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 73 lenders originated 567 VA loans during 2023. The total origination value was $329,925,000, with an average VA loan value of $581,878.

    Vallejo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Vallejo averaged 6.37% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Vallejo's average VA mortgage closing costs are $8,170.

    The average rate for the prior week (2024-11-01) was 6.43% and one month ago for the week of 2024-10-04, the average rate was 5.85%.

    The average rate one year ago was 7.31%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.65%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 101 6.11% $11,315
    LOANDEPOT.COM, LLC 65 5.79% $21,226
    Mortgage Research Center, LLC 42 6.51% $10,883
    QUICKEN LOANS, LLC 29 6.16% $14,510
    CROSSCOUNTRY MORTGAGE, LLC 29 6.61% $13,367
    AMERICAN PACIFIC MORTGAGE CORPORATION 14 6.52% $20,060
    DHI MORTGAGE COMPANY, LTD. 14 5.49% $12,840
    INSPIRE HOME LOANS INC. 13 5.66% $11,202
    BROKER SOLUTIONS, INC. 13 6.03% $21,379
    NAVY FEDERAL CREDIT UNION 12 5.72% $10,921
    MOVEMENT MORTGAGE, LLC 12 6.42% $16,511
    HOMEAMERICAN MORTGAGE CORPORATION 11 5.36% $7,129
    FREEDOM MORTGAGE CORPORATION 10 6.33% $16,684
    NFM, INC. 10 6.58% $16,406
    South Pacific Financial Corporation 10 5.70% $11,038
    NEWREZ LLC 9 6.30% $13,133
    CMG MORTGAGE, INC. 8 6.34% $17,247
    GUILD MORTGAGE COMPANY 7 6.20% $19,658
    PENTAGON FEDERAL CREDIT UNION 6 5.63% $14,516
    NBKC BANK 6 5.52% $12,882
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 6 5.96% $4,523
    KBHS HOME LOANS, LLC 5 5.48% $14,709
    VILLAGE CAPITAL MORTGAGE 5 6.15% $16,114
    The Federal Savings Bank 4 6.06% $31,328
    Equity Prime Mortgage LLC 4 6.53% $16,512
    PENNYMAC LOAN SERVICES, LLC 4 5.41% $8,687
    USAA Federal Savings Bank 4 6.41% $12,282
    NEW DAY FINANCIAL, LLC 4 7.15% $27,712
    TRAVIS CREDIT UNION 4 5.78% $11,974
    EAGLE HOME MORTGAGE, LLC 3 5.08% $14,436
    First Bank 3 6.25% $6,029
    CARDINAL FINANCIAL 3 6.83% $15,192
    Flagstar Bank, FSB 3 6.04% $15,500
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.25% $24,054
    U.S. Bank 3 5.71% $17,514
    Century Mortgage Company DBA Century Lending Company 3 5.79% $8,309
    Paramount Residential Mortgage Group, Inc. 3 6.29% $3,905
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $19,579
    AMERICAN FINANCIAL NETWORK, INC. 2 6.38% $18,877
    Barrington Bank & Trust Company, N.A. 2 6.00% $14,233
    SUN WEST MORTGAGE COMPANY, INC. 2 5.81% $15,884
    JMAC LENDING, INC. 2 5.50% $15,859
    VERITAS FUNDING, LLC 2 6.25% $24,637
    CALIBER HOME LOANS, INC. 2 6.50% $18,619
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 5.69% $25,764
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.38% $18,753
    PLANET HOME LENDING, LLC 2 4.06% $5,707
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.44% $14,937
    AMERISAVE MORTGAGE CORPORATION 2 6.44% $29,298
    Wells Fargo Bank 1 5.63% $14,358
    AMERICAN FINANCING CORPORATION 1 5.25% $18,213
    American Mortgage & Equity Consultants, Inc. 1 5.75% $4,313
    Armed Forces Bank 1 7.25% $7,685
    BNC National Bank 1 5.50% $15,149
    ENVOY MORTGAGE, LTD 1 6.25% $6,575
    EVERETT FINANCIAL, INC. 1 7.13% $20,175
    FIRST NATIONS HOME FINANCE CORPORATION 1 5.38% $13,783
    GUARANTEED RATE AFFINITY, LLC 1 6.20% $14,662
    GUARANTEED RATE, INC. 1 6.75% $12,203
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $26,029
    LEADERONE FINANCIAL CORPORATION 1 5.75% $30,872
    LOANPAL, LLC 1 6.25% $12,549
    Magnolia Bank 1 6.75% $19,503
    MASON MCDUFFIE MORTGAGE CORPORATION 1 5.75% $24,133
    Meridian Bank Corporation 1 6.13% $17,300
    MORTGAGEONE, INC. 1 7.25% $1,252
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $18,270
    NATIONS DIRECT MORTGAGE, LLC 1 6.75% $10,569
    Plains Commerce Bank 1 5.63% $9,629
    PLAZA HOME MORTGAGE, INC. 1 6.13% $26,396
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.75% $21,411
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.13% $5,795
    AMCAP MORTGAGE, LTD. 1 7.13% $22,544

    The top Vallejo VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 101 VA loans originated. Their average total fees are $11,315, which is $9,911 lower than the next largest lender, LOANDEPOT.COM, LLC.

    The lowest fee Vallejo VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($7,129), Mortgage Research Center, LLC ($10,883), NAVY FEDERAL CREDIT UNION ($10,921), South Pacific Financial Corporation ($11,038) and INSPIRE HOME LOANS INC. ($11,202).

    The lowest rate Vallejo VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (5.36%), DHI MORTGAGE COMPANY, LTD. (5.49%), INSPIRE HOME LOANS INC. (5.66%), South Pacific Financial Corporation (5.70%) and NAVY FEDERAL CREDIT UNION (5.72%).

    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%) $602,352 (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 $502,158 (0.5%) $590,071 (0.7%) 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%) 1.45 207
    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 (14.9%) $669,722 (13.5%) 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%) $705,979 (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 $624,000 (4.1%) $701,662 (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%) 1.48 478
    2023-02-01 $599,000 (1.0%) $675,651 (-0.8%) 1.45 397
    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
    2023-11-01 $583,814 (-2.6%) $668,738 (-4.0%) 1.39 554
    2023-12-01 $589,000 (-1.8%) $680,622 (-1.7%) 1.44 475
    2024-01-01 $592,500 (-1.1%) $689,497 (1.5%) 1.45 414
    2024-02-01 $583,944 (-2.5%) $662,531 (-1.9%) 1.41 417
    2024-03-01 $585,000 (-2.5%) $692,735 (-1.0%) 1.38 457
    2024-04-01 $597,000 (-2.1%) $691,104 (-7.3%) 1.39 545
    2024-05-01 $599,450 (-3.7%) $693,878 (-7.6%) 1.35 618
    2024-06-01 $601,900 (-3.9%) $698,213 (-4.4%) 1.35 651
    2024-07-01 $610,475 (-2.3%) $709,590 (-1.5%) 1.40 717
    2024-08-01 $600,000 (-2.4%) $704,099 (-3.1%) 1.40 714
    2024-09-01 $599,945 (0.0%) $697,128 (-1.7%) 1.41 706
    2024-10-01 $595,988 (-0.5%) $697,447 (2.4%) 1.40 711
    Vallejo's median listing price for 2024-10-01 was $595,988, a difference of $-2,962 (-0.5%) versus the prior year and $-3,957 versus the prior month.

    Vallejo's median listing price comes in at 140% of the national average.

    Vallejo's average listing price for 2024-10-01 was $697,447, a difference of $16,569 (2.4%) versus the prior year and $319 versus the prior month.

    For the 2024-10-01 period, Vallejo had 711 MLS listings, a difference of 5 listings (1%) versus the prior month and 148 listings (26%) 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 1,856 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 1,866 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 1,698 sqft
    2018-12-01 53 days 1,689 sqft
    2019-01-01 54 days 1,685 sqft
    2019-02-01 34 days 1,747 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 1,796 sqft
    2020-04-01 43 days 1,823 sqft
    2020-05-01 44 days 1,820 sqft
    2020-06-01 48 days 1,808 sqft
    2020-07-01 39 days 1,760 sqft
    2020-08-01 43 days 1,757 sqft
    2020-09-01 32 days 1,740 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 1,773 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 1,770 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 1,778 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
    2023-11-01 39 days 1,692 sqft
    2023-12-01 50 days 1,716 sqft
    2024-01-01 50 days 1,706 sqft
    2024-02-01 37 days 1,624 sqft
    2024-03-01 34 days 1,659 sqft
    2024-04-01 32 days 1,686 sqft
    2024-05-01 31 days 1,704 sqft
    2024-06-01 36 days 1,744 sqft
    2024-07-01 36 days 1,770 sqft
    2024-08-01 39 days 1,757 sqft
    2024-09-01 45 days 1,724 sqft
    2024-10-01 44 days 1,700 sqft
    Vallejo's median listing age (time on market) for 2024-10-01 was 44 days. This is 19% longer than the same period one year ago.

    Vallejo's median square footage for active listings during the 2024-10-01 period was 1,700 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.