San Francisco VA Loan Rates, Closing Costs & Stats

San Francisco-Oakland-Berkeley, 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 Francisco's 81 lenders originated 500 VA loans during 2023. The total origination value was $389,410,000, with an average VA loan value of $778,820.

San Francisco VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in San Francisco averaged 6.4% for the week of 2024-05-24, compared to the national average (all VA variants) of 6.567% for the same period.

San Francisco's average VA mortgage closing costs are $9,811.

The average rate for the prior week (2024-05-17) was 6.63% and one month ago for the week of 2024-04-19, the average rate was 6.9%.

The average rate one year ago was 6.07%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.51%.

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

San Francisco 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 Francisco level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 89 6.04% $17,797
Mortgage Research Center, LLC 54 6.44% $13,243
QUICKEN LOANS, LLC 54 6.15% $18,015
NAVY FEDERAL CREDIT UNION 28 5.83% $9,135
CROSSCOUNTRY MORTGAGE, LLC 26 6.53% $16,049
AMERICAN PACIFIC MORTGAGE CORPORATION 20 6.27% $19,745
BROKER SOLUTIONS, INC. 12 6.03% $24,566
LOANDEPOT.COM, LLC 11 5.89% $25,020
CMG MORTGAGE, INC. 11 6.26% $21,299
PENNYMAC LOAN SERVICES, LLC 10 5.81% $21,409
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 5.42% $11,838
The Federal Savings Bank 9 6.13% $28,982
GUARANTEED RATE, INC. 7 5.94% $5,572
USAA Federal Savings Bank 6 6.29% $19,009
GUARANTEED RATE AFFINITY, LLC 6 5.97% $8,842
PENTAGON FEDERAL CREDIT UNION 5 5.55% $25,662
EAGLE HOME MORTGAGE, LLC 5 6.27% $4,919
Mr. Cooper ( Nationstar Mortgage ) 5 6.23% $26,668
Wells Fargo Bank 5 5.88% $15,018
FREEDOM MORTGAGE CORPORATION 4 5.97% $25,545
U.S. Bank 4 6.47% $10,508
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.81% $12,120
EVERETT FINANCIAL, INC. 4 6.88% $16,704
MLD MORTGAGE INC. 3 5.96% $21,309
CARDINAL FINANCIAL 3 6.25% $40,289
MOVEMENT MORTGAGE, LLC 3 6.58% $11,899
NEW DAY FINANCIAL, LLC 3 7.16% $22,130
VILLAGE CAPITAL MORTGAGE 3 7.00% $17,340
Vellum Mortgage, Inc. 3 6.79% $9,922
Paramount Residential Mortgage Group, Inc. 3 6.08% $15,046
LADERA LENDING, INC. 2 6.13% $7,771
NBKC BANK 2 5.88% $27,977
NEWREZ LLC 2 6.50% $24,164
OCMBC, INC. 2 6.50% $21,311
Plains Commerce Bank 2 6.13% $22,529
AMERISAVE MORTGAGE CORPORATION 2 5.25% $10,839
Flagstar Bank, FSB 2 6.50% $7,426
GUILD MORTGAGE COMPANY 2 5.88% $15,766
South Pacific Financial Corporation 2 6.38% $7,423
Barrington Bank & Trust Company, N.A. 2 6.50% $10,312
JMAC LENDING, INC. 2 6.88% $21,817
JPMorgan Chase Bank 2 6.06% $9,161
KBHS HOME LOANS, LLC 2 6.06% $15,170
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.56% $29,594
ENVOY MORTGAGE, LTD 2 6.38% $3,090
Zions Bank 1 5.75% $9,402
AMCAP MORTGAGE, LTD. 1 6.25% $28,263
AMERITRUST MORTGAGE CORPORATION 1 6.50% $12,607
Bank of America 1 6.50% $21,769
BAY EQUITY LLC 1 6.25% $21,507
Century Mortgage Company DBA Century Lending Company 1 6.25% $43,314
Commerce Home Mortgage, Inc. 1 7.13% $13,201
Cornerstone First Mortgage, Inc 1 5.75% $46,167
DRAPER AND KRAMER MORTGAGE CORP. 1 5.75% $4,555
Equity Prime Mortgage LLC 1 5.88% $6,840
First Federal Bank 1 6.38% $6,609
Golden Empire Mortgage, Inc. 1 5.75% $1,919
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.13% $4,207
LAND HOME FINANCIAL SERVICES, INC. 1 6.63% $9,310
LOANPAL, LLC 1 6.75% $23,631
Magnolia Bank 1 5.63% $55,711
MOUNTAIN WEST FINANCIAL, INC. 1 6.50% $17,309
NATIONS DIRECT MORTGAGE, LLC 1 5.25% $12,329
NFM, INC. 1 6.75% $16,103
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.13% $8,381
PLANET HOME LENDING, LLC 1 4.88% $8,064
PLAZA HOME MORTGAGE, INC. 1 5.63% $29,443
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.50% $15,494
Prosperity Home Mortgage, LLC 1 6.63% $35,412
PULTE MORTGAGE LLC 1 6.75% $3,632
S1L, Inc. 1 6.75% $7,548
SCENIC OAKS FUNDING, INC. 1 5.63% $24,008
Sierra Pacific Mortgage Company, Inc. 1 7.25% $22,615
Strong Home Mortgage, LLC 1 5.75% $2,899
SUN WEST MORTGAGE COMPANY, INC. 1 6.62% $13,367
The Loan Store, Inc. 1 6.99% $11,623
THRIVE MORTGAGE, LLC 1 5.75% $14,216
TOP FLITE FINANCIAL, INC. 1 7.25% $48,718
UNION HOME MORTGAGE CORP. 1 7.13% $22,222
VERITAS FUNDING, LLC 1 5.75% $36,930
ACADEMY MORTGAGE CORPORATION 1 6.75% $33,967

The top San Francisco VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 89 VA loans originated. Their average total fees are $17,797, which is $4,554 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee San Francisco VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($9,135), Mortgage Research Center, LLC ($13,243), CROSSCOUNTRY MORTGAGE, LLC ($16,049), UNITED WHOLESALE MORTGAGE, LLC ($17,797) and QUICKEN LOANS, LLC ($18,015).

The lowest rate San Francisco VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.81%), NAVY FEDERAL CREDIT UNION (5.83%), LOANDEPOT.COM, LLC (5.89%), BROKER SOLUTIONS, INC. (6.03%) and UNITED WHOLESALE MORTGAGE, LLC (6.04%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - San Francisco (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 $843,944 (6.9%) $1,503,769 (14.4%) 3.13 2,292
2018-02-01 $898,944 (6.3%) $1,548,177 (12.1%) 3.26 2,714
2018-03-01 $949,499 (6.2%) $1,583,415 (10.9%) 3.33 3,120
2018-04-01 $987,500 (9.8%) $1,611,232 (8.1%) 3.35 3,617
2018-05-01 $996,500 (10.7%) $1,618,157 (8.4%) 3.33 4,067
2018-06-01 $988,000 (9.5%) $1,576,500 (6.0%) 3.29 4,489
2018-07-01 $929,000 (6.2%) $1,483,373 (3.9%) 3.10 4,799
2018-08-01 $890,000 (4.8%) $1,385,964 (-0.6%) 2.98 4,914
2018-09-01 $899,000 (2.8%) $1,402,963 (-4.4%) 3.02 5,954
2018-10-01 $899,000 (0.0%) $1,411,172 (-8.1%) 3.04 6,152
2018-11-01 $890,000 (-1.0%) $1,429,547 (-8.0%) 3.02 5,841
2018-12-01 $849,950 (-3.3%) $1,339,856 (-16.4%) 2.93 4,173
2019-01-01 $831,417 (-1.5%) $1,301,294 (-13.5%) 2.87 3,563
2019-02-01 $887,000 (-1.3%) $1,416,770 (-8.5%) 3.00 4,084
2019-03-01 $916,429 (-3.5%) $1,481,212 (-6.5%) 3.00 4,499
2019-04-01 $947,000 (-4.1%) $1,548,778 (-3.9%) 3.01 4,891
2019-05-01 $968,500 (-2.8%) $1,495,371 (-7.6%) 3.03 5,464
2019-06-01 $959,975 (-2.8%) $1,484,222 (-5.9%) 3.00 5,923
2019-07-01 $927,000 (-0.2%) $1,530,652 (3.2%) 2.90 5,827
2019-08-01 $919,182 (3.3%) $1,549,914 (11.8%) 2.91 5,897
2019-09-01 $935,955 (4.1%) $1,537,212 (9.6%) 3.00 6,009
2019-10-01 $949,500 (5.6%) $1,534,928 (8.8%) 3.06 6,068
2019-11-01 $949,000 (6.6%) $1,610,397 (12.7%) 3.11 4,956
2019-12-01 $899,000 (5.8%) $1,687,094 (25.9%) 3.00 2,987
2020-01-01 $893,500 (7.5%) $1,700,818 (30.7%) 2.99 2,560
2020-02-01 $997,500 (12.5%) $1,747,524 (23.4%) 3.27 3,087
2020-03-01 $998,944 (9.0%) $1,709,823 (15.4%) 3.13 3,525
2020-04-01 $959,233 (1.3%) $1,535,131 (-0.9%) 3.00 3,417
2020-05-01 $999,894 (3.2%) $1,611,448 (7.8%) 3.04 4,580
2020-06-01 $1,078,750 (12.4%) $1,662,466 (12.0%) 3.18 4,950
2020-07-01 $1,091,500 (17.8%) $1,680,032 (9.8%) 3.16 5,059
2020-08-01 $1,050,000 (14.2%) $1,673,766 (8.0%) 3.01 5,202
2020-09-01 $1,052,500 (12.5%) $1,676,954 (9.1%) 3.02 5,401
2020-10-01 $1,070,833 (12.8%) $1,673,980 (9.1%) 3.07 5,806
2020-11-01 $1,049,450 (10.6%) $1,663,582 (3.3%) 3.07 5,168
2020-12-01 $998,462 (11.1%) $1,711,270 (1.4%) 2.97 3,713
2021-01-01 $989,000 (10.7%) $1,749,265 (2.9%) 2.95 3,034
2021-02-01 $999,500 (0.2%) $1,774,344 (1.5%) 2.91 3,230
2021-03-01 $1,014,498 (1.6%) $1,858,547 (8.7%) 2.88 3,372
2021-04-01 $1,049,500 (9.4%) $1,866,299 (21.6%) 2.84 3,458
2021-05-01 $1,079,975 (8.0%) $1,871,839 (16.2%) 2.87 3,497
2021-06-01 $1,067,000 (-1.1%) $1,795,178 (8.0%) 2.81 3,898
2021-07-01 $999,000 (-8.5%) $1,684,450 (0.3%) 2.64 4,242
2021-08-01 $995,000 (-5.2%) $1,641,359 (-1.9%) 2.65 4,264
2021-09-01 $993,950 (-5.6%) $1,695,801 (1.1%) 2.65 4,600
2021-10-01 $997,000 (-6.9%) $1,757,206 (5.0%) 2.66 4,566
2021-11-01 $984,225 (-6.2%) $1,870,181 (12.4%) 2.63 3,545
2021-12-01 $952,450 (-4.6%) $1,845,434 (7.8%) 2.58 2,327
2022-01-01 $949,000 (-4.0%) $1,752,366 (0.2%) 2.57 2,030
2022-02-01 $992,000 (-0.8%) $1,755,628 (-1.1%) 2.58 2,479
2022-03-01 $1,047,000 (3.2%) $1,732,512 (-6.8%) 2.62 3,007
2022-04-01 $1,098,000 (4.6%) $1,753,815 (-6.0%) 2.62 3,394
2022-05-01 $1,124,000 (4.1%) $1,732,777 (-7.4%) 2.57 4,615
2022-06-01 $1,146,250 (7.4%) $1,718,715 (-4.3%) 2.55 5,679
2022-07-01 $1,098,000 (9.9%) $1,625,819 (-3.5%) 2.47 6,244
2022-08-01 $1,043,073 (4.8%) $1,568,223 (-4.5%) 2.41 5,968
2022-09-01 $1,089,500 (9.6%) $1,647,727 (-2.8%) 2.55 5,921
2022-10-01 $1,090,000 (9.3%) $1,692,678 (-3.7%) 2.56 6,026
2022-11-01 $1,037,000 (5.4%) $1,691,530 (-9.6%) 2.49 5,367
2022-12-01 $993,210 (4.3%) $1,665,724 (-9.7%) 2.45 3,655
2023-01-01 $978,500 (3.1%) $1,644,202 (-6.2%) 2.42 2,987
2023-02-01 $1,002,500 (1.1%) $1,758,715 (0.2%) 2.42 3,089
2023-03-01 $1,081,250 (3.3%) $1,802,971 (4.1%) 2.55 3,163
2023-04-01 $1,150,000 (4.7%) $1,887,916 (7.7%) 2.67 3,341
2023-05-01 $1,179,000 (4.9%) $1,940,457 (12.0%) 2.67 3,691
2023-06-01 $1,150,000 (0.3%) $1,939,483 (12.8%) 2.58 3,977
2023-07-01 $1,100,000 (0.2%) $1,837,754 (13.0%) 2.50 4,036
2023-08-01 $1,049,444 (0.6%) $1,729,983 (10.3%) 2.41 4,093
2023-09-01 $1,095,000 (0.5%) $1,758,073 (6.7%) 2.55 4,813
2023-10-01 $1,098,000 (0.7%) $1,768,808 (4.5%) 2.58 5,053
2023-11-01 $1,067,000 (2.9%) $1,755,081 (3.8%) 2.54 4,671
2023-12-01 $998,000 (0.5%) $1,710,145 (2.7%) 2.43 3,094
2024-01-01 $944,475 (-3.5%) $1,624,731 (-1.2%) 2.31 2,702
2024-02-01 $989,444 (-1.3%) $1,692,960 (-3.7%) 2.38 3,028
2024-03-01 $999,000 (-7.6%) $1,756,535 (-2.6%) 2.35 3,587
2024-04-01 $1,026,500 (-10.7%) $1,789,879 (-5.2%) 2.39 4,354
San Francisco's median listing price for 2024-04-01 was $1,026,500, a difference of $-123,500 (-10.7%) versus the prior year and $27,500 versus the prior month.

San Francisco's median listing price comes in at 239% of the national average.

San Francisco's average listing price for 2024-04-01 was $1,789,879, a difference of $-98,037 (-5.2%) versus the prior year and $33,344 versus the prior month.

For the 2024-04-01 period, San Francisco had 4,354 MLS listings, a difference of 767 listings (21%) versus the prior month and 1,013 listings (30%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - San Francisco (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 30 days 1,719 sqft
2018-02-01 19 days 1,746 sqft
2018-03-01 20 days 1,766 sqft
2018-04-01 22 days 1,800 sqft
2018-05-01 21 days 1,814 sqft
2018-06-01 24 days 1,788 sqft
2018-07-01 29 days 1,746 sqft
2018-08-01 29 days 1,716 sqft
2018-09-01 26 days 1,698 sqft
2018-10-01 31 days 1,696 sqft
2018-11-01 37 days 1,667 sqft
2018-12-01 50 days 1,621 sqft
2019-01-01 48 days 1,606 sqft
2019-02-01 26 days 1,644 sqft
2019-03-01 28 days 1,711 sqft
2019-04-01 26 days 1,779 sqft
2019-05-01 26 days 1,822 sqft
2019-06-01 31 days 1,796 sqft
2019-07-01 36 days 1,763 sqft
2019-08-01 36 days 1,747 sqft
2019-09-01 35 days 1,724 sqft
2019-10-01 36 days 1,706 sqft
2019-11-01 49 days 1,698 sqft
2019-12-01 66 days 1,708 sqft
2020-01-01 53 days 1,684 sqft
2020-02-01 23 days 1,723 sqft
2020-03-01 24 days 1,754 sqft
2020-04-01 38 days 1,756 sqft
2020-05-01 31 days 1,760 sqft
2020-06-01 31 days 1,714 sqft
2020-07-01 33 days 1,638 sqft
2020-08-01 36 days 1,589 sqft
2020-09-01 36 days 1,549 sqft
2020-10-01 34 days 1,541 sqft
2020-11-01 45 days 1,518 sqft
2020-12-01 56 days 1,489 sqft
2021-01-01 49 days 1,464 sqft
2021-02-01 27 days 1,482 sqft
2021-03-01 29 days 1,525 sqft
2021-04-01 29 days 1,551 sqft
2021-05-01 27 days 1,576 sqft
2021-06-01 27 days 1,559 sqft
2021-07-01 26 days 1,549 sqft
2021-08-01 29 days 1,546 sqft
2021-09-01 28 days 1,536 sqft
2021-10-01 30 days 1,516 sqft
2021-11-01 39 days 1,500 sqft
2021-12-01 47 days 1,454 sqft
2022-01-01 37 days 1,419 sqft
2022-02-01 18 days 1,452 sqft
2022-03-01 22 days 1,507 sqft
2022-04-01 23 days 1,538 sqft
2022-05-01 22 days 1,573 sqft
2022-06-01 24 days 1,600 sqft
2022-07-01 30 days 1,585 sqft
2022-08-01 36 days 1,571 sqft
2022-09-01 38 days 1,593 sqft
2022-10-01 37 days 1,607 sqft
2022-11-01 46 days 1,593 sqft
2022-12-01 61 days 1,560 sqft
2023-01-01 62 days 1,552 sqft
2023-02-01 33 days 1,557 sqft
2023-03-01 34 days 1,573 sqft
2023-04-01 31 days 1,625 sqft
2023-05-01 31 days 1,637 sqft
2023-06-01 32 days 1,631 sqft
2023-07-01 34 days 1,615 sqft
2023-08-01 33 days 1,593 sqft
2023-09-01 29 days 1,588 sqft
2023-10-01 35 days 1,576 sqft
2023-11-01 42 days 1,563 sqft
2023-12-01 58 days 1,524 sqft
2024-01-01 49 days 1,470 sqft
2024-02-01 29 days 1,460 sqft
2024-03-01 27 days 1,489 sqft
2024-04-01 28 days 1,529 sqft
San Francisco's median listing age (time on market) for 2024-04-01 was 28 days. This is -11% shorter than the same period one year ago.

San Francisco's median square footage for active listings during the 2024-04-01 period was 1,529 sqft. One year prior, the average listing was 1,625 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.