Yakima VA Loans

YAKIMA, WA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.