San Jose VA Loan Rates, Closing Costs & Stats

SAN JOSE-SUNNYVALE-SANTA CLARA, CA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 Jose's 50 lenders originated 167 VA loans during 2024. The total origination value was $153,165,000, with an average VA loan value of $917,156.

    San Jose VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in San Jose averaged -0.05% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    San Jose's average VA mortgage closing costs are $10,805.

    The average rate for the prior week (2025-06-13) was 6.79% and one month ago for the week of 2025-05-16, the average rate was 6.35%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.01%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    San Jose 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 Jose level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 25 5.77% $14,002
    Mortgage Research Center, LLC 19 6.12% $20,016
    QUICKEN LOANS, LLC 19 6.08% $17,209
    FREEDOM MORTGAGE CORPORATION 7 5.84% $21,844
    GUARANTEED RATE, INC. 6 5.90% $20,736
    LOANDEPOT.COM, LLC 6 5.83% $12,284
    GUILD MORTGAGE COMPANY 5 6.30% $22,414
    PENNYMAC LOAN SERVICES, LLC 5 5.37% $18,777
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.03% $16,110
    EAGLE HOME MORTGAGE, LLC 3 5.71% $6,388
    NAVY FEDERAL CREDIT UNION 3 5.83% $12,969
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.08% $18,126
    NEWREZ LLC 2 6.50% $11,763
    INSPIRE HOME LOANS INC. 2 5.31% $6,561
    Paramount Residential Mortgage Group, Inc. 2 6.00% $23,598
    Commerce Home Mortgage, Inc. 2 6.69% $6,241
    CROSSCOUNTRY MORTGAGE, LLC 2 6.44% $19,109
    LAKEVIEW LOAN SERVICING, LLC 2 6.19% $10,998
    The Federal Savings Bank 2 5.75% $32,110
    DHI MORTGAGE COMPANY, LTD. 2 5.25% $15,976
    UNION HOME MORTGAGE CORP. 2 7.13% $11,932
    GUARANTEED RATE AFFINITY, LLC 2 6.00% $4,067
    USAA Federal Savings Bank 2 6.38% $9,574
    CMG MORTGAGE, INC. 2 5.25% $11,436
    PLANET HOME LENDING, LLC 2 6.12% $7,314
    Pacific Lending LLC 1 5.63% $25,804
    AMERICAN INTERNET MORTGAGE, INC. 1 5.63% $28,187
    Barrington Bank & Trust Company, N.A. 1 6.25% $8,175
    BAY-VALLEY MORTGAGE GROUP 1 6.63% $30,781
    BROKER SOLUTIONS, INC. 1 6.25% $43,892
    Citibank 1 6.75% $24,438
    First Federal Bank 1 6.25% $14,593
    GENEVA FINANCIAL, LLC 1 6.75% $55,229
    JMAC LENDING, INC. 1 5.63% $15,187
    KBHS HOME LOANS, LLC 1 6.13% $1,501
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.63% $3,924
    Magnolia Bank 1 5.63% $43,623
    MOUNTAIN WEST FINANCIAL, INC. 1 6.25% $7,393
    Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $1,669
    OCMBC, INC. 1 6.63% $5,735
    AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $6,847
    PENTAGON FEDERAL CREDIT UNION 1 6.63% $39,483
    PHH Mortgage Corporation 1 5.13% $1,375
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $5,930
    Sunflower Bank 1 5.99% $6,122
    SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $11,559
    The Central Trust Bank 1 5.75% $17,189
    The Loan Store, Inc. 1 5.75% $23,390
    U.S. Bank 1 6.63% $4,148
    Vellum Mortgage, Inc. 1 5.88% $44,441

    The top San Jose VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 25 VA loans originated. Their average total fees are $14,002, which is $6,014 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee San Jose VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($14,002), QUICKEN LOANS, LLC ($17,209), Mortgage Research Center, LLC ($20,016), .

    The lowest rate San Jose VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.77%), QUICKEN LOANS, LLC (6.08%), Mortgage Research Center, LLC (6.12%), .

    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.