Sonora VA Loan Rates, Closing Costs & Stats

Sonora, 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 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.

Sonora's 60 lenders originated 251 VA loans during 2021. The total origination value was $79,215,000, with an average VA loan value of $315,598.

Sonora VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sonora averaged 6.4% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Sonora's average VA mortgage closing costs are $5,575.

The average rate for the prior week (2022-11-25) was 6.93% and one month ago for the week of 2022-10-28, the average rate was 7.12%.

The average rate one year ago was 3.5%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.61%.

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

Sonora 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 Sonora level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 40 2.33% $4,631
UNITED WHOLESALE MORTGAGE, LLC 15 2.48% $5,957
FREEDOM MORTGAGE CORPORATION 15 2.38% $3,297
PENNYMAC LOAN SERVICES, LLC 13 2.32% $4,380
Mortgage Research Center, LLC 11 2.78% $6,681
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 2.64% $5,474
LOANDEPOT.COM, LLC 9 2.30% $5,093
CALIBER HOME LOANS, INC. 8 2.51% $3,660
VILLAGE CAPITAL MORTGAGE 7 2.04% $4,285
NAVY FEDERAL CREDIT UNION 6 2.58% $5,000
HOME POINT FINANCIAL CORPORATION 6 2.35% $3,996
NEW DAY FINANCIAL, LLC 5 2.59% $8,846
LAKEVIEW LOAN SERVICING, LLC 4 2.31% $1,806
USAA Federal Savings Bank 4 2.75% $2,524
MEGASTAR FINANCIAL CORP. 4 2.88% $4,195
The Federal Savings Bank 3 2.63% $4,036
Barrington Bank & Trust Company, N.A. 3 2.54% $4,327
AMERICAN FINANCIAL NETWORK, INC. 3 2.54% $8,342
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.79% $4,443
Wells Fargo Bank 2 2.69% $8,413
CLEARPATH LENDING 2 2.25% $6,214
CROSSCOUNTRY MORTGAGE, LLC 2 3.25% $14,615
GUARANTEED RATE, INC. 2 2.31% $2,538
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.25% $7,735
Magnolia Bank 2 3.00% $10,152
Mr. Cooper ( Nationstar Mortgage ) 2 2.50% $3,103
NEWREZ LLC 2 2.50% $3,023
PLANET HOME LENDING, LLC 2 2.25% $4,748
SOVEREIGN LENDING GROUP INCORPORATED 2 2.56% $7,258
SUMMIT FUNDING, INC. 2 2.50% $21,609
Flagstar Bank, FSB 1 2.75% $12,449
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $5,919
BNC National Bank 1 2.38% $1,935
NATIONS DIRECT MORTGAGE, LLC 1 2.38% $4,872
First Guaranty Mortgage Corporation 1 2.25% $2,077
NETWORK CAPITAL FUNDING CORPORATION 1 3.25% $2,869
First Federal Bank 1 2.88% $10,013
U.S. Bank 1 2.50% $15,208
North American Savings Bank, F.S.B. 1 2.63% $1,849
Northpointe Bank 1 2.75% $3,998
FINANCE OF AMERICA MORTGAGE LLC 1 2.50% $13,412
PENTAGON FEDERAL CREDIT UNION 1 2.25% $2,635
Plains Commerce Bank 1 3.25% $2,722
VERITAS FUNDING, LLC 1 2.25% $13,247
PLAZA HOME MORTGAGE, INC. 1 2.50% $4,389
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.00% $15,176
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.88% $12,581
Equity Prime Mortgage LLC 1 2.88% $2,840
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $7,670
Sierra Pacific Mortgage Company, Inc. 1 2.63% $6,964
American Mortgage & Equity Consultants, Inc. 1 2.50% $2,179
ACADEMY MORTGAGE CORPORATION 1 2.75% $4,639
CMG MORTGAGE, INC. 1 3.25% $4,759
Umpqua Bank 1 2.50% $3,712
Low VA Rates, LLC 1 2.25% $0
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.63% $3,598
MASON MCDUFFIE MORTGAGE CORPORATION 1 2.25% $4,306
GUARANTEED RATE AFFINITY, LLC 1 3.00% $11,763
Mid-Continent Funding, Inc. 1 2.25% $11,187
MORTGAGE CAPITAL PARTNERS, INC. 1 2.75% $12,050

The top Sonora VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 40 VA loans originated. Their average total fees are $4,631, which is $1,326 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Sonora VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($3,297), PENNYMAC LOAN SERVICES, LLC ($4,380), QUICKEN LOANS, LLC ($4,631), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,474) and UNITED WHOLESALE MORTGAGE, LLC ($5,957).

The lowest rate Sonora VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.32%), QUICKEN LOANS, LLC (2.33%), FREEDOM MORTGAGE CORPORATION (2.38%), UNITED WHOLESALE MORTGAGE, LLC (2.48%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (2.64%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sonora (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 $323,250 (2.6%) $388,005 (-0.6%) 0.00 313
2018-02-01 $325,000 (3.7%) $400,258 (1.6%) 0.00 296
2018-03-01 $325,000 (2.4%) $399,228 (-0.1%) 0.00 311
2018-04-01 $344,250 (5.9%) $418,658 (5.3%) 0.00 326
2018-05-01 $349,950 (7.7%) $435,575 (8.4%) 0.00 361
2018-06-01 $350,000 (6.4%) $435,602 (10.1%) 0.00 415
2018-07-01 $349,450 (7.5%) $423,887 (11.1%) 0.00 496
2018-08-01 $348,500 (7.2%) $422,111 (8.9%) 0.00 521
2018-09-01 $339,000 (6.3%) $415,157 (7.4%) 0.00 529
2018-10-01 $337,000 (6.3%) $407,088 (3.2%) 0.00 505
2018-11-01 $339,000 (9.7%) $405,030 (4.2%) 0.00 466
2018-12-01 $329,000 (6.5%) $400,151 (5.1%) 0.00 425
2019-01-01 $334,200 (3.4%) $408,435 (5.3%) 0.00 342
2019-02-01 $329,450 (1.4%) $403,979 (0.9%) 0.00 331
2019-03-01 $333,693 (2.7%) $410,123 (2.7%) 0.00 348
2019-04-01 $339,475 (-1.4%) $416,794 (-0.5%) 0.00 397
2019-05-01 $347,225 (-0.8%) $428,764 (-1.6%) 0.00 475
2019-06-01 $354,450 (1.3%) $433,270 (-0.5%) 0.00 547
2019-07-01 $349,700 (0.1%) $420,245 (-0.9%) 0.00 614
2019-08-01 $346,636 (-0.5%) $416,176 (-1.4%) 0.00 630
2019-09-01 $342,341 (1.0%) $415,656 (0.1%) 0.00 625
2019-10-01 $342,477 (1.6%) $415,234 (2.0%) 0.00 611
2019-11-01 $339,000 (0.0%) $415,302 (2.5%) 0.00 554
2019-12-01 $336,000 (2.1%) $427,814 (6.9%) 0.00 474
2020-01-01 $329,000 (-1.6%) $426,026 (4.3%) 0.00 363
2020-02-01 $329,000 (-0.1%) $428,325 (6.0%) 0.00 349
2020-03-01 $339,125 (1.6%) $422,910 (3.1%) 0.00 366
2020-04-01 $335,675 (-1.1%) $420,328 (0.9%) 0.00 352
2020-05-01 $338,000 (-2.7%) $424,292 (-1.0%) 0.00 353
2020-06-01 $359,488 (1.4%) $435,708 (0.6%) 0.00 339
2020-07-01 $369,713 (5.7%) $445,692 (6.1%) 0.00 320
2020-08-01 $381,100 (9.9%) $463,551 (11.4%) 0.00 252
2020-09-01 $378,750 (10.6%) $546,723 (31.5%) 0.00 242
2020-10-01 $375,000 (9.5%) $545,586 (31.4%) 0.00 248
2020-11-01 $397,000 (17.1%) $493,315 (18.8%) 0.00 219
2020-12-01 $399,925 (19.0%) $516,460 (20.7%) 0.00 191
2021-01-01 $432,000 (31.3%) $542,645 (27.4%) 0.00 163
2021-02-01 $466,975 (41.9%) $587,900 (37.3%) 0.00 129
2021-03-01 $469,750 (38.5%) $558,524 (32.1%) 0.00 130
2021-04-01 $449,971 (34.1%) $533,892 (27.0%) 0.00 158
2021-05-01 $448,500 (32.7%) $521,917 (23.0%) 0.00 177
2021-06-01 $451,750 (25.7%) $532,674 (22.3%) 0.00 196
2021-07-01 $449,900 (21.7%) $532,671 (19.5%) 0.00 203
2021-08-01 $439,613 (15.4%) $518,613 (11.9%) 0.00 227
2021-09-01 $432,000 (14.1%) $517,409 (-5.4%) 0.00 243
2021-10-01 $432,500 (15.3%) $535,289 (-1.9%) 0.00 259
2021-11-01 $450,000 (13.4%) $567,519 (15.0%) 0.00 233
2021-12-01 $479,000 (19.8%) $595,965 (15.4%) 0.00 183
2022-01-01 $492,725 (14.1%) $628,648 (15.9%) 0.00 127
2022-02-01 $489,625 (4.9%) $639,264 (8.7%) 0.00 115
2022-03-01 $494,250 (5.2%) $625,165 (11.9%) 0.00 138
2022-04-01 $491,500 (9.2%) $597,505 (11.9%) 0.00 158
2022-05-01 $479,750 (7.0%) $1,262,527 (141.9%) 0.00 211
2022-06-01 $473,725 (4.9%) $579,209 (8.7%) 0.00 266
2022-07-01 $459,000 (2.0%) $548,948 (3.1%) 0.00 315
2022-08-01 $449,450 (2.2%) $527,474 (1.7%) 0.00 344
2022-09-01 $447,000 (3.5%) $531,049 (2.6%) 0.00 318
2022-10-01 $449,000 (3.8%) $533,600 (-0.3%) 0.00 313
2022-11-01 $431,250 (-4.2%) $529,741 (-6.7%) 0.00 298
Sonora's median listing price for 2022-11-01 was $431,250, a difference of $-18,750 (-4.2%) versus the prior year and $-17,750 versus the prior month.

Sonora's median listing price comes in at 0% of the national average.

Sonora's average listing price for 2022-11-01 was $529,741, a difference of $-37,778 (-6.7%) versus the prior year and $-3,859 versus the prior month.

For the 2022-11-01 period, Sonora had 298 MLS listings, a difference of -15 listings (-5%) versus the prior month and 65 listings (28%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sonora (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,728 sqft
2018-02-01 0 days 1,739 sqft
2018-03-01 0 days 1,750 sqft
2018-04-01 0 days 1,773 sqft
2018-05-01 0 days 1,841 sqft
2018-06-01 0 days 1,873 sqft
2018-07-01 0 days 1,793 sqft
2018-08-01 0 days 1,779 sqft
2018-09-01 0 days 1,792 sqft
2018-10-01 0 days 1,761 sqft
2018-11-01 0 days 1,784 sqft
2018-12-01 0 days 1,762 sqft
2019-01-01 0 days 1,798 sqft
2019-02-01 0 days 1,760 sqft
2019-03-01 0 days 1,790 sqft
2019-04-01 0 days 1,815 sqft
2019-05-01 0 days 1,843 sqft
2019-06-01 0 days 1,844 sqft
2019-07-01 0 days 1,817 sqft
2019-08-01 0 days 1,809 sqft
2019-09-01 0 days 1,817 sqft
2019-10-01 0 days 1,826 sqft
2019-11-01 0 days 1,803 sqft
2019-12-01 0 days 1,803 sqft
2020-01-01 0 days 1,793 sqft
2020-02-01 0 days 1,776 sqft
2020-03-01 0 days 1,762 sqft
2020-04-01 0 days 1,787 sqft
2020-05-01 0 days 1,772 sqft
2020-06-01 0 days 1,812 sqft
2020-07-01 0 days 1,814 sqft
2020-08-01 0 days 1,785 sqft
2020-09-01 0 days 1,795 sqft
2020-10-01 0 days 1,790 sqft
2020-11-01 0 days 1,801 sqft
2020-12-01 0 days 1,805 sqft
2021-01-01 0 days 1,814 sqft
2021-02-01 0 days 1,811 sqft
2021-03-01 0 days 1,817 sqft
2021-04-01 0 days 1,800 sqft
2021-05-01 0 days 1,797 sqft
2021-06-01 0 days 1,794 sqft
2021-07-01 0 days 1,786 sqft
2021-08-01 0 days 1,731 sqft
2021-09-01 0 days 1,755 sqft
2021-10-01 0 days 1,732 sqft
2021-11-01 0 days 1,841 sqft
2021-12-01 0 days 1,867 sqft
2022-01-01 0 days 1,889 sqft
2022-02-01 0 days 1,819 sqft
2022-03-01 0 days 1,895 sqft
2022-04-01 0 days 1,836 sqft
2022-05-01 0 days 1,778 sqft
2022-06-01 0 days 1,810 sqft
2022-07-01 0 days 1,757 sqft
2022-08-01 0 days 1,759 sqft
2022-09-01 0 days 1,769 sqft
2022-10-01 0 days 1,734 sqft
2022-11-01 0 days 1,721 sqft
Sonora's median listing age (time on market) for 2022-11-01 was 0 days.

Sonora's median square footage for active listings during the 2022-11-01 period was 1,721 sqft. One year prior, the average listing was 1,841 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.