Visalia VA Loan Rates, Closing Costs & Stats

VISALIA, 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.

    Visalia's 55 lenders originated 243 VA loans during 2023. The total origination value was $90,975,000, with an average VA loan value of $374,383.

    Visalia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Visalia averaged 6.14% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Visalia's average VA mortgage closing costs are $6,151.

    The average rate for the prior week (2024-07-12) was 6.58% and one month ago for the week of 2024-06-14, the average rate was 6.55%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.65%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Visalia 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 Visalia level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 24 6.32% $11,923
    QUICKEN LOANS, LLC 22 6.01% $11,731
    Mortgage Research Center, LLC 22 6.85% $8,426
    DHI MORTGAGE COMPANY, LTD. 12 5.40% $9,276
    NAVY FEDERAL CREDIT UNION 11 5.74% $5,542
    ALAMEDA MORTGAGE CORPORATION 10 6.46% $14,341
    EAGLE HOME MORTGAGE, LLC 9 5.76% $4,920
    CALIBER HOME LOANS, INC. 7 5.46% $13,670
    CROSSCOUNTRY MORTGAGE, LLC 7 6.28% $10,033
    NEW DAY FINANCIAL, LLC 6 7.46% $13,598
    FBC MORTGAGE, LLC 5 6.09% $9,028
    FREEDOM MORTGAGE CORPORATION 5 6.45% $13,317
    INSPIRE HOME LOANS INC. 5 5.25% $4,348
    LOANDEPOT.COM, LLC 5 5.52% $14,221
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 5 6.47% $11,797
    CMG MORTGAGE, INC. 4 6.13% $17,995
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.47% $13,332
    PENNYMAC LOAN SERVICES, LLC 4 6.13% $5,675
    Commerce Home Mortgage, Inc. 4 6.88% $10,072
    Mr. Cooper ( Nationstar Mortgage ) 3 6.58% $5,782
    USAA Federal Savings Bank 3 6.13% $10,602
    SUN WEST MORTGAGE COMPANY, INC. 3 6.42% $8,616
    NEWREZ LLC 3 7.08% $17,148
    GUILD MORTGAGE COMPANY 3 6.42% $12,705
    VILLAGE CAPITAL MORTGAGE 2 5.94% $18,496
    AMERICAN FINANCIAL NETWORK, INC. 2 5.88% $9,357
    CARDINAL FINANCIAL 2 5.87% $21,797
    COASTAL FUNDING SLC, INC. 2 6.38% $6,148
    Magnolia Bank 2 6.00% $19,452
    Sierra Pacific Mortgage Company, Inc. 2 6.44% $12,316
    SUMMIT FUNDING, INC. 2 5.56% $3,835
    MLD MORTGAGE INC. 1 6.63% $4,160
    MORTGAGEONE, INC. 1 7.25% $7,056
    KD CAPITAL MORTGAGE CORPORATION 1 5.88% $0
    JPMorgan Chase Bank 1 6.75% $4,011
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.50% $19,442
    INTERNATIONAL CITY MORTGAGE, INC. 1 6.75% $6,086
    INTERCAP LENDING INC. 1 5.75% $0
    Franklin Loan Corporation 1 6.25% $3,361
    PANORAMA MORTGAGE GROUP, LLC 1 6.25% $16,048
    Equity Prime Mortgage LLC 1 8.25% $17,873
    PENTAGON FEDERAL CREDIT UNION 1 6.00% $17,898
    Platinum Home Mortgage Corporation 1 5.75% $7,575
    PLAZA HOME MORTGAGE, INC. 1 6.75% $6,460
    Century Mortgage Company DBA Century Lending Company 1 4.75% $14,308
    Barrington Bank & Trust Company, N.A. 1 6.25% $8,119
    S1L, Inc. 1 5.63% $20,593
    VERITAS FUNDING, LLC 1 6.63% $462
    ACADEMY MORTGAGE CORPORATION 1 6.50% $8,245
    Arvest Bank 1 6.25% $9,588
    AMERICAN FINANCING CORPORATION 1 5.25% $10,714
    ALTITUDE FINANCIAL CORPORATION 1 6.50% $5,188
    LOANPAL, LLC 1 6.75% $22,263
    VAN DYK MORTGAGE CORPORATION 1 6.75% $11,549
    MASON MCDUFFIE MORTGAGE CORPORATION 1 7.38% $6,695

    The top Visalia VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 24 VA loans originated. Their average total fees are $11,923, which is $192 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Visalia VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,542), Mortgage Research Center, LLC ($8,426), DHI MORTGAGE COMPANY, LTD. ($9,276), QUICKEN LOANS, LLC ($11,731) and UNITED WHOLESALE MORTGAGE, LLC ($11,923).

    The lowest rate Visalia VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.40%), NAVY FEDERAL CREDIT UNION (5.74%), QUICKEN LOANS, LLC (6.01%), UNITED WHOLESALE MORTGAGE, LLC (6.32%) and ALAMEDA MORTGAGE CORPORATION (6.46%).

    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.