Wenatchee VA Loan Rates, Closing Costs & Stats

WENATCHEE, 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.

    Wenatchee's 39 lenders originated 81 VA loans during 2023. The total origination value was $38,715,000, with an average VA loan value of $477,963.

    Wenatchee VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wenatchee averaged 6.94% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Wenatchee's average VA mortgage closing costs are $7,708.

    The average rate for the prior week (2024-04-12) was 6.78% and one month ago for the week of 2024-03-15, the average rate was 6.94%.

    The average rate one year ago was 6.23%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Wenatchee 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 Wenatchee level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 11 6.98% $13,099
    Mortgage Research Center, LLC 9 6.63% $6,412
    QUICKEN LOANS, LLC 7 6.21% $17,654
    GUILD MORTGAGE COMPANY 6 6.10% $15,060
    UNITED WHOLESALE MORTGAGE, LLC 4 6.12% $6,277
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.08% $19,081
    CARDINAL FINANCIAL 2 6.69% $18,969
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.81% $5,372
    CHURCHILL MORTGAGE CORPORATION 2 6.81% $5,750
    BROKER SOLUTIONS, INC. 2 6.25% $13,254
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.99% $18,956
    EVERETT FINANCIAL, INC. 2 6.56% $14,488
    Equity Prime Mortgage LLC 1 6.13% $0
    FREEDOM MORTGAGE CORPORATION 1 6.75% $17,815
    INTERNATIONAL CITY MORTGAGE, INC. 1 7.13% $4,092
    MOVEMENT MORTGAGE, LLC 1 6.25% $11,202
    NATIONS DIRECT MORTGAGE, LLC 1 6.13% $23,756
    NAVY FEDERAL CREDIT UNION 1 5.38% $1,921
    NETWORK CAPITAL FUNDING CORPORATION 1 6.88% $20,481
    NEW DAY FINANCIAL, LLC 1 6.25% $8,125
    NEWREZ LLC 1 7.25% $12,157
    NFM, INC. 1 6.13% $17,688
    PENNYMAC LOAN SERVICES, LLC 1 6.50% $7,698
    Peoples Bank 1 5.38% $10,070
    Umpqua Bank 1 6.50% $8,690
    U.S. Bank 1 5.63% $15,563
    Alaska USA Federal Credit Union 1 6.13% $4,030
    VERITAS FUNDING, LLC 1 6.63% $16,158
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $23,002
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $2,939
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $35,741
    Banner Bank 1 5.25% $8,135
    CANOPY MORTGAGE, LLC 1 7.13% $8,321
    CMG MORTGAGE, INC. 1 6.75% $16,991
    Community First National Bank 1 7.25% $7,456
    CORNERSTONE HOME LENDING, INC. 1 6.25% $16,975
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $13,310
    DAS Acquisition Company, LLC 1 7.63% $7,321
    DIRECTORS MORTGAGE, INC. 1 5.88% $23,159

    The top Wenatchee VA lender as defined by loan originations is EVERGREEN MONEYSOURCE MORTGAGE COMPANY, with 11 VA loans originated. Their average total fees are $13,099, which is $6,687 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Wenatchee VA lenders (with over 10 loans originated) are EVERGREEN MONEYSOURCE MORTGAGE COMPANY ($13,099), .

    The lowest rate Wenatchee VA lenders (with over 10 loans originated) are EVERGREEN MONEYSOURCE MORTGAGE COMPANY (6.98%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wenatchee (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 $398,000 (14.9%) $493,503 (-0.3%) 0.00 328
    2018-02-01 $401,950 (15.6%) $506,773 (3.9%) 0.00 317
    2018-03-01 $424,900 (21.4%) $539,631 (9.2%) 0.00 311
    2018-04-01 $424,900 (17.3%) $543,699 (9.6%) 0.00 329
    2018-05-01 $408,725 (4.3%) $536,501 (4.6%) 0.00 407
    2018-06-01 $429,000 (7.3%) $557,494 (6.0%) 0.00 449
    2018-07-01 $432,923 (8.3%) $544,393 (3.6%) 0.00 526
    2018-08-01 $429,450 (7.8%) $543,259 (4.8%) 0.00 552
    2018-09-01 $429,900 (7.5%) $554,610 (6.0%) 0.00 575
    2018-10-01 $421,950 (5.6%) $557,205 (6.6%) 0.00 551
    2018-11-01 $399,225 (0.1%) $542,926 (7.5%) 0.00 497
    2018-12-01 $380,000 (-2.3%) $527,028 (5.6%) 0.00 434
    2019-01-01 $382,925 (-3.8%) $528,686 (7.1%) 0.00 384
    2019-02-01 $389,950 (-3.0%) $528,126 (4.2%) 0.00 371
    2019-03-01 $397,286 (-6.5%) $542,437 (0.5%) 0.00 361
    2019-04-01 $397,511 (-6.5%) $548,269 (0.8%) 0.00 358
    2019-05-01 $433,950 (6.2%) $585,439 (9.1%) 0.00 425
    2019-06-01 $439,000 (2.3%) $588,046 (5.5%) 0.00 481
    2019-07-01 $448,475 (3.6%) $577,540 (6.1%) 0.00 516
    2019-08-01 $441,727 (2.9%) $571,452 (5.2%) 0.00 535
    2019-09-01 $445,818 (3.7%) $566,579 (2.2%) 0.00 530
    2019-10-01 $443,545 (5.1%) $563,403 (1.1%) 0.00 520
    2019-11-01 $445,000 (11.5%) $574,092 (5.7%) 0.00 465
    2019-12-01 $439,900 (15.8%) $570,482 (8.3%) 0.00 397
    2020-01-01 $458,450 (19.7%) $571,994 (8.2%) 0.00 323
    2020-02-01 $464,950 (19.2%) $580,626 (9.9%) 0.00 299
    2020-03-01 $461,950 (16.3%) $573,460 (5.7%) 0.00 342
    2020-04-01 $445,000 (12.0%) $563,218 (2.7%) 0.00 347
    2020-05-01 $463,900 (6.9%) $578,479 (-1.2%) 0.00 382
    2020-06-01 $467,400 (6.5%) $580,591 (-1.3%) 0.00 360
    2020-07-01 $459,200 (2.4%) $572,078 (-1.0%) 0.00 331
    2020-08-01 $479,500 (8.6%) $602,346 (5.4%) 0.00 290
    2020-09-01 $456,725 (2.5%) $580,242 (2.4%) 0.00 282
    2020-10-01 $459,000 (3.5%) $584,322 (3.7%) 0.00 259
    2020-11-01 $437,248 (-1.7%) $557,521 (-2.9%) 0.00 218
    2020-12-01 $426,675 (-3.0%) $555,073 (-2.7%) 0.00 163
    2021-01-01 $425,000 (-7.3%) $557,866 (-2.5%) 0.00 139
    2021-02-01 $422,500 (-9.1%) $624,411 (7.5%) 0.00 115
    2021-03-01 $437,075 (-5.4%) $646,206 (12.7%) 0.00 122
    2021-04-01 $441,625 (-0.8%) $635,543 (12.8%) 0.00 123
    2021-05-01 $469,900 (1.3%) $702,228 (21.4%) 0.00 138
    2021-06-01 $592,175 (26.7%) $787,708 (35.7%) 0.00 161
    2021-07-01 $579,900 (26.3%) $812,709 (42.1%) 0.00 192
    2021-08-01 $579,950 (21.0%) $805,967 (33.8%) 0.00 225
    2021-09-01 $569,450 (24.7%) $805,782 (38.9%) 0.00 248
    2021-10-01 $587,000 (27.9%) $813,908 (39.3%) 0.00 262
    2021-11-01 $580,725 (32.8%) $837,961 (50.3%) 0.00 237
    2021-12-01 $589,500 (38.2%) $892,890 (60.9%) 0.00 192
    2022-01-01 $599,000 (40.9%) $867,031 (55.4%) 0.00 153
    2022-02-01 $652,450 (54.4%) $882,556 (41.3%) 0.00 95
    2022-03-01 $661,000 (51.2%) $867,996 (34.3%) 0.00 122
    2022-04-01 $679,900 (54.0%) $867,459 (36.5%) 0.00 145
    2022-05-01 $701,000 (49.2%) $909,999 (29.6%) 0.00 211
    2022-06-01 $699,000 (18.0%) $888,430 (12.8%) 0.00 262
    2022-07-01 $684,000 (18.0%) $855,762 (5.3%) 0.00 323
    2022-08-01 $677,450 (16.8%) $855,484 (6.1%) 0.00 363
    2022-09-01 $661,998 (16.3%) $849,859 (5.5%) 0.00 357
    2022-10-01 $642,000 (9.4%) $804,464 (-1.2%) 0.00 342
    2022-11-01 $615,000 (5.9%) $787,320 (-6.0%) 0.00 320
    2022-12-01 $627,500 (6.5%) $796,002 (-10.9%) 0.00 250
    2023-01-01 $667,248 (11.4%) $846,300 (-2.4%) 0.00 221
    2023-02-01 $674,998 (3.5%) $880,901 (-0.2%) 0.00 204
    2023-03-01 $660,945 (0.0%) $849,939 (-2.1%) 0.00 222
    2023-04-01 $649,000 (-4.5%) $810,354 (-6.6%) 0.00 238
    2023-05-01 $652,000 (-7.0%) $828,286 (-9.0%) 0.00 236
    2023-06-01 $654,700 (-6.3%) $867,397 (-2.4%) 0.00 284
    2023-07-01 $679,495 (-0.7%) $910,939 (6.5%) 0.00 318
    2023-08-01 $695,995 (2.7%) $908,661 (6.2%) 0.00 346
    2023-09-01 $679,990 (2.7%) $888,170 (4.5%) 0.00 350
    2023-10-01 $665,950 (3.7%) $866,932 (7.8%) 0.00 345
    2023-11-01 $649,475 (5.6%) $850,309 (8.0%) 0.00 310
    2023-12-01 $644,450 (2.7%) $830,034 (4.3%) 0.00 285
    2024-01-01 $646,700 (-3.1%) $828,883 (-2.1%) 0.00 219
    2024-02-01 $641,100 (-5.0%) $810,556 (-8.0%) 0.00 188
    2024-03-01 $699,000 (5.8%) $859,432 (1.1%) 0.00 230
    Wenatchee's median listing price for 2024-03-01 was $699,000, a difference of $38,055 (5.8%) versus the prior year and $57,900 versus the prior month.

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

    Wenatchee's average listing price for 2024-03-01 was $859,432, a difference of $9,493 (1.1%) versus the prior year and $48,876 versus the prior month.

    For the 2024-03-01 period, Wenatchee had 230 MLS listings, a difference of 42 listings (22%) versus the prior month and 8 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wenatchee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,024 sqft
    2018-02-01 0 days 2,019 sqft
    2018-03-01 0 days 2,000 sqft
    2018-04-01 0 days 1,938 sqft
    2018-05-01 0 days 1,953 sqft
    2018-06-01 0 days 2,016 sqft
    2018-07-01 0 days 1,998 sqft
    2018-08-01 0 days 1,986 sqft
    2018-09-01 0 days 1,986 sqft
    2018-10-01 0 days 1,990 sqft
    2018-11-01 0 days 1,950 sqft
    2018-12-01 0 days 1,900 sqft
    2019-01-01 0 days 1,879 sqft
    2019-02-01 0 days 1,855 sqft
    2019-03-01 0 days 1,902 sqft
    2019-04-01 0 days 1,983 sqft
    2019-05-01 0 days 2,004 sqft
    2019-06-01 0 days 2,016 sqft
    2019-07-01 0 days 2,105 sqft
    2019-08-01 0 days 2,048 sqft
    2019-09-01 0 days 1,981 sqft
    2019-10-01 0 days 1,915 sqft
    2019-11-01 0 days 1,901 sqft
    2019-12-01 0 days 1,825 sqft
    2020-01-01 0 days 1,815 sqft
    2020-02-01 0 days 1,824 sqft
    2020-03-01 0 days 1,827 sqft
    2020-04-01 0 days 1,884 sqft
    2020-05-01 0 days 1,841 sqft
    2020-06-01 0 days 1,919 sqft
    2020-07-01 0 days 2,038 sqft
    2020-08-01 0 days 2,100 sqft
    2020-09-01 0 days 2,089 sqft
    2020-10-01 0 days 2,045 sqft
    2020-11-01 0 days 1,920 sqft
    2020-12-01 0 days 1,848 sqft
    2021-01-01 0 days 1,874 sqft
    2021-02-01 0 days 1,904 sqft
    2021-03-01 0 days 1,899 sqft
    2021-04-01 0 days 1,890 sqft
    2021-05-01 0 days 1,980 sqft
    2021-06-01 0 days 2,004 sqft
    2021-07-01 0 days 2,021 sqft
    2021-08-01 0 days 2,080 sqft
    2021-09-01 0 days 2,096 sqft
    2021-10-01 0 days 2,150 sqft
    2021-11-01 0 days 2,123 sqft
    2021-12-01 0 days 2,180 sqft
    2022-01-01 0 days 2,178 sqft
    2022-02-01 0 days 2,003 sqft
    2022-03-01 0 days 2,099 sqft
    2022-04-01 0 days 2,078 sqft
    2022-05-01 0 days 2,129 sqft
    2022-06-01 0 days 2,021 sqft
    2022-07-01 0 days 2,000 sqft
    2022-08-01 0 days 2,023 sqft
    2022-09-01 0 days 2,009 sqft
    2022-10-01 0 days 1,982 sqft
    2022-11-01 0 days 1,952 sqft
    2022-12-01 0 days 2,000 sqft
    2023-01-01 0 days 2,182 sqft
    2023-02-01 0 days 2,268 sqft
    2023-03-01 0 days 2,180 sqft
    2023-04-01 0 days 2,081 sqft
    2023-05-01 0 days 1,996 sqft
    2023-06-01 0 days 2,107 sqft
    2023-07-01 0 days 2,080 sqft
    2023-08-01 0 days 2,166 sqft
    2023-09-01 0 days 2,144 sqft
    2023-10-01 0 days 2,099 sqft
    2023-11-01 0 days 2,005 sqft
    2023-12-01 0 days 2,001 sqft
    2024-01-01 0 days 1,986 sqft
    2024-02-01 0 days 1,993 sqft
    2024-03-01 0 days 2,020 sqft
    Wenatchee's median listing age (time on market) for 2024-03-01 was 0 days.

    Wenatchee's median square footage for active listings during the 2024-03-01 period was 2,020 sqft. One year prior, the average listing was 2,180 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.