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 -0.18% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Washington's average VA mortgage closing costs are $7,698.

    The average rate for the prior week (2023-11-17) was 6.77% and one month ago for the week of 2023-10-20, the average rate was 7.3%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.27%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 1,535 4.91% $10,176
    UNITED WHOLESALE MORTGAGE, LLC 1,061 4.15% $11,097
    QUICKEN LOANS, LLC 971 3.92% $13,567
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 822 4.75% $12,359
    CROSSCOUNTRY MORTGAGE, LLC 726 4.97% $13,989
    CALIBER HOME LOANS, INC. 699 4.48% $14,545
    FREEDOM MORTGAGE CORPORATION 691 3.93% $14,057
    NAVY FEDERAL CREDIT UNION 668 3.93% $9,478
    PENNYMAC LOAN SERVICES, LLC 529 3.33% $12,356
    GUILD MORTGAGE COMPANY 475 4.45% $13,361
    LOANDEPOT.COM, LLC 445 3.84% $13,642
    HOMEBRIDGE FINANCIAL SERVICES, INC. 348 4.56% $13,650
    The Federal Savings Bank 321 4.43% $18,598
    ACADEMY MORTGAGE CORPORATION 269 4.69% $14,848
    USAA Federal Savings Bank 266 4.38% $10,177
    MOVEMENT MORTGAGE, LLC 265 4.71% $13,097
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 257 4.90% $15,284
    NEW DAY FINANCIAL, LLC 203 4.80% $15,293
    AMERICAN PACIFIC MORTGAGE CORPORATION 195 4.81% $16,353
    Mr. Cooper ( Nationstar Mortgage ) 158 4.22% $12,886
    HOME POINT FINANCIAL CORPORATION 147 3.82% $12,653
    BROKER SOLUTIONS, INC. 134 4.72% $14,573
    CMG MORTGAGE, INC. 133 4.54% $12,035
    BAY EQUITY LLC 130 4.66% $13,735
    DHI MORTGAGE COMPANY, LTD. 130 4.04% $9,370
    AMERISAVE MORTGAGE CORPORATION 113 4.19% $16,174
    LAKEVIEW LOAN SERVICING, LLC 113 3.27% $6,004
    EAGLE HOME MORTGAGE, LLC 108 4.45% $11,699
    Paramount Residential Mortgage Group, Inc. 107 4.80% $12,670
    NBKC BANK 105 4.01% $12,865
    Flagstar Bank, FSB 105 4.44% $11,335
    FINANCE OF AMERICA MORTGAGE LLC 98 4.33% $12,946
    CORNERSTONE HOME LENDING, INC. 91 4.77% $12,833
    PREMIER MORTGAGE RESOURCES, L.L.C. 91 4.79% $16,918
    MORTGAGE SOLUTIONS OF COLORADO, LLC 88 5.14% $14,412
    CARDINAL FINANCIAL 87 4.49% $15,669
    NATIONS DIRECT MORTGAGE, LLC 87 4.19% $11,671
    AXIA FINANCIAL, LLC 84 4.77% $14,826
    Umpqua Bank 83 4.48% $13,520
    GUARANTEED RATE, INC. 81 4.54% $8,903
    ENVOY MORTGAGE, LTD 80 4.73% $11,017
    Wells Fargo Bank 79 3.95% $6,844
    HomeStreet Bank 76 4.35% $15,208
    HOMEAMERICAN MORTGAGE CORPORATION 75 3.75% $6,645
    Hometown Lenders, Inc. 70 4.80% $16,669
    PLANET HOME LENDING, LLC 69 3.96% $11,599
    INSPIRE HOME LOANS INC. 67 4.72% $19,245
    PRIMELENDING, A PLAINSCAPITAL COMPANY 64 4.81% $11,357
    NEWREZ LLC 63 4.50% $11,670
    1st Security Bank of Washington 62 4.68% $15,975
    PENTAGON FEDERAL CREDIT UNION 61 3.30% $9,306
    Sunflower Bank 60 4.59% $9,906
    NFM, INC. 59 4.73% $14,715
    Carrington Mortgage Services, LLC 58 4.51% $12,567
    Alaska USA Mortgage Company LLC 57 4.38% $11,186
    VILLAGE CAPITAL MORTGAGE 54 4.06% $14,763
    Armed Forces Bank 48 4.42% $10,121
    PRIMARY RESIDENTIAL MORTGAGE, INC. 48 4.92% $15,120
    HOMESIDE FINANCIAL, LLC 46 4.86% $13,297
    CHURCHILL MORTGAGE CORPORATION 46 4.97% $12,018
    Barrington Bank & Trust Company, N.A. 44 4.38% $12,163
    SUMMIT FUNDING, INC. 43 5.21% $10,438
    North American Savings Bank, F.S.B. 43 4.21% $10,592
    LEADERONE FINANCIAL CORPORATION 41 4.49% $10,290
    First Home Bank 40 4.29% $16,486
    Willamette Valley Bank 38 4.78% $12,256
    MUTUAL OF OMAHA MORTGAGE, INC. 38 4.44% $10,132
    Strong Home Mortgage, LLC 37 3.42% $12,002
    DIRECTORS MORTGAGE, INC. 37 4.79% $16,290
    MANN FINANCIAL INC. 36 4.78% $10,618
    PENRITH HOME LOANS LLC 32 4.79% $14,957
    Magnolia Bank 31 4.03% $16,577
    Mid-Continent Funding, Inc. 28 4.24% $15,032
    JPMorgan Chase Bank 25 4.41% $12,120
    SUN WEST MORTGAGE COMPANY, INC. 25 4.39% $12,927
    Austin Capital Bank SSB 24 5.18% $14,072
    PRIORITY HOME LENDING, LLC 24 4.68% $10,461
    Gateway First Bank 24 4.69% $11,301
    Nations Lending Corporation 24 4.71% $14,753
    EVERETT FINANCIAL, INC. 23 5.29% $8,411
    U.S. Bank 22 5.08% $10,333
    Victorian Finance, LLC 22 4.54% $13,320
    NETWORK CAPITAL FUNDING CORPORATION 20 4.32% $10,683
    Wheatland Bank 20 4.60% $10,420
    BNC National Bank 20 3.84% $11,650
    Sierra Pacific Mortgage Company, Inc. 20 4.20% $12,125
    AMERICAN FINANCIAL RESOURCES, INC. 20 4.57% $11,430
    Lakeview Community Capital, LLC 20 3.49% $6,546
    RESIDENTIAL BANCORP 18 4.45% $13,862
    CHERRY CREEK MORTGAGE, LLC 18 4.13% $3,562
    PREMIER LENDING, INC. 17 4.89% $13,797
    The Central Trust Bank 17 3.64% $7,774
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 17 4.63% $9,616
    Banner Bank 16 3.98% $19,395
    Northpointe Bank 16 4.40% $12,540
    SUMMIT MORTGAGE CORPORATION 16 3.86% $10,215
    LOANPAL, LLC 15 4.12% $14,331
    SAMMAMISH MORTGAGE COMPANY 15 4.43% $13,772
    S1L, Inc. 15 5.20% $13,191
    Plains Commerce Bank 15 3.65% $13,653
    AMERICAN FINANCING CORPORATION 15 3.63% $9,446
    Equity Prime Mortgage LLC 15 5.36% $12,598
    Boeing Employees Credit Union 15 5.13% $7,469
    GENEVA FINANCIAL, LLC 15 4.73% $12,449
    VERITAS FUNDING, LLC 14 4.53% $23,355
    Wyndham Capital Mortgage, Inc. 14 3.96% $6,113
    Columbia State Bank 14 3.65% $13,595
    KeyBank 14 3.47% $4,789
    GUARANTY HOME MORTGAGE CORPORATION 14 4.61% $14,505
    CITYWIDE HOME LOANS, LLC 14 5.11% $18,911
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 4.50% $14,063
    Wallick & Volk, Inc. 14 4.66% $11,623
    MLD MORTGAGE INC. 13 4.96% $11,669
    MORTGAGE EXPRESS, LLC 12 4.82% $11,146
    Glacier Bank 12 4.34% $8,814
    Washington Trust Bank 12 4.41% $7,221
    SOVEREIGN LENDING GROUP INCORPORATED 12 3.54% $11,102
    AMCAP MORTGAGE, LTD. 12 5.75% $11,019
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 12 4.52% $19,257
    Credence Funding Corporation 11 2.42% $5,988
    First Federal Bank 11 5.10% $18,184
    UNION HOME MORTGAGE CORP. 11 4.73% $12,482
    Bank of the Pacific 10 3.86% $14,126
    Low VA Rates, LLC 10 3.68% $16,094
    TJC Mortgage, Inc. 10 3.86% $15,357
    LADERA LENDING, INC. 10 3.98% $15,857
    CONTOUR MORTGAGE CORPORATION 10 4.15% $14,803
    Alaska USA Federal Credit Union 10 4.60% $7,319
    Prosperity Home Mortgage, LLC 10 5.06% $11,691
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 9 4.36% $15,357
    Goldwater Bank, N.A. 9 4.17% $13,780
    FIRST CONTINENTAL MORTGAGE, LTD. 9 4.21% $11,137
    Peoples Bank 9 4.32% $14,986
    PLAZA HOME MORTGAGE, INC. 9 4.21% $12,588
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 9 4.10% $10,137
    M&T Bank 9 3.57% $9,700
    KBHS HOME LOANS, LLC 9 4.05% $13,082
    T2 FINANCIAL LLC 8 5.11% $11,264
    First Guaranty Mortgage Corporation 8 4.08% $9,127
    NP, Inc. 8 2.58% $6,159
    ZILLOW HOME LOANS, LLC 8 4.22% $13,510
    PULTE MORTGAGE LLC 8 3.61% $13,253
    FIRST CENTENNIAL MORTGAGE CORPORATION 8 4.84% $4,524
    TRISTAR FINANCE, INC. 8 4.13% $10,636
    PREMIA MORTGAGE, LLC 7 4.28% $10,458
    Bank of England 7 4.57% $13,328
    DAS Acquisition Company, LLC 7 4.84% $15,869
    Servion, Inc. 7 4.32% $8,051
    Shea Mortgage Inc. 7 4.84% $3,154
    First Mortgage Solutions, LLC 6 3.10% $15,601
    NexBank 6 4.17% $5,292
    CANOPY MORTGAGE, LLC 6 5.00% $16,030
    Century Mortgage Company DBA Century Lending Company 6 4.19% $17,243
    ON Q FINANCIAL, INC. 6 3.54% $10,080
    MORTGAGE MASTER SERVICE CORPORATION 6 3.92% $9,952
    MEMBER FIRST MORTGAGE, LLC 6 4.88% $6,173
    INTERCAP LENDING INC. 6 3.75% $6,817
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 6 4.98% $15,249
    TOP FLITE FINANCIAL, INC. 5 4.93% $20,333
    Amerifirst Financial, Inc. 5 5.93% $5,480
    PACIFIC RESIDENTIAL MORTGAGE, LLC 5 5.53% $15,479
    Commerce Home Mortgage, Inc. 5 3.33% $13,946
    Cornerstone First Mortgage, Inc 5 5.28% $16,389
    South Pacific Financial Corporation 5 4.05% $15,955
    GUARANTEED RATE AFFINITY, LLC 5 4.48% $8,142
    RELIANCE FIRST CAPITAL, LLC 5 2.98% $12,948
    NUMERICA CREDIT UNION 5 6.03% $13,936
    SeaTrust Mortgage Company 4 7.00% $12,358
    SIRVA MORTGAGE, INC. 4 5.03% $6,943
    SECURITYNATIONAL MORTGAGE COMPANY 4 4.44% $28,648
    HomePromise Corporation 4 6.38% $38,197
    RANLIFE, INC. 4 4.28% $13,113
    Ixonia Bank 4 6.31% $15,960
    BELEM SERVICING LLC 4 3.22% $12,123
    ML Mortgage Corp. 4 3.94% $21,513
    SOUND 4 3.16% $8,977
    Waterstone Mortgage Corporation 4 4.50% $9,170
    FirstBank 4 2.87% $5,163
    First Savings Bank 3 3.42% $11,953
    First Interstate Bank 3 4.08% $3,965
    LPMC, LLC 3 4.00% $11,613
    First Federal Savings and Loan Association of Port Angeles 3 3.92% $6,939
    DRAPER AND KRAMER MORTGAGE CORP. 3 3.92% $14,004
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 3 5.75% $16,600
    EMBRACE HOME LOANS, INC. 3 4.50% $9,133
    EMM LOANS LLC 3 4.54% $12,666
    MASON MCDUFFIE MORTGAGE CORPORATION 3 5.54% $13,806
    NBH Bank 3 5.33% $14,013
    HORIZON 3 4.75% $9,123
    UNITED MORTGAGE CORP 3 4.08% $13,473
    HOMEOWNERS FINANCIAL GROUP USA, LLC 3 5.33% $17,266
    Truist 3 4.88% $5,936
    MORIA DEVELOPMENT, INC. 3 5.79% $5,666
    OnPoint Community Credit Union 3 4.75% $11,155
    THRIVE MORTGAGE, LLC 3 4.63% $17,329
    Meridian Bank Corporation 3 3.67% $10,492
    Colonial Savings, F.A. 3 4.25% $12,383
    WESTWOOD MORTGAGE, INC. 3 3.79% $12,864
    Summit Mortgage Corporation 3 4.62% $16,547
    PHH Mortgage Corporation 3 4.17% $11,507
    CLEARPATH LENDING 2 4.88% $14,353
    MICHIGAN MUTUAL, INC. 2 5.25% $8,242
    LIBERTY HOME MORTGAGE CORPORATION 2 3.06% $13,113
    MORTGAGE LENDING GROUP LLC 2 5.06% $5,449
    MORTGAGEONE, INC. 2 5.25% $2,056
    LENOX FINANCIAL MORTGAGE CORPORATION 2 4.44% $20,493
    LAND HOME FINANCIAL SERVICES, INC. 2 3.87% $14,467
    MOUNTAIN AMERICA 2 5.13% $11,700
    KITSAP Credit Union 2 5.69% $18,395
    KELLER MORTGAGE, LLC 2 3.31% $3,710
    MUFG Union Bank 2 5.13% $24,013
    JAMES B. NUTTER & COMPANY 2 4.50% $12,286
    IDAHO CENTRAL 2 5.25% $6,373
    NOVA FINANCIAL & INVESTMENT CORPORATION 2 6.06% $19,636
    Franklin Loan Corporation 2 4.75% $14,494
    PENINSULA COMMUNITY 2 5.81% $9,463
    PNC Bank 2 5.88% $10,506
    RESIDENTIAL MORTGAGE, LLC 2 4.06% $12,487
    Academy Bank 2 4.75% $7,391
    SOUTHWEST STAGE FUNDING, LLC 2 5.25% $9,948
    CU HOME MORTGAGE SOLUTIONS, LLC 2 4.25% $13,956
    CALCON MUTUAL MORTGAGE LLC 2 6.19% $19,567
    BKCO MORTGAGE, LLC 2 3.43% $5,674
    V.I.P. MORTGAGE, INC. 2 4.63% $13,366
    Bank of America 2 2.94% $6,022
    West Town Bank & Trust 2 4.00% $11,938
    AMERICAN ADVISORS GROUP 2 3.25% $12,167
    Zions Bank 1 5.00% $12,081
    DHA FINANCIAL, LLC 1 2.50% $6,502
    First Internet Bank of Indiana 1 4.63% $2,211
    Platinum Home Mortgage Corporation 1 3.75% $17,857
    First United Bank and Trust Company 1 4.88% $3,529
    Jonah Bank of Wyoming 1 2.75% $9,410
    Loan Simple, Inc. 1 4.63% $9,388
    STEARNS LENDING, LLC 1 2.88% $3,918
    CRESCENT MORTGAGE COMPANY 1 4.75% $1,565
    First Western Trust Bank 1 5.25% $13,869
    Florida Capital Bank 1 4.75% $10,625
    Core Bank 1 2.88% $4,601
    Community First National Bank 1 5.75% $3,495
    Paramount Bank 1 4.50% $11,074
    SWBC MORTGAGE CORPORATION 1 3.63% $3,432
    Colten Mortgage, LLC 1 5.00% $14,904
    PANORAMA MORTGAGE GROUP, LLC 1 4.50% $14,775
    Pacific Lending LLC 1 5.13% $9,446
    ONY GLO, INC. 1 2.25% $23,007
    Chambers Bank 1 3.63% $13,013
    OCMBC, INC. 1 3.25% $3,328
    TOWNE MORTGAGE COMPANY 1 4.50% $19,499
    GESA 1 3.75% $18,398
    Heritage Bank 1 4.50% $2,378
    Capital Bank 1 2.50% $3,398
    HOME FUNDING CORPORATION 1 5.50% $11,225
    United Fidelity Funding Corp. 1 5.88% $7,763
    Network Funding, L.P. 1 4.75% $14,308
    MORTGAGE ACCESS CORP. 1 6.63% $2,614
    BOKF 1 3.38% $13,053
    AMERICAN INTERNET MORTGAGE, INC. 1 4.38% $16,429
    U S WIDE FINANCIAL LLC 1 2.50% $17,154
    BETTER MORTGAGE CORPORATION 1 2.75% $16,299
    NATIONS RELIABLE LENDING, LLC 1 3.75% $36,837
    BECKAM FUNDING CORP. 1 6.25% $17,324
    MID AMERICA MORTGAGE, INC. 1 4.63% $2,675
    ALAMEDA MORTGAGE CORPORATION 1 2.75% $14,506
    Arvest Bank 1 3.50% $3,260
    Evolve Bank & Trust 1 7.25% $13,088
    Farmers & Stockmens Bank 1 4.75% $4,523
    Watermark Capital, Inc. 1 2.38% $10,258
    FIDELITY BANK 1 4.75% $15,083
    First Bank 1 5.25% $23,412
    DIGNIFIED HOME LOANS, LLC 1 2.25% $3,325
    Presidential Bank, FSB 1 4.75% $11,429
    First Citizens National Bank 1 5.63% $1,798
    First Federal Bank of Kansas City 1 2.75% $3,516
    JMJ FINANCIAL GROUP 1 5.25% $4,280

    The top Washington VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,535 VA loans originated. Their average total fees are $10,176, which is $921 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Washington VA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($3,562), KeyBank ($4,789), Credence Funding Corporation ($5,988), LAKEVIEW LOAN SERVICING, LLC ($6,004) and Wyndham Capital Mortgage, Inc. ($6,113).

    The lowest rate Washington VA lenders (with over 10 loans originated) are Credence Funding Corporation (2.42%), LAKEVIEW LOAN SERVICING, LLC (3.27%), PENTAGON FEDERAL CREDIT UNION (3.30%), PENNYMAC LOAN SERVICES, LLC (3.33%) and Strong Home Mortgage, LLC (3.42%).

    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.