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 30 lenders originated 76 VA loans during 2022. The total origination value was $28,640,000, with an average VA loan value of $376,842.

Sonora VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sonora averaged 6.11% for the week of 2024-02-16, compared to the national average (all VA variants) of 6.462% for the same period.

Sonora's average VA mortgage closing costs are $5,917.

The average rate for the prior week (2024-02-09) was 6.37% and one month ago for the week of 2024-01-12, the average rate was 6.03%.

The average rate one year ago was 5.79%.

For refis of the same type during the week of 2024-02-16, the average rate was 4.93%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 11 4.61% $8,291
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 4.77% $12,660
UNITED WHOLESALE MORTGAGE, LLC 8 4.10% $8,727
NEW DAY FINANCIAL, LLC 4 4.09% $12,158
FREEDOM MORTGAGE CORPORATION 3 3.33% $8,433
PENNYMAC LOAN SERVICES, LLC 3 2.79% $3,525
HOME POINT FINANCIAL CORPORATION 2 3.56% $3,891
Northpointe Bank 2 4.50% $10,948
Equity Prime Mortgage LLC 2 5.56% $11,997
Carrington Mortgage Services, LLC 2 5.63% $5,140
CALIBER HOME LOANS, INC. 2 4.00% $11,085
NAVY FEDERAL CREDIT UNION 1 3.38% $3,311
PLANET HOME LENDING, LLC 1 2.75% $16,541
QUICKEN LOANS, LLC 1 3.75% $9,240
Sierra Pacific Mortgage Company, Inc. 1 5.13% $17,033
The Federal Savings Bank 1 6.13% $15,942
UNION HOME MORTGAGE CORP. 1 2.25% $1,025
USAA Federal Savings Bank 1 2.50% $7,969
AMERICAN FINANCING CORPORATION 1 6.50% $10,512
VILLAGE CAPITAL MORTGAGE 1 5.63% $9,714
AMERISAVE MORTGAGE CORPORATION 1 4.38% $22,924
Armed Forces Bank 1 3.75% $7,822
CLEARPATH LENDING 1 5.88% $10,566
FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $7,312
GUARANTEED RATE AFFINITY, LLC 1 4.75% $9,362
LOANDEPOT.COM, LLC 1 4.99% $2,616
MASON MCDUFFIE MORTGAGE CORPORATION 1 6.00% $6,451
MICHIGAN MUTUAL, INC. 1 3.50% $12,875
Mr. Cooper ( Nationstar Mortgage ) 1 5.13% $13,603
NATIONS DIRECT MORTGAGE, LLC 1 2.88% $8,977

The top Sonora VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $8,291, which is $4,369 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Sonora VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,291), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($12,660), .

The lowest rate Sonora VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (4.61%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.77%), .


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 $324,500 (3.0%) $388,470 (-0.4%) 0.00 312
2018-02-01 $325,000 (3.7%) $400,783 (1.8%) 0.00 295
2018-03-01 $325,000 (2.4%) $399,730 (0.1%) 0.00 310
2018-04-01 $344,250 (5.9%) $419,193 (5.5%) 0.00 325
2018-05-01 $349,950 (7.7%) $436,029 (8.5%) 0.00 361
2018-06-01 $350,000 (6.4%) $435,669 (10.2%) 0.00 415
2018-07-01 $349,350 (7.5%) $423,627 (10.8%) 0.00 498
2018-08-01 $348,500 (7.2%) $422,071 (8.8%) 0.00 523
2018-09-01 $339,000 (6.1%) $415,236 (7.2%) 0.00 529
2018-10-01 $337,000 (6.3%) $407,192 (3.1%) 0.00 506
2018-11-01 $339,000 (9.7%) $405,325 (4.2%) 0.00 466
2018-12-01 $329,000 (6.5%) $400,151 (5.0%) 0.00 425
2019-01-01 $334,200 (3.0%) $408,435 (5.1%) 0.00 342
2019-02-01 $329,450 (1.4%) $403,979 (0.8%) 0.00 331
2019-03-01 $333,693 (2.7%) $410,123 (2.6%) 0.00 348
2019-04-01 $339,475 (-1.4%) $416,794 (-0.6%) 0.00 397
2019-05-01 $347,225 (-0.8%) $428,450 (-1.7%) 0.00 476
2019-06-01 $354,725 (1.4%) $432,958 (-0.6%) 0.00 547
2019-07-01 $349,800 (0.1%) $420,551 (-0.7%) 0.00 613
2019-08-01 $346,636 (-0.5%) $416,210 (-1.4%) 0.00 630
2019-09-01 $342,341 (1.0%) $415,306 (0.0%) 0.00 626
2019-10-01 $342,477 (1.6%) $414,679 (1.8%) 0.00 613
2019-11-01 $339,000 (0.0%) $415,095 (2.4%) 0.00 555
2019-12-01 $336,000 (2.1%) $427,851 (6.9%) 0.00 474
2020-01-01 $329,000 (-1.6%) $426,047 (4.3%) 0.00 363
2020-02-01 $329,450 (0.0%) $428,953 (6.2%) 0.00 349
2020-03-01 $339,250 (1.7%) $423,493 (3.3%) 0.00 365
2020-04-01 $336,350 (-0.9%) $420,924 (1.0%) 0.00 351
2020-05-01 $338,500 (-2.5%) $424,892 (-0.8%) 0.00 352
2020-06-01 $359,750 (1.4%) $436,438 (0.8%) 0.00 338
2020-07-01 $369,963 (5.8%) $445,957 (6.0%) 0.00 319
2020-08-01 $379,600 (9.5%) $461,660 (10.9%) 0.00 253
2020-09-01 $376,750 (10.1%) $543,551 (30.9%) 0.00 245
2020-10-01 $375,000 (9.5%) $543,205 (31.0%) 0.00 250
2020-11-01 $397,000 (17.1%) $492,644 (18.7%) 0.00 221
2020-12-01 $399,925 (19.0%) $516,574 (20.7%) 0.00 193
2021-01-01 $435,000 (32.2%) $544,232 (27.7%) 0.00 165
2021-02-01 $470,000 (42.7%) $588,717 (37.3%) 0.00 131
2021-03-01 $474,750 (39.9%) $559,712 (32.2%) 0.00 132
2021-04-01 $449,998 (33.8%) $534,312 (26.9%) 0.00 160
2021-05-01 $448,500 (32.5%) $522,519 (23.0%) 0.00 178
2021-06-01 $455,475 (26.6%) $532,597 (22.0%) 0.00 199
2021-07-01 $449,999 (21.6%) $533,063 (19.5%) 0.00 207
2021-08-01 $441,100 (16.2%) $519,087 (12.4%) 0.00 231
2021-09-01 $432,500 (14.8%) $517,751 (-4.8%) 0.00 249
2021-10-01 $437,000 (16.5%) $534,538 (-1.6%) 0.00 265
2021-11-01 $457,500 (15.2%) $565,975 (14.9%) 0.00 239
2021-12-01 $479,894 (20.0%) $594,450 (15.1%) 0.00 187
2022-01-01 $497,475 (14.4%) $626,495 (15.1%) 0.00 131
2022-02-01 $495,000 (5.3%) $638,177 (8.4%) 0.00 118
2022-03-01 $499,250 (5.2%) $624,496 (11.6%) 0.00 140
2022-04-01 $491,500 (9.2%) $595,714 (11.5%) 0.00 159
2022-05-01 $480,167 (7.1%) $1,251,470 (139.5%) 0.00 213
2022-06-01 $472,500 (3.7%) $579,121 (8.7%) 0.00 265
2022-07-01 $459,000 (2.0%) $549,897 (3.2%) 0.00 314
2022-08-01 $449,450 (1.9%) $528,339 (1.8%) 0.00 343
2022-09-01 $448,000 (3.6%) $532,593 (2.9%) 0.00 318
2022-10-01 $449,000 (2.8%) $534,937 (0.1%) 0.00 314
2022-11-01 $434,500 (-5.0%) $531,445 (-6.1%) 0.00 300
2022-12-01 $440,450 (-8.2%) $541,607 (-8.9%) 0.00 246
2023-01-01 $429,950 (-13.6%) $543,852 (-13.2%) 0.00 199
2023-02-01 $449,000 (-9.3%) $558,531 (-12.5%) 0.00 180
2023-03-01 $454,950 (-8.9%) $571,613 (-8.5%) 0.00 150
2023-04-01 $469,000 (-4.6%) $584,771 (-1.8%) 0.00 163
2023-05-01 $479,750 (-0.1%) $607,182 (-51.5%) 0.00 196
2023-06-01 $489,875 (3.7%) $594,302 (2.6%) 0.00 258
2023-07-01 $489,000 (6.5%) $570,103 (3.7%) 0.00 281
2023-08-01 $456,999 (1.7%) $560,130 (6.0%) 0.00 303
2023-09-01 $449,000 (0.2%) $540,663 (1.5%) 0.00 320
2023-10-01 $449,000 (0.0%) $535,897 (0.2%) 0.00 340
2023-11-01 $436,750 (0.5%) $527,214 (-0.8%) 0.00 338
2023-12-01 $427,500 (-2.9%) $530,216 (-2.1%) 0.00 286
Sonora's median listing price for 2023-12-01 was $427,500, a difference of $-12,950 (-2.9%) versus the prior year and $-9,250 versus the prior month.

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

Sonora's average listing price for 2023-12-01 was $530,216, a difference of $-11,391 (-2.1%) versus the prior year and $3,002 versus the prior month.

For the 2023-12-01 period, Sonora had 286 MLS listings, a difference of -52 listings (-15%) versus the prior month and 40 listings (16%) 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 1,731 sqft
2018-02-01 0 days 1,743 sqft
2018-03-01 0 days 1,750 sqft
2018-04-01 0 days 1,775 sqft
2018-05-01 0 days 1,841 sqft
2018-06-01 0 days 1,873 sqft
2018-07-01 0 days 1,792 sqft
2018-08-01 0 days 1,776 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 1,840 sqft
2019-06-01 0 days 1,844 sqft
2019-07-01 0 days 1,819 sqft
2019-08-01 0 days 1,811 sqft
2019-09-01 0 days 1,816 sqft
2019-10-01 0 days 1,822 sqft
2019-11-01 0 days 1,801 sqft
2019-12-01 0 days 1,803 sqft
2020-01-01 0 days 1,793 sqft
2020-02-01 0 days 1,780 sqft
2020-03-01 0 days 1,765 sqft
2020-04-01 0 days 1,789 sqft
2020-05-01 0 days 1,772 sqft
2020-06-01 0 days 1,813 sqft
2020-07-01 0 days 1,816 sqft
2020-08-01 0 days 1,784 sqft
2020-09-01 0 days 1,788 sqft
2020-10-01 0 days 1,786 sqft
2020-11-01 0 days 1,797 sqft
2020-12-01 0 days 1,801 sqft
2021-01-01 0 days 1,812 sqft
2021-02-01 0 days 1,808 sqft
2021-03-01 0 days 1,813 sqft
2021-04-01 0 days 1,788 sqft
2021-05-01 0 days 1,794 sqft
2021-06-01 0 days 1,786 sqft
2021-07-01 0 days 1,777 sqft
2021-08-01 0 days 1,717 sqft
2021-09-01 0 days 1,719 sqft
2021-10-01 0 days 1,710 sqft
2021-11-01 0 days 1,809 sqft
2021-12-01 0 days 1,839 sqft
2022-01-01 0 days 1,848 sqft
2022-02-01 0 days 1,794 sqft
2022-03-01 0 days 1,878 sqft
2022-04-01 0 days 1,820 sqft
2022-05-01 0 days 1,761 sqft
2022-06-01 0 days 1,810 sqft
2022-07-01 0 days 1,759 sqft
2022-08-01 0 days 1,759 sqft
2022-09-01 0 days 1,771 sqft
2022-10-01 0 days 1,738 sqft
2022-11-01 0 days 1,721 sqft
2022-12-01 0 days 1,721 sqft
2023-01-01 0 days 1,664 sqft
2023-02-01 0 days 1,743 sqft
2023-03-01 0 days 1,781 sqft
2023-04-01 0 days 1,748 sqft
2023-05-01 0 days 1,792 sqft
2023-06-01 0 days 1,829 sqft
2023-07-01 0 days 1,801 sqft
2023-08-01 0 days 1,797 sqft
2023-09-01 0 days 1,736 sqft
2023-10-01 0 days 1,732 sqft
2023-11-01 0 days 1,698 sqft
2023-12-01 0 days 1,681 sqft
Sonora's median listing age (time on market) for 2023-12-01 was 0 days.

Sonora's median square footage for active listings during the 2023-12-01 period was 1,681 sqft. One year prior, the average listing was 1,721 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.