Medford VA Loans

MEDFORD, 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 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.

    Medford's 106 lenders originated 1,256 VA loans during 2021. The total origination value was $390,930,000, with an average VA loan value of $311,250.

    Medford VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Medford averaged 5.3% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

    The average rate for the prior week (2022-05-06) was 5.63% and one month ago for the week of 2022-04-08, the average rate was 4.96%.

    The average rate one year ago was 2.97%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.07%.

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

    Medford VA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Medford level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FREEDOM MORTGAGE CORPORATION 84 2.43% $3,452
    QUICKEN LOANS, LLC 74 2.37% $4,194
    GUILD MORTGAGE COMPANY 73 2.79% $9,574
    Mortgage Research Center, LLC 73 2.69% $6,056
    CALIBER HOME LOANS, INC. 67 2.52% $6,420
    LOANDEPOT.COM, LLC 52 2.51% $5,240
    PENNYMAC LOAN SERVICES, LLC 48 2.31% $6,758
    ROGUE 47 2.70% $5,726
    Willamette Valley Bank 34 2.73% $6,358
    LAKEVIEW LOAN SERVICING, LLC 34 2.51% $3,164
    UNITED WHOLESALE MORTGAGE, LLC 33 2.38% $5,416
    CROSSCOUNTRY MORTGAGE, LLC 31 2.97% $8,408
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 25 3.20% $11,929
    The Federal Savings Bank 25 2.43% $8,932
    NEW DAY FINANCIAL, LLC 25 2.71% $10,233
    MOVEMENT MORTGAGE, LLC 21 2.93% $6,234
    USAA Federal Savings Bank 20 2.81% $3,570
    Umpqua Bank 19 2.64% $7,443
    MUTUAL OF OMAHA MORTGAGE, INC. 16 2.70% $4,109
    NAVY FEDERAL CREDIT UNION 14 2.55% $7,451
    Low VA Rates, LLC 13 2.38% $4,167
    VILLAGE CAPITAL & INVESTMENT LLC 12 2.26% $5,277
    AMERICAN FINANCIAL NETWORK, INC. 11 2.60% $11,906
    Barrington Bank & Trust Company, N.A. 11 2.64% $7,112
    InterContinental Capital Group, Inc 11 2.48% $5,018
    Mr. Cooper ( Nationstar Mortgage ) 10 2.94% $4,946
    CMG MORTGAGE, INC. 10 2.63% $9,488
    People's Bank of Commerce 10 2.49% $6,370
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 3.01% $5,777
    Magnolia Bank 9 2.40% $5,916
    SUMMIT FUNDING, INC. 9 3.17% $5,946
    HOME POINT FINANCIAL CORPORATION 9 2.31% $4,638
    NP, Inc. 8 2.28% $5,073
    Sierra Pacific Mortgage Company, Inc. 7 2.71% $13,620
    Carrington Mortgage Services, LLC 7 2.93% $6,380
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 7 2.73% $7,817
    NATIONS DIRECT MORTGAGE, LLC 7 2.43% $6,108
    SUN WEST MORTGAGE COMPANY, INC. 6 2.42% $5,804
    First Guaranty Mortgage Corporation 6 2.56% $4,059
    CHERRY CREEK MORTGAGE, LLC 6 2.44% $6,080
    CLEARPATH LENDING 6 2.00% $4,608
    Nations Lending Corporation 6 2.79% $10,747
    NEWREZ LLC 6 2.52% $2,634
    AMERISAVE MORTGAGE CORPORATION 5 2.33% $9,294
    NORTHWEST COMMUNITY 5 2.43% $4,890
    PACIFIC RESIDENTIAL MORTGAGE, LLC 5 2.93% $4,172
    LOANPAL, LLC 4 2.34% $11,516
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 2.63% $5,320
    PREMIER MORTGAGE RESOURCES, L.L.C. 4 2.75% $6,865
    Wells Fargo Bank 4 2.50% $4,499
    SOVEREIGN LENDING GROUP INCORPORATED 4 2.31% $8,938
    BROKER SOLUTIONS, INC. 4 2.38% $4,449
    PENTAGON FEDERAL CREDIT UNION 3 2.25% $2,289
    ACCELERATE MORTGAGE, LLC 3 2.79% $6,099
    AMERICAN FINANCING CORPORATION 3 2.58% $3,609
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 2.54% $2,218
    First Interstate Bank 3 2.67% $6,120
    Flagstar Bank, FSB 3 2.54% $10,189
    North American Savings Bank, F.S.B. 3 2.42% $4,679
    PLANET HOME LENDING, LLC 3 2.58% $2,873
    First Savings Bank 2 2.38% $8,980
    NETWORK CAPITAL FUNDING CORPORATION 2 2.38% $7,342
    GUARANTEED RATE, INC. 2 2.81% $9,297
    S1L, Inc. 2 2.88% $5,903
    First Home Bank 2 2.25% $9,629
    Commerce Home Mortgage, Inc. 2 2.81% $6,481
    LEADERONE FINANCIAL CORPORATION 2 2.50% $8,016
    PLAZA HOME MORTGAGE, INC. 2 2.38% $2,506
    U.S. Bank 2 3.00% $5,243
    STEARNS LENDING, LLC 2 2.63% $13,159
    NBKC BANK 2 2.63% $2,326
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.06% $7,197
    OPEN MORTGAGE, LLC 1 3.00% $8,920
    First Mortgage Solutions, LLC 1 2.25% $3,668
    ACADEMY MORTGAGE CORPORATION 1 2.25% $18,827
    ALAMEDA MORTGAGE CORPORATION 1 1.99% $2,621
    First Federal Bank 1 2.75% $7,254
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $2,341
    FINANCE OF AMERICA MORTGAGE LLC 1 2.75% $5,942
    Community First National Bank 1 2.63% $12,101
    SEA WEST COAST GUARD FEDERAL CREDIT UNION 1 2.38% $0
    Century Mortgage Company DBA Century Lending Company 1 2.75% $4,094
    SRE MORTGAGE ALLIANCE INC. 1 2.25% $3,529
    CANOPY MORTGAGE, LLC 1 2.13% $4,135
    BOKF 1 2.38% $4,756
    Texana Bank 1 2.50% $8,454
    BAYSHORE MORTGAGE FUNDING, LLC 1 2.38% $1,562
    TruHome Solutions, LLC 1 2.75% $2,218
    Banner Bank 1 2.25% $19,661
    UNITED SECURITY FINANCIAL CORP 1 1.88% $4,841
    AXIA FINANCIAL, LLC 1 2.50% $4,062
    AmeriHome Mortgage Company, LLC 1 2.99% $1,732
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.75% $4,793
    Meridian Bank Corporation 1 2.63% $5,327
    Manufacturers and Traders Trust Company 1 2.25% $3,557
    MOUNTAIN WEST FINANCIAL, INC. 1 3.00% $7,897
    Loan Simple, Inc. 1 2.63% $18,638
    LADERA LENDING, INC. 1 2.25% $6,507
    KS StateBank 1 3.00% $2,964
    Ixonia Bank 1 2.25% $7,611
    NATIONWIDE MORTGAGE BANKERS, INC. 1 3.25% $17,961
    INTERCAP LENDING INC. 1 2.25% $3,408
    HOMESIDE FINANCIAL, LLC 1 2.50% $5,198
    Home Mortgage Alliance Corp 1 2.88% $19,537
    AMERICAN FINANCIAL RESOURCES, INC. 1 2.25% $6,669
    Goldwater Bank, N.A. 1 2.38% $5,288

    The top Medford VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 84 VA loans originated. Their average total fees are $3,452, which is $742 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Medford VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($3,164), FREEDOM MORTGAGE CORPORATION ($3,452), USAA Federal Savings Bank ($3,570), MUTUAL OF OMAHA MORTGAGE, INC. ($4,109) and Low VA Rates, LLC ($4,167).

    The lowest rate Medford VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.26%), PENNYMAC LOAN SERVICES, LLC (2.31%), QUICKEN LOANS, LLC (2.37%), Low VA Rates, LLC (2.38%) and UNITED WHOLESALE MORTGAGE, LLC (2.38%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Medford (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 $404,900 (4.1%) $600,421 (2.9%) 1.49 764
    2018-02-01 $418,750 (5.0%) $612,160 (4.8%) 1.51 779
    2018-03-01 $420,000 (5.3%) $605,372 (4.4%) 1.45 821
    2018-04-01 $419,500 (2.6%) $585,530 (-1.9%) 1.41 901
    2018-05-01 $427,000 (3.5%) $599,884 (1.3%) 1.42 988
    2018-06-01 $440,000 (6.9%) $632,008 (7.7%) 1.47 1,048
    2018-07-01 $437,450 (9.4%) $591,673 (-1.3%) 1.46 1,146
    2018-08-01 $417,000 (4.5%) $577,562 (0.1%) 1.39 1,164
    2018-09-01 $415,000 (4.0%) $580,637 (-1.1%) 1.39 1,197
    2018-10-01 $404,500 (1.6%) $568,011 (-0.8%) 1.35 1,255
    2018-11-01 $406,500 (1.6%) $592,002 (4.6%) 1.36 1,213
    2018-12-01 $403,000 (-2.9%) $584,866 (-2.6%) 1.38 1,093
    2019-01-01 $400,000 (-1.2%) $572,057 (-4.7%) 1.38 987
    2019-02-01 $400,000 (-4.5%) $582,882 (-4.8%) 1.34 1,006
    2019-03-01 $413,000 (-1.7%) $594,692 (-1.8%) 1.35 1,059
    2019-04-01 $430,000 (2.5%) $601,337 (2.7%) 1.35 1,135
    2019-05-01 $445,000 (4.2%) $615,773 (2.7%) 1.37 1,229
    2019-06-01 $444,900 (1.1%) $609,790 (-3.5%) 1.37 1,341
    2019-07-01 $427,500 (-2.3%) $608,512 (2.9%) 1.33 1,320
    2019-08-01 $422,757 (1.4%) $609,682 (5.6%) 1.33 1,276
    2019-09-01 $419,450 (1.1%) $609,543 (5.0%) 1.33 1,211
    2019-10-01 $404,950 (0.1%) $603,277 (6.2%) 1.29 1,123
    2019-11-01 $410,000 (0.9%) $613,346 (3.6%) 1.32 975
    2019-12-01 $422,000 (4.7%) $621,302 (6.2%) 1.41 812
    2020-01-01 $409,000 (2.3%) $631,258 (10.4%) 1.36 722
    2020-02-01 $420,000 (5.0%) $630,202 (8.1%) 1.36 706
    2020-03-01 $439,450 (6.4%) $661,104 (11.2%) 1.37 712
    2020-04-01 $439,450 (2.2%) $659,406 (9.7%) 1.37 763
    2020-05-01 $459,000 (3.2%) $686,313 (11.5%) 1.39 718
    2020-06-01 $477,000 (7.2%) $732,613 (20.1%) 1.39 632
    2020-07-01 $477,000 (11.6%) $741,067 (21.8%) 1.37 584
    2020-08-01 $485,000 (14.7%) $749,542 (22.9%) 1.39 529
    2020-09-01 $524,000 (24.9%) $776,106 (27.3%) 1.50 420
    2020-10-01 $559,900 (38.3%) $808,742 (34.1%) 1.60 332
    2020-11-01 $557,500 (36.0%) $818,819 (33.5%) 1.60 319
    2020-12-01 $534,950 (26.8%) $744,511 (19.8%) 1.57 306
    2021-01-01 $529,000 (29.3%) $757,870 (20.1%) 1.56 254
    2021-02-01 $509,500 (21.3%) $785,503 (24.6%) 1.47 254
    2021-03-01 $507,450 (15.5%) $738,577 (11.7%) 1.42 289
    2021-04-01 $492,000 (12.0%) $707,489 (7.3%) 1.32 282
    2021-05-01 $525,000 (14.4%) $719,245 (4.8%) 1.38 330
    2021-06-01 $531,500 (11.4%) $708,081 (-3.4%) 1.38 389
    2021-07-01 $525,000 (10.1%) $714,890 (-3.5%) 1.36 422
    2021-08-01 $520,000 (7.2%) $703,582 (-6.1%) 1.37 459
    2021-09-01 $504,500 (-3.7%) $688,171 (-11.3%) 1.33 508
    2021-10-01 $500,000 (-10.7%) $688,911 (-14.8%) 1.32 569
    2021-11-01 $522,000 (-6.4%) $705,683 (-13.8%) 1.38 511
    2021-12-01 $510,000 (-4.7%) $714,196 (-4.1%) 1.36 425
    2022-01-01 $549,900 (4.0%) $745,150 (-1.7%) 1.47 346
    2022-02-01 $580,000 (13.8%) $775,328 (-1.3%) 1.48 347
    2022-03-01 $552,500 (8.9%) $765,657 (3.7%) 1.36 388
    2022-04-01 $565,000 (14.8%) $749,100 (5.9%) 1.33 469
    Medford's median listing price for 2022-04-01 was $565,000, a difference of $73,000 (14.8%) versus the prior year and $12,500 versus the prior month.

    Medford's median listing price comes in at 133% of the national average.

    Medford's average listing price for 2022-04-01 was $749,100, a difference of $41,611 (5.9%) versus the prior year and $-16,557 versus the prior month.

    For the 2022-04-01 period, Medford had 469 MLS listings, a difference of 81 listings (21%) versus the prior month and 187 listings (66%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Medford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 87 days 1,920 sqft
    2018-02-01 83 days 1,924 sqft
    2018-03-01 68 days 1,964 sqft
    2018-04-01 58 days 1,966 sqft
    2018-05-01 55 days 2,007 sqft
    2018-06-01 54 days 2,052 sqft
    2018-07-01 58 days 2,042 sqft
    2018-08-01 63 days 2,015 sqft
    2018-09-01 77 days 2,000 sqft
    2018-10-01 76 days 1,973 sqft
    2018-11-01 75 days 1,990 sqft
    2018-12-01 85 days 1,944 sqft
    2019-01-01 95 days 1,889 sqft
    2019-02-01 95 days 1,903 sqft
    2019-03-01 69 days 1,918 sqft
    2019-04-01 60 days 1,944 sqft
    2019-05-01 51 days 2,011 sqft
    2019-06-01 54 days 1,998 sqft
    2019-07-01 65 days 1,952 sqft
    2019-08-01 74 days 1,936 sqft
    2019-09-01 80 days 1,930 sqft
    2019-10-01 81 days 1,937 sqft
    2019-11-01 86 days 1,948 sqft
    2019-12-01 90 days 1,904 sqft
    2020-01-01 89 days 1,880 sqft
    2020-02-01 84 days 1,861 sqft
    2020-03-01 56 days 1,918 sqft
    2020-04-01 55 days 1,919 sqft
    2020-05-01 60 days 2,065 sqft
    2020-06-01 65 days 2,133 sqft
    2020-07-01 65 days 2,156 sqft
    2020-08-01 60 days 2,128 sqft
    2020-09-01 62 days 2,213 sqft
    2020-10-01 70 days 2,189 sqft
    2020-11-01 53 days 2,151 sqft
    2020-12-01 58 days 1,979 sqft
    2021-01-01 67 days 1,935 sqft
    2021-02-01 53 days 1,896 sqft
    2021-03-01 43 days 1,933 sqft
    2021-04-01 46 days 1,860 sqft
    2021-05-01 35 days 1,904 sqft
    2021-06-01 41 days 1,881 sqft
    2021-07-01 42 days 1,882 sqft
    2021-08-01 43 days 1,863 sqft
    2021-09-01 46 days 1,846 sqft
    2021-10-01 43 days 1,837 sqft
    2021-11-01 48 days 1,865 sqft
    2021-12-01 57 days 1,826 sqft
    2022-01-01 72 days 1,864 sqft
    2022-02-01 55 days 1,924 sqft
    2022-03-01 40 days 1,844 sqft
    2022-04-01 39 days 1,863 sqft
    Medford's median listing age (time on market) for 2022-04-01 was 39 days. This is -14% shorter than the same period one year ago.

    Medford's median square footage for active listings during the 2022-04-01 period was 1,863 sqft. One year prior, the average listing was 1,860 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.