Walla Walla VA Loan Rates, Closing Costs & Stats

WALLA WALLA, 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.

    Walla Walla's 24 lenders originated 45 VA loans during 2023. The total origination value was $16,855,000, with an average VA loan value of $374,556.

    Walla Walla VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Walla Walla averaged 6.86% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Walla Walla's average VA mortgage closing costs are $6,642.

    The average rate for the prior week (2024-04-12) was 6.79% and one month ago for the week of 2024-03-15, the average rate was 6.85%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Walla Walla 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 Walla Walla level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 8 6.69% $9,884
    ACADEMY MORTGAGE CORPORATION 6 6.94% $15,210
    QUICKEN LOANS, LLC 3 5.58% $19,944
    FREEDOM MORTGAGE CORPORATION 2 7.00% $9,634
    CMG MORTGAGE, INC. 2 6.75% $17,441
    UNITED WHOLESALE MORTGAGE, LLC 2 5.56% $5,336
    USAA Federal Savings Bank 2 5.69% $21,303
    Century Mortgage Company DBA Century Lending Company 1 6.25% $11
    ENVOY MORTGAGE, LTD 1 6.25% $7,752
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.25% $8,608
    HomeStreet Bank 1 6.13% $6,938
    LADERA LENDING, INC. 1 5.50% $13,217
    Magnolia Bank 1 6.25% $11,710
    MICHIGAN MUTUAL, INC. 1 5.63% $20,252
    Paramount Residential Mortgage Group, Inc. 1 5.99% $11,610
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $17,360
    Umpqua Bank 1 6.50% $20,711
    Wells Fargo Bank 1 5.25% $3,286
    AMERICAN FINANCIAL NETWORK, INC. 1 5.63% $23,803
    American Mortgage & Equity Consultants, Inc. 1 6.38% $21,862
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $9,876
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $26,878
    Banner Bank 1 5.75% $7,603
    CALCON MUTUAL MORTGAGE LLC 1 6.75% $21,154

    The top Walla Walla VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $9,884, which is $5,326 lower than the next largest lender, ACADEMY MORTGAGE CORPORATION.

    The lowest fee Walla Walla VA lenders (with over 10 loans originated) are .

    The lowest rate Walla Walla VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Walla Walla (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 $284,950 (14.0%) $354,076 (8.4%) 0.00 141
    2018-02-01 $319,000 (30.5%) $374,847 (16.2%) 0.00 139
    2018-03-01 $325,000 (32.2%) $372,408 (11.0%) 0.00 147
    2018-04-01 $322,000 (19.3%) $388,928 (11.8%) 0.00 153
    2018-05-01 $336,863 (22.5%) $405,160 (13.7%) 0.00 143
    2018-06-01 $340,475 (18.2%) $420,260 (17.3%) 0.00 140
    2018-07-01 $336,975 (22.8%) $426,264 (19.4%) 0.00 147
    2018-08-01 $335,975 (23.7%) $417,638 (14.9%) 0.00 167
    2018-09-01 $335,000 (19.2%) $406,670 (13.0%) 0.00 178
    2018-10-01 $334,995 (16.2%) $390,148 (7.3%) 0.00 184
    2018-11-01 $332,470 (23.4%) $377,311 (7.0%) 0.00 177
    2018-12-01 $330,000 (26.6%) $381,524 (11.3%) 0.00 160
    2019-01-01 $334,980 (17.6%) $376,542 (6.3%) 0.00 159
    2019-02-01 $340,950 (6.9%) $392,873 (4.8%) 0.00 142
    2019-03-01 $360,686 (11.0%) $404,723 (8.7%) 0.00 135
    2019-04-01 $367,961 (14.3%) $408,316 (5.0%) 0.00 137
    2019-05-01 $379,950 (12.8%) $434,235 (7.2%) 0.00 159
    2019-06-01 $385,000 (13.1%) $432,943 (3.0%) 0.00 161
    2019-07-01 $392,425 (16.5%) $457,689 (7.4%) 0.00 173
    2019-08-01 $382,850 (14.0%) $442,645 (6.0%) 0.00 175
    2019-09-01 $373,063 (11.4%) $421,801 (3.7%) 0.00 177
    2019-10-01 $373,763 (11.6%) $413,663 (6.0%) 0.00 179
    2019-11-01 $379,900 (14.3%) $418,630 (11.0%) 0.00 169
    2019-12-01 $396,500 (20.2%) $452,476 (18.6%) 0.00 130
    2020-01-01 $397,250 (18.6%) $450,708 (19.7%) 0.00 111
    2020-02-01 $382,450 (12.2%) $433,012 (10.2%) 0.00 110
    2020-03-01 $420,000 (16.4%) $445,037 (10.0%) 0.00 106
    2020-04-01 $396,950 (7.9%) $431,752 (5.7%) 0.00 106
    2020-05-01 $409,500 (7.8%) $432,908 (-0.3%) 0.00 112
    2020-06-01 $427,748 (11.1%) $452,695 (4.6%) 0.00 99
    2020-07-01 $432,493 (10.2%) $511,614 (11.8%) 0.00 100
    2020-08-01 $449,990 (17.5%) $543,315 (22.7%) 0.00 94
    2020-09-01 $419,225 (12.4%) $535,205 (26.9%) 0.00 87
    2020-10-01 $395,000 (5.7%) $504,531 (22.0%) 0.00 70
    2020-11-01 $399,300 (5.1%) $596,320 (42.5%) 0.00 59
    2020-12-01 $416,945 (5.2%) $599,310 (32.5%) 0.00 53
    2021-01-01 $426,995 (7.5%) $572,222 (27.0%) 0.00 44
    2021-02-01 $454,725 (18.9%) $639,945 (47.8%) 0.00 40
    2021-03-01 $449,675 (7.1%) $636,590 (43.0%) 0.00 36
    2021-04-01 $445,750 (12.3%) $620,992 (43.8%) 0.00 46
    2021-05-01 $422,000 (3.1%) $698,343 (61.3%) 0.00 13
    2021-06-01 $443,750 (3.7%) $631,179 (39.4%) 0.00 23
    2021-07-01 $449,000 (3.8%) $624,627 (22.1%) 0.00 35
    2021-08-01 $439,250 (-2.4%) $643,406 (18.4%) 0.00 41
    2021-09-01 $459,500 (9.6%) $642,510 (20.1%) 0.00 52
    2021-10-01 $449,998 (13.9%) $677,860 (34.4%) 0.00 62
    2021-11-01 $433,750 (8.6%) $709,484 (19.0%) 0.00 48
    2021-12-01 $483,375 (15.9%) $750,412 (25.2%) 0.00 44
    2022-01-01 $499,000 (16.9%) $803,904 (40.5%) 0.00 39
    2022-02-01 $469,500 (3.3%) $776,381 (21.3%) 0.00 38
    2022-03-01 $583,450 (29.8%) $801,963 (26.0%) 0.00 35
    2022-04-01 $525,000 (17.8%) $742,340 (19.5%) 0.00 44
    2022-05-01 $570,000 (35.1%) $710,521 (1.7%) 0.00 63
    2022-06-01 $593,000 (33.6%) $684,954 (8.5%) 0.00 80
    2022-07-01 $525,000 (16.9%) $662,815 (6.1%) 0.00 91
    2022-08-01 $549,450 (25.1%) $687,091 (6.8%) 0.00 90
    2022-09-01 $544,000 (18.4%) $684,194 (6.5%) 0.00 91
    2022-10-01 $549,000 (22.0%) $668,081 (-1.4%) 0.00 101
    2022-11-01 $478,000 (10.2%) $597,433 (-15.8%) 0.00 108
    2022-12-01 $481,000 (-0.5%) $595,071 (-20.7%) 0.00 98
    2023-01-01 $502,000 (0.6%) $626,034 (-22.1%) 0.00 80
    2023-02-01 $499,000 (6.3%) $618,690 (-20.3%) 0.00 71
    2023-03-01 $505,500 (-13.4%) $625,767 (-22.0%) 0.00 76
    2023-04-01 $589,950 (12.4%) $657,609 (-11.4%) 0.00 67
    2023-05-01 $557,450 (-2.2%) $638,427 (-10.2%) 0.00 94
    2023-06-01 $540,725 (-8.8%) $642,776 (-6.2%) 0.00 89
    2023-07-01 $550,000 (4.8%) $643,506 (-2.9%) 0.00 91
    2023-08-01 $541,250 (-1.5%) $638,172 (-7.1%) 0.00 104
    2023-09-01 $562,450 (3.4%) $639,477 (-6.5%) 0.00 110
    2023-10-01 $520,000 (-5.3%) $598,961 (-10.4%) 0.00 129
    2023-11-01 $506,000 (5.9%) $585,597 (-2.0%) 0.00 130
    2023-12-01 $485,000 (0.8%) $548,772 (-7.8%) 0.00 119
    2024-01-01 $453,250 (-9.7%) $536,730 (-14.3%) 0.00 104
    2024-02-01 $484,450 (-2.9%) $557,843 (-9.8%) 0.00 111
    2024-03-01 $510,000 (0.9%) $599,847 (-4.1%) 0.00 106
    Walla Walla's median listing price for 2024-03-01 was $510,000, a difference of $4,500 (0.9%) versus the prior year and $25,550 versus the prior month.

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

    Walla Walla's average listing price for 2024-03-01 was $599,847, a difference of $-25,920 (-4.1%) versus the prior year and $42,004 versus the prior month.

    For the 2024-03-01 period, Walla Walla had 106 MLS listings, a difference of -5 listings (-5%) versus the prior month and 30 listings (39%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Walla Walla (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,042 sqft
    2018-02-01 0 days 2,102 sqft
    2018-03-01 0 days 2,180 sqft
    2018-04-01 0 days 2,191 sqft
    2018-05-01 0 days 2,249 sqft
    2018-06-01 0 days 2,254 sqft
    2018-07-01 0 days 2,210 sqft
    2018-08-01 0 days 2,205 sqft
    2018-09-01 0 days 2,187 sqft
    2018-10-01 0 days 2,151 sqft
    2018-11-01 0 days 2,164 sqft
    2018-12-01 0 days 2,185 sqft
    2019-01-01 0 days 2,160 sqft
    2019-02-01 0 days 2,173 sqft
    2019-03-01 0 days 2,271 sqft
    2019-04-01 0 days 2,345 sqft
    2019-05-01 0 days 2,368 sqft
    2019-06-01 0 days 2,396 sqft
    2019-07-01 0 days 2,505 sqft
    2019-08-01 0 days 2,432 sqft
    2019-09-01 0 days 2,327 sqft
    2019-10-01 0 days 2,263 sqft
    2019-11-01 0 days 2,327 sqft
    2019-12-01 0 days 2,373 sqft
    2020-01-01 0 days 2,399 sqft
    2020-02-01 0 days 2,376 sqft
    2020-03-01 0 days 2,359 sqft
    2020-04-01 0 days 2,311 sqft
    2020-05-01 0 days 2,290 sqft
    2020-06-01 0 days 2,392 sqft
    2020-07-01 0 days 2,492 sqft
    2020-08-01 0 days 2,442 sqft
    2020-09-01 0 days 2,443 sqft
    2020-10-01 0 days 2,164 sqft
    2020-11-01 0 days 2,236 sqft
    2020-12-01 0 days 2,209 sqft
    2021-01-01 0 days 2,308 sqft
    2021-02-01 0 days 2,568 sqft
    2021-03-01 0 days 2,463 sqft
    2021-04-01 0 days 2,444 sqft
    2021-05-01 0 days 2,439 sqft
    2021-06-01 0 days 2,470 sqft
    2021-07-01 0 days 2,180 sqft
    2021-08-01 0 days 2,182 sqft
    2021-09-01 0 days 2,222 sqft
    2021-10-01 0 days 2,220 sqft
    2021-11-01 0 days 2,252 sqft
    2021-12-01 0 days 2,283 sqft
    2022-01-01 0 days 2,228 sqft
    2022-02-01 0 days 2,269 sqft
    2022-03-01 0 days 2,297 sqft
    2022-04-01 0 days 2,198 sqft
    2022-05-01 0 days 2,192 sqft
    2022-06-01 0 days 2,249 sqft
    2022-07-01 0 days 2,140 sqft
    2022-08-01 0 days 2,212 sqft
    2022-09-01 0 days 2,280 sqft
    2022-10-01 0 days 2,169 sqft
    2022-11-01 0 days 2,045 sqft
    2022-12-01 0 days 2,037 sqft
    2023-01-01 0 days 2,029 sqft
    2023-02-01 0 days 2,061 sqft
    2023-03-01 0 days 2,082 sqft
    2023-04-01 0 days 2,206 sqft
    2023-05-01 0 days 2,184 sqft
    2023-06-01 0 days 2,256 sqft
    2023-07-01 0 days 2,200 sqft
    2023-08-01 0 days 2,230 sqft
    2023-09-01 0 days 2,259 sqft
    2023-10-01 0 days 2,203 sqft
    2023-11-01 0 days 2,225 sqft
    2023-12-01 0 days 2,205 sqft
    2024-01-01 0 days 2,205 sqft
    2024-02-01 0 days 2,221 sqft
    2024-03-01 0 days 2,280 sqft
    Walla Walla's median listing age (time on market) for 2024-03-01 was 0 days.

    Walla Walla's median square footage for active listings during the 2024-03-01 period was 2,280 sqft. One year prior, the average listing was 2,082 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.