Mount Vernon VA Loan Rates, Closing Costs & Stats

MOUNT VERNON-ANACORTES, 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.

    Mount Vernon's 64 lenders originated 261 VA loans during 2022. The total origination value was $128,925,000, with an average VA loan value of $493,966.

    Mount Vernon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Mount Vernon averaged -0.08% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Mount Vernon's average VA mortgage closing costs are $7,965.

    The average rate for the prior week (2023-11-17) was 6.87% and one month ago for the week of 2023-10-20, the average rate was 7.1%.

    The average rate one year ago was 6.01%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.45%.

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

    Mount Vernon 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 Mount Vernon level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    HOMEBRIDGE FINANCIAL SERVICES, INC. 24 4.51% $13,960
    CALIBER HOME LOANS, INC. 20 4.46% $13,274
    UNITED WHOLESALE MORTGAGE, LLC 17 4.16% $11,746
    Mortgage Research Center, LLC 17 5.12% $13,079
    GUILD MORTGAGE COMPANY 16 4.02% $15,830
    QUICKEN LOANS, LLC 15 3.70% $17,202
    NAVY FEDERAL CREDIT UNION 11 4.15% $7,463
    LOANDEPOT.COM, LLC 10 3.92% $18,376
    CROSSCOUNTRY MORTGAGE, LLC 8 4.45% $17,845
    HOME POINT FINANCIAL CORPORATION 8 3.20% $11,106
    FREEDOM MORTGAGE CORPORATION 7 4.43% $15,691
    PENNYMAC LOAN SERVICES, LLC 6 3.04% $9,099
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 5.03% $13,318
    BROKER SOLUTIONS, INC. 5 5.40% $23,499
    The Federal Savings Bank 5 5.00% $23,350
    ENVOY MORTGAGE, LTD 5 4.33% $9,512
    Umpqua Bank 4 4.41% $8,782
    CORNERSTONE HOME LENDING, INC. 4 3.97% $6,823
    NBKC BANK 4 4.00% $16,992
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.83% $5,593
    Magnolia Bank 3 3.71% $18,801
    Carrington Mortgage Services, LLC 3 4.42% $8,057
    ACADEMY MORTGAGE CORPORATION 3 4.42% $25,080
    Paramount Residential Mortgage Group, Inc. 2 4.81% $16,485
    AMERISAVE MORTGAGE CORPORATION 2 4.00% $15,429
    BAY EQUITY LLC 2 3.25% $27,538
    CMG MORTGAGE, INC. 2 4.69% $6,339
    FINANCE OF AMERICA MORTGAGE LLC 2 3.93% $12,457
    KeyBank 2 3.19% $2,523
    NEWREZ LLC 2 5.00% $8,252
    NFM, INC. 2 4.75% $17,873
    SUMMIT FUNDING, INC. 2 4.75% $12,864
    USAA Federal Savings Bank 2 4.31% $10,545
    Victorian Finance, LLC 2 5.69% $14,353
    First Federal Bank 1 4.75% $17,833
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 4.50% $10,568
    MANN FINANCIAL INC. 1 4.63% $3,031
    MEMBER FIRST MORTGAGE, LLC 1 4.63% $3,510
    EMBRACE HOME LOANS, INC. 1 5.75% $6,793
    MOVEMENT MORTGAGE, LLC 1 5.13% $7,889
    Mr. Cooper ( Nationstar Mortgage ) 1 4.25% $8,428
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.13% $2,865
    Cornerstone First Mortgage, Inc 1 5.75% $5,977
    Columbia State Bank 1 2.99% $25,146
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.00% $25,686
    AMERICAN FINANCING CORPORATION 1 5.13% $5,991
    North American Savings Bank, F.S.B. 1 5.25% $14,949
    CARDINAL FINANCIAL 1 4.75% $40,826
    BKCO MORTGAGE, LLC 1 3.88% $8,108
    PLANET HOME LENDING, LLC 1 3.25% $8,624
    PREMIA MORTGAGE, LLC 1 3.88% $16,638
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.00% $3,713
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.50% $9,140
    Armed Forces Bank 1 4.75% $6,759
    RESIDENTIAL BANCORP 1 4.38% $8,273
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.50% $13,873
    Servion, Inc. 1 5.50% $9,868
    Strong Home Mortgage, LLC 1 4.38% $21,543
    GUARANTEED RATE, INC. 1 2.63% $13,579
    GENEVA FINANCIAL, LLC 1 5.25% $20,185
    Flagstar Bank, FSB 1 5.25% $26,352
    JPMorgan Chase Bank 1 3.50% $13,296
    AMERICAN ADVISORS GROUP 1 3.75% $8,559
    LAKEVIEW LOAN SERVICING, LLC 1 2.38% $5,576

    The top Mount Vernon VA lender as defined by loan originations is HOMEBRIDGE FINANCIAL SERVICES, INC., with 24 VA loans originated. Their average total fees are $13,960, which is $686 higher than the next largest lender, CALIBER HOME LOANS, INC..

    The lowest fee Mount Vernon VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($7,463), UNITED WHOLESALE MORTGAGE, LLC ($11,746), Mortgage Research Center, LLC ($13,079), CALIBER HOME LOANS, INC. ($13,274) and HOMEBRIDGE FINANCIAL SERVICES, INC. ($13,960).

    The lowest rate Mount Vernon VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.70%), LOANDEPOT.COM, LLC (3.92%), GUILD MORTGAGE COMPANY (4.02%), NAVY FEDERAL CREDIT UNION (4.15%) and UNITED WHOLESALE MORTGAGE, LLC (4.16%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mount Vernon (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 $399,500 (11.1%) $617,046 (18.4%) 0.00 275
    2018-02-01 $418,588 (14.5%) $629,984 (20.9%) 0.00 266
    2018-03-01 $437,000 (20.2%) $648,294 (25.3%) 0.00 264
    2018-04-01 $468,750 (25.0%) $662,821 (23.3%) 0.00 287
    2018-05-01 $468,430 (22.5%) $637,518 (16.8%) 0.00 344
    2018-06-01 $475,000 (12.1%) $651,033 (9.5%) 0.00 368
    2018-07-01 $497,000 (22.7%) $655,852 (12.4%) 0.00 382
    2018-08-01 $476,975 (16.0%) $632,946 (9.8%) 0.00 443
    2018-09-01 $465,000 (11.3%) $621,670 (9.1%) 0.00 462
    2018-10-01 $454,400 (9.2%) $607,515 (5.6%) 0.00 448
    2018-11-01 $446,750 (7.2%) $602,980 (2.9%) 0.00 407
    2018-12-01 $439,925 (9.3%) $613,891 (1.1%) 0.00 360
    2019-01-01 $439,475 (10.0%) $633,036 (2.6%) 0.00 313
    2019-02-01 $487,500 (16.5%) $659,151 (4.6%) 0.00 285
    2019-03-01 $483,193 (10.6%) $645,379 (-0.5%) 0.00 307
    2019-04-01 $478,168 (2.0%) $632,152 (-4.6%) 0.00 334
    2019-05-01 $460,000 (-1.8%) $654,299 (2.6%) 0.00 365
    2019-06-01 $439,000 (-7.6%) $638,758 (-1.9%) 0.00 412
    2019-07-01 $426,000 (-14.3%) $620,541 (-5.4%) 0.00 436
    2019-08-01 $426,455 (-10.6%) $615,690 (-2.7%) 0.00 440
    2019-09-01 $425,636 (-8.5%) $605,806 (-2.6%) 0.00 432
    2019-10-01 $422,500 (-7.0%) $599,217 (-1.4%) 0.00 424
    2019-11-01 $430,000 (-3.8%) $617,073 (2.3%) 0.00 363
    2019-12-01 $442,000 (0.5%) $622,372 (1.4%) 0.00 311
    2020-01-01 $447,750 (1.9%) $624,371 (-1.4%) 0.00 267
    2020-02-01 $441,900 (-9.4%) $609,863 (-7.5%) 0.00 262
    2020-03-01 $462,450 (-4.3%) $626,081 (-3.0%) 0.00 281
    2020-04-01 $487,000 (1.9%) $647,945 (2.5%) 0.00 298
    2020-05-01 $464,200 (0.9%) $628,137 (-4.0%) 0.00 317
    2020-06-01 $462,000 (5.2%) $624,596 (-2.2%) 0.00 296
    2020-07-01 $484,700 (13.8%) $647,296 (4.3%) 0.00 275
    2020-08-01 $499,000 (17.0%) $660,109 (7.2%) 0.00 267
    2020-09-01 $491,475 (15.5%) $662,279 (9.3%) 0.00 271
    2020-10-01 $489,000 (15.7%) $673,631 (12.4%) 0.00 225
    2020-11-01 $512,000 (19.1%) $697,824 (13.1%) 0.00 137
    2020-12-01 $545,500 (23.4%) $738,683 (18.7%) 0.00 113
    2021-01-01 $528,000 (17.9%) $712,109 (14.1%) 0.00 98
    2021-02-01 $517,500 (17.1%) $757,225 (24.2%) 0.00 92
    2021-03-01 $497,000 (7.5%) $709,657 (13.4%) 0.00 99
    2021-04-01 $524,500 (7.7%) $732,553 (13.1%) 0.00 114
    2021-05-01 $565,000 (21.7%) $764,799 (21.8%) 0.00 122
    2021-06-01 $562,438 (21.7%) $776,874 (24.4%) 0.00 130
    2021-07-01 $597,000 (23.2%) $835,148 (29.0%) 0.00 146
    2021-08-01 $594,063 (19.1%) $806,859 (22.2%) 0.00 163
    2021-09-01 $599,000 (21.9%) $786,470 (18.8%) 0.00 175
    2021-10-01 $599,900 (22.7%) $794,789 (18.0%) 0.00 172
    2021-11-01 $599,900 (17.2%) $791,399 (13.4%) 0.00 127
    2021-12-01 $600,450 (10.1%) $809,042 (9.5%) 0.00 113
    2022-01-01 $575,000 (8.9%) $839,594 (17.9%) 0.00 89
    2022-02-01 $584,750 (13.0%) $814,246 (7.5%) 0.00 96
    2022-03-01 $599,938 (20.7%) $796,352 (12.2%) 0.00 106
    2022-04-01 $622,500 (18.7%) $863,287 (17.9%) 0.00 134
    2022-05-01 $619,999 (9.7%) $840,030 (9.8%) 0.00 170
    2022-06-01 $621,500 (10.5%) $828,107 (6.6%) 0.00 211
    2022-07-01 $600,000 (0.5%) $781,727 (-6.4%) 0.00 265
    2022-08-01 $599,925 (1.0%) $763,318 (-5.4%) 0.00 304
    2022-09-01 $612,500 (2.3%) $760,796 (-3.3%) 0.00 302
    2022-10-01 $632,500 (5.4%) $767,767 (-3.4%) 0.00 280
    2022-11-01 $637,500 (6.3%) $760,825 (-3.9%) 0.00 266
    2022-12-01 $616,875 (2.7%) $751,453 (-7.1%) 0.00 226
    2023-01-01 $596,850 (3.8%) $728,909 (-13.2%) 0.00 189
    2023-02-01 $604,325 (3.4%) $756,493 (-7.1%) 0.00 161
    2023-03-01 $616,725 (2.8%) $780,151 (-2.0%) 0.00 145
    2023-04-01 $657,250 (5.6%) $833,902 (-3.4%) 0.00 168
    2023-05-01 $644,500 (4.0%) $815,160 (-3.0%) 0.00 185
    2023-06-01 $631,488 (1.6%) $877,882 (6.0%) 0.00 204
    2023-07-01 $693,500 (15.6%) $923,029 (18.1%) 0.00 206
    2023-08-01 $694,000 (15.7%) $922,218 (20.8%) 0.00 222
    2023-09-01 $704,000 (14.9%) $956,945 (25.8%) 0.00 233
    2023-10-01 $724,500 (14.6%) $961,824 (25.3%) 0.00 239
    Mount Vernon's median listing price for 2023-10-01 was $724,500, a difference of $92,000 (14.6%) versus the prior year and $20,500 versus the prior month.

    Mount Vernon's median listing price comes in at 0% of the national average.

    Mount Vernon's average listing price for 2023-10-01 was $961,824, a difference of $194,057 (25.3%) versus the prior year and $4,879 versus the prior month.

    For the 2023-10-01 period, Mount Vernon had 239 MLS listings, a difference of 6 listings (3%) versus the prior month and -41 listings (-15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mount Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,036 sqft
    2018-02-01 0 days 2,094 sqft
    2018-03-01 0 days 2,068 sqft
    2018-04-01 0 days 2,151 sqft
    2018-05-01 0 days 2,135 sqft
    2018-06-01 0 days 2,160 sqft
    2018-07-01 0 days 2,167 sqft
    2018-08-01 0 days 2,094 sqft
    2018-09-01 0 days 2,039 sqft
    2018-10-01 0 days 2,007 sqft
    2018-11-01 0 days 2,005 sqft
    2018-12-01 0 days 2,008 sqft
    2019-01-01 0 days 2,030 sqft
    2019-02-01 0 days 2,104 sqft
    2019-03-01 0 days 2,058 sqft
    2019-04-01 0 days 2,008 sqft
    2019-05-01 0 days 1,979 sqft
    2019-06-01 0 days 1,914 sqft
    2019-07-01 0 days 1,899 sqft
    2019-08-01 0 days 1,891 sqft
    2019-09-01 0 days 1,880 sqft
    2019-10-01 0 days 1,880 sqft
    2019-11-01 0 days 1,920 sqft
    2019-12-01 0 days 1,918 sqft
    2020-01-01 0 days 1,920 sqft
    2020-02-01 0 days 1,897 sqft
    2020-03-01 0 days 1,919 sqft
    2020-04-01 0 days 1,980 sqft
    2020-05-01 0 days 1,907 sqft
    2020-06-01 0 days 1,920 sqft
    2020-07-01 0 days 1,934 sqft
    2020-08-01 0 days 1,924 sqft
    2020-09-01 0 days 1,897 sqft
    2020-10-01 0 days 1,923 sqft
    2020-11-01 0 days 1,886 sqft
    2020-12-01 0 days 2,005 sqft
    2021-01-01 0 days 1,919 sqft
    2021-02-01 0 days 1,823 sqft
    2021-03-01 0 days 1,786 sqft
    2021-04-01 0 days 1,816 sqft
    2021-05-01 0 days 1,888 sqft
    2021-06-01 0 days 1,866 sqft
    2021-07-01 0 days 2,022 sqft
    2021-08-01 0 days 2,026 sqft
    2021-09-01 0 days 2,014 sqft
    2021-10-01 0 days 1,966 sqft
    2021-11-01 0 days 1,946 sqft
    2021-12-01 0 days 1,904 sqft
    2022-01-01 0 days 1,871 sqft
    2022-02-01 0 days 1,800 sqft
    2022-03-01 0 days 1,801 sqft
    2022-04-01 0 days 1,809 sqft
    2022-05-01 0 days 1,850 sqft
    2022-06-01 0 days 1,917 sqft
    2022-07-01 0 days 1,929 sqft
    2022-08-01 0 days 1,910 sqft
    2022-09-01 0 days 1,880 sqft
    2022-10-01 0 days 1,949 sqft
    2022-11-01 0 days 1,955 sqft
    2022-12-01 0 days 1,942 sqft
    2023-01-01 0 days 1,936 sqft
    2023-02-01 0 days 1,974 sqft
    2023-03-01 0 days 2,020 sqft
    2023-04-01 0 days 2,128 sqft
    2023-05-01 0 days 1,930 sqft
    2023-06-01 0 days 1,962 sqft
    2023-07-01 0 days 2,013 sqft
    2023-08-01 0 days 2,072 sqft
    2023-09-01 0 days 2,014 sqft
    2023-10-01 0 days 2,135 sqft
    Mount Vernon's median listing age (time on market) for 2023-10-01 was 0 days.

    Mount Vernon's median square footage for active listings during the 2023-10-01 period was 2,135 sqft. One year prior, the average listing was 1,949 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.