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%.
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.
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 | $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 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. LouisDate | 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 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.