Portland VA Loan Rates, Closing Costs & Stats

PORTLAND-VANCOUVER-HILLSBORO, OR-WA

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    • 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.

    Portland's 144 lenders originated 2,256 VA loans during 2024. The total origination value was $1,143,210,000, with an average VA loan value of $506,742.

    Portland VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Portland averaged 0.33% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Portland's average VA mortgage closing costs are $8,313.

    The average rate for the prior week (2025-06-13) was 6.77% and one month ago for the week of 2025-05-16, the average rate was 6.83%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.03%.

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

    Portland 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 Portland level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 324 5.76% $8,414
    Mortgage Research Center, LLC 233 6.19% $7,495
    NATIONS DIRECT MORTGAGE, LLC 121 6.20% $11,636
    QUICKEN LOANS, LLC 101 5.92% $13,605
    FREEDOM MORTGAGE CORPORATION 98 6.10% $11,940
    GUILD MORTGAGE COMPANY 85 5.99% $12,636
    CMG MORTGAGE, INC. 73 5.96% $15,254
    NEWREZ LLC 61 5.99% $9,348
    NAVY FEDERAL CREDIT UNION 58 5.81% $8,778
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 45 6.32% $6,984
    USAA Federal Savings Bank 44 6.18% $10,679
    PENNYMAC LOAN SERVICES, LLC 43 5.66% $10,522
    CROSSCOUNTRY MORTGAGE, LLC 38 6.24% $12,135
    GUARANTEED RATE, INC. 34 6.04% $6,211
    DHI MORTGAGE COMPANY, LTD. 32 5.13% $9,794
    MORTGAGE EXPRESS, LLC 31 6.34% $11,943
    VILLAGE CAPITAL MORTGAGE 29 5.79% $9,207
    LOANDEPOT.COM, LLC 28 5.46% $15,510
    SUMMIT MORTGAGE CORPORATION 21 6.02% $16,829
    EAGLE HOME MORTGAGE, LLC 20 5.71% $5,984
    AMERICAN PACIFIC MORTGAGE CORPORATION 20 6.51% $10,212
    The Federal Savings Bank 18 5.77% $21,840
    LAKEVIEW LOAN SERVICING, LLC 17 5.65% $9,598
    Flagstar Bank, FSB 16 6.13% $7,349
    BAY EQUITY LLC 16 6.27% $9,430
    PACIFIC RESIDENTIAL MORTGAGE, LLC 16 6.45% $13,259
    ZILLOW HOME LOANS, LLC 15 5.98% $10,702
    NBKC BANK 15 5.82% $5,503
    HOMEAMERICAN MORTGAGE CORPORATION 14 4.82% $3,971
    UNION HOME MORTGAGE CORP. 14 6.20% $14,758
    BROKER SOLUTIONS, INC. 14 6.37% $8,246
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 14 6.61% $10,428
    PLANET HOME LENDING, LLC 14 5.30% $6,985
    OnPoint Community Credit Union 14 6.38% $6,040
    MOVEMENT MORTGAGE, LLC 14 6.27% $17,195
    HomeStreet Bank 12 6.05% $11,538
    Paramount Residential Mortgage Group, Inc. 12 6.30% $10,508
    NEW DAY FINANCIAL, LLC 12 7.32% $12,385
    American Mortgage & Equity Consultants, Inc. 11 6.49% $17,964
    DIRECTORS MORTGAGE, INC. 10 6.53% $9,873
    S1L, Inc. 10 6.15% $17,487
    Century Mortgage Company DBA Century Lending Company 10 5.95% $8,964
    First Federal Bank 9 5.68% $12,561
    Magnolia Bank 9 5.68% $26,197
    CLM MORTGAGE, INC 9 5.23% $2,957
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.03% $8,656
    The Loan Store, Inc. 9 6.24% $10,867
    Sunflower Bank 8 5.98% $12,093
    Carrington Mortgage Services, LLC 8 5.91% $15,666
    Mr. Cooper ( Nationstar Mortgage ) 8 6.45% $15,221
    MUTUAL OF OMAHA MORTGAGE, INC. 8 5.77% $18,135
    U.S. Bank 8 5.59% $15,983
    SUN WEST MORTGAGE COMPANY, INC. 7 5.88% $19,177
    PENTAGON FEDERAL CREDIT UNION 7 5.59% $8,002
    CARDINAL FINANCIAL 6 6.92% $14,433
    PLAZA HOME MORTGAGE, INC. 6 6.27% $7,973
    PANORAMA MORTGAGE GROUP, LLC 5 6.35% $13,754
    Commerce Home Mortgage, Inc. 5 6.08% $15,339
    Equity Prime Mortgage LLC 5 6.50% $17,194
    MASON MCDUFFIE MORTGAGE CORPORATION 5 6.33% $15,272
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.40% $12,859
    CORNERSTONE HOME LENDING, INC. 5 6.13% $6,385
    Bank of England 5 6.80% $11,225
    KeyBank 5 5.75% $6,053
    AMERISAVE MORTGAGE CORPORATION 5 5.83% $21,823
    South Pacific Financial Corporation 5 5.58% $7,476
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.73% $18,131
    1st Security Bank of Washington 4 5.94% $14,429
    AMERICAN FINANCING CORPORATION 4 5.88% $16,889
    ENVOY MORTGAGE, LTD 4 5.84% $17,023
    JPMorgan Chase Bank 4 5.65% $5,334
    PHH Mortgage Corporation 4 6.06% $4,650
    Plains Commerce Bank 4 6.53% $12,420
    PREMIER MORTGAGE RESOURCES, L.L.C. 4 5.75% $12,638
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.44% $9,311
    Prosperity Home Mortgage, LLC 4 6.31% $14,315
    SCENIC OAKS FUNDING, INC. 3 6.00% $10,010
    NFM, INC. 3 5.75% $8,121
    Nations Lending Corporation 3 6.54% $17,429
    The Central Trust Bank 3 5.83% $12,509
    MLD MORTGAGE INC. 3 5.91% $8,567
    Credence Funding Corporation 3 5.79% $17,610
    LPMC, LLC 3 6.46% $8,844
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.92% $15,221
    AMERICAN FINANCIAL NETWORK, INC. 3 5.58% $14,458
    Lakeview Community Capital, LLC 3 6.08% $2,891
    CHURCHILL MORTGAGE CORPORATION 3 6.42% $19,634
    LOANPAL, LLC 3 5.42% $27,215
    TBI MORTGAGE COMPANY 3 5.83% $6,826
    SAMMAMISH MORTGAGE COMPANY 3 5.75% $11,398
    Banner Bank 3 5.92% $16,586
    Ameris Bank 3 6.21% $7,759
    AmeriHome Mortgage Company, LLC 3 6.04% $7,897
    DAS Acquisition Company, LLC 2 6.69% $9,033
    Wells Fargo Bank 2 6.69% $5,381
    Willamette Valley Bank 2 5.50% $6,892
    PULTE MORTGAGE LLC 2 4.69% $3,158
    V.I.P. MORTGAGE, INC. 2 5.81% $4,476
    PREMIA MORTGAGE, LLC 2 6.13% $10,417
    Sierra Pacific Mortgage Company, Inc. 2 6.25% $8,378
    HOMESIDE FINANCIAL, LLC 2 6.37% $20,736
    CLEARPATH LENDING 1 5.50% $5,888
    SUMMIT FUNDING, INC. 1 6.63% $16,303
    Summit Mortgage Corporation 1 4.99% $14,992
    CALCON MUTUAL MORTGAGE LLC 1 6.13% $12,512
    Boeing Employees Credit Union 1 6.50% $151
    Texana Bank 1 7.63% $50,361
    BETTER MORTGAGE CORPORATION 1 6.00% $8,362
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.50% $10,649
    TOP FLITE FINANCIAL, INC. 1 7.13% $28,181
    TOWNE MORTGAGE COMPANY 1 6.50% $14,656
    Umpqua Bank 1 6.25% $3,214
    Barrington Bank & Trust Company, N.A. 1 6.25% $6,551
    US MORTGAGE CORPORATION 1 6.13% $8,029
    VERITAS FUNDING, LLC 1 6.63% $17,052
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $27,788
    MLB RESIDENTIAL LENDING, LLC 1 5.88% $36,942
    ML Mortgage Corp. 1 5.75% $12,973
    Mid-Continent Funding, Inc. 1 6.12% $2,954
    MID AMERICA MORTGAGE, INC. 1 5.63% $2,853
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.50% $3,860
    LADERA LENDING, INC. 1 6.75% $13,110
    Keystone Funding, Inc. 1 5.38% $18,164
    NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $14,818
    JMAC LENDING, INC. 1 5.88% $15,301
    Ixonia Bank 1 6.50% $6,029
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.99% $26,025
    OCMBC, INC. 1 6.63% $0
    Old National Bank 1 5.25% $23,980
    ISERVE RESIDENTIAL LENDING, LLC 1 6.25% $9,465
    HOMESTEAD FUNDING CORP. 1 5.00% $13,302
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.25% $11,844
    Golden Empire Mortgage, Inc. 1 7.25% $321
    GENEVA FINANCIAL, LLC 1 6.75% $16,268
    Washington Trust Bank 1 6.50% $12,488
    FIRST COLONY MORTGAGE CORPORATION 1 6.13% $3,163
    First Bank 1 5.75% $6,743
    PNC Bank 1 6.25% $19,149
    Presidential Bank, FSB 1 6.25% $3,473
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.00% $7,594
    DELMAR FINANCIAL COMPANY 1 5.75% $4,658
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.25% $8,676
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.25% $22,948
    SIRVA MORTGAGE, INC. 1 6.13% $926

    The top Portland VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 324 VA loans originated. Their average total fees are $8,414, which is $919 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Portland VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($3,971), NBKC BANK ($5,503), EAGLE HOME MORTGAGE, LLC ($5,984), OnPoint Community Credit Union ($6,040) and GUARANTEED RATE, INC. ($6,211).

    The lowest rate Portland VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (4.82%), DHI MORTGAGE COMPANY, LTD. (5.13%), PLANET HOME LENDING, LLC (5.30%), LOANDEPOT.COM, LLC (5.46%) and LAKEVIEW LOAN SERVICING, LLC (5.65%).

    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.