San Francisco VA Loan Rates, Closing Costs & Stats

San Francisco-Oakland-Berkeley, CA

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    • 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 6.01% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

    The average rate for the prior week (2024-12-06) was 5.95% and one month ago for the week of 2024-11-08, the average rate was 6.34%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.92%.

    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
    2024-05-01 $1,041,406 (-11.7%) $1,847,125 (-4.8%) 2.35 5,048
    2024-06-01 $998,994 (-13.1%) $1,753,398 (-9.6%) 2.24 5,541
    2024-07-01 $995,000 (-9.6%) $1,636,402 (-11.0%) 2.27 5,508
    2024-08-01 $969,000 (-7.7%) $1,552,777 (-10.2%) 2.25 5,374
    2024-09-01 $997,500 (-8.9%) $1,602,783 (-8.8%) 2.35 6,139
    2024-10-01 $996,500 (-9.2%) $1,606,843 (-9.2%) 2.35 6,140
    2024-11-01 $969,498 (-9.1%) $1,589,177 (-9.5%) 2.33 5,386
    San Francisco's median listing price for 2024-11-01 was $969,498, a difference of $-97,502 (-9.1%) versus the prior year and $-27,002 versus the prior month.

    San Francisco's median listing price comes in at 233% of the national average.

    San Francisco's average listing price for 2024-11-01 was $1,589,177, a difference of $-165,904 (-9.5%) versus the prior year and $-17,666 versus the prior month.

    For the 2024-11-01 period, San Francisco had 5,386 MLS listings, a difference of -754 listings (-12%) versus the prior month and 715 listings (15%) 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
    2024-05-01 23 days 1,562 sqft
    2024-06-01 29 days 1,550 sqft
    2024-07-01 38 days 1,543 sqft
    2024-08-01 37 days 1,513 sqft
    2024-09-01 33 days 1,537 sqft
    2024-10-01 38 days 1,539 sqft
    2024-11-01 51 days 1,518 sqft
    San Francisco's median listing age (time on market) for 2024-11-01 was 51 days. This is 21% longer than the same period one year ago.

    San Francisco's median square footage for active listings during the 2024-11-01 period was 1,518 sqft. One year prior, the average listing was 1,563 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.