San Jose VA Loan Rates, Closing Costs & Stats

SAN JOSE-SUNNYVALE-SANTA CLARA, 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 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 6.77% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

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

    The average rate for the prior week (2025-05-16) was 6.35% and one month ago for the week of 2025-04-18, the average rate was 6.72%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2025-05-23, 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 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%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - San Jose (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 $1,110,250 (23.5%) $1,829,513 (28.2%) 4.12 570
    2018-02-01 $1,199,444 (25.7%) $1,810,776 (21.6%) 4.35 676
    2018-03-01 $1,286,500 (32.9%) $1,861,664 (23.7%) 4.51 799
    2018-04-01 $1,254,722 (26.9%) $1,864,395 (24.4%) 4.25 993
    2018-05-01 $1,293,000 (29.4%) $1,830,306 (11.6%) 4.32 1,198
    2018-06-01 $1,250,000 (24.4%) $1,788,116 (7.2%) 4.17 1,441
    2018-07-01 $1,199,944 (14.3%) $1,710,621 (0.9%) 4.01 1,717
    2018-08-01 $1,173,500 (11.8%) $1,642,858 (-2.2%) 3.93 1,816
    2018-09-01 $1,148,000 (4.5%) $1,618,429 (-13.3%) 3.86 2,059
    2018-10-01 $1,099,944 (-1.5%) $1,590,128 (-14.3%) 3.73 2,147
    2018-11-01 $1,089,400 (-6.2%) $1,539,122 (-21.5%) 3.69 2,052
    2018-12-01 $1,000,000 (-13.0%) $1,507,748 (-23.7%) 3.45 1,459
    2019-01-01 $999,888 (-9.9%) $1,509,950 (-17.5%) 3.45 1,264
    2019-02-01 $1,095,250 (-8.7%) $1,610,619 (-11.1%) 3.70 1,440
    2019-03-01 $1,102,769 (-14.3%) $1,633,737 (-12.2%) 3.61 1,635
    2019-04-01 $1,127,230 (-10.2%) $1,642,203 (-11.9%) 3.58 1,805
    2019-05-01 $1,188,000 (-8.1%) $1,645,803 (-10.1%) 3.71 2,173
    2019-06-01 $1,175,000 (-6.0%) $1,643,086 (-8.1%) 3.67 2,366
    2019-07-01 $1,127,250 (-6.1%) $1,636,557 (-4.3%) 3.53 2,298
    2019-08-01 $1,117,816 (-4.8%) $1,664,401 (1.3%) 3.54 2,189
    2019-09-01 $1,121,857 (-2.3%) $1,681,943 (3.9%) 3.59 2,106
    2019-10-01 $1,112,051 (1.1%) $1,693,637 (6.5%) 3.59 2,021
    2019-11-01 $1,100,000 (1.0%) $1,775,100 (15.3%) 3.61 1,612
    2019-12-01 $1,084,194 (8.4%) $1,798,338 (19.3%) 3.62 989
    2020-01-01 $1,088,722 (8.9%) $1,881,701 (24.6%) 3.64 819
    2020-02-01 $1,198,000 (9.4%) $2,032,748 (26.2%) 3.92 944
    2020-03-01 $1,249,805 (13.3%) $1,990,529 (21.8%) 3.92 1,144
    2020-04-01 $1,198,500 (6.3%) $1,854,244 (12.9%) 3.75 1,349
    2020-05-01 $1,200,500 (1.1%) $1,858,819 (12.9%) 3.65 1,646
    2020-06-01 $1,260,000 (7.2%) $1,856,022 (13.0%) 3.71 1,656
    2020-07-01 $1,249,975 (10.9%) $1,824,368 (11.5%) 3.62 1,681
    2020-08-01 $1,248,000 (11.7%) $1,806,980 (8.6%) 3.58 1,673
    2020-09-01 $1,210,000 (7.9%) $1,789,686 (6.4%) 3.47 1,668
    2020-10-01 $1,229,950 (10.6%) $1,819,909 (7.5%) 3.52 1,690
    2020-11-01 $1,232,124 (12.0%) $1,897,714 (6.9%) 3.60 1,558
    2020-12-01 $1,197,000 (10.4%) $1,865,030 (3.7%) 3.56 1,153
    2021-01-01 $1,199,000 (10.1%) $1,869,161 (-0.7%) 3.58 971
    2021-02-01 $1,223,900 (2.2%) $1,873,351 (-7.8%) 3.56 1,054
    2021-03-01 $1,246,692 (-0.3%) $1,881,183 (-5.5%) 3.54 1,181
    2021-04-01 $1,249,500 (4.3%) $1,898,349 (2.4%) 3.38 1,252
    2021-05-01 $1,298,888 (8.2%) $1,951,204 (5.0%) 3.45 1,243
    2021-06-01 $1,299,444 (3.1%) $1,967,174 (6.0%) 3.42 1,326
    2021-07-01 $1,275,000 (2.0%) $1,889,262 (3.6%) 3.36 1,410
    2021-08-01 $1,250,250 (0.2%) $1,875,379 (3.8%) 3.33 1,367
    2021-09-01 $1,262,639 (4.4%) $1,902,946 (6.3%) 3.37 1,283
    2021-10-01 $1,275,000 (3.7%) $1,977,104 (8.6%) 3.40 1,189
    2021-11-01 $1,244,444 (1.0%) $1,970,988 (3.9%) 3.33 819
    2021-12-01 $1,239,416 (3.5%) $1,941,596 (4.1%) 3.36 532
    2022-01-01 $1,298,888 (8.3%) $1,932,889 (3.4%) 3.51 489
    2022-02-01 $1,356,500 (10.8%) $1,919,565 (2.5%) 3.53 640
    2022-03-01 $1,399,500 (12.3%) $1,936,123 (2.9%) 3.50 784
    2022-04-01 $1,439,000 (15.2%) $1,909,718 (0.6%) 3.43 907
    2022-05-01 $1,496,500 (15.2%) $1,941,803 (-0.5%) 3.42 1,505
    2022-06-01 $1,495,000 (15.1%) $1,967,593 (0.0%) 3.33 1,754
    2022-07-01 $1,400,000 (9.8%) $1,905,340 (0.9%) 3.15 1,986
    2022-08-01 $1,386,500 (10.9%) $1,913,053 (2.0%) 3.21 1,797
    2022-09-01 $1,398,500 (10.8%) $1,965,247 (3.3%) 3.27 1,553
    2022-10-01 $1,399,000 (9.7%) $2,028,183 (2.6%) 3.29 1,532
    2022-11-01 $1,399,000 (12.4%) $2,028,954 (2.9%) 3.36 1,354
    2022-12-01 $1,398,000 (12.8%) $2,037,289 (4.9%) 3.45 956
    2023-01-01 $1,349,000 (3.9%) $1,949,922 (0.9%) 3.34 823
    2023-02-01 $1,399,500 (3.2%) $2,031,742 (5.8%) 3.38 831
    2023-03-01 $1,495,000 (6.8%) $2,155,081 (11.3%) 3.53 870
    2023-04-01 $1,536,500 (6.8%) $2,206,277 (15.5%) 3.57 884
    2023-05-01 $1,530,000 (2.2%) $2,198,585 (13.2%) 3.47 973
    2023-06-01 $1,498,000 (0.2%) $2,179,792 (10.8%) 3.37 980
    2023-07-01 $1,498,000 (7.0%) $2,176,298 (14.2%) 3.40 952
    2023-08-01 $1,474,497 (6.4%) $2,094,720 (9.5%) 3.39 1,031
    2023-09-01 $1,399,000 (0.0%) $2,001,621 (1.9%) 3.26 1,148
    2023-10-01 $1,380,694 (-1.3%) $1,989,260 (-1.9%) 3.25 1,183
    2023-11-01 $1,352,222 (-3.3%) $1,968,351 (-3.0%) 3.22 1,132
    2023-12-01 $1,298,944 (-7.1%) $2,029,021 (-0.4%) 3.17 833
    2024-01-01 $1,288,250 (-4.5%) $1,966,840 (0.9%) 3.15 666
    2024-02-01 $1,366,944 (-2.3%) $2,051,511 (1.0%) 3.29 725
    2024-03-01 $1,481,397 (-0.9%) $2,128,258 (-1.2%) 3.49 889
    2024-04-01 $1,466,953 (-4.5%) $2,108,183 (-4.5%) 3.41 1,109
    2024-05-01 $1,477,221 (-3.5%) $2,143,124 (-2.5%) 3.36 1,332
    2024-06-01 $1,450,000 (-3.2%) $2,059,125 (-5.5%) 3.30 1,501
    2024-07-01 $1,408,664 (-6.0%) $2,023,922 (-7.0%) 3.22 1,527
    2024-08-01 $1,399,000 (-5.1%) $2,024,517 (-3.4%) 3.25 1,495
    2024-09-01 $1,432,170 (2.4%) $2,086,446 (4.2%) 3.37 1,600
    2024-10-01 $1,394,000 (1.0%) $2,068,828 (4.0%) 3.28 1,570
    2024-11-01 $1,350,000 (-0.2%) $2,048,183 (4.1%) 3.24 1,265
    2024-12-01 $1,268,500 (-2.3%) $1,968,142 (-3.0%) 3.15 825
    2025-01-01 $1,268,000 (-1.6%) $1,933,428 (-1.7%) 3.17 795
    2025-02-01 $1,304,500 (-4.6%) $1,949,525 (-5.0%) 3.17 1,059
    2025-03-01 $1,388,944 (-6.2%) $2,015,899 (-5.3%) 3.27 1,493
    2025-04-01 $1,399,947 (-4.6%) $1,985,823 (-5.8%) 3.25 1,859
    San Jose's median listing price for 2025-04-01 was $1,399,947, a difference of $-67,006 (-4.6%) versus the prior year and $11,003 versus the prior month.

    San Jose's median listing price comes in at 325% of the national average.

    San Jose's average listing price for 2025-04-01 was $1,985,823, a difference of $-122,360 (-5.8%) versus the prior year and $-30,076 versus the prior month.

    For the 2025-04-01 period, San Jose had 1,859 MLS listings, a difference of 366 listings (25%) versus the prior month and 750 listings (68%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - San Jose (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 26 days 1,900 sqft
    2018-02-01 17 days 1,897 sqft
    2018-03-01 17 days 1,832 sqft
    2018-04-01 18 days 1,785 sqft
    2018-05-01 18 days 1,793 sqft
    2018-06-01 22 days 1,747 sqft
    2018-07-01 26 days 1,695 sqft
    2018-08-01 28 days 1,661 sqft
    2018-09-01 30 days 1,661 sqft
    2018-10-01 31 days 1,650 sqft
    2018-11-01 38 days 1,632 sqft
    2018-12-01 50 days 1,624 sqft
    2019-01-01 52 days 1,624 sqft
    2019-02-01 25 days 1,663 sqft
    2019-03-01 27 days 1,689 sqft
    2019-04-01 28 days 1,710 sqft
    2019-05-01 25 days 1,753 sqft
    2019-06-01 32 days 1,736 sqft
    2019-07-01 38 days 1,722 sqft
    2019-08-01 40 days 1,720 sqft
    2019-09-01 43 days 1,716 sqft
    2019-10-01 44 days 1,716 sqft
    2019-11-01 56 days 1,752 sqft
    2019-12-01 73 days 1,788 sqft
    2020-01-01 53 days 1,764 sqft
    2020-02-01 23 days 1,830 sqft
    2020-03-01 22 days 1,808 sqft
    2020-04-01 35 days 1,774 sqft
    2020-05-01 36 days 1,796 sqft
    2020-06-01 35 days 1,774 sqft
    2020-07-01 33 days 1,713 sqft
    2020-08-01 33 days 1,663 sqft
    2020-09-01 37 days 1,632 sqft
    2020-10-01 36 days 1,614 sqft
    2020-11-01 42 days 1,585 sqft
    2020-12-01 51 days 1,541 sqft
    2021-01-01 41 days 1,553 sqft
    2021-02-01 25 days 1,576 sqft
    2021-03-01 25 days 1,591 sqft
    2021-04-01 29 days 1,607 sqft
    2021-05-01 25 days 1,663 sqft
    2021-06-01 23 days 1,649 sqft
    2021-07-01 25 days 1,624 sqft
    2021-08-01 30 days 1,599 sqft
    2021-09-01 31 days 1,624 sqft
    2021-10-01 36 days 1,615 sqft
    2021-11-01 51 days 1,607 sqft
    2021-12-01 66 days 1,547 sqft
    2022-01-01 39 days 1,585 sqft
    2022-02-01 12 days 1,600 sqft
    2022-03-01 16 days 1,630 sqft
    2022-04-01 16 days 1,663 sqft
    2022-05-01 17 days 1,666 sqft
    2022-06-01 24 days 1,675 sqft
    2022-07-01 29 days 1,670 sqft
    2022-08-01 37 days 1,682 sqft
    2022-09-01 38 days 1,690 sqft
    2022-10-01 36 days 1,715 sqft
    2022-11-01 40 days 1,720 sqft
    2022-12-01 53 days 1,722 sqft
    2023-01-01 53 days 1,686 sqft
    2023-02-01 30 days 1,729 sqft
    2023-03-01 27 days 1,758 sqft
    2023-04-01 27 days 1,780 sqft
    2023-05-01 25 days 1,778 sqft
    2023-06-01 29 days 1,772 sqft
    2023-07-01 30 days 1,717 sqft
    2023-08-01 27 days 1,729 sqft
    2023-09-01 29 days 1,693 sqft
    2023-10-01 31 days 1,659 sqft
    2023-11-01 34 days 1,609 sqft
    2023-12-01 43 days 1,601 sqft
    2024-01-01 42 days 1,589 sqft
    2024-02-01 23 days 1,624 sqft
    2024-03-01 22 days 1,658 sqft
    2024-04-01 21 days 1,635 sqft
    2024-05-01 20 days 1,673 sqft
    2024-06-01 25 days 1,671 sqft
    2024-07-01 30 days 1,662 sqft
    2024-08-01 31 days 1,651 sqft
    2024-09-01 31 days 1,676 sqft
    2024-10-01 34 days 1,667 sqft
    2024-11-01 39 days 1,619 sqft
    2024-12-01 50 days 1,579 sqft
    2025-01-01 44 days 1,546 sqft
    2025-02-01 22 days 1,560 sqft
    2025-03-01 22 days 1,612 sqft
    2025-04-01 24 days 1,627 sqft
    San Jose's median listing age (time on market) for 2025-04-01 was 24 days. This is 14% longer than the same period one year ago.

    San Jose's median square footage for active listings during the 2025-04-01 period was 1,627 sqft. One year prior, the average listing was 1,635 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.