La Grande VA Loan Rates, Closing Costs & Stats

La Grande, 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.

    La Grande's 15 lenders originated 28 VA loans during 2023. The total origination value was $9,280,000, with an average VA loan value of $331,429.

    La Grande VA Loans, 30 Year Fixed Rates

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

    La Grande's average VA mortgage closing costs are $6,358.

    The average rate for the prior week (2024-11-08) was 6.86% and one month ago for the week of 2024-10-11, the average rate was 6.03%.

    The average rate one year ago was 7.52%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.1%.

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

    La Grande 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 La Grande level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 7 7.14% $5,108
    MANN FINANCIAL INC. 4 5.84% $26,922
    NEWREZ LLC 2 6.50% $7,407
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $13,619
    Ixonia Bank 1 6.88% $2,665
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $15,238
    NAVY FEDERAL CREDIT UNION 1 5.88% $2,126
    QUICKEN LOANS, LLC 1 5.75% $10,277
    The Federal Savings Bank 1 6.75% $15,536
    UNITED WHOLESALE MORTGAGE, LLC 1 5.88% $15,687
    USAA Federal Savings Bank 1 6.38% $7,413
    BNC National Bank 1 6.25% $9,016
    VILLAGE CAPITAL MORTGAGE 1 6.50% $9,826
    CHURCHILL MORTGAGE CORPORATION 1 5.75% $23,424
    Cornerstone First Mortgage, Inc 1 7.25% $13,285

    The top La Grande VA lender as defined by loan originations is Mortgage Research Center, LLC, with 7 VA loans originated. Their average total fees are $5,108, which is $21,815 lower than the next largest lender, MANN FINANCIAL INC..

    The lowest fee La Grande VA lenders (with over 10 loans originated) are .

    The lowest rate La Grande VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - La Grande (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 $237,925 (-8.5%) $346,232 (0.8%) 0.00 76
    2018-02-01 $254,950 (0.0%) $373,800 (4.7%) 0.00 68
    2018-03-01 $249,000 (-7.8%) $374,451 (1.0%) 0.00 71
    2018-04-01 $279,125 (5.3%) $428,410 (16.3%) 0.00 72
    2018-05-01 $276,950 (2.1%) $416,206 (12.2%) 0.00 78
    2018-06-01 $275,000 (5.9%) $415,301 (19.8%) 0.00 82
    2018-07-01 $265,000 (-6.8%) $337,652 (-12.6%) 0.00 84
    2018-08-01 $266,425 (-2.1%) $353,273 (-3.9%) 0.00 87
    2018-09-01 $291,250 (9.9%) $366,306 (3.9%) 0.00 73
    2018-10-01 $285,000 (6.7%) $356,457 (3.6%) 0.00 76
    2018-11-01 $287,500 (5.2%) $370,146 (2.3%) 0.00 70
    2018-12-01 $277,450 (17.6%) $361,084 (5.7%) 0.00 67
    2019-01-01 $274,950 (15.6%) $363,875 (5.1%) 0.00 65
    2019-02-01 $279,975 (9.8%) $369,768 (-1.1%) 0.00 61
    2019-03-01 $277,829 (11.6%) $365,886 (-2.3%) 0.00 65
    2019-04-01 $275,354 (-1.4%) $365,493 (-14.7%) 0.00 74
    2019-05-01 $278,450 (0.5%) $369,002 (-11.3%) 0.00 80
    2019-06-01 $269,900 (-1.9%) $376,626 (-9.3%) 0.00 93
    2019-07-01 $278,000 (4.9%) $383,276 (13.5%) 0.00 89
    2019-08-01 $273,427 (2.6%) $395,241 (11.9%) 0.00 87
    2019-09-01 $268,068 (-8.0%) $412,465 (12.6%) 0.00 83
    2019-10-01 $263,900 (-7.4%) $365,435 (2.5%) 0.00 78
    2019-11-01 $263,900 (-8.2%) $306,581 (-17.2%) 0.00 65
    2019-12-01 $244,748 (-11.8%) $279,488 (-22.6%) 0.00 60
    2020-01-01 $242,975 (-11.6%) $268,671 (-26.2%) 0.00 52
    2020-02-01 $240,000 (-14.3%) $258,361 (-30.1%) 0.00 46
    2020-03-01 $213,500 (-23.2%) $251,736 (-31.2%) 0.00 44
    2020-04-01 $219,000 (-20.5%) $251,954 (-31.1%) 0.00 46
    2020-05-01 $239,995 (-13.8%) $257,745 (-30.2%) 0.00 42
    2020-06-01 $253,000 (-6.3%) $324,508 (-13.8%) 0.00 34
    2020-07-01 $280,298 (0.8%) $315,990 (-17.6%) 0.00 37
    2020-08-01 $254,900 (-6.8%) $327,799 (-17.1%) 0.00 34
    2020-09-01 $234,500 (-12.5%) $309,178 (-25.0%) 0.00 31
    2020-10-01 $262,500 (-0.5%) $364,688 (-0.2%) 0.00 22
    2020-11-01 $245,400 (-7.0%) $345,059 (12.6%) 0.00 21
    2020-12-01 $231,200 (-5.5%) $317,749 (13.7%) 0.00 24
    2021-01-01 $261,700 (7.7%) $334,159 (24.4%) 0.00 22
    2021-02-01 $286,325 (19.3%) $356,821 (38.1%) 0.00 15
    2021-03-01 $289,750 (35.7%) $373,427 (48.3%) 0.00 17
    2021-04-01 $269,000 (22.8%) $429,227 (70.4%) 0.00 18
    2021-05-01 $385,000 (60.4%) $468,458 (81.8%) 0.00 22
    2021-06-01 $332,125 (31.3%) $417,841 (28.8%) 0.00 32
    2021-07-01 $350,000 (24.9%) $415,479 (31.5%) 0.00 26
    2021-08-01 $349,500 (37.1%) $395,544 (20.7%) 0.00 24
    2021-09-01 $271,375 (15.7%) $324,540 (5.0%) 0.00 38
    2021-10-01 $285,000 (8.6%) $326,684 (-10.4%) 0.00 37
    2021-11-01 $290,000 (18.2%) $354,038 (2.6%) 0.00 24
    2021-12-01 $277,750 (20.1%) $330,011 (3.9%) 0.00 23
    2022-01-01 $263,450 (0.7%) $314,548 (-5.9%) 0.00 20
    2022-02-01 $303,825 (6.1%) $338,808 (-5.1%) 0.00 17
    2022-03-01 $282,225 (-2.6%) $338,245 (-9.4%) 0.00 16
    2022-04-01 $315,000 (17.1%) $372,005 (-13.3%) 0.00 22
    2022-05-01 $375,625 (-2.4%) $447,453 (-4.5%) 0.00 33
    2022-06-01 $330,950 (-0.4%) $634,533 (51.9%) 0.00 50
    2022-07-01 $329,900 (-5.7%) $618,278 (48.8%) 0.00 51
    2022-08-01 $319,000 (-8.7%) $646,417 (63.4%) 0.00 45
    2022-09-01 $327,500 (20.7%) $653,027 (101.2%) 0.00 52
    2022-10-01 $380,000 (33.3%) $722,243 (121.1%) 0.00 51
    2022-11-01 $377,225 (30.1%) $737,357 (108.3%) 0.00 50
    2022-12-01 $344,500 (24.0%) $538,265 (63.1%) 0.00 41
    2023-01-01 $343,200 (30.3%) $520,279 (65.4%) 0.00 40
    2023-02-01 $371,000 (22.1%) $553,850 (63.5%) 0.00 39
    2023-03-01 $410,250 (45.4%) $601,412 (77.8%) 0.00 37
    2023-04-01 $375,000 (19.1%) $593,441 (59.5%) 0.00 40
    2023-05-01 $361,625 (-3.7%) $572,484 (27.9%) 0.00 32
    2023-06-01 $377,500 (14.1%) $818,312 (29.0%) 0.00 38
    2023-07-01 $375,000 (13.7%) $781,240 (26.4%) 0.00 45
    2023-08-01 $429,750 (34.7%) $753,596 (16.6%) 0.00 50
    2023-09-01 $370,000 (13.0%) $688,008 (5.4%) 0.00 61
    2023-10-01 $351,750 (-7.4%) $680,977 (-5.7%) 0.00 57
    2023-11-01 $323,875 (-14.1%) $658,579 (-10.7%) 0.00 55
    2023-12-01 $298,950 (-13.2%) $630,387 (17.1%) 0.00 47
    2024-01-01 $326,000 (-5.0%) $702,009 (34.9%) 0.00 40
    2024-02-01 $359,625 (-3.1%) $739,046 (33.4%) 0.00 40
    2024-03-01 $395,750 (-3.5%) $716,865 (19.2%) 0.00 46
    2024-04-01 $393,950 (5.1%) $694,182 (17.0%) 0.00 48
    2024-05-01 $385,900 (6.7%) $695,201 (21.4%) 0.00 59
    2024-06-01 $400,000 (6.0%) $712,916 (-12.9%) 0.00 55
    2024-07-01 $385,900 (2.9%) $683,387 (-12.5%) 0.00 56
    2024-08-01 $385,900 (-10.2%) $667,501 (-11.4%) 0.00 56
    2024-09-01 $390,725 (5.6%) $657,322 (-4.5%) 0.00 64
    2024-10-01 $388,500 (10.5%) $806,707 (18.5%) 0.00 59
    La Grande's median listing price for 2024-10-01 was $388,500, a difference of $36,750 (10.5%) versus the prior year and $-2,225 versus the prior month.

    La Grande's median listing price comes in at 0% of the national average.

    La Grande's average listing price for 2024-10-01 was $806,707, a difference of $125,730 (18.5%) versus the prior year and $149,385 versus the prior month.

    For the 2024-10-01 period, La Grande had 59 MLS listings, a difference of -5 listings (-8%) versus the prior month and 2 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - La Grande (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,067 sqft
    2018-02-01 0 days 2,129 sqft
    2018-03-01 0 days 2,003 sqft
    2018-04-01 0 days 2,252 sqft
    2018-05-01 0 days 2,273 sqft
    2018-06-01 0 days 2,214 sqft
    2018-07-01 0 days 2,116 sqft
    2018-08-01 0 days 2,017 sqft
    2018-09-01 0 days 1,997 sqft
    2018-10-01 0 days 1,998 sqft
    2018-11-01 0 days 2,019 sqft
    2018-12-01 0 days 2,046 sqft
    2019-01-01 0 days 2,074 sqft
    2019-02-01 0 days 2,053 sqft
    2019-03-01 0 days 2,004 sqft
    2019-04-01 0 days 2,014 sqft
    2019-05-01 0 days 1,933 sqft
    2019-06-01 0 days 1,906 sqft
    2019-07-01 0 days 1,977 sqft
    2019-08-01 0 days 1,993 sqft
    2019-09-01 0 days 1,946 sqft
    2019-10-01 0 days 1,947 sqft
    2019-11-01 0 days 2,015 sqft
    2019-12-01 0 days 1,973 sqft
    2020-01-01 0 days 1,969 sqft
    2020-02-01 0 days 1,973 sqft
    2020-03-01 0 days 1,873 sqft
    2020-04-01 0 days 1,925 sqft
    2020-05-01 0 days 1,974 sqft
    2020-06-01 0 days 1,967 sqft
    2020-07-01 0 days 2,019 sqft
    2020-08-01 0 days 2,153 sqft
    2020-09-01 0 days 1,991 sqft
    2020-10-01 0 days 1,939 sqft
    2020-11-01 0 days 1,815 sqft
    2020-12-01 0 days 1,675 sqft
    2021-01-01 0 days 1,765 sqft
    2021-02-01 0 days 1,749 sqft
    2021-03-01 0 days 1,859 sqft
    2021-04-01 0 days 1,946 sqft
    2021-05-01 0 days 1,954 sqft
    2021-06-01 0 days 1,709 sqft
    2021-07-01 0 days 2,112 sqft
    2021-08-01 0 days 2,038 sqft
    2021-09-01 0 days 2,004 sqft
    2021-10-01 0 days 2,016 sqft
    2021-11-01 0 days 2,054 sqft
    2021-12-01 0 days 2,090 sqft
    2022-01-01 0 days 1,889 sqft
    2022-02-01 0 days 1,499 sqft
    2022-03-01 0 days 1,736 sqft
    2022-04-01 0 days 1,706 sqft
    2022-05-01 0 days 2,016 sqft
    2022-06-01 0 days 1,783 sqft
    2022-07-01 0 days 1,786 sqft
    2022-08-01 0 days 1,772 sqft
    2022-09-01 0 days 1,804 sqft
    2022-10-01 0 days 1,950 sqft
    2022-11-01 0 days 2,017 sqft
    2022-12-01 0 days 1,975 sqft
    2023-01-01 0 days 1,838 sqft
    2023-02-01 0 days 1,912 sqft
    2023-03-01 0 days 2,164 sqft
    2023-04-01 0 days 2,393 sqft
    2023-05-01 0 days 2,036 sqft
    2023-06-01 0 days 2,010 sqft
    2023-07-01 0 days 1,864 sqft
    2023-08-01 0 days 2,185 sqft
    2023-09-01 0 days 1,969 sqft
    2023-10-01 0 days 1,919 sqft
    2023-11-01 0 days 1,954 sqft
    2023-12-01 0 days 1,854 sqft
    2024-01-01 0 days 1,885 sqft
    2024-02-01 0 days 1,931 sqft
    2024-03-01 0 days 2,143 sqft
    2024-04-01 0 days 2,196 sqft
    2024-05-01 0 days 2,162 sqft
    2024-06-01 0 days 2,182 sqft
    2024-07-01 0 days 2,084 sqft
    2024-08-01 0 days 2,181 sqft
    2024-09-01 0 days 2,181 sqft
    2024-10-01 0 days 2,144 sqft
    La Grande's median listing age (time on market) for 2024-10-01 was 0 days.

    La Grande's median square footage for active listings during the 2024-10-01 period was 2,144 sqft. One year prior, the average listing was 1,919 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.