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.