Bellingham VA Loans

BELLINGHAM, 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 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%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bellingham level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    CALIBER HOME LOANS, INC. 115 2.58% $7,863
    Umpqua Bank 65 2.66% $8,519
    QUICKEN LOANS, LLC 54 2.43% $8,261
    Mortgage Research Center, LLC 47 2.78% $8,681
    FREEDOM MORTGAGE CORPORATION 44 2.38% $3,752
    PENNYMAC LOAN SERVICES, LLC 31 2.31% $7,079
    NAVY FEDERAL CREDIT UNION 27 2.42% $4,294
    GUILD MORTGAGE COMPANY 23 2.54% $6,229
    Bank of the Pacific 22 2.32% $3,631
    UNITED WHOLESALE MORTGAGE, LLC 19 2.48% $6,519
    HOME POINT FINANCIAL CORPORATION 16 2.40% $6,601
    USAA Federal Savings Bank 15 2.75% $7,392
    NEW DAY FINANCIAL, LLC 15 2.79% $12,295
    HOMEBRIDGE FINANCIAL SERVICES, INC. 14 2.54% $8,067
    LOANDEPOT.COM, LLC 12 2.36% $5,374
    Wells Fargo Bank 12 2.67% $4,767
    Banner Bank 10 2.41% $5,867
    NEWREZ LLC 10 2.65% $4,359
    Mr. Cooper ( Nationstar Mortgage ) 10 2.53% $5,351
    BROKER SOLUTIONS, INC. 10 2.72% $5,968
    LAKEVIEW LOAN SERVICING, LLC 10 2.42% $2,168
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 2.97% $11,237
    Peoples Bank 8 2.45% $4,745
    CROSSCOUNTRY MORTGAGE, LLC 7 2.88% $9,328
    MOVEMENT MORTGAGE, LLC 6 2.98% $8,546
    AMERICAN FINANCIAL NETWORK, INC. 5 2.48% $5,957
    VILLAGE CAPITAL & INVESTMENT LLC 5 2.45% $2,812
    PENTAGON FEDERAL CREDIT UNION 5 2.45% $4,099
    CMG MORTGAGE, INC. 4 2.38% $8,346
    The Federal Savings Bank 4 2.38% $13,313
    NBKC BANK 4 2.47% $2,687
    NATIONS DIRECT MORTGAGE, LLC 4 2.50% $3,943
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 2.78% $5,743
    GUARANTEED RATE, INC. 4 2.25% $3,729
    PLANET HOME LENDING, LLC 4 2.59% $7,356
    Heritage Bank 3 2.67% $9,671
    AMERISAVE MORTGAGE CORPORATION 3 2.54% $9,157
    First Guaranty Mortgage Corporation 3 2.25% $2,857
    Carrington Mortgage Services, LLC 3 2.88% $4,684
    SOVEREIGN LENDING GROUP INCORPORATED 3 2.38% $9,359
    CANOPY MORTGAGE, LLC 3 2.83% $7,027
    AMERICAN FINANCIAL RESOURCES, INC. 3 2.58% $3,397
    NP, Inc. 3 2.42% $2,972
    MUTUAL OF OMAHA MORTGAGE, INC. 3 3.13% $4,617
    CITYWIDE HOME LOANS, LLC 2 2.25% $2,719
    AMERICAN FINANCING CORPORATION 2 2.25% $1,286
    Barrington Bank & Trust Company, N.A. 2 2.69% $10,918
    BAY EQUITY LLC 2 3.06% $9,117
    BNC National Bank 2 2.19% $7,220
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.81% $8,432
    FINANCE OF AMERICA MORTGAGE LLC 2 2.63% $8,985
    Mid-Continent Funding, Inc. 2 2.69% $7,886
    NETWORK CAPITAL FUNDING CORPORATION 2 2.69% $3,652
    North American Savings Bank, F.S.B. 2 2.25% $2,405
    Paramount Residential Mortgage Group, Inc. 2 2.75% $5,613
    SUN WEST MORTGAGE COMPANY, INC. 2 2.50% $4,869
    U.S. Bank 2 2.81% $8,978
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.63% $2,846
    LENDUS, LLC 1 2.25% $4,338
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.63% $21,472
    LEADERONE FINANCIAL CORPORATION 1 2.88% $23,702
    Lakeview Community Capital, LLC 1 2.25% $5,070
    InterContinental Capital Group, Inc 1 2.50% $6,513
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 2.63% $13,347
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 3.13% $2,840
    ENVOY MORTGAGE, LTD 1 2.50% $3,348
    CORNERSTONE HOME LENDING, INC. 1 2.75% $0
    SOUTHWEST STAGE FUNDING, LLC 1 2.75% $3,459
    Columbia State Bank 1 2.75% $3,568
    ACADEMY MORTGAGE CORPORATION 1 2.25% $13,883
    1st Security Bank of Washington 1 3.00% $7,160
    TJC Mortgage, Inc. 1 2.25% $1,551
    Truist Bank 1 2.75% $2,021
    Capital Bank 1 2.25% $2,580
    UNION HOME MORTGAGE CORP. 1 2.25% $1,910
    UNITED MORTGAGE CORP. 1 2.25% $24,712
    BKCO MORTGAGE, LLC 1 2.99% $5,330
    Nations Lending Corporation 1 2.88% $13,300
    Bank of England 1 2.25% $6,614
    Manufacturers and Traders Trust Company 1 2.88% $3,159
    Magnolia Bank 1 3.25% $7,413
    Wyndham Capital Mortgage, Inc. 1 2.50% $1,680

    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. Louis
    Date 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 for 2022-06-01 was $682,000, a difference of $137,000 (25.1%) versus the prior year and $-10,500 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-06-01 was 24 days. This is -29% shorter than the same period one year ago.

    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.

    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.