Bellingham VA Loan Rates, Closing Costs & Stats

BELLINGHAM, WA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Bellingham's 50 lenders originated 242 VA loans during 2024. The total origination value was $125,690,000, with an average VA loan value of $519,380.

    Bellingham VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bellingham averaged 6.83% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Bellingham's average VA mortgage closing costs are $7,886.

    The average rate for the prior week (2025-07-04) was 6.54% and one month ago for the week of 2025-06-06, the average rate was 7.11%.

    The average rate one year ago was 7.03%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.27%.

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

    Bellingham 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 Bellingham level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 30 6.09% $9,954
    UNITED WHOLESALE MORTGAGE, LLC 22 5.70% $9,843
    MOVEMENT MORTGAGE, LLC 17 6.31% $10,732
    PENNYMAC LOAN SERVICES, LLC 16 5.75% $10,696
    QUICKEN LOANS, LLC 13 5.86% $9,005
    FREEDOM MORTGAGE CORPORATION 10 5.81% $8,406
    USAA Federal Savings Bank 9 6.26% $15,621
    CROSSCOUNTRY MORTGAGE, LLC 9 6.32% $9,320
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 9 6.67% $22,098
    NEWREZ LLC 7 5.93% $10,372
    WHATCOM EDUCATIONAL CREDIT UNION 7 5.95% $10,560
    GUILD MORTGAGE COMPANY 6 6.08% $15,865
    CANOPY MORTGAGE, LLC 5 6.68% $17,614
    LOANDEPOT.COM, LLC 5 5.75% $15,668
    NAVY FEDERAL CREDIT UNION 5 5.78% $3,767
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.16% $8,078
    CMG MORTGAGE, INC. 4 5.94% $13,082
    The Federal Savings Bank 4 6.13% $22,369
    First Federal Bank 3 5.38% $5,635
    VILLAGE CAPITAL MORTGAGE 3 5.29% $5,419
    BAY EQUITY LLC 3 6.75% $4,024
    GUARANTEED RATE AFFINITY, LLC 3 6.40% $5,989
    Banner Bank 2 6.00% $10,846
    NBKC BANK 2 5.38% $24,107
    Peoples Bank 2 6.31% $9,167
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 6.94% $3,193
    NEW DAY FINANCIAL, LLC 2 7.75% $16,625
    HOMEAMERICAN MORTGAGE CORPORATION 2 4.00% $2,081
    LEADERONE FINANCIAL CORPORATION 2 6.69% $5,510
    KeyBank 1 6.00% $11,965
    ALLIANT CREDIT UNION 1 5.75% $9,448
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $19,613
    Axos Bank 1 6.13% $17,369
    BROKER SOLUTIONS, INC. 1 6.75% $12,055
    Century Mortgage Company DBA Century Lending Company 1 5.75% $4,659
    CORNERSTONE HOME LENDING, INC. 1 6.25% $0
    ENVOY MORTGAGE, LTD 1 5.63% $13,098
    FIRST COLONY MORTGAGE CORPORATION 1 5.75% $14,643
    Flagstar Bank, FSB 1 6.63% $21,844
    GoPrime Mortgage, Inc. 1 6.25% $7,937
    HOMESIDE FINANCIAL, LLC 1 6.13% $61,749
    INTERCAP LENDING INC. 1 5.50% $6,959
    1st Security Bank of Washington 1 5.50% $10,687
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.49% $16,636
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    NATIONS DIRECT MORTGAGE, LLC 1 5.25% $6,274
    The Loan Store, Inc. 1 6.00% $11,457
    TJC Mortgage, Inc. 1 6.63% $11,473
    U.S. Bank 1 6.50% $3,831
    Wells Fargo Bank 1 6.88% $3,742

    The top Bellingham VA lender as defined by loan originations is Mortgage Research Center, LLC, with 30 VA loans originated. Their average total fees are $9,954, which is $111 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Bellingham VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($8,406), QUICKEN LOANS, LLC ($9,005), UNITED WHOLESALE MORTGAGE, LLC ($9,843), Mortgage Research Center, LLC ($9,954) and PENNYMAC LOAN SERVICES, LLC ($10,696).

    The lowest rate Bellingham VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.70%), PENNYMAC LOAN SERVICES, LLC (5.75%), FREEDOM MORTGAGE CORPORATION (5.81%), QUICKEN LOANS, LLC (5.86%) and Mortgage Research Center, LLC (6.09%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bellingham (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 $422,894 (7.1%) $517,958 (-4.8%) 1.57 457
    2018-02-01 $427,916 (9.4%) $494,876 (-9.3%) 1.55 441
    2018-03-01 $425,000 (7.9%) $500,109 (-8.3%) 1.49 450
    2018-04-01 $439,475 (10.1%) $512,710 (-5.1%) 1.49 478
    2018-05-01 $444,925 (11.5%) $528,770 (-0.6%) 1.49 532
    2018-06-01 $445,000 (11.5%) $538,100 (1.7%) 1.48 591
    2018-07-01 $440,500 (3.9%) $533,668 (-0.8%) 1.47 630
    2018-08-01 $421,000 (0.4%) $522,524 (-3.0%) 1.41 666
    2018-09-01 $429,000 (4.9%) $531,273 (-0.2%) 1.44 663
    2018-10-01 $429,675 (2.5%) $561,683 (7.1%) 1.46 655
    2018-11-01 $419,125 (1.2%) $554,843 (7.5%) 1.42 632
    2018-12-01 $414,900 (1.2%) $554,611 (9.1%) 1.43 577
    2019-01-01 $414,950 (-1.9%) $559,550 (8.0%) 1.43 504
    2019-02-01 $427,500 (-0.1%) $568,775 (14.9%) 1.44 502
    2019-03-01 $425,671 (0.2%) $563,976 (12.8%) 1.39 526
    2019-04-01 $425,171 (-3.3%) $559,811 (9.2%) 1.35 562
    2019-05-01 $444,675 (-0.1%) $570,850 (8.0%) 1.39 612
    2019-06-01 $450,000 (1.1%) $572,570 (6.4%) 1.41 679
    2019-07-01 $448,487 (1.8%) $565,867 (6.0%) 1.40 723
    2019-08-01 $447,545 (6.3%) $558,671 (6.9%) 1.42 781
    2019-09-01 $448,364 (4.5%) $558,859 (5.2%) 1.43 840
    2019-10-01 $448,909 (4.5%) $558,481 (-0.6%) 1.45 871
    2019-11-01 $449,950 (7.4%) $556,269 (0.3%) 1.48 793
    2019-12-01 $437,250 (5.4%) $547,773 (-1.2%) 1.46 662
    2020-01-01 $444,675 (7.2%) $571,874 (2.2%) 1.49 543
    2020-02-01 $448,000 (4.8%) $556,400 (-2.2%) 1.47 522
    2020-03-01 $445,000 (4.5%) $554,564 (-1.7%) 1.40 573
    2020-04-01 $439,450 (3.4%) $549,065 (-1.9%) 1.38 622
    2020-05-01 $439,900 (-1.1%) $548,392 (-3.9%) 1.34 660
    2020-06-01 $454,500 (1.0%) $573,392 (0.1%) 1.34 687
    2020-07-01 $464,950 (3.7%) $595,001 (5.2%) 1.35 680
    2020-08-01 $468,750 (4.7%) $588,022 (5.3%) 1.34 620
    2020-09-01 $460,425 (2.7%) $581,272 (4.0%) 1.32 565
    2020-10-01 $465,000 (3.6%) $602,693 (7.9%) 1.33 526
    2020-11-01 $444,950 (-1.1%) $598,974 (7.7%) 1.30 346
    2020-12-01 $444,975 (1.8%) $588,546 (7.4%) 1.32 309
    2021-01-01 $426,000 (-4.2%) $603,751 (5.6%) 1.27 249
    2021-02-01 $435,000 (-2.9%) $628,372 (12.9%) 1.27 254
    2021-03-01 $474,475 (6.6%) $666,014 (20.1%) 1.35 253
    2021-04-01 $494,500 (12.5%) $675,563 (23.0%) 1.34 244
    2021-05-01 $525,000 (19.4%) $713,375 (30.1%) 1.39 269
    2021-06-01 $543,750 (19.6%) $742,078 (29.4%) 1.43 292
    2021-07-01 $579,500 (24.6%) $805,577 (35.4%) 1.53 268
    2021-08-01 $600,000 (28.0%) $825,561 (40.4%) 1.60 283
    2021-09-01 $612,500 (33.0%) $821,753 (41.4%) 1.63 279
    2021-10-01 $599,900 (29.0%) $806,732 (33.9%) 1.60 276
    2021-11-01 $599,825 (34.8%) $809,161 (35.1%) 1.60 233
    2021-12-01 $599,450 (34.7%) $826,450 (40.4%) 1.62 161
    2022-01-01 $585,000 (37.3%) $886,385 (46.8%) 1.58 120
    2022-02-01 $662,494 (52.3%) $959,469 (52.7%) 1.72 126
    2022-03-01 $646,825 (36.3%) $919,265 (38.0%) 1.62 163
    2022-04-01 $649,000 (31.2%) $855,378 (26.6%) 1.55 214
    2022-05-01 $697,000 (32.8%) $873,039 (22.4%) 1.59 299
    2022-06-01 $674,375 (24.0%) $832,217 (12.2%) 1.50 426
    2022-07-01 $647,000 (11.7%) $797,970 (-0.9%) 1.46 585
    2022-08-01 $646,000 (7.7%) $807,622 (-2.2%) 1.49 624
    2022-09-01 $637,125 (4.0%) $814,152 (-0.9%) 1.49 602
    2022-10-01 $638,975 (6.5%) $818,858 (1.5%) 1.50 584
    2022-11-01 $630,500 (5.1%) $826,388 (2.1%) 1.52 541
    2022-12-01 $618,000 (3.1%) $818,528 (-1.0%) 1.53 460
    2023-01-01 $609,987 (4.3%) $824,614 (-7.0%) 1.51 366
    2023-02-01 $599,000 (-9.6%) $799,626 (-16.7%) 1.45 366
    2023-03-01 $621,000 (-4.0%) $816,964 (-11.1%) 1.46 378
    2023-04-01 $650,000 (0.2%) $847,225 (-1.0%) 1.51 375
    2023-05-01 $672,000 (-3.6%) $863,492 (-1.1%) 1.52 456
    2023-06-01 $652,274 (-3.3%) $833,365 (0.1%) 1.47 503
    2023-07-01 $659,925 (2.0%) $843,914 (5.8%) 1.50 499
    2023-08-01 $686,975 (6.3%) $876,804 (8.6%) 1.58 525
    2023-09-01 $698,900 (9.7%) $888,539 (9.1%) 1.63 498
    2023-10-01 $699,000 (9.4%) $915,437 (11.8%) 1.64 493
    2023-11-01 $698,500 (10.8%) $924,235 (11.8%) 1.66 491
    2023-12-01 $688,944 (11.5%) $932,752 (14.0%) 1.68 398
    2024-01-01 $698,750 (14.6%) $950,586 (15.3%) 1.71 317
    2024-02-01 $697,475 (16.4%) $965,286 (20.7%) 1.68 296
    2024-03-01 $725,000 (16.8%) $984,179 (20.5%) 1.71 297
    2024-04-01 $723,500 (11.3%) $974,252 (15.0%) 1.68 379
    2024-05-01 $698,375 (3.9%) $948,588 (9.9%) 1.59 471
    2024-06-01 $699,995 (7.3%) $951,965 (14.2%) 1.59 502
    2024-07-01 $697,450 (5.7%) $894,968 (6.1%) 1.60 615
    2024-08-01 $687,000 (0.0%) $875,578 (-0.1%) 1.60 646
    2024-09-01 $686,500 (-1.8%) $861,160 (-3.1%) 1.62 641
    2024-10-01 $692,450 (-0.9%) $857,955 (-6.3%) 1.63 630
    2024-11-01 $679,000 (-2.8%) $842,571 (-8.8%) 1.63 576
    2024-12-01 $656,750 (-4.7%) $815,006 (-12.6%) 1.63 491
    2025-01-01 $650,000 (-7.0%) $794,368 (-16.4%) 1.62 413
    2025-02-01 $648,000 (-7.1%) $794,158 (-17.7%) 1.57 442
    2025-03-01 $676,000 (-6.8%) $851,093 (-13.5%) 1.59 488
    2025-04-01 $690,000 (-4.6%) $856,528 (-12.1%) 1.60 606
    2025-05-01 $699,000 (0.1%) $885,155 (-6.7%) 1.59 759
    2025-06-01 $701,225 (0.2%) $887,091 (-6.8%) 1.59 835
    Bellingham's median listing price for 2025-06-01 was $701,225, a difference of $1,230 (0.2%) versus the prior year and $2,225 versus the prior month.

    Bellingham's median listing price comes in at 159% of the national average.

    Bellingham's average listing price for 2025-06-01 was $887,091, a difference of $-64,874 (-6.8%) versus the prior year and $1,936 versus the prior month.

    For the 2025-06-01 period, Bellingham had 835 MLS listings, a difference of 76 listings (10%) versus the prior month and 333 listings (66%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bellingham (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 81 days 1,908 sqft
    2018-02-01 75 days 1,929 sqft
    2018-03-01 47 days 1,890 sqft
    2018-04-01 41 days 1,899 sqft
    2018-05-01 37 days 1,936 sqft
    2018-06-01 37 days 1,956 sqft
    2018-07-01 42 days 1,940 sqft
    2018-08-01 40 days 1,836 sqft
    2018-09-01 49 days 1,866 sqft
    2018-10-01 53 days 1,948 sqft
    2018-11-01 57 days 1,908 sqft
    2018-12-01 71 days 1,847 sqft
    2019-01-01 72 days 1,820 sqft
    2019-02-01 64 days 1,901 sqft
    2019-03-01 54 days 1,864 sqft
    2019-04-01 43 days 1,810 sqft
    2019-05-01 39 days 1,870 sqft
    2019-06-01 40 days 1,920 sqft
    2019-07-01 44 days 1,917 sqft
    2019-08-01 48 days 1,903 sqft
    2019-09-01 53 days 1,897 sqft
    2019-10-01 57 days 1,893 sqft
    2019-11-01 64 days 1,904 sqft
    2019-12-01 77 days 1,837 sqft
    2020-01-01 92 days 1,835 sqft
    2020-02-01 87 days 1,821 sqft
    2020-03-01 41 days 1,832 sqft
    2020-04-01 41 days 1,779 sqft
    2020-05-01 54 days 1,807 sqft
    2020-06-01 56 days 1,815 sqft
    2020-07-01 46 days 1,848 sqft
    2020-08-01 45 days 1,837 sqft
    2020-09-01 44 days 1,764 sqft
    2020-10-01 44 days 1,785 sqft
    2020-11-01 57 days 1,715 sqft
    2020-12-01 67 days 1,633 sqft
    2021-01-01 77 days 1,565 sqft
    2021-02-01 54 days 1,592 sqft
    2021-03-01 39 days 1,662 sqft
    2021-04-01 36 days 1,647 sqft
    2021-05-01 28 days 1,744 sqft
    2021-06-01 28 days 1,790 sqft
    2021-07-01 33 days 1,832 sqft
    2021-08-01 30 days 1,880 sqft
    2021-09-01 35 days 1,882 sqft
    2021-10-01 34 days 1,882 sqft
    2021-11-01 39 days 1,889 sqft
    2021-12-01 51 days 1,858 sqft
    2022-01-01 46 days 1,712 sqft
    2022-02-01 29 days 1,940 sqft
    2022-03-01 23 days 1,863 sqft
    2022-04-01 22 days 1,857 sqft
    2022-05-01 22 days 1,903 sqft
    2022-06-01 23 days 1,852 sqft
    2022-07-01 27 days 1,830 sqft
    2022-08-01 36 days 1,872 sqft
    2022-09-01 44 days 1,877 sqft
    2022-10-01 46 days 1,904 sqft
    2022-11-01 58 days 1,910 sqft
    2022-12-01 65 days 1,892 sqft
    2023-01-01 79 days 1,870 sqft
    2023-02-01 76 days 1,817 sqft
    2023-03-01 46 days 1,872 sqft
    2023-04-01 44 days 1,864 sqft
    2023-05-01 37 days 1,990 sqft
    2023-06-01 39 days 1,921 sqft
    2023-07-01 44 days 1,951 sqft
    2023-08-01 43 days 1,946 sqft
    2023-09-01 49 days 1,979 sqft
    2023-10-01 50 days 1,996 sqft
    2023-11-01 56 days 1,977 sqft
    2023-12-01 71 days 1,969 sqft
    2024-01-01 86 days 1,967 sqft
    2024-02-01 73 days 1,960 sqft
    2024-03-01 44 days 1,922 sqft
    2024-04-01 32 days 1,914 sqft
    2024-05-01 30 days 1,916 sqft
    2024-06-01 36 days 1,866 sqft
    2024-07-01 35 days 1,850 sqft
    2024-08-01 40 days 1,808 sqft
    2024-09-01 51 days 1,857 sqft
    2024-10-01 59 days 1,892 sqft
    2024-11-01 60 days 1,826 sqft
    2024-12-01 69 days 1,778 sqft
    2025-01-01 81 days 1,770 sqft
    2025-02-01 59 days 1,783 sqft
    2025-03-01 44 days 1,846 sqft
    2025-04-01 37 days 1,868 sqft
    2025-05-01 36 days 1,908 sqft
    2025-06-01 44 days 1,913 sqft
    Bellingham's median listing age (time on market) for 2025-06-01 was 44 days. This is 21% longer than the same period one year ago.

    Bellingham's median square footage for active listings during the 2025-06-01 period was 1,913 sqft. One year prior, the average listing was 1,866 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.