Spokane VA Loan Rates, Closing Costs & Stats
SPOKANE-SPOKANE VALLEY, 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.
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
6.19%
for the week of 2025-04-04, compared to the national average (all VA variants) of
6.06% for the same period.
Spokane's average VA mortgage closing costs are $7,058.
The average rate for the prior week (2025-03-28) was
6.31% and
one month ago for the week of 2025-02-28, the
average rate was 6.69%.
The average rate one year ago was 6.5%.
For refis of the same type during the week of 2025-04-04, the average rate
was 6.1%.
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.
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%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Spokane (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $285,000 (13.3%) | $356,733 (11.9%) | 1.06 | 1,073 |
2018-02-01 | $299,250 (14.0%) | $373,678 (13.9%) | 1.09 | 990 |
2018-03-01 | $309,900 (12.7%) | $381,271 (11.0%) | 1.09 | 979 |
2018-04-01 | $319,225 (12.0%) | $392,806 (12.5%) | 1.08 | 1,110 |
2018-05-01 | $319,070 (10.4%) | $395,916 (11.7%) | 1.07 | 1,260 |
2018-06-01 | $315,000 (9.2%) | $395,583 (11.1%) | 1.05 | 1,421 |
2018-07-01 | $317,500 (11.4%) | $399,237 (14.0%) | 1.06 | 1,543 |
2018-08-01 | $309,463 (12.5%) | $391,344 (14.5%) | 1.04 | 1,605 |
2018-09-01 | $300,000 (9.1%) | $388,146 (13.8%) | 1.01 | 1,633 |
2018-10-01 | $312,250 (14.6%) | $397,319 (16.3%) | 1.06 | 1,559 |
2018-11-01 | $319,500 (19.2%) | $403,049 (19.2%) | 1.08 | 1,342 |
2018-12-01 | $318,500 (15.8%) | $402,314 (15.2%) | 1.10 | 1,127 |
2019-01-01 | $327,995 (15.1%) | $415,262 (16.4%) | 1.13 | 950 |
2019-02-01 | $335,845 (12.2%) | $422,619 (13.1%) | 1.13 | 859 |
2019-03-01 | $341,043 (10.1%) | $427,846 (12.2%) | 1.12 | 892 |
2019-04-01 | $346,818 (8.6%) | $430,929 (9.7%) | 1.10 | 1,003 |
2019-05-01 | $349,985 (9.7%) | $426,538 (7.7%) | 1.09 | 1,170 |
2019-06-01 | $349,990 (11.1%) | $419,145 (6.0%) | 1.09 | 1,287 |
2019-07-01 | $344,950 (8.7%) | $408,021 (2.2%) | 1.08 | 1,470 |
2019-08-01 | $340,273 (10.0%) | $410,035 (4.8%) | 1.08 | 1,492 |
2019-09-01 | $340,682 (13.6%) | $415,430 (7.0%) | 1.09 | 1,474 |
2019-10-01 | $340,955 (9.2%) | $419,683 (5.6%) | 1.10 | 1,451 |
2019-11-01 | $345,000 (8.0%) | $422,492 (4.8%) | 1.13 | 1,256 |
2019-12-01 | $342,970 (7.7%) | $420,764 (4.6%) | 1.14 | 1,044 |
2020-01-01 | $342,498 (4.4%) | $419,674 (1.1%) | 1.14 | 813 |
2020-02-01 | $359,900 (7.2%) | $438,812 (3.8%) | 1.18 | 747 |
2020-03-01 | $379,924 (11.4%) | $448,389 (4.8%) | 1.19 | 795 |
2020-04-01 | $379,350 (9.4%) | $451,379 (4.8%) | 1.19 | 932 |
2020-05-01 | $385,604 (10.2%) | $455,230 (6.7%) | 1.17 | 940 |
2020-06-01 | $384,975 (10.0%) | $450,694 (7.5%) | 1.13 | 938 |
2020-07-01 | $393,963 (14.2%) | $459,805 (12.7%) | 1.14 | 885 |
2020-08-01 | $388,073 (14.1%) | $464,389 (13.3%) | 1.11 | 858 |
2020-09-01 | $387,419 (13.7%) | $462,065 (11.2%) | 1.11 | 842 |
2020-10-01 | $376,156 (10.3%) | $462,780 (10.3%) | 1.08 | 751 |
2020-11-01 | $374,950 (8.7%) | $466,012 (10.3%) | 1.10 | 614 |
2020-12-01 | $369,849 (7.8%) | $470,358 (11.8%) | 1.10 | 464 |
2021-01-01 | $369,900 (8.0%) | $490,305 (16.8%) | 1.10 | 324 |
2021-02-01 | $378,155 (5.1%) | $512,838 (16.9%) | 1.10 | 286 |
2021-03-01 | $377,450 (-0.7%) | $508,198 (13.3%) | 1.07 | 323 |
2021-04-01 | $399,900 (5.4%) | $529,689 (17.4%) | 1.08 | 331 |
2021-05-01 | $413,000 (7.1%) | $530,315 (16.5%) | 1.10 | 395 |
2021-06-01 | $422,450 (9.7%) | $569,547 (26.4%) | 1.11 | 514 |
2021-07-01 | $439,995 (11.7%) | $570,861 (24.2%) | 1.16 | 647 |
2021-08-01 | $454,400 (17.1%) | $567,544 (22.2%) | 1.21 | 728 |
2021-09-01 | $450,000 (16.2%) | $565,649 (22.4%) | 1.20 | 850 |
2021-10-01 | $450,000 (19.6%) | $551,467 (19.2%) | 1.20 | 839 |
2021-11-01 | $449,975 (20.0%) | $557,558 (19.6%) | 1.20 | 627 |
2021-12-01 | $459,725 (24.3%) | $576,341 (22.5%) | 1.25 | 479 |
2022-01-01 | $480,825 (30.0%) | $617,610 (26.0%) | 1.30 | 328 |
2022-02-01 | $480,480 (27.1%) | $631,296 (23.1%) | 1.25 | 306 |
2022-03-01 | $479,995 (27.2%) | $633,895 (24.7%) | 1.20 | 333 |
2022-04-01 | $500,000 (25.0%) | $642,876 (21.4%) | 1.19 | 440 |
2022-05-01 | $509,625 (23.4%) | $635,058 (19.8%) | 1.17 | 719 |
2022-06-01 | $517,450 (22.5%) | $642,778 (12.9%) | 1.15 | 955 |
2022-07-01 | $499,000 (13.4%) | $607,213 (6.4%) | 1.12 | 1,276 |
2022-08-01 | $489,951 (7.8%) | $594,388 (4.7%) | 1.13 | 1,375 |
2022-09-01 | $476,125 (5.8%) | $579,690 (2.5%) | 1.11 | 1,376 |
2022-10-01 | $469,900 (4.4%) | $571,775 (3.7%) | 1.11 | 1,355 |
2022-11-01 | $449,935 (0.0%) | $554,290 (-0.6%) | 1.08 | 1,219 |
2022-12-01 | $449,032 (-2.3%) | $545,111 (-5.4%) | 1.11 | 966 |
2023-01-01 | $449,463 (-6.5%) | $548,437 (-11.2%) | 1.11 | 762 |
2023-02-01 | $479,000 (-0.3%) | $577,990 (-8.4%) | 1.16 | 682 |
2023-03-01 | $497,475 (3.6%) | $591,683 (-6.7%) | 1.17 | 676 |
2023-04-01 | $512,500 (2.5%) | $604,916 (-5.9%) | 1.19 | 780 |
2023-05-01 | $524,924 (3.0%) | $622,699 (-2.0%) | 1.19 | 941 |
2023-06-01 | $532,488 (2.9%) | $633,820 (-1.4%) | 1.20 | 1,136 |
2023-07-01 | $535,000 (7.2%) | $629,070 (3.6%) | 1.22 | 1,335 |
2023-08-01 | $525,000 (7.2%) | $620,305 (4.4%) | 1.21 | 1,401 |
2023-09-01 | $513,495 (7.9%) | $618,446 (6.7%) | 1.20 | 1,456 |
2023-10-01 | $499,450 (6.3%) | $604,890 (5.8%) | 1.18 | 1,447 |
2023-11-01 | $496,675 (10.4%) | $597,836 (7.9%) | 1.18 | 1,323 |
2023-12-01 | $490,000 (9.1%) | $602,920 (10.6%) | 1.20 | 1,113 |
2024-01-01 | $497,995 (10.8%) | $612,352 (11.7%) | 1.22 | 916 |
2024-02-01 | $502,995 (5.0%) | $617,540 (6.8%) | 1.21 | 876 |
2024-03-01 | $509,995 (2.5%) | $619,832 (4.8%) | 1.20 | 916 |
2024-04-01 | $522,500 (2.0%) | $647,699 (7.1%) | 1.22 | 1,079 |
2024-05-01 | $532,498 (1.4%) | $650,116 (4.4%) | 1.21 | 1,342 |
2024-06-01 | $524,990 (-1.4%) | $639,555 (0.9%) | 1.19 | 1,580 |
2024-07-01 | $525,000 (-1.9%) | $633,632 (0.7%) | 1.20 | 1,747 |
2024-08-01 | $515,000 (-1.9%) | $624,397 (0.7%) | 1.20 | 1,767 |
2024-09-01 | $505,000 (-1.7%) | $623,689 (0.9%) | 1.19 | 1,791 |
2024-10-01 | $497,250 (-0.4%) | $615,281 (1.7%) | 1.17 | 1,793 |
2024-11-01 | $489,970 (-1.4%) | $607,587 (1.6%) | 1.18 | 1,674 |
2024-12-01 | $484,973 (-1.0%) | $596,098 (-1.1%) | 1.20 | 1,339 |
2025-01-01 | $479,948 (-3.6%) | $586,052 (-4.3%) | 1.20 | 1,189 |
2025-02-01 | $482,500 (-4.1%) | $590,519 (-4.4%) | 1.17 | 1,088 |
2025-03-01 | $500,310 (-1.9%) | $616,624 (-0.5%) | 0.00 | 1,153 |
Spokane's median listing price comes in at 0% of the national average.
Spokane's average listing price for 2025-03-01 was $616,624, a difference of $-3,208 (-0.5%) versus the prior year and $26,105 versus the prior month.
For the 2025-03-01 period, Spokane had 1,153 MLS listings, a difference of 65 listings (6%) versus the prior month and 237 listings (26%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Spokane (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 69 days | 2,255 sqft |
2018-02-01 | 47 days | 2,310 sqft |
2018-03-01 | 44 days | 2,349 sqft |
2018-04-01 | 36 days | 2,369 sqft |
2018-05-01 | 33 days | 2,404 sqft |
2018-06-01 | 36 days | 2,360 sqft |
2018-07-01 | 39 days | 2,389 sqft |
2018-08-01 | 41 days | 2,353 sqft |
2018-09-01 | 44 days | 2,352 sqft |
2018-10-01 | 46 days | 2,319 sqft |
2018-11-01 | 53 days | 2,324 sqft |
2018-12-01 | 66 days | 2,316 sqft |
2019-01-01 | 66 days | 2,351 sqft |
2019-02-01 | 49 days | 2,349 sqft |
2019-03-01 | 41 days | 2,360 sqft |
2019-04-01 | 30 days | 2,349 sqft |
2019-05-01 | 32 days | 2,380 sqft |
2019-06-01 | 35 days | 2,429 sqft |
2019-07-01 | 37 days | 2,401 sqft |
2019-08-01 | 38 days | 2,391 sqft |
2019-09-01 | 39 days | 2,373 sqft |
2019-10-01 | 41 days | 2,359 sqft |
2019-11-01 | 47 days | 2,275 sqft |
2019-12-01 | 62 days | 2,228 sqft |
2020-01-01 | 69 days | 2,196 sqft |
2020-02-01 | 53 days | 2,240 sqft |
2020-03-01 | 40 days | 2,318 sqft |
2020-04-01 | 40 days | 2,325 sqft |
2020-05-01 | 43 days | 2,321 sqft |
2020-06-01 | 39 days | 2,321 sqft |
2020-07-01 | 39 days | 2,348 sqft |
2020-08-01 | 39 days | 2,308 sqft |
2020-09-01 | 43 days | 2,307 sqft |
2020-10-01 | 47 days | 2,264 sqft |
2020-11-01 | 52 days | 2,215 sqft |
2020-12-01 | 57 days | 2,150 sqft |
2021-01-01 | 52 days | 2,121 sqft |
2021-02-01 | 40 days | 2,092 sqft |
2021-03-01 | 30 days | 2,152 sqft |
2021-04-01 | 25 days | 2,140 sqft |
2021-05-01 | 27 days | 2,161 sqft |
2021-06-01 | 21 days | 2,214 sqft |
2021-07-01 | 26 days | 2,214 sqft |
2021-08-01 | 29 days | 2,209 sqft |
2021-09-01 | 31 days | 2,254 sqft |
2021-10-01 | 35 days | 2,219 sqft |
2021-11-01 | 50 days | 2,144 sqft |
2021-12-01 | 72 days | 2,145 sqft |
2022-01-01 | 61 days | 2,035 sqft |
2022-02-01 | 33 days | 2,024 sqft |
2022-03-01 | 25 days | 2,035 sqft |
2022-04-01 | 22 days | 2,165 sqft |
2022-05-01 | 20 days | 2,220 sqft |
2022-06-01 | 22 days | 2,215 sqft |
2022-07-01 | 28 days | 2,187 sqft |
2022-08-01 | 32 days | 2,193 sqft |
2022-09-01 | 39 days | 2,178 sqft |
2022-10-01 | 39 days | 2,157 sqft |
2022-11-01 | 44 days | 2,130 sqft |
2022-12-01 | 57 days | 2,118 sqft |
2023-01-01 | 52 days | 2,101 sqft |
2023-02-01 | 43 days | 2,122 sqft |
2023-03-01 | 37 days | 2,166 sqft |
2023-04-01 | 30 days | 2,194 sqft |
2023-05-01 | 29 days | 2,256 sqft |
2023-06-01 | 30 days | 2,304 sqft |
2023-07-01 | 35 days | 2,314 sqft |
2023-08-01 | 37 days | 2,318 sqft |
2023-09-01 | 41 days | 2,305 sqft |
2023-10-01 | 39 days | 2,276 sqft |
2023-11-01 | 47 days | 2,253 sqft |
2023-12-01 | 56 days | 2,258 sqft |
2024-01-01 | 46 days | 2,247 sqft |
2024-02-01 | 39 days | 2,210 sqft |
2024-03-01 | 39 days | 2,202 sqft |
2024-04-01 | 31 days | 2,242 sqft |
2024-05-01 | 28 days | 2,293 sqft |
2024-06-01 | 33 days | 2,288 sqft |
2024-07-01 | 38 days | 2,298 sqft |
2024-08-01 | 44 days | 2,285 sqft |
2024-09-01 | 43 days | 2,265 sqft |
2024-10-01 | 45 days | 2,246 sqft |
2024-11-01 | 54 days | 2,201 sqft |
2024-12-01 | 65 days | 2,194 sqft |
2025-01-01 | 74 days | 2,124 sqft |
2025-02-01 | 44 days | 2,121 sqft |
2025-03-01 | 0 days | 2,160 sqft |
Spokane's median square footage for active listings during the 2025-03-01 period was 2,160 sqft. One year prior, the average listing was 2,202 sqft.