Yakima VA Loan Rates, Closing Costs & Stats

YAKIMA, 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.

    Yakima's 64 lenders originated 294 VA loans during 2022. The total origination value was $101,450,000, with an average VA loan value of $345,068.

    Yakima VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Yakima averaged 0% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Yakima's average VA mortgage closing costs are $6,621.

    The average rate for the prior week (2023-11-17) was 6.74% and one month ago for the week of 2023-10-20, the average rate was 7.47%.

    The average rate one year ago was 6.19%.

    For refis of the same type during the week of 2023-11-24, the average rate was -0.8%.

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

    Yakima 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 Yakima level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 49 4.88% $7,680
    CALIBER HOME LOANS, INC. 25 4.40% $10,237
    HOMEBRIDGE FINANCIAL SERVICES, INC. 21 5.18% $13,979
    QUICKEN LOANS, LLC 19 4.07% $11,029
    HOMESIDE FINANCIAL, LLC 13 5.43% $9,723
    NAVY FEDERAL CREDIT UNION 10 3.50% $13,387
    FREEDOM MORTGAGE CORPORATION 10 4.35% $11,194
    USAA Federal Savings Bank 10 4.25% $7,121
    The Federal Savings Bank 10 4.34% $17,301
    PENNYMAC LOAN SERVICES, LLC 9 3.83% $9,871
    LOANDEPOT.COM, LLC 7 4.96% $16,310
    UNITED WHOLESALE MORTGAGE, LLC 6 4.31% $9,652
    Flagstar Bank, FSB 5 4.00% $6,667
    AMERISAVE MORTGAGE CORPORATION 5 3.78% $11,525
    CROSSCOUNTRY MORTGAGE, LLC 4 5.50% $6,964
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 4 4.75% $10,873
    NEW DAY FINANCIAL, LLC 4 5.56% $11,557
    CORNERSTONE HOME LENDING, INC. 4 4.63% $9,176
    Wells Fargo Bank 4 3.91% $9,897
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 4.50% $13,890
    FINANCE OF AMERICA MORTGAGE LLC 3 3.96% $9,852
    NEWREZ LLC 3 4.92% $12,969
    CARDINAL FINANCIAL 3 5.42% $16,135
    ACADEMY MORTGAGE CORPORATION 3 5.08% $17,720
    Washington Trust Bank 2 4.38% $9,822
    Carrington Mortgage Services, LLC 2 4.88% $9,626
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.06% $17,871
    CHURCHILL MORTGAGE CORPORATION 2 4.19% $3,360
    Mr. Cooper ( Nationstar Mortgage ) 2 4.19% $3,582
    AXIA FINANCIAL, LLC 2 5.75% $15,497
    Barrington Bank & Trust Company, N.A. 2 4.68% $7,614
    VILLAGE CAPITAL MORTGAGE 1 2.25% $6,023
    1st Security Bank of Washington 1 3.50% $10,692
    Willamette Valley Bank 1 4.25% $12,061
    BAY EQUITY LLC 1 3.99% $9,983
    BROKER SOLUTIONS, INC. 1 3.49% $4,333
    CMG MORTGAGE, INC. 1 4.25% $7,254
    Cornerstone First Mortgage, Inc 1 6.00% $11,672
    Credence Funding Corporation 1 2.50% $2,877
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.99% $21,305
    First Federal Bank 1 4.50% $9,517
    First Home Bank 1 3.25% $3,335
    GUILD MORTGAGE COMPANY 1 6.63% $14,577
    HOME POINT FINANCIAL CORPORATION 1 4.49% $16,028
    HomeStreet Bank 1 5.13% $10,886
    JAMES B. NUTTER & COMPANY 1 4.50% $5,313
    JPMorgan Chase Bank 1 4.75% $19,628
    KeyBank 1 4.38% $20,645
    Lakeview Community Capital, LLC 1 4.13% $13,395
    LAKEVIEW LOAN SERVICING, LLC 1 2.63% $2,706
    LIBERTY HOME MORTGAGE CORPORATION 1 3.88% $18,258
    LOANPAL, LLC 1 2.75% $4,577
    NATIONS DIRECT MORTGAGE, LLC 1 2.25% $6,404
    NFM, INC. 1 4.50% $23,033
    PHH Mortgage Corporation 1 4.63% $6,666
    PLANET HOME LENDING, LLC 1 5.13% $11,533
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.75% $3,203
    Strong Home Mortgage, LLC 1 4.38% $11,345
    SUMMIT FUNDING, INC. 1 5.38% $13,370
    Summit Mortgage Corporation 1 4.38% $17,045
    Sunflower Bank 1 2.99% $6,720
    Truist 1 4.75% $3,761
    U.S. Bank 1 5.25% $12,513
    VERITAS FUNDING, LLC 1 4.50% $22,349

    The top Yakima VA lender as defined by loan originations is Mortgage Research Center, LLC, with 49 VA loans originated. Their average total fees are $7,680, which is $2,557 lower than the next largest lender, CALIBER HOME LOANS, INC..

    The lowest fee Yakima VA lenders (with over 10 loans originated) are USAA Federal Savings Bank ($7,121), Mortgage Research Center, LLC ($7,680), HOMESIDE FINANCIAL, LLC ($9,723), CALIBER HOME LOANS, INC. ($10,237) and QUICKEN LOANS, LLC ($11,029).

    The lowest rate Yakima VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (3.50%), QUICKEN LOANS, LLC (4.07%), USAA Federal Savings Bank (4.25%), The Federal Savings Bank (4.34%) and FREEDOM MORTGAGE CORPORATION (4.35%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Yakima (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 $256,050 (5.8%) $322,997 (10.6%) 0.95 312
    2018-02-01 $270,798 (12.9%) $349,371 (19.2%) 0.98 286
    2018-03-01 $289,500 (23.2%) $369,237 (29.3%) 1.02 275
    2018-04-01 $298,975 (30.1%) $379,533 (32.8%) 1.01 291
    2018-05-01 $291,451 (17.4%) $366,815 (26.4%) 0.97 312
    2018-06-01 $290,000 (17.8%) $373,681 (27.0%) 0.97 332
    2018-07-01 $289,950 (17.4%) $368,571 (25.6%) 0.97 353
    2018-08-01 $291,500 (19.0%) $380,951 (29.0%) 0.98 353
    2018-09-01 $295,000 (18.0%) $370,659 (21.1%) 0.99 375
    2018-10-01 $284,196 (13.7%) $360,992 (18.4%) 0.96 388
    2018-11-01 $291,725 (16.7%) $367,838 (19.6%) 0.99 365
    2018-12-01 $299,950 (15.8%) $364,494 (16.6%) 1.03 335
    2019-01-01 $289,900 (13.2%) $357,344 (10.6%) 1.00 305
    2019-02-01 $298,450 (10.2%) $366,937 (5.0%) 1.01 296
    2019-03-01 $319,979 (10.5%) $377,020 (2.1%) 1.05 292
    2019-04-01 $329,979 (10.4%) $379,570 (0.0%) 1.05 294
    2019-05-01 $324,800 (11.4%) $369,742 (0.8%) 1.02 308
    2019-06-01 $335,000 (15.5%) $377,186 (0.9%) 1.05 346
    2019-07-01 $326,125 (12.5%) $378,251 (2.6%) 1.02 340
    2019-08-01 $318,564 (9.3%) $372,652 (-2.2%) 1.01 331
    2019-09-01 $316,559 (7.3%) $364,032 (-1.8%) 1.01 348
    2019-10-01 $317,723 (11.8%) $360,869 (0.0%) 1.03 350
    2019-11-01 $322,500 (10.6%) $366,948 (-0.2%) 1.06 331
    2019-12-01 $319,950 (6.7%) $363,134 (-0.4%) 1.07 306
    2020-01-01 $303,700 (4.8%) $363,781 (1.8%) 1.01 269
    2020-02-01 $296,750 (-0.6%) $363,870 (-0.8%) 0.97 256
    2020-03-01 $334,925 (4.7%) $394,527 (4.6%) 1.05 246
    2020-04-01 $338,750 (2.7%) $384,581 (1.3%) 1.06 244
    2020-05-01 $345,000 (6.2%) $390,166 (5.5%) 1.05 228
    2020-06-01 $360,000 (7.5%) $400,171 (6.1%) 1.06 223
    2020-07-01 $386,125 (18.4%) $421,393 (11.4%) 1.12 194
    2020-08-01 $385,000 (20.9%) $413,073 (10.9%) 1.10 167
    2020-09-01 $375,000 (18.5%) $416,813 (14.5%) 1.07 184
    2020-10-01 $342,000 (7.6%) $411,988 (14.2%) 0.98 199
    2020-11-01 $349,000 (8.2%) $433,834 (18.2%) 1.02 186
    2020-12-01 $342,560 (7.1%) $425,599 (17.2%) 1.02 170
    2021-01-01 $349,000 (14.9%) $421,451 (15.9%) 1.04 155
    2021-02-01 $335,000 (12.9%) $405,155 (11.4%) 0.98 136
    2021-03-01 $346,500 (3.5%) $425,235 (7.8%) 0.98 133
    2021-04-01 $347,250 (2.5%) $404,975 (5.3%) 0.94 134
    2021-05-01 $337,500 (-2.2%) $395,090 (1.3%) 0.90 150
    2021-06-01 $330,000 (-8.3%) $386,061 (-3.5%) 0.87 175
    2021-07-01 $355,000 (-8.1%) $414,220 (-1.7%) 0.94 202
    2021-08-01 $349,962 (-9.1%) $413,190 (0.0%) 0.93 220
    2021-09-01 $369,425 (-1.5%) $412,712 (-1.0%) 0.99 253
    2021-10-01 $369,000 (7.9%) $411,716 (-0.1%) 0.98 243
    2021-11-01 $381,675 (9.4%) $423,640 (-2.4%) 1.02 242
    2021-12-01 $386,187 (12.7%) $433,491 (1.9%) 1.05 220
    2022-01-01 $386,449 (10.7%) $426,043 (1.1%) 1.04 174
    2022-02-01 $401,938 (20.0%) $462,517 (14.2%) 1.05 157
    2022-03-01 $392,838 (13.4%) $472,314 (11.1%) 0.98 152
    2022-04-01 $425,000 (22.4%) $498,386 (23.1%) 1.01 159
    2022-05-01 $430,000 (27.4%) $483,203 (22.3%) 0.98 193
    2022-06-01 $425,000 (28.8%) $499,719 (29.4%) 0.95 216
    2022-07-01 $429,950 (21.1%) $487,904 (17.8%) 0.97 281
    2022-08-01 $414,475 (18.4%) $472,701 (14.4%) 0.96 313
    2022-09-01 $399,200 (8.1%) $464,293 (12.5%) 0.93 319
    2022-10-01 $393,850 (6.7%) $448,760 (9.0%) 0.93 307
    2022-11-01 $387,000 (1.4%) $438,210 (3.4%) 0.93 321
    2022-12-01 $384,500 (-0.4%) $433,182 (-0.1%) 0.95 275
    2023-01-01 $370,000 (-4.3%) $429,103 (0.7%) 0.92 237
    2023-02-01 $379,725 (-5.5%) $433,252 (-6.3%) 0.92 235
    2023-03-01 $384,900 (-2.0%) $487,135 (3.1%) 0.91 214
    2023-04-01 $399,000 (-6.1%) $505,787 (1.5%) 0.93 223
    2023-05-01 $415,000 (-3.5%) $510,011 (5.6%) 0.94 235
    2023-06-01 $406,600 (-4.3%) $505,896 (1.2%) 0.91 252
    2023-07-01 $408,950 (-4.9%) $515,666 (5.7%) 0.93 267
    2023-08-01 $425,000 (2.5%) $523,630 (10.8%) 0.98 276
    2023-09-01 $429,900 (7.7%) $522,680 (12.6%) 1.00 317
    2023-10-01 $427,900 (8.7%) $503,521 (12.2%) 1.01 352
    Yakima's median listing price for 2023-10-01 was $427,900, a difference of $34,050 (8.7%) versus the prior year and $-2,000 versus the prior month.

    Yakima's median listing price comes in at 101% of the national average.

    Yakima's average listing price for 2023-10-01 was $503,521, a difference of $54,761 (12.2%) versus the prior year and $-19,159 versus the prior month.

    For the 2023-10-01 period, Yakima had 352 MLS listings, a difference of 35 listings (11%) versus the prior month and 45 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Yakima (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 85 days 1,981 sqft
    2018-02-01 75 days 1,982 sqft
    2018-03-01 45 days 2,009 sqft
    2018-04-01 45 days 2,027 sqft
    2018-05-01 40 days 1,965 sqft
    2018-06-01 42 days 1,984 sqft
    2018-07-01 48 days 1,955 sqft
    2018-08-01 51 days 1,981 sqft
    2018-09-01 46 days 1,987 sqft
    2018-10-01 48 days 1,918 sqft
    2018-11-01 58 days 1,988 sqft
    2018-12-01 78 days 1,999 sqft
    2019-01-01 76 days 1,946 sqft
    2019-02-01 66 days 1,990 sqft
    2019-03-01 55 days 2,009 sqft
    2019-04-01 47 days 2,032 sqft
    2019-05-01 39 days 1,988 sqft
    2019-06-01 40 days 2,051 sqft
    2019-07-01 44 days 2,017 sqft
    2019-08-01 50 days 1,985 sqft
    2019-09-01 48 days 1,938 sqft
    2019-10-01 48 days 1,920 sqft
    2019-11-01 53 days 1,986 sqft
    2019-12-01 59 days 2,039 sqft
    2020-01-01 73 days 1,970 sqft
    2020-02-01 57 days 1,961 sqft
    2020-03-01 45 days 2,052 sqft
    2020-04-01 48 days 2,091 sqft
    2020-05-01 51 days 2,064 sqft
    2020-06-01 45 days 2,112 sqft
    2020-07-01 41 days 2,056 sqft
    2020-08-01 39 days 2,116 sqft
    2020-09-01 28 days 2,052 sqft
    2020-10-01 30 days 1,915 sqft
    2020-11-01 43 days 1,905 sqft
    2020-12-01 47 days 1,927 sqft
    2021-01-01 55 days 1,853 sqft
    2021-02-01 32 days 1,820 sqft
    2021-03-01 24 days 1,769 sqft
    2021-04-01 24 days 1,821 sqft
    2021-05-01 21 days 1,770 sqft
    2021-06-01 24 days 1,747 sqft
    2021-07-01 22 days 1,761 sqft
    2021-08-01 23 days 1,756 sqft
    2021-09-01 29 days 1,790 sqft
    2021-10-01 36 days 1,800 sqft
    2021-11-01 35 days 1,834 sqft
    2021-12-01 45 days 1,780 sqft
    2022-01-01 53 days 1,697 sqft
    2022-02-01 61 days 1,792 sqft
    2022-03-01 39 days 1,794 sqft
    2022-04-01 31 days 1,924 sqft
    2022-05-01 25 days 1,975 sqft
    2022-06-01 27 days 2,057 sqft
    2022-07-01 32 days 2,014 sqft
    2022-08-01 39 days 2,014 sqft
    2022-09-01 41 days 1,988 sqft
    2022-10-01 51 days 1,952 sqft
    2022-11-01 50 days 1,941 sqft
    2022-12-01 66 days 1,919 sqft
    2023-01-01 75 days 1,940 sqft
    2023-02-01 61 days 1,900 sqft
    2023-03-01 45 days 1,846 sqft
    2023-04-01 43 days 1,881 sqft
    2023-05-01 40 days 1,907 sqft
    2023-06-01 42 days 1,891 sqft
    2023-07-01 44 days 1,897 sqft
    2023-08-01 41 days 1,934 sqft
    2023-09-01 38 days 1,941 sqft
    2023-10-01 45 days 1,902 sqft
    Yakima's median listing age (time on market) for 2023-10-01 was 45 days. This is -12% shorter than the same period one year ago.

    Yakima's median square footage for active listings during the 2023-10-01 period was 1,902 sqft. One year prior, the average listing was 1,952 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.