Truckee VA Loans

Truckee-Grass Valley, 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.

Truckee's 77 lenders originated 473 VA loans during 2021. The total origination value was $195,185,000, with an average VA loan value of $412,653.

Truckee VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Truckee averaged 5.09% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.54% and one month ago for the week of 2022-07-01, the average rate was 5.56%.

The average rate one year ago was 2.94%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.09%.

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

Truckee 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 Truckee level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 54 2.35% $3,520
UNITED WHOLESALE MORTGAGE, LLC 48 2.47% $5,918
QUICKEN LOANS, LLC 35 2.38% $5,938
Mortgage Research Center, LLC 27 2.72% $9,248
HOME POINT FINANCIAL CORPORATION 25 2.32% $5,032
PENNYMAC LOAN SERVICES, LLC 21 2.27% $7,310
LAKEVIEW LOAN SERVICING, LLC 14 2.40% $3,239
LOANDEPOT.COM, LLC 13 2.37% $2,940
AMERICAN PACIFIC MORTGAGE CORPORATION 11 2.68% $11,341
CALIBER HOME LOANS, INC. 11 2.35% $8,184
MOVEMENT MORTGAGE, LLC 10 2.58% $9,262
USAA Federal Savings Bank 9 2.78% $11,269
The Federal Savings Bank 8 2.53% $4,810
CLEARPATH LENDING 8 2.19% $5,044
GUILD MORTGAGE COMPANY 7 2.79% $8,560
FINANCE OF AMERICA MORTGAGE LLC 7 2.75% $9,833
Flagstar Bank, FSB 7 2.71% $10,947
VILLAGE CAPITAL & INVESTMENT LLC 6 2.25% $3,565
Mr. Cooper ( Nationstar Mortgage ) 6 2.60% $9,679
AMERICAN FINANCIAL NETWORK, INC. 6 2.52% $6,515
Wells Fargo Bank 5 2.55% $4,241
NAVY FEDERAL CREDIT UNION 5 2.43% $7,282
Paramount Residential Mortgage Group, Inc. 5 2.55% $4,060
PLAZA HOME MORTGAGE, INC. 5 2.38% $6,604
InterContinental Capital Group, Inc 4 2.38% $4,204
MUTUAL OF OMAHA MORTGAGE, INC. 3 2.46% $3,351
SUN WEST MORTGAGE COMPANY, INC. 3 2.25% $3,468
PENTAGON FEDERAL CREDIT UNION 3 2.25% $1,282
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.38% $2,568
Carrington Mortgage Services, LLC 3 2.42% $7,916
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 2.99% $16,535
AMERICAN FINANCING CORPORATION 2 2.25% $2,591
AMERISAVE MORTGAGE CORPORATION 2 2.31% $2,438
BROKER SOLUTIONS, INC. 2 2.50% $3,713
Commerce Home Mortgage, Inc. 2 2.75% $8,584
CROSSCOUNTRY MORTGAGE, LLC 2 3.13% $3,761
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.25% $10,764
First Guaranty Mortgage Corporation 2 2.38% $2,252
GUARANTEED RATE, INC. 2 2.56% $3,169
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.50% $1,555
Hometown Lenders, Inc. 2 2.69% $8,653
LADERA LENDING, INC. 2 2.25% $6,663
LENDUS, LLC 2 2.81% $18,201
Low VA Rates, LLC 2 1.62% $21,503
NBKC BANK 2 2.25% $5,931
NEW DAY FINANCIAL, LLC 2 2.25% $5,992
NEWREZ LLC 2 2.38% $4,541
PLANET HOME LENDING, LLC 2 2.25% $3,240
Sierra Pacific Mortgage Company, Inc. 2 2.69% $2,816
U.S. Bank 2 2.50% $3,003
NP, Inc. 1 2.25% $2,657
Goldwater Bank, N.A. 1 2.63% $28,822
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.25% $11,712
Franklin Loan Corporation 1 2.25% $12,101
Watermark Capital, Inc. 1 2.25% $3,029
First Midwest Bank 1 2.25% $3,396
PREMIER MORTGAGE RESOURCES, L.L.C. 1 2.50% $8,663
ACCELERATE MORTGAGE, LLC 1 2.25% $5,065
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.25% $12,494
Prosperity Home Mortgage, LLC 1 2.25% $7,391
Equity Prime Mortgage LLC 1 3.38% $5,442
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.50% $8,883
SCENIC OAKS FUNDING, INC. 1 2.25% $19,455
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.75% $5,474
STEARNS LENDING, LLC 1 2.75% $17,530
Strong Home Mortgage, LLC 1 2.38% $2,187
SUMMIT FUNDING, INC. 1 3.38% $6,822
SUNSTREET MORTGAGE, LLC 1 2.63% $26,066
DATA MORTGAGE, INC. 1 3.50% $10,683
CMG MORTGAGE, INC. 1 2.25% $3,553
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $14,235
MUFG Union Bank 1 2.25% $709
Lakeview Community Capital, LLC 1 2.75% $2,554
Ameris Bank 1 2.38% $2,287
ZILLOW HOME LOANS, LLC 1 2.88% $8,345
Amerifirst Financial, Inc. 1 2.25% $3,484
North American Savings Bank, F.S.B. 1 2.25% $1,853

The top Truckee VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 54 VA loans originated. Their average total fees are $3,520, which is $2,398 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Truckee VA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($2,940), LAKEVIEW LOAN SERVICING, LLC ($3,239), FREEDOM MORTGAGE CORPORATION ($3,520), HOME POINT FINANCIAL CORPORATION ($5,032) and UNITED WHOLESALE MORTGAGE, LLC ($5,918).

The lowest rate Truckee VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.27%), HOME POINT FINANCIAL CORPORATION (2.32%), FREEDOM MORTGAGE CORPORATION (2.35%), CALIBER HOME LOANS, INC. (2.35%) and LOANDEPOT.COM, LLC (2.37%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Truckee (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 $549,000 (-0.9%) $909,243 (-8.9%) 0.00 673
2018-02-01 $554,500 (-1.3%) $914,010 (-12.6%) 0.00 664
2018-03-01 $550,000 (-6.3%) $886,412 (-15.1%) 0.00 678
2018-04-01 $534,050 (-8.7%) $834,178 (-15.1%) 0.00 745
2018-05-01 $527,000 (-9.1%) $820,982 (-12.6%) 0.00 889
2018-06-01 $535,000 (-10.8%) $811,149 (-15.8%) 0.00 1,011
2018-07-01 $527,000 (-11.4%) $807,733 (-14.5%) 0.00 1,078
2018-08-01 $516,500 (-12.3%) $805,862 (-12.2%) 0.00 1,132
2018-09-01 $500,256 (-12.2%) $781,938 (-11.9%) 0.00 1,155
2018-10-01 $499,000 (-8.4%) $805,113 (-8.3%) 0.00 1,097
2018-11-01 $499,000 (-7.9%) $811,504 (-6.1%) 0.00 1,022
2018-12-01 $482,500 (-9.0%) $798,556 (-7.3%) 0.00 974
2019-01-01 $472,000 (-14.0%) $788,787 (-13.3%) 0.00 857
2019-02-01 $478,000 (-13.8%) $814,598 (-10.9%) 0.00 827
2019-03-01 $495,014 (-10.0%) $795,610 (-10.2%) 0.00 835
2019-04-01 $495,014 (-7.3%) $765,596 (-8.2%) 0.00 881
2019-05-01 $499,500 (-5.2%) $748,941 (-8.8%) 0.00 1,109
2019-06-01 $539,900 (0.9%) $834,850 (2.9%) 0.00 1,104
2019-07-01 $539,500 (2.4%) $815,944 (1.0%) 0.00 1,177
2019-08-01 $543,286 (5.2%) $811,216 (0.7%) 0.00 1,183
2019-09-01 $543,536 (8.7%) $809,831 (3.6%) 0.00 1,159
2019-10-01 $545,950 (9.4%) $812,895 (1.0%) 0.00 1,042
2019-11-01 $539,000 (8.0%) $812,051 (0.1%) 0.00 907
2019-12-01 $525,000 (8.8%) $816,789 (2.3%) 0.00 813
2020-01-01 $533,950 (13.1%) $871,475 (10.5%) 0.00 720
2020-02-01 $535,000 (11.9%) $871,655 (7.0%) 0.00 691
2020-03-01 $549,500 (11.0%) $819,247 (3.0%) 0.00 726
2020-04-01 $549,950 (11.1%) $828,376 (8.2%) 0.00 675
2020-05-01 $565,000 (13.1%) $835,536 (11.6%) 0.00 739
2020-06-01 $579,000 (7.2%) $861,719 (3.2%) 0.00 694
2020-07-01 $575,000 (6.6%) $812,787 (-0.4%) 0.00 588
2020-08-01 $595,000 (9.5%) $846,469 (4.4%) 0.00 503
2020-09-01 $597,000 (9.8%) $857,216 (5.9%) 0.00 517
2020-10-01 $609,000 (11.6%) $911,131 (12.1%) 0.00 524
2020-11-01 $598,979 (11.1%) $970,335 (19.5%) 0.00 485
2020-12-01 $596,500 (13.6%) $1,023,945 (25.4%) 0.00 419
2021-01-01 $589,000 (10.3%) $1,010,520 (16.0%) 0.00 350
2021-02-01 $563,500 (5.3%) $951,796 (9.2%) 0.00 313
2021-03-01 $555,976 (1.2%) $953,593 (16.4%) 0.00 295
2021-04-01 $559,000 (1.7%) $952,381 (15.0%) 0.00 334
2021-05-01 $575,000 (1.8%) $951,457 (13.9%) 0.00 370
2021-06-01 $636,950 (10.0%) $1,021,625 (18.6%) 0.00 361
2021-07-01 $677,000 (17.7%) $1,105,211 (36.0%) 0.00 390
2021-08-01 $636,000 (6.9%) $1,060,703 (25.3%) 0.00 397
2021-09-01 $599,000 (0.3%) $1,001,509 (16.8%) 0.00 415
2021-10-01 $625,000 (2.6%) $965,604 (6.0%) 0.00 456
2021-11-01 $615,000 (2.7%) $910,555 (-6.2%) 0.00 407
2021-12-01 $619,900 (3.9%) $903,171 (-11.8%) 0.00 320
2022-01-01 $625,000 (6.1%) $875,182 (-13.4%) 0.00 243
2022-02-01 $644,000 (14.3%) $951,048 (-0.1%) 0.00 260
2022-03-01 $644,500 (15.9%) $905,686 (-5.0%) 0.00 289
2022-04-01 $689,000 (23.3%) $924,064 (-3.0%) 0.00 362
2022-05-01 $682,000 (18.6%) $965,822 (1.5%) 0.00 500
2022-06-01 $699,450 (9.8%) $1,015,446 (-0.6%) 0.00 598
Truckee's median listing price for 2022-06-01 was $699,450, a difference of $62,500 (9.8%) versus the prior year and $17,450 versus the prior month.

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

Truckee's average listing price for 2022-06-01 was $1,015,446, a difference of $-6,179 (-0.6%) versus the prior year and $49,624 versus the prior month.

For the 2022-06-01 period, Truckee had 598 MLS listings, a difference of 98 listings (20%) versus the prior month and 237 listings (66%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Truckee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,240 sqft
2018-02-01 0 days 2,294 sqft
2018-03-01 0 days 2,345 sqft
2018-04-01 0 days 2,244 sqft
2018-05-01 0 days 2,209 sqft
2018-06-01 0 days 2,203 sqft
2018-07-01 0 days 2,194 sqft
2018-08-01 0 days 2,173 sqft
2018-09-01 0 days 2,200 sqft
2018-10-01 0 days 2,210 sqft
2018-11-01 0 days 2,205 sqft
2018-12-01 0 days 2,200 sqft
2019-01-01 0 days 2,198 sqft
2019-02-01 0 days 2,183 sqft
2019-03-01 0 days 2,252 sqft
2019-04-01 0 days 2,293 sqft
2019-05-01 0 days 2,292 sqft
2019-06-01 0 days 2,300 sqft
2019-07-01 0 days 2,254 sqft
2019-08-01 0 days 2,283 sqft
2019-09-01 0 days 2,312 sqft
2019-10-01 0 days 2,363 sqft
2019-11-01 0 days 2,397 sqft
2019-12-01 0 days 2,383 sqft
2020-01-01 0 days 2,404 sqft
2020-02-01 0 days 2,430 sqft
2020-03-01 0 days 2,356 sqft
2020-04-01 0 days 2,357 sqft
2020-05-01 0 days 2,337 sqft
2020-06-01 0 days 2,420 sqft
2020-07-01 0 days 2,349 sqft
2020-08-01 0 days 2,328 sqft
2020-09-01 0 days 2,307 sqft
2020-10-01 0 days 2,214 sqft
2020-11-01 0 days 2,196 sqft
2020-12-01 0 days 2,165 sqft
2021-01-01 0 days 2,080 sqft
2021-02-01 0 days 2,080 sqft
2021-03-01 0 days 2,038 sqft
2021-04-01 0 days 2,014 sqft
2021-05-01 0 days 1,950 sqft
2021-06-01 0 days 2,017 sqft
2021-07-01 0 days 2,051 sqft
2021-08-01 0 days 2,038 sqft
2021-09-01 0 days 1,994 sqft
2021-10-01 0 days 1,988 sqft
2021-11-01 0 days 2,023 sqft
2021-12-01 0 days 1,988 sqft
2022-01-01 0 days 1,929 sqft
2022-02-01 0 days 1,912 sqft
2022-03-01 0 days 1,941 sqft
2022-04-01 0 days 1,940 sqft
2022-05-01 0 days 2,010 sqft
2022-06-01 0 days 2,020 sqft
Truckee's median listing age (time on market) for 2022-06-01 was 0 days.

Truckee's median square footage for active listings during the 2022-06-01 period was 2,020 sqft. One year prior, the average listing was 2,017 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.