Washington VA Loan Rates, Closing Costs & Stats

Washington

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 0.13% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.43% and one month ago for the week of 2024-10-11, the average rate was 5.8%.

    The average rate one year ago was 7.09%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.6%.

    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.