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 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%.

    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%) $1,610,256 (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 for 2023-10-01 was $1,098,000, a difference of $8,000 (0.7%) versus the prior year and $3,000 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-10-01 was 35 days. This is -7% shorter than the same period one year ago.

    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.

    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.