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 38 lenders originated 115 VA loans during 2023. The total origination value was $39,595,000, with an average VA loan value of $344,304.

    Coos Bay VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Coos Bay averaged 7.13% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Coos Bay's average VA mortgage closing costs are $6,401.

    The average rate for the prior week (2024-04-12) was 6.96% and one month ago for the week of 2024-03-15, the average rate was 6.92%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 21 6.62% $8,034
    GUILD MORTGAGE COMPANY 21 6.56% $13,137
    NAVY FEDERAL CREDIT UNION 8 5.80% $9,459
    QUICKEN LOANS, LLC 6 6.25% $12,713
    UNITED WHOLESALE MORTGAGE, LLC 6 6.05% $9,919
    USAA Federal Savings Bank 5 6.68% $8,188
    NEWREZ LLC 3 6.50% $10,072
    The Federal Savings Bank 3 6.33% $33,320
    SUN WEST MORTGAGE COMPANY, INC. 2 5.50% $10,933
    NEW DAY FINANCIAL, LLC 2 7.50% $15,402
    BROKER SOLUTIONS, INC. 2 5.75% $12,037
    PENNYMAC LOAN SERVICES, LLC 2 5.87% $10,906
    CANOPY MORTGAGE, LLC 2 6.19% $12,569
    FREEDOM MORTGAGE CORPORATION 2 6.56% $16,708
    VILLAGE CAPITAL MORTGAGE 2 7.00% $20,742
    CHURCHILL MORTGAGE CORPORATION 2 7.13% $12,427
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.25% $7,715
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.99% $23,198
    S1L, Inc. 1 6.75% $10,065
    TWINSTAR 1 5.88% $5,460
    Wells Fargo Bank 1 5.63% $4,649
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $9,274
    Willamette Valley Bank 1 7.25% $12,833
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $14,316
    Banner Bank 1 6.50% $5,083
    Barrington Bank & Trust Company, N.A. 1 6.25% $9,263
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $25,635
    DIRECTORS MORTGAGE, INC. 1 7.25% $11,872
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $9,430
    Golden Empire Mortgage, Inc. 1 6.75% $2,195
    GUARANTEED RATE, INC. 1 5.95% $10,285
    Ixonia Bank 1 6.50% $16,918
    Magnolia Bank 1 6.49% $17,750
    MANN FINANCIAL INC. 1 7.13% $9,642
    MLD MORTGAGE INC. 1 7.25% $5,257
    MORTGAGE EXPRESS, LLC 1 6.99% $7,768
    MOVEMENT MORTGAGE, LLC 1 6.75% $5,573
    NBKC BANK 1 5.88% $16,956

    The top Coos Bay VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $8,034, which is $5,103 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Coos Bay VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,034), GUILD MORTGAGE COMPANY ($13,137), .

    The lowest rate Coos Bay VA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.56%), Mortgage Research Center, LLC (6.62%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Coos Bay (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 $264,500 (2.1%) $375,288 (10.6%) 0.00 255
    2018-02-01 $255,000 (6.7%) $358,366 (8.1%) 0.00 264
    2018-03-01 $260,000 (-4.0%) $368,325 (8.9%) 0.00 264
    2018-04-01 $289,950 (3.9%) $384,347 (8.0%) 0.00 256
    2018-05-01 $294,450 (-1.3%) $387,459 (7.3%) 0.00 263
    2018-06-01 $275,000 (-7.9%) $368,719 (-1.0%) 0.00 317
    2018-07-01 $271,175 (-7.3%) $365,216 (-3.9%) 0.00 355
    2018-08-01 $271,175 (-3.9%) $363,050 (-2.1%) 0.00 359
    2018-09-01 $269,000 (-3.6%) $367,307 (1.2%) 0.00 348
    2018-10-01 $265,000 (-7.6%) $362,427 (-2.1%) 0.00 327
    2018-11-01 $265,000 (-1.8%) $364,341 (-0.2%) 0.00 278
    2018-12-01 $264,450 (-2.1%) $367,105 (-4.7%) 0.00 250
    2019-01-01 $257,500 (-2.7%) $362,876 (-3.3%) 0.00 232
    2019-02-01 $282,000 (10.6%) $373,025 (4.1%) 0.00 227
    2019-03-01 $289,429 (11.3%) $372,398 (1.1%) 0.00 230
    2019-04-01 $290,000 (0.0%) $372,253 (-3.2%) 0.00 238
    2019-05-01 $289,250 (-1.8%) $373,320 (-3.7%) 0.00 250
    2019-06-01 $289,000 (5.1%) $368,781 (0.0%) 0.00 302
    2019-07-01 $289,500 (6.8%) $374,932 (2.7%) 0.00 308
    2019-08-01 $311,909 (15.0%) $394,362 (8.6%) 0.00 309
    2019-09-01 $315,898 (17.4%) $398,091 (8.4%) 0.00 307
    2019-10-01 $318,557 (20.2%) $395,002 (9.0%) 0.00 296
    2019-11-01 $319,900 (20.7%) $457,244 (25.5%) 0.00 274
    2019-12-01 $319,700 (20.9%) $465,215 (26.7%) 0.00 240
    2020-01-01 $322,500 (25.2%) $466,809 (28.6%) 0.00 226
    2020-02-01 $319,500 (13.3%) $470,264 (26.1%) 0.00 217
    2020-03-01 $318,000 (9.9%) $442,137 (18.7%) 0.00 228
    2020-04-01 $303,500 (4.7%) $435,211 (16.9%) 0.00 236
    2020-05-01 $319,000 (10.3%) $438,195 (17.4%) 0.00 221
    2020-06-01 $345,000 (19.4%) $477,679 (29.5%) 0.00 184
    2020-07-01 $331,375 (14.5%) $477,557 (27.4%) 0.00 173
    2020-08-01 $339,999 (9.0%) $505,139 (28.1%) 0.00 150
    2020-09-01 $348,750 (10.4%) $550,977 (38.4%) 0.00 137
    2020-10-01 $350,000 (9.9%) $561,383 (42.1%) 0.00 125
    2020-11-01 $351,250 (9.8%) $468,696 (2.5%) 0.00 126
    2020-12-01 $294,250 (-8.0%) $440,909 (-5.2%) 0.00 109
    2021-01-01 $317,500 (-1.6%) $450,861 (-3.4%) 0.00 90
    2021-02-01 $267,250 (-16.4%) $430,722 (-8.4%) 0.00 77
    2021-03-01 $334,500 (5.2%) $446,676 (1.0%) 0.00 85
    2021-04-01 $349,000 (15.0%) $454,435 (4.4%) 0.00 88
    2021-05-01 $325,000 (1.9%) $464,875 (6.1%) 0.00 104
    2021-06-01 $337,250 (-2.3%) $445,806 (-6.7%) 0.00 125
    2021-07-01 $350,000 (5.6%) $460,968 (-3.5%) 0.00 146
    2021-08-01 $362,500 (6.6%) $509,644 (0.9%) 0.00 159
    2021-09-01 $366,250 (5.0%) $543,487 (-1.4%) 0.00 147
    2021-10-01 $359,000 (2.6%) $556,166 (-0.9%) 0.00 132
    2021-11-01 $372,450 (6.0%) $600,994 (28.2%) 0.00 121
    2021-12-01 $363,500 (23.5%) $586,723 (33.1%) 0.00 99
    2022-01-01 $399,000 (25.7%) $609,232 (35.1%) 0.00 79
    2022-02-01 $388,250 (45.3%) $643,819 (49.5%) 0.00 73
    2022-03-01 $432,500 (29.3%) $645,280 (44.5%) 0.00 80
    2022-04-01 $412,500 (18.2%) $607,704 (33.7%) 0.00 96
    2022-05-01 $399,725 (23.0%) $575,052 (23.7%) 0.00 106
    2022-06-01 $416,894 (23.6%) $562,049 (26.1%) 0.00 135
    2022-07-01 $409,000 (16.9%) $539,950 (17.1%) 0.00 162
    2022-08-01 $431,200 (19.0%) $552,077 (8.3%) 0.00 179
    2022-09-01 $423,000 (15.5%) $559,928 (3.0%) 0.00 176
    2022-10-01 $429,000 (19.5%) $568,395 (2.2%) 0.00 175
    2022-11-01 $428,500 (15.1%) $564,280 (-6.1%) 0.00 177
    2022-12-01 $425,000 (16.9%) $585,800 (-0.2%) 0.00 154
    2023-01-01 $442,250 (10.8%) $606,695 (-0.4%) 0.00 152
    2023-02-01 $448,250 (15.5%) $583,878 (-9.3%) 0.00 145
    2023-03-01 $440,250 (1.8%) $579,355 (-10.2%) 0.00 135
    2023-04-01 $439,000 (6.4%) $563,718 (-7.2%) 0.00 147
    2023-05-01 $427,500 (7.0%) $553,686 (-3.7%) 0.00 170
    2023-06-01 $454,500 (9.0%) $580,119 (3.2%) 0.00 190
    2023-07-01 $449,000 (9.8%) $574,647 (6.4%) 0.00 235
    2023-08-01 $449,700 (4.3%) $594,908 (7.8%) 0.00 242
    2023-09-01 $435,000 (2.8%) $584,560 (4.4%) 0.00 228
    2023-10-01 $439,000 (2.3%) $604,660 (6.4%) 0.00 222
    2023-11-01 $426,000 (-0.6%) $600,918 (6.5%) 0.00 225
    2023-12-01 $429,000 (0.9%) $601,317 (2.7%) 0.00 210
    2024-01-01 $448,500 (1.4%) $626,727 (3.3%) 0.00 188
    2024-02-01 $425,000 (-5.2%) $600,212 (2.8%) 0.00 181
    2024-03-01 $399,000 (-9.4%) $593,550 (2.5%) 0.00 173
    Coos Bay's median listing price for 2024-03-01 was $399,000, a difference of $-41,250 (-9.4%) versus the prior year and $-26,000 versus the prior month.

    Coos Bay's median listing price comes in at 0% of the national average.

    Coos Bay's average listing price for 2024-03-01 was $593,550, a difference of $14,195 (2.5%) versus the prior year and $-6,662 versus the prior month.

    For the 2024-03-01 period, Coos Bay had 173 MLS listings, a difference of -8 listings (-4%) versus the prior month and 38 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Coos Bay (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,730 sqft
    2018-02-01 0 days 1,744 sqft
    2018-03-01 0 days 1,787 sqft
    2018-04-01 0 days 1,841 sqft
    2018-05-01 0 days 1,800 sqft
    2018-06-01 0 days 1,781 sqft
    2018-07-01 0 days 1,755 sqft
    2018-08-01 0 days 1,738 sqft
    2018-09-01 0 days 1,773 sqft
    2018-10-01 0 days 1,780 sqft
    2018-11-01 0 days 1,774 sqft
    2018-12-01 0 days 1,736 sqft
    2019-01-01 0 days 1,729 sqft
    2019-02-01 0 days 1,751 sqft
    2019-03-01 0 days 1,743 sqft
    2019-04-01 0 days 1,725 sqft
    2019-05-01 0 days 1,736 sqft
    2019-06-01 0 days 1,728 sqft
    2019-07-01 0 days 1,765 sqft
    2019-08-01 0 days 1,805 sqft
    2019-09-01 0 days 1,814 sqft
    2019-10-01 0 days 1,825 sqft
    2019-11-01 0 days 1,845 sqft
    2019-12-01 0 days 1,836 sqft
    2020-01-01 0 days 1,798 sqft
    2020-02-01 0 days 1,882 sqft
    2020-03-01 0 days 1,844 sqft
    2020-04-01 0 days 1,826 sqft
    2020-05-01 0 days 1,860 sqft
    2020-06-01 0 days 1,877 sqft
    2020-07-01 0 days 1,869 sqft
    2020-08-01 0 days 1,873 sqft
    2020-09-01 0 days 1,860 sqft
    2020-10-01 0 days 1,838 sqft
    2020-11-01 0 days 1,693 sqft
    2020-12-01 0 days 1,508 sqft
    2021-01-01 0 days 1,680 sqft
    2021-02-01 0 days 1,646 sqft
    2021-03-01 0 days 1,698 sqft
    2021-04-01 0 days 1,634 sqft
    2021-05-01 0 days 1,582 sqft
    2021-06-01 0 days 1,650 sqft
    2021-07-01 0 days 1,759 sqft
    2021-08-01 0 days 1,795 sqft
    2021-09-01 0 days 1,780 sqft
    2021-10-01 0 days 1,693 sqft
    2021-11-01 0 days 1,686 sqft
    2021-12-01 0 days 1,701 sqft
    2022-01-01 0 days 1,708 sqft
    2022-02-01 0 days 1,583 sqft
    2022-03-01 0 days 1,728 sqft
    2022-04-01 0 days 1,786 sqft
    2022-05-01 0 days 1,752 sqft
    2022-06-01 0 days 1,654 sqft
    2022-07-01 0 days 1,616 sqft
    2022-08-01 0 days 1,683 sqft
    2022-09-01 0 days 1,693 sqft
    2022-10-01 0 days 1,825 sqft
    2022-11-01 0 days 1,746 sqft
    2022-12-01 0 days 1,823 sqft
    2023-01-01 0 days 1,784 sqft
    2023-02-01 0 days 1,782 sqft
    2023-03-01 0 days 1,762 sqft
    2023-04-01 0 days 1,756 sqft
    2023-05-01 0 days 1,802 sqft
    2023-06-01 0 days 1,831 sqft
    2023-07-01 0 days 1,798 sqft
    2023-08-01 0 days 1,820 sqft
    2023-09-01 0 days 1,763 sqft
    2023-10-01 0 days 1,722 sqft
    2023-11-01 0 days 1,742 sqft
    2023-12-01 0 days 1,760 sqft
    2024-01-01 0 days 1,808 sqft
    2024-02-01 0 days 1,761 sqft
    2024-03-01 0 days 1,660 sqft
    Coos Bay's median listing age (time on market) for 2024-03-01 was 0 days.

    Coos Bay's median square footage for active listings during the 2024-03-01 period was 1,660 sqft. One year prior, the average listing was 1,762 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.