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%.

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.