Newport VA Loan Rates, Closing Costs & Stats

Newport, OR

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 0.74% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 6.98% and one month ago for the week of 2025-05-16, the average rate was 7.04%.

    The average rate one year ago was 6.84%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.02%.

    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%), .

    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.