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 133 lenders originated 3,601 VA loans during 2023. The total origination value was $2,581,005,000, with an average VA loan value of $716,747.

San Diego VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in San Diego averaged 6.63% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

San Diego's average VA mortgage closing costs are $9,243.

The average rate for the prior week (2024-06-07) was 6.2% and one month ago for the week of 2024-05-10, the average rate was 6.51%.

The average rate one year ago was 6.45%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.37%.

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

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.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 960 6.02% $15,154
QUICKEN LOANS, LLC 225 6.01% $18,414
Mortgage Research Center, LLC 209 6.41% $14,519
CROSSCOUNTRY MORTGAGE, LLC 196 6.29% $20,404
LOANDEPOT.COM, LLC 181 5.59% $21,792
NAVY FEDERAL CREDIT UNION 151 5.78% $12,446
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 92 6.35% $18,096
PENNYMAC LOAN SERVICES, LLC 81 5.77% $17,718
AMERICAN PACIFIC MORTGAGE CORPORATION 75 6.27% $21,582
CMG MORTGAGE, INC. 72 6.15% $20,768
EAGLE HOME MORTGAGE, LLC 66 6.03% $12,910
FREEDOM MORTGAGE CORPORATION 66 6.32% $19,052
KBHS HOME LOANS, LLC 63 5.78% $19,250
GUARANTEED RATE, INC. 63 5.98% $17,246
AMERICAN FINANCIAL NETWORK, INC. 44 6.39% $17,578
NEWREZ LLC 39 6.21% $15,629
The Federal Savings Bank 32 6.11% $23,875
ARK-LA-TEX FINANCIAL SERVICES, LLC. 28 6.41% $18,357
POINT Mortgage 28 6.02% $19,426
MORTGAGEONE, INC. 28 6.59% $10,948
MOVEMENT MORTGAGE, LLC 25 6.24% $17,672
SUMMIT FUNDING, INC. 24 6.46% $15,899
CARDINAL FINANCIAL 22 6.34% $23,416
BAY EQUITY LLC 21 6.09% $15,853
Century Mortgage Company DBA Century Lending Company 21 6.11% $17,515
S1L, Inc. 21 6.29% $19,590
Plains Commerce Bank 20 5.63% $22,433
CALIBER HOME LOANS, INC. 20 5.59% $12,922
INTERCAP LENDING INC. 20 6.14% $11,541
GUILD MORTGAGE COMPANY 20 6.31% $22,136
JMJ FINANCIAL GROUP 17 6.33% $21,275
U.S. Bank 17 6.26% $18,716
Cornerstone First Mortgage, Inc 17 6.23% $23,671
Nations Lending Corporation 16 6.05% $14,618
Paramount Residential Mortgage Group, Inc. 15 6.57% $15,847
BROKER SOLUTIONS, INC. 15 6.15% $23,529
Flagstar Bank, FSB 15 6.41% $20,838
Shea Mortgage Inc. 15 6.07% $13,877
VILLAGE CAPITAL MORTGAGE 15 6.10% $22,694
HOMEBRIDGE FINANCIAL SERVICES, INC. 14 5.96% $16,770
RESIDENTIAL WHOLESALE MORTGAGE, INC. 14 6.24% $18,133
MUTUAL OF OMAHA MORTGAGE, INC. 13 6.06% $21,173
AXIA FINANCIAL, LLC 13 6.04% $21,362
Prosperity Home Mortgage, LLC 13 5.77% $16,000
San Diego Funding 11 6.34% $33,598
American Mortgage & Equity Consultants, Inc. 11 6.60% $20,489
GUARANTEED RATE AFFINITY, LLC 11 6.18% $11,885
HOMEAMERICAN MORTGAGE CORPORATION 11 5.58% $7,164
Wells Fargo Bank 10 5.76% $11,854
NP, Inc. 10 6.76% $35,847
SUN WEST MORTGAGE COMPANY, INC. 10 5.76% $12,143
PLANET HOME LENDING, LLC 10 5.47% $12,089
Barrington Bank & Trust Company, N.A. 9 6.18% $11,894
Equity Prime Mortgage LLC 9 6.32% $24,525
PLAZA HOME MORTGAGE, INC. 9 6.32% $15,001
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.42% $16,951
The Loan Store, Inc. 9 6.30% $17,982
Golden Empire Mortgage, Inc. 8 6.39% $22,999
Hometown Equity Mortgage, LLC 8 5.86% $20,425
Ameris Bank 8 5.88% $18,650
EVERETT FINANCIAL, INC. 8 6.39% $21,025
VERITAS FUNDING, LLC 7 6.20% $32,896
Franklin Loan Corporation 7 6.30% $17,459
Mr. Cooper ( Nationstar Mortgage ) 7 5.88% $19,748
NATIONS DIRECT MORTGAGE, LLC 7 6.32% $16,211
AMERISAVE MORTGAGE CORPORATION 7 5.71% $13,468
NEW DAY FINANCIAL, LLC 7 7.57% $19,905
Sierra Pacific Mortgage Company, Inc. 7 5.84% $17,046
NBKC BANK 6 5.94% $21,044
JPMorgan Chase Bank 6 6.02% $18,701
CALCON MUTUAL MORTGAGE LLC 6 6.63% $27,621
PENTAGON FEDERAL CREDIT UNION 5 5.63% $11,565
HOMEOWNERS FINANCIAL GROUP USA, LLC 5 6.20% $19,384
OCMBC, INC. 5 6.20% $15,801
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.40% $24,867
Magnolia Bank 4 6.41% $25,557
RESIDENTIAL BANCORP 4 6.09% $21,441
Watermark Capital, Inc. 4 5.47% $27,402
LAKEVIEW LOAN SERVICING, LLC 3 6.33% $15,999
Lakeview Community Capital, LLC 3 6.04% $26,620
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.08% $15,576
UNION HOME MORTGAGE CORP. 3 6.46% $17,942
CHURCHILL MORTGAGE CORPORATION 3 5.83% $23,712
FRONTWAVE 3 5.63% $1,952
LADERA LENDING, INC. 3 5.83% $18,652
MORIA DEVELOPMENT, INC. 3 5.75% $21,089
Mid-Continent Funding, Inc. 3 6.33% $18,576
ALAMEDA MORTGAGE CORPORATION 3 6.29% $22,010
CORNERSTONE HOME LENDING, INC. 2 6.25% $18,377
Keystone Funding, Inc. 2 5.63% $4,678
AUGUSTA FINANCIAL, INC. 2 6.06% $10,616
Armed Forces Bank 2 6.31% $31,373
FIRST NATIONS HOME FINANCE CORPORATION 2 6.44% $22,385
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.88% $15,169
Neighborhood Loans, Inc. 2 6.00% $28,072
NFM, INC. 2 7.31% $12,273
USAA Federal Savings Bank 2 6.38% $21,236
MID AMERICA MORTGAGE, INC. 2 5.19% $9,196
iCore Lending, Inc. 1 6.13% $20,761
Ixonia Bank 1 6.50% $28,736
LAND HOME FINANCIAL SERVICES, INC. 1 5.63% $26,779
GENEVA FINANCIAL, LLC 1 7.25% $18,725
MOUNTAIN WEST FINANCIAL, INC. 1 6.63% $48,288
FLAT BRANCH MORTGAGE, INC. 1 7.13% $11,164
First Savings Bank 1 5.25% $31,272
Farmers Bank & Trust 1 5.13% $5,583
NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $2,015
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.25% $14,445
NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.25% $8,689
OAKTREE FUNDING CORP. 1 5.75% $6,725
ONE NEVADA CREDIT UNION 1 5.88% $6,456
ON Q FINANCIAL, INC. 1 6.75% $25,621
ONY GLO, INC. 1 6.75% $12,441
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 5.75% $28,267
CUSTOMER SERVICE MORTGAGE CORPORATION 1 6.75% $9,137
Citizens Bank 1 5.25% $4,089
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 8.00% $2,753
AHL FUNDING 1 5.99% $5,545
BNC National Bank 1 5.50% $28,482
Bell Bank 1 6.63% $10,075
ACADEMY MORTGAGE CORPORATION 1 5.88% $17,800
SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $45,529
ST FIN CORP 1 5.75% $25,025
Strong Home Mortgage, LLC 1 5.75% $13,427
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $11,270
The Freedom Bank of Virginia 1 6.25% $20,793
Willamette Valley Bank 1 6.25% $15,246
Truist 1 6.70% $15,570
UNITED HOME LOANS, INC. 1 6.63% $30,884
AMCAP MORTGAGE, LTD. 1 5.63% $92,698
Allied First Bank,sb 1 5.99% $10,088
V.I.P. MORTGAGE, INC. 1 7.00% $12,325
HOME APPROVALS DIRECT, INC. 1 5.75% $13,252

The top San Diego VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 960 VA loans originated. Their average total fees are $15,154, which is $3,260 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee San Diego VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($7,164), MORTGAGEONE, INC. ($10,948), INTERCAP LENDING INC. ($11,541), Wells Fargo Bank ($11,854) and GUARANTEED RATE AFFINITY, LLC ($11,885).

The lowest rate San Diego VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC (5.47%), HOMEAMERICAN MORTGAGE CORPORATION (5.58%), LOANDEPOT.COM, LLC (5.59%), CALIBER HOME LOANS, INC. (5.59%) and Plains Commerce Bank (5.63%).


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 $659,250 (-3.0%) $1,085,070 (-11.2%) 2.28 6,331
2019-02-01 $669,200 (-3.5%) $1,108,895 (-10.6%) 2.26 6,366
2019-03-01 $684,968 (-2.0%) $1,135,864 (-8.7%) 2.24 6,365
2019-04-01 $701,950 (0.3%) $1,166,051 (-4.9%) 2.23 6,430
2019-05-01 $717,000 (1.8%) $1,164,997 (-5.0%) 2.24 6,800
2019-06-01 $720,000 (1.4%) $1,209,593 (-0.3%) 2.25 6,898
2019-07-01 $712,000 (1.9%) $1,191,632 (0.6%) 2.23 7,000
2019-08-01 $710,909 (3.9%) $1,177,659 (1.4%) 2.25 6,848
2019-09-01 $704,773 (4.3%) $1,182,351 (6.2%) 2.26 6,587
2019-10-01 $705,682 (5.5%) $1,193,127 (9.6%) 2.28 6,343
2019-11-01 $714,945 (8.3%) $1,277,024 (18.6%) 2.34 5,658
2019-12-01 $717,400 (8.9%) $1,258,384 (15.7%) 2.39 4,704
2020-01-01 $711,725 (8.0%) $1,259,678 (16.1%) 2.38 4,219
2020-02-01 $725,000 (8.3%) $1,286,377 (16.0%) 2.37 4,080
2020-03-01 $749,000 (9.4%) $1,283,387 (13.0%) 2.35 4,291
2020-04-01 $725,000 (3.3%) $1,244,868 (6.8%) 2.27 4,666
2020-05-01 $749,000 (4.5%) $1,236,089 (6.1%) 2.28 4,812
2020-06-01 $767,000 (6.5%) $1,353,937 (11.9%) 2.26 4,393
2020-07-01 $789,500 (10.9%) $1,342,353 (12.7%) 2.29 4,087
2020-08-01 $784,000 (10.3%) $1,398,771 (18.8%) 2.25 3,883
2020-09-01 $775,000 (10.0%) $1,411,731 (19.4%) 2.22 3,843
2020-10-01 $775,000 (9.8%) $1,435,239 (20.3%) 2.22 3,809
2020-11-01 $762,000 (6.6%) $1,447,998 (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%) $1,617,394 (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%) $1,616,523 (29.9%) 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%) $1,523,939 (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 $821,650 (4.8%) $1,478,471 (5.7%) 2.19 3,099
2021-09-01 $802,500 (3.6%) $1,499,160 (6.2%) 2.14 2,865
2021-10-01 $825,000 (6.5%) $1,559,805 (8.7%) 2.20 2,553
2021-11-01 $834,000 (9.5%) $1,583,624 (9.4%) 2.23 2,111
2021-12-01 $822,750 (7.1%) $1,659,581 (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%) $1,781,404 (10.1%) 2.21 1,484
2022-03-01 $881,500 (12.0%) $1,740,499 (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 $926,750 (16.0%) $1,590,139 (1.9%) 2.12 2,779
2022-06-01 $949,000 (17.2%) $1,530,457 (0.4%) 2.11 3,572
2022-07-01 $899,900 (9.9%) $1,479,948 (-0.4%) 2.03 4,560
2022-08-01 $897,000 (9.2%) $1,476,135 (-0.2%) 2.07 4,494
2022-09-01 $888,699 (10.7%) $1,470,572 (-1.9%) 2.08 4,154
2022-10-01 $890,000 (7.9%) $1,450,137 (-7.0%) 2.09 4,137
2022-11-01 $884,500 (6.1%) $1,442,386 (-8.9%) 2.13 3,985
2022-12-01 $899,000 (9.3%) $1,486,085 (-10.5%) 2.22 3,159
2023-01-01 $904,700 (6.6%) $1,567,702 (-12.7%) 2.24 2,599
2023-02-01 $931,999 (9.7%) $1,640,832 (-7.9%) 2.25 2,290
2023-03-01 $949,500 (7.7%) $1,705,029 (-2.0%) 2.24 2,067
2023-04-01 $999,950 (11.1%) $1,882,399 (10.2%) 2.33 1,952
2023-05-01 $1,055,000 (13.8%) $1,904,280 (19.8%) 2.39 2,065
2023-06-01 $1,092,500 (15.1%) $1,948,369 (27.3%) 2.46 2,284
2023-07-01 $1,098,000 (22.0%) $1,947,120 (31.6%) 2.50 2,447
2023-08-01 $1,099,450 (22.6%) $1,931,373 (30.8%) 2.52 2,488
2023-09-01 $1,050,000 (18.2%) $1,845,525 (25.5%) 2.44 2,622
2023-10-01 $999,000 (12.3%) $1,788,060 (23.3%) 2.35 2,848
2023-11-01 $995,000 (12.5%) $1,770,030 (22.7%) 2.37 2,929
2023-12-01 $980,000 (9.0%) $1,829,738 (23.1%) 2.39 2,619
2024-01-01 $977,000 (8.0%) $1,834,937 (17.1%) 2.39 2,452
2024-02-01 $996,500 (6.9%) $1,831,972 (11.7%) 2.40 2,424
2024-03-01 $998,000 (5.1%) $1,792,747 (5.1%) 2.35 2,611
2024-04-01 $1,050,000 (5.0%) $1,824,636 (-3.1%) 2.44 2,941
2024-05-01 $1,072,000 (1.6%) $1,846,430 (-3.0%) 2.42 3,405
San Diego's median listing price for 2024-05-01 was $1,072,000, a difference of $17,000 (1.6%) versus the prior year and $22,000 versus the prior month.

San Diego's median listing price comes in at 242% of the national average.

San Diego's average listing price for 2024-05-01 was $1,846,430, a difference of $-57,850 (-3.0%) versus the prior year and $21,794 versus the prior month.

For the 2024-05-01 period, San Diego had 3,405 MLS listings, a difference of 464 listings (16%) versus the prior month and 1,340 listings (65%) 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 39 days 1,843 sqft
2018-02-01 29 days 1,853 sqft
2018-03-01 29 days 1,882 sqft
2018-04-01 29 days 1,904 sqft
2018-05-01 28 days 1,913 sqft
2018-06-01 29 days 1,908 sqft
2018-07-01 31 days 1,858 sqft
2018-08-01 31 days 1,815 sqft
2018-09-01 35 days 1,800 sqft
2018-10-01 36 days 1,790 sqft
2018-11-01 39 days 1,779 sqft
2018-12-01 47 days 1,786 sqft
2019-01-01 45 days 1,762 sqft
2019-02-01 32 days 1,777 sqft
2019-03-01 34 days 1,815 sqft
2019-04-01 33 days 1,855 sqft
2019-05-01 32 days 1,874 sqft
2019-06-01 40 days 1,881 sqft
2019-07-01 42 days 1,871 sqft
2019-08-01 43 days 1,859 sqft
2019-09-01 43 days 1,839 sqft
2019-10-01 44 days 1,831 sqft
2019-11-01 47 days 1,824 sqft
2019-12-01 58 days 1,798 sqft
2020-01-01 55 days 1,781 sqft
2020-02-01 39 days 1,800 sqft
2020-03-01 39 days 1,806 sqft
2020-04-01 43 days 1,754 sqft
2020-05-01 46 days 1,784 sqft
2020-06-01 43 days 1,787 sqft
2020-07-01 43 days 1,789 sqft
2020-08-01 37 days 1,728 sqft
2020-09-01 38 days 1,695 sqft
2020-10-01 40 days 1,696 sqft
2020-11-01 47 days 1,679 sqft
2020-12-01 57 days 1,686 sqft
2021-01-01 52 days 1,671 sqft
2021-02-01 37 days 1,672 sqft
2021-03-01 34 days 1,659 sqft
2021-04-01 32 days 1,687 sqft
2021-05-01 28 days 1,664 sqft
2021-06-01 27 days 1,666 sqft
2021-07-01 29 days 1,670 sqft
2021-08-01 30 days 1,685 sqft
2021-09-01 33 days 1,674 sqft
2021-10-01 34 days 1,674 sqft
2021-11-01 37 days 1,677 sqft
2021-12-01 45 days 1,654 sqft
2022-01-01 39 days 1,637 sqft
2022-02-01 26 days 1,633 sqft
2022-03-01 24 days 1,680 sqft
2022-04-01 23 days 1,714 sqft
2022-05-01 22 days 1,707 sqft
2022-06-01 24 days 1,730 sqft
2022-07-01 30 days 1,699 sqft
2022-08-01 36 days 1,680 sqft
2022-09-01 40 days 1,673 sqft
2022-10-01 39 days 1,679 sqft
2022-11-01 44 days 1,686 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 1,733 sqft
2023-04-01 33 days 1,800 sqft
2023-05-01 30 days 1,839 sqft
2023-06-01 31 days 1,860 sqft
2023-07-01 31 days 1,835 sqft
2023-08-01 33 days 1,803 sqft
2023-09-01 35 days 1,780 sqft
2023-10-01 34 days 1,717 sqft
2023-11-01 37 days 1,686 sqft
2023-12-01 44 days 1,672 sqft
2024-01-01 43 days 1,640 sqft
2024-02-01 33 days 1,639 sqft
2024-03-01 32 days 1,650 sqft
2024-04-01 33 days 1,685 sqft
2024-05-01 26 days 1,708 sqft
San Diego's median listing age (time on market) for 2024-05-01 was 26 days. This is -13% shorter than the same period one year ago.

San Diego's median square footage for active listings during the 2024-05-01 period was 1,708 sqft. One year prior, the average listing was 1,839 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.