Coos Bay VA Loan Rates, Closing Costs & Stats

Coos Bay, 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 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 57 lenders originated 192 VA loans during 2022. The total origination value was $65,130,000, with an average VA loan value of $339,219.

Coos Bay VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Coos Bay averaged 6.38% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Coos Bay's average VA mortgage closing costs are $6,048.

The average rate for the prior week (2024-02-23) was 6.41% and one month ago for the week of 2024-01-26, the average rate was 6.13%.

The average rate one year ago was 6.17%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.62%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GUILD MORTGAGE COMPANY 22 4.26% $14,106
Mortgage Research Center, LLC 21 5.18% $6,296
PENNYMAC LOAN SERVICES, LLC 9 3.17% $7,634
NAVY FEDERAL CREDIT UNION 9 4.15% $9,187
QUICKEN LOANS, LLC 8 3.56% $7,261
FREEDOM MORTGAGE CORPORATION 8 4.47% $10,321
LOANDEPOT.COM, LLC 7 4.66% $9,267
CALIBER HOME LOANS, INC. 7 4.72% $6,554
The Federal Savings Bank 7 4.75% $14,449
Barrington Bank & Trust Company, N.A. 5 4.33% $10,417
DIRECTORS MORTGAGE, INC. 5 4.68% $16,522
USAA Federal Savings Bank 5 4.35% $7,776
UNITED WHOLESALE MORTGAGE, LLC 4 3.49% $14,829
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 4.00% $9,035
NEW DAY FINANCIAL, LLC 4 6.02% $18,031
ROGUE 4 4.56% $6,754
Century Mortgage Company DBA Century Lending Company 4 4.00% $10,061
Umpqua Bank 3 5.54% $9,305
North American Savings Bank, F.S.B. 3 4.21% $19,876
CROSSCOUNTRY MORTGAGE, LLC 3 4.12% $11,502
NATIONS DIRECT MORTGAGE, LLC 3 4.37% $9,130
Banner Bank 3 5.04% $3,189
Willamette Valley Bank 2 5.31% $24,106
CANOPY MORTGAGE, LLC 2 5.25% $14,859
Ixonia Bank 2 6.63% $17,449
NEWREZ LLC 2 3.62% $15,800
SUN WEST MORTGAGE COMPANY, INC. 2 3.44% $5,645
Magnolia Bank 1 3.63% $8,008
MID AMERICA MORTGAGE, INC. 1 5.13% $3,801
MORTGAGE EXPRESS, LLC 1 6.13% $14,161
HOME POINT FINANCIAL CORPORATION 1 3.75% $4,272
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $9,401
GUARANTEED RATE, INC. 1 5.75% $15,208
Nations Lending Corporation 1 3.25% $22,965
First Home Bank 1 4.63% $9,490
FINANCE OF AMERICA MORTGAGE LLC 1 4.25% $0
West Town Bank & Trust 1 4.75% $13,812
Cornerstone First Mortgage, Inc 1 4.63% $4,929
NORTHWEST COMMUNITY 1 3.88% $15,431
OCMBC, INC. 1 3.75% $8,953
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 4.25% $13,480
Commerce Home Mortgage, Inc. 1 4.88% $3,244
PENTAGON FEDERAL CREDIT UNION 1 2.63% $3,411
CHERRY CREEK MORTGAGE, LLC 1 5.25% $11,740
Carrington Mortgage Services, LLC 1 4.75% $800
SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $9,812
SUMMIT FUNDING, INC. 1 5.25% $2,160
Armed Forces Bank 1 4.50% $12,604
CARDINAL FINANCIAL 1 3.75% $5,436
CAPSTONE DIRECT, INC. 1 2.75% $3,250
Capital Bank 1 4.50% $6,629
BAY EQUITY LLC 1 6.75% $7,888
U.S. Bank 1 4.99% $16,001
VILLAGE CAPITAL MORTGAGE 1 3.88% $16,013
Wells Fargo Bank 1 4.00% $9,667
LAKEVIEW LOAN SERVICING, LLC 1 2.75% $2,022
HOMESIDE FINANCIAL, LLC 1 2.25% $5,090

The top Coos Bay VA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 22 VA loans originated. Their average total fees are $14,106, which is $7,810 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Coos Bay VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,296), GUILD MORTGAGE COMPANY ($14,106), .

The lowest rate Coos Bay VA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (4.26%), Mortgage Research Center, LLC (5.18%), .


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
Coos Bay's median listing price for 2024-01-01 was $448,500, a difference of $6,250 (1.4%) versus the prior year and $19,500 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 2024-01-01 was $626,727, a difference of $20,032 (3.3%) versus the prior year and $25,410 versus the prior month.

For the 2024-01-01 period, Coos Bay had 188 MLS listings, a difference of -22 listings (-10%) versus the prior month and 36 listings (24%) 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
Coos Bay's median listing age (time on market) for 2024-01-01 was 0 days.

Coos Bay's median square footage for active listings during the 2024-01-01 period was 1,808 sqft. One year prior, the average listing was 1,784 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.