Vallejo VA Loans

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 155 lenders originated 3,483 VA loans during 2021. The total origination value was $1,594,315,000, with an average VA loan value of $457,742.

Vallejo VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Vallejo averaged 6.11% for the week of 2022-09-23, compared to the national average (all VA variants) of 5.992% for the same period.

The average rate for the prior week (2022-09-16) was 6.27% and one month ago for the week of 2022-08-19, the average rate was 5.42%.

The average rate one year ago was 3.23%.

For refis of the same type during the week of 2022-09-23, the average rate was 6.16%.

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 297 2.37% $5,402
FREEDOM MORTGAGE CORPORATION 291 2.35% $3,854
CALIBER HOME LOANS, INC. 265 2.52% $8,262
UNITED WHOLESALE MORTGAGE, LLC 250 2.49% $8,104
PENNYMAC LOAN SERVICES, LLC 184 2.28% $7,508
LOANDEPOT.COM, LLC 168 2.52% $8,688
Mortgage Research Center, LLC 161 2.78% $10,961
HOME POINT FINANCIAL CORPORATION 83 2.39% $6,581
AMERICAN PACIFIC MORTGAGE CORPORATION 78 2.71% $10,441
NAVY FEDERAL CREDIT UNION 67 2.45% $7,816
VILLAGE CAPITAL MORTGAGE 57 2.17% $5,791
CROSSCOUNTRY MORTGAGE, LLC 49 2.74% $11,298
LAKEVIEW LOAN SERVICING, LLC 49 2.39% $3,058
NEW DAY FINANCIAL, LLC 45 2.77% $11,837
The Federal Savings Bank 39 2.43% $8,685
CLEARPATH LENDING 39 2.27% $6,707
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 38 2.72% $8,486
DHI MORTGAGE COMPANY, LTD. 37 2.62% $13,403
Mr. Cooper ( Nationstar Mortgage ) 36 2.54% $4,998
HOMEBRIDGE FINANCIAL SERVICES, INC. 32 2.78% $10,148
AMERICAN FINANCIAL NETWORK, INC. 31 2.48% $9,228
BROKER SOLUTIONS, INC. 31 2.56% $8,202
Flagstar Bank, FSB 29 2.55% $8,884
NEWREZ LLC 27 2.49% $4,879
Wells Fargo Bank 24 2.45% $6,153
GUILD MORTGAGE COMPANY 24 2.65% $8,573
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 21 2.71% $6,060
FINANCE OF AMERICA MORTGAGE LLC 21 2.57% $7,520
PLANET HOME LENDING, LLC 20 2.47% $4,976
USAA Federal Savings Bank 20 2.81% $7,309
TRAVIS CREDIT UNION 18 3.10% $6,834
NBKC BANK 18 2.49% $6,773
Lakeview Community Capital, LLC 18 2.43% $2,627
HOMEAMERICAN MORTGAGE CORPORATION 17 2.77% $6,955
Hometown Equity Mortgage, LLC 16 2.86% $19,259
Commerce Home Mortgage, Inc. 16 2.91% $7,719
LENDUS, LLC 15 2.50% $9,874
PENTAGON FEDERAL CREDIT UNION 15 2.33% $4,232
GUARANTEED RATE, INC. 14 2.47% $5,968
AMERISAVE MORTGAGE CORPORATION 14 2.44% $6,257
SUN WEST MORTGAGE COMPANY, INC. 14 2.51% $9,123
MASON MCDUFFIE MORTGAGE CORPORATION 14 2.53% $10,093
NETWORK CAPITAL FUNDING CORPORATION 13 2.57% $4,382
Carrington Mortgage Services, LLC 12 2.88% $8,716
First Guaranty Mortgage Corporation 11 2.28% $3,205
Low VA Rates, LLC 11 2.25% $8,856
Prime Choice Funding Inc. 11 2.20% $5,510
MOVEMENT MORTGAGE, LLC 11 2.77% $7,199
HOMEOWNERS FINANCIAL GROUP USA, LLC 11 2.80% $9,898
InterContinental Capital Group, Inc 11 2.42% $5,185
North American Savings Bank, F.S.B. 10 2.33% $5,522
SOVEREIGN LENDING GROUP INCORPORATED 10 2.38% $12,337
ROUNDPOINT MORTGAGE SERVICING CORPORATION 9 2.78% $9,027
LOANPAL, LLC 9 2.40% $5,275
GUARANTEED RATE AFFINITY, LLC 8 2.45% $5,823
Barrington Bank & Trust Company, N.A. 8 2.71% $8,304
Paramount Residential Mortgage Group, Inc. 8 2.58% $11,110
NP, Inc. 7 2.36% $5,757
EAGLE HOME MORTGAGE, LLC 7 2.84% $11,784
SUMMIT FUNDING, INC. 7 2.77% $11,650
First Bank 7 2.70% $5,622
CALCON MUTUAL MORTGAGE LLC 7 3.46% $17,132
OCMBC, INC. 7 2.63% $9,271
PLAZA HOME MORTGAGE, INC. 6 2.33% $4,723
BNC National Bank 6 2.33% $1,929
Strong Home Mortgage, LLC 6 2.31% $7,802
MUTUAL OF OMAHA MORTGAGE, INC. 6 2.56% $6,225
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 3.08% $8,926
ACCELERATE MORTGAGE, LLC 5 2.10% $7,052
Equity Prime Mortgage LLC 5 2.95% $8,129
FBC MORTGAGE, LLC 5 2.38% $9,466
Century Mortgage Company DBA Century Lending Company 5 2.85% $11,985
CMG MORTGAGE, INC. 5 2.60% $10,619
Wyndham Capital Mortgage, Inc. 4 2.34% $4,149
AmeriHome Mortgage Company, LLC 4 2.63% $3,468
KS StateBank 4 2.38% $4,523
KBHS HOME LOANS, LLC 3 2.58% $3,188
LADERA LENDING, INC. 3 2.33% $3,355
First Mortgage Solutions, LLC 3 2.08% $2,840
Magnolia Bank 3 2.54% $12,675
STEARNS LENDING, LLC 3 2.50% $9,179
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 2.58% $3,157
ENVOY MORTGAGE, LTD 3 2.96% $4,051
EMBRACE HOME LOANS, INC. 3 2.42% $5,505
PREMIER LENDING, INC. 3 2.87% $21,035
U.S. Bank 2 2.63% $17,180
MEGA CAPITAL FUNDING, INC. 2 2.44% $4,122
Armed Forces Bank 2 2.44% $4,333
Mid-Continent Funding, Inc. 2 2.94% $17,420
CHURCHILL MORTGAGE CORPORATION 2 2.25% $3,506
First Federal Bank 2 2.63% $6,505
TJC Mortgage, Inc. 2 2.25% $16,014
ST FIN CORP 2 2.50% $16,246
AMCAP MORTGAGE, LTD. 2 3.06% $22,423
S&S Financial 2 2.69% $4,976
NATIONS DIRECT MORTGAGE, LLC 2 2.56% $4,512
Bank of England 2 2.25% $4,267
HOMESPIRE MORTGAGE CORPORATION 2 2.38% $2,243
Hometown Lenders, Inc. 2 2.75% $9,385
WESTERN EXPRESS LENDING 2 2.38% $1,470
BAY EQUITY LLC 2 3.06% $9,110
PANORAMA MORTGAGE GROUP, LLC 2 3.06% $13,512
INTERCAP LENDING INC. 2 2.56% $3,240
First Home Bank 2 2.31% $1,988
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.00% $6,476
ALAMEDA MORTGAGE CORPORATION 1 2.75% $7,587
AMERICAN ADVISORS GROUP 1 2.25% $3,588
AMERICAN FINANCING CORPORATION 1 2.25% $3,775
BECKAM FUNDING CORP. 1 2.99% $28,663
CALCULATED RISK ANALYTICS LLC 1 2.25% $5,954
CAPSTONE DIRECT, INC. 1 2.63% $4,903
CELEBRITY HOME LOANS, LLC 1 3.88% $17,487
COMPASS MORTGAGE, INC. 1 2.25% $1,865
CONTOUR MORTGAGE CORPORATION 1 2.25% $2,079
Core Bank 1 2.25% $4,809
Credence Funding Corporation 1 2.25% $2,272
DATA MORTGAGE, INC. 1 3.25% $25,435
FAMILY FIRST FUNDING LLC 1 2.25% $4,881
First Savings Bank 1 2.25% $3,075
Florida Capital Bank 1 2.63% $22,600
GENEVA FINANCIAL, LLC 1 2.75% $27,263
Goldwater Bank, N.A. 1 2.75% $12,148
Home Mortgage Alliance Corp 1 2.25% $3,877
HomeStreet Bank 1 2.75% $11,901
IMPAC MORTGAGE CORP. 1 2.50% $0
INTELLILOAN, INC. 1 2.50% $21,023
LEADERONE FINANCIAL CORPORATION 1 2.25% $3,015
LOANLEADERS OF AMERICA, INC. 1 2.38% $2,645
Manufacturers and Traders Trust Company 1 2.50% $4,046
Meridian Bank Corporation 1 2.25% $5,813
MLD MORTGAGE INC. 1 2.75% $5,550
MORTGAGEONE, INC. 1 2.25% $3,729
ACADEMY MORTGAGE CORPORATION 1 2.75% $3,801
NFM, INC. 1 3.50% $4,344
Northpointe Bank 1 2.25% $14,560
OAKTREE FUNDING CORP. 1 3.00% $3,320
ON Q FINANCIAL, INC. 1 2.75% $47,991
OPEN MORTGAGE, LLC 1 3.00% $4,507
PARKSIDE LENDING, LLC 1 2.25% $3,826
PREMIA MORTGAGE, LLC 1 2.25% $14,367
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.13% $31,657
RANLIFE, INC. 1 2.75% $1,481
RELIANCE FIRST CAPITAL, LLC 1 2.63% $32,911
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 2.88% $4,817
Sierra Pacific Mortgage Company, Inc. 1 2.75% $2,944
South Pacific Financial Corporation 1 2.50% $21,692
SRE MORTGAGE ALLIANCE INC. 1 2.25% $1,173
Sunflower Bank 1 2.75% $18,892
The Central Trust Bank 1 2.25% $17,541
TIAA, FSB 1 2.50% $4,192
UNION HOME MORTGAGE CORP. 1 2.25% $11,220
UNITED SECURITY FINANCIAL CORP 1 2.38% $2,651
VAN DYK MORTGAGE CORPORATION 1 3.13% $35,107
V.I.P. MORTGAGE, INC. 1 2.88% $5,046
Watermark Capital, Inc. 1 2.25% $3,232

The top Vallejo VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 297 VA loans originated. Their average total fees are $5,402, which is $1,548 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Vallejo VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,627), LAKEVIEW LOAN SERVICING, LLC ($3,058), First Guaranty Mortgage Corporation ($3,205), FREEDOM MORTGAGE CORPORATION ($3,854) and PENTAGON FEDERAL CREDIT UNION ($4,232).

The lowest rate Vallejo VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (2.17%), Prime Choice Funding Inc. (2.20%), Low VA Rates, LLC (2.25%), CLEARPATH LENDING (2.27%) and PENNYMAC LOAN SERVICES, LLC (2.28%).


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 $482,494 (13.0%) $571,647 (7.8%) 1.78 427
2018-02-01 $472,450 (10.3%) $590,982 (12.6%) 1.70 423
2018-03-01 $469,990 (10.6%) $571,153 (9.6%) 1.63 469
2018-04-01 $482,500 (12.7%) $577,124 (8.8%) 1.62 522
2018-05-01 $499,000 (13.1%) $611,361 (13.3%) 1.66 595
2018-06-01 $489,900 (7.7%) $603,433 (7.3%) 1.63 715
2018-07-01 $486,500 (6.0%) $593,532 (9.4%) 1.62 751
2018-08-01 $469,800 (3.8%) $554,846 (5.9%) 1.57 842
2018-09-01 $469,900 (4.5%) $542,757 (0.5%) 1.57 891
2018-10-01 $459,500 (2.3%) $527,480 (-2.7%) 1.54 928
2018-11-01 $459,475 (1.7%) $534,052 (-3.5%) 1.54 897
2018-12-01 $458,000 (-4.4%) $523,784 (-9.8%) 1.57 791
2019-01-01 $457,000 (-5.3%) $831,640 (45.5%) 1.58 691
2019-02-01 $461,400 (-2.3%) $522,317 (-11.6%) 1.55 698
2019-03-01 $472,371 (0.5%) $540,595 (-5.4%) 1.54 702
2019-04-01 $485,000 (0.5%) $560,092 (-3.0%) 1.53 725
2019-05-01 $484,750 (-2.9%) $561,558 (-8.2%) 1.49 785
2019-06-01 $499,800 (2.0%) $583,798 (-3.3%) 1.54 810
2019-07-01 $498,750 (2.5%) $580,579 (-2.2%) 1.55 828
2019-08-01 $494,857 (5.3%) $571,962 (3.1%) 1.56 782
2019-09-01 $490,607 (4.4%) $560,480 (3.3%) 1.56 749
2019-10-01 $487,000 (6.0%) $553,649 (5.0%) 1.55 802
2019-11-01 $479,000 (4.3%) $543,678 (1.8%) 1.55 688
2019-12-01 $474,950 (3.7%) $556,849 (6.3%) 1.58 555
2020-01-01 $462,475 (1.2%) $554,586 (-33.3%) 1.54 492
2020-02-01 $465,000 (0.8%) $568,648 (8.9%) 1.50 462
2020-03-01 $486,500 (3.0%) $574,664 (6.3%) 1.52 479
2020-04-01 $495,500 (2.2%) $580,785 (3.7%) 1.54 537
2020-05-01 $495,000 (2.1%) $583,461 (3.9%) 1.50 563
2020-06-01 $499,450 (-0.1%) $599,093 (2.6%) 1.46 461
2020-07-01 $513,750 (3.0%) $632,757 (9.0%) 1.47 415
2020-08-01 $505,000 (2.1%) $620,493 (8.5%) 1.44 382
2020-09-01 $489,000 (-0.3%) $594,849 (6.1%) 1.40 355
2020-10-01 $498,000 (2.3%) $618,522 (11.7%) 1.42 349
2020-11-01 $513,500 (7.2%) $624,211 (14.8%) 1.47 311
2020-12-01 $497,000 (4.6%) $605,501 (8.7%) 1.46 245
2021-01-01 $515,000 (11.4%) $641,175 (15.6%) 1.52 218
2021-02-01 $500,000 (7.5%) $638,886 (12.4%) 1.44 202
2021-03-01 $526,975 (8.3%) $661,405 (15.1%) 1.48 189
2021-04-01 $538,000 (8.6%) $658,741 (13.4%) 1.45 220
2021-05-01 $549,900 (11.1%) $648,716 (11.2%) 1.45 243
2021-06-01 $577,000 (15.5%) $669,574 (11.8%) 1.50 295
2021-07-01 $589,450 (14.7%) $682,493 (7.9%) 1.53 309
2021-08-01 $580,975 (15.0%) $668,864 (7.8%) 1.53 375
2021-09-01 $599,450 (22.6%) $661,883 (11.3%) 1.58 410
2021-10-01 $599,000 (20.3%) $658,402 (6.5%) 1.58 422
2021-11-01 $599,000 (16.7%) $667,965 (7.0%) 1.58 362
2021-12-01 $585,000 (17.7%) $655,802 (8.3%) 1.56 273
2022-01-01 $584,000 (13.4%) $666,402 (3.9%) 1.56 203
2022-02-01 $593,500 (18.7%) $679,578 (6.4%) 1.51 200
2022-03-01 $612,200 (16.2%) $708,807 (7.2%) 1.51 252
2022-04-01 $635,000 (18.0%) $718,432 (9.1%) 1.49 294
2022-05-01 $629,000 (14.4%) $704,166 (8.6%) 1.41 421
2022-06-01 $616,495 (6.8%) $688,535 (2.8%) 1.37 600
2022-07-01 $615,000 (4.3%) $686,152 (0.5%) 1.37 726
2022-08-01 $622,500 (7.2%) $697,391 (4.3%) 1.43 820
Vallejo's median listing price for 2022-08-01 was $622,500, a difference of $41,525 (7.2%) versus the prior year and $7,500 versus the prior month.

Vallejo's median listing price comes in at 143% of the national average.

Vallejo's average listing price for 2022-08-01 was $697,391, a difference of $28,527 (4.3%) versus the prior year and $11,239 versus the prior month.

For the 2022-08-01 period, Vallejo had 820 MLS listings, a difference of 94 listings (13%) versus the prior month and 445 listings (119%) 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 28 days 1,851 sqft
2018-03-01 23 days 1,802 sqft
2018-04-01 23 days 1,794 sqft
2018-05-01 24 days 1,871 sqft
2018-06-01 23 days 1,864 sqft
2018-07-01 31 days 1,854 sqft
2018-08-01 35 days 1,802 sqft
2018-09-01 38 days 1,783 sqft
2018-10-01 37 days 1,711 sqft
2018-11-01 43 days 1,716 sqft
2018-12-01 53 days 1,696 sqft
2019-01-01 56 days 1,696 sqft
2019-02-01 34 days 1,747 sqft
2019-03-01 36 days 1,777 sqft
2019-04-01 29 days 1,796 sqft
2019-05-01 28 days 1,789 sqft
2019-06-01 33 days 1,863 sqft
2019-07-01 31 days 1,862 sqft
2019-08-01 36 days 1,848 sqft
2019-09-01 42 days 1,845 sqft
2019-10-01 41 days 1,837 sqft
2019-11-01 43 days 1,818 sqft
2019-12-01 49 days 1,794 sqft
2020-01-01 53 days 1,765 sqft
2020-02-01 31 days 1,784 sqft
2020-03-01 28 days 1,785 sqft
2020-04-01 37 days 1,811 sqft
2020-05-01 35 days 1,797 sqft
2020-06-01 33 days 1,791 sqft
2020-07-01 29 days 1,764 sqft
2020-08-01 27 days 1,743 sqft
2020-09-01 23 days 1,727 sqft
2020-10-01 29 days 1,746 sqft
2020-11-01 33 days 1,805 sqft
2020-12-01 35 days 1,688 sqft
2021-01-01 33 days 1,761 sqft
2021-02-01 18 days 1,699 sqft
2021-03-01 20 days 1,688 sqft
2021-04-01 20 days 1,736 sqft
2021-05-01 18 days 1,744 sqft
2021-06-01 16 days 1,787 sqft
2021-07-01 21 days 1,825 sqft
2021-08-01 21 days 1,689 sqft
2021-09-01 24 days 1,774 sqft
2021-10-01 24 days 1,799 sqft
2021-11-01 31 days 1,778 sqft
2021-12-01 37 days 1,699 sqft
2022-01-01 34 days 1,697 sqft
2022-02-01 20 days 1,715 sqft
2022-03-01 20 days 1,767 sqft
2022-04-01 18 days 1,782 sqft
2022-05-01 21 days 1,776 sqft
2022-06-01 23 days 1,755 sqft
2022-07-01 29 days 1,746 sqft
2022-08-01 32 days 1,774 sqft
Vallejo's median listing age (time on market) for 2022-08-01 was 32 days. This is 54% longer than the same period one year ago.

Vallejo's median square footage for active listings during the 2022-08-01 period was 1,774 sqft. One year prior, the average listing was 1,689 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.