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 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 6.87% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

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

    The average rate for the prior week (2023-09-15) was 6.64% and one month ago for the week of 2023-08-18, the average rate was 6.93%.

    The average rate one year ago was 5.69%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.56%.

    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 (-1.0%) $314,823 (-1.4%) 0.90 861
    2018-02-01 $249,971 (0.2%) $314,519 (-2.2%) 0.91 873
    2018-03-01 $258,250 (3.3%) $318,986 (-0.7%) 0.91 856
    2018-04-01 $267,450 (7.0%) $330,041 (0.8%) 0.91 839
    2018-05-01 $269,998 (4.2%) $334,256 (0.9%) 0.90 891
    2018-06-01 $269,945 (4.2%) $333,304 (3.0%) 0.90 906
    2018-07-01 $270,564 (4.5%) $332,607 (1.8%) 0.90 949
    2018-08-01 $264,900 (6.2%) $322,937 (2.1%) 0.89 998
    2018-09-01 $265,000 (8.2%) $314,282 (-0.3%) 0.89 1,036
    2018-10-01 $268,950 (8.0%) $314,664 (-0.5%) 0.91 1,062
    2018-11-01 $265,000 (7.1%) $314,795 (0.5%) 0.90 1,052
    2018-12-01 $265,000 (7.8%) $311,743 (-1.5%) 0.91 1,018
    2019-01-01 $264,900 (9.3%) $306,783 (-2.6%) 0.92 982
    2019-02-01 $269,900 (8.0%) $315,848 (0.4%) 0.91 957
    2019-03-01 $271,229 (5.0%) $324,949 (1.9%) 0.89 939
    2019-04-01 $272,336 (1.8%) $331,074 (0.3%) 0.86 928
    2019-05-01 $274,000 (1.5%) $328,506 (-1.7%) 0.86 926
    2019-06-01 $279,900 (3.7%) $344,880 (3.5%) 0.87 890
    2019-07-01 $277,000 (2.4%) $347,046 (4.3%) 0.87 913
    2019-08-01 $273,291 (3.2%) $355,273 (10.0%) 0.87 911
    2019-09-01 $270,877 (2.2%) $371,621 (18.2%) 0.87 885
    2019-10-01 $269,000 (0.0%) $361,825 (15.0%) 0.87 864
    2019-11-01 $268,270 (1.2%) $345,621 (9.8%) 0.88 852
    2019-12-01 $267,225 (0.8%) $336,480 (7.9%) 0.89 788
    2020-01-01 $269,900 (1.9%) $338,652 (10.4%) 0.90 729
    2020-02-01 $266,000 (-1.4%) $332,766 (5.4%) 0.87 685
    2020-03-01 $269,900 (-0.5%) $344,428 (6.0%) 0.85 677
    2020-04-01 $272,450 (0.0%) $344,336 (4.0%) 0.85 700
    2020-05-01 $274,900 (0.3%) $351,801 (7.1%) 0.84 627
    2020-06-01 $278,100 (-0.6%) $452,653 (31.3%) 0.82 517
    2020-07-01 $287,000 (3.6%) $453,604 (30.7%) 0.83 446
    2020-08-01 $310,000 (13.4%) $489,029 (37.7%) 0.89 420
    2020-09-01 $337,050 (24.4%) $466,042 (25.4%) 0.97 419
    2020-10-01 $349,900 (30.1%) $462,053 (27.7%) 1.00 419
    2020-11-01 $339,000 (26.4%) $466,225 (34.9%) 0.99 401
    2020-12-01 $324,013 (21.3%) $450,535 (33.9%) 0.96 369
    2021-01-01 $320,000 (18.6%) $463,851 (37.0%) 0.96 320
    2021-02-01 $329,000 (23.7%) $477,552 (43.5%) 0.96 286
    2021-03-01 $324,925 (20.4%) $468,262 (36.0%) 0.92 278
    2021-04-01 $330,475 (21.3%) $486,805 (41.4%) 0.89 275
    2021-05-01 $359,000 (30.6%) $508,477 (44.5%) 0.95 264
    2021-06-01 $342,950 (23.3%) $509,247 (12.5%) 0.90 299
    2021-07-01 $330,000 (15.0%) $490,949 (8.2%) 0.87 331
    2021-08-01 $333,750 (7.7%) $486,370 (-0.5%) 0.89 374
    2021-09-01 $341,619 (1.4%) $484,483 (4.0%) 0.91 384
    2021-10-01 $364,783 (4.3%) $513,888 (11.2%) 0.97 389
    2021-11-01 $384,950 (13.6%) $569,679 (22.2%) 1.03 377
    2021-12-01 $378,873 (16.9%) $594,009 (31.9%) 1.03 328
    2022-01-01 $385,000 (20.3%) $597,943 (28.9%) 1.04 304
    2022-02-01 $417,500 (26.9%) $638,929 (33.8%) 1.09 273
    2022-03-01 $426,225 (31.2%) $647,020 (38.2%) 1.07 291
    2022-04-01 $419,900 (27.1%) $616,341 (26.6%) 1.00 327
    2022-05-01 $414,235 (15.4%) $549,079 (8.0%) 0.95 404
    2022-06-01 $407,500 (18.8%) $529,149 (3.9%) 0.91 494
    2022-07-01 $399,990 (21.2%) $527,635 (7.5%) 0.90 605
    2022-08-01 $401,466 (20.3%) $525,461 (8.0%) 0.93 618
    2022-09-01 $399,993 (17.1%) $525,038 (8.4%) 0.94 596
    2022-10-01 $399,900 (9.6%) $511,972 (-0.4%) 0.94 634
    2022-11-01 $399,450 (3.8%) $501,441 (-12.0%) 0.96 646
    2022-12-01 $399,450 (5.4%) $502,897 (-15.3%) 0.99 594
    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%) $550,560 (-10.7%) 1.01 409
    2023-05-01 $439,950 (6.2%) $568,503 (3.5%) 1.00 409
    2023-06-01 $434,725 (6.7%) $549,017 (3.8%) 0.98 434
    2023-07-01 $429,999 (7.5%) $566,612 (7.4%) 0.98 440
    2023-08-01 $404,900 (0.9%) $552,152 (5.1%) 0.93 456
    Visalia's median listing price for 2023-08-01 was $404,900, a difference of $3,434 (0.9%) versus the prior year and $-25,099 versus the prior month.

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

    Visalia's average listing price for 2023-08-01 was $552,152, a difference of $26,691 (5.1%) versus the prior year and $-14,460 versus the prior month.

    For the 2023-08-01 period, Visalia had 456 MLS listings, a difference of 16 listings (4%) versus the prior month and -162 listings (-26%) 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 1,701 sqft
    2018-02-01 62 days 1,769 sqft
    2018-03-01 53 days 1,806 sqft
    2018-04-01 52 days 1,829 sqft
    2018-05-01 44 days 1,846 sqft
    2018-06-01 51 days 1,836 sqft
    2018-07-01 53 days 1,821 sqft
    2018-08-01 51 days 1,800 sqft
    2018-09-01 52 days 1,794 sqft
    2018-10-01 53 days 1,798 sqft
    2018-11-01 56 days 1,781 sqft
    2018-12-01 68 days 1,800 sqft
    2019-01-01 72 days 1,777 sqft
    2019-02-01 65 days 1,799 sqft
    2019-03-01 56 days 1,846 sqft
    2019-04-01 53 days 1,853 sqft
    2019-05-01 50 days 1,838 sqft
    2019-06-01 54 days 1,876 sqft
    2019-07-01 54 days 1,841 sqft
    2019-08-01 52 days 1,818 sqft
    2019-09-01 52 days 1,799 sqft
    2019-10-01 52 days 1,779 sqft
    2019-11-01 53 days 1,769 sqft
    2019-12-01 62 days 1,782 sqft
    2020-01-01 66 days 1,789 sqft
    2020-02-01 52 days 1,726 sqft
    2020-03-01 48 days 1,771 sqft
    2020-04-01 53 days 1,770 sqft
    2020-05-01 64 days 1,793 sqft
    2020-06-01 70 days 1,841 sqft
    2020-07-01 52 days 1,854 sqft
    2020-08-01 50 days 1,914 sqft
    2020-09-01 37 days 2,003 sqft
    2020-10-01 37 days 1,981 sqft
    2020-11-01 40 days 1,952 sqft
    2020-12-01 44 days 1,872 sqft
    2021-01-01 49 days 1,823 sqft
    2021-02-01 39 days 1,822 sqft
    2021-03-01 25 days 1,813 sqft
    2021-04-01 27 days 1,803 sqft
    2021-05-01 24 days 1,822 sqft
    2021-06-01 22 days 1,800 sqft
    2021-07-01 27 days 1,784 sqft
    2021-08-01 26 days 1,694 sqft
    2021-09-01 30 days 1,710 sqft
    2021-10-01 37 days 1,786 sqft
    2021-11-01 36 days 1,835 sqft
    2021-12-01 42 days 1,794 sqft
    2022-01-01 39 days 1,801 sqft
    2022-02-01 31 days 1,908 sqft
    2022-03-01 23 days 1,906 sqft
    2022-04-01 25 days 1,859 sqft
    2022-05-01 25 days 1,834 sqft
    2022-06-01 29 days 1,802 sqft
    2022-07-01 31 days 1,791 sqft
    2022-08-01 45 days 1,795 sqft
    2022-09-01 53 days 1,800 sqft
    2022-10-01 54 days 1,798 sqft
    2022-11-01 53 days 1,839 sqft
    2022-12-01 61 days 1,789 sqft
    2023-01-01 69 days 1,831 sqft
    2023-02-01 63 days 1,843 sqft
    2023-03-01 50 days 1,846 sqft
    2023-04-01 51 days 1,912 sqft
    2023-05-01 46 days 1,891 sqft
    2023-06-01 36 days 1,861 sqft
    2023-07-01 38 days 1,854 sqft
    2023-08-01 46 days 1,800 sqft
    Visalia's median listing age (time on market) for 2023-08-01 was 46 days. This is 2% longer than the same period one year ago.

    Visalia's median square footage for active listings during the 2023-08-01 period was 1,800 sqft. One year prior, the average listing was 1,795 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.