Oak Harbor VA Loan Rates, Closing Costs & Stats

Oak Harbor, 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 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.

    Oak Harbor's 58 lenders originated 375 VA loans during 2023. The total origination value was $169,815,000, with an average VA loan value of $452,840.

    Oak Harbor VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Oak Harbor averaged 6.03% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Oak Harbor's average VA mortgage closing costs are $7,943.

    The average rate for the prior week (2024-12-06) was 5.97% and one month ago for the week of 2024-11-08, the average rate was 6.46%.

    The average rate one year ago was 6.81%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.88%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Oak Harbor 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 Oak Harbor level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 57 5.70% $15,307
    ENVOY MORTGAGE, LTD 39 6.27% $13,035
    Mortgage Research Center, LLC 31 6.67% $8,726
    UNITED WHOLESALE MORTGAGE, LLC 28 6.10% $11,713
    CMG MORTGAGE, INC. 25 6.23% $15,707
    NAVY FEDERAL CREDIT UNION 25 5.76% $11,478
    Alaska USA Federal Credit Union 18 6.19% $11,396
    QUICKEN LOANS, LLC 13 6.32% $16,853
    CROSSCOUNTRY MORTGAGE, LLC 8 6.34% $10,333
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 5.91% $14,477
    AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.59% $15,365
    LOANDEPOT.COM, LLC 6 6.23% $11,233
    CORNERSTONE HOME LENDING, INC. 5 6.08% $15,016
    GUARANTEED RATE, INC. 4 6.12% $6,200
    The Federal Savings Bank 4 5.88% $22,649
    ACADEMY MORTGAGE CORPORATION 3 6.75% $14,649
    BROKER SOLUTIONS, INC. 3 5.79% $15,385
    DIRECTORS MORTGAGE, INC. 3 6.67% $14,668
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 7.25% $10,509
    MASON MCDUFFIE MORTGAGE CORPORATION 3 6.83% $13,179
    MOVEMENT MORTGAGE, LLC 3 6.29% $8,028
    NBKC BANK 3 5.79% $14,544
    Paramount Residential Mortgage Group, Inc. 3 6.29% $17,411
    PENNYMAC LOAN SERVICES, LLC 3 4.88% $10,519
    USAA Federal Savings Bank 3 6.04% $23,385
    U.S. Bank 2 5.94% $16,156
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.81% $17,545
    Banner Bank 2 5.63% $16,520
    FREEDOM MORTGAGE CORPORATION 2 6.00% $15,624
    AMERISAVE MORTGAGE CORPORATION 2 5.69% $32,000
    AMERICAN FINANCIAL NETWORK, INC. 2 6.88% $8,081
    T2 FINANCIAL LLC 1 6.00% $13,355
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.00% $26,796
    MOUNTAIN WEST FINANCIAL, INC. 1 5.50% $14,625
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $5,912
    Mr. Cooper ( Nationstar Mortgage ) 1 6.50% $16,680
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $37,232
    NEW DAY FINANCIAL, LLC 1 7.75% $20,105
    NFM, INC. 1 7.13% $3,932
    Wells Fargo Bank 1 4.88% $23,620
    PENTAGON FEDERAL CREDIT UNION 1 6.50% $3,004
    Plains Commerce Bank 1 7.13% $8,547
    PLANET HOME LENDING, LLC 1 2.25% $4,107
    PREMIA MORTGAGE, LLC 1 6.00% $6,649
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $29,059
    AmeriHome Mortgage Company, LLC 1 6.63% $24,668
    DAS Acquisition Company, LLC 1 7.88% $2,582
    SUMMIT FUNDING, INC. 1 6.13% $23,175
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $11,679
    Flagstar Bank, FSB 1 6.25% $28,958
    Century Mortgage Company DBA Century Lending Company 1 5.99% $18,964
    Heritage Bank 1 5.50% $15,094
    CARDINAL FINANCIAL 1 5.75% $20,034
    CALIBER HOME LOANS, INC. 1 5.75% $15,750
    JPMorgan Chase Bank 1 6.88% $7,696
    LEADERONE FINANCIAL CORPORATION 1 7.00% $12,656
    Barrington Bank & Trust Company, N.A. 1 7.75% $7,144
    Magnolia Bank 1 6.99% $16,096

    The top Oak Harbor VA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 57 VA loans originated. Their average total fees are $15,307, which is $2,271 higher than the next largest lender, ENVOY MORTGAGE, LTD.

    The lowest fee Oak Harbor VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,726), Alaska USA Federal Credit Union ($11,396), NAVY FEDERAL CREDIT UNION ($11,478), UNITED WHOLESALE MORTGAGE, LLC ($11,713) and ENVOY MORTGAGE, LTD ($13,035).

    The lowest rate Oak Harbor VA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (5.70%), NAVY FEDERAL CREDIT UNION (5.76%), UNITED WHOLESALE MORTGAGE, LLC (6.10%), Alaska USA Federal Credit Union (6.19%) and CMG MORTGAGE, INC. (6.23%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Oak Harbor (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 $409,925 (5.2%) $598,723 (9.2%) 0.00 222
    2018-02-01 $405,738 (1.5%) $596,354 (3.9%) 0.00 212
    2018-03-01 $415,000 (3.1%) $627,566 (6.2%) 0.00 220
    2018-04-01 $428,975 (3.4%) $622,783 (1.5%) 0.00 250
    2018-05-01 $439,925 (1.8%) $644,290 (-2.6%) 0.00 248
    2018-06-01 $459,000 (7.1%) $655,047 (4.0%) 0.00 283
    2018-07-01 $459,000 (3.2%) $646,173 (5.0%) 0.00 324
    2018-08-01 $444,450 (0.4%) $626,404 (4.4%) 0.00 343
    2018-09-01 $438,500 (0.8%) $618,977 (3.5%) 0.00 360
    2018-10-01 $429,975 (2.4%) $614,022 (5.1%) 0.00 370
    2018-11-01 $432,000 (2.9%) $622,463 (9.3%) 0.00 340
    2018-12-01 $429,000 (3.4%) $591,618 (3.8%) 0.00 310
    2019-01-01 $402,450 (-1.8%) $575,513 (-3.9%) 0.00 298
    2019-02-01 $421,975 (4.0%) $576,757 (-3.3%) 0.00 273
    2019-03-01 $437,000 (5.3%) $595,588 (-5.1%) 0.00 278
    2019-04-01 $449,000 (4.7%) $610,777 (-1.9%) 0.00 294
    2019-05-01 $464,950 (5.7%) $626,809 (-2.7%) 0.00 318
    2019-06-01 $474,400 (3.4%) $621,861 (-5.1%) 0.00 337
    2019-07-01 $487,400 (6.2%) $657,760 (1.8%) 0.00 345
    2019-08-01 $484,927 (9.1%) $651,750 (4.1%) 0.00 366
    2019-09-01 $484,968 (10.6%) $640,585 (3.5%) 0.00 367
    2019-10-01 $487,250 (13.3%) $635,978 (3.6%) 0.00 364
    2019-11-01 $495,000 (14.6%) $639,667 (2.8%) 0.00 327
    2019-12-01 $481,000 (12.1%) $630,310 (6.5%) 0.00 266
    2020-01-01 $477,250 (18.6%) $630,893 (9.6%) 0.00 231
    2020-02-01 $486,950 (15.4%) $636,821 (10.4%) 0.00 207
    2020-03-01 $499,000 (14.2%) $650,301 (9.2%) 0.00 226
    2020-04-01 $499,500 (11.3%) $637,268 (4.3%) 0.00 237
    2020-05-01 $525,000 (12.9%) $672,461 (7.3%) 0.00 231
    2020-06-01 $528,249 (11.4%) $674,974 (8.5%) 0.00 219
    2020-07-01 $543,850 (11.6%) $706,818 (7.5%) 0.00 211
    2020-08-01 $582,500 (20.1%) $745,795 (14.4%) 0.00 182
    2020-09-01 $567,238 (17.0%) $779,383 (21.7%) 0.00 173
    2020-10-01 $549,000 (12.7%) $779,159 (22.5%) 0.00 169
    2020-11-01 $591,988 (19.6%) $868,586 (35.8%) 0.00 109
    2020-12-01 $587,850 (22.2%) $875,402 (38.9%) 0.00 81
    2021-01-01 $575,000 (20.5%) $849,699 (34.7%) 0.00 59
    2021-02-01 $574,500 (18.0%) $823,348 (29.3%) 0.00 60
    2021-03-01 $580,500 (16.3%) $848,874 (30.5%) 0.00 60
    2021-04-01 $599,900 (20.1%) $864,246 (35.6%) 0.00 70
    2021-05-01 $599,000 (14.1%) $846,803 (25.9%) 0.00 84
    2021-06-01 $625,000 (18.3%) $923,461 (36.8%) 0.00 100
    2021-07-01 $625,000 (14.9%) $883,824 (25.0%) 0.00 111
    2021-08-01 $601,238 (3.2%) $865,445 (16.0%) 0.00 122
    2021-09-01 $627,485 (10.6%) $871,126 (11.8%) 0.00 109
    2021-10-01 $599,950 (9.3%) $839,866 (7.8%) 0.00 103
    2021-11-01 $678,750 (14.7%) $904,871 (4.2%) 0.00 77
    2021-12-01 $602,475 (2.5%) $812,722 (-7.2%) 0.00 63
    2022-01-01 $650,000 (13.0%) $813,953 (-4.2%) 0.00 42
    2022-02-01 $660,500 (15.0%) $815,813 (-0.9%) 0.00 42
    2022-03-01 $712,350 (22.7%) $820,582 (-3.3%) 0.00 51
    2022-04-01 $665,000 (10.9%) $799,760 (-7.5%) 0.00 63
    2022-05-01 $687,500 (14.8%) $812,072 (-4.1%) 0.00 126
    2022-06-01 $713,000 (14.1%) $852,964 (-7.6%) 0.00 175
    2022-07-01 $699,000 (11.8%) $870,180 (-1.5%) 0.00 231
    2022-08-01 $756,988 (25.9%) $927,310 (7.2%) 0.00 229
    2022-09-01 $750,000 (19.5%) $940,895 (8.0%) 0.00 226
    2022-10-01 $704,500 (17.4%) $909,810 (8.3%) 0.00 229
    2022-11-01 $674,923 (-0.6%) $867,519 (-4.1%) 0.00 225
    2022-12-01 $650,000 (7.9%) $860,921 (5.9%) 0.00 176
    2023-01-01 $638,225 (-1.8%) $840,978 (3.3%) 0.00 155
    2023-02-01 $658,000 (-0.4%) $833,354 (2.2%) 0.00 133
    2023-03-01 $693,475 (-2.7%) $915,891 (11.6%) 0.00 133
    2023-04-01 $712,475 (7.1%) $998,916 (24.9%) 0.00 148
    2023-05-01 $799,250 (16.3%) $1,042,486 (28.4%) 0.00 178
    2023-06-01 $797,000 (11.8%) $1,057,236 (24.0%) 0.00 193
    2023-07-01 $750,000 (7.3%) $1,022,061 (17.5%) 0.00 202
    2023-08-01 $744,975 (-1.6%) $991,910 (7.0%) 0.00 203
    2023-09-01 $749,450 (-0.1%) $951,454 (1.1%) 0.00 209
    2023-10-01 $742,250 (5.4%) $937,959 (3.1%) 0.00 200
    2023-11-01 $693,000 (2.7%) $885,347 (2.1%) 0.00 204
    2023-12-01 $680,000 (4.6%) $874,132 (1.5%) 0.00 162
    2024-01-01 $708,500 (11.0%) $879,363 (4.6%) 0.00 136
    2024-02-01 $715,975 (8.8%) $931,637 (11.8%) 0.00 140
    2024-03-01 $765,000 (10.3%) $975,416 (6.5%) 0.00 148
    2024-04-01 $809,500 (13.6%) $958,463 (-4.1%) 0.00 222
    2024-05-01 $816,248 (2.1%) $993,622 (-4.7%) 0.00 284
    2024-06-01 $885,000 (11.0%) $1,055,767 (-0.1%) 0.00 275
    2024-07-01 $839,500 (11.9%) $1,032,733 (1.0%) 0.00 296
    2024-08-01 $804,500 (8.0%) $1,025,790 (3.4%) 0.00 305
    2024-09-01 $819,500 (9.4%) $1,051,960 (10.6%) 0.00 301
    2024-10-01 $798,500 (7.6%) $1,085,512 (15.7%) 0.00 278
    2024-11-01 $750,000 (8.2%) $1,119,270 (26.4%) 0.00 255
    Oak Harbor's median listing price for 2024-11-01 was $750,000, a difference of $57,000 (8.2%) versus the prior year and $-48,500 versus the prior month.

    Oak Harbor's median listing price comes in at 0% of the national average.

    Oak Harbor's average listing price for 2024-11-01 was $1,119,270, a difference of $233,923 (26.4%) versus the prior year and $33,758 versus the prior month.

    For the 2024-11-01 period, Oak Harbor had 255 MLS listings, a difference of -23 listings (-8%) versus the prior month and 51 listings (25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Oak Harbor (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,942 sqft
    2018-02-01 0 days 2,007 sqft
    2018-03-01 0 days 1,993 sqft
    2018-04-01 0 days 2,026 sqft
    2018-05-01 0 days 2,015 sqft
    2018-06-01 0 days 2,039 sqft
    2018-07-01 0 days 2,062 sqft
    2018-08-01 0 days 2,016 sqft
    2018-09-01 0 days 1,965 sqft
    2018-10-01 0 days 1,943 sqft
    2018-11-01 0 days 1,953 sqft
    2018-12-01 0 days 1,865 sqft
    2019-01-01 0 days 1,798 sqft
    2019-02-01 0 days 1,808 sqft
    2019-03-01 0 days 1,822 sqft
    2019-04-01 0 days 1,864 sqft
    2019-05-01 0 days 1,935 sqft
    2019-06-01 0 days 1,972 sqft
    2019-07-01 0 days 1,988 sqft
    2019-08-01 0 days 1,969 sqft
    2019-09-01 0 days 1,961 sqft
    2019-10-01 0 days 1,956 sqft
    2019-11-01 0 days 1,955 sqft
    2019-12-01 0 days 1,862 sqft
    2020-01-01 0 days 1,879 sqft
    2020-02-01 0 days 1,897 sqft
    2020-03-01 0 days 1,895 sqft
    2020-04-01 0 days 1,937 sqft
    2020-05-01 0 days 1,963 sqft
    2020-06-01 0 days 1,874 sqft
    2020-07-01 0 days 1,935 sqft
    2020-08-01 0 days 1,970 sqft
    2020-09-01 0 days 1,960 sqft
    2020-10-01 0 days 1,964 sqft
    2020-11-01 0 days 2,068 sqft
    2020-12-01 0 days 1,979 sqft
    2021-01-01 0 days 2,051 sqft
    2021-02-01 0 days 1,984 sqft
    2021-03-01 0 days 1,978 sqft
    2021-04-01 0 days 2,019 sqft
    2021-05-01 0 days 1,891 sqft
    2021-06-01 0 days 1,927 sqft
    2021-07-01 0 days 2,040 sqft
    2021-08-01 0 days 1,962 sqft
    2021-09-01 0 days 1,998 sqft
    2021-10-01 0 days 2,007 sqft
    2021-11-01 0 days 2,057 sqft
    2021-12-01 0 days 1,941 sqft
    2022-01-01 0 days 2,064 sqft
    2022-02-01 0 days 1,973 sqft
    2022-03-01 0 days 1,933 sqft
    2022-04-01 0 days 1,843 sqft
    2022-05-01 0 days 1,736 sqft
    2022-06-01 0 days 1,896 sqft
    2022-07-01 0 days 1,920 sqft
    2022-08-01 0 days 1,963 sqft
    2022-09-01 0 days 1,991 sqft
    2022-10-01 0 days 1,928 sqft
    2022-11-01 0 days 1,890 sqft
    2022-12-01 0 days 1,904 sqft
    2023-01-01 0 days 1,850 sqft
    2023-02-01 0 days 1,930 sqft
    2023-03-01 0 days 2,043 sqft
    2023-04-01 0 days 2,096 sqft
    2023-05-01 0 days 2,024 sqft
    2023-06-01 0 days 2,033 sqft
    2023-07-01 0 days 2,021 sqft
    2023-08-01 0 days 1,980 sqft
    2023-09-01 0 days 1,987 sqft
    2023-10-01 0 days 1,981 sqft
    2023-11-01 0 days 1,915 sqft
    2023-12-01 0 days 1,950 sqft
    2024-01-01 0 days 2,010 sqft
    2024-02-01 0 days 1,992 sqft
    2024-03-01 0 days 2,011 sqft
    2024-04-01 0 days 2,025 sqft
    2024-05-01 0 days 2,095 sqft
    2024-06-01 0 days 2,111 sqft
    2024-07-01 0 days 2,139 sqft
    2024-08-01 0 days 2,090 sqft
    2024-09-01 0 days 2,107 sqft
    2024-10-01 0 days 2,116 sqft
    2024-11-01 0 days 2,009 sqft
    Oak Harbor's median listing age (time on market) for 2024-11-01 was 0 days.

    Oak Harbor's median square footage for active listings during the 2024-11-01 period was 2,009 sqft. One year prior, the average listing was 1,915 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.