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 6.39% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.34% and one month ago for the week of 2024-10-04, the average rate was 5.87%.

    The average rate one year ago was 7.33%.

    For refis of the same type during the week of 2024-11-08, the average rate was 7.17%.

    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%).

    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.