Washington Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Washington, NC.

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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
STATE EMPLOYEES' 61 6.27% $4,022
QUICKEN LOANS, LLC 22 6.79% $6,925
Southern Bank and Trust Company 15 6.93% $2,367
Towne Bank 11 7.04% $5,321
Truist 11 6.67% $5,048
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 11 7.08% $5,970
AFFORDABLE MORTGAGE ADVISORS, LLC. 9 6.79% $8,049
United Bank 8 6.55% $4,450
DHI MORTGAGE COMPANY, LTD. 7 5.87% $2,238
First-Citizens Bank & Trust Company 7 6.73% $6,855
WEYCO COMMUNITY CREDIT UNION 6 5.80% $5,836
Alcova Mortgage LLC 6 7.22% $2,318
First Bank 6 6.56% $4,216
First National Bank of Pennsylvania 6 6.83% $3,471
Wells Fargo Bank 6 6.63% $5,538
JPMorgan Chase Bank 5 6.58% $4,382
CROSSCOUNTRY MORTGAGE, LLC 4 7.14% $8,917
UNITED WHOLESALE MORTGAGE, LLC 4 7.15% $8,006
NAVY FEDERAL CREDIT UNION 3 6.88% $4,537
LOCAL GOVERNMENT FEDERAL CREDIT UNION 3 8.30% $3,958
BROKER SOLUTIONS, INC. 3 7.08% $7,044
Integrity Home Mortgage Corp 3 6.83% $7,907
VANDERBILT MORTGAGE AND FINANCE, INC. 3 8.91% $7,290
Bank of America 3 5.96% $4,350
MOVEMENT MORTGAGE, LLC 2 7.06% $4,389
GUARANTEED RATE, INC. 2 6.94% $5,101
Prosperity Home Mortgage, LLC 2 6.56% $6,106
INTERCOASTAL MORTGAGE COMPANY 2 6.56% $5,355
USAA Federal Savings Bank 2 6.63% $7,673
PROVIDENT FUNDING ASSOCIATES, L.P. 2 6.81% $3,529
American Security Mortgage Corp. 2 6.75% $5,249
EVERETT FINANCIAL, INC. 2 7.06% $9,919
Advance Financial Group, LLC 2 7.06% $8,468
PLAZA HOME MORTGAGE, INC. 1 6.63% $6,160
PNC Bank 1 6.00% $8,031
RAPID MORTGAGE COMPANY 1 6.75% $5,043
RELIANCE FIRST CAPITAL, LLC 1 6.63% $6,085
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 6.13% $2,085
AMERICAN FINANCIAL NETWORK, INC. 1 7.00% $9,458
SUCCESS MORTGAGE PARTNERS, INC. 1 6.50% $5,179
Ally Bank 1 6.63% $2,641
AgCarolina Farm Credit, FLCA 1 7.48% $11,594
UBS Bank USA 1 6.50% $4,221
UNION HOME MORTGAGE CORP. 1 6.13% $6,464
ADVANCIAL 1 7.38% $13,583
United Community Bank 1 6.63% $4,005
UNITED MORTGAGE CORP 1 7.63% $7,722
U.S. Bank 1 8.50% $4,715
Charles Schwab Bank, SSB 1 6.25% $4,210
Citibank 1 6.13% $6,373
COASTAL Federal Credit Union 1 7.50% $4,744
Century Mortgage Company DBA Century Lending Company 1 7.13% $0
EQUITY RESOURCES, INC. 1 6.25% $3,251
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $6,854
Fifth Third Bank 1 6.99% $2,646
First Horizon Bank 1 6.88% $3,996
GENEVA FINANCIAL, LLC 1 7.63% $9,002
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.74% $3,939
Kwik Mortgage Corporation 1 6.63% $2,762
LOANDEPOT.COM, LLC 1 5.99% $15,159
Morgan Stanley Private Bank 1 6.70% $3,510
Mortgage Research Center, LLC 1 6.99% $9,065
Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $5,310
M&T Bank 1 7.63% $3,302
NBKC BANK 1 5.88% $5,628
NEWREZ LLC 1 6.63% $11,252
OCMBC, INC. 1 7.13% $12,477
PENNYMAC LOAN SERVICES, LLC 1 6.62% $8,776

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.