Olympia VA Loans

OLYMPIA-LACEY-TUMWATER, 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.

Olympia's 182 lenders originated 4,761 VA loans during 2021. The total origination value was $1,809,405,000, with an average VA loan value of $380,047.

Olympia VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Olympia averaged 5.65% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.26% and one month ago for the week of 2022-04-15, the average rate was 5.32%.

The average rate one year ago was 2.91%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.16%.

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

Olympia 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 Olympia level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CROSSCOUNTRY MORTGAGE, LLC 417 2.90% $11,791
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 318 2.92% $9,850
Mortgage Research Center, LLC 310 2.81% $9,943
FREEDOM MORTGAGE CORPORATION 259 2.40% $3,312
QUICKEN LOANS, LLC 255 2.43% $5,228
CALIBER HOME LOANS, INC. 203 2.53% $7,123
ACADEMY MORTGAGE CORPORATION 195 2.71% $10,036
PENNYMAC LOAN SERVICES, LLC 193 2.33% $6,438
UNITED WHOLESALE MORTGAGE, LLC 178 2.45% $8,439
LAKEVIEW LOAN SERVICING, LLC 125 2.40% $2,449
GUILD MORTGAGE COMPANY 114 2.59% $7,283
NAVY FEDERAL CREDIT UNION 91 2.46% $6,633
LOANDEPOT.COM, LLC 81 2.41% $5,416
MOVEMENT MORTGAGE, LLC 68 3.00% $8,621
The Federal Savings Bank 68 2.47% $9,814
USAA Federal Savings Bank 67 2.88% $5,192
Mr. Cooper ( Nationstar Mortgage ) 66 2.61% $5,009
Paramount Residential Mortgage Group, Inc. 53 2.91% $9,115
HOME POINT FINANCIAL CORPORATION 52 2.47% $5,257
INSPIRE HOME LOANS INC. 52 2.86% $13,585
Wells Fargo Bank 49 2.35% $5,460
Flagstar Bank, FSB 44 2.70% $7,683
NEW DAY FINANCIAL, LLC 39 2.73% $8,824
KBHS HOME LOANS, LLC 35 2.66% $12,004
AMERICAN PACIFIC MORTGAGE CORPORATION 32 2.94% $9,642
BAY EQUITY LLC 31 2.89% $12,586
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 29 3.19% $12,293
NEWREZ LLC 27 2.60% $5,534
AXIA FINANCIAL, LLC 26 2.92% $9,181
Carrington Mortgage Services, LLC 25 2.96% $6,699
AMERICAN FINANCIAL NETWORK, INC. 25 2.53% $9,935
Lakeview Community Capital, LLC 23 2.42% $2,781
FINANCE OF AMERICA MORTGAGE LLC 22 2.81% $11,823
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 22 2.99% $8,415
VILLAGE CAPITAL & INVESTMENT LLC 22 2.36% $4,610
NP, Inc. 21 2.38% $4,821
HOMEBRIDGE FINANCIAL SERVICES, INC. 20 2.60% $7,231
PLANET HOME LENDING, LLC 20 2.60% $7,085
PENTAGON FEDERAL CREDIT UNION 20 2.32% $2,189
1st Security Bank of Washington 17 2.92% $9,883
HomeStreet Bank 17 2.75% $8,105
AMERISAVE MORTGAGE CORPORATION 17 2.43% $8,161
PREMIER MORTGAGE RESOURCES, L.L.C. 16 2.95% $12,013
BROKER SOLUTIONS, INC. 16 2.56% $7,209
NBKC BANK 15 2.40% $8,145
GUARANTEED RATE, INC. 14 2.52% $7,273
PRIMARY RESIDENTIAL MORTGAGE, INC. 14 3.15% $9,864
SUN WEST MORTGAGE COMPANY, INC. 13 2.41% $6,112
CMG MORTGAGE, INC. 12 2.92% $8,096
LENDUS, LLC 12 2.45% $5,354
AMCAP MORTGAGE, LTD. 12 2.93% $9,053
MUTUAL OF OMAHA MORTGAGE, INC. 12 2.58% $4,582
First Home Bank 11 2.47% $7,770
South Pacific Financial Corporation 11 2.66% $10,305
LEADERONE FINANCIAL CORPORATION 11 2.76% $5,777
North American Savings Bank, F.S.B. 10 2.44% $5,032
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 2.96% $6,917
Barrington Bank & Trust Company, N.A. 9 2.62% $11,794
CORNERSTONE HOME LENDING, INC. 8 3.13% $10,968
BNC National Bank 7 2.29% $2,402
MANN FINANCIAL INC. 7 2.80% $8,829
Low VA Rates, LLC 7 2.46% $9,547
EAGLE HOME MORTGAGE, LLC 7 2.55% $9,893
Umpqua Bank 7 2.59% $6,570
First Guaranty Mortgage Corporation 7 2.43% $6,105
Armed Forces Bank 6 2.50% $2,082
MORTGAGE MASTER SERVICE CORPORATION 6 2.69% $6,085
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 2.69% $10,405
Mid-Continent Funding, Inc. 6 2.67% $11,083
CONTOUR MORTGAGE CORPORATION 6 2.42% $5,684
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 3.38% $10,138
Magnolia Bank 6 2.88% $9,713
HOMEAMERICAN MORTGAGE CORPORATION 6 2.42% $7,863
Northpointe Bank 5 3.08% $9,246
Meridian Bank Corporation 5 2.28% $3,740
AMERICAN FINANCING CORPORATION 5 2.30% $5,110
NFM, INC. 5 2.95% $12,044
First Mortgage Solutions, LLC 5 2.40% $6,372
Commerce Home Mortgage, Inc. 5 2.68% $8,248
ROUNDPOINT MORTGAGE SERVICING CORPORATION 5 2.90% $12,278
ACCELERATE MORTGAGE, LLC 4 2.25% $5,232
Hometown Lenders, Inc. 4 2.75% $8,362
Amerifirst Financial, Inc. 4 2.91% $11,989
DHI MORTGAGE COMPANY, LTD. 4 2.31% $6,809
ZILLOW HOME LOANS, LLC 3 2.29% $5,045
CHURCHILL MORTGAGE CORPORATION 3 2.63% $3,620
First Midwest Bank 3 2.29% $4,802
InterContinental Capital Group, Inc 3 2.58% $3,556
KS StateBank 3 2.46% $18,032
NATIONS DIRECT MORTGAGE, LLC 3 2.75% $3,099
NETWORK CAPITAL FUNDING CORPORATION 3 2.42% $1,881
Plains Commerce Bank 3 2.42% $12,600
PLAZA HOME MORTGAGE, INC. 3 3.00% $7,265
PRIORITY HOME LENDING, LLC 3 3.21% $17,099
SOVEREIGN LENDING GROUP INCORPORATED 3 2.54% $10,117
Strong Home Mortgage, LLC 3 2.42% $1,577
SUMMIT FUNDING, INC. 3 3.08% $6,432
Sunflower Bank 3 2.25% $13,216
U.S. Bank 3 2.71% $12,612
Wallick & Volk, Inc. 3 3.21% $2,116
Victorian Finance, LLC 2 2.44% $20,712
PENRITH HOME LOANS LLC 2 2.50% $4,784
DIRECTORS MORTGAGE, INC. 2 3.31% $6,290
CU HOME MORTGAGE SOLUTIONS, LLC 2 2.31% $8,325
The Central Trust Bank 2 2.38% $6,956
RELIANCE FIRST CAPITAL, LLC 2 2.69% $4,418
Bank of England 2 2.31% $1,840
PANORAMA MORTGAGE GROUP, LLC 2 3.38% $3,350
TJC Mortgage, Inc. 2 2.25% $3,067
SAMMAMISH MORTGAGE COMPANY 2 2.75% $1,045
KeyBank 2 2.75% $7,504
Wyndham Capital Mortgage, Inc. 2 2.56% $8,209
PNC Bank 2 3.06% $2,188
FIRST CONTINENTAL MORTGAGE, LTD. 2 3.00% $8,876
First Federal Bank 2 2.75% $23,419
INTERNATIONAL CITY MORTGAGE, INC. 2 3.25% $5,390
HOMESIDE FINANCIAL, LLC 2 2.25% $5,662
BELEM SERVICING LLC 2 2.50% $7,235
LIBERTY HOME MORTGAGE CORPORATION 2 2.50% $3,691
STEARNS LENDING, LLC 2 2.25% $2,667
Gateway First Bank 2 2.75% $4,303
Goldwater Bank, N.A. 2 3.06% $11,376
Congressional Bank 1 2.63% $21,441
OCMBC, INC. 1 2.75% $3,172
OnPoint Community Credit Union 1 3.00% $8,562
ON Q FINANCIAL, INC. 1 2.75% $18,784
Paramount Bank 1 2.25% $5,001
Community First National Bank 1 2.25% $1,052
COMMUNITYAMERICA 1 2.75% $2,331
Citizens Bank 1 3.25% $8,064
ALL WESTERN MORTGAGE, INC. 1 2.63% $4,062
CHERRY CREEK MORTGAGE, LLC 1 2.38% $1,593
PREMIA MORTGAGE, LLC 1 2.75% $9,821
CELEBRITY HOME LOANS, LLC 1 2.75% $4,620
Banner Bank 1 2.75% $4,236
Prosperity Home Mortgage, LLC 1 3.13% $2,815
Bank of the Pacific 1 2.63% $24,781
RANLIFE, INC. 1 3.13% $20,772
S1L, Inc. 1 3.25% $3,885
Sierra Pacific Mortgage Company, Inc. 1 2.88% $16,879
Simmons Bank 1 3.25% $5,049
Axos Bank 1 2.88% $3,787
SOUTHWEST STAGE FUNDING, LLC 1 3.25% $4,685
Alaska USA Mortgage Company LLC 1 2.75% $11,779
V.I.P. MORTGAGE, INC. 1 3.25% $11,740
ALAMEDA MORTGAGE CORPORATION 1 2.50% $4,472
Alaska USA Federal Credit Union 1 2.75% $11,779
Ameris Bank 1 2.63% $14,260
Texana Bank 1 2.25% $7,512
AmeriHome Mortgage Company, LLC 1 2.75% $4,471
The Huntington National Bank 1 2.75% $10,560
THRIVE MORTGAGE, LLC 1 3.25% $4,968
Truist Bank 1 2.60% $11,329
KITSAP Credit Union 1 3.38% $13,273
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 2.63% $1,494
KELLER MORTGAGE, LLC 1 3.00% $8,220
JPMorgan Chase Bank 1 3.25% $3,622
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.13% $15,733
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 2.75% $14,064
LOANPAL, LLC 1 2.25% $1,492
Heritage Bank 1 2.50% $8,488
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.75% $14,518
Manufacturers and Traders Trust Company 1 2.75% $6,810
MASON MCDUFFIE MORTGAGE CORPORATION 1 2.88% $2,765
GLOBAL 1 2.38% $1,813
MID AMERICA MORTGAGE, INC. 1 2.88% $4,662
Glacier Bank 1 2.88% $1,630
MLD MORTGAGE INC. 1 2.38% $4,211
GENEVA FINANCIAL, LLC 1 3.25% $3,986
MORTGAGEONE, INC. 1 2.63% $13,312
First Western Trust Bank 1 2.25% $8,095
First United Bank and Trust Company 1 2.75% $3,827
First Savings Bank 1 2.25% $18,008
UNITED MORTGAGE CORP. 1 2.88% $15,876
Nations Lending Corporation 1 3.63% $10,158
NATIONS RELIABLE LENDING, LLC 1 2.88% $5,628
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.50% $2,621
AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $5,609
FirstBank 1 2.50% $2,615
ENVOY MORTGAGE, LTD 1 2.75% $12,286
EMBRACE HOME LOANS, INC. 1 2.38% $2,326
NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.25% $2,568

The top Olympia VA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 417 VA loans originated. Their average total fees are $11,791, which is $1,941 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Olympia VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION ($2,189), LAKEVIEW LOAN SERVICING, LLC ($2,449), Lakeview Community Capital, LLC ($2,781), FREEDOM MORTGAGE CORPORATION ($3,312) and MUTUAL OF OMAHA MORTGAGE, INC. ($4,582).

The lowest rate Olympia VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (2.32%), PENNYMAC LOAN SERVICES, LLC (2.33%), Wells Fargo Bank (2.35%), VILLAGE CAPITAL & INVESTMENT LLC (2.36%) and NP, Inc. (2.38%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Olympia (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 $352,490 (15.2%) $397,155 (11.0%) 1.30 380
2018-02-01 $362,473 (11.5%) $413,094 (12.5%) 1.31 373
2018-03-01 $354,900 (5.0%) $424,515 (13.2%) 1.23 374
2018-04-01 $371,195 (9.3%) $427,354 (11.1%) 1.25 413
2018-05-01 $386,975 (14.0%) $436,348 (9.3%) 1.29 487
2018-06-01 $379,900 (12.4%) $437,965 (9.4%) 1.27 572
2018-07-01 $371,475 (12.7%) $425,270 (8.0%) 1.24 625
2018-08-01 $374,990 (17.2%) $442,185 (14.4%) 1.25 689
2018-09-01 $375,000 (15.7%) $444,639 (13.8%) 1.25 707
2018-10-01 $379,725 (13.0%) $448,238 (12.8%) 1.27 674
2018-11-01 $386,475 (13.3%) $451,822 (13.4%) 1.30 602
2018-12-01 $385,950 (10.3%) $455,773 (16.3%) 1.32 565
2019-01-01 $387,475 (9.9%) $460,083 (15.8%) 1.34 491
2019-02-01 $391,993 (8.1%) $471,048 (14.0%) 1.31 434
2019-03-01 $404,736 (14.0%) $493,073 (16.2%) 1.32 431
2019-04-01 $424,725 (14.4%) $522,635 (22.3%) 1.34 428
2019-05-01 $407,500 (5.3%) $505,285 (15.8%) 1.26 463
2019-06-01 $399,900 (5.3%) $499,215 (14.0%) 1.23 512
2019-07-01 $399,500 (7.5%) $497,681 (17.0%) 1.24 529
2019-08-01 $399,214 (6.5%) $496,680 (12.3%) 1.26 530
2019-09-01 $399,464 (6.5%) $496,874 (11.8%) 1.27 527
2019-10-01 $399,000 (5.1%) $491,788 (9.7%) 1.27 596
2019-11-01 $399,000 (3.2%) $490,584 (8.6%) 1.29 527
2019-12-01 $399,945 (3.6%) $504,432 (10.7%) 1.33 389
2020-01-01 $418,950 (8.1%) $530,758 (15.4%) 1.40 308
2020-02-01 $389,900 (-0.5%) $497,004 (5.5%) 1.26 336
2020-03-01 $384,950 (-4.9%) $492,286 (-0.2%) 1.20 389
2020-04-01 $399,900 (-5.8%) $499,571 (-4.4%) 1.25 408
2020-05-01 $419,900 (3.0%) $515,687 (2.1%) 1.27 422
2020-06-01 $412,450 (3.1%) $516,316 (3.4%) 1.20 397
2020-07-01 $399,925 (0.1%) $512,187 (2.9%) 1.15 401
2020-08-01 $405,000 (1.5%) $532,337 (7.2%) 1.16 394
2020-09-01 $422,950 (5.9%) $545,503 (9.8%) 1.21 368
2020-10-01 $419,900 (5.2%) $550,103 (11.9%) 1.20 363
2020-11-01 $450,000 (12.8%) $624,166 (27.2%) 1.29 190
2020-12-01 $444,000 (11.0%) $650,242 (28.9%) 1.30 171
2021-01-01 $475,000 (13.4%) $665,594 (25.4%) 1.40 147
2021-02-01 $459,700 (17.9%) $651,745 (31.1%) 1.32 133
2021-03-01 $442,450 (14.9%) $614,473 (24.8%) 1.24 159
2021-04-01 $449,450 (12.4%) $584,685 (17.0%) 1.21 173
2021-05-01 $468,950 (11.7%) $584,065 (13.3%) 1.23 209
2021-06-01 $482,425 (17.0%) $586,682 (13.6%) 1.25 228
2021-07-01 $470,500 (17.7%) $570,851 (11.5%) 1.22 243
2021-08-01 $487,000 (20.3%) $574,082 (7.8%) 1.28 290
2021-09-01 $498,700 (17.9%) $581,160 (6.5%) 1.31 283
2021-10-01 $490,000 (16.7%) $577,979 (5.1%) 1.29 281
2021-11-01 $495,000 (10.0%) $585,482 (-6.2%) 1.30 213
2021-12-01 $499,250 (12.4%) $596,295 (-8.3%) 1.33 173
2022-01-01 $499,500 (5.2%) $592,539 (-11.0%) 1.33 118
2022-02-01 $500,000 (8.8%) $604,769 (-7.2%) 1.27 119
2022-03-01 $499,950 (13.0%) $624,364 (1.6%) 1.23 121
2022-04-01 $520,000 (15.7%) $634,244 (8.5%) 1.22 164
Olympia's median listing price for 2022-04-01 was $520,000, a difference of $70,550 (15.7%) versus the prior year and $20,050 versus the prior month.

Olympia's median listing price comes in at 122% of the national average.

Olympia's average listing price for 2022-04-01 was $634,244, a difference of $49,559 (8.5%) versus the prior year and $9,880 versus the prior month.

For the 2022-04-01 period, Olympia had 164 MLS listings, a difference of 43 listings (36%) versus the prior month and -9 listings (-5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Olympia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 65 days 2,115 sqft
2018-02-01 45 days 2,129 sqft
2018-03-01 36 days 2,140 sqft
2018-04-01 35 days 2,173 sqft
2018-05-01 30 days 2,201 sqft
2018-06-01 35 days 2,220 sqft
2018-07-01 34 days 2,194 sqft
2018-08-01 35 days 2,209 sqft
2018-09-01 42 days 2,157 sqft
2018-10-01 44 days 2,180 sqft
2018-11-01 49 days 2,195 sqft
2018-12-01 59 days 2,191 sqft
2019-01-01 66 days 2,156 sqft
2019-02-01 64 days 2,164 sqft
2019-03-01 43 days 2,230 sqft
2019-04-01 30 days 2,295 sqft
2019-05-01 33 days 2,190 sqft
2019-06-01 31 days 2,163 sqft
2019-07-01 36 days 2,180 sqft
2019-08-01 37 days 2,098 sqft
2019-09-01 40 days 2,079 sqft
2019-10-01 48 days 2,043 sqft
2019-11-01 55 days 2,035 sqft
2019-12-01 58 days 2,049 sqft
2020-01-01 64 days 2,053 sqft
2020-02-01 41 days 1,980 sqft
2020-03-01 33 days 1,906 sqft
2020-04-01 36 days 1,977 sqft
2020-05-01 42 days 2,003 sqft
2020-06-01 39 days 2,023 sqft
2020-07-01 33 days 1,999 sqft
2020-08-01 32 days 2,020 sqft
2020-09-01 33 days 2,034 sqft
2020-10-01 35 days 1,964 sqft
2020-11-01 46 days 2,038 sqft
2020-12-01 46 days 1,963 sqft
2021-01-01 51 days 1,980 sqft
2021-02-01 44 days 1,926 sqft
2021-03-01 35 days 1,829 sqft
2021-04-01 32 days 1,847 sqft
2021-05-01 29 days 1,886 sqft
2021-06-01 24 days 1,930 sqft
2021-07-01 28 days 2,007 sqft
2021-08-01 24 days 2,045 sqft
2021-09-01 31 days 2,041 sqft
2021-10-01 32 days 1,916 sqft
2021-11-01 37 days 1,846 sqft
2021-12-01 39 days 1,906 sqft
2022-01-01 41 days 1,920 sqft
2022-02-01 24 days 1,903 sqft
2022-03-01 29 days 1,900 sqft
2022-04-01 22 days 1,942 sqft
Olympia's median listing age (time on market) for 2022-04-01 was 22 days. This is -30% shorter than the same period one year ago.

Olympia's median square footage for active listings during the 2022-04-01 period was 1,942 sqft. One year prior, the average listing was 1,847 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.