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 91 lenders originated 682 VA loans during 2022. The total origination value was $255,080,000, with an average VA loan value of $374,018.

    Eugene VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Eugene averaged -0.18% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Eugene's average VA mortgage closing costs are $6,682.

    The average rate for the prior week (2023-11-17) was 6.97% and one month ago for the week of 2023-10-20, the average rate was 7.4%.

    The average rate one year ago was 6.11%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.07%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 59 4.98% $7,775
    SUMMIT FUNDING, INC. 50 4.82% $12,813
    UNITED WHOLESALE MORTGAGE, LLC 49 4.24% $8,552
    QUICKEN LOANS, LLC 47 3.79% $14,476
    FREEDOM MORTGAGE CORPORATION 36 4.08% $12,314
    LOANDEPOT.COM, LLC 28 3.89% $11,810
    PENNYMAC LOAN SERVICES, LLC 26 3.13% $9,794
    CALIBER HOME LOANS, INC. 20 4.67% $8,962
    CMG MORTGAGE, INC. 20 3.88% $10,617
    FINANCE OF AMERICA MORTGAGE LLC 20 4.79% $11,646
    HOMEBRIDGE FINANCIAL SERVICES, INC. 19 4.38% $7,516
    GUILD MORTGAGE COMPANY 15 4.40% $16,933
    NATIONS DIRECT MORTGAGE, LLC 14 4.66% $9,024
    NAVY FEDERAL CREDIT UNION 14 4.13% $7,830
    Umpqua Bank 13 4.20% $8,825
    DHI MORTGAGE COMPANY, LTD. 13 3.75% $9,920
    CROSSCOUNTRY MORTGAGE, LLC 13 4.54% $9,039
    The Federal Savings Bank 13 4.82% $19,926
    USAA Federal Savings Bank 10 4.26% $10,670
    DIRECTORS MORTGAGE, INC. 10 4.76% $14,717
    LAKEVIEW LOAN SERVICING, LLC 9 3.85% $5,267
    Sierra Pacific Mortgage Company, Inc. 9 4.13% $10,005
    Flagstar Bank, FSB 9 3.97% $14,614
    HOME POINT FINANCIAL CORPORATION 7 3.14% $8,944
    AMERISAVE MORTGAGE CORPORATION 6 4.42% $12,662
    NEW DAY FINANCIAL, LLC 6 4.54% $13,330
    PENTAGON FEDERAL CREDIT UNION 5 3.90% $12,214
    MANN FINANCIAL INC. 4 5.25% $11,661
    Mr. Cooper ( Nationstar Mortgage ) 4 3.84% $11,418
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 4.34% $7,460
    Carrington Mortgage Services, LLC 3 4.63% $8,231
    Willamette Valley Bank 3 3.33% $6,031
    NEWREZ LLC 3 5.08% $5,068
    Banner Bank 3 4.46% $12,227
    EVERETT FINANCIAL, INC. 3 5.58% $4,803
    CLEARPATH LENDING 3 3.21% $4,741
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 5.75% $8,586
    Barrington Bank & Trust Company, N.A. 3 4.02% $8,738
    U.S. Bank 3 4.13% $6,596
    MORTGAGE EXPRESS, LLC 3 4.33% $12,855
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.08% $12,629
    Hometown Lenders, Inc. 2 4.94% $11,077
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 5.38% $9,578
    VILLAGE CAPITAL MORTGAGE 2 4.88% $10,065
    BROKER SOLUTIONS, INC. 2 4.93% $19,712
    Wells Fargo Bank 2 5.56% $6,433
    ACADEMY MORTGAGE CORPORATION 2 4.00% $9,413
    GENEVA FINANCIAL, LLC 2 5.00% $16,998
    EAGLE HOME MORTGAGE, LLC 2 5.44% $1,436
    Century Mortgage Company DBA Century Lending Company 2 3.63% $4,269
    AMERICAN FINANCING CORPORATION 2 4.38% $18,732
    Paramount Residential Mortgage Group, Inc. 2 5.56% $10,479
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 4.88% $5,771
    Low VA Rates, LLC 2 4.81% $13,662
    Magnolia Bank 2 3.94% $25,541
    NORTHWEST COMMUNITY 2 5.38% $7,462
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.00% $7,067
    North American Savings Bank, F.S.B. 2 2.75% $9,318
    Wyndham Capital Mortgage, Inc. 1 3.13% $13,850
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.75% $9,918
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.25% $4,942
    Bank of England 1 4.88% $3,181
    BEST CAPITAL FUNDING 1 3.50% $3,855
    CANOPY MORTGAGE, LLC 1 2.75% $5,327
    CARDINAL FINANCIAL 1 3.38% $11,848
    CHURCHILL MORTGAGE CORPORATION 1 6.38% $12,580
    Commerce Home Mortgage, Inc. 1 3.38% $15,655
    DATA MORTGAGE, INC. 1 4.88% $16,424
    Equity Prime Mortgage LLC 1 6.13% $15,685
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 4.75% $8,372
    Franklin Loan Corporation 1 5.75% $28,328
    GSF Mortgage Corporation 1 4.13% $7,758
    HOMESIDE FINANCIAL, LLC 1 5.13% $6,420
    HomeStreet Bank 1 4.50% $3,746
    Ixonia Bank 1 5.13% $6,622
    LADERA LENDING, INC. 1 3.25% $21,419
    LIBERTY HOME MORTGAGE CORPORATION 1 3.88% $28,866
    LOANPAL, LLC 1 3.75% $6,895
    Nations Lending Corporation 1 5.25% $13,039
    NFM, INC. 1 4.88% $12,014
    OnPoint Community Credit Union 1 5.13% $2,463
    PLANET HOME LENDING, LLC 1 2.75% $2,182
    PREMIA MORTGAGE, LLC 1 5.00% $2,396
    Presidential Bank, FSB 1 5.25% $5,686
    Prime Choice Funding Inc. 1 2.50% $7,411
    Prosperity Home Mortgage, LLC 1 3.25% $9,013
    SUN WEST MORTGAGE COMPANY, INC. 1 3.25% $5,811
    Texana Bank 1 3.63% $4,547
    TJC Mortgage, Inc. 1 2.25% $19,530
    TruHome Solutions, LLC 1 4.25% $3,954
    Washington Trust Bank 1 2.75% $24,566

    The top Eugene VA lender as defined by loan originations is Mortgage Research Center, LLC, with 59 VA loans originated. Their average total fees are $7,775, which is $5,038 lower than the next largest lender, SUMMIT FUNDING, INC..

    The lowest fee Eugene VA lenders (with over 10 loans originated) are HOMEBRIDGE FINANCIAL SERVICES, INC. ($7,516), Mortgage Research Center, LLC ($7,775), NAVY FEDERAL CREDIT UNION ($7,830), UNITED WHOLESALE MORTGAGE, LLC ($8,552) and Umpqua Bank ($8,825).

    The lowest rate Eugene VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.13%), DHI MORTGAGE COMPANY, LTD. (3.75%), QUICKEN LOANS, LLC (3.79%), CMG MORTGAGE, INC. (3.88%) and LOANDEPOT.COM, LLC (3.89%).

    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 $343,995 (5.8%) $426,466 (2.2%) 1.28 658
    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 (8.4%) $465,156 (11.3%) 1.25 952
    2018-11-01 $361,450 (3.3%) $461,338 (7.3%) 1.23 908
    2018-12-01 $365,000 (7.4%) $470,922 (9.6%) 1.26 784
    2019-01-01 $366,950 (6.7%) $475,780 (11.6%) 1.27 654
    2019-02-01 $382,450 (2.7%) $480,137 (3.3%) 1.29 626
    2019-03-01 $385,671 (-2.4%) $476,216 (-0.1%) 1.26 604
    2019-04-01 $379,675 (-5.1%) $455,881 (-6.8%) 1.21 624
    2019-05-01 $383,685 (-5.8%) $457,838 (-8.2%) 1.20 705
    2019-06-01 $385,000 (0.0%) $465,180 (-1.5%) 1.20 794
    2019-07-01 $398,975 (2.5%) $475,051 (-1.3%) 1.25 800
    2019-08-01 $395,964 (6.7%) $471,591 (0.2%) 1.25 797
    2019-09-01 $392,609 (6.4%) $470,162 (0.5%) 1.26 802
    2019-10-01 $390,373 (5.9%) $467,412 (0.5%) 1.26 792
    2019-11-01 $397,500 (10.0%) $473,114 (2.6%) 1.30 671
    2019-12-01 $399,000 (9.3%) $473,529 (0.6%) 1.33 531
    2020-01-01 $399,000 (8.7%) $471,745 (-0.9%) 1.33 493
    2020-02-01 $399,450 (4.5%) $478,021 (-0.4%) 1.31 458
    2020-03-01 $403,725 (4.7%) $480,505 (0.9%) 1.27 510
    2020-04-01 $399,500 (5.2%) $468,482 (2.8%) 1.25 641
    2020-05-01 $419,000 (9.2%) $477,853 (4.4%) 1.27 635
    2020-06-01 $434,350 (12.8%) $493,556 (6.1%) 1.28 581
    2020-07-01 $422,000 (5.8%) $493,513 (3.9%) 1.22 519
    2020-08-01 $425,000 (7.3%) $501,757 (6.4%) 1.22 488
    2020-09-01 $434,350 (10.6%) $510,294 (8.5%) 1.24 480
    2020-10-01 $424,250 (8.7%) $513,229 (9.8%) 1.22 448
    2020-11-01 $410,000 (3.1%) $513,655 (8.6%) 1.20 371
    2020-12-01 $420,000 (5.3%) $537,269 (13.5%) 1.25 321
    2021-01-01 $425,000 (6.5%) $541,681 (14.8%) 1.27 263
    2021-02-01 $414,988 (3.9%) $526,335 (10.1%) 1.21 250
    2021-03-01 $434,719 (7.7%) $547,781 (14.0%) 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 $515,425 (10.3%) $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
    Eugene's median listing price for 2023-10-01 was $529,475, a difference of $19,475 (3.8%) versus the prior year and $-5,525 versus the prior month.

    Eugene's median listing price comes in at 125% of the national average.

    Eugene's average listing price for 2023-10-01 was $653,311, a difference of $14,517 (2.3%) versus the prior year and $5,923 versus the prior month.

    For the 2023-10-01 period, Eugene had 745 MLS listings, a difference of -24 listings (-3%) versus the prior month and 209 listings (39%) 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 1,910 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 1,888 sqft
    2019-03-01 48 days 1,880 sqft
    2019-04-01 37 days 1,843 sqft
    2019-05-01 28 days 1,877 sqft
    2019-06-01 32 days 1,878 sqft
    2019-07-01 37 days 1,960 sqft
    2019-08-01 40 days 1,945 sqft
    2019-09-01 46 days 1,939 sqft
    2019-10-01 50 days 1,936 sqft
    2019-11-01 64 days 1,958 sqft
    2019-12-01 76 days 1,930 sqft
    2020-01-01 75 days 1,927 sqft
    2020-02-01 51 days 1,949 sqft
    2020-03-01 44 days 1,925 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 1,816 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
    Eugene's median listing age (time on market) for 2023-10-01 was 52 days. This is 20% longer than the same period one year ago.

    Eugene's median square footage for active listings during the 2023-10-01 period was 1,823 sqft. One year prior, the average listing was 1,816 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.