Visalia VA Loan Rates, Closing Costs & Stats

VISALIA, 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.

Visalia's 66 lenders originated 520 VA loans during 2022. The total origination value was $183,680,000, with an average VA loan value of $353,231.

Visalia VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Visalia averaged 0.04% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Visalia's average VA mortgage closing costs are $5,917.

The average rate for the prior week (2024-02-16) was 6.52% and one month ago for the week of 2024-01-19, the average rate was 6.17%.

The average rate one year ago was 5.99%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.36%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 43 3.87% $10,794
Mortgage Research Center, LLC 43 4.63% $8,737
COUNTRY CLUB MORTGAGE, INC. 42 4.83% $7,725
UNITED WHOLESALE MORTGAGE, LLC 36 4.51% $9,572
FREEDOM MORTGAGE CORPORATION 31 4.03% $9,816
PENNYMAC LOAN SERVICES, LLC 26 3.56% $10,245
CALIBER HOME LOANS, INC. 21 4.52% $10,249
KINGS MORTGAGE SERVICES, INC. 20 4.53% $9,616
NAVY FEDERAL CREDIT UNION 14 3.53% $8,746
EAGLE HOME MORTGAGE, LLC 12 4.77% $3,489
LOANDEPOT.COM, LLC 12 4.28% $9,392
HOME POINT FINANCIAL CORPORATION 10 3.94% $7,514
CMG MORTGAGE, INC. 10 4.73% $14,733
FINANCE OF AMERICA MORTGAGE LLC 10 4.52% $7,974
AMERICAN PACIFIC MORTGAGE CORPORATION 9 4.71% $11,316
NEW DAY FINANCIAL, LLC 9 5.25% $9,682
The Federal Savings Bank 9 4.63% $18,045
Mr. Cooper ( Nationstar Mortgage ) 8 4.78% $11,058
GUARANTEED RATE, INC. 7 4.04% $7,608
CROSSCOUNTRY MORTGAGE, LLC 7 4.66% $11,610
Commerce Home Mortgage, Inc. 6 4.13% $10,234
DHI MORTGAGE COMPANY, LTD. 6 4.58% $9,924
LOANPAL, LLC 6 4.17% $12,755
ALAMEDA MORTGAGE CORPORATION 5 4.90% $8,087
CLEARPATH LENDING 5 3.97% $6,160
USAA Federal Savings Bank 4 4.16% $5,487
AMERISAVE MORTGAGE CORPORATION 4 4.06% $18,944
MASON MCDUFFIE MORTGAGE CORPORATION 4 4.31% $6,049
RESIDENTIAL WHOLESALE MORTGAGE, INC. 4 5.16% $13,375
NEWREZ LLC 4 3.97% $9,821
LAKEVIEW LOAN SERVICING, LLC 4 2.78% $7,128
CARDINAL FINANCIAL 4 5.50% $12,011
Carrington Mortgage Services, LLC 3 4.88% $20,466
BROKER SOLUTIONS, INC. 3 4.04% $15,421
Magnolia Bank 3 4.50% $13,179
Pacific Lending LLC 3 4.67% $8,730
Barrington Bank & Trust Company, N.A. 3 5.21% $14,546
Platinum Home Mortgage Corporation 3 5.00% $8,527
RESIDENTIAL BANCORP 3 4.75% $11,433
MLD MORTGAGE INC. 3 4.88% $9,541
VILLAGE CAPITAL MORTGAGE 3 3.71% $17,623
Equity Prime Mortgage LLC 3 4.33% $7,026
NATIONS DIRECT MORTGAGE, LLC 3 4.04% $27,716
GUILD MORTGAGE COMPANY 3 4.50% $12,657
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.44% $5,750
Lakeview Community Capital, LLC 2 3.25% $3,110
Wells Fargo Bank 2 4.88% $1,506
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.75% $12,705
Amerifirst Financial, Inc. 1 5.13% $16,866
FRONTWAVE 1 2.50% $1,338
First Guaranty Mortgage Corporation 1 3.50% $5,176
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 4.38% $4,678
First Federal Bank 1 6.49% $20,806
EMBRACE HOME LOANS, INC. 1 3.00% $4,175
Low VA Rates, LLC 1 3.75% $6,268
Mid-Continent Funding, Inc. 1 6.75% $5,535
COASTAL FUNDING SLC, INC. 1 5.63% $8,396
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.75% $14,980
Nations Lending Corporation 1 3.63% $19,181
NETWORK CAPITAL FUNDING CORPORATION 1 4.25% $6,105
OCMBC, INC. 1 6.13% $7,868
PLANET HOME LENDING, LLC 1 4.75% $4,653
PLAZA HOME MORTGAGE, INC. 1 2.88% $9,030
Flagstar Bank, FSB 1 6.25% $4,718
UNION HOME MORTGAGE CORP. 1 2.25% $2,649
AMERICAN FINANCING CORPORATION 1 2.50% $5,603

The top Visalia VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 43 VA loans originated. Their average total fees are $10,794, which is $2,057 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Visalia VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($3,489), HOME POINT FINANCIAL CORPORATION ($7,514), COUNTRY CLUB MORTGAGE, INC. ($7,725), FINANCE OF AMERICA MORTGAGE LLC ($7,974) and Mortgage Research Center, LLC ($8,737).

The lowest rate Visalia VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (3.53%), PENNYMAC LOAN SERVICES, LLC (3.56%), QUICKEN LOANS, LLC (3.87%), HOME POINT FINANCIAL CORPORATION (3.94%) and FREEDOM MORTGAGE CORPORATION (4.03%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Visalia (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 $242,450 (-1.1%) $315,239 (-1.4%) 0.90 859
2018-02-01 $249,995 (0.2%) $314,730 (-2.3%) 0.91 873
2018-03-01 $257,500 (3.0%) $318,901 (-0.9%) 0.90 855
2018-04-01 $267,450 (6.8%) $329,977 (0.7%) 0.91 838
2018-05-01 $269,999 (4.2%) $334,736 (0.9%) 0.90 889
2018-06-01 $269,995 (4.2%) $333,775 (2.9%) 0.90 904
2018-07-01 $271,250 (4.7%) $333,108 (1.9%) 0.91 948
2018-08-01 $264,900 (6.2%) $323,515 (2.3%) 0.89 996
2018-09-01 $265,000 (8.2%) $314,814 (-0.2%) 0.89 1,034
2018-10-01 $269,000 (8.0%) $315,093 (-0.4%) 0.91 1,061
2018-11-01 $265,000 (7.2%) $315,190 (0.6%) 0.90 1,051
2018-12-01 $265,000 (7.8%) $312,098 (-1.4%) 0.91 1,016
2019-01-01 $264,900 (9.3%) $307,194 (-2.6%) 0.92 979
2019-02-01 $269,900 (8.0%) $316,241 (0.5%) 0.91 955
2019-03-01 $271,346 (5.4%) $325,446 (2.1%) 0.89 938
2019-04-01 $272,511 (1.9%) $331,678 (0.5%) 0.87 929
2019-05-01 $274,000 (1.5%) $327,177 (-2.3%) 0.86 926
2019-06-01 $279,900 (3.7%) $343,417 (2.9%) 0.87 890
2019-07-01 $276,975 (2.1%) $346,622 (4.1%) 0.87 912
2019-08-01 $273,291 (3.2%) $355,464 (9.9%) 0.87 910
2019-09-01 $270,877 (2.2%) $372,185 (18.2%) 0.87 883
2019-10-01 $269,000 (0.0%) $362,538 (15.1%) 0.87 862
2019-11-01 $268,720 (1.4%) $346,284 (9.9%) 0.88 850
2019-12-01 $267,225 (0.8%) $336,752 (7.9%) 0.89 787
2020-01-01 $269,900 (1.9%) $338,652 (10.2%) 0.90 729
2020-02-01 $266,000 (-1.4%) $333,079 (5.3%) 0.87 684
2020-03-01 $269,900 (-0.5%) $344,811 (6.0%) 0.85 676
2020-04-01 $272,437 (0.0%) $339,845 (2.5%) 0.85 697
2020-05-01 $273,000 (-0.4%) $342,449 (4.7%) 0.83 622
2020-06-01 $277,200 (-1.0%) $440,931 (28.4%) 0.82 513
2020-07-01 $285,000 (2.9%) $440,957 (27.2%) 0.83 442
2020-08-01 $309,000 (13.1%) $476,515 (34.1%) 0.89 416
2020-09-01 $332,950 (22.9%) $452,255 (21.5%) 0.95 415
2020-10-01 $349,000 (29.7%) $449,075 (23.9%) 1.00 414
2020-11-01 $338,480 (26.0%) $452,308 (30.6%) 0.99 396
2020-12-01 $318,625 (19.2%) $436,185 (29.5%) 0.95 364
2021-01-01 $319,000 (18.2%) $451,091 (33.2%) 0.95 317
2021-02-01 $329,000 (23.7%) $463,826 (39.3%) 0.96 282
2021-03-01 $324,663 (20.3%) $454,861 (31.9%) 0.92 274
2021-04-01 $330,000 (21.1%) $473,927 (39.5%) 0.89 271
2021-05-01 $359,000 (31.5%) $507,931 (48.3%) 0.95 263
2021-06-01 $343,950 (24.1%) $510,077 (15.7%) 0.91 298
2021-07-01 $330,000 (15.8%) $491,610 (11.5%) 0.87 330
2021-08-01 $335,000 (8.4%) $486,655 (2.1%) 0.89 374
2021-09-01 $341,619 (2.6%) $484,483 (7.1%) 0.91 384
2021-10-01 $364,783 (4.5%) $513,888 (14.4%) 0.97 389
2021-11-01 $384,950 (13.7%) $569,679 (26.0%) 1.03 377
2021-12-01 $378,873 (18.9%) $594,009 (36.2%) 1.03 328
2022-01-01 $385,000 (20.7%) $597,943 (32.6%) 1.04 304
2022-02-01 $417,500 (26.9%) $638,929 (37.8%) 1.09 273
2022-03-01 $426,225 (31.3%) $647,020 (42.3%) 1.07 291
2022-04-01 $419,900 (27.2%) $616,341 (30.1%) 1.00 327
2022-05-01 $415,000 (15.6%) $549,202 (8.1%) 0.95 405
2022-06-01 $407,500 (18.5%) $529,385 (3.8%) 0.91 495
2022-07-01 $399,995 (21.2%) $527,849 (7.4%) 0.90 606
2022-08-01 $401,867 (20.0%) $525,670 (8.0%) 0.93 619
2022-09-01 $399,995 (17.1%) $525,273 (8.4%) 0.94 597
2022-10-01 $399,900 (9.6%) $512,212 (-0.3%) 0.94 635
2022-11-01 $399,675 (3.8%) $501,696 (-11.9%) 0.96 647
2022-12-01 $399,900 (5.6%) $503,160 (-15.3%) 0.99 595
2023-01-01 $403,750 (4.9%) $499,771 (-16.4%) 1.00 527
2023-02-01 $407,498 (-2.4%) $510,371 (-20.1%) 0.98 483
2023-03-01 $417,450 (-2.1%) $530,739 (-18.0%) 0.98 456
2023-04-01 $435,000 (3.6%) $550,611 (-10.7%) 1.01 407
2023-05-01 $439,450 (5.9%) $568,670 (3.5%) 1.00 407
2023-06-01 $433,500 (6.4%) $549,055 (3.7%) 0.97 433
2023-07-01 $429,999 (7.5%) $566,612 (7.3%) 0.98 440
2023-08-01 $404,900 (0.8%) $552,152 (5.0%) 0.93 456
2023-09-01 $396,000 (-1.0%) $523,749 (-0.3%) 0.92 481
2023-10-01 $394,975 (-1.2%) $512,872 (0.1%) 0.93 524
2023-11-01 $386,723 (-3.2%) $499,841 (-0.4%) 0.92 548
2023-12-01 $380,000 (-5.0%) $486,996 (-3.2%) 0.93 567
Visalia's median listing price for 2023-12-01 was $380,000, a difference of $-19,900 (-5.0%) versus the prior year and $-6,723 versus the prior month.

Visalia's median listing price comes in at 93% of the national average.

Visalia's average listing price for 2023-12-01 was $486,996, a difference of $-16,164 (-3.2%) versus the prior year and $-12,845 versus the prior month.

For the 2023-12-01 period, Visalia had 567 MLS listings, a difference of 19 listings (3%) versus the prior month and -28 listings (-5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Visalia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 68 days 1,700 sqft
2018-02-01 62 days 1,764 sqft
2018-03-01 53 days 1,800 sqft
2018-04-01 52 days 1,823 sqft
2018-05-01 44 days 1,843 sqft
2018-06-01 51 days 1,834 sqft
2018-07-01 53 days 1,821 sqft
2018-08-01 51 days 1,800 sqft
2018-09-01 51 days 1,796 sqft
2018-10-01 53 days 1,798 sqft
2018-11-01 56 days 1,781 sqft
2018-12-01 68 days 1,798 sqft
2019-01-01 71 days 1,776 sqft
2019-02-01 65 days 1,798 sqft
2019-03-01 56 days 1,846 sqft
2019-04-01 53 days 1,853 sqft
2019-05-01 51 days 1,838 sqft
2019-06-01 54 days 1,879 sqft
2019-07-01 54 days 1,844 sqft
2019-08-01 52 days 1,822 sqft
2019-09-01 52 days 1,801 sqft
2019-10-01 52 days 1,777 sqft
2019-11-01 53 days 1,768 sqft
2019-12-01 61 days 1,773 sqft
2020-01-01 66 days 1,787 sqft
2020-02-01 52 days 1,715 sqft
2020-03-01 48 days 1,770 sqft
2020-04-01 52 days 1,770 sqft
2020-05-01 64 days 1,793 sqft
2020-06-01 69 days 1,841 sqft
2020-07-01 52 days 1,855 sqft
2020-08-01 47 days 1,920 sqft
2020-09-01 36 days 2,008 sqft
2020-10-01 37 days 1,995 sqft
2020-11-01 40 days 1,958 sqft
2020-12-01 44 days 1,873 sqft
2021-01-01 49 days 1,823 sqft
2021-02-01 39 days 1,827 sqft
2021-03-01 25 days 1,814 sqft
2021-04-01 27 days 1,806 sqft
2021-05-01 23 days 1,823 sqft
2021-06-01 22 days 1,800 sqft
2021-07-01 26 days 1,784 sqft
2021-08-01 26 days 1,693 sqft
2021-09-01 30 days 1,708 sqft
2021-10-01 37 days 1,784 sqft
2021-11-01 36 days 1,834 sqft
2021-12-01 42 days 1,791 sqft
2022-01-01 39 days 1,800 sqft
2022-02-01 31 days 1,905 sqft
2022-03-01 23 days 1,906 sqft
2022-04-01 25 days 1,859 sqft
2022-05-01 25 days 1,835 sqft
2022-06-01 29 days 1,805 sqft
2022-07-01 31 days 1,795 sqft
2022-08-01 45 days 1,795 sqft
2022-09-01 53 days 1,800 sqft
2022-10-01 54 days 1,796 sqft
2022-11-01 54 days 1,840 sqft
2022-12-01 61 days 1,790 sqft
2023-01-01 69 days 1,832 sqft
2023-02-01 63 days 1,844 sqft
2023-03-01 50 days 1,847 sqft
2023-04-01 51 days 1,911 sqft
2023-05-01 45 days 1,887 sqft
2023-06-01 36 days 1,855 sqft
2023-07-01 38 days 1,854 sqft
2023-08-01 46 days 1,800 sqft
2023-09-01 44 days 1,733 sqft
2023-10-01 51 days 1,711 sqft
2023-11-01 56 days 1,698 sqft
2023-12-01 60 days 1,695 sqft
Visalia's median listing age (time on market) for 2023-12-01 was 60 days. This is -2% shorter than the same period one year ago.

Visalia's median square footage for active listings during the 2023-12-01 period was 1,695 sqft. One year prior, the average listing was 1,790 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.