Klamath Falls VA Loan Rates, Closing Costs & Stats

Klamath Falls, 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.

    Klamath Falls's 51 lenders originated 157 VA loans during 2023. The total origination value was $48,885,000, with an average VA loan value of $311,369.

    Klamath Falls VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Klamath Falls averaged 0.15% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Klamath Falls's average VA mortgage closing costs are $6,380.

    The average rate for the prior week (2024-11-08) was 6.46% and one month ago for the week of 2024-10-11, the average rate was 5.93%.

    The average rate one year ago was 7.22%.

    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.

    Klamath Falls 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 Klamath Falls level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 23 6.91% $6,858
    SUMMIT FUNDING, INC. 20 6.28% $11,116
    QUICKEN LOANS, LLC 11 5.94% $14,842
    CALIBER HOME LOANS, INC. 8 5.81% $16,202
    UNITED WHOLESALE MORTGAGE, LLC 7 6.24% $10,749
    Century Mortgage Company DBA Century Lending Company 7 6.00% $9,536
    DHI MORTGAGE COMPANY, LTD. 5 5.72% $7,861
    LOANDEPOT.COM, LLC 5 6.45% $12,162
    The Federal Savings Bank 4 6.25% $18,718
    ROGUE 3 7.00% $8,778
    USAA Federal Savings Bank 3 5.71% $14,648
    MASON MCDUFFIE MORTGAGE CORPORATION 3 6.38% $9,620
    NEWREZ LLC 3 6.83% $8,696
    Mr. Cooper ( Nationstar Mortgage ) 3 5.88% $16,857
    AMERISAVE MORTGAGE CORPORATION 2 5.44% $22,151
    CANOPY MORTGAGE, LLC 2 6.44% $17,296
    Flagstar Bank, FSB 2 6.66% $5,078
    GUILD MORTGAGE COMPANY 2 6.56% $12,273
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.75% $3,072
    NATIONS DIRECT MORTGAGE, LLC 2 7.19% $14,792
    NAVY FEDERAL CREDIT UNION 2 5.81% $9,893
    PENNYMAC LOAN SERVICES, LLC 2 5.81% $13,546
    Sierra Pacific Mortgage Company, Inc. 2 5.94% $2,422
    Umpqua Bank 2 6.50% $6,078
    MOUNTAIN WEST FINANCIAL, INC. 1 5.63% $2,913
    MOVEMENT MORTGAGE, LLC 1 6.75% $9,708
    GUARANTEED RATE, INC. 1 6.63% $20,697
    UNION HOME MORTGAGE CORP. 1 6.50% $15,007
    Nations Lending Corporation 1 7.13% $11,721
    BAY EQUITY LLC 1 7.63% $16,067
    NEW DAY FINANCIAL, LLC 1 6.75% $30,289
    GENEVA FINANCIAL, LLC 1 7.00% $8,688
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.50% $11,150
    Paramount Residential Mortgage Group, Inc. 1 6.25% $3,302
    Barrington Bank & Trust Company, N.A. 1 6.75% $4,734
    PLANET HOME LENDING, LLC 1 6.38% $2,377
    PLAZA HOME MORTGAGE, INC. 1 7.75% $11,738
    FREEDOM MORTGAGE CORPORATION 1 5.75% $19,701
    RANLIFE, INC. 1 6.75% $11,724
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.99% $6,956
    VERITAS FUNDING, LLC 1 6.25% $13,906
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.75% $8,551
    CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $4,966
    SUN WEST MORTGAGE COMPANY, INC. 1 6.00% $13,087
    BROKER SOLUTIONS, INC. 1 6.63% $19,963
    LENDING 3, INC. 1 6.25% $7,762
    ISERVE RESIDENTIAL LENDING, LLC 1 6.88% $17,094
    MLD MORTGAGE INC. 1 7.25% $0
    MORTGAGE EXPRESS, LLC 1 6.13% $6,920
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $8,316
    Wells Fargo Bank 1 5.63% $0

    The top Klamath Falls VA lender as defined by loan originations is Mortgage Research Center, LLC, with 23 VA loans originated. Their average total fees are $6,858, which is $4,258 lower than the next largest lender, SUMMIT FUNDING, INC..

    The lowest fee Klamath Falls VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,858), SUMMIT FUNDING, INC. ($11,116), QUICKEN LOANS, LLC ($14,842), .

    The lowest rate Klamath Falls VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.94%), SUMMIT FUNDING, INC. (6.28%), Mortgage Research Center, LLC (6.91%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Klamath Falls (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 $211,250 (16.7%) $280,294 (4.5%) 0.00 307
    2018-02-01 $211,975 (17.8%) $274,022 (-1.0%) 0.00 305
    2018-03-01 $219,000 (15.6%) $289,276 (-2.4%) 0.00 304
    2018-04-01 $237,500 (21.8%) $309,779 (4.6%) 0.00 305
    2018-05-01 $250,000 (19.2%) $318,895 (6.0%) 0.00 336
    2018-06-01 $239,000 (19.4%) $308,275 (3.7%) 0.00 376
    2018-07-01 $249,225 (24.3%) $308,957 (4.4%) 0.00 392
    2018-08-01 $248,000 (25.6%) $311,283 (11.9%) 0.00 413
    2018-09-01 $244,900 (19.5%) $314,936 (13.0%) 0.00 447
    2018-10-01 $239,950 (15.0%) $313,740 (9.3%) 0.00 423
    2018-11-01 $249,000 (17.2%) $318,953 (10.1%) 0.00 406
    2018-12-01 $244,900 (16.6%) $317,634 (11.2%) 0.00 364
    2019-01-01 $242,450 (14.8%) $320,283 (14.3%) 0.00 326
    2019-02-01 $248,000 (17.0%) $319,435 (16.6%) 0.00 293
    2019-03-01 $256,350 (17.1%) $330,370 (14.2%) 0.00 284
    2019-04-01 $264,975 (11.6%) $333,016 (7.5%) 0.00 298
    2019-05-01 $266,725 (6.7%) $333,055 (4.4%) 0.00 336
    2019-06-01 $274,950 (15.0%) $339,890 (10.3%) 0.00 399
    2019-07-01 $272,450 (9.3%) $331,526 (7.3%) 0.00 451
    2019-08-01 $268,550 (8.3%) $330,612 (6.2%) 0.00 444
    2019-09-01 $266,525 (8.8%) $330,748 (5.0%) 0.00 429
    2019-10-01 $264,925 (10.4%) $330,489 (5.3%) 0.00 410
    2019-11-01 $259,000 (4.0%) $331,934 (4.1%) 0.00 339
    2019-12-01 $247,100 (0.9%) $330,515 (4.1%) 0.00 290
    2020-01-01 $238,500 (-1.6%) $328,837 (2.7%) 0.00 246
    2020-02-01 $264,900 (6.8%) $349,257 (9.3%) 0.00 233
    2020-03-01 $258,450 (0.8%) $341,752 (3.5%) 0.00 257
    2020-04-01 $259,000 (-2.3%) $323,260 (-2.9%) 0.00 278
    2020-05-01 $275,000 (3.1%) $353,881 (6.3%) 0.00 241
    2020-06-01 $294,949 (7.3%) $379,238 (11.6%) 0.00 207
    2020-07-01 $307,500 (12.9%) $386,452 (16.6%) 0.00 212
    2020-08-01 $327,000 (21.8%) $404,400 (22.3%) 0.00 192
    2020-09-01 $336,500 (26.3%) $426,508 (29.0%) 0.00 178
    2020-10-01 $329,000 (24.2%) $424,472 (28.4%) 0.00 170
    2020-11-01 $329,000 (27.0%) $433,023 (30.5%) 0.00 135
    2020-12-01 $319,925 (29.5%) $403,817 (22.2%) 0.00 117
    2021-01-01 $325,000 (36.3%) $418,525 (27.3%) 0.00 103
    2021-02-01 $329,225 (24.3%) $572,366 (63.9%) 0.00 89
    2021-03-01 $310,975 (20.3%) $600,309 (75.7%) 0.00 76
    2021-04-01 $320,000 (23.6%) $584,339 (80.8%) 0.00 92
    2021-05-01 $334,000 (21.5%) $543,542 (53.6%) 0.00 125
    2021-06-01 $330,725 (12.1%) $509,277 (34.3%) 0.00 144
    2021-07-01 $342,450 (11.4%) $517,143 (33.8%) 0.00 152
    2021-08-01 $348,875 (6.7%) $505,600 (25.0%) 0.00 170
    2021-09-01 $342,500 (1.8%) $488,927 (14.6%) 0.00 182
    2021-10-01 $349,000 (6.1%) $492,821 (16.1%) 0.00 182
    2021-11-01 $340,750 (3.6%) $520,694 (20.3%) 0.00 148
    2021-12-01 $359,000 (12.2%) $547,971 (35.7%) 0.00 131
    2022-01-01 $353,700 (8.8%) $567,439 (35.6%) 0.00 108
    2022-02-01 $378,250 (14.9%) $661,569 (15.6%) 0.00 103
    2022-03-01 $380,750 (22.4%) $622,098 (3.6%) 0.00 119
    2022-04-01 $382,450 (19.5%) $619,621 (6.0%) 0.00 141
    2022-05-01 $375,000 (12.3%) $571,826 (5.2%) 0.00 176
    2022-06-01 $362,500 (9.6%) $549,911 (8.0%) 0.00 207
    2022-07-01 $373,000 (8.9%) $575,527 (11.3%) 0.00 214
    2022-08-01 $359,950 (3.2%) $556,749 (10.1%) 0.00 211
    2022-09-01 $370,000 (8.0%) $567,288 (16.0%) 0.00 193
    2022-10-01 $375,000 (7.5%) $556,198 (12.9%) 0.00 204
    2022-11-01 $372,450 (9.3%) $547,460 (5.1%) 0.00 210
    2022-12-01 $352,500 (-1.8%) $471,009 (-14.0%) 0.00 210
    2023-01-01 $355,000 (0.4%) $474,581 (-16.4%) 0.00 200
    2023-02-01 $355,125 (-6.1%) $468,465 (-29.2%) 0.00 199
    2023-03-01 $371,000 (-2.6%) $507,719 (-18.4%) 0.00 185
    2023-04-01 $375,000 (-2.0%) $514,018 (-17.0%) 0.00 196
    2023-05-01 $382,749 (2.1%) $529,569 (-7.4%) 0.00 208
    2023-06-01 $386,999 (6.8%) $524,093 (-4.7%) 0.00 223
    2023-07-01 $385,000 (3.2%) $515,254 (-10.5%) 0.00 267
    2023-08-01 $384,998 (7.0%) $517,124 (-7.1%) 0.00 267
    2023-09-01 $394,500 (6.6%) $528,146 (-6.9%) 0.00 272
    2023-10-01 $373,623 (-0.4%) $534,157 (-4.0%) 0.00 266
    2023-11-01 $364,950 (-2.0%) $538,707 (-1.6%) 0.00 235
    2023-12-01 $370,000 (5.0%) $557,033 (18.3%) 0.00 218
    2024-01-01 $387,998 (9.3%) $545,597 (15.0%) 0.00 186
    2024-02-01 $385,975 (8.7%) $541,325 (15.6%) 0.00 185
    2024-03-01 $389,000 (4.9%) $569,976 (12.3%) 0.00 203
    2024-04-01 $386,725 (3.1%) $564,661 (9.9%) 0.00 236
    2024-05-01 $399,250 (4.3%) $574,064 (8.4%) 0.00 253
    2024-06-01 $400,000 (3.4%) $566,722 (8.1%) 0.00 280
    2024-07-01 $404,850 (5.2%) $550,088 (6.8%) 0.00 315
    2024-08-01 $399,000 (3.6%) $537,798 (4.0%) 0.00 344
    2024-09-01 $400,000 (1.4%) $528,346 (0.0%) 0.00 378
    2024-10-01 $400,000 (7.1%) $525,227 (-1.7%) 0.00 382
    Klamath Falls's median listing price for 2024-10-01 was $400,000, a difference of $26,377 (7.1%) versus the prior year and $0 versus the prior month.

    Klamath Falls's median listing price comes in at 0% of the national average.

    Klamath Falls's average listing price for 2024-10-01 was $525,227, a difference of $-8,930 (-1.7%) versus the prior year and $-3,119 versus the prior month.

    For the 2024-10-01 period, Klamath Falls had 382 MLS listings, a difference of 4 listings (1%) versus the prior month and 116 listings (44%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Klamath Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,664 sqft
    2018-02-01 0 days 1,677 sqft
    2018-03-01 0 days 1,736 sqft
    2018-04-01 0 days 1,806 sqft
    2018-05-01 0 days 1,829 sqft
    2018-06-01 0 days 1,782 sqft
    2018-07-01 0 days 1,782 sqft
    2018-08-01 0 days 1,775 sqft
    2018-09-01 0 days 1,783 sqft
    2018-10-01 0 days 1,781 sqft
    2018-11-01 0 days 1,795 sqft
    2018-12-01 0 days 1,792 sqft
    2019-01-01 0 days 1,793 sqft
    2019-02-01 0 days 1,787 sqft
    2019-03-01 0 days 1,839 sqft
    2019-04-01 0 days 1,874 sqft
    2019-05-01 0 days 1,850 sqft
    2019-06-01 0 days 1,888 sqft
    2019-07-01 0 days 1,873 sqft
    2019-08-01 0 days 1,870 sqft
    2019-09-01 0 days 1,864 sqft
    2019-10-01 0 days 1,870 sqft
    2019-11-01 0 days 1,879 sqft
    2019-12-01 0 days 1,844 sqft
    2020-01-01 0 days 1,788 sqft
    2020-02-01 0 days 1,824 sqft
    2020-03-01 0 days 1,788 sqft
    2020-04-01 0 days 1,779 sqft
    2020-05-01 0 days 1,865 sqft
    2020-06-01 0 days 1,917 sqft
    2020-07-01 0 days 1,920 sqft
    2020-08-01 0 days 2,050 sqft
    2020-09-01 0 days 2,087 sqft
    2020-10-01 0 days 1,972 sqft
    2020-11-01 0 days 1,938 sqft
    2020-12-01 0 days 1,788 sqft
    2021-01-01 0 days 1,805 sqft
    2021-02-01 0 days 1,905 sqft
    2021-03-01 0 days 1,933 sqft
    2021-04-01 0 days 2,019 sqft
    2021-05-01 0 days 1,864 sqft
    2021-06-01 0 days 1,770 sqft
    2021-07-01 0 days 1,787 sqft
    2021-08-01 0 days 1,720 sqft
    2021-09-01 0 days 1,589 sqft
    2021-10-01 0 days 1,603 sqft
    2021-11-01 0 days 1,589 sqft
    2021-12-01 0 days 1,615 sqft
    2022-01-01 0 days 1,632 sqft
    2022-02-01 0 days 1,764 sqft
    2022-03-01 0 days 1,891 sqft
    2022-04-01 0 days 1,904 sqft
    2022-05-01 0 days 1,858 sqft
    2022-06-01 0 days 1,875 sqft
    2022-07-01 0 days 1,798 sqft
    2022-08-01 0 days 1,712 sqft
    2022-09-01 0 days 1,745 sqft
    2022-10-01 0 days 1,733 sqft
    2022-11-01 0 days 1,749 sqft
    2022-12-01 0 days 1,748 sqft
    2023-01-01 0 days 1,696 sqft
    2023-02-01 0 days 1,685 sqft
    2023-03-01 0 days 1,658 sqft
    2023-04-01 0 days 1,706 sqft
    2023-05-01 0 days 1,726 sqft
    2023-06-01 0 days 1,761 sqft
    2023-07-01 0 days 1,680 sqft
    2023-08-01 0 days 1,760 sqft
    2023-09-01 0 days 1,800 sqft
    2023-10-01 0 days 1,694 sqft
    2023-11-01 0 days 1,655 sqft
    2023-12-01 0 days 1,704 sqft
    2024-01-01 0 days 1,790 sqft
    2024-02-01 0 days 1,733 sqft
    2024-03-01 0 days 1,702 sqft
    2024-04-01 0 days 1,695 sqft
    2024-05-01 0 days 1,707 sqft
    2024-06-01 0 days 1,731 sqft
    2024-07-01 0 days 1,723 sqft
    2024-08-01 0 days 1,733 sqft
    2024-09-01 0 days 1,780 sqft
    2024-10-01 0 days 1,769 sqft
    Klamath Falls's median listing age (time on market) for 2024-10-01 was 0 days.

    Klamath Falls's median square footage for active listings during the 2024-10-01 period was 1,769 sqft. One year prior, the average listing was 1,694 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.