Mount Vernon VA Loan Rates, Closing Costs & Stats

MOUNT VERNON-ANACORTES, WA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 47 lenders originated 190 VA loans during 2024. The total origination value was $99,030,000, with an average VA loan value of $521,211.

    Mount Vernon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Mount Vernon averaged 6.91% for the week of 2025-05-09, compared to the national average (all VA variants) of 6.369% for the same period.

    Mount Vernon's average VA mortgage closing costs are $8,392.

    The average rate for the prior week (2025-05-02) was 6.92% and one month ago for the week of 2025-04-04, the average rate was 6.57%.

    The average rate one year ago was 7.06%.

    For refis of the same type during the week of 2025-05-09, the average rate was 6.69%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 24 5.68% $6,847
    Mortgage Research Center, LLC 18 5.83% $7,577
    QUICKEN LOANS, LLC 15 5.96% $10,811
    FREEDOM MORTGAGE CORPORATION 12 6.46% $17,522
    CMG MORTGAGE, INC. 10 6.09% $14,394
    GUILD MORTGAGE COMPANY 9 6.24% $20,594
    CORNERSTONE HOME LENDING, INC. 7 6.61% $8,585
    MOVEMENT MORTGAGE, LLC 7 6.38% $8,250
    ENVOY MORTGAGE, LTD 7 5.80% $11,728
    CROSSCOUNTRY MORTGAGE, LLC 6 6.43% $8,332
    NAVY FEDERAL CREDIT UNION 5 6.05% $8,993
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.15% $15,317
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 5 6.50% $12,686
    PENNYMAC LOAN SERVICES, LLC 4 5.84% $16,520
    NEWREZ LLC 3 5.71% $17,031
    NBKC BANK 2 5.56% $18,268
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.44% $12,869
    The Federal Savings Bank 2 6.44% $15,319
    ON Q FINANCIAL, INC. 2 5.87% $12,189
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.13% $5,131
    WHATCOM EDUCATIONAL CREDIT UNION 2 5.81% $6,465
    PLANET HOME LENDING, LLC 2 4.37% $4,801
    PENTAGON FEDERAL CREDIT UNION 2 5.44% $0
    BROKER SOLUTIONS, INC. 2 6.88% $16,376
    NATIONS DIRECT MORTGAGE, LLC 1 6.75% $8,630
    Alaska USA Federal Credit Union 1 6.25% $5,450
    NFM, INC. 1 5.75% $7,191
    Paramount Residential Mortgage Group, Inc. 1 6.75% $8,020
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.99% $13,692
    Barrington Bank & Trust Company, N.A. 1 6.25% $8,490
    SCENIC OAKS FUNDING, INC. 1 6.25% $4,933
    SUN WEST MORTGAGE COMPANY, INC. 1 5.38% $39,442
    Umpqua Bank 1 5.75% $9,724
    Banner Bank 1 6.25% $4,602
    VILLAGE CAPITAL MORTGAGE 1 5.25% $1,328
    FIRST COLONY MORTGAGE CORPORATION 1 5.75% $1,762
    ZILLOW HOME LOANS, LLC 1 6.13% $10,616
    First Federal Bank 1 5.25% $3,097
    GoPrime Mortgage, Inc. 1 5.63% $11,717
    DIRECTORS MORTGAGE, INC. 1 6.50% $24,222
    JPMorgan Chase Bank 1 5.99% $3,296
    LOANDEPOT.COM, LLC 1 6.63% $4,586
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.49% $27,808
    Mid-Continent Funding, Inc. 1 5.75% $7,073
    MORIA DEVELOPMENT, INC. 1 6.63% $11,541
    DAS Acquisition Company, LLC 1 7.25% $0
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $19,896

    The top Mount Vernon VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 24 VA loans originated. Their average total fees are $6,847, which is $729 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Mount Vernon VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($6,847), Mortgage Research Center, LLC ($7,577), QUICKEN LOANS, LLC ($10,811), CMG MORTGAGE, INC. ($14,394) and FREEDOM MORTGAGE CORPORATION ($17,522).

    The lowest rate Mount Vernon VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.68%), Mortgage Research Center, LLC (5.83%), QUICKEN LOANS, LLC (5.96%), CMG MORTGAGE, INC. (6.09%) and FREEDOM MORTGAGE CORPORATION (6.46%).

    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.