Tacoma VA Loans
TACOMA-LAKEWOOD, 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 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.
Tacoma's 227 lenders originated 10,131 VA loans during 2021. The total origination value was $4,069,985,000, with an average VA loan value of $401,736.
Tacoma VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Tacoma
averaged
4.55%
for the week of 2022-03-25, compared to the national average (all VA variants) of
4.399% for the same period.
The average rate for the prior week (2022-03-18) was
4.73% and
one month ago for the week of 2022-02-18, the
average rate was 4.04%.
The average rate one year ago was 3.32%.
For refis of the same type during the week of 2022-03-25, the average rate
was 4.56%.
Tacoma VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tacoma level.
The top Tacoma VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
645 VA loans originated. Their average total fees are
$3,484, which is $2,450
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Tacoma VA lenders (with over 10 loans originated) are
Lakeview Community Capital, LLC ($2,241), SOUND ($2,705), LAKEVIEW LOAN SERVICING, LLC ($2,828), Wyndham Capital Mortgage, Inc. ($2,850) and BNC National Bank ($3,067).
The lowest rate Tacoma VA lenders (with over 10 loans originated) are
NP, Inc. (2.30%), SOUND (2.33%), BNC National Bank (2.33%), PENNYMAC LOAN SERVICES, LLC (2.33%) and North American Savings Bank, F.S.B. (2.34%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Tacoma (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 | $497,000 (13.6%) | $822,806 (17.7%) | 1.83 | 3,020 |
| 2018-02-01 | $522,475 (13.7%) | $842,187 (14.4%) | 1.88 | 3,062 |
| 2018-03-01 | $550,000 (14.1%) | $861,145 (13.7%) | 1.90 | 3,428 |
| 2018-04-01 | $567,444 (14.6%) | $865,153 (11.0%) | 1.90 | 4,068 |
| 2018-05-01 | $574,975 (15.1%) | $862,623 (10.4%) | 1.92 | 4,958 |
| 2018-06-01 | $579,000 (15.8%) | $863,030 (11.3%) | 1.93 | 6,145 |
| 2018-07-01 | $568,500 (13.7%) | $825,908 (7.5%) | 1.90 | 7,521 |
| 2018-08-01 | $554,500 (13.7%) | $795,811 (6.5%) | 1.85 | 8,487 |
| 2018-09-01 | $549,950 (12.3%) | $780,888 (3.8%) | 1.84 | 9,587 |
| 2018-10-01 | $557,000 (12.5%) | $781,507 (2.3%) | 1.86 | 9,775 |
| 2018-11-01 | $550,000 (11.1%) | $779,804 (0.1%) | 1.84 | 8,712 |
| 2018-12-01 | $550,000 (11.1%) | $785,745 (-1.0%) | 1.88 | 7,151 |
| 2019-01-01 | $563,900 (13.5%) | $820,055 (-0.3%) | 1.94 | 5,745 |
| 2019-02-01 | $590,973 (13.1%) | $858,699 (2.0%) | 1.98 | 5,588 |
| 2019-03-01 | $606,491 (10.3%) | $876,525 (1.8%) | 1.98 | 5,783 |
| 2019-04-01 | $627,940 (10.7%) | $905,243 (4.6%) | 1.98 | 6,068 |
| 2019-05-01 | $629,500 (9.5%) | $890,540 (3.2%) | 1.94 | 7,174 |
| 2019-06-01 | $619,000 (6.9%) | $866,498 (0.4%) | 1.91 | 7,936 |
| 2019-07-01 | $604,944 (6.4%) | $857,001 (3.8%) | 1.88 | 7,913 |
| 2019-08-01 | $595,664 (7.4%) | $844,070 (6.1%) | 1.87 | 8,033 |
| 2019-09-01 | $589,475 (7.2%) | $836,162 (7.1%) | 1.87 | 7,780 |
| 2019-10-01 | $587,475 (5.5%) | $832,696 (6.6%) | 1.87 | 8,529 |
| 2019-11-01 | $580,000 (5.5%) | $836,584 (7.3%) | 1.87 | 6,789 |
| 2019-12-01 | $582,000 (5.8%) | $850,252 (8.2%) | 1.94 | 4,885 |
| 2020-01-01 | $592,495 (5.1%) | $874,162 (6.6%) | 1.98 | 3,956 |
| 2020-02-01 | $599,950 (1.5%) | $894,876 (4.2%) | 1.94 | 3,784 |
| 2020-03-01 | $614,975 (1.4%) | $891,020 (1.7%) | 1.92 | 4,293 |
| 2020-04-01 | $599,973 (-4.5%) | $852,009 (-5.9%) | 1.87 | 4,963 |
| 2020-05-01 | $610,000 (-3.1%) | $864,824 (-2.9%) | 1.85 | 5,630 |
| 2020-06-01 | $624,950 (1.0%) | $893,090 (3.1%) | 1.82 | 5,742 |
| 2020-07-01 | $629,475 (4.1%) | $901,753 (5.2%) | 1.80 | 5,734 |
| 2020-08-01 | $625,000 (4.9%) | $890,881 (5.6%) | 1.79 | 5,956 |
| 2020-09-01 | $626,995 (6.4%) | $892,935 (6.8%) | 1.79 | 6,049 |
| 2020-10-01 | $624,950 (6.4%) | $896,079 (7.6%) | 1.79 | 5,832 |
| 2020-11-01 | $629,450 (8.5%) | $926,930 (10.8%) | 1.80 | 4,159 |
| 2020-12-01 | $627,450 (7.8%) | $933,443 (9.8%) | 1.84 | 3,145 |
| 2021-01-01 | $639,990 (8.0%) | $966,939 (10.6%) | 1.88 | 2,413 |
| 2021-02-01 | $647,500 (7.9%) | $960,673 (7.4%) | 1.86 | 2,240 |
| 2021-03-01 | $649,500 (5.6%) | $929,283 (4.3%) | 1.82 | 2,547 |
| 2021-04-01 | $669,475 (11.6%) | $942,142 (10.6%) | 1.80 | 2,749 |
| 2021-05-01 | $679,900 (11.5%) | $954,508 (10.4%) | 1.79 | 2,899 |
| 2021-06-01 | $686,830 (9.9%) | $951,254 (6.5%) | 1.78 | 3,378 |
| 2021-07-01 | $692,000 (9.9%) | $955,871 (6.0%) | 1.80 | 3,523 |
| 2021-08-01 | $675,000 (8.0%) | $915,715 (2.8%) | 1.77 | 3,738 |
| 2021-09-01 | $677,450 (8.1%) | $928,676 (4.0%) | 1.78 | 3,724 |
| 2021-10-01 | $679,950 (8.8%) | $950,349 (6.1%) | 1.79 | 3,306 |
| 2021-11-01 | $676,000 (7.4%) | $957,793 (3.3%) | 1.78 | 2,498 |
| 2021-12-01 | $670,000 (6.8%) | $946,708 (1.4%) | 1.79 | 1,660 |
| 2022-01-01 | $695,000 (8.6%) | $1,018,070 (5.3%) | 1.85 | 1,296 |
Tacoma's median listing price comes in at 185% of the national average.
Tacoma's average listing price for 2022-01-01 was $1,018,070, a difference of $51,131 (5.3%) versus the prior year and $71,362 versus the prior month.
For the 2022-01-01 period, Tacoma had 1,296 MLS listings, a difference of -364 listings (-22%) versus the prior month and -1,117 listings (-46%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Tacoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 45 days | 2,180 sqft |
| 2018-02-01 | 27 days | 2,173 sqft |
| 2018-03-01 | 22 days | 2,184 sqft |
| 2018-04-01 | 23 days | 2,160 sqft |
| 2018-05-01 | 21 days | 2,184 sqft |
| 2018-06-01 | 23 days | 2,170 sqft |
| 2018-07-01 | 29 days | 2,133 sqft |
| 2018-08-01 | 31 days | 2,098 sqft |
| 2018-09-01 | 36 days | 2,040 sqft |
| 2018-10-01 | 38 days | 2,029 sqft |
| 2018-11-01 | 45 days | 2,014 sqft |
| 2018-12-01 | 59 days | 2,024 sqft |
| 2019-01-01 | 64 days | 2,070 sqft |
| 2019-02-01 | 44 days | 2,119 sqft |
| 2019-03-01 | 37 days | 2,132 sqft |
| 2019-04-01 | 28 days | 2,164 sqft |
| 2019-05-01 | 30 days | 2,125 sqft |
| 2019-06-01 | 33 days | 2,110 sqft |
| 2019-07-01 | 38 days | 2,108 sqft |
| 2019-08-01 | 41 days | 2,069 sqft |
| 2019-09-01 | 43 days | 2,048 sqft |
| 2019-10-01 | 43 days | 2,045 sqft |
| 2019-11-01 | 49 days | 2,020 sqft |
| 2019-12-01 | 63 days | 2,037 sqft |
| 2020-01-01 | 67 days | 2,050 sqft |
| 2020-02-01 | 38 days | 2,075 sqft |
| 2020-03-01 | 30 days | 2,080 sqft |
| 2020-04-01 | 32 days | 2,067 sqft |
| 2020-05-01 | 36 days | 2,054 sqft |
| 2020-06-01 | 35 days | 2,038 sqft |
| 2020-07-01 | 35 days | 2,012 sqft |
| 2020-08-01 | 32 days | 1,920 sqft |
| 2020-09-01 | 35 days | 1,841 sqft |
| 2020-10-01 | 35 days | 1,780 sqft |
| 2020-11-01 | 43 days | 1,709 sqft |
| 2020-12-01 | 50 days | 1,685 sqft |
| 2021-01-01 | 52 days | 1,640 sqft |
| 2021-02-01 | 35 days | 1,661 sqft |
| 2021-03-01 | 31 days | 1,734 sqft |
| 2021-04-01 | 28 days | 1,767 sqft |
| 2021-05-01 | 28 days | 1,790 sqft |
| 2021-06-01 | 26 days | 1,814 sqft |
| 2021-07-01 | 30 days | 1,814 sqft |
| 2021-08-01 | 29 days | 1,819 sqft |
| 2021-09-01 | 30 days | 1,855 sqft |
| 2021-10-01 | 34 days | 1,840 sqft |
| 2021-11-01 | 36 days | 1,825 sqft |
| 2021-12-01 | 41 days | 1,794 sqft |
| 2022-01-01 | 39 days | 1,797 sqft |
Tacoma's median square footage for active listings during the 2022-01-01 period was 1,797 sqft. One year prior, the average listing was 1,640 sqft.
