Ellensburg VA Loan Rates, Closing Costs & Stats

Ellensburg, 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.

Ellensburg's 35 lenders originated 67 VA loans during 2022. The total origination value was $33,325,000, with an average VA loan value of $497,388.

Ellensburg VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Ellensburg averaged 6.21% for the week of 2024-02-16, compared to the national average (all VA variants) of 6.462% for the same period.

Ellensburg's average VA mortgage closing costs are $7,983.

The average rate for the prior week (2024-02-09) was 5.97% and one month ago for the week of 2024-01-12, the average rate was 5.82%.

The average rate one year ago was 5.49%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.44%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 4.97% $9,598
UNITED WHOLESALE MORTGAGE, LLC 5 4.03% $31,802
CALIBER HOME LOANS, INC. 5 4.59% $14,389
Mortgage Research Center, LLC 5 4.40% $7,216
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.28% $21,071
ACADEMY MORTGAGE CORPORATION 4 5.31% $16,950
NAVY FEDERAL CREDIT UNION 3 3.54% $5,799
USAA Federal Savings Bank 2 4.88% $2,512
AMERICAN PACIFIC MORTGAGE CORPORATION 2 4.00% $39,288
FREEDOM MORTGAGE CORPORATION 2 3.00% $18,429
PENNYMAC LOAN SERVICES, LLC 2 2.63% $5,574
DHI MORTGAGE COMPANY, LTD. 2 3.13% $11,462
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 5.63% $13,492
GUILD MORTGAGE COMPANY 2 5.56% $16,391
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $8,695
Nations Lending Corporation 1 5.63% $15,241
PENTAGON FEDERAL CREDIT UNION 1 2.25% $2,495
QUICKEN LOANS, LLC 1 3.99% $6,898
Strong Home Mortgage, LLC 1 2.88% $55,716
The Federal Savings Bank 1 5.63% $4,399
Umpqua Bank 1 4.50% $12,459
GENEVA FINANCIAL, LLC 1 3.75% $7,375
Armed Forces Bank 1 2.50% $16,693
Barrington Bank & Trust Company, N.A. 1 5.00% $18,279
BAY EQUITY LLC 1 5.75% $6,853
CARDINAL FINANCIAL 1 4.75% $25,178
CROSSCOUNTRY MORTGAGE, LLC 1 6.06% $2,040
FINANCE OF AMERICA MORTGAGE LLC 1 5.50% $31,123
First Citizens National Bank 1 5.63% $1,798
First Guaranty Mortgage Corporation 1 2.88% $3,719
Gateway First Bank 1 3.13% $19,001
1st Security Bank of Washington 1 4.75% $12,224
HomePromise Corporation 1 6.13% $101,694
JPMorgan Chase Bank 1 3.75% $18,215
LAKEVIEW LOAN SERVICING, LLC 1 3.25% $6,942

The top Ellensburg VA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 5 VA loans originated. Their average total fees are $9,598, which is $22,204 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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
Ellensburg's median listing price for 2023-12-01 was $695,000, a difference of $-9,750 (-1.4%) versus the prior year and $-54,988 versus the prior month.

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

Ellensburg's average listing price for 2023-12-01 was $1,077,083, a difference of $34,697 (3.3%) versus the prior year and $-3,126 versus the prior month.

For the 2023-12-01 period, Ellensburg had 192 MLS listings, a difference of -35 listings (-15%) versus the prior month and 68 listings (55%) 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 2,062 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
Ellensburg's median listing age (time on market) for 2023-12-01 was 0 days.

Ellensburg's median square footage for active listings during the 2023-12-01 period was 2,135 sqft. One year prior, the average listing was 2,268 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.