Sacramento VA Loan Rates, Closing Costs & Stats

SACRAMENTO-ROSEVILLE-FOLSOM, 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.

    Sacramento's 125 lenders originated 1,472 VA loans during 2023. The total origination value was $785,270,000, with an average VA loan value of $533,471.

    Sacramento VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sacramento averaged 6.78% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Sacramento's average VA mortgage closing costs are $7,466.

    The average rate for the prior week (2024-04-12) was 6.81% and one month ago for the week of 2024-03-15, the average rate was 6.47%.

    The average rate one year ago was 6.06%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.07%.

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

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 320 6.09% $10,460
    Mortgage Research Center, LLC 110 6.52% $9,237
    QUICKEN LOANS, LLC 109 6.08% $15,954
    LOANDEPOT.COM, LLC 61 5.83% $18,709
    EAGLE HOME MORTGAGE, LLC 54 5.50% $9,069
    GUILD MORTGAGE COMPANY 48 6.07% $17,838
    AMERICAN PACIFIC MORTGAGE CORPORATION 45 6.50% $13,418
    NAVY FEDERAL CREDIT UNION 30 5.71% $8,575
    MOVEMENT MORTGAGE, LLC 29 6.43% $18,914
    PENNYMAC LOAN SERVICES, LLC 28 5.67% $13,033
    HOMEAMERICAN MORTGAGE CORPORATION 27 5.34% $7,202
    FREEDOM MORTGAGE CORPORATION 27 6.36% $17,104
    The Federal Savings Bank 21 6.18% $24,128
    CROSSCOUNTRY MORTGAGE, LLC 21 6.18% $15,688
    NEWREZ LLC 18 6.05% $16,447
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 15 5.16% $4,789
    KBHS HOME LOANS, LLC 15 5.72% $13,956
    CMG MORTGAGE, INC. 14 6.31% $14,431
    USAA Federal Savings Bank 14 6.00% $8,218
    U.S. Bank 14 6.27% $17,918
    DHI MORTGAGE COMPANY, LTD. 14 6.03% $11,398
    Paramount Residential Mortgage Group, Inc. 12 6.32% $10,152
    GUARANTEED RATE AFFINITY, LLC 12 6.06% $9,797
    South Pacific Financial Corporation 12 5.57% $15,127
    BROKER SOLUTIONS, INC. 12 6.30% $13,862
    NEW DAY FINANCIAL, LLC 12 7.57% $17,731
    Wells Fargo Bank 12 5.43% $9,963
    Flagstar Bank, FSB 11 6.14% $20,662
    GUARANTEED RATE, INC. 11 5.97% $8,738
    Century Mortgage Company DBA Century Lending Company 9 6.50% $10,410
    CARDINAL FINANCIAL 9 5.78% $21,051
    NATIONS DIRECT MORTGAGE, LLC 9 6.50% $21,025
    SUMMIT FUNDING, INC. 9 6.31% $12,767
    Plains Commerce Bank 8 5.66% $9,891
    PREMIER MORTGAGE RESOURCES, L.L.C. 8 6.44% $20,268
    Equity Prime Mortgage LLC 8 6.27% $8,748
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.69% $8,589
    Sierra Pacific Mortgage Company, Inc. 7 6.11% $14,341
    Mr. Cooper ( Nationstar Mortgage ) 7 6.32% $20,992
    SUN WEST MORTGAGE COMPANY, INC. 6 6.16% $9,515
    VILLAGE CAPITAL MORTGAGE 6 5.79% $16,702
    PACIFIC RESIDENTIAL MORTGAGE, LLC 5 6.13% $20,562
    PLANET HOME LENDING, LLC 5 6.15% $7,492
    Barrington Bank & Trust Company, N.A. 5 6.23% $11,872
    PENTAGON FEDERAL CREDIT UNION 5 6.20% $3,882
    JPMorgan Chase Bank 5 5.90% $7,184
    ALAMEDA MORTGAGE CORPORATION 4 6.22% $25,989
    LOANPAL, LLC 4 6.19% $13,448
    LAND HOME FINANCIAL SERVICES, INC. 4 6.47% $20,659
    EVERETT FINANCIAL, INC. 4 6.38% $19,345
    TJC Mortgage, Inc. 4 6.66% $15,403
    CHURCHILL MORTGAGE CORPORATION 4 5.59% $15,676
    AMERISAVE MORTGAGE CORPORATION 4 5.91% $17,580
    PLAZA HOME MORTGAGE, INC. 4 6.75% $11,798
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.47% $20,129
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.04% $21,008
    AmeriHome Mortgage Company, LLC 3 6.38% $11,123
    CANOPY MORTGAGE, LLC 3 7.12% $14,135
    CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.79% $21,446
    FBC MORTGAGE, LLC 3 5.83% $6,721
    INTERNATIONAL CITY MORTGAGE, INC. 3 6.13% $13,003
    Mid-Continent Funding, Inc. 3 6.13% $16,199
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.21% $5,330
    MOUNTAIN WEST FINANCIAL, INC. 3 6.63% $14,271
    OCMBC, INC. 3 6.92% $11,465
    RESIDENTIAL BANCORP 3 6.08% $7,595
    Sunflower Bank 3 6.13% $10,111
    MASON MCDUFFIE MORTGAGE CORPORATION 2 6.38% $10,333
    Ameris Bank 2 6.44% $7,233
    MORTGAGEONE, INC. 2 6.06% $17,220
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.69% $24,133
    GENEVA FINANCIAL, LLC 2 6.69% $3,651
    NBKC BANK 2 5.56% $17,288
    NFM, INC. 2 6.31% $12,096
    Cornerstone First Mortgage, Inc 2 7.38% $6,868
    BNC National Bank 2 5.19% $3,322
    S1L, Inc. 2 6.50% $14,183
    SOVEREIGN LENDING GROUP INCORPORATED 2 5.38% $32,460
    Armed Forces Bank 2 5.88% $18,453
    LADERA LENDING, INC. 2 6.50% $23,927
    Magnolia Bank 2 5.69% $20,721
    JMJ FINANCIAL GROUP 1 6.25% $8,533
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $14,124
    FRONTWAVE 1 6.25% $1,919
    Franklin Loan Corporation 1 5.25% $10,900
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $18,884
    American Mortgage & Equity Consultants, Inc. 1 6.49% $27,074
    ONY GLO, INC. 1 6.50% $4,536
    OPEN MORTGAGE, LLC 1 5.50% $13,117
    ENVOY MORTGAGE, LTD 1 6.75% $6,115
    DAS Acquisition Company, LLC 1 7.25% $12,551
    AmRes Corporation 1 7.75% $5,701
    COMPASS MORTGAGE, INC. 1 7.13% $20,262
    Citizens Bank 1 6.38% $1,459
    CENTRAL COAST LENDING, INC. 1 5.75% $22,613
    CALIBER HOME LOANS, INC. 1 5.75% $7,901
    PREMIA MORTGAGE, LLC 1 5.00% $18,537
    CALCON MUTUAL MORTGAGE LLC 1 6.25% $12,539
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $10,638
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $21,660
    Prosperity Home Mortgage, LLC 1 6.25% $10,982
    PULTE MORTGAGE LLC 1 5.63% $1,057
    BEST FINANCE CAPITAL, INC. 1 7.13% $15,843
    ZILLOW HOME LOANS, LLC 1 6.25% $14,458
    Residential Mortgage Solutions, Inc. 1 6.88% $13,370
    INSPIRE HOME LOANS INC. 1 5.88% $2,726
    SCENIC OAKS FUNDING, INC. 1 5.63% $17,579
    BAY-VALLEY MORTGAGE GROUP 1 6.75% $13,104
    SNAPFI, INC. 1 6.75% $5,259
    BAY EQUITY LLC 1 5.99% $8,367
    LIBERTY HOME MORTGAGE CORPORATION 1 6.50% $27,392
    Banner Bank 1 6.00% $44,072
    MICHIGAN MUTUAL, INC. 1 5.13% $11,721
    Zions Bank 1 6.00% $44,326
    ML Mortgage Corp. 1 5.50% $12,813
    Bank of England 1 6.50% $7,188
    INFINITY EQUITY GROUP, INC. 1 7.13% $0
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $21,903
    Watermark Capital, Inc. 1 7.25% $3,314
    AXIA FINANCIAL, LLC 1 6.13% $23,405
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.63% $2,917
    ACADEMY MORTGAGE CORPORATION 1 6.00% $10,127
    Golden Empire Mortgage, Inc. 1 6.75% $34,885
    Nations Lending Corporation 1 6.63% $3,426
    The Loan Store, Inc. 1 6.49% $28,722

    The top Sacramento VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 320 VA loans originated. Their average total fees are $10,460, which is $1,223 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Sacramento VA lenders (with over 10 loans originated) are K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. ($4,789), HOMEAMERICAN MORTGAGE CORPORATION ($7,202), USAA Federal Savings Bank ($8,218), NAVY FEDERAL CREDIT UNION ($8,575) and GUARANTEED RATE, INC. ($8,738).

    The lowest rate Sacramento VA lenders (with over 10 loans originated) are K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (5.16%), HOMEAMERICAN MORTGAGE CORPORATION (5.34%), Wells Fargo Bank (5.43%), EAGLE HOME MORTGAGE, LLC (5.50%) and South Pacific Financial Corporation (5.57%).

    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 $445,315 (1.2%) $657,100 (-1.9%) 1.65 3,473
    2018-02-01 $454,500 (1.0%) $663,764 (-2.8%) 1.65 3,642
    2018-03-01 $466,950 (1.7%) $661,180 (-2.0%) 1.64 3,699
    2018-04-01 $469,950 (0.2%) $667,141 (0.1%) 1.59 4,217
    2018-05-01 $475,000 (0.5%) $661,071 (0.5%) 1.59 4,885
    2018-06-01 $469,900 (-0.8%) $656,483 (-1.2%) 1.57 5,512
    2018-07-01 $464,625 (1.0%) $657,327 (0.3%) 1.55 5,852
    2018-08-01 $459,100 (2.0%) $646,651 (-0.5%) 1.54 6,209
    2018-09-01 $449,970 (0.2%) $631,951 (-0.3%) 1.51 6,418
    2018-10-01 $449,450 (2.3%) $629,643 (1.7%) 1.52 6,269
    2018-11-01 $448,900 (2.0%) $623,807 (-0.2%) 1.52 5,926
    2018-12-01 $449,250 (2.3%) $627,411 (-2.8%) 1.55 5,134
    2019-01-01 $449,975 (1.1%) $639,743 (-2.6%) 1.55 4,391
    2019-02-01 $462,039 (1.7%) $650,461 (-2.0%) 1.56 4,200
    2019-03-01 $476,371 (2.0%) $660,331 (-0.1%) 1.56 4,274
    2019-04-01 $487,000 (3.6%) $662,222 (-0.7%) 1.55 4,493
    2019-05-01 $492,500 (3.7%) $661,563 (0.1%) 1.54 5,147
    2019-06-01 $501,000 (6.6%) $684,248 (4.2%) 1.57 5,594
    2019-07-01 $499,250 (7.5%) $678,634 (3.2%) 1.56 5,845
    2019-08-01 $495,545 (7.9%) $677,441 (4.8%) 1.57 5,802
    2019-09-01 $489,614 (8.8%) $675,637 (6.9%) 1.57 5,690
    2019-10-01 $485,659 (8.1%) $676,087 (7.4%) 1.57 5,531
    2019-11-01 $487,000 (8.5%) $684,707 (9.8%) 1.60 4,834
    2019-12-01 $495,000 (10.2%) $763,837 (21.7%) 1.65 3,688
    2020-01-01 $492,450 (9.4%) $706,204 (10.4%) 1.65 3,269
    2020-02-01 $499,000 (8.0%) $711,476 (9.4%) 1.63 3,244
    2020-03-01 $506,750 (6.4%) $691,843 (4.8%) 1.59 3,554
    2020-04-01 $499,066 (2.5%) $676,655 (2.2%) 1.56 3,986
    2020-05-01 $507,764 (3.1%) $694,863 (5.0%) 1.54 4,194
    2020-06-01 $516,631 (3.1%) $702,905 (2.7%) 1.52 3,947
    2020-07-01 $525,000 (5.2%) $719,968 (6.1%) 1.52 3,337
    2020-08-01 $525,000 (5.9%) $754,722 (11.4%) 1.50 2,949
    2020-09-01 $539,944 (10.3%) $842,120 (24.6%) 1.55 2,937
    2020-10-01 $545,000 (12.2%) $808,671 (19.6%) 1.56 2,896
    2020-11-01 $551,166 (13.2%) $850,312 (24.2%) 1.61 2,560
    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%) $932,013 (37.7%) 1.56 1,887
    2021-05-01 $585,000 (15.2%) $890,788 (28.2%) 1.55 2,016
    2021-06-01 $593,500 (14.9%) $868,575 (23.6%) 1.56 2,347
    2021-07-01 $595,000 (13.3%) $858,998 (19.3%) 1.57 2,781
    2021-08-01 $585,000 (11.4%) $859,295 (13.9%) 1.56 2,960
    2021-09-01 $589,000 (9.1%) $860,115 (2.1%) 1.57 2,956
    2021-10-01 $594,200 (9.0%) $872,687 (7.9%) 1.58 2,928
    2021-11-01 $592,450 (7.5%) $907,471 (6.7%) 1.58 2,398
    2021-12-01 $597,000 (8.7%) $926,201 (4.4%) 1.62 1,766
    2022-01-01 $619,900 (9.7%) $944,041 (-1.7%) 1.68 1,475
    2022-02-01 $628,250 (14.2%) $938,074 (-1.2%) 1.63 1,532
    2022-03-01 $629,450 (15.0%) $902,169 (-0.6%) 1.58 1,767
    2022-04-01 $649,000 (13.0%) $898,221 (-3.6%) 1.55 2,105
    2022-05-01 $649,500 (11.0%) $906,068 (1.7%) 1.48 3,073
    2022-06-01 $643,500 (8.4%) $885,829 (2.0%) 1.43 3,805
    2022-07-01 $629,900 (5.9%) $886,138 (3.2%) 1.42 4,655
    2022-08-01 $614,700 (5.1%) $913,346 (6.3%) 1.42 4,757
    2022-09-01 $600,000 (1.9%) $855,094 (-0.6%) 1.40 4,476
    2022-10-01 $599,000 (0.8%) $835,557 (-4.3%) 1.41 4,374
    2022-11-01 $589,995 (-0.4%) $836,290 (-7.8%) 1.42 3,987
    2022-12-01 $587,450 (-1.6%) $852,272 (-8.0%) 1.45 3,212
    2023-01-01 $594,625 (-4.1%) $861,508 (-8.7%) 1.47 2,647
    2023-02-01 $606,442 (-3.5%) $892,596 (-4.9%) 1.46 2,265
    2023-03-01 $627,000 (-0.4%) $923,724 (2.4%) 1.48 2,024
    2023-04-01 $660,000 (1.7%) $939,529 (4.6%) 1.53 1,943
    2023-05-01 $662,875 (2.1%) $927,854 (2.4%) 1.50 2,234
    2023-06-01 $679,322 (5.6%) $1,013,620 (14.4%) 1.53 2,535
    2023-07-01 $675,993 (7.3%) $1,052,697 (18.8%) 1.54 2,789
    2023-08-01 $672,473 (9.4%) $1,033,280 (13.1%) 1.54 2,885
    2023-09-01 $650,000 (8.3%) $1,009,080 (18.0%) 1.51 2,952
    2023-10-01 $649,000 (8.4%) $990,303 (18.5%) 1.53 3,063
    2023-11-01 $632,000 (7.1%) $987,568 (18.1%) 1.50 2,969
    2023-12-01 $625,000 (6.4%) $1,034,322 (21.4%) 1.52 2,585
    2024-01-01 $629,995 (6.0%) $1,022,302 (18.7%) 1.54 2,131
    2024-02-01 $633,034 (4.4%) $1,015,026 (13.7%) 1.52 2,103
    2024-03-01 $635,000 (1.3%) $974,251 (5.5%) 1.49 2,365
    Sacramento's median listing price for 2024-03-01 was $635,000, a difference of $8,000 (1.3%) versus the prior year and $1,966 versus the prior month.

    Sacramento's median listing price comes in at 149% of the national average.

    Sacramento's average listing price for 2024-03-01 was $974,251, a difference of $50,527 (5.5%) versus the prior year and $-40,775 versus the prior month.

    For the 2024-03-01 period, Sacramento had 2,365 MLS listings, a difference of 262 listings (12%) versus the prior month and 341 listings (17%) 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 52 days 1,836 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 1,900 sqft
    2018-06-01 33 days 1,892 sqft
    2018-07-01 37 days 1,870 sqft
    2018-08-01 38 days 1,866 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 1,835 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 1,926 sqft
    2019-05-01 35 days 1,939 sqft
    2019-06-01 37 days 1,998 sqft
    2019-07-01 43 days 1,977 sqft
    2019-08-01 47 days 1,963 sqft
    2019-09-01 52 days 1,938 sqft
    2019-10-01 57 days 1,929 sqft
    2019-11-01 61 days 1,924 sqft
    2019-12-01 73 days 1,948 sqft
    2020-01-01 68 days 1,921 sqft
    2020-02-01 43 days 1,924 sqft
    2020-03-01 41 days 1,946 sqft
    2020-04-01 43 days 1,914 sqft
    2020-05-01 49 days 1,950 sqft
    2020-06-01 46 days 1,959 sqft
    2020-07-01 50 days 1,939 sqft
    2020-08-01 36 days 1,931 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 1,820 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 1,755 sqft
    2022-01-01 40 days 1,797 sqft
    2022-02-01 25 days 1,800 sqft
    2022-03-01 24 days 1,815 sqft
    2022-04-01 24 days 1,849 sqft
    2022-05-01 24 days 1,847 sqft
    2022-06-01 29 days 1,841 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 1,810 sqft
    2022-11-01 51 days 1,807 sqft
    2022-12-01 63 days 1,811 sqft
    2023-01-01 67 days 1,827 sqft
    2023-02-01 51 days 1,859 sqft
    2023-03-01 43 days 1,905 sqft
    2023-04-01 35 days 1,997 sqft
    2023-05-01 31 days 1,981 sqft
    2023-06-01 33 days 2,011 sqft
    2023-07-01 36 days 1,993 sqft
    2023-08-01 37 days 1,967 sqft
    2023-09-01 37 days 1,931 sqft
    2023-10-01 42 days 1,900 sqft
    2023-11-01 45 days 1,870 sqft
    2023-12-01 52 days 1,851 sqft
    2024-01-01 55 days 1,883 sqft
    2024-02-01 39 days 1,879 sqft
    2024-03-01 36 days 1,876 sqft
    Sacramento's median listing age (time on market) for 2024-03-01 was 36 days. This is -15% shorter than the same period one year ago.

    Sacramento's median square footage for active listings during the 2024-03-01 period was 1,876 sqft. One year prior, the average listing was 1,905 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.