Eugene VA Loan Rates, Closing Costs & Stats
EUGENE-SPRINGFIELD, 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.
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
6.13%
for the week of 2024-12-06, compared to the national average (all VA variants) of
6.143% for the same period.
Eugene's average VA mortgage closing costs are $6,880.
The average rate for the prior week (2024-11-29) was
6.22% and
one month ago for the week of 2024-11-01, the
average rate was 6.48%.
The average rate one year ago was 6.73%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.71%.
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.
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. LouisDate | 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 |
2024-04-01 | $534,500 (1.8%) | $665,599 (6.4%) | 1.24 | 607 |
2024-05-01 | $549,500 (3.3%) | $687,503 (8.6%) | 1.24 | 675 |
2024-06-01 | $549,999 (2.3%) | $685,136 (6.2%) | 1.24 | 768 |
2024-07-01 | $547,124 (2.3%) | $672,724 (2.3%) | 1.25 | 835 |
2024-08-01 | $546,798 (4.2%) | $665,338 (2.3%) | 1.27 | 896 |
2024-09-01 | $549,450 (2.7%) | $670,209 (3.5%) | 1.29 | 928 |
2024-10-01 | $540,700 (2.1%) | $670,997 (2.7%) | 1.27 | 907 |
2024-11-01 | $525,000 (0.5%) | $650,684 (0.3%) | 0.00 | 858 |
Eugene's median listing price comes in at 0% of the national average.
Eugene's average listing price for 2024-11-01 was $650,684, a difference of $1,661 (0.3%) versus the prior year and $-20,313 versus the prior month.
For the 2024-11-01 period, Eugene had 858 MLS listings, a difference of -49 listings (-5%) versus the prior month and 162 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Eugene (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2024-04-01 | 44 days | 1,785 sqft |
2024-05-01 | 39 days | 1,840 sqft |
2024-06-01 | 43 days | 1,845 sqft |
2024-07-01 | 46 days | 1,839 sqft |
2024-08-01 | 47 days | 1,846 sqft |
2024-09-01 | 53 days | 1,869 sqft |
2024-10-01 | 58 days | 1,858 sqft |
2024-11-01 | 0 days | 1,795 sqft |
Eugene's median square footage for active listings during the 2024-11-01 period was 1,795 sqft. One year prior, the average listing was 1,801 sqft.