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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.