Moses Lake VA Loan Rates, Closing Costs & Stats

Moses Lake, 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.

    Moses Lake's 30 lenders originated 91 VA loans during 2023. The total origination value was $30,745,000, with an average VA loan value of $337,857.

    Moses Lake VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Moses Lake averaged 6.59% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Moses Lake's average VA mortgage closing costs are $6,535.

    The average rate for the prior week (2024-12-06) was 6.32% and one month ago for the week of 2024-11-08, the average rate was 6.52%.

    The average rate one year ago was 7.07%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.28%.

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

    Moses Lake 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 Moses Lake level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 16 6.56% $4,883
    GUILD MORTGAGE COMPANY 13 6.61% $16,837
    NAVY FEDERAL CREDIT UNION 7 5.52% $5,443
    QUICKEN LOANS, LLC 6 6.08% $16,704
    MOVEMENT MORTGAGE, LLC 5 6.68% $5,508
    CMG MORTGAGE, INC. 4 6.44% $16,910
    NEWREZ LLC 3 5.88% $10,212
    PENNYMAC LOAN SERVICES, LLC 3 5.33% $4,072
    FREEDOM MORTGAGE CORPORATION 3 6.42% $28,549
    The Federal Savings Bank 3 6.75% $14,029
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.44% $10,040
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.37% $6,647
    Mr. Cooper ( Nationstar Mortgage ) 2 6.38% $11,754
    UNITED WHOLESALE MORTGAGE, LLC 2 6.88% $10,188
    Wheatland Bank 2 5.81% $14,343
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $11,241
    Flagstar Bank, FSB 1 6.25% $6,107
    USAA Federal Savings Bank 1 6.50% $6,416
    Equity Prime Mortgage LLC 1 6.50% $4,098
    CONTOUR MORTGAGE CORPORATION 1 5.63% $12,324
    CARDINAL FINANCIAL 1 6.63% $29,211
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $3,968
    CALIBER HOME LOANS, INC. 1 5.25% $2,275
    RESIDENTIAL BANCORP 1 5.75% $12,252
    T2 FINANCIAL LLC 1 6.63% $18,854
    Banner Bank 1 7.13% $7,777
    Wells Fargo Bank 1 6.00% $19,169
    HORIZON 1 6.25% $6,475
    MANN FINANCIAL INC. 1 7.13% $12,210
    GUARANTEED RATE, INC. 1 6.25% $2,456

    The top Moses Lake VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $4,883, which is $11,954 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Moses Lake VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,883), GUILD MORTGAGE COMPANY ($16,837), .

    The lowest rate Moses Lake VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.56%), GUILD MORTGAGE COMPANY (6.61%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Moses Lake (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 $229,000 (5.2%) $294,699 (18.0%) 0.00 214
    2018-02-01 $238,700 (9.5%) $306,311 (21.8%) 0.00 204
    2018-03-01 $244,750 (9.2%) $312,761 (18.9%) 0.00 185
    2018-04-01 $251,625 (7.1%) $312,787 (10.4%) 0.00 203
    2018-05-01 $245,750 (2.8%) $312,124 (8.0%) 0.00 216
    2018-06-01 $259,000 (6.1%) $307,067 (4.7%) 0.00 234
    2018-07-01 $254,950 (5.9%) $308,278 (7.1%) 0.00 264
    2018-08-01 $259,450 (6.4%) $336,854 (14.7%) 0.00 278
    2018-09-01 $249,250 (3.2%) $332,645 (12.0%) 0.00 297
    2018-10-01 $249,450 (4.4%) $326,672 (8.9%) 0.00 291
    2018-11-01 $239,900 (3.0%) $319,183 (9.9%) 0.00 257
    2018-12-01 $239,000 (3.5%) $311,687 (5.9%) 0.00 248
    2019-01-01 $242,198 (5.8%) $324,053 (10.0%) 0.00 198
    2019-02-01 $250,315 (4.9%) $335,353 (9.5%) 0.00 204
    2019-03-01 $267,257 (9.2%) $350,554 (12.1%) 0.00 206
    2019-04-01 $282,782 (12.4%) $364,837 (16.6%) 0.00 217
    2019-05-01 $285,982 (16.4%) $362,057 (16.0%) 0.00 259
    2019-06-01 $286,470 (10.6%) $357,695 (16.5%) 0.00 255
    2019-07-01 $299,800 (17.6%) $377,117 (22.3%) 0.00 232
    2019-08-01 $296,336 (14.2%) $371,444 (10.3%) 0.00 247
    2019-09-01 $292,716 (17.4%) $360,235 (8.3%) 0.00 269
    2019-10-01 $292,802 (17.4%) $356,810 (9.2%) 0.00 278
    2019-11-01 $294,470 (22.8%) $362,141 (13.5%) 0.00 233
    2019-12-01 $290,070 (21.4%) $362,617 (16.3%) 0.00 206
    2020-01-01 $274,625 (13.4%) $324,633 (0.2%) 0.00 201
    2020-02-01 $280,000 (11.9%) $317,689 (-5.3%) 0.00 210
    2020-03-01 $281,500 (5.3%) $318,827 (-9.1%) 0.00 240
    2020-04-01 $288,258 (1.9%) $320,897 (-12.0%) 0.00 223
    2020-05-01 $279,950 (-2.1%) $315,497 (-12.9%) 0.00 233
    2020-06-01 $281,350 (-1.8%) $321,662 (-10.1%) 0.00 218
    2020-07-01 $276,200 (-7.9%) $323,894 (-14.1%) 0.00 214
    2020-08-01 $269,900 (-8.9%) $313,601 (-15.6%) 0.00 216
    2020-09-01 $279,750 (-4.4%) $332,147 (-7.8%) 0.00 212
    2020-10-01 $274,900 (-6.1%) $329,122 (-7.8%) 0.00 218
    2020-11-01 $298,475 (1.4%) $343,859 (-5.1%) 0.00 129
    2020-12-01 $285,100 (-1.7%) $341,066 (-5.9%) 0.00 113
    2021-01-01 $279,900 (1.9%) $338,631 (4.3%) 0.00 96
    2021-02-01 $297,000 (6.1%) $351,541 (10.7%) 0.00 83
    2021-03-01 $312,725 (11.1%) $362,703 (13.8%) 0.00 96
    2021-04-01 $319,238 (10.8%) $388,868 (21.2%) 0.00 74
    2021-05-01 $302,250 (8.0%) $373,722 (18.5%) 0.00 84
    2021-06-01 $320,463 (13.9%) $429,551 (33.5%) 0.00 101
    2021-07-01 $333,986 (20.9%) $435,549 (34.5%) 0.00 122
    2021-08-01 $326,851 (21.1%) $424,124 (35.2%) 0.00 139
    2021-09-01 $337,675 (20.7%) $437,974 (31.9%) 0.00 132
    2021-10-01 $365,000 (32.8%) $458,116 (39.2%) 0.00 133
    2021-11-01 $367,232 (23.0%) $468,371 (36.2%) 0.00 134
    2021-12-01 $368,250 (29.2%) $449,209 (31.7%) 0.00 125
    2022-01-01 $358,750 (28.2%) $459,298 (35.6%) 0.00 108
    2022-02-01 $356,706 (20.1%) $409,608 (16.5%) 0.00 103
    2022-03-01 $383,000 (22.5%) $430,800 (18.8%) 0.00 91
    2022-04-01 $387,000 (21.2%) $497,658 (28.0%) 0.00 82
    2022-05-01 $384,950 (27.4%) $482,106 (29.0%) 0.00 104
    2022-06-01 $381,500 (19.1%) $471,163 (9.7%) 0.00 141
    2022-07-01 $391,200 (17.1%) $483,300 (11.0%) 0.00 158
    2022-08-01 $387,500 (18.6%) $486,110 (14.6%) 0.00 164
    2022-09-01 $397,350 (17.7%) $480,206 (9.6%) 0.00 160
    2022-10-01 $390,000 (6.9%) $491,688 (7.3%) 0.00 178
    2022-11-01 $387,000 (5.4%) $487,176 (4.0%) 0.00 188
    2022-12-01 $389,500 (5.8%) $494,091 (10.0%) 0.00 160
    2023-01-01 $382,975 (6.8%) $480,266 (4.6%) 0.00 154
    2023-02-01 $356,040 (-0.2%) $436,901 (6.7%) 0.00 164
    2023-03-01 $372,816 (-2.7%) $460,285 (6.8%) 0.00 160
    2023-04-01 $381,381 (-1.5%) $462,687 (-7.0%) 0.00 169
    2023-05-01 $399,945 (3.9%) $488,784 (1.4%) 0.00 197
    2023-06-01 $399,995 (4.9%) $500,573 (6.2%) 0.00 203
    2023-07-01 $399,990 (2.3%) $511,354 (5.8%) 0.00 222
    2023-08-01 $411,975 (6.3%) $516,245 (6.2%) 0.00 231
    2023-09-01 $392,495 (-1.2%) $516,484 (7.6%) 0.00 215
    2023-10-01 $391,654 (0.4%) $508,100 (3.3%) 0.00 207
    2023-11-01 $412,425 (6.6%) $498,272 (2.3%) 0.00 217
    2023-12-01 $409,450 (5.1%) $489,410 (-1.0%) 0.00 195
    2024-01-01 $397,975 (3.9%) $465,348 (-3.1%) 0.00 175
    2024-02-01 $404,661 (13.7%) $469,744 (7.5%) 0.00 184
    2024-03-01 $400,000 (7.3%) $481,296 (4.6%) 0.00 185
    2024-04-01 $406,472 (6.6%) $506,350 (9.4%) 0.00 217
    2024-05-01 $423,500 (5.9%) $516,813 (5.7%) 0.00 250
    2024-06-01 $465,000 (16.3%) $532,278 (6.3%) 0.00 252
    2024-07-01 $461,900 (15.5%) $537,883 (5.2%) 0.00 283
    2024-08-01 $444,375 (7.9%) $513,278 (-0.6%) 0.00 322
    2024-09-01 $446,713 (13.8%) $507,601 (-1.7%) 0.00 330
    2024-10-01 $441,675 (12.8%) $506,547 (-0.3%) 0.00 333
    2024-11-01 $425,000 (3.1%) $496,623 (-0.3%) 0.00 331
    Moses Lake's median listing price for 2024-11-01 was $425,000, a difference of $12,575 (3.1%) versus the prior year and $-16,675 versus the prior month.

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

    Moses Lake's average listing price for 2024-11-01 was $496,623, a difference of $-1,649 (-0.3%) versus the prior year and $-9,924 versus the prior month.

    For the 2024-11-01 period, Moses Lake had 331 MLS listings, a difference of -2 listings (-1%) versus the prior month and 114 listings (53%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Moses Lake (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,805 sqft
    2018-02-01 0 days 1,824 sqft
    2018-03-01 0 days 1,890 sqft
    2018-04-01 0 days 1,866 sqft
    2018-05-01 0 days 1,836 sqft
    2018-06-01 0 days 1,824 sqft
    2018-07-01 0 days 1,789 sqft
    2018-08-01 0 days 1,821 sqft
    2018-09-01 0 days 1,805 sqft
    2018-10-01 0 days 1,814 sqft
    2018-11-01 0 days 1,785 sqft
    2018-12-01 0 days 1,784 sqft
    2019-01-01 0 days 1,807 sqft
    2019-02-01 0 days 1,798 sqft
    2019-03-01 0 days 1,803 sqft
    2019-04-01 0 days 1,812 sqft
    2019-05-01 0 days 1,785 sqft
    2019-06-01 0 days 1,787 sqft
    2019-07-01 0 days 1,845 sqft
    2019-08-01 0 days 1,855 sqft
    2019-09-01 0 days 1,857 sqft
    2019-10-01 0 days 1,858 sqft
    2019-11-01 0 days 1,918 sqft
    2019-12-01 0 days 1,854 sqft
    2020-01-01 0 days 1,788 sqft
    2020-02-01 0 days 1,744 sqft
    2020-03-01 0 days 1,656 sqft
    2020-04-01 0 days 1,674 sqft
    2020-05-01 0 days 1,660 sqft
    2020-06-01 0 days 1,656 sqft
    2020-07-01 0 days 1,665 sqft
    2020-08-01 0 days 1,601 sqft
    2020-09-01 0 days 1,620 sqft
    2020-10-01 0 days 1,620 sqft
    2020-11-01 0 days 1,690 sqft
    2020-12-01 0 days 1,665 sqft
    2021-01-01 0 days 1,578 sqft
    2021-02-01 0 days 1,564 sqft
    2021-03-01 0 days 1,585 sqft
    2021-04-01 0 days 1,596 sqft
    2021-05-01 0 days 1,588 sqft
    2021-06-01 0 days 1,653 sqft
    2021-07-01 0 days 1,720 sqft
    2021-08-01 0 days 1,687 sqft
    2021-09-01 0 days 1,714 sqft
    2021-10-01 0 days 1,798 sqft
    2021-11-01 0 days 1,793 sqft
    2021-12-01 0 days 1,778 sqft
    2022-01-01 0 days 1,795 sqft
    2022-02-01 0 days 1,738 sqft
    2022-03-01 0 days 1,745 sqft
    2022-04-01 0 days 1,797 sqft
    2022-05-01 0 days 1,764 sqft
    2022-06-01 0 days 1,707 sqft
    2022-07-01 0 days 1,682 sqft
    2022-08-01 0 days 1,691 sqft
    2022-09-01 0 days 1,766 sqft
    2022-10-01 0 days 1,752 sqft
    2022-11-01 0 days 1,726 sqft
    2022-12-01 0 days 1,685 sqft
    2023-01-01 0 days 1,614 sqft
    2023-02-01 0 days 1,549 sqft
    2023-03-01 0 days 1,559 sqft
    2023-04-01 0 days 1,603 sqft
    2023-05-01 0 days 1,645 sqft
    2023-06-01 0 days 1,717 sqft
    2023-07-01 0 days 1,742 sqft
    2023-08-01 0 days 1,736 sqft
    2023-09-01 0 days 1,683 sqft
    2023-10-01 0 days 1,712 sqft
    2023-11-01 0 days 1,743 sqft
    2023-12-01 0 days 1,741 sqft
    2024-01-01 0 days 1,696 sqft
    2024-02-01 0 days 1,739 sqft
    2024-03-01 0 days 1,724 sqft
    2024-04-01 0 days 1,744 sqft
    2024-05-01 0 days 1,749 sqft
    2024-06-01 0 days 1,785 sqft
    2024-07-01 0 days 1,802 sqft
    2024-08-01 0 days 1,755 sqft
    2024-09-01 0 days 1,791 sqft
    2024-10-01 0 days 1,787 sqft
    2024-11-01 0 days 1,746 sqft
    Moses Lake's median listing age (time on market) for 2024-11-01 was 0 days.

    Moses Lake's median square footage for active listings during the 2024-11-01 period was 1,746 sqft. One year prior, the average listing was 1,743 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.