Bend VA Loan Rates, Closing Costs & Stats

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 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 6.71% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.94% and one month ago for the week of 2024-03-15, the average rate was 6.4%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.39%.

    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
    Bend's median listing price for 2024-03-01 was $699,000, a difference of $20,800 (3.1%) versus the prior year and $7,730 versus the prior month.

    Bend's median listing price comes in at 165% of the national average.

    Bend's average listing price for 2024-03-01 was $978,404, a difference of $-12,045 (-1.2%) versus the prior year and $38,113 versus the prior month.

    For the 2024-03-01 period, Bend had 806 MLS listings, a difference of 66 listings (9%) versus the prior month and 152 listings (23%) 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
    Bend's median listing age (time on market) for 2024-03-01 was 57 days. This is 7% longer than the same period one year ago.

    Bend's median square footage for active listings during the 2024-03-01 period was 1,946 sqft. One year prior, the average listing was 1,937 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.