Centralia VA Loan Rates, Closing Costs & Stats

Centralia, 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.

    Centralia's 59 lenders originated 188 VA loans during 2023. The total origination value was $72,020,000, with an average VA loan value of $383,085.

    Centralia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Centralia averaged 6.68% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Centralia's average VA mortgage closing costs are $6,977.

    The average rate for the prior week (2024-07-12) was 6.52% and one month ago for the week of 2024-06-14, the average rate was 6.79%.

    The average rate one year ago was 6.97%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.8%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Centralia 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 Centralia level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 17 6.02% $7,695
    Mortgage Research Center, LLC 16 6.51% $8,790
    QUICKEN LOANS, LLC 12 6.32% $12,379
    SUMMIT FUNDING, INC. 9 6.57% $7,087
    NAVY FEDERAL CREDIT UNION 8 5.83% $7,168
    ACADEMY MORTGAGE CORPORATION 8 6.44% $14,937
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.37% $8,665
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 7 6.88% $12,090
    CROSSCOUNTRY MORTGAGE, LLC 6 6.58% $10,304
    FREEDOM MORTGAGE CORPORATION 6 5.90% $15,781
    Northpointe Bank 5 6.63% $9,325
    LOANDEPOT.COM, LLC 4 6.15% $22,984
    PENNYMAC LOAN SERVICES, LLC 4 5.50% $16,018
    NEWREZ LLC 4 6.38% $14,299
    MOVEMENT MORTGAGE, LLC 4 6.88% $12,485
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.75% $4,151
    CMG MORTGAGE, INC. 3 6.13% $13,320
    NOVA FINANCIAL & INVESTMENT CORPORATION 3 6.17% $3,715
    BAY EQUITY LLC 3 6.83% $7,317
    GUILD MORTGAGE COMPANY 3 6.54% $13,415
    MANN FINANCIAL INC. 3 6.50% $6,872
    The Federal Savings Bank 3 6.58% $16,110
    MASON MCDUFFIE MORTGAGE CORPORATION 2 6.75% $25,783
    CARDINAL FINANCIAL 2 7.00% $22,071
    U.S. Bank 2 5.75% $2,032
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.63% $6,138
    AMERISAVE MORTGAGE CORPORATION 2 5.81% $21,490
    SeaTrust Mortgage Company 1 7.88% $9,545
    SUN WEST MORTGAGE COMPANY, INC. 1 6.12% $3,256
    UNION HOME MORTGAGE CORP. 1 6.88% $29,760
    USAA Federal Savings Bank 1 6.38% $2,321
    VILLAGE CAPITAL MORTGAGE 1 5.38% $36,209
    V.I.P. MORTGAGE, INC. 1 6.00% $12,809
    Alaska USA Federal Credit Union 1 6.75% $0
    AMERICAN FINANCIAL NETWORK, INC. 1 5.25% $900
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $20,292
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $20,570
    Armed Forces Bank 1 5.75% $8,719
    BROKER SOLUTIONS, INC. 1 5.75% $7,988
    CALIBER HOME LOANS, INC. 1 3.75% $7,762
    CONTOUR MORTGAGE CORPORATION 1 7.50% $12,276
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.13% $12,337
    Equity Prime Mortgage LLC 1 7.25% $8,913
    Flagstar Bank, FSB 1 5.50% $0
    Gateway First Bank 1 7.13% $79
    GUARANTEED RATE AFFINITY, LLC 1 6.08% $20,596
    GUARANTEED RATE, INC. 1 6.25% $0
    HomeStreet Bank 1 6.00% $11,947
    MLD MORTGAGE INC. 1 6.75% $4,768
    MORTGAGE EXPRESS, LLC 1 6.63% $3,326
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $28,598
    NATIONS DIRECT MORTGAGE, LLC 1 6.75% $6,018
    NEW DAY FINANCIAL, LLC 1 7.50% $17,061
    NFM, INC. 1 7.25% $3,933
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.63% $7,274
    Paramount Residential Mortgage Group, Inc. 1 7.25% $10,482
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $17,950
    Prosperity Home Mortgage, LLC 1 5.13% $39,455
    SAMMAMISH MORTGAGE COMPANY 1 5.75% $83

    The top Centralia VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 17 VA loans originated. Their average total fees are $7,695, which is $1,096 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Centralia VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($7,695), Mortgage Research Center, LLC ($8,790), QUICKEN LOANS, LLC ($12,379), .

    The lowest rate Centralia VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.02%), QUICKEN LOANS, LLC (6.32%), Mortgage Research Center, LLC (6.51%), .

    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.