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 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 6.18% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.51% and one month ago for the week of 2024-11-08, the average rate was 6.71%.

    The average rate one year ago was 6.56%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.81%.

    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
    2024-04-01 $723,500 (11.3%) $974,252 (15.0%) 1.68 379
    2024-05-01 $711,750 (5.5%) $975,993 (13.0%) 1.61 471
    2024-06-01 $715,000 (9.4%) $983,061 (17.9%) 1.61 501
    2024-07-01 $697,450 (5.7%) $894,968 (6.0%) 1.59 615
    2024-08-01 $687,000 (0.0%) $875,578 (-0.2%) 1.60 646
    2024-09-01 $686,500 (-1.8%) $861,160 (-3.1%) 1.62 641
    2024-10-01 $692,450 (-1.0%) $857,955 (-6.3%) 1.63 630
    2024-11-01 $679,000 (-2.8%) $842,571 (-8.9%) 1.63 576
    Bellingham's median listing price for 2024-11-01 was $679,000, a difference of $-19,500 (-2.8%) versus the prior year and $-13,450 versus the prior month.

    Bellingham's median listing price comes in at 163% of the national average.

    Bellingham's average listing price for 2024-11-01 was $842,571, a difference of $-82,317 (-8.9%) versus the prior year and $-15,384 versus the prior month.

    For the 2024-11-01 period, Bellingham had 576 MLS listings, a difference of -54 listings (-9%) versus the prior month and 86 listings (18%) 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
    2024-04-01 32 days 1,914 sqft
    2024-05-01 26 days 1,925 sqft
    2024-06-01 33 days 1,872 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
    Bellingham's median listing age (time on market) for 2024-11-01 was 60 days. This is 7% longer than the same period one year ago.

    Bellingham's median square footage for active listings during the 2024-11-01 period was 1,826 sqft. One year prior, the average listing was 1,977 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.