Yakima VA Loans

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 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 5.5% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.43% and one month ago for the week of 2022-04-08, the average rate was 5.05%.

The average rate one year ago was 2.97%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.36%.

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CALIBER HOME LOANS, INC. 54 2.66% $6,903
Mortgage Research Center, LLC 50 2.87% $4,799
FREEDOM MORTGAGE CORPORATION 50 2.46% $3,202
QUICKEN LOANS, LLC 45 2.42% $4,349
PENNYMAC LOAN SERVICES, LLC 29 2.39% $4,820
HOMEBRIDGE FINANCIAL SERVICES, INC. 28 2.74% $7,687
HOMESIDE FINANCIAL, LLC 21 2.74% $6,991
The Federal Savings Bank 18 2.65% $6,219
NEW DAY FINANCIAL, LLC 13 2.90% $10,194
LOANDEPOT.COM, LLC 13 2.47% $6,461
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 12 3.30% $7,561
LAKEVIEW LOAN SERVICING, LLC 11 2.59% $2,680
UNITED WHOLESALE MORTGAGE, LLC 10 2.70% $6,626
FINANCE OF AMERICA MORTGAGE LLC 9 2.74% $10,672
Wells Fargo Bank 9 2.46% $3,090
VILLAGE CAPITAL & INVESTMENT LLC 9 2.58% $2,799
USAA Federal Savings Bank 9 2.83% $3,883
HOME POINT FINANCIAL CORPORATION 9 2.74% $6,244
ACADEMY MORTGAGE CORPORATION 8 2.97% $7,700
Mr. Cooper ( Nationstar Mortgage ) 7 2.82% $3,821
Banner Bank 7 2.43% $4,588
Umpqua Bank 7 2.93% $7,098
CROSSCOUNTRY MORTGAGE, LLC 6 2.87% $9,961
AMERISAVE MORTGAGE CORPORATION 5 2.65% $4,132
Paramount Residential Mortgage Group, Inc. 5 3.28% $10,482
NAVY FEDERAL CREDIT UNION 5 2.43% $4,804
CORNERSTONE HOME LENDING, INC. 5 3.05% $7,855
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 2.90% $8,268
BROKER SOLUTIONS, INC. 5 2.43% $8,772
NP, Inc. 4 2.28% $4,546
GUILD MORTGAGE COMPANY 4 2.63% $7,603
SOVEREIGN LENDING GROUP INCORPORATED 4 2.66% $4,767
AMERICAN FINANCIAL NETWORK, INC. 4 2.50% $17,032
ENVOY MORTGAGE, LTD 4 3.06% $8,358
Barrington Bank & Trust Company, N.A. 3 2.63% $10,693
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.63% $9,769
Carrington Mortgage Services, LLC 3 3.00% $6,758
First Federal Bank 3 3.83% $8,288
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.96% $9,635
PENTAGON FEDERAL CREDIT UNION 3 2.33% $3,813
BAY EQUITY LLC 2 2.75% $13,189
ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 2.75% $10,295
Mid-Continent Funding, Inc. 2 2.94% $5,757
CMG MORTGAGE, INC. 2 2.50% $9,614
PLANET HOME LENDING, LLC 2 2.56% $9,163
CHURCHILL MORTGAGE CORPORATION 2 3.18% $13,019
VAN DYK MORTGAGE CORPORATION 2 2.75% $8,326
NETWORK CAPITAL FUNDING CORPORATION 2 2.44% $2,192
Low VA Rates, LLC 2 2.25% $12,762
Wheatland Bank 1 3.25% $3,407
Willamette Valley Bank 1 4.00% $10,027
ZILLOW HOME LOANS, LLC 1 2.88% $16,437
First Guaranty Mortgage Corporation 1 2.25% $3,616
GENEVA FINANCIAL, LLC 1 3.50% $0
HomeStreet Bank 1 3.00% $20,538
IDAHO CENTRAL 1 2.63% $16,723
InterContinental Capital Group, Inc 1 2.63% $5,501
KELLER MORTGAGE, LLC 1 2.75% $7,087
Lakeview Community Capital, LLC 1 2.25% $3,084
LIBERTY HOME MORTGAGE CORPORATION 1 3.63% $8,990
Meridian Bank Corporation 1 2.25% $5,732
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.38% $11,816
NATIONS DIRECT MORTGAGE, LLC 1 2.25% $7,905
NEWREZ LLC 1 2.25% $3,255
North American Savings Bank, F.S.B. 1 2.75% $15,034
Plains Commerce Bank 1 3.00% $4,016
PREMIER MORTGAGE RESOURCES, L.L.C. 1 2.88% $8,497
PRIORITY HOME LENDING, LLC 1 3.25% $14,036
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.50% $19,271
STEARNS LENDING, LLC 1 3.00% $3,300
SUMMIT FUNDING, INC. 1 3.25% $8,278
AMERICAN FINANCING CORPORATION 1 2.63% $1,765
U.S. Bank 1 2.75% $8,889
Alaska USA Mortgage Company LLC 1 3.00% $3,960
Watermark Capital, Inc. 1 2.25% $12,613
Alaska USA Federal Credit Union 1 3.00% $3,960
WESTERN EXPRESS LENDING 1 2.75% $7,518

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. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $254,250 (5.1%) $317,595 (9.5%) 0.94 325
2018-02-01 $269,450 (12.3%) $343,446 (19.1%) 0.97 298
2018-03-01 $285,000 (24.0%) $369,244 (30.4%) 0.99 292
2018-04-01 $293,000 (27.4%) $369,629 (30.9%) 0.98 316
2018-05-01 $289,900 (17.6%) $360,903 (25.6%) 0.97 341
2018-06-01 $285,000 (15.6%) $364,984 (25.0%) 0.95 366
2018-07-01 $282,250 (13.4%) $361,609 (24.5%) 0.94 382
2018-08-01 $282,925 (19.4%) $370,315 (29.3%) 0.95 388
2018-09-01 $294,450 (21.7%) $361,814 (21.2%) 0.98 413
2018-10-01 $281,200 (17.2%) $354,251 (19.3%) 0.94 432
2018-11-01 $289,450 (17.1%) $362,006 (20.7%) 0.97 408
2018-12-01 $299,000 (16.3%) $359,286 (16.5%) 1.02 383
2019-01-01 $289,500 (13.9%) $347,677 (9.5%) 1.00 348
2019-02-01 $294,900 (9.5%) $354,743 (3.3%) 0.99 340
2019-03-01 $307,800 (8.0%) $363,241 (-1.6%) 1.00 331
2019-04-01 $322,800 (10.2%) $371,050 (0.4%) 1.02 337
2019-05-01 $319,700 (10.3%) $363,740 (0.8%) 0.99 351
2019-06-01 $325,000 (14.0%) $369,462 (1.2%) 1.00 400
2019-07-01 $324,900 (15.1%) $372,985 (3.2%) 1.01 387
2019-08-01 $315,000 (11.3%) $361,368 (-2.4%) 0.99 370
2019-09-01 $315,000 (7.0%) $347,556 (-3.9%) 1.00 376
2019-10-01 $321,714 (14.4%) $359,565 (1.5%) 1.03 390
2019-11-01 $320,000 (10.6%) $361,683 (-0.1%) 1.03 367
2019-12-01 $327,000 (9.4%) $363,887 (1.3%) 1.09 347
2020-01-01 $304,950 (5.3%) $361,940 (4.1%) 1.02 307
2020-02-01 $299,000 (1.4%) $356,980 (0.6%) 0.96 290
2020-03-01 $334,950 (8.8%) $391,092 (7.7%) 1.05 272
2020-04-01 $342,250 (6.0%) $381,381 (2.8%) 1.07 264
2020-05-01 $349,900 (9.5%) $392,192 (7.8%) 1.06 252
2020-06-01 $374,500 (15.2%) $401,654 (8.7%) 1.09 240
2020-07-01 $389,900 (20.0%) $418,117 (12.1%) 1.12 214
2020-08-01 $389,000 (23.5%) $415,767 (15.1%) 1.11 192
2020-09-01 $382,200 (21.3%) $413,819 (19.1%) 1.09 208
2020-10-01 $345,000 (7.2%) $413,089 (14.9%) 0.99 227
2020-11-01 $349,000 (9.1%) $434,606 (20.2%) 1.00 211
2020-12-01 $345,000 (5.5%) $430,088 (18.2%) 1.01 191
2021-01-01 $347,990 (14.1%) $422,618 (16.8%) 1.02 177
2021-02-01 $332,500 (11.2%) $408,269 (14.4%) 0.96 157
2021-03-01 $349,700 (4.4%) $430,835 (10.2%) 0.98 148
2021-04-01 $344,450 (0.6%) $405,269 (6.3%) 0.93 147
2021-05-01 $329,000 (-6.0%) $392,423 (0.1%) 0.87 157
2021-06-01 $339,500 (-9.4%) $389,188 (-3.1%) 0.88 192
2021-07-01 $356,543 (-8.6%) $415,127 (-0.7%) 0.93 224
2021-08-01 $357,450 (-8.1%) $416,038 (0.1%) 0.94 237
2021-09-01 $369,925 (-3.2%) $414,944 (0.3%) 0.97 276
2021-10-01 $370,194 (7.3%) $415,879 (0.7%) 0.97 261
2021-11-01 $387,450 (11.0%) $426,441 (-1.9%) 1.02 269
2021-12-01 $385,000 (11.6%) $431,687 (0.4%) 1.03 232
2022-01-01 $389,900 (12.0%) $424,450 (0.4%) 1.04 186
2022-02-01 $396,500 (19.3%) $454,296 (11.3%) 1.01 164
2022-03-01 $394,425 (12.8%) $466,703 (8.3%) 0.97 163
2022-04-01 $430,000 (24.8%) $504,541 (24.5%) 1.01 177
Yakima's median listing price for 2022-04-01 was $430,000, a difference of $85,550 (24.8%) versus the prior year and $35,575 versus the prior month.

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

Yakima's average listing price for 2022-04-01 was $504,541, a difference of $99,272 (24.5%) versus the prior year and $37,838 versus the prior month.

For the 2022-04-01 period, Yakima had 177 MLS listings, a difference of 14 listings (9%) versus the prior month and 30 listings (20%) 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 86 days 1,955 sqft
2018-02-01 81 days 1,960 sqft
2018-03-01 46 days 1,999 sqft
2018-04-01 47 days 2,005 sqft
2018-05-01 44 days 1,941 sqft
2018-06-01 45 days 1,963 sqft
2018-07-01 52 days 1,945 sqft
2018-08-01 57 days 1,964 sqft
2018-09-01 49 days 1,976 sqft
2018-10-01 49 days 1,927 sqft
2018-11-01 60 days 1,948 sqft
2018-12-01 79 days 1,992 sqft
2019-01-01 79 days 1,940 sqft
2019-02-01 71 days 1,973 sqft
2019-03-01 66 days 1,971 sqft
2019-04-01 53 days 1,985 sqft
2019-05-01 43 days 1,955 sqft
2019-06-01 46 days 2,016 sqft
2019-07-01 49 days 2,002 sqft
2019-08-01 46 days 1,972 sqft
2019-09-01 49 days 1,947 sqft
2019-10-01 50 days 1,959 sqft
2019-11-01 53 days 1,973 sqft
2019-12-01 62 days 2,067 sqft
2020-01-01 77 days 1,964 sqft
2020-02-01 67 days 1,964 sqft
2020-03-01 47 days 2,063 sqft
2020-04-01 51 days 2,094 sqft
2020-05-01 56 days 2,084 sqft
2020-06-01 49 days 2,118 sqft
2020-07-01 48 days 2,088 sqft
2020-08-01 44 days 2,116 sqft
2020-09-01 34 days 2,079 sqft
2020-10-01 32 days 1,947 sqft
2020-11-01 47 days 1,973 sqft
2020-12-01 53 days 1,952 sqft
2021-01-01 59 days 1,850 sqft
2021-02-01 36 days 1,820 sqft
2021-03-01 29 days 1,774 sqft
2021-04-01 28 days 1,825 sqft
2021-05-01 24 days 1,774 sqft
2021-06-01 24 days 1,800 sqft
2021-07-01 26 days 1,800 sqft
2021-08-01 26 days 1,801 sqft
2021-09-01 29 days 1,860 sqft
2021-10-01 38 days 1,824 sqft
2021-11-01 36 days 1,859 sqft
2021-12-01 45 days 1,806 sqft
2022-01-01 53 days 1,709 sqft
2022-02-01 59 days 1,781 sqft
2022-03-01 44 days 1,813 sqft
2022-04-01 36 days 1,938 sqft
Yakima's median listing age (time on market) for 2022-04-01 was 36 days. This is 29% longer than the same period one year ago.

Yakima's median square footage for active listings during the 2022-04-01 period was 1,938 sqft. One year prior, the average listing was 1,825 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.