Mount Vernon VA Loan Rates, Closing Costs & Stats

MOUNT VERNON-ANACORTES, 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.

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.