01 | 43 days | 1,915 sqft |
2020-05-01 | 49 days | 1,950 sqft |
2020-06-01 | 46 days | 1,959 sqft |
2020-07-01 | 50 days | 1,940 sqft |
2020-08-01 | 36 days | 1,932 sqft |
2020-09-01 | 35 days | 1,925 sqft |
2020-10-01 | 35 days | 1,913 sqft |
2020-11-01 | 38 days | 1,903 sqft |
2020-12-01 | 44 days | 1,877 sqft |
2021-01-01 | 48 days | 1,892 sqft |
2021-02-01 | 31 days | 1,833 sqft |
2021-03-01 | 26 days | 1,795 sqft |
2021-04-01 | 26 days | 1,859 sqft |
2021-05-01 | 27 days | 1,833 sqft |
2021-06-01 | 26 days | 1,821 sqft |
2021-07-01 | 28 days | 1,808 sqft |
2021-08-01 | 30 days | 1,792 sqft |
2021-09-01 | 33 days | 1,791 sqft |
2021-10-01 | 33 days | 1,774 sqft |
2021-11-01 | 37 days | 1,757 sqft |
2021-12-01 | 43 days | 1,756 sqft |
2022-01-01 | 40 days | 1,798 sqft |
2022-02-01 | 25 days | 1,800 sqft |
2022-03-01 | 24 days | 1,814 sqft |
2022-04-01 | 24 days | 1,849 sqft |
2022-05-01 | 24 days | 1,847 sqft |
2022-06-01 | 29 days | 1,840 sqft |
2022-07-01 | 32 days | 1,829 sqft |
2022-08-01 | 39 days | 1,804 sqft |
2022-09-01 | 45 days | 1,822 sqft |
2022-10-01 | 47 days | 1,809 sqft |
2022-11-01 | 51 days | 1,807 sqft |
2022-12-01 | 63 days | 1,811 sqft |
2023-01-01 | 67 days | 1,826 sqft |
2023-02-01 | 51 days | 1,859 sqft |
2023-03-01 | 43 days | 1,904 sqft |
2023-04-01 | 35 days | 1,997 sqft |
2023-05-01 | 31 days | 1,985 sqft |
Sacramento's median square footage for active listings during the 2023-05-01 period was 1,985 sqft. One year prior, the average listing was 1,847 sqft.