Santa Rosa VA Loans

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 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.