Moses Lake VA Loan Rates, Closing Costs & Stats

Moses Lake, 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.

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 6.82% for the week of 2024-11-01, compared to the national average (all VA variants) of 6.305% for the same period.

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

The average rate for the prior week (2024-10-25) was 6.28% and one month ago for the week of 2024-09-27, the average rate was 5.63%.

The average rate one year ago was 7.96%.

For refis of the same type during the week of 2024-11-01, the average rate was 6.31%.

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
Moses Lake's median listing price for 2024-10-01 was $441,675, a difference of $50,021 (12.8%) versus the prior year and $-5,038 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 2024-10-01 was $506,547, a difference of $-1,553 (-0.3%) versus the prior year and $-1,054 versus the prior month.

For the 2024-10-01 period, Moses Lake had 333 MLS listings, a difference of 3 listings (1%) versus the prior month and 126 listings (61%) 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
Moses Lake's median listing age (time on market) for 2024-10-01 was 0 days.

Moses Lake's median square footage for active listings during the 2024-10-01 period was 1,787 sqft. One year prior, the average listing was 1,712 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.