San Francisco VA Loans
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
6.54%
for the week of 2022-09-30, compared to the national average (all VA variants) of
6.363% for the same period.
The average rate for the prior week (2022-09-23) was
6.11% and
one month ago for the week of 2022-08-26, the
average rate was 5.37%.
The average rate one year ago was 3.04%.
For refis of the same type during the week of 2022-09-30, the average rate
was 6.51%.
San Francisco VA Loan Lenders by Rates & Fees
The below table looks at the average fees 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 | $832,915 (4.3%) | $1,485,691 (14.7%) | 3.07 | 2,454 |
| 2018-02-01 | $894,500 (6.6%) | $1,527,161 (11.4%) | 3.23 | 2,923 |
| 2018-03-01 | $939,000 (5.9%) | $1,557,480 (10.1%) | 3.25 | 3,362 |
| 2018-04-01 | $981,500 (9.7%) | $1,627,669 (10.6%) | 3.29 | 3,858 |
| 2018-05-01 | $992,500 (10.4%) | $1,631,792 (10.6%) | 3.31 | 4,356 |
| 2018-06-01 | $980,000 (8.9%) | $1,586,014 (7.6%) | 3.27 | 4,862 |
| 2018-07-01 | $922,500 (5.4%) | $1,505,141 (5.4%) | 3.08 | 5,230 |
| 2018-08-01 | $889,750 (4.7%) | $1,367,976 (-0.2%) | 2.97 | 5,420 |
| 2018-09-01 | $899,000 (3.9%) | $1,380,708 (-3.8%) | 3.01 | 6,521 |
| 2018-10-01 | $899,000 (1.0%) | $1,390,218 (-7.7%) | 3.01 | 6,733 |
| 2018-11-01 | $887,444 (-0.2%) | $1,454,799 (-4.5%) | 2.98 | 6,398 |
| 2018-12-01 | $849,000 (-2.3%) | $1,321,150 (-14.6%) | 2.91 | 4,585 |
| 2019-01-01 | $822,444 (-1.3%) | $1,281,720 (-13.7%) | 2.84 | 3,911 |
| 2019-02-01 | $878,000 (-1.8%) | $1,392,919 (-8.8%) | 2.94 | 4,470 |
| 2019-03-01 | $905,143 (-3.6%) | $1,481,646 (-4.9%) | 2.95 | 4,885 |
| 2019-04-01 | $938,000 (-4.4%) | $1,523,268 (-6.4%) | 2.95 | 5,273 |
| 2019-05-01 | $952,500 (-4.0%) | $1,495,179 (-8.4%) | 2.94 | 5,904 |
| 2019-06-01 | $949,950 (-3.1%) | $1,469,299 (-7.4%) | 2.92 | 6,445 |
| 2019-07-01 | $927,000 (0.5%) | $1,511,051 (0.4%) | 2.88 | 6,372 |
| 2019-08-01 | $910,657 (2.4%) | $1,486,560 (8.7%) | 2.87 | 6,238 |
| 2019-09-01 | $925,000 (2.9%) | $1,470,599 (6.5%) | 2.94 | 6,177 |
| 2019-10-01 | $946,500 (5.3%) | $1,522,534 (9.5%) | 3.02 | 6,536 |
| 2019-11-01 | $949,950 (7.0%) | $1,628,141 (11.9%) | 3.07 | 5,321 |
| 2019-12-01 | $897,250 (5.7%) | $1,711,252 (29.5%) | 2.99 | 3,202 |
| 2020-01-01 | $893,500 (8.6%) | $1,682,109 (31.2%) | 2.98 | 2,718 |
| 2020-02-01 | $969,950 (10.5%) | $1,703,609 (22.3%) | 3.13 | 3,486 |
| 2020-03-01 | $987,475 (9.1%) | $1,666,066 (12.5%) | 3.09 | 3,860 |
| 2020-04-01 | $950,000 (1.3%) | $1,566,455 (2.8%) | 2.96 | 3,669 |
| 2020-05-01 | $999,000 (4.9%) | $1,631,205 (9.1%) | 3.03 | 4,853 |
| 2020-06-01 | $1,075,000 (13.2%) | $1,673,197 (13.9%) | 3.14 | 5,218 |
| 2020-07-01 | $1,084,000 (16.9%) | $1,688,769 (11.8%) | 3.11 | 5,348 |
| 2020-08-01 | $1,050,000 (15.3%) | $1,693,359 (13.9%) | 3.00 | 5,513 |
| 2020-09-01 | $1,067,444 (15.4%) | $1,710,780 (16.3%) | 3.05 | 5,702 |
| 2020-10-01 | $1,075,000 (13.6%) | $1,704,790 (12.0%) | 3.07 | 6,146 |
| 2020-11-01 | $1,050,000 (10.5%) | $1,687,095 (3.6%) | 3.01 | 5,521 |
| 2020-12-01 | $998,940 (11.3%) | $1,715,364 (0.2%) | 2.93 | 3,965 |
| 2021-01-01 | $995,000 (11.4%) | $1,765,083 (4.9%) | 2.93 | 3,084 |
| 2021-02-01 | $999,997 (3.1%) | $1,783,564 (4.7%) | 2.88 | 3,223 |
| 2021-03-01 | $1,021,500 (3.5%) | $1,869,112 (12.2%) | 2.86 | 3,354 |
| 2021-04-01 | $1,049,500 (10.5%) | $1,871,486 (19.5%) | 2.82 | 3,430 |
| 2021-05-01 | $1,088,000 (8.9%) | $1,891,446 (16.0%) | 2.86 | 3,463 |
| 2021-06-01 | $1,079,000 (0.4%) | $1,809,889 (8.2%) | 2.80 | 3,872 |
| 2021-07-01 | $999,500 (-7.8%) | $1,709,988 (1.3%) | 2.60 | 4,134 |
| 2021-08-01 | $995,000 (-5.2%) | $1,648,041 (-2.7%) | 2.62 | 4,245 |
| 2021-09-01 | $993,500 (-6.9%) | $1,704,806 (-0.4%) | 2.61 | 4,585 |
| 2021-10-01 | $997,000 (-7.3%) | $1,774,651 (4.1%) | 2.62 | 4,575 |
| 2021-11-01 | $984,450 (-6.2%) | $1,795,658 (6.4%) | 2.59 | 3,554 |
| 2021-12-01 | $954,000 (-4.5%) | $1,842,466 (7.4%) | 2.54 | 2,340 |
| 2022-01-01 | $949,000 (-4.6%) | $1,746,953 (-1.0%) | 2.53 | 2,009 |
| 2022-02-01 | $995,000 (-0.5%) | $1,747,732 (-2.0%) | 2.54 | 2,480 |
| 2022-03-01 | $1,044,000 (2.2%) | $1,732,109 (-7.3%) | 2.58 | 2,996 |
| 2022-04-01 | $1,098,000 (4.6%) | $1,743,680 (-6.8%) | 2.58 | 3,369 |
| 2022-05-01 | $1,129,000 (3.8%) | $1,745,306 (-7.7%) | 2.53 | 4,587 |
| 2022-06-01 | $1,149,500 (6.5%) | $1,740,368 (-3.8%) | 2.55 | 5,663 |
| 2022-07-01 | $1,099,000 (10.0%) | $1,648,282 (-3.6%) | 2.45 | 6,249 |
| 2022-08-01 | $1,049,000 (5.4%) | $1,591,696 (-3.4%) | 2.41 | 5,960 |
San Francisco's median listing price comes in at 241% of the national average.
San Francisco's average listing price for 2022-08-01 was $1,591,696, a difference of $-56,345 (-3.4%) versus the prior year and $-56,586 versus the prior month.
For the 2022-08-01 period, San Francisco had 5,960 MLS listings, a difference of -289 listings (-5%) versus the prior month and 1,715 listings (40%) 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 | 1,710 sqft |
| 2018-02-01 | 19 days | 1,736 sqft |
| 2018-03-01 | 22 days | 1,750 sqft |
| 2018-04-01 | 23 days | 1,781 sqft |
| 2018-05-01 | 21 days | 1,803 sqft |
| 2018-06-01 | 24 days | 1,780 sqft |
| 2018-07-01 | 29 days | 1,735 sqft |
| 2018-08-01 | 29 days | 1,701 sqft |
| 2018-09-01 | 27 days | 1,686 sqft |
| 2018-10-01 | 31 days | 1,687 sqft |
| 2018-11-01 | 37 days | 1,655 sqft |
| 2018-12-01 | 50 days | 1,609 sqft |
| 2019-01-01 | 49 days | 1,595 sqft |
| 2019-02-01 | 27 days | 1,631 sqft |
| 2019-03-01 | 28 days | 1,691 sqft |
| 2019-04-01 | 28 days | 1,757 sqft |
| 2019-05-01 | 28 days | 1,811 sqft |
| 2019-06-01 | 30 days | 1,787 sqft |
| 2019-07-01 | 35 days | 1,740 sqft |
| 2019-08-01 | 36 days | 1,726 sqft |
| 2019-09-01 | 35 days | 1,722 sqft |
| 2019-10-01 | 34 days | 1,706 sqft |
| 2019-11-01 | 42 days | 1,703 sqft |
| 2019-12-01 | 57 days | 1,707 sqft |
| 2020-01-01 | 54 days | 1,680 sqft |
| 2020-02-01 | 18 days | 1,723 sqft |
| 2020-03-01 | 28 days | 1,760 sqft |
| 2020-04-01 | 37 days | 1,764 sqft |
| 2020-05-01 | 33 days | 1,760 sqft |
| 2020-06-01 | 30 days | 1,702 sqft |
| 2020-07-01 | 30 days | 1,625 sqft |
| 2020-08-01 | 31 days | 1,569 sqft |
| 2020-09-01 | 30 days | 1,533 sqft |
| 2020-10-01 | 29 days | 1,525 sqft |
| 2020-11-01 | 40 days | 1,500 sqft |
| 2020-12-01 | 51 days | 1,479 sqft |
| 2021-01-01 | 46 days | 1,454 sqft |
| 2021-02-01 | 28 days | 1,485 sqft |
| 2021-03-01 | 29 days | 1,530 sqft |
| 2021-04-01 | 30 days | 1,548 sqft |
| 2021-05-01 | 28 days | 1,562 sqft |
| 2021-06-01 | 28 days | 1,560 sqft |
| 2021-07-01 | 28 days | 1,546 sqft |
| 2021-08-01 | 29 days | 1,548 sqft |
| 2021-09-01 | 29 days | 1,538 sqft |
| 2021-10-01 | 30 days | 1,514 sqft |
| 2021-11-01 | 38 days | 1,502 sqft |
| 2021-12-01 | 44 days | 1,455 sqft |
| 2022-01-01 | 39 days | 1,423 sqft |
| 2022-02-01 | 21 days | 1,447 sqft |
| 2022-03-01 | 23 days | 1,504 sqft |
| 2022-04-01 | 24 days | 1,540 sqft |
| 2022-05-01 | 23 days | 1,573 sqft |
| 2022-06-01 | 25 days | 1,601 sqft |
| 2022-07-01 | 30 days | 1,582 sqft |
| 2022-08-01 | 35 days | 1,573 sqft |
San Francisco's median square footage for active listings during the 2022-08-01 period was 1,573 sqft. One year prior, the average listing was 1,548 sqft.
