District Of Columbia VA Loan Rates, Closing Costs & Stats

District of Columbia

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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.

    District Of Columbia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in District Of Columbia averaged 6.28% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    District Of Columbia's average VA mortgage closing costs are $11,854.

    The average rate for the prior week (2025-03-28) was 6.4% and one month ago for the week of 2025-02-28, the average rate was 6.68%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.3%.

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

    District Of Columbia 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 District Of Columbia level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 35 6.06% $10,933
    FIRST HOME MORTGAGE CORPORATION 23 6.42% $15,668
    UNITED WHOLESALE MORTGAGE, LLC 23 5.71% $14,123
    NAVY FEDERAL CREDIT UNION 21 5.85% $10,870
    GUARANTEED RATE, INC. 17 5.80% $10,849
    CROSSCOUNTRY MORTGAGE, LLC 16 6.16% $12,709
    Prosperity Home Mortgage, LLC 16 6.03% $19,619
    MOVEMENT MORTGAGE, LLC 14 5.93% $14,318
    QUICKEN LOANS, LLC 14 6.07% $15,685
    FIRST SAVINGS MORTGAGE CORPORATION 14 6.13% $14,969
    FREEDOM MORTGAGE CORPORATION 14 5.74% $11,820
    PENNYMAC LOAN SERVICES, LLC 13 5.44% $14,014
    Atlantic Coast Mortgage, LLC 12 6.28% $17,895
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 5.95% $9,771
    NEWREZ LLC 11 5.93% $16,601
    VILLAGE CAPITAL MORTGAGE 10 5.41% $9,167
    First Heritage Mortgage, LLC 10 5.84% $19,126
    Vellum Mortgage, Inc. 8 6.28% $19,745
    USAA Federal Savings Bank 8 6.34% $12,580
    LOANDEPOT.COM, LLC 8 5.50% $8,632
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 6.12% $23,798
    MUTUAL OF OMAHA MORTGAGE, INC. 5 5.90% $12,625
    United Bank 4 5.78% $13,286
    INTERCOASTAL MORTGAGE COMPANY 4 6.12% $14,256
    CMG MORTGAGE, INC. 4 6.19% $11,553
    PLANET HOME LENDING, LLC 4 5.93% $13,459
    THE MORTGAGE LINK, INC. 3 6.08% $31,844
    NBKC BANK 3 5.71% $19,672
    American Mortgage & Equity Consultants, Inc. 3 5.33% $12,823
    NFM, INC. 3 6.17% $13,490
    Sandy Spring Bank 3 5.79% $10,225
    BAY EQUITY LLC 3 6.21% $12,360
    GUARANTEED RATE AFFINITY, LLC 3 6.33% $10,535
    The Federal Savings Bank 3 6.33% $23,279
    Towne Bank 3 6.54% $21,878
    EMBRACE HOME LOANS, INC. 3 6.21% $25,188
    GUILD MORTGAGE COMPANY 2 6.06% $11,775
    Presidential Bank, FSB 2 5.94% $5,049
    First Federal Bank 2 5.88% $2,765
    Capital Bank 2 6.18% $18,996
    NVR Mortgage Finance, Inc. 2 6.63% $19,117
    MORIA DEVELOPMENT, INC. 2 6.06% $21,568
    Century Mortgage Company DBA Century Lending Company 2 6.38% $15,783
    Magnolia Bank 2 5.56% $32,744
    U.S. Bank 2 6.38% $19,624
    NEW DAY FINANCIAL, LLC 1 7.49% $26,449
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $900
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 5.63% $47,732
    American Security Mortgage Corp. 1 5.63% $31,348
    AMERISAVE MORTGAGE CORPORATION 1 4.75% $35,152
    Armed Forces Bank 1 5.75% $12,372
    Atlantic Union Bank 1 6.00% $50,137
    BROKER SOLUTIONS, INC. 1 5.75% $51,398
    CAPITAL CENTER, L.L.C. 1 7.00% $0
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $7,129
    Credence Funding Corporation 1 5.75% $1,413
    DAS Acquisition Company, LLC 1 6.25% $0
    DIRECT MORTGAGE LOANS, LLC 1 6.75% $17,597
    D. L. Evans Bank 1 6.13% $22,222
    Equity Prime Mortgage LLC 1 6.38% $8,791
    FIRST COMMUNITY MORTGAGE, INC. 1 6.13% $23,898
    First National Bank of Pennsylvania 1 5.50% $8,830
    GoPrime Mortgage, Inc. 1 6.75% $3,133
    HOMESIDE FINANCIAL, LLC 1 6.25% $12,508
    JAMS-01, INC. 1 5.75% $15,675
    JMAC LENDING, INC. 1 4.88% $16,164
    JPMorgan Chase Bank 1 6.00% $7,380
    Lakeview Community Capital, LLC 1 4.88% $11,647
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $4,675
    M&T Bank 1 6.50% $5,696
    AMERICAN FINANCIAL NETWORK, INC. 1 6.00% $9,051
    Paramount Residential Mortgage Group, Inc. 1 6.25% $37,386
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $9,554
    PHH Mortgage Corporation 1 4.88% $7,765
    PLAZA HOME MORTGAGE, INC. 1 6.75% $17,089
    Shore United Bank 1 5.75% $31,745
    Strong Home Mortgage, LLC 1 6.13% $12,310
    SWBC MORTGAGE CORPORATION 1 5.63% $1,459
    The Dart Bank 1 6.13% $22,409
    The Loan Store, Inc. 1 6.25% $10,323
    Truist 1 6.00% $12,712
    UNION HOME MORTGAGE CORP. 1 5.88% $10,887
    Wells Fargo Bank 1 6.50% $7,869
    WesBanco 1 6.75% $45,092

    The top District Of Columbia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 35 VA loans originated. Their average total fees are $10,933, which is $4,735 lower than the next largest lender, FIRST HOME MORTGAGE CORPORATION.

    The lowest fee District Of Columbia VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($9,167), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,771), GUARANTEED RATE, INC. ($10,849), NAVY FEDERAL CREDIT UNION ($10,870) and Mortgage Research Center, LLC ($10,933).

    The lowest rate District Of Columbia VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (5.41%), PENNYMAC LOAN SERVICES, LLC (5.44%), UNITED WHOLESALE MORTGAGE, LLC (5.71%), FREEDOM MORTGAGE CORPORATION (5.74%) and GUARANTEED RATE, INC. (5.80%).

    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.