Eugene VA Loan Rates, Closing Costs & Stats

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 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.

    Eugene's 66 lenders originated 310 VA loans during 2023. The total origination value was $125,200,000, with an average VA loan value of $403,871.

    Eugene VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Eugene averaged 6.74% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Eugene's average VA mortgage closing costs are $6,880.

    The average rate for the prior week (2024-04-12) was 6.97% and one month ago for the week of 2024-03-15, the average rate was 6.83%.

    The average rate one year ago was 6.32%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.43%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Eugene level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 37 5.89% $8,960
    Mortgage Research Center, LLC 36 6.65% $7,680
    SUMMIT FUNDING, INC. 23 6.50% $8,085
    QUICKEN LOANS, LLC 18 5.89% $16,196
    CMG MORTGAGE, INC. 15 6.16% $10,769
    FREEDOM MORTGAGE CORPORATION 15 6.08% $14,444
    NAVY FEDERAL CREDIT UNION 14 5.74% $5,158
    AMERICAN PACIFIC MORTGAGE CORPORATION 12 6.45% $11,667
    DHI MORTGAGE COMPANY, LTD. 9 5.58% $6,719
    LOANDEPOT.COM, LLC 9 6.36% $16,178
    Century Mortgage Company DBA Century Lending Company 6 6.25% $7,601
    DIRECTORS MORTGAGE, INC. 5 6.45% $19,853
    MANN FINANCIAL INC. 5 6.23% $7,238
    NEWREZ LLC 5 6.03% $10,597
    Umpqua Bank 5 6.88% $11,816
    BROKER SOLUTIONS, INC. 4 6.59% $23,799
    CROSSCOUNTRY MORTGAGE, LLC 4 6.20% $12,878
    The Federal Savings Bank 4 6.09% $22,220
    MOVEMENT MORTGAGE, LLC 3 6.38% $7,882
    EAGLE HOME MORTGAGE, LLC 3 6.08% $10,192
    NOVA FINANCIAL & INVESTMENT CORPORATION 3 6.54% $7,368
    PENNYMAC LOAN SERVICES, LLC 3 5.25% $13,107
    NATIONS DIRECT MORTGAGE, LLC 3 6.25% $18,964
    Willamette Valley Bank 2 5.81% $12,229
    Franklin Loan Corporation 2 6.00% $16,600
    GUARANTEED RATE, INC. 2 5.98% $2,793
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.75% $4,589
    Magnolia Bank 2 5.88% $18,168
    Mr. Cooper ( Nationstar Mortgage ) 2 5.69% $22,966
    NEW DAY FINANCIAL, LLC 2 7.37% $16,696
    TruHome Solutions, LLC 2 5.50% $8,393
    VERITAS FUNDING, LLC 2 6.06% $37,581
    USAA Federal Savings Bank 1 5.75% $6,669
    INTERCAP LENDING INC. 1 6.63% $15,646
    MASON MCDUFFIE MORTGAGE CORPORATION 1 7.75% $17,615
    MORTGAGE EXPRESS, LLC 1 5.00% $15,210
    GUILD MORTGAGE COMPANY 1 6.63% $11,296
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $99
    Flagstar Bank, FSB 1 6.75% $472
    Academy Bank 1 5.75% $6,309
    First Federal Bank 1 6.25% $6,881
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.25% $7,378
    VILLAGE CAPITAL MORTGAGE 1 5.75% $13,471
    Equity Prime Mortgage LLC 1 6.50% $8,228
    NexBank 1 6.25% $7,054
    CHERRY CREEK MORTGAGE, LLC 1 5.75% $0
    CALIBER HOME LOANS, INC. 1 6.25% $9,585
    PLANET HOME LENDING, LLC 1 5.00% $25,403
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 4.88% $15,384
    Prosperity Home Mortgage, LLC 1 5.13% $20,539
    BNC National Bank 1 6.00% $5,148
    ROGUE 1 6.13% $6,974
    S1L, Inc. 1 6.75% $22,260
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $12,003
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.00% $24,701
    BAY EQUITY LLC 1 6.13% $19
    SUMMIT MORTGAGE CORPORATION 1 6.25% $13,680
    AMERISAVE MORTGAGE CORPORATION 1 7.13% $10,816
    V.I.P. MORTGAGE, INC. 1 5.75% $7,040
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.00% $8,805
    AMERICAN FINANCIAL NETWORK, INC. 1 7.00% $0
    KeyBank 1 4.88% $15,175
    LADERA LENDING, INC. 1 6.50% $11,405
    LAKEVIEW LOAN SERVICING, LLC 1 6.50% $9,388
    ISERVE RESIDENTIAL LENDING, LLC 1 6.25% $21,456
    LPMC, LLC 1 5.75% $7,101

    The top Eugene VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 37 VA loans originated. Their average total fees are $8,960, which is $1,280 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Eugene VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,158), Mortgage Research Center, LLC ($7,680), SUMMIT FUNDING, INC. ($8,085), UNITED WHOLESALE MORTGAGE, LLC ($8,960) and CMG MORTGAGE, INC. ($10,769).

    The lowest rate Eugene VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.74%), QUICKEN LOANS, LLC (5.89%), UNITED WHOLESALE MORTGAGE, LLC (5.89%), FREEDOM MORTGAGE CORPORATION (6.08%) and CMG MORTGAGE, INC. (6.16%).

    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 $343,248 (5.6%) $424,259 (1.7%) 1.27 657
    2018-02-01 $372,450 (8.2%) $464,865 (6.4%) 1.35 598
    2018-03-01 $394,950 (13.2%) $476,747 (8.2%) 1.39 599
    2018-04-01 $399,995 (14.3%) $489,077 (9.9%) 1.36 654
    2018-05-01 $407,498 (11.0%) $498,672 (11.1%) 1.36 697
    2018-06-01 $385,000 (7.1%) $472,030 (7.6%) 1.28 872
    2018-07-01 $389,375 (11.3%) $481,076 (11.5%) 1.30 915
    2018-08-01 $371,200 (7.6%) $470,755 (12.2%) 1.24 1,036
    2018-09-01 $369,000 (10.2%) $467,745 (13.8%) 1.24 1,012
    2018-10-01 $368,625 (8.5%) $465,156 (11.7%) 1.25 952
    2018-11-01 $361,450 (3.3%) $461,338 (7.7%) 1.23 908
    2018-12-01 $365,000 (7.4%) $470,922 (10.1%) 1.26 784
    2019-01-01 $366,950 (6.9%) $475,780 (12.1%) 1.27 654
    2019-02-01 $382,350 (2.7%) $478,407 (2.9%) 1.29 625
    2019-03-01 $385,643 (-2.4%) $474,432 (-0.5%) 1.26 602
    2019-04-01 $379,450 (-5.1%) $454,133 (-7.1%) 1.20 621
    2019-05-01 $383,620 (-5.9%) $456,331 (-8.5%) 1.20 702
    2019-06-01 $385,000 (0.0%) $463,849 (-1.7%) 1.20 791
    2019-07-01 $398,975 (2.5%) $474,040 (-1.5%) 1.25 798
    2019-08-01 $395,964 (6.7%) $469,712 (-0.2%) 1.25 795
    2019-09-01 $392,609 (6.4%) $467,003 (-0.2%) 1.26 800
    2019-10-01 $390,248 (5.9%) $463,136 (-0.4%) 1.26 790
    2019-11-01 $397,000 (9.8%) $469,424 (1.8%) 1.30 670
    2019-12-01 $399,000 (9.3%) $469,106 (-0.4%) 1.33 530
    2020-01-01 $399,000 (8.7%) $467,131 (-1.8%) 1.33 492
    2020-02-01 $399,000 (4.4%) $472,766 (-1.2%) 1.31 457
    2020-03-01 $402,500 (4.4%) $477,946 (0.7%) 1.26 510
    2020-04-01 $399,500 (5.3%) $468,482 (3.2%) 1.25 641
    2020-05-01 $419,000 (9.2%) $477,853 (4.7%) 1.27 635
    2020-06-01 $434,350 (12.8%) $493,556 (6.4%) 1.28 581
    2020-07-01 $422,000 (5.8%) $493,513 (4.1%) 1.22 519
    2020-08-01 $425,000 (7.3%) $501,757 (6.8%) 1.22 488
    2020-09-01 $434,350 (10.6%) $510,294 (9.3%) 1.24 480
    2020-10-01 $424,250 (8.7%) $513,229 (10.8%) 1.22 448
    2020-11-01 $410,000 (3.3%) $513,655 (9.4%) 1.20 371
    2020-12-01 $420,000 (5.3%) $537,269 (14.5%) 1.25 321
    2021-01-01 $425,000 (6.5%) $541,681 (16.0%) 1.27 263
    2021-02-01 $414,988 (4.0%) $526,335 (11.3%) 1.21 250
    2021-03-01 $434,719 (8.0%) $547,781 (14.6%) 1.23 244
    2021-04-01 $434,500 (8.8%) $559,384 (19.4%) 1.18 260
    2021-05-01 $449,950 (7.4%) $567,339 (18.7%) 1.20 306
    2021-06-01 $450,000 (3.6%) $589,166 (19.4%) 1.18 344
    2021-07-01 $449,900 (6.6%) $580,074 (17.5%) 1.19 396
    2021-08-01 $461,975 (8.7%) $603,840 (20.4%) 1.23 452
    2021-09-01 $454,673 (4.7%) $604,833 (18.5%) 1.21 423
    2021-10-01 $456,230 (7.5%) $605,193 (17.9%) 1.22 398
    2021-11-01 $467,450 (14.0%) $626,640 (22.0%) 1.25 340
    2021-12-01 $461,250 (9.8%) $616,898 (14.8%) 1.25 263
    2022-01-01 $468,750 (10.3%) $625,983 (15.6%) 1.27 233
    2022-02-01 $469,950 (13.2%) $648,400 (23.2%) 1.22 230
    2022-03-01 $467,450 (7.5%) $611,534 (11.6%) 1.17 245
    2022-04-01 $485,000 (11.6%) $611,522 (9.3%) 1.16 258
    2022-05-01 $492,725 (9.5%) $621,080 (9.5%) 1.13 361
    2022-06-01 $505,000 (12.2%) $610,346 (3.6%) 1.12 436
    2022-07-01 $514,950 (14.5%) $619,614 (6.8%) 1.16 581
    2022-08-01 $508,198 (10.0%) $617,211 (2.2%) 1.17 573
    2022-09-01 $500,965 (10.2%) $631,360 (4.4%) 1.17 524
    2022-10-01 $510,000 (11.8%) $638,794 (5.6%) 1.20 536
    2022-11-01 $499,950 (7.0%) $628,990 (0.4%) 1.20 516
    2022-12-01 $500,000 (8.4%) $626,399 (1.5%) 1.23 439
    2023-01-01 $518,063 (10.5%) $633,234 (1.2%) 1.28 406
    2023-02-01 $511,200 (8.8%) $626,042 (-3.5%) 1.23 367
    2023-03-01 $516,200 (10.4%) $627,285 (2.6%) 1.22 397
    2023-04-01 $524,950 (8.2%) $625,437 (2.3%) 1.22 426
    2023-05-01 $532,000 (8.0%) $633,129 (1.9%) 1.21 467
    2023-06-01 $537,475 (6.4%) $645,417 (5.8%) 1.21 554
    2023-07-01 $535,000 (3.9%) $657,883 (6.2%) 1.22 646
    2023-08-01 $525,000 (3.3%) $650,321 (5.4%) 1.21 721
    2023-09-01 $535,000 (6.8%) $647,388 (2.5%) 1.25 769
    2023-10-01 $529,475 (3.8%) $653,311 (2.3%) 1.25 745
    2023-11-01 $522,447 (4.5%) $649,023 (3.2%) 1.24 696
    2023-12-01 $522,450 (4.5%) $656,759 (4.9%) 1.27 644
    2024-01-01 $527,000 (1.7%) $666,661 (5.3%) 1.29 549
    2024-02-01 $521,236 (2.0%) $663,837 (6.0%) 1.25 498
    2024-03-01 $525,000 (1.7%) $663,301 (5.7%) 1.24 534
    Eugene's median listing price for 2024-03-01 was $525,000, a difference of $8,800 (1.7%) versus the prior year and $3,764 versus the prior month.

    Eugene's median listing price comes in at 124% of the national average.

    Eugene's average listing price for 2024-03-01 was $663,301, a difference of $36,016 (5.7%) versus the prior year and $-536 versus the prior month.

    For the 2024-03-01 period, Eugene had 534 MLS listings, a difference of 36 listings (7%) versus the prior month and 137 listings (35%) 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 76 days 1,907 sqft
    2018-02-01 59 days 1,965 sqft
    2018-03-01 44 days 2,000 sqft
    2018-04-01 38 days 2,045 sqft
    2018-05-01 36 days 2,058 sqft
    2018-06-01 32 days 1,951 sqft
    2018-07-01 38 days 1,939 sqft
    2018-08-01 39 days 1,929 sqft
    2018-09-01 46 days 1,912 sqft
    2018-10-01 55 days 1,902 sqft
    2018-11-01 55 days 1,858 sqft
    2018-12-01 59 days 1,851 sqft
    2019-01-01 68 days 1,847 sqft
    2019-02-01 62 days 1,886 sqft
    2019-03-01 49 days 1,879 sqft
    2019-04-01 37 days 1,842 sqft
    2019-05-01 28 days 1,877 sqft
    2019-06-01 32 days 1,876 sqft
    2019-07-01 37 days 1,960 sqft
    2019-08-01 40 days 1,944 sqft
    2019-09-01 46 days 1,939 sqft
    2019-10-01 50 days 1,935 sqft
    2019-11-01 64 days 1,957 sqft
    2019-12-01 76 days 1,929 sqft
    2020-01-01 75 days 1,926 sqft
    2020-02-01 51 days 1,948 sqft
    2020-03-01 44 days 1,924 sqft
    2020-04-01 41 days 1,866 sqft
    2020-05-01 59 days 1,916 sqft
    2020-06-01 60 days 1,952 sqft
    2020-07-01 48 days 1,934 sqft
    2020-08-01 46 days 1,935 sqft
    2020-09-01 44 days 1,844 sqft
    2020-10-01 49 days 1,810 sqft
    2020-11-01 69 days 1,707 sqft
    2020-12-01 78 days 1,702 sqft
    2021-01-01 61 days 1,638 sqft
    2021-02-01 48 days 1,564 sqft
    2021-03-01 41 days 1,626 sqft
    2021-04-01 33 days 1,618 sqft
    2021-05-01 26 days 1,689 sqft
    2021-06-01 27 days 1,732 sqft
    2021-07-01 31 days 1,710 sqft
    2021-08-01 35 days 1,707 sqft
    2021-09-01 42 days 1,761 sqft
    2021-10-01 54 days 1,726 sqft
    2021-11-01 55 days 1,739 sqft
    2021-12-01 49 days 1,671 sqft
    2022-01-01 64 days 1,688 sqft
    2022-02-01 31 days 1,707 sqft
    2022-03-01 29 days 1,649 sqft
    2022-04-01 29 days 1,686 sqft
    2022-05-01 23 days 1,709 sqft
    2022-06-01 26 days 1,734 sqft
    2022-07-01 29 days 1,789 sqft
    2022-08-01 35 days 1,815 sqft
    2022-09-01 44 days 1,796 sqft
    2022-10-01 43 days 1,816 sqft
    2022-11-01 46 days 1,840 sqft
    2022-12-01 60 days 1,812 sqft
    2023-01-01 69 days 1,815 sqft
    2023-02-01 56 days 1,759 sqft
    2023-03-01 38 days 1,799 sqft
    2023-04-01 40 days 1,786 sqft
    2023-05-01 40 days 1,817 sqft
    2023-06-01 36 days 1,823 sqft
    2023-07-01 38 days 1,814 sqft
    2023-08-01 40 days 1,844 sqft
    2023-09-01 44 days 1,842 sqft
    2023-10-01 52 days 1,823 sqft
    2023-11-01 56 days 1,801 sqft
    2023-12-01 64 days 1,802 sqft
    2024-01-01 73 days 1,817 sqft
    2024-02-01 73 days 1,794 sqft
    2024-03-01 44 days 1,755 sqft
    Eugene's median listing age (time on market) for 2024-03-01 was 44 days. This is 16% longer than the same period one year ago.

    Eugene's median square footage for active listings during the 2024-03-01 period was 1,755 sqft. One year prior, the average listing was 1,799 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.