Yakima VA Loan Rates, Closing Costs & Stats
YAKIMA, 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 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 77 lenders originated 625 VA loans during 2021. The total origination value was $180,695,000, with an average VA loan value of $289,112.
Yakima VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Yakima
averaged
6.59%
for the week of 2023-01-27, compared to the national average (all VA variants) of
5.952% for the same period.
Yakima's average VA mortgage closing costs are $6,018.
The average rate for the prior week (2023-01-20) was
6.12% and
one month ago for the week of 2022-12-23, the
average rate was 6.49%.
The average rate one year ago was 3.89%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.06%.
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.
The top Yakima VA lender as defined by loan originations is CALIBER HOME LOANS, INC., with
54 VA loans originated. Their average total fees are
$6,903, which is $2,104
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Yakima VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,680), FREEDOM MORTGAGE CORPORATION ($3,202), QUICKEN LOANS, LLC ($4,349), Mortgage Research Center, LLC ($4,799) and PENNYMAC LOAN SERVICES, LLC ($4,820).
The lowest rate Yakima VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (2.39%), QUICKEN LOANS, LLC (2.42%), FREEDOM MORTGAGE CORPORATION (2.46%), LOANDEPOT.COM, LLC (2.47%) and LAKEVIEW LOAN SERVICING, LLC (2.59%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Yakima (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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%) | $369,889 (25.7%) | 0.97 | 332 |
2018-07-01 | $289,338 (17.1%) | $366,224 (24.8%) | 0.97 | 352 |
2018-08-01 | $291,000 (18.8%) | $374,847 (26.9%) | 0.97 | 352 |
2018-09-01 | $295,000 (18.0%) | $365,141 (19.3%) | 0.99 | 374 |
2018-10-01 | $283,221 (13.3%) | $355,316 (16.6%) | 0.96 | 387 |
2018-11-01 | $290,959 (16.4%) | $365,461 (18.9%) | 0.99 | 364 |
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 | $319,786 (10.5%) | $375,787 (1.8%) | 1.05 | 292 |
2019-04-01 | $330,007 (10.4%) | $378,549 (-0.3%) | 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 (2.0%) | 1.05 | 346 |
2019-07-01 | $326,125 (12.7%) | $378,251 (3.3%) | 1.02 | 340 |
2019-08-01 | $318,564 (9.5%) | $372,652 (-0.6%) | 1.01 | 331 |
2019-09-01 | $316,559 (7.3%) | $364,032 (-0.3%) | 1.01 | 348 |
2019-10-01 | $317,723 (12.2%) | $360,869 (1.6%) | 1.03 | 350 |
2019-11-01 | $322,500 (10.8%) | $366,948 (0.4%) | 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 (5.0%) | 1.05 | 246 |
2020-04-01 | $338,750 (2.7%) | $384,581 (1.6%) | 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%) | 0.97 | 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%) | 0.89 | 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%) | 0.93 | 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 | $381,962 (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 | $386,650 (10.8%) | $426,763 (1.3%) | 1.05 | 174 |
2022-02-01 | $401,938 (20.0%) | $462,517 (14.2%) | 1.05 | 157 |
2022-03-01 | $392,838 (13.4%) | $472,645 (11.2%) | 0.98 | 152 |
2022-04-01 | $425,000 (22.4%) | $498,386 (23.1%) | 1.01 | 159 |
2022-05-01 | $430,000 (27.4%) | $483,378 (22.4%) | 0.98 | 193 |
2022-06-01 | $425,000 (28.8%) | $499,800 (29.5%) | 0.95 | 216 |
2022-07-01 | $429,950 (21.1%) | $487,904 (17.8%) | 0.97 | 281 |
2022-08-01 | $414,450 (18.4%) | $472,749 (14.4%) | 0.96 | 313 |
2022-09-01 | $398,950 (8.0%) | $464,208 (12.5%) | 0.93 | 319 |
2022-10-01 | $393,850 (6.7%) | $448,760 (9.0%) | 0.93 | 307 |
2022-11-01 | $387,000 (1.3%) | $438,210 (3.4%) | 0.93 | 321 |
2022-12-01 | $384,500 (-0.4%) | $433,192 (-0.1%) | 0.96 | 275 |
Yakima's median listing price comes in at 96% of the national average.
Yakima's average listing price for 2022-12-01 was $433,192, a difference of $-299 (-0.1%) versus the prior year and $-5,018 versus the prior month.
For the 2022-12-01 period, Yakima had 275 MLS listings, a difference of -46 listings (-14%) versus the prior month and 55 listings (25%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Yakima (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 87 days | 1,981 sqft |
2018-02-01 | 79 days | 1,982 sqft |
2018-03-01 | 46 days | 2,009 sqft |
2018-04-01 | 45 days | 2,027 sqft |
2018-05-01 | 41 days | 1,965 sqft |
2018-06-01 | 43 days | 1,984 sqft |
2018-07-01 | 50 days | 1,952 sqft |
2018-08-01 | 53 days | 1,976 sqft |
2018-09-01 | 48 days | 1,983 sqft |
2018-10-01 | 48 days | 1,915 sqft |
2018-11-01 | 59 days | 1,985 sqft |
2018-12-01 | 78 days | 1,999 sqft |
2019-01-01 | 77 days | 1,946 sqft |
2019-02-01 | 67 days | 1,990 sqft |
2019-03-01 | 59 days | 2,009 sqft |
2019-04-01 | 48 days | 2,032 sqft |
2019-05-01 | 41 days | 1,988 sqft |
2019-06-01 | 44 days | 2,051 sqft |
2019-07-01 | 46 days | 2,017 sqft |
2019-08-01 | 50 days | 1,985 sqft |
2019-09-01 | 50 days | 1,938 sqft |
2019-10-01 | 50 days | 1,920 sqft |
2019-11-01 | 53 days | 1,986 sqft |
2019-12-01 | 60 days | 2,039 sqft |
2020-01-01 | 74 days | 1,970 sqft |
2020-02-01 | 57 days | 1,961 sqft |
2020-03-01 | 45 days | 2,052 sqft |
2020-04-01 | 49 days | 2,091 sqft |
2020-05-01 | 53 days | 2,064 sqft |
2020-06-01 | 45 days | 2,112 sqft |
2020-07-01 | 43 days | 2,056 sqft |
2020-08-01 | 40 days | 2,116 sqft |
2020-09-01 | 29 days | 2,052 sqft |
2020-10-01 | 31 days | 1,915 sqft |
2020-11-01 | 45 days | 1,905 sqft |
2020-12-01 | 50 days | 1,927 sqft |
2021-01-01 | 57 days | 1,853 sqft |
2021-02-01 | 36 days | 1,820 sqft |
2021-03-01 | 25 days | 1,769 sqft |
2021-04-01 | 25 days | 1,821 sqft |
2021-05-01 | 22 days | 1,770 sqft |
2021-06-01 | 24 days | 1,747 sqft |
2021-07-01 | 22 days | 1,761 sqft |
2021-08-01 | 24 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 | 1,831 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 | 38 days | 1,794 sqft |
2022-04-01 | 31 days | 1,924 sqft |
2022-05-01 | 25 days | 1,976 sqft |
2022-06-01 | 27 days | 2,057 sqft |
2022-07-01 | 32 days | 2,014 sqft |
2022-08-01 | 40 days | 2,019 sqft |
2022-09-01 | 42 days | 1,987 sqft |
2022-10-01 | 52 days | 1,957 sqft |
2022-11-01 | 50 days | 1,941 sqft |
2022-12-01 | 67 days | 1,919 sqft |
Yakima's median square footage for active listings during the 2022-12-01 period was 1,919 sqft. One year prior, the average listing was 1,780 sqft.