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 42 lenders originated 158 VA loans during 2023. The total origination value was $57,040,000, with an average VA loan value of $361,013.

Yakima VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Yakima averaged 6.89% for the week of 2024-05-10, compared to the national average (all VA variants) of 6.593% for the same period.

Yakima's average VA mortgage closing costs are $6,878.

The average rate for the prior week (2024-05-03) was 7.02% and one month ago for the week of 2024-04-05, the average rate was 6.52%.

The average rate one year ago was 6.39%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.89%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 27 6.79% $7,611
CROSSCOUNTRY MORTGAGE, LLC 13 6.58% $9,005
UNITED WHOLESALE MORTGAGE, LLC 11 6.43% $7,922
QUICKEN LOANS, LLC 11 5.94% $11,192
AMERICAN PACIFIC MORTGAGE CORPORATION 9 6.71% $15,351
CMG MORTGAGE, INC. 9 6.25% $14,572
ACADEMY MORTGAGE CORPORATION 6 6.73% $9,113
The Federal Savings Bank 4 6.72% $11,997
PENNYMAC LOAN SERVICES, LLC 4 5.75% $8,547
HOMESIDE FINANCIAL, LLC 3 6.92% $13,761
AMERICAN FINANCIAL NETWORK, INC. 3 5.63% $14,341
FREEDOM MORTGAGE CORPORATION 3 6.25% $20,644
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.66% $9,112
SUMMIT FUNDING, INC. 3 6.88% $4,315
AMERISAVE MORTGAGE CORPORATION 3 5.79% $19,952
T2 FINANCIAL LLC 2 6.50% $20,338
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.75% $12,925
NAVY FEDERAL CREDIT UNION 2 4.88% $10,415
CARDINAL FINANCIAL 2 6.50% $7,112
NEW DAY FINANCIAL, LLC 2 7.18% $7,804
ENVOY MORTGAGE, LTD 2 5.25% $4,494
CORNERSTONE HOME LENDING, INC. 2 6.75% $25
Wells Fargo Bank 1 5.13% $0
Banner Bank 1 5.75% $13,382
BROKER SOLUTIONS, INC. 1 6.75% $22,690
CONTOUR MORTGAGE CORPORATION 1 4.88% $18,282
Equity Prime Mortgage LLC 1 6.50% $0
GENEVA FINANCIAL, LLC 1 7.63% $210
GUILD MORTGAGE COMPANY 1 7.13% $7,772
IDAHO CENTRAL 1 6.00% $13,210
Lakeview Community Capital, LLC 1 6.25% $7,283
LOANDEPOT.COM, LLC 1 4.25% $36,874
MID AMERICA MORTGAGE, INC. 1 6.75% $5,210
Mid-Continent Funding, Inc. 1 6.75% $10,656
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $273
MOVEMENT MORTGAGE, LLC 1 7.75% $16,003
Mr. Cooper ( Nationstar Mortgage ) 1 5.13% $24,628
Paramount Residential Mortgage Group, Inc. 1 5.75% $12,503
PLANET HOME LENDING, LLC 1 6.63% $20,571
Prosperity Home Mortgage, LLC 1 5.88% $22,408
SeaTrust Mortgage Company 1 5.00% $1,697
TOP FLITE FINANCIAL, INC. 1 7.75% $13,525

The top Yakima VA lender as defined by loan originations is Mortgage Research Center, LLC, with 27 VA loans originated. Their average total fees are $7,611, which is $1,395 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Yakima VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,611), UNITED WHOLESALE MORTGAGE, LLC ($7,922), CROSSCOUNTRY MORTGAGE, LLC ($9,005), QUICKEN LOANS, LLC ($11,192) and .

The lowest rate Yakima VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.94%), UNITED WHOLESALE MORTGAGE, LLC (6.43%), CROSSCOUNTRY MORTGAGE, LLC (6.58%), Mortgage Research Center, LLC (6.79%) and .


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 $257,300 (6.3%) $323,394 (10.8%) 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%) 0.97 333
2018-07-01 $287,475 (15.9%) $365,676 (24.3%) 0.96 353
2018-08-01 $289,500 (18.2%) $374,271 (26.4%) 0.97 353
2018-09-01 $295,000 (18.0%) $364,647 (19.0%) 0.99 375
2018-10-01 $283,221 (13.3%) $355,046 (16.2%) 0.96 387
2018-11-01 $290,959 (16.4%) $365,461 (18.6%) 0.99 364
2018-12-01 $299,950 (15.8%) $364,494 (16.4%) 1.03 335
2019-01-01 $289,900 (12.7%) $357,344 (10.5%) 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%) $377,539 (2.1%) 1.05 346
2019-07-01 $326,125 (13.4%) $378,251 (3.4%) 1.02 340
2019-08-01 $318,564 (10.0%) $372,652 (-0.4%) 1.01 331
2019-09-01 $316,559 (7.3%) $364,032 (-0.2%) 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 (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 (6.0%) 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 $398,950 (8.0%) $464,185 (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 (7.8%) $522,680 (12.6%) 1.00 317
2023-10-01 $427,900 (8.7%) $503,521 (12.2%) 1.01 352
2023-11-01 $417,250 (7.8%) $503,273 (14.9%) 0.99 339
2023-12-01 $415,000 (7.9%) $494,709 (14.2%) 1.01 322
2024-01-01 $414,950 (12.2%) $485,674 (13.2%) 1.01 302
2024-02-01 $409,725 (7.9%) $474,843 (9.6%) 0.99 270
2024-03-01 $415,000 (7.8%) $465,180 (-4.5%) 0.98 275
2024-04-01 $417,500 (4.6%) $465,485 (-8.0%) 0.97 300
Yakima's median listing price for 2024-04-01 was $417,500, a difference of $18,500 (4.6%) versus the prior year and $2,500 versus the prior month.

Yakima's median listing price comes in at 97% of the national average.

Yakima's average listing price for 2024-04-01 was $465,485, a difference of $-40,302 (-8.0%) versus the prior year and $305 versus the prior month.

For the 2024-04-01 period, Yakima had 300 MLS listings, a difference of 25 listings (9%) versus the prior month and 77 listings (35%) 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 41 days 1,983 sqft
2018-07-01 48 days 1,950 sqft
2018-08-01 51 days 1,975 sqft
2018-09-01 46 days 1,983 sqft
2018-10-01 47 days 1,915 sqft
2018-11-01 58 days 1,985 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 2,052 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 1,986 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
2023-11-01 51 days 1,881 sqft
2023-12-01 65 days 1,883 sqft
2024-01-01 72 days 1,861 sqft
2024-02-01 81 days 1,777 sqft
2024-03-01 63 days 1,789 sqft
2024-04-01 45 days 1,857 sqft
Yakima's median listing age (time on market) for 2024-04-01 was 45 days. This is 3% longer than the same period one year ago.

Yakima's median square footage for active listings during the 2024-04-01 period was 1,857 sqft. One year prior, the average listing was 1,881 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.