Stockton VA Loan Rates, Closing Costs & Stats

STOCKTON, 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.

Stockton's 68 lenders originated 369 VA loans during 2023. The total origination value was $181,415,000, with an average VA loan value of $491,640.

Stockton VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Stockton averaged -0.12% for the week of 2024-06-21, compared to the national average (all VA variants) of 0% for the same period.

Stockton's average VA mortgage closing costs are $7,653.

The average rate for the prior week (2024-06-14) was 6.18% and one month ago for the week of 2024-05-17, the average rate was 6.57%.

The average rate one year ago was 6.49%.

For refis of the same type during the week of 2024-06-21, the average rate was 0.2%.

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

Stockton 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 Stockton level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 63 6.06% $11,684
Mortgage Research Center, LLC 33 6.60% $11,719
QUICKEN LOANS, LLC 32 6.01% $12,700
LOANDEPOT.COM, LLC 29 5.87% $17,250
AMERICAN PACIFIC MORTGAGE CORPORATION 17 6.42% $11,416
The Federal Savings Bank 12 6.61% $18,296
FREEDOM MORTGAGE CORPORATION 11 6.40% $22,055
SUMMIT FUNDING, INC. 11 6.42% $14,446
NAVY FEDERAL CREDIT UNION 10 5.73% $8,446
CROSSCOUNTRY MORTGAGE, LLC 8 6.83% $13,637
PENNYMAC LOAN SERVICES, LLC 6 6.17% $10,279
CMG MORTGAGE, INC. 6 6.65% $24,892
DHI MORTGAGE COMPANY, LTD. 5 5.57% $11,263
KBHS HOME LOANS, LLC 5 5.55% $17,220
VILLAGE CAPITAL MORTGAGE 5 6.58% $14,796
Century Mortgage Company DBA Century Lending Company 5 5.85% $22,543
CARDINAL FINANCIAL 5 6.43% $16,433
AMERICAN FINANCIAL NETWORK, INC. 5 5.75% $13,005
EAGLE HOME MORTGAGE, LLC 4 6.19% $13,287
Mr. Cooper ( Nationstar Mortgage ) 4 6.06% $20,191
NATIONS DIRECT MORTGAGE, LLC 3 5.79% $21,554
SUN WEST MORTGAGE COMPANY, INC. 3 6.25% $16,149
HOMEAMERICAN MORTGAGE CORPORATION 3 5.04% $15,246
USAA Federal Savings Bank 3 6.25% $12,312
Flagstar Bank, FSB 3 6.71% $8,041
AMERISAVE MORTGAGE CORPORATION 3 6.29% $12,140
NEW DAY FINANCIAL, LLC 3 7.66% $15,391
U.S. Bank 3 5.92% $8,161
The Loan Store, Inc. 2 6.81% $12,503
BROKER SOLUTIONS, INC. 2 5.88% $23,554
DIGNIFIED HOME LOANS, LLC 2 7.00% $18,589
Equity Prime Mortgage LLC 2 6.69% $9,092
GENEVA FINANCIAL, LLC 2 6.88% $22,906
GUARANTEED RATE, INC. 2 6.44% $2,178
Magnolia Bank 2 6.25% $16,220
Paramount Residential Mortgage Group, Inc. 2 7.25% $22,314
PREMIA MORTGAGE, LLC 2 5.63% $9,353
ACADEMY MORTGAGE CORPORATION 2 5.25% $6,434
Watermark Capital, Inc. 2 6.63% $6,973
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.25% $16,537
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.88% $18,037
GUILD MORTGAGE COMPANY 1 6.25% $8,322
GUARANTEED RATE AFFINITY, LLC 1 6.25% $17,963
NEWREZ LLC 1 6.25% $23,623
NFM, INC. 1 7.13% $24,428
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.50% $13,817
American Mortgage & Equity Consultants, Inc. 1 6.75% $9,119
Franklin Loan Corporation 1 5.25% $29,029
PENTAGON FEDERAL CREDIT UNION 1 6.00% $16,472
PLANET HOME LENDING, LLC 1 5.38% $960
ZILLOW HOME LOANS, LLC 1 6.25% $29,335
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $4,508
RESIDENTIAL BANCORP 1 5.75% $15,461
SeaTrust Mortgage Company 1 6.38% $22,233
Sierra Pacific Mortgage Company, Inc. 1 5.50% $7,229
South Pacific Financial Corporation 1 6.50% $7,155
EVERETT FINANCIAL, INC. 1 7.13% $33,856
CHURCHILL MORTGAGE CORPORATION 1 6.13% $7,392
CANOPY MORTGAGE, LLC 1 5.75% $7,644
Wells Fargo Bank 1 7.13% $3,299
CALIBER HOME LOANS, INC. 1 6.75% $7,800
BAY EQUITY LLC 1 7.13% $8,912
Ameris Bank 1 6.25% $7,202
VERITAS FUNDING, LLC 1 6.75% $21,941
MANN FINANCIAL INC. 1 7.13% $16,817
MORTGAGE CAPITAL PARTNERS, INC. 1 6.63% $9,952
LADERA LENDING, INC. 1 6.75% $18,679
INTERCAP LENDING INC. 1 6.13% $4,703

The top Stockton VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 63 VA loans originated. Their average total fees are $11,684, which is $35 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Stockton VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($8,446), AMERICAN PACIFIC MORTGAGE CORPORATION ($11,416), UNITED WHOLESALE MORTGAGE, LLC ($11,684), Mortgage Research Center, LLC ($11,719) and QUICKEN LOANS, LLC ($12,700).

The lowest rate Stockton VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.73%), LOANDEPOT.COM, LLC (5.87%), QUICKEN LOANS, LLC (6.01%), UNITED WHOLESALE MORTGAGE, LLC (6.06%) and FREEDOM MORTGAGE CORPORATION (6.40%).

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.