Washington VA Loan Rates, Closing Costs & Stats
Washington, IN
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.
Washington's 13 lenders originated 25 VA loans during 2023. The total origination value was $6,255,000, with an average VA loan value of $250,200.
Washington VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Washington
averaged
6.43%
for the week of 2024-12-13, compared to the national average (all VA variants) of
6.077% for the same period.
Washington's average VA mortgage closing costs are $4,730.
The average rate for the prior week (2024-12-06) was
6.77% and
one month ago for the week of 2024-11-08, the
average rate was 6.76%.
The average rate one year ago was 7.21%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.08%.
Washington 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 Washington level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 7 | 7.00% | $6,499 |
| UNITED WHOLESALE MORTGAGE, LLC | 3 | 6.54% | $8,579 |
| USAA Federal Savings Bank | 3 | 7.29% | $4,925 |
| NAVY FEDERAL CREDIT UNION | 2 | 6.25% | $1,098 |
| German American Bank | 1 | 6.13% | $8,982 |
| 1ST SIGNATURE LENDING, LLC | 1 | 7.63% | $14,744 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 5.25% | $6,523 |
| PLAZA HOME MORTGAGE, INC. | 1 | 6.25% | $3,839 |
| QUICKEN LOANS, LLC | 1 | 5.99% | $5,378 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 7.00% | $3,332 |
| Barrington Bank & Trust Company, N.A. | 1 | 6.50% | $10,984 |
| Equity Prime Mortgage LLC | 1 | 7.75% | $8,491 |
| FREEDOM MORTGAGE CORPORATION | 1 | 7.25% | $10,995 |
The top Washington VA lender as defined by loan originations is Mortgage Research Center, LLC, with
7 VA loans originated. Their average total fees are
$6,499, which is $2,081
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Washington VA lenders (with over 10 loans originated) are
.
The lowest rate Washington VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Washington (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 | $139,450 (32.3%) | $172,068 (32.2%) | 0.00 | 72 |
| 2018-02-01 | $139,450 (36.5%) | $170,614 (31.6%) | 0.00 | 75 |
| 2018-03-01 | $144,900 (36.9%) | $177,701 (30.5%) | 0.00 | 74 |
| 2018-04-01 | $148,500 (41.6%) | $172,929 (29.5%) | 0.00 | 80 |
| 2018-05-01 | $149,900 (36.3%) | $180,759 (37.5%) | 0.00 | 80 |
| 2018-06-01 | $144,700 (25.4%) | $174,201 (35.5%) | 0.00 | 81 |
| 2018-07-01 | $142,650 (14.2%) | $177,567 (24.4%) | 0.00 | 77 |
| 2018-08-01 | $147,500 (21.1%) | $185,360 (31.2%) | 0.00 | 77 |
| 2018-09-01 | $150,800 (20.7%) | $187,684 (29.0%) | 0.00 | 78 |
| 2018-10-01 | $157,000 (22.2%) | $179,773 (11.5%) | 0.00 | 81 |
| 2018-11-01 | $161,150 (19.4%) | $184,612 (10.1%) | 0.00 | 75 |
| 2018-12-01 | $154,900 (11.4%) | $193,839 (17.0%) | 0.00 | 70 |
| 2019-01-01 | $149,225 (7.0%) | $188,646 (9.6%) | 0.00 | 69 |
| 2019-02-01 | $146,475 (5.0%) | $186,899 (9.5%) | 0.00 | 59 |
| 2019-03-01 | $155,257 (7.2%) | $198,935 (12.0%) | 0.00 | 53 |
| 2019-04-01 | $163,782 (10.3%) | $205,876 (19.1%) | 0.00 | 51 |
| 2019-05-01 | $142,475 (-5.0%) | $183,565 (1.6%) | 0.00 | 55 |
| 2019-06-01 | $145,000 (0.2%) | $171,557 (-1.5%) | 0.00 | 62 |
| 2019-07-01 | $148,900 (4.4%) | $163,665 (-7.8%) | 0.00 | 61 |
| 2019-08-01 | $144,223 (-2.2%) | $164,431 (-11.3%) | 0.00 | 60 |
| 2019-09-01 | $141,707 (-6.0%) | $168,154 (-10.4%) | 0.00 | 60 |
| 2019-10-01 | $139,625 (-11.1%) | $174,562 (-2.9%) | 0.00 | 62 |
| 2019-11-01 | $122,200 (-24.2%) | $179,370 (-2.8%) | 0.00 | 60 |
| 2019-12-01 | $129,900 (-16.1%) | $181,404 (-6.4%) | 0.00 | 56 |
| 2020-01-01 | $124,925 (-16.3%) | $180,582 (-4.3%) | 0.00 | 56 |
| 2020-02-01 | $129,450 (-11.6%) | $185,626 (-0.7%) | 0.00 | 52 |
| 2020-03-01 | $165,750 (6.8%) | $224,736 (13.0%) | 0.00 | 51 |
| 2020-04-01 | $179,900 (9.8%) | $230,045 (11.7%) | 0.00 | 49 |
| 2020-05-01 | $168,000 (17.9%) | $223,731 (21.9%) | 0.00 | 45 |
| 2020-06-01 | $157,475 (8.6%) | $235,176 (37.1%) | 0.00 | 39 |
| 2020-07-01 | $161,300 (8.3%) | $256,598 (56.8%) | 0.00 | 36 |
| 2020-08-01 | $162,500 (12.7%) | $237,964 (44.7%) | 0.00 | 43 |
| 2020-09-01 | $163,400 (15.3%) | $220,762 (31.3%) | 0.00 | 43 |
| 2020-10-01 | $179,900 (28.9%) | $213,507 (22.3%) | 0.00 | 51 |
| 2020-11-01 | $189,500 (55.1%) | $216,047 (20.5%) | 0.00 | 48 |
| 2020-12-01 | $168,650 (29.8%) | $204,968 (13.0%) | 0.00 | 42 |
| 2021-01-01 | $179,900 (44.0%) | $206,685 (14.5%) | 0.00 | 36 |
| 2021-02-01 | $168,725 (30.3%) | $212,241 (14.3%) | 0.00 | 37 |
| 2021-03-01 | $148,250 (-10.6%) | $197,397 (-12.2%) | 0.00 | 33 |
| 2021-04-01 | $143,575 (-20.2%) | $200,452 (-12.9%) | 0.00 | 23 |
| 2021-05-01 | $145,900 (-13.2%) | $212,165 (-5.2%) | 0.00 | 18 |
| 2021-06-01 | $179,900 (14.2%) | $224,654 (-4.5%) | 0.00 | 26 |
| 2021-07-01 | $183,700 (13.9%) | $230,573 (-10.1%) | 0.00 | 30 |
| 2021-08-01 | $169,900 (4.6%) | $221,869 (-6.8%) | 0.00 | 42 |
| 2021-09-01 | $163,700 (0.2%) | $247,319 (12.0%) | 0.00 | 41 |
| 2021-10-01 | $191,100 (6.2%) | $260,153 (21.9%) | 0.00 | 36 |
| 2021-11-01 | $198,825 (4.9%) | $251,834 (16.6%) | 0.00 | 41 |
| 2021-12-01 | $199,000 (18.0%) | $249,145 (21.6%) | 0.00 | 45 |
| 2022-01-01 | $174,900 (-2.8%) | $240,815 (16.5%) | 0.00 | 40 |
| 2022-02-01 | $167,450 (-0.8%) | $208,926 (-1.6%) | 0.00 | 33 |
| 2022-03-01 | $166,200 (12.1%) | $222,321 (12.6%) | 0.00 | 31 |
| 2022-04-01 | $184,900 (28.8%) | $221,789 (10.6%) | 0.00 | 34 |
| 2022-05-01 | $191,825 (31.5%) | $237,978 (12.2%) | 0.00 | 34 |
| 2022-06-01 | $169,900 (-5.6%) | $213,482 (-5.0%) | 0.00 | 38 |
| 2022-07-01 | $169,900 (-7.5%) | $217,643 (-5.6%) | 0.00 | 37 |
| 2022-08-01 | $181,000 (6.5%) | $233,122 (5.1%) | 0.00 | 37 |
| 2022-09-01 | $208,725 (27.5%) | $247,746 (0.2%) | 0.00 | 29 |
| 2022-10-01 | $239,900 (25.5%) | $260,131 (0.0%) | 0.00 | 34 |
| 2022-11-01 | $239,900 (20.7%) | $247,653 (-1.7%) | 0.00 | 36 |
| 2022-12-01 | $227,900 (14.5%) | $246,109 (-1.2%) | 0.00 | 35 |
| 2023-01-01 | $238,650 (36.5%) | $269,823 (12.1%) | 0.00 | 33 |
| 2023-02-01 | $239,900 (43.3%) | $271,056 (29.7%) | 0.00 | 31 |
| 2023-03-01 | $233,550 (40.5%) | $266,734 (20.0%) | 0.00 | 31 |
| 2023-04-01 | $229,000 (23.9%) | $270,412 (21.9%) | 0.00 | 32 |
| 2023-05-01 | $229,000 (19.4%) | $255,692 (7.4%) | 0.00 | 35 |
| 2023-06-01 | $227,875 (34.1%) | $258,444 (21.1%) | 0.00 | 38 |
| 2023-07-01 | $231,950 (36.5%) | $256,363 (17.8%) | 0.00 | 41 |
| 2023-08-01 | $232,400 (28.4%) | $250,647 (7.5%) | 0.00 | 39 |
| 2023-09-01 | $234,900 (12.5%) | $256,796 (3.7%) | 0.00 | 38 |
| 2023-10-01 | $222,650 (-7.2%) | $237,903 (-8.6%) | 0.00 | 44 |
| 2023-11-01 | $229,900 (-4.2%) | $244,445 (-1.3%) | 0.00 | 43 |
| 2023-12-01 | $227,450 (-0.2%) | $238,782 (-3.0%) | 0.00 | 45 |
| 2024-01-01 | $236,050 (-1.1%) | $235,407 (-12.8%) | 0.00 | 45 |
| 2024-02-01 | $242,400 (1.0%) | $243,722 (-10.1%) | 0.00 | 47 |
| 2024-03-01 | $244,900 (4.9%) | $257,457 (-3.5%) | 0.00 | 47 |
| 2024-04-01 | $249,900 (9.1%) | $282,738 (4.6%) | 0.00 | 43 |
| 2024-05-01 | $250,000 (9.2%) | $288,631 (12.9%) | 0.00 | 56 |
| 2024-06-01 | $249,950 (9.7%) | $262,440 (1.6%) | 0.00 | 50 |
| 2024-07-01 | $237,425 (2.4%) | $264,979 (3.4%) | 0.00 | 58 |
| 2024-08-01 | $232,500 (0.0%) | $262,962 (4.9%) | 0.00 | 63 |
| 2024-09-01 | $229,950 (-2.1%) | $260,149 (1.3%) | 0.00 | 59 |
| 2024-10-01 | $234,450 (5.3%) | $246,061 (3.4%) | 0.00 | 60 |
| 2024-11-01 | $229,000 (-0.4%) | $240,342 (-1.7%) | 0.00 | 60 |
Washington's median listing price comes in at 0% of the national average.
Washington's average listing price for 2024-11-01 was $240,342, a difference of $-4,103 (-1.7%) versus the prior year and $-5,719 versus the prior month.
For the 2024-11-01 period, Washington had 60 MLS listings, a difference of 0 listings (0%) versus the prior month and 17 listings (40%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Washington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,659 sqft |
| 2018-02-01 | 0 days | 1,652 sqft |
| 2018-03-01 | 0 days | 1,726 sqft |
| 2018-04-01 | 0 days | 1,799 sqft |
| 2018-05-01 | 0 days | 1,833 sqft |
| 2018-06-01 | 0 days | 1,780 sqft |
| 2018-07-01 | 0 days | 1,790 sqft |
| 2018-08-01 | 0 days | 1,798 sqft |
| 2018-09-01 | 0 days | 1,805 sqft |
| 2018-10-01 | 0 days | 1,800 sqft |
| 2018-11-01 | 0 days | 1,800 sqft |
| 2018-12-01 | 0 days | 1,886 sqft |
| 2019-01-01 | 0 days | 1,874 sqft |
| 2019-02-01 | 0 days | 1,821 sqft |
| 2019-03-01 | 0 days | 1,871 sqft |
| 2019-04-01 | 0 days | 1,896 sqft |
| 2019-05-01 | 0 days | 1,800 sqft |
| 2019-06-01 | 0 days | 1,665 sqft |
| 2019-07-01 | 0 days | 1,708 sqft |
| 2019-08-01 | 0 days | 1,717 sqft |
| 2019-09-01 | 0 days | 1,718 sqft |
| 2019-10-01 | 0 days | 1,718 sqft |
| 2019-11-01 | 0 days | 1,665 sqft |
| 2019-12-01 | 0 days | 1,683 sqft |
| 2020-01-01 | 0 days | 1,740 sqft |
| 2020-02-01 | 0 days | 1,779 sqft |
| 2020-03-01 | 0 days | 1,916 sqft |
| 2020-04-01 | 0 days | 1,943 sqft |
| 2020-05-01 | 0 days | 1,884 sqft |
| 2020-06-01 | 0 days | 1,773 sqft |
| 2020-07-01 | 0 days | 1,836 sqft |
| 2020-08-01 | 0 days | 1,857 sqft |
| 2020-09-01 | 0 days | 1,769 sqft |
| 2020-10-01 | 0 days | 1,743 sqft |
| 2020-11-01 | 0 days | 1,764 sqft |
| 2020-12-01 | 0 days | 1,681 sqft |
| 2021-01-01 | 0 days | 1,711 sqft |
| 2021-02-01 | 0 days | 1,656 sqft |
| 2021-03-01 | 0 days | 1,760 sqft |
| 2021-04-01 | 0 days | 1,750 sqft |
| 2021-05-01 | 0 days | 1,706 sqft |
| 2021-06-01 | 0 days | 1,753 sqft |
| 2021-07-01 | 0 days | 1,840 sqft |
| 2021-08-01 | 0 days | 1,663 sqft |
| 2021-09-01 | 0 days | 1,688 sqft |
| 2021-10-01 | 0 days | 1,864 sqft |
| 2021-11-01 | 0 days | 1,741 sqft |
| 2021-12-01 | 0 days | 1,711 sqft |
| 2022-01-01 | 0 days | 1,665 sqft |
| 2022-02-01 | 0 days | 1,715 sqft |
| 2022-03-01 | 0 days | 1,676 sqft |
| 2022-04-01 | 0 days | 1,727 sqft |
| 2022-05-01 | 0 days | 1,727 sqft |
| 2022-06-01 | 0 days | 1,332 sqft |
| 2022-07-01 | 0 days | 1,313 sqft |
| 2022-08-01 | 0 days | 1,560 sqft |
| 2022-09-01 | 0 days | 1,715 sqft |
| 2022-10-01 | 0 days | 1,903 sqft |
| 2022-11-01 | 0 days | 1,909 sqft |
| 2022-12-01 | 0 days | 1,844 sqft |
| 2023-01-01 | 0 days | 1,935 sqft |
| 2023-02-01 | 0 days | 1,846 sqft |
| 2023-03-01 | 0 days | 1,855 sqft |
| 2023-04-01 | 0 days | 1,767 sqft |
| 2023-05-01 | 0 days | 1,654 sqft |
| 2023-06-01 | 0 days | 1,704 sqft |
| 2023-07-01 | 0 days | 1,708 sqft |
| 2023-08-01 | 0 days | 1,652 sqft |
| 2023-09-01 | 0 days | 1,569 sqft |
| 2023-10-01 | 0 days | 1,458 sqft |
| 2023-11-01 | 0 days | 1,473 sqft |
| 2023-12-01 | 0 days | 1,470 sqft |
| 2024-01-01 | 0 days | 1,548 sqft |
| 2024-02-01 | 0 days | 1,595 sqft |
| 2024-03-01 | 0 days | 1,650 sqft |
| 2024-04-01 | 0 days | 1,588 sqft |
| 2024-05-01 | 0 days | 1,791 sqft |
| 2024-06-01 | 0 days | 1,673 sqft |
| 2024-07-01 | 0 days | 1,734 sqft |
| 2024-08-01 | 0 days | 1,734 sqft |
| 2024-09-01 | 0 days | 1,751 sqft |
| 2024-10-01 | 0 days | 1,682 sqft |
| 2024-11-01 | 0 days | 1,722 sqft |
Washington's median square footage for active listings during the 2024-11-01 period was 1,722 sqft. One year prior, the average listing was 1,473 sqft.