Port Angeles VA Loan Rates, Closing Costs & Stats

Port Angeles, 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.

    Port Angeles's 32 lenders originated 109 VA loans during 2023. The total origination value was $44,115,000, with an average VA loan value of $404,725.

    Port Angeles VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Port Angeles averaged 0.22% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Port Angeles's average VA mortgage closing costs are $7,119.

    The average rate for the prior week (2024-11-08) was 6.73% and one month ago for the week of 2024-10-11, the average rate was 6.1%.

    The average rate one year ago was 7.69%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.1%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Port Angeles 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 Port Angeles level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CARDINAL FINANCIAL 14 6.68% $14,470
    CROSSCOUNTRY MORTGAGE, LLC 11 6.31% $10,366
    Mortgage Research Center, LLC 10 6.38% $13,795
    UNITED WHOLESALE MORTGAGE, LLC 9 6.05% $10,512
    NAVY FEDERAL CREDIT UNION 8 5.88% $7,174
    CALIBER HOME LOANS, INC. 7 6.04% $10,069
    QUICKEN LOANS, LLC 6 5.97% $18,073
    PENNYMAC LOAN SERVICES, LLC 3 5.54% $12,863
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.38% $10,199
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 6.04% $12,588
    NEWREZ LLC 2 6.63% $9,168
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 7.13% $7,819
    BROKER SOLUTIONS, INC. 2 6.00% $9,152
    LOANDEPOT.COM, LLC 2 5.25% $19,716
    FREEDOM MORTGAGE CORPORATION 2 6.13% $12,074
    NFM, INC. 2 6.44% $10,091
    First Federal Savings and Loan Association of Port Angeles 2 6.69% $1,653
    Flagstar Bank, FSB 2 7.25% $8,897
    AmeriHome Mortgage Company, LLC 2 6.69% $1,653
    USAA Federal Savings Bank 2 6.31% $6,197
    Ixonia Bank 1 7.13% $23,780
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $2,874
    DAS Acquisition Company, LLC 1 7.25% $407
    GUILD MORTGAGE COMPANY 1 6.50% $15,580
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.13% $161
    Alaska USA Federal Credit Union 1 6.75% $250
    Mid-Continent Funding, Inc. 1 6.50% $19,032
    MLD MORTGAGE INC. 1 6.99% $15,736
    MORTGAGE EXPRESS, LLC 1 6.63% $17,059
    MOVEMENT MORTGAGE, LLC 1 6.75% $17,546
    OnPoint Community Credit Union 1 6.50% $17,690
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $19,773

    The top Port Angeles VA lender as defined by loan originations is CARDINAL FINANCIAL, with 14 VA loans originated. Their average total fees are $14,470, which is $4,104 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Port Angeles VA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($10,366), Mortgage Research Center, LLC ($13,795), CARDINAL FINANCIAL ($14,470), .

    The lowest rate Port Angeles VA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC (6.31%), Mortgage Research Center, LLC (6.38%), CARDINAL FINANCIAL (6.68%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Port Angeles (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 $312,450 (4.4%) $369,585 (-4.3%) 0.00 285
    2018-02-01 $321,750 (3.5%) $368,648 (-5.5%) 0.00 273
    2018-03-01 $345,000 (13.3%) $413,117 (8.5%) 0.00 176
    2018-04-01 $377,500 (22.6%) $437,171 (12.3%) 0.00 187
    2018-05-01 $394,975 (20.0%) $464,684 (14.9%) 0.00 207
    2018-06-01 $400,000 (22.5%) $483,830 (20.1%) 0.00 233
    2018-07-01 $399,000 (22.8%) $475,292 (20.7%) 0.00 271
    2018-08-01 $392,238 (26.5%) $466,229 (18.7%) 0.00 308
    2018-09-01 $379,000 (22.3%) $453,647 (14.8%) 0.00 325
    2018-10-01 $384,500 (27.2%) $441,458 (14.8%) 0.00 319
    2018-11-01 $383,725 (28.7%) $445,532 (18.4%) 0.00 296
    2018-12-01 $385,000 (24.6%) $439,475 (15.7%) 0.00 273
    2019-01-01 $389,250 (24.6%) $438,014 (18.5%) 0.00 233
    2019-02-01 $382,225 (18.8%) $448,179 (21.6%) 0.00 213
    2019-03-01 $397,100 (15.1%) $460,532 (11.5%) 0.00 225
    2019-04-01 $409,950 (8.6%) $474,704 (8.6%) 0.00 244
    2019-05-01 $418,488 (6.0%) $476,950 (2.6%) 0.00 268
    2019-06-01 $429,000 (7.3%) $484,913 (0.2%) 0.00 288
    2019-07-01 $429,000 (7.5%) $489,363 (3.0%) 0.00 305
    2019-08-01 $427,909 (9.1%) $491,029 (5.3%) 0.00 308
    2019-09-01 $426,273 (12.5%) $491,745 (8.4%) 0.00 309
    2019-10-01 $422,000 (9.8%) $492,039 (11.5%) 0.00 309
    2019-11-01 $429,000 (11.8%) $508,052 (14.0%) 0.00 261
    2019-12-01 $429,975 (11.7%) $522,888 (19.0%) 0.00 211
    2020-01-01 $425,988 (9.4%) $513,513 (17.2%) 0.00 198
    2020-02-01 $419,950 (9.9%) $503,050 (12.2%) 0.00 183
    2020-03-01 $418,988 (5.5%) $502,468 (9.1%) 0.00 201
    2020-04-01 $406,500 (-0.8%) $499,484 (5.2%) 0.00 222
    2020-05-01 $425,000 (1.6%) $521,051 (9.3%) 0.00 211
    2020-06-01 $449,500 (4.8%) $537,515 (10.9%) 0.00 210
    2020-07-01 $435,950 (1.6%) $536,252 (9.6%) 0.00 209
    2020-08-01 $427,000 (-0.2%) $534,637 (8.9%) 0.00 213
    2020-09-01 $421,675 (-1.1%) $606,450 (23.3%) 0.00 188
    2020-10-01 $415,000 (-1.7%) $619,398 (25.9%) 0.00 156
    2020-11-01 $427,000 (-0.5%) $610,267 (20.1%) 0.00 113
    2020-12-01 $414,500 (-3.6%) $624,757 (19.5%) 0.00 80
    2021-01-01 $410,000 (-3.8%) $619,408 (20.6%) 0.00 69
    2021-02-01 $449,975 (7.2%) $608,886 (21.0%) 0.00 62
    2021-03-01 $474,488 (13.3%) $615,614 (22.5%) 0.00 59
    2021-04-01 $509,688 (25.4%) $626,547 (25.4%) 0.00 62
    2021-05-01 $499,975 (17.6%) $607,484 (16.6%) 0.00 70
    2021-06-01 $518,500 (15.4%) $619,941 (15.3%) 0.00 104
    2021-07-01 $499,900 (14.7%) $629,722 (17.4%) 0.00 126
    2021-08-01 $525,000 (23.0%) $656,485 (22.8%) 0.00 139
    2021-09-01 $565,000 (34.0%) $671,996 (10.8%) 0.00 141
    2021-10-01 $575,000 (38.6%) $676,785 (9.3%) 0.00 123
    2021-11-01 $561,250 (31.4%) $702,649 (15.1%) 0.00 95
    2021-12-01 $618,250 (49.2%) $744,293 (19.1%) 0.00 77
    2022-01-01 $625,000 (52.4%) $740,670 (19.6%) 0.00 62
    2022-02-01 $632,200 (40.5%) $747,807 (22.8%) 0.00 78
    2022-03-01 $598,375 (26.1%) $767,040 (24.6%) 0.00 79
    2022-04-01 $625,000 (22.6%) $774,119 (23.6%) 0.00 87
    2022-05-01 $625,000 (25.0%) $757,980 (24.8%) 0.00 125
    2022-06-01 $631,750 (21.8%) $767,483 (23.8%) 0.00 150
    2022-07-01 $599,000 (19.8%) $725,133 (15.2%) 0.00 196
    2022-08-01 $599,000 (14.1%) $691,844 (5.4%) 0.00 209
    2022-09-01 $595,500 (5.4%) $687,666 (2.3%) 0.00 210
    2022-10-01 $599,000 (4.2%) $683,282 (1.0%) 0.00 215
    2022-11-01 $575,000 (2.5%) $672,137 (-4.3%) 0.00 198
    2022-12-01 $579,000 (-6.4%) $697,629 (-6.3%) 0.00 168
    2023-01-01 $586,625 (-6.1%) $712,514 (-3.8%) 0.00 149
    2023-02-01 $599,388 (-5.2%) $724,512 (-3.1%) 0.00 130
    2023-03-01 $571,500 (-4.5%) $707,677 (-7.7%) 0.00 114
    2023-04-01 $599,000 (-4.2%) $735,479 (-5.0%) 0.00 131
    2023-05-01 $635,000 (1.6%) $763,679 (0.8%) 0.00 154
    2023-06-01 $663,738 (5.1%) $788,725 (2.8%) 0.00 171
    2023-07-01 $650,000 (8.5%) $789,006 (8.8%) 0.00 183
    2023-08-01 $652,213 (8.9%) $797,571 (15.3%) 0.00 178
    2023-09-01 $637,450 (7.0%) $775,853 (12.8%) 0.00 196
    2023-10-01 $629,750 (5.1%) $773,140 (13.2%) 0.00 186
    2023-11-01 $613,750 (6.7%) $767,421 (14.2%) 0.00 177
    2023-12-01 $585,000 (1.0%) $737,680 (5.7%) 0.00 165
    2024-01-01 $595,700 (1.6%) $761,104 (6.8%) 0.00 141
    2024-02-01 $582,475 (-2.8%) $727,196 (0.4%) 0.00 130
    2024-03-01 $596,500 (4.4%) $718,540 (1.5%) 0.00 127
    2024-04-01 $633,725 (5.8%) $776,660 (5.6%) 0.00 148
    2024-05-01 $680,375 (7.2%) $795,736 (4.2%) 0.00 187
    2024-06-01 $697,000 (5.0%) $793,739 (0.6%) 0.00 224
    2024-07-01 $699,000 (7.5%) $788,569 (-0.1%) 0.00 234
    2024-08-01 $689,500 (5.7%) $782,577 (-1.9%) 0.00 254
    2024-09-01 $663,500 (4.1%) $781,123 (0.7%) 0.00 257
    2024-10-01 $642,225 (2.0%) $749,135 (-3.1%) 0.00 240
    Port Angeles's median listing price for 2024-10-01 was $642,225, a difference of $12,475 (2.0%) versus the prior year and $-21,275 versus the prior month.

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

    Port Angeles's average listing price for 2024-10-01 was $749,135, a difference of $-24,005 (-3.1%) versus the prior year and $-31,988 versus the prior month.

    For the 2024-10-01 period, Port Angeles had 240 MLS listings, a difference of -17 listings (-7%) versus the prior month and 54 listings (29%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Port Angeles (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,799 sqft
    2018-02-01 0 days 1,808 sqft
    2018-03-01 0 days 1,923 sqft
    2018-04-01 0 days 2,012 sqft
    2018-05-01 0 days 1,957 sqft
    2018-06-01 0 days 1,995 sqft
    2018-07-01 0 days 2,019 sqft
    2018-08-01 0 days 1,989 sqft
    2018-09-01 0 days 1,962 sqft
    2018-10-01 0 days 1,939 sqft
    2018-11-01 0 days 1,969 sqft
    2018-12-01 0 days 1,968 sqft
    2019-01-01 0 days 1,974 sqft
    2019-02-01 0 days 1,948 sqft
    2019-03-01 0 days 1,968 sqft
    2019-04-01 0 days 1,956 sqft
    2019-05-01 0 days 1,965 sqft
    2019-06-01 0 days 1,988 sqft
    2019-07-01 0 days 2,006 sqft
    2019-08-01 0 days 2,003 sqft
    2019-09-01 0 days 1,995 sqft
    2019-10-01 0 days 2,010 sqft
    2019-11-01 0 days 2,038 sqft
    2019-12-01 0 days 2,048 sqft
    2020-01-01 0 days 2,047 sqft
    2020-02-01 0 days 2,042 sqft
    2020-03-01 0 days 1,955 sqft
    2020-04-01 0 days 1,956 sqft
    2020-05-01 0 days 2,001 sqft
    2020-06-01 0 days 2,039 sqft
    2020-07-01 0 days 2,029 sqft
    2020-08-01 0 days 2,001 sqft
    2020-09-01 0 days 1,951 sqft
    2020-10-01 0 days 1,950 sqft
    2020-11-01 0 days 1,835 sqft
    2020-12-01 0 days 1,786 sqft
    2021-01-01 0 days 1,707 sqft
    2021-02-01 0 days 1,721 sqft
    2021-03-01 0 days 1,744 sqft
    2021-04-01 0 days 1,886 sqft
    2021-05-01 0 days 2,059 sqft
    2021-06-01 0 days 1,912 sqft
    2021-07-01 0 days 1,880 sqft
    2021-08-01 0 days 1,932 sqft
    2021-09-01 0 days 2,009 sqft
    2021-10-01 0 days 1,955 sqft
    2021-11-01 0 days 1,973 sqft
    2021-12-01 0 days 2,019 sqft
    2022-01-01 0 days 1,940 sqft
    2022-02-01 0 days 1,910 sqft
    2022-03-01 0 days 1,844 sqft
    2022-04-01 0 days 1,980 sqft
    2022-05-01 0 days 2,015 sqft
    2022-06-01 0 days 2,033 sqft
    2022-07-01 0 days 1,984 sqft
    2022-08-01 0 days 1,938 sqft
    2022-09-01 0 days 1,890 sqft
    2022-10-01 0 days 1,905 sqft
    2022-11-01 0 days 1,877 sqft
    2022-12-01 0 days 1,928 sqft
    2023-01-01 0 days 1,986 sqft
    2023-02-01 0 days 1,997 sqft
    2023-03-01 0 days 1,889 sqft
    2023-04-01 0 days 1,904 sqft
    2023-05-01 0 days 2,040 sqft
    2023-06-01 0 days 2,067 sqft
    2023-07-01 0 days 2,083 sqft
    2023-08-01 0 days 2,105 sqft
    2023-09-01 0 days 2,147 sqft
    2023-10-01 0 days 2,164 sqft
    2023-11-01 0 days 2,143 sqft
    2023-12-01 0 days 2,129 sqft
    2024-01-01 0 days 2,129 sqft
    2024-02-01 0 days 2,061 sqft
    2024-03-01 0 days 2,000 sqft
    2024-04-01 0 days 2,144 sqft
    2024-05-01 0 days 2,177 sqft
    2024-06-01 0 days 2,193 sqft
    2024-07-01 0 days 2,181 sqft
    2024-08-01 0 days 2,112 sqft
    2024-09-01 0 days 2,135 sqft
    2024-10-01 0 days 2,165 sqft
    Port Angeles's median listing age (time on market) for 2024-10-01 was 0 days.

    Port Angeles's median square footage for active listings during the 2024-10-01 period was 2,165 sqft. One year prior, the average listing was 2,164 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.