Washington VA Loan Rates, Closing Costs & Stats

Washington

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 6.89% for the week of 2024-05-24, compared to the national average (all VA variants) of 6.567% for the same period.

Washington's average VA mortgage closing costs are $7,987.

The average rate for the prior week (2024-05-17) was 6.82% and one month ago for the week of 2024-04-19, the average rate was 6.69%.

The average rate one year ago was 6.46%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.97%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 1,012 6.59% $9,287
UNITED WHOLESALE MORTGAGE, LLC 882 6.12% $11,510
QUICKEN LOANS, LLC 509 6.06% $15,025
NAVY FEDERAL CREDIT UNION 417 5.74% $8,690
CROSSCOUNTRY MORTGAGE, LLC 356 6.54% $11,673
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 348 6.48% $10,401
GUILD MORTGAGE COMPANY 326 6.27% $15,164
MOVEMENT MORTGAGE, LLC 280 6.58% $14,925
CMG MORTGAGE, INC. 228 6.34% $16,138
FREEDOM MORTGAGE CORPORATION 202 6.39% $20,610
LOANDEPOT.COM, LLC 190 5.82% $15,922
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 167 6.64% $14,318
PENNYMAC LOAN SERVICES, LLC 166 5.63% $12,540
ACADEMY MORTGAGE CORPORATION 164 6.57% $13,703
AMERICAN PACIFIC MORTGAGE CORPORATION 162 6.43% $16,451
The Federal Savings Bank 161 6.18% $20,575
DHI MORTGAGE COMPANY, LTD. 151 5.54% $9,649
EAGLE HOME MORTGAGE, LLC 140 5.79% $12,089
USAA Federal Savings Bank 137 6.19% $11,260
NEWREZ LLC 108 6.39% $14,111
NBKC BANK 107 5.74% $12,092
CALIBER HOME LOANS, INC. 101 5.90% $14,622
INSPIRE HOME LOANS INC. 100 5.47% $13,758
BAY EQUITY LLC 97 6.31% $11,584
PREMIER MORTGAGE RESOURCES, L.L.C. 96 6.37% $18,939
HOMEBRIDGE FINANCIAL SERVICES, INC. 93 6.01% $10,723
GUARANTEED RATE, INC. 92 6.14% $10,290
CORNERSTONE HOME LENDING, INC. 83 6.36% $12,454
CARDINAL FINANCIAL 80 6.52% $18,955
BROKER SOLUTIONS, INC. 79 6.33% $16,733
NEW DAY FINANCIAL, LLC 73 7.32% $14,776
Paramount Residential Mortgage Group, Inc. 67 6.49% $12,684
ENVOY MORTGAGE, LTD 66 6.31% $11,665
Sunflower Bank 66 6.13% $13,731
SeaTrust Mortgage Company 63 6.35% $17,400
MORTGAGE SOLUTIONS OF COLORADO, LLC 57 7.15% $8,599
NFM, INC. 53 6.38% $16,120
1st Security Bank of Washington 52 6.15% $17,294
Mr. Cooper ( Nationstar Mortgage ) 50 6.11% $19,237
T2 FINANCIAL LLC 49 6.54% $12,596
HOMEAMERICAN MORTGAGE CORPORATION 48 5.28% $7,937
Flagstar Bank, FSB 46 6.40% $12,896
American Mortgage & Equity Consultants, Inc. 45 6.47% $11,657
HomeStreet Bank 44 6.18% $14,098
VILLAGE CAPITAL MORTGAGE 43 6.18% $14,465
PRIMELENDING, A PLAINSCAPITAL COMPANY 41 6.36% $11,350
Wells Fargo Bank 41 5.77% $11,006
Ixonia Bank 40 6.67% $17,561
AMERISAVE MORTGAGE CORPORATION 40 5.78% $18,711
PENTAGON FEDERAL CREDIT UNION 38 5.68% $11,761
MUTUAL OF OMAHA MORTGAGE, INC. 36 6.13% $14,690
NOVA FINANCIAL & INVESTMENT CORPORATION 34 6.50% $13,356
Equity Prime Mortgage LLC 34 6.65% $11,419
Alaska USA Federal Credit Union 34 6.35% $12,484
NATIONS DIRECT MORTGAGE, LLC 33 6.45% $11,645
U.S. Bank 31 5.92% $10,699
AMERICAN FINANCIAL NETWORK, INC. 31 6.13% $13,743
PENRITH HOME LOANS LLC 29 6.39% $14,989
SUMMIT FUNDING, INC. 29 6.67% $8,299
PLANET HOME LENDING, LLC 28 5.49% $13,691
MANN FINANCIAL INC. 26 6.31% $10,967
CHURCHILL MORTGAGE CORPORATION 24 6.26% $15,743
Barrington Bank & Trust Company, N.A. 23 6.32% $10,072
MLD MORTGAGE INC. 22 6.45% $13,424
LEADERONE FINANCIAL CORPORATION 22 6.54% $14,788
KBHS HOME LOANS, LLC 21 5.52% $13,640
Prosperity Home Mortgage, LLC 21 6.05% $15,459
ARK-LA-TEX FINANCIAL SERVICES, LLC. 20 6.46% $12,174
Willamette Valley Bank 19 6.39% $13,701
Boeing Employees Credit Union 19 6.61% $7,299
Umpqua Bank 19 6.34% $11,699
AXIA FINANCIAL, LLC 19 6.22% $10,679
SAMMAMISH MORTGAGE COMPANY 19 5.69% $14,370
Century Mortgage Company DBA Century Lending Company 19 6.43% $12,337
MASON MCDUFFIE MORTGAGE CORPORATION 19 6.46% $16,672
GENEVA FINANCIAL, LLC 19 6.53% $18,535
SUN WEST MORTGAGE COMPANY, INC. 18 6.36% $12,553
Armed Forces Bank 18 5.99% $14,814
PRIMARY RESIDENTIAL MORTGAGE, INC. 18 6.39% $13,293
Plains Commerce Bank 18 6.28% $10,796
Banner Bank 18 6.28% $12,508
GUARANTEED RATE AFFINITY, LLC 17 6.25% $11,697
LAKEVIEW LOAN SERVICING, LLC 16 6.09% $14,627
CANOPY MORTGAGE, LLC 16 6.71% $14,803
SUMMIT MORTGAGE CORPORATION 15 5.97% $19,921
Sierra Pacific Mortgage Company, Inc. 13 6.08% $19,770
PULTE MORTGAGE LLC 12 5.45% $11,779
HOMESIDE FINANCIAL, LLC 12 6.68% $15,002
Wheatland Bank 12 6.24% $11,151
JPMorgan Chase Bank 11 6.44% $5,780
LOANPAL, LLC 11 5.52% $21,895
Northpointe Bank 11 6.18% $9,966
S1L, Inc. 11 6.51% $12,217
Mid-Continent Funding, Inc. 10 6.39% $12,928
DIRECTORS MORTGAGE, INC. 10 6.29% $17,012
VERITAS FUNDING, LLC 10 6.25% $21,473
BNC National Bank 9 5.47% $13,852
UNION HOME MORTGAGE CORP. 9 6.76% $14,524
PREMIA MORTGAGE, LLC 9 6.09% $9,289
DAS Acquisition Company, LLC 9 6.99% $7,151
MORTGAGE EXPRESS, LLC 9 6.51% $11,258
ON Q FINANCIAL, INC. 9 6.73% $5,527
Glacier Bank 9 6.33% $14,237
NETWORK CAPITAL FUNDING CORPORATION 9 6.01% $13,092
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 8 6.08% $17,447
AmeriHome Mortgage Company, LLC 8 6.19% $11,507
EVERETT FINANCIAL, INC. 8 6.13% $14,301
WASHINGTON STATE EMPLOYEES Credit Union 8 5.84% $6,604
PRIORITY HOME LENDING, LLC 8 6.34% $12,286
Magnolia Bank 8 6.03% $17,240
AMCAP MORTGAGE, LTD. 7 6.50% $8,813
LADERA LENDING, INC. 7 6.46% $13,507
AMERICAN FINANCIAL RESOURCES, INC. 6 6.38% $14,582
MICHIGAN MUTUAL, INC. 6 5.52% $10,070
Ameris Bank 6 5.96% $9,315
Strong Home Mortgage, LLC 5 5.20% $8,463
The Central Trust Bank 5 5.38% $13,442
SOUND 5 5.85% $10,970
First Federal Savings and Loan Association of Port Angeles 5 6.03% $9,198
First Federal Bank 5 6.03% $7,936
FIRST CONTINENTAL MORTGAGE, LTD. 5 6.38% $9,213
NUMERICA CREDIT UNION 5 6.48% $7,003
PLAZA HOME MORTGAGE, INC. 5 6.50% $13,108
CALCON MUTUAL MORTGAGE LLC 5 6.83% $9,351
CONTOUR MORTGAGE CORPORATION 5 6.10% $16,066
The Loan Store, Inc. 4 6.19% $12,972
PREMIER LENDING, INC. 4 6.81% $24,925
Credence Funding Corporation 4 6.06% $4,804
Wallick & Volk, Inc. 4 6.50% $12,097
IDAHO CENTRAL 4 6.03% $9,858
SOVEREIGN LENDING GROUP INCORPORATED 4 5.66% $25,076
MORTGAGEONE, INC. 4 7.50% $11,180
NexBank 4 6.25% $10,608
North American Savings Bank, F.S.B. 4 5.22% $7,845
Cornerstone First Mortgage, Inc 4 7.13% $10,691
KITSAP Credit Union 3 5.96% $15,622
SOUTHWEST STAGE FUNDING, LLC 3 6.79% $12,739
Nations Lending Corporation 3 6.17% $10,561
GUARANTY HOME MORTGAGE CORPORATION 3 5.92% $10,502
Bank of England 3 6.08% $5,710
GoPrime Mortgage, Inc. 3 5.88% $16,217
Golden Empire Mortgage, Inc. 3 6.63% $9,801
Community First National Bank 3 6.71% $7,300
Gateway First Bank 3 6.38% $6,229
TRISTAR FINANCE, INC. 3 6.04% $27,231
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 5.83% $9,373
Peoples Bank 3 6.00% $7,025
First Western Trust Bank 3 6.17% $6,442
AMERICAN FINANCING CORPORATION 3 5.96% $6,482
First Savings Bank 3 5.33% $14,920
V.I.P. MORTGAGE, INC. 3 6.00% $12,722
Farmers Bank & Trust 3 5.33% $21,277
Washington Trust Bank 3 6.75% $9,996
CHERRY CREEK MORTGAGE, LLC 3 5.67% $5,673
PACIFIC RESIDENTIAL MORTGAGE, LLC 3 6.54% $12,846
LPMC, LLC 3 6.58% $7,211
Carrington Mortgage Services, LLC 3 5.29% $4,243
Lakeview Community Capital, LLC 3 5.92% $7,290
RESIDENTIAL BANCORP 2 5.50% $17,347
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.25% $9,157
DIGNIFIED HOME LOANS, LLC 2 6.50% $2,492
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.75% $7,778
Keystone Funding, Inc. 2 5.81% $11,859
LAND HOME FINANCIAL SERVICES, INC. 2 7.00% $12,196
MEMBER FIRST MORTGAGE, LLC 2 6.69% $4,975
MOUNTAIN WEST FINANCIAL, INC. 2 6.00% $10,665
Neighborhood Loans, Inc. 2 6.88% $13,433
America's Credit Union 2 6.69% $7,336
OnPoint Community Credit Union 2 6.31% $12,015
PHH Mortgage Corporation 2 6.50% $11,574
RELIANCE FIRST CAPITAL, LLC 2 6.06% $15,051
RESIDENTIAL MORTGAGE, LLC 2 5.87% $12,967
SIRVA MORTGAGE, INC. 2 6.38% $9,980
South Pacific Financial Corporation 2 5.88% $8,797
Zions Bank 2 5.81% $7,368
Academy Bank 2 6.44% $3,475
NBH Bank 1 6.49% $16,684
NATIONS RELIABLE LENDING, LLC 1 6.75% $8,139
AmRes Corporation 1 7.25% $19,136
RANLIFE, INC. 1 7.13% $7,619
Waterstone Mortgage Corporation 1 7.13% $10,427
Renasant Bank 1 6.13% $3,178
Centennial Bank 1 6.13% $20,175
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.13% $12,337
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.63% $13,711
ROYAL UNITED MORTGAGE LLC 1 6.13% $17,971
MORTGAGE ACCESS CORP. 1 6.63% $14,453
MID AMERICA MORTGAGE, INC. 1 6.75% $5,210
Meridian Bank Corporation 1 5.75% $17,076
Servion, Inc. 1 7.50% $2,425
KeyBank 1 6.38% $8,160
CRESCENT MORTGAGE COMPANY 1 6.75% $6,258
KELLER MORTGAGE, LLC 1 5.63% $15,568
Sound Community Bank 1 6.75% $6,258
COMMUNITYAMERICA 1 6.88% $2,758
JMAC LENDING, INC. 1 5.50% $23,441
INTERNATIONAL CITY MORTGAGE, INC. 1 7.13% $4,092
Stifel Bank and Trust 1 5.75% $14,965
INFINITY EQUITY GROUP, INC. 1 5.75% $16,168
SUCCESS MORTGAGE PARTNERS, INC. 1 7.50% $22,303
HORIZON 1 6.25% $6,475
Summit Mortgage Corporation 1 5.75% $18,667
Hometown Equity Mortgage, LLC 1 6.25% $22,576
ZILLOW HOME LOANS, LLC 1 6.25% $19,015
HomePromise Corporation 1 7.00% $1,817
Heritage Bank 1 5.50% $15,094
TBI MORTGAGE COMPANY 1 6.75% $8,326
Bank of America 1 6.38% $5,772
GSF Mortgage Corporation 1 5.38% $15,752
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.50% $10,059
TJC Mortgage, Inc. 1 5.75% $9,864
TOP FLITE FINANCIAL, INC. 1 7.75% $13,525
Bank of Idaho 1 7.13% $10,099
Franklin Loan Corporation 1 6.63% $13,763
First Internet Bank of Indiana 1 5.00% $10,179
First Horizon Bank 1 6.25% $11,475
CITYWIDE HOME LOANS, LLC 1 5.75% $7,305
FIRST CENTENNIAL MORTGAGE CORPORATION 1 7.13% $3,194
First Bank 1 7.00% $5,638
Fifth Third Bank 1 6.00% $2,838
FIDELITY BANK 1 5.50% $14,328
Evolve Bank & Trust 1 6.25% $0
EMBRACE HOME LOANS, INC. 1 5.99% $30,717
BAY-VALLEY MORTGAGE GROUP 1 6.63% $15,152
Watermark Capital, Inc. 1 5.50% $4,005
POINT Mortgage 1 7.25% $11,044
PENINSULA COMMUNITY 1 6.63% $7,086
Presidential Bank, FSB 1 6.50% $14,650
ONY GLO, INC. 1 7.25% $25,507
Old National Bank 1 5.25% $3,071
OCMBC, INC. 1 6.25% $28,150

The top Washington VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,012 VA loans originated. Their average total fees are $9,287, which is $2,223 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Washington VA lenders (with over 10 loans originated) are JPMorgan Chase Bank ($5,780), Boeing Employees Credit Union ($7,299), HOMEAMERICAN MORTGAGE CORPORATION ($7,937), SUMMIT FUNDING, INC. ($8,299) and MORTGAGE SOLUTIONS OF COLORADO, LLC ($8,599).

The lowest rate Washington VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (5.28%), PULTE MORTGAGE LLC (5.45%), INSPIRE HOME LOANS INC. (5.47%), PLANET HOME LENDING, LLC (5.49%) and LOANPAL, LLC (5.52%).

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.