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
-0.84%
for the week of 2023-11-24, compared to the national average (all VA variants) of
0% for the same period.
San Francisco's average VA mortgage closing costs are $9,581.
The average rate for the prior week (2023-11-17) was
6.51% and
one month ago for the week of 2023-10-20, the
average rate was 6.84%.
The average rate one year ago was 5.55%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.97%.
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.
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. LouisDate | 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%) | $1,610,256 (8.0%) | 3.35 | 3,620 |
2018-05-01 | $996,500 (10.7%) | $1,616,309 (8.3%) | 3.33 | 4,074 |
2018-06-01 | $988,000 (9.5%) | $1,574,946 (5.8%) | 3.29 | 4,494 |
2018-07-01 | $927,500 (6.0%) | $1,481,278 (3.6%) | 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 (-4.5%) | 3.02 | 5,961 |
2018-10-01 | $899,000 (0.0%) | $1,409,951 (-8.1%) | 3.05 | 6,158 |
2018-11-01 | $890,000 (-1.0%) | $1,429,127 (-8.0%) | 3.02 | 5,844 |
2018-12-01 | $849,950 (-3.3%) | $1,339,459 (-16.4%) | 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%) | $1,416,770 (-8.4%) | 3.00 | 4,084 |
2019-03-01 | $916,429 (-3.4%) | $1,481,212 (-6.4%) | 3.00 | 4,499 |
2019-04-01 | $947,000 (-4.0%) | $1,548,778 (-3.8%) | 3.01 | 4,891 |
2019-05-01 | $968,625 (-2.8%) | $1,495,281 (-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 | $919,182 (3.4%) | $1,548,979 (11.9%) | 2.91 | 5,902 |
2019-09-01 | $935,955 (4.1%) | $1,536,080 (9.6%) | 3.00 | 6,015 |
2019-10-01 | $949,500 (5.6%) | $1,533,683 (8.8%) | 3.06 | 6,075 |
2019-11-01 | $949,000 (6.6%) | $1,609,486 (12.6%) | 3.11 | 4,960 |
2019-12-01 | $899,000 (5.8%) | $1,686,148 (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%) | 3.27 | 3,088 |
2020-03-01 | $998,944 (9.0%) | $1,709,858 (15.4%) | 3.13 | 3,526 |
2020-04-01 | $958,219 (1.2%) | $1,534,690 (-0.9%) | 3.00 | 3,419 |
2020-05-01 | $999,888 (3.2%) | $1,610,995 (7.7%) | 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 (14.2%) | $1,673,332 (8.0%) | 3.01 | 5,205 |
2020-09-01 | $1,052,254 (12.4%) | $1,676,293 (9.1%) | 3.02 | 5,405 |
2020-10-01 | $1,070,000 (12.7%) | $1,673,373 (9.1%) | 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%) | $1,709,651 (1.4%) | 2.97 | 3,718 |
2021-01-01 | $989,000 (10.7%) | $1,747,046 (2.8%) | 2.95 | 3,040 |
2021-02-01 | $999,498 (0.3%) | $1,773,068 (1.5%) | 2.91 | 3,232 |
2021-03-01 | $1,014,248 (1.5%) | $1,857,888 (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 | $1,079,950 (8.0%) | $1,871,223 (16.2%) | 2.87 | 3,498 |
2021-06-01 | $1,062,750 (-1.5%) | $1,795,464 (8.0%) | 2.80 | 3,903 |
2021-07-01 | $999,000 (-8.5%) | $1,685,560 (0.4%) | 2.64 | 4,248 |
2021-08-01 | $995,000 (-5.2%) | $1,642,265 (-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 | $997,000 (-6.8%) | $1,757,446 (5.0%) | 2.66 | 4,573 |
2021-11-01 | $983,750 (-6.2%) | $1,869,686 (12.5%) | 2.63 | 3,551 |
2021-12-01 | $949,000 (-4.9%) | $1,843,955 (7.9%) | 2.57 | 2,331 |
2022-01-01 | $949,000 (-4.0%) | $1,751,443 (0.3%) | 2.57 | 2,034 |
2022-02-01 | $992,000 (-0.8%) | $1,754,521 (-1.1%) | 2.58 | 2,482 |
2022-03-01 | $1,047,000 (3.2%) | $1,732,238 (-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%) | $1,732,039 (-7.4%) | 2.57 | 4,616 |
2022-06-01 | $1,145,000 (7.7%) | $1,718,474 (-4.3%) | 2.55 | 5,680 |
2022-07-01 | $1,098,000 (9.9%) | $1,625,718 (-3.6%) | 2.47 | 6,245 |
2022-08-01 | $1,043,000 (4.8%) | $1,568,124 (-4.5%) | 2.41 | 5,969 |
2022-09-01 | $1,089,472 (9.7%) | $1,647,500 (-2.9%) | 2.55 | 5,923 |
2022-10-01 | $1,090,000 (9.3%) | $1,692,438 (-3.7%) | 2.56 | 6,027 |
2022-11-01 | $1,037,000 (5.4%) | $1,691,238 (-9.5%) | 2.49 | 5,369 |
2022-12-01 | $993,000 (4.6%) | $1,665,404 (-9.7%) | 2.45 | 3,656 |
2023-01-01 | $978,500 (3.1%) | $1,644,202 (-6.1%) | 2.43 | 2,987 |
2023-02-01 | $1,002,500 (1.1%) | $1,758,580 (0.2%) | 2.42 | 3,089 |
2023-03-01 | $1,080,250 (3.2%) | $1,802,443 (4.1%) | 2.55 | 3,163 |
2023-04-01 | $1,150,000 (4.7%) | $1,884,965 (7.5%) | 2.67 | 3,341 |
2023-05-01 | $1,178,000 (4.8%) | $1,938,740 (11.9%) | 2.67 | 3,691 |
2023-06-01 | $1,150,000 (0.4%) | $1,939,040 (12.8%) | 2.58 | 3,977 |
2023-07-01 | $1,100,000 (0.2%) | $1,836,455 (13.0%) | 2.50 | 4,040 |
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 |
San Francisco's median listing price comes in at 258% of the national average.
San Francisco's average listing price for 2023-10-01 was $1,768,808, a difference of $76,370 (4.5%) versus the prior year and $10,735 versus the prior month.
For the 2023-10-01 period, San Francisco had 5,053 MLS listings, a difference of 240 listings (5%) versus the prior month and -974 listings (-16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - San Francisco (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 30 days | 1,720 sqft |
2018-02-01 | 19 days | 1,744 sqft |
2018-03-01 | 21 days | 1,763 sqft |
2018-04-01 | 22 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 | 29 days | 1,714 sqft |
2018-09-01 | 26 days | 1,698 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 | 48 days | 1,604 sqft |
2019-02-01 | 26 days | 1,642 sqft |
2019-03-01 | 28 days | 1,712 sqft |
2019-04-01 | 26 days | 1,779 sqft |
2019-05-01 | 26 days | 1,821 sqft |
2019-06-01 | 31 days | 1,795 sqft |
2019-07-01 | 36 days | 1,763 sqft |
2019-08-01 | 36 days | 1,746 sqft |
2019-09-01 | 35 days | 1,723 sqft |
2019-10-01 | 36 days | 1,705 sqft |
2019-11-01 | 49 days | 1,697 sqft |
2019-12-01 | 66 days | 1,708 sqft |
2020-01-01 | 53 days | 1,682 sqft |
2020-02-01 | 23 days | 1,720 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 | 1,712 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 | 34 days | 1,540 sqft |
2020-11-01 | 45 days | 1,518 sqft |
2020-12-01 | 56 days | 1,489 sqft |
2021-01-01 | 49 days | 1,462 sqft |
2021-02-01 | 28 days | 1,482 sqft |
2021-03-01 | 29 days | 1,524 sqft |
2021-04-01 | 29 days | 1,549 sqft |
2021-05-01 | 27 days | 1,575 sqft |
2021-06-01 | 27 days | 1,556 sqft |
2021-07-01 | 26 days | 1,548 sqft |
2021-08-01 | 29 days | 1,546 sqft |
2021-09-01 | 28 days | 1,533 sqft |
2021-10-01 | 30 days | 1,515 sqft |
2021-11-01 | 39 days | 1,498 sqft |
2021-12-01 | 47 days | 1,454 sqft |
2022-01-01 | 37 days | 1,420 sqft |
2022-02-01 | 18 days | 1,453 sqft |
2022-03-01 | 22 days | 1,507 sqft |
2022-04-01 | 23 days | 1,537 sqft |
2022-05-01 | 22 days | 1,572 sqft |
2022-06-01 | 24 days | 1,600 sqft |
2022-07-01 | 31 days | 1,584 sqft |
2022-08-01 | 36 days | 1,571 sqft |
2022-09-01 | 38 days | 1,594 sqft |
2022-10-01 | 37 days | 1,607 sqft |
2022-11-01 | 46 days | 1,593 sqft |
2022-12-01 | 61 days | 1,562 sqft |
2023-01-01 | 62 days | 1,552 sqft |
2023-02-01 | 33 days | 1,557 sqft |
2023-03-01 | 34 days | 1,574 sqft |
2023-04-01 | 31 days | 1,625 sqft |
2023-05-01 | 31 days | 1,639 sqft |
2023-06-01 | 32 days | 1,632 sqft |
2023-07-01 | 34 days | 1,620 sqft |
2023-08-01 | 33 days | 1,595 sqft |
2023-09-01 | 29 days | 1,590 sqft |
2023-10-01 | 35 days | 1,578 sqft |
San Francisco's median square footage for active listings during the 2023-10-01 period was 1,578 sqft. One year prior, the average listing was 1,607 sqft.