Seattle VA Loan Rates, Closing Costs & Stats

Seattle-Tacoma-Bellevue, 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's 169 lenders originated 3,380 VA loans during 2023. The total origination value was $1,874,050,000, with an average VA loan value of $554,453.

    Seattle VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Seattle averaged 6.42% for the week of 2024-10-25, compared to the national average (all VA variants) of 6.14% for the same period.

    Seattle's average VA mortgage closing costs are $8,467.

    The average rate for the prior week (2024-10-18) was 5.84% and one month ago for the week of 2024-09-20, the average rate was 5.54%.

    The average rate one year ago was 7.26%.

    For refis of the same type during the week of 2024-10-25, the average rate was 6.46%.

    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
    UNITED WHOLESALE MORTGAGE, LLC 340 6.09% $12,712
    Mortgage Research Center, LLC 313 6.56% $10,258
    QUICKEN LOANS, LLC 200 6.03% $16,318
    NAVY FEDERAL CREDIT UNION 149 5.74% $9,681
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 148 6.52% $11,397
    MOVEMENT MORTGAGE, LLC 140 6.56% $15,715
    CROSSCOUNTRY MORTGAGE, LLC 135 6.47% $13,478
    GUILD MORTGAGE COMPANY 108 6.32% $15,882
    LOANDEPOT.COM, LLC 78 5.84% $14,383
    FREEDOM MORTGAGE CORPORATION 72 6.31% $21,677
    AMERICAN PACIFIC MORTGAGE CORPORATION 63 6.41% $19,636
    The Federal Savings Bank 62 6.03% $22,793
    PENNYMAC LOAN SERVICES, LLC 56 5.56% $14,070
    BAY EQUITY LLC 53 6.27% $12,255
    CMG MORTGAGE, INC. 51 6.44% $18,094
    PREMIER MORTGAGE RESOURCES, L.L.C. 50 6.33% $19,241
    USAA Federal Savings Bank 49 6.26% $11,554
    EAGLE HOME MORTGAGE, LLC 43 5.88% $13,745
    DHI MORTGAGE COMPANY, LTD. 40 5.53% $10,694
    SeaTrust Mortgage Company 40 6.43% $17,621
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 38 6.67% $15,147
    NEWREZ LLC 38 6.43% $17,705
    Paramount Residential Mortgage Group, Inc. 37 6.51% $12,263
    BROKER SOLUTIONS, INC. 34 6.23% $17,506
    CALIBER HOME LOANS, INC. 33 5.88% $12,280
    NFM, INC. 32 6.39% $17,800
    GUARANTEED RATE, INC. 32 6.10% $11,072
    NBKC BANK 26 5.67% $11,101
    CORNERSTONE HOME LENDING, INC. 26 6.22% $12,303
    CARDINAL FINANCIAL 24 6.40% $19,262
    HOMEBRIDGE FINANCIAL SERVICES, INC. 24 6.04% $14,395
    ACADEMY MORTGAGE CORPORATION 24 6.57% $17,833
    1st Security Bank of Washington 23 5.88% $20,821
    MORTGAGE SOLUTIONS OF COLORADO, LLC 22 7.08% $10,130
    Ixonia Bank 21 6.58% $15,088
    INSPIRE HOME LOANS INC. 21 5.75% $15,223
    NOVA FINANCIAL & INVESTMENT CORPORATION 21 6.57% $15,747
    KBHS HOME LOANS, LLC 21 5.52% $13,640
    HomeStreet Bank 20 6.28% $13,978
    Mr. Cooper ( Nationstar Mortgage ) 18 6.03% $22,004
    NEW DAY FINANCIAL, LLC 18 7.34% $15,635
    VILLAGE CAPITAL MORTGAGE 17 5.96% $14,494
    AMERISAVE MORTGAGE CORPORATION 16 5.77% $19,075
    MUTUAL OF OMAHA MORTGAGE, INC. 15 6.11% $14,388
    U.S. Bank 15 5.83% $11,954
    Wells Fargo Bank 15 5.74% $12,701
    T2 FINANCIAL LLC 15 6.23% $13,465
    Flagstar Bank, FSB 14 6.42% $13,850
    AMERICAN FINANCIAL NETWORK, INC. 14 6.27% $14,218
    HOMEAMERICAN MORTGAGE CORPORATION 13 5.15% $5,279
    Equity Prime Mortgage LLC 13 6.74% $15,314
    PENTAGON FEDERAL CREDIT UNION 13 5.81% $17,399
    SAMMAMISH MORTGAGE COMPANY 12 5.66% $13,081
    Prosperity Home Mortgage, LLC 11 5.84% $17,392
    Alaska USA Federal Credit Union 10 6.49% $19,633
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 6.64% $10,693
    MLD MORTGAGE INC. 10 6.51% $12,676
    Plains Commerce Bank 10 6.25% $10,494
    PLANET HOME LENDING, LLC 9 5.72% $15,133
    GENEVA FINANCIAL, LLC 8 6.25% $20,437
    Boeing Employees Credit Union 7 6.61% $10,628
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.34% $12,391
    Umpqua Bank 7 6.36% $7,780
    PENRITH HOME LOANS LLC 7 6.39% $25,626
    Barrington Bank & Trust Company, N.A. 7 6.05% $14,945
    Century Mortgage Company DBA Century Lending Company 7 6.45% $12,919
    CHURCHILL MORTGAGE CORPORATION 7 6.45% $20,675
    Armed Forces Bank 7 6.11% $16,267
    SUN WEST MORTGAGE COMPANY, INC. 7 6.62% $16,089
    EVERETT FINANCIAL, INC. 6 5.98% $14,239
    ON Q FINANCIAL, INC. 6 6.46% $4,297
    LAKEVIEW LOAN SERVICING, LLC 6 6.23% $13,598
    MASON MCDUFFIE MORTGAGE CORPORATION 6 6.25% $20,775
    Mid-Continent Funding, Inc. 6 6.29% $13,968
    ENVOY MORTGAGE, LTD 6 6.42% $8,036
    PREMIA MORTGAGE, LLC 5 6.08% $10,016
    AXIA FINANCIAL, LLC 5 6.20% $13,092
    PULTE MORTGAGE LLC 5 5.23% $12,613
    DAS Acquisition Company, LLC 5 6.63% $9,815
    PRIORITY HOME LENDING, LLC 5 6.33% $15,341
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.48% $19,881
    Banner Bank 5 6.13% $16,508
    American Mortgage & Equity Consultants, Inc. 5 5.90% $13,581
    BNC National Bank 4 5.59% $13,786
    AMCAP MORTGAGE, LTD. 4 6.47% $7,407
    GUARANTEED RATE AFFINITY, LLC 4 6.14% $8,047
    LADERA LENDING, INC. 4 6.63% $16,228
    LEADERONE FINANCIAL CORPORATION 4 7.09% $14,095
    LOANPAL, LLC 4 5.53% $22,644
    NATIONS DIRECT MORTGAGE, LLC 4 6.69% $11,113
    North American Savings Bank, F.S.B. 4 5.22% $7,845
    PLAZA HOME MORTGAGE, INC. 4 6.72% $15,064
    SOUND 4 5.91% $13,319
    UNION HOME MORTGAGE CORP. 4 6.41% $15,443
    S1L, Inc. 3 5.92% $11,133
    The Loan Store, Inc. 3 6.29% $14,146
    TRISTAR FINANCE, INC. 3 6.04% $27,231
    NETWORK CAPITAL FUNDING CORPORATION 3 6.33% $17,042
    DIRECTORS MORTGAGE, INC. 3 5.88% $18,973
    WASHINGTON STATE EMPLOYEES Credit Union 3 5.71% $6,073
    Magnolia Bank 3 5.96% $19,537
    JPMorgan Chase Bank 3 6.16% $11,980
    Sierra Pacific Mortgage Company, Inc. 3 6.54% $19,702
    First Savings Bank 3 5.33% $14,920
    South Pacific Financial Corporation 2 5.88% $8,797
    Wallick & Volk, Inc. 2 7.19% $6,806
    MANN FINANCIAL INC. 2 5.94% $12,959
    MICHIGAN MUTUAL, INC. 2 5.44% $6,909
    Ameris Bank 2 6.00% $8,161
    GoPrime Mortgage, Inc. 2 5.88% $19,355
    Academy Bank 2 6.44% $3,475
    HOMESIDE FINANCIAL, LLC 2 7.00% $8,992
    CONTOUR MORTGAGE CORPORATION 2 6.25% $18,725
    GUARANTY HOME MORTGAGE CORPORATION 2 5.94% $13,459
    SUMMIT FUNDING, INC. 2 5.75% $10,362
    MORTGAGEONE, INC. 2 8.00% $6,509
    VERITAS FUNDING, LLC 2 5.88% $26,751
    FIRST CONTINENTAL MORTGAGE, LTD. 2 6.56% $16,518
    Fifth Third Bank 1 6.00% $2,838
    Farmers Bank & Trust 1 5.50% $15,902
    EMBRACE HOME LOANS, INC. 1 5.99% $30,717
    CRESCENT MORTGAGE COMPANY 1 6.75% $6,258
    Cornerstone First Mortgage, Inc 1 7.00% $6,755
    RELIANCE FIRST CAPITAL, LLC 1 6.13% $20,818
    COMMUNITYAMERICA 1 6.88% $2,758
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.25% $10,071
    Willamette Valley Bank 1 6.75% $1,479
    Sound Community Bank 1 6.75% $6,258
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.00% $38,637
    Strong Home Mortgage, LLC 1 5.25% $3,188
    Summit Mortgage Corporation 1 5.75% $18,667
    Sunflower Bank 1 6.13% $19,749
    CHERRY CREEK MORTGAGE, LLC 1 5.00% $7,980
    Carrington Mortgage Services, LLC 1 5.13% $3,074
    TBI MORTGAGE COMPANY 1 6.75% $8,326
    The Central Trust Bank 1 5.63% $4,457
    Bank of England 1 5.75% $10,044
    AmRes Corporation 1 7.25% $19,136
    ZILLOW HOME LOANS, LLC 1 6.25% $19,015
    AmeriHome Mortgage Company, LLC 1 5.50% $13,779
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $11,016
    AMERICAN FINANCING CORPORATION 1 5.50% $11,769
    V.I.P. MORTGAGE, INC. 1 4.88% $24,787
    MEMBER FIRST MORTGAGE, LLC 1 7.25% $7,457
    Lakeview Community Capital, LLC 1 5.75% $5,412
    LPMC, LLC 1 6.50% $2,426
    Keystone Funding, Inc. 1 5.75% $4,044
    KeyBank 1 6.38% $8,160
    MOUNTAIN WEST FINANCIAL, INC. 1 6.50% $6,705
    KELLER MORTGAGE, LLC 1 5.63% $15,568
    Nations Lending Corporation 1 6.63% $21,214
    NATIONS RELIABLE LENDING, LLC 1 6.75% $8,139
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.75% $6,426
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.13% $10,790
    GSF Mortgage Corporation 1 5.38% $15,752
    NexBank 1 5.75% $16,657
    Northpointe Bank 1 6.13% $7,615
    Golden Empire Mortgage, Inc. 1 6.75% $16,247
    Gateway First Bank 1 5.75% $7,289
    ONY GLO, INC. 1 7.25% $25,507
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $6,567
    First Western Trust Bank 1 5.63% $4,606
    First Internet Bank of Indiana 1 5.00% $10,179
    First Horizon Bank 1 6.25% $11,475
    PHH Mortgage Corporation 1 6.00% $19,545
    First Federal Savings and Loan Association of Port Angeles 1 5.50% $13,779
    First Federal Bank 1 5.63% $23,048
    Wheatland Bank 1 6.00% $5,750
    POINT Mortgage 1 7.25% $11,044

    The top Seattle VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 340 VA loans originated. Their average total fees are $12,712, which is $2,454 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Seattle VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($5,279), NAVY FEDERAL CREDIT UNION ($9,681), MORTGAGE SOLUTIONS OF COLORADO, LLC ($10,130), Mortgage Research Center, LLC ($10,258) and Plains Commerce Bank ($10,494).

    The lowest rate Seattle VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (5.15%), KBHS HOME LOANS, LLC (5.52%), DHI MORTGAGE COMPANY, LTD. (5.53%), PENNYMAC LOAN SERVICES, LLC (5.56%) and SAMMAMISH MORTGAGE COMPANY (5.66%).

    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.