Centralia VA Loan Rates, Closing Costs & Stats

Centralia, 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.

Centralia's 73 lenders originated 315 VA loans during 2022. The total origination value was $119,205,000, with an average VA loan value of $378,429.

Centralia VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Centralia averaged 6.38% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Centralia's average VA mortgage closing costs are $6,645.

The average rate for the prior week (2024-02-23) was 6.61% and one month ago for the week of 2024-01-26, the average rate was 6.04%.

The average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.66%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 42 5.27% $7,905
UNITED WHOLESALE MORTGAGE, LLC 23 4.42% $12,088
ACADEMY MORTGAGE CORPORATION 22 4.60% $12,804
FREEDOM MORTGAGE CORPORATION 19 4.14% $10,931
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 4.73% $9,557
QUICKEN LOANS, LLC 17 3.88% $14,318
CROSSCOUNTRY MORTGAGE, LLC 15 4.92% $9,172
CALIBER HOME LOANS, INC. 12 4.47% $11,680
LOANDEPOT.COM, LLC 11 3.59% $14,983
GUILD MORTGAGE COMPANY 7 4.57% $13,302
AMERISAVE MORTGAGE CORPORATION 7 3.77% $13,395
NAVY FEDERAL CREDIT UNION 6 4.73% $9,547
SUMMIT FUNDING, INC. 6 4.83% $10,382
NEW DAY FINANCIAL, LLC 5 5.27% $12,031
HOME POINT FINANCIAL CORPORATION 5 4.12% $5,880
LAKEVIEW LOAN SERVICING, LLC 4 2.93% $2,377
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 4.91% $9,436
Paramount Residential Mortgage Group, Inc. 4 3.72% $13,252
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 4.75% $9,104
BROKER SOLUTIONS, INC. 3 5.13% $16,930
PENNYMAC LOAN SERVICES, LLC 3 2.38% $8,033
MANN FINANCIAL INC. 3 4.04% $13,432
Equity Prime Mortgage LLC 2 4.75% $4,114
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.00% $10,361
AXIA FINANCIAL, LLC 2 3.88% $16,995
Barrington Bank & Trust Company, N.A. 2 4.30% $7,900
BAY EQUITY LLC 2 4.56% $11,952
BNC National Bank 2 4.13% $6,573
CHURCHILL MORTGAGE CORPORATION 2 5.19% $5,477
1st Security Bank of Washington 2 5.56% $9,730
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 5.75% $9,909
First Home Bank 2 5.44% $19,579
Flagstar Bank, FSB 2 5.00% $8,009
Magnolia Bank 2 3.00% $15,201
MOVEMENT MORTGAGE, LLC 2 3.44% $8,042
Mr. Cooper ( Nationstar Mortgage ) 2 2.88% $5,286
The Federal Savings Bank 2 4.75% $10,441
AMERICAN FINANCIAL RESOURCES, INC. 1 3.88% $7,190
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $0
Meridian Bank Corporation 1 3.25% $10,418
Mid-Continent Funding, Inc. 1 6.25% $11,385
MLD MORTGAGE INC. 1 5.50% $23,216
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.25% $25,539
GUARANTEED RATE, INC. 1 5.68% $6,900
USAA Federal Savings Bank 1 3.88% $7,016
U.S. Bank 1 4.75% $0
NATIONS DIRECT MORTGAGE, LLC 1 5.50% $3,832
Nations Lending Corporation 1 4.25% $13,811
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 4.25% $15,628
FINANCE OF AMERICA MORTGAGE LLC 1 3.75% $0
Northpointe Bank 1 2.50% $18,929
CMG MORTGAGE, INC. 1 4.38% $9,591
Carrington Mortgage Services, LLC 1 2.88% $4,628
PENTAGON FEDERAL CREDIT UNION 1 3.25% $2,126
PLAZA HOME MORTGAGE, INC. 1 5.75% $6,737
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.25% $9,138
CARDINAL FINANCIAL 1 5.25% $3,868
BOKF 1 3.38% $13,053
RANLIFE, INC. 1 2.99% $13,509
RESIDENTIAL BANCORP 1 7.25% $5,965
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $4,076
S1L, Inc. 1 6.75% $25,212
SAMMAMISH MORTGAGE COMPANY 1 4.38% $9,591
SOUTHWEST STAGE FUNDING, LLC 1 5.25% $876
SOVEREIGN LENDING GROUP INCORPORATED 1 3.50% $15,810
Bank of America 1 2.88% $3,519
Sunflower Bank 1 5.13% $16,816
T2 FINANCIAL LLC 1 5.25% $34,327
Wells Fargo Bank 1 4.88% $6,649
JPMorgan Chase Bank 1 5.75% $3,292
INTERCAP LENDING INC. 1 3.00% $2,814
HomeStreet Bank 1 2.88% $15,213
LPMC, LLC 1 3.88% $12,729

The top Centralia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 42 VA loans originated. Their average total fees are $7,905, which is $4,184 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Centralia VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,905), CROSSCOUNTRY MORTGAGE, LLC ($9,172), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,557), FREEDOM MORTGAGE CORPORATION ($10,931) and CALIBER HOME LOANS, INC. ($11,680).

The lowest rate Centralia VA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (3.59%), QUICKEN LOANS, LLC (3.88%), FREEDOM MORTGAGE CORPORATION (4.14%), UNITED WHOLESALE MORTGAGE, LLC (4.42%) and CALIBER HOME LOANS, INC. (4.47%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Centralia (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 $250,000 (30.9%) $324,084 (18.0%) 0.00 222
2018-02-01 $250,350 (22.3%) $327,215 (17.3%) 0.00 197
2018-03-01 $265,000 (21.0%) $333,720 (15.8%) 0.00 182
2018-04-01 $287,475 (19.8%) $351,094 (16.0%) 0.00 177
2018-05-01 $292,475 (17.0%) $347,039 (13.8%) 0.00 191
2018-06-01 $289,450 (14.7%) $340,071 (8.2%) 0.00 232
2018-07-01 $299,500 (19.9%) $352,802 (12.8%) 0.00 245
2018-08-01 $297,200 (18.9%) $345,225 (10.3%) 0.00 282
2018-09-01 $299,000 (19.6%) $341,470 (10.2%) 0.00 302
2018-10-01 $299,250 (20.2%) $343,781 (13.1%) 0.00 296
2018-11-01 $299,000 (19.6%) $346,281 (10.0%) 0.00 289
2018-12-01 $314,900 (26.0%) $368,393 (17.0%) 0.00 245
2019-01-01 $321,250 (28.5%) $379,863 (17.2%) 0.00 200
2019-02-01 $315,000 (25.8%) $371,656 (13.6%) 0.00 200
2019-03-01 $314,171 (18.6%) $359,424 (7.7%) 0.00 203
2019-04-01 $308,584 (7.3%) $353,951 (0.8%) 0.00 186
2019-05-01 $308,675 (5.5%) $354,552 (2.2%) 0.00 194
2019-06-01 $312,472 (8.0%) $354,493 (4.2%) 0.00 216
2019-07-01 $319,000 (6.5%) $364,756 (3.4%) 0.00 234
2019-08-01 $316,273 (6.4%) $367,084 (6.3%) 0.00 255
2019-09-01 $312,182 (4.4%) $363,601 (6.5%) 0.00 269
2019-10-01 $309,455 (3.4%) $361,279 (5.1%) 0.00 279
2019-11-01 $309,000 (3.3%) $358,218 (3.5%) 0.00 271
2019-12-01 $299,950 (-4.8%) $363,234 (-1.4%) 0.00 231
2020-01-01 $312,400 (-2.8%) $386,583 (1.8%) 0.00 224
2020-02-01 $317,900 (0.9%) $378,725 (1.9%) 0.00 223
2020-03-01 $313,225 (-0.3%) $378,952 (5.4%) 0.00 232
2020-04-01 $326,125 (5.7%) $384,492 (8.6%) 0.00 235
2020-05-01 $329,900 (6.9%) $396,930 (12.0%) 0.00 232
2020-06-01 $334,500 (7.1%) $401,604 (13.3%) 0.00 221
2020-07-01 $337,000 (5.6%) $399,479 (9.5%) 0.00 230
2020-08-01 $349,800 (10.6%) $415,097 (13.1%) 0.00 222
2020-09-01 $330,000 (5.7%) $410,932 (13.0%) 0.00 233
2020-10-01 $339,900 (9.8%) $422,429 (16.9%) 0.00 222
2020-11-01 $342,225 (10.8%) $436,652 (21.9%) 0.00 136
2020-12-01 $332,000 (10.7%) $430,070 (18.4%) 0.00 111
2021-01-01 $342,500 (9.6%) $436,670 (13.0%) 0.00 96
2021-02-01 $349,750 (10.0%) $457,206 (20.7%) 0.00 86
2021-03-01 $361,250 (15.3%) $458,335 (21.0%) 0.00 79
2021-04-01 $386,500 (18.5%) $467,885 (21.7%) 0.00 72
2021-05-01 $399,000 (21.0%) $478,292 (20.5%) 0.00 91
2021-06-01 $398,225 (19.1%) $512,574 (27.6%) 0.00 107
2021-07-01 $425,000 (26.1%) $525,499 (31.6%) 0.00 119
2021-08-01 $436,750 (24.9%) $521,995 (25.8%) 0.00 140
2021-09-01 $449,450 (36.2%) $510,244 (24.2%) 0.00 152
2021-10-01 $430,000 (26.5%) $509,445 (20.6%) 0.00 148
2021-11-01 $449,600 (31.4%) $515,520 (18.1%) 0.00 117
2021-12-01 $429,500 (29.4%) $494,326 (14.9%) 0.00 92
2022-01-01 $420,000 (22.6%) $502,297 (15.0%) 0.00 65
2022-02-01 $429,700 (22.9%) $527,532 (15.4%) 0.00 70
2022-03-01 $452,000 (25.1%) $571,897 (24.8%) 0.00 74
2022-04-01 $487,450 (26.1%) $648,477 (38.6%) 0.00 88
2022-05-01 $539,225 (35.1%) $653,420 (36.6%) 0.00 125
2022-06-01 $498,700 (25.2%) $618,109 (20.6%) 0.00 194
2022-07-01 $525,000 (23.5%) $583,845 (11.1%) 0.00 245
2022-08-01 $499,925 (14.5%) $563,131 (7.9%) 0.00 285
2022-09-01 $487,250 (8.4%) $550,365 (7.9%) 0.00 289
2022-10-01 $489,000 (13.7%) $545,424 (7.1%) 0.00 271
2022-11-01 $487,475 (8.4%) $550,486 (6.8%) 0.00 252
2022-12-01 $497,500 (15.8%) $556,719 (12.6%) 0.00 194
2023-01-01 $449,500 (7.0%) $559,476 (11.4%) 0.00 173
2023-02-01 $485,000 (12.9%) $577,568 (9.5%) 0.00 156
2023-03-01 $499,000 (10.4%) $584,444 (2.2%) 0.00 145
2023-04-01 $499,000 (2.4%) $591,389 (-8.8%) 0.00 145
2023-05-01 $565,750 (4.9%) $612,692 (-6.2%) 0.00 142
2023-06-01 $550,000 (10.3%) $602,754 (-2.5%) 0.00 162
2023-07-01 $565,000 (7.6%) $614,020 (5.2%) 0.00 175
2023-08-01 $545,000 (9.0%) $625,426 (11.1%) 0.00 195
2023-09-01 $532,500 (9.3%) $618,830 (12.4%) 0.00 203
2023-10-01 $512,475 (4.8%) $601,639 (10.3%) 0.00 226
2023-11-01 $506,223 (3.9%) $586,621 (6.6%) 0.00 242
2023-12-01 $512,450 (3.0%) $592,268 (6.4%) 0.00 224
2024-01-01 $546,000 (21.5%) $615,292 (10.0%) 0.00 203
Centralia's median listing price for 2024-01-01 was $546,000, a difference of $96,500 (21.5%) versus the prior year and $33,550 versus the prior month.

Centralia's median listing price comes in at 0% of the national average.

Centralia's average listing price for 2024-01-01 was $615,292, a difference of $55,816 (10.0%) versus the prior year and $23,024 versus the prior month.

For the 2024-01-01 period, Centralia had 203 MLS listings, a difference of -21 listings (-9%) versus the prior month and 30 listings (17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Centralia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,782 sqft
2018-02-01 0 days 1,775 sqft
2018-03-01 0 days 1,875 sqft
2018-04-01 0 days 1,932 sqft
2018-05-01 0 days 1,918 sqft
2018-06-01 0 days 1,908 sqft
2018-07-01 0 days 1,945 sqft
2018-08-01 0 days 1,865 sqft
2018-09-01 0 days 1,864 sqft
2018-10-01 0 days 1,843 sqft
2018-11-01 0 days 1,834 sqft
2018-12-01 0 days 1,878 sqft
2019-01-01 0 days 1,886 sqft
2019-02-01 0 days 1,880 sqft
2019-03-01 0 days 1,851 sqft
2019-04-01 0 days 1,833 sqft
2019-05-01 0 days 1,847 sqft
2019-06-01 0 days 1,782 sqft
2019-07-01 0 days 1,782 sqft
2019-08-01 0 days 1,777 sqft
2019-09-01 0 days 1,770 sqft
2019-10-01 0 days 1,765 sqft
2019-11-01 0 days 1,782 sqft
2019-12-01 0 days 1,782 sqft
2020-01-01 0 days 1,793 sqft
2020-02-01 0 days 1,782 sqft
2020-03-01 0 days 1,757 sqft
2020-04-01 0 days 1,747 sqft
2020-05-01 0 days 1,781 sqft
2020-06-01 0 days 1,801 sqft
2020-07-01 0 days 1,813 sqft
2020-08-01 0 days 1,792 sqft
2020-09-01 0 days 1,716 sqft
2020-10-01 0 days 1,702 sqft
2020-11-01 0 days 1,711 sqft
2020-12-01 0 days 1,761 sqft
2021-01-01 0 days 1,705 sqft
2021-02-01 0 days 1,682 sqft
2021-03-01 0 days 1,577 sqft
2021-04-01 0 days 1,616 sqft
2021-05-01 0 days 1,592 sqft
2021-06-01 0 days 1,644 sqft
2021-07-01 0 days 1,760 sqft
2021-08-01 0 days 1,821 sqft
2021-09-01 0 days 1,839 sqft
2021-10-01 0 days 1,958 sqft
2021-11-01 0 days 1,899 sqft
2021-12-01 0 days 1,800 sqft
2022-01-01 0 days 1,722 sqft
2022-02-01 0 days 1,705 sqft
2022-03-01 0 days 1,786 sqft
2022-04-01 0 days 1,876 sqft
2022-05-01 0 days 1,789 sqft
2022-06-01 0 days 1,762 sqft
2022-07-01 0 days 1,850 sqft
2022-08-01 0 days 1,863 sqft
2022-09-01 0 days 1,810 sqft
2022-10-01 0 days 1,810 sqft
2022-11-01 0 days 1,794 sqft
2022-12-01 0 days 1,792 sqft
2023-01-01 0 days 1,759 sqft
2023-02-01 0 days 1,831 sqft
2023-03-01 0 days 1,864 sqft
2023-04-01 0 days 1,941 sqft
2023-05-01 0 days 1,929 sqft
2023-06-01 0 days 1,873 sqft
2023-07-01 0 days 1,929 sqft
2023-08-01 0 days 1,883 sqft
2023-09-01 0 days 1,888 sqft
2023-10-01 0 days 1,917 sqft
2023-11-01 0 days 1,927 sqft
2023-12-01 0 days 1,898 sqft
2024-01-01 0 days 1,975 sqft
Centralia's median listing age (time on market) for 2024-01-01 was 0 days.

Centralia's median square footage for active listings during the 2024-01-01 period was 1,975 sqft. One year prior, the average listing was 1,759 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.