Aberdeen VA Loan Rates, Closing Costs & Stats

Aberdeen, WA

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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.

    Aberdeen's 51 lenders originated 150 VA loans during 2023. The total origination value was $53,760,000, with an average VA loan value of $358,400.

    Aberdeen VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Aberdeen averaged 6.84% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Aberdeen's average VA mortgage closing costs are $6,357.

    The average rate for the prior week (2024-11-01) was 6.4% and one month ago for the week of 2024-10-04, the average rate was 5.73%.

    The average rate one year ago was 7.78%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.24%.

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

    Aberdeen 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 Aberdeen level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 26 6.69% $6,032
    ACADEMY MORTGAGE CORPORATION 12 6.67% $11,871
    UNITED WHOLESALE MORTGAGE, LLC 11 6.37% $10,701
    QUICKEN LOANS, LLC 10 6.04% $13,604
    GUILD MORTGAGE COMPANY 8 6.16% $14,844
    The Federal Savings Bank 5 6.18% $19,030
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.16% $10,900
    NAVY FEDERAL CREDIT UNION 4 5.81% $2,163
    CROSSCOUNTRY MORTGAGE, LLC 4 6.84% $16,682
    Equity Prime Mortgage LLC 3 7.08% $9,476
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.46% $3,610
    FREEDOM MORTGAGE CORPORATION 3 6.04% $13,660
    NEWREZ LLC 2 6.94% $15,516
    American Mortgage & Equity Consultants, Inc. 2 7.38% $12,355
    BAY EQUITY LLC 2 6.56% $4,359
    Boeing Employees Credit Union 2 6.50% $2,964
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 7.50% $10,752
    GUARANTEED RATE, INC. 2 6.65% $15,695
    LOANDEPOT.COM, LLC 2 5.94% $19,104
    MOVEMENT MORTGAGE, LLC 2 6.44% $12,059
    NEW DAY FINANCIAL, LLC 2 7.75% $11,210
    PENRITH HOME LOANS LLC 2 5.69% $4,881
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.75% $12,328
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.06% $587
    Strong Home Mortgage, LLC 2 5.44% $7,110
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $2,987
    LADERA LENDING, INC. 1 7.63% $6,183
    Armed Forces Bank 1 6.50% $11,453
    LOANPAL, LLC 1 5.00% $17,044
    MANN FINANCIAL INC. 1 6.00% $9,681
    MORTGAGEONE, INC. 1 7.25% $5,499
    BROKER SOLUTIONS, INC. 1 6.63% $13,809
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $10,857
    SOUND 1 5.63% $1,576
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $10,732
    Barrington Bank & Trust Company, N.A. 1 5.63% $5,653
    NBKC BANK 1 6.63% $6,000
    USAA Federal Savings Bank 1 5.50% $5,890
    1st Security Bank of Washington 1 7.25% $22,932
    Paramount Residential Mortgage Group, Inc. 1 6.13% $18,784
    PENNYMAC LOAN SERVICES, LLC 1 5.13% $7,973
    SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $32,183
    DIRECTORS MORTGAGE, INC. 1 6.25% $8,947
    Credence Funding Corporation 1 6.13% $3,381
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $8,882
    CORNERSTONE HOME LENDING, INC. 1 7.38% $26,112
    First Federal Bank 1 6.13% $3,997
    Flagstar Bank, FSB 1 6.25% $22,738
    CMG MORTGAGE, INC. 1 6.38% $13,935
    AMERICAN FINANCING CORPORATION 1 6.25% $3,512
    CARDINAL FINANCIAL 1 5.75% $8,834

    The top Aberdeen VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $6,032, which is $5,839 lower than the next largest lender, ACADEMY MORTGAGE CORPORATION.

    The lowest fee Aberdeen VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,032), UNITED WHOLESALE MORTGAGE, LLC ($10,701), ACADEMY MORTGAGE CORPORATION ($11,871), QUICKEN LOANS, LLC ($13,604) and .

    The lowest rate Aberdeen VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.04%), UNITED WHOLESALE MORTGAGE, LLC (6.37%), ACADEMY MORTGAGE CORPORATION (6.67%), Mortgage Research Center, LLC (6.69%) and .

    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.