Seattle VA Loan Rates, Closing Costs & Stats

SEATTLE-BELLEVUE-KENT, 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.

    Seattle VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Seattle averaged 0% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Seattle's average VA mortgage closing costs are $0.

    The average rate for the prior week (2024-04-12) was 0% and one month ago for the week of 2024-03-15, the average rate was 0%.

    The average rate one year ago was 0%.

    For refis of the same type during the week of 2024-04-19, the average rate was 0%.

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

    Seattle 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 Seattle level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs

    The lowest fee Seattle VA lenders (with over 10 loans originated) are .

    The lowest rate Seattle VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Seattle (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 $494,914 (13.3%) $817,526 (17.5%) 1.83 2,935
    2018-02-01 $522,475 (13.7%) $837,160 (12.5%) 1.90 2,977
    2018-03-01 $550,000 (14.9%) $855,943 (13.2%) 1.93 3,291
    2018-04-01 $560,350 (13.0%) $860,602 (10.6%) 1.90 3,915
    2018-05-01 $571,700 (14.5%) $860,476 (9.9%) 1.91 4,775
    2018-06-01 $575,000 (15.0%) $858,054 (10.4%) 1.92 5,926
    2018-07-01 $565,925 (13.3%) $823,717 (7.1%) 1.89 7,217
    2018-08-01 $551,484 (13.1%) $794,999 (6.7%) 1.85 8,156
    2018-09-01 $549,950 (12.5%) $784,270 (4.7%) 1.85 9,206
    2018-10-01 $552,500 (12.8%) $782,006 (3.0%) 1.87 9,384
    2018-11-01 $549,998 (11.7%) $781,745 (0.8%) 1.86 8,294
    2018-12-01 $550,000 (11.1%) $789,581 (-0.7%) 1.90 6,850
    2019-01-01 $562,475 (13.7%) $817,163 (0.0%) 1.94 5,558
    2019-02-01 $593,998 (13.7%) $859,546 (2.7%) 2.01 5,429
    2019-03-01 $608,711 (10.7%) $873,950 (2.1%) 1.99 5,655
    2019-04-01 $627,445 (12.0%) $899,002 (4.5%) 1.99 5,935
    2019-05-01 $623,714 (9.1%) $881,335 (2.4%) 1.95 7,098
    2019-06-01 $614,950 (7.0%) $859,290 (0.1%) 1.92 7,807
    2019-07-01 $599,995 (6.0%) $850,226 (3.2%) 1.88 7,784
    2019-08-01 $595,836 (8.0%) $841,704 (5.9%) 1.89 8,177
    2019-09-01 $589,741 (7.2%) $834,131 (6.4%) 1.89 8,311
    2019-10-01 $585,677 (6.0%) $829,082 (6.0%) 1.89 8,319
    2019-11-01 $579,000 (5.3%) $833,943 (6.7%) 1.90 6,739
    2019-12-01 $579,950 (5.5%) $846,363 (7.2%) 1.93 4,768
    2020-01-01 $587,500 (4.5%) $867,130 (6.1%) 1.96 3,866
    2020-02-01 $599,900 (1.0%) $889,510 (3.5%) 1.96 3,790
    2020-03-01 $606,495 (-0.4%) $882,234 (1.0%) 1.90 4,299
    2020-04-01 $599,950 (-4.4%) $851,077 (-5.3%) 1.88 4,888
    2020-05-01 $608,000 (-2.5%) $859,906 (-2.4%) 1.85 5,649
    2020-06-01 $621,498 (1.1%) $887,354 (3.3%) 1.83 5,729
    2020-07-01 $627,000 (4.5%) $896,058 (5.4%) 1.82 5,735
    2020-08-01 $625,000 (4.9%) $885,121 (5.2%) 1.79 5,959
    2020-09-01 $624,999 (6.0%) $885,251 (6.1%) 1.79 6,059
    2020-10-01 $619,990 (5.9%) $890,134 (7.4%) 1.78 5,838
    2020-11-01 $626,725 (8.2%) $922,318 (10.6%) 1.83 4,129
    2020-12-01 $624,975 (7.8%) $930,668 (10.0%) 1.86 3,092
    2021-01-01 $638,000 (8.6%) $958,591 (10.6%) 1.90 2,424
    2021-02-01 $648,625 (8.1%) $953,436 (7.2%) 1.89 2,219
    2021-03-01 $652,500 (7.6%) $924,093 (4.7%) 1.85 2,584
    2021-04-01 $669,975 (11.7%) $940,369 (10.5%) 1.81 2,763
    2021-05-01 $679,900 (11.8%) $946,099 (10.0%) 1.81 2,937
    2021-06-01 $683,725 (10.0%) $944,575 (6.5%) 1.80 3,424
    2021-07-01 $689,950 (10.0%) $943,656 (5.3%) 1.82 3,641
    2021-08-01 $674,975 (8.0%) $912,385 (3.1%) 1.80 3,753
    2021-09-01 $675,000 (8.0%) $918,542 (3.8%) 1.80 3,744
    2021-10-01 $675,000 (8.9%) $939,780 (5.6%) 1.80 3,324
    2021-11-01 $674,995 (7.7%) $947,493 (2.7%) 1.80 2,510
    2021-12-01 $662,500 (6.0%) $933,507 (0.3%) 1.79 1,660
    2022-01-01 $685,000 (7.4%) $1,001,387 (4.5%) 1.85 1,315
    2022-02-01 $722,450 (11.4%) $1,051,274 (10.3%) 1.88 1,539
    2022-03-01 $749,950 (14.9%) $1,075,930 (16.4%) 1.88 1,867
    2022-04-01 $799,950 (19.4%) $1,128,806 (20.0%) 1.91 2,207
    2022-05-01 $824,995 (21.3%) $1,161,979 (22.8%) 1.89 3,971
    2022-06-01 $802,495 (17.4%) $1,135,816 (20.3%) 1.79 5,457
    2022-07-01 $789,950 (14.5%) $1,083,308 (14.8%) 1.78 6,954
    2022-08-01 $774,950 (14.8%) $1,075,090 (17.8%) 1.79 6,961
    2022-09-01 $762,485 (13.0%) $1,078,846 (17.5%) 1.78 6,694
    2022-10-01 $750,000 (11.1%) $1,060,491 (12.8%) 1.76 6,701
    2022-11-01 $737,450 (9.3%) $1,056,940 (11.6%) 1.77 6,006
    2022-12-01 $725,000 (9.4%) $1,038,754 (11.3%) 1.79 4,559
    2023-01-01 $727,000 (6.1%) $1,042,070 (4.1%) 1.80 3,674
    2023-02-01 $749,950 (3.8%) $1,105,889 (5.2%) 1.81 3,116
    2023-03-01 $789,225 (5.2%) $1,177,299 (9.4%) 1.86 3,106
    2023-04-01 $825,000 (3.1%) $1,236,224 (9.5%) 1.92 3,165
    2023-05-01 $822,500 (-0.3%) $1,235,201 (6.3%) 1.87 3,543
    2023-06-01 $824,500 (2.7%) $1,225,756 (7.9%) 1.85 4,090
    2023-07-01 $815,000 (3.2%) $1,242,311 (14.7%) 1.85 4,267
    2023-08-01 $799,475 (3.2%) $1,226,323 (14.1%) 1.84 4,504
    2023-09-01 $799,000 (4.8%) $1,215,186 (12.6%) 1.86 4,774
    2023-10-01 $792,250 (5.6%) $1,179,771 (11.3%) 1.86 4,808
    2023-11-01 $752,413 (2.0%) $1,110,443 (5.1%) 1.79 5,293
    2023-12-01 $749,000 (3.3%) $1,088,306 (4.8%) 1.83 4,177
    2024-01-01 $749,495 (3.1%) $1,122,633 (7.7%) 1.83 3,319
    2024-02-01 $765,000 (2.0%) $1,155,569 (4.5%) 1.84 3,294
    2024-03-01 $767,875 (-2.7%) $1,150,459 (-2.3%) 1.81 3,737
    Seattle's median listing price for 2024-03-01 was $767,875, a difference of $-21,350 (-2.7%) versus the prior year and $2,875 versus the prior month.

    Seattle's median listing price comes in at 181% of the national average.

    Seattle's average listing price for 2024-03-01 was $1,150,459, a difference of $-26,840 (-2.3%) versus the prior year and $-5,110 versus the prior month.

    For the 2024-03-01 period, Seattle had 3,737 MLS listings, a difference of 443 listings (13%) versus the prior month and 631 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Seattle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 43 days 2,184 sqft
    2018-02-01 26 days 2,179 sqft
    2018-03-01 22 days 2,172 sqft
    2018-04-01 22 days 2,153 sqft
    2018-05-01 19 days 2,180 sqft
    2018-06-01 22 days 2,180 sqft
    2018-07-01 29 days 2,136 sqft
    2018-08-01 30 days 2,104 sqft
    2018-09-01 36 days 2,041 sqft
    2018-10-01 38 days 2,036 sqft
    2018-11-01 45 days 2,018 sqft
    2018-12-01 59 days 2,040 sqft
    2019-01-01 63 days 2,085 sqft
    2019-02-01 42 days 2,141 sqft
    2019-03-01 33 days 2,137 sqft
    2019-04-01 24 days 2,160 sqft
    2019-05-01 28 days 2,117 sqft
    2019-06-01 31 days 2,110 sqft
    2019-07-01 37 days 2,110 sqft
    2019-08-01 39 days 2,084 sqft
    2019-09-01 41 days 2,059 sqft
    2019-10-01 43 days 2,045 sqft
    2019-11-01 50 days 2,020 sqft
    2019-12-01 61 days 2,044 sqft
    2020-01-01 65 days 2,052 sqft
    2020-02-01 31 days 2,065 sqft
    2020-03-01 23 days 2,089 sqft
    2020-04-01 31 days 2,078 sqft
    2020-05-01 35 days 2,054 sqft
    2020-06-01 31 days 2,036 sqft
    2020-07-01 30 days 2,010 sqft
    2020-08-01 30 days 1,920 sqft
    2020-09-01 33 days 1,840 sqft
    2020-10-01 35 days 1,773 sqft
    2020-11-01 41 days 1,708 sqft
    2020-12-01 48 days 1,686 sqft
    2021-01-01 43 days 1,660 sqft
    2021-02-01 29 days 1,678 sqft
    2021-03-01 23 days 1,748 sqft
    2021-04-01 23 days 1,773 sqft
    2021-05-01 20 days 1,800 sqft
    2021-06-01 20 days 1,820 sqft
    2021-07-01 23 days 1,824 sqft
    2021-08-01 26 days 1,825 sqft
    2021-09-01 29 days 1,856 sqft
    2021-10-01 33 days 1,846 sqft
    2021-11-01 35 days 1,825 sqft
    2021-12-01 39 days 1,794 sqft
    2022-01-01 37 days 1,793 sqft
    2022-02-01 16 days 1,820 sqft
    2022-03-01 17 days 1,888 sqft
    2022-04-01 16 days 1,964 sqft
    2022-05-01 16 days 2,068 sqft
    2022-06-01 22 days 2,050 sqft
    2022-07-01 28 days 2,040 sqft
    2022-08-01 34 days 2,026 sqft
    2022-09-01 39 days 2,010 sqft
    2022-10-01 39 days 1,970 sqft
    2022-11-01 45 days 1,953 sqft
    2022-12-01 59 days 1,960 sqft
    2023-01-01 65 days 1,950 sqft
    2023-02-01 43 days 1,980 sqft
    2023-03-01 32 days 2,050 sqft
    2023-04-01 31 days 2,030 sqft
    2023-05-01 29 days 2,037 sqft
    2023-06-01 29 days 2,037 sqft
    2023-07-01 33 days 2,040 sqft
    2023-08-01 33 days 2,003 sqft
    2023-09-01 37 days 1,989 sqft
    2023-10-01 38 days 1,960 sqft
    2023-11-01 45 days 1,913 sqft
    2023-12-01 57 days 1,888 sqft
    2024-01-01 59 days 1,845 sqft
    2024-02-01 32 days 1,841 sqft
    2024-03-01 29 days 1,860 sqft
    Seattle's median listing age (time on market) for 2024-03-01 was 29 days. This is -9% shorter than the same period one year ago.

    Seattle's median square footage for active listings during the 2024-03-01 period was 1,860 sqft. One year prior, the average listing was 2,050 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.