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 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
6.3%
for the week of 2024-12-13, compared to the national average (all VA variants) of
6.077% for the same period.
Sacramento's average VA mortgage closing costs are $7,466.
The average rate for the prior week (2024-12-06) was
5.93% and
one month ago for the week of 2024-11-08, the
average rate was 6.43%.
The average rate one year ago was 6.48%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.29%.
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
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. LouisDate | 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 |
2024-04-01 | $649,750 (-1.6%) | $956,427 (1.8%) | 1.51 | 2,763 |
2024-05-01 | $673,417 (1.6%) | $991,893 (6.9%) | 1.52 | 3,266 |
2024-06-01 | $679,000 (-0.1%) | $1,004,800 (-0.9%) | 1.53 | 3,698 |
2024-07-01 | $649,500 (-3.9%) | $979,135 (-7.0%) | 1.48 | 4,131 |
2024-08-01 | $640,000 (-4.8%) | $962,923 (-6.8%) | 1.49 | 4,283 |
2024-09-01 | $635,000 (-2.3%) | $948,519 (-6.0%) | 1.49 | 4,399 |
2024-10-01 | $627,250 (-3.4%) | $931,020 (-6.0%) | 1.48 | 4,382 |
2024-11-01 | $615,000 (-2.7%) | $890,484 (-9.8%) | 1.48 | 4,138 |
Sacramento's median listing price comes in at 148% of the national average.
Sacramento's average listing price for 2024-11-01 was $890,484, a difference of $-97,084 (-9.8%) versus the prior year and $-40,536 versus the prior month.
For the 2024-11-01 period, Sacramento had 4,138 MLS listings, a difference of -244 listings (-6%) versus the prior month and 1,169 listings (39%) 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 | 1,836 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 | 1,992 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 | 1,880 sqft |
2024-03-01 | 36 days | 1,876 sqft |
2024-04-01 | 32 days | 1,887 sqft |
2024-05-01 | 29 days | 1,939 sqft |
2024-06-01 | 33 days | 1,938 sqft |
2024-07-01 | 40 days | 1,886 sqft |
2024-08-01 | 44 days | 1,872 sqft |
2024-09-01 | 44 days | 1,847 sqft |
2024-10-01 | 47 days | 1,831 sqft |
2024-11-01 | 51 days | 1,812 sqft |
Sacramento's median square footage for active listings during the 2024-11-01 period was 1,812 sqft. One year prior, the average listing was 1,870 sqft.