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 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.

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 6.36% for the week of 2022-09-23, compared to the national average (all VA variants) of 5.992% for the same period.

The average rate for the prior week (2022-09-16) was 6.12% and one month ago for the week of 2022-08-19, the average rate was 5.28%.

The average rate one year ago was 2.98%.

For refis of the same type during the week of 2022-09-23, the average rate was 5.85%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 170 2.43% $3,449
UNITED WHOLESALE MORTGAGE, LLC 80 2.49% $6,236
QUICKEN LOANS, LLC 77 2.43% $5,926
Mortgage Research Center, LLC 74 2.91% $7,972
PENNYMAC LOAN SERVICES, LLC 63 2.31% $6,176
FINANCE OF AMERICA MORTGAGE LLC 51 2.73% $7,635
HOME POINT FINANCIAL CORPORATION 36 2.46% $6,836
CALIBER HOME LOANS, INC. 32 2.56% $5,734
VILLAGE CAPITAL MORTGAGE 32 2.29% $3,925
ROUNDPOINT MORTGAGE SERVICING CORPORATION 31 2.74% $10,028
Hometown Lenders, Inc. 29 2.97% $9,921
MOVEMENT MORTGAGE, LLC 26 2.86% $8,095
LOANDEPOT.COM, LLC 25 2.42% $6,317
Mr. Cooper ( Nationstar Mortgage ) 25 2.79% $4,599
AMERICAN PACIFIC MORTGAGE CORPORATION 22 2.87% $9,355
LOANPAL, LLC 22 2.56% $9,454
USAA Federal Savings Bank 21 2.82% $3,490
LAKEVIEW LOAN SERVICING, LLC 21 2.41% $2,603
CLEARPATH LENDING 20 2.24% $4,622
The Federal Savings Bank 19 2.53% $5,521
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 17 3.21% $8,896
CORNERSTONE HOME LENDING, INC. 14 2.62% $7,891
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 2.94% $11,174
NEW DAY FINANCIAL, LLC 14 2.95% $10,547
EAGLE HOME MORTGAGE, LLC 12 2.72% $7,823
GUILD MORTGAGE COMPANY 10 2.93% $7,271
NEWREZ LLC 10 2.56% $3,546
NAVY FEDERAL CREDIT UNION 9 2.44% $9,093
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 8 2.77% $10,637
CROSSCOUNTRY MORTGAGE, LLC 8 2.87% $7,546
SUN WEST MORTGAGE COMPANY, INC. 8 2.38% $7,144
Carrington Mortgage Services, LLC 8 2.77% $6,946
Commerce Home Mortgage, Inc. 7 2.75% $9,164
SUMMIT FUNDING, INC. 7 3.00% $7,170
Low VA Rates, LLC 7 2.29% $4,690
AMERICAN FINANCIAL NETWORK, INC. 6 2.38% $9,111
InterContinental Capital Group, Inc 6 2.38% $9,031
Wells Fargo Bank 6 2.42% $3,380
PREMIER MORTGAGE RESOURCES, L.L.C. 6 2.65% $9,383
ACADEMY MORTGAGE CORPORATION 6 3.52% $8,281
AMERISAVE MORTGAGE CORPORATION 6 2.65% $9,745
First Guaranty Mortgage Corporation 5 2.63% $3,915
PENTAGON FEDERAL CREDIT UNION 5 2.30% $4,876
SOVEREIGN LENDING GROUP INCORPORATED 5 2.35% $7,624
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.40% $9,914
NBKC BANK 4 2.41% $2,699
Lakeview Community Capital, LLC 4 2.28% $4,990
CALCON MUTUAL MORTGAGE LLC 4 3.09% $8,642
HOMEAMERICAN MORTGAGE CORPORATION 4 2.97% $9,180
Paramount Residential Mortgage Group, Inc. 4 2.63% $8,631
DHI MORTGAGE COMPANY, LTD. 4 2.50% $14,468
PLANET HOME LENDING, LLC 3 2.29% $1,486
Amerifirst Financial, Inc. 3 3.08% $4,935
Barrington Bank & Trust Company, N.A. 3 2.70% $2,028
BROKER SOLUTIONS, INC. 3 2.33% $14,048
CANOPY MORTGAGE, LLC 3 2.58% $12,579
DATA MORTGAGE, INC. 3 2.83% $8,259
Equity Prime Mortgage LLC 3 2.83% $4,440
First Internet Bank of Indiana 3 2.42% $4,565
Flagstar Bank, FSB 3 2.54% $8,507
NETWORK CAPITAL FUNDING CORPORATION 3 2.50% $5,175
S1L, Inc. 3 3.50% $12,141
Prime Choice Funding Inc. 2 2.50% $3,853
North American Savings Bank, F.S.B. 2 2.25% $4,165
Franklin Loan Corporation 2 2.75% $2,187
GUARANTEED RATE, INC. 2 2.69% $5,841
LENDUS, LLC 2 2.25% $2,454
CHURCHILL MORTGAGE CORPORATION 2 2.50% $4,379
FBC MORTGAGE, LLC 2 2.50% $9,258
STEARNS LENDING, LLC 2 2.44% $7,690
PLAZA HOME MORTGAGE, INC. 2 2.62% $3,732
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.38% $3,782
BNC National Bank 2 2.63% $11,433
Golden Empire Mortgage, Inc. 2 3.00% $10,483
DIGNIFIED HOME LOANS, LLC 1 2.25% $3,575
DAS Acquisition Company, LLC 1 2.75% $21,338
Core Bank 1 3.00% $9,993
Academy Bank 1 2.25% $15,788
CONTOUR MORTGAGE CORPORATION 1 2.25% $3,338
Colten Mortgage, LLC 1 4.25% $11,715
Citizens Bank 1 2.63% $2,045
ZILLOW HOME LOANS, LLC 1 2.25% $3,653
Sierra Pacific Mortgage Company, Inc. 1 2.75% $20,866
SRE MORTGAGE ALLIANCE INC. 1 2.25% $1,080
CENTRAL COAST LENDING, INC. 1 2.25% $10,476
TOP FLITE FINANCIAL, INC. 1 2.63% $31,525
TOWNE MORTGAGE COMPANY 1 2.63% $3,585
Umpqua Bank 1 2.50% $7,896
UNION HOME MORTGAGE CORP. 1 2.25% $1,945
UNITED SECURITY FINANCIAL CORP 1 1.75% $8,632
BAY EQUITY LLC 1 2.88% $25,425
ARC HOME LLC 1 2.50% $888
U.S. Bank 1 2.25% $2,230
VERITAS FUNDING, LLC 1 2.38% $9,271
AmeriHome Mortgage Company, LLC 1 2.75% $2,931
ACCELERATE MORTGAGE, LLC 1 1.99% $7,145
LADERA LENDING, INC. 1 2.75% $11,006
JPMorgan Chase Bank 1 2.75% $12,600
KS StateBank 1 2.38% $11,889
LAND HOME FINANCIAL SERVICES, INC. 1 3.38% $9,233
HomeStreet Bank 1 2.38% $3,646
HomePromise Corporation 1 3.75% $18,141
Magnolia Bank 1 2.63% $6,593
Florida Capital Bank 1 2.50% $3,358
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.25% $3,074
NATIONS DIRECT MORTGAGE, LLC 1 3.25% $9,557
First Federal Bank of Kansas City 1 2.25% $2,239
First Federal Bank 1 2.88% $9,008
Wyndham Capital Mortgage, Inc. 1 2.38% $12,797
ENVOY MORTGAGE, LTD 1 2.63% $12,989

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 MORTGAGE ($3,925).

The lowest rate Yuba City VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.24%), VILLAGE CAPITAL MORTGAGE (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. Louis
Date 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
2022-05-01 $491,450 (17.0%) $526,728 (-6.0%) 1.10 266
2022-06-01 $477,000 (11.6%) $531,561 (-8.1%) 1.06 334
2022-07-01 $470,000 (9.2%) $524,872 (-6.4%) 1.05 380
2022-08-01 $459,900 (10.8%) $517,830 (-3.5%) 1.06 448
Yuba City's median listing price for 2022-08-01 was $459,900, a difference of $44,900 (10.8%) versus the prior year and $-10,100 versus the prior month.

Yuba City's median listing price comes in at 106% of the national average.

Yuba City's average listing price for 2022-08-01 was $517,830, a difference of $-18,730 (-3.5%) versus the prior year and $-7,042 versus the prior month.

For the 2022-08-01 period, Yuba City had 448 MLS listings, a difference of 68 listings (18%) versus the prior month and 245 listings (121%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Yuba City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date 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
2022-05-01 28 days 1,840 sqft
2022-06-01 30 days 1,826 sqft
2022-07-01 39 days 1,790 sqft
2022-08-01 44 days 1,766 sqft
Yuba City's median listing age (time on market) for 2022-08-01 was 44 days. This is 22% longer than the same period one year ago.

Yuba City's median square footage for active listings during the 2022-08-01 period was 1,766 sqft. One year prior, the average listing was 1,664 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.