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 171 lenders originated 3,133 VA loans during 2022. The total origination value was $1,461,955,000, with an average VA loan value of $466,631.

    Portland VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Portland averaged 6.41% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

    Portland's average VA mortgage closing costs are $7,990.

    The average rate for the prior week (2023-09-15) was 6.69% and one month ago for the week of 2023-08-18, the average rate was 6.47%.

    The average rate one year ago was 5.44%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.52%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 281 4.82% $9,515
    UNITED WHOLESALE MORTGAGE, LLC 221 4.10% $11,132
    NATIONS DIRECT MORTGAGE, LLC 181 3.94% $11,356
    QUICKEN LOANS, LLC 149 3.94% $14,027
    FREEDOM MORTGAGE CORPORATION 141 3.78% $14,414
    PENNYMAC LOAN SERVICES, LLC 119 3.18% $13,426
    NAVY FEDERAL CREDIT UNION 118 4.11% $9,112
    GUILD MORTGAGE COMPANY 93 4.47% $15,276
    CALIBER HOME LOANS, INC. 86 4.44% $11,383
    LOANDEPOT.COM, LLC 80 3.71% $13,617
    USAA Federal Savings Bank 78 4.38% $11,202
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 74 4.80% $12,501
    CMG MORTGAGE, INC. 65 4.24% $12,242
    ACADEMY MORTGAGE CORPORATION 60 4.55% $14,576
    MORTGAGE EXPRESS, LLC 53 4.64% $14,193
    The Federal Savings Bank 51 4.33% $20,559
    CROSSCOUNTRY MORTGAGE, LLC 51 5.00% $13,252
    NEW DAY FINANCIAL, LLC 40 4.05% $14,855
    Paramount Residential Mortgage Group, Inc. 40 4.41% $11,155
    HOMEBRIDGE FINANCIAL SERVICES, INC. 37 4.47% $11,983
    GUARANTEED RATE, INC. 34 4.47% $8,921
    FINANCE OF AMERICA MORTGAGE LLC 33 4.15% $12,436
    CARDINAL FINANCIAL 33 4.47% $18,524
    AMERISAVE MORTGAGE CORPORATION 29 4.13% $19,231
    Mr. Cooper ( Nationstar Mortgage ) 29 4.22% $13,042
    HOME POINT FINANCIAL CORPORATION 28 3.64% $11,817
    Flagstar Bank, FSB 28 4.24% $11,152
    Hometown Lenders, Inc. 27 5.13% $17,916
    DIRECTORS MORTGAGE, INC. 26 4.92% $15,816
    DHI MORTGAGE COMPANY, LTD. 25 3.60% $7,231
    BROKER SOLUTIONS, INC. 24 4.53% $9,895
    EAGLE HOME MORTGAGE, LLC 24 4.60% $7,669
    AMERICAN PACIFIC MORTGAGE CORPORATION 22 4.79% $13,525
    SUMMIT MORTGAGE CORPORATION 22 4.05% $10,519
    Wells Fargo Bank 20 4.04% $5,505
    Umpqua Bank 20 4.39% $14,132
    Willamette Valley Bank 18 4.95% $14,026
    PACIFIC RESIDENTIAL MORTGAGE, LLC 18 4.81% $12,924
    NEWREZ LLC 17 4.32% $13,234
    AMERICAN FINANCING CORPORATION 15 3.49% $11,350
    Gateway First Bank 15 4.68% $15,103
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 15 4.72% $15,132
    Sierra Pacific Mortgage Company, Inc. 15 4.03% $10,467
    HomeStreet Bank 14 4.03% $16,567
    North American Savings Bank, F.S.B. 13 3.75% $10,978
    U.S. Bank 13 4.89% $9,907
    OnPoint Community Credit Union 12 4.25% $11,036
    LAKEVIEW LOAN SERVICING, LLC 11 3.44% $6,944
    CHURCHILL MORTGAGE CORPORATION 11 5.06% $13,096
    NBKC BANK 11 3.34% $8,464
    MOVEMENT MORTGAGE, LLC 10 4.56% $5,310
    PANORAMA MORTGAGE GROUP, LLC 10 4.57% $17,026
    JPMorgan Chase Bank 9 4.39% $10,294
    VILLAGE CAPITAL MORTGAGE 9 3.82% $13,735
    CLEARPATH LENDING 9 2.93% $17,556
    MUTUAL OF OMAHA MORTGAGE, INC. 8 4.30% $14,939
    GENEVA FINANCIAL, LLC 7 3.59% $10,603
    FIRST CENTENNIAL MORTGAGE CORPORATION 7 4.50% $5,522
    S1L, Inc. 7 5.36% $11,332
    PLANET HOME LENDING, LLC 7 4.18% $11,588
    MANN FINANCIAL INC. 7 5.05% $12,785
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 4.25% $17,900
    Barrington Bank & Trust Company, N.A. 7 3.99% $13,971
    LEADERONE FINANCIAL CORPORATION 6 5.17% $13,781
    NETWORK CAPITAL FUNDING CORPORATION 6 3.15% $13,710
    PENTAGON FEDERAL CREDIT UNION 6 3.33% $8,486
    PREMIER MORTGAGE RESOURCES, L.L.C. 6 4.75% $18,462
    Carrington Mortgage Services, LLC 6 5.17% $15,433
    SOVEREIGN LENDING GROUP INCORPORATED 6 4.08% $15,328
    BAY EQUITY LLC 6 5.14% $9,804
    Bank of England 6 4.13% $11,690
    AXIA FINANCIAL, LLC 6 4.38% $14,404
    HOME MORTGAGE ALLIANCE, LLC 6 4.23% $9,158
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 4.25% $16,025
    Armed Forces Bank 5 4.20% $13,282
    Citizens Bank 5 4.58% $10,840
    Commerce Home Mortgage, Inc. 5 4.10% $13,453
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 5 5.12% $16,909
    First Mortgage Solutions, LLC 5 3.47% $13,116
    HOMEAMERICAN MORTGAGE CORPORATION 5 2.83% $10,157
    LOANPAL, LLC 5 2.58% $10,423
    SUMMIT FUNDING, INC. 5 5.30% $24,038
    Wyndham Capital Mortgage, Inc. 5 4.03% $6,911
    LPMC, LLC 4 4.28% $6,829
    CANOPY MORTGAGE, LLC 4 4.75% $16,378
    SECURITYNATIONAL MORTGAGE COMPANY 4 4.56% $9,445
    Strong Home Mortgage, LLC 4 2.81% $13,371
    The Central Trust Bank 4 4.41% $9,507
    Equity Prime Mortgage LLC 4 5.75% $15,472
    Magnolia Bank 4 3.69% $12,504
    AMERICAN FINANCIAL RESOURCES, INC. 4 4.38% $11,566
    Cornerstone First Mortgage, Inc 4 4.91% $20,015
    MASON MCDUFFIE MORTGAGE CORPORATION 4 5.59% $14,804
    PLAZA HOME MORTGAGE, INC. 4 5.59% $16,531
    PREMIA MORTGAGE, LLC 4 3.03% $2,128
    CHERRY CREEK MORTGAGE, LLC 4 3.72% $4,513
    Mid-Continent Funding, Inc. 4 4.84% $16,511
    PRIORITY HOME LENDING, LLC 4 4.50% $10,945
    Low VA Rates, LLC 3 3.58% $16,838
    First Guaranty Mortgage Corporation 3 2.79% $11,274
    Pacific Lending LLC 3 6.17% $20,927
    EVERETT FINANCIAL, INC. 3 3.29% $5,643
    CONTOUR MORTGAGE CORPORATION 3 5.21% $19,492
    BNC National Bank 3 3.17% $12,362
    VERITAS FUNDING, LLC 3 5.33% $27,082
    South Pacific Financial Corporation 3 4.29% $14,979
    SUN WEST MORTGAGE COMPANY, INC. 3 2.92% $9,317
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 4.42% $31,198
    NFM, INC. 3 5.04% $10,951
    Nations Lending Corporation 3 5.42% $7,363
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 4.31% $7,211
    Franklin Loan Corporation 2 5.31% $22,315
    First Federal Bank 2 3.31% $17,185
    CORNERSTONE HOME LENDING, INC. 2 5.75% $10,989
    1st Security Bank of Washington 2 5.13% $11,103
    SIRVA MORTGAGE, INC. 2 5.06% $3,633
    FirstBank 2 3.50% $15,911
    Prosperity Home Mortgage, LLC 2 5.19% $3,148
    LADERA LENDING, INC. 2 3.06% $9,616
    Summit Mortgage Corporation 2 4.69% $14,960
    Academy Bank 2 4.75% $7,391
    Banner Bank 2 3.31% $28,915
    INTERCAP LENDING INC. 2 4.19% $5,501
    PENRITH HOME LOANS LLC 2 5.63% $10,499
    NP, Inc. 2 2.75% $6,769
    MORTGAGEONE, INC. 2 6.25% $9,092
    MUFG Union Bank 2 2.94% $20,800
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.69% $3,857
    UNITED MORTGAGE CORP 2 4.50% $11,783
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.19% $3,464
    KeyBank 2 3.06% $15,702
    Century Mortgage Company DBA Century Lending Company 2 6.25% $29,894
    Alaska USA Mortgage Company LLC 1 5.00% $3,302
    MLD MORTGAGE INC. 1 6.50% $975
    MORTGAGE ACCESS CORP. 1 6.63% $2,614
    iCore Lending, Inc. 1 5.63% $9,731
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.50% $4,223
    M&T Bank 1 5.00% $6,494
    GUARANTY HOME MORTGAGE CORPORATION 1 4.75% $2,894
    FLAT BRANCH MORTGAGE, INC. 1 4.00% $16,776
    FIDELITY BANK 1 4.75% $15,083
    NexBank 1 5.75% $3,224
    OCMBC, INC. 1 2.75% $20,211
    ON Q FINANCIAL, INC. 1 5.25% $6,175
    ONY GLO, INC. 1 4.75% $8,466
    ENVOY MORTGAGE, LTD 1 3.25% $5,080
    DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $21,305
    Core Bank 1 2.88% $4,601
    PREMIER LENDING, INC. 1 5.63% $11,099
    Prime Choice Funding Inc. 1 2.38% $14,047
    Capital Bank 1 2.50% $3,398
    RESIDENTIAL BANCORP 1 4.25% $6,022
    RESIDENTIAL MORTGAGE, LLC 1 5.50% $15,333
    ROGUE 1 5.38% $20,139
    ROYAL UNITED MORTGAGE LLC 1 2.63% $31,150
    BECKAM FUNDING CORP. 1 4.38% $18,104
    STEARNS LENDING, LLC 1 2.88% $3,918
    Sunflower Bank 1 5.88% $5,163
    Bank of America 1 2.38% $5,070
    THE MORTGAGE COMPANY 1 4.25% $6,622
    THRIVE MORTGAGE, LLC 1 5.50% $7,680
    TJC Mortgage, Inc. 1 2.99% $3,856
    TRISTAR FINANCE, INC. 1 4.99% $10,947
    TruHome Solutions, LLC 1 5.88% $7,211
    UNION HOME MORTGAGE CORP. 1 4.75% $14,117
    Amerifirst Financial, Inc. 1 4.63% $15,043
    AMERICAN INTERNET MORTGAGE, INC. 1 4.38% $16,429
    Watermark Capital, Inc. 1 2.38% $10,258
    Waterstone Mortgage Corporation 1 5.00% $15,786
    Lakeview Community Capital, LLC 1 4.50% $2,114
    Loan Simple, Inc. 1 4.63% $9,388

    The top Portland VA lender as defined by loan originations is Mortgage Research Center, LLC, with 281 VA loans originated. Their average total fees are $9,515, which is $1,617 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Portland VA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($5,310), Wells Fargo Bank ($5,505), LAKEVIEW LOAN SERVICING, LLC ($6,944), DHI MORTGAGE COMPANY, LTD. ($7,231) and EAGLE HOME MORTGAGE, LLC ($7,669).

    The lowest rate Portland VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.18%), NBKC BANK (3.34%), LAKEVIEW LOAN SERVICING, LLC (3.44%), AMERICAN FINANCING CORPORATION (3.49%) and DHI MORTGAGE COMPANY, LTD. (3.60%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Portland (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 $475,000 (3.9%) $623,408 (3.6%) 1.76 4,657
    2018-02-01 $482,450 (2.1%) $637,431 (4.0%) 1.75 4,461
    2018-03-01 $495,000 (3.1%) $638,358 (2.1%) 1.74 4,776
    2018-04-01 $499,000 (2.9%) $637,321 (1.7%) 1.69 5,397
    2018-05-01 $499,450 (2.0%) $638,588 (1.6%) 1.67 6,285
    2018-06-01 $495,000 (1.8%) $628,701 (1.6%) 1.65 7,150
    2018-07-01 $482,500 (0.5%) $615,394 (1.4%) 1.61 8,120
    2018-08-01 $478,100 (0.7%) $603,310 (0.9%) 1.60 8,643
    2018-09-01 $469,960 (0.2%) $592,746 (0.3%) 1.58 8,970
    2018-10-01 $469,575 (0.4%) $589,575 (-0.2%) 1.59 8,711
    2018-11-01 $469,850 (0.0%) $592,567 (-0.9%) 1.59 8,086
    2018-12-01 $469,900 (-1.1%) $600,478 (-2.0%) 1.62 6,959
    2019-01-01 $472,428 (-0.5%) $602,935 (-3.3%) 1.63 6,177
    2019-02-01 $477,000 (-1.1%) $611,563 (-4.1%) 1.61 6,030
    2019-03-01 $480,286 (-3.0%) $610,892 (-4.3%) 1.57 6,288
    2019-04-01 $475,661 (-4.7%) $603,740 (-5.3%) 1.51 6,844
    2019-05-01 $478,050 (-4.3%) $604,257 (-5.4%) 1.49 7,404
    2019-06-01 $479,000 (-3.2%) $600,952 (-4.4%) 1.50 8,318
    2019-07-01 $474,950 (-1.6%) $598,460 (-2.8%) 1.49 8,610
    2019-08-01 $473,291 (-1.0%) $598,142 (-0.9%) 1.50 8,507
    2019-09-01 $470,877 (0.2%) $596,670 (0.7%) 1.51 8,265
    2019-10-01 $464,500 (-1.1%) $590,408 (0.1%) 1.50 7,962
    2019-11-01 $462,900 (-1.5%) $592,741 (0.0%) 1.52 6,951
    2019-12-01 $465,950 (-0.8%) $597,078 (-0.6%) 1.55 5,662
    2020-01-01 $471,000 (-0.3%) $609,065 (1.0%) 1.57 4,876
    2020-02-01 $479,000 (0.4%) $615,565 (0.7%) 1.57 4,437
    2020-03-01 $479,450 (-0.2%) $620,112 (1.5%) 1.50 4,825
    2020-04-01 $475,025 (-0.1%) $607,185 (0.6%) 1.49 5,684
    2020-05-01 $487,998 (2.1%) $616,851 (2.1%) 1.48 5,753
    2020-06-01 $499,000 (4.2%) $630,871 (5.0%) 1.47 5,377
    2020-07-01 $499,900 (5.3%) $642,403 (7.3%) 1.45 5,135
    2020-08-01 $499,950 (5.6%) $650,641 (8.8%) 1.43 5,060
    2020-09-01 $499,975 (6.2%) $654,603 (9.7%) 1.43 4,749
    2020-10-01 $510,000 (9.8%) $660,928 (11.9%) 1.46 4,500
    2020-11-01 $512,500 (10.7%) $669,609 (13.0%) 1.50 3,849
    2020-12-01 $507,500 (8.9%) $673,880 (12.9%) 1.51 2,960
    2021-01-01 $499,900 (6.1%) $682,271 (12.0%) 1.49 2,487
    2021-02-01 $502,710 (5.0%) $690,944 (12.3%) 1.46 2,244
    2021-03-01 $511,875 (6.8%) $684,291 (10.4%) 1.45 2,404
    2021-04-01 $525,000 (10.5%) $693,141 (14.2%) 1.42 2,637
    2021-05-01 $549,900 (12.7%) $717,340 (16.3%) 1.46 2,851
    2021-06-01 $554,950 (11.2%) $726,980 (15.2%) 1.46 3,337
    2021-07-01 $555,000 (11.0%) $731,619 (13.9%) 1.46 3,759
    2021-08-01 $550,000 (10.0%) $723,024 (11.1%) 1.47 3,854
    2021-09-01 $550,000 (10.0%) $724,181 (10.6%) 1.47 3,997
    2021-10-01 $549,999 (7.8%) $720,916 (9.1%) 1.47 3,910
    2021-11-01 $550,000 (7.3%) $724,619 (8.2%) 1.47 3,128
    2021-12-01 $549,250 (8.2%) $727,860 (8.0%) 1.49 2,379
    2022-01-01 $550,000 (10.0%) $738,999 (8.3%) 1.49 1,837
    2022-02-01 $561,700 (11.7%) $736,543 (6.6%) 1.46 1,926
    2022-03-01 $573,000 (11.9%) $737,144 (7.7%) 1.43 2,145
    2022-04-01 $585,000 (11.4%) $754,319 (8.8%) 1.39 2,347
    2022-05-01 $597,450 (8.7%) $759,440 (5.9%) 1.37 3,418
    2022-06-01 $599,985 (8.1%) $762,165 (4.8%) 1.34 4,393
    2022-07-01 $599,000 (7.9%) $753,728 (3.0%) 1.35 5,654
    2022-08-01 $590,124 (7.3%) $745,802 (3.2%) 1.36 5,815
    2022-09-01 $589,900 (7.3%) $761,710 (5.2%) 1.38 5,842
    2022-10-01 $579,900 (5.4%) $760,589 (5.5%) 1.36 5,856
    2022-11-01 $582,475 (5.9%) $769,174 (6.2%) 1.40 5,514
    2022-12-01 $589,900 (7.4%) $779,595 (7.1%) 1.46 4,559
    2023-01-01 $597,389 (8.6%) $793,128 (7.3%) 1.48 3,813
    2023-02-01 $607,000 (8.1%) $812,269 (10.3%) 1.47 3,395
    2023-03-01 $614,450 (7.2%) $825,162 (11.9%) 1.45 3,388
    2023-04-01 $625,000 (6.8%) $833,605 (10.5%) 1.45 3,546
    2023-05-01 $639,088 (7.0%) $829,250 (9.2%) 1.45 4,153
    2023-06-01 $639,975 (6.7%) $824,296 (8.2%) 1.44 4,749
    2023-07-01 $639,900 (6.8%) $826,244 (9.6%) 1.45 5,317
    2023-08-01 $637,725 (8.1%) $826,434 (10.8%) 1.46 5,503
    Portland's median listing price for 2023-08-01 was $637,725, a difference of $47,601 (8.1%) versus the prior year and $-2,175 versus the prior month.

    Portland's median listing price comes in at 146% of the national average.

    Portland's average listing price for 2023-08-01 was $826,434, a difference of $80,632 (10.8%) versus the prior year and $190 versus the prior month.

    For the 2023-08-01 period, Portland had 5,503 MLS listings, a difference of 186 listings (3%) versus the prior month and -312 listings (-5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Portland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 62 days 2,265 sqft
    2018-02-01 42 days 2,273 sqft
    2018-03-01 35 days 2,268 sqft
    2018-04-01 30 days 2,275 sqft
    2018-05-01 30 days 2,275 sqft
    2018-06-01 32 days 2,248 sqft
    2018-07-01 37 days 2,216 sqft
    2018-08-01 38 days 2,187 sqft
    2018-09-01 44 days 2,156 sqft
    2018-10-01 49 days 2,142 sqft
    2018-11-01 56 days 2,149 sqft
    2018-12-01 67 days 2,142 sqft
    2019-01-01 69 days 2,136 sqft
    2019-02-01 47 days 2,156 sqft
    2019-03-01 39 days 2,146 sqft
    2019-04-01 35 days 2,132 sqft
    2019-05-01 32 days 2,140 sqft
    2019-06-01 36 days 2,159 sqft
    2019-07-01 39 days 2,149 sqft
    2019-08-01 43 days 2,136 sqft
    2019-09-01 47 days 2,130 sqft
    2019-10-01 50 days 2,112 sqft
    2019-11-01 61 days 2,099 sqft
    2019-12-01 74 days 2,096 sqft
    2020-01-01 74 days 2,111 sqft
    2020-02-01 55 days 2,104 sqft
    2020-03-01 41 days 2,095 sqft
    2020-04-01 43 days 2,095 sqft
    2020-05-01 53 days 2,106 sqft
    2020-06-01 50 days 2,120 sqft
    2020-07-01 43 days 2,107 sqft
    2020-08-01 42 days 2,100 sqft
    2020-09-01 49 days 2,080 sqft
    2020-10-01 57 days 2,056 sqft
    2020-11-01 62 days 2,048 sqft
    2020-12-01 64 days 2,000 sqft
    2021-01-01 51 days 1,942 sqft
    2021-02-01 37 days 1,881 sqft
    2021-03-01 32 days 1,904 sqft
    2021-04-01 30 days 1,912 sqft
    2021-05-01 30 days 1,948 sqft
    2021-06-01 27 days 1,975 sqft
    2021-07-01 33 days 1,977 sqft
    2021-08-01 37 days 1,964 sqft
    2021-09-01 41 days 1,961 sqft
    2021-10-01 42 days 1,931 sqft
    2021-11-01 51 days 1,908 sqft
    2021-12-01 49 days 1,861 sqft
    2022-01-01 59 days 1,851 sqft
    2022-02-01 28 days 1,829 sqft
    2022-03-01 28 days 1,834 sqft
    2022-04-01 26 days 1,850 sqft
    2022-05-01 23 days 1,929 sqft
    2022-06-01 24 days 1,981 sqft
    2022-07-01 30 days 2,000 sqft
    2022-08-01 37 days 2,001 sqft
    2022-09-01 44 days 1,994 sqft
    2022-10-01 44 days 1,989 sqft
    2022-11-01 51 days 1,994 sqft
    2022-12-01 65 days 2,001 sqft
    2023-01-01 72 days 2,020 sqft
    2023-02-01 53 days 2,039 sqft
    2023-03-01 44 days 2,042 sqft
    2023-04-01 37 days 2,064 sqft
    2023-05-01 35 days 2,088 sqft
    2023-06-01 34 days 2,093 sqft
    2023-07-01 38 days 2,111 sqft
    2023-08-01 41 days 2,112 sqft
    Portland's median listing age (time on market) for 2023-08-01 was 41 days. This is 12% longer than the same period one year ago.

    Portland's median square footage for active listings during the 2023-08-01 period was 2,112 sqft. One year prior, the average listing was 2,001 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.