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 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 6.32% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

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

The average rate for the prior week (2024-05-31) was 6.63% and one month ago for the week of 2024-05-03, the average rate was 6.65%.

The average rate one year ago was 6.45%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.5%.

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
Vallejo's median listing price for 2024-05-01 was $599,450, a difference of $-22,775 (-3.7%) versus the prior year and $2,450 versus the prior month.

Vallejo's median listing price comes in at 135% of the national average.

Vallejo's average listing price for 2024-05-01 was $693,878, a difference of $-57,285 (-7.6%) versus the prior year and $2,774 versus the prior month.

For the 2024-05-01 period, Vallejo had 618 MLS listings, a difference of 73 listings (13%) versus the prior month and 292 listings (90%) 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
Vallejo's median listing age (time on market) for 2024-05-01 was 31 days. This is -6% shorter than the same period one year ago.

Vallejo's median square footage for active listings during the 2024-05-01 period was 1,704 sqft. One year prior, the average listing was 1,849 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.