Olympia VA Loans

OLYMPIA-LACEY-TUMWATER, 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.

    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.