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 112 lenders originated 1,213 VA loans during 2023. The total origination value was $576,625,000, with an average VA loan value of $475,371.

    Olympia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Olympia averaged 0.25% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Olympia's average VA mortgage closing costs are $8,028.

    The average rate for the prior week (2024-11-08) was 6.56% and one month ago for the week of 2024-10-11, the average rate was 5.93%.

    The average rate one year ago was 7.32%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.27%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 154 6.14% $11,735
    Mortgage Research Center, LLC 110 6.39% $11,517
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 72 6.44% $10,437
    ACADEMY MORTGAGE CORPORATION 69 6.49% $13,670
    CROSSCOUNTRY MORTGAGE, LLC 64 6.59% $11,879
    INSPIRE HOME LOANS INC. 57 5.38% $14,767
    QUICKEN LOANS, LLC 54 6.02% $13,629
    NAVY FEDERAL CREDIT UNION 41 5.91% $7,718
    MOVEMENT MORTGAGE, LLC 35 6.40% $17,463
    FREEDOM MORTGAGE CORPORATION 29 6.50% $18,453
    NEWREZ LLC 23 6.18% $12,500
    GUARANTEED RATE, INC. 21 6.15% $11,346
    CALIBER HOME LOANS, INC. 21 5.90% $17,842
    PREMIER MORTGAGE RESOURCES, L.L.C. 19 6.41% $22,649
    SeaTrust Mortgage Company 19 6.26% $17,976
    PENNYMAC LOAN SERVICES, LLC 19 5.52% $10,624
    The Federal Savings Bank 18 6.20% $20,523
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 17 6.72% $13,233
    T2 FINANCIAL LLC 17 6.79% $8,388
    BAY EQUITY LLC 16 6.20% $11,298
    USAA Federal Savings Bank 15 6.39% $11,729
    LOANDEPOT.COM, LLC 14 6.02% $16,666
    EAGLE HOME MORTGAGE, LLC 13 6.04% $9,571
    GUILD MORTGAGE COMPANY 12 6.34% $19,409
    CMG MORTGAGE, INC. 12 6.32% $16,563
    MORTGAGE SOLUTIONS OF COLORADO, LLC 12 6.92% $10,927
    Ixonia Bank 12 6.77% $19,639
    Paramount Residential Mortgage Group, Inc. 10 6.48% $14,630
    NEW DAY FINANCIAL, LLC 9 7.14% $15,344
    NFM, INC. 9 6.15% $17,267
    PLANET HOME LENDING, LLC 9 5.74% $14,970
    MUTUAL OF OMAHA MORTGAGE, INC. 8 5.95% $10,619
    NBKC BANK 6 5.52% $11,060
    BROKER SOLUTIONS, INC. 5 6.30% $20,766
    Mr. Cooper ( Nationstar Mortgage ) 5 5.93% $14,701
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.38% $15,118
    MANN FINANCIAL INC. 5 6.08% $13,638
    MLD MORTGAGE INC. 5 6.55% $19,755
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.50% $12,439
    VILLAGE CAPITAL MORTGAGE 5 5.78% $13,015
    PENTAGON FEDERAL CREDIT UNION 4 5.06% $13,700
    AMERICAN FINANCIAL NETWORK, INC. 4 6.06% $10,498
    SUN WEST MORTGAGE COMPANY, INC. 4 6.62% $9,018
    Wells Fargo Bank 4 5.63% $14,996
    GUARANTEED RATE AFFINITY, LLC 4 6.34% $12,604
    BNC National Bank 4 5.41% $15,536
    LAKEVIEW LOAN SERVICING, LLC 4 5.63% $20,736
    NATIONS DIRECT MORTGAGE, LLC 4 6.78% $9,028
    SAMMAMISH MORTGAGE COMPANY 3 5.83% $22,024
    FIRST CONTINENTAL MORTGAGE, LTD. 3 6.25% $4,342
    1st Security Bank of Washington 3 6.96% $16,705
    Equity Prime Mortgage LLC 3 6.29% $13,166
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.25% $8,342
    DHI MORTGAGE COMPANY, LTD. 3 5.87% $10,468
    MASON MCDUFFIE MORTGAGE CORPORATION 3 6.21% $15,274
    Century Mortgage Company DBA Century Lending Company 3 6.25% $13,603
    GENEVA FINANCIAL, LLC 3 6.50% $20,638
    Flagstar Bank, FSB 3 6.00% $16,151
    CORNERSTONE HOME LENDING, INC. 2 6.00% $24,426
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.94% $10,802
    AMERISAVE MORTGAGE CORPORATION 2 5.50% $15,458
    PENRITH HOME LOANS LLC 2 6.00% $9,714
    CHURCHILL MORTGAGE CORPORATION 2 5.75% $17,849
    Barrington Bank & Trust Company, N.A. 2 6.75% $11,409
    America's Credit Union 2 6.69% $7,336
    NOVA FINANCIAL & INVESTMENT CORPORATION 2 7.00% $8,735
    Armed Forces Bank 2 5.75% $10,657
    CALCON MUTUAL MORTGAGE LLC 2 6.81% $3,219
    Umpqua Bank 2 5.88% $12,830
    CARDINAL FINANCIAL 2 6.50% $16,317
    NexBank 2 6.63% $9,304
    LEADERONE FINANCIAL CORPORATION 2 7.06% $19,463
    The Central Trust Bank 2 5.50% $13,437
    LOANPAL, LLC 2 5.63% $30,423
    Zions Bank 1 5.63% $8,773
    Alaska USA Federal Credit Union 1 6.25% $13,595
    AMCAP MORTGAGE, LTD. 1 6.25% $6,139
    American Mortgage & Equity Consultants, Inc. 1 6.75% $26,287
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.00% $12,391
    AmeriHome Mortgage Company, LLC 1 6.63% $12,185
    Ameris Bank 1 5.75% $5,483
    AXIA FINANCIAL, LLC 1 6.63% $15,633
    Banner Bank 1 6.63% $18,985
    Boeing Employees Credit Union 1 6.88% $3,863
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.25% $8,243
    Community First National Bank 1 5.75% $11,377
    ENVOY MORTGAGE, LTD 1 6.88% $8,252
    First Western Trust Bank 1 6.63% $11,979
    Franklin Loan Corporation 1 6.63% $13,763
    Gateway First Bank 1 6.25% $11,319
    GoPrime Mortgage, Inc. 1 5.88% $9,943
    GUARANTY HOME MORTGAGE CORPORATION 1 5.88% $4,587
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 4.63% $4,351
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.75% $9,131
    HOMESIDE FINANCIAL, LLC 1 7.25% $30,971
    HomeStreet Bank 1 5.63% $14,196
    INFINITY EQUITY GROUP, INC. 1 5.75% $16,168
    JPMorgan Chase Bank 1 5.99% $9,245
    NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $12,279
    ON Q FINANCIAL, INC. 1 6.99% $12,468
    Plains Commerce Bank 1 5.75% $14,430
    PREMIA MORTGAGE, LLC 1 6.75% $17,894
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $16,491
    ROYAL UNITED MORTGAGE LLC 1 6.13% $17,971
    SOUTHWEST STAGE FUNDING, LLC 1 7.25% $14,889
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.25% $11,602
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.50% $22,303
    SUMMIT FUNDING, INC. 1 7.63% $1,185
    TJC Mortgage, Inc. 1 5.75% $9,864
    UNION HOME MORTGAGE CORP. 1 7.25% $25,338
    VERITAS FUNDING, LLC 1 6.00% $31,893
    WASHINGTON STATE EMPLOYEES Credit Union 1 6.25% $2,458

    The top Olympia VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 154 VA loans originated. Their average total fees are $11,735, which is $218 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Olympia VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($7,718), T2 FINANCIAL LLC ($8,388), EAGLE HOME MORTGAGE, LLC ($9,571), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,437) and PENNYMAC LOAN SERVICES, LLC ($10,624).

    The lowest rate Olympia VA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.38%), PENNYMAC LOAN SERVICES, LLC (5.52%), CALIBER HOME LOANS, INC. (5.90%), NAVY FEDERAL CREDIT UNION (5.91%) and QUICKEN LOANS, LLC (6.02%).

    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 $379,950 (12.4%) $436,651 (10.0%) 1.27 572
    2018-07-01 $372,495 (14.6%) $426,636 (9.3%) 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 (5.3%) $498,602 (14.2%) 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 $404,688 (4.5%) $521,664 (13.2%) 1.35 324
    2020-02-01 $389,425 (-0.4%) $495,222 (5.4%) 1.27 354
    2020-03-01 $379,500 (-5.8%) $488,542 (-0.2%) 1.19 405
    2020-04-01 $397,000 (-5.5%) $496,947 (-3.4%) 1.24 426
    2020-05-01 $409,900 (1.7%) $512,276 (2.0%) 1.25 440
    2020-06-01 $407,500 (1.9%) $514,485 (3.2%) 1.20 420
    2020-07-01 $399,900 (-0.5%) $510,022 (2.2%) 1.16 421
    2020-08-01 $405,000 (1.3%) $527,675 (6.2%) 1.16 407
    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 (14.4%) $652,206 (25.0%) 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 (24.6%) 1.23 170
    2021-04-01 $447,463 (12.7%) $585,324 (17.8%) 1.21 187
    2021-05-01 $462,500 (12.8%) $592,604 (15.7%) 1.23 228
    2021-06-01 $479,495 (17.7%) $591,387 (15.0%) 1.26 240
    2021-07-01 $470,000 (17.5%) $580,832 (13.9%) 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 $537,469 (6.0%) $684,504 (10.2%) 1.30 297
    2023-03-01 $533,500 (6.7%) $696,507 (11.5%) 1.26 263
    2023-04-01 $552,495 (6.3%) $726,345 (14.5%) 1.28 239
    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 (9.2%) 1.37 336
    2024-03-01 $556,200 (4.3%) $731,502 (5.0%) 1.31 356
    2024-04-01 $559,495 (1.3%) $690,645 (-4.9%) 1.30 388
    2024-05-01 $585,612 (2.8%) $716,277 (-1.7%) 1.32 489
    2024-06-01 $599,900 (8.6%) $749,246 (7.8%) 1.35 498
    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
    Olympia's median listing price for 2024-10-01 was $582,216, a difference of $16 (0.0%) versus the prior year and $-2,759 versus the prior month.

    Olympia's median listing price comes in at 137% of the national average.

    Olympia's average listing price for 2024-10-01 was $695,230, a difference of $-37,859 (-5.2%) versus the prior year and $3,330 versus the prior month.

    For the 2024-10-01 period, Olympia had 536 MLS listings, a difference of -9 listings (-2%) versus the prior month and 128 listings (31%) 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 2,132 sqft
    2018-03-01 33 days 2,140 sqft
    2018-04-01 30 days 2,187 sqft
    2018-05-01 26 days 2,200 sqft
    2018-06-01 32 days 2,221 sqft
    2018-07-01 31 days 2,199 sqft
    2018-08-01 34 days 2,204 sqft
    2018-09-01 39 days 2,152 sqft
    2018-10-01 43 days 2,170 sqft
    2018-11-01 50 days 2,189 sqft
    2018-12-01 61 days 2,175 sqft
    2019-01-01 65 days 2,151 sqft
    2019-02-01 62 days 2,163 sqft
    2019-03-01 41 days 2,209 sqft
    2019-04-01 30 days 2,259 sqft
    2019-05-01 27 days 2,171 sqft
    2019-06-01 31 days 2,160 sqft
    2019-07-01 34 days 2,155 sqft
    2019-08-01 38 days 2,097 sqft
    2019-09-01 42 days 2,085 sqft
    2019-10-01 45 days 2,057 sqft
    2019-11-01 51 days 2,034 sqft
    2019-12-01 51 days 2,015 sqft
    2020-01-01 51 days 2,013 sqft
    2020-02-01 30 days 1,972 sqft
    2020-03-01 27 days 1,886 sqft
    2020-04-01 32 days 1,926 sqft
    2020-05-01 36 days 1,983 sqft
    2020-06-01 32 days 2,021 sqft
    2020-07-01 24 days 1,997 sqft
    2020-08-01 25 days 2,008 sqft
    2020-09-01 28 days 2,014 sqft
    2020-10-01 31 days 1,942 sqft
    2020-11-01 39 days 2,027 sqft
    2020-12-01 39 days 1,944 sqft
    2021-01-01 37 days 1,970 sqft
    2021-02-01 29 days 1,900 sqft
    2021-03-01 23 days 1,830 sqft
    2021-04-01 25 days 1,836 sqft
    2021-05-01 12 days 1,862 sqft
    2021-06-01 15 days 1,937 sqft
    2021-07-01 25 days 1,960 sqft
    2021-08-01 19 days 2,026 sqft
    2021-09-01 29 days 2,033 sqft
    2021-10-01 29 days 1,908 sqft
    2021-11-01 36 days 1,855 sqft
    2021-12-01 38 days 1,914 sqft
    2022-01-01 38 days 1,855 sqft
    2022-02-01 19 days 1,907 sqft
    2022-03-01 26 days 1,888 sqft
    2022-04-01 16 days 1,950 sqft
    2022-05-01 16 days 1,976 sqft
    2022-06-01 17 days 2,028 sqft
    2022-07-01 26 days 2,020 sqft
    2022-08-01 35 days 2,020 sqft
    2022-09-01 39 days 2,026 sqft
    2022-10-01 44 days 2,051 sqft
    2022-11-01 49 days 2,002 sqft
    2022-12-01 60 days 2,000 sqft
    2023-01-01 69 days 2,048 sqft
    2023-02-01 70 days 2,025 sqft
    2023-03-01 49 days 2,118 sqft
    2023-04-01 33 days 2,154 sqft
    2023-05-01 30 days 2,127 sqft
    2023-06-01 30 days 2,080 sqft
    2023-07-01 34 days 2,113 sqft
    2023-08-01 35 days 2,142 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 24 days 2,053 sqft
    2024-06-01 30 days 2,094 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
    Olympia's median listing age (time on market) for 2024-10-01 was 48 days. This is 7% longer than the same period one year ago.

    Olympia's median square footage for active listings during the 2024-10-01 period was 2,055 sqft. One year prior, the average listing was 2,199 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.