Bend VA Loans

BEND, 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.

Bend's 117 lenders originated 1,148 VA loans during 2021. The total origination value was $445,840,000, with an average VA loan value of $388,362.

Bend VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Bend averaged 5.67% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.5% and one month ago for the week of 2022-04-08, the average rate was 4.92%.

The average rate one year ago was 3.03%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.09%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Bend 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 Bend level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 80 2.42% $3,391
QUICKEN LOANS, LLC 76 2.40% $6,356
LOANDEPOT.COM, LLC 57 2.56% $8,075
CALIBER HOME LOANS, INC. 57 2.54% $6,747
Mortgage Research Center, LLC 52 2.69% $8,404
GUILD MORTGAGE COMPANY 52 2.73% $8,905
PENNYMAC LOAN SERVICES, LLC 49 2.33% $7,519
CMG MORTGAGE, INC. 34 2.43% $7,792
LAKEVIEW LOAN SERVICING, LLC 31 2.44% $3,386
CELEBRITY HOME LOANS, LLC 27 2.61% $13,312
UNITED WHOLESALE MORTGAGE, LLC 26 2.51% $8,685
HOME POINT FINANCIAL CORPORATION 21 2.44% $6,487
NEW DAY FINANCIAL, LLC 18 2.87% $12,566
USAA Federal Savings Bank 17 2.85% $4,165
CANOPY MORTGAGE, LLC 17 2.49% $7,908
NAVY FEDERAL CREDIT UNION 16 2.39% $6,423
Umpqua Bank 14 2.87% $8,553
CHURCHILL MORTGAGE CORPORATION 14 2.71% $8,328
NATIONS DIRECT MORTGAGE, LLC 14 2.78% $11,985
PREMIER MORTGAGE RESOURCES, L.L.C. 12 2.67% $10,287
ACADEMY MORTGAGE CORPORATION 12 2.89% $8,655
GENEVA FINANCIAL, LLC 12 2.77% $10,817
FINANCE OF AMERICA MORTGAGE LLC 12 2.83% $10,953
The Federal Savings Bank 12 2.57% $11,353
Low VA Rates, LLC 11 2.32% $7,540
PRIMELENDING, A PLAINSCAPITAL COMPANY 11 3.27% $7,144
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 11 3.48% $8,257
Golden Empire Mortgage, Inc. 11 3.22% $15,697
PENTAGON FEDERAL CREDIT UNION 10 2.36% $2,103
Wells Fargo Bank 10 2.59% $5,556
HOMEBRIDGE FINANCIAL SERVICES, INC. 9 2.64% $6,382
AMERICAN FINANCIAL NETWORK, INC. 8 2.42% $10,657
DIRECTORS MORTGAGE, INC. 8 2.86% $9,877
BROKER SOLUTIONS, INC. 8 3.00% $6,331
Mr. Cooper ( Nationstar Mortgage ) 8 2.70% $3,790
Flagstar Bank, FSB 7 2.80% $14,043
SOVEREIGN LENDING GROUP INCORPORATED 7 2.55% $14,858
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 2.80% $10,859
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 7 2.52% $9,310
AMERISAVE MORTGAGE CORPORATION 6 2.58% $8,747
GUARANTEED RATE, INC. 6 2.52% $13,417
SUMMIT FUNDING, INC. 6 3.00% $7,727
STEARNS LENDING, LLC 5 2.25% $8,777
Barrington Bank & Trust Company, N.A. 5 2.46% $6,196
CLEARPATH LENDING 5 2.28% $3,315
MANN FINANCIAL INC. 5 2.98% $9,011
MUTUAL OF OMAHA MORTGAGE, INC. 5 2.40% $5,683
NEWREZ LLC 5 2.60% $4,274
North American Savings Bank, F.S.B. 5 2.45% $4,411
PLANET HOME LENDING, LLC 5 2.33% $2,257
Strong Home Mortgage, LLC 5 2.38% $7,487
First Guaranty Mortgage Corporation 4 2.56% $5,400
InterContinental Capital Group, Inc 4 2.25% $4,107
Commerce Home Mortgage, Inc. 4 2.81% $3,787
U.S. Bank 4 2.81% $6,126
Prime Choice Funding Inc. 4 2.31% $7,265
LPMC, LLC 4 3.00% $13,770
NBKC BANK 4 2.44% $9,171
VILLAGE CAPITAL & INVESTMENT LLC 4 2.77% $3,891
Willamette Valley Bank 4 3.28% $7,609
AXIA FINANCIAL, LLC 4 2.84% $13,055
SUN WEST MORTGAGE COMPANY, INC. 4 2.28% $5,276
SWBC MORTGAGE CORPORATION 4 2.91% $10,712
NORTHWEST COMMUNITY 4 2.53% $7,669
DHI MORTGAGE COMPANY, LTD. 4 2.56% $7,122
CREDIT UNION MORTGAGE ASSOCIATION, INC. 4 2.88% $4,145
PACIFIC RESIDENTIAL MORTGAGE, LLC 4 2.72% $14,383
Nations Lending Corporation 3 3.13% $11,592
First Interstate Bank 3 2.50% $4,567
AMERICAN FINANCIAL RESOURCES, INC. 3 3.00% $10,415
Sierra Pacific Mortgage Company, Inc. 3 2.67% $5,057
NETWORK CAPITAL FUNDING CORPORATION 3 2.25% $2,188
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.88% $8,126
Bank of England 3 2.63% $5,807
Carrington Mortgage Services, LLC 2 2.81% $3,720
OnPoint Community Credit Union 2 3.13% $3,583
CROSSCOUNTRY MORTGAGE, LLC 2 3.00% $8,130
ACCELERATE MORTGAGE, LLC 2 2.25% $5,568
Evolve Bank & Trust 2 2.63% $5,010
BELEM SERVICING LLC 2 2.50% $16,488
Gateway First Bank 2 3.88% $4,211
Columbia State Bank 2 2.38% $4,061
AMERICAN FINANCING CORPORATION 1 2.75% $2,079
GSF Mortgage Corporation 1 4.25% $4,586
GUARANTEED RATE AFFINITY, LLC 1 2.25% $4,248
First Home Bank 1 2.25% $4,384
AmeriHome Mortgage Company, LLC 1 2.50% $4,271
HomeStreet Bank 1 2.50% $4,873
Hometown Lenders, Inc. 1 2.75% $13,843
JMJ FINANCIAL GROUP 1 2.88% $4,557
KELLER MORTGAGE, LLC 1 2.25% $3,521
KS StateBank 1 2.25% $2,825
LEADERONE FINANCIAL CORPORATION 1 3.75% $4,132
LENDUS, LLC 1 2.25% $4,281
LOANPAL, LLC 1 2.25% $4,963
Meridian Bank Corporation 1 2.25% $5,609
MORTGAGEONE, INC. 1 2.25% $4,739
MOVEMENT MORTGAGE, LLC 1 2.75% $5,357
MUFG Union Bank 1 2.38% $3,099
CHERRY CREEK MORTGAGE, LLC 1 2.25% $6,884
Watermark Capital, Inc. 1 2.38% $3,577
NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.75% $4,978
NP, Inc. 1 2.25% $6,402
OCMBC, INC. 1 3.13% $12,851
Paramount Bank 1 2.25% $14,627
BOKF 1 2.63% $3,625
BNC National Bank 1 2.38% $12,773
PLAZA HOME MORTGAGE, INC. 1 2.38% $4,213
BAY EQUITY LLC 1 2.25% $4,577
Banner Bank 1 2.25% $4,573
ROGUE 1 2.50% $10,151
S1L, Inc. 1 2.75% $31,647
SOUTHWEST STAGE FUNDING, LLC 1 2.75% $3,546
Bank of the Pacific 1 2.50% $2,720
S&S Financial 1 2.25% $2,589
Texana Bank 1 2.25% $4,024
First Federal Bank of Kansas City 1 2.25% $3,243

The top Bend VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 80 VA loans originated. Their average total fees are $3,391, which is $2,965 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Bend VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION ($2,103), LAKEVIEW LOAN SERVICING, LLC ($3,386), FREEDOM MORTGAGE CORPORATION ($3,391), USAA Federal Savings Bank ($4,165) and Wells Fargo Bank ($5,556).

The lowest rate Bend VA lenders (with over 10 loans originated) are Low VA Rates, LLC (2.32%), PENNYMAC LOAN SERVICES, LLC (2.33%), PENTAGON FEDERAL CREDIT UNION (2.36%), NAVY FEDERAL CREDIT UNION (2.39%) and QUICKEN LOANS, LLC (2.40%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Bend (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $422,400 (8.6%) $596,714 (3.9%) 1.56 1,147
2018-02-01 $421,250 (8.9%) $602,504 (5.6%) 1.52 1,098
2018-03-01 $424,900 (6.4%) $602,446 (2.4%) 1.47 1,193
2018-04-01 $428,950 (5.5%) $606,835 (2.6%) 1.44 1,262
2018-05-01 $429,900 (1.2%) $598,233 (2.0%) 1.43 1,379
2018-06-01 $435,000 (1.1%) $594,668 (1.4%) 1.45 1,473
2018-07-01 $439,450 (-0.1%) $599,243 (-0.7%) 1.47 1,612
2018-08-01 $446,875 (1.8%) $605,017 (1.9%) 1.49 1,625
2018-09-01 $449,000 (4.7%) $613,570 (5.3%) 1.50 1,584
2018-10-01 $447,000 (5.3%) $618,638 (6.3%) 1.50 1,463
2018-11-01 $449,900 (5.9%) $636,193 (9.4%) 1.51 1,323
2018-12-01 $450,000 (5.9%) $653,863 (10.8%) 1.54 1,156
2019-01-01 $454,950 (7.7%) $658,657 (10.4%) 1.57 1,032
2019-02-01 $459,900 (9.2%) $653,601 (8.5%) 1.54 1,014
2019-03-01 $471,386 (10.9%) $649,042 (7.7%) 1.54 1,021
2019-04-01 $479,450 (11.8%) $639,524 (5.4%) 1.51 1,057
2019-05-01 $474,990 (10.5%) $636,071 (6.3%) 1.46 1,203
2019-06-01 $465,000 (6.9%) $625,923 (5.3%) 1.43 1,438
2019-07-01 $472,400 (7.5%) $634,366 (5.9%) 1.47 1,505
2019-08-01 $463,514 (3.7%) $626,120 (3.5%) 1.46 1,486
2019-09-01 $457,559 (1.9%) $620,108 (1.1%) 1.45 1,457
2019-10-01 $449,700 (0.6%) $619,164 (0.1%) 1.43 1,372
2019-11-01 $449,000 (-0.2%) $622,589 (-2.1%) 1.45 1,159
2019-12-01 $445,000 (-1.1%) $635,371 (-2.8%) 1.48 922
2020-01-01 $440,250 (-3.2%) $620,416 (-5.8%) 1.47 844
2020-02-01 $435,000 (-5.4%) $606,708 (-7.2%) 1.40 830
2020-03-01 $444,995 (-5.6%) $605,826 (-6.7%) 1.39 921
2020-04-01 $439,450 (-8.3%) $594,449 (-7.1%) 1.37 1,058
2020-05-01 $449,900 (-5.3%) $591,395 (-7.0%) 1.36 1,030
2020-06-01 $450,995 (-3.0%) $597,025 (-4.6%) 1.32 951
2020-07-01 $472,500 (0.0%) $616,593 (-2.8%) 1.35 806
2020-08-01 $484,760 (4.6%) $659,068 (5.3%) 1.39 581
2020-09-01 $509,975 (11.5%) $692,287 (11.6%) 1.46 485
2020-10-01 $535,000 (19.0%) $719,453 (16.2%) 1.53 413
2020-11-01 $569,725 (26.9%) $719,289 (15.5%) 1.63 349
2020-12-01 $567,450 (27.5%) $723,263 (13.8%) 1.66 313
2021-01-01 $525,000 (19.3%) $677,142 (9.1%) 1.54 277
2021-02-01 $569,955 (31.0%) $753,712 (24.2%) 1.64 263
2021-03-01 $534,745 (20.2%) $789,810 (30.4%) 1.50 264
2021-04-01 $591,500 (34.6%) $827,620 (39.2%) 1.59 257
2021-05-01 $579,000 (28.7%) $793,249 (34.1%) 1.52 300
2021-06-01 $599,500 (32.9%) $806,596 (35.1%) 1.56 408
2021-07-01 $649,450 (37.5%) $849,568 (37.8%) 1.69 484
2021-08-01 $645,269 (33.1%) $846,219 (28.4%) 1.70 561
2021-09-01 $649,000 (27.3%) $842,258 (21.7%) 1.71 609
2021-10-01 $644,990 (20.6%) $816,736 (13.5%) 1.70 592
2021-11-01 $629,000 (10.4%) $807,729 (12.3%) 1.66 512
2021-12-01 $630,000 (11.0%) $837,382 (15.8%) 1.68 383
2022-01-01 $609,990 (16.2%) $833,807 (23.1%) 1.63 255
2022-02-01 $649,500 (14.0%) $812,886 (7.9%) 1.66 236
2022-03-01 $662,000 (23.8%) $792,619 (0.4%) 1.63 291
2022-04-01 $699,000 (18.2%) $841,047 (1.6%) 1.64 351
Bend's median listing price for 2022-04-01 was $699,000, a difference of $107,500 (18.2%) versus the prior year and $37,000 versus the prior month.

Bend's median listing price comes in at 164% of the national average.

Bend's average listing price for 2022-04-01 was $841,047, a difference of $13,427 (1.6%) versus the prior year and $48,428 versus the prior month.

For the 2022-04-01 period, Bend had 351 MLS listings, a difference of 60 listings (21%) versus the prior month and 94 listings (37%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Bend (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 106 days 2,022 sqft
2018-02-01 99 days 2,015 sqft
2018-03-01 67 days 2,010 sqft
2018-04-01 58 days 2,015 sqft
2018-05-01 57 days 2,015 sqft
2018-06-01 57 days 2,015 sqft
2018-07-01 61 days 2,021 sqft
2018-08-01 71 days 2,026 sqft
2018-09-01 78 days 2,046 sqft
2018-10-01 88 days 2,071 sqft
2018-11-01 97 days 2,075 sqft
2018-12-01 112 days 2,072 sqft
2019-01-01 118 days 2,082 sqft
2019-02-01 116 days 2,081 sqft
2019-03-01 114 days 2,059 sqft
2019-04-01 74 days 2,037 sqft
2019-05-01 49 days 2,034 sqft
2019-06-01 46 days 2,029 sqft
2019-07-01 58 days 2,036 sqft
2019-08-01 67 days 2,024 sqft
2019-09-01 79 days 2,007 sqft
2019-10-01 86 days 1,993 sqft
2019-11-01 95 days 2,004 sqft
2019-12-01 106 days 2,007 sqft
2020-01-01 106 days 1,996 sqft
2020-02-01 91 days 1,951 sqft
2020-03-01 60 days 1,956 sqft
2020-04-01 57 days 1,955 sqft
2020-05-01 71 days 2,006 sqft
2020-06-01 69 days 2,013 sqft
2020-07-01 58 days 2,029 sqft
2020-08-01 60 days 2,029 sqft
2020-09-01 53 days 2,020 sqft
2020-10-01 56 days 1,984 sqft
2020-11-01 65 days 2,051 sqft
2020-12-01 68 days 2,020 sqft
2021-01-01 71 days 1,956 sqft
2021-02-01 50 days 1,956 sqft
2021-03-01 44 days 1,949 sqft
2021-04-01 41 days 2,012 sqft
2021-05-01 36 days 1,920 sqft
2021-06-01 30 days 1,920 sqft
2021-07-01 33 days 1,958 sqft
2021-08-01 34 days 1,958 sqft
2021-09-01 41 days 1,961 sqft
2021-10-01 47 days 1,956 sqft
2021-11-01 48 days 1,929 sqft
2021-12-01 63 days 1,961 sqft
2022-01-01 83 days 1,920 sqft
2022-02-01 43 days 1,951 sqft
2022-03-01 36 days 1,941 sqft
2022-04-01 34 days 1,973 sqft
Bend's median listing age (time on market) for 2022-04-01 was 34 days. This is -17% shorter than the same period one year ago.

Bend's median square footage for active listings during the 2022-04-01 period was 1,973 sqft. One year prior, the average listing was 2,012 sqft.

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.