Eugene VA Loans

EUGENE-SPRINGFIELD, 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 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.

    Eugene's 125 lenders originated 1,782 VA loans during 2021. The total origination value was $561,410,000, with an average VA loan value of $315,045.

    Eugene VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Eugene averaged 5.39% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.4% and one month ago for the week of 2022-04-15, the average rate was 5.06%.

    The average rate one year ago was 3.35%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.38%.

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

    Eugene VA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Eugene level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FREEDOM MORTGAGE CORPORATION 169 2.39% $3,968
    QUICKEN LOANS, LLC 107 2.43% $5,956
    SUMMIT FUNDING, INC. 104 2.93% $8,223
    Mortgage Research Center, LLC 93 2.76% $6,076
    LOANDEPOT.COM, LLC 92 2.58% $7,258
    CALIBER HOME LOANS, INC. 71 2.58% $7,018
    GUILD MORTGAGE COMPANY 70 2.80% $6,350
    PENNYMAC LOAN SERVICES, LLC 66 2.41% $6,178
    CMG MORTGAGE, INC. 53 2.36% $6,087
    CROSSCOUNTRY MORTGAGE, LLC 41 2.76% $11,860
    UNITED WHOLESALE MORTGAGE, LLC 38 2.46% $5,097
    FINANCE OF AMERICA MORTGAGE LLC 38 2.89% $6,717
    LAKEVIEW LOAN SERVICING, LLC 35 2.52% $3,322
    The Federal Savings Bank 35 2.52% $10,169
    HOMEBRIDGE FINANCIAL SERVICES, INC. 32 2.61% $7,249
    NEW DAY FINANCIAL, LLC 29 2.67% $8,672
    DIRECTORS MORTGAGE, INC. 28 2.86% $9,034
    Umpqua Bank 28 2.83% $6,911
    NATIONS DIRECT MORTGAGE, LLC 27 2.80% $8,152
    NAVY FEDERAL CREDIT UNION 25 2.49% $6,189
    USAA Federal Savings Bank 23 2.86% $4,569
    HOME POINT FINANCIAL CORPORATION 23 2.39% $6,490
    InterContinental Capital Group, Inc 16 2.35% $4,788
    NORTHWEST COMMUNITY 15 2.48% $5,429
    Mr. Cooper ( Nationstar Mortgage ) 14 2.81% $4,015
    STEARNS LENDING, LLC 14 2.44% $7,348
    VILLAGE CAPITAL & INVESTMENT LLC 14 2.38% $3,731
    NEWREZ LLC 13 2.68% $5,218
    CHERRY CREEK MORTGAGE, LLC 11 2.47% $11,231
    Low VA Rates, LLC 11 2.36% $4,371
    Wells Fargo Bank 9 2.56% $4,502
    AMERISAVE MORTGAGE CORPORATION 9 2.63% $5,597
    AMERICAN FINANCIAL NETWORK, INC. 8 2.66% $9,637
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 2.67% $5,794
    BROKER SOLUTIONS, INC. 7 2.28% $5,332
    PENTAGON FEDERAL CREDIT UNION 7 2.25% $3,029
    SOVEREIGN LENDING GROUP INCORPORATED 7 2.48% $9,067
    First Guaranty Mortgage Corporation 7 2.32% $4,591
    PREMIER MORTGAGE RESOURCES, L.L.C. 7 2.66% $6,895
    Banner Bank 6 2.38% $6,021
    MORTGAGE EXPRESS, LLC 6 2.88% $9,642
    Sierra Pacific Mortgage Company, Inc. 6 2.60% $10,276
    PLANET HOME LENDING, LLC 6 2.35% $2,471
    Flagstar Bank, FSB 6 2.73% $5,484
    MUTUAL OF OMAHA MORTGAGE, INC. 6 2.75% $6,651
    NETWORK CAPITAL FUNDING CORPORATION 6 2.60% $4,705
    MANN FINANCIAL INC. 6 3.35% $10,531
    ACCELERATE MORTGAGE, LLC 6 2.46% $10,996
    MOVEMENT MORTGAGE, LLC 5 3.00% $6,287
    ON Q FINANCIAL, INC. 5 2.58% $6,244
    PACIFIC RESIDENTIAL MORTGAGE, LLC 5 2.90% $7,518
    Carrington Mortgage Services, LLC 5 2.78% $6,844
    HomeStreet Bank 4 2.38% $2,907
    First Federal Bank 4 2.97% $9,203
    North American Savings Bank, F.S.B. 4 2.38% $5,049
    GENEVA FINANCIAL, LLC 4 3.16% $6,844
    Magnolia Bank 4 2.84% $10,958
    ACADEMY MORTGAGE CORPORATION 3 2.58% $7,327
    AMERICAN FINANCIAL RESOURCES, INC. 3 2.88% $9,730
    AMERICAN FINANCING CORPORATION 3 2.63% $1,358
    BECKAM FUNDING CORP. 3 2.67% $4,947
    BNC National Bank 3 2.33% $2,973
    CLEARPATH LENDING 3 2.08% $4,392
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 3.54% $10,196
    LADERA LENDING, INC. 3 2.54% $8,399
    Nations Lending Corporation 3 3.04% $14,950
    NBKC BANK 3 2.42% $9,967
    NP, Inc. 3 2.25% $4,960
    PLAZA HOME MORTGAGE, INC. 3 2.54% $5,293
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 2.71% $5,679
    SUMMIT MORTGAGE CORPORATION 3 2.63% $2,422
    SUN WEST MORTGAGE COMPANY, INC. 3 2.33% $3,327
    U.S. Bank 3 2.88% $6,663
    Willamette Valley Bank 3 2.67% $877
    CELEBRITY HOME LOANS, LLC 2 2.69% $3,733
    EVERETT FINANCIAL, INC. 2 3.00% $12,389
    TruHome Solutions, LLC 2 2.63% $3,471
    Community First National Bank 2 2.94% $7,582
    CANOPY MORTGAGE, LLC 2 2.87% $8,735
    Commerce Home Mortgage, Inc. 2 2.75% $6,568
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.63% $8,577
    DHI MORTGAGE COMPANY, LTD. 2 2.63% $10,742
    LENDUS, LLC 2 2.50% $9,877
    LENDING 3, INC. 2 2.63% $7,132
    Wyndham Capital Mortgage, Inc. 2 2.50% $3,002
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 2.87% $8,986
    The Central Trust Bank 2 2.25% $12,020
    BAYSHORE MORTGAGE FUNDING, LLC 2 2.31% $3,523
    RANLIFE, INC. 1 2.25% $24,963
    ROGUE 1 2.75% $3,446
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $8,946
    SECURITYNATIONAL MORTGAGE COMPANY 1 3.75% $6,607
    Century Mortgage Company DBA Century Lending Company 1 2.75% $4,183
    SRE MORTGAGE ALLIANCE INC. 1 2.25% $2,006
    S&S Financial 1 2.25% $5,002
    Stifel Bank and Trust 1 2.75% $2,944
    Strong Home Mortgage, LLC 1 2.25% $1,655
    BEST CAPITAL FUNDING 1 2.75% $5,439
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.75% $16,097
    ZILLOW HOME LOANS, LLC 1 2.75% $4,364
    TJC Mortgage, Inc. 1 2.25% $1,898
    TOP FLITE FINANCIAL, INC. 1 2.25% $3,416
    Barrington Bank & Trust Company, N.A. 1 2.25% $5,910
    UNITED MORTGAGE CORP. 1 2.88% $17,501
    MORTGAGE ACCESS CORP. 1 2.75% $2,993
    MID AMERICA MORTGAGE, INC. 1 2.75% $2,316
    LPMC, LLC 1 3.25% $0
    IMPAC MORTGAGE CORP. 1 2.38% $1,132
    HOMESIDE FINANCIAL, LLC 1 2.25% $4,458
    Bank of England 1 2.25% $2,325
    Ameris Bank 1 2.63% $14,800
    Goldwater Bank, N.A. 1 2.50% $3,721
    Gateway First Bank 1 3.00% $4,509
    First Mortgage Solutions, LLC 1 2.50% $23,140
    FBC MORTGAGE, LLC 1 2.38% $3,691
    OCMBC, INC. 1 2.25% $3,080
    OnPoint Community Credit Union 1 2.75% $3,399
    OPEN MORTGAGE, LLC 1 2.50% $4,579
    DATA MORTGAGE, INC. 1 3.13% $905
    CORNERSTONE HOME LENDING, INC. 1 3.25% $4,404
    COASTAL FUNDING SLC, INC. 1 2.88% $5,805
    Washington Trust Bank 1 2.38% $6,070
    Prime Choice Funding Inc. 1 2.25% $2,404
    Prosperity Home Mortgage, LLC 1 2.25% $10,328
    CITYWIDE HOME LOANS, LLC 1 2.25% $2,652

    The top Eugene VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 169 VA loans originated. Their average total fees are $3,968, which is $1,988 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Eugene VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($3,322), VILLAGE CAPITAL & INVESTMENT LLC ($3,731), FREEDOM MORTGAGE CORPORATION ($3,968), Mr. Cooper ( Nationstar Mortgage ) ($4,015) and Low VA Rates, LLC ($4,371).

    The lowest rate Eugene VA lenders (with over 10 loans originated) are InterContinental Capital Group, Inc (2.35%), CMG MORTGAGE, INC. (2.36%), Low VA Rates, LLC (2.36%), VILLAGE CAPITAL & INVESTMENT LLC (2.38%) and HOME POINT FINANCIAL CORPORATION (2.39%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Eugene (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 $349,445 (7.5%) $424,936 (1.2%) 1.29 680
    2018-02-01 $375,000 (8.9%) $463,401 (6.1%) 1.35 615
    2018-03-01 $399,000 (14.3%) $475,112 (8.8%) 1.38 619
    2018-04-01 $404,950 (15.7%) $489,632 (10.9%) 1.36 681
    2018-05-01 $414,450 (12.2%) $497,757 (2.5%) 1.38 732
    2018-06-01 $388,000 (7.8%) $476,565 (1.9%) 1.29 914
    2018-07-01 $389,900 (11.4%) $480,887 (11.2%) 1.30 939
    2018-08-01 $374,950 (8.2%) $472,021 (12.5%) 1.25 1,059
    2018-09-01 $370,000 (10.5%) $469,972 (14.6%) 1.24 1,039
    2018-10-01 $369,900 (8.8%) $467,403 (12.2%) 1.24 973
    2018-11-01 $365,000 (4.3%) $463,339 (7.2%) 1.22 930
    2018-12-01 $369,000 (8.5%) $474,419 (9.2%) 1.26 799
    2019-01-01 $369,500 (5.7%) $477,000 (12.3%) 1.27 667
    2019-02-01 $384,500 (2.5%) $483,158 (4.3%) 1.29 635
    2019-03-01 $390,814 (-2.1%) $473,404 (-0.4%) 1.27 612
    2019-04-01 $379,450 (-6.3%) $451,332 (-7.8%) 1.19 628
    2019-05-01 $381,750 (-7.9%) $454,036 (-8.8%) 1.18 703
    2019-06-01 $382,240 (-1.5%) $458,878 (-3.7%) 1.18 799
    2019-07-01 $399,000 (2.3%) $473,349 (-1.6%) 1.24 807
    2019-08-01 $388,571 (3.6%) $465,475 (-1.4%) 1.22 818
    2019-09-01 $383,521 (3.7%) $460,334 (-2.1%) 1.22 833
    2019-10-01 $389,900 (5.4%) $464,180 (-0.7%) 1.24 795
    2019-11-01 $405,000 (11.0%) $483,139 (4.3%) 1.31 672
    2019-12-01 $401,000 (8.7%) $482,072 (1.6%) 1.34 534
    2020-01-01 $400,000 (8.3%) $476,097 (-0.2%) 1.33 489
    2020-02-01 $400,000 (4.0%) $473,072 (-2.1%) 1.29 463
    2020-03-01 $415,500 (6.3%) $485,993 (2.7%) 1.30 514
    2020-04-01 $403,500 (6.3%) $475,470 (5.4%) 1.26 654
    2020-05-01 $425,000 (11.3%) $490,922 (8.1%) 1.29 638
    2020-06-01 $450,000 (17.7%) $508,896 (10.9%) 1.31 588
    2020-07-01 $427,250 (7.1%) $496,063 (4.8%) 1.22 519
    2020-08-01 $434,900 (11.9%) $510,500 (9.7%) 1.24 485
    2020-09-01 $447,250 (16.6%) $527,604 (14.6%) 1.28 479
    2020-10-01 $449,900 (15.4%) $535,874 (15.5%) 1.29 459
    2020-11-01 $439,500 (8.5%) $544,685 (12.7%) 1.26 377
    2020-12-01 $437,500 (9.1%) $556,610 (15.5%) 1.28 325
    2021-01-01 $425,000 (6.3%) $548,618 (15.2%) 1.25 264
    2021-02-01 $420,000 (5.0%) $534,757 (13.0%) 1.21 252
    2021-03-01 $435,000 (4.7%) $551,165 (13.4%) 1.22 247
    2021-04-01 $438,250 (8.6%) $565,174 (18.9%) 1.18 259
    2021-05-01 $450,000 (5.9%) $576,824 (17.5%) 1.18 312
    2021-06-01 $451,500 (0.3%) $602,848 (18.5%) 1.17 350
    2021-07-01 $449,450 (5.2%) $589,338 (18.8%) 1.17 396
    2021-08-01 $462,400 (6.3%) $611,028 (19.7%) 1.22 453
    2021-09-01 $456,495 (2.1%) $623,479 (18.2%) 1.20 426
    2021-10-01 $457,500 (1.7%) $625,351 (16.7%) 1.20 404
    2021-11-01 $468,750 (6.7%) $650,297 (19.4%) 1.24 344
    2021-12-01 $465,000 (6.3%) $638,867 (14.8%) 1.24 272
    2022-01-01 $459,900 (8.2%) $645,150 (17.6%) 1.23 233
    2022-02-01 $474,950 (13.1%) $664,883 (24.3%) 1.21 234
    2022-03-01 $467,500 (7.5%) $617,916 (12.1%) 1.15 242
    2022-04-01 $489,900 (11.8%) $623,898 (10.4%) 1.15 261
    Eugene's median listing price for 2022-04-01 was $489,900, a difference of $51,650 (11.8%) versus the prior year and $22,400 versus the prior month.

    Eugene's median listing price comes in at 115% of the national average.

    Eugene's average listing price for 2022-04-01 was $623,898, a difference of $58,724 (10.4%) versus the prior year and $5,982 versus the prior month.

    For the 2022-04-01 period, Eugene had 261 MLS listings, a difference of 19 listings (8%) versus the prior month and 2 listings (1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Eugene (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 81 days 1,933 sqft
    2018-02-01 66 days 1,983 sqft
    2018-03-01 49 days 2,009 sqft
    2018-04-01 44 days 2,049 sqft
    2018-05-01 39 days 2,063 sqft
    2018-06-01 36 days 1,951 sqft
    2018-07-01 41 days 1,948 sqft
    2018-08-01 42 days 1,928 sqft
    2018-09-01 49 days 1,912 sqft
    2018-10-01 59 days 1,908 sqft
    2018-11-01 58 days 1,857 sqft
    2018-12-01 62 days 1,856 sqft
    2019-01-01 72 days 1,844 sqft
    2019-02-01 67 days 1,896 sqft
    2019-03-01 52 days 1,879 sqft
    2019-04-01 41 days 1,836 sqft
    2019-05-01 29 days 1,857 sqft
    2019-06-01 34 days 1,872 sqft
    2019-07-01 39 days 1,953 sqft
    2019-08-01 39 days 1,929 sqft
    2019-09-01 43 days 1,921 sqft
    2019-10-01 51 days 1,938 sqft
    2019-11-01 63 days 1,992 sqft
    2019-12-01 73 days 1,957 sqft
    2020-01-01 75 days 1,950 sqft
    2020-02-01 53 days 1,960 sqft
    2020-03-01 41 days 1,946 sqft
    2020-04-01 38 days 1,906 sqft
    2020-05-01 56 days 1,947 sqft
    2020-06-01 53 days 2,023 sqft
    2020-07-01 51 days 1,946 sqft
    2020-08-01 44 days 1,948 sqft
    2020-09-01 35 days 1,908 sqft
    2020-10-01 37 days 1,844 sqft
    2020-11-01 55 days 1,739 sqft
    2020-12-01 70 days 1,718 sqft
    2021-01-01 70 days 1,639 sqft
    2021-02-01 50 days 1,590 sqft
    2021-03-01 42 days 1,619 sqft
    2021-04-01 39 days 1,633 sqft
    2021-05-01 30 days 1,663 sqft
    2021-06-01 31 days 1,741 sqft
    2021-07-01 34 days 1,736 sqft
    2021-08-01 34 days 1,708 sqft
    2021-09-01 38 days 1,782 sqft
    2021-10-01 42 days 1,736 sqft
    2021-11-01 46 days 1,748 sqft
    2021-12-01 49 days 1,649 sqft
    2022-01-01 56 days 1,653 sqft
    2022-02-01 34 days 1,724 sqft
    2022-03-01 32 days 1,662 sqft
    2022-04-01 30 days 1,701 sqft
    Eugene's median listing age (time on market) for 2022-04-01 was 30 days. This is -22% shorter than the same period one year ago.

    Eugene's median square footage for active listings during the 2022-04-01 period was 1,701 sqft. One year prior, the average listing was 1,633 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.