Grants Pass VA Loan Rates, Closing Costs & Stats

GRANTS PASS, OR

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 34 lenders originated 111 VA loans during 2023. The total origination value was $42,995,000, with an average VA loan value of $387,342.

    Grants Pass VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Grants Pass averaged 7.17% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Grants Pass's average VA mortgage closing costs are $6,740.

    The average rate for the prior week (2024-04-12) was 7% and one month ago for the week of 2024-03-15, the average rate was 6.87%.

    The average rate one year ago was 6.36%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 15 6.48% $7,706
    QUICKEN LOANS, LLC 14 5.61% $13,821
    Nations Lending Corporation 9 6.57% $5,153
    UNITED WHOLESALE MORTGAGE, LLC 6 6.05% $5,058
    Willamette Valley Bank 5 6.60% $12,369
    CROSSCOUNTRY MORTGAGE, LLC 5 6.63% $12,729
    The Federal Savings Bank 4 6.53% $19,396
    ROGUE 4 6.38% $10,483
    GUILD MORTGAGE COMPANY 4 7.00% $15,127
    MOUNTAIN WEST FINANCIAL, INC. 4 6.06% $20,650
    VILLAGE CAPITAL MORTGAGE 3 6.25% $12,057
    NAVY FEDERAL CREDIT UNION 3 5.38% $7,054
    USAA Federal Savings Bank 3 6.58% $12,070
    NATIONS DIRECT MORTGAGE, LLC 3 6.25% $12,032
    NEWREZ LLC 2 6.94% $9,072
    Equity Prime Mortgage LLC 2 7.19% $8,052
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.06% $6,374
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.94% $15,699
    PENNYMAC LOAN SERVICES, LLC 2 6.13% $8,157
    Wells Fargo Bank 2 6.31% $13,756
    PENTAGON FEDERAL CREDIT UNION 1 4.75% $1,962
    PLAZA HOME MORTGAGE, INC. 1 6.13% $10,537
    AMERISAVE MORTGAGE CORPORATION 1 4.88% $13,220
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $15,505
    S1L, Inc. 1 6.25% $11,743
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    Umpqua Bank 1 5.88% $36,267
    GENEVA FINANCIAL, LLC 1 7.13% $6,485
    FREEDOM MORTGAGE CORPORATION 1 7.25% $17,778
    U.S. Bank 1 6.13% $16,044
    EMM LOANS LLC 1 6.75% $20,167
    V.I.P. MORTGAGE, INC. 1 5.50% $1,913
    Paramount Residential Mortgage Group, Inc. 1 6.25% $6,358
    Century Mortgage Company DBA Century Lending Company 1 5.50% $6,464

    The top Grants Pass VA lender as defined by loan originations is Mortgage Research Center, LLC, with 15 VA loans originated. Their average total fees are $7,706, which is $6,116 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Grants Pass VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,706), QUICKEN LOANS, LLC ($13,821), .

    The lowest rate Grants Pass VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.61%), Mortgage Research Center, LLC (6.48%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Grants Pass (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 $356,200 (8.9%) $509,135 (15.2%) 0.00 361
    2018-02-01 $369,350 (14.6%) $515,501 (17.8%) 0.00 360
    2018-03-01 $374,900 (14.7%) $506,968 (16.8%) 0.00 401
    2018-04-01 $367,000 (2.2%) $493,521 (6.9%) 0.00 452
    2018-05-01 $368,225 (-2.3%) $488,217 (1.8%) 0.00 481
    2018-06-01 $353,500 (-4.2%) $478,096 (1.2%) 0.00 536
    2018-07-01 $355,250 (-0.6%) $473,366 (-2.5%) 0.00 554
    2018-08-01 $356,500 (-1.0%) $475,075 (-3.3%) 0.00 532
    2018-09-01 $350,000 (-1.4%) $486,044 (0.1%) 0.00 552
    2018-10-01 $349,750 (0.1%) $490,094 (1.2%) 0.00 509
    2018-11-01 $347,625 (-0.7%) $486,597 (-3.1%) 0.00 484
    2018-12-01 $349,000 (-5.6%) $491,466 (-5.5%) 0.00 450
    2019-01-01 $334,500 (-6.1%) $489,219 (-3.9%) 0.00 416
    2019-02-01 $333,875 (-9.6%) $492,943 (-4.4%) 0.00 410
    2019-03-01 $351,550 (-6.2%) $499,354 (-1.5%) 0.00 392
    2019-04-01 $354,525 (-3.4%) $495,427 (0.4%) 0.00 391
    2019-05-01 $355,000 (-3.6%) $489,444 (0.3%) 0.00 450
    2019-06-01 $374,000 (5.8%) $496,983 (4.0%) 0.00 435
    2019-07-01 $371,325 (4.5%) $497,659 (5.1%) 0.00 442
    2019-08-01 $372,245 (4.4%) $492,667 (3.7%) 0.00 427
    2019-09-01 $375,764 (7.4%) $490,737 (1.0%) 0.00 402
    2019-10-01 $378,109 (8.1%) $491,423 (0.3%) 0.00 385
    2019-11-01 $386,000 (11.0%) $499,962 (2.8%) 0.00 335
    2019-12-01 $399,000 (14.3%) $520,900 (6.0%) 0.00 292
    2020-01-01 $386,975 (15.7%) $519,363 (6.2%) 0.00 252
    2020-02-01 $376,999 (12.9%) $507,257 (2.9%) 0.00 252
    2020-03-01 $376,999 (7.2%) $473,128 (-5.3%) 0.00 261
    2020-04-01 $371,950 (4.9%) $455,216 (-8.1%) 0.00 284
    2020-05-01 $395,000 (11.3%) $501,782 (2.5%) 0.00 251
    2020-06-01 $420,000 (12.3%) $513,974 (3.4%) 0.00 214
    2020-07-01 $435,475 (17.3%) $530,850 (6.7%) 0.00 183
    2020-08-01 $432,450 (16.2%) $549,474 (11.5%) 0.00 157
    2020-09-01 $414,225 (10.2%) $511,650 (4.3%) 0.00 154
    2020-10-01 $399,000 (5.5%) $503,335 (2.4%) 0.00 132
    2020-11-01 $406,413 (5.3%) $515,738 (3.2%) 0.00 125
    2020-12-01 $399,975 (0.2%) $503,071 (-3.4%) 0.00 107
    2021-01-01 $377,000 (-2.6%) $513,673 (-1.1%) 0.00 85
    2021-02-01 $376,200 (-0.2%) $483,891 (-4.6%) 0.00 85
    2021-03-01 $389,675 (3.4%) $495,453 (4.7%) 0.00 98
    2021-04-01 $434,950 (16.9%) $565,838 (24.3%) 0.00 108
    2021-05-01 $499,900 (26.6%) $612,463 (22.1%) 0.00 127
    2021-06-01 $569,475 (35.6%) $658,807 (28.2%) 0.00 155
    2021-07-01 $525,000 (20.6%) $621,668 (17.1%) 0.00 186
    2021-08-01 $519,750 (20.2%) $615,875 (12.1%) 0.00 225
    2021-09-01 $502,225 (21.2%) $623,783 (21.9%) 0.00 235
    2021-10-01 $500,000 (25.3%) $625,149 (24.2%) 0.00 246
    2021-11-01 $493,500 (21.4%) $600,788 (16.5%) 0.00 236
    2021-12-01 $495,725 (23.9%) $593,735 (18.0%) 0.00 207
    2022-01-01 $482,500 (28.0%) $575,006 (11.9%) 0.00 175
    2022-02-01 $475,000 (26.3%) $595,740 (23.1%) 0.00 177
    2022-03-01 $487,000 (25.0%) $603,260 (21.8%) 0.00 202
    2022-04-01 $499,000 (14.7%) $608,650 (7.6%) 0.00 243
    2022-05-01 $499,450 (-0.1%) $600,522 (-2.0%) 0.00 278
    2022-06-01 $510,000 (-10.4%) $610,312 (-7.4%) 0.00 304
    2022-07-01 $500,000 (-4.8%) $608,129 (-2.2%) 0.00 341
    2022-08-01 $490,725 (-5.6%) $604,901 (-1.8%) 0.00 364
    2022-09-01 $492,475 (-1.9%) $611,445 (-2.0%) 0.00 362
    2022-10-01 $485,525 (-2.9%) $594,120 (-5.0%) 0.00 356
    2022-11-01 $476,438 (-3.5%) $601,229 (0.1%) 0.00 338
    2022-12-01 $472,500 (-4.7%) $609,968 (2.7%) 0.00 300
    2023-01-01 $457,500 (-5.2%) $606,556 (5.5%) 0.00 255
    2023-02-01 $467,000 (-1.7%) $632,854 (6.2%) 0.00 234
    2023-03-01 $485,750 (-0.3%) $651,118 (7.9%) 0.00 217
    2023-04-01 $499,999 (0.2%) $666,695 (9.5%) 0.00 218
    2023-05-01 $526,000 (5.3%) $674,526 (12.3%) 0.00 260
    2023-06-01 $510,950 (0.2%) $664,615 (8.9%) 0.00 294
    2023-07-01 $532,000 (6.4%) $663,418 (9.1%) 0.00 309
    2023-08-01 $504,975 (2.9%) $654,320 (8.2%) 0.00 315
    2023-09-01 $489,950 (-0.5%) $633,942 (3.7%) 0.00 326
    2023-10-01 $477,500 (-1.7%) $613,614 (3.3%) 0.00 320
    2023-11-01 $472,250 (-0.9%) $617,110 (2.6%) 0.00 314
    2023-12-01 $479,900 (1.6%) $625,007 (2.5%) 0.00 276
    2024-01-01 $472,000 (3.2%) $612,571 (1.0%) 0.00 249
    2024-02-01 $495,750 (6.2%) $639,620 (1.1%) 0.00 242
    2024-03-01 $515,000 (6.0%) $639,901 (-1.7%) 0.00 252
    Grants Pass's median listing price for 2024-03-01 was $515,000, a difference of $29,250 (6.0%) versus the prior year and $19,250 versus the prior month.

    Grants Pass's median listing price comes in at 0% of the national average.

    Grants Pass's average listing price for 2024-03-01 was $639,901, a difference of $-11,217 (-1.7%) versus the prior year and $281 versus the prior month.

    For the 2024-03-01 period, Grants Pass had 252 MLS listings, a difference of 10 listings (4%) versus the prior month and 35 listings (16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Grants Pass (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,822 sqft
    2018-02-01 0 days 1,886 sqft
    2018-03-01 0 days 1,830 sqft
    2018-04-01 0 days 1,805 sqft
    2018-05-01 0 days 1,826 sqft
    2018-06-01 0 days 1,833 sqft
    2018-07-01 0 days 1,821 sqft
    2018-08-01 0 days 1,811 sqft
    2018-09-01 0 days 1,792 sqft
    2018-10-01 0 days 1,792 sqft
    2018-11-01 0 days 1,792 sqft
    2018-12-01 0 days 1,796 sqft
    2019-01-01 0 days 1,782 sqft
    2019-02-01 0 days 1,772 sqft
    2019-03-01 0 days 1,796 sqft
    2019-04-01 0 days 1,796 sqft
    2019-05-01 0 days 1,842 sqft
    2019-06-01 0 days 1,901 sqft
    2019-07-01 0 days 1,890 sqft
    2019-08-01 0 days 1,883 sqft
    2019-09-01 0 days 1,880 sqft
    2019-10-01 0 days 1,888 sqft
    2019-11-01 0 days 1,915 sqft
    2019-12-01 0 days 1,943 sqft
    2020-01-01 0 days 1,947 sqft
    2020-02-01 0 days 1,900 sqft
    2020-03-01 0 days 1,846 sqft
    2020-04-01 0 days 1,830 sqft
    2020-05-01 0 days 1,994 sqft
    2020-06-01 0 days 2,033 sqft
    2020-07-01 0 days 2,141 sqft
    2020-08-01 0 days 2,044 sqft
    2020-09-01 0 days 1,953 sqft
    2020-10-01 0 days 1,848 sqft
    2020-11-01 0 days 1,858 sqft
    2020-12-01 0 days 1,832 sqft
    2021-01-01 0 days 1,758 sqft
    2021-02-01 0 days 1,658 sqft
    2021-03-01 0 days 1,717 sqft
    2021-04-01 0 days 1,810 sqft
    2021-05-01 0 days 1,862 sqft
    2021-06-01 0 days 1,931 sqft
    2021-07-01 0 days 1,841 sqft
    2021-08-01 0 days 1,848 sqft
    2021-09-01 0 days 1,842 sqft
    2021-10-01 0 days 1,861 sqft
    2021-11-01 0 days 1,794 sqft
    2021-12-01 0 days 1,820 sqft
    2022-01-01 0 days 1,763 sqft
    2022-02-01 0 days 1,767 sqft
    2022-03-01 0 days 1,735 sqft
    2022-04-01 0 days 1,700 sqft
    2022-05-01 0 days 1,763 sqft
    2022-06-01 0 days 1,819 sqft
    2022-07-01 0 days 1,834 sqft
    2022-08-01 0 days 1,801 sqft
    2022-09-01 0 days 1,818 sqft
    2022-10-01 0 days 1,805 sqft
    2022-11-01 0 days 1,790 sqft
    2022-12-01 0 days 1,754 sqft
    2023-01-01 0 days 1,758 sqft
    2023-02-01 0 days 1,802 sqft
    2023-03-01 0 days 1,824 sqft
    2023-04-01 0 days 1,893 sqft
    2023-05-01 0 days 1,867 sqft
    2023-06-01 0 days 1,910 sqft
    2023-07-01 0 days 1,961 sqft
    2023-08-01 0 days 1,892 sqft
    2023-09-01 0 days 1,870 sqft
    2023-10-01 0 days 1,830 sqft
    2023-11-01 0 days 1,796 sqft
    2023-12-01 0 days 1,763 sqft
    2024-01-01 0 days 1,754 sqft
    2024-02-01 0 days 1,854 sqft
    2024-03-01 0 days 1,806 sqft
    Grants Pass's median listing age (time on market) for 2024-03-01 was 0 days.

    Grants Pass's median square footage for active listings during the 2024-03-01 period was 1,806 sqft. One year prior, the average listing was 1,824 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.