Hood River VA Loan Rates, Closing Costs & Stats

Hood River, 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.

    Hood River's 6 lenders originated 6 VA loans during 2023. The total origination value was $2,200,000, with an average VA loan value of $366,667.

    Hood River VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hood River averaged 0.25% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Hood River's average VA mortgage closing costs are $6,592.

    The average rate for the prior week (2024-11-08) was 6.66% and one month ago for the week of 2024-10-11, the average rate was 5.93%.

    The average rate one year ago was 7.42%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

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

    Hood River 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 Hood River level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DIRECTORS MORTGAGE, INC. 1 6.63% $14,769
    First Federal Bank 1 6.25% $13,177
    Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $10,406
    NATIONS DIRECT MORTGAGE, LLC 1 6.25% $13,306
    NBKC BANK 1 5.38% $1,219
    PENNYMAC LOAN SERVICES, LLC 1 4.88% $23,410

    The top Hood River VA lender as defined by loan originations is DIRECTORS MORTGAGE, INC., with 1 VA loans originated. Their average total fees are $14,769, which is $1,591 higher than the next largest lender, First Federal Bank.

    The lowest fee Hood River VA lenders (with over 10 loans originated) are .

    The lowest rate Hood River VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hood River (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 $426,000 (-31.3%) $541,692 (-28.8%) 0.00 63
    2018-02-01 $457,000 (-26.0%) $572,852 (-21.4%) 0.00 63
    2018-03-01 $538,500 (-12.2%) $618,197 (-12.2%) 0.00 59
    2018-04-01 $595,250 (-11.8%) $648,374 (-13.7%) 0.00 60
    2018-05-01 $593,500 (-19.1%) $662,968 (-11.5%) 0.00 65
    2018-06-01 $608,000 (-3.9%) $722,231 (2.0%) 0.00 68
    2018-07-01 $560,750 (-8.8%) $697,502 (5.3%) 0.00 75
    2018-08-01 $547,000 (-0.4%) $694,483 (11.7%) 0.00 81
    2018-09-01 $529,900 (0.2%) $696,851 (16.5%) 0.00 84
    2018-10-01 $529,900 (0.0%) $695,202 (16.9%) 0.00 84
    2018-11-01 $554,000 (5.3%) $708,341 (19.7%) 0.00 81
    2018-12-01 $539,000 (12.3%) $704,836 (22.5%) 0.00 67
    2019-01-01 $515,000 (20.9%) $677,391 (25.1%) 0.00 61
    2019-02-01 $516,000 (12.9%) $687,583 (20.0%) 0.00 58
    2019-03-01 $574,714 (6.7%) $722,162 (16.8%) 0.00 54
    2019-04-01 $599,964 (0.8%) $739,272 (14.0%) 0.00 54
    2019-05-01 $543,000 (-8.5%) $729,386 (10.0%) 0.00 59
    2019-06-01 $532,000 (-12.5%) $681,032 (-5.7%) 0.00 79
    2019-07-01 $522,000 (-6.9%) $679,960 (-2.5%) 0.00 103
    2019-08-01 $525,364 (-4.0%) $673,159 (-3.1%) 0.00 106
    2019-09-01 $538,659 (1.7%) $701,980 (0.7%) 0.00 103
    2019-10-01 $522,773 (-1.4%) $684,680 (-1.5%) 0.00 98
    2019-11-01 $509,000 (-8.1%) $666,231 (-5.9%) 0.00 74
    2019-12-01 $470,450 (-12.7%) $628,469 (-10.8%) 0.00 64
    2020-01-01 $459,675 (-10.7%) $635,225 (-6.2%) 0.00 52
    2020-02-01 $490,000 (-5.0%) $647,299 (-5.9%) 0.00 53
    2020-03-01 $524,500 (-8.7%) $682,214 (-5.5%) 0.00 60
    2020-04-01 $557,500 (-7.1%) $704,307 (-4.7%) 0.00 66
    2020-05-01 $569,000 (4.8%) $723,344 (-0.8%) 0.00 72
    2020-06-01 $594,000 (11.7%) $783,257 (15.0%) 0.00 71
    2020-07-01 $596,748 (14.3%) $815,361 (19.9%) 0.00 63
    2020-08-01 $615,000 (17.1%) $865,386 (28.6%) 0.00 50
    2020-09-01 $749,750 (39.2%) $975,149 (38.9%) 0.00 39
    2020-10-01 $839,000 (60.5%) $1,024,263 (49.6%) 0.00 40
    2020-11-01 $818,125 (60.7%) $1,039,222 (56.0%) 0.00 33
    2020-12-01 $867,125 (84.3%) $1,104,832 (75.8%) 0.00 24
    2021-01-01 $895,000 (94.7%) $1,119,596 (76.3%) 0.00 19
    2021-02-01 $829,500 (69.3%) $1,065,706 (64.6%) 0.00 18
    2021-03-01 $764,250 (45.7%) $1,037,118 (52.0%) 0.00 16
    2021-04-01 $796,000 (42.8%) $1,030,050 (46.3%) 0.00 17
    2021-05-01 $800,000 (40.6%) $978,711 (35.3%) 0.00 17
    2021-06-01 $782,500 (31.7%) $935,117 (19.4%) 0.00 27
    2021-07-01 $765,000 (28.2%) $957,900 (17.5%) 0.00 24
    2021-08-01 $783,500 (27.4%) $927,021 (7.1%) 0.00 31
    2021-09-01 $748,500 (-0.2%) $949,636 (-2.6%) 0.00 34
    2021-10-01 $750,000 (-10.6%) $1,078,289 (5.3%) 0.00 25
    2021-11-01 $753,000 (-8.0%) $1,045,940 (0.7%) 0.00 22
    2021-12-01 $750,750 (-13.4%) $1,065,921 (-3.5%) 0.00 24
    2022-01-01 $739,500 (-17.4%) $1,109,000 (-1.0%) 0.00 17
    2022-02-01 $711,125 (-14.3%) $989,667 (-7.1%) 0.00 17
    2022-03-01 $708,750 (-7.3%) $972,480 (-6.2%) 0.00 22
    2022-04-01 $949,000 (19.2%) $984,190 (-4.5%) 0.00 23
    2022-05-01 $818,500 (2.3%) $955,139 (-2.4%) 0.00 32
    2022-06-01 $841,750 (7.6%) $943,286 (0.9%) 0.00 34
    2022-07-01 $785,000 (2.6%) $913,588 (-4.6%) 0.00 37
    2022-08-01 $801,875 (2.4%) $917,381 (-1.0%) 0.00 36
    2022-09-01 $842,375 (12.5%) $922,898 (-2.8%) 0.00 36
    2022-10-01 $835,000 (11.3%) $920,468 (-14.6%) 0.00 30
    2022-11-01 $794,000 (5.4%) $927,874 (-11.3%) 0.00 27
    2022-12-01 $774,000 (3.1%) $970,521 (-9.0%) 0.00 24
    2023-01-01 $819,750 (10.9%) $963,028 (-13.2%) 0.00 22
    2023-02-01 $868,500 (22.1%) $1,151,584 (16.4%) 0.00 24
    2023-03-01 $855,000 (20.6%) $1,009,022 (3.8%) 0.00 30
    2023-04-01 $850,000 (-10.4%) $1,029,342 (4.6%) 0.00 31
    2023-05-01 $854,975 (4.5%) $942,591 (-1.3%) 0.00 36
    2023-06-01 $823,750 (-2.1%) $969,605 (2.8%) 0.00 42
    2023-07-01 $837,000 (6.6%) $1,028,907 (12.6%) 0.00 47
    2023-08-01 $843,500 (5.2%) $1,066,774 (16.3%) 0.00 52
    2023-09-01 $792,500 (-5.9%) $1,011,816 (9.6%) 0.00 48
    2023-10-01 $837,500 (0.3%) $1,093,858 (18.8%) 0.00 45
    2023-11-01 $850,000 (7.1%) $1,138,118 (22.7%) 0.00 41
    2023-12-01 $825,000 (6.6%) $1,120,177 (15.4%) 0.00 34
    2024-01-01 $825,000 (0.6%) $1,084,042 (12.6%) 0.00 30
    2024-02-01 $777,250 (-10.5%) $1,038,963 (-9.8%) 0.00 30
    2024-03-01 $769,500 (-10.0%) $1,048,424 (3.9%) 0.00 30
    2024-04-01 $817,500 (-3.8%) $1,039,963 (1.0%) 0.00 44
    2024-05-01 $762,225 (-10.9%) $991,342 (5.2%) 0.00 43
    2024-06-01 $750,000 (-9.0%) $976,332 (0.7%) 0.00 51
    2024-07-01 $776,938 (-7.2%) $986,531 (-4.1%) 0.00 57
    2024-08-01 $785,000 (-6.9%) $980,124 (-8.1%) 0.00 79
    2024-09-01 $791,000 (-0.2%) $1,040,187 (2.8%) 0.00 73
    2024-10-01 $770,000 (-8.1%) $1,047,326 (-4.3%) 0.00 61
    Hood River's median listing price for 2024-10-01 was $770,000, a difference of $-67,500 (-8.1%) versus the prior year and $-21,000 versus the prior month.

    Hood River's median listing price comes in at 0% of the national average.

    Hood River's average listing price for 2024-10-01 was $1,047,326, a difference of $-46,532 (-4.3%) versus the prior year and $7,139 versus the prior month.

    For the 2024-10-01 period, Hood River had 61 MLS listings, a difference of -12 listings (-16%) versus the prior month and 16 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hood River (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,007 sqft
    2018-02-01 0 days 2,005 sqft
    2018-03-01 0 days 2,041 sqft
    2018-04-01 0 days 2,110 sqft
    2018-05-01 0 days 2,058 sqft
    2018-06-01 0 days 2,092 sqft
    2018-07-01 0 days 2,050 sqft
    2018-08-01 0 days 2,067 sqft
    2018-09-01 0 days 2,050 sqft
    2018-10-01 0 days 2,096 sqft
    2018-11-01 0 days 2,139 sqft
    2018-12-01 0 days 2,060 sqft
    2019-01-01 0 days 1,960 sqft
    2019-02-01 0 days 1,977 sqft
    2019-03-01 0 days 2,084 sqft
    2019-04-01 0 days 2,052 sqft
    2019-05-01 0 days 2,128 sqft
    2019-06-01 0 days 1,918 sqft
    2019-07-01 0 days 1,824 sqft
    2019-08-01 0 days 1,868 sqft
    2019-09-01 0 days 1,969 sqft
    2019-10-01 0 days 1,953 sqft
    2019-11-01 0 days 1,871 sqft
    2019-12-01 0 days 1,906 sqft
    2020-01-01 0 days 2,085 sqft
    2020-02-01 0 days 1,991 sqft
    2020-03-01 0 days 1,979 sqft
    2020-04-01 0 days 1,992 sqft
    2020-05-01 0 days 2,203 sqft
    2020-06-01 0 days 2,309 sqft
    2020-07-01 0 days 2,246 sqft
    2020-08-01 0 days 2,342 sqft
    2020-09-01 0 days 2,397 sqft
    2020-10-01 0 days 2,459 sqft
    2020-11-01 0 days 2,334 sqft
    2020-12-01 0 days 2,518 sqft
    2021-01-01 0 days 2,736 sqft
    2021-02-01 0 days 2,805 sqft
    2021-03-01 0 days 2,498 sqft
    2021-04-01 0 days 2,475 sqft
    2021-05-01 0 days 2,096 sqft
    2021-06-01 0 days 2,090 sqft
    2021-07-01 0 days 2,100 sqft
    2021-08-01 0 days 2,098 sqft
    2021-09-01 0 days 1,980 sqft
    2021-10-01 0 days 2,003 sqft
    2021-11-01 0 days 1,987 sqft
    2021-12-01 0 days 1,985 sqft
    2022-01-01 0 days 1,884 sqft
    2022-02-01 0 days 1,950 sqft
    2022-03-01 0 days 1,990 sqft
    2022-04-01 0 days 2,068 sqft
    2022-05-01 0 days 1,930 sqft
    2022-06-01 0 days 2,028 sqft
    2022-07-01 0 days 2,087 sqft
    2022-08-01 0 days 2,097 sqft
    2022-09-01 0 days 2,245 sqft
    2022-10-01 0 days 2,200 sqft
    2022-11-01 0 days 2,160 sqft
    2022-12-01 0 days 2,183 sqft
    2023-01-01 0 days 2,238 sqft
    2023-02-01 0 days 2,106 sqft
    2023-03-01 0 days 1,934 sqft
    2023-04-01 0 days 1,968 sqft
    2023-05-01 0 days 2,002 sqft
    2023-06-01 0 days 1,963 sqft
    2023-07-01 0 days 2,065 sqft
    2023-08-01 0 days 2,142 sqft
    2023-09-01 0 days 2,080 sqft
    2023-10-01 0 days 2,106 sqft
    2023-11-01 0 days 2,069 sqft
    2023-12-01 0 days 2,054 sqft
    2024-01-01 0 days 1,946 sqft
    2024-02-01 0 days 1,936 sqft
    2024-03-01 0 days 1,898 sqft
    2024-04-01 0 days 1,868 sqft
    2024-05-01 0 days 1,855 sqft
    2024-06-01 0 days 1,864 sqft
    2024-07-01 0 days 1,911 sqft
    2024-08-01 0 days 1,924 sqft
    2024-09-01 0 days 2,002 sqft
    2024-10-01 0 days 2,071 sqft
    Hood River's median listing age (time on market) for 2024-10-01 was 0 days.

    Hood River's median square footage for active listings during the 2024-10-01 period was 2,071 sqft. One year prior, the average listing was 2,106 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.