Seattle VA Loan Rates, Closing Costs & Stats
Seattle-Tacoma-Bellevue, 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.
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
0.18%
for the week of 2024-11-15, compared to the national average (all VA variants) of
0% for the same period.
Seattle's average VA mortgage closing costs are $8,467.
The average rate for the prior week (2024-11-08) was
6.29% and
one month ago for the week of 2024-10-11, the
average rate was 5.86%.
The average rate one year ago was 7.45%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0.52%.
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.
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%).
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 |
| 2024-04-01 | $774,973 (-6.1%) | $1,152,313 (-6.8%) | 1.80 | 4,349 |
| 2024-05-01 | $777,450 (-5.5%) | $1,167,244 (-5.5%) | 1.76 | 5,740 |
| 2024-06-01 | $795,000 (-3.6%) | $1,160,605 (-5.3%) | 1.79 | 6,621 |
| 2024-07-01 | $779,245 (-4.4%) | $1,127,751 (-9.2%) | 1.78 | 7,399 |
| 2024-08-01 | $775,000 (-3.1%) | $1,122,421 (-8.5%) | 1.80 | 7,624 |
| 2024-09-01 | $772,425 (-3.3%) | $1,116,728 (-8.1%) | 1.82 | 8,018 |
| 2024-10-01 | $759,975 (-4.1%) | $1,104,829 (-6.4%) | 1.79 | 7,716 |
Seattle's median listing price comes in at 179% of the national average.
Seattle's average listing price for 2024-10-01 was $1,104,829, a difference of $-74,942 (-6.4%) versus the prior year and $-11,899 versus the prior month.
For the 2024-10-01 period, Seattle had 7,716 MLS listings, a difference of -302 listings (-4%) versus the prior month and 2,908 listings (60%) 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 |
| 2024-04-01 | 29 days | 1,860 sqft |
| 2024-05-01 | 21 days | 1,896 sqft |
| 2024-06-01 | 26 days | 1,916 sqft |
| 2024-07-01 | 36 days | 1,916 sqft |
| 2024-08-01 | 38 days | 1,929 sqft |
| 2024-09-01 | 43 days | 1,910 sqft |
| 2024-10-01 | 44 days | 1,868 sqft |
Seattle's median square footage for active listings during the 2024-10-01 period was 1,868 sqft. One year prior, the average listing was 1,960 sqft.