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 103 lenders originated 1,316 VA loans during 2021. The total origination value was $385,160,000, with an average VA loan value of $292,675.

    Visalia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Visalia averaged 6.43% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

    Visalia's average VA mortgage closing costs are $5,391.

    The average rate for the prior week (2022-11-25) was 6.67% and one month ago for the week of 2022-10-28, the average rate was 7.16%.

    The average rate one year ago was 3.44%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.43%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    FREEDOM MORTGAGE CORPORATION 107 2.43% $3,158
    QUICKEN LOANS, LLC 95 2.43% $4,392
    PENNYMAC LOAN SERVICES, LLC 87 2.32% $6,036
    COUNTRY CLUB MORTGAGE, INC. 82 2.80% $7,370
    Mortgage Research Center, LLC 68 2.87% $5,457
    CALIBER HOME LOANS, INC. 55 2.44% $6,109
    UNITED WHOLESALE MORTGAGE, LLC 52 2.51% $6,334
    Commerce Home Mortgage, Inc. 33 2.81% $8,256
    KINGS MORTGAGE SERVICES, INC. 30 2.70% $7,845
    VILLAGE CAPITAL MORTGAGE 29 2.25% $3,566
    LOANDEPOT.COM, LLC 26 2.36% $3,090
    FINANCE OF AMERICA MORTGAGE LLC 23 2.73% $9,420
    GUARANTEED RATE, INC. 22 2.73% $6,170
    CLEARPATH LENDING 22 2.36% $4,426
    Mr. Cooper ( Nationstar Mortgage ) 21 2.64% $3,594
    NEW DAY FINANCIAL, LLC 20 2.94% $9,996
    DHI MORTGAGE COMPANY, LTD. 18 2.57% $7,979
    The Federal Savings Bank 17 2.57% $8,742
    HOME POINT FINANCIAL CORPORATION 17 2.43% $5,533
    NAVY FEDERAL CREDIT UNION 16 2.49% $3,786
    LAKEVIEW LOAN SERVICING, LLC 15 2.58% $2,787
    CROSSCOUNTRY MORTGAGE, LLC 15 3.08% $7,419
    USAA Federal Savings Bank 14 2.89% $4,008
    AMERICAN FINANCIAL NETWORK, INC. 13 2.47% $4,897
    Wells Fargo Bank 10 2.63% $2,549
    AMERICAN PACIFIC MORTGAGE CORPORATION 10 2.81% $7,355
    AMERISAVE MORTGAGE CORPORATION 9 2.54% $8,463
    MASON MCDUFFIE MORTGAGE CORPORATION 8 2.91% $3,120
    Flagstar Bank, FSB 7 2.70% $11,803
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 7 2.93% $4,296
    SUN WEST MORTGAGE COMPANY, INC. 7 2.50% $2,436
    InterContinental Capital Group, Inc 7 2.23% $5,066
    RESIDENTIAL BANCORP. 7 2.86% $6,797
    Carrington Mortgage Services, LLC 6 2.96% $4,078
    Barrington Bank & Trust Company, N.A. 6 2.78% $9,718
    Low VA Rates, LLC 6 2.35% $4,185
    Magnolia Bank 6 2.56% $10,769
    EAGLE HOME MORTGAGE, LLC 5 2.90% $4,324
    Lakeview Community Capital, LLC 5 2.53% $1,837
    MLD MORTGAGE INC. 5 2.87% $6,704
    BROKER SOLUTIONS, INC. 5 2.43% $4,472
    LOANPAL, LLC 5 2.45% $5,413
    SOVEREIGN LENDING GROUP INCORPORATED 4 2.41% $5,710
    ALAMEDA MORTGAGE CORPORATION 4 3.12% $5,713
    NP, Inc. 4 2.28% $4,713
    Equity Prime Mortgage LLC 3 2.79% $3,603
    GUILD MORTGAGE COMPANY 3 2.46% $8,412
    NETWORK CAPITAL FUNDING CORPORATION 3 2.38% $5,022
    NEWREZ LLC 3 2.46% $5,908
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.46% $5,738
    Platinum Home Mortgage Corporation 3 3.25% $12,492
    First Guaranty Mortgage Corporation 3 2.42% $2,430
    MUTUAL OF OMAHA MORTGAGE, INC. 3 2.71% $6,937
    BNC National Bank 2 2.38% $3,196
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.38% $14,632
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 2.63% $6,651
    ENVOY MORTGAGE, LTD 2 2.75% $5,394
    Meridian Bank Corporation 2 2.38% $2,754
    First Home Bank 2 2.44% $16,193
    PLAZA HOME MORTGAGE, INC. 2 2.56% $2,497
    PENTAGON FEDERAL CREDIT UNION 2 2.44% $12,165
    Paramount Residential Mortgage Group, Inc. 2 2.56% $3,645
    NFM, INC. 2 2.75% $3,537
    DIGNIFIED HOME LOANS, LLC 2 2.88% $9,821
    Sierra Pacific Mortgage Company, Inc. 2 2.88% $4,205
    Wyndham Capital Mortgage, Inc. 1 2.25% $0
    Citibank 1 2.88% $3,942
    CELEBRITY HOME LOANS, LLC 1 2.50% $1,329
    CMG MORTGAGE, INC. 1 2.75% $9,016
    ACCELERATE MORTGAGE, LLC 1 1.75% $9,000
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.88% $19,118
    Capital Bank 1 2.38% $3,639
    FirstBank 1 2.75% $949
    First Federal Bank 1 2.75% $5,027
    Franklin Loan Corporation 1 3.63% $3,708
    CALCULATED RISK ANALYTICS LLC 1 2.25% $1,535
    Goldwater Bank, N.A. 1 2.38% $5,825
    Hometown Equity Mortgage, LLC 1 2.88% $10,555
    Hometown Lenders, Inc. 1 3.25% $11,660
    KD CAPITAL MORTGAGE CORPORATION 1 2.25% $4,342
    LENDUS, LLC 1 2.25% $3,445
    MEGA CAPITAL FUNDING, INC. 1 2.50% $3,221
    MID AMERICA MORTGAGE, INC. 1 2.25% $1,703
    Armed Forces Bank 1 2.25% $4,256
    MOVEMENT MORTGAGE, LLC 1 2.25% $3,586
    M&T Bank 1 2.75% $4,226
    MUFG Union Bank 1 2.88% $498
    Nations Lending Corporation 1 3.25% $5,084
    NBH Bank 1 2.38% $7,322
    North American Savings Bank, F.S.B. 1 2.25% $15,289
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.13% $600
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 2.75% $6,829
    AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $11,448
    PLANET HOME LENDING, LLC 1 2.25% $2,490
    PREMIER LENDING, INC. 1 2.75% $10,900
    Prime Choice Funding Inc. 1 2.25% $1,790
    SCENIC OAKS FUNDING, INC. 1 3.00% $4,005
    Strong Home Mortgage, LLC 1 2.25% $1,988
    T2 FINANCIAL LLC 1 3.00% $5,413
    UNITED SECURITY FINANCIAL CORP 1 2.25% $2,105
    AMERICAN ADVISORS GROUP 1 2.50% $8,717
    VERITAS FUNDING, LLC 1 3.63% $15,338
    CHURCHILL MORTGAGE CORPORATION 1 3.25% $5,670

    The top Visalia VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 107 VA loans originated. Their average total fees are $3,158, which is $1,234 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Visalia VA lenders (with over 10 loans originated) are Wells Fargo Bank ($2,549), LAKEVIEW LOAN SERVICING, LLC ($2,787), LOANDEPOT.COM, LLC ($3,090), FREEDOM MORTGAGE CORPORATION ($3,158) and VILLAGE CAPITAL MORTGAGE ($3,566).

    The lowest rate Visalia VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (2.25%), PENNYMAC LOAN SERVICES, LLC (2.32%), CLEARPATH LENDING (2.36%), LOANDEPOT.COM, LLC (2.36%) and HOME POINT FINANCIAL CORPORATION (2.43%).

    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 $257,500 (3.0%) $318,901 (-0.7%) 0.90 855
    2018-04-01 $267,450 (7.0%) $329,977 (0.8%) 0.91 838
    2018-05-01 $269,998 (4.2%) $334,434 (1.0%) 0.90 889
    2018-06-01 $269,900 (4.2%) $333,477 (3.0%) 0.90 904
    2018-07-01 $271,203 (4.7%) $332,819 (1.8%) 0.90 948
    2018-08-01 $264,900 (6.2%) $323,124 (2.2%) 0.89 997
    2018-09-01 $265,000 (8.2%) $314,451 (-0.3%) 0.89 1,035
    2018-10-01 $268,975 (8.0%) $314,837 (-0.5%) 0.91 1,061
    2018-11-01 $265,000 (7.1%) $314,972 (0.5%) 0.90 1,051
    2018-12-01 $265,000 (7.8%) $311,920 (-1.4%) 0.91 1,017
    2019-01-01 $264,900 (9.3%) $306,962 (-2.5%) 0.91 981
    2019-02-01 $269,900 (8.0%) $316,044 (0.5%) 0.91 956
    2019-03-01 $271,229 (5.3%) $325,065 (1.9%) 0.89 939
    2019-04-01 $272,336 (1.8%) $331,089 (0.3%) 0.86 930
    2019-05-01 $274,000 (1.5%) $328,506 (-1.8%) 0.86 928
    2019-06-01 $279,900 (3.7%) $345,217 (3.5%) 0.87 893
    2019-07-01 $277,000 (2.1%) $347,230 (4.3%) 0.87 916
    2019-08-01 $273,291 (3.2%) $355,428 (10.0%) 0.87 914
    2019-09-01 $270,877 (2.2%) $371,723 (18.2%) 0.87 888
    2019-10-01 $269,000 (0.0%) $361,967 (15.0%) 0.87 867
    2019-11-01 $268,540 (1.3%) $345,823 (9.8%) 0.88 855
    2019-12-01 $267,225 (0.8%) $336,733 (8.0%) 0.89 791
    2020-01-01 $269,900 (1.9%) $338,915 (10.4%) 0.90 732
    2020-02-01 $266,000 (-1.4%) $333,078 (5.4%) 0.87 688
    2020-03-01 $269,900 (-0.5%) $344,858 (6.1%) 0.85 679
    2020-04-01 $272,500 (0.1%) $344,758 (4.1%) 0.85 703
    2020-05-01 $274,900 (0.3%) $349,532 (6.4%) 0.84 629
    2020-06-01 $278,100 (-0.6%) $449,037 (30.1%) 0.82 519
    2020-07-01 $285,000 (2.9%) $449,697 (29.5%) 0.83 448
    2020-08-01 $309,900 (13.4%) $484,909 (36.4%) 0.89 422
    2020-09-01 $335,400 (23.8%) $461,689 (24.2%) 0.96 421
    2020-10-01 $349,000 (29.7%) $457,868 (26.5%) 1.00 421
    2020-11-01 $338,500 (26.1%) $461,705 (33.5%) 0.99 403
    2020-12-01 $322,475 (20.7%) $446,021 (32.5%) 0.96 371
    2021-01-01 $319,500 (18.4%) $463,149 (36.7%) 0.95 323
    2021-02-01 $329,000 (23.7%) $476,780 (43.1%) 0.96 289
    2021-03-01 $324,900 (20.4%) $467,610 (35.6%) 0.92 281
    2021-04-01 $330,000 (21.1%) $485,977 (41.0%) 0.89 278
    2021-05-01 $359,000 (30.6%) $507,345 (45.2%) 0.95 267
    2021-06-01 $342,713 (23.2%) $508,173 (13.2%) 0.90 302
    2021-07-01 $330,000 (15.8%) $490,182 (9.0%) 0.87 334
    2021-08-01 $333,750 (7.7%) $486,456 (0.3%) 0.89 376
    2021-09-01 $341,619 (1.9%) $484,578 (5.0%) 0.91 386
    2021-10-01 $364,565 (4.5%) $513,070 (12.1%) 0.97 391
    2021-11-01 $384,578 (13.6%) $568,397 (23.1%) 1.03 380
    2021-12-01 $378,250 (17.3%) $592,327 (32.8%) 1.03 331
    2022-01-01 $385,000 (20.5%) $597,105 (28.9%) 1.04 306
    2022-02-01 $416,748 (26.7%) $636,494 (33.5%) 1.08 276
    2022-03-01 $425,000 (30.8%) $644,653 (37.9%) 1.06 294
    2022-04-01 $419,450 (27.1%) $614,521 (26.5%) 1.00 330
    2022-05-01 $414,235 (15.4%) $548,250 (8.1%) 0.95 408
    2022-06-01 $407,500 (18.9%) $528,738 (4.1%) 0.91 498
    2022-07-01 $399,990 (21.2%) $527,239 (7.6%) 0.91 609
    2022-08-01 $401,466 (20.3%) $525,097 (7.9%) 0.93 622
    2022-09-01 $399,993 (17.1%) $524,685 (8.3%) 0.94 600
    2022-10-01 $399,900 (9.7%) $511,721 (-0.3%) 0.94 638
    2022-11-01 $399,450 (3.9%) $501,254 (-11.8%) 0.96 650
    Visalia's median listing price for 2022-11-01 was $399,450, a difference of $14,872 (3.9%) versus the prior year and $-450 versus the prior month.

    Visalia's median listing price comes in at 96% of the national average.

    Visalia's average listing price for 2022-11-01 was $501,254, a difference of $-67,143 (-11.8%) versus the prior year and $-10,467 versus the prior month.

    For the 2022-11-01 period, Visalia had 650 MLS listings, a difference of 12 listings (2%) versus the prior month and 270 listings (71%) 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 73 days 1,701 sqft
    2018-02-01 66 days 1,768 sqft
    2018-03-01 58 days 1,804 sqft
    2018-04-01 57 days 1,829 sqft
    2018-05-01 47 days 1,848 sqft
    2018-06-01 53 days 1,838 sqft
    2018-07-01 57 days 1,824 sqft
    2018-08-01 54 days 1,800 sqft
    2018-09-01 55 days 1,798 sqft
    2018-10-01 57 days 1,799 sqft
    2018-11-01 58 days 1,781 sqft
    2018-12-01 73 days 1,800 sqft
    2019-01-01 75 days 1,777 sqft
    2019-02-01 72 days 1,799 sqft
    2019-03-01 66 days 1,846 sqft
    2019-04-01 58 days 1,853 sqft
    2019-05-01 54 days 1,841 sqft
    2019-06-01 59 days 1,880 sqft
    2019-07-01 60 days 1,842 sqft
    2019-08-01 56 days 1,819 sqft
    2019-09-01 55 days 1,800 sqft
    2019-10-01 55 days 1,780 sqft
    2019-11-01 58 days 1,771 sqft
    2019-12-01 66 days 1,782 sqft
    2020-01-01 70 days 1,789 sqft
    2020-02-01 57 days 1,728 sqft
    2020-03-01 52 days 1,774 sqft
    2020-04-01 57 days 1,771 sqft
    2020-05-01 66 days 1,793 sqft
    2020-06-01 79 days 1,841 sqft
    2020-07-01 59 days 1,853 sqft
    2020-08-01 53 days 1,907 sqft
    2020-09-01 41 days 2,004 sqft
    2020-10-01 42 days 1,981 sqft
    2020-11-01 44 days 1,955 sqft
    2020-12-01 47 days 1,870 sqft
    2021-01-01 53 days 1,823 sqft
    2021-02-01 49 days 1,822 sqft
    2021-03-01 30 days 1,810 sqft
    2021-04-01 32 days 1,799 sqft
    2021-05-01 29 days 1,822 sqft
    2021-06-01 25 days 1,800 sqft
    2021-07-01 30 days 1,779 sqft
    2021-08-01 29 days 1,695 sqft
    2021-09-01 31 days 1,711 sqft
    2021-10-01 39 days 1,786 sqft
    2021-11-01 39 days 1,835 sqft
    2021-12-01 44 days 1,794 sqft
    2022-01-01 44 days 1,801 sqft
    2022-02-01 32 days 1,910 sqft
    2022-03-01 23 days 1,906 sqft
    2022-04-01 26 days 1,861 sqft
    2022-05-01 26 days 1,837 sqft
    2022-06-01 30 days 1,808 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 55 days 1,800 sqft
    2022-11-01 57 days 1,840 sqft
    Visalia's median listing age (time on market) for 2022-11-01 was 57 days. This is 47% longer than the same period one year ago.

    Visalia's median square footage for active listings during the 2022-11-01 period was 1,840 sqft. One year prior, the average listing was 1,835 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.