Santa Cruz VA Loan Rates, Closing Costs & Stats
SANTA CRUZ-WATSONVILLE, 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.
Santa Cruz's 14 lenders originated 30 VA loans during 2023. The total origination value was $26,300,000, with an average VA loan value of $876,667.
Santa Cruz VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Santa Cruz
averaged
6.37%
for the week of 2024-12-13, compared to the national average (all VA variants) of
6.077% for the same period.
Santa Cruz's average VA mortgage closing costs are $9,872.
The average rate for the prior week (2024-12-06) was
6.3% and
one month ago for the week of 2024-11-08, the
average rate was 6.3%.
The average rate one year ago was 6.85%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.2%.
Santa Cruz 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 Santa Cruz level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CROSSCOUNTRY MORTGAGE, LLC | 6 | 6.36% | $14,145 |
| QUICKEN LOANS, LLC | 5 | 5.70% | $17,232 |
| UNITED WHOLESALE MORTGAGE, LLC | 4 | 6.53% | $17,551 |
| NAVY FEDERAL CREDIT UNION | 2 | 5.63% | $2,474 |
| LOANDEPOT.COM, LLC | 2 | 6.37% | $9,291 |
| The Federal Savings Bank | 2 | 5.50% | $20,716 |
| MASON MCDUFFIE MORTGAGE CORPORATION | 2 | 5.88% | $35,295 |
| Zions Bank | 1 | 7.13% | $2,457 |
| BAY EQUITY LLC | 1 | 6.49% | $6,266 |
| Century Mortgage Company DBA Century Lending Company | 1 | 5.75% | $36,883 |
| GUARANTEED RATE, INC. | 1 | 6.23% | $5,278 |
| Mortgage Research Center, LLC | 1 | 5.75% | $26,001 |
| MOUNTAIN WEST FINANCIAL, INC. | 1 | 6.75% | $6,362 |
| ACADEMY MORTGAGE CORPORATION | 1 | 6.75% | $73,474 |
The top Santa Cruz VA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
6 VA loans originated. Their average total fees are
$14,145, which is $3,087
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Santa Cruz VA lenders (with over 10 loans originated) are
.
The lowest rate Santa Cruz VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Santa Cruz (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 | $899,472 (5.9%) | $1,396,805 (9.7%) | 3.33 | 220 |
| 2018-02-01 | $899,250 (5.9%) | $1,382,567 (7.2%) | 3.26 | 246 |
| 2018-03-01 | $976,500 (10.1%) | $1,367,781 (3.6%) | 3.43 | 286 |
| 2018-04-01 | $952,250 (5.8%) | $1,503,671 (12.5%) | 3.23 | 338 |
| 2018-05-01 | $939,250 (4.5%) | $1,461,461 (11.9%) | 3.14 | 380 |
| 2018-06-01 | $975,000 (6.1%) | $1,455,719 (12.1%) | 3.25 | 422 |
| 2018-07-01 | $963,500 (4.2%) | $1,405,771 (8.7%) | 3.22 | 475 |
| 2018-08-01 | $930,253 (3.4%) | $1,341,335 (6.7%) | 3.12 | 526 |
| 2018-09-01 | $925,000 (2.8%) | $1,320,901 (5.7%) | 3.11 | 561 |
| 2018-10-01 | $897,000 (-0.2%) | $1,311,670 (6.3%) | 3.04 | 562 |
| 2018-11-01 | $899,500 (0.1%) | $1,340,812 (2.7%) | 3.05 | 537 |
| 2018-12-01 | $895,000 (-0.4%) | $1,351,462 (3.2%) | 3.09 | 429 |
| 2019-01-01 | $898,000 (-0.2%) | $1,396,503 (0.0%) | 3.10 | 322 |
| 2019-02-01 | $899,000 (0.0%) | $1,374,867 (-0.6%) | 3.04 | 304 |
| 2019-03-01 | $940,143 (-3.7%) | $1,398,041 (2.2%) | 3.07 | 351 |
| 2019-04-01 | $986,843 (3.6%) | $1,380,030 (-8.2%) | 3.13 | 411 |
| 2019-05-01 | $999,125 (6.4%) | $1,370,090 (-6.3%) | 3.12 | 471 |
| 2019-06-01 | $996,500 (2.2%) | $1,400,705 (-3.8%) | 3.11 | 516 |
| 2019-07-01 | $957,500 (-0.6%) | $1,358,753 (-3.3%) | 3.00 | 584 |
| 2019-08-01 | $961,000 (3.3%) | $1,355,578 (1.1%) | 3.04 | 581 |
| 2019-09-01 | $954,250 (3.2%) | $1,349,242 (2.2%) | 3.05 | 568 |
| 2019-10-01 | $949,000 (5.8%) | $1,345,017 (2.5%) | 3.06 | 553 |
| 2019-11-01 | $949,250 (5.5%) | $1,363,268 (1.7%) | 3.11 | 465 |
| 2019-12-01 | $899,500 (0.5%) | $1,391,949 (3.0%) | 3.00 | 306 |
| 2020-01-01 | $899,500 (0.2%) | $1,385,242 (-0.8%) | 3.01 | 239 |
| 2020-02-01 | $927,000 (3.1%) | $1,413,287 (2.8%) | 3.03 | 263 |
| 2020-03-01 | $949,000 (0.9%) | $1,380,956 (-1.2%) | 2.97 | 326 |
| 2020-04-01 | $951,238 (-3.6%) | $1,357,481 (-1.6%) | 2.98 | 357 |
| 2020-05-01 | $962,250 (-3.7%) | $1,399,344 (2.1%) | 2.92 | 389 |
| 2020-06-01 | $1,024,498 (2.8%) | $1,533,583 (9.5%) | 3.02 | 378 |
| 2020-07-01 | $1,095,749 (14.4%) | $1,556,964 (14.6%) | 3.18 | 352 |
| 2020-08-01 | $1,100,000 (14.5%) | $1,656,468 (22.2%) | 3.15 | 312 |
| 2020-09-01 | $1,091,500 (14.4%) | $1,607,763 (19.2%) | 3.13 | 274 |
| 2020-10-01 | $1,075,000 (13.3%) | $1,604,172 (19.3%) | 3.08 | 271 |
| 2020-11-01 | $1,042,222 (9.8%) | $1,469,102 (7.8%) | 3.05 | 255 |
| 2020-12-01 | $972,919 (8.2%) | $1,403,710 (0.8%) | 2.89 | 217 |
| 2021-01-01 | $950,000 (5.6%) | $1,390,225 (0.4%) | 2.84 | 167 |
| 2021-02-01 | $944,500 (1.9%) | $1,435,531 (1.6%) | 2.75 | 149 |
| 2021-03-01 | $1,074,750 (13.3%) | $1,501,887 (8.8%) | 3.05 | 159 |
| 2021-04-01 | $1,134,250 (19.2%) | $1,632,051 (20.2%) | 3.07 | 185 |
| 2021-05-01 | $1,200,000 (24.7%) | $1,753,276 (25.3%) | 3.19 | 207 |
| 2021-06-01 | $1,235,000 (20.6%) | $1,753,371 (14.3%) | 3.25 | 216 |
| 2021-07-01 | $1,200,000 (9.5%) | $1,700,930 (9.3%) | 3.17 | 235 |
| 2021-08-01 | $1,174,500 (6.8%) | $1,599,723 (-3.4%) | 3.13 | 244 |
| 2021-09-01 | $1,200,000 (9.9%) | $1,643,528 (2.2%) | 3.20 | 222 |
| 2021-10-01 | $1,250,000 (16.3%) | $1,722,360 (7.4%) | 3.33 | 188 |
| 2021-11-01 | $1,349,250 (29.5%) | $1,764,830 (20.1%) | 3.61 | 152 |
| 2021-12-01 | $1,295,000 (33.1%) | $1,691,547 (20.5%) | 3.51 | 102 |
| 2022-01-01 | $1,225,000 (29.0%) | $1,624,704 (16.9%) | 3.31 | 85 |
| 2022-02-01 | $1,274,750 (35.0%) | $1,626,249 (13.3%) | 3.32 | 108 |
| 2022-03-01 | $1,298,738 (20.8%) | $1,672,798 (11.4%) | 3.25 | 137 |
| 2022-04-01 | $1,299,000 (14.5%) | $1,703,795 (4.4%) | 3.10 | 157 |
| 2022-05-01 | $1,398,750 (16.6%) | $1,772,698 (1.1%) | 3.20 | 235 |
| 2022-06-01 | $1,368,250 (10.8%) | $1,765,917 (0.7%) | 3.05 | 270 |
| 2022-07-01 | $1,349,000 (12.4%) | $1,728,453 (1.6%) | 3.04 | 326 |
| 2022-08-01 | $1,349,000 (14.9%) | $1,697,038 (6.1%) | 3.12 | 313 |
| 2022-09-01 | $1,386,000 (15.5%) | $1,738,811 (5.8%) | 3.24 | 286 |
| 2022-10-01 | $1,349,000 (7.9%) | $1,723,678 (0.1%) | 3.17 | 297 |
| 2022-11-01 | $1,399,000 (3.7%) | $1,777,598 (0.7%) | 3.36 | 266 |
| 2022-12-01 | $1,345,000 (3.9%) | $1,715,599 (1.4%) | 3.32 | 232 |
| 2023-01-01 | $1,285,750 (5.0%) | $1,643,300 (1.1%) | 3.18 | 171 |
| 2023-02-01 | $1,316,250 (3.3%) | $1,659,280 (2.0%) | 3.18 | 176 |
| 2023-03-01 | $1,397,000 (7.6%) | $1,790,272 (7.0%) | 3.29 | 173 |
| 2023-04-01 | $1,399,000 (7.7%) | $1,856,567 (9.0%) | 3.25 | 204 |
| 2023-05-01 | $1,432,000 (2.4%) | $1,810,164 (2.1%) | 3.25 | 243 |
| 2023-06-01 | $1,387,000 (1.4%) | $1,748,746 (-1.0%) | 3.12 | 280 |
| 2023-07-01 | $1,375,000 (1.9%) | $1,764,170 (2.1%) | 3.13 | 297 |
| 2023-08-01 | $1,298,000 (-3.8%) | $1,717,326 (1.2%) | 2.98 | 312 |
| 2023-09-01 | $1,250,000 (-9.8%) | $1,723,492 (-0.9%) | 2.91 | 319 |
| 2023-10-01 | $1,197,000 (-11.3%) | $1,695,612 (-1.6%) | 2.82 | 332 |
| 2023-11-01 | $1,174,857 (-16.0%) | $1,674,739 (-5.8%) | 2.80 | 311 |
| 2023-12-01 | $1,182,000 (-12.1%) | $1,611,871 (-6.1%) | 2.88 | 248 |
| 2024-01-01 | $1,062,000 (-17.4%) | $1,536,203 (-6.5%) | 2.59 | 200 |
| 2024-02-01 | $1,074,850 (-18.3%) | $1,597,220 (-3.7%) | 2.59 | 193 |
| 2024-03-01 | $1,199,000 (-14.2%) | $1,709,344 (-4.5%) | 2.82 | 225 |
| 2024-04-01 | $1,298,000 (-7.2%) | $1,841,445 (-0.8%) | 3.02 | 270 |
| 2024-05-01 | $1,299,750 (-9.2%) | $1,957,652 (8.2%) | 2.94 | 344 |
| 2024-06-01 | $1,296,500 (-6.5%) | $1,871,301 (7.0%) | 2.91 | 375 |
| 2024-07-01 | $1,295,750 (-5.8%) | $1,803,485 (2.2%) | 2.96 | 395 |
| 2024-08-01 | $1,277,000 (-1.6%) | $1,795,602 (4.6%) | 2.97 | 432 |
| 2024-09-01 | $1,274,750 (2.0%) | $1,767,265 (2.5%) | 3.00 | 449 |
| 2024-10-01 | $1,295,000 (8.2%) | $1,745,854 (3.0%) | 3.05 | 442 |
| 2024-11-01 | $1,249,000 (6.3%) | $1,698,702 (1.4%) | 3.00 | 425 |
Santa Cruz's median listing price comes in at 300% of the national average.
Santa Cruz's average listing price for 2024-11-01 was $1,698,702, a difference of $23,963 (1.4%) versus the prior year and $-47,152 versus the prior month.
For the 2024-11-01 period, Santa Cruz had 425 MLS listings, a difference of -17 listings (-4%) versus the prior month and 114 listings (37%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Santa Cruz (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 67 days | 1,719 sqft |
| 2018-02-01 | 36 days | 1,608 sqft |
| 2018-03-01 | 30 days | 1,677 sqft |
| 2018-04-01 | 34 days | 1,702 sqft |
| 2018-05-01 | 33 days | 1,665 sqft |
| 2018-06-01 | 39 days | 1,696 sqft |
| 2018-07-01 | 42 days | 1,721 sqft |
| 2018-08-01 | 44 days | 1,655 sqft |
| 2018-09-01 | 46 days | 1,657 sqft |
| 2018-10-01 | 52 days | 1,652 sqft |
| 2018-11-01 | 56 days | 1,678 sqft |
| 2018-12-01 | 67 days | 1,617 sqft |
| 2019-01-01 | 81 days | 1,606 sqft |
| 2019-02-01 | 66 days | 1,662 sqft |
| 2019-03-01 | 41 days | 1,719 sqft |
| 2019-04-01 | 33 days | 1,766 sqft |
| 2019-05-01 | 36 days | 1,736 sqft |
| 2019-06-01 | 46 days | 1,747 sqft |
| 2019-07-01 | 47 days | 1,678 sqft |
| 2019-08-01 | 53 days | 1,670 sqft |
| 2019-09-01 | 58 days | 1,685 sqft |
| 2019-10-01 | 61 days | 1,691 sqft |
| 2019-11-01 | 69 days | 1,700 sqft |
| 2019-12-01 | 95 days | 1,630 sqft |
| 2020-01-01 | 90 days | 1,636 sqft |
| 2020-02-01 | 39 days | 1,611 sqft |
| 2020-03-01 | 34 days | 1,638 sqft |
| 2020-04-01 | 47 days | 1,675 sqft |
| 2020-05-01 | 53 days | 1,726 sqft |
| 2020-06-01 | 44 days | 1,746 sqft |
| 2020-07-01 | 45 days | 1,842 sqft |
| 2020-08-01 | 48 days | 1,843 sqft |
| 2020-09-01 | 66 days | 1,801 sqft |
| 2020-10-01 | 62 days | 1,798 sqft |
| 2020-11-01 | 57 days | 1,722 sqft |
| 2020-12-01 | 59 days | 1,617 sqft |
| 2021-01-01 | 54 days | 1,618 sqft |
| 2021-02-01 | 35 days | 1,538 sqft |
| 2021-03-01 | 33 days | 1,636 sqft |
| 2021-04-01 | 27 days | 1,654 sqft |
| 2021-05-01 | 25 days | 1,793 sqft |
| 2021-06-01 | 31 days | 1,801 sqft |
| 2021-07-01 | 29 days | 1,796 sqft |
| 2021-08-01 | 31 days | 1,672 sqft |
| 2021-09-01 | 43 days | 1,835 sqft |
| 2021-10-01 | 50 days | 1,852 sqft |
| 2021-11-01 | 64 days | 1,955 sqft |
| 2021-12-01 | 76 days | 1,844 sqft |
| 2022-01-01 | 52 days | 1,649 sqft |
| 2022-02-01 | 17 days | 1,604 sqft |
| 2022-03-01 | 18 days | 1,536 sqft |
| 2022-04-01 | 24 days | 1,600 sqft |
| 2022-05-01 | 23 days | 1,716 sqft |
| 2022-06-01 | 28 days | 1,724 sqft |
| 2022-07-01 | 36 days | 1,705 sqft |
| 2022-08-01 | 41 days | 1,701 sqft |
| 2022-09-01 | 45 days | 1,744 sqft |
| 2022-10-01 | 44 days | 1,705 sqft |
| 2022-11-01 | 54 days | 1,796 sqft |
| 2022-12-01 | 66 days | 1,725 sqft |
| 2023-01-01 | 78 days | 1,703 sqft |
| 2023-02-01 | 61 days | 1,691 sqft |
| 2023-03-01 | 38 days | 1,723 sqft |
| 2023-04-01 | 36 days | 1,786 sqft |
| 2023-05-01 | 32 days | 1,753 sqft |
| 2023-06-01 | 32 days | 1,754 sqft |
| 2023-07-01 | 36 days | 1,696 sqft |
| 2023-08-01 | 40 days | 1,587 sqft |
| 2023-09-01 | 39 days | 1,600 sqft |
| 2023-10-01 | 43 days | 1,531 sqft |
| 2023-11-01 | 48 days | 1,516 sqft |
| 2023-12-01 | 60 days | 1,438 sqft |
| 2024-01-01 | 68 days | 1,351 sqft |
| 2024-02-01 | 49 days | 1,387 sqft |
| 2024-03-01 | 36 days | 1,428 sqft |
| 2024-04-01 | 33 days | 1,553 sqft |
| 2024-05-01 | 29 days | 1,619 sqft |
| 2024-06-01 | 35 days | 1,596 sqft |
| 2024-07-01 | 45 days | 1,601 sqft |
| 2024-08-01 | 44 days | 1,609 sqft |
| 2024-09-01 | 47 days | 1,585 sqft |
| 2024-10-01 | 51 days | 1,578 sqft |
| 2024-11-01 | 53 days | 1,550 sqft |
Santa Cruz's median square footage for active listings during the 2024-11-01 period was 1,550 sqft. One year prior, the average listing was 1,516 sqft.