La Grande FHA Loan Rates, Closing Costs & Stats
La Grande, OR
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
La Grande's 21 lenders originated 49 FHA loans during 2024. The total origination value was $12,555,000, with an average FHA loan value of $256,224.
La Grande FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in La Grande
averaged
0.23%
for the week of 2025-06-20, compared to the national average (all FHA variants) of
0% for the same period.
La Grande's average FHA mortgage closing costs are $8,536.
The average rate for the prior week (2025-06-13) was
6.62% and
one month ago for the week of 2025-05-16, the
average rate was 6.88%.
The average rate one year ago was 6.93%.
For refis of the same type during the week of 2025-06-20, the average rate
was 0.1%.
La Grande FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the La Grande level.
Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 12 | 6.35% | $11,361 |
S1L, Inc. | 4 | 5.97% | $10,889 |
UNITED WHOLESALE MORTGAGE, LLC | 3 | 6.04% | $7,777 |
QUICKEN LOANS, LLC | 3 | 6.41% | $16,186 |
Flagstar Bank, FSB | 2 | 5.56% | $6,656 |
Century Mortgage Company DBA Century Lending Company | 2 | 6.63% | $8,272 |
LOANDEPOT.COM, LLC | 2 | 6.49% | $8,598 |
LAKEVIEW LOAN SERVICING, LLC | 2 | 6.69% | $8,725 |
M&T Bank | 1 | 6.25% | $9,373 |
NEWREZ LLC | 1 | 6.25% | $9,784 |
PENNYMAC LOAN SERVICES, LLC | 1 | 5.75% | $5,864 |
PLANET HOME LENDING, LLC | 1 | 5.75% | $15,394 |
Umpqua Bank | 1 | 7.00% | $7,353 |
GUILD MORTGAGE COMPANY | 1 | 7.00% | $17,479 |
AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.75% | $12,764 |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 6.00% | $8,140 |
Banner Bank | 1 | 5.75% | $8,505 |
BROKER SOLUTIONS, INC. | 1 | 7.25% | $7,207 |
Carrington Mortgage Services, LLC | 1 | 5.63% | $12,847 |
CROSSCOUNTRY MORTGAGE, LLC | 1 | 7.75% | $8,140 |
AMERICAN FINANCIAL NETWORK, INC. | 1 | 7.00% | $12,368 |
The top La Grande FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
12 FHA loans originated. Their average total fees are
$11,361, which is $472
higher than the next largest lender,
S1L, Inc..
The lowest fee La Grande FHA lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($11,361), .
The lowest rate La Grande FHA lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.35%), .
La Grande FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
LA GRANDE, OR | UNION | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
LA GRANDE, OR | UNION | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |