Bellingham VA Loans
BELLINGHAM, WA
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.
Bellingham's 82 lenders originated 796 VA loans during 2021. The total origination value was $308,050,000, with an average VA loan value of $386,997.
Bellingham VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Bellingham
averaged
5.4%
for the week of 2022-08-05, compared to the national average (all VA variants) of
5.013% for the same period.
The average rate for the prior week (2022-07-29) was
5.45% and
one month ago for the week of 2022-07-01, the
average rate was 5.58%.
The average rate one year ago was 3.16%.
For refis of the same type during the week of 2022-08-05, the average rate
was 5.03%.
Bellingham 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 Bellingham level.
The top Bellingham VA lender as defined by loan originations is CALIBER HOME LOANS, INC., with
115 VA loans originated. Their average total fees are
$7,863, which is $656
lower than the next largest lender,
Umpqua Bank.
The lowest fee Bellingham VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,168), Bank of the Pacific ($3,631), FREEDOM MORTGAGE CORPORATION ($3,752), NAVY FEDERAL CREDIT UNION ($4,294) and NEWREZ LLC ($4,359).
The lowest rate Bellingham VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (2.31%), Bank of the Pacific (2.32%), LOANDEPOT.COM, LLC (2.36%), FREEDOM MORTGAGE CORPORATION (2.38%) and HOME POINT FINANCIAL CORPORATION (2.40%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Bellingham (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 | $419,944 (7.1%) | $516,333 (-4.8%) | 1.55 | 459 |
2018-02-01 | $425,000 (9.2%) | $491,602 (-9.1%) | 1.53 | 446 |
2018-03-01 | $425,000 (8.4%) | $498,923 (-7.0%) | 1.47 | 463 |
2018-04-01 | $437,000 (10.6%) | $509,728 (-4.9%) | 1.47 | 488 |
2018-05-01 | $444,950 (12.1%) | $530,279 (0.7%) | 1.48 | 535 |
2018-06-01 | $449,000 (12.5%) | $538,308 (2.5%) | 1.50 | 596 |
2018-07-01 | $437,000 (4.1%) | $531,515 (-1.1%) | 1.46 | 631 |
2018-08-01 | $422,500 (1.3%) | $523,910 (-2.1%) | 1.41 | 663 |
2018-09-01 | $429,000 (4.6%) | $533,600 (0.4%) | 1.43 | 680 |
2018-10-01 | $425,000 (1.4%) | $557,257 (6.3%) | 1.42 | 667 |
2018-11-01 | $419,250 (1.0%) | $551,381 (7.0%) | 1.41 | 642 |
2018-12-01 | $414,900 (0.0%) | $553,389 (8.6%) | 1.42 | 576 |
2019-01-01 | $415,950 (-1.0%) | $559,790 (8.4%) | 1.43 | 503 |
2019-02-01 | $427,000 (0.5%) | $565,661 (15.1%) | 1.43 | 504 |
2019-03-01 | $429,386 (1.0%) | $564,858 (13.2%) | 1.40 | 531 |
2019-04-01 | $432,450 (-1.0%) | $567,291 (11.3%) | 1.36 | 573 |
2019-05-01 | $447,500 (0.6%) | $578,077 (9.0%) | 1.38 | 620 |
2019-06-01 | $450,000 (0.2%) | $573,371 (6.5%) | 1.39 | 680 |
2019-07-01 | $449,475 (2.9%) | $566,532 (6.6%) | 1.40 | 716 |
2019-08-01 | $449,429 (6.4%) | $561,565 (7.2%) | 1.41 | 745 |
2019-09-01 | $449,929 (4.9%) | $561,629 (5.3%) | 1.43 | 764 |
2019-10-01 | $448,000 (5.4%) | $559,041 (0.3%) | 1.43 | 863 |
2019-11-01 | $450,000 (7.3%) | $562,678 (2.1%) | 1.45 | 776 |
2019-12-01 | $439,000 (5.8%) | $549,591 (-0.7%) | 1.46 | 662 |
2020-01-01 | $444,900 (7.0%) | $576,568 (3.0%) | 1.48 | 541 |
2020-02-01 | $449,750 (5.3%) | $565,573 (0.0%) | 1.45 | 511 |
2020-03-01 | $447,000 (4.1%) | $561,702 (-0.6%) | 1.40 | 558 |
2020-04-01 | $441,950 (2.2%) | $551,900 (-2.7%) | 1.38 | 618 |
2020-05-01 | $445,000 (-0.6%) | $547,590 (-5.3%) | 1.35 | 655 |
2020-06-01 | $454,950 (1.1%) | $571,943 (-0.3%) | 1.33 | 677 |
2020-07-01 | $471,975 (5.0%) | $594,547 (5.0%) | 1.35 | 675 |
2020-08-01 | $465,000 (3.5%) | $587,521 (4.6%) | 1.33 | 613 |
2020-09-01 | $459,900 (2.2%) | $579,529 (3.2%) | 1.31 | 558 |
2020-10-01 | $467,500 (4.4%) | $602,698 (7.8%) | 1.34 | 515 |
2020-11-01 | $447,950 (-0.5%) | $596,814 (6.1%) | 1.28 | 341 |
2020-12-01 | $449,500 (2.4%) | $585,324 (6.5%) | 1.32 | 302 |
2021-01-01 | $439,900 (-1.1%) | $604,906 (4.9%) | 1.29 | 243 |
2021-02-01 | $437,450 (-2.7%) | $627,126 (10.9%) | 1.26 | 245 |
2021-03-01 | $474,450 (6.1%) | $643,675 (14.6%) | 1.33 | 240 |
2021-04-01 | $499,450 (13.0%) | $678,259 (22.9%) | 1.34 | 240 |
2021-05-01 | $525,000 (18.0%) | $721,166 (31.7%) | 1.38 | 260 |
2021-06-01 | $545,000 (19.8%) | $744,865 (30.2%) | 1.42 | 288 |
2021-07-01 | $591,950 (25.4%) | $822,420 (38.3%) | 1.54 | 258 |
2021-08-01 | $625,000 (34.4%) | $829,653 (41.2%) | 1.64 | 279 |
2021-09-01 | $624,925 (35.9%) | $837,515 (44.5%) | 1.64 | 270 |
2021-10-01 | $600,000 (28.3%) | $803,688 (33.4%) | 1.58 | 269 |
2021-11-01 | $619,500 (38.3%) | $807,039 (35.2%) | 1.63 | 226 |
2021-12-01 | $599,900 (33.5%) | $823,382 (40.7%) | 1.60 | 154 |
2022-01-01 | $579,900 (31.8%) | $877,449 (45.1%) | 1.55 | 116 |
2022-02-01 | $663,500 (51.7%) | $945,176 (50.7%) | 1.69 | 121 |
2022-03-01 | $649,750 (37.0%) | $917,217 (42.5%) | 1.60 | 157 |
2022-04-01 | $649,950 (30.1%) | $862,110 (27.1%) | 1.53 | 207 |
2022-05-01 | $692,500 (31.9%) | $873,853 (21.2%) | 1.55 | 294 |
2022-06-01 | $682,000 (25.1%) | $835,490 (12.2%) | 1.52 | 420 |
Bellingham's median listing price comes in at 152% of the national average.
Bellingham's average listing price for 2022-06-01 was $835,490, a difference of $90,625 (12.2%) versus the prior year and $-38,363 versus the prior month.
For the 2022-06-01 period, Bellingham had 420 MLS listings, a difference of 126 listings (43%) versus the prior month and 132 listings (46%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bellingham (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 89 days | 1,901 sqft |
2018-02-01 | 83 days | 1,905 sqft |
2018-03-01 | 51 days | 1,870 sqft |
2018-04-01 | 46 days | 1,890 sqft |
2018-05-01 | 41 days | 1,938 sqft |
2018-06-01 | 39 days | 1,960 sqft |
2018-07-01 | 45 days | 1,942 sqft |
2018-08-01 | 44 days | 1,880 sqft |
2018-09-01 | 51 days | 1,870 sqft |
2018-10-01 | 58 days | 1,941 sqft |
2018-11-01 | 61 days | 1,889 sqft |
2018-12-01 | 72 days | 1,826 sqft |
2019-01-01 | 76 days | 1,831 sqft |
2019-02-01 | 69 days | 1,917 sqft |
2019-03-01 | 58 days | 1,880 sqft |
2019-04-01 | 33 days | 1,842 sqft |
2019-05-01 | 42 days | 1,894 sqft |
2019-06-01 | 44 days | 1,920 sqft |
2019-07-01 | 50 days | 1,936 sqft |
2019-08-01 | 52 days | 1,922 sqft |
2019-09-01 | 56 days | 1,924 sqft |
2019-10-01 | 63 days | 1,893 sqft |
2019-11-01 | 70 days | 1,910 sqft |
2019-12-01 | 82 days | 1,839 sqft |
2020-01-01 | 98 days | 1,834 sqft |
2020-02-01 | 98 days | 1,832 sqft |
2020-03-01 | 54 days | 1,836 sqft |
2020-04-01 | 45 days | 1,791 sqft |
2020-05-01 | 56 days | 1,820 sqft |
2020-06-01 | 62 days | 1,825 sqft |
2020-07-01 | 51 days | 1,874 sqft |
2020-08-01 | 51 days | 1,824 sqft |
2020-09-01 | 50 days | 1,780 sqft |
2020-10-01 | 50 days | 1,824 sqft |
2020-11-01 | 63 days | 1,717 sqft |
2020-12-01 | 78 days | 1,636 sqft |
2021-01-01 | 97 days | 1,565 sqft |
2021-02-01 | 74 days | 1,590 sqft |
2021-03-01 | 50 days | 1,635 sqft |
2021-04-01 | 44 days | 1,640 sqft |
2021-05-01 | 35 days | 1,702 sqft |
2021-06-01 | 33 days | 1,762 sqft |
2021-07-01 | 35 days | 1,850 sqft |
2021-08-01 | 36 days | 1,896 sqft |
2021-09-01 | 36 days | 1,939 sqft |
2021-10-01 | 35 days | 1,899 sqft |
2021-11-01 | 40 days | 1,895 sqft |
2021-12-01 | 51 days | 1,860 sqft |
2022-01-01 | 46 days | 1,701 sqft |
2022-02-01 | 31 days | 1,941 sqft |
2022-03-01 | 26 days | 1,868 sqft |
2022-04-01 | 23 days | 1,857 sqft |
2022-05-01 | 23 days | 1,893 sqft |
2022-06-01 | 24 days | 1,862 sqft |
Bellingham's median square footage for active listings during the 2022-06-01 period was 1,862 sqft. One year prior, the average listing was 1,762 sqft.