Santa Rosa VA Loan Rates, Closing Costs & Stats

SANTA ROSA-PETALUMA, 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.

    Santa Rosa's 63 lenders originated 213 VA loans during 2022. The total origination value was $135,345,000, with an average VA loan value of $635,423.

    Santa Rosa VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Santa Rosa averaged 6.12% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

    Santa Rosa's average VA mortgage closing costs are $8,732.

    The average rate for the prior week (2023-05-19) was 6.05% and one month ago for the week of 2023-04-21, the average rate was 5.87%.

    The average rate one year ago was 4.94%.

    For refis of the same type during the week of 2023-05-26, the average rate was 4.83%.

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

    Santa Rosa 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 Rosa level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 25 4.04% $10,855
    QUICKEN LOANS, LLC 21 3.58% $13,460
    Mortgage Research Center, LLC 11 5.25% $15,347
    PENNYMAC LOAN SERVICES, LLC 10 2.65% $14,572
    LOANDEPOT.COM, LLC 9 3.49% $12,918
    CROSSCOUNTRY MORTGAGE, LLC 9 4.68% $18,289
    AMERICAN PACIFIC MORTGAGE CORPORATION 7 4.91% $12,536
    CALIBER HOME LOANS, INC. 6 4.02% $16,270
    HOME POINT FINANCIAL CORPORATION 6 3.58% $15,547
    USAA Federal Savings Bank 5 3.98% $17,267
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 4.70% $5,985
    NAVY FEDERAL CREDIT UNION 5 3.60% $14,486
    SUMMIT FUNDING, INC. 4 4.78% $25,934
    DHI MORTGAGE COMPANY, LTD. 4 4.75% $19,864
    FREEDOM MORTGAGE CORPORATION 4 2.50% $4,933
    GUARANTEED RATE AFFINITY, LLC 4 4.53% $7,277
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 4 4.53% $17,204
    GUILD MORTGAGE COMPANY 3 3.79% $15,761
    HOMEAMERICAN MORTGAGE CORPORATION 3 4.96% $18,733
    Wells Fargo Bank 3 3.13% $19,226
    Flagstar Bank, FSB 3 4.25% $18,245
    LAKEVIEW LOAN SERVICING, LLC 3 2.54% $3,751
    BNC National Bank 3 2.33% $4,964
    FINANCE OF AMERICA MORTGAGE LLC 3 4.21% $17,114
    LOANPAL, LLC 2 3.19% $23,153
    GUARANTEED RATE, INC. 2 3.88% $17,110
    Mr. Cooper ( Nationstar Mortgage ) 2 3.75% $13,027
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.31% $16,366
    Paramount Residential Mortgage Group, Inc. 2 4.63% $14,749
    Sierra Pacific Mortgage Company, Inc. 2 3.56% $14,664
    NETWORK CAPITAL FUNDING CORPORATION 2 4.06% $9,210
    NEW DAY FINANCIAL, LLC 1 2.99% $22,108
    NEWREZ LLC 1 2.25% $8,752
    NFM, INC. 1 4.63% $39,843
    North American Savings Bank, F.S.B. 1 3.25% $23,533
    OCMBC, INC. 1 5.25% $25,856
    Armed Forces Bank 1 4.25% $14,180
    PHH Mortgage Corporation 1 3.75% $14,250
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 3.25% $3,740
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.25% $38,742
    AMERISAVE MORTGAGE CORPORATION 1 2.75% $2,244
    ACADEMY MORTGAGE CORPORATION 1 5.63% $29,051
    Texana Bank 1 4.25% $42,341
    The Federal Savings Bank 1 3.25% $11,844
    Umpqua Bank 1 3.75% $4,928
    CENTRAL COAST LENDING, INC. 1 4.75% $32,340
    Century Mortgage Company DBA Century Lending Company 1 4.50% $8,357
    Citizens Bank 1 2.25% $14,825
    Commerce Home Mortgage, Inc. 1 3.25% $30,189
    CLEARPATH LENDING 1 2.63% $1,529
    BROKER SOLUTIONS, INC. 1 5.25% $39,723
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $11,807
    ENVOY MORTGAGE, LTD 1 3.88% $16,794
    EVERETT FINANCIAL, INC. 1 2.75% $2,612
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $17,870
    VILLAGE CAPITAL MORTGAGE 1 4.50% $21,167
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.25% $27,783
    Barrington Bank & Trust Company, N.A. 1 3.75% $28,510
    MASON MCDUFFIE MORTGAGE CORPORATION 1 5.25% $15,129
    MID AMERICA MORTGAGE, INC. 1 3.13% $2,684
    MORTGAGEONE, INC. 1 7.00% $14,076
    Bank of America 1 4.63% $5,252
    AXIA FINANCIAL, LLC 1 4.88% $29,998

    The top Santa Rosa VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 25 VA loans originated. Their average total fees are $10,855, which is $2,605 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Santa Rosa VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($10,855), QUICKEN LOANS, LLC ($13,460), PENNYMAC LOAN SERVICES, LLC ($14,572), Mortgage Research Center, LLC ($15,347) and .

    The lowest rate Santa Rosa VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.65%), QUICKEN LOANS, LLC (3.58%), UNITED WHOLESALE MORTGAGE, LLC (4.04%), Mortgage Research Center, LLC (5.25%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Santa Rosa (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 $790,250 (10.8%) $1,231,307 (10.9%) 2.93 407
    2018-02-01 $797,000 (9.9%) $1,200,558 (8.3%) 2.90 444
    2018-03-01 $777,000 (5.4%) $1,196,027 (0.1%) 2.73 524
    2018-04-01 $762,475 (0.3%) $1,189,317 (-9.6%) 2.59 617
    2018-05-01 $792,000 (2.6%) $1,273,397 (-0.6%) 2.64 760
    2018-06-01 $749,000 (-3.9%) $1,211,005 (-3.8%) 2.50 923
    2018-07-01 $736,000 (-1.9%) $1,150,500 (-6.3%) 2.46 1,086
    2018-08-01 $699,475 (-7.3%) $1,107,502 (-11.8%) 2.34 1,172
    2018-09-01 $709,500 (-10.6%) $1,101,240 (-14.4%) 2.38 1,208
    2018-10-01 $699,000 (-14.2%) $1,101,160 (-16.4%) 2.37 1,177
    2018-11-01 $699,000 (-15.6%) $1,116,805 (-18.5%) 2.37 1,105
    2018-12-01 $689,990 (-16.8%) $1,114,312 (-15.8%) 2.38 896
    2019-01-01 $682,000 (-13.7%) $1,079,414 (-12.3%) 2.36 725
    2019-02-01 $688,800 (-13.6%) $1,114,305 (-7.2%) 2.33 700
    2019-03-01 $725,000 (-6.7%) $1,194,424 (-0.1%) 2.42 746
    2019-04-01 $757,500 (-0.7%) $1,259,293 (5.9%) 2.41 868
    2019-05-01 $791,000 (-0.1%) $1,331,851 (4.6%) 2.47 1,061
    2019-06-01 $799,000 (6.7%) $1,362,336 (12.5%) 2.50 1,179
    2019-07-01 $795,000 (8.0%) $1,332,934 (15.9%) 2.49 1,251
    2019-08-01 $779,000 (11.4%) $1,307,775 (18.1%) 2.44 1,260
    2019-09-01 $778,500 (9.7%) $1,323,039 (20.1%) 2.46 1,104
    2019-10-01 $774,500 (10.8%) $1,276,432 (15.9%) 2.50 1,166
    2019-11-01 $775,000 (10.9%) $1,277,479 (14.4%) 2.54 1,054
    2019-12-01 $770,650 (11.7%) $1,253,128 (12.5%) 2.57 771
    2020-01-01 $767,500 (12.5%) $1,194,224 (10.6%) 2.56 679
    2020-02-01 $792,068 (15.0%) $1,168,486 (4.9%) 2.59 725
    2020-03-01 $799,000 (10.2%) $1,205,979 (1.0%) 2.50 792
    2020-04-01 $781,944 (3.2%) $1,176,971 (-6.5%) 2.45 790
    2020-05-01 $769,000 (-2.8%) $1,146,057 (-14.0%) 2.34 999
    2020-06-01 $763,750 (-4.4%) $1,228,384 (-9.8%) 2.25 1,024
    2020-07-01 $784,248 (-1.4%) $1,299,527 (-2.5%) 2.27 899
    2020-08-01 $799,000 (2.6%) $1,337,303 (2.3%) 2.29 786
    2020-09-01 $808,500 (3.9%) $1,348,645 (1.9%) 2.32 704
    2020-10-01 $839,000 (8.3%) $1,371,691 (7.5%) 2.40 781
    2020-11-01 $809,975 (4.5%) $1,356,234 (6.2%) 2.37 807
    2020-12-01 $799,999 (3.8%) $1,351,295 (7.8%) 2.38 666
    2021-01-01 $799,000 (4.1%) $1,375,774 (15.2%) 2.39 556
    2021-02-01 $830,944 (4.9%) $1,429,335 (22.3%) 2.42 530
    2021-03-01 $822,000 (2.9%) $1,408,264 (16.8%) 2.33 563
    2021-04-01 $859,225 (9.9%) $1,463,127 (24.3%) 2.33 622
    2021-05-01 $887,000 (15.3%) $1,522,270 (32.8%) 2.36 680
    2021-06-01 $877,000 (14.8%) $1,524,824 (24.1%) 2.31 760
    2021-07-01 $865,000 (10.3%) $1,506,860 (16.0%) 2.28 763
    2021-08-01 $849,713 (6.4%) $1,465,922 (9.6%) 2.27 767
    2021-09-01 $875,000 (8.2%) $1,526,848 (13.2%) 2.33 744
    2021-10-01 $895,000 (6.7%) $1,599,595 (16.6%) 2.39 670
    2021-11-01 $897,000 (10.7%) $1,658,116 (22.3%) 2.40 500
    2021-12-01 $912,498 (14.1%) $1,733,710 (28.3%) 2.47 352
    2022-01-01 $929,000 (16.3%) $1,782,270 (29.6%) 2.51 257
    2022-02-01 $954,500 (14.9%) $1,817,970 (27.2%) 2.48 294
    2022-03-01 $989,500 (20.4%) $1,855,621 (31.8%) 2.48 369
    2022-04-01 $995,000 (15.8%) $1,918,519 (31.1%) 2.37 415
    2022-05-01 $975,000 (9.9%) $1,839,120 (20.8%) 2.23 547
    2022-06-01 $965,625 (10.1%) $1,831,919 (20.1%) 2.15 615
    2022-07-01 $959,000 (10.9%) $1,722,565 (14.3%) 2.17 688
    2022-08-01 $949,000 (11.7%) $1,689,838 (15.3%) 2.19 710
    2022-09-01 $942,000 (7.7%) $1,694,209 (11.0%) 2.20 718
    2022-10-01 $919,000 (2.7%) $1,748,368 (9.3%) 2.16 730
    2022-11-01 $932,225 (3.9%) $1,796,419 (8.3%) 2.24 643
    2022-12-01 $899,950 (-1.4%) $1,725,602 (-0.5%) 2.22 507
    2023-01-01 $917,500 (-1.2%) $1,786,403 (0.2%) 2.27 409
    2023-02-01 $949,475 (-0.5%) $1,803,107 (-0.8%) 2.29 398
    2023-03-01 $990,000 (0.1%) $1,824,215 (-1.7%) 2.33 409
    2023-04-01 $1,149,000 (15.5%) $1,991,579 (3.8%) 2.67 452
    Santa Rosa's median listing price for 2023-04-01 was $1,149,000, a difference of $154,000 (15.5%) versus the prior year and $159,000 versus the prior month.

    Santa Rosa's median listing price comes in at 267% of the national average.

    Santa Rosa's average listing price for 2023-04-01 was $1,991,579, a difference of $73,060 (3.8%) versus the prior year and $167,364 versus the prior month.

    For the 2023-04-01 period, Santa Rosa had 452 MLS listings, a difference of 43 listings (11%) versus the prior month and 37 listings (9%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Santa Rosa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 47 days 1,735 sqft
    2018-02-01 30 days 1,835 sqft
    2018-03-01 29 days 1,795 sqft
    2018-04-01 26 days 1,761 sqft
    2018-05-01 30 days 1,764 sqft
    2018-06-01 32 days 1,748 sqft
    2018-07-01 35 days 1,726 sqft
    2018-08-01 43 days 1,698 sqft
    2018-09-01 47 days 1,700 sqft
    2018-10-01 52 days 1,700 sqft
    2018-11-01 54 days 1,699 sqft
    2018-12-01 67 days 1,682 sqft
    2019-01-01 79 days 1,659 sqft
    2019-02-01 73 days 1,667 sqft
    2019-03-01 46 days 1,700 sqft
    2019-04-01 37 days 1,735 sqft
    2019-05-01 36 days 1,799 sqft
    2019-06-01 44 days 1,813 sqft
    2019-07-01 49 days 1,811 sqft
    2019-08-01 61 days 1,811 sqft
    2019-09-01 71 days 1,846 sqft
    2019-10-01 69 days 1,824 sqft
    2019-11-01 79 days 1,808 sqft
    2019-12-01 90 days 1,798 sqft
    2020-01-01 96 days 1,816 sqft
    2020-02-01 73 days 1,849 sqft
    2020-03-01 51 days 1,911 sqft
    2020-04-01 56 days 1,858 sqft
    2020-05-01 59 days 1,855 sqft
    2020-06-01 49 days 1,862 sqft
    2020-07-01 55 days 1,872 sqft
    2020-08-01 54 days 1,901 sqft
    2020-09-01 58 days 1,871 sqft
    2020-10-01 47 days 1,888 sqft
    2020-11-01 46 days 1,847 sqft
    2020-12-01 58 days 1,816 sqft
    2021-01-01 71 days 1,840 sqft
    2021-02-01 60 days 1,866 sqft
    2021-03-01 44 days 1,875 sqft
    2021-04-01 45 days 1,896 sqft
    2021-05-01 43 days 1,903 sqft
    2021-06-01 43 days 1,884 sqft
    2021-07-01 48 days 1,870 sqft
    2021-08-01 52 days 1,844 sqft
    2021-09-01 55 days 1,877 sqft
    2021-10-01 58 days 1,884 sqft
    2021-11-01 64 days 1,932 sqft
    2021-12-01 74 days 1,933 sqft
    2022-01-01 63 days 1,926 sqft
    2022-02-01 36 days 1,887 sqft
    2022-03-01 39 days 1,871 sqft
    2022-04-01 43 days 1,903 sqft
    2022-05-01 41 days 1,889 sqft
    2022-06-01 46 days 1,892 sqft
    2022-07-01 49 days 1,874 sqft
    2022-08-01 54 days 1,848 sqft
    2022-09-01 60 days 1,838 sqft
    2022-10-01 64 days 1,840 sqft
    2022-11-01 69 days 1,851 sqft
    2022-12-01 82 days 1,825 sqft
    2023-01-01 92 days 1,832 sqft
    2023-02-01 74 days 1,883 sqft
    2023-03-01 54 days 1,910 sqft
    2023-04-01 54 days 1,997 sqft
    Santa Rosa's median listing age (time on market) for 2023-04-01 was 54 days. This is 24% longer than the same period one year ago.

    Santa Rosa's median square footage for active listings during the 2023-04-01 period was 1,997 sqft. One year prior, the average listing was 1,903 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.