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 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.