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%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 MORTGAGE 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 $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 for 2022-12-01 was $384,500, a difference of $-1,687 (-0.4%) versus the prior year and $-2,500 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-12-01 was 67 days. This is 51% longer than the same period one year ago.

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.

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.