California VA Loan Rates, Closing Costs & Stats

California

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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.

    California VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in California averaged 0.05% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    California's average VA mortgage closing costs are $8,154.

    The average rate for the prior week (2024-11-08) was 6.25% and one month ago for the week of 2024-10-11, the average rate was 6.12%.

    The average rate one year ago was 7.21%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.22%.

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

    California 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 California level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 3,483 6.09% $13,028
    Mortgage Research Center, LLC 1,413 6.54% $10,217
    QUICKEN LOANS, LLC 1,282 6.06% $15,183
    LOANDEPOT.COM, LLC 845 5.80% $18,388
    NAVY FEDERAL CREDIT UNION 658 5.80% $9,615
    CROSSCOUNTRY MORTGAGE, LLC 521 6.37% $16,300
    PENNYMAC LOAN SERVICES, LLC 389 5.72% $13,849
    EAGLE HOME MORTGAGE, LLC 381 5.52% $7,784
    FREEDOM MORTGAGE CORPORATION 378 6.34% $17,663
    AMERICAN PACIFIC MORTGAGE CORPORATION 348 6.45% $17,079
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 269 6.36% $13,295
    DHI MORTGAGE COMPANY, LTD. 257 5.49% $10,697
    GUARANTEED RATE, INC. 239 6.09% $11,751
    KBHS HOME LOANS, LLC 228 5.82% $14,223
    The Federal Savings Bank 225 6.22% $22,522
    AMERICAN FINANCIAL NETWORK, INC. 198 6.33% $13,001
    CMG MORTGAGE, INC. 188 6.26% $18,665
    GUILD MORTGAGE COMPANY 179 6.14% $16,021
    MOVEMENT MORTGAGE, LLC 173 6.33% $14,300
    Paramount Residential Mortgage Group, Inc. 170 6.42% $13,918
    NEWREZ LLC 156 6.28% $15,059
    BROKER SOLUTIONS, INC. 155 6.25% $16,187
    Century Mortgage Company DBA Century Lending Company 136 6.20% $14,134
    VILLAGE CAPITAL MORTGAGE 135 6.16% $16,186
    HOMEAMERICAN MORTGAGE CORPORATION 131 5.44% $8,457
    USAA Federal Savings Bank 125 6.22% $12,516
    NEW DAY FINANCIAL, LLC 123 7.38% $16,685
    U.S. Bank 118 6.23% $14,972
    CARDINAL FINANCIAL 103 6.22% $20,214
    Flagstar Bank, FSB 91 6.38% $18,296
    Mr. Cooper ( Nationstar Mortgage ) 84 6.13% $19,381
    SUN WEST MORTGAGE COMPANY, INC. 83 6.37% $12,965
    Equity Prime Mortgage LLC 79 6.60% $13,527
    SUMMIT FUNDING, INC. 77 6.32% $13,692
    ALAMEDA MORTGAGE CORPORATION 76 6.47% $15,944
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 74 6.24% $15,796
    HOMEBRIDGE FINANCIAL SERVICES, INC. 73 5.94% $14,760
    PLANET HOME LENDING, LLC 71 5.83% $10,314
    OCMBC, INC. 68 6.46% $14,042
    Sierra Pacific Mortgage Company, Inc. 65 6.15% $12,586
    Plains Commerce Bank 60 5.89% $15,624
    MORTGAGEONE, INC. 60 6.61% $11,385
    Wells Fargo Bank 58 5.73% $11,136
    INSPIRE HOME LOANS INC. 58 5.40% $8,541
    Golden Empire Mortgage, Inc. 57 6.31% $14,292
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 57 5.62% $6,076
    Barrington Bank & Trust Company, N.A. 57 6.30% $11,709
    PLAZA HOME MORTGAGE, INC. 56 6.30% $13,616
    PENTAGON FEDERAL CREDIT UNION 55 5.77% $11,814
    AMERISAVE MORTGAGE CORPORATION 55 5.77% $17,178
    NATIONS DIRECT MORTGAGE, LLC 54 6.29% $15,704
    MUTUAL OF OMAHA MORTGAGE, INC. 52 6.12% $16,377
    PRIMELENDING, A PLAINSCAPITAL COMPANY 52 6.50% $14,364
    Franklin Loan Corporation 51 6.40% $13,628
    GUARANTEED RATE AFFINITY, LLC 50 6.13% $13,255
    MORTGAGE SOLUTIONS OF COLORADO, LLC 47 7.02% $12,125
    CALIBER HOME LOANS, INC. 46 5.74% $12,462
    South Pacific Financial Corporation 46 5.86% $12,191
    PULTE MORTGAGE LLC 45 5.98% $8,447
    POINT Mortgage 44 6.15% $15,756
    PREMIER MORTGAGE RESOURCES, L.L.C. 44 6.40% $17,017
    American Mortgage & Equity Consultants, Inc. 44 6.60% $16,473
    Prosperity Home Mortgage, LLC 43 5.98% $17,321
    JMJ FINANCIAL GROUP 43 6.37% $17,595
    Nations Lending Corporation 40 6.32% $12,381
    BAY EQUITY LLC 39 6.29% $14,550
    S1L, Inc. 37 6.30% $18,214
    NFM, INC. 36 6.39% $16,409
    Cornerstone First Mortgage, Inc 35 6.36% $19,340
    JPMorgan Chase Bank 35 6.02% $10,513
    Magnolia Bank 34 6.32% $20,502
    LOANPAL, LLC 34 5.93% $13,458
    ACADEMY MORTGAGE CORPORATION 33 6.35% $14,795
    MASON MCDUFFIE MORTGAGE CORPORATION 33 6.31% $16,535
    NBKC BANK 33 5.89% $13,258
    DRAPER AND KRAMER MORTGAGE CORP. 32 5.95% $14,826
    AUGUSTA FINANCIAL, INC. 31 6.18% $14,660
    AXIA FINANCIAL, LLC 31 6.25% $17,630
    EVERETT FINANCIAL, INC. 30 6.39% $18,857
    FBC MORTGAGE, LLC 30 5.51% $9,771
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 28 6.45% $15,949
    INTERCAP LENDING INC. 27 6.22% $11,075
    DIGNIFIED HOME LOANS, LLC 26 6.38% $13,297
    FIRST NATIONS HOME FINANCE CORPORATION 25 6.25% $7,603
    LADERA LENDING, INC. 25 6.22% $16,293
    Shea Mortgage Inc. 24 6.19% $12,334
    RESIDENTIAL BANCORP 23 6.34% $13,812
    The Loan Store, Inc. 22 6.51% $15,491
    MOUNTAIN WEST FINANCIAL, INC. 22 6.64% $16,271
    VERITAS FUNDING, LLC 22 6.27% $26,788
    ENVOY MORTGAGE, LTD 19 6.38% $13,058
    PACIFIC RESIDENTIAL MORTGAGE, LLC 19 6.26% $16,281
    Hometown Equity Mortgage, LLC 19 5.81% $14,400
    Pacific Lending LLC 19 6.63% $16,584
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 18 6.19% $12,238
    BAY-VALLEY MORTGAGE GROUP 18 6.46% $16,378
    Mid-Continent Funding, Inc. 17 6.22% $14,717
    MLD MORTGAGE INC. 17 6.22% $12,440
    GENEVA FINANCIAL, LLC 16 6.62% $12,435
    LAKEVIEW LOAN SERVICING, LLC 16 6.06% $17,032
    Lakeview Community Capital, LLC 16 5.85% $17,881
    Ameris Bank 15 5.95% $13,557
    SOVEREIGN LENDING GROUP INCORPORATED 15 5.42% $24,450
    FRONTWAVE 15 5.64% $4,250
    SCENIC OAKS FUNDING, INC. 14 6.14% $17,769
    NETWORK CAPITAL FUNDING CORPORATION 14 5.94% $14,526
    BNC National Bank 14 5.46% $9,994
    MICHIGAN MUTUAL, INC. 13 6.36% $10,330
    LAND HOME FINANCIAL SERVICES, INC. 12 6.55% $16,047
    CALCON MUTUAL MORTGAGE LLC 12 6.75% $17,170
    HOMEOWNERS FINANCIAL GROUP USA, LLC 12 6.46% $16,796
    INFINITY EQUITY GROUP, INC. 11 6.85% $5,095
    San Diego Funding 11 6.34% $33,598
    NP, Inc. 11 6.84% $33,471
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 11 6.59% $6,408
    ON Q FINANCIAL, INC. 11 6.75% $10,277
    CHURCHILL MORTGAGE CORPORATION 11 5.78% $15,117
    COASTAL FUNDING SLC, INC. 11 6.22% $10,782
    Watermark Capital, Inc. 11 5.93% $15,937
    Wallick & Volk, Inc. 10 6.50% $10,080
    HighTechLending Inc 10 6.55% $13,285
    CORNERSTONE HOME LENDING, INC. 10 6.52% $19,181
    Armed Forces Bank 9 6.07% $19,829
    iCore Lending, Inc. 9 6.07% $12,804
    KD CAPITAL MORTGAGE CORPORATION 8 5.87% $7,848
    UNION HOME MORTGAGE CORP. 8 6.73% $16,435
    Citizens Bank 8 6.06% $8,986
    Strong Home Mortgage, LLC 8 6.05% $10,952
    TJC Mortgage, Inc. 8 6.47% $15,154
    ONY GLO, INC. 8 6.52% $14,411
    SECURITYNATIONAL MORTGAGE COMPANY 8 6.25% $22,440
    CANOPY MORTGAGE, LLC 8 6.51% $14,768
    BM Real Estate Services, Inc. 7 7.09% $6,806
    PREMIA MORTGAGE, LLC 7 6.11% $8,114
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.84% $7,898
    AHL FUNDING 6 6.89% $11,162
    ML Mortgage Corp. 6 6.19% $12,079
    CITY FIRST MORTGAGE SERVICES, L.L.C. 6 6.54% $16,247
    AMERITRUST MORTGAGE CORPORATION 6 6.83% $11,601
    Commerce Home Mortgage, Inc. 6 6.79% $11,321
    INTERNATIONAL CITY MORTGAGE, INC. 6 6.33% $14,531
    AmeriHome Mortgage Company, LLC 6 6.17% $9,223
    JMAC LENDING, INC. 6 5.90% $16,712
    NOVA FINANCIAL & INVESTMENT CORPORATION 5 6.75% $8,123
    TOP FLITE FINANCIAL, INC. 5 6.85% $22,554
    HOMESIDE FINANCIAL, LLC 5 6.25% $12,693
    First Federal Bank 5 6.20% $8,423
    MORTGAGE CAPITAL PARTNERS, INC. 5 6.72% $15,250
    AMCAP MORTGAGE, LTD. 5 6.38% $42,145
    TRAVIS CREDIT UNION 5 6.05% $10,420
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.43% $16,035
    LEADERONE FINANCIAL CORPORATION 5 6.10% $9,803
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 5 6.10% $11,981
    CHERRY CREEK MORTGAGE, LLC 4 5.88% $4,157
    CUSTOMER SERVICE MORTGAGE CORPORATION 4 6.63% $12,403
    Ixonia Bank 4 6.50% $22,977
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.84% $14,563
    CHOICE LENDING CORP. 4 6.38% $7,274
    Sunflower Bank 4 6.25% $13,026
    AMERICAN FINANCING CORPORATION 4 6.13% $15,841
    ST FIN CORP 4 6.19% $17,594
    Carrington Mortgage Services, LLC 4 4.78% $6,111
    ZILLOW HOME LOANS, LLC 4 6.56% $14,043
    Platinum Home Mortgage Corporation 4 6.09% $13,484
    CAMPOS FINANCIAL CORP. 4 6.03% $9,425
    PANORAMA MORTGAGE GROUP, LLC 4 6.47% $12,319
    Neighborhood Loans, Inc. 4 6.03% $20,998
    Northpointe Bank 4 5.66% $13,305
    Farmers Bank & Trust 4 5.19% $12,019
    FIRST COMMUNITY MORTGAGE, INC. 3 6.62% $27,857
    Bank of America 3 6.17% $18,470
    HOME APPROVALS DIRECT, INC. 3 6.92% $23,359
    CONTOUR MORTGAGE CORPORATION 3 6.21% $24,517
    PNC Bank 3 6.17% $11,225
    First Bank 3 6.25% $6,029
    Vellum Mortgage, Inc. 3 6.79% $9,922
    CENTRAL COAST LENDING, INC. 3 6.38% $14,098
    First Savings Bank 3 5.33% $16,227
    Zions Bank 3 6.29% $18,728
    VISION ONE MORTGAGE, INC. 3 6.29% $11,968
    MORIA DEVELOPMENT, INC. 3 5.75% $21,089
    ISERVE RESIDENTIAL LENDING, LLC 3 6.08% $16,147
    Bank of England 3 5.92% $7,024
    Arvest Bank 3 5.88% $7,286
    ROYAL UNITED MORTGAGE LLC 2 6.19% $27,387
    DAS Acquisition Company, LLC 2 7.38% $10,674
    Evolve Bank & Trust 2 6.50% $22,381
    FINANCE OF AMERICA MORTGAGE LLC 2 4.88% $20,602
    FIRST CENTENNIAL MORTGAGE CORPORATION 2 6.38% $14,541
    Florida Capital Bank 2 5.94% $5,755
    COMPASS MORTGAGE, INC. 2 6.69% $14,178
    CITYWIDE HOME LOANS, LLC 2 6.50% $4,439
    HomePromise Corporation 2 7.69% $17,118
    HomeStreet Bank 2 7.38% $4,102
    Keystone Funding, Inc. 2 5.63% $4,678
    CASTLE & COOKE MORTGAGE, LLC 2 6.37% $5,996
    MANN FINANCIAL INC. 2 6.88% $15,397
    Meridian Bank Corporation 2 6.38% $17,380
    MID AMERICA MORTGAGE, INC. 2 5.19% $9,196
    MONARCH FUNDING CORP. 2 5.69% $7,272
    Capital Bank 2 6.19% $8,520
    BMO Harris Bank 2 6.63% $25,412
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.19% $18,674
    BEST FINANCE CAPITAL, INC. 2 6.56% $15,167
    BECKAM FUNDING CORP. 2 6.50% $19,979
    North American Savings Bank, F.S.B. 2 5.31% $26,011
    NuVision Federal Credit Union 2 6.50% $15,494
    OPEN MORTGAGE, LLC 2 5.38% $18,522
    Performance Financial, Inc. 2 5.06% $19,111
    PHH Mortgage Corporation 2 6.56% $14,226
    BANC ONE MORTGAGE CORPORATION 2 5.50% $7,515
    PRIMUS LENDING CORP. 2 7.06% $17,683
    SeaTrust Mortgage Company 2 6.25% $26,196
    The Central Trust Bank 2 6.94% $5,675
    ALTITUDE FINANCIAL CORPORATION 2 6.13% $2,607
    VAN DYK MORTGAGE CORPORATION 2 6.94% $12,695
    V.I.P. MORTGAGE, INC. 2 6.56% $7,886
    Waterstone Mortgage Corporation 2 6.38% $13,358
    NORWICH COMMERCIAL GROUP, INC. 1 6.75% $7,153
    RELIANCE FIRST CAPITAL, LLC 1 6.13% $13,203
    BELEM SERVICING LLC 1 5.25% $19,506
    Residential Mortgage Solutions, Inc. 1 6.88% $13,370
    Bell Bank 1 6.63% $10,075
    DIRECTIONS EQUITY, LLC 1 6.25% $9,546
    NATIONS RELIABLE LENDING, LLC 1 6.88% $7,290
    MY MORTGAGE, INC. 1 6.75% $8,896
    M&T Bank 1 6.63% $23,095
    DATA MORTGAGE, INC. 1 7.00% $18,412
    BRIDGELOCK CAPITAL 1 6.50% $5,489
    MK LENDING CORP. 1 6.00% $6,114
    MEGASTAR FINANCIAL CORP. 1 5.75% $7,828
    SIMPLIFI MORTGAGE, LLC 1 6.63% $26,328
    SNAPFI, INC. 1 6.75% $5,259
    AMERICAN INTERNET MORTGAGE, INC. 1 5.00% $12,674
    SOUTHWEST STAGE FUNDING, LLC 1 7.88% $2,573
    LOANLEADERS OF AMERICA, INC. 1 5.75% $6,718
    LIBERTY HOME MORTGAGE CORPORATION 1 6.50% $27,392
    Stifel Bank and Trust 1 6.00% $9,824
    LENOX FINANCIAL MORTGAGE CORPORATION 1 6.63% $6,857
    LENDING 3, INC. 1 7.13% $10,474
    Leaders Credit Union 1 6.25% $9,244
    Citibank 1 5.75% $18,199
    T2 FINANCIAL LLC 1 6.63% $1,132
    First Bank 1 7.63% $4,214
    INTELLILOAN, INC. 1 6.25% $11,862
    The Freedom Bank of Virginia 1 6.25% $20,793
    HOMESTEAD FUNDING CORP. 1 6.00% $2,888
    THRIVE MORTGAGE, LLC 1 5.75% $14,216
    HOMEOWNERS FIRST MORTGAGE, LLC 1 5.75% $10,752
    HOME FUNDING CORPORATION 1 7.75% $9,095
    GUARANTY HOME MORTGAGE CORPORATION 1 5.88% $6,445
    Truist 1 6.70% $15,570
    Community First National Bank 1 6.13% $20,881
    UNITED 1 7.75% $6,637
    UNITED HOME LOANS, INC. 1 6.63% $30,884
    Wheatland Bank 1 6.13% $22,438
    ALLIED MORTGAGE GROUP, INC. 1 7.13% $2,377
    Allied First Bank,sb 1 5.99% $10,088
    Willamette Valley Bank 1 6.25% $15,246
    GSF Mortgage Corporation 1 5.63% $840
    GoPrime Mortgage, Inc. 1 6.00% $27,963
    Alaska USA Federal Credit Union 1 6.63% $5,352
    DELMAR FINANCIAL COMPANY 1 6.88% $6,710
    Constant Investments, Inc. 1 6.00% $33,047
    FLAT BRANCH MORTGAGE, INC. 1 7.13% $11,164
    Banner Bank 1 6.00% $44,072
    Presidential Bank, FSB 1 7.75% $12,676
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.75% $20,128
    ONE NEVADA CREDIT UNION 1 5.88% $6,456
    First Internet Bank of Indiana 1 5.75% $1,852
    AmRes Corporation 1 7.75% $5,701
    OAKTREE FUNDING CORP. 1 5.75% $6,725

    The top California VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 3,483 VA loans originated. Their average total fees are $13,028, which is $2,811 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee California VA lenders (with over 10 loans originated) are FRONTWAVE ($4,250), INFINITY EQUITY GROUP, INC. ($5,095), K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. ($6,076), MORTGAGE MANAGEMENT CONSULTANTS, INC. ($6,408) and FIRST NATIONS HOME FINANCE CORPORATION ($7,603).

    The lowest rate California VA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.40%), SOVEREIGN LENDING GROUP INCORPORATED (5.42%), HOMEAMERICAN MORTGAGE CORPORATION (5.44%), BNC National Bank (5.46%) and DHI MORTGAGE COMPANY, LTD. (5.49%).

    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.