San Diego VA Loan Rates, Closing Costs & Stats
SAN DIEGO-CHULA VISTA-CARLSBAD, 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.
San Diego's 192 lenders originated 7,031 VA loans during 2022. The total origination value was $4,717,015,000, with an average VA loan value of $670,888.
San Diego VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in San Diego
averaged
5.75%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
San Diego's average VA mortgage closing costs are $8,902.
The average rate for the prior week (2023-05-19) was
5.78% and
one month ago for the week of 2023-04-21, the
average rate was 5.7%.
The average rate one year ago was 4.77%.
For refis of the same type during the week of 2023-05-26, the average rate
was 4.92%.
San Diego 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 San Diego level.
The top San Diego VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
1,636 VA loans originated. Their average total fees are
$15,065, which is $437
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee San Diego VA lenders (with over 10 loans originated) are
FRONTWAVE ($9,087), Strong Home Mortgage, LLC ($9,302), INTERCAP LENDING INC. ($10,449), PENTAGON FEDERAL CREDIT UNION ($10,670) and Wells Fargo Bank ($10,796).
The lowest rate San Diego VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC (2.99%), Strong Home Mortgage, LLC (3.14%), PENTAGON FEDERAL CREDIT UNION (3.16%), DHI MORTGAGE COMPANY, LTD. (3.18%) and PENNYMAC LOAN SERVICES, LLC (3.25%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - San Diego (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 | $679,450 (5.0%) | $1,222,393 (0.5%) | 2.52 | 4,269 |
| 2018-02-01 | $693,299 (3.9%) | $1,240,565 (-1.5%) | 2.52 | 4,506 |
| 2018-03-01 | $699,000 (3.2%) | $1,243,847 (-0.9%) | 2.45 | 4,932 |
| 2018-04-01 | $699,900 (0.1%) | $1,226,489 (-3.8%) | 2.37 | 5,569 |
| 2018-05-01 | $704,337 (0.6%) | $1,226,065 (-3.9%) | 2.35 | 5,987 |
| 2018-06-01 | $710,000 (1.4%) | $1,213,368 (-3.0%) | 2.37 | 6,377 |
| 2018-07-01 | $699,000 (0.0%) | $1,184,991 (-4.5%) | 2.33 | 6,978 |
| 2018-08-01 | $684,500 (-0.7%) | $1,161,104 (-4.9%) | 2.29 | 7,490 |
| 2018-09-01 | $675,990 (-0.4%) | $1,113,534 (-7.9%) | 2.27 | 7,777 |
| 2018-10-01 | $669,000 (-0.8%) | $1,088,623 (-9.4%) | 2.27 | 7,879 |
| 2018-11-01 | $659,950 (-0.8%) | $1,076,657 (-11.2%) | 2.24 | 7,805 |
| 2018-12-01 | $659,000 (-3.0%) | $1,087,930 (-13.0%) | 2.27 | 6,539 |
| 2019-01-01 | $659,500 (-2.9%) | $1,085,113 (-11.2%) | 2.28 | 6,330 |
| 2019-02-01 | $669,200 (-3.5%) | $1,108,895 (-10.6%) | 2.26 | 6,366 |
| 2019-03-01 | $689,000 (-1.4%) | $1,181,930 (-5.0%) | 2.30 | 6,348 |
| 2019-04-01 | $700,225 (0.1%) | $1,175,833 (-4.1%) | 2.22 | 6,406 |
| 2019-05-01 | $717,000 (1.8%) | $1,166,267 (-4.9%) | 2.24 | 6,801 |
| 2019-06-01 | $720,000 (1.4%) | $1,210,819 (-0.2%) | 2.25 | 6,899 |
| 2019-07-01 | $712,250 (1.9%) | $1,192,899 (0.7%) | 2.23 | 7,001 |
| 2019-08-01 | $739,900 (8.1%) | $1,227,803 (5.7%) | 2.32 | 6,799 |
| 2019-09-01 | $754,450 (11.6%) | $1,299,275 (16.7%) | 2.38 | 5,496 |
| 2019-10-01 | $714,500 (6.8%) | $1,223,264 (12.4%) | 2.31 | 6,343 |
| 2019-11-01 | $714,990 (8.3%) | $1,277,014 (18.6%) | 2.34 | 5,658 |
| 2019-12-01 | $717,424 (8.9%) | $1,258,438 (15.7%) | 2.39 | 4,704 |
| 2020-01-01 | $711,725 (7.9%) | $1,259,665 (16.1%) | 2.38 | 4,219 |
| 2020-02-01 | $725,000 (8.3%) | $1,286,364 (16.0%) | 2.37 | 4,080 |
| 2020-03-01 | $749,000 (8.7%) | $1,283,581 (8.6%) | 2.35 | 4,290 |
| 2020-04-01 | $725,000 (3.5%) | $1,245,128 (5.9%) | 2.27 | 4,665 |
| 2020-05-01 | $749,000 (4.5%) | $1,236,262 (6.0%) | 2.28 | 4,811 |
| 2020-06-01 | $767,000 (6.5%) | $1,354,142 (11.8%) | 2.26 | 4,392 |
| 2020-07-01 | $789,500 (10.9%) | $1,342,557 (12.6%) | 2.29 | 4,086 |
| 2020-08-01 | $784,500 (6.0%) | $1,399,008 (13.9%) | 2.25 | 3,882 |
| 2020-09-01 | $775,000 (2.7%) | $1,412,016 (8.7%) | 2.22 | 3,842 |
| 2020-10-01 | $775,000 (8.5%) | $1,435,239 (17.3%) | 2.22 | 3,808 |
| 2020-11-01 | $762,000 (6.6%) | $1,448,090 (13.4%) | 2.23 | 3,441 |
| 2020-12-01 | $768,375 (7.1%) | $1,499,059 (19.1%) | 2.29 | 2,787 |
| 2021-01-01 | $775,000 (8.9%) | $1,632,753 (29.6%) | 2.31 | 2,357 |
| 2021-02-01 | $784,000 (8.1%) | $1,617,404 (25.7%) | 2.28 | 2,192 |
| 2021-03-01 | $786,950 (5.1%) | $1,564,283 (21.9%) | 2.23 | 2,197 |
| 2021-04-01 | $799,450 (10.3%) | $1,616,643 (29.8%) | 2.16 | 2,270 |
| 2021-05-01 | $799,000 (6.7%) | $1,560,459 (26.2%) | 2.12 | 2,548 |
| 2021-06-01 | $809,950 (5.6%) | $1,524,122 (12.6%) | 2.13 | 2,854 |
| 2021-07-01 | $819,000 (3.7%) | $1,486,353 (10.7%) | 2.16 | 3,130 |
| 2021-08-01 | $820,575 (4.6%) | $1,478,483 (5.7%) | 2.19 | 3,099 |
| 2021-09-01 | $802,500 (3.6%) | $1,499,521 (6.2%) | 2.14 | 2,865 |
| 2021-10-01 | $825,000 (6.5%) | $1,560,033 (8.7%) | 2.20 | 2,553 |
| 2021-11-01 | $834,225 (9.5%) | $1,583,779 (9.4%) | 2.23 | 2,111 |
| 2021-12-01 | $822,750 (7.1%) | $1,660,023 (10.7%) | 2.23 | 1,619 |
| 2022-01-01 | $848,500 (9.5%) | $1,795,695 (10.0%) | 2.29 | 1,464 |
| 2022-02-01 | $850,000 (8.4%) | $1,781,772 (10.2%) | 2.21 | 1,484 |
| 2022-03-01 | $881,500 (12.0%) | $1,740,205 (11.3%) | 2.21 | 1,656 |
| 2022-04-01 | $900,000 (12.6%) | $1,709,012 (5.7%) | 2.15 | 1,926 |
| 2022-05-01 | $925,625 (15.9%) | $1,587,778 (1.8%) | 2.12 | 2,779 |
| 2022-06-01 | $949,000 (17.2%) | $1,530,673 (0.4%) | 2.11 | 3,571 |
| 2022-07-01 | $899,995 (9.9%) | $1,480,538 (-0.4%) | 2.03 | 4,559 |
| 2022-08-01 | $897,000 (9.3%) | $1,476,167 (-0.2%) | 2.07 | 4,492 |
| 2022-09-01 | $889,000 (10.8%) | $1,470,693 (-1.9%) | 2.08 | 4,153 |
| 2022-10-01 | $891,423 (8.1%) | $1,450,607 (-7.0%) | 2.10 | 4,136 |
| 2022-11-01 | $884,500 (6.0%) | $1,442,825 (-8.9%) | 2.12 | 3,983 |
| 2022-12-01 | $899,000 (9.3%) | $1,486,486 (-10.5%) | 2.22 | 3,158 |
| 2023-01-01 | $907,400 (6.9%) | $1,568,737 (-12.6%) | 2.25 | 2,597 |
| 2023-02-01 | $932,450 (9.7%) | $1,642,029 (-7.8%) | 2.25 | 2,287 |
| 2023-03-01 | $949,500 (7.7%) | $1,706,333 (-2.0%) | 2.24 | 2,064 |
| 2023-04-01 | $999,970 (11.1%) | $1,883,665 (10.2%) | 2.33 | 1,948 |
San Diego's median listing price comes in at 233% of the national average.
San Diego's average listing price for 2023-04-01 was $1,883,665, a difference of $174,653 (10.2%) versus the prior year and $177,332 versus the prior month.
For the 2023-04-01 period, San Diego had 1,948 MLS listings, a difference of -116 listings (-6%) versus the prior month and 22 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - San Diego (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 40 days | 1,843 sqft |
| 2018-02-01 | 29 days | 1,853 sqft |
| 2018-03-01 | 29 days | 1,884 sqft |
| 2018-04-01 | 29 days | 1,904 sqft |
| 2018-05-01 | 29 days | 1,913 sqft |
| 2018-06-01 | 30 days | 1,908 sqft |
| 2018-07-01 | 32 days | 1,858 sqft |
| 2018-08-01 | 31 days | 1,815 sqft |
| 2018-09-01 | 36 days | 1,800 sqft |
| 2018-10-01 | 36 days | 1,790 sqft |
| 2018-11-01 | 39 days | 1,779 sqft |
| 2018-12-01 | 49 days | 1,786 sqft |
| 2019-01-01 | 46 days | 1,761 sqft |
| 2019-02-01 | 33 days | 1,777 sqft |
| 2019-03-01 | 36 days | 1,822 sqft |
| 2019-04-01 | 33 days | 1,858 sqft |
| 2019-05-01 | 32 days | 1,874 sqft |
| 2019-06-01 | 41 days | 1,881 sqft |
| 2019-07-01 | 42 days | 1,871 sqft |
| 2019-08-01 | 50 days | 1,926 sqft |
| 2019-09-01 | 54 days | 1,958 sqft |
| 2019-10-01 | 45 days | 1,836 sqft |
| 2019-11-01 | 47 days | 1,824 sqft |
| 2019-12-01 | 59 days | 1,797 sqft |
| 2020-01-01 | 56 days | 1,781 sqft |
| 2020-02-01 | 40 days | 1,800 sqft |
| 2020-03-01 | 40 days | 1,806 sqft |
| 2020-04-01 | 44 days | 1,754 sqft |
| 2020-05-01 | 48 days | 1,784 sqft |
| 2020-06-01 | 43 days | 1,786 sqft |
| 2020-07-01 | 44 days | 1,789 sqft |
| 2020-08-01 | 38 days | 1,728 sqft |
| 2020-09-01 | 39 days | 1,695 sqft |
| 2020-10-01 | 43 days | 1,696 sqft |
| 2020-11-01 | 48 days | 1,679 sqft |
| 2020-12-01 | 59 days | 1,686 sqft |
| 2021-01-01 | 54 days | 1,671 sqft |
| 2021-02-01 | 38 days | 1,672 sqft |
| 2021-03-01 | 36 days | 1,659 sqft |
| 2021-04-01 | 33 days | 1,687 sqft |
| 2021-05-01 | 28 days | 1,664 sqft |
| 2021-06-01 | 28 days | 1,666 sqft |
| 2021-07-01 | 29 days | 1,670 sqft |
| 2021-08-01 | 30 days | 1,684 sqft |
| 2021-09-01 | 33 days | 1,674 sqft |
| 2021-10-01 | 34 days | 1,674 sqft |
| 2021-11-01 | 38 days | 1,677 sqft |
| 2021-12-01 | 46 days | 1,654 sqft |
| 2022-01-01 | 41 days | 1,637 sqft |
| 2022-02-01 | 27 days | 1,633 sqft |
| 2022-03-01 | 25 days | 1,679 sqft |
| 2022-04-01 | 23 days | 1,713 sqft |
| 2022-05-01 | 23 days | 1,706 sqft |
| 2022-06-01 | 25 days | 1,730 sqft |
| 2022-07-01 | 30 days | 1,698 sqft |
| 2022-08-01 | 36 days | 1,680 sqft |
| 2022-09-01 | 40 days | 1,673 sqft |
| 2022-10-01 | 40 days | 1,679 sqft |
| 2022-11-01 | 44 days | 1,687 sqft |
| 2022-12-01 | 54 days | 1,698 sqft |
| 2023-01-01 | 54 days | 1,690 sqft |
| 2023-02-01 | 38 days | 1,682 sqft |
| 2023-03-01 | 37 days | 1,732 sqft |
| 2023-04-01 | 34 days | 1,801 sqft |
San Diego's median square footage for active listings during the 2023-04-01 period was 1,801 sqft. One year prior, the average listing was 1,713 sqft.