Kennewick VA Loans
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 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 113 lenders originated 1,527 VA
loans during 2021. The total origination value was $507,695,000, with an average VA loan value of
$332,479.
Kennewick VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Kennewick
averaged
5.74%
for the week of 2022-05-20, compared to the national average (all VA variants) of
5.143% for the same period.
The average rate for the prior week (2022-05-13) was
5.65% and
one month ago for the week of 2022-04-15, the
average rate was 5.31%.
The average rate one year ago was 3.4%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.28%.
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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Kennewick level.
Name |
# of Loans |
2021 Avg. 30yFix Rate |
2021 Avg. Total Fees |
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
122
|
2.59%
|
$7,504
|
FREEDOM MORTGAGE CORPORATION
|
121
|
2.38%
|
$3,118
|
QUICKEN LOANS, LLC
|
120
|
2.43%
|
$5,924
|
PENNYMAC LOAN SERVICES, LLC
|
77
|
2.41%
|
$6,280
|
Mortgage Research Center, LLC
|
68
|
2.79%
|
$7,119
|
UNITED WHOLESALE MORTGAGE, LLC
|
60
|
2.48%
|
$5,821
|
CALIBER HOME LOANS, INC.
|
51
|
2.59%
|
$5,901
|
SUMMIT FUNDING, INC.
|
33
|
3.11%
|
$8,282
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
32
|
2.92%
|
$7,050
|
1st Security Bank of Washington
|
31
|
2.79%
|
$6,340
|
NAVY FEDERAL CREDIT UNION
|
31
|
2.42%
|
$5,644
|
LAKEVIEW LOAN SERVICING, LLC
|
30
|
2.51%
|
$3,215
|
Umpqua Bank
|
29
|
2.61%
|
$7,765
|
NEW DAY FINANCIAL, LLC
|
28
|
2.88%
|
$11,130
|
USAA Federal Savings Bank
|
28
|
2.90%
|
$6,445
|
The Federal Savings Bank
|
26
|
2.61%
|
$9,071
|
GUILD MORTGAGE COMPANY
|
24
|
2.51%
|
$6,607
|
Mr. Cooper ( Nationstar Mortgage )
|
22
|
2.67%
|
$3,223
|
LOANDEPOT.COM, LLC
|
21
|
2.49%
|
$2,868
|
ENVOY MORTGAGE, LTD
|
21
|
3.00%
|
$10,768
|
FINANCE OF AMERICA MORTGAGE LLC
|
20
|
2.76%
|
$8,266
|
Flagstar Bank, FSB
|
19
|
2.72%
|
$8,055
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
18
|
3.03%
|
$9,465
|
CHURCHILL MORTGAGE CORPORATION
|
18
|
2.85%
|
$7,029
|
Wells Fargo Bank
|
17
|
2.41%
|
$4,475
|
EVERGREEN MONEYSOURCE MORTGAGE COMPANY
|
16
|
3.38%
|
$11,953
|
CHERRY CREEK MORTGAGE, LLC
|
15
|
2.48%
|
$7,912
|
HOME POINT FINANCIAL CORPORATION
|
14
|
2.35%
|
$4,543
|
AMERICAN FINANCIAL NETWORK, INC.
|
10
|
2.73%
|
$9,889
|
NP, Inc.
|
10
|
2.36%
|
$4,314
|
NEWREZ LLC
|
10
|
2.65%
|
$5,263
|
PLANET HOME LENDING, LLC
|
9
|
2.64%
|
$4,850
|
CMG MORTGAGE, INC.
|
8
|
2.38%
|
$8,998
|
ACADEMY MORTGAGE CORPORATION
|
8
|
2.88%
|
$16,333
|
Carrington Mortgage Services, LLC
|
8
|
2.78%
|
$5,117
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
8
|
3.01%
|
$10,465
|
LPMC, LLC
|
8
|
3.06%
|
$10,910
|
VILLAGE CAPITAL & INVESTMENT LLC
|
7
|
2.59%
|
$4,640
|
AMERISAVE MORTGAGE CORPORATION
|
7
|
2.55%
|
$7,977
|
First Guaranty Mortgage Corporation
|
7
|
2.50%
|
$5,049
|
DIRECTORS MORTGAGE, INC.
|
6
|
3.02%
|
$7,500
|
HomeStreet Bank
|
6
|
2.69%
|
$4,306
|
Banner Bank
|
6
|
2.48%
|
$4,860
|
NBKC BANK
|
5
|
2.30%
|
$2,662
|
SUN WEST MORTGAGE COMPANY, INC.
|
5
|
2.33%
|
$4,173
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
5
|
2.55%
|
$6,632
|
HOMESIDE FINANCIAL, LLC
|
5
|
3.20%
|
$6,345
|
BROKER SOLUTIONS, INC.
|
5
|
2.78%
|
$12,234
|
PENTAGON FEDERAL CREDIT UNION
|
5
|
2.28%
|
$3,887
|
North American Savings Bank, F.S.B.
|
4
|
2.63%
|
$7,131
|
Nations Lending Corporation
|
4
|
3.09%
|
$11,973
|
Barrington Bank & Trust Company, N.A.
|
4
|
2.54%
|
$6,377
|
MOVEMENT MORTGAGE, LLC
|
4
|
3.03%
|
$8,214
|
CROSSCOUNTRY MORTGAGE, LLC
|
3
|
2.79%
|
$5,215
|
U.S. Bank
|
3
|
2.71%
|
$7,693
|
GUARANTEED RATE, INC.
|
3
|
2.58%
|
$4,126
|
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
|
3
|
3.08%
|
$6,995
|
PREMIER LENDING, INC.
|
3
|
3.08%
|
$5,796
|
BNC National Bank
|
3
|
2.25%
|
$4,821
|
BELEM SERVICING LLC
|
2
|
2.13%
|
$20,694
|
AMERICAN FINANCING CORPORATION
|
2
|
2.56%
|
$5,612
|
BAY EQUITY LLC
|
2
|
2.94%
|
$8,298
|
CELEBRITY HOME LOANS, LLC
|
2
|
3.00%
|
$3,417
|
Commerce Home Mortgage, Inc.
|
2
|
2.50%
|
$4,974
|
Community First National Bank
|
2
|
2.50%
|
$3,279
|
First Federal Bank
|
2
|
2.75%
|
$6,477
|
First Mortgage Solutions, LLC
|
2
|
2.25%
|
$3,163
|
GUARANTEED RATE AFFINITY, LLC
|
2
|
2.25%
|
$2,800
|
LEADERONE FINANCIAL CORPORATION
|
2
|
2.50%
|
$5,716
|
Low VA Rates, LLC
|
2
|
2.25%
|
$1,764
|
Mid-Continent Funding, Inc.
|
2
|
2.44%
|
$4,829
|
Paramount Residential Mortgage Group, Inc.
|
2
|
2.81%
|
$6,259
|
SOVEREIGN LENDING GROUP INCORPORATED
|
2
|
2.81%
|
$6,618
|
Strong Home Mortgage, LLC
|
2
|
2.31%
|
$6,781
|
TJC Mortgage, Inc.
|
2
|
2.38%
|
$4,609
|
Washington Trust Bank
|
2
|
3.00%
|
$4,200
|
Magnolia Bank
|
1
|
2.25%
|
$3,786
|
Neighborhood Loans, Inc.
|
1
|
2.88%
|
$4,630
|
NETWORK CAPITAL FUNDING CORPORATION
|
1
|
3.38%
|
$3,529
|
LOANPAL, LLC
|
1
|
2.50%
|
$2,560
|
LIBERTY HOME MORTGAGE CORPORATION
|
1
|
2.25%
|
$6,695
|
Lakeview Community Capital, LLC
|
1
|
2.63%
|
$3,954
|
NOVA FINANCIAL & INVESTMENT CORPORATION
|
1
|
2.25%
|
$3,173
|
LADERA LENDING, INC.
|
1
|
2.25%
|
$3,436
|
NUMERICA CREDIT UNION
|
1
|
2.25%
|
$3,290
|
Victorian Finance, LLC
|
1
|
3.13%
|
$3,180
|
KS StateBank
|
1
|
3.63%
|
$17,071
|
KELLER MORTGAGE, LLC
|
1
|
2.25%
|
$10,536
|
JPMorgan Chase Bank
|
1
|
2.75%
|
$10,354
|
GET A RATE LLC
|
1
|
2.88%
|
$1,823
|
First Midwest Bank
|
1
|
2.00%
|
$5,280
|
First Home Bank
|
1
|
3.25%
|
$14,551
|
ROUNDPOINT MORTGAGE SERVICING CORPORATION
|
1
|
2.75%
|
$9,036
|
S1L, Inc.
|
1
|
2.99%
|
$4,116
|
Sierra Pacific Mortgage Company, Inc.
|
1
|
2.75%
|
$21,369
|
AXIA FINANCIAL, LLC
|
1
|
2.75%
|
$9,128
|
STEARNS LENDING, LLC
|
1
|
2.63%
|
$9,357
|
Willamette Valley Bank
|
1
|
3.00%
|
$10,427
|
Credence Funding Corporation
|
1
|
2.50%
|
$5,564
|
CORNERSTONE HOME LENDING, INC.
|
1
|
3.25%
|
$4,219
|
CITYWIDE HOME LOANS, LLC
|
1
|
2.25%
|
$4,575
|
THRIVE MORTGAGE, LLC
|
1
|
3.00%
|
$3,684
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
1
|
2.50%
|
$11,894
|
Truist Bank
|
1
|
2.75%
|
$1,825
|
Boeing Employees Credit Union
|
1
|
2.63%
|
$3,835
|
BAYSHORE MORTGAGE FUNDING, LLC
|
1
|
2.38%
|
$5,517
|
Bank of the Pacific
|
1
|
2.38%
|
$7,430
|
Bank of England
|
1
|
2.50%
|
$7,929
|
NATIONS DIRECT MORTGAGE, LLC
|
1
|
2.75%
|
$1,845
|
MORTGAGE MASTER SERVICE CORPORATION
|
1
|
2.75%
|
$1,412
|
NATIONWIDE MORTGAGE BANKERS, INC.
|
1
|
2.75%
|
$3,766
|
MANN FINANCIAL INC.
|
1
|
3.00%
|
$13,491
|
NBH Bank
|
1
|
2.50%
|
$1,384
|
The top Kennewick VA lender as defined by loan originations is HOMEBRIDGE FINANCIAL SERVICES, INC., with
122 VA loans originated. Their average total fees are
$7,504, which is $4,385
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Kennewick VA lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC ($2,868), FREEDOM MORTGAGE CORPORATION ($3,118), LAKEVIEW LOAN SERVICING, LLC ($3,215), Mr. Cooper ( Nationstar Mortgage ) ($3,223) and NP, Inc. ($4,314).
The lowest rate Kennewick VA lenders (with over 10 loans originated) are
HOME POINT FINANCIAL CORPORATION (2.35%), NP, Inc. (2.36%), FREEDOM MORTGAGE CORPORATION (2.38%), PENNYMAC LOAN SERVICES, LLC (2.41%) and Wells Fargo Bank (2.41%).
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.