Wenatchee VA Loans

WENATCHEE, 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.

Wenatchee's 71 lenders originated 372 VA loans during 2021. The total origination value was $135,910,000, with an average VA loan value of $365,349.

Wenatchee VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Wenatchee averaged 5.35% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.46% and one month ago for the week of 2022-04-15, the average rate was 5.32%.

The average rate one year ago was 3.02%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.11%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Wenatchee level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CALIBER HOME LOANS, INC. 35 2.73% $7,831
GUILD MORTGAGE COMPANY 30 2.57% $5,527
FREEDOM MORTGAGE CORPORATION 29 2.45% $2,878
Mortgage Research Center, LLC 27 2.79% $5,305
QUICKEN LOANS, LLC 26 2.47% $8,355
UNITED WHOLESALE MORTGAGE, LLC 16 2.43% $9,256
PENNYMAC LOAN SERVICES, LLC 12 2.34% $7,297
Banner Bank 9 2.38% $8,699
NEW DAY FINANCIAL, LLC 9 2.62% $7,404
FINANCE OF AMERICA MORTGAGE LLC 8 2.77% $7,336
Mr. Cooper ( Nationstar Mortgage ) 8 2.61% $4,143
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 2.79% $11,139
The Federal Savings Bank 6 2.77% $8,070
BROKER SOLUTIONS, INC. 6 2.71% $5,373
LOANDEPOT.COM, LLC 6 2.71% $7,738
NAVY FEDERAL CREDIT UNION 6 2.67% $2,069
LAKEVIEW LOAN SERVICING, LLC 5 2.48% $2,226
USAA Federal Savings Bank 5 2.90% $4,731
NEWREZ LLC 4 2.78% $5,254
VILLAGE CAPITAL & INVESTMENT LLC 4 2.63% $4,693
Wells Fargo Bank 4 2.72% $6,265
HOME POINT FINANCIAL CORPORATION 3 2.63% $9,463
North American Savings Bank, F.S.B. 3 2.42% $1,361
Umpqua Bank 3 2.63% $3,084
CELEBRITY HOME LOANS, LLC 3 2.79% $5,462
BAY EQUITY LLC 3 2.71% $17,932
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.58% $12,820
PENRITH HOME LOANS LLC 2 2.94% $11,172
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 3.50% $7,956
Washington Trust Bank 2 2.75% $3,151
NUMERICA CREDIT UNION 2 2.81% $9,396
CROSSCOUNTRY MORTGAGE, LLC 2 2.94% $7,148
DAS Acquisition Company, LLC 2 3.25% $12,681
BNC National Bank 2 2.25% $2,213
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.06% $9,146
Nations Lending Corporation 2 2.94% $17,461
Strong Home Mortgage, LLC 2 2.25% $9,746
GUARANTEED RATE, INC. 2 2.69% $19,554
Wheatland Bank 1 3.63% $5,143
ACADEMY MORTGAGE CORPORATION 1 2.25% $20,590
AMERICAN FINANCIAL NETWORK, INC. 1 2.25% $7,705
AMERISAVE MORTGAGE CORPORATION 1 2.75% $653
BELEM SERVICING LLC 1 2.00% $5,510
Carrington Mortgage Services, LLC 1 2.50% $4,713
CHERRY CREEK MORTGAGE, LLC 1 2.50% $923
CHURCHILL MORTGAGE CORPORATION 1 2.63% $3,793
Commerce Home Mortgage, Inc. 1 2.25% $6,732
Flagstar Bank, FSB 1 2.75% $24,039
GSF Mortgage Corporation 1 3.38% $1,289
HomeStreet Bank 1 2.25% $2,482
InterContinental Capital Group, Inc 1 3.63% $2,136
LENDUS, LLC 1 2.25% $1,682
Magnolia Bank 1 2.75% $6,920
Meridian Bank Corporation 1 2.25% $4,401
NBH Bank 1 2.25% $1,769
NETWORK CAPITAL FUNDING CORPORATION 1 2.25% $4,565
NP, Inc. 1 2.38% $4,439
Opportunity Bank of Montana 1 2.25% $1,126
Paramount Residential Mortgage Group, Inc. 1 3.13% $3,537
Peoples Bank 1 2.63% $8,977
PLANET HOME LENDING, LLC 1 2.25% $4,144
PLAZA HOME MORTGAGE, INC. 1 2.25% $3,510
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.38% $3,476
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.13% $19,970
SOUND 1 2.25% $2,379
STEARNS LENDING, LLC 1 2.25% $2,396
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $5,159
TOP FLITE FINANCIAL, INC. 1 2.75% $26,792
Victorian Finance, LLC 1 3.00% $9,177
WESTWOOD MORTGAGE, INC. 1 2.75% $5,304
1st Security Bank of Washington 1 3.00% $3,912

The top Wenatchee VA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 35 VA loans originated. Their average total fees are $7,831, which is $2,304 higher than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Wenatchee VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,878), Mortgage Research Center, LLC ($5,305), GUILD MORTGAGE COMPANY ($5,527), PENNYMAC LOAN SERVICES, LLC ($7,297) and CALIBER HOME LOANS, INC. ($7,831).

The lowest rate Wenatchee VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.34%), UNITED WHOLESALE MORTGAGE, LLC (2.43%), FREEDOM MORTGAGE CORPORATION (2.45%), QUICKEN LOANS, LLC (2.47%) and GUILD MORTGAGE COMPANY (2.57%).


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 $399,450 (15.3%) $495,382 (-0.4%) 0.00 363
2018-02-01 $401,950 (15.9%) $509,692 (4.5%) 0.00 358
2018-03-01 $419,000 (16.6%) $536,836 (8.2%) 0.00 352
2018-04-01 $427,000 (17.0%) $546,654 (9.6%) 0.00 367
2018-05-01 $419,900 (7.0%) $542,601 (5.4%) 0.00 458
2018-06-01 $449,000 (12.3%) $571,288 (7.4%) 0.00 520
2018-07-01 $446,500 (11.7%) $557,332 (4.6%) 0.00 618
2018-08-01 $442,200 (10.8%) $555,524 (6.7%) 0.00 642
2018-09-01 $449,000 (12.3%) $562,412 (7.5%) 0.00 675
2018-10-01 $434,000 (8.8%) $563,681 (7.1%) 0.00 649
2018-11-01 $402,900 (2.0%) $544,507 (7.1%) 0.00 582
2018-12-01 $389,890 (0.2%) $529,739 (7.0%) 0.00 491
2019-01-01 $384,950 (-3.6%) $530,097 (7.0%) 0.00 435
2019-02-01 $391,975 (-2.5%) $535,255 (5.0%) 0.00 426
2019-03-01 $399,900 (-4.6%) $553,121 (3.0%) 0.00 405
2019-04-01 $409,900 (-4.0%) $563,671 (3.1%) 0.00 403
2019-05-01 $436,500 (4.0%) $597,210 (10.1%) 0.00 477
2019-06-01 $444,000 (-1.1%) $598,232 (4.7%) 0.00 549
2019-07-01 $444,450 (-0.5%) $581,005 (4.3%) 0.00 590
2019-08-01 $441,407 (-0.2%) $580,553 (4.5%) 0.00 601
2019-09-01 $448,882 (0.0%) $578,103 (2.8%) 0.00 596
2019-10-01 $434,500 (0.1%) $558,552 (-0.9%) 0.00 603
2019-11-01 $435,000 (8.0%) $569,092 (4.5%) 0.00 549
2019-12-01 $439,900 (12.8%) $568,975 (7.4%) 0.00 470
2020-01-01 $453,950 (17.9%) $572,090 (7.9%) 0.00 383
2020-02-01 $465,000 (18.6%) $575,649 (7.6%) 0.00 353
2020-03-01 $457,000 (14.3%) $563,643 (1.9%) 0.00 405
2020-04-01 $434,700 (6.1%) $543,010 (-3.7%) 0.00 414
2020-05-01 $464,000 (6.3%) $563,406 (-5.7%) 0.00 463
2020-06-01 $447,500 (0.8%) $550,511 (-8.0%) 0.00 438
2020-07-01 $447,900 (0.8%) $551,064 (-5.2%) 0.00 382
2020-08-01 $464,900 (5.3%) $579,560 (-0.2%) 0.00 325
2020-09-01 $452,000 (0.7%) $567,458 (-1.8%) 0.00 323
2020-10-01 $449,900 (3.5%) $560,475 (0.3%) 0.00 310
2020-11-01 $413,950 (-4.8%) $530,893 (-6.7%) 0.00 257
2020-12-01 $417,450 (-5.1%) $535,876 (-5.8%) 0.00 202
2021-01-01 $434,995 (-4.2%) $571,659 (-0.1%) 0.00 154
2021-02-01 $418,400 (-10.0%) $608,386 (5.7%) 0.00 124
2021-03-01 $436,950 (-4.4%) $632,689 (12.3%) 0.00 129
2021-04-01 $452,400 (4.1%) $643,244 (18.5%) 0.00 135
2021-05-01 $489,900 (5.6%) $683,572 (21.3%) 0.00 151
2021-06-01 $529,475 (18.3%) $747,461 (35.8%) 0.00 178
2021-07-01 $579,450 (29.4%) $792,138 (43.8%) 0.00 214
2021-08-01 $547,500 (17.8%) $770,976 (33.0%) 0.00 254
2021-09-01 $559,000 (23.7%) $773,946 (36.4%) 0.00 287
2021-10-01 $559,000 (24.3%) $790,253 (41.0%) 0.00 312
2021-11-01 $567,000 (37.0%) $805,949 (51.8%) 0.00 282
2021-12-01 $594,000 (42.3%) $866,811 (61.8%) 0.00 230
2022-01-01 $600,000 (37.9%) $854,501 (49.5%) 0.00 178
2022-02-01 $621,900 (48.6%) $863,247 (41.9%) 0.00 112
2022-03-01 $649,500 (48.6%) $850,673 (34.5%) 0.00 130
2022-04-01 $649,000 (43.5%) $849,986 (32.1%) 0.00 155
Wenatchee's median listing price for 2022-04-01 was $649,000, a difference of $196,600 (43.5%) versus the prior year and $-500 versus the prior month.

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

Wenatchee's average listing price for 2022-04-01 was $849,986, a difference of $206,742 (32.1%) versus the prior year and $-687 versus the prior month.

For the 2022-04-01 period, Wenatchee had 155 MLS listings, a difference of 25 listings (19%) versus the prior month and 20 listings (15%) 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 2,030 sqft
2018-02-01 0 days 2,013 sqft
2018-03-01 0 days 1,992 sqft
2018-04-01 0 days 1,963 sqft
2018-05-01 0 days 1,987 sqft
2018-06-01 0 days 2,035 sqft
2018-07-01 0 days 2,025 sqft
2018-08-01 0 days 1,995 sqft
2018-09-01 0 days 1,986 sqft
2018-10-01 0 days 2,026 sqft
2018-11-01 0 days 1,985 sqft
2018-12-01 0 days 1,920 sqft
2019-01-01 0 days 1,910 sqft
2019-02-01 0 days 1,884 sqft
2019-03-01 0 days 1,938 sqft
2019-04-01 0 days 2,028 sqft
2019-05-01 0 days 2,046 sqft
2019-06-01 0 days 2,016 sqft
2019-07-01 0 days 2,148 sqft
2019-08-01 0 days 2,088 sqft
2019-09-01 0 days 2,021 sqft
2019-10-01 0 days 1,964 sqft
2019-11-01 0 days 1,924 sqft
2019-12-01 0 days 1,889 sqft
2020-01-01 0 days 1,909 sqft
2020-02-01 0 days 1,919 sqft
2020-03-01 0 days 1,908 sqft
2020-04-01 0 days 1,907 sqft
2020-05-01 0 days 1,824 sqft
2020-06-01 0 days 1,900 sqft
2020-07-01 0 days 2,024 sqft
2020-08-01 0 days 2,080 sqft
2020-09-01 0 days 2,142 sqft
2020-10-01 0 days 2,079 sqft
2020-11-01 0 days 1,956 sqft
2020-12-01 0 days 1,871 sqft
2021-01-01 0 days 1,916 sqft
2021-02-01 0 days 1,883 sqft
2021-03-01 0 days 1,872 sqft
2021-04-01 0 days 1,935 sqft
2021-05-01 0 days 1,993 sqft
2021-06-01 0 days 1,985 sqft
2021-07-01 0 days 2,068 sqft
2021-08-01 0 days 2,092 sqft
2021-09-01 0 days 2,097 sqft
2021-10-01 0 days 2,178 sqft
2021-11-01 0 days 2,136 sqft
2021-12-01 0 days 2,224 sqft
2022-01-01 0 days 2,253 sqft
2022-02-01 0 days 2,047 sqft
2022-03-01 0 days 2,066 sqft
2022-04-01 0 days 2,052 sqft
Wenatchee's median listing age (time on market) for 2022-04-01 was 0 days.

Wenatchee's median square footage for active listings during the 2022-04-01 period was 2,052 sqft. One year prior, the average listing was 1,935 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.