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 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 0.56% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 7.1% and one month ago for the week of 2025-05-16, the average rate was 6.86%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.2%.

    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%).

    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.