Ellensburg VA Loan Rates, Closing Costs & Stats

Ellensburg, 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.

    Ellensburg's 22 lenders originated 38 VA loans during 2023. The total origination value was $22,280,000, with an average VA loan value of $586,316.

    Ellensburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ellensburg averaged 7.03% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Ellensburg's average VA mortgage closing costs are $8,280.

    The average rate for the prior week (2024-04-12) was 6.56% and one month ago for the week of 2024-03-15, the average rate was 6.42%.

    The average rate one year ago was 6.21%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Ellensburg 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 Ellensburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 6 6.00% $23,298
    DHI MORTGAGE COMPANY, LTD. 4 5.47% $11,589
    1st Security Bank of Washington 4 6.31% $7,913
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.25% $11,077
    MOVEMENT MORTGAGE, LLC 2 6.50% $5,079
    CORNERSTONE HOME LENDING, INC. 2 6.00% $3,453
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $16,641
    FREEDOM MORTGAGE CORPORATION 1 6.75% $10,857
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $6,648
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $9,199
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $21,038
    NAVY FEDERAL CREDIT UNION 1 5.13% $9,922
    NEW DAY FINANCIAL, LLC 1 7.49% $9,904
    OnPoint Community Credit Union 1 6.13% $6,339
    Presidential Bank, FSB 1 6.50% $14,650
    Umpqua Bank 1 6.13% $4,097
    UNITED WHOLESALE MORTGAGE, LLC 1 7.25% $11,230
    ACADEMY MORTGAGE CORPORATION 1 6.88% $12,794
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $23,522
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $6,754
    CARDINAL FINANCIAL 1 6.25% $21,099
    CMG MORTGAGE, INC. 1 7.25% $35,963

    The top Ellensburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6 VA loans originated. Their average total fees are $23,298, which is $11,710 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Ellensburg VA lenders (with over 10 loans originated) are .

    The lowest rate Ellensburg VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ellensburg (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 $383,750 (-2.2%) $512,916 (-7.5%) 0.00 87
    2018-02-01 $387,000 (0.3%) $519,535 (-5.9%) 0.00 74
    2018-03-01 $399,475 (11.9%) $523,879 (-4.9%) 0.00 84
    2018-04-01 $404,250 (10.8%) $541,873 (-1.7%) 0.00 111
    2018-05-01 $438,248 (9.4%) $580,159 (7.2%) 0.00 133
    2018-06-01 $419,950 (-2.8%) $591,419 (5.0%) 0.00 176
    2018-07-01 $408,963 (-9.0%) $694,283 (21.9%) 0.00 192
    2018-08-01 $407,475 (-9.3%) $699,171 (30.2%) 0.00 188
    2018-09-01 $399,000 (-9.1%) $664,421 (22.3%) 0.00 228
    2018-10-01 $395,100 (-4.2%) $671,017 (25.3%) 0.00 215
    2018-11-01 $396,725 (-2.6%) $673,308 (26.1%) 0.00 189
    2018-12-01 $399,000 (3.6%) $707,831 (43.6%) 0.00 157
    2019-01-01 $403,337 (5.1%) $756,908 (47.6%) 0.00 125
    2019-02-01 $428,750 (10.8%) $822,593 (58.3%) 0.00 108
    2019-03-01 $436,429 (9.3%) $810,945 (54.8%) 0.00 122
    2019-04-01 $432,416 (7.0%) $774,497 (42.9%) 0.00 147
    2019-05-01 $448,000 (2.2%) $792,148 (36.5%) 0.00 165
    2019-06-01 $424,975 (1.2%) $756,260 (27.9%) 0.00 192
    2019-07-01 $414,475 (1.4%) $749,125 (7.9%) 0.00 196
    2019-08-01 $413,675 (1.5%) $744,713 (6.5%) 0.00 193
    2019-09-01 $405,688 (1.7%) $747,483 (12.5%) 0.00 189
    2019-10-01 $399,238 (1.1%) $741,337 (10.5%) 0.00 185
    2019-11-01 $404,475 (2.0%) $804,590 (19.5%) 0.00 145
    2019-12-01 $395,000 (-1.0%) $906,236 (28.0%) 0.00 112
    2020-01-01 $395,000 (-2.1%) $955,607 (26.3%) 0.00 85
    2020-02-01 $395,000 (-7.9%) $963,929 (17.2%) 0.00 79
    2020-03-01 $427,488 (-2.1%) $861,677 (6.3%) 0.00 101
    2020-04-01 $435,000 (0.6%) $797,957 (3.0%) 0.00 115
    2020-05-01 $424,925 (-5.2%) $811,599 (2.5%) 0.00 117
    2020-06-01 $459,725 (8.2%) $814,120 (7.7%) 0.00 131
    2020-07-01 $506,235 (22.1%) $938,933 (25.3%) 0.00 125
    2020-08-01 $539,999 (30.5%) $947,672 (27.3%) 0.00 128
    2020-09-01 $539,749 (33.1%) $1,006,703 (34.7%) 0.00 118
    2020-10-01 $554,500 (38.9%) $1,041,855 (40.5%) 0.00 109
    2020-11-01 $594,500 (47.0%) $1,267,192 (57.5%) 0.00 66
    2020-12-01 $612,000 (54.9%) $1,371,229 (51.3%) 0.00 44
    2021-01-01 $699,000 (77.0%) $1,710,049 (79.0%) 0.00 35
    2021-02-01 $494,250 (25.1%) $1,695,657 (75.9%) 0.00 34
    2021-03-01 $488,745 (14.3%) $1,651,667 (91.7%) 0.00 35
    2021-04-01 $540,000 (24.1%) $1,450,029 (81.7%) 0.00 43
    2021-05-01 $525,000 (23.6%) $1,267,091 (56.1%) 0.00 63
    2021-06-01 $538,735 (17.2%) $1,157,454 (42.2%) 0.00 87
    2021-07-01 $599,995 (18.5%) $1,091,194 (16.2%) 0.00 109
    2021-08-01 $633,000 (17.2%) $1,178,492 (24.4%) 0.00 114
    2021-09-01 $643,499 (19.2%) $1,149,173 (14.2%) 0.00 113
    2021-10-01 $650,000 (17.2%) $1,181,832 (13.4%) 0.00 103
    2021-11-01 $636,750 (7.1%) $1,260,290 (-0.5%) 0.00 86
    2021-12-01 $650,750 (6.3%) $1,353,377 (-1.3%) 0.00 66
    2022-01-01 $734,745 (5.1%) $1,719,880 (0.6%) 0.00 40
    2022-02-01 $764,995 (54.8%) $1,854,731 (9.4%) 0.00 32
    2022-03-01 $950,499 (94.5%) $2,031,258 (23.0%) 0.00 30
    2022-04-01 $839,000 (55.4%) $1,755,140 (21.0%) 0.00 51
    2022-05-01 $756,750 (44.1%) $1,335,854 (5.4%) 0.00 78
    2022-06-01 $817,500 (51.7%) $1,221,690 (5.6%) 0.00 134
    2022-07-01 $749,000 (24.8%) $1,155,650 (5.9%) 0.00 153
    2022-08-01 $691,213 (9.2%) $961,923 (-18.4%) 0.00 158
    2022-09-01 $691,213 (7.4%) $977,966 (-14.9%) 0.00 143
    2022-10-01 $699,475 (7.6%) $1,035,509 (-12.4%) 0.00 152
    2022-11-01 $690,725 (8.5%) $1,020,120 (-19.1%) 0.00 152
    2022-12-01 $704,750 (8.3%) $1,042,386 (-23.0%) 0.00 124
    2023-01-01 $734,713 (0.0%) $1,044,715 (-39.3%) 0.00 105
    2023-02-01 $689,000 (-9.9%) $1,028,447 (-44.6%) 0.00 91
    2023-03-01 $762,488 (-19.8%) $1,204,180 (-40.7%) 0.00 93
    2023-04-01 $780,000 (-7.0%) $1,190,514 (-32.2%) 0.00 107
    2023-05-01 $799,725 (5.7%) $1,135,425 (-15.0%) 0.00 136
    2023-06-01 $779,500 (-4.7%) $1,138,229 (-6.8%) 0.00 181
    2023-07-01 $749,950 (0.1%) $1,094,371 (-5.3%) 0.00 213
    2023-08-01 $719,963 (4.2%) $1,061,168 (10.3%) 0.00 210
    2023-09-01 $699,950 (1.3%) $985,063 (0.7%) 0.00 207
    2023-10-01 $729,238 (4.3%) $989,124 (-4.5%) 0.00 194
    2023-11-01 $749,988 (8.6%) $1,080,209 (5.9%) 0.00 227
    2023-12-01 $695,000 (-1.4%) $1,077,083 (3.3%) 0.00 192
    2024-01-01 $693,474 (-5.6%) $1,097,903 (5.1%) 0.00 154
    2024-02-01 $704,725 (2.3%) $1,086,600 (5.7%) 0.00 137
    2024-03-01 $749,950 (-1.6%) $1,079,497 (-10.4%) 0.00 158
    Ellensburg's median listing price for 2024-03-01 was $749,950, a difference of $-12,538 (-1.6%) versus the prior year and $45,225 versus the prior month.

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

    Ellensburg's average listing price for 2024-03-01 was $1,079,497, a difference of $-124,683 (-10.4%) versus the prior year and $-7,103 versus the prior month.

    For the 2024-03-01 period, Ellensburg had 158 MLS listings, a difference of 21 listings (15%) versus the prior month and 65 listings (70%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ellensburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,898 sqft
    2018-02-01 0 days 1,956 sqft
    2018-03-01 0 days 2,010 sqft
    2018-04-01 0 days 1,972 sqft
    2018-05-01 0 days 2,106 sqft
    2018-06-01 0 days 1,989 sqft
    2018-07-01 0 days 1,858 sqft
    2018-08-01 0 days 1,948 sqft
    2018-09-01 0 days 2,043 sqft
    2018-10-01 0 days 2,042 sqft
    2018-11-01 0 days 2,042 sqft
    2018-12-01 0 days 2,106 sqft
    2019-01-01 0 days 2,116 sqft
    2019-02-01 0 days 2,119 sqft
    2019-03-01 0 days 2,069 sqft
    2019-04-01 0 days 2,039 sqft
    2019-05-01 0 days 2,081 sqft
    2019-06-01 0 days 1,949 sqft
    2019-07-01 0 days 1,873 sqft
    2019-08-01 0 days 1,884 sqft
    2019-09-01 0 days 1,856 sqft
    2019-10-01 0 days 1,818 sqft
    2019-11-01 0 days 1,913 sqft
    2019-12-01 0 days 1,777 sqft
    2020-01-01 0 days 1,724 sqft
    2020-02-01 0 days 1,809 sqft
    2020-03-01 0 days 1,898 sqft
    2020-04-01 0 days 1,850 sqft
    2020-05-01 0 days 1,976 sqft
    2020-06-01 0 days 1,938 sqft
    2020-07-01 0 days 2,065 sqft
    2020-08-01 0 days 2,200 sqft
    2020-09-01 0 days 2,182 sqft
    2020-10-01 0 days 2,150 sqft
    2020-11-01 0 days 2,049 sqft
    2020-12-01 0 days 2,069 sqft
    2021-01-01 0 days 2,418 sqft
    2021-02-01 0 days 2,082 sqft
    2021-03-01 0 days 1,853 sqft
    2021-04-01 0 days 1,869 sqft
    2021-05-01 0 days 1,782 sqft
    2021-06-01 0 days 1,809 sqft
    2021-07-01 0 days 2,091 sqft
    2021-08-01 0 days 2,198 sqft
    2021-09-01 0 days 2,139 sqft
    2021-10-01 0 days 2,162 sqft
    2021-11-01 0 days 2,106 sqft
    2021-12-01 0 days 2,147 sqft
    2022-01-01 0 days 2,209 sqft
    2022-02-01 0 days 2,460 sqft
    2022-03-01 0 days 2,528 sqft
    2022-04-01 0 days 2,219 sqft
    2022-05-01 0 days 2,114 sqft
    2022-06-01 0 days 2,055 sqft
    2022-07-01 0 days 2,009 sqft
    2022-08-01 0 days 1,957 sqft
    2022-09-01 0 days 2,019 sqft
    2022-10-01 0 days 2,252 sqft
    2022-11-01 0 days 2,271 sqft
    2022-12-01 0 days 2,268 sqft
    2023-01-01 0 days 2,219 sqft
    2023-02-01 0 days 2,114 sqft
    2023-03-01 0 days 2,243 sqft
    2023-04-01 0 days 2,245 sqft
    2023-05-01 0 days 2,266 sqft
    2023-06-01 0 days 2,269 sqft
    2023-07-01 0 days 2,206 sqft
    2023-08-01 0 days 2,152 sqft
    2023-09-01 0 days 2,029 sqft
    2023-10-01 0 days 2,010 sqft
    2023-11-01 0 days 2,120 sqft
    2023-12-01 0 days 2,135 sqft
    2024-01-01 0 days 2,135 sqft
    2024-02-01 0 days 2,081 sqft
    2024-03-01 0 days 2,135 sqft
    Ellensburg's median listing age (time on market) for 2024-03-01 was 0 days.

    Ellensburg's median square footage for active listings during the 2024-03-01 period was 2,135 sqft. One year prior, the average listing was 2,243 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.