Bend VA Loan Rates, Closing Costs & Stats

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 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.

Bend's 53 lenders originated 186 VA loans during 2023. The total origination value was $93,440,000, with an average VA loan value of $502,366.

Bend VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Bend averaged 6.55% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

Bend's average VA mortgage closing costs are $7,938.

The average rate for the prior week (2024-05-10) was 6.56% and one month ago for the week of 2024-04-12, the average rate was 6.74%.

The average rate one year ago was 6.44%.

For refis of the same type during the week of 2024-05-17, the average rate was 7.23%.

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

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 19 6.53% $10,906
UNITED WHOLESALE MORTGAGE, LLC 19 6.01% $9,769
QUICKEN LOANS, LLC 18 5.84% $15,185
CMG MORTGAGE, INC. 12 6.53% $14,871
GUILD MORTGAGE COMPANY 11 6.17% $21,287
NATIONS DIRECT MORTGAGE, LLC 8 6.59% $9,897
NAVY FEDERAL CREDIT UNION 6 5.81% $6,983
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.10% $13,217
CARDINAL FINANCIAL 4 6.09% $11,656
Nations Lending Corporation 4 6.06% $8,905
DHI MORTGAGE COMPANY, LTD. 4 5.66% $7,803
LOANDEPOT.COM, LLC 3 4.46% $11,316
AMERISAVE MORTGAGE CORPORATION 3 5.04% $19,468
SUMMIT FUNDING, INC. 3 6.96% $9,491
CANOPY MORTGAGE, LLC 3 6.50% $11,954
CHURCHILL MORTGAGE CORPORATION 3 5.79% $13,253
PREMIER MORTGAGE RESOURCES, L.L.C. 3 5.79% $17,583
PENNYMAC LOAN SERVICES, LLC 3 6.29% $10,364
AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.04% $27,699
MOVEMENT MORTGAGE, LLC 3 6.83% $11,985
LEADERONE FINANCIAL CORPORATION 3 6.83% $10,941
NEWREZ LLC 2 6.94% $12,502
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.06% $21,555
U.S. Bank 2 6.69% $7,636
Wells Fargo Bank 2 5.88% $9,768
Meridian Bank Corporation 1 6.99% $17,084
LADERA LENDING, INC. 1 6.13% $16,047
GUARANTEED RATE, INC. 1 5.75% $2,543
Flagstar Bank, FSB 1 7.25% $13,049
First Federal Bank 1 6.00% $5,264
Equity Prime Mortgage LLC 1 6.38% $17,426
NEW DAY FINANCIAL, LLC 1 7.38% $35,209
DIRECTORS MORTGAGE, INC. 1 5.75% $29,609
OnPoint Community Credit Union 1 6.88% $7,138
PANORAMA MORTGAGE GROUP, LLC 1 6.50% $21,669
Paramount Residential Mortgage Group, Inc. 1 5.75% $5,009
CROSSCOUNTRY MORTGAGE, LLC 1 6.56% $15,582
PLANET HOME LENDING, LLC 1 3.63% $3,203
PLAZA HOME MORTGAGE, INC. 1 5.75% $13,834
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $6,409
VERITAS FUNDING, LLC 1 6.63% $22,199
Prosperity Home Mortgage, LLC 1 5.50% $15,455
CALIBER HOME LOANS, INC. 1 5.63% $16,373
SAMMAMISH MORTGAGE COMPANY 1 5.63% $15,902
Barrington Bank & Trust Company, N.A. 1 6.10% $5,131
The Central Trust Bank 1 5.25% $15,993
The Federal Savings Bank 1 5.75% $9,780
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.25% $8,008
USAA Federal Savings Bank 1 5.38% $10,025
Willamette Valley Bank 1 6.50% $21,176
LIBERTY HOME MORTGAGE CORPORATION 1 6.63% $14,100
LAKEVIEW LOAN SERVICING, LLC 1 7.13% $13,080
LPMC, LLC 1 7.25% $13,049

The top Bend VA lender as defined by loan originations is Mortgage Research Center, LLC, with 19 VA loans originated. Their average total fees are $10,906, which is $1,136 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Bend VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($9,769), Mortgage Research Center, LLC ($10,906), CMG MORTGAGE, INC. ($14,871), QUICKEN LOANS, LLC ($15,185) and GUILD MORTGAGE COMPANY ($21,287).

The lowest rate Bend VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.84%), UNITED WHOLESALE MORTGAGE, LLC (6.01%), GUILD MORTGAGE COMPANY (6.17%), Mortgage Research Center, LLC (6.53%) and CMG MORTGAGE, INC. (6.53%).


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 $449,588 (5.8%) $625,632 (3.6%) 1.67 1,208
2018-02-01 $449,936 (6.5%) $629,561 (5.8%) 1.63 1,182
2018-03-01 $459,000 (4.5%) $633,098 (3.7%) 1.61 1,310
2018-04-01 $474,409 (6.5%) $647,983 (4.9%) 1.61 1,399
2018-05-01 $474,963 (5.2%) $644,799 (5.6%) 1.59 1,520
2018-06-01 $489,000 (3.5%) $646,527 (2.4%) 1.63 1,661
2018-07-01 $489,000 (3.0%) $652,622 (2.9%) 1.63 1,800
2018-08-01 $492,000 (3.9%) $651,165 (3.6%) 1.65 1,813
2018-09-01 $495,000 (10.0%) $659,337 (7.1%) 1.66 1,764
2018-10-01 $489,000 (7.7%) $655,589 (6.3%) 1.66 1,631
2018-11-01 $485,225 (7.2%) $665,281 (7.4%) 1.64 1,476
2018-12-01 $489,900 (8.9%) $679,687 (9.6%) 1.69 1,293
2019-01-01 $492,495 (9.5%) $692,040 (10.6%) 1.70 1,182
2019-02-01 $499,450 (11.0%) $680,311 (8.1%) 1.69 1,150
2019-03-01 $510,657 (11.3%) $679,416 (7.3%) 1.67 1,180
2019-04-01 $523,205 (10.3%) $676,206 (4.4%) 1.66 1,235
2019-05-01 $518,725 (9.2%) $678,184 (5.2%) 1.62 1,419
2019-06-01 $518,450 (6.0%) $676,689 (4.7%) 1.62 1,686
2019-07-01 $517,450 (5.8%) $676,310 (3.6%) 1.62 1,758
2019-08-01 $510,091 (3.7%) $666,255 (2.3%) 1.62 1,693
2019-09-01 $502,727 (1.6%) $657,835 (-0.2%) 1.61 1,626
2019-10-01 $498,818 (2.0%) $657,843 (0.3%) 1.61 1,544
2019-11-01 $499,000 (2.8%) $673,523 (1.2%) 1.64 1,305
2019-12-01 $499,450 (2.0%) $675,159 (-0.7%) 1.67 1,038
2020-01-01 $493,500 (0.2%) $665,740 (-3.8%) 1.65 928
2020-02-01 $482,000 (-3.5%) $662,027 (-2.7%) 1.58 903
2020-03-01 $487,000 (-4.6%) $659,032 (-3.0%) 1.53 997
2020-04-01 $488,050 (-6.7%) $652,507 (-3.5%) 1.53 1,165
2020-05-01 $499,900 (-3.6%) $662,061 (-2.4%) 1.52 1,172
2020-06-01 $499,900 (-3.6%) $678,945 (0.3%) 1.47 1,048
2020-07-01 $527,500 (1.9%) $708,987 (4.8%) 1.53 898
2020-08-01 $539,450 (5.8%) $776,903 (16.6%) 1.55 649
2020-09-01 $566,225 (12.6%) $792,330 (20.5%) 1.62 564
2020-10-01 $584,900 (17.3%) $813,786 (23.7%) 1.68 483
2020-11-01 $614,450 (23.1%) $828,218 (23.0%) 1.80 406
2020-12-01 $616,200 (23.4%) $834,675 (23.6%) 1.83 360
2021-01-01 $599,995 (21.6%) $840,751 (26.3%) 1.79 316
2021-02-01 $642,375 (33.3%) $887,663 (34.1%) 1.87 295
2021-03-01 $611,150 (25.5%) $912,932 (38.5%) 1.73 312
2021-04-01 $679,900 (39.3%) $950,380 (45.7%) 1.84 316
2021-05-01 $650,000 (30.0%) $917,699 (38.6%) 1.73 364
2021-06-01 $694,450 (38.9%) $951,976 (40.2%) 1.83 476
2021-07-01 $700,000 (32.7%) $991,162 (39.8%) 1.85 591
2021-08-01 $699,945 (29.8%) $992,530 (27.8%) 1.87 681
2021-09-01 $699,973 (23.6%) $994,925 (25.6%) 1.87 730
2021-10-01 $699,900 (19.7%) $968,909 (19.1%) 1.87 701
2021-11-01 $697,000 (13.4%) $972,108 (17.4%) 1.86 572
2021-12-01 $709,900 (15.2%) $1,026,592 (23.0%) 1.92 426
2022-01-01 $689,000 (14.8%) $1,004,451 (19.5%) 1.86 295
2022-02-01 $742,750 (15.6%) $998,040 (12.4%) 1.93 274
2022-03-01 $724,125 (18.5%) $955,156 (4.6%) 1.81 337
2022-04-01 $750,000 (10.3%) $1,014,487 (6.8%) 1.79 420
2022-05-01 $777,000 (19.5%) $1,021,488 (11.3%) 1.78 649
2022-06-01 $759,500 (9.4%) $987,402 (3.7%) 1.69 817
2022-07-01 $739,900 (5.7%) $981,036 (-1.0%) 1.67 1,032
2022-08-01 $722,400 (3.2%) $958,820 (-3.4%) 1.67 1,052
2022-09-01 $699,900 (0.0%) $977,246 (-1.8%) 1.64 1,017
2022-10-01 $677,500 (-3.2%) $962,812 (-0.6%) 1.59 1,020
2022-11-01 $670,800 (-3.8%) $958,315 (-1.4%) 1.61 912
2022-12-01 $657,435 (-7.4%) $957,564 (-6.7%) 1.62 813
2023-01-01 $649,000 (-5.8%) $938,479 (-6.6%) 1.61 657
2023-02-01 $659,425 (-11.2%) $983,195 (-1.5%) 1.59 608
2023-03-01 $678,200 (-6.3%) $990,449 (3.7%) 1.60 654
2023-04-01 $699,900 (-6.7%) $1,038,428 (2.4%) 1.63 678
2023-05-01 $771,000 (-0.8%) $1,049,038 (2.7%) 1.75 794
2023-06-01 $764,700 (0.7%) $1,036,467 (5.0%) 1.72 897
2023-07-01 $779,450 (5.4%) $1,020,044 (4.0%) 1.77 1,021
2023-08-01 $777,250 (7.6%) $1,013,741 (5.7%) 1.78 1,031
2023-09-01 $772,500 (10.4%) $997,391 (2.1%) 1.80 1,048
2023-10-01 $737,300 (8.8%) $976,807 (1.5%) 1.73 1,011
2023-11-01 $699,999 (4.4%) $967,783 (1.0%) 1.67 953
2023-12-01 $699,900 (6.5%) $963,783 (0.7%) 1.71 851
2024-01-01 $682,450 (5.2%) $929,796 (-0.9%) 1.67 767
2024-02-01 $691,270 (4.8%) $940,291 (-4.4%) 1.66 740
2024-03-01 $699,000 (3.1%) $978,404 (-1.2%) 1.65 806
2024-04-01 $732,336 (4.6%) $1,028,671 (-0.9%) 1.70 954
Bend's median listing price for 2024-04-01 was $732,336, a difference of $32,436 (4.6%) versus the prior year and $33,336 versus the prior month.

Bend's median listing price comes in at 170% of the national average.

Bend's average listing price for 2024-04-01 was $1,028,671, a difference of $-9,757 (-0.9%) versus the prior year and $50,267 versus the prior month.

For the 2024-04-01 period, Bend had 954 MLS listings, a difference of 148 listings (18%) versus the prior month and 276 listings (41%) 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 95 days 2,046 sqft
2018-02-01 83 days 2,029 sqft
2018-03-01 58 days 2,032 sqft
2018-04-01 54 days 2,053 sqft
2018-05-01 52 days 2,071 sqft
2018-06-01 50 days 2,080 sqft
2018-07-01 57 days 2,078 sqft
2018-08-01 65 days 2,081 sqft
2018-09-01 71 days 2,101 sqft
2018-10-01 84 days 2,086 sqft
2018-11-01 92 days 2,080 sqft
2018-12-01 106 days 2,078 sqft
2019-01-01 110 days 2,086 sqft
2019-02-01 102 days 2,093 sqft
2019-03-01 85 days 2,091 sqft
2019-04-01 62 days 2,090 sqft
2019-05-01 42 days 2,096 sqft
2019-06-01 43 days 2,115 sqft
2019-07-01 56 days 2,114 sqft
2019-08-01 66 days 2,095 sqft
2019-09-01 77 days 2,062 sqft
2019-10-01 84 days 2,055 sqft
2019-11-01 92 days 2,073 sqft
2019-12-01 100 days 2,075 sqft
2020-01-01 103 days 2,065 sqft
2020-02-01 87 days 2,033 sqft
2020-03-01 52 days 2,069 sqft
2020-04-01 50 days 2,034 sqft
2020-05-01 68 days 2,051 sqft
2020-06-01 67 days 2,082 sqft
2020-07-01 64 days 2,095 sqft
2020-08-01 64 days 2,088 sqft
2020-09-01 59 days 2,072 sqft
2020-10-01 68 days 2,026 sqft
2020-11-01 71 days 2,045 sqft
2020-12-01 67 days 2,037 sqft
2021-01-01 58 days 2,037 sqft
2021-02-01 40 days 2,027 sqft
2021-03-01 39 days 2,001 sqft
2021-04-01 37 days 2,044 sqft
2021-05-01 34 days 1,988 sqft
2021-06-01 29 days 2,012 sqft
2021-07-01 32 days 2,040 sqft
2021-08-01 36 days 2,018 sqft
2021-09-01 41 days 2,040 sqft
2021-10-01 50 days 2,020 sqft
2021-11-01 62 days 1,991 sqft
2021-12-01 82 days 2,026 sqft
2022-01-01 90 days 1,982 sqft
2022-02-01 39 days 2,007 sqft
2022-03-01 32 days 1,997 sqft
2022-04-01 31 days 2,063 sqft
2022-05-01 29 days 2,034 sqft
2022-06-01 34 days 2,041 sqft
2022-07-01 38 days 2,009 sqft
2022-08-01 51 days 2,004 sqft
2022-09-01 62 days 1,996 sqft
2022-10-01 66 days 1,976 sqft
2022-11-01 73 days 1,950 sqft
2022-12-01 91 days 1,937 sqft
2023-01-01 96 days 1,936 sqft
2023-02-01 89 days 1,934 sqft
2023-03-01 54 days 1,937 sqft
2023-04-01 51 days 1,961 sqft
2023-05-01 45 days 2,023 sqft
2023-06-01 43 days 2,037 sqft
2023-07-01 47 days 2,062 sqft
2023-08-01 54 days 2,046 sqft
2023-09-01 64 days 2,019 sqft
2023-10-01 71 days 2,011 sqft
2023-11-01 78 days 2,010 sqft
2023-12-01 85 days 1,993 sqft
2024-01-01 92 days 1,940 sqft
2024-02-01 86 days 1,943 sqft
2024-03-01 57 days 1,946 sqft
2024-04-01 44 days 1,968 sqft
Bend's median listing age (time on market) for 2024-04-01 was 44 days. This is -14% shorter than the same period one year ago.

Bend's median square footage for active listings during the 2024-04-01 period was 1,968 sqft. One year prior, the average listing was 1,961 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.