Albany VA Loan Rates, Closing Costs & Stats

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 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.

Albany's 54 lenders originated 263 VA loans during 2024. The total origination value was $106,115,000, with an average VA loan value of $403,479.

Albany VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Albany averaged 0.09% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

Albany's average VA mortgage closing costs are $7,095.

The average rate for the prior week (2025-06-27) was 6.42% and one month ago for the week of 2025-05-30, the average rate was 6.95%.

The average rate one year ago was 6.97%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.18%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Albany level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 36 5.75% $9,469
Mortgage Research Center, LLC 30 6.22% $5,071
FREEDOM MORTGAGE CORPORATION 21 5.93% $9,433
QUICKEN LOANS, LLC 14 6.00% $13,480
GUILD MORTGAGE COMPANY 12 5.92% $14,313
NATIONS DIRECT MORTGAGE, LLC 9 6.46% $7,704
NEWREZ LLC 8 5.97% $13,621
EAGLE HOME MORTGAGE, LLC 8 5.56% $4,898
MOVEMENT MORTGAGE, LLC 7 6.50% $8,573
PENNYMAC LOAN SERVICES, LLC 7 5.73% $13,594
NAVY FEDERAL CREDIT UNION 6 5.96% $2,923
USAA Federal Savings Bank 5 6.33% $6,472
VILLAGE CAPITAL MORTGAGE 5 5.55% $10,653
S1L, Inc. 5 5.93% $10,367
NEW DAY FINANCIAL, LLC 5 6.92% $9,691
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.16% $12,644
PACIFIC RESIDENTIAL MORTGAGE, LLC 4 6.41% $12,854
SUMMIT FUNDING, INC. 4 5.69% $16,894
LAKEVIEW LOAN SERVICING, LLC 3 6.13% $5,554
Umpqua Bank 3 6.46% $8,402
ENVOY MORTGAGE, LTD 3 5.96% $7,694
LOANPAL, LLC 3 5.46% $15,947
CMG MORTGAGE, INC. 3 5.88% $10,314
LPMC, LLC 2 5.94% $11,426
Magnolia Bank 2 5.19% $17,501
CHURCHILL MORTGAGE CORPORATION 2 6.25% $16,607
MORTGAGE EXPRESS, LLC 2 5.75% $12,728
SUN WEST MORTGAGE COMPANY, INC. 2 6.38% $15,872
Sierra Pacific Mortgage Company, Inc. 2 6.31% $9,765
PLAZA HOME MORTGAGE, INC. 2 6.19% $30,220
BROKER SOLUTIONS, INC. 2 6.50% $7,910
Mr. Cooper ( Nationstar Mortgage ) 2 6.00% $10,149
Willamette Valley Bank 1 6.25% $2,914
BAY EQUITY LLC 1 6.25% $22,405
CALCON MUTUAL MORTGAGE LLC 1 4.88% $7
Carrington Mortgage Services, LLC 1 5.63% $13,983
Century Mortgage Company DBA Century Lending Company 1 6.13% $5,161
DAS Acquisition Company, LLC 1 6.13% $7,512
DIRECTORS MORTGAGE, INC. 1 5.88% $14,597
Equity Prime Mortgage LLC 1 5.88% $12,816
Flagstar Bank, FSB 1 5.49% $3,028
GUARANTEED RATE, INC. 1 5.98% $5,830
HomePromise Corporation 1 7.88% $825
KeyBank 1 6.00% $3,538
LOANDEPOT.COM, LLC 1 6.75% $23,459
MASON MCDUFFIE MORTGAGE CORPORATION 1 5.75% $5,962
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $3,469
RELIANCE FIRST CAPITAL, LLC 1 6.38% $2,381
SUMMIT MORTGAGE CORPORATION 1 5.75% $4,869
Sunflower Bank 1 5.63% $7,962
UNION HOME MORTGAGE CORP. 1 6.50% $7,797
U.S. Bank 1 6.13% $9,108
VERITAS FUNDING, LLC 1 6.25% $30,861
AMERICAN FINANCIAL NETWORK, INC. 1 5.99% $975

The top Albany VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 36 VA loans originated. Their average total fees are $9,469, which is $4,397 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Albany VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,071), FREEDOM MORTGAGE CORPORATION ($9,433), UNITED WHOLESALE MORTGAGE, LLC ($9,469), QUICKEN LOANS, LLC ($13,480) and GUILD MORTGAGE COMPANY ($14,313).

The lowest rate Albany VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.75%), GUILD MORTGAGE COMPANY (5.92%), FREEDOM MORTGAGE CORPORATION (5.93%), QUICKEN LOANS, LLC (6.00%) and Mortgage Research Center, LLC (6.22%).

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.