Albany VA Loan Rates, Closing Costs & Stats

ALBANY-LEBANON, OR

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    • 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.