Yakima VA Loan Rates, Closing Costs & Stats

YAKIMA, WA

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    • 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.