Washington VA Loan Rates, Closing Costs & Stats

Washington

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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.

    Washington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Washington averaged 6.25% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

    Washington's average VA mortgage closing costs are $7,144.

    The average rate for the prior week (2023-01-20) was 6.29% and one month ago for the week of 2022-12-23, the average rate was 6.36%.

    The average rate one year ago was 3.95%.

    For refis of the same type during the week of 2023-01-27, the average rate was 6.04%.

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

    Washington 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 Washington level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    QUICKEN LOANS, LLC 2,968 2.41% $6,098
    FREEDOM MORTGAGE CORPORATION 2,909 2.41% $3,461
    Mortgage Research Center, LLC 2,641 2.78% $8,577
    CALIBER HOME LOANS, INC. 2,435 2.55% $7,905
    PENNYMAC LOAN SERVICES, LLC 2,074 2.34% $6,797
    GUILD MORTGAGE COMPANY 1,719 2.59% $7,326
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,470 2.91% $9,792
    UNITED WHOLESALE MORTGAGE, LLC 1,378 2.48% $7,362
    CROSSCOUNTRY MORTGAGE, LLC 1,286 2.87% $11,132
    NAVY FEDERAL CREDIT UNION 1,246 2.47% $6,705
    LAKEVIEW LOAN SERVICING, LLC 1,163 2.43% $2,709
    LOANDEPOT.COM, LLC 1,067 2.50% $6,475
    The Federal Savings Bank 751 2.51% $9,301
    HOMEBRIDGE FINANCIAL SERVICES, INC. 683 2.61% $9,241
    USAA Federal Savings Bank 678 2.87% $5,044
    NEW DAY FINANCIAL, LLC 662 2.79% $10,144
    HOME POINT FINANCIAL CORPORATION 632 2.41% $5,956
    Mr. Cooper ( Nationstar Mortgage ) 553 2.65% $4,779
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 530 3.20% $11,797
    ACADEMY MORTGAGE CORPORATION 521 2.78% $10,126
    MOVEMENT MORTGAGE, LLC 503 2.95% $8,362
    Wells Fargo Bank 491 2.50% $4,884
    AMERICAN PACIFIC MORTGAGE CORPORATION 388 2.87% $11,265
    BROKER SOLUTIONS, INC. 349 2.69% $8,441
    Umpqua Bank 326 2.70% $8,577
    NEWREZ LLC 317 2.54% $4,992
    VILLAGE CAPITAL MORTGAGE 305 2.40% $3,945
    FINANCE OF AMERICA MORTGAGE LLC 274 2.79% $9,836
    HomeStreet Bank 271 2.66% $8,123
    Paramount Residential Mortgage Group, Inc. 255 2.89% $9,171
    AMERICAN FINANCIAL NETWORK, INC. 248 2.57% $10,560
    BAY EQUITY LLC 247 2.81% $10,485
    NBKC BANK 245 2.48% $8,363
    PLANET HOME LENDING, LLC 207 2.48% $4,559
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 206 2.78% $10,653
    CORNERSTONE HOME LENDING, INC. 194 2.94% $10,812
    Flagstar Bank, FSB 193 2.70% $7,715
    Carrington Mortgage Services, LLC 192 2.88% $6,442
    PENTAGON FEDERAL CREDIT UNION 188 2.35% $3,898
    PREMIER MORTGAGE RESOURCES, L.L.C. 185 2.82% $11,326
    AMERISAVE MORTGAGE CORPORATION 180 2.57% $7,502
    SUN WEST MORTGAGE COMPANY, INC. 179 2.41% $4,829
    1st Security Bank of Washington 177 2.73% $9,544
    NATIONS DIRECT MORTGAGE, LLC 165 2.57% $7,678
    GUARANTEED RATE, INC. 158 2.54% $8,678
    ENVOY MORTGAGE, LTD 153 2.84% $9,989
    NP, Inc. 151 2.32% $4,626
    LENDUS, LLC 149 2.53% $8,202
    CMG MORTGAGE, INC. 148 2.70% $9,385
    AXIA FINANCIAL, LLC 148 2.84% $10,567
    DHI MORTGAGE COMPANY, LTD. 141 2.50% $9,482
    Lakeview Community Capital, LLC 140 2.42% $2,690
    LEADERONE FINANCIAL CORPORATION 136 2.77% $8,419
    Barrington Bank & Trust Company, N.A. 123 2.70% $7,018
    MUTUAL OF OMAHA MORTGAGE, INC. 115 2.59% $6,645
    SUMMIT FUNDING, INC. 113 3.10% $9,235
    North American Savings Bank, F.S.B. 113 2.38% $5,793
    PRIMELENDING, A PLAINSCAPITAL COMPANY 112 3.00% $11,072
    Banner Bank 107 2.42% $8,143
    Alaska USA Mortgage Company LLC 105 2.74% $7,649
    Bank of the Pacific 105 2.36% $6,273
    Alaska USA Federal Credit Union 105 2.74% $7,649
    PRIMARY RESIDENTIAL MORTGAGE, INC. 103 3.08% $9,931
    EAGLE HOME MORTGAGE, LLC 99 2.73% $10,171
    CELEBRITY HOME LOANS, LLC 92 3.01% $8,968
    BNC National Bank 87 2.32% $4,581
    SOVEREIGN LENDING GROUP INCORPORATED 84 2.54% $6,271
    First Guaranty Mortgage Corporation 81 2.51% $6,003
    CHURCHILL MORTGAGE CORPORATION 81 2.71% $7,661
    HOMESIDE FINANCIAL, LLC 80 2.79% $8,599
    First Home Bank 80 2.60% $8,023
    DIRECTORS MORTGAGE, INC. 80 2.84% $10,022
    PENRITH HOME LOANS LLC 79 2.72% $9,039
    Hometown Lenders, Inc. 77 2.82% $9,770
    NFM, INC. 74 2.98% $11,948
    MANN FINANCIAL INC. 73 3.03% $9,225
    Strong Home Mortgage, LLC 68 2.40% $6,291
    HOMEAMERICAN MORTGAGE CORPORATION 66 2.48% $5,029
    Sunflower Bank 65 2.81% $10,015
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 63 2.97% $12,143
    Victorian Finance, LLC 62 2.60% $11,782
    Willamette Valley Bank 61 2.87% $11,146
    Magnolia Bank 61 2.74% $10,498
    INSPIRE HOME LOANS INC. 60 2.84% $14,003
    MORTGAGE SOLUTIONS OF COLORADO, LLC 60 2.97% $10,923
    TJC Mortgage, Inc. 59 2.35% $6,437
    Mid-Continent Funding, Inc. 58 2.59% $9,268
    CHERRY CREEK MORTGAGE, LLC 54 2.53% $5,695
    Nations Lending Corporation 54 2.98% $10,527
    PRIORITY HOME LENDING, LLC 52 2.98% $9,693
    Commerce Home Mortgage, Inc. 51 2.72% $5,969
    First Federal Bank 51 3.20% $11,837
    GENEVA FINANCIAL, LLC 50 2.82% $9,133
    AMERICAN FINANCING CORPORATION 50 2.47% $6,021
    SUMMIT MORTGAGE CORPORATION 50 2.68% $7,697
    AMCAP MORTGAGE, LTD. 47 2.84% $7,030
    Low VA Rates, LLC 45 2.42% $7,564
    Wyndham Capital Mortgage, Inc. 45 2.37% $3,654
    U.S. Bank 44 2.74% $8,703
    InterContinental Capital Group, Inc 43 2.67% $7,715
    Wheatland Bank 43 2.98% $8,245
    NETWORK CAPITAL FUNDING CORPORATION 42 2.49% $3,763
    KS StateBank 42 2.39% $7,616
    KBHS HOME LOANS, LLC 41 2.66% $11,055
    Peoples Bank 40 2.56% $6,595
    Glacier Bank 39 2.71% $6,673
    MORTGAGE MASTER SERVICE CORPORATION 39 2.75% $8,143
    ACCELERATE MORTGAGE, LLC 38 2.27% $6,521
    Northpointe Bank 36 2.86% $8,523
    STEARNS LENDING, LLC 36 2.47% $7,556
    Armed Forces Bank 36 2.43% $5,736
    Plains Commerce Bank 35 2.43% $15,434
    AMERICAN FINANCIAL RESOURCES, INC. 34 2.83% $9,287
    First Mortgage Solutions, LLC 33 2.28% $5,887
    Sierra Pacific Mortgage Company, Inc. 33 2.73% $8,703
    CU HOME MORTGAGE SOLUTIONS, LLC 32 2.57% $5,660
    Washington Trust Bank 31 2.67% $4,594
    FIRST CONTINENTAL MORTGAGE, LTD. 31 2.98% $10,628
    Wallick & Volk, Inc. 30 3.04% $11,298
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 30 2.54% $7,526
    Bank of England 29 2.93% $9,781
    PLAZA HOME MORTGAGE, INC. 28 2.46% $5,356
    CONTOUR MORTGAGE CORPORATION 27 2.55% $7,950
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 27 2.88% $10,701
    Meridian Bank Corporation 27 2.38% $6,366
    Gateway First Bank 24 2.91% $6,636
    Goldwater Bank, N.A. 23 2.83% $10,116
    Amerifirst Financial, Inc. 23 3.08% $8,844
    LADERA LENDING, INC. 23 2.51% $6,197
    Prosperity Home Mortgage, LLC 22 2.68% $4,505
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 22 2.86% $8,094
    Columbia State Bank 22 2.63% $5,882
    LIBERTY HOME MORTGAGE CORPORATION 21 2.52% $5,440
    NUMERICA CREDIT UNION 21 2.70% $8,065
    SAMMAMISH MORTGAGE COMPANY 20 2.51% $5,873
    LAND HOME FINANCIAL SERVICES, INC. 20 2.77% $7,948
    LPMC, LLC 20 2.83% $8,221
    CITYWIDE HOME LOANS, LLC 19 2.56% $5,724
    SOUND 19 2.33% $3,262
    Truist 19 2.74% $2,735
    ZILLOW HOME LOANS, LLC 18 2.50% $8,039
    PACIFIC RESIDENTIAL MORTGAGE, LLC 18 2.86% $15,463
    GLOBAL 18 2.49% $2,349
    FIRST CENTENNIAL MORTGAGE CORPORATION 17 2.54% $5,386
    M&T Bank 17 2.85% $7,182
    TRISTAR FINANCE, INC. 17 2.43% $5,697
    DAS Acquisition Company, LLC 17 3.11% $20,683
    INTERNATIONAL CITY MORTGAGE, INC. 17 3.18% $11,338
    LOANPAL, LLC 17 2.38% $8,530
    KELLER MORTGAGE, LLC 17 2.62% $6,544
    Boeing Employees Credit Union 16 2.69% $7,383
    First Federal Savings and Loan Association of Port Angeles 15 2.93% $6,969
    WESTWOOD MORTGAGE, INC. 15 2.61% $7,961
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 14 3.12% $9,254
    BKCO MORTGAGE, LLC 14 3.03% $8,584
    South Pacific Financial Corporation 14 2.63% $10,286
    KeyBank 14 2.71% $4,585
    Paramount Bank 14 2.46% $8,088
    ON Q FINANCIAL, INC. 14 2.72% $13,803
    BELEM SERVICING LLC 13 2.37% $11,087
    First Federal Bank of Kansas City 13 2.47% $8,209
    First Savings Bank 13 2.51% $8,007
    Capital Bank 13 2.40% $7,105
    OCMBC, INC. 13 2.40% $5,617
    UNION HOME MORTGAGE CORP. 13 2.38% $7,806
    Heritage Bank 12 2.63% $5,505
    TOP FLITE FINANCIAL, INC. 12 2.83% $22,554
    Credence Funding Corporation 12 2.36% $4,006
    EVERETT FINANCIAL, INC. 12 2.79% $6,670
    PHH Mortgage Corporation 12 2.80% $7,833
    PULTE MORTGAGE LLC 12 2.77% $6,922
    Wolfe Financial, Inc 11 2.83% $11,768
    JPMorgan Chase Bank 11 2.76% $10,579
    FirstBank 11 2.35% $4,410
    INTERCAP LENDING INC. 11 2.38% $5,195
    S1L, Inc. 10 2.97% $8,248
    CANOPY MORTGAGE, LLC 10 2.68% $7,516
    First Midwest Bank 9 2.24% $3,061
    The Central Trust Bank 9 2.38% $5,583
    PREMIER LENDING, INC. 9 2.82% $6,479
    EMBRACE HOME LOANS, INC. 9 2.64% $2,588
    UNITED MORTGAGE CORP. 9 2.76% $13,913
    RANLIFE, INC. 8 2.84% $5,777
    Texana Bank 8 2.45% $11,269
    NBH Bank 8 2.47% $3,379
    Community First National Bank 8 2.44% $3,063
    KITSAP Credit Union 8 3.09% $6,520
    THRIVE MORTGAGE, LLC 8 3.14% $7,138
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 2.77% $12,196
    NOVA FINANCIAL & INVESTMENT CORPORATION 7 2.46% $4,391
    Florida Capital Bank 7 2.48% $4,482
    OnPoint Community Credit Union 7 3.00% $8,410
    MLD MORTGAGE INC. 7 2.79% $8,028
    WESTERN EXPRESS LENDING 7 2.57% $3,471
    LENOX FINANCIAL MORTGAGE CORPORATION 7 2.68% $5,525
    MUFG Union Bank 7 2.38% $3,776
    PNC Bank 7 3.14% $3,231
    GSF Mortgage Corporation 7 3.23% $2,380
    NATIONS RELIABLE LENDING, LLC 6 3.00% $9,234
    GUARANTEED RATE AFFINITY, LLC 6 2.27% $2,063
    IDAHO CENTRAL 6 2.77% $10,315
    Platinum Home Mortgage Corporation 6 2.96% $6,778
    GUARANTY HOME MORTGAGE CORPORATION 6 2.48% $6,334
    PANORAMA MORTGAGE GROUP, LLC 6 3.02% $11,529
    Shea Mortgage Inc. 6 2.60% $5,800
    Equity Prime Mortgage LLC 6 3.31% $10,247
    VAN DYK MORTGAGE CORPORATION 6 2.79% $7,837
    Servion, Inc. 5 3.03% $7,127
    AmeriHome Mortgage Company, LLC 5 2.85% $3,289
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 5 2.63% $4,613
    RELIANCE FIRST CAPITAL, LLC 5 2.65% $14,062
    VERITAS FUNDING, LLC 5 2.70% $12,397
    HOMESTEAD FUNDING CORP. 5 2.38% $2,211
    BAYSHORE MORTGAGE FUNDING, LLC 5 2.48% $4,110
    ALL WESTERN MORTGAGE, INC. 5 3.00% $7,964
    COLUMBIA COMMUNITY CREDIT UNION 5 2.55% $10,479
    Colonial Savings, F.A. 5 3.08% $4,192
    ONY GLO, INC. 5 2.25% $5,255
    SOUTHWEST STAGE FUNDING, LLC 5 2.98% $3,277
    MID AMERICA MORTGAGE, INC. 5 2.73% $2,771
    Watermark Capital, Inc. 5 2.43% $4,412
    JAMES B. NUTTER & COMPANY 4 2.25% $3,716
    First Interstate Bank 4 2.59% $4,198
    BEST CAPITAL FUNDING 4 2.47% $7,712
    V.I.P. MORTGAGE, INC. 4 2.75% $6,166
    ML Mortgage Corp. 4 3.00% $10,120
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 4 2.59% $3,675
    MASON MCDUFFIE MORTGAGE CORPORATION 4 2.81% $8,211
    PREMIA MORTGAGE, LLC 4 2.50% $6,915
    Citizens Bank 4 2.56% $10,295
    INTELLILOAN, INC. 4 2.62% $17,630
    U S WIDE FINANCIAL LLC 4 2.47% $2,146
    SECURITYNATIONAL MORTGAGE COMPANY 4 2.97% $6,144
    Presidential Bank, FSB 3 2.33% $4,871
    MEGASTAR FINANCIAL CORP. 3 2.38% $5,729
    MEMBER FIRST MORTGAGE, LLC 3 2.54% $6,718
    MICHIGAN MUTUAL, INC. 3 3.04% $8,435
    MORIA DEVELOPMENT, INC. 3 3.13% $19,620
    MORTGAGEONE, INC. 3 2.54% $9,031
    HORIZON 3 2.38% $13,089
    Hometown Equity Mortgage, LLC 3 3.21% $13,869
    HOMEOWNERS FINANCIAL GROUP USA, LLC 3 2.79% $10,400
    Austin Capital Bank SSB 3 3.42% $7,809
    NexBank 3 2.46% $21,899
    HOME FUNDING CORPORATION 3 2.54% $7,034
    Arvest Bank 3 2.50% $4,957
    OPEN MORTGAGE, LLC 3 2.71% $10,683
    Pacific Lending LLC 3 2.79% $4,033
    PARKSIDE LENDING, LLC 3 2.42% $3,840
    ARC HOME LLC 3 2.33% $5,390
    AmRes Corporation 3 2.50% $13,460
    FBC MORTGAGE, LLC 3 2.79% $22,729
    T2 FINANCIAL LLC 3 3.17% $5,079
    TBI MORTGAGE COMPANY 3 2.75% $4,777
    TIAA, FSB 3 2.54% $11,645
    EMM LOANS LLC 3 2.96% $8,364
    UNITED SECURITY FINANCIAL CORP 3 2.29% $5,644
    ALAMEDA MORTGAGE CORPORATION 3 2.50% $9,520
    Peoples Bank 2 3.13% $7,154
    Opportunity Bank of Montana 2 2.25% $1,846
    Ixonia Bank 2 2.31% $3,219
    CRESCENT MORTGAGE COMPANY 2 2.69% $2,786
    The Huntington National Bank 2 2.63% $6,165
    Neighborhood Loans, Inc. 2 2.63% $8,121
    Bank of America 2 3.38% $12,511
    NATIONWIDE MORTGAGE BANKERS, INC. 2 2.75% $2,935
    DRAPER AND KRAMER MORTGAGE CORP. 2 2.69% $1,869
    BECKAM FUNDING CORP. 2 3.44% $5,381
    IMPAC MORTGAGE CORP. 2 2.56% $8,805
    COMMUNITYAMERICA 2 2.75% $2,733
    DATA MORTGAGE, INC. 2 3.25% $20,612
    West Gate Bank 2 2.25% $3,513
    First State Bank of St. Charles, Missouri 2 2.50% $3,464
    RESIDENTIAL BANCORP. 2 3.06% $3,432
    RESIDENTIAL MORTGAGE, LLC 2 2.25% $17,451
    First Western Trust Bank 2 2.69% $14,191
    Ameris Bank 2 2.56% $14,560
    SWBC MORTGAGE CORPORATION 1 2.88% $3,928
    Legends Bank 1 2.13% $4,946
    JMJ FINANCIAL GROUP 1 3.00% $4,203
    NuVision Federal Credit Union 1 2.75% $3,080
    HighTechLending Inc 1 2.63% $10,547
    NORTHWEST COMMUNITY 1 2.75% $8,245
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 2.50% $0
    THE MORTGAGE COMPANY 1 2.88% $22,343
    The Union Bank Company 1 2.38% $11,328
    Cf Bank 1 2.38% $1,212
    LOANLEADERS OF AMERICA, INC. 1 2.75% $3,219
    Axos Bank 1 2.88% $3,787
    Home Mortgage Alliance Corp 1 2.38% $13,937
    TOWNE MORTGAGE COMPANY 1 2.63% $21,222
    Congressional Bank 1 2.63% $21,441
    Triumph Bank 1 2.25% $2,244
    VISION ONE MORTGAGE, INC. 1 2.75% $4,347
    AMERICAN ADVISORS GROUP 1 2.88% $3,798
    Zions Bancorporation, N.A. 1 2.38% $2,605
    First United Bank and Trust Company 1 2.75% $3,827
    CALCULATED RISK ANALYTICS LLC 1 2.50% $4,326
    EagleBank 1 2.25% $4,197
    DHA FINANCIAL, LLC 1 3.13% $14,939
    Independent Bank 1 2.50% $10,994
    Century Mortgage Company DBA Century Lending Company 1 3.00% $5,266
    Lend Smart Mortgage, LLC 1 2.25% $12,627
    Service Federal Credit Union 1 2.75% $3,316
    GET A RATE LLC 1 2.88% $1,823
    GoPrime Mortgage, Inc. 1 2.75% $11,837
    First Internet Bank of Indiana 1 2.25% $3,878
    Simmons Bank 1 3.25% $5,049
    SIRVA MORTGAGE, INC. 1 2.38% $3,072
    First Horizon Bank 1 3.63% $26,476
    FIRST COMMUNITY MORTGAGE, INC. 1 2.63% $5,068
    INLAND BANK & TRUST 1 3.00% $3,333
    Chambers Bank 1 2.50% $18,554
    SRE MORTGAGE ALLIANCE INC. 1 2.50% $2,543
    STARBOARD FINANCIAL MANAGEMENT, LLC 1 3.25% $18,910
    Financial Funding Solutions, Inc. 1 2.38% $6,270
    DIRECT MORTGAGE, CORP. 1 2.75% $30,612
    AMERICAN INTERNET MORTGAGE, INC. 1 2.50% $522
    Farmers & Stockmens Bank 1 2.75% $17,288
    Core Bank 1 2.13% $3,043
    OCEANSIDE MORTGAGE COMPANY 1 2.75% $3,773

    The top Washington VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 2,968 VA loans originated. Their average total fees are $6,098, which is $2,637 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Washington VA lenders (with over 10 loans originated) are GLOBAL ($2,349), Lakeview Community Capital, LLC ($2,690), LAKEVIEW LOAN SERVICING, LLC ($2,709), Truist ($2,735) and SOUND ($3,262).

    The lowest rate Washington VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.27%), First Mortgage Solutions, LLC (2.28%), BNC National Bank (2.32%), NP, Inc. (2.32%) and SOUND (2.33%).

    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.