Olympia VA Loan Rates, Closing Costs & Stats

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 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.

    Olympia's 107 lenders originated 1,534 VA loans during 2024. The total origination value was $759,570,000, with an average VA loan value of $495,156.

    Olympia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Olympia averaged 6.25% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Olympia's average VA mortgage closing costs are $8,265.

    The average rate for the prior week (2025-03-28) was 6.27% and one month ago for the week of 2025-02-28, the average rate was 6.25%.

    The average rate one year ago was 6.85%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.74%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Olympia level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 268 5.80% $9,131
    Mortgage Research Center, LLC 114 6.26% $9,177
    NEWREZ LLC 103 6.04% $16,101
    CROSSCOUNTRY MORTGAGE, LLC 100 6.22% $10,037
    GUILD MORTGAGE COMPANY 90 6.13% $13,980
    FREEDOM MORTGAGE CORPORATION 81 6.00% $10,325
    QUICKEN LOANS, LLC 80 5.98% $11,375
    MOVEMENT MORTGAGE, LLC 43 6.33% $13,288
    NAVY FEDERAL CREDIT UNION 38 5.95% $7,878
    PENNYMAC LOAN SERVICES, LLC 33 5.71% $10,799
    INSPIRE HOME LOANS INC. 32 5.35% $13,139
    DHI MORTGAGE COMPANY, LTD. 31 5.27% $9,988
    CMG MORTGAGE, INC. 28 6.08% $17,257
    VILLAGE CAPITAL MORTGAGE 27 5.52% $9,906
    USAA Federal Savings Bank 18 6.26% $7,492
    BAY EQUITY LLC 18 6.20% $12,400
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 6.44% $11,834
    T2 FINANCIAL LLC 16 6.61% $11,201
    LOANDEPOT.COM, LLC 12 5.85% $12,547
    GUARANTEED RATE, INC. 11 5.53% $7,617
    BROKER SOLUTIONS, INC. 11 6.46% $12,444
    The Federal Savings Bank 11 5.89% $19,730
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 11 6.63% $13,149
    LAKEVIEW LOAN SERVICING, LLC 10 5.64% $5,917
    AMERICAN PACIFIC MORTGAGE CORPORATION 10 6.11% $15,679
    MORTGAGE SOLUTIONS OF COLORADO, LLC 10 6.94% $4,686
    MLD MORTGAGE INC. 10 5.86% $8,015
    PLANET HOME LENDING, LLC 8 4.92% $6,853
    EAGLE HOME MORTGAGE, LLC 8 5.76% $9,368
    SeaTrust Mortgage Company 8 6.75% $13,195
    Paramount Residential Mortgage Group, Inc. 7 6.39% $14,599
    Mr. Cooper ( Nationstar Mortgage ) 7 6.25% $10,764
    NOVA FINANCIAL & INVESTMENT CORPORATION 6 6.44% $17,358
    First Federal Bank 6 5.73% $11,514
    UNION HOME MORTGAGE CORP. 6 6.21% $13,746
    Armed Forces Bank 6 5.88% $16,640
    NBKC BANK 5 5.48% $6,275
    CORNERSTONE HOME LENDING, INC. 5 6.22% $11,829
    NATIONS DIRECT MORTGAGE, LLC 5 6.05% $10,349
    American Mortgage & Equity Consultants, Inc. 5 6.23% $19,658
    NEW DAY FINANCIAL, LLC 5 7.82% $12,415
    1st Security Bank of Washington 4 6.41% $14,914
    Century Mortgage Company DBA Century Lending Company 4 5.84% $5,594
    FIRST COLONY MORTGAGE CORPORATION 4 5.94% $17,765
    LEADERONE FINANCIAL CORPORATION 4 6.47% $11,178
    PREMIER MORTGAGE RESOURCES, L.L.C. 4 5.47% $15,999
    Prosperity Home Mortgage, LLC 4 6.12% $7,736
    S1L, Inc. 4 6.16% $12,779
    SUN WEST MORTGAGE COMPANY, INC. 4 5.83% $13,073
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.96% $16,476
    Cornerstone First Mortgage, Inc 3 6.13% $9,188
    Flagstar Bank, FSB 3 5.57% $4,311
    PULTE MORTGAGE LLC 3 5.79% $10,175
    AMERICAN FINANCIAL NETWORK, INC. 3 5.92% $20,418
    SAMMAMISH MORTGAGE COMPANY 3 6.00% $7,749
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.17% $17,002
    HomeStreet Bank 3 6.58% $14,645
    Plains Commerce Bank 3 5.92% $7,980
    Carrington Mortgage Services, LLC 3 5.50% $13,308
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.16% $5,319
    GoPrime Mortgage, Inc. 3 5.54% $12,581
    ALLIANT CREDIT UNION 2 5.63% $2,030
    PHH Mortgage Corporation 2 5.49% $5,432
    JPMorgan Chase Bank 2 6.00% $8,121
    PLAZA HOME MORTGAGE, INC. 2 5.88% $13,495
    Lakeview Community Capital, LLC 2 5.62% $3,434
    Equity Prime Mortgage LLC 2 7.56% $14,998
    FLAT BRANCH MORTGAGE, INC. 2 5.19% $18,521
    Bank of the Pacific 2 6.00% $31,680
    Wells Fargo Bank 2 6.13% $12,357
    SCENIC OAKS FUNDING, INC. 2 6.38% $23,914
    CHURCHILL MORTGAGE CORPORATION 2 6.12% $18,807
    GUARANTEED RATE AFFINITY, LLC 2 7.00% $11,878
    ZILLOW HOME LOANS, LLC 2 6.13% $13,800
    CANOPY MORTGAGE, LLC 2 6.19% $30,860
    The Loan Store, Inc. 2 5.75% $5,553
    PENTAGON FEDERAL CREDIT UNION 2 5.69% $6,176
    Ixonia Bank 1 7.13% $10,657
    KeyBank 1 5.50% $7,049
    LADERA LENDING, INC. 1 6.13% $31,380
    HomePromise Corporation 1 7.50% $850
    U.S. Bank 1 6.00% $2,415
    LOANPAL, LLC 1 5.63% $12,910
    Magnolia Bank 1 5.50% $19,717
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.63% $5,726
    MEGASTAR FINANCIAL CORP. 1 5.13% $11,409
    MORTGAGEONE, INC. 1 7.25% $10,328
    First Western Trust Bank 1 5.50% $4,358
    FIRST CONTINENTAL MORTGAGE, LTD. 1 6.63% $11,609
    Evolve Bank & Trust 1 6.13% $625
    Credence Funding Corporation 1 5.50% $8,046
    NFM, INC. 1 6.13% $6,899
    ON Q FINANCIAL, INC. 1 6.25% $16,581
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.50% $4,642
    Barrington Bank & Trust Company, N.A. 1 6.25% $1,905
    PNC Bank 1 5.63% $12,050
    Alaska USA Federal Credit Union 1 5.75% $4,006
    WASHINGTON STATE EMPLOYEES Credit Union 1 6.50% $2,874
    Bank of England 1 6.13% $12,231
    SOUND 1 5.13% $2,998
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.63% $7,560
    SUMMIT FUNDING, INC. 1 5.75% $11,700
    SUMMIT MORTGAGE CORPORATION 1 5.75% $7,590
    Sunflower Bank 1 6.13% $30,713
    Ameris Bank 1 5.75% $13,397
    Umpqua Bank 1 5.38% $23,531
    Alcova Mortgage LLC 1 5.25% $25,518

    The top Olympia VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 268 VA loans originated. Their average total fees are $9,131, which is $46 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Olympia VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,686), LAKEVIEW LOAN SERVICING, LLC ($5,917), USAA Federal Savings Bank ($7,492), GUARANTEED RATE, INC. ($7,617) and NAVY FEDERAL CREDIT UNION ($7,878).

    The lowest rate Olympia VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.27%), INSPIRE HOME LOANS INC. (5.35%), VILLAGE CAPITAL MORTGAGE (5.52%), GUARANTEED RATE, INC. (5.53%) and LAKEVIEW LOAN SERVICING, LLC (5.64%).

    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 $351,868 (17.3%) $392,814 (11.9%) 1.30 377
    2018-02-01 $362,221 (11.5%) $408,388 (11.7%) 1.32 372
    2018-03-01 $357,425 (5.9%) $421,339 (13.4%) 1.25 368
    2018-04-01 $371,738 (9.7%) $426,456 (11.2%) 1.26 411
    2018-05-01 $386,975 (13.8%) $434,337 (9.4%) 1.29 484
    2018-06-01 $379,975 (12.4%) $436,870 (10.0%) 1.27 571
    2018-07-01 $372,495 (14.6%) $426,735 (9.4%) 1.24 624
    2018-08-01 $374,990 (17.8%) $440,441 (15.4%) 1.26 694
    2018-09-01 $375,000 (16.1%) $445,474 (14.8%) 1.26 715
    2018-10-01 $379,925 (13.3%) $447,496 (13.4%) 1.29 687
    2018-11-01 $387,475 (14.1%) $452,453 (14.9%) 1.31 609
    2018-12-01 $389,000 (11.2%) $447,883 (15.2%) 1.34 571
    2019-01-01 $387,448 (10.1%) $461,031 (17.4%) 1.34 494
    2019-02-01 $390,858 (7.9%) $469,921 (15.1%) 1.32 446
    2019-03-01 $402,849 (12.7%) $489,587 (16.2%) 1.32 445
    2019-04-01 $419,995 (13.0%) $514,402 (20.6%) 1.33 451
    2019-05-01 $403,236 (4.2%) $502,176 (15.6%) 1.26 487
    2019-06-01 $399,900 (5.2%) $498,602 (14.1%) 1.25 532
    2019-07-01 $401,925 (7.9%) $499,197 (17.0%) 1.26 552
    2019-08-01 $399,655 (6.6%) $496,704 (12.8%) 1.27 563
    2019-09-01 $399,286 (6.5%) $494,496 (11.0%) 1.28 587
    2019-10-01 $399,000 (5.0%) $491,741 (9.9%) 1.29 602
    2019-11-01 $399,000 (3.0%) $489,910 (8.3%) 1.31 554
    2019-12-01 $397,000 (2.1%) $499,188 (11.5%) 1.32 403
    2020-01-01 $404,475 (4.4%) $521,194 (13.1%) 1.35 325
    2020-02-01 $389,425 (-0.4%) $495,222 (5.4%) 1.27 354
    2020-03-01 $379,499 (-5.8%) $488,225 (-0.3%) 1.19 406
    2020-04-01 $397,000 (-5.5%) $496,620 (-3.5%) 1.24 427
    2020-05-01 $409,900 (1.7%) $511,917 (1.9%) 1.25 441
    2020-06-01 $406,225 (1.6%) $514,133 (3.1%) 1.20 421
    2020-07-01 $399,800 (-0.5%) $509,681 (2.1%) 1.16 422
    2020-08-01 $405,000 (1.3%) $527,675 (6.2%) 1.16 408
    2020-09-01 $417,500 (4.6%) $541,091 (9.4%) 1.20 390
    2020-10-01 $414,950 (4.0%) $542,562 (10.3%) 1.19 376
    2020-11-01 $449,950 (12.8%) $622,000 (27.0%) 1.32 198
    2020-12-01 $439,969 (10.8%) $645,786 (29.4%) 1.31 176
    2021-01-01 $463,000 (14.5%) $652,206 (25.1%) 1.38 159
    2021-02-01 $449,500 (15.4%) $634,027 (28.0%) 1.31 143
    2021-03-01 $434,350 (14.5%) $608,676 (24.7%) 1.23 170
    2021-04-01 $447,463 (12.7%) $585,324 (17.9%) 1.21 187
    2021-05-01 $462,500 (12.8%) $592,604 (15.8%) 1.23 228
    2021-06-01 $479,495 (18.0%) $591,387 (15.0%) 1.26 240
    2021-07-01 $470,000 (17.6%) $580,832 (14.0%) 1.24 259
    2021-08-01 $487,250 (20.3%) $580,804 (10.1%) 1.30 303
    2021-09-01 $497,000 (19.0%) $588,718 (8.8%) 1.33 293
    2021-10-01 $490,000 (18.1%) $585,659 (7.9%) 1.31 296
    2021-11-01 $492,450 (9.5%) $591,108 (-5.0%) 1.32 217
    2021-12-01 $493,500 (12.2%) $601,189 (-6.9%) 1.34 179
    2022-01-01 $489,999 (5.8%) $595,582 (-8.7%) 1.32 123
    2022-02-01 $506,988 (12.8%) $621,090 (-2.0%) 1.32 129
    2022-03-01 $499,950 (15.1%) $624,510 (2.6%) 1.25 134
    2022-04-01 $519,990 (16.2%) $634,480 (8.4%) 1.24 181
    2022-05-01 $549,575 (18.8%) $660,430 (11.5%) 1.26 277
    2022-06-01 $548,700 (14.4%) $664,153 (12.3%) 1.22 392
    2022-07-01 $549,000 (16.8%) $648,460 (11.6%) 1.24 525
    2022-08-01 $548,425 (12.6%) $643,111 (10.7%) 1.27 566
    2022-09-01 $542,495 (9.2%) $629,446 (6.9%) 1.27 534
    2022-10-01 $549,975 (12.2%) $630,326 (7.6%) 1.29 515
    2022-11-01 $536,575 (9.0%) $627,881 (6.2%) 1.29 506
    2022-12-01 $545,000 (10.4%) $627,715 (4.4%) 1.35 460
    2023-01-01 $548,500 (11.9%) $682,794 (14.6%) 1.36 378
    2023-02-01 $537,485 (6.0%) $684,838 (10.3%) 1.30 298
    2023-03-01 $535,738 (7.2%) $696,836 (11.6%) 1.26 264
    2023-04-01 $554,990 (6.7%) $726,605 (14.5%) 1.29 240
    2023-05-01 $569,900 (3.7%) $728,612 (10.3%) 1.29 283
    2023-06-01 $552,238 (0.6%) $695,273 (4.7%) 1.24 326
    2023-07-01 $579,450 (5.6%) $716,295 (10.5%) 1.32 360
    2023-08-01 $577,583 (5.3%) $722,106 (12.3%) 1.33 401
    2023-09-01 $576,550 (6.3%) $721,506 (14.6%) 1.34 406
    2023-10-01 $582,200 (5.9%) $733,089 (16.3%) 1.37 408
    2023-11-01 $575,000 (7.2%) $746,524 (18.9%) 1.37 473
    2023-12-01 $568,000 (4.2%) $754,473 (20.2%) 1.39 391
    2024-01-01 $558,199 (1.8%) $743,630 (8.9%) 1.36 344
    2024-02-01 $569,998 (6.1%) $747,227 (9.1%) 1.37 336
    2024-03-01 $556,200 (3.8%) $731,502 (5.0%) 1.31 356
    2024-04-01 $559,495 (0.8%) $690,645 (-5.0%) 1.30 388
    2024-05-01 $574,450 (0.8%) $699,839 (-4.0%) 1.31 489
    2024-06-01 $595,000 (7.7%) $722,759 (4.0%) 1.35 500
    2024-07-01 $592,000 (2.2%) $714,567 (-0.2%) 1.35 564
    2024-08-01 $585,000 (1.3%) $693,798 (-3.9%) 1.36 567
    2024-09-01 $584,975 (1.5%) $691,900 (-4.1%) 1.38 545
    2024-10-01 $582,216 (0.0%) $695,230 (-5.2%) 1.37 536
    2024-11-01 $589,450 (2.5%) $697,338 (-6.6%) 1.41 488
    2024-12-01 $592,950 (4.4%) $700,553 (-7.2%) 1.47 402
    2025-01-01 $594,958 (6.6%) $701,249 (-5.7%) 1.49 378
    2025-02-01 $599,970 (5.3%) $701,626 (-6.1%) 1.46 349
    2025-03-01 $599,995 (7.9%) $700,338 (-4.3%) 0.00 407
    Olympia's median listing price for 2025-03-01 was $599,995, a difference of $43,795 (7.9%) versus the prior year and $25 versus the prior month.

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

    Olympia's average listing price for 2025-03-01 was $700,338, a difference of $-31,164 (-4.3%) versus the prior year and $-1,288 versus the prior month.

    For the 2025-03-01 period, Olympia had 407 MLS listings, a difference of 58 listings (17%) versus the prior month and 51 listings (14%) 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 61 days 2,095 sqft
    2018-02-01 38 days 2,138 sqft
    2018-03-01 33 days 2,149 sqft
    2018-04-01 30 days 2,191 sqft
    2018-05-01 26 days 2,201 sqft
    2018-06-01 32 days 2,227 sqft
    2018-07-01 31 days 2,199 sqft
    2018-08-01 34 days 2,207 sqft
    2018-09-01 39 days 2,154 sqft
    2018-10-01 43 days 2,170 sqft
    2018-11-01 50 days 2,189 sqft
    2018-12-01 61 days 2,176 sqft
    2019-01-01 65 days 2,153 sqft
    2019-02-01 62 days 2,166 sqft
    2019-03-01 41 days 2,213 sqft
    2019-04-01 30 days 2,261 sqft
    2019-05-01 27 days 2,171 sqft
    2019-06-01 31 days 2,160 sqft
    2019-07-01 34 days 2,156 sqft
    2019-08-01 38 days 2,098 sqft
    2019-09-01 42 days 2,086 sqft
    2019-10-01 45 days 2,059 sqft
    2019-11-01 51 days 2,035 sqft
    2019-12-01 51 days 2,019 sqft
    2020-01-01 51 days 2,017 sqft
    2020-02-01 30 days 1,978 sqft
    2020-03-01 26 days 1,891 sqft
    2020-04-01 33 days 1,927 sqft
    2020-05-01 36 days 1,989 sqft
    2020-06-01 32 days 2,021 sqft
    2020-07-01 24 days 1,997 sqft
    2020-08-01 25 days 2,006 sqft
    2020-09-01 28 days 2,015 sqft
    2020-10-01 31 days 1,942 sqft
    2020-11-01 39 days 2,041 sqft
    2020-12-01 39 days 1,974 sqft
    2021-01-01 37 days 1,983 sqft
    2021-02-01 29 days 1,920 sqft
    2021-03-01 23 days 1,849 sqft
    2021-04-01 25 days 1,844 sqft
    2021-05-01 12 days 1,883 sqft
    2021-06-01 15 days 1,950 sqft
    2021-07-01 25 days 1,964 sqft
    2021-08-01 19 days 2,023 sqft
    2021-09-01 29 days 2,031 sqft
    2021-10-01 29 days 1,914 sqft
    2021-11-01 36 days 1,855 sqft
    2021-12-01 38 days 1,915 sqft
    2022-01-01 38 days 1,855 sqft
    2022-02-01 19 days 1,912 sqft
    2022-03-01 26 days 1,893 sqft
    2022-04-01 16 days 1,950 sqft
    2022-05-01 16 days 1,979 sqft
    2022-06-01 17 days 2,033 sqft
    2022-07-01 26 days 2,020 sqft
    2022-08-01 35 days 2,020 sqft
    2022-09-01 39 days 2,027 sqft
    2022-10-01 44 days 2,055 sqft
    2022-11-01 49 days 2,004 sqft
    2022-12-01 60 days 2,000 sqft
    2023-01-01 69 days 2,057 sqft
    2023-02-01 69 days 2,032 sqft
    2023-03-01 49 days 2,127 sqft
    2023-04-01 33 days 2,155 sqft
    2023-05-01 30 days 2,131 sqft
    2023-06-01 30 days 2,084 sqft
    2023-07-01 34 days 2,116 sqft
    2023-08-01 35 days 2,143 sqft
    2023-09-01 41 days 2,168 sqft
    2023-10-01 45 days 2,199 sqft
    2023-11-01 51 days 2,189 sqft
    2023-12-01 58 days 2,120 sqft
    2024-01-01 70 days 2,040 sqft
    2024-02-01 40 days 1,980 sqft
    2024-03-01 39 days 1,948 sqft
    2024-04-01 35 days 1,998 sqft
    2024-05-01 28 days 2,029 sqft
    2024-06-01 36 days 2,079 sqft
    2024-07-01 37 days 2,117 sqft
    2024-08-01 44 days 2,107 sqft
    2024-09-01 47 days 2,062 sqft
    2024-10-01 48 days 2,055 sqft
    2024-11-01 48 days 2,098 sqft
    2024-12-01 63 days 2,095 sqft
    2025-01-01 67 days 2,111 sqft
    2025-02-01 42 days 2,103 sqft
    2025-03-01 0 days 2,101 sqft
    Olympia's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Olympia's median square footage for active listings during the 2025-03-01 period was 2,101 sqft. One year prior, the average listing was 1,948 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.