Grants Pass VA Loan Rates, Closing Costs & Stats

GRANTS PASS, 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.

    Grants Pass's 39 lenders originated 173 VA loans during 2024. The total origination value was $68,095,000, with an average VA loan value of $393,613.

    Grants Pass VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Grants Pass averaged 0.46% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Grants Pass's average VA mortgage closing costs are $6,905.

    The average rate for the prior week (2025-06-27) was 6.59% and one month ago for the week of 2025-05-30, the average rate was 6.82%.

    The average rate one year ago was 6.93%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.01%.

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

    Grants Pass 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 Grants Pass level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Nations Lending Corporation 27 6.27% $4,189
    Mortgage Research Center, LLC 27 6.12% $5,530
    GUILD MORTGAGE COMPANY 15 6.08% $9,796
    UNITED WHOLESALE MORTGAGE, LLC 11 6.22% $14,539
    ROGUE 8 6.81% $9,530
    QUICKEN LOANS, LLC 8 5.63% $11,806
    Sunflower Bank 8 6.12% $8,873
    NATIONS DIRECT MORTGAGE, LLC 6 5.91% $13,403
    FREEDOM MORTGAGE CORPORATION 6 6.04% $15,820
    CROSSCOUNTRY MORTGAGE, LLC 4 6.95% $8,409
    VILLAGE CAPITAL MORTGAGE 4 5.94% $3,956
    LOANDEPOT.COM, LLC 4 6.31% $13,447
    NAVY FEDERAL CREDIT UNION 3 5.63% $7,135
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.25% $7,327
    USAA Federal Savings Bank 3 5.96% $8,133
    PENNYMAC LOAN SERVICES, LLC 2 5.56% $4,139
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.50% $1,413
    Willamette Valley Bank 2 5.75% $5,912
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 6.44% $26,203
    CMG MORTGAGE, INC. 2 6.44% $12,687
    Meridian Bank Corporation 1 5.75% $11,921
    BETTER MORTGAGE CORPORATION 1 5.25% $17,302
    Century Mortgage Company DBA Century Lending Company 1 6.75% $5,453
    DIGNIFIED HOME LOANS, LLC 1 6.13% $23,551
    Equity Prime Mortgage LLC 1 7.38% $7,939
    FBC MORTGAGE, LLC 1 6.75% $3,627
    First Federal Bank 1 6.13% $4,654
    Franklin Loan Corporation 1 5.99% $11,135
    LAKEVIEW LOAN SERVICING, LLC 1 4.99% $9,092
    LOANPAL, LLC 1 5.63% $17,669
    LPMC, LLC 1 6.13% $12,497
    ALLIED MORTGAGE GROUP, INC. 1 6.75% $4,726
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.13% $11,663
    MOUNTAIN WEST FINANCIAL, INC. 1 5.75% $25,050
    MOVEMENT MORTGAGE, LLC 1 7.13% $22,608
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $4,703
    S1L, Inc. 1 5.75% $7,578
    The Federal Savings Bank 1 5.75% $20,151
    U.S. Bank 1 5.88% $8,222

    The top Grants Pass VA lender as defined by loan originations is Nations Lending Corporation, with 27 VA loans originated. Their average total fees are $4,189, which is $1,342 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Grants Pass VA lenders (with over 10 loans originated) are Nations Lending Corporation ($4,189), Mortgage Research Center, LLC ($5,530), GUILD MORTGAGE COMPANY ($9,796), UNITED WHOLESALE MORTGAGE, LLC ($14,539) and .

    The lowest rate Grants Pass VA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.08%), Mortgage Research Center, LLC (6.12%), UNITED WHOLESALE MORTGAGE, LLC (6.22%), Nations Lending Corporation (6.27%) and .

    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.