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.