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 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 0.37% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.74% and one month ago for the week of 2024-10-25, the average rate was 6.53%.

The average rate one year ago was 7.18%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.2%.

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
2024-04-01 $423,250 (-3.6%) $579,781 (2.9%) 0.00 207
2024-05-01 $420,000 (-1.8%) $575,033 (3.9%) 0.00 233
2024-06-01 $439,000 (-3.4%) $622,405 (7.3%) 0.00 268
2024-07-01 $449,000 (0.0%) $622,826 (8.4%) 0.00 297
2024-08-01 $439,000 (-2.4%) $606,561 (2.0%) 0.00 284
2024-09-01 $438,000 (0.7%) $608,303 (4.1%) 0.00 275
2024-10-01 $442,000 (0.7%) $623,968 (3.2%) 0.00 270
Coos Bay's median listing price for 2024-10-01 was $442,000, a difference of $3,000 (0.7%) versus the prior year and $4,000 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 2024-10-01 was $623,968, a difference of $19,308 (3.2%) versus the prior year and $15,665 versus the prior month.

For the 2024-10-01 period, Coos Bay had 270 MLS listings, a difference of -5 listings (-2%) versus the prior month and 48 listings (22%) 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
2024-04-01 0 days 1,665 sqft
2024-05-01 0 days 1,680 sqft
2024-06-01 0 days 1,680 sqft
2024-07-01 0 days 1,665 sqft
2024-08-01 0 days 1,686 sqft
2024-09-01 0 days 1,725 sqft
2024-10-01 0 days 1,770 sqft
Coos Bay's median listing age (time on market) for 2024-10-01 was 0 days.

Coos Bay's median square footage for active listings during the 2024-10-01 period was 1,770 sqft. One year prior, the average listing was 1,722 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.