Santa Rosa VA Loans

SANTA ROSA-PETALUMA, 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 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 94 lenders originated 863 VA loans during 2021. The total origination value was $460,505,000, with an average VA loan value of $533,610.

Santa Rosa VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Santa Rosa averaged 5.44% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.67% and one month ago for the week of 2022-04-08, the average rate was 4.89%.

The average rate one year ago was 3.11%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.18%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Santa Rosa level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 109 2.36% $6,074
FREEDOM MORTGAGE CORPORATION 75 2.35% $4,004
UNITED WHOLESALE MORTGAGE, LLC 55 2.43% $8,227
PENNYMAC LOAN SERVICES, LLC 48 2.30% $8,522
Mortgage Research Center, LLC 44 2.80% $11,430
LOANDEPOT.COM, LLC 44 2.48% $6,463
CALIBER HOME LOANS, INC. 29 2.49% $11,615
VILLAGE CAPITAL & INVESTMENT LLC 26 2.18% $6,375
HOME POINT FINANCIAL CORPORATION 26 2.45% $8,441
CROSSCOUNTRY MORTGAGE, LLC 26 2.65% $12,112
LAKEVIEW LOAN SERVICING, LLC 25 2.36% $2,700
AMERICAN PACIFIC MORTGAGE CORPORATION 15 2.77% $16,200
Flagstar Bank, FSB 14 2.45% $8,038
GUARANTEED RATE, INC. 14 2.54% $8,852
NAVY FEDERAL CREDIT UNION 11 2.43% $6,434
USAA Federal Savings Bank 10 2.91% $11,395
Wells Fargo Bank 10 2.33% $5,722
FINANCE OF AMERICA MORTGAGE LLC 8 2.69% $9,968
CLEARPATH LENDING 8 2.25% $5,235
GUARANTEED RATE AFFINITY, LLC 8 2.63% $11,062
The Federal Savings Bank 8 2.42% $7,559
STEARNS LENDING, LLC 7 2.59% $10,399
Mr. Cooper ( Nationstar Mortgage ) 7 2.41% $5,003
GUILD MORTGAGE COMPANY 7 2.63% $5,038
North American Savings Bank, F.S.B. 6 2.52% $3,272
Lakeview Community Capital, LLC 6 2.35% $3,347
PLANET HOME LENDING, LLC 6 2.25% $3,338
Carrington Mortgage Services, LLC 6 2.52% $11,678
NP, Inc. 6 2.25% $6,320
AMERICAN FINANCIAL NETWORK, INC. 6 2.56% $15,527
NEWREZ LLC 6 2.60% $7,009
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 2.54% $6,151
NEW DAY FINANCIAL, LLC 5 2.68% $18,081
SUMMIT FUNDING, INC. 5 2.88% $8,279
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.62% $13,941
SUN WEST MORTGAGE COMPANY, INC. 4 2.38% $3,589
BROKER SOLUTIONS, INC. 4 2.56% $12,287
Umpqua Bank 4 2.66% $7,363
HOMEAMERICAN MORTGAGE CORPORATION 4 2.81% $14,101
Century Mortgage Company DBA Century Lending Company 4 2.72% $10,143
PLAZA HOME MORTGAGE, INC. 3 2.25% $7,215
NETWORK CAPITAL FUNDING CORPORATION 3 2.33% $4,752
Paramount Residential Mortgage Group, Inc. 3 2.92% $15,921
PENTAGON FEDERAL CREDIT UNION 3 2.25% $12,967
Barrington Bank & Trust Company, N.A. 3 2.75% $8,886
First Guaranty Mortgage Corporation 3 2.25% $11,247
ACCELERATE MORTGAGE, LLC 2 2.25% $7,136
BNC National Bank 2 2.50% $3,017
CELEBRITY HOME LOANS, LLC 2 2.31% $14,760
Citizens Bank 2 2.50% $11,523
Commerce Home Mortgage, Inc. 2 2.81% $7,152
EVERETT FINANCIAL, INC. 2 2.63% $3,392
FRONTWAVE 2 2.13% $17,338
InterContinental Capital Group, Inc 2 2.44% $5,354
KELLER MORTGAGE, LLC 2 2.44% $2,911
MASON MCDUFFIE MORTGAGE CORPORATION 2 2.25% $11,356
Mid-Continent Funding, Inc. 2 2.63% $5,754
Plains Commerce Bank 2 2.44% $3,686
PREMIER LENDING, INC. 2 2.63% $9,462
S1L, Inc. 2 2.63% $14,618
U.S. Bank 2 2.50% $2,108
Northpointe Bank 1 2.50% $18,731
Low VA Rates, LLC 1 2.25% $2,502
Loan Simple, Inc. 1 2.38% $4,895
PARKSIDE LENDING, LLC 1 2.38% $3,045
LENOX FINANCIAL MORTGAGE CORPORATION 1 2.25% $1,310
LENDUS, LLC 1 2.75% $4,777
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.13% $4,429
KS StateBank 1 2.25% $2,575
IMPAC MORTGAGE CORP. 1 2.25% $0
V.I.P. MORTGAGE, INC. 1 2.25% $1,433
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.75% $38,326
HOMESIDE FINANCIAL, LLC 1 3.25% $5,434
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $15,155
Watermark Capital, Inc. 1 2.25% $2,453
Sierra Pacific Mortgage Company, Inc. 1 2.88% $20,488
SOVEREIGN LENDING GROUP INCORPORATED 1 2.25% $2,117
HomePromise Corporation 1 3.13% $63,467
Stifel Bank and Trust 1 2.38% $1,041
Strong Home Mortgage, LLC 1 2.75% $900
First Federal Bank 1 3.13% $6,810
FBC MORTGAGE, LLC 1 2.25% $2,909
DIRECTORS MORTGAGE, INC. 1 2.99% $28,096
TJC Mortgage, Inc. 1 2.25% $1,305
TOWNE MORTGAGE COMPANY 1 2.75% $12,202
DATA MORTGAGE, INC. 1 2.38% $9,606
UNION HOME MORTGAGE CORP. 1 2.25% $4,160
CMG MORTGAGE, INC. 1 2.25% $4,671
CHURCHILL MORTGAGE CORPORATION 1 2.25% $2,438
AMERISAVE MORTGAGE CORPORATION 1 2.25% $8,042
NATIONWIDE MORTGAGE BANKERS, INC. 1 2.25% $25,020
Nations Lending Corporation 1 2.38% $6,189
Meridian Bank Corporation 1 2.25% $2,437
MEGA CAPITAL FUNDING, INC. 1 2.75% $5,271

The top Santa Rosa VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 109 VA loans originated. Their average total fees are $6,074, which is $2,069 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Santa Rosa VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,700), FREEDOM MORTGAGE CORPORATION ($4,004), Wells Fargo Bank ($5,722), QUICKEN LOANS, LLC ($6,074) and VILLAGE CAPITAL & INVESTMENT LLC ($6,375).

The lowest rate Santa Rosa VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.18%), PENNYMAC LOAN SERVICES, LLC (2.30%), Wells Fargo Bank (2.33%), FREEDOM MORTGAGE CORPORATION (2.35%) and QUICKEN LOANS, LLC (2.36%).


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 $784,000 (9.7%) $1,226,237 (14.4%) 2.89 409
2018-02-01 $796,500 (9.1%) $1,182,391 (9.9%) 2.87 452
2018-03-01 $779,000 (5.7%) $1,190,063 (2.9%) 2.70 525
2018-04-01 $762,475 (0.5%) $1,187,804 (-6.9%) 2.56 624
2018-05-01 $791,475 (2.9%) $1,261,499 (-0.6%) 2.64 765
2018-06-01 $749,000 (-3.2%) $1,217,730 (-4.1%) 2.50 935
2018-07-01 $737,000 (-1.7%) $1,150,281 (-8.1%) 2.46 1,096
2018-08-01 $699,750 (-8.2%) $1,107,857 (-13.6%) 2.34 1,184
2018-09-01 $714,900 (-10.1%) $1,100,782 (-15.5%) 2.39 1,214
2018-10-01 $699,000 (-14.2%) $1,095,822 (-17.5%) 2.34 1,186
2018-11-01 $699,000 (-14.5%) $1,110,659 (-18.2%) 2.34 1,114
2018-12-01 $689,900 (-13.8%) $1,116,153 (-15.1%) 2.36 902
2019-01-01 $684,000 (-12.8%) $1,089,491 (-11.2%) 2.36 739
2019-02-01 $689,000 (-13.5%) $1,113,118 (-5.9%) 2.31 718
2019-03-01 $720,857 (-7.5%) $1,202,501 (1.1%) 2.35 757
2019-04-01 $757,500 (-0.7%) $1,266,324 (6.6%) 2.39 872
2019-05-01 $792,000 (0.1%) $1,357,457 (7.6%) 2.44 1,074
2019-06-01 $799,000 (6.7%) $1,391,814 (14.3%) 2.46 1,196
2019-07-01 $795,000 (7.9%) $1,335,369 (16.1%) 2.47 1,266
2019-08-01 $763,857 (9.2%) $1,265,143 (14.2%) 2.40 1,261
2019-09-01 $751,357 (5.1%) $1,248,132 (13.4%) 2.39 1,212
2019-10-01 $785,000 (12.3%) $1,290,476 (17.8%) 2.50 1,181
2019-11-01 $775,000 (10.9%) $1,278,438 (15.1%) 2.50 1,054
2019-12-01 $780,000 (13.1%) $1,239,828 (11.1%) 2.60 778
2020-01-01 $792,000 (15.8%) $1,205,036 (10.6%) 2.64 682
2020-02-01 $799,000 (16.0%) $1,179,034 (5.9%) 2.58 733
2020-03-01 $831,998 (15.4%) $1,205,241 (0.2%) 2.60 796
2020-04-01 $792,000 (4.6%) $1,142,891 (-9.8%) 2.47 792
2020-05-01 $775,000 (-2.2%) $1,143,569 (-15.8%) 2.35 1,004
2020-06-01 $772,000 (-3.4%) $1,223,650 (-12.1%) 2.25 1,014
2020-07-01 $794,950 (0.0%) $1,334,701 (-0.1%) 2.28 897
2020-08-01 $829,000 (8.5%) $1,395,495 (10.3%) 2.37 787
2020-09-01 $845,000 (12.5%) $1,371,926 (9.9%) 2.41 695
2020-10-01 $849,000 (8.2%) $1,388,532 (7.6%) 2.43 786
2020-11-01 $825,000 (6.5%) $1,372,245 (7.3%) 2.36 815
2020-12-01 $817,475 (4.8%) $1,352,201 (9.1%) 2.40 668
2021-01-01 $812,000 (2.5%) $1,397,935 (16.0%) 2.39 561
2021-02-01 $827,000 (3.5%) $1,411,667 (19.7%) 2.38 520
2021-03-01 $820,500 (-1.4%) $1,416,860 (17.6%) 2.30 553
2021-04-01 $864,450 (9.2%) $1,480,583 (29.6%) 2.32 602
2021-05-01 $885,000 (14.2%) $1,549,564 (35.5%) 2.33 659
2021-06-01 $880,000 (14.0%) $1,520,804 (24.3%) 2.29 747
2021-07-01 $872,475 (9.8%) $1,496,709 (12.1%) 2.27 767
2021-08-01 $857,500 (3.4%) $1,441,586 (3.3%) 2.25 752
2021-09-01 $875,000 (3.6%) $1,492,546 (8.8%) 2.30 724
2021-10-01 $899,000 (5.9%) $1,565,077 (12.7%) 2.37 655
2021-11-01 $899,495 (9.0%) $1,620,262 (18.1%) 2.37 487
2021-12-01 $918,495 (12.4%) $1,683,319 (24.5%) 2.45 341
2022-01-01 $926,900 (14.2%) $1,719,373 (23.0%) 2.47 248
2022-02-01 $964,000 (16.6%) $1,775,025 (25.7%) 2.46 277
2022-03-01 $987,500 (20.4%) $1,777,857 (25.5%) 2.44 359
2022-04-01 $1,049,990 (21.5%) $1,872,430 (26.5%) 2.47 405
Santa Rosa's median listing price for 2022-04-01 was $1,049,990, a difference of $185,540 (21.5%) versus the prior year and $62,490 versus the prior month.

Santa Rosa's median listing price comes in at 247% of the national average.

Santa Rosa's average listing price for 2022-04-01 was $1,872,430, a difference of $391,847 (26.5%) versus the prior year and $94,573 versus the prior month.

For the 2022-04-01 period, Santa Rosa had 405 MLS listings, a difference of 46 listings (13%) versus the prior month and -197 listings (-33%) 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 1,745 sqft
2018-02-01 30 days 1,843 sqft
2018-03-01 29 days 1,814 sqft
2018-04-01 26 days 1,767 sqft
2018-05-01 29 days 1,755 sqft
2018-06-01 32 days 1,752 sqft
2018-07-01 36 days 1,732 sqft
2018-08-01 43 days 1,700 sqft
2018-09-01 47 days 1,706 sqft
2018-10-01 52 days 1,699 sqft
2018-11-01 54 days 1,698 sqft
2018-12-01 66 days 1,682 sqft
2019-01-01 77 days 1,656 sqft
2019-02-01 72 days 1,666 sqft
2019-03-01 48 days 1,690 sqft
2019-04-01 38 days 1,738 sqft
2019-05-01 37 days 1,802 sqft
2019-06-01 44 days 1,825 sqft
2019-07-01 49 days 1,816 sqft
2019-08-01 53 days 1,813 sqft
2019-09-01 61 days 1,816 sqft
2019-10-01 63 days 1,837 sqft
2019-11-01 69 days 1,815 sqft
2019-12-01 79 days 1,808 sqft
2020-01-01 88 days 1,839 sqft
2020-02-01 62 days 1,862 sqft
2020-03-01 43 days 1,935 sqft
2020-04-01 49 days 1,901 sqft
2020-05-01 53 days 1,870 sqft
2020-06-01 39 days 1,876 sqft
2020-07-01 44 days 1,889 sqft
2020-08-01 42 days 1,938 sqft
2020-09-01 45 days 1,907 sqft
2020-10-01 42 days 1,912 sqft
2020-11-01 42 days 1,858 sqft
2020-12-01 54 days 1,839 sqft
2021-01-01 64 days 1,865 sqft
2021-02-01 38 days 1,863 sqft
2021-03-01 32 days 1,877 sqft
2021-04-01 32 days 1,896 sqft
2021-05-01 31 days 1,902 sqft
2021-06-01 31 days 1,883 sqft
2021-07-01 35 days 1,876 sqft
2021-08-01 38 days 1,852 sqft
2021-09-01 39 days 1,871 sqft
2021-10-01 43 days 1,884 sqft
2021-11-01 52 days 1,921 sqft
2021-12-01 62 days 1,919 sqft
2022-01-01 56 days 1,906 sqft
2022-02-01 25 days 1,870 sqft
2022-03-01 22 days 1,867 sqft
2022-04-01 25 days 1,900 sqft
Santa Rosa's median listing age (time on market) for 2022-04-01 was 25 days. This is -22% shorter than the same period one year ago.

Santa Rosa's median square footage for active listings during the 2022-04-01 period was 1,900 sqft. One year prior, the average listing was 1,896 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.