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 6.25% 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.