Shelton VA Loan Rates, Closing Costs & Stats

Shelton, 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.

Shelton's 75 lenders originated 351 VA loans during 2022. The total origination value was $136,005,000, with an average VA loan value of $387,479.

Shelton VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Shelton averaged 6.36% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Shelton's average VA mortgage closing costs are $6,970.

The average rate for the prior week (2024-02-23) was 6.78% and one month ago for the week of 2024-01-26, the average rate was 6.11%.

The average rate one year ago was 6.45%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.34%.

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

Shelton 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 Shelton level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FREEDOM MORTGAGE CORPORATION 27 3.97% $9,161
Mortgage Research Center, LLC 25 4.89% $8,147
QUICKEN LOANS, LLC 21 3.94% $15,215
NAVY FEDERAL CREDIT UNION 20 4.06% $10,263
CROSSCOUNTRY MORTGAGE, LLC 18 5.22% $11,652
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 4.29% $10,365
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 17 4.84% $15,714
CALIBER HOME LOANS, INC. 16 4.61% $13,562
MOVEMENT MORTGAGE, LLC 14 4.87% $11,280
ACADEMY MORTGAGE CORPORATION 12 4.88% $15,923
UNITED WHOLESALE MORTGAGE, LLC 10 4.02% $7,139
PENNYMAC LOAN SERVICES, LLC 9 3.10% $8,623
The Federal Savings Bank 9 4.36% $17,000
GUILD MORTGAGE COMPANY 8 4.48% $9,236
CORNERSTONE HOME LENDING, INC. 7 5.59% $10,965
BAY EQUITY LLC 6 5.46% $12,034
LOANDEPOT.COM, LLC 6 4.08% $12,217
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 4.63% $15,667
PREMIER MORTGAGE RESOURCES, L.L.C. 4 3.72% $8,853
BROKER SOLUTIONS, INC. 4 5.12% $18,919
Carrington Mortgage Services, LLC 4 4.66% $10,939
NEW DAY FINANCIAL, LLC 4 4.31% $16,088
Paramount Residential Mortgage Group, Inc. 4 5.97% $10,266
NBKC BANK 3 3.33% $7,692
AMERISAVE MORTGAGE CORPORATION 3 5.21% $9,038
LAKEVIEW LOAN SERVICING, LLC 3 3.67% $3,020
Wells Fargo Bank 3 3.75% $2,653
AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.38% $8,734
HomeStreet Bank 2 4.38% $4,711
Lakeview Community Capital, LLC 2 2.63% $2,586
CMG MORTGAGE, INC. 2 4.69% $10,663
PLANET HOME LENDING, LLC 2 4.31% $12,141
Mid-Continent Funding, Inc. 2 4.56% $13,552
NEWREZ LLC 2 4.88% $5,947
NFM, INC. 2 5.06% $7,788
Austin Capital Bank SSB 2 4.06% $15,956
CITYWIDE HOME LOANS, LLC 1 4.13% $16,391
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.25% $4,851
CHURCHILL MORTGAGE CORPORATION 1 3.63% $4,816
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $20,516
Nations Lending Corporation 1 3.88% $19,101
CARDINAL FINANCIAL 1 4.99% $11,060
CALCON MUTUAL MORTGAGE LLC 1 5.63% $18,015
Boeing Employees Credit Union 1 3.75% $9,532
Northpointe Bank 1 3.75% $18,191
BELEM SERVICING LLC 1 2.75% $7,944
Bank of the Pacific 1 2.63% $16,816
AXIA FINANCIAL, LLC 1 6.13% $0
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.88% $12,118
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.25% $4,710
RELIANCE FIRST CAPITAL, LLC 1 2.63% $20,866
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 4.75% $12,508
SECURITYNATIONAL MORTGAGE COMPANY 1 3.13% $26,802
Servion, Inc. 1 4.00% $9,905
SOUND 1 4.25% $2,915
Strong Home Mortgage, LLC 1 2.75% $3,148
SUMMIT FUNDING, INC. 1 6.63% $12,164
SUN WEST MORTGAGE COMPANY, INC. 1 4.50% $8,669
Umpqua Bank 1 6.13% $7,003
Alaska USA Mortgage Company LLC 1 5.50% $3,803
USAA Federal Savings Bank 1 3.13% $2,753
U S WIDE FINANCIAL LLC 1 2.50% $17,154
VILLAGE CAPITAL MORTGAGE 1 3.25% $7,325
Wallick & Volk, Inc. 1 5.13% $8,274
Flagstar Bank, FSB 1 2.50% $17,154
GUARANTEED RATE, INC. 1 4.50% $4,601
GENEVA FINANCIAL, LLC 1 6.13% $17,006
EVERETT FINANCIAL, INC. 1 6.13% $2,781
Equity Prime Mortgage LLC 1 5.25% $15,491
HOME POINT FINANCIAL CORPORATION 1 5.00% $10,989
Hometown Lenders, Inc. 1 3.63% $10,517
KeyBank 1 2.50% $3,931
LADERA LENDING, INC. 1 4.63% $5,113
ZILLOW HOME LOANS, LLC 1 2.63% $2,644
LEADERONE FINANCIAL CORPORATION 1 6.13% $7,116

The top Shelton VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 27 VA loans originated. Their average total fees are $9,161, which is $1,014 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Shelton VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($7,139), Mortgage Research Center, LLC ($8,147), FREEDOM MORTGAGE CORPORATION ($9,161), NAVY FEDERAL CREDIT UNION ($10,263) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,365).

The lowest rate Shelton VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.94%), FREEDOM MORTGAGE CORPORATION (3.97%), UNITED WHOLESALE MORTGAGE, LLC (4.02%), NAVY FEDERAL CREDIT UNION (4.06%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.29%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Shelton (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 $238,850 (8.9%) $300,461 (8.9%) 0.00 199
2018-02-01 $243,631 (4.6%) $307,423 (7.1%) 0.00 179
2018-03-01 $259,450 (8.4%) $332,454 (12.4%) 0.00 183
2018-04-01 $274,750 (14.7%) $340,965 (15.6%) 0.00 182
2018-05-01 $296,000 (19.6%) $360,929 (16.6%) 0.00 203
2018-06-01 $295,000 (17.4%) $364,070 (11.1%) 0.00 250
2018-07-01 $297,445 (14.4%) $375,929 (12.0%) 0.00 282
2018-08-01 $299,163 (12.9%) $382,346 (13.4%) 0.00 306
2018-09-01 $299,900 (11.3%) $382,816 (13.2%) 0.00 309
2018-10-01 $292,450 (15.2%) $369,470 (13.7%) 0.00 297
2018-11-01 $299,000 (18.9%) $365,180 (14.2%) 0.00 237
2018-12-01 $302,450 (21.3%) $372,771 (20.2%) 0.00 223
2019-01-01 $294,000 (23.1%) $374,067 (24.5%) 0.00 200
2019-02-01 $306,000 (25.6%) $382,504 (24.4%) 0.00 175
2019-03-01 $315,136 (21.5%) $404,239 (21.6%) 0.00 164
2019-04-01 $329,075 (19.8%) $431,834 (26.7%) 0.00 168
2019-05-01 $329,248 (11.2%) $408,478 (13.2%) 0.00 206
2019-06-01 $329,000 (11.5%) $397,043 (9.1%) 0.00 241
2019-07-01 $337,000 (13.3%) $410,046 (9.1%) 0.00 243
2019-08-01 $332,273 (11.1%) $408,988 (7.0%) 0.00 254
2019-09-01 $328,182 (9.4%) $409,310 (6.9%) 0.00 258
2019-10-01 $325,000 (11.1%) $408,273 (10.5%) 0.00 252
2019-11-01 $314,975 (5.3%) $382,159 (4.7%) 0.00 217
2019-12-01 $299,125 (-1.1%) $384,226 (3.1%) 0.00 181
2020-01-01 $311,250 (5.9%) $386,223 (3.3%) 0.00 163
2020-02-01 $300,000 (-2.0%) $377,848 (-1.2%) 0.00 152
2020-03-01 $329,750 (4.6%) $405,688 (0.4%) 0.00 176
2020-04-01 $333,500 (1.3%) $406,435 (-5.9%) 0.00 189
2020-05-01 $349,000 (6.0%) $430,189 (5.3%) 0.00 187
2020-06-01 $376,550 (14.5%) $444,571 (12.0%) 0.00 174
2020-07-01 $386,500 (14.7%) $445,455 (8.6%) 0.00 166
2020-08-01 $359,750 (8.3%) $444,776 (8.8%) 0.00 147
2020-09-01 $363,750 (10.8%) $455,886 (11.4%) 0.00 129
2020-10-01 $350,000 (7.7%) $455,281 (11.5%) 0.00 117
2020-11-01 $337,250 (7.1%) $441,803 (15.6%) 0.00 73
2020-12-01 $344,748 (15.3%) $397,649 (3.5%) 0.00 59
2021-01-01 $326,250 (4.8%) $392,237 (1.6%) 0.00 40
2021-02-01 $381,975 (27.3%) $453,077 (19.9%) 0.00 41
2021-03-01 $332,000 (0.7%) $415,918 (2.5%) 0.00 47
2021-04-01 $385,738 (15.7%) $448,635 (10.4%) 0.00 58
2021-05-01 $390,000 (11.8%) $452,186 (5.1%) 0.00 62
2021-06-01 $383,000 (1.7%) $511,775 (15.1%) 0.00 75
2021-07-01 $432,000 (11.8%) $539,807 (21.2%) 0.00 82
2021-08-01 $432,125 (20.1%) $552,748 (24.3%) 0.00 88
2021-09-01 $429,500 (18.1%) $553,262 (21.4%) 0.00 104
2021-10-01 $445,000 (27.1%) $569,288 (25.0%) 0.00 80
2021-11-01 $474,500 (40.7%) $580,783 (31.5%) 0.00 70
2021-12-01 $482,500 (40.0%) $645,326 (62.3%) 0.00 55
2022-01-01 $480,000 (47.1%) $691,080 (76.2%) 0.00 40
2022-02-01 $493,500 (29.2%) $746,056 (64.7%) 0.00 49
2022-03-01 $502,450 (51.3%) $690,510 (66.0%) 0.00 51
2022-04-01 $500,000 (29.6%) $688,261 (53.4%) 0.00 72
2022-05-01 $519,063 (33.1%) $719,964 (59.2%) 0.00 97
2022-06-01 $507,375 (32.5%) $665,538 (30.1%) 0.00 138
2022-07-01 $499,000 (15.5%) $637,957 (18.2%) 0.00 177
2022-08-01 $497,000 (15.0%) $615,561 (11.4%) 0.00 212
2022-09-01 $488,750 (13.8%) $606,762 (9.7%) 0.00 206
2022-10-01 $475,000 (6.7%) $601,346 (5.6%) 0.00 197
2022-11-01 $475,225 (0.2%) $611,543 (5.3%) 0.00 188
2022-12-01 $472,000 (-2.2%) $587,339 (-9.0%) 0.00 152
2023-01-01 $475,000 (-1.0%) $639,236 (-7.5%) 0.00 129
2023-02-01 $473,875 (-4.0%) $701,078 (-6.0%) 0.00 101
2023-03-01 $499,475 (-0.6%) $740,022 (7.2%) 0.00 106
2023-04-01 $521,500 (4.3%) $797,945 (15.9%) 0.00 105
2023-05-01 $502,188 (-3.3%) $710,318 (-1.3%) 0.00 121
2023-06-01 $498,750 (-1.7%) $701,329 (5.4%) 0.00 142
2023-07-01 $512,475 (2.7%) $687,760 (7.8%) 0.00 160
2023-08-01 $505,000 (1.6%) $678,603 (10.2%) 0.00 153
2023-09-01 $530,000 (8.4%) $695,637 (14.7%) 0.00 149
2023-10-01 $499,983 (5.3%) $648,693 (7.9%) 0.00 160
2023-11-01 $473,712 (-0.3%) $601,230 (-1.7%) 0.00 178
2023-12-01 $472,725 (0.2%) $594,883 (1.3%) 0.00 160
2024-01-01 $463,663 (-2.4%) $592,976 (-7.2%) 0.00 124
Shelton's median listing price for 2024-01-01 was $463,663, a difference of $-11,337 (-2.4%) versus the prior year and $-9,062 versus the prior month.

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

Shelton's average listing price for 2024-01-01 was $592,976, a difference of $-46,260 (-7.2%) versus the prior year and $-1,907 versus the prior month.

For the 2024-01-01 period, Shelton had 124 MLS listings, a difference of -36 listings (-23%) versus the prior month and -5 listings (-4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Shelton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,636 sqft
2018-02-01 0 days 1,598 sqft
2018-03-01 0 days 1,626 sqft
2018-04-01 0 days 1,599 sqft
2018-05-01 0 days 1,598 sqft
2018-06-01 0 days 1,680 sqft
2018-07-01 0 days 1,728 sqft
2018-08-01 0 days 1,750 sqft
2018-09-01 0 days 1,780 sqft
2018-10-01 0 days 1,763 sqft
2018-11-01 0 days 1,770 sqft
2018-12-01 0 days 1,840 sqft
2019-01-01 0 days 1,782 sqft
2019-02-01 0 days 1,785 sqft
2019-03-01 0 days 1,779 sqft
2019-04-01 0 days 1,766 sqft
2019-05-01 0 days 1,758 sqft
2019-06-01 0 days 1,758 sqft
2019-07-01 0 days 1,786 sqft
2019-08-01 0 days 1,767 sqft
2019-09-01 0 days 1,749 sqft
2019-10-01 0 days 1,730 sqft
2019-11-01 0 days 1,683 sqft
2019-12-01 0 days 1,682 sqft
2020-01-01 0 days 1,706 sqft
2020-02-01 0 days 1,666 sqft
2020-03-01 0 days 1,657 sqft
2020-04-01 0 days 1,680 sqft
2020-05-01 0 days 1,702 sqft
2020-06-01 0 days 1,704 sqft
2020-07-01 0 days 1,741 sqft
2020-08-01 0 days 1,596 sqft
2020-09-01 0 days 1,667 sqft
2020-10-01 0 days 1,749 sqft
2020-11-01 0 days 1,559 sqft
2020-12-01 0 days 1,647 sqft
2021-01-01 0 days 1,480 sqft
2021-02-01 0 days 1,573 sqft
2021-03-01 0 days 1,450 sqft
2021-04-01 0 days 1,569 sqft
2021-05-01 0 days 1,620 sqft
2021-06-01 0 days 1,569 sqft
2021-07-01 0 days 1,724 sqft
2021-08-01 0 days 1,762 sqft
2021-09-01 0 days 1,720 sqft
2021-10-01 0 days 1,836 sqft
2021-11-01 0 days 1,739 sqft
2021-12-01 0 days 1,772 sqft
2022-01-01 0 days 1,814 sqft
2022-02-01 0 days 1,802 sqft
2022-03-01 0 days 1,805 sqft
2022-04-01 0 days 1,718 sqft
2022-05-01 0 days 1,750 sqft
2022-06-01 0 days 1,794 sqft
2022-07-01 0 days 1,752 sqft
2022-08-01 0 days 1,764 sqft
2022-09-01 0 days 1,767 sqft
2022-10-01 0 days 1,764 sqft
2022-11-01 0 days 1,811 sqft
2022-12-01 0 days 1,765 sqft
2023-01-01 0 days 1,751 sqft
2023-02-01 0 days 1,735 sqft
2023-03-01 0 days 1,783 sqft
2023-04-01 0 days 1,792 sqft
2023-05-01 0 days 1,662 sqft
2023-06-01 0 days 1,743 sqft
2023-07-01 0 days 1,768 sqft
2023-08-01 0 days 1,769 sqft
2023-09-01 0 days 1,815 sqft
2023-10-01 0 days 1,747 sqft
2023-11-01 0 days 1,711 sqft
2023-12-01 0 days 1,768 sqft
2024-01-01 0 days 1,746 sqft
Shelton's median listing age (time on market) for 2024-01-01 was 0 days.

Shelton's median square footage for active listings during the 2024-01-01 period was 1,746 sqft. One year prior, the average listing was 1,751 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.