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 5.72% for the week of 2024-10-04, compared to the national average (all VA variants) of 5.596% for the same period.

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

The average rate for the prior week (2024-09-27) was 5.64% and one month ago for the week of 2024-08-30, the average rate was 5.87%.

The average rate one year ago was 7.1%.

For refis of the same type during the week of 2024-10-04, the average rate was 5.71%.

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
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%) 0.00 4,399
Sacramento's median listing price for 2024-09-01 was $635,000, a difference of $-15,000 (-2.3%) versus the prior year and $-5,000 versus the prior month.

Sacramento's median listing price comes in at 0% of the national average.

Sacramento's average listing price for 2024-09-01 was $948,519, a difference of $-60,561 (-6.0%) versus the prior year and $-14,404 versus the prior month.

For the 2024-09-01 period, Sacramento had 4,399 MLS listings, a difference of 116 listings (3%) versus the prior month and 1,447 listings (49%) 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 1,992 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 0 days 1,847 sqft
Sacramento's median listing age (time on market) for 2024-09-01 was 0 days. This is -100% shorter than the same period one year ago.

Sacramento's median square footage for active listings during the 2024-09-01 period was 1,847 sqft. One year prior, the average listing was 1,931 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.