Sacramento VA Loans
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 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 221 lenders originated 10,024 VA loans during 2021. The total origination value was $4,319,250,000, with an average VA loan value of $430,891.
Sacramento VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Sacramento
averaged
5.53%
for the week of 2022-05-20, compared to the national average (all VA variants) of
5.143% for the same period.
The average rate for the prior week (2022-05-13) was
5.64% and
one month ago for the week of 2022-04-15, the
average rate was 5%.
The average rate one year ago was 3.29%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.13%.
Sacramento 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 Sacramento level.
The top Sacramento VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
935 VA loans originated. Their average total fees are
$7,438, which is $3,588
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Sacramento VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,953), Lakeview Community Capital, LLC ($2,991), InterContinental Capital Group, Inc ($3,292), FREEDOM MORTGAGE CORPORATION ($3,850) and PLANET HOME LENDING, LLC ($3,860).
The lowest rate Sacramento VA lenders (with over 10 loans originated) are
CLEARPATH LENDING (2.21%), VILLAGE CAPITAL & INVESTMENT LLC (2.22%), NP, Inc. (2.28%), Low VA Rates, LLC (2.28%) and PENTAGON FEDERAL CREDIT UNION (2.31%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sacramento (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 | $440,000 (1.3%) | $624,606 (1.4%) | 1.62 | 3,521 |
| 2018-02-01 | $452,450 (0.8%) | $628,617 (0.3%) | 1.63 | 3,711 |
| 2018-03-01 | $465,000 (2.0%) | $631,863 (0.9%) | 1.61 | 3,751 |
| 2018-04-01 | $469,900 (1.1%) | $640,106 (2.0%) | 1.58 | 4,317 |
| 2018-05-01 | $475,000 (0.7%) | $639,378 (2.3%) | 1.58 | 5,065 |
| 2018-06-01 | $468,000 (-0.3%) | $641,316 (2.1%) | 1.56 | 5,678 |
| 2018-07-01 | $459,450 (0.1%) | $637,367 (2.9%) | 1.53 | 6,084 |
| 2018-08-01 | $454,900 (1.1%) | $625,465 (1.0%) | 1.52 | 6,410 |
| 2018-09-01 | $449,500 (0.1%) | $613,814 (1.4%) | 1.50 | 6,576 |
| 2018-10-01 | $449,000 (2.2%) | $609,108 (2.4%) | 1.50 | 6,449 |
| 2018-11-01 | $445,000 (1.2%) | $601,764 (-0.8%) | 1.49 | 6,091 |
| 2018-12-01 | $449,000 (2.3%) | $606,993 (-2.2%) | 1.54 | 5,256 |
| 2019-01-01 | $449,700 (2.2%) | $612,852 (-1.9%) | 1.55 | 4,518 |
| 2019-02-01 | $459,950 (1.7%) | $616,022 (-2.0%) | 1.54 | 4,312 |
| 2019-03-01 | $475,857 (2.3%) | $631,161 (-0.1%) | 1.55 | 4,340 |
| 2019-04-01 | $487,000 (3.6%) | $639,876 (0.0%) | 1.53 | 4,542 |
| 2019-05-01 | $493,250 (3.8%) | $638,284 (-0.2%) | 1.52 | 5,229 |
| 2019-06-01 | $499,999 (6.8%) | $654,596 (2.1%) | 1.54 | 5,671 |
| 2019-07-01 | $499,000 (8.6%) | $655,462 (2.8%) | 1.55 | 5,927 |
| 2019-08-01 | $497,716 (9.4%) | $659,454 (5.4%) | 1.57 | 5,866 |
| 2019-09-01 | $495,203 (10.2%) | $662,301 (7.9%) | 1.57 | 5,780 |
| 2019-10-01 | $498,000 (10.9%) | $677,861 (11.3%) | 1.59 | 5,649 |
| 2019-11-01 | $499,000 (12.1%) | $684,874 (13.8%) | 1.61 | 4,894 |
| 2019-12-01 | $502,495 (11.9%) | $764,989 (26.0%) | 1.68 | 3,691 |
| 2020-01-01 | $499,995 (11.2%) | $697,778 (13.9%) | 1.67 | 3,232 |
| 2020-02-01 | $514,900 (12.0%) | $712,591 (15.7%) | 1.66 | 3,227 |
| 2020-03-01 | $524,950 (10.3%) | $706,084 (11.9%) | 1.64 | 3,543 |
| 2020-04-01 | $504,450 (3.6%) | $677,270 (5.8%) | 1.57 | 4,004 |
| 2020-05-01 | $518,000 (5.0%) | $693,514 (8.7%) | 1.57 | 4,224 |
| 2020-06-01 | $530,500 (6.1%) | $714,154 (9.1%) | 1.55 | 3,992 |
| 2020-07-01 | $542,500 (8.7%) | $750,386 (14.5%) | 1.55 | 3,344 |
| 2020-08-01 | $529,000 (6.3%) | $746,492 (13.2%) | 1.51 | 2,913 |
| 2020-09-01 | $547,000 (10.5%) | $805,283 (21.6%) | 1.56 | 2,917 |
| 2020-10-01 | $549,900 (10.4%) | $836,812 (23.5%) | 1.57 | 2,907 |
| 2020-11-01 | $554,000 (11.0%) | $854,295 (24.7%) | 1.59 | 2,560 |
| 2020-12-01 | $549,450 (9.3%) | $892,917 (16.7%) | 1.61 | 1,980 |
| 2021-01-01 | $575,000 (15.0%) | $979,004 (40.3%) | 1.69 | 1,541 |
| 2021-02-01 | $552,500 (7.3%) | $986,236 (38.4%) | 1.59 | 1,493 |
| 2021-03-01 | $547,000 (4.2%) | $941,882 (33.4%) | 1.53 | 1,604 |
| 2021-04-01 | $574,000 (13.8%) | $918,184 (35.6%) | 1.54 | 1,823 |
| 2021-05-01 | $585,000 (12.9%) | $902,257 (30.1%) | 1.54 | 1,951 |
| 2021-06-01 | $593,500 (11.9%) | $859,412 (20.3%) | 1.54 | 2,269 |
| 2021-07-01 | $596,944 (10.0%) | $847,990 (13.0%) | 1.55 | 2,674 |
| 2021-08-01 | $589,000 (11.3%) | $852,497 (14.2%) | 1.55 | 2,890 |
| 2021-09-01 | $589,450 (7.8%) | $865,319 (7.5%) | 1.55 | 2,895 |
| 2021-10-01 | $595,000 (8.2%) | $870,505 (4.0%) | 1.57 | 2,858 |
| 2021-11-01 | $593,000 (7.0%) | $927,380 (8.6%) | 1.56 | 2,337 |
| 2021-12-01 | $599,000 (9.0%) | $960,390 (7.6%) | 1.60 | 1,727 |
| 2022-01-01 | $620,000 (7.8%) | $988,258 (1.0%) | 1.65 | 1,435 |
| 2022-02-01 | $628,500 (13.8%) | $963,665 (-2.3%) | 1.60 | 1,498 |
| 2022-03-01 | $634,000 (15.9%) | $924,015 (-1.9%) | 1.57 | 1,736 |
| 2022-04-01 | $649,950 (13.2%) | $903,095 (-1.6%) | 1.53 | 2,059 |
Sacramento's median listing price comes in at 153% of the national average.
Sacramento's average listing price for 2022-04-01 was $903,095, a difference of $-15,089 (-1.6%) versus the prior year and $-20,920 versus the prior month.
For the 2022-04-01 period, Sacramento had 2,059 MLS listings, a difference of 323 listings (19%) versus the prior month and 236 listings (13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sacramento (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 53 days | 1,834 sqft |
| 2018-02-01 | 36 days | 1,871 sqft |
| 2018-03-01 | 34 days | 1,890 sqft |
| 2018-04-01 | 32 days | 1,895 sqft |
| 2018-05-01 | 30 days | 1,903 sqft |
| 2018-06-01 | 35 days | 1,883 sqft |
| 2018-07-01 | 37 days | 1,866 sqft |
| 2018-08-01 | 38 days | 1,864 sqft |
| 2018-09-01 | 42 days | 1,836 sqft |
| 2018-10-01 | 46 days | 1,835 sqft |
| 2018-11-01 | 50 days | 1,842 sqft |
| 2018-12-01 | 58 days | 1,836 sqft |
| 2019-01-01 | 64 days | 1,836 sqft |
| 2019-02-01 | 50 days | 1,862 sqft |
| 2019-03-01 | 43 days | 1,900 sqft |
| 2019-04-01 | 35 days | 1,925 sqft |
| 2019-05-01 | 34 days | 1,938 sqft |
| 2019-06-01 | 36 days | 1,993 sqft |
| 2019-07-01 | 41 days | 1,977 sqft |
| 2019-08-01 | 43 days | 1,967 sqft |
| 2019-09-01 | 46 days | 1,947 sqft |
| 2019-10-01 | 50 days | 1,964 sqft |
| 2019-11-01 | 53 days | 1,967 sqft |
| 2019-12-01 | 62 days | 1,982 sqft |
| 2020-01-01 | 61 days | 1,966 sqft |
| 2020-02-01 | 37 days | 1,963 sqft |
| 2020-03-01 | 30 days | 1,989 sqft |
| 2020-04-01 | 36 days | 1,940 sqft |
| 2020-05-01 | 42 days | 1,979 sqft |
| 2020-06-01 | 36 days | 1,997 sqft |
| 2020-07-01 | 36 days | 1,991 sqft |
| 2020-08-01 | 36 days | 1,950 sqft |
| 2020-09-01 | 35 days | 1,947 sqft |
| 2020-10-01 | 35 days | 1,930 sqft |
| 2020-11-01 | 38 days | 1,915 sqft |
| 2020-12-01 | 43 days | 1,896 sqft |
| 2021-01-01 | 46 days | 1,935 sqft |
| 2021-02-01 | 30 days | 1,812 sqft |
| 2021-03-01 | 28 days | 1,798 sqft |
| 2021-04-01 | 26 days | 1,848 sqft |
| 2021-05-01 | 27 days | 1,830 sqft |
| 2021-06-01 | 25 days | 1,815 sqft |
| 2021-07-01 | 27 days | 1,804 sqft |
| 2021-08-01 | 29 days | 1,789 sqft |
| 2021-09-01 | 31 days | 1,791 sqft |
| 2021-10-01 | 32 days | 1,778 sqft |
| 2021-11-01 | 35 days | 1,757 sqft |
| 2021-12-01 | 42 days | 1,756 sqft |
| 2022-01-01 | 40 days | 1,794 sqft |
| 2022-02-01 | 25 days | 1,796 sqft |
| 2022-03-01 | 23 days | 1,814 sqft |
| 2022-04-01 | 23 days | 1,849 sqft |
Sacramento's median square footage for active listings during the 2022-04-01 period was 1,849 sqft. One year prior, the average listing was 1,848 sqft.
