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%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the San Francisco level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 535 2.38% $6,589
FREEDOM MORTGAGE CORPORATION 355 2.34% $4,849
PENNYMAC LOAN SERVICES, LLC 289 2.28% $9,530
UNITED WHOLESALE MORTGAGE, LLC 288 2.47% $10,742
LOANDEPOT.COM, LLC 273 2.39% $6,895
Mortgage Research Center, LLC 192 2.79% $12,970
CALIBER HOME LOANS, INC. 153 2.45% $8,597
HOME POINT FINANCIAL CORPORATION 144 2.37% $7,658
AMERICAN PACIFIC MORTGAGE CORPORATION 89 2.68% $13,204
VILLAGE CAPITAL MORTGAGE 86 2.25% $8,259
NAVY FEDERAL CREDIT UNION 73 2.39% $12,697
LAKEVIEW LOAN SERVICING, LLC 71 2.42% $3,978
CROSSCOUNTRY MORTGAGE, LLC 68 2.64% $13,600
GUARANTEED RATE, INC. 64 2.45% $8,486
The Federal Savings Bank 61 2.40% $9,119
CLEARPATH LENDING 49 2.29% $7,437
AMERICAN FINANCIAL NETWORK, INC. 47 2.51% $17,941
CMG MORTGAGE, INC. 39 2.60% $20,620
HOMEBRIDGE FINANCIAL SERVICES, INC. 37 2.60% $13,285
Mr. Cooper ( Nationstar Mortgage ) 36 2.51% $6,777
NEWREZ LLC 35 2.59% $7,254
NEW DAY FINANCIAL, LLC 33 2.75% $14,858
Wells Fargo Bank 30 2.63% $8,090
FINANCE OF AMERICA MORTGAGE LLC 30 2.63% $6,949
PLANET HOME LENDING, LLC 29 2.45% $4,801
GUILD MORTGAGE COMPANY 28 2.55% $6,691
BROKER SOLUTIONS, INC. 28 2.46% $7,623
Lakeview Community Capital, LLC 28 2.38% $4,373
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 2.75% $14,079
LENDUS, LLC 27 2.68% $9,704
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 27 2.60% $15,778
Commerce Home Mortgage, Inc. 26 3.00% $14,185
USAA Federal Savings Bank 25 2.86% $6,781
PLAZA HOME MORTGAGE, INC. 25 2.49% $5,989
PENTAGON FEDERAL CREDIT UNION 24 2.37% $3,650
AMERISAVE MORTGAGE CORPORATION 23 2.46% $6,771
Flagstar Bank, FSB 21 2.54% $11,475
Barrington Bank & Trust Company, N.A. 20 2.62% $10,177
GUARANTEED RATE AFFINITY, LLC 19 2.46% $6,088
North American Savings Bank, F.S.B. 19 2.40% $7,686
MASON MCDUFFIE MORTGAGE CORPORATION 18 2.63% $13,694
STEARNS LENDING, LLC 17 2.55% $7,115
Paramount Residential Mortgage Group, Inc. 16 2.69% $12,393
MUTUAL OF OMAHA MORTGAGE, INC. 16 2.45% $9,371
SUN WEST MORTGAGE COMPANY, INC. 15 2.36% $6,674
Carrington Mortgage Services, LLC 15 2.84% $9,013
InterContinental Capital Group, Inc 14 2.36% $5,055
SUMMIT FUNDING, INC. 13 2.81% $17,826
NBKC BANK 13 2.52% $7,249
NP, Inc. 12 2.38% $6,220
LOANPAL, LLC 12 2.41% $9,895
First Guaranty Mortgage Corporation 12 2.29% $6,135
DHI MORTGAGE COMPANY, LTD. 11 2.59% $11,839
BAY EQUITY LLC 10 2.73% $10,790
NETWORK CAPITAL FUNDING CORPORATION 10 2.40% $5,141
Strong Home Mortgage, LLC 10 2.38% $6,753
PULTE MORTGAGE LLC 9 2.85% $8,861
Low VA Rates, LLC 9 2.18% $6,793
Magnolia Bank 9 2.44% $11,640
U.S. Bank 9 2.65% $12,607
BNC National Bank 9 2.26% $11,864
SOVEREIGN LENDING GROUP INCORPORATED 9 2.46% $5,955
South Pacific Financial Corporation 8 2.69% $20,975
Prime Choice Funding Inc. 8 2.31% $3,013
KBHS HOME LOANS, LLC 8 2.88% $4,479
CELEBRITY HOME LOANS, LLC 7 2.64% $10,710
ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 2.46% $16,642
ACCELERATE MORTGAGE, LLC 6 2.33% $7,791
EVERETT FINANCIAL, INC. 6 2.73% $12,696
Sierra Pacific Mortgage Company, Inc. 6 2.63% $13,253
OCMBC, INC. 6 2.46% $9,502
First Federal Bank 5 2.78% $28,869
ENVOY MORTGAGE, LTD 5 2.88% $20,569
Paramount Bank 5 2.48% $22,768
Nations Lending Corporation 5 2.60% $10,861
Wyndham Capital Mortgage, Inc. 5 2.58% $2,532
PREMIER LENDING, INC. 5 2.68% $17,050
KS StateBank 5 2.28% $3,543
DRAPER AND KRAMER MORTGAGE CORP. 4 2.94% $13,027
FBC MORTGAGE, LLC 4 2.47% $6,896
MOVEMENT MORTGAGE, LLC 4 2.78% $12,626
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 2.81% $10,511
TJC Mortgage, Inc. 4 2.34% $21,710
Hometown Equity Mortgage, LLC 4 2.63% $14,521
IMPAC MORTGAGE CORP. 4 2.44% $34,942
INTERCAP LENDING INC. 4 2.63% $13,390
Platinum Home Mortgage Corporation 4 2.81% $7,315
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 3 3.08% $6,070
First Bank 3 2.46% $7,391
Golden Empire Mortgage, Inc. 3 2.96% $15,847
Equity Prime Mortgage LLC 3 3.04% $5,368
Prosperity Home Mortgage, LLC 3 2.58% $6,159
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.04% $22,198
CHURCHILL MORTGAGE CORPORATION 3 2.25% $9,740
INTELLILOAN, INC. 3 2.67% $2,548
Century Mortgage Company DBA Century Lending Company 3 2.42% $1,952
Capital Bank 3 2.29% $3,868
LAND HOME FINANCIAL SERVICES, INC. 3 3.16% $9,569
MUFG Union Bank 3 2.38% $6,409
PHH Mortgage Corporation 3 2.63% $7,403
NATIONWIDE MORTGAGE BANKERS, INC. 2 2.81% $23,885
ALAMEDA MORTGAGE CORPORATION 2 2.96% $13,142
AMERICAN FINANCING CORPORATION 2 2.69% $3,077
AmeriHome Mortgage Company, LLC 2 2.75% $3,479
Ameris Bank 2 2.56% $13,332
Armed Forces Bank 2 2.31% $3,059
Bank of England 2 2.25% $21,793
CALCON MUTUAL MORTGAGE LLC 2 2.50% $12,984
CALCULATED RISK ANALYTICS LLC 2 2.56% $8,086
Community First National Bank 2 2.57% $2,446
First Federal Bank of Kansas City 2 2.44% $7,285
First Home Bank 2 2.50% $4,647
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 3.00% $5,136
INSPIRE HOME LOANS INC. 2 2.63% $35,006
LADERA LENDING, INC. 2 2.63% $18,580
LEADERONE FINANCIAL CORPORATION 2 2.37% $14,005
LIBERTY HOME MORTGAGE CORPORATION 2 2.50% $22,487
Meridian Bank Corporation 2 2.25% $5,089
MID AMERICA MORTGAGE, INC. 2 2.38% $1,752
MORTGAGEONE, INC. 2 2.75% $12,714
NATIONS DIRECT MORTGAGE, LLC 2 2.25% $11,410
PREMIER MORTGAGE RESOURCES, L.L.C. 2 2.56% $4,512
RELIANCE FIRST CAPITAL, LLC 2 2.81% $26,032
Shea Mortgage Inc. 2 2.50% $10,253
SIRVA MORTGAGE, INC. 2 2.81% $3,222
S&S Financial 2 2.31% $6,310
SUNSTREET MORTGAGE, LLC 2 3.13% $8,668
THRIVE MORTGAGE, LLC 2 3.06% $17,328
TRAVIS CREDIT UNION 2 2.75% $14,025
Umpqua Bank 2 2.56% $7,085
Watermark Capital, Inc. 2 2.25% $4,720
Mid-Continent Funding, Inc. 1 2.75% $29,148
Peoples Bank 1 3.25% $18,180
Manufacturers and Traders Trust Company 1 2.75% $9,513
Loan Simple, Inc. 1 2.25% $3,902
KELLER MORTGAGE, LLC 1 2.25% $35,397
HOMESPIRE MORTGAGE CORPORATION 1 2.38% $3,312
HOMESIDE FINANCIAL, LLC 1 2.37% $4,623
UNION HOME MORTGAGE CORP. 1 2.25% $35,150
Home Mortgage Alliance Corp 1 2.38% $4,490
HOME APPROVALS DIRECT, INC. 1 2.50% $5,435
HOMEAMERICAN MORTGAGE CORPORATION 1 3.00% $0
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 2.63% $33,625
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.75% $4,648
Franklin Loan Corporation 1 2.50% $3,045
BOKF 1 2.88% $7,872
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $15,416
S1L, Inc. 1 2.99% $6,772
SCENIC OAKS FUNDING, INC. 1 3.25% $5,848
BECKAM FUNDING CORP. 1 2.88% $3,255
FirstBank 1 2.75% $859
Banner Bank 1 2.25% $2,928
EMM LOANS LLC 1 2.88% $21,026
DAS Acquisition Company, LLC 1 2.63% $7,014
VERITAS FUNDING, LLC 1 2.50% $5,691
Credence Funding Corporation 1 2.50% $1,186
Colten Mortgage, LLC 1 2.25% $3,164
COASTAL FUNDING SLC, INC. 1 2.88% $2,697
Bank of the West 1 3.50% $14,091
CITYWIDE HOME LOANS, LLC 1 2.25% $11,658
Texana Bank 1 2.25% $1,384
The Central Trust Bank 1 2.38% $2,617
CHERRY CREEK MORTGAGE, LLC 1 2.25% $2,080
Arvest Bank 1 2.25% $10,607
CANOPY MORTGAGE, LLC 1 1.75% $14,367
TOP FLITE FINANCIAL, INC. 1 2.50% $16,415
Bank of America 1 2.88% $3,454
WESTERN EXPRESS LENDING 1 2.88% $4,428
OAKTREE FUNDING CORP. 1 2.88% $24,254
Northpointe Bank 1 2.38% $6,560
ONY GLO, INC. 1 2.62% $8,067
OPEN MORTGAGE, LLC 1 2.75% $28,346
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 2.75% $17,811
PANORAMA MORTGAGE GROUP, LLC 1 2.25% $2,083
Neighborhood Loans, Inc. 1 2.50% $5,860
ACADEMY MORTGAGE CORPORATION 1 2.25% $1,157
PARKSIDE LENDING, LLC 1 2.50% $4,915
MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 2.40% $5,683

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 for 2022-08-01 was $1,049,000, a difference of $54,000 (5.4%) versus the prior year and $-50,000 versus the prior month.

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 listing age (time on market) for 2022-08-01 was 35 days. This is 23% longer than the same period one year ago.

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.

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.