Olympia VA Loan Rates, Closing Costs & Stats
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 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
0.29%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Olympia's average VA mortgage closing costs are $8,265.
The average rate for the prior week (2025-06-13) was
6.74% and
one month ago for the week of 2025-05-16, the
average rate was 6.7%.
The average rate one year ago was 6.79%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.42%.
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%).
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.