Vallejo VA Loan Rates, Closing Costs & Stats

VALLEJO, 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.

    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 -0.21% for the week of 2023-06-02, 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 (2023-05-26) was 6.33% and one month ago for the week of 2023-04-28, the average rate was 5.68%.

    The average rate one year ago was 4.53%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.38%.

    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
    Vallejo's median listing price for 2023-05-01 was $622,225, a difference of $-6,775 (-1.1%) versus the prior year and $12,725 versus the prior month.

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

    Vallejo's average listing price for 2023-05-01 was $751,163, a difference of $45,221 (6.4%) versus the prior year and $5,324 versus the prior month.

    For the 2023-05-01 period, Vallejo had 326 MLS listings, a difference of 29 listings (10%) versus the prior month and -110 listings (-25%) 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
    Vallejo's median listing age (time on market) for 2023-05-01 was 33 days. This is 27% longer than the same period one year ago.

    Vallejo's median square footage for active listings during the 2023-05-01 period was 1,849 sqft. One year prior, the average listing was 1,775 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.