Kennewick VA Loan Rates, Closing Costs & Stats

KENNEWICK-RICHLAND, 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.

    Kennewick's 69 lenders originated 493 VA loans during 2024. The total origination value was $218,705,000, with an average VA loan value of $443,621.

    Kennewick VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kennewick averaged 0.3% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Kennewick's average VA mortgage closing costs are $7,573.

    The average rate for the prior week (2025-06-27) was 6.53% and one month ago for the week of 2025-05-30, the average rate was 6.96%.

    The average rate one year ago was 6.67%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.1%.

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

    Kennewick 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 Kennewick level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 82 5.88% $9,416
    Mortgage Research Center, LLC 54 6.25% $6,738
    CMG MORTGAGE, INC. 42 5.93% $15,193
    QUICKEN LOANS, LLC 29 5.96% $15,020
    FREEDOM MORTGAGE CORPORATION 21 6.10% $13,985
    AMERICAN PACIFIC MORTGAGE CORPORATION 18 6.29% $17,510
    NAVY FEDERAL CREDIT UNION 16 5.86% $5,330
    1st Security Bank of Washington 15 6.00% $12,622
    CHURCHILL MORTGAGE CORPORATION 12 6.41% $15,161
    Flagstar Bank, FSB 12 6.26% $12,868
    PENNYMAC LOAN SERVICES, LLC 11 5.51% $8,260
    USAA Federal Savings Bank 11 6.23% $11,475
    CROSSCOUNTRY MORTGAGE, LLC 9 6.01% $10,982
    Cornerstone First Mortgage, Inc 8 6.47% $14,252
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.16% $4,967
    Umpqua Bank 6 6.38% $7,994
    PLANET HOME LENDING, LLC 6 6.06% $7,020
    BROKER SOLUTIONS, INC. 6 6.44% $9,053
    LOANDEPOT.COM, LLC 5 6.20% $11,957
    SUMMIT FUNDING, INC. 5 6.30% $14,701
    PREMIER MORTGAGE RESOURCES, L.L.C. 5 5.88% $22,935
    NEWREZ LLC 5 6.15% $8,136
    MOVEMENT MORTGAGE, LLC 5 6.00% $13,668
    LAKEVIEW LOAN SERVICING, LLC 5 5.85% $4,683
    DHI MORTGAGE COMPANY, LTD. 4 5.06% $15,198
    Mr. Cooper ( Nationstar Mortgage ) 4 6.44% $21,387
    The Federal Savings Bank 4 6.28% $24,343
    VILLAGE CAPITAL MORTGAGE 4 5.69% $8,563
    U.S. Bank 3 6.21% $11,324
    Carrington Mortgage Services, LLC 3 6.04% $19,325
    PENTAGON FEDERAL CREDIT UNION 3 6.00% $9,754
    MORTGAGEONE, INC. 3 5.88% $8,045
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.04% $21,705
    SUN WEST MORTGAGE COMPANY, INC. 2 5.55% $2,898
    NATIONS DIRECT MORTGAGE, LLC 2 5.75% $17,010
    GENEVA FINANCIAL, LLC 2 6.75% $8,083
    AMERICAN FINANCIAL NETWORK, INC. 2 5.56% $14,674
    Willamette Valley Bank 2 6.25% $18,714
    GUILD MORTGAGE COMPANY 2 6.38% $16,081
    HOMESIDE FINANCIAL, LLC 2 6.50% $11,555
    NEW DAY FINANCIAL, LLC 2 7.06% $13,659
    NBKC BANK 2 5.63% $2,442
    JPMorgan Chase Bank 2 5.62% $5,349
    AMERISAVE MORTGAGE CORPORATION 2 5.94% $18,633
    First Federal Bank 2 5.75% $1,771
    GUARANTEED RATE, INC. 2 6.75% $12,153
    Watermark Capital, Inc. 1 6.25% $4,179
    The Loan Store, Inc. 1 6.00% $10,007
    AMERICAN FINANCING CORPORATION 1 5.25% $11,127
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $33,078
    HomeStreet Bank 1 5.63% $25,419
    CARDINAL FINANCIAL 1 6.25% $13,904
    First Western Trust Bank 1 6.13% $5,333
    Washington Trust Bank 1 7.00% $12,488
    Nations Lending Corporation 1 6.75% $1,562
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $7,655
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 7.25% $7,231
    NP, Inc. 1 6.50% $7,203
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $8,238
    Paramount Bank 1 6.13% $2,617
    Paramount Residential Mortgage Group, Inc. 1 6.75% $9,370
    Credence Funding Corporation 1 4.88% $8,966
    PHH Mortgage Corporation 1 5.38% $3,275
    Century Mortgage Company DBA Century Lending Company 1 5.99% $0
    PREMIA MORTGAGE, LLC 1 5.00% $4
    JMAC LENDING, INC. 1 5.25% $12,369
    RESIDENTIAL MORTGAGE, LLC 1 6.75% $4,832
    American Mortgage & Equity Consultants, Inc. 1 5.49% $13,187
    Sunflower Bank 1 5.49% $6,828

    The top Kennewick VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 82 VA loans originated. Their average total fees are $9,416, which is $2,678 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Kennewick VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,330), Mortgage Research Center, LLC ($6,738), PENNYMAC LOAN SERVICES, LLC ($8,260), UNITED WHOLESALE MORTGAGE, LLC ($9,416) and USAA Federal Savings Bank ($11,475).

    The lowest rate Kennewick VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.51%), NAVY FEDERAL CREDIT UNION (5.86%), UNITED WHOLESALE MORTGAGE, LLC (5.88%), CMG MORTGAGE, INC. (5.93%) and QUICKEN LOANS, LLC (5.96%).

    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.