Vallejo VA Loan Rates, Closing Costs & Stats

VALLEJO, 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.

Vallejo's 114 lenders originated 1,089 VA loans during 2022. The total origination value was $619,245,000, with an average VA loan value of $568,636.

Vallejo VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Vallejo averaged -0.11% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

Vallejo's average VA mortgage closing costs are $7,863.

The average rate for the prior week (2023-11-17) was 6.94% and one month ago for the week of 2023-10-20, the average rate was 7.27%.

The average rate one year ago was 5.98%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.28%.

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

Vallejo 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 Vallejo level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 162 3.94% $11,949
LOANDEPOT.COM, LLC 108 3.93% $14,187
QUICKEN LOANS, LLC 92 3.72% $14,300
Mortgage Research Center, LLC 63 4.68% $14,187
CALIBER HOME LOANS, INC. 58 3.92% $15,679
FREEDOM MORTGAGE CORPORATION 43 3.76% $15,024
NAVY FEDERAL CREDIT UNION 32 4.04% $9,990
AMERICAN PACIFIC MORTGAGE CORPORATION 31 4.60% $17,784
PENNYMAC LOAN SERVICES, LLC 30 3.43% $14,577
CROSSCOUNTRY MORTGAGE, LLC 29 4.79% $16,783
HOME POINT FINANCIAL CORPORATION 23 4.01% $12,304
HOMEAMERICAN MORTGAGE CORPORATION 20 4.16% $5,698
MOVEMENT MORTGAGE, LLC 17 5.13% $19,634
HOMEBRIDGE FINANCIAL SERVICES, INC. 16 4.52% $19,766
The Federal Savings Bank 15 4.27% $23,361
NEW DAY FINANCIAL, LLC 13 5.15% $13,188
South Pacific Financial Corporation 13 4.64% $18,707
FINANCE OF AMERICA MORTGAGE LLC 12 4.07% $11,531
Flagstar Bank, FSB 12 4.89% $10,737
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 4.92% $17,625
DHI MORTGAGE COMPANY, LTD. 11 4.78% $17,177
AMERISAVE MORTGAGE CORPORATION 10 3.70% $14,861
NFM, INC. 10 4.94% $21,106
BROKER SOLUTIONS, INC. 9 4.69% $14,282
HOMEOWNERS FINANCIAL GROUP USA, LLC 8 4.13% $20,106
Paramount Residential Mortgage Group, Inc. 7 4.71% $8,919
Mr. Cooper ( Nationstar Mortgage ) 7 3.73% $7,096
CLEARPATH LENDING 6 3.58% $13,317
Hometown Equity Mortgage, LLC 6 3.54% $17,680
EAGLE HOME MORTGAGE, LLC 6 4.88% $20,970
EVERETT FINANCIAL, INC. 6 3.96% $8,433
PENTAGON FEDERAL CREDIT UNION 6 3.44% $8,496
GUILD MORTGAGE COMPANY 6 5.35% $14,132
KBHS HOME LOANS, LLC 5 4.23% $22,168
TRAVIS CREDIT UNION 5 4.33% $5,567
GUARANTEED RATE, INC. 5 3.98% $9,512
PLANET HOME LENDING, LLC 5 3.70% $9,602
USAA Federal Savings Bank 4 5.09% $17,826
NEWREZ LLC 4 3.94% $5,553
ROUNDPOINT MORTGAGE SERVICING CORPORATION 4 4.03% $14,200
CMG MORTGAGE, INC. 3 4.88% $15,829
SOVEREIGN LENDING GROUP INCORPORATED 3 3.92% $18,799
LOANPAL, LLC 3 3.96% $17,239
CARDINAL FINANCIAL 3 3.50% $13,002
Armed Forces Bank 3 3.12% $9,305
Commerce Home Mortgage, Inc. 3 3.67% $21,615
GUARANTEED RATE AFFINITY, LLC 3 3.99% $10,576
FBC MORTGAGE, LLC 3 4.13% $24,974
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 4.42% $16,487
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.75% $26,183
SUN WEST MORTGAGE COMPANY, INC. 3 3.29% $10,156
North American Savings Bank, F.S.B. 3 3.42% $9,052
VILLAGE CAPITAL MORTGAGE 3 3.46% $7,665
First Federal Bank 3 4.25% $28,776
BAY EQUITY LLC 2 5.06% $13,700
Mid-Continent Funding, Inc. 2 4.88% $15,128
PLAZA HOME MORTGAGE, INC. 2 4.31% $16,009
NETWORK CAPITAL FUNDING CORPORATION 2 3.75% $9,912
ALAMEDA MORTGAGE CORPORATION 2 4.69% $42,774
Nations Lending Corporation 2 4.56% $13,442
Wells Fargo Bank 2 3.50% $2,682
Carrington Mortgage Services, LLC 2 4.75% $15,032
ENVOY MORTGAGE, LTD 2 5.50% $15,322
Texana Bank 2 3.75% $8,902
AMCAP MORTGAGE, LTD. 2 6.44% $12,934
INSPIRE HOME LOANS INC. 2 5.75% $8,126
JPMorgan Chase Bank 2 4.06% $19,449
Strong Home Mortgage, LLC 2 3.81% $20,511
Lakeview Community Capital, LLC 2 3.13% $3,747
LAKEVIEW LOAN SERVICING, LLC 2 2.69% $3,271
Ameris Bank 2 4.81% $9,335
Magnolia Bank 2 4.00% $14,622
Sierra Pacific Mortgage Company, Inc. 2 4.31% $15,643
Wyndham Capital Mortgage, Inc. 1 2.38% $12,283
AMERICAN ADVISORS GROUP 1 5.75% $5,062
ANGEL OAK HOME LOANS LLC 1 4.13% $8,830
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.00% $9,085
AXIA FINANCIAL, LLC 1 3.63% $3,637
CANOPY MORTGAGE, LLC 1 2.75% $8,046
CAPSTONE DIRECT, INC. 1 3.25% $15,535
CHURCHILL MORTGAGE CORPORATION 1 3.13% $3,348
COASTAL FUNDING SLC, INC. 1 3.00% $28,174
Cornerstone First Mortgage, Inc 1 2.50% $3,735
DATA MORTGAGE, INC. 1 4.38% $11,431
Equity Prime Mortgage LLC 1 3.00% $13,944
Extraco Banks 1 5.00% $62,065
First Bank 1 3.00% $5,426
First Home Bank 1 2.75% $7,897
FIRST NATIONS HOME FINANCE CORPORATION 1 6.00% $12,445
Golden Empire Mortgage, Inc. 1 4.63% $22,577
GoPrime Mortgage, Inc. 1 3.75% $15,931
HOMESIDE FINANCIAL, LLC 1 3.75% $1,163
Hometown Lenders, Inc. 1 4.63% $4,891
INTELLILOAN, INC. 1 3.00% $6,266
INTERCAP LENDING INC. 1 3.13% $26,195
LAND HOME FINANCIAL SERVICES, INC. 1 6.63% $31,060
Meridian Bank Corporation 1 5.75% $26,404
MID AMERICA MORTGAGE, INC. 1 3.88% $7,769
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.38% $5,683
NATIONS DIRECT MORTGAGE, LLC 1 5.88% $24,267
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.50% $16,516
NP, Inc. 1 2.25% $6,554
OPEN MORTGAGE, LLC 1 5.63% $16,334
Pacific Lending LLC 1 5.25% $18,634
PANORAMA MORTGAGE GROUP, LLC 1 5.25% $16,978
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.25% $24,128
RESIDENTIAL BANCORP 1 3.63% $3,206
ST FIN CORP 1 6.75% $5,099
SUMMIT FUNDING, INC. 1 3.88% $23,473
SUNSTREET MORTGAGE, LLC 1 4.13% $48,974
The Central Trust Bank 1 4.50% $13,715
THRIVE MORTGAGE, LLC 1 5.63% $4,413
UNION HOME MORTGAGE CORP. 1 2.25% $2,883
VERITAS FUNDING, LLC 1 3.25% $17,783

The top Vallejo VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 162 VA loans originated. Their average total fees are $11,949, which is $2,237 lower than the next largest lender, LOANDEPOT.COM, LLC.

The lowest fee Vallejo VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($5,698), NAVY FEDERAL CREDIT UNION ($9,990), Flagstar Bank, FSB ($10,737), FINANCE OF AMERICA MORTGAGE LLC ($11,531) and UNITED WHOLESALE MORTGAGE, LLC ($11,949).

The lowest rate Vallejo VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.43%), AMERISAVE MORTGAGE CORPORATION (3.70%), QUICKEN LOANS, LLC (3.72%), FREEDOM MORTGAGE CORPORATION (3.76%) and CALIBER HOME LOANS, INC. (3.92%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Vallejo (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 $484,600 (13.4%) $579,539 (11.0%) 1.80 396
2018-02-01 $474,000 (10.2%) $602,339 (14.9%) 1.72 404
2018-03-01 $470,000 (10.2%) $583,201 (13.2%) 1.65 443
2018-04-01 $483,125 (11.1%) $586,330 (12.2%) 1.64 490
2018-05-01 $499,000 (13.1%) $623,135 (17.1%) 1.67 557
2018-06-01 $489,900 (7.5%) $611,163 (10.7%) 1.63 663
2018-07-01 $487,000 (6.1%) $594,288 (11.2%) 1.63 685
2018-08-01 $469,550 (2.7%) $557,017 (6.6%) 1.57 771
2018-09-01 $469,000 (4.2%) $543,624 (0.1%) 1.58 816
2018-10-01 $459,450 (2.4%) $525,980 (-3.6%) 1.56 845
2018-11-01 $455,050 (0.6%) $530,472 (-5.1%) 1.54 806
2018-12-01 $455,000 (-5.2%) $523,771 (-10.4%) 1.57 709
2019-01-01 $455,750 (-6.0%) $695,797 (20.1%) 1.57 628
2019-02-01 $459,725 (-3.0%) $524,807 (-12.9%) 1.55 635
2019-03-01 $470,714 (0.2%) $540,484 (-7.3%) 1.54 644
2019-04-01 $485,000 (0.4%) $557,960 (-4.8%) 1.54 667
2019-05-01 $487,919 (-2.2%) $566,121 (-9.2%) 1.53 733
2019-06-01 $499,900 (2.0%) $586,134 (-4.1%) 1.56 766
2019-07-01 $499,000 (2.5%) $584,585 (-1.6%) 1.56 777
2019-08-01 $496,941 (5.8%) $580,896 (4.3%) 1.57 769
2019-09-01 $493,852 (5.3%) $569,180 (4.7%) 1.58 763
2019-10-01 $491,793 (7.0%) $561,369 (6.7%) 1.59 749
2019-11-01 $479,000 (5.3%) $554,684 (4.6%) 1.57 658
2019-12-01 $476,225 (4.7%) $568,552 (8.6%) 1.59 518
2020-01-01 $465,000 (2.0%) $572,311 (-17.8%) 1.55 471
2020-02-01 $485,000 (5.5%) $582,887 (11.1%) 1.59 440
2020-03-01 $488,000 (3.7%) $581,747 (7.6%) 1.53 467
2020-04-01 $499,000 (2.9%) $570,498 (2.3%) 1.56 508
2020-05-01 $495,500 (1.6%) $574,475 (1.5%) 1.51 531
2020-06-01 $501,916 (0.4%) $589,821 (0.6%) 1.48 439
2020-07-01 $505,750 (1.4%) $593,198 (1.5%) 1.47 396
2020-08-01 $510,000 (2.6%) $591,793 (1.9%) 1.46 355
2020-09-01 $489,688 (-0.8%) $575,264 (1.1%) 1.40 332
2020-10-01 $499,000 (1.5%) $596,939 (6.3%) 1.43 334
2020-11-01 $512,500 (7.0%) $605,401 (9.1%) 1.50 294
2020-12-01 $498,875 (4.8%) $609,717 (7.2%) 1.48 240
2021-01-01 $514,900 (10.7%) $625,935 (9.4%) 1.54 211
2021-02-01 $499,725 (3.0%) $602,559 (3.4%) 1.46 207
2021-03-01 $521,975 (7.0%) $633,163 (8.8%) 1.48 203
2021-04-01 $538,094 (7.8%) $659,397 (15.6%) 1.46 228
2021-05-01 $549,900 (11.0%) $648,498 (12.9%) 1.46 257
2021-06-01 $577,000 (15.0%) $669,722 (13.6%) 1.52 307
2021-07-01 $585,000 (15.7%) $681,788 (14.9%) 1.54 336
2021-08-01 $582,000 (14.1%) $669,031 (13.1%) 1.55 391
2021-09-01 $599,450 (22.4%) $667,207 (16.0%) 1.60 424
2021-10-01 $599,000 (20.0%) $663,307 (11.1%) 1.60 432
2021-11-01 $599,000 (16.9%) $675,072 (11.5%) 1.60 376
2021-12-01 $589,200 (18.1%) $665,028 (9.1%) 1.60 288
2022-01-01 $585,000 (13.6%) $675,470 (7.9%) 1.58 213
2022-02-01 $593,250 (18.7%) $681,193 (13.1%) 1.54 210
2022-03-01 $610,000 (16.9%) $714,002 (12.8%) 1.53 263
2022-04-01 $639,000 (18.8%) $724,182 (9.8%) 1.52 306
2022-05-01 $629,000 (14.4%) $705,942 (8.9%) 1.44 436
2022-06-01 $619,500 (7.4%) $689,353 (2.9%) 1.38 612
2022-07-01 $620,000 (6.0%) $686,594 (0.7%) 1.40 730
2022-08-01 $625,000 (7.4%) $699,719 (4.6%) 1.44 830
2022-09-01 $624,343 (4.2%) $701,617 (5.2%) 1.46 787
2022-10-01 $606,891 (1.3%) $697,992 (5.2%) 1.43 791
2022-11-01 $599,625 (0.1%) $696,482 (3.2%) 1.44 750
2022-12-01 $599,900 (1.8%) $692,313 (4.1%) 1.48 575
2023-01-01 $599,000 (2.4%) $679,404 (0.6%) 1.49 478
2023-02-01 $599,000 (1.0%) $675,599 (-0.8%) 1.45 396
2023-03-01 $599,968 (-1.6%) $699,749 (-2.0%) 1.42 371
2023-04-01 $609,500 (-4.6%) $745,839 (3.0%) 1.42 297
2023-05-01 $622,225 (-1.1%) $751,163 (6.4%) 1.41 326
2023-06-01 $626,000 (1.1%) $730,478 (6.0%) 1.41 361
2023-07-01 $624,900 (0.8%) $720,073 (4.9%) 1.42 393
2023-08-01 $615,000 (-1.6%) $726,738 (3.9%) 1.41 450
2023-09-01 $599,950 (-3.9%) $708,896 (1.0%) 1.40 515
2023-10-01 $598,950 (-1.3%) $680,878 (-2.5%) 1.41 563
Vallejo's median listing price for 2023-10-01 was $598,950, a difference of $-7,941 (-1.3%) versus the prior year and $-1,000 versus the prior month.

Vallejo's median listing price comes in at 141% of the national average.

Vallejo's average listing price for 2023-10-01 was $680,878, a difference of $-17,114 (-2.5%) versus the prior year and $-28,018 versus the prior month.

For the 2023-10-01 period, Vallejo had 563 MLS listings, a difference of 48 listings (9%) versus the prior month and -228 listings (-29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Vallejo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 37 days 1,906 sqft
2018-02-01 26 days 1,857 sqft
2018-03-01 23 days 1,822 sqft
2018-04-01 22 days 1,812 sqft
2018-05-01 23 days 1,880 sqft
2018-06-01 22 days 1,864 sqft
2018-07-01 30 days 1,852 sqft
2018-08-01 34 days 1,800 sqft
2018-09-01 37 days 1,797 sqft
2018-10-01 38 days 1,703 sqft
2018-11-01 44 days 1,699 sqft
2018-12-01 53 days 1,690 sqft
2019-01-01 54 days 1,687 sqft
2019-02-01 34 days 1,748 sqft
2019-03-01 31 days 1,773 sqft
2019-04-01 27 days 1,790 sqft
2019-05-01 27 days 1,790 sqft
2019-06-01 31 days 1,874 sqft
2019-07-01 32 days 1,868 sqft
2019-08-01 36 days 1,852 sqft
2019-09-01 40 days 1,842 sqft
2019-10-01 43 days 1,835 sqft
2019-11-01 51 days 1,784 sqft
2019-12-01 60 days 1,786 sqft
2020-01-01 60 days 1,763 sqft
2020-02-01 43 days 1,797 sqft
2020-03-01 36 days 1,795 sqft
2020-04-01 43 days 1,823 sqft
2020-05-01 44 days 1,820 sqft
2020-06-01 48 days 1,809 sqft
2020-07-01 39 days 1,760 sqft
2020-08-01 43 days 1,757 sqft
2020-09-01 32 days 1,739 sqft
2020-10-01 29 days 1,740 sqft
2020-11-01 32 days 1,792 sqft
2020-12-01 36 days 1,713 sqft
2021-01-01 36 days 1,745 sqft
2021-02-01 24 days 1,694 sqft
2021-03-01 26 days 1,687 sqft
2021-04-01 25 days 1,740 sqft
2021-05-01 22 days 1,745 sqft
2021-06-01 23 days 1,770 sqft
2021-07-01 27 days 1,809 sqft
2021-08-01 27 days 1,692 sqft
2021-09-01 29 days 1,765 sqft
2021-10-01 31 days 1,778 sqft
2021-11-01 37 days 1,768 sqft
2021-12-01 42 days 1,704 sqft
2022-01-01 38 days 1,714 sqft
2022-02-01 22 days 1,715 sqft
2022-03-01 23 days 1,766 sqft
2022-04-01 24 days 1,787 sqft
2022-05-01 26 days 1,775 sqft
2022-06-01 29 days 1,753 sqft
2022-07-01 34 days 1,750 sqft
2022-08-01 37 days 1,773 sqft
2022-09-01 47 days 1,771 sqft
2022-10-01 52 days 1,767 sqft
2022-11-01 52 days 1,773 sqft
2022-12-01 67 days 1,784 sqft
2023-01-01 72 days 1,793 sqft
2023-02-01 59 days 1,779 sqft
2023-03-01 40 days 1,822 sqft
2023-04-01 38 days 1,847 sqft
2023-05-01 33 days 1,849 sqft
2023-06-01 37 days 1,813 sqft
2023-07-01 31 days 1,781 sqft
2023-08-01 35 days 1,815 sqft
2023-09-01 29 days 1,744 sqft
2023-10-01 37 days 1,704 sqft
Vallejo's median listing age (time on market) for 2023-10-01 was 37 days. This is -30% shorter than the same period one year ago.

Vallejo's median square footage for active listings during the 2023-10-01 period was 1,704 sqft. One year prior, the average listing was 1,767 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.