Newport VA Loan Rates, Closing Costs & Stats
Newport, OR
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.
Newport's 33 lenders originated 61 VA loans during 2023. The total origination value was $23,965,000, with an average VA loan value of $392,869.
Newport VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Newport
averaged
0.38%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Newport's average VA mortgage closing costs are $7,210.
The average rate for the prior week (2024-11-22) was
6.95% and
one month ago for the week of 2024-10-25, the
average rate was 6.44%.
The average rate one year ago was 7.08%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.2%.
Newport 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 Newport level.
The top Newport VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
8 VA loans originated. Their average total fees are
$10,471, which is $3,785
higher than the next largest lender,
ENVOY MORTGAGE, LTD.
The lowest fee Newport VA lenders (with over 10 loans originated) are
.
The lowest rate Newport VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Newport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $375,975 (5.7%) | $456,681 (9.6%) | 0.00 | 518 |
2018-02-01 | $388,625 (8.0%) | $462,853 (9.8%) | 0.00 | 504 |
2018-03-01 | $386,250 (7.4%) | $460,699 (9.2%) | 0.00 | 534 |
2018-04-01 | $384,000 (6.8%) | $460,597 (10.8%) | 0.00 | 575 |
2018-05-01 | $384,500 (3.4%) | $468,669 (8.6%) | 0.00 | 604 |
2018-06-01 | $379,000 (3.3%) | $455,888 (5.2%) | 0.00 | 656 |
2018-07-01 | $382,000 (4.7%) | $463,188 (7.2%) | 0.00 | 658 |
2018-08-01 | $389,500 (3.9%) | $473,924 (7.5%) | 0.00 | 631 |
2018-09-01 | $397,900 (5.0%) | $472,326 (5.3%) | 0.00 | 617 |
2018-10-01 | $389,000 (0.0%) | $478,352 (4.9%) | 0.00 | 539 |
2018-11-01 | $396,250 (1.8%) | $484,038 (5.1%) | 0.00 | 502 |
2018-12-01 | $399,000 (3.8%) | $490,034 (6.9%) | 0.00 | 477 |
2019-01-01 | $399,000 (6.1%) | $496,256 (8.7%) | 0.00 | 429 |
2019-02-01 | $399,000 (2.7%) | $494,402 (6.8%) | 0.00 | 462 |
2019-03-01 | $402,429 (4.2%) | $486,238 (5.5%) | 0.00 | 480 |
2019-04-01 | $406,429 (5.8%) | $483,405 (5.0%) | 0.00 | 496 |
2019-05-01 | $399,450 (3.9%) | $462,321 (-1.4%) | 0.00 | 510 |
2019-06-01 | $399,000 (5.3%) | $465,158 (2.0%) | 0.00 | 552 |
2019-07-01 | $399,000 (4.5%) | $467,988 (1.0%) | 0.00 | 574 |
2019-08-01 | $396,273 (1.7%) | $463,810 (-2.1%) | 0.00 | 575 |
2019-09-01 | $392,182 (-1.4%) | $462,999 (-2.0%) | 0.00 | 563 |
2019-10-01 | $392,455 (0.9%) | $467,519 (-2.3%) | 0.00 | 551 |
2019-11-01 | $399,000 (0.7%) | $485,254 (0.3%) | 0.00 | 495 |
2019-12-01 | $399,475 (0.1%) | $491,619 (0.3%) | 0.00 | 431 |
2020-01-01 | $399,500 (0.1%) | $497,139 (0.2%) | 0.00 | 387 |
2020-02-01 | $384,950 (-3.5%) | $487,382 (-1.4%) | 0.00 | 380 |
2020-03-01 | $384,225 (-4.5%) | $474,460 (-2.4%) | 0.00 | 417 |
2020-04-01 | $377,450 (-7.1%) | $466,095 (-3.6%) | 0.00 | 420 |
2020-05-01 | $387,000 (-3.1%) | $476,645 (3.1%) | 0.00 | 410 |
2020-06-01 | $392,000 (-1.8%) | $471,174 (1.3%) | 0.00 | 396 |
2020-07-01 | $406,000 (1.8%) | $493,002 (5.4%) | 0.00 | 365 |
2020-08-01 | $445,000 (12.3%) | $532,207 (14.8%) | 0.00 | 275 |
2020-09-01 | $446,700 (13.9%) | $551,727 (19.2%) | 0.00 | 232 |
2020-10-01 | $445,000 (13.4%) | $563,832 (20.6%) | 0.00 | 223 |
2020-11-01 | $442,475 (10.9%) | $561,956 (15.8%) | 0.00 | 199 |
2020-12-01 | $442,325 (10.7%) | $575,561 (17.1%) | 0.00 | 162 |
2021-01-01 | $499,950 (25.1%) | $587,175 (18.1%) | 0.00 | 115 |
2021-02-01 | $455,075 (18.2%) | $613,879 (26.0%) | 0.00 | 121 |
2021-03-01 | $472,225 (22.9%) | $601,227 (26.7%) | 0.00 | 128 |
2021-04-01 | $532,250 (41.0%) | $651,099 (39.7%) | 0.00 | 150 |
2021-05-01 | $533,000 (37.7%) | $677,225 (42.1%) | 0.00 | 151 |
2021-06-01 | $555,000 (41.6%) | $685,657 (45.5%) | 0.00 | 165 |
2021-07-01 | $530,000 (30.5%) | $664,561 (34.8%) | 0.00 | 178 |
2021-08-01 | $571,250 (28.4%) | $722,649 (35.8%) | 0.00 | 183 |
2021-09-01 | $584,475 (30.8%) | $724,435 (31.3%) | 0.00 | 183 |
2021-10-01 | $580,100 (30.4%) | $737,576 (30.8%) | 0.00 | 171 |
2021-11-01 | $566,975 (28.1%) | $730,956 (30.1%) | 0.00 | 160 |
2021-12-01 | $573,725 (29.7%) | $751,893 (30.6%) | 0.00 | 124 |
2022-01-01 | $569,900 (14.0%) | $731,461 (24.6%) | 0.00 | 124 |
2022-02-01 | $583,725 (28.3%) | $703,729 (14.6%) | 0.00 | 117 |
2022-03-01 | $546,800 (15.8%) | $682,830 (13.6%) | 0.00 | 121 |
2022-04-01 | $599,900 (12.7%) | $696,465 (7.0%) | 0.00 | 139 |
2022-05-01 | $599,000 (12.4%) | $648,464 (-4.3%) | 0.00 | 173 |
2022-06-01 | $542,000 (-2.3%) | $620,554 (-9.5%) | 0.00 | 226 |
2022-07-01 | $550,000 (3.8%) | $645,046 (-2.9%) | 0.00 | 277 |
2022-08-01 | $599,000 (4.9%) | $698,617 (-3.3%) | 0.00 | 297 |
2022-09-01 | $572,719 (-2.0%) | $691,819 (-4.5%) | 0.00 | 291 |
2022-10-01 | $549,500 (-5.3%) | $673,715 (-8.7%) | 0.00 | 273 |
2022-11-01 | $538,500 (-5.0%) | $642,340 (-12.1%) | 0.00 | 258 |
2022-12-01 | $529,000 (-7.8%) | $653,006 (-13.2%) | 0.00 | 238 |
2023-01-01 | $507,500 (-11.0%) | $641,762 (-12.3%) | 0.00 | 218 |
2023-02-01 | $522,500 (-10.5%) | $676,059 (-3.9%) | 0.00 | 218 |
2023-03-01 | $583,750 (6.8%) | $708,357 (3.7%) | 0.00 | 229 |
2023-04-01 | $591,950 (-1.3%) | $708,985 (1.8%) | 0.00 | 243 |
2023-05-01 | $619,000 (3.3%) | $718,762 (10.8%) | 0.00 | 269 |
2023-06-01 | $599,450 (10.6%) | $716,179 (15.4%) | 0.00 | 321 |
2023-07-01 | $599,900 (9.1%) | $707,213 (9.6%) | 0.00 | 378 |
2023-08-01 | $587,000 (-2.0%) | $687,922 (-1.5%) | 0.00 | 375 |
2023-09-01 | $589,000 (2.8%) | $693,437 (0.2%) | 0.00 | 355 |
2023-10-01 | $596,000 (8.5%) | $700,586 (4.0%) | 0.00 | 350 |
2023-11-01 | $598,750 (11.2%) | $706,492 (10.0%) | 0.00 | 324 |
2023-12-01 | $592,450 (12.0%) | $707,924 (8.4%) | 0.00 | 285 |
2024-01-01 | $585,000 (15.3%) | $688,660 (7.3%) | 0.00 | 277 |
2024-02-01 | $585,000 (12.0%) | $666,231 (-1.5%) | 0.00 | 295 |
2024-03-01 | $595,000 (1.9%) | $670,527 (-5.3%) | 0.00 | 308 |
2024-04-01 | $591,250 (-0.1%) | $667,250 (-5.9%) | 0.00 | 358 |
2024-05-01 | $599,000 (-3.2%) | $686,253 (-4.5%) | 0.00 | 382 |
2024-06-01 | $610,000 (1.8%) | $700,322 (-2.2%) | 0.00 | 430 |
2024-07-01 | $620,329 (3.4%) | $711,431 (0.6%) | 0.00 | 472 |
2024-08-01 | $625,000 (6.5%) | $722,514 (5.0%) | 0.00 | 479 |
2024-09-01 | $625,000 (6.1%) | $723,169 (4.3%) | 0.00 | 481 |
2024-10-01 | $605,000 (1.5%) | $722,738 (3.2%) | 0.00 | 470 |
Newport's median listing price comes in at 0% of the national average.
Newport's average listing price for 2024-10-01 was $722,738, a difference of $22,152 (3.2%) versus the prior year and $-431 versus the prior month.
For the 2024-10-01 period, Newport had 470 MLS listings, a difference of -11 listings (-2%) versus the prior month and 120 listings (34%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Newport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,858 sqft |
2018-02-01 | 0 days | 1,870 sqft |
2018-03-01 | 0 days | 1,848 sqft |
2018-04-01 | 0 days | 1,838 sqft |
2018-05-01 | 0 days | 1,858 sqft |
2018-06-01 | 0 days | 1,810 sqft |
2018-07-01 | 0 days | 1,841 sqft |
2018-08-01 | 0 days | 1,856 sqft |
2018-09-01 | 0 days | 1,832 sqft |
2018-10-01 | 0 days | 1,864 sqft |
2018-11-01 | 0 days | 1,855 sqft |
2018-12-01 | 0 days | 1,810 sqft |
2019-01-01 | 0 days | 1,830 sqft |
2019-02-01 | 0 days | 1,796 sqft |
2019-03-01 | 0 days | 1,810 sqft |
2019-04-01 | 0 days | 1,802 sqft |
2019-05-01 | 0 days | 1,764 sqft |
2019-06-01 | 0 days | 1,820 sqft |
2019-07-01 | 0 days | 1,802 sqft |
2019-08-01 | 0 days | 1,761 sqft |
2019-09-01 | 0 days | 1,741 sqft |
2019-10-01 | 0 days | 1,737 sqft |
2019-11-01 | 0 days | 1,751 sqft |
2019-12-01 | 0 days | 1,753 sqft |
2020-01-01 | 0 days | 1,756 sqft |
2020-02-01 | 0 days | 1,704 sqft |
2020-03-01 | 0 days | 1,705 sqft |
2020-04-01 | 0 days | 1,687 sqft |
2020-05-01 | 0 days | 1,684 sqft |
2020-06-01 | 0 days | 1,691 sqft |
2020-07-01 | 0 days | 1,740 sqft |
2020-08-01 | 0 days | 1,782 sqft |
2020-09-01 | 0 days | 1,787 sqft |
2020-10-01 | 0 days | 1,807 sqft |
2020-11-01 | 0 days | 1,805 sqft |
2020-12-01 | 0 days | 1,908 sqft |
2021-01-01 | 0 days | 1,858 sqft |
2021-02-01 | 0 days | 1,733 sqft |
2021-03-01 | 0 days | 1,840 sqft |
2021-04-01 | 0 days | 1,828 sqft |
2021-05-01 | 0 days | 1,792 sqft |
2021-06-01 | 0 days | 1,786 sqft |
2021-07-01 | 0 days | 1,792 sqft |
2021-08-01 | 0 days | 1,868 sqft |
2021-09-01 | 0 days | 1,886 sqft |
2021-10-01 | 0 days | 1,907 sqft |
2021-11-01 | 0 days | 1,876 sqft |
2021-12-01 | 0 days | 1,897 sqft |
2022-01-01 | 0 days | 1,751 sqft |
2022-02-01 | 0 days | 1,744 sqft |
2022-03-01 | 0 days | 1,686 sqft |
2022-04-01 | 0 days | 1,736 sqft |
2022-05-01 | 0 days | 1,665 sqft |
2022-06-01 | 0 days | 1,600 sqft |
2022-07-01 | 0 days | 1,652 sqft |
2022-08-01 | 0 days | 1,676 sqft |
2022-09-01 | 0 days | 1,667 sqft |
2022-10-01 | 0 days | 1,624 sqft |
2022-11-01 | 0 days | 1,589 sqft |
2022-12-01 | 0 days | 1,552 sqft |
2023-01-01 | 0 days | 1,568 sqft |
2023-02-01 | 0 days | 1,615 sqft |
2023-03-01 | 0 days | 1,654 sqft |
2023-04-01 | 0 days | 1,677 sqft |
2023-05-01 | 0 days | 1,714 sqft |
2023-06-01 | 0 days | 1,670 sqft |
2023-07-01 | 0 days | 1,684 sqft |
2023-08-01 | 0 days | 1,666 sqft |
2023-09-01 | 0 days | 1,705 sqft |
2023-10-01 | 0 days | 1,726 sqft |
2023-11-01 | 0 days | 1,721 sqft |
2023-12-01 | 0 days | 1,761 sqft |
2024-01-01 | 0 days | 1,665 sqft |
2024-02-01 | 0 days | 1,676 sqft |
2024-03-01 | 0 days | 1,679 sqft |
2024-04-01 | 0 days | 1,637 sqft |
2024-05-01 | 0 days | 1,698 sqft |
2024-06-01 | 0 days | 1,721 sqft |
2024-07-01 | 0 days | 1,721 sqft |
2024-08-01 | 0 days | 1,800 sqft |
2024-09-01 | 0 days | 1,817 sqft |
2024-10-01 | 0 days | 1,754 sqft |
Newport's median square footage for active listings during the 2024-10-01 period was 1,754 sqft. One year prior, the average listing was 1,726 sqft.