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 178 lenders originated 4,495 VA loans during 2021. The total origination value was $2,822,485,000, with an average VA loan value of $627,917.
San Francisco VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in San Francisco
averaged
0.28%
for the week of 2023-01-20, compared to the national average (all VA variants) of
0% for the same period.
San Francisco's average VA mortgage closing costs are $8,998.
The average rate for the prior week (2023-01-13) was
6.36% and
one month ago for the week of 2022-12-16, the
average rate was 6.23%.
The average rate one year ago was 3.44%.
For refis of the same type during the week of 2023-01-20, the average rate
was 0.25%.
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 QUICKEN LOANS, LLC, with
535 VA loans originated. Their average total fees are
$6,589, which is $1,739
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee San Francisco VA lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION ($3,650), LAKEVIEW LOAN SERVICING, LLC ($3,978), Lakeview Community Capital, LLC ($4,373), PLANET HOME LENDING, LLC ($4,801) and FREEDOM MORTGAGE CORPORATION ($4,849).
The lowest rate San Francisco VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE (2.25%), PENNYMAC LOAN SERVICES, LLC (2.28%), CLEARPATH LENDING (2.29%), First Guaranty Mortgage Corporation (2.29%) and FREEDOM MORTGAGE CORPORATION (2.34%).
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%) | 3.26 | 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%) | 3.09 | 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%) | $1,409,950 (-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%) | 2.99 | 4,084 |
| 2019-03-01 | $916,429 (-3.4%) | $1,481,267 (-6.4%) | 3.00 | 4,502 |
| 2019-04-01 | $947,447 (-4.0%) | $1,548,792 (-3.8%) | 3.01 | 4,897 |
| 2019-05-01 | $968,500 (-2.8%) | $1,494,063 (-7.6%) | 3.03 | 5,473 |
| 2019-06-01 | $959,000 (-2.9%) | $1,483,525 (-5.8%) | 3.00 | 5,938 |
| 2019-07-01 | $927,000 (-0.1%) | $1,528,686 (3.2%) | 2.90 | 5,843 |
| 2019-08-01 | $913,364 (2.7%) | $1,547,627 (11.8%) | 2.89 | 5,915 |
| 2019-09-01 | $933,409 (3.8%) | $1,534,716 (9.5%) | 2.99 | 6,028 |
| 2019-10-01 | $949,500 (5.6%) | $1,532,300 (8.7%) | 3.06 | 6,088 |
| 2019-11-01 | $949,000 (6.7%) | $1,607,727 (12.5%) | 3.11 | 4,972 |
| 2019-12-01 | $899,000 (5.8%) | $1,683,426 (25.7%) | 3.00 | 3,003 |
| 2020-01-01 | $893,500 (7.5%) | $1,695,620 (30.3%) | 2.99 | 2,576 |
| 2020-02-01 | $995,000 (12.2%) | $1,743,771 (23.1%) | 3.25 | 3,101 |
| 2020-03-01 | $998,900 (9.0%) | $1,707,108 (15.3%) | 3.13 | 3,539 |
| 2020-04-01 | $954,500 (0.7%) | $1,532,245 (-1.1%) | 2.99 | 3,432 |
| 2020-05-01 | $999,819 (3.2%) | $1,608,862 (7.7%) | 3.04 | 4,596 |
| 2020-06-01 | $1,077,500 (12.4%) | $1,660,004 (11.9%) | 3.17 | 4,965 |
| 2020-07-01 | $1,091,500 (17.8%) | $1,677,562 (9.7%) | 3.16 | 5,075 |
| 2020-08-01 | $1,050,000 (15.0%) | $1,671,463 (8.0%) | 3.01 | 5,218 |
| 2020-09-01 | $1,050,000 (12.5%) | $1,674,446 (9.1%) | 3.01 | 5,418 |
| 2020-10-01 | $1,069,500 (12.6%) | $1,671,657 (9.1%) | 3.06 | 5,822 |
| 2020-11-01 | $1,049,000 (10.5%) | $1,660,991 (3.3%) | 3.06 | 5,184 |
| 2020-12-01 | $998,000 (11.0%) | $1,706,998 (1.4%) | 2.97 | 3,729 |
| 2021-01-01 | $988,888 (10.7%) | $1,744,237 (2.9%) | 2.95 | 3,051 |
| 2021-02-01 | $999,452 (0.5%) | $1,769,480 (1.5%) | 2.91 | 3,243 |
| 2021-03-01 | $1,013,225 (1.4%) | $1,855,249 (8.7%) | 2.87 | 3,385 |
| 2021-04-01 | $1,049,500 (10.0%) | $1,862,267 (21.5%) | 2.84 | 3,472 |
| 2021-05-01 | $1,079,000 (7.9%) | $1,868,297 (16.1%) | 2.85 | 3,510 |
| 2021-06-01 | $1,062,400 (-1.4%) | $1,792,475 (8.0%) | 2.80 | 3,912 |
| 2021-07-01 | $999,000 (-8.5%) | $1,683,483 (0.4%) | 2.63 | 4,255 |
| 2021-08-01 | $995,000 (-5.2%) | $1,640,252 (-1.9%) | 2.65 | 4,278 |
| 2021-09-01 | $993,000 (-5.4%) | $1,694,004 (1.2%) | 2.65 | 4,619 |
| 2021-10-01 | $995,400 (-6.9%) | $1,755,411 (5.0%) | 2.65 | 4,585 |
| 2021-11-01 | $983,472 (-6.3%) | $1,866,214 (12.4%) | 2.63 | 3,564 |
| 2021-12-01 | $946,238 (-5.2%) | $1,841,100 (7.9%) | 2.56 | 2,343 |
| 2022-01-01 | $949,000 (-4.0%) | $1,739,182 (-0.3%) | 2.57 | 2,046 |
| 2022-02-01 | $992,000 (-0.8%) | $1,751,144 (-1.0%) | 2.58 | 2,494 |
| 2022-03-01 | $1,047,000 (3.3%) | $1,729,752 (-6.8%) | 2.62 | 3,020 |
| 2022-04-01 | $1,098,000 (4.6%) | $1,750,294 (-6.0%) | 2.62 | 3,407 |
| 2022-05-01 | $1,119,500 (3.8%) | $1,729,808 (-7.4%) | 2.56 | 4,628 |
| 2022-06-01 | $1,144,444 (7.7%) | $1,716,296 (-4.3%) | 2.55 | 5,692 |
| 2022-07-01 | $1,098,000 (9.9%) | $1,625,616 (-3.4%) | 2.48 | 6,258 |
| 2022-08-01 | $1,037,500 (4.3%) | $1,566,820 (-4.5%) | 2.40 | 5,982 |
| 2022-09-01 | $1,088,500 (9.6%) | $1,645,706 (-2.9%) | 2.55 | 5,936 |
| 2022-10-01 | $1,089,000 (9.4%) | $1,691,270 (-3.7%) | 2.56 | 6,040 |
| 2022-11-01 | $1,034,500 (5.2%) | $1,688,669 (-9.5%) | 2.49 | 5,382 |
| 2022-12-01 | $990,000 (4.6%) | $1,662,749 (-9.7%) | 2.48 | 3,679 |
San Francisco's median listing price comes in at 248% of the national average.
San Francisco's average listing price for 2022-12-01 was $1,662,749, a difference of $-178,351 (-9.7%) versus the prior year and $-25,920 versus the prior month.
For the 2022-12-01 period, San Francisco had 3,679 MLS listings, a difference of -1,703 listings (-32%) versus the prior month and 1,336 listings (57%) 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 | 1,744 sqft |
| 2018-03-01 | 21 days | 1,763 sqft |
| 2018-04-01 | 23 days | 1,797 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 | 1,695 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 | 1,643 sqft |
| 2019-03-01 | 28 days | 1,711 sqft |
| 2019-04-01 | 26 days | 1,779 sqft |
| 2019-05-01 | 26 days | 1,821 sqft |
| 2019-06-01 | 32 days | 1,796 sqft |
| 2019-07-01 | 37 days | 1,763 sqft |
| 2019-08-01 | 36 days | 1,746 sqft |
| 2019-09-01 | 36 days | 1,723 sqft |
| 2019-10-01 | 37 days | 1,705 sqft |
| 2019-11-01 | 50 days | 1,695 sqft |
| 2019-12-01 | 68 days | 1,708 sqft |
| 2020-01-01 | 54 days | 1,681 sqft |
| 2020-02-01 | 23 days | 1,719 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 | 1,714 sqft |
| 2020-07-01 | 33 days | 1,636 sqft |
| 2020-08-01 | 36 days | 1,589 sqft |
| 2020-09-01 | 36 days | 1,549 sqft |
| 2020-10-01 | 35 days | 1,540 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 | 1,481 sqft |
| 2021-03-01 | 29 days | 1,523 sqft |
| 2021-04-01 | 30 days | 1,549 sqft |
| 2021-05-01 | 28 days | 1,572 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 | 1,533 sqft |
| 2021-10-01 | 30 days | 1,514 sqft |
| 2021-11-01 | 40 days | 1,497 sqft |
| 2021-12-01 | 48 days | 1,451 sqft |
| 2022-01-01 | 39 days | 1,420 sqft |
| 2022-02-01 | 20 days | 1,452 sqft |
| 2022-03-01 | 22 days | 1,507 sqft |
| 2022-04-01 | 23 days | 1,537 sqft |
| 2022-05-01 | 23 days | 1,571 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 | 1,607 sqft |
| 2022-11-01 | 46 days | 1,594 sqft |
| 2022-12-01 | 63 days | 1,563 sqft |
San Francisco's median square footage for active listings during the 2022-12-01 period was 1,563 sqft. One year prior, the average listing was 1,451 sqft.