Truckee VA Loan Rates, Closing Costs & Stats

Truckee-Grass Valley, 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.

    Truckee's 57 lenders originated 157 VA loans during 2022. The total origination value was $77,935,000, with an average VA loan value of $496,401.

    Truckee VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Truckee averaged -0.2% for the week of 2023-06-02, compared to the national average (all VA variants) of 0% for the same period.

    Truckee's average VA mortgage closing costs are $6,844.

    The average rate for the prior week (2023-05-26) was 5.93% and one month ago for the week of 2023-04-28, the average rate was 5.69%.

    The average rate one year ago was 4.64%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.66%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Truckee level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 23 4.12% $9,900
    QUICKEN LOANS, LLC 9 4.08% $11,820
    Mortgage Research Center, LLC 9 4.93% $12,360
    PENNYMAC LOAN SERVICES, LLC 8 3.20% $11,993
    MOVEMENT MORTGAGE, LLC 7 4.45% $14,108
    LOANDEPOT.COM, LLC 6 5.14% $11,684
    HOME POINT FINANCIAL CORPORATION 6 4.08% $12,874
    FREEDOM MORTGAGE CORPORATION 5 3.70% $12,137
    FINANCE OF AMERICA MORTGAGE LLC 5 4.05% $16,026
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 4 4.16% $17,604
    NEW DAY FINANCIAL, LLC 4 4.75% $6,905
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 4.25% $9,569
    NAVY FEDERAL CREDIT UNION 3 4.13% $9,228
    CALIBER HOME LOANS, INC. 3 4.79% $18,027
    Paramount Residential Mortgage Group, Inc. 3 3.58% $23,148
    USAA Federal Savings Bank 3 3.83% $10,886
    Flagstar Bank, FSB 3 4.16% $6,914
    FBC MORTGAGE, LLC 2 4.31% $20,234
    GUILD MORTGAGE COMPANY 2 4.13% $18,260
    BROKER SOLUTIONS, INC. 2 3.81% $10,928
    GUARANTEED RATE, INC. 2 3.75% $6,350
    Equity Prime Mortgage LLC 2 4.75% $4,955
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.06% $6,038
    S1L, Inc. 2 4.63% $15,761
    North American Savings Bank, F.S.B. 1 2.25% $7,825
    OCMBC, INC. 1 3.25% $3,201
    PLAZA HOME MORTGAGE, INC. 1 2.99% $3,797
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 4.25% $4,913
    RESIDENTIAL BANCORP. 1 4.49% $13,825
    SUMMIT FUNDING, INC. 1 3.75% $15,127
    The Federal Savings Bank 1 3.75% $10,765
    TJC Mortgage, Inc. 1 2.75% $31,639
    VILLAGE CAPITAL MORTGAGE 1 2.50% $2,223
    Wells Fargo Bank 1 3.38% $715
    Armed Forces Bank 1 4.38% $16,896
    Barrington Bank & Trust Company, N.A. 1 4.79% $66,004
    BECKAM FUNDING CORP. 1 5.00% $7,494
    CARDINAL FINANCIAL 1 4.99% $22,154
    CHERRY CREEK MORTGAGE, LLC 1 2.50% $20,000
    Citizens Bank 1 4.00% $3,440
    CLEARPATH LENDING 1 2.50% $4,916
    CORNERSTONE HOME LENDING, INC. 1 5.75% $20,125
    CROSSCOUNTRY MORTGAGE, LLC 1 3.38% $28,953
    DATA MORTGAGE, INC. 1 6.75% $35,755
    EVERETT FINANCIAL, INC. 1 4.13% $3,714
    First Guaranty Mortgage Corporation 1 4.88% $8,305
    GENEVA FINANCIAL, LLC 1 5.25% $32,495
    GUARANTEED RATE AFFINITY, LLC 1 4.50% $6,933
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $16,406
    Hometown Lenders, Inc. 1 3.25% $4,373
    JMAC LENDING, INC. 1 5.25% $5,885
    LAKEVIEW LOAN SERVICING, LLC 1 2.50% $1,074
    LENOX FINANCIAL MORTGAGE CORPORATION 1 3.50% $6,957
    Low VA Rates, LLC 1 3.75% $17,966
    Nations Lending Corporation 1 5.75% $18,419
    NEWREZ LLC 1 4.50% $8,835
    NFM, INC. 1 4.63% $20,958

    The top Truckee VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 23 VA loans originated. Their average total fees are $9,900, which is $1,920 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Truckee VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($9,900), .

    The lowest rate Truckee VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (4.12%), .

    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 $490,000 (3.9%) $627,784 (0.4%) 0.00 458
    2018-02-01 $490,875 (0.3%) $628,360 (-1.0%) 0.00 454
    2018-03-01 $465,750 (-6.3%) $611,082 (-4.8%) 0.00 474
    2018-04-01 $479,000 (-3.8%) $597,181 (-6.5%) 0.00 542
    2018-05-01 $489,475 (-1.9%) $599,996 (-7.3%) 0.00 647
    2018-06-01 $497,000 (-5.0%) $595,686 (-11.1%) 0.00 725
    2018-07-01 $481,500 (-8.3%) $597,512 (-11.5%) 0.00 783
    2018-08-01 $474,950 (-5.7%) $598,464 (-8.0%) 0.00 833
    2018-09-01 $475,000 (-5.0%) $595,572 (-7.2%) 0.00 838
    2018-10-01 $465,000 (-5.5%) $591,912 (-7.5%) 0.00 805
    2018-11-01 $471,950 (-3.7%) $582,394 (-8.2%) 0.00 750
    2018-12-01 $455,000 (-4.8%) $570,096 (-8.2%) 0.00 707
    2019-01-01 $434,450 (-11.3%) $540,161 (-14.0%) 0.00 617
    2019-02-01 $437,190 (-10.9%) $547,868 (-12.8%) 0.00 588
    2019-03-01 $452,893 (-2.8%) $553,618 (-9.4%) 0.00 585
    2019-04-01 $466,875 (-2.5%) $561,585 (-6.0%) 0.00 617
    2019-05-01 $499,000 (2.0%) $611,531 (1.9%) 0.00 767
    2019-06-01 $500,000 (0.6%) $618,529 (3.8%) 0.00 858
    2019-07-01 $500,000 (3.8%) $612,238 (2.5%) 0.00 945
    2019-08-01 $500,000 (5.3%) $610,026 (1.9%) 0.00 957
    2019-09-01 $500,000 (5.3%) $604,090 (1.4%) 0.00 924
    2019-10-01 $500,000 (7.5%) $600,084 (1.4%) 0.00 875
    2019-11-01 $499,000 (5.7%) $584,382 (0.3%) 0.00 746
    2019-12-01 $480,000 (5.5%) $571,831 (0.3%) 0.00 646
    2020-01-01 $480,000 (10.5%) $578,526 (7.1%) 0.00 578
    2020-02-01 $489,000 (11.9%) $592,232 (8.1%) 0.00 549
    2020-03-01 $499,500 (10.3%) $600,319 (8.4%) 0.00 594
    2020-04-01 $507,500 (8.7%) $600,587 (6.9%) 0.00 564
    2020-05-01 $535,000 (7.2%) $643,405 (5.2%) 0.00 616
    2020-06-01 $549,000 (9.8%) $659,837 (6.7%) 0.00 560
    2020-07-01 $552,000 (10.4%) $669,746 (9.4%) 0.00 482
    2020-08-01 $575,000 (15.0%) $697,256 (14.3%) 0.00 410
    2020-09-01 $575,000 (15.0%) $720,638 (19.3%) 0.00 433
    2020-10-01 $572,400 (14.5%) $743,546 (23.9%) 0.00 446
    2020-11-01 $574,950 (15.2%) $731,971 (25.3%) 0.00 389
    2020-12-01 $559,500 (16.6%) $705,909 (23.5%) 0.00 348
    2021-01-01 $565,000 (17.7%) $719,827 (24.4%) 0.00 285
    2021-02-01 $544,032 (11.3%) $669,052 (13.0%) 0.00 264
    2021-03-01 $546,225 (9.4%) $644,658 (7.4%) 0.00 250
    2021-04-01 $549,450 (8.3%) $641,581 (6.8%) 0.00 293
    2021-05-01 $562,450 (5.1%) $657,122 (2.1%) 0.00 327
    2021-06-01 $612,250 (11.5%) $705,769 (7.0%) 0.00 322
    2021-07-01 $634,000 (14.9%) $748,577 (11.8%) 0.00 346
    2021-08-01 $605,500 (5.3%) $736,053 (5.6%) 0.00 355
    2021-09-01 $592,000 (3.0%) $742,192 (3.0%) 0.00 381
    2021-10-01 $599,450 (4.7%) $751,497 (1.1%) 0.00 430
    2021-11-01 $599,225 (4.2%) $738,521 (0.9%) 0.00 384
    2021-12-01 $599,000 (7.1%) $717,594 (1.7%) 0.00 298
    2022-01-01 $599,450 (6.1%) $711,732 (-1.1%) 0.00 227
    2022-02-01 $627,000 (15.3%) $764,356 (14.2%) 0.00 245
    2022-03-01 $644,250 (18.0%) $767,834 (19.1%) 0.00 278
    2022-04-01 $675,000 (22.9%) $806,610 (25.7%) 0.00 352
    2022-05-01 $658,450 (17.1%) $818,142 (24.5%) 0.00 486
    2022-06-01 $674,500 (10.2%) $837,341 (18.6%) 0.00 566
    2022-07-01 $669,000 (5.5%) $874,797 (16.9%) 0.00 617
    2022-08-01 $699,000 (15.4%) $900,298 (22.3%) 0.00 579
    2022-09-01 $695,000 (17.4%) $891,052 (20.1%) 0.00 561
    2022-10-01 $664,500 (10.9%) $861,562 (14.7%) 0.00 530
    2022-11-01 $629,225 (5.0%) $851,912 (15.4%) 0.00 467
    2022-12-01 $622,450 (3.9%) $859,638 (19.8%) 0.00 378
    2023-01-01 $659,000 (9.9%) $911,341 (28.1%) 0.00 298
    2023-02-01 $700,000 (11.6%) $951,257 (24.5%) 0.00 266
    2023-03-01 $687,180 (6.7%) $966,121 (25.8%) 0.00 248
    2023-04-01 $725,000 (7.4%) $1,008,157 (25.0%) 0.00 263
    2023-05-01 $729,250 (10.8%) $987,023 (20.6%) 0.00 347
    Truckee's median listing price for 2023-05-01 was $729,250, a difference of $70,800 (10.8%) versus the prior year and $4,250 versus the prior month.

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

    Truckee's average listing price for 2023-05-01 was $987,023, a difference of $168,881 (20.6%) versus the prior year and $-21,134 versus the prior month.

    For the 2023-05-01 period, Truckee had 347 MLS listings, a difference of 84 listings (32%) versus the prior month and -139 listings (-29%) 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 2,229 sqft
    2018-02-01 0 days 2,257 sqft
    2018-03-01 0 days 2,286 sqft
    2018-04-01 0 days 2,215 sqft
    2018-05-01 0 days 2,182 sqft
    2018-06-01 0 days 2,171 sqft
    2018-07-01 0 days 2,149 sqft
    2018-08-01 0 days 2,108 sqft
    2018-09-01 0 days 2,116 sqft
    2018-10-01 0 days 2,157 sqft
    2018-11-01 0 days 2,151 sqft
    2018-12-01 0 days 2,165 sqft
    2019-01-01 0 days 2,149 sqft
    2019-02-01 0 days 2,138 sqft
    2019-03-01 0 days 2,201 sqft
    2019-04-01 0 days 2,242 sqft
    2019-05-01 0 days 2,266 sqft
    2019-06-01 0 days 2,204 sqft
    2019-07-01 0 days 2,180 sqft
    2019-08-01 0 days 2,200 sqft
    2019-09-01 0 days 2,215 sqft
    2019-10-01 0 days 2,230 sqft
    2019-11-01 0 days 2,257 sqft
    2019-12-01 0 days 2,251 sqft
    2020-01-01 0 days 2,251 sqft
    2020-02-01 0 days 2,293 sqft
    2020-03-01 0 days 2,228 sqft
    2020-04-01 0 days 2,242 sqft
    2020-05-01 0 days 2,231 sqft
    2020-06-01 0 days 2,332 sqft
    2020-07-01 0 days 2,241 sqft
    2020-08-01 0 days 2,200 sqft
    2020-09-01 0 days 2,206 sqft
    2020-10-01 0 days 2,153 sqft
    2020-11-01 0 days 2,138 sqft
    2020-12-01 0 days 2,127 sqft
    2021-01-01 0 days 2,080 sqft
    2021-02-01 0 days 2,050 sqft
    2021-03-01 0 days 1,997 sqft
    2021-04-01 0 days 1,964 sqft
    2021-05-01 0 days 1,918 sqft
    2021-06-01 0 days 1,945 sqft
    2021-07-01 0 days 2,000 sqft
    2021-08-01 0 days 1,957 sqft
    2021-09-01 0 days 1,934 sqft
    2021-10-01 0 days 1,950 sqft
    2021-11-01 0 days 1,987 sqft
    2021-12-01 0 days 1,925 sqft
    2022-01-01 0 days 1,872 sqft
    2022-02-01 0 days 1,877 sqft
    2022-03-01 0 days 1,906 sqft
    2022-04-01 0 days 1,919 sqft
    2022-05-01 0 days 1,971 sqft
    2022-06-01 0 days 1,996 sqft
    2022-07-01 0 days 1,986 sqft
    2022-08-01 0 days 1,937 sqft
    2022-09-01 0 days 1,983 sqft
    2022-10-01 0 days 2,009 sqft
    2022-11-01 0 days 2,006 sqft
    2022-12-01 0 days 2,009 sqft
    2023-01-01 0 days 2,135 sqft
    2023-02-01 0 days 2,222 sqft
    2023-03-01 0 days 2,234 sqft
    2023-04-01 0 days 2,400 sqft
    2023-05-01 0 days 2,234 sqft
    Truckee's median listing age (time on market) for 2023-05-01 was 0 days.

    Truckee's median square footage for active listings during the 2023-05-01 period was 2,234 sqft. One year prior, the average listing was 1,971 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.