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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.