Vallejo VA Loans

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 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.