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 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
0.49%
for the week of 2023-01-20, compared to the national average (all VA variants) of
0% for the same period.
Sacramento's average VA mortgage closing costs are $6,756.
The average rate for the prior week (2023-01-13) was
6.17% and
one month ago for the week of 2022-12-16, the
average rate was 6.24%.
The average rate one year ago was 3.55%.
For refis of the same type during the week of 2023-01-20, the average rate
was -0.11%.
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
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 MORTGAGE (2.22%), Low VA Rates, LLC (2.28%), NP, Inc. (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 | $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%) | $667,296 (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 | $448,950 (2.1%) | $624,030 (-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%) | $660,381 (-0.1%) | 1.56 | 4,273 |
| 2019-04-01 | $487,000 (3.6%) | $662,279 (-0.8%) | 1.55 | 4,491 |
| 2019-05-01 | $492,500 (3.7%) | $661,524 (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%) | $679,487 (3.3%) | 1.56 | 5,844 |
| 2019-08-01 | $495,695 (7.8%) | $678,338 (4.8%) | 1.57 | 5,801 |
| 2019-09-01 | $489,679 (8.8%) | $676,531 (7.0%) | 1.57 | 5,689 |
| 2019-10-01 | $485,668 (8.1%) | $676,974 (7.5%) | 1.57 | 5,530 |
| 2019-11-01 | $488,250 (8.8%) | $685,683 (9.9%) | 1.60 | 4,834 |
| 2019-12-01 | $495,000 (10.1%) | $764,052 (21.8%) | 1.65 | 3,686 |
| 2020-01-01 | $492,475 (9.4%) | $706,407 (10.4%) | 1.65 | 3,267 |
| 2020-02-01 | $499,000 (8.0%) | $711,691 (9.4%) | 1.63 | 3,243 |
| 2020-03-01 | $507,000 (6.4%) | $691,934 (4.8%) | 1.59 | 3,553 |
| 2020-04-01 | $499,132 (2.5%) | $676,746 (2.2%) | 1.56 | 3,985 |
| 2020-05-01 | $507,989 (3.1%) | $695,034 (5.1%) | 1.54 | 4,194 |
| 2020-06-01 | $517,000 (3.0%) | $703,092 (2.7%) | 1.52 | 3,947 |
| 2020-07-01 | $525,000 (5.1%) | $720,256 (6.0%) | 1.52 | 3,337 |
| 2020-08-01 | $525,000 (5.9%) | $754,697 (11.3%) | 1.50 | 2,951 |
| 2020-09-01 | $539,950 (10.3%) | $842,337 (24.5%) | 1.55 | 2,939 |
| 2020-10-01 | $545,000 (12.2%) | $808,631 (19.5%) | 1.56 | 2,897 |
| 2020-11-01 | $551,940 (13.0%) | $850,301 (24.0%) | 1.61 | 2,562 |
| 2020-12-01 | $549,000 (10.9%) | $886,782 (16.1%) | 1.63 | 1,999 |
| 2021-01-01 | $567,000 (15.1%) | $960,346 (36.0%) | 1.69 | 1,583 |
| 2021-02-01 | $550,000 (10.2%) | $949,396 (33.4%) | 1.60 | 1,569 |
| 2021-03-01 | $547,450 (8.0%) | $907,021 (31.1%) | 1.55 | 1,682 |
| 2021-04-01 | $574,725 (15.1%) | $932,006 (37.7%) | 1.56 | 1,888 |
| 2021-05-01 | $585,010 (15.2%) | $890,889 (28.2%) | 1.55 | 2,018 |
| 2021-06-01 | $593,500 (14.8%) | $868,951 (23.6%) | 1.56 | 2,348 |
| 2021-07-01 | $595,888 (13.5%) | $859,665 (19.4%) | 1.57 | 2,781 |
| 2021-08-01 | $585,725 (11.6%) | $859,589 (13.9%) | 1.56 | 2,958 |
| 2021-09-01 | $589,000 (9.1%) | $860,191 (2.1%) | 1.57 | 2,955 |
| 2021-10-01 | $594,200 (9.0%) | $872,881 (8.0%) | 1.58 | 2,928 |
| 2021-11-01 | $592,498 (7.4%) | $907,524 (6.7%) | 1.58 | 2,400 |
| 2021-12-01 | $597,000 (8.7%) | $926,203 (4.5%) | 1.62 | 1,768 |
| 2022-01-01 | $619,900 (9.3%) | $943,888 (-1.7%) | 1.68 | 1,477 |
| 2022-02-01 | $628,250 (14.2%) | $938,006 (-1.2%) | 1.63 | 1,533 |
| 2022-03-01 | $629,500 (15.0%) | $902,729 (-0.5%) | 1.58 | 1,768 |
| 2022-04-01 | $649,000 (12.9%) | $898,999 (-3.5%) | 1.55 | 2,107 |
| 2022-05-01 | $649,498 (11.0%) | $905,885 (1.7%) | 1.48 | 3,073 |
| 2022-06-01 | $643,322 (8.4%) | $885,673 (1.9%) | 1.43 | 3,805 |
| 2022-07-01 | $629,900 (5.7%) | $885,948 (3.1%) | 1.43 | 4,655 |
| 2022-08-01 | $614,800 (5.0%) | $912,423 (6.2%) | 1.42 | 4,757 |
| 2022-09-01 | $600,000 (1.9%) | $854,119 (-0.7%) | 1.40 | 4,476 |
| 2022-10-01 | $599,000 (0.8%) | $835,059 (-4.3%) | 1.41 | 4,374 |
| 2022-11-01 | $589,975 (-0.4%) | $836,485 (-7.8%) | 1.42 | 3,988 |
| 2022-12-01 | $585,000 (-2.0%) | $847,093 (-8.5%) | 1.46 | 3,262 |
Sacramento's median listing price comes in at 146% of the national average.
Sacramento's average listing price for 2022-12-01 was $847,093, a difference of $-79,110 (-8.5%) versus the prior year and $10,608 versus the prior month.
For the 2022-12-01 period, Sacramento had 3,262 MLS listings, a difference of -726 listings (-18%) versus the prior month and 1,494 listings (85%) 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 | 54 days | 1,837 sqft |
| 2018-02-01 | 37 days | 1,875 sqft |
| 2018-03-01 | 35 days | 1,889 sqft |
| 2018-04-01 | 33 days | 1,893 sqft |
| 2018-05-01 | 31 days | 1,902 sqft |
| 2018-06-01 | 35 days | 1,892 sqft |
| 2018-07-01 | 37 days | 1,870 sqft |
| 2018-08-01 | 39 days | 1,867 sqft |
| 2018-09-01 | 42 days | 1,838 sqft |
| 2018-10-01 | 47 days | 1,835 sqft |
| 2018-11-01 | 51 days | 1,843 sqft |
| 2018-12-01 | 58 days | 1,835 sqft |
| 2019-01-01 | 64 days | 1,839 sqft |
| 2019-02-01 | 51 days | 1,860 sqft |
| 2019-03-01 | 42 days | 1,898 sqft |
| 2019-04-01 | 38 days | 1,926 sqft |
| 2019-05-01 | 36 days | 1,939 sqft |
| 2019-06-01 | 38 days | 2,000 sqft |
| 2019-07-01 | 44 days | 1,977 sqft |
| 2019-08-01 | 48 days | 1,964 sqft |
| 2019-09-01 | 53 days | 1,939 sqft |
| 2019-10-01 | 58 days | 1,929 sqft |
| 2019-11-01 | 64 days | 1,924 sqft |
| 2019-12-01 | 77 days | 1,948 sqft |
| 2020-01-01 | 70 days | 1,921 sqft |
| 2020-02-01 | 45 days | 1,925 sqft |
| 2020-03-01 | 43 days | 1,946 sqft |
| 2020-04-01 | 44 days | 1,914 sqft |
| 2020-05-01 | 51 days | 1,950 sqft |
| 2020-06-01 | 49 days | 1,959 sqft |
| 2020-07-01 | 52 days | 1,940 sqft |
| 2020-08-01 | 38 days | 1,930 sqft |
| 2020-09-01 | 36 days | 1,925 sqft |
| 2020-10-01 | 36 days | 1,913 sqft |
| 2020-11-01 | 39 days | 1,903 sqft |
| 2020-12-01 | 45 days | 1,876 sqft |
| 2021-01-01 | 49 days | 1,890 sqft |
| 2021-02-01 | 32 days | 1,832 sqft |
| 2021-03-01 | 27 days | 1,795 sqft |
| 2021-04-01 | 27 days | 1,858 sqft |
| 2021-05-01 | 28 days | 1,833 sqft |
| 2021-06-01 | 26 days | 1,820 sqft |
| 2021-07-01 | 28 days | 1,808 sqft |
| 2021-08-01 | 31 days | 1,793 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 | 44 days | 1,755 sqft |
| 2022-01-01 | 41 days | 1,799 sqft |
| 2022-02-01 | 25 days | 1,801 sqft |
| 2022-03-01 | 25 days | 1,814 sqft |
| 2022-04-01 | 25 days | 1,849 sqft |
| 2022-05-01 | 24 days | 1,847 sqft |
| 2022-06-01 | 29 days | 1,839 sqft |
| 2022-07-01 | 32 days | 1,829 sqft |
| 2022-08-01 | 39 days | 1,803 sqft |
| 2022-09-01 | 45 days | 1,820 sqft |
| 2022-10-01 | 47 days | 1,809 sqft |
| 2022-11-01 | 51 days | 1,806 sqft |
| 2022-12-01 | 64 days | 1,808 sqft |
Sacramento's median square footage for active listings during the 2022-12-01 period was 1,808 sqft. One year prior, the average listing was 1,755 sqft.