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 6.18% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

    California's average VA mortgage closing costs are $7,896.

    The average rate for the prior week (2023-09-15) was 6.56% and one month ago for the week of 2023-08-18, the average rate was 6.34%.

    The average rate one year ago was 5.51%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.23%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 6,178 4.09% $12,861
    QUICKEN LOANS, LLC 2,978 3.70% $13,562
    Mortgage Research Center, LLC 2,300 4.81% $11,815
    LOANDEPOT.COM, LLC 1,699 3.76% $14,488
    FREEDOM MORTGAGE CORPORATION 1,501 3.77% $13,028
    PENNYMAC LOAN SERVICES, LLC 1,417 3.22% $12,858
    NAVY FEDERAL CREDIT UNION 1,188 3.64% $9,768
    HOME POINT FINANCIAL CORPORATION 1,025 3.81% $12,160
    AMERICAN PACIFIC MORTGAGE CORPORATION 751 4.44% $15,079
    CROSSCOUNTRY MORTGAGE, LLC 731 4.70% $17,406
    CALIBER HOME LOANS, INC. 657 4.20% $14,375
    NEW DAY FINANCIAL, LLC 446 4.64% $15,362
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 423 4.47% $13,658
    The Federal Savings Bank 415 4.31% $19,678
    EAGLE HOME MORTGAGE, LLC 393 4.17% $8,996
    GUARANTEED RATE, INC. 392 4.21% $11,871
    FINANCE OF AMERICA MORTGAGE LLC 367 4.28% $11,639
    CMG MORTGAGE, INC. 330 4.27% $15,559
    BROKER SOLUTIONS, INC. 308 4.25% $13,848
    DHI MORTGAGE COMPANY, LTD. 303 4.02% $12,563
    Mr. Cooper ( Nationstar Mortgage ) 281 4.06% $11,838
    MOVEMENT MORTGAGE, LLC 274 4.53% $14,878
    Flagstar Bank, FSB 273 4.07% $14,176
    USAA Federal Savings Bank 262 4.18% $10,571
    HOMEBRIDGE FINANCIAL SERVICES, INC. 253 4.15% $14,771
    GUILD MORTGAGE COMPANY 239 4.37% $14,544
    AMERISAVE MORTGAGE CORPORATION 235 3.99% $15,069
    Paramount Residential Mortgage Group, Inc. 229 4.71% $12,727
    CLEARPATH LENDING 222 3.48% $13,044
    NEWREZ LLC 211 4.09% $12,098
    KBHS HOME LOANS, LLC 209 4.18% $15,781
    CARDINAL FINANCIAL 209 4.37% $17,977
    SUMMIT FUNDING, INC. 204 4.58% $14,787
    NATIONS DIRECT MORTGAGE, LLC 199 4.24% $16,148
    HOMEAMERICAN MORTGAGE CORPORATION 191 4.08% $8,019
    LAKEVIEW LOAN SERVICING, LLC 167 3.18% $8,048
    PLANET HOME LENDING, LLC 144 3.74% $13,463
    VILLAGE CAPITAL MORTGAGE 144 3.84% $15,245
    Carrington Mortgage Services, LLC 141 4.44% $14,026
    Wells Fargo Bank 137 3.87% $9,499
    MORTGAGEONE, INC. 131 4.59% $15,621
    PENTAGON FEDERAL CREDIT UNION 125 3.30% $9,947
    Golden Empire Mortgage, Inc. 124 4.68% $13,493
    Cornerstone First Mortgage, Inc 124 4.22% $16,715
    COUNTRY CLUB MORTGAGE, INC. 122 4.85% $9,925
    SUN WEST MORTGAGE COMPANY, INC. 119 4.06% $12,499
    PRIMELENDING, A PLAINSCAPITAL COMPANY 115 4.61% $14,175
    Sierra Pacific Mortgage Company, Inc. 113 4.38% $11,035
    GUARANTEED RATE AFFINITY, LLC 109 4.26% $11,150
    Barrington Bank & Trust Company, N.A. 107 4.43% $12,250
    LOANPAL, LLC 103 3.56% $14,619
    BAY EQUITY LLC 99 4.62% $14,866
    Century Mortgage Company DBA Century Lending Company 90 4.54% $14,141
    Equity Prime Mortgage LLC 87 5.08% $12,057
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 84 4.59% $16,556
    ALAMEDA MORTGAGE CORPORATION 83 4.53% $14,394
    PLAZA HOME MORTGAGE, INC. 81 4.57% $16,078
    MORTGAGE SOLUTIONS OF COLORADO, LLC 81 4.93% $14,914
    S1L, Inc. 79 4.62% $16,715
    Commerce Home Mortgage, Inc. 77 3.99% $13,077
    RESIDENTIAL BANCORP 74 4.46% $13,272
    South Pacific Financial Corporation 74 4.31% $16,294
    Lakeview Community Capital, LLC 72 3.21% $6,550
    NETWORK CAPITAL FUNDING CORPORATION 71 3.75% $12,934
    Franklin Loan Corporation 69 4.69% $11,745
    FBC MORTGAGE, LLC 69 4.30% $12,823
    JMJ FINANCIAL GROUP 67 4.72% $19,893
    MUTUAL OF OMAHA MORTGAGE, INC. 65 4.29% $16,588
    PULTE MORTGAGE LLC 62 4.22% $9,614
    Magnolia Bank 61 4.21% $16,656
    KINGS MORTGAGE SERVICES, INC. 60 4.86% $11,231
    OCMBC, INC. 59 4.66% $14,265
    Nations Lending Corporation 58 4.86% $16,046
    U.S. Bank 57 4.33% $13,561
    INSPIRE HOME LOANS INC. 56 4.35% $15,525
    EVERETT FINANCIAL, INC. 56 4.21% $12,704
    NBKC BANK 56 3.87% $9,514
    FRONTWAVE 56 3.29% $6,607
    AUGUSTA FINANCIAL, INC. 54 4.41% $16,240
    North American Savings Bank, F.S.B. 53 3.85% $13,397
    MUFG Union Bank 52 4.05% $10,930
    Hometown Lenders, Inc. 52 4.52% $13,692
    Strong Home Mortgage, LLC 50 3.24% $12,509
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 49 4.46% $16,290
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 47 4.54% $16,325
    NFM, INC. 47 4.74% $16,859
    CHERRY CREEK MORTGAGE, LLC 46 4.29% $6,673
    Hometown Equity Mortgage, LLC 45 4.37% $15,150
    PREMIER MORTGAGE RESOURCES, L.L.C. 44 4.54% $16,701
    VERITAS FUNDING, LLC 41 5.01% $21,223
    LADERA LENDING, INC. 41 4.27% $11,785
    MASON MCDUFFIE MORTGAGE CORPORATION 40 4.28% $15,491
    Low VA Rates, LLC 40 4.05% $17,343
    MOUNTAIN WEST FINANCIAL, INC. 39 4.10% $12,341
    CORNERSTONE HOME LENDING, INC. 39 4.75% $13,143
    ACADEMY MORTGAGE CORPORATION 38 4.86% $16,250
    CALCON MUTUAL MORTGAGE LLC 36 4.89% $13,545
    DRAPER AND KRAMER MORTGAGE CORP. 36 3.95% $12,484
    AXIA FINANCIAL, LLC 36 4.74% $13,217
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 36 4.28% $9,926
    HOMEOWNERS FINANCIAL GROUP USA, LLC 35 4.72% $17,255
    Texana Bank 35 3.58% $13,362
    BNC National Bank 35 3.60% $9,950
    FIRST NATIONS HOME FINANCE CORPORATION 34 4.90% $10,115
    Prosperity Home Mortgage, LLC 33 4.83% $18,055
    Pacific Lending LLC 33 4.28% $12,660
    MLD MORTGAGE INC. 33 4.33% $14,487
    DIGNIFIED HOME LOANS, LLC 32 4.65% $13,096
    Amerifirst Financial, Inc. 30 4.89% $14,197
    JPMorgan Chase Bank 30 4.08% $8,891
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 30 4.75% $12,114
    SECURITYNATIONAL MORTGAGE COMPANY 30 4.71% $16,078
    Shea Mortgage Inc. 29 4.45% $10,071
    Armed Forces Bank 29 3.93% $13,130
    AMCAP MORTGAGE, LTD. 29 4.64% $19,728
    PRIMARY RESIDENTIAL MORTGAGE, INC. 28 4.30% $13,021
    SOVEREIGN LENDING GROUP INCORPORATED 28 3.98% $14,584
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 28 4.68% $13,117
    GENEVA FINANCIAL, LLC 27 5.00% $16,335
    AMERICAN FINANCING CORPORATION 26 3.36% $12,461
    Plains Commerce Bank 26 4.36% $13,416
    GRANDE HOMES, INC. 26 3.51% $11,710
    HighTechLending Inc 25 4.40% $11,912
    SCENIC OAKS FUNDING, INC. 25 4.84% $14,796
    ENVOY MORTGAGE, LTD 24 4.77% $10,340
    DATA MORTGAGE, INC. 23 4.72% $17,710
    Mid-Continent Funding, Inc. 22 4.80% $15,703
    CUSTOMER SERVICE MORTGAGE CORPORATION 22 4.47% $13,350
    TJC Mortgage, Inc. 21 3.06% $13,844
    Platinum Home Mortgage Corporation 21 5.21% $10,932
    INTERCAP LENDING INC. 20 4.30% $11,690
    First Federal Bank 20 4.40% $18,850
    HOMESIDE FINANCIAL, LLC 19 3.85% $16,241
    Wyndham Capital Mortgage, Inc. 18 3.24% $7,570
    Watermark Capital, Inc. 17 3.73% $10,546
    BECKAM FUNDING CORP. 17 4.38% $24,287
    CHURCHILL MORTGAGE CORPORATION 17 4.97% $16,320
    ONY GLO, INC. 17 4.01% $13,584
    CANOPY MORTGAGE, LLC 17 4.25% $9,104
    San Diego Funding 16 4.66% $28,019
    Northpointe Bank 16 4.35% $14,533
    COASTAL FUNDING SLC, INC. 16 4.57% $14,837
    NBH Bank 16 3.66% $10,606
    First Guaranty Mortgage Corporation 15 3.43% $8,442
    BELEM SERVICING LLC 15 3.23% $14,123
    UNION HOME MORTGAGE CORP. 15 3.44% $9,596
    Sunflower Bank 15 4.41% $9,220
    KD CAPITAL MORTGAGE CORPORATION 14 4.09% $11,815
    M&T Bank 14 3.06% $6,999
    AHL FUNDING 14 4.30% $10,603
    JMAC LENDING, INC. 14 4.99% $18,192
    ML Mortgage Corp. 13 4.61% $16,363
    Prime Choice Funding Inc. 13 3.05% $9,431
    Ameris Bank 13 4.43% $8,420
    DAS Acquisition Company, LLC 13 5.12% $21,325
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 12 4.99% $11,485
    HOME APPROVALS DIRECT, INC. 12 4.31% $13,789
    ZILLOW HOME LOANS, LLC 12 3.56% $8,784
    NP, Inc. 12 3.60% $14,305
    PREMIA MORTGAGE, LLC 12 4.59% $8,873
    TRAVIS CREDIT UNION 12 3.79% $6,303
    Umpqua Bank 12 3.99% $11,637
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 12 4.62% $20,124
    First Savings Bank 11 3.73% $18,578
    Wallick & Volk, Inc. 11 4.58% $8,893
    iCore Lending, Inc. 11 4.36% $15,567
    AMERIFIRST FINANCIAL CORPORATION 11 4.93% $13,629
    CONTOUR MORTGAGE CORPORATION 11 4.42% $17,991
    INFINITY EQUITY GROUP, INC. 11 5.27% $11,983
    CHOICE LENDING CORP. 10 4.66% $17,047
    MEGASTAR FINANCIAL CORP. 10 4.06% $12,562
    Citizens Bank 10 4.60% $12,737
    BEST CAPITAL FUNDING 9 3.67% $13,316
    PACIFIC RESIDENTIAL MORTGAGE, LLC 9 4.28% $14,916
    Bank of England 9 4.04% $12,858
    Credence Funding Corporation 9 2.67% $6,747
    LAND HOME FINANCIAL SERVICES, INC. 9 4.47% $16,128
    ST FIN CORP 9 4.17% $17,608
    CAPSTONE DIRECT, INC. 9 4.04% $11,607
    MICHIGAN MUTUAL, INC. 9 4.47% $13,286
    MORIA DEVELOPMENT, INC. 9 4.72% $23,540
    PREMIER LENDING, INC. 8 4.19% $15,983
    MID AMERICA MORTGAGE, INC. 8 3.88% $4,099
    Meridian Bank Corporation 8 4.28% $11,587
    PANORAMA MORTGAGE GROUP, LLC 8 5.14% $17,195
    Bank of America 8 4.44% $18,412
    NexBank 8 4.05% $14,447
    AMERICAN FINANCIAL RESOURCES, INC. 7 4.82% $16,937
    GUARANTY HOME MORTGAGE CORPORATION 7 3.93% $9,838
    Loan Simple, Inc. 7 4.98% $11,446
    NATIONWIDE MORTGAGE BANKERS, INC. 7 4.36% $18,938
    CENTRAL COAST LENDING, INC. 7 4.08% $13,347
    NOVA FINANCIAL & INVESTMENT CORPORATION 7 4.77% $11,922
    EMBRACE HOME LOANS, INC. 7 3.57% $12,849
    TOP FLITE FINANCIAL, INC. 6 4.88% $27,637
    Mutual Federal Bank 6 4.29% $10,839
    CASTLE & COOKE MORTGAGE, LLC 6 5.56% $18,046
    LEADERONE FINANCIAL CORPORATION 6 4.46% $13,236
    Florida Capital Bank 5 4.90% $7,516
    First Bank 5 4.25% $7,465
    VISION ONE MORTGAGE, INC. 5 5.08% $13,756
    FIRST ALLIANCE HOME MORTGAGE, LLC 5 3.18% $19,736
    THRIVE MORTGAGE, LLC 5 5.68% $11,549
    IMPAC MORTGAGE CORP. 5 3.35% $31,474
    INTELLILOAN, INC. 5 3.52% $8,054
    Neighborhood Loans, Inc. 5 4.78% $12,302
    S&S Financial 5 4.70% $9,115
    ANGEL OAK HOME LOANS LLC 5 5.53% $13,331
    OPEN MORTGAGE, LLC 5 3.98% $15,778
    Summit Mortgage Corporation 4 4.03% $11,797
    EMM LOANS LLC 4 4.38% $11,717
    FirstBank 4 3.15% $5,270
    FIRST CENTENNIAL MORTGAGE CORPORATION 4 5.69% $22,861
    First Mortgage Solutions, LLC 4 3.25% $7,132
    HOME FUNDING CORPORATION 4 3.94% $14,212
    HOMEOWNERS FIRST MORTGAGE, LLC 4 5.12% $10,123
    LENOX FINANCIAL MORTGAGE CORPORATION 4 4.09% $12,943
    LIBERTY HOME MORTGAGE CORPORATION 4 3.66% $15,024
    ON Q FINANCIAL, INC. 4 5.81% $10,901
    RELIANCE FIRST CAPITAL, LLC 4 5.53% $29,674
    SUNSTREET MORTGAGE, LLC 4 3.91% $18,034
    TOWNE MORTGAGE COMPANY 4 4.63% $15,039
    ROYAL UNITED MORTGAGE LLC 3 5.33% $22,810
    AMERICAN INTERNET MORTGAGE, INC. 3 3.38% $3,706
    FIRST COMMUNITY MORTGAGE, INC. 3 4.83% $15,106
    PNC Bank 3 5.13% $13,195
    Peoples Bank 3 4.25% $23,219
    Goldwater Bank, N.A. 3 3.25% $7,005
    MORTGAGE CAPITAL PARTNERS, INC. 3 4.08% $9,944
    VAN DYK MORTGAGE CORPORATION 3 4.21% $15,491
    UNITED MORTGAGE CORP 3 4.96% $19,220
    United Fidelity Funding Corp. 3 4.50% $15,524
    TruHome Solutions, LLC 3 3.21% $24,722
    Zions Bank 3 4.13% $13,317
    ISERVE RESIDENTIAL LENDING, LLC 3 3.63% $18,336
    Banner Bank 3 2.50% $5,749
    The Central Trust Bank 3 3.58% $7,077
    Alaska USA Mortgage Company LLC 3 3.92% $3,630
    Academy Bank 3 4.92% $14,798
    AMERICAN ADVISORS GROUP 3 4.25% $11,011
    NuVision Federal Credit Union 2 4.13% $19,089
    LOANFLIGHT LENDING, LLC 2 2.69% $2,736
    LHM FINANCIAL CORPORATION 2 4.13% $19,902
    LENDING 3, INC. 2 7.00% $29,803
    Willamette Valley Bank 2 3.31% $10,154
    HomePromise Corporation 2 5.56% $16,132
    GoPrime Mortgage, Inc. 2 4.63% $18,058
    PHH Mortgage Corporation 2 4.13% $13,092
    GOLDEN WEST ALLIANCE, INC. 2 3.94% $22,920
    FLAT BRANCH MORTGAGE, INC. 2 3.63% $11,440
    First Western Trust Bank 2 6.50% $15,964
    First Home Bank 2 2.69% $11,028
    First Federal Bank of Kansas City 2 3.13% $12,951
    Financial Funding Solutions, Inc. 2 3.25% $5,806
    FEDERATED MORTGAGE CORP. 2 2.69% $8,290
    RANLIFE, INC. 2 4.44% $32,392
    Evolve Bank & Trust 2 2.81% $26,116
    DIRECTORS MORTGAGE, INC. 2 6.13% $20,472
    DIRECTIONS EQUITY, LLC 2 6.25% $5,392
    Service Federal Credit Union 2 4.31% $11,323
    Citibank 2 5.00% $13,833
    SUCCESS MORTGAGE PARTNERS, INC. 2 5.56% $15,808
    Capital Bank 2 4.31% $5,325
    CALCULATED RISK ANALYTICS LLC 2 4.19% $17,983
    T2 FINANCIAL LLC 2 6.00% $5,541
    The Home Loan Expert LLC 2 3.75% $18,540
    Bank of the West 2 4.75% $32,517
    AmeriHome Mortgage Company, LLC 2 5.43% $14,377
    V.I.P. MORTGAGE, INC. 2 6.25% $5,280
    Waterstone Mortgage Corporation 2 4.63% $4,040
    NATIONS RELIABLE LENDING, LLC 2 3.25% $12,863
    Extraco Banks 1 5.00% $62,065
    Residential Mortgage Solutions, Inc. 1 6.25% $15,923
    Valley First Credit Union 1 6.13% $4,586
    EVANSVILLE TEACHERS 1 6.75% $7,918
    HOMESTEAD FUNDING CORP. 1 5.00% $2,805
    NEW WEST LENDING, INC. 1 3.63% $9,167
    DIRECT MORTGAGE, CORP. 1 4.88% $20,132
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 5.25% $3,511
    DEL SUR CORPORATION 1 3.38% $33,281
    American Mortgage & Equity Consultants, Inc. 1 6.75% $21,455
    Servion, Inc. 1 4.50% $3,477
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.25% $14,771
    Community First National Bank 1 5.63% $5,727
    SIRVA MORTGAGE, INC. 1 5.88% $26,216
    SIWELL, INC. 1 3.25% $2,732
    SNAPFI, INC. 1 4.75% $15,557
    Colonial Savings, F.A. 1 3.00% $27,818
    SOUTHWEST STAGE FUNDING, LLC 1 5.63% $11,509
    COASTHILLS 1 3.13% $11,296
    CITYWIDE HOME LOANS, LLC 1 3.63% $23,106
    STEARNS LENDING, LLC 1 2.88% $15,854
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.50% $2,868
    MANN FINANCIAL INC. 1 6.25% $155,972
    Lend Smart Mortgage, LLC 1 4.25% $4,567
    AMERICAN HOME LENDING USA, LLC 1 2.75% $13,788
    HomeStreet Bank 1 4.13% $8,769
    SUN AMERICAN MORTGAGE COMPANY 1 4.38% $12,892
    CAMPOS FINANCIAL CORP. 1 4.75% $16,305
    OAKTREE FUNDING CORP. 1 2.50% $12,232
    MANHATTAN FINANCIAL GROUP, INC. 1 2.88% $1,890
    MONARCH FUNDING CORP. 1 5.25% $4,008
    TBI MORTGAGE COMPANY 1 2.88% $2,725
    BOKF 1 3.00% $5,519
    MERCO Credit Union 1 5.13% $5,789
    BLUELEAF LENDING, LLC 1 4.88% $31,464
    ALLIED MORTGAGE GROUP, INC. 1 5.88% $18,221
    THE MORTGAGE FIRM, INC. 1 3.25% $10,238
    BETTER MORTGAGE CORPORATION 1 5.00% $5,581
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.25% $27,783
    INLAND BANK & TRUST 1 4.75% $16,219
    Ixonia Bank 1 5.25% $22,142
    Town Square Mortgage & Investments, Inc. 1 4.38% $17,875
    West Town Bank & Trust 1 4.63% $16,028
    Paramount Bank 1 2.75% $35,398
    GREENSTATE CREDIT UNION 1 6.63% $10,193
    PARTNERS UNITED FINANCIAL, LLC 1 5.13% $6,317
    JAMES B. NUTTER & COMPANY 1 4.75% $7,032
    HAMILTON HOME LOANS, INC. 1 2.99% $4,592
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.25% $27,757
    Truist 1 4.00% $3,445
    PINNACLE LENDING GROUP, INC. 1 3.88% $7,998
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 2.50% $7,183
    Aurora Financial, LLC 1 4.25% $2,294
    JET DIRECT FUNDING CORP 1 3.13% $2,956
    First State Bank of St. Charles, Missouri 1 2.75% $26,564
    PLUS RELOCATION MORTGAGE, LLC 1 6.75% $49,008
    HOME MORTGAGE ALLIANCE, LLC 1 2.88% $17,100
    First Option Mortgage, LLC 1 4.88% $3,354
    First Internet Bank of Indiana 1 5.63% $5,600
    KELLER MORTGAGE, LLC 1 3.63% $18,764
    First Heritage Mortgage, LLC 1 4.99% $5,916
    Arvest Bank 1 4.88% $5,337
    PACIFIC HOME LOANS, INC. 1 3.75% $7,920
    First Bank 1 6.25% $17,254
    University Bank 1 6.00% $6,340
    AMWEST FUNDING CORP. 1 3.13% $483,718
    MORTGAGE EXPRESS, LLC 1 4.75% $17,761
    Alerus Financial 1 6.50% $33,938

    The top California VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 6,178 VA loans originated. Their average total fees are $12,861, which is $701 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee California VA lenders (with over 10 loans originated) are TRAVIS CREDIT UNION ($6,303), Lakeview Community Capital, LLC ($6,550), FRONTWAVE ($6,607), CHERRY CREEK MORTGAGE, LLC ($6,673) and M&T Bank ($6,999).

    The lowest rate California VA lenders (with over 10 loans originated) are Prime Choice Funding Inc. (3.05%), TJC Mortgage, Inc. (3.06%), M&T Bank (3.06%), LAKEVIEW LOAN SERVICING, LLC (3.18%) and Lakeview Community Capital, LLC (3.21%).

    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.