Kennewick VA Loan Rates, Closing Costs & Stats

KENNEWICK-RICHLAND, 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.

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.