Mount Vernon VA Loans
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 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 95 lenders originated 931 VA loans during 2021. The total origination value was $359,035,000, with an average VA loan value of $385,644.
Mount Vernon VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Mount Vernon
averaged
5.46%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.69% and
one month ago for the week of 2022-04-08, the
average rate was 5.21%.
The average rate one year ago was 2.83%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.24%.
Mount Vernon VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Mount Vernon level.
The top Mount Vernon VA lender as defined by loan originations is CALIBER HOME LOANS, INC., with
84 VA loans originated. Their average total fees are
$8,598, which is $662
higher than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Mount Vernon VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,647), FREEDOM MORTGAGE CORPORATION ($3,187), Wells Fargo Bank ($3,722), USAA Federal Savings Bank ($4,197) and HOME POINT FINANCIAL CORPORATION ($4,526).
The lowest rate Mount Vernon VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (2.26%), Bank of the Pacific (2.31%), FREEDOM MORTGAGE CORPORATION (2.35%), LOANDEPOT.COM, LLC (2.35%) and HOME POINT FINANCIAL CORPORATION (2.38%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Mount Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $399,000 (10.5%) | $630,143 (17.1%) | 0.00 | 290 |
2018-02-01 | $419,925 (14.7%) | $649,073 (19.1%) | 0.00 | 275 |
2018-03-01 | $435,000 (21.0%) | $664,691 (23.2%) | 0.00 | 276 |
2018-04-01 | $457,500 (23.3%) | $673,903 (21.5%) | 0.00 | 300 |
2018-05-01 | $462,750 (21.9%) | $652,905 (16.6%) | 0.00 | 351 |
2018-06-01 | $479,900 (13.7%) | $667,256 (9.4%) | 0.00 | 377 |
2018-07-01 | $497,000 (22.8%) | $665,642 (11.9%) | 0.00 | 401 |
2018-08-01 | $479,900 (19.2%) | $644,951 (10.0%) | 0.00 | 456 |
2018-09-01 | $459,900 (13.6%) | $629,374 (9.3%) | 0.00 | 473 |
2018-10-01 | $455,000 (13.1%) | $612,351 (5.6%) | 0.00 | 460 |
2018-11-01 | $449,000 (10.2%) | $616,029 (2.4%) | 0.00 | 424 |
2018-12-01 | $445,000 (11.3%) | $624,640 (-0.1%) | 0.00 | 382 |
2019-01-01 | $442,450 (10.9%) | $647,637 (2.8%) | 0.00 | 329 |
2019-02-01 | $489,975 (16.7%) | $666,198 (2.6%) | 0.00 | 299 |
2019-03-01 | $487,100 (12.0%) | $656,164 (-1.3%) | 0.00 | 319 |
2019-04-01 | $487,100 (6.5%) | $653,531 (-3.0%) | 0.00 | 348 |
2019-05-01 | $467,500 (1.0%) | $680,720 (4.3%) | 0.00 | 377 |
2019-06-01 | $450,000 (-6.2%) | $665,748 (-0.2%) | 0.00 | 421 |
2019-07-01 | $432,000 (-13.1%) | $638,416 (-4.1%) | 0.00 | 442 |
2019-08-01 | $441,000 (-8.1%) | $636,865 (-1.3%) | 0.00 | 448 |
2019-09-01 | $448,000 (-2.6%) | $633,602 (0.7%) | 0.00 | 440 |
2019-10-01 | $427,000 (-6.2%) | $605,726 (-1.1%) | 0.00 | 447 |
2019-11-01 | $430,000 (-4.2%) | $618,480 (0.4%) | 0.00 | 378 |
2019-12-01 | $445,900 (0.2%) | $630,195 (0.9%) | 0.00 | 328 |
2020-01-01 | $448,500 (1.4%) | $620,083 (-4.3%) | 0.00 | 276 |
2020-02-01 | $440,000 (-10.2%) | $603,090 (-9.5%) | 0.00 | 269 |
2020-03-01 | $461,950 (-5.2%) | $622,127 (-5.2%) | 0.00 | 288 |
2020-04-01 | $480,450 (-1.4%) | $639,977 (-2.1%) | 0.00 | 307 |
2020-05-01 | $465,900 (-0.3%) | $628,860 (-7.6%) | 0.00 | 331 |
2020-06-01 | $475,950 (5.8%) | $631,199 (-5.2%) | 0.00 | 304 |
2020-07-01 | $487,450 (12.8%) | $648,708 (1.6%) | 0.00 | 285 |
2020-08-01 | $499,000 (13.2%) | $670,673 (5.3%) | 0.00 | 270 |
2020-09-01 | $492,000 (9.8%) | $668,634 (5.5%) | 0.00 | 280 |
2020-10-01 | $480,000 (12.4%) | $681,374 (12.5%) | 0.00 | 236 |
2020-11-01 | $509,000 (18.4%) | $721,039 (16.6%) | 0.00 | 137 |
2020-12-01 | $547,000 (22.7%) | $744,636 (18.2%) | 0.00 | 117 |
2021-01-01 | $525,000 (17.1%) | $727,139 (17.3%) | 0.00 | 103 |
2021-02-01 | $526,250 (19.6%) | $780,383 (29.4%) | 0.00 | 90 |
2021-03-01 | $496,850 (7.6%) | $718,653 (15.5%) | 0.00 | 101 |
2021-04-01 | $519,500 (8.1%) | $727,923 (13.7%) | 0.00 | 114 |
2021-05-01 | $550,000 (18.1%) | $756,701 (20.3%) | 0.00 | 118 |
2021-06-01 | $555,625 (16.7%) | $768,864 (21.8%) | 0.00 | 131 |
2021-07-01 | $594,450 (22.0%) | $846,667 (30.5%) | 0.00 | 144 |
2021-08-01 | $596,000 (19.4%) | $813,849 (21.4%) | 0.00 | 161 |
2021-09-01 | $599,450 (21.8%) | $784,956 (17.4%) | 0.00 | 174 |
2021-10-01 | $599,900 (25.0%) | $803,896 (18.0%) | 0.00 | 169 |
2021-11-01 | $606,250 (19.1%) | $820,495 (13.8%) | 0.00 | 128 |
2021-12-01 | $598,625 (9.4%) | $834,923 (12.1%) | 0.00 | 111 |
2022-01-01 | $575,000 (9.5%) | $871,643 (19.9%) | 0.00 | 90 |
2022-02-01 | $582,500 (10.7%) | $817,633 (4.8%) | 0.00 | 94 |
2022-03-01 | $599,900 (20.7%) | $788,306 (9.7%) | 0.00 | 105 |
2022-04-01 | $629,000 (21.1%) | $864,718 (18.8%) | 0.00 | 131 |
Mount Vernon's median listing price comes in at 0% of the national average.
Mount Vernon's average listing price for 2022-04-01 was $864,718, a difference of $136,795 (18.8%) versus the prior year and $76,412 versus the prior month.
For the 2022-04-01 period, Mount Vernon had 131 MLS listings, a difference of 26 listings (25%) versus the prior month and 17 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. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,055 sqft |
2018-02-01 | 0 days | 2,094 sqft |
2018-03-01 | 0 days | 2,015 sqft |
2018-04-01 | 0 days | 2,108 sqft |
2018-05-01 | 0 days | 2,121 sqft |
2018-06-01 | 0 days | 2,114 sqft |
2018-07-01 | 0 days | 2,141 sqft |
2018-08-01 | 0 days | 2,095 sqft |
2018-09-01 | 0 days | 2,081 sqft |
2018-10-01 | 0 days | 2,006 sqft |
2018-11-01 | 0 days | 2,008 sqft |
2018-12-01 | 0 days | 2,016 sqft |
2019-01-01 | 0 days | 2,038 sqft |
2019-02-01 | 0 days | 2,136 sqft |
2019-03-01 | 0 days | 2,079 sqft |
2019-04-01 | 0 days | 2,032 sqft |
2019-05-01 | 0 days | 1,986 sqft |
2019-06-01 | 0 days | 1,924 sqft |
2019-07-01 | 0 days | 1,903 sqft |
2019-08-01 | 0 days | 1,911 sqft |
2019-09-01 | 0 days | 1,922 sqft |
2019-10-01 | 0 days | 1,883 sqft |
2019-11-01 | 0 days | 1,944 sqft |
2019-12-01 | 0 days | 1,951 sqft |
2020-01-01 | 0 days | 1,916 sqft |
2020-02-01 | 0 days | 1,897 sqft |
2020-03-01 | 0 days | 1,916 sqft |
2020-04-01 | 0 days | 1,959 sqft |
2020-05-01 | 0 days | 1,914 sqft |
2020-06-01 | 0 days | 1,952 sqft |
2020-07-01 | 0 days | 1,961 sqft |
2020-08-01 | 0 days | 1,928 sqft |
2020-09-01 | 0 days | 1,905 sqft |
2020-10-01 | 0 days | 1,924 sqft |
2020-11-01 | 0 days | 1,904 sqft |
2020-12-01 | 0 days | 1,984 sqft |
2021-01-01 | 0 days | 1,969 sqft |
2021-02-01 | 0 days | 1,875 sqft |
2021-03-01 | 0 days | 1,789 sqft |
2021-04-01 | 0 days | 1,850 sqft |
2021-05-01 | 0 days | 1,878 sqft |
2021-06-01 | 0 days | 1,870 sqft |
2021-07-01 | 0 days | 2,063 sqft |
2021-08-01 | 0 days | 2,045 sqft |
2021-09-01 | 0 days | 2,016 sqft |
2021-10-01 | 0 days | 1,968 sqft |
2021-11-01 | 0 days | 1,952 sqft |
2021-12-01 | 0 days | 1,918 sqft |
2022-01-01 | 0 days | 1,900 sqft |
2022-02-01 | 0 days | 1,818 sqft |
2022-03-01 | 0 days | 1,793 sqft |
2022-04-01 | 0 days | 1,809 sqft |
Mount Vernon's median square footage for active listings during the 2022-04-01 period was 1,809 sqft. One year prior, the average listing was 1,850 sqft.