Albany VA Loans
ALBANY-LEBANON, OR
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 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.
Albany's 103 lenders originated 958 VA
loans during 2021. The total origination value was $291,350,000, with an average VA loan value of
$304,123.
Albany VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Albany
averaged
5.38%
for the week of 2022-05-20, compared to the national average (all VA variants) of
5.143% for the same period.
The average rate for the prior week (2022-05-13) was
5.69% and
one month ago for the week of 2022-04-15, the
average rate was 4.95%.
The average rate one year ago was 2.94%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.46%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Albany VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Albany level.
Name |
# of Loans |
2021 Avg. 30yFix Rate |
2021 Avg. Total Fees |
CALIBER HOME LOANS, INC.
|
73
|
2.59%
|
$6,691
|
FREEDOM MORTGAGE CORPORATION
|
66
|
2.44%
|
$2,828
|
Mortgage Research Center, LLC
|
66
|
2.86%
|
$5,952
|
QUICKEN LOANS, LLC
|
52
|
2.47%
|
$4,651
|
PENNYMAC LOAN SERVICES, LLC
|
43
|
2.51%
|
$6,152
|
LOANDEPOT.COM, LLC
|
34
|
2.77%
|
$6,495
|
NATIONS DIRECT MORTGAGE, LLC
|
29
|
2.54%
|
$7,316
|
MOVEMENT MORTGAGE, LLC
|
25
|
2.88%
|
$7,454
|
NEW DAY FINANCIAL, LLC
|
24
|
2.76%
|
$7,830
|
LAKEVIEW LOAN SERVICING, LLC
|
22
|
2.56%
|
$2,947
|
GUILD MORTGAGE COMPANY
|
21
|
2.70%
|
$6,683
|
The Federal Savings Bank
|
21
|
2.56%
|
$12,944
|
PACIFIC RESIDENTIAL MORTGAGE, LLC
|
20
|
3.05%
|
$7,589
|
USAA Federal Savings Bank
|
17
|
2.74%
|
$4,727
|
SUMMIT FUNDING, INC.
|
17
|
3.23%
|
$11,212
|
Umpqua Bank
|
14
|
2.82%
|
$9,325
|
LPMC, LLC
|
14
|
2.57%
|
$5,793
|
UNITED WHOLESALE MORTGAGE, LLC
|
14
|
2.61%
|
$8,762
|
CROSSCOUNTRY MORTGAGE, LLC
|
13
|
2.63%
|
$11,372
|
VILLAGE CAPITAL & INVESTMENT LLC
|
12
|
2.39%
|
$2,880
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
12
|
2.58%
|
$6,956
|
NAVY FEDERAL CREDIT UNION
|
12
|
2.56%
|
$8,613
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
10
|
2.89%
|
$7,529
|
Wells Fargo Bank
|
10
|
2.48%
|
$3,955
|
Sierra Pacific Mortgage Company, Inc.
|
9
|
2.69%
|
$3,240
|
HOME POINT FINANCIAL CORPORATION
|
9
|
2.68%
|
$8,349
|
BROKER SOLUTIONS, INC.
|
9
|
2.74%
|
$7,937
|
DIRECTORS MORTGAGE, INC.
|
9
|
3.01%
|
$8,033
|
FINANCE OF AMERICA MORTGAGE LLC
|
8
|
2.92%
|
$6,326
|
MANN FINANCIAL INC.
|
8
|
2.95%
|
$9,398
|
Mr. Cooper ( Nationstar Mortgage )
|
8
|
2.91%
|
$4,524
|
ACADEMY MORTGAGE CORPORATION
|
8
|
3.31%
|
$11,793
|
GENEVA FINANCIAL, LLC
|
7
|
3.14%
|
$10,607
|
S1L, Inc.
|
7
|
2.94%
|
$13,070
|
STEARNS LENDING, LLC
|
6
|
2.54%
|
$5,260
|
NEWREZ LLC
|
6
|
2.48%
|
$4,813
|
Low VA Rates, LLC
|
5
|
2.35%
|
$7,621
|
AMERICAN FINANCING CORPORATION
|
5
|
2.33%
|
$9,073
|
CHURCHILL MORTGAGE CORPORATION
|
5
|
3.03%
|
$7,672
|
Carrington Mortgage Services, LLC
|
4
|
2.91%
|
$5,870
|
Commerce Home Mortgage, Inc.
|
4
|
2.81%
|
$7,516
|
PLANET HOME LENDING, LLC
|
4
|
2.63%
|
$4,590
|
CMG MORTGAGE, INC.
|
4
|
2.59%
|
$7,711
|
Willamette Valley Bank
|
3
|
2.75%
|
$4,728
|
ACCELERATE MORTGAGE, LLC
|
3
|
2.08%
|
$3,859
|
AMERICAN FINANCIAL NETWORK, INC.
|
3
|
2.33%
|
$6,513
|
AMERISAVE MORTGAGE CORPORATION
|
3
|
2.58%
|
$3,223
|
Barrington Bank & Trust Company, N.A.
|
3
|
2.46%
|
$7,156
|
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
|
3
|
2.71%
|
$9,005
|
CLEARPATH LENDING
|
3
|
2.25%
|
$5,178
|
Flagstar Bank, FSB
|
3
|
2.67%
|
$4,738
|
InterContinental Capital Group, Inc
|
3
|
2.25%
|
$4,554
|
SUN WEST MORTGAGE COMPANY, INC.
|
3
|
2.33%
|
$5,295
|
TJC Mortgage, Inc.
|
3
|
2.29%
|
$4,152
|
Nations Lending Corporation
|
2
|
2.44%
|
$9,350
|
HOMESIDE FINANCIAL, LLC
|
2
|
2.37%
|
$9,546
|
NP, Inc.
|
2
|
2.25%
|
$5,964
|
CENTRAL WILLAMETTE Credit Union
|
2
|
2.88%
|
$7,565
|
PREMIER MORTGAGE RESOURCES, L.L.C.
|
2
|
2.50%
|
$11,568
|
NBKC BANK
|
2
|
2.56%
|
$8,760
|
Prosperity Home Mortgage, LLC
|
2
|
2.69%
|
$11,849
|
First Guaranty Mortgage Corporation
|
2
|
2.50%
|
$6,794
|
AMERICAN FINANCIAL RESOURCES, INC.
|
2
|
2.75%
|
$6,080
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
2
|
2.56%
|
$11,827
|
BNC National Bank
|
2
|
2.31%
|
$2,737
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
2
|
3.06%
|
$6,443
|
U.S. Bank
|
2
|
2.38%
|
$7,484
|
Bank of England
|
2
|
2.38%
|
$5,123
|
ROUNDPOINT MORTGAGE SERVICING CORPORATION
|
2
|
2.75%
|
$14,304
|
Hometown Lenders, Inc.
|
2
|
3.19%
|
$17,058
|
PLAZA HOME MORTGAGE, INC.
|
1
|
2.88%
|
$8,923
|
Prime Choice Funding Inc.
|
1
|
2.38%
|
$16,007
|
EMBRACE HOME LOANS, INC.
|
1
|
2.88%
|
$14,780
|
RANLIFE, INC.
|
1
|
2.25%
|
$3,388
|
RELIANCE FIRST CAPITAL, LLC
|
1
|
2.88%
|
$6,812
|
Citizens Bank
|
1
|
3.00%
|
$11,264
|
CHERRY CREEK MORTGAGE, LLC
|
1
|
2.63%
|
$23,683
|
SOVEREIGN LENDING GROUP INCORPORATED
|
1
|
2.25%
|
$1,565
|
Century Mortgage Company DBA Century Lending Company
|
1
|
2.25%
|
$8,146
|
Summit Mortgage Corporation
|
1
|
2.50%
|
$9,263
|
SUMMIT MORTGAGE CORPORATION
|
1
|
2.25%
|
$1,631
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
1
|
3.75%
|
$4,314
|
CELEBRITY HOME LOANS, LLC
|
1
|
3.38%
|
$2,420
|
CANOPY MORTGAGE, LLC
|
1
|
2.25%
|
$3,112
|
BAYSHORE MORTGAGE FUNDING, LLC
|
1
|
2.63%
|
$2,599
|
LOANPAL, LLC
|
1
|
2.25%
|
$12,379
|
Magnolia Bank
|
1
|
3.63%
|
$23,895
|
LEADERONE FINANCIAL CORPORATION
|
1
|
2.38%
|
$3,227
|
INTERCAP LENDING INC.
|
1
|
3.00%
|
$4,212
|
MID AMERICA MORTGAGE, INC.
|
1
|
2.25%
|
$3,469
|
MORTGAGE EXPRESS, LLC
|
1
|
3.00%
|
$9,494
|
HomeStreet Bank
|
1
|
2.75%
|
$3,823
|
HOMEOWNERS FINANCIAL GROUP USA, LLC
|
1
|
3.00%
|
$20,702
|
GUARANTEED RATE, INC.
|
1
|
2.63%
|
$0
|
GSF Mortgage Corporation
|
1
|
3.38%
|
$775
|
First Mortgage Solutions, LLC
|
1
|
2.37%
|
$5,675
|
North American Savings Bank, F.S.B.
|
1
|
2.50%
|
$2,800
|
NORTHWEST COMMUNITY
|
1
|
2.88%
|
$13,151
|
ON Q FINANCIAL, INC.
|
1
|
2.88%
|
$5,689
|
Paramount Residential Mortgage Group, Inc.
|
1
|
2.75%
|
$5,233
|
PENTAGON FEDERAL CREDIT UNION
|
1
|
2.25%
|
$4,145
|
Plains Commerce Bank
|
1
|
2.25%
|
$2,143
|
EVERGREEN MONEYSOURCE MORTGAGE COMPANY
|
1
|
3.50%
|
$6,242
|
The top Albany VA lender as defined by loan originations is CALIBER HOME LOANS, INC., with
73 VA loans originated. Their average total fees are
$6,691, which is $3,863
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Albany VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($2,828), VILLAGE CAPITAL & INVESTMENT LLC ($2,880), LAKEVIEW LOAN SERVICING, LLC ($2,947), Wells Fargo Bank ($3,955) and QUICKEN LOANS, LLC ($4,651).
The lowest rate Albany VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC (2.39%), FREEDOM MORTGAGE CORPORATION (2.44%), QUICKEN LOANS, LLC (2.47%), Wells Fargo Bank (2.48%) and PENNYMAC LOAN SERVICES, LLC (2.51%).
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.