Salinas VA Loan Rates, Closing Costs & Stats

SALINAS, 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.

    Salinas's 34 lenders originated 118 VA loans during 2024. The total origination value was $88,760,000, with an average VA loan value of $752,203.

    Salinas VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Salinas averaged 6.25% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Salinas's average VA mortgage closing costs are $8,898.

    The average rate for the prior week (2025-03-28) was 6.67% and one month ago for the week of 2025-02-28, the average rate was 6.74%.

    The average rate one year ago was 6.95%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.07%.

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

    Salinas 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 Salinas level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 24 5.87% $11,596
    QUICKEN LOANS, LLC 11 5.94% $13,871
    CROSSCOUNTRY MORTGAGE, LLC 11 5.90% $19,348
    GUARANTEED RATE, INC. 10 5.81% $8,956
    Mortgage Research Center, LLC 7 6.30% $12,352
    FREEDOM MORTGAGE CORPORATION 5 6.10% $15,641
    LOANDEPOT.COM, LLC 5 5.75% $6,603
    PREMIER MORTGAGE RESOURCES, L.L.C. 4 6.25% $6,729
    PENNYMAC LOAN SERVICES, LLC 3 5.58% $10,291
    NEWREZ LLC 3 5.88% $11,357
    Performance Financial, Inc. 2 6.56% $5,437
    GUARANTEED RATE AFFINITY, LLC 2 6.31% $9,914
    BROKER SOLUTIONS, INC. 2 6.44% $19,090
    SUMMIT FUNDING, INC. 2 6.25% $7,143
    NAVY FEDERAL CREDIT UNION 2 5.63% $4,865
    TOP FLITE FINANCIAL, INC. 1 6.75% $695
    USAA Federal Savings Bank 1 6.63% $16,592
    U.S. Bank 1 6.25% $4,741
    American Mortgage & Equity Consultants, Inc. 1 6.25% $15,148
    VILLAGE CAPITAL MORTGAGE 1 5.75% $23,239
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $31,193
    BAY-VALLEY MORTGAGE GROUP 1 6.13% $16,270
    CMG MORTGAGE, INC. 1 5.88% $9,966
    Commerce Home Mortgage, Inc. 1 6.63% $9,970
    DIGNIFIED HOME LOANS, LLC 1 6.99% $18,160
    Flagstar Bank, FSB 1 5.68% $0
    INTELLILOAN, INC. 1 5.62% $700
    NBKC BANK 1 5.63% $3,498
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $4,209
    Pacific Lending LLC 1 6.13% $24,647
    Paramount Residential Mortgage Group, Inc. 1 5.63% $6,593
    S1L, Inc. 1 6.25% $46,579
    Sierra Pacific Mortgage Company, Inc. 1 5.75% $23,680
    The Federal Savings Bank 1 6.75% $17,969

    The top Salinas VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 24 VA loans originated. Their average total fees are $11,596, which is $2,275 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Salinas VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($8,956), UNITED WHOLESALE MORTGAGE, LLC ($11,596), QUICKEN LOANS, LLC ($13,871), CROSSCOUNTRY MORTGAGE, LLC ($19,348) and .

    The lowest rate Salinas VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. (5.81%), UNITED WHOLESALE MORTGAGE, LLC (5.87%), CROSSCOUNTRY MORTGAGE, LLC (5.90%), QUICKEN LOANS, LLC (5.94%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Salinas (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 $931,050 (7.4%) $2,034,492 (9.8%) 3.45 557
    2018-02-01 $995,000 (9.1%) $2,070,744 (-1.0%) 3.61 573
    2018-03-01 $984,500 (6.2%) $1,967,445 (-7.1%) 3.45 613
    2018-04-01 $936,450 (-0.3%) $2,069,506 (1.3%) 3.17 655
    2018-05-01 $955,500 (2.5%) $2,063,554 (3.6%) 3.19 672
    2018-06-01 $975,000 (2.6%) $2,110,917 (2.9%) 3.25 676
    2018-07-01 $935,451 (-2.5%) $1,970,267 (-4.0%) 3.12 737
    2018-08-01 $886,000 (-6.7%) $2,002,435 (-0.9%) 2.97 762
    2018-09-01 $892,500 (-5.6%) $2,022,100 (1.3%) 3.00 797
    2018-10-01 $862,175 (-7.6%) $1,945,527 (-0.1%) 2.92 818
    2018-11-01 $851,694 (-9.6%) $1,935,578 (0.4%) 2.89 805
    2018-12-01 $869,500 (-7.5%) $1,949,092 (-2.5%) 3.00 740
    2019-01-01 $854,750 (-8.2%) $1,991,187 (-2.1%) 2.95 656
    2019-02-01 $910,000 (-8.5%) $2,045,070 (-1.2%) 3.07 690
    2019-03-01 $937,857 (-4.7%) $2,051,776 (4.3%) 3.07 702
    2019-04-01 $992,000 (5.9%) $2,075,899 (0.3%) 3.15 710
    2019-05-01 $996,750 (4.3%) $2,020,378 (-2.1%) 3.12 734
    2019-06-01 $1,095,000 (12.3%) $2,157,119 (2.2%) 3.42 793
    2019-07-01 $1,115,000 (19.2%) $2,156,219 (9.4%) 3.49 803
    2019-08-01 $1,161,364 (31.1%) $2,221,273 (10.9%) 3.68 806
    2019-09-01 $1,140,909 (27.8%) $2,148,596 (6.3%) 3.65 803
    2019-10-01 $1,124,750 (30.5%) $2,084,645 (7.2%) 3.63 796
    2019-11-01 $1,098,000 (28.9%) $2,113,554 (9.2%) 3.60 718
    2019-12-01 $1,000,000 (15.0%) $2,107,268 (8.1%) 3.33 611
    2020-01-01 $999,999 (17.0%) $2,044,437 (2.7%) 3.34 529
    2020-02-01 $1,150,000 (26.4%) $2,245,289 (9.8%) 3.76 556
    2020-03-01 $1,137,000 (21.2%) $2,194,233 (6.9%) 3.56 578
    2020-04-01 $1,089,000 (9.8%) $2,115,161 (1.9%) 3.41 585
    2020-05-01 $995,000 (-0.2%) $2,025,381 (0.3%) 3.02 640
    2020-06-01 $1,066,750 (-2.6%) $2,135,686 (-1.0%) 3.14 594
    2020-07-01 $1,192,250 (6.9%) $2,256,238 (4.6%) 3.46 503
    2020-08-01 $1,290,000 (11.1%) $2,473,904 (11.4%) 3.70 438
    2020-09-01 $1,296,500 (13.6%) $2,539,168 (18.2%) 3.71 412
    2020-10-01 $1,295,000 (15.1%) $2,568,295 (23.2%) 3.71 402
    2020-11-01 $1,345,250 (22.5%) $2,609,349 (23.5%) 3.93 387
    2020-12-01 $1,328,250 (32.8%) $2,782,940 (32.1%) 3.95 347
    2021-01-01 $1,295,000 (29.5%) $2,871,440 (40.5%) 3.87 316
    2021-02-01 $1,271,200 (10.5%) $2,891,331 (28.8%) 3.70 298
    2021-03-01 $1,293,500 (13.8%) $2,899,752 (32.2%) 3.67 274
    2021-04-01 $1,192,500 (9.5%) $2,730,254 (29.1%) 3.23 286
    2021-05-01 $1,199,000 (20.5%) $2,665,909 (31.6%) 3.19 286
    2021-06-01 $1,174,500 (10.1%) $2,549,472 (19.4%) 3.09 307
    2021-07-01 $1,125,000 (-5.6%) $2,582,685 (14.5%) 2.97 317
    2021-08-01 $1,199,250 (-7.0%) $2,789,901 (12.8%) 3.20 346
    2021-09-01 $1,149,000 (-11.4%) $2,687,940 (5.9%) 3.06 332
    2021-10-01 $1,099,500 (-15.1%) $2,707,348 (5.4%) 2.93 326
    2021-11-01 $1,072,500 (-20.3%) $2,665,995 (2.2%) 2.87 266
    2021-12-01 $1,030,500 (-22.4%) $2,785,968 (0.1%) 2.79 209
    2022-01-01 $1,099,000 (-15.1%) $3,111,250 (8.4%) 2.97 173
    2022-02-01 $1,017,500 (-20.0%) $2,880,408 (-0.4%) 2.65 196
    2022-03-01 $1,099,500 (-15.0%) $2,850,103 (-1.7%) 2.75 205
    2022-04-01 $995,000 (-16.6%) $2,535,232 (-7.1%) 2.37 270
    2022-05-01 $949,500 (-20.8%) $2,418,675 (-9.3%) 2.17 325
    2022-06-01 $998,900 (-15.0%) $2,391,296 (-6.2%) 2.22 367
    2022-07-01 $998,900 (-11.2%) $2,306,391 (-10.7%) 2.25 411
    2022-08-01 $989,666 (-17.5%) $2,356,382 (-15.5%) 2.29 455
    2022-09-01 $961,200 (-16.3%) $2,391,513 (-11.0%) 2.25 441
    2022-10-01 $899,990 (-18.2%) $2,322,467 (-14.2%) 2.12 421
    2022-11-01 $918,500 (-14.4%) $2,284,580 (-14.3%) 2.21 425
    2022-12-01 $944,500 (-8.4%) $2,392,096 (-14.1%) 2.33 354
    2023-01-01 $974,500 (-11.3%) $2,440,474 (-21.6%) 2.41 325
    2023-02-01 $1,233,500 (21.2%) $2,715,315 (-5.7%) 2.98 303
    2023-03-01 $1,249,500 (13.6%) $2,705,511 (-5.1%) 2.95 296
    2023-04-01 $1,300,000 (30.7%) $2,738,616 (8.0%) 3.02 273
    2023-05-01 $1,397,500 (47.2%) $2,758,903 (14.1%) 3.17 304
    2023-06-01 $1,399,749 (40.1%) $2,634,036 (10.2%) 3.15 315
    2023-07-01 $1,395,000 (39.7%) $2,512,836 (9.0%) 3.17 339
    2023-08-01 $1,399,000 (41.4%) $2,597,331 (10.2%) 3.21 378
    2023-09-01 $1,300,000 (35.3%) $2,498,010 (4.5%) 3.03 363
    2023-10-01 $1,262,250 (40.3%) $2,537,179 (9.2%) 2.97 362
    2023-11-01 $1,242,000 (35.2%) $2,516,854 (10.2%) 2.96 370
    2023-12-01 $1,196,500 (26.7%) $2,500,363 (4.5%) 2.92 343
    2024-01-01 $1,230,750 (26.3%) $2,791,654 (14.4%) 3.01 295
    2024-02-01 $1,229,892 (-0.3%) $2,755,060 (1.5%) 2.96 307
    2024-03-01 $1,299,495 (4.0%) $2,657,472 (-1.8%) 3.06 316
    2024-04-01 $1,355,000 (4.2%) $2,670,163 (-2.5%) 3.15 358
    2024-05-01 $1,358,971 (-2.8%) $2,609,293 (-5.4%) 3.09 399
    2024-06-01 $1,299,000 (-7.2%) $2,501,514 (-5.0%) 2.95 447
    2024-07-01 $1,318,750 (-5.5%) $2,590,531 (3.1%) 3.02 491
    2024-08-01 $1,298,000 (-7.2%) $2,589,534 (-0.3%) 3.02 509
    2024-09-01 $1,285,000 (-1.2%) $2,488,792 (-0.4%) 3.02 518
    2024-10-01 $1,298,250 (2.9%) $2,537,918 (0.0%) 3.06 505
    2024-11-01 $1,292,000 (4.0%) $2,631,682 (4.6%) 3.10 482
    2024-12-01 $1,286,500 (7.5%) $2,546,947 (1.9%) 3.20 416
    2025-01-01 $1,297,000 (5.4%) $2,731,486 (-2.2%) 3.24 379
    2025-02-01 $1,297,000 (5.5%) $2,766,129 (0.4%) 3.15 388
    2025-03-01 $1,289,000 (-0.8%) $2,616,653 (-1.5%) 0.00 409
    Salinas's median listing price for 2025-03-01 was $1,289,000, a difference of $-10,495 (-0.8%) versus the prior year and $-8,000 versus the prior month.

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

    Salinas's average listing price for 2025-03-01 was $2,616,653, a difference of $-40,819 (-1.5%) versus the prior year and $-149,476 versus the prior month.

    For the 2025-03-01 period, Salinas had 409 MLS listings, a difference of 21 listings (5%) versus the prior month and 93 listings (29%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Salinas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 83 days 2,020 sqft
    2018-02-01 62 days 2,026 sqft
    2018-03-01 47 days 1,991 sqft
    2018-04-01 51 days 1,984 sqft
    2018-05-01 52 days 1,963 sqft
    2018-06-01 55 days 1,976 sqft
    2018-07-01 55 days 1,948 sqft
    2018-08-01 57 days 1,937 sqft
    2018-09-01 57 days 1,941 sqft
    2018-10-01 60 days 1,937 sqft
    2018-11-01 69 days 1,906 sqft
    2018-12-01 80 days 1,843 sqft
    2019-01-01 87 days 1,801 sqft
    2019-02-01 75 days 1,855 sqft
    2019-03-01 60 days 1,902 sqft
    2019-04-01 57 days 1,974 sqft
    2019-05-01 59 days 2,012 sqft
    2019-06-01 59 days 2,095 sqft
    2019-07-01 63 days 2,101 sqft
    2019-08-01 67 days 2,129 sqft
    2019-09-01 75 days 2,126 sqft
    2019-10-01 80 days 2,124 sqft
    2019-11-01 88 days 2,164 sqft
    2019-12-01 99 days 2,147 sqft
    2020-01-01 92 days 2,109 sqft
    2020-02-01 65 days 2,127 sqft
    2020-03-01 53 days 2,126 sqft
    2020-04-01 65 days 2,081 sqft
    2020-05-01 72 days 2,070 sqft
    2020-06-01 76 days 2,111 sqft
    2020-07-01 61 days 2,114 sqft
    2020-08-01 56 days 2,160 sqft
    2020-09-01 57 days 2,148 sqft
    2020-10-01 57 days 2,155 sqft
    2020-11-01 59 days 2,152 sqft
    2020-12-01 59 days 2,185 sqft
    2021-01-01 59 days 2,133 sqft
    2021-02-01 60 days 2,085 sqft
    2021-03-01 52 days 2,034 sqft
    2021-04-01 51 days 1,991 sqft
    2021-05-01 40 days 1,965 sqft
    2021-06-01 41 days 2,005 sqft
    2021-07-01 39 days 1,978 sqft
    2021-08-01 39 days 1,941 sqft
    2021-09-01 40 days 1,935 sqft
    2021-10-01 47 days 1,876 sqft
    2021-11-01 52 days 1,879 sqft
    2021-12-01 73 days 1,798 sqft
    2022-01-01 57 days 1,842 sqft
    2022-02-01 26 days 1,800 sqft
    2022-03-01 30 days 1,936 sqft
    2022-04-01 26 days 1,808 sqft
    2022-05-01 26 days 1,757 sqft
    2022-06-01 31 days 1,815 sqft
    2022-07-01 37 days 1,838 sqft
    2022-08-01 42 days 1,807 sqft
    2022-09-01 47 days 1,848 sqft
    2022-10-01 51 days 1,833 sqft
    2022-11-01 59 days 1,815 sqft
    2022-12-01 71 days 1,862 sqft
    2023-01-01 79 days 1,855 sqft
    2023-02-01 60 days 1,910 sqft
    2023-03-01 47 days 1,915 sqft
    2023-04-01 45 days 1,887 sqft
    2023-05-01 39 days 1,959 sqft
    2023-06-01 39 days 1,996 sqft
    2023-07-01 41 days 2,005 sqft
    2023-08-01 46 days 2,006 sqft
    2023-09-01 46 days 1,992 sqft
    2023-10-01 53 days 1,910 sqft
    2023-11-01 57 days 1,868 sqft
    2023-12-01 63 days 1,854 sqft
    2024-01-01 67 days 1,895 sqft
    2024-02-01 62 days 1,874 sqft
    2024-03-01 50 days 1,928 sqft
    2024-04-01 40 days 1,941 sqft
    2024-05-01 41 days 1,962 sqft
    2024-06-01 46 days 1,882 sqft
    2024-07-01 47 days 1,901 sqft
    2024-08-01 53 days 1,872 sqft
    2024-09-01 57 days 1,872 sqft
    2024-10-01 61 days 1,900 sqft
    2024-11-01 64 days 1,862 sqft
    2024-12-01 75 days 1,826 sqft
    2025-01-01 81 days 1,833 sqft
    2025-02-01 61 days 1,865 sqft
    2025-03-01 0 days 1,800 sqft
    Salinas's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Salinas's median square footage for active listings during the 2025-03-01 period was 1,800 sqft. One year prior, the average listing was 1,928 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.