Susanville VA Loan Rates, Closing Costs & Stats

Susanville, 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 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.

    Susanville's 15 lenders originated 42 VA loans during 2023. The total origination value was $12,000,000, with an average VA loan value of $285,714.

    Susanville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Susanville averaged 7% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Susanville's average VA mortgage closing costs are $5,536.

    The average rate for the prior week (2024-04-12) was 6.73% and one month ago for the week of 2024-03-15, the average rate was 6.49%.

    The average rate one year ago was 6.48%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Susanville 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 Susanville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 15 6.75% $3,939
    UNITED WHOLESALE MORTGAGE, LLC 6 6.37% $7,177
    AXIA FINANCIAL, LLC 5 6.73% $5,643
    PENNYMAC LOAN SERVICES, LLC 2 5.38% $6,925
    Barrington Bank & Trust Company, N.A. 2 5.62% $4,692
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.75% $14,467
    QUICKEN LOANS, LLC 1 5.50% $3,314
    SUMMIT FUNDING, INC. 1 6.75% $850
    SUN WEST MORTGAGE COMPANY, INC. 1 6.63% $10,828
    VILLAGE CAPITAL MORTGAGE 1 5.88% $6,912
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $5,896
    FREEDOM MORTGAGE CORPORATION 1 6.75% $13,412
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.75% $12,012
    NATIONS RELIABLE LENDING, LLC 1 6.88% $7,290
    NAVY FEDERAL CREDIT UNION 1 6.00% $3,652

    The top Susanville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 15 VA loans originated. Their average total fees are $3,939, which is $3,238 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Susanville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,939), .

    The lowest rate Susanville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.75%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Susanville (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 $189,900 (-14.4%) $389,428 (-27.6%) 0.00 139
    2018-02-01 $198,500 (-12.6%) $396,380 (-31.6%) 0.00 141
    2018-03-01 $219,900 (-12.0%) $407,962 (-25.9%) 0.00 146
    2018-04-01 $217,425 (-5.2%) $398,524 (-16.8%) 0.00 160
    2018-05-01 $227,000 (3.8%) $424,394 (1.8%) 0.00 177
    2018-06-01 $239,900 (5.1%) $408,730 (-1.0%) 0.00 196
    2018-07-01 $243,950 (2.9%) $395,729 (-14.6%) 0.00 219
    2018-08-01 $245,000 (6.8%) $391,116 (-14.8%) 0.00 215
    2018-09-01 $235,000 (6.8%) $304,879 (-31.3%) 0.00 219
    2018-10-01 $227,000 (8.7%) $295,608 (-32.8%) 0.00 208
    2018-11-01 $215,000 (2.7%) $295,687 (-23.4%) 0.00 185
    2018-12-01 $224,500 (13.4%) $307,381 (-22.2%) 0.00 163
    2019-01-01 $232,000 (22.2%) $334,720 (-14.1%) 0.00 134
    2019-02-01 $232,450 (17.1%) $378,039 (-4.6%) 0.00 137
    2019-03-01 $224,929 (2.3%) $368,181 (-9.8%) 0.00 139
    2019-04-01 $227,428 (4.6%) $357,066 (-10.4%) 0.00 145
    2019-05-01 $239,900 (5.7%) $387,282 (-8.7%) 0.00 169
    2019-06-01 $244,900 (2.1%) $357,754 (-12.5%) 0.00 182
    2019-07-01 $241,225 (-1.1%) $385,102 (-2.7%) 0.00 195
    2019-08-01 $242,455 (-1.0%) $368,280 (-5.8%) 0.00 199
    2019-09-01 $246,136 (4.7%) $341,037 (11.9%) 0.00 207
    2019-10-01 $249,000 (9.7%) $321,368 (8.7%) 0.00 208
    2019-11-01 $249,000 (15.8%) $321,171 (8.6%) 0.00 191
    2019-12-01 $248,175 (10.6%) $331,918 (8.0%) 0.00 169
    2020-01-01 $233,000 (0.4%) $302,861 (-9.5%) 0.00 148
    2020-02-01 $219,500 (-5.6%) $284,617 (-24.7%) 0.00 137
    2020-03-01 $225,000 (0.0%) $288,549 (-21.6%) 0.00 147
    2020-04-01 $237,000 (4.2%) $291,279 (-18.4%) 0.00 154
    2020-05-01 $249,999 (4.2%) $307,818 (-20.5%) 0.00 134
    2020-06-01 $275,500 (12.5%) $347,022 (-3.0%) 0.00 126
    2020-07-01 $269,800 (11.9%) $415,025 (7.8%) 0.00 120
    2020-08-01 $249,000 (2.7%) $423,907 (15.1%) 0.00 106
    2020-09-01 $263,450 (7.0%) $448,966 (31.7%) 0.00 108
    2020-10-01 $260,000 (4.4%) $459,440 (43.0%) 0.00 99
    2020-11-01 $252,500 (1.4%) $488,489 (52.1%) 0.00 90
    2020-12-01 $241,725 (-2.6%) $473,813 (42.8%) 0.00 87
    2021-01-01 $269,000 (15.5%) $539,016 (78.0%) 0.00 69
    2021-02-01 $273,738 (24.7%) $606,306 (113.0%) 0.00 58
    2021-03-01 $237,425 (5.5%) $579,264 (100.8%) 0.00 61
    2021-04-01 $264,000 (11.4%) $531,341 (82.4%) 0.00 79
    2021-05-01 $274,000 (9.6%) $450,277 (46.3%) 0.00 126
    2021-06-01 $294,750 (7.0%) $468,901 (35.1%) 0.00 116
    2021-07-01 $310,000 (14.9%) $496,072 (19.5%) 0.00 121
    2021-08-01 $339,925 (36.5%) $527,806 (24.5%) 0.00 117
    2021-09-01 $342,450 (30.0%) $498,498 (11.0%) 0.00 117
    2021-10-01 $329,450 (26.7%) $428,173 (-6.8%) 0.00 108
    2021-11-01 $314,500 (24.6%) $454,809 (-6.9%) 0.00 106
    2021-12-01 $307,500 (27.2%) $443,056 (-6.5%) 0.00 107
    2022-01-01 $305,000 (13.4%) $404,438 (-25.0%) 0.00 86
    2022-02-01 $321,950 (17.6%) $443,806 (-26.8%) 0.00 67
    2022-03-01 $342,500 (44.3%) $527,610 (-8.9%) 0.00 76
    2022-04-01 $310,000 (17.4%) $522,354 (-1.7%) 0.00 75
    2022-05-01 $327,450 (19.5%) $486,322 (8.0%) 0.00 95
    2022-06-01 $310,000 (5.2%) $383,610 (-18.2%) 0.00 110
    2022-07-01 $324,900 (4.8%) $391,940 (-21.0%) 0.00 110
    2022-08-01 $306,975 (-9.7%) $393,885 (-25.4%) 0.00 116
    2022-09-01 $310,750 (-9.3%) $387,281 (-22.3%) 0.00 114
    2022-10-01 $299,999 (-8.9%) $372,649 (-13.0%) 0.00 124
    2022-11-01 $295,000 (-6.2%) $332,406 (-26.9%) 0.00 119
    2022-12-01 $297,000 (-3.4%) $332,933 (-24.9%) 0.00 97
    2023-01-01 $295,000 (-3.3%) $378,964 (-6.3%) 0.00 95
    2023-02-01 $299,999 (-6.8%) $386,992 (-12.8%) 0.00 89
    2023-03-01 $299,250 (-12.6%) $383,981 (-27.2%) 0.00 84
    2023-04-01 $308,950 (-0.3%) $394,848 (-24.4%) 0.00 76
    2023-05-01 $312,500 (-4.6%) $394,212 (-18.9%) 0.00 98
    2023-06-01 $309,000 (-0.3%) $393,914 (2.7%) 0.00 116
    2023-07-01 $299,999 (-7.7%) $385,761 (-1.6%) 0.00 125
    2023-08-01 $307,950 (0.3%) $394,941 (0.3%) 0.00 128
    2023-09-01 $315,000 (1.4%) $495,961 (28.1%) 0.00 128
    2023-10-01 $312,400 (4.1%) $489,884 (31.5%) 0.00 132
    2023-11-01 $310,000 (5.1%) $507,718 (52.7%) 0.00 121
    2023-12-01 $304,000 (2.4%) $497,000 (49.3%) 0.00 114
    2024-01-01 $293,000 (-0.7%) $453,990 (19.8%) 0.00 111
    2024-02-01 $300,500 (0.2%) $468,743 (21.1%) 0.00 100
    2024-03-01 $310,000 (3.6%) $471,862 (22.9%) 0.00 99
    Susanville's median listing price for 2024-03-01 was $310,000, a difference of $10,750 (3.6%) versus the prior year and $9,500 versus the prior month.

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

    Susanville's average listing price for 2024-03-01 was $471,862, a difference of $87,881 (22.9%) versus the prior year and $3,119 versus the prior month.

    For the 2024-03-01 period, Susanville had 99 MLS listings, a difference of -1 listings (-1%) versus the prior month and 15 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Susanville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,499 sqft
    2018-02-01 0 days 1,501 sqft
    2018-03-01 0 days 1,502 sqft
    2018-04-01 0 days 1,542 sqft
    2018-05-01 0 days 1,567 sqft
    2018-06-01 0 days 1,613 sqft
    2018-07-01 0 days 1,623 sqft
    2018-08-01 0 days 1,630 sqft
    2018-09-01 0 days 1,623 sqft
    2018-10-01 0 days 1,609 sqft
    2018-11-01 0 days 1,607 sqft
    2018-12-01 0 days 1,596 sqft
    2019-01-01 0 days 1,596 sqft
    2019-02-01 0 days 1,598 sqft
    2019-03-01 0 days 1,606 sqft
    2019-04-01 0 days 1,635 sqft
    2019-05-01 0 days 1,641 sqft
    2019-06-01 0 days 1,652 sqft
    2019-07-01 0 days 1,664 sqft
    2019-08-01 0 days 1,670 sqft
    2019-09-01 0 days 1,659 sqft
    2019-10-01 0 days 1,645 sqft
    2019-11-01 0 days 1,636 sqft
    2019-12-01 0 days 1,578 sqft
    2020-01-01 0 days 1,526 sqft
    2020-02-01 0 days 1,453 sqft
    2020-03-01 0 days 1,469 sqft
    2020-04-01 0 days 1,508 sqft
    2020-05-01 0 days 1,576 sqft
    2020-06-01 0 days 1,677 sqft
    2020-07-01 0 days 1,721 sqft
    2020-08-01 0 days 1,596 sqft
    2020-09-01 0 days 1,627 sqft
    2020-10-01 0 days 1,567 sqft
    2020-11-01 0 days 1,650 sqft
    2020-12-01 0 days 1,661 sqft
    2021-01-01 0 days 1,674 sqft
    2021-02-01 0 days 1,734 sqft
    2021-03-01 0 days 1,579 sqft
    2021-04-01 0 days 1,555 sqft
    2021-05-01 0 days 1,670 sqft
    2021-06-01 0 days 1,825 sqft
    2021-07-01 0 days 1,855 sqft
    2021-08-01 0 days 1,873 sqft
    2021-09-01 0 days 1,859 sqft
    2021-10-01 0 days 1,852 sqft
    2021-11-01 0 days 1,791 sqft
    2021-12-01 0 days 1,736 sqft
    2022-01-01 0 days 1,669 sqft
    2022-02-01 0 days 1,699 sqft
    2022-03-01 0 days 1,792 sqft
    2022-04-01 0 days 1,768 sqft
    2022-05-01 0 days 1,754 sqft
    2022-06-01 0 days 1,673 sqft
    2022-07-01 0 days 1,646 sqft
    2022-08-01 0 days 1,573 sqft
    2022-09-01 0 days 1,604 sqft
    2022-10-01 0 days 1,620 sqft
    2022-11-01 0 days 1,581 sqft
    2022-12-01 0 days 1,576 sqft
    2023-01-01 0 days 1,522 sqft
    2023-02-01 0 days 1,521 sqft
    2023-03-01 0 days 1,519 sqft
    2023-04-01 0 days 1,623 sqft
    2023-05-01 0 days 1,649 sqft
    2023-06-01 0 days 1,672 sqft
    2023-07-01 0 days 1,646 sqft
    2023-08-01 0 days 1,654 sqft
    2023-09-01 0 days 1,672 sqft
    2023-10-01 0 days 1,680 sqft
    2023-11-01 0 days 1,670 sqft
    2023-12-01 0 days 1,619 sqft
    2024-01-01 0 days 1,577 sqft
    2024-02-01 0 days 1,600 sqft
    2024-03-01 0 days 1,572 sqft
    Susanville's median listing age (time on market) for 2024-03-01 was 0 days.

    Susanville's median square footage for active listings during the 2024-03-01 period was 1,572 sqft. One year prior, the average listing was 1,519 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.