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 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.