Spokane VA Loan Rates, Closing Costs & Stats

SPOKANE-SPOKANE VALLEY, 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.

    Spokane's 113 lenders originated 1,282 VA loans during 2024. The total origination value was $541,630,000, with an average VA loan value of $422,488.

    Spokane VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Spokane averaged 0.43% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Spokane's average VA mortgage closing costs are $7,058.

    The average rate for the prior week (2025-06-13) was 6.78% and one month ago for the week of 2025-05-16, the average rate was 6.64%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.16%.

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

    Spokane 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 Spokane level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 200 5.89% $8,148
    Mortgage Research Center, LLC 116 6.29% $7,020
    FREEDOM MORTGAGE CORPORATION 62 6.04% $8,697
    DHI MORTGAGE COMPANY, LTD. 59 5.18% $7,249
    QUICKEN LOANS, LLC 58 5.84% $11,434
    Sunflower Bank 53 6.09% $12,142
    CMG MORTGAGE, INC. 38 6.05% $14,437
    PENNYMAC LOAN SERVICES, LLC 33 5.61% $8,079
    GUILD MORTGAGE COMPANY 30 6.23% $9,811
    NAVY FEDERAL CREDIT UNION 29 5.83% $6,931
    CANOPY MORTGAGE, LLC 25 6.59% $15,364
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 23 6.12% $10,331
    CROSSCOUNTRY MORTGAGE, LLC 22 6.27% $8,156
    AMERICAN PACIFIC MORTGAGE CORPORATION 22 6.30% $13,279
    VILLAGE CAPITAL MORTGAGE 20 5.59% $6,114
    USAA Federal Savings Bank 19 5.99% $9,991
    The Federal Savings Bank 17 6.29% $20,692
    PLANET HOME LENDING, LLC 15 5.57% $4,343
    GUARANTEED RATE, INC. 15 5.87% $5,972
    LOANDEPOT.COM, LLC 14 5.82% $13,942
    PREMIER MORTGAGE RESOURCES, L.L.C. 13 6.10% $16,215
    EAGLE HOME MORTGAGE, LLC 13 5.35% $8,241
    American Mortgage & Equity Consultants, Inc. 12 6.73% $13,562
    CORNERSTONE HOME LENDING, INC. 12 6.54% $6,153
    Century Mortgage Company DBA Century Lending Company 11 6.14% $9,013
    NEW DAY FINANCIAL, LLC 11 7.64% $16,147
    NEWREZ LLC 10 6.20% $9,871
    Glacier Bank 10 5.98% $12,917
    NBKC BANK 10 5.62% $4,915
    Sierra Pacific Mortgage Company, Inc. 9 6.04% $12,604
    MOVEMENT MORTGAGE, LLC 8 6.47% $22,124
    BAY EQUITY LLC 7 6.34% $5,086
    T2 FINANCIAL LLC 7 6.50% $15,220
    BROKER SOLUTIONS, INC. 7 6.59% $11,984
    U.S. Bank 7 6.23% $10,007
    GUARANTEED RATE AFFINITY, LLC 6 6.37% $6,102
    NUMERICA CREDIT UNION 6 5.79% $4,330
    IDAHO CENTRAL 6 6.13% $5,492
    LAKEVIEW LOAN SERVICING, LLC 6 5.56% $11,085
    Flagstar Bank, FSB 6 6.02% $11,154
    SCENIC OAKS FUNDING, INC. 6 6.08% $9,171
    Mr. Cooper ( Nationstar Mortgage ) 6 5.81% $16,386
    Paramount Residential Mortgage Group, Inc. 6 6.17% $10,859
    PREMIER LENDING, INC. 5 6.35% $13,092
    SUMMIT FUNDING, INC. 5 6.53% $14,658
    Washington Trust Bank 5 5.85% $9,331
    LOANPAL, LLC 5 5.67% $12,613
    LEADERONE FINANCIAL CORPORATION 5 6.07% $14,962
    S1L, Inc. 5 6.20% $11,531
    Boeing Employees Credit Union 5 6.15% $7,621
    HOMESIDE FINANCIAL, LLC 4 6.75% $24,511
    AMERISAVE MORTGAGE CORPORATION 4 5.66% $20,597
    Banner Bank 4 6.13% $20,163
    Barrington Bank & Trust Company, N.A. 4 6.38% $4,239
    CARDINAL FINANCIAL 4 6.22% $6,961
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.50% $10,733
    HomeStreet Bank 4 5.69% $12,923
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.19% $12,026
    Northpointe Bank 4 6.16% $12,046
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.08% $4,403
    Credence Funding Corporation 3 5.54% $6,086
    SUN WEST MORTGAGE COMPANY, INC. 3 6.00% $6,377
    Carrington Mortgage Services, LLC 3 6.04% $12,680
    Willamette Valley Bank 3 6.25% $16,942
    Plains Commerce Bank 3 6.13% $15,328
    Equity Prime Mortgage LLC 3 6.50% $7,262
    ENVOY MORTGAGE, LTD 3 6.17% $6,227
    GENEVA FINANCIAL, LLC 3 7.33% $16,936
    INTELLILOAN, INC. 3 6.63% $2,173
    STARBOARD FINANCIAL MANAGEMENT, LLC 2 6.38% $24,756
    Opportunity Bank of Montana 2 5.94% $7,119
    CHURCHILL MORTGAGE CORPORATION 2 5.88% $14,767
    Alaska USA Federal Credit Union 2 6.00% $5,753
    NATIONS DIRECT MORTGAGE, LLC 2 6.50% $6,294
    Armed Forces Bank 2 5.50% $12,247
    The Loan Store, Inc. 2 5.50% $10,716
    Umpqua Bank 2 7.06% $11,981
    WASHINGTON STATE EMPLOYEES Credit Union 2 5.87% $4,494
    JPMorgan Chase Bank 2 5.56% $4,782
    SAMMAMISH MORTGAGE COMPANY 1 5.63% $7,318
    SIRVA MORTGAGE, INC. 1 6.63% $7,438
    MORTGAGE EXPRESS, LLC 1 6.75% $13,221
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $20,886
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.75% $6,976
    America's Credit Union 1 6.49% $3,769
    AMERICAN FINANCING CORPORATION 1 6.88% $6,454
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $16,340
    V.I.P. MORTGAGE, INC. 1 6.75% $21,109
    Wallick & Volk, Inc. 1 7.25% $1,286
    AMERICAN FINANCIAL NETWORK, INC. 1 5.13% $8,034
    Waterstone Mortgage Corporation 1 5.99% $11,652
    Wells Fargo Bank 1 6.88% $8,320
    MORTGAGEONE, INC. 1 6.63% $807
    Strong Home Mortgage, LLC 1 5.63% $2,777
    MLD MORTGAGE INC. 1 6.13% $6,010
    Nations Lending Corporation 1 6.13% $29,747
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.63% $2,071
    NBH Bank 1 6.13% $32,783
    INTERCAP LENDING INC. 1 5.63% $7,847
    ZILLOW HOME LOANS, LLC 1 6.63% $19,429
    HORIZON 1 5.75% $7,217
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $1,008
    PENRITH HOME LOANS LLC 1 5.75% $10,820
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $4,665
    PHH Mortgage Corporation 1 5.13% $4,106
    GoPrime Mortgage, Inc. 1 5.63% $15,004
    PLAZA HOME MORTGAGE, INC. 1 4.99% $15,761
    First National Bank Texas 1 5.75% $4,968
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $9,674
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $30,421
    First Federal Bank 1 5.63% $5,568
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 7.50% $9,035
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.25% $25,829

    The top Spokane VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 200 VA loans originated. Their average total fees are $8,148, which is $1,128 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Spokane VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($4,343), NBKC BANK ($4,915), GUARANTEED RATE, INC. ($5,972), VILLAGE CAPITAL MORTGAGE ($6,114) and CORNERSTONE HOME LENDING, INC. ($6,153).

    The lowest rate Spokane VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.18%), EAGLE HOME MORTGAGE, LLC (5.35%), PLANET HOME LENDING, LLC (5.57%), VILLAGE CAPITAL MORTGAGE (5.59%) and PENNYMAC LOAN SERVICES, LLC (5.61%).

    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.