Bend VA Loans

BEND, 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 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.