Washington Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Washington averaged
6.9%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.93% and
one month ago for the week of 2025-05-15, the
average rate was 6.6%.
Washington's average rate one year ago was 6.74%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.91%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Washington 30 Year Fixed Rate | 2025-06-18 | 6.9% |
| Washington 30 Year Fixed Rate Refi | 2025-06-18 | 6.91% |
| Washington 15 Year Fixed Rate | 2025-06-18 | 5.86% |
| Washington 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Washington 30 Year FHA | 2025-06-18 | 0.2% |
| Washington 30 Year FHA Refi | 2025-06-18 | 0% |
| Washington 30 Year USDA | 2025-06-18 | -0.1% |
| Washington 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Washington 30 Year VA | 2025-06-18 | 0.1% |
| Washington 30 Year VA Refi | 2025-06-18 | -0.1% |
Washington Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Washington, NC market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Washington Average Closing Costs & Other Stats
Washington, NC's 68 lenders originated 839
loans during 2024. The total origination value was $180,355,000, with an average loan value of
$214,964.
Washington's average closing costs are $4,607.
The top Washington lender as defined by loan originations is STATE EMPLOYEES', with
61 loans originated. Their average total fees are
$4,022, which is $2,903
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Washington lenders (with over 10 loans originated) are
Southern Bank and Trust Company ($2,367), STATE EMPLOYEES' ($4,022), Truist ($5,048), Towne Bank ($5,321) and ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($5,970).
The lowest rate Washington lenders (with over 10 loans originated) are
STATE EMPLOYEES' (6.27%), Truist (6.67%), QUICKEN LOANS, LLC (6.79%), Southern Bank and Trust Company (6.93%) and Towne Bank (7.04%).
Washington, NC Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $20,570,000 | $23,735,000 | 15.4% | 13.2% |
| Southern Bank and Trust Company | $19,300,000 | $20,675,000 | 7.1% | 11.5% |
| QUICKEN LOANS, LLC | $7,010,000 | $12,055,000 | 72.0% | 6.7% |
| First Bank | $11,580,000 | $6,180,000 | -46.6% | 3.4% |
| Towne Bank | $4,630,000 | $5,605,000 | 21.1% | 3.1% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $4,715,000 | $5,525,000 | 17.2% | 3.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,705,000 | $5,365,000 | 98.3% | 3.0% |
| First National Bank of Pennsylvania | $2,965,000 | $5,085,000 | 71.5% | 2.8% |
| First-Citizens Bank & Trust Company | $4,615,000 | $5,055,000 | 9.5% | 2.8% |
| Truist | $6,425,000 | $4,990,000 | -22.3% | 2.8% |
| NAVY FEDERAL CREDIT UNION | $2,635,000 | $4,485,000 | 70.2% | 2.5% |
| Mortgage Research Center, LLC | $5,520,000 | $4,325,000 | -21.6% | 2.4% |
| United Bank | $7,610,000 | $4,090,000 | -46.3% | 2.3% |
| Alcova Mortgage LLC | $2,105,000 | $3,765,000 | 78.9% | 2.1% |
| DHI MORTGAGE COMPANY, LTD. | $7,900,000 | $3,215,000 | -59.3% | 1.8% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $3,135,000 | n/a | 1.7% | |
| CROSSCOUNTRY MORTGAGE, LLC | $365,000 | $3,000,000 | 721.9% | 1.7% |
| MOVEMENT MORTGAGE, LLC | $2,990,000 | $2,030,000 | -32.1% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $250,000 | $1,975,000 | 690.0% | 1.1% |
| WEYCO COMMUNITY CREDIT UNION | $725,000 | $1,965,000 | 171.0% | 1.1% |
| Integrity Home Mortgage Corp | $420,000 | $1,910,000 | 354.8% | 1.1% |
| Bank of America | $1,270,000 | $1,580,000 | 24.4% | 0.9% |
| FIRST TECHNOLOGY | $1,525,000 | n/a | 0.8% | |
| LOANDEPOT.COM, LLC | $1,440,000 | $1,505,000 | 4.5% | 0.8% |
| Wells Fargo Bank | $805,000 | $1,490,000 | 85.1% | 0.8% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $3,250,000 | $1,485,000 | -54.3% | 0.8% |
| JPMorgan Chase Bank | $85,000 | $1,430,000 | 1,582.4% | 0.8% |
| USAA Federal Savings Bank | $515,000 | $1,400,000 | 171.8% | 0.8% |
| Citibank | $1,245,000 | n/a | 0.7% | |
| PENNYMAC LOAN SERVICES, LLC | $2,245,000 | $1,160,000 | -48.3% | 0.6% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,105,000 | $1,135,000 | -46.1% | 0.6% |
| NEWREZ LLC | $185,000 | $1,105,000 | 497.3% | 0.6% |
| BROKER SOLUTIONS, INC. | $635,000 | $1,020,000 | 60.6% | 0.6% |
| PNC Bank | $855,000 | $1,005,000 | 17.5% | 0.6% |
| AgCarolina Farm Credit, FLCA | $105,000 | $1,000,000 | 852.4% | 0.6% |
| Truliant Federal Credit Union | $35,000 | $875,000 | 2,400.0% | 0.5% |
| GUARANTEED RATE, INC. | $1,745,000 | $810,000 | -53.6% | 0.4% |
| INTERCOASTAL MORTGAGE COMPANY | $400,000 | $765,000 | 91.3% | 0.4% |
| Equity Prime Mortgage LLC | $735,000 | n/a | 0.4% | |
| LENDINGHOME FUNDING CORPORATION | $710,000 | n/a | 0.4% | |
| NEW DAY FINANCIAL, LLC | $1,630,000 | $705,000 | -56.7% | 0.4% |
| The Central Trust Bank | $685,000 | n/a | 0.4% | |
| Hometown Equity Mortgage, LLC | $675,000 | n/a | 0.4% | |
| Advance Financial Group, LLC | $660,000 | n/a | 0.4% | |
| COASTAL Federal Credit Union | $550,000 | $650,000 | 18.2% | 0.4% |
| PENTAGON FEDERAL CREDIT UNION | $525,000 | $640,000 | 21.9% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $770,000 | $635,000 | -17.5% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $605,000 | n/a | 0.3% | |
| Prosperity Home Mortgage, LLC | $105,000 | $580,000 | 452.4% | 0.3% |
| RELIANCE FIRST CAPITAL, LLC | $545,000 | $580,000 | 6.4% | 0.3% |
| EVERETT FINANCIAL, INC. | $570,000 | n/a | 0.3% | |
| GENEVA FINANCIAL, LLC | $555,000 | n/a | 0.3% | |
| Regions Bank | $535,000 | n/a | 0.3% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $635,000 | $530,000 | -16.5% | 0.3% |
| Discover Bank | $55,000 | $500,000 | 809.1% | 0.3% |
| United Community Bank | $315,000 | $500,000 | 58.7% | 0.3% |
| UBS Bank USA | $485,000 | n/a | 0.3% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $480,000 | n/a | 0.3% | |
| Strong Home Mortgage, LLC | $475,000 | n/a | 0.3% | |
| Century Mortgage Company DBA Century Lending Company | $315,000 | $465,000 | 47.6% | 0.3% |
| MILEND, INC. | $495,000 | $465,000 | -6.1% | 0.3% |
| 21ST MORTGAGE CORPORATION | $645,000 | $460,000 | -28.7% | 0.3% |
| SIRVA MORTGAGE, INC. | $455,000 | n/a | 0.3% | |
| Towne Mortgage, LLC | $455,000 | n/a | 0.3% | |
| Charles Schwab Bank, SSB | $425,000 | n/a | 0.2% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $410,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $405,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $400,000 | n/a | 0.2% | |
| American Security Mortgage Corp. | $600,000 | $395,000 | -34.2% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $185,000 | $390,000 | 110.8% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $390,000 | n/a | 0.2% | |
| First Horizon Bank | $380,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $365,000 | n/a | 0.2% | |
| ADVANCIAL | $355,000 | n/a | 0.2% | |
| Ally Bank | $355,000 | n/a | 0.2% | |
| Fifth Third Bank | $415,000 | $355,000 | -14.5% | 0.2% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $355,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $410,000 | $350,000 | -14.6% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $345,000 | n/a | 0.2% | |
| NBKC BANK | $85,000 | $345,000 | 305.9% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $340,000 | n/a | 0.2% | |
| Morgan Stanley Private Bank | $105,000 | $315,000 | 200.0% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $220,000 | $295,000 | 34.1% | 0.2% |
| MORTGAGE INVESTORS GROUP, INC. | $295,000 | n/a | 0.2% | |
| CORNERSTONE HOME LENDING, INC. | $550,000 | $290,000 | -47.3% | 0.2% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $275,000 | n/a | 0.2% | |
| OCMBC, INC. | $275,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $290,000 | $265,000 | -8.6% | 0.1% |
| Kwik Mortgage Corporation | $265,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $65,000 | $260,000 | 300.0% | 0.1% |
| Mid-Continent Funding, Inc. | $130,000 | $255,000 | 96.2% | 0.1% |
| OCEANSIDE MORTGAGE COMPANY | $255,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $245,000 | n/a | 0.1% | |
| UNITED MORTGAGE CORP | $245,000 | n/a | 0.1% | |
| GoPrime Mortgage, Inc. | $470,000 | $215,000 | -54.3% | 0.1% |
| CSL Financial, LLC | $75,000 | $210,000 | 180.0% | 0.1% |
| Citizens Bank | $75,000 | $205,000 | 173.3% | 0.1% |
| LIMA ONE CAPITAL, LLC | $190,000 | $205,000 | 7.9% | 0.1% |
| QUORUM FEDERAL CREDIT UNION | $175,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $165,000 | n/a | 0.1% | |
| FIRST FLIGHT FEDERAL CREDIT UNION | $85,000 | $160,000 | 88.2% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $155,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $295,000 | $155,000 | -47.5% | 0.1% |
| MICHIGAN MUTUAL, INC. | $155,000 | n/a | 0.1% | |
| EQUITY RESOURCES, INC. | $145,000 | n/a | 0.1% | |
| Coastal Community Bank | $140,000 | n/a | 0.1% | |
| Figure Lending LLC | $45,000 | $140,000 | 211.1% | 0.1% |
| RAPID MORTGAGE COMPANY | $135,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $260,000 | $135,000 | -48.1% | 0.1% |
| U.S. Bank | $115,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $105,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $95,000 | n/a | 0.1% | |
| Secured Investment Corp. | $95,000 | n/a | 0.1% | |
| Towne Mortgage of the Carolinas, LLC | $95,000 | n/a | 0.1% | |
| Blue Ridge Bank | $85,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $490,000 | $85,000 | -82.7% | 0.0% |
| HomeTrust Bank | $85,000 | n/a | 0.0% | |
| Pinnacle Bank | $305,000 | $85,000 | -72.1% | 0.0% |
| CORNING | $65,000 | n/a | 0.0% | |
| M&T Bank | $65,000 | n/a | 0.0% | |
| TD Bank | $225,000 | $55,000 | -75.6% | 0.0% |
| The Park National Bank | $15,000 | n/a | 0.0% |
Washington's top lender by overall market share is STATE EMPLOYEES', with 13.2% market share. In second place, with 11.5%, is Southern Bank and Trust Company, having originated $20,675,000 in loans. In third place, with 6.7%, is QUICKEN LOANS, LLC, having originated $12,055,000 in loans. In fourth place, with 3.4%, is First Bank, having originated $6,180,000 in loans. In fifth place, with 3.1%, is Towne Bank, having originated $5,605,000 in loans.
Washington, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 465 | $124,265,000 | $267,237 |
| Refi | 107 | $20,855,000 | $194,907 |
| Home Improvement | 90 | $7,920,000 | $88,000 |
| Cash Out Refi | 90 | $16,780,000 | $186,444 |
| Other | 87 | $10,535,000 | $121,092 |
Washington's most frequently cited loan purpose was Home Purchase, with 465 originations. The 2nd most popular reason was Refi, with 107 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 285 | $75,195,000 | $263,842 |
| 7-8% | 242 | $45,860,000 | $189,504 |
| 5-6% | 144 | $36,810,000 | $255,625 |
| Over 8% | 143 | $18,155,000 | $126,958 |
| 4-5% | 13 | $3,545,000 | $272,692 |
| <2.5% | 8 | $120,000 | $15,000 |
During 2024, Washington's most frequently originated rate bucket was 6-7%, with 285 originations.
Loan Sizing (Washington, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 276 | $77,240,000 | $279,855 |
| $100k-200k | 249 | $36,425,000 | $146,285 |
| $100,000 or less | 211 | $12,435,000 | $58,934 |
| $400k-600k | 84 | $39,410,000 | $469,167 |
| $600k-1000k | 17 | $12,075,000 | $710,294 |
| $Over $1MM | 2 | $2,770,000 | $1,385,000 |
Washington's loan sizing saw the bucket of loans from $200k-400k with 276 originations, totaling $77,240,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 295 | $83,325,000 | $282,458 |
| 60-80% | 202 | $53,880,000 | $266,733 |
| 20-40% | 119 | $13,375,000 | $112,395 |
| Under 20% | 103 | $5,485,000 | $53,252 |
| 40-60% | 90 | $16,950,000 | $188,333 |
| Over 100% | 13 | $3,135,000 | $241,154 |
Washington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 295 originations, totaling $83,325,000 in origination value.