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 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 0.32% for the week of 2023-01-20, compared to the national average (all VA variants) of 0% for the same period.

Vallejo's average VA mortgage closing costs are $7,232.

The average rate for the prior week (2023-01-13) was 6.1% and one month ago for the week of 2022-12-16, the average rate was 6.58%.

The average rate one year ago was 3.58%.

For refis of the same type during the week of 2023-01-20, the average rate was 0.27%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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
LAKEVIEW LOAN SERVICING, LLC 49 2.39% $3,058
CROSSCOUNTRY MORTGAGE, LLC 49 2.74% $11,298
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
MOVEMENT MORTGAGE, LLC 11 2.77% $7,199
Prime Choice Funding Inc. 11 2.20% $5,510
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
First Bank 7 2.70% $5,622
SUMMIT FUNDING, INC. 7 2.77% $11,650
NP, Inc. 7 2.36% $5,757
EAGLE HOME MORTGAGE, LLC 7 2.84% $11,784
CALCON MUTUAL MORTGAGE LLC 7 3.46% $17,132
OCMBC, INC. 7 2.63% $9,271
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 3.08% $8,926
PLAZA HOME MORTGAGE, INC. 6 2.33% $4,723
Strong Home Mortgage, LLC 6 2.31% $7,802
BNC National Bank 6 2.33% $1,929
MUTUAL OF OMAHA MORTGAGE, INC. 6 2.56% $6,225
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
MEGA CAPITAL FUNDING, INC. 2 2.44% $4,122
U.S. Bank 2 2.63% $17,180
Mid-Continent Funding, Inc. 2 2.94% $17,420
Armed Forces Bank 2 2.44% $4,333
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
Meridian Bank Corporation 1 2.25% $5,813
MLD MORTGAGE INC. 1 2.75% $5,550
MORTGAGEONE, INC. 1 2.25% $3,729
M&T Bank 1 2.50% $4,046
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 $484,600 (13.4%) $579,539 (11.0%) 1.80 396
2018-02-01 $474,000 (10.2%) $602,488 (14.9%) 1.72 404
2018-03-01 $470,000 (10.2%) $583,283 (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%) $623,039 (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 $469,425 (2.6%) $557,002 (6.6%) 1.57 771
2018-09-01 $469,000 (4.2%) $543,624 (0.1%) 1.57 816
2018-10-01 $459,450 (2.4%) $526,057 (-3.6%) 1.55 845
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 $456,250 (-5.9%) $696,476 (20.2%) 1.57 628
2019-02-01 $459,500 (-3.1%) $524,618 (-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 (-9.1%) 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 (5.9%) $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 (1.9%) $572,311 (-17.8%) 1.55 471
2020-02-01 $485,000 (5.6%) $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%) $603,895 (3.6%) 1.45 207
2021-03-01 $521,950 (7.0%) $633,214 (8.9%) 1.48 203
2021-04-01 $538,094 (7.8%) $659,013 (15.5%) 1.46 228
2021-05-01 $549,900 (11.0%) $648,498 (12.9%) 1.45 257
2021-06-01 $577,000 (15.0%) $669,722 (13.6%) 1.52 307
2021-07-01 $585,000 (15.7%) $681,245 (14.8%) 1.54 336
2021-08-01 $582,000 (14.1%) $668,777 (13.0%) 1.55 391
2021-09-01 $599,450 (22.4%) $667,102 (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 $584,500 (13.5%) $675,217 (7.9%) 1.58 213
2022-02-01 $592,500 (18.6%) $681,193 (12.8%) 1.54 210
2022-03-01 $610,000 (16.9%) $714,084 (12.8%) 1.53 263
2022-04-01 $638,500 (18.7%) $723,003 (9.7%) 1.52 306
2022-05-01 $629,000 (14.4%) $705,919 (8.9%) 1.44 436
2022-06-01 $619,500 (7.4%) $689,353 (2.9%) 1.38 612
2022-07-01 $615,000 (5.1%) $685,809 (0.7%) 1.39 730
2022-08-01 $625,000 (7.4%) $699,582 (4.6%) 1.44 830
2022-09-01 $623,450 (4.0%) $701,454 (5.2%) 1.46 787
2022-10-01 $606,781 (1.3%) $697,900 (5.2%) 1.43 791
2022-11-01 $599,350 (0.1%) $696,241 (3.1%) 1.44 750
2022-12-01 $599,500 (1.8%) $690,500 (3.8%) 1.50 581
Vallejo's median listing price for 2022-12-01 was $599,500, a difference of $10,300 (1.8%) versus the prior year and $150 versus the prior month.

Vallejo's median listing price comes in at 150% of the national average.

Vallejo's average listing price for 2022-12-01 was $690,500, a difference of $25,472 (3.8%) versus the prior year and $-5,741 versus the prior month.

For the 2022-12-01 period, Vallejo had 581 MLS listings, a difference of -169 listings (-23%) versus the prior month and 293 listings (102%) 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 38 days 1,908 sqft
2018-02-01 26 days 1,857 sqft
2018-03-01 24 days 1,823 sqft
2018-04-01 23 days 1,812 sqft
2018-05-01 24 days 1,880 sqft
2018-06-01 23 days 1,864 sqft
2018-07-01 30 days 1,852 sqft
2018-08-01 35 days 1,800 sqft
2018-09-01 38 days 1,799 sqft
2018-10-01 38 days 1,705 sqft
2018-11-01 44 days 1,699 sqft
2018-12-01 54 days 1,691 sqft
2019-01-01 55 days 1,688 sqft
2019-02-01 34 days 1,747 sqft
2019-03-01 32 days 1,773 sqft
2019-04-01 28 days 1,790 sqft
2019-05-01 28 days 1,790 sqft
2019-06-01 32 days 1,874 sqft
2019-07-01 32 days 1,868 sqft
2019-08-01 36 days 1,851 sqft
2019-09-01 41 days 1,838 sqft
2019-10-01 44 days 1,832 sqft
2019-11-01 51 days 1,784 sqft
2019-12-01 61 days 1,784 sqft
2020-01-01 62 days 1,763 sqft
2020-02-01 43 days 1,797 sqft
2020-03-01 36 days 1,795 sqft
2020-04-01 44 days 1,823 sqft
2020-05-01 45 days 1,820 sqft
2020-06-01 50 days 1,809 sqft
2020-07-01 40 days 1,760 sqft
2020-08-01 44 days 1,757 sqft
2020-09-01 32 days 1,739 sqft
2020-10-01 30 days 1,740 sqft
2020-11-01 32 days 1,792 sqft
2020-12-01 36 days 1,713 sqft
2021-01-01 38 days 1,745 sqft
2021-02-01 25 days 1,696 sqft
2021-03-01 26 days 1,686 sqft
2021-04-01 25 days 1,738 sqft
2021-05-01 23 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 1,713 sqft
2022-02-01 22 days 1,715 sqft
2022-03-01 23 days 1,766 sqft
2022-04-01 25 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 1,746 sqft
2022-08-01 37 days 1,772 sqft
2022-09-01 47 days 1,771 sqft
2022-10-01 52 days 1,767 sqft
2022-11-01 52 days 1,772 sqft
2022-12-01 67 days 1,787 sqft
Vallejo's median listing age (time on market) for 2022-12-01 was 67 days. This is 61% longer than the same period one year ago.

Vallejo's median square footage for active listings during the 2022-12-01 period was 1,787 sqft. One year prior, the average listing was 1,704 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.