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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.