Bellingham VA Loan Rates, Closing Costs & Stats

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 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 49 lenders originated 185 VA loans during 2023. The total origination value was $91,355,000, with an average VA loan value of $493,811.

Bellingham VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Bellingham averaged 6.78% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Bellingham's average VA mortgage closing costs are $7,620.

The average rate for the prior week (2024-04-05) was 6.72% and one month ago for the week of 2024-03-08, the average rate was 6.46%.

The average rate one year ago was 6.25%.

For refis of the same type during the week of 2024-04-12, the average rate was 7.01%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 22 6.72% $8,681
UNITED WHOLESALE MORTGAGE, LLC 15 6.09% $12,958
MOVEMENT MORTGAGE, LLC 13 6.81% $12,569
CROSSCOUNTRY MORTGAGE, LLC 13 6.38% $9,652
GUILD MORTGAGE COMPANY 12 6.69% $8,690
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 9 6.58% $14,538
NAVY FEDERAL CREDIT UNION 7 5.73% $11,812
PENNYMAC LOAN SERVICES, LLC 7 5.91% $8,559
QUICKEN LOANS, LLC 7 6.12% $10,689
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.46% $6,814
LOANDEPOT.COM, LLC 6 6.21% $17,340
LEADERONE FINANCIAL CORPORATION 6 6.69% $15,471
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.30% $11,171
CMG MORTGAGE, INC. 4 6.44% $15,014
CANOPY MORTGAGE, LLC 3 6.50% $15,296
USAA Federal Savings Bank 3 6.46% $10,980
FREEDOM MORTGAGE CORPORATION 3 6.58% $40,991
Boeing Employees Credit Union 2 6.63% $4,349
First Federal Bank 2 6.06% $2,494
GUARANTEED RATE, INC. 2 5.63% $4,810
INSPIRE HOME LOANS INC. 2 6.13% $7,248
NEW DAY FINANCIAL, LLC 2 6.74% $18,731
U.S. Bank 2 5.88% $4,247
Equity Prime Mortgage LLC 1 7.75% $6,522
ENVOY MORTGAGE, LTD 1 6.50% $3,441
Wells Fargo Bank 1 5.88% $12,971
JPMorgan Chase Bank 1 6.99% $5,893
LADERA LENDING, INC. 1 5.63% $10,236
CORNERSTONE HOME LENDING, INC. 1 5.63% $18,938
CALCON MUTUAL MORTGAGE LLC 1 6.25% $11,084
BROKER SOLUTIONS, INC. 1 5.75% $10,749
AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $9,654
Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $19,637
BAY EQUITY LLC 1 6.75% $3,940
VILLAGE CAPITAL MORTGAGE 1 6.63% $28,175
NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.25% $5,636
Banner Bank 1 7.13% $5,531
AmeriHome Mortgage Company, LLC 1 5.25% $11,646
RESIDENTIAL BANCORP 1 5.25% $22,443
Sierra Pacific Mortgage Company, Inc. 1 5.99% $12,150
SUMMIT FUNDING, INC. 1 7.25% $11,930
SUN WEST MORTGAGE COMPANY, INC. 1 6.13% $13,166
T2 FINANCIAL LLC 1 5.13% $18,625
The Federal Savings Bank 1 6.75% $29,854
American Mortgage & Equity Consultants, Inc. 1 6.38% $5,760
Flagstar Bank, FSB 1 6.63% $22,723
First Federal Savings and Loan Association of Port Angeles 1 5.25% $11,646
GUARANTEED RATE AFFINITY, LLC 1 5.75% $26,096
AMERICAN FINANCIAL RESOURCES, INC. 1 5.38% $16,338

The top Bellingham VA lender as defined by loan originations is Mortgage Research Center, LLC, with 22 VA loans originated. Their average total fees are $8,681, which is $4,278 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Bellingham VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,681), GUILD MORTGAGE COMPANY ($8,690), CROSSCOUNTRY MORTGAGE, LLC ($9,652), MOVEMENT MORTGAGE, LLC ($12,569) and UNITED WHOLESALE MORTGAGE, LLC ($12,958).

The lowest rate Bellingham VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.09%), CROSSCOUNTRY MORTGAGE, LLC (6.38%), GUILD MORTGAGE COMPANY (6.69%), Mortgage Research Center, LLC (6.72%) and MOVEMENT MORTGAGE, LLC (6.81%).


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 $674,500 (-3.2%) $864,035 (-1.0%) 1.53 455
2023-06-01 $653,388 (-3.1%) $833,781 (0.2%) 1.47 502
2023-07-01 $659,950 (2.0%) $844,365 (5.8%) 1.50 498
2023-08-01 $687,000 (6.4%) $877,265 (8.6%) 1.58 524
2023-09-01 $698,950 (9.7%) $889,047 (9.2%) 1.63 497
2023-10-01 $699,225 (9.4%) $916,060 (11.9%) 1.65 492
2023-11-01 $698,500 (10.8%) $924,888 (11.9%) 1.66 490
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
Bellingham's median listing price for 2024-03-01 was $725,000, a difference of $104,000 (16.8%) versus the prior year and $27,525 versus the prior month.

Bellingham's median listing price comes in at 171% of the national average.

Bellingham's average listing price for 2024-03-01 was $984,179, a difference of $167,215 (20.5%) versus the prior year and $18,893 versus the prior month.

For the 2024-03-01 period, Bellingham had 297 MLS listings, a difference of 1 listings (0%) versus the prior month and -81 listings (-21%) 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 1,896 sqft
2018-04-01 41 days 1,902 sqft
2018-05-01 37 days 1,941 sqft
2018-06-01 37 days 1,960 sqft
2018-07-01 42 days 1,942 sqft
2018-08-01 40 days 1,834 sqft
2018-09-01 49 days 1,862 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 1,914 sqft
2019-08-01 48 days 1,901 sqft
2019-09-01 53 days 1,896 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 1,808 sqft
2020-06-01 56 days 1,815 sqft
2020-07-01 46 days 1,848 sqft
2020-08-01 45 days 1,832 sqft
2020-09-01 44 days 1,759 sqft
2020-10-01 44 days 1,782 sqft
2020-11-01 57 days 1,715 sqft
2020-12-01 67 days 1,633 sqft
2021-01-01 77 days 1,564 sqft
2021-02-01 54 days 1,581 sqft
2021-03-01 39 days 1,641 sqft
2021-04-01 36 days 1,636 sqft
2021-05-01 28 days 1,740 sqft
2021-06-01 28 days 1,782 sqft
2021-07-01 33 days 1,827 sqft
2021-08-01 30 days 1,875 sqft
2021-09-01 35 days 1,878 sqft
2021-10-01 34 days 1,875 sqft
2021-11-01 39 days 1,887 sqft
2021-12-01 51 days 1,857 sqft
2022-01-01 46 days 1,712 sqft
2022-02-01 29 days 1,940 sqft
2022-03-01 23 days 1,874 sqft
2022-04-01 22 days 1,862 sqft
2022-05-01 22 days 1,905 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 1,823 sqft
2023-03-01 46 days 1,872 sqft
2023-04-01 44 days 1,864 sqft
2023-05-01 37 days 1,996 sqft
2023-06-01 39 days 1,928 sqft
2023-07-01 44 days 1,953 sqft
2023-08-01 42 days 1,948 sqft
2023-09-01 48 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 1,965 sqft
2024-02-01 73 days 1,960 sqft
2024-03-01 44 days 1,922 sqft
Bellingham's median listing age (time on market) for 2024-03-01 was 44 days. This is -5% shorter than the same period one year ago.

Bellingham's median square footage for active listings during the 2024-03-01 period was 1,922 sqft. One year prior, the average listing was 1,872 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.