Port Angeles VA Loan Rates, Closing Costs & Stats

Port Angeles, 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.

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 6.43% for the week of 2024-11-01, compared to the national average (all VA variants) of 6.305% for the same period.

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

The average rate for the prior week (2024-10-25) was 6.39% and one month ago for the week of 2024-09-27, the average rate was 5.95%.

The average rate one year ago was 7.87%.

For refis of the same type during the week of 2024-11-01, the average rate was 6.21%.

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.