Yuba City VA Loans
YUBA CITY, 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 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.
Yuba City's 110 lenders originated 1,364 VA loans during 2021. The total origination value was $461,200,000, with an average VA loan value of $338,123.
Yuba City VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Yuba City
averaged
5.52%
for the week of 2022-05-20, compared to the national average (all VA variants) of
5.143% for the same period.
The average rate for the prior week (2022-05-13) was
5.33% and
one month ago for the week of 2022-04-15, the
average rate was 5.19%.
The average rate one year ago was 3.38%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.41%.
Yuba City VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Yuba City level.
The top Yuba City VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
170 VA loans originated. Their average total fees are
$3,449, which is $2,787
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Yuba City VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,603), FREEDOM MORTGAGE CORPORATION ($3,449), USAA Federal Savings Bank ($3,490), NEWREZ LLC ($3,546) and VILLAGE CAPITAL & INVESTMENT LLC ($3,925).
The lowest rate Yuba City VA lenders (with over 10 loans originated) are
CLEARPATH LENDING (2.24%), VILLAGE CAPITAL & INVESTMENT LLC (2.29%), PENNYMAC LOAN SERVICES, LLC (2.31%), LAKEVIEW LOAN SERVICING, LLC (2.41%) and LOANDEPOT.COM, LLC (2.42%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Yuba City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $299,950 (7.4%) | $365,509 (6.8%) | 1.10 | 442 |
2018-02-01 | $315,000 (9.0%) | $379,205 (11.6%) | 1.14 | 431 |
2018-03-01 | $325,000 (11.1%) | $404,468 (18.8%) | 1.12 | 418 |
2018-04-01 | $339,200 (13.4%) | $411,895 (16.4%) | 1.14 | 444 |
2018-05-01 | $330,000 (10.6%) | $407,507 (11.9%) | 1.10 | 493 |
2018-06-01 | $334,900 (11.8%) | $407,512 (10.8%) | 1.12 | 523 |
2018-07-01 | $326,750 (5.7%) | $393,250 (7.2%) | 1.09 | 588 |
2018-08-01 | $319,950 (6.7%) | $381,704 (4.2%) | 1.07 | 650 |
2018-09-01 | $320,000 (5.0%) | $376,005 (2.7%) | 1.07 | 675 |
2018-10-01 | $315,000 (5.1%) | $375,716 (4.2%) | 1.05 | 682 |
2018-11-01 | $309,450 (3.2%) | $373,998 (2.3%) | 1.04 | 629 |
2018-12-01 | $305,000 (1.7%) | $364,957 (-0.6%) | 1.04 | 526 |
2019-01-01 | $304,900 (1.7%) | $354,702 (-3.0%) | 1.05 | 437 |
2019-02-01 | $318,950 (1.3%) | $397,019 (4.7%) | 1.07 | 433 |
2019-03-01 | $328,569 (1.1%) | $409,032 (1.1%) | 1.07 | 405 |
2019-04-01 | $338,567 (-0.2%) | $410,053 (-0.5%) | 1.07 | 415 |
2019-05-01 | $333,650 (1.1%) | $418,532 (2.7%) | 1.03 | 463 |
2019-06-01 | $339,000 (1.2%) | $416,739 (2.3%) | 1.04 | 499 |
2019-07-01 | $339,950 (4.0%) | $885,883 (125.3%) | 1.06 | 556 |
2019-08-01 | $339,729 (6.2%) | $938,825 (146.0%) | 1.07 | 554 |
2019-09-01 | $337,250 (5.4%) | $383,566 (2.0%) | 1.07 | 539 |
2019-10-01 | $334,950 (6.3%) | $384,492 (2.3%) | 1.07 | 528 |
2019-11-01 | $347,900 (12.4%) | $393,928 (5.3%) | 1.12 | 498 |
2019-12-01 | $343,950 (12.8%) | $420,384 (15.2%) | 1.15 | 405 |
2020-01-01 | $337,450 (10.7%) | $424,601 (19.7%) | 1.13 | 359 |
2020-02-01 | $363,000 (13.8%) | $446,315 (12.4%) | 1.17 | 368 |
2020-03-01 | $381,950 (16.3%) | $438,985 (7.3%) | 1.19 | 395 |
2020-04-01 | $381,578 (12.7%) | $440,201 (7.4%) | 1.19 | 394 |
2020-05-01 | $399,500 (19.7%) | $458,805 (9.6%) | 1.21 | 354 |
2020-06-01 | $399,000 (17.7%) | $459,994 (10.4%) | 1.17 | 308 |
2020-07-01 | $399,250 (17.4%) | $462,603 (-47.8%) | 1.14 | 273 |
2020-08-01 | $399,000 (17.5%) | $462,949 (-50.7%) | 1.14 | 245 |
2020-09-01 | $404,900 (20.1%) | $469,668 (22.5%) | 1.16 | 224 |
2020-10-01 | $405,000 (20.9%) | $486,243 (26.5%) | 1.16 | 247 |
2020-11-01 | $406,950 (17.0%) | $500,339 (27.0%) | 1.17 | 214 |
2020-12-01 | $432,500 (25.8%) | $526,364 (25.2%) | 1.27 | 175 |
2021-01-01 | $445,000 (31.9%) | $599,764 (41.3%) | 1.31 | 123 |
2021-02-01 | $445,236 (22.7%) | $580,315 (30.0%) | 1.28 | 137 |
2021-03-01 | $424,900 (11.2%) | $577,264 (31.5%) | 1.19 | 134 |
2021-04-01 | $404,500 (6.0%) | $537,332 (22.1%) | 1.09 | 160 |
2021-05-01 | $419,900 (5.1%) | $560,210 (22.1%) | 1.11 | 164 |
2021-06-01 | $427,450 (7.1%) | $578,599 (25.8%) | 1.11 | 195 |
2021-07-01 | $430,250 (7.8%) | $560,760 (21.2%) | 1.12 | 213 |
2021-08-01 | $415,000 (4.0%) | $536,560 (15.9%) | 1.09 | 203 |
2021-09-01 | $420,000 (3.7%) | $531,942 (13.3%) | 1.11 | 214 |
2021-10-01 | $429,990 (6.2%) | $541,912 (11.5%) | 1.13 | 229 |
2021-11-01 | $438,745 (7.8%) | $533,751 (6.7%) | 1.16 | 218 |
2021-12-01 | $438,995 (1.5%) | $497,783 (-5.4%) | 1.17 | 161 |
2022-01-01 | $446,000 (0.2%) | $507,180 (-15.4%) | 1.19 | 145 |
2022-02-01 | $467,450 (5.0%) | $515,932 (-11.1%) | 1.19 | 143 |
2022-03-01 | $475,000 (11.8%) | $532,572 (-7.7%) | 1.17 | 176 |
2022-04-01 | $470,000 (16.2%) | $525,594 (-2.2%) | 1.11 | 210 |
Yuba City's median listing price comes in at 111% of the national average.
Yuba City's average listing price for 2022-04-01 was $525,594, a difference of $-11,738 (-2.2%) versus the prior year and $-6,978 versus the prior month.
For the 2022-04-01 period, Yuba City had 210 MLS listings, a difference of 34 listings (19%) versus the prior month and 50 listings (31%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Yuba City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 74 days | 1,848 sqft |
2018-02-01 | 66 days | 1,855 sqft |
2018-03-01 | 49 days | 1,884 sqft |
2018-04-01 | 46 days | 1,895 sqft |
2018-05-01 | 42 days | 1,899 sqft |
2018-06-01 | 44 days | 1,878 sqft |
2018-07-01 | 44 days | 1,832 sqft |
2018-08-01 | 45 days | 1,811 sqft |
2018-09-01 | 52 days | 1,836 sqft |
2018-10-01 | 54 days | 1,818 sqft |
2018-11-01 | 57 days | 1,738 sqft |
2018-12-01 | 66 days | 1,720 sqft |
2019-01-01 | 67 days | 1,697 sqft |
2019-02-01 | 57 days | 1,737 sqft |
2019-03-01 | 55 days | 1,741 sqft |
2019-04-01 | 48 days | 1,734 sqft |
2019-05-01 | 37 days | 1,718 sqft |
2019-06-01 | 43 days | 1,750 sqft |
2019-07-01 | 43 days | 1,756 sqft |
2019-08-01 | 49 days | 1,763 sqft |
2019-09-01 | 51 days | 1,773 sqft |
2019-10-01 | 51 days | 1,820 sqft |
2019-11-01 | 51 days | 1,907 sqft |
2019-12-01 | 63 days | 1,878 sqft |
2020-01-01 | 71 days | 1,863 sqft |
2020-02-01 | 45 days | 1,896 sqft |
2020-03-01 | 38 days | 1,950 sqft |
2020-04-01 | 44 days | 1,951 sqft |
2020-05-01 | 59 days | 2,048 sqft |
2020-06-01 | 51 days | 2,050 sqft |
2020-07-01 | 57 days | 2,036 sqft |
2020-08-01 | 49 days | 2,000 sqft |
2020-09-01 | 37 days | 2,009 sqft |
2020-10-01 | 36 days | 2,000 sqft |
2020-11-01 | 48 days | 1,914 sqft |
2020-12-01 | 51 days | 1,950 sqft |
2021-01-01 | 53 days | 1,996 sqft |
2021-02-01 | 24 days | 1,892 sqft |
2021-03-01 | 30 days | 1,877 sqft |
2021-04-01 | 30 days | 1,873 sqft |
2021-05-01 | 31 days | 1,863 sqft |
2021-06-01 | 24 days | 1,784 sqft |
2021-07-01 | 27 days | 1,809 sqft |
2021-08-01 | 36 days | 1,664 sqft |
2021-09-01 | 37 days | 1,655 sqft |
2021-10-01 | 38 days | 1,714 sqft |
2021-11-01 | 42 days | 1,742 sqft |
2021-12-01 | 49 days | 1,745 sqft |
2022-01-01 | 48 days | 1,767 sqft |
2022-02-01 | 35 days | 1,772 sqft |
2022-03-01 | 27 days | 1,801 sqft |
2022-04-01 | 26 days | 1,744 sqft |
Yuba City's median square footage for active listings during the 2022-04-01 period was 1,744 sqft. One year prior, the average listing was 1,873 sqft.