Corvallis VA Loan Rates, Closing Costs & Stats

CORVALLIS, 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.

    Corvallis's 30 lenders originated 61 VA loans during 2024. The total origination value was $29,255,000, with an average VA loan value of $479,590.

    Corvallis VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Corvallis averaged 0.64% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Corvallis's average VA mortgage closing costs are $7,751.

    The average rate for the prior week (2025-06-27) was 6.77% and one month ago for the week of 2025-05-30, the average rate was 6.9%.

    The average rate one year ago was 7.01%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.1%.

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

    Corvallis 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 Corvallis level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 8 5.81% $8,673
    Mortgage Research Center, LLC 8 6.19% $7,475
    GUILD MORTGAGE COMPANY 4 6.41% $16,263
    Century Mortgage Company DBA Century Lending Company 3 6.33% $8,181
    UNION HOME MORTGAGE CORP. 3 6.29% $13,169
    NEWREZ LLC 3 5.88% $13,829
    NAVY FEDERAL CREDIT UNION 2 5.88% $2,713
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.88% $5,775
    Umpqua Bank 2 6.19% $12,242
    QUICKEN LOANS, LLC 2 6.44% $8,024
    Mr. Cooper ( Nationstar Mortgage ) 1 6.00% $27,153
    NATIONS DIRECT MORTGAGE, LLC 1 6.63% $3,394
    North American Savings Bank, F.S.B. 1 5.25% $6,787
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $29,301
    PREMIA MORTGAGE, LLC 1 5.99% $1,773
    Sierra Pacific Mortgage Company, Inc. 1 6.25% $15,392
    The Federal Savings Bank 1 6.25% $16,342
    USAA Federal Savings Bank 1 5.63% $14,799
    U.S. Bank 1 6.13% $12,690
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $30,997
    V.I.P. MORTGAGE, INC. 1 6.25% $8,118
    AXIA FINANCIAL, LLC 1 5.99% $12,075
    CROSSCOUNTRY MORTGAGE, LLC 1 5.25% $7,050
    DAS Acquisition Company, LLC 1 6.50% $15,062
    DIRECTORS MORTGAGE, INC. 1 7.00% $9,032
    ENVOY MORTGAGE, LTD 1 6.50% $22,326
    JPMorgan Chase Bank 1 5.63% $500
    LOANDEPOT.COM, LLC 1 6.13% $4,369
    MORTGAGE EXPRESS, LLC 1 6.13% $23,540
    MOVEMENT MORTGAGE, LLC 1 6.25% $11,670

    The top Corvallis VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 8 VA loans originated. Their average total fees are $8,673, which is $1,198 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Corvallis VA lenders (with over 10 loans originated) are .

    The lowest rate Corvallis VA lenders (with over 10 loans originated) are .

    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.