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 38 lenders originated 89 VA loans during 2024. The total origination value was $37,795,000, with an average VA loan value of $424,663.

Newport VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Newport averaged 6.8% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Newport's average VA mortgage closing costs are $7,444.

The average rate for the prior week (2025-03-28) was 6.82% and one month ago for the week of 2025-02-28, the average rate was 6.79%.

The average rate one year ago was 7.1%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.28%.

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

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.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 14 5.82% $14,411
Mortgage Research Center, LLC 11 6.43% $11,002
USAA Federal Savings Bank 4 6.25% $9,597
GUILD MORTGAGE COMPANY 4 6.03% $8,876
PACIFIC RESIDENTIAL MORTGAGE, LLC 4 6.44% $18,884
QUICKEN LOANS, LLC 4 6.24% $12,471
CROSSCOUNTRY MORTGAGE, LLC 4 6.75% $4,832
PENNYMAC LOAN SERVICES, LLC 3 5.88% $7,985
NAVY FEDERAL CREDIT UNION 3 5.54% $6,181
LOANDEPOT.COM, LLC 2 5.06% $11,231
NATIONS DIRECT MORTGAGE, LLC 2 5.81% $11,586
NEWREZ LLC 2 5.94% $13,579
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.37% $5,322
FREEDOM MORTGAGE CORPORATION 2 5.81% $9,743
Magnolia Bank 1 5.63% $12,321
MORTGAGEONE, INC. 1 7.13% $8,252
MOVEMENT MORTGAGE, LLC 1 6.25% $2,428
Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $15,050
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $4,165
MY MOVE MORTGAGE, LLC 1 6.75% $8,983
PANORAMA MORTGAGE GROUP, LLC 1 6.25% $15,281
SUN WEST MORTGAGE COMPANY, INC. 1 5.34% $2,976
Umpqua Bank 1 7.00% $4,510
ALLIED MORTGAGE GROUP, INC. 1 5.75% $5,727
VILLAGE CAPITAL MORTGAGE 1 5.25% $1,696
AMERICAN FINANCIAL NETWORK, INC. 1 6.13% $5,056
AMERICAN FINANCING CORPORATION 1 5.75% $28,112
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $11,660
BROKER SOLUTIONS, INC. 1 7.25% $6,857
Century Mortgage Company DBA Century Lending Company 1 5.99% $4,030
CHURCHILL MORTGAGE CORPORATION 1 6.75% $9,995
CLEARPATH LENDING 1 5.13% $3,814
Cornerstone First Mortgage, Inc 1 6.25% $12,417
ENVOY MORTGAGE, LTD 1 6.63% $5,292
Flagstar Bank, FSB 1 6.25% $3,246
INTELLILOAN, INC. 1 5.75% $4,497
LAND HOME FINANCIAL SERVICES, INC. 1 5.88% $47,495
LPMC, LLC 1 6.25% $3,221

The top Newport VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 14 VA loans originated. Their average total fees are $14,411, which is $3,409 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Newport VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($11,002), UNITED WHOLESALE MORTGAGE, LLC ($14,411), .

The lowest rate Newport VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.82%), Mortgage Research Center, LLC (6.43%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Newport (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 $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%) $460,345 (10.7%) 0.00 576
2018-05-01 $383,750 (3.2%) $468,413 (8.6%) 0.00 605
2018-06-01 $379,000 (3.3%) $455,651 (5.2%) 0.00 657
2018-07-01 $381,250 (4.5%) $462,941 (7.1%) 0.00 659
2018-08-01 $389,225 (3.8%) $473,650 (7.5%) 0.00 632
2018-09-01 $396,450 (4.6%) $472,055 (5.3%) 0.00 618
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 $403,050 (4.4%) $486,396 (5.6%) 0.00 480
2019-04-01 $407,775 (6.2%) $483,747 (5.1%) 0.00 495
2019-05-01 $399,450 (4.1%) $462,626 (-1.2%) 0.00 509
2019-06-01 $399,000 (5.3%) $465,441 (2.2%) 0.00 551
2019-07-01 $399,000 (4.7%) $468,277 (1.2%) 0.00 573
2019-08-01 $396,273 (1.8%) $464,015 (-2.0%) 0.00 574
2019-09-01 $392,182 (-1.1%) $463,089 (-1.9%) 0.00 563
2019-10-01 $392,455 (0.9%) $467,532 (-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%) $490,311 (-1.2%) 0.00 386
2020-02-01 $384,900 (-3.5%) $480,514 (-2.8%) 0.00 379
2020-03-01 $383,225 (-4.9%) $471,180 (-3.1%) 0.00 417
2020-04-01 $377,450 (-7.4%) $466,095 (-3.7%) 0.00 420
2020-05-01 $387,000 (-3.1%) $476,645 (3.0%) 0.00 410
2020-06-01 $392,000 (-1.8%) $471,174 (1.2%) 0.00 396
2020-07-01 $406,000 (1.8%) $493,002 (5.3%) 0.00 365
2020-08-01 $445,000 (12.3%) $532,207 (14.7%) 0.00 275
2020-09-01 $446,700 (13.9%) $551,727 (19.1%) 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 (19.8%) 0.00 115
2021-02-01 $455,075 (18.2%) $613,879 (27.8%) 0.00 121
2021-03-01 $472,225 (23.2%) $601,227 (27.6%) 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%) $685,085 (-4.7%) 0.00 382
2024-06-01 $610,000 (1.8%) $697,305 (-2.6%) 0.00 432
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%) $723,161 (4.3%) 0.00 481
2024-10-01 $605,000 (1.5%) $722,730 (3.2%) 0.00 470
2024-11-01 $600,000 (0.2%) $718,840 (1.8%) 0.00 447
2024-12-01 $599,450 (1.2%) $695,681 (-1.7%) 0.00 386
2025-01-01 $595,000 (1.7%) $682,863 (-0.8%) 0.00 365
2025-02-01 $587,000 (0.3%) $673,200 (1.1%) 0.00 379
2025-03-01 $583,900 (-1.9%) $663,127 (-1.1%) 0.00 429
Newport's median listing price for 2025-03-01 was $583,900, a difference of $-11,100 (-1.9%) versus the prior year and $-3,100 versus the prior month.

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

Newport's average listing price for 2025-03-01 was $663,127, a difference of $-7,400 (-1.1%) versus the prior year and $-10,073 versus the prior month.

For the 2025-03-01 period, Newport had 429 MLS listings, a difference of 50 listings (13%) versus the prior month and 121 listings (39%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Newport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,858 sqft
2018-02-01 0 days 1,870 sqft
2018-03-01 0 days 1,848 sqft
2018-04-01 0 days 1,840 sqft
2018-05-01 0 days 1,860 sqft
2018-06-01 0 days 1,812 sqft
2018-07-01 0 days 1,844 sqft
2018-08-01 0 days 1,860 sqft
2018-09-01 0 days 1,835 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 1,813 sqft
2019-04-01 0 days 1,805 sqft
2019-05-01 0 days 1,764 sqft
2019-06-01 0 days 1,820 sqft
2019-07-01 0 days 1,803 sqft
2019-08-01 0 days 1,762 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 1,754 sqft
2020-02-01 0 days 1,702 sqft
2020-03-01 0 days 1,704 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 1,679 sqft
2022-09-01 0 days 1,667 sqft
2022-10-01 0 days 1,636 sqft
2022-11-01 0 days 1,595 sqft
2022-12-01 0 days 1,553 sqft
2023-01-01 0 days 1,572 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
2024-11-01 0 days 1,708 sqft
2024-12-01 0 days 1,722 sqft
2025-01-01 0 days 1,691 sqft
2025-02-01 0 days 1,668 sqft
2025-03-01 0 days 1,667 sqft
Newport's median listing age (time on market) for 2025-03-01 was 0 days.

Newport's median square footage for active listings during the 2025-03-01 period was 1,667 sqft. One year prior, the average listing was 1,679 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.