Mount Vernon VA Loans

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 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%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Mount Vernon level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    CALIBER HOME LOANS, INC. 84 2.54% $8,598
    GUILD MORTGAGE COMPANY 57 2.53% $7,936
    FREEDOM MORTGAGE CORPORATION 54 2.35% $3,187
    QUICKEN LOANS, LLC 47 2.42% $6,601
    HOMEBRIDGE FINANCIAL SERVICES, INC. 45 2.64% $10,517
    PENNYMAC LOAN SERVICES, LLC 39 2.26% $7,089
    LOANDEPOT.COM, LLC 32 2.35% $4,969
    NAVY FEDERAL CREDIT UNION 31 2.54% $5,222
    Mortgage Research Center, LLC 31 2.78% $7,707
    Bank of the Pacific 28 2.31% $5,124
    UNITED WHOLESALE MORTGAGE, LLC 23 2.43% $5,505
    Umpqua Bank 20 2.68% $8,199
    USAA Federal Savings Bank 17 2.81% $4,197
    LAKEVIEW LOAN SERVICING, LLC 17 2.41% $2,647
    HOME POINT FINANCIAL CORPORATION 15 2.38% $4,526
    Peoples Bank 15 2.54% $6,146
    The Federal Savings Bank 12 2.57% $14,575
    CORNERSTONE HOME LENDING, INC. 11 2.91% $7,093
    Wells Fargo Bank 11 2.57% $3,722
    AMERICAN PACIFIC MORTGAGE CORPORATION 11 2.82% $10,437
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 2.88% $11,173
    ACADEMY MORTGAGE CORPORATION 9 2.71% $9,389
    Banner Bank 8 2.27% $8,330
    ENVOY MORTGAGE, LTD 8 2.80% $12,697
    NEW DAY FINANCIAL, LLC 8 2.59% $10,482
    BROKER SOLUTIONS, INC. 7 2.75% $6,827
    NEWREZ LLC 7 2.50% $6,026
    Mr. Cooper ( Nationstar Mortgage ) 7 2.71% $6,606
    Carrington Mortgage Services, LLC 7 2.84% $5,434
    BAY EQUITY LLC 6 2.96% $6,510
    VILLAGE CAPITAL & INVESTMENT LLC 6 2.29% $3,657
    Wolfe Financial, Inc 5 2.78% $7,623
    Alaska USA Mortgage Company LLC 5 2.78% $4,592
    Alaska USA Federal Credit Union 5 2.78% $4,592
    CMG MORTGAGE, INC. 4 3.03% $13,984
    CROSSCOUNTRY MORTGAGE, LLC 4 3.06% $11,037
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 4 2.90% $10,750
    First Guaranty Mortgage Corporation 4 2.72% $4,524
    LEADERONE FINANCIAL CORPORATION 4 2.75% $5,167
    MOVEMENT MORTGAGE, LLC 4 2.63% $5,567
    NP, Inc. 4 2.25% $4,862
    Paramount Residential Mortgage Group, Inc. 4 2.75% $8,679
    PLANET HOME LENDING, LLC 4 2.53% $3,253
    AMERISAVE MORTGAGE CORPORATION 4 2.47% $7,108
    AMERICAN FINANCIAL NETWORK, INC. 4 2.69% $9,993
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.29% $8,829
    Willamette Valley Bank 3 2.42% $8,516
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.33% $16,454
    PENTAGON FEDERAL CREDIT UNION 3 2.33% $6,222
    NETWORK CAPITAL FUNDING CORPORATION 3 2.67% $1,761
    Victorian Finance, LLC 3 2.67% $14,990
    HomeStreet Bank 3 2.79% $9,055
    First Mortgage Solutions, LLC 3 2.29% $3,555
    SUN WEST MORTGAGE COMPANY, INC. 3 2.25% $2,520
    LENDUS, LLC 2 2.25% $3,867
    KS StateBank 2 2.63% $7,633
    BNC National Bank 2 2.38% $6,093
    BKCO MORTGAGE, LLC 2 2.75% $15,058
    CELEBRITY HOME LOANS, LLC 2 2.63% $8,844
    Equity Prime Mortgage LLC 2 3.00% $17,616
    NBKC BANK 2 2.25% $5,548
    ZILLOW HOME LOANS, LLC 2 2.56% $2,797
    NFM, INC. 2 3.00% $20,740
    North American Savings Bank, F.S.B. 2 2.25% $2,186
    ACCELERATE MORTGAGE, LLC 2 2.37% $6,280
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 2.38% $5,050
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 3.00% $9,530
    Truist Bank 2 2.93% $2,681
    CHURCHILL MORTGAGE CORPORATION 2 2.44% $8,251
    CONTOUR MORTGAGE CORPORATION 2 2.56% $15,316
    GUARANTEED RATE, INC. 2 2.56% $9,179
    Heritage Bank 2 2.81% $2,948
    Lakeview Community Capital, LLC 1 2.38% $2,766
    Meridian Bank Corporation 1 2.75% $4,857
    CANOPY MORTGAGE, LLC 1 2.75% $3,753
    Presidential Bank, FSB 1 2.50% $3,112
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.00% $7,866
    Magnolia Bank 1 2.75% $17,472
    Citizens Bank 1 2.25% $29,364
    Low VA Rates, LLC 1 2.25% $11,537
    Texana Bank 1 3.13% $4,913
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.25% $20,576
    InterContinental Capital Group, Inc 1 2.38% $5,353
    Barrington Bank & Trust Company, N.A. 1 3.25% $1,863
    CITYWIDE HOME LOANS, LLC 1 2.25% $3,701
    Commerce Home Mortgage, Inc. 1 2.25% $6,177
    UNION HOME MORTGAGE CORP. 1 2.25% $3,233
    DAS Acquisition Company, LLC 1 3.75% $15,567
    FirstBank 1 2.63% $2,869
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.25% $2,977
    Wallick & Volk, Inc. 1 2.75% $3,314
    U.S. Bank 1 3.13% $2,664
    AXIA FINANCIAL, LLC 1 2.75% $14,008
    PENRITH HOME LOANS LLC 1 2.50% $4,417
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.75% $29,648

    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. Louis
    Date 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 for 2022-04-01 was $629,000, a difference of $109,500 (21.1%) versus the prior year and $29,100 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 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. Louis
    Date 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 listing age (time on market) for 2022-04-01 was 0 days.

    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.

    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.