Bellingham VA Loan Rates, Closing Costs & Stats

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 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 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 6.24% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

    Bellingham's average VA mortgage closing costs are $6,754.

    The average rate for the prior week (2023-01-20) was 6.27% and one month ago for the week of 2022-12-23, the average rate was 6.34%.

    The average rate one year ago was 3.64%.

    For refis of the same type during the week of 2023-01-27, the average rate was 6.07%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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
    Mr. Cooper ( Nationstar Mortgage ) 10 2.53% $5,351
    Banner Bank 10 2.41% $5,867
    LAKEVIEW LOAN SERVICING, LLC 10 2.42% $2,168
    BROKER SOLUTIONS, INC. 10 2.72% $5,968
    NEWREZ LLC 10 2.65% $4,359
    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 MORTGAGE 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 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
    M&T Bank 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 $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 $444,900 (11.5%) $528,075 (-0.7%) 1.49 533
    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%) 1.45 655
    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 (8.1%) 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%) 1.46 522
    2020-03-01 $445,000 (4.5%) $554,564 (-1.7%) 1.39 573
    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%) 1.26 254
    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 $649,385 (36.9%) $920,593 (38.2%) 1.63 164
    2022-04-01 $649,444 (31.3%) $857,302 (26.9%) 1.55 215
    2022-05-01 $697,000 (32.8%) $874,644 (22.6%) 1.59 300
    2022-06-01 $675,000 (24.1%) $833,583 (12.3%) 1.50 427
    2022-07-01 $648,000 (11.8%) $799,113 (-0.8%) 1.47 586
    2022-08-01 $646,500 (7.8%) $808,619 (-2.1%) 1.49 625
    2022-09-01 $637,250 (4.0%) $814,879 (-0.8%) 1.49 603
    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 $609,000 (1.6%) $807,571 (-2.3%) 1.52 469
    Bellingham's median listing price for 2022-12-01 was $609,000, a difference of $9,550 (1.6%) versus the prior year and $-21,500 versus the prior month.

    Bellingham's median listing price comes in at 152% of the national average.

    Bellingham's average listing price for 2022-12-01 was $807,571, a difference of $-18,879 (-2.3%) versus the prior year and $-18,817 versus the prior month.

    For the 2022-12-01 period, Bellingham had 469 MLS listings, a difference of -72 listings (-13%) versus the prior month and 308 listings (191%) 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 91 days 1,908 sqft
    2018-02-01 84 days 1,929 sqft
    2018-03-01 52 days 1,896 sqft
    2018-04-01 44 days 1,902 sqft
    2018-05-01 40 days 1,938 sqft
    2018-06-01 38 days 1,960 sqft
    2018-07-01 44 days 1,940 sqft
    2018-08-01 43 days 1,834 sqft
    2018-09-01 52 days 1,862 sqft
    2018-10-01 58 days 1,948 sqft
    2018-11-01 63 days 1,908 sqft
    2018-12-01 74 days 1,847 sqft
    2019-01-01 78 days 1,820 sqft
    2019-02-01 72 days 1,901 sqft
    2019-03-01 61 days 1,864 sqft
    2019-04-01 46 days 1,810 sqft
    2019-05-01 43 days 1,869 sqft
    2019-06-01 44 days 1,920 sqft
    2019-07-01 47 days 1,911 sqft
    2019-08-01 52 days 1,899 sqft
    2019-09-01 56 days 1,895 sqft
    2019-10-01 60 days 1,893 sqft
    2019-11-01 68 days 1,904 sqft
    2019-12-01 84 days 1,836 sqft
    2020-01-01 100 days 1,832 sqft
    2020-02-01 96 days 1,818 sqft
    2020-03-01 45 days 1,832 sqft
    2020-04-01 45 days 1,779 sqft
    2020-05-01 57 days 1,807 sqft
    2020-06-01 63 days 1,813 sqft
    2020-07-01 52 days 1,847 sqft
    2020-08-01 50 days 1,837 sqft
    2020-09-01 49 days 1,763 sqft
    2020-10-01 52 days 1,782 sqft
    2020-11-01 66 days 1,715 sqft
    2020-12-01 79 days 1,626 sqft
    2021-01-01 93 days 1,560 sqft
    2021-02-01 70 days 1,581 sqft
    2021-03-01 46 days 1,641 sqft
    2021-04-01 41 days 1,629 sqft
    2021-05-01 33 days 1,736 sqft
    2021-06-01 31 days 1,772 sqft
    2021-07-01 34 days 1,821 sqft
    2021-08-01 32 days 1,869 sqft
    2021-09-01 36 days 1,878 sqft
    2021-10-01 35 days 1,875 sqft
    2021-11-01 39 days 1,876 sqft
    2021-12-01 52 days 1,837 sqft
    2022-01-01 50 days 1,701 sqft
    2022-02-01 31 days 1,939 sqft
    2022-03-01 25 days 1,878 sqft
    2022-04-01 23 days 1,867 sqft
    2022-05-01 23 days 1,906 sqft
    2022-06-01 23 days 1,852 sqft
    2022-07-01 28 days 1,830 sqft
    2022-08-01 36 days 1,872 sqft
    2022-09-01 44 days 1,873 sqft
    2022-10-01 46 days 1,904 sqft
    2022-11-01 58 days 1,909 sqft
    2022-12-01 68 days 1,875 sqft
    Bellingham's median listing age (time on market) for 2022-12-01 was 68 days. This is 32% longer than the same period one year ago.

    Bellingham's median square footage for active listings during the 2022-12-01 period was 1,875 sqft. One year prior, the average listing was 1,837 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.