Truckee VA Loan Rates, Closing Costs & Stats

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 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 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 0.37% for the week of 2022-11-25, compared to the national average (all VA variants) of 0% for the same period.

Truckee's average VA mortgage closing costs are $6,275.

The average rate for the prior week (2022-11-18) was 6.66% and one month ago for the week of 2022-10-21, the average rate was 6.91%.

The average rate one year ago was 3.29%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.12%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 MORTGAGE 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 $488,750 (3.6%) $627,534 (-0.1%) 0.00 458
2018-02-01 $489,375 (0.0%) $627,878 (-1.1%) 0.00 455
2018-03-01 $465,375 (-6.4%) $610,658 (-4.9%) 0.00 475
2018-04-01 $479,000 (-3.8%) $596,834 (-6.6%) 0.00 543
2018-05-01 $489,025 (-2.0%) $599,686 (-7.4%) 0.00 648
2018-06-01 $496,000 (-5.0%) $595,413 (-11.1%) 0.00 726
2018-07-01 $481,500 (-8.3%) $597,269 (-11.5%) 0.00 784
2018-08-01 $474,725 (-6.4%) $598,365 (-7.9%) 0.00 834
2018-09-01 $475,000 (-5.0%) $595,355 (-7.3%) 0.00 839
2018-10-01 $465,000 (-5.4%) $591,680 (-7.5%) 0.00 806
2018-11-01 $471,950 (-3.7%) $582,159 (-8.1%) 0.00 751
2018-12-01 $453,950 (-5.0%) $569,763 (-8.3%) 0.00 708
2019-01-01 $434,450 (-11.1%) $539,770 (-14.0%) 0.00 618
2019-02-01 $436,720 (-10.8%) $547,500 (-12.8%) 0.00 589
2019-03-01 $451,800 (-2.9%) $553,137 (-9.4%) 0.00 586
2019-04-01 $465,600 (-2.8%) $560,239 (-6.1%) 0.00 618
2019-05-01 $498,000 (1.8%) $608,703 (1.5%) 0.00 768
2019-06-01 $500,000 (0.8%) $618,084 (3.8%) 0.00 859
2019-07-01 $500,000 (3.8%) $611,912 (2.5%) 0.00 947
2019-08-01 $500,000 (5.3%) $609,659 (1.9%) 0.00 958
2019-09-01 $500,000 (5.3%) $603,717 (1.4%) 0.00 925
2019-10-01 $500,000 (7.5%) $599,699 (1.4%) 0.00 876
2019-11-01 $499,000 (5.7%) $583,961 (0.3%) 0.00 747
2019-12-01 $480,000 (5.7%) $571,347 (0.3%) 0.00 647
2020-01-01 $480,000 (10.5%) $578,526 (7.2%) 0.00 578
2020-02-01 $489,000 (12.0%) $592,232 (8.2%) 0.00 549
2020-03-01 $499,500 (10.6%) $600,319 (8.5%) 0.00 594
2020-04-01 $507,500 (9.0%) $600,587 (7.2%) 0.00 564
2020-05-01 $535,000 (7.4%) $643,405 (5.7%) 0.00 616
2020-06-01 $549,000 (9.8%) $659,837 (6.8%) 0.00 560
2020-07-01 $552,000 (10.4%) $669,746 (9.5%) 0.00 482
2020-08-01 $575,000 (15.0%) $697,256 (14.4%) 0.00 410
2020-09-01 $575,000 (15.0%) $720,638 (19.4%) 0.00 433
2020-10-01 $569,900 (14.0%) $743,546 (24.0%) 0.00 445
2020-11-01 $574,950 (15.2%) $732,266 (25.4%) 0.00 388
2020-12-01 $558,500 (16.4%) $706,879 (23.7%) 0.00 347
2021-01-01 $567,000 (18.1%) $722,208 (24.8%) 0.00 286
2021-02-01 $544,500 (11.4%) $671,528 (13.4%) 0.00 265
2021-03-01 $547,500 (9.6%) $647,323 (7.8%) 0.00 251
2021-04-01 $549,685 (8.3%) $643,821 (7.2%) 0.00 294
2021-05-01 $565,000 (5.6%) $659,317 (2.5%) 0.00 328
2021-06-01 $612,500 (11.6%) $707,805 (7.3%) 0.00 322
2021-07-01 $634,000 (14.9%) $750,202 (12.0%) 0.00 347
2021-08-01 $606,000 (5.4%) $738,442 (5.9%) 0.00 354
2021-09-01 $593,972 (3.3%) $745,639 (3.5%) 0.00 380
2021-10-01 $599,900 (5.3%) $754,371 (1.5%) 0.00 429
2021-11-01 $599,450 (4.3%) $742,022 (1.3%) 0.00 383
2021-12-01 $599,000 (7.3%) $719,516 (1.8%) 0.00 299
2022-01-01 $599,450 (5.7%) $713,781 (-1.2%) 0.00 227
2022-02-01 $627,000 (15.2%) $764,356 (13.8%) 0.00 245
2022-03-01 $645,750 (18.0%) $772,139 (19.3%) 0.00 279
2022-04-01 $677,000 (23.2%) $809,662 (25.8%) 0.00 353
2022-05-01 $659,450 (16.7%) $818,484 (24.1%) 0.00 486
2022-06-01 $674,500 (10.1%) $837,341 (18.3%) 0.00 566
2022-07-01 $669,000 (5.5%) $866,878 (15.6%) 0.00 617
2022-08-01 $699,000 (15.4%) $892,305 (20.8%) 0.00 578
2022-09-01 $695,000 (17.0%) $882,732 (18.4%) 0.00 560
2022-10-01 $660,000 (10.0%) $852,543 (13.0%) 0.00 529
Truckee's median listing price for 2022-10-01 was $660,000, a difference of $60,100 (10.0%) versus the prior year and $-35,000 versus the prior month.

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

Truckee's average listing price for 2022-10-01 was $852,543, a difference of $98,172 (13.0%) versus the prior year and $-30,189 versus the prior month.

For the 2022-10-01 period, Truckee had 529 MLS listings, a difference of -31 listings (-6%) versus the prior month and 100 listings (23%) 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 2,230 sqft
2018-02-01 0 days 2,258 sqft
2018-03-01 0 days 2,288 sqft
2018-04-01 0 days 2,218 sqft
2018-05-01 0 days 2,186 sqft
2018-06-01 0 days 2,171 sqft
2018-07-01 0 days 2,145 sqft
2018-08-01 0 days 2,108 sqft
2018-09-01 0 days 2,116 sqft
2018-10-01 0 days 2,153 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 2,179 sqft
2019-08-01 0 days 2,203 sqft
2019-09-01 0 days 2,217 sqft
2019-10-01 0 days 2,232 sqft
2019-11-01 0 days 2,257 sqft
2019-12-01 0 days 2,256 sqft
2020-01-01 0 days 2,252 sqft
2020-02-01 0 days 2,293 sqft
2020-03-01 0 days 2,229 sqft
2020-04-01 0 days 2,241 sqft
2020-05-01 0 days 2,231 sqft
2020-06-01 0 days 2,332 sqft
2020-07-01 0 days 2,242 sqft
2020-08-01 0 days 2,200 sqft
2020-09-01 0 days 2,209 sqft
2020-10-01 0 days 2,158 sqft
2020-11-01 0 days 2,139 sqft
2020-12-01 0 days 2,129 sqft
2021-01-01 0 days 2,080 sqft
2021-02-01 0 days 2,045 sqft
2021-03-01 0 days 1,988 sqft
2021-04-01 0 days 1,958 sqft
2021-05-01 0 days 1,918 sqft
2021-06-01 0 days 1,938 sqft
2021-07-01 0 days 1,996 sqft
2021-08-01 0 days 1,948 sqft
2021-09-01 0 days 1,919 sqft
2021-10-01 0 days 1,949 sqft
2021-11-01 0 days 1,978 sqft
2021-12-01 0 days 1,912 sqft
2022-01-01 0 days 1,866 sqft
2022-02-01 0 days 1,877 sqft
2022-03-01 0 days 1,912 sqft
2022-04-01 0 days 1,924 sqft
2022-05-01 0 days 1,971 sqft
2022-06-01 0 days 2,000 sqft
2022-07-01 0 days 1,981 sqft
2022-08-01 0 days 1,936 sqft
2022-09-01 0 days 1,981 sqft
2022-10-01 0 days 2,008 sqft
Truckee's median listing age (time on market) for 2022-10-01 was 0 days.

Truckee's median square footage for active listings during the 2022-10-01 period was 2,008 sqft. One year prior, the average listing was 1,949 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.