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 115 lenders originated 1,164 VA loans during 2022. The total origination value was $857,630,000, with an average VA loan value of $736,796.

San Francisco VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in San Francisco averaged 5.87% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

San Francisco's average VA mortgage closing costs are $9,581.

The average rate for the prior week (2023-05-19) was 5.6% and one month ago for the week of 2023-04-21, the average rate was 5.52%.

The average rate one year ago was 4.39%.

For refis of the same type during the week of 2023-05-26, the average rate was 4.64%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 184 3.90% $16,036
QUICKEN LOANS, LLC 144 3.58% $18,075
Mortgage Research Center, LLC 96 4.84% $16,370
LOANDEPOT.COM, LLC 73 3.88% $15,006
PENNYMAC LOAN SERVICES, LLC 45 2.99% $15,849
NAVY FEDERAL CREDIT UNION 40 3.92% $16,758
HOME POINT FINANCIAL CORPORATION 33 3.75% $14,071
FREEDOM MORTGAGE CORPORATION 32 3.62% $16,460
CROSSCOUNTRY MORTGAGE, LLC 27 4.70% $24,413
AMERICAN PACIFIC MORTGAGE CORPORATION 26 4.42% $20,030
GUARANTEED RATE, INC. 25 3.73% $19,134
CALIBER HOME LOANS, INC. 23 4.18% $18,872
The Federal Savings Bank 19 4.13% $22,552
FINANCE OF AMERICA MORTGAGE LLC 15 4.43% $13,382
HOMEBRIDGE FINANCIAL SERVICES, INC. 13 4.26% $18,333
CMG MORTGAGE, INC. 12 4.23% $17,490
PLANET HOME LENDING, LLC 11 4.03% $16,939
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 3.85% $26,794
NEW DAY FINANCIAL, LLC 10 4.57% $22,056
Wells Fargo Bank 10 3.90% $11,812
AMERISAVE MORTGAGE CORPORATION 9 4.10% $17,435
PENTAGON FEDERAL CREDIT UNION 9 3.06% $6,028
EVERETT FINANCIAL, INC. 9 4.01% $11,128
CLEARPATH LENDING 9 3.43% $19,512
NEWREZ LLC 8 4.14% $17,091
LAKEVIEW LOAN SERVICING, LLC 7 2.85% $11,265
Carrington Mortgage Services, LLC 7 4.29% $14,497
Mr. Cooper ( Nationstar Mortgage ) 6 3.33% $14,676
CARDINAL FINANCIAL 6 4.02% $12,603
Flagstar Bank, FSB 6 3.75% $16,853
LOANPAL, LLC 6 3.77% $20,654
BROKER SOLUTIONS, INC. 6 5.00% $10,843
BNC National Bank 5 3.65% $10,741
PLAZA HOME MORTGAGE, INC. 5 4.23% $25,070
USAA Federal Savings Bank 5 4.13% $14,205
North American Savings Bank, F.S.B. 5 2.43% $33,680
Commerce Home Mortgage, Inc. 5 4.25% $20,497
GUARANTEED RATE AFFINITY, LLC 5 5.20% $11,514
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 5.03% $30,019
TRAVIS CREDIT UNION 4 3.34% $9,019
SUN WEST MORTGAGE COMPANY, INC. 4 3.03% $16,486
U.S. Bank 4 3.94% $17,437
NATIONS DIRECT MORTGAGE, LLC 4 4.94% $26,367
BAY EQUITY LLC 4 4.31% $16,798
MASON MCDUFFIE MORTGAGE CORPORATION 4 4.47% $19,548
Strong Home Mortgage, LLC 4 3.09% $17,826
Paramount Residential Mortgage Group, Inc. 4 3.81% $16,364
Lakeview Community Capital, LLC 3 2.92% $4,215
PREMIER LENDING, INC. 3 3.54% $12,924
South Pacific Financial Corporation 3 3.71% $17,896
VILLAGE CAPITAL MORTGAGE 3 3.08% $4,433
TJC Mortgage, Inc. 3 2.46% $13,122
GUILD MORTGAGE COMPANY 3 3.46% $16,528
Magnolia Bank 3 3.38% $20,362
HOMEOWNERS FINANCIAL GROUP USA, LLC 3 5.13% $21,764
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.79% $23,682
ALAMEDA MORTGAGE CORPORATION 3 4.21% $15,893
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 3 4.42% $10,988
LADERA LENDING, INC. 3 4.67% $18,146
S1L, Inc. 3 5.08% $19,168
MOVEMENT MORTGAGE, LLC 2 3.75% $15,790
Barrington Bank & Trust Company, N.A. 2 4.00% $35,107
Century Mortgage Company DBA Century Lending Company 2 3.81% $18,277
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 4.63% $32,129
HOMEAMERICAN MORTGAGE CORPORATION 2 4.56% $25,512
JPMorgan Chase Bank 2 3.00% $3,408
NBKC BANK 2 2.50% $5,325
NETWORK CAPITAL FUNDING CORPORATION 2 4.94% $14,776
NFM, INC. 2 4.31% $10,075
Prime Choice Funding Inc. 2 3.19% $5,984
PULTE MORTGAGE LLC 2 3.50% $15,856
RESIDENTIAL BANCORP. 2 5.56% $16,845
UNION HOME MORTGAGE CORP. 2 5.94% $9,318
M&T Bank 1 2.75% $3,867
IMPAC MORTGAGE CORP. 1 3.50% $62,265
Hometown Equity Mortgage, LLC 1 3.00% $16,211
Nations Lending Corporation 1 3.38% $13,509
GUARANTY HOME MORTGAGE CORPORATION 1 2.38% $22,915
Armed Forces Bank 1 5.25% $4,869
AmeriHome Mortgage Company, LLC 1 4.99% $12,272
FRONTWAVE 1 2.38% $1,435
Franklin Loan Corporation 1 4.25% $15,116
Amerifirst Financial, Inc. 1 5.75% $0
First Savings Bank 1 4.75% $5,165
ONY GLO, INC. 1 5.13% $34,411
First Mortgage Solutions, LLC 1 4.00% $9,580
First Federal Bank 1 3.88% $12,676
FirstBank 1 3.25% $626
Plains Commerce Bank 1 3.75% $19,732
FEDERATED MORTGAGE CORP. 1 2.88% $10,790
Equity Prime Mortgage LLC 1 6.38% $10,836
DHI MORTGAGE COMPANY, LTD. 1 2.88% $26,534
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.88% $6,107
VERITAS FUNDING, LLC 1 3.99% $17,424
AMERICAN FINANCING CORPORATION 1 3.25% $3,650
DAS Acquisition Company, LLC 1 3.63% $30,165
AMCAP MORTGAGE, LTD. 1 5.25% $9,234
Cornerstone First Mortgage, Inc 1 4.63% $4,145
SCENIC OAKS FUNDING, INC. 1 5.25% $7,600
Citizens Bank 1 4.25% $31,477
CHURCHILL MORTGAGE CORPORATION 1 5.75% $8,894
SUMMIT FUNDING, INC. 1 4.25% $38,213
CHERRY CREEK MORTGAGE, LLC 1 5.13% $1,150
BOKF 1 3.00% $5,519
THE MORTGAGE FIRM, INC. 1 3.25% $10,238
BELEM SERVICING LLC 1 2.25% $15,442
AXIA FINANCIAL, LLC 1 4.50% $5,427
Willamette Valley Bank 1 3.88% $6,909
LOANFLIGHT LENDING, LLC 1 2.25% $1,410
LIBERTY HOME MORTGAGE CORPORATION 1 3.25% $25,046
LENDING 3, INC. 1 7.13% $32,390
LAND HOME FINANCIAL SERVICES, INC. 1 5.25% $31,077
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $6,365
KBHS HOME LOANS, LLC 1 3.73% $48,184
INSPIRE HOME LOANS INC. 1 2.88% $19,886

The top San Francisco VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 184 VA loans originated. Their average total fees are $16,036, which is $2,039 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee San Francisco VA lenders (with over 10 loans originated) are Wells Fargo Bank ($11,812), FINANCE OF AMERICA MORTGAGE LLC ($13,382), HOME POINT FINANCIAL CORPORATION ($14,071), LOANDEPOT.COM, LLC ($15,006) and PENNYMAC LOAN SERVICES, LLC ($15,849).

The lowest rate San Francisco VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.99%), QUICKEN LOANS, LLC (3.58%), FREEDOM MORTGAGE CORPORATION (3.62%), GUARANTEED RATE, INC. (3.73%) and HOME POINT FINANCIAL CORPORATION (3.75%).


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 $843,722 (6.9%) $1,502,824 (14.4%) 3.13 2,294
2018-02-01 $898,500 (6.4%) $1,547,349 (12.0%) 3.27 2,716
2018-03-01 $949,000 (6.2%) $1,582,709 (10.9%) 3.33 3,122
2018-04-01 $986,856 (9.8%) $1,610,195 (8.1%) 3.35 3,620
2018-05-01 $996,500 (10.7%) $1,616,330 (8.3%) 3.33 4,074
2018-06-01 $988,000 (9.5%) $1,574,951 (5.9%) 3.29 4,494
2018-07-01 $927,500 (6.0%) $1,481,163 (3.7%) 3.10 4,809
2018-08-01 $889,000 (4.7%) $1,383,831 (-0.7%) 2.98 4,925
2018-09-01 $899,000 (2.8%) $1,401,721 (-4.4%) 3.02 5,961
2018-10-01 $899,000 (0.0%) $1,409,946 (-8.0%) 3.04 6,158
2018-11-01 $889,750 (-1.0%) $1,428,592 (-8.0%) 3.02 5,844
2018-12-01 $849,950 (-3.3%) $1,339,459 (-16.3%) 2.93 4,174
2019-01-01 $831,417 (-1.5%) $1,301,294 (-13.4%) 2.87 3,563
2019-02-01 $887,000 (-1.3%) $1,416,706 (-8.4%) 3.00 4,084
2019-03-01 $920,000 (-3.1%) $1,460,953 (-7.7%) 3.07 4,617
2019-04-01 $947,444 (-4.0%) $1,529,223 (-5.0%) 3.01 4,898
2019-05-01 $968,500 (-2.8%) $1,494,490 (-7.5%) 3.03 5,465
2019-06-01 $959,950 (-2.8%) $1,484,044 (-5.8%) 3.00 5,927
2019-07-01 $927,000 (-0.1%) $1,529,948 (3.3%) 2.90 5,830
2019-08-01 $899,950 (1.2%) $1,586,053 (14.6%) 2.82 5,544
2019-09-01 $950,000 (5.7%) $1,613,431 (15.1%) 3.00 4,791
2019-10-01 $949,500 (5.6%) $1,541,408 (9.3%) 3.06 6,087
2019-11-01 $949,000 (6.7%) $1,609,486 (12.7%) 3.11 4,960
2019-12-01 $899,000 (5.8%) $1,686,261 (25.9%) 3.00 2,990
2020-01-01 $893,500 (7.5%) $1,699,296 (30.6%) 2.99 2,563
2020-02-01 $997,000 (12.4%) $1,747,168 (23.3%) 3.26 3,088
2020-03-01 $998,944 (8.6%) $1,709,840 (17.0%) 3.13 3,526
2020-04-01 $958,219 (1.1%) $1,534,690 (0.4%) 3.00 3,419
2020-05-01 $999,888 (3.2%) $1,610,995 (7.8%) 3.04 4,583
2020-06-01 $1,078,750 (12.4%) $1,662,007 (12.0%) 3.18 4,952
2020-07-01 $1,091,500 (17.8%) $1,679,555 (9.8%) 3.16 5,062
2020-08-01 $1,050,000 (16.7%) $1,673,332 (5.5%) 3.01 5,205
2020-09-01 $1,052,254 (10.8%) $1,676,293 (3.9%) 3.02 5,405
2020-10-01 $1,070,000 (12.7%) $1,673,373 (8.6%) 3.07 5,810
2020-11-01 $1,049,000 (10.5%) $1,662,686 (3.3%) 3.07 5,172
2020-12-01 $998,250 (11.0%) $1,709,727 (1.4%) 2.97 3,718
2021-01-01 $989,000 (10.7%) $1,747,263 (2.8%) 2.95 3,040
2021-02-01 $999,498 (0.3%) $1,772,590 (1.5%) 2.91 3,232
2021-03-01 $1,014,498 (1.6%) $1,858,285 (8.7%) 2.88 3,374
2021-04-01 $1,049,500 (9.5%) $1,865,405 (21.6%) 2.84 3,460
2021-05-01 $1,079,925 (8.0%) $1,871,223 (16.2%) 2.87 3,498
2021-06-01 $1,062,750 (-1.5%) $1,795,584 (8.0%) 2.80 3,903
2021-07-01 $999,000 (-8.5%) $1,685,355 (0.4%) 2.64 4,248
2021-08-01 $995,000 (-5.2%) $1,642,094 (-1.9%) 2.65 4,270
2021-09-01 $993,500 (-5.6%) $1,695,927 (1.2%) 2.65 4,607
2021-10-01 $996,500 (-6.9%) $1,757,446 (5.0%) 2.66 4,573
2021-11-01 $983,750 (-6.2%) $1,869,760 (12.5%) 2.63 3,551
2021-12-01 $949,000 (-4.9%) $1,844,451 (7.9%) 2.57 2,331
2022-01-01 $949,000 (-4.0%) $1,743,484 (-0.2%) 2.57 2,034
2022-02-01 $992,000 (-0.8%) $1,754,739 (-1.0%) 2.58 2,482
2022-03-01 $1,047,500 (3.3%) $1,732,477 (-6.8%) 2.62 3,008
2022-04-01 $1,098,000 (4.6%) $1,752,732 (-6.0%) 2.62 3,395
2022-05-01 $1,124,000 (4.1%) $1,731,909 (-7.5%) 2.57 4,616
2022-06-01 $1,144,500 (7.7%) $1,717,936 (-4.3%) 2.55 5,680
2022-07-01 $1,098,000 (9.9%) $1,627,106 (-3.5%) 2.48 6,245
2022-08-01 $1,043,000 (4.8%) $1,568,280 (-4.5%) 2.41 5,969
2022-09-01 $1,089,444 (9.7%) $1,647,284 (-2.9%) 2.55 5,923
2022-10-01 $1,090,000 (9.4%) $1,692,939 (-3.7%) 2.56 6,027
2022-11-01 $1,037,000 (5.4%) $1,690,579 (-9.6%) 2.49 5,369
2022-12-01 $993,210 (4.7%) $1,666,894 (-9.6%) 2.45 3,656
2023-01-01 $978,500 (3.1%) $1,644,241 (-5.7%) 2.42 2,987
2023-02-01 $1,008,750 (1.7%) $1,759,086 (0.3%) 2.43 3,089
2023-03-01 $1,080,000 (3.1%) $1,802,730 (4.1%) 2.54 3,163
2023-04-01 $1,150,000 (4.7%) $1,885,548 (7.6%) 2.67 3,341
San Francisco's median listing price for 2023-04-01 was $1,150,000, a difference of $52,000 (4.7%) versus the prior year and $70,000 versus the prior month.

San Francisco's median listing price comes in at 267% of the national average.

San Francisco's average listing price for 2023-04-01 was $1,885,548, a difference of $132,816 (7.6%) versus the prior year and $82,818 versus the prior month.

For the 2023-04-01 period, San Francisco had 3,341 MLS listings, a difference of 178 listings (6%) versus the prior month and -54 listings (-2%) 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 31 days 1,719 sqft
2018-02-01 19 days 1,741 sqft
2018-03-01 21 days 1,763 sqft
2018-04-01 23 days 1,798 sqft
2018-05-01 21 days 1,811 sqft
2018-06-01 24 days 1,785 sqft
2018-07-01 29 days 1,743 sqft
2018-08-01 30 days 1,714 sqft
2018-09-01 27 days 1,696 sqft
2018-10-01 31 days 1,694 sqft
2018-11-01 37 days 1,664 sqft
2018-12-01 50 days 1,620 sqft
2019-01-01 49 days 1,605 sqft
2019-02-01 26 days 1,642 sqft
2019-03-01 28 days 1,717 sqft
2019-04-01 27 days 1,778 sqft
2019-05-01 26 days 1,821 sqft
2019-06-01 32 days 1,795 sqft
2019-07-01 36 days 1,763 sqft
2019-08-01 41 days 1,786 sqft
2019-09-01 43 days 1,810 sqft
2019-10-01 37 days 1,705 sqft
2019-11-01 50 days 1,698 sqft
2019-12-01 68 days 1,708 sqft
2020-01-01 54 days 1,682 sqft
2020-02-01 23 days 1,720 sqft
2020-03-01 25 days 1,754 sqft
2020-04-01 39 days 1,756 sqft
2020-05-01 32 days 1,760 sqft
2020-06-01 32 days 1,713 sqft
2020-07-01 33 days 1,635 sqft
2020-08-01 36 days 1,586 sqft
2020-09-01 36 days 1,549 sqft
2020-10-01 35 days 1,541 sqft
2020-11-01 45 days 1,519 sqft
2020-12-01 57 days 1,489 sqft
2021-01-01 51 days 1,462 sqft
2021-02-01 28 days 1,482 sqft
2021-03-01 29 days 1,524 sqft
2021-04-01 30 days 1,550 sqft
2021-05-01 28 days 1,573 sqft
2021-06-01 28 days 1,555 sqft
2021-07-01 27 days 1,548 sqft
2021-08-01 29 days 1,546 sqft
2021-09-01 29 days 1,534 sqft
2021-10-01 30 days 1,515 sqft
2021-11-01 39 days 1,497 sqft
2021-12-01 48 days 1,452 sqft
2022-01-01 38 days 1,419 sqft
2022-02-01 19 days 1,453 sqft
2022-03-01 22 days 1,507 sqft
2022-04-01 23 days 1,536 sqft
2022-05-01 23 days 1,572 sqft
2022-06-01 25 days 1,600 sqft
2022-07-01 31 days 1,582 sqft
2022-08-01 36 days 1,570 sqft
2022-09-01 38 days 1,594 sqft
2022-10-01 38 days 1,606 sqft
2022-11-01 46 days 1,592 sqft
2022-12-01 62 days 1,560 sqft
2023-01-01 64 days 1,552 sqft
2023-02-01 33 days 1,557 sqft
2023-03-01 34 days 1,572 sqft
2023-04-01 32 days 1,625 sqft
San Francisco's median listing age (time on market) for 2023-04-01 was 32 days. This is 39% longer than the same period one year ago.

San Francisco's median square footage for active listings during the 2023-04-01 period was 1,625 sqft. One year prior, the average listing was 1,536 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.