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 32 lenders originated 96 VA loans during 2023. The total origination value was $66,830,000, with an average VA loan value of $696,146.

    Santa Rosa VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Santa Rosa averaged 6.7% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Santa Rosa's average VA mortgage closing costs are $8,987.

    The average rate for the prior week (2024-04-12) was 6.63% and one month ago for the week of 2024-03-15, the average rate was 6.7%.

    The average rate one year ago was 5.99%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.59%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 22 6.22% $15,587
    Mortgage Research Center, LLC 8 6.50% $17,469
    LOANDEPOT.COM, LLC 5 4.87% $10,957
    CROSSCOUNTRY MORTGAGE, LLC 5 6.40% $18,253
    QUICKEN LOANS, LLC 5 6.12% $15,880
    DHI MORTGAGE COMPANY, LTD. 4 5.50% $13,038
    BROKER SOLUTIONS, INC. 3 6.54% $18,299
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.08% $25,009
    NAVY FEDERAL CREDIT UNION 3 5.42% $7,597
    Sierra Pacific Mortgage Company, Inc. 3 6.33% $17,701
    GUILD MORTGAGE COMPANY 3 6.38% $13,110
    PENNYMAC LOAN SERVICES, LLC 3 5.50% $8,695
    Barrington Bank & Trust Company, N.A. 2 6.25% $24,654
    FREEDOM MORTGAGE CORPORATION 2 6.94% $16,638
    Paramount Residential Mortgage Group, Inc. 2 6.87% $7,548
    The Federal Savings Bank 2 5.63% $30,888
    USAA Federal Savings Bank 2 6.00% $3,878
    VILLAGE CAPITAL MORTGAGE 2 6.63% $24,501
    Wells Fargo Bank 1 6.50% $16,857
    American Mortgage & Equity Consultants, Inc. 1 5.63% $15,561
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $14,845
    Flagstar Bank, FSB 1 5.75% $85,003
    GUARANTEED RATE AFFINITY, LLC 1 6.23% $12,363
    GUARANTY HOME MORTGAGE CORPORATION 1 5.88% $6,445
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.63% $23,081
    KBHS HOME LOANS, LLC 1 4.25% $20,421
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $11,293
    OCMBC, INC. 1 5.13% $13,096
    PLANET HOME LENDING, LLC 1 6.38% $16,174
    SUMMIT FUNDING, INC. 1 5.88% $42,098
    SUN WEST MORTGAGE COMPANY, INC. 1 7.25% $6,652
    AMERICAN FINANCIAL NETWORK, INC. 1 6.00% $5,507

    The top Santa Rosa VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 22 VA loans originated. Their average total fees are $15,587, which is $1,882 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Santa Rosa VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($15,587), .

    The lowest rate Santa Rosa VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.22%), .

    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 (10.2%) $1,231,307 (10.5%) 2.93 407
    2018-02-01 $797,000 (9.9%) $1,200,558 (7.7%) 2.89 444
    2018-03-01 $777,000 (5.1%) $1,196,027 (0.4%) 2.73 524
    2018-04-01 $762,475 (0.3%) $1,189,317 (-8.9%) 2.59 617
    2018-05-01 $792,000 (2.6%) $1,273,397 (0.0%) 2.64 760
    2018-06-01 $749,000 (-3.9%) $1,211,005 (-4.7%) 2.50 923
    2018-07-01 $736,000 (-2.5%) $1,150,500 (-6.8%) 2.46 1,086
    2018-08-01 $699,463 (-7.3%) $1,107,243 (-11.2%) 2.34 1,172
    2018-09-01 $709,500 (-10.6%) $1,100,755 (-13.9%) 2.38 1,208
    2018-10-01 $699,000 (-14.2%) $1,101,423 (-15.8%) 2.37 1,177
    2018-11-01 $699,000 (-15.5%) $1,115,671 (-17.8%) 2.37 1,105
    2018-12-01 $689,990 (-16.8%) $1,113,843 (-15.4%) 2.38 896
    2019-01-01 $681,500 (-13.8%) $1,078,741 (-12.4%) 2.35 725
    2019-02-01 $688,800 (-13.6%) $1,114,305 (-7.2%) 2.33 700
    2019-03-01 $720,857 (-7.2%) $1,201,613 (0.5%) 2.36 745
    2019-04-01 $757,500 (-0.7%) $1,259,293 (5.9%) 2.41 868
    2019-05-01 $791,250 (-0.1%) $1,335,282 (4.9%) 2.47 1,062
    2019-06-01 $799,000 (6.7%) $1,365,346 (12.7%) 2.50 1,180
    2019-07-01 $795,000 (8.0%) $1,335,856 (16.1%) 2.49 1,252
    2019-08-01 $774,727 (10.8%) $1,301,705 (17.6%) 2.45 1,251
    2019-09-01 $774,318 (9.1%) $1,292,898 (17.5%) 2.48 1,208
    2019-10-01 $774,045 (10.7%) $1,284,433 (16.6%) 2.50 1,167
    2019-11-01 $775,000 (10.9%) $1,278,268 (14.6%) 2.54 1,055
    2019-12-01 $770,650 (11.7%) $1,253,128 (12.5%) 2.57 771
    2020-01-01 $767,500 (12.6%) $1,194,224 (10.7%) 2.56 679
    2020-02-01 $792,068 (15.0%) $1,168,486 (4.9%) 2.59 725
    2020-03-01 $799,000 (10.8%) $1,205,979 (0.4%) 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 (-14.2%) 2.34 999
    2020-06-01 $763,750 (-4.4%) $1,228,384 (-10.0%) 2.25 1,024
    2020-07-01 $784,248 (-1.4%) $1,299,527 (-2.7%) 2.27 899
    2020-08-01 $799,000 (3.1%) $1,337,303 (2.7%) 2.29 786
    2020-09-01 $808,500 (4.4%) $1,348,645 (4.3%) 2.32 704
    2020-10-01 $839,000 (8.4%) $1,371,691 (6.8%) 2.40 781
    2020-11-01 $809,975 (4.5%) $1,356,234 (6.1%) 2.37 807
    2020-12-01 $799,999 (3.8%) $1,351,133 (7.8%) 2.38 666
    2021-01-01 $799,000 (4.1%) $1,375,774 (15.2%) 2.39 556
    2021-02-01 $827,000 (4.4%) $1,427,661 (22.2%) 2.41 530
    2021-03-01 $822,000 (2.9%) $1,407,855 (16.7%) 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%) $1,522,053 (32.8%) 2.36 680
    2021-06-01 $877,000 (14.8%) $1,530,392 (24.6%) 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%) $1,464,681 (9.5%) 2.27 767
    2021-09-01 $875,000 (8.2%) $1,526,292 (13.2%) 2.33 744
    2021-10-01 $895,000 (6.7%) $1,602,360 (16.8%) 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 (15.4%) $1,817,970 (27.3%) 2.48 294
    2022-03-01 $989,500 (20.4%) $1,855,314 (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%) $1,838,479 (20.8%) 2.23 547
    2022-06-01 $965,625 (10.1%) $1,831,919 (19.7%) 2.15 615
    2022-07-01 $950,000 (9.8%) $1,720,085 (14.2%) 2.14 688
    2022-08-01 $946,500 (11.4%) $1,689,838 (15.4%) 2.19 710
    2022-09-01 $940,500 (7.5%) $1,693,713 (11.0%) 2.20 718
    2022-10-01 $919,000 (2.7%) $1,748,368 (9.1%) 2.16 730
    2022-11-01 $932,225 (3.9%) $1,796,419 (8.3%) 2.24 643
    2022-12-01 $899,925 (-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 $951,225 (-0.3%) $1,802,208 (-0.9%) 2.30 398
    2023-03-01 $987,500 (-0.2%) $1,823,193 (-1.7%) 2.33 409
    2023-04-01 $1,149,000 (15.5%) $1,989,093 (3.7%) 2.67 452
    2023-05-01 $1,100,000 (12.8%) $1,990,353 (8.3%) 2.49 550
    2023-06-01 $1,125,000 (16.5%) $1,935,415 (5.7%) 2.53 651
    2023-07-01 $1,079,000 (13.6%) $1,864,039 (8.4%) 2.45 708
    2023-08-01 $1,065,000 (12.5%) $1,858,746 (10.0%) 2.45 701
    2023-09-01 $1,070,990 (13.9%) $1,893,877 (11.8%) 2.49 763
    2023-10-01 $1,057,000 (15.0%) $1,894,714 (8.4%) 2.49 768
    2023-11-01 $1,004,800 (7.8%) $1,892,938 (5.4%) 2.39 723
    2023-12-01 $969,990 (7.8%) $1,786,960 (3.6%) 2.37 537
    2024-01-01 $950,748 (3.6%) $1,759,251 (-1.5%) 2.32 453
    2024-02-01 $970,000 (2.0%) $1,842,492 (2.2%) 2.33 445
    2024-03-01 $989,000 (0.2%) $2,006,805 (10.1%) 2.33 503
    Santa Rosa's median listing price for 2024-03-01 was $989,000, a difference of $1,500 (0.2%) versus the prior year and $19,000 versus the prior month.

    Santa Rosa's median listing price comes in at 233% of the national average.

    Santa Rosa's average listing price for 2024-03-01 was $2,006,805, a difference of $183,612 (10.1%) versus the prior year and $164,313 versus the prior month.

    For the 2024-03-01 period, Santa Rosa had 503 MLS listings, a difference of 58 listings (13%) versus the prior month and 94 listings (23%) 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 46 days 1,729 sqft
    2018-02-01 29 days 1,837 sqft
    2018-03-01 26 days 1,795 sqft
    2018-04-01 25 days 1,762 sqft
    2018-05-01 28 days 1,764 sqft
    2018-06-01 31 days 1,748 sqft
    2018-07-01 34 days 1,726 sqft
    2018-08-01 41 days 1,699 sqft
    2018-09-01 45 days 1,700 sqft
    2018-10-01 52 days 1,700 sqft
    2018-11-01 54 days 1,700 sqft
    2018-12-01 65 days 1,683 sqft
    2019-01-01 77 days 1,659 sqft
    2019-02-01 71 days 1,668 sqft
    2019-03-01 56 days 1,692 sqft
    2019-04-01 34 days 1,736 sqft
    2019-05-01 34 days 1,800 sqft
    2019-06-01 43 days 1,813 sqft
    2019-07-01 47 days 1,811 sqft
    2019-08-01 54 days 1,812 sqft
    2019-09-01 61 days 1,816 sqft
    2019-10-01 66 days 1,819 sqft
    2019-11-01 75 days 1,808 sqft
    2019-12-01 86 days 1,798 sqft
    2020-01-01 94 days 1,811 sqft
    2020-02-01 68 days 1,849 sqft
    2020-03-01 48 days 1,910 sqft
    2020-04-01 55 days 1,861 sqft
    2020-05-01 57 days 1,857 sqft
    2020-06-01 45 days 1,862 sqft
    2020-07-01 52 days 1,871 sqft
    2020-08-01 51 days 1,903 sqft
    2020-09-01 53 days 1,876 sqft
    2020-10-01 45 days 1,883 sqft
    2020-11-01 43 days 1,848 sqft
    2020-12-01 56 days 1,815 sqft
    2021-01-01 67 days 1,839 sqft
    2021-02-01 54 days 1,865 sqft
    2021-03-01 42 days 1,872 sqft
    2021-04-01 44 days 1,898 sqft
    2021-05-01 42 days 1,903 sqft
    2021-06-01 42 days 1,889 sqft
    2021-07-01 47 days 1,870 sqft
    2021-08-01 51 days 1,846 sqft
    2021-09-01 54 days 1,878 sqft
    2021-10-01 57 days 1,884 sqft
    2021-11-01 61 days 1,934 sqft
    2021-12-01 70 days 1,938 sqft
    2022-01-01 60 days 1,939 sqft
    2022-02-01 35 days 1,901 sqft
    2022-03-01 37 days 1,874 sqft
    2022-04-01 40 days 1,915 sqft
    2022-05-01 39 days 1,892 sqft
    2022-06-01 44 days 1,895 sqft
    2022-07-01 47 days 1,884 sqft
    2022-08-01 52 days 1,849 sqft
    2022-09-01 57 days 1,841 sqft
    2022-10-01 61 days 1,841 sqft
    2022-11-01 65 days 1,850 sqft
    2022-12-01 79 days 1,826 sqft
    2023-01-01 85 days 1,834 sqft
    2023-02-01 69 days 1,887 sqft
    2023-03-01 51 days 1,913 sqft
    2023-04-01 51 days 1,997 sqft
    2023-05-01 44 days 1,999 sqft
    2023-06-01 46 days 2,023 sqft
    2023-07-01 42 days 1,955 sqft
    2023-08-01 46 days 1,982 sqft
    2023-09-01 46 days 2,004 sqft
    2023-10-01 48 days 1,999 sqft
    2023-11-01 55 days 1,976 sqft
    2023-12-01 68 days 1,937 sqft
    2024-01-01 73 days 1,910 sqft
    2024-02-01 57 days 1,922 sqft
    2024-03-01 35 days 1,918 sqft
    Santa Rosa's median listing age (time on market) for 2024-03-01 was 35 days. This is -31% shorter than the same period one year ago.

    Santa Rosa's median square footage for active listings during the 2024-03-01 period was 1,918 sqft. One year prior, the average listing was 1,913 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.