Coos Bay VA Loan Rates, Closing Costs & Stats

Coos Bay, 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.

    Coos Bay's 46 lenders originated 164 VA loans during 2024. The total origination value was $59,350,000, with an average VA loan value of $361,890.

    Coos Bay VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Coos Bay averaged 0.12% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Coos Bay's average VA mortgage closing costs are $6,688.

    The average rate for the prior week (2025-06-13) was 6.67% and one month ago for the week of 2025-05-16, the average rate was 6.73%.

    The average rate one year ago was 6.93%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.04%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Coos Bay 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 Coos Bay level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 28 6.35% $7,308
    GUILD MORTGAGE COMPANY 24 6.06% $12,825
    UNITED WHOLESALE MORTGAGE, LLC 19 5.84% $6,532
    NEWREZ LLC 9 6.07% $9,330
    QUICKEN LOANS, LLC 8 5.95% $10,540
    DIRECTORS MORTGAGE, INC. 4 6.94% $17,622
    FREEDOM MORTGAGE CORPORATION 4 5.78% $5,451
    Banner Bank 4 6.16% $13,170
    Century Mortgage Company DBA Century Lending Company 4 6.12% $13,581
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.66% $4,976
    CROSSCOUNTRY MORTGAGE, LLC 4 6.56% $9,305
    VILLAGE CAPITAL MORTGAGE 3 5.58% $7,912
    PENNYMAC LOAN SERVICES, LLC 3 5.79% $8,281
    BROKER SOLUTIONS, INC. 3 6.25% $17,631
    CANOPY MORTGAGE, LLC 2 6.75% $12,639
    The Federal Savings Bank 2 6.63% $16,117
    Flagstar Bank, FSB 2 6.63% $8,278
    LOANPAL, LLC 2 5.31% $17,796
    NAVY FEDERAL CREDIT UNION 2 5.50% $3,171
    USAA Federal Savings Bank 2 5.75% $15,421
    MORTGAGE EXPRESS, LLC 2 5.94% $9,177
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.88% $4,117
    Sunflower Bank 1 5.13% $8,455
    TWINSTAR 1 6.25% $8,500
    Umpqua Bank 1 6.63% $3,903
    Nations Lending Corporation 1 5.75% $31,314
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $10,731
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.00% $4,288
    AmeriHome Mortgage Company, LLC 1 6.38% $4,690
    Barrington Bank & Trust Company, N.A. 1 7.75% $7,347
    Carrington Mortgage Services, LLC 1 6.13% $4,102
    CHURCHILL MORTGAGE CORPORATION 1 7.00% $17,727
    Credence Funding Corporation 1 6.00% $5,609
    First Federal Bank 1 5.75% $9,043
    GENEVA FINANCIAL, LLC 1 6.25% $25,001
    GUARANTEED RATE, INC. 1 5.50% $4,142
    Ixonia Bank 1 5.63% $14,656
    JPMorgan Chase Bank 1 5.63% $8,557
    LOANDEPOT.COM, LLC 1 5.63% $8,249
    Magnolia Bank 1 5.88% $17,377
    American Mortgage & Equity Consultants, Inc. 1 7.25% $5,797
    NBKC BANK 1 6.00% $18,437
    NEW DAY FINANCIAL, LLC 1 7.38% $11,290
    Paramount Residential Mortgage Group, Inc. 1 6.13% $2,502
    Presidential Bank, FSB 1 5.63% $9,060
    SAMMAMISH MORTGAGE COMPANY 1 6.13% $2,502

    The top Coos Bay VA lender as defined by loan originations is Mortgage Research Center, LLC, with 28 VA loans originated. Their average total fees are $7,308, which is $5,517 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Coos Bay VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($6,532), Mortgage Research Center, LLC ($7,308), GUILD MORTGAGE COMPANY ($12,825), .

    The lowest rate Coos Bay VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.84%), GUILD MORTGAGE COMPANY (6.06%), Mortgage Research Center, LLC (6.35%), .

    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.