Portland VA Loan Rates, Closing Costs & Stats

PORTLAND-VANCOUVER-HILLSBORO, OR-WA

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 213 lenders originated 9,784 VA loans during 2021. The total origination value was $3,784,440,000, with an average VA loan value of $386,799.

Portland VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Portland averaged 0.28% for the week of 2023-01-20, compared to the national average (all VA variants) of 0% for the same period.

Portland's average VA mortgage closing costs are $7,563.

The average rate for the prior week (2023-01-13) was 6.27% and one month ago for the week of 2022-12-16, the average rate was 6.14%.

The average rate one year ago was 3.84%.

For refis of the same type during the week of 2023-01-20, the average rate was -0.07%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
FREEDOM MORTGAGE CORPORATION 649 2.42% $3,504
PENNYMAC LOAN SERVICES, LLC 613 2.32% $7,123
QUICKEN LOANS, LLC 597 2.41% $6,237
Mortgage Research Center, LLC 526 2.75% $7,981
NATIONS DIRECT MORTGAGE, LLC 495 2.45% $7,567
CALIBER HOME LOANS, INC. 395 2.48% $7,222
UNITED WHOLESALE MORTGAGE, LLC 372 2.49% $7,194
GUILD MORTGAGE COMPANY 324 2.65% $8,877
LOANDEPOT.COM, LLC 250 2.46% $6,196
USAA Federal Savings Bank 196 2.86% $5,018
LAKEVIEW LOAN SERVICING, LLC 193 2.40% $3,335
NAVY FEDERAL CREDIT UNION 188 2.45% $6,860
HOME POINT FINANCIAL CORPORATION 183 2.39% $6,610
The Federal Savings Bank 160 2.45% $9,719
ACADEMY MORTGAGE CORPORATION 139 2.74% $10,508
NEW DAY FINANCIAL, LLC 128 2.75% $10,923
Umpqua Bank 125 2.68% $9,229
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 125 2.90% $9,423
FINANCE OF AMERICA MORTGAGE LLC 120 2.78% $8,781
HOMEBRIDGE FINANCIAL SERVICES, INC. 110 2.53% $7,655
Wells Fargo Bank 104 2.47% $5,088
Mr. Cooper ( Nationstar Mortgage ) 100 2.58% $5,112
PREMIER MORTGAGE RESOURCES, L.L.C. 99 2.43% $6,251
NEWREZ LLC 87 2.43% $4,173
DIRECTORS MORTGAGE, INC. 82 2.84% $9,167
CMG MORTGAGE, INC. 74 2.59% $10,503
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 69 2.82% $11,288
AMERICAN PACIFIC MORTGAGE CORPORATION 60 2.83% $9,849
VILLAGE CAPITAL MORTGAGE 59 2.36% $4,100
CROSSCOUNTRY MORTGAGE, LLC 58 2.80% $12,188
BROKER SOLUTIONS, INC. 54 2.51% $7,618
SUMMIT MORTGAGE CORPORATION 53 2.72% $7,149
GUARANTEED RATE, INC. 49 2.52% $7,786
PACIFIC RESIDENTIAL MORTGAGE, LLC 48 2.90% $10,494
HomeStreet Bank 45 2.58% $9,271
InterContinental Capital Group, Inc 41 2.33% $4,929
SOVEREIGN LENDING GROUP INCORPORATED 40 2.45% $4,901
AMERICAN FINANCIAL NETWORK, INC. 40 2.49% $10,715
Low VA Rates, LLC 40 2.46% $6,354
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 39 3.32% $10,583
PLANET HOME LENDING, LLC 38 2.45% $3,326
Flagstar Bank, FSB 38 2.53% $9,061
PENTAGON FEDERAL CREDIT UNION 36 2.34% $3,911
Sierra Pacific Mortgage Company, Inc. 36 2.82% $9,372
AMERISAVE MORTGAGE CORPORATION 36 2.56% $10,218
First Guaranty Mortgage Corporation 35 2.48% $5,341
SUN WEST MORTGAGE COMPANY, INC. 34 2.36% $5,016
Carrington Mortgage Services, LLC 34 2.83% $4,900
AMERICAN FINANCING CORPORATION 34 2.45% $6,624
NP, Inc. 34 2.32% $5,553
MOVEMENT MORTGAGE, LLC 32 2.87% $6,667
DHI MORTGAGE COMPANY, LTD. 30 2.58% $7,790
PLAZA HOME MORTGAGE, INC. 30 2.47% $6,959
U.S. Bank 29 2.75% $9,778
Willamette Valley Bank 29 2.79% $13,275
NBKC BANK 27 2.47% $7,072
Bank of England 27 2.80% $8,007
Barrington Bank & Trust Company, N.A. 27 2.61% $6,955
CHURCHILL MORTGAGE CORPORATION 27 2.71% $10,752
Hometown Lenders, Inc. 26 2.98% $8,780
Magnolia Bank 26 2.63% $8,881
North American Savings Bank, F.S.B. 26 2.38% $4,792
MUTUAL OF OMAHA MORTGAGE, INC. 25 2.56% $8,364
ACCELERATE MORTGAGE, LLC 25 2.26% $6,837
PRIMARY RESIDENTIAL MORTGAGE, INC. 25 2.99% $8,789
CANOPY MORTGAGE, LLC 24 2.50% $10,056
EAGLE HOME MORTGAGE, LLC 23 2.78% $7,054
Gateway First Bank 21 2.83% $7,889
AXIA FINANCIAL, LLC 20 2.93% $10,362
CLEARPATH LENDING 20 2.13% $5,115
HOMEAMERICAN MORTGAGE CORPORATION 20 2.53% $5,113
LENDUS, LLC 19 2.53% $6,422
PRIMELENDING, A PLAINSCAPITAL COMPANY 19 2.78% $9,013
Commerce Home Mortgage, Inc. 18 2.78% $9,493
BNC National Bank 18 2.33% $7,641
Paramount Residential Mortgage Group, Inc. 17 2.73% $7,858
GENEVA FINANCIAL, LLC 17 2.76% $8,979
Citizens Bank 16 2.55% $9,057
S1L, Inc. 16 2.94% $8,596
CHERRY CREEK MORTGAGE, LLC 15 2.48% $8,011
Prosperity Home Mortgage, LLC 15 2.68% $9,362
OnPoint Community Credit Union 14 2.91% $10,507
Strong Home Mortgage, LLC 14 2.39% $11,798
LOANPAL, LLC 14 2.39% $11,232
Banner Bank 13 2.53% $11,780
KS StateBank 12 2.31% $10,762
CELEBRITY HOME LOANS, LLC 12 2.76% $6,737
FIRST CENTENNIAL MORTGAGE CORPORATION 12 2.58% $5,912
MANN FINANCIAL INC. 11 2.58% $9,157
LPMC, LLC 11 2.66% $5,502
First Federal Bank 11 3.59% $10,478
PANORAMA MORTGAGE GROUP, LLC 11 2.91% $11,143
Nations Lending Corporation 10 2.85% $9,457
NETWORK CAPITAL FUNDING CORPORATION 10 2.53% $4,951
TJC Mortgage, Inc. 10 2.35% $3,771
SUMMIT FUNDING, INC. 9 2.93% $8,317
LEADERONE FINANCIAL CORPORATION 9 2.56% $9,771
HOME MORTGAGE ALLIANCE, LLC 9 2.65% $5,424
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 9 2.89% $11,645
NFM, INC. 9 2.93% $8,359
Wyndham Capital Mortgage, Inc. 8 2.27% $1,404
Lakeview Community Capital, LLC 8 2.51% $3,188
PENRITH HOME LOANS LLC 8 2.53% $6,419
Northpointe Bank 8 2.69% $7,571
MUFG Union Bank 7 2.41% $4,543
BELEM SERVICING LLC 7 1.89% $11,743
Prime Choice Funding Inc. 7 2.25% $7,529
Meridian Bank Corporation 6 2.38% $5,923
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 2.94% $8,578
CONTOUR MORTGAGE CORPORATION 6 2.35% $14,988
First Mortgage Solutions, LLC 6 2.27% $6,849
SECURITYNATIONAL MORTGAGE COMPANY 6 2.75% $13,122
AMERICAN FINANCIAL RESOURCES, INC. 6 2.73% $9,254
MASON MCDUFFIE MORTGAGE CORPORATION 6 2.54% $11,874
STEARNS LENDING, LLC 5 2.55% $4,208
BAYSHORE MORTGAGE FUNDING, LLC 5 2.38% $5,259
COLUMBIA COMMUNITY CREDIT UNION 5 2.55% $10,479
South Pacific Financial Corporation 5 2.75% $9,540
Mid-Continent Funding, Inc. 4 2.38% $13,785
AmeriHome Mortgage Company, LLC 4 2.78% $4,785
MORTGAGEONE, INC. 4 2.50% $13,033
BKCO MORTGAGE, LLC 4 3.13% $3,829
KeyBank 4 2.75% $6,640
AmRes Corporation 4 2.63% $12,908
HOMESIDE FINANCIAL, LLC 4 2.44% $8,657
KELLER MORTGAGE, LLC 4 2.53% $6,778
ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 3.13% $5,881
Goldwater Bank, N.A. 3 2.63% $4,850
BAY EQUITY LLC 3 2.54% $8,342
ZILLOW HOME LOANS, LLC 3 2.63% $15,269
Golden Empire Mortgage, Inc. 3 2.92% $7,088
PREMIER LENDING, INC. 3 2.88% $11,581
PRIORITY HOME LENDING, LLC 3 3.08% $6,875
PARKSIDE LENDING, LLC 3 2.25% $3,193
RANLIFE, INC. 3 2.46% $12,647
ON Q FINANCIAL, INC. 3 4.29% $8,396
LADERA LENDING, INC. 3 2.33% $6,519
Summit Mortgage Corporation 3 2.29% $6,337
V.I.P. MORTGAGE, INC. 3 2.42% $4,643
The Central Trust Bank 3 2.42% $9,325
Truist 3 2.83% $2,145
VERITAS FUNDING, LLC 3 2.62% $16,455
UNITED MORTGAGE CORP. 3 3.13% $10,050
CORNERSTONE HOME LENDING, INC. 3 2.75% $21,851
GSF Mortgage Corporation 3 3.08% $6,750
Equity Prime Mortgage LLC 2 2.88% $7,281
EVERETT FINANCIAL, INC. 2 2.94% $12,236
FBC MORTGAGE, LLC 2 2.25% $2,178
DRAPER AND KRAMER MORTGAGE CORP. 2 2.69% $10,252
FirstBank 2 2.37% $2,002
First Savings Bank 2 2.25% $4,232
DATA MORTGAGE, INC. 2 3.44% $17,080
DAS Acquisition Company, LLC 2 2.56% $4,148
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 2.94% $3,980
Community First National Bank 2 2.25% $3,618
Hometown Equity Mortgage, LLC 2 2.69% $7,729
INTERCAP LENDING INC. 2 2.38% $3,847
MID AMERICA MORTGAGE, INC. 2 2.69% $2,569
M&T Bank 2 2.63% $4,032
Century Mortgage Company DBA Century Lending Company 2 2.81% $2,714
Capital Bank 2 2.44% $11,494
NORTHWEST COMMUNITY 2 2.75% $4,500
Paramount Bank 2 2.75% $2,386
RELIANCE FIRST CAPITAL, LLC 2 2.81% $12,708
Texana Bank 2 2.25% $4,543
UNION HOME MORTGAGE CORP. 2 2.94% $7,328
PHH Mortgage Corporation 1 2.50% $21,010
CALCON MUTUAL MORTGAGE LLC 1 2.75% $7,307
First Federal Bank of Kansas City 1 3.50% $3,326
Republic Bank & Trust Company 1 2.50% $12,090
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 2.88% $6,144
OCMBC, INC. 1 2.25% $6,591
OCEANSIDE MORTGAGE COMPANY 1 2.25% $1,555
SAMMAMISH MORTGAGE COMPANY 1 2.25% $14,803
NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.25% $15,348
Service Federal Credit Union 1 2.63% $10,688
CASTPARTS EMPLOYEES 1 2.75% $8,674
SIRVA MORTGAGE, INC. 1 2.38% $2,036
Neighborhood Loans, Inc. 1 2.88% $14,798
SOUTHWEST STAGE FUNDING, LLC 1 2.25% $3,096
1st Security Bank of Washington 1 2.75% $20,878
S&S Financial 1 2.25% $5,719
Chickasaw Community Bank 1 2.88% $3,952
MEGA CAPITAL FUNDING, INC. 1 2.38% $12,613
CITYWIDE HOME LOANS, LLC 1 2.25% $2,365
LAND HOME FINANCIAL SERVICES, INC. 1 3.25% $22,247
JPMorgan Chase Bank 1 2.75% $3,410
Sunflower Bank 1 2.25% $2,193
Armed Forces Bank 1 3.00% $14,888
SWBC MORTGAGE CORPORATION 1 2.75% $7,684
Farmers & Stockmens Bank 1 2.63% $4,038
Columbia State Bank 1 2.75% $3,203
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.00% $1,831
THE MORTGAGE COMPANY 1 2.88% $22,343
TIAA, FSB 1 2.75% $11,352
INSPIRE HOME LOANS INC. 1 3.38% $5,135
TOP FLITE FINANCIAL, INC. 1 2.50% $3,978
TRISTAR FINANCE, INC. 1 2.88% $1,976
INLAND BANK & TRUST 1 3.00% $3,333
HOMESTEAD FUNDING CORP. 1 2.25% $1,147
ENVOY MORTGAGE, LTD 1 2.63% $7,752
HighTechLending Inc 1 2.00% $4,276
Credence Funding Corporation 1 2.88% $3,831
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.00% $0
Florida Capital Bank 1 2.25% $3,523
First Midwest Bank 1 2.25% $1,945
Alaska USA Mortgage Company LLC 1 2.75% $3,536
First Home Bank 1 2.63% $1,492
Alaska USA Federal Credit Union 1 2.75% $3,536
WESTERN EXPRESS LENDING 1 2.25% $2,170
BECKAM FUNDING CORP. 1 3.25% $11,242
PREMIA MORTGAGE, LLC 1 2.50% $13,861
BEST CAPITAL FUNDING 1 2.38% $7,075

The top Portland VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 649 VA loans originated. Their average total fees are $3,504, which is $3,619 lower than the next largest lender, PENNYMAC LOAN SERVICES, LLC.

The lowest fee Portland VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($3,326), LAKEVIEW LOAN SERVICING, LLC ($3,335), FREEDOM MORTGAGE CORPORATION ($3,504), TJC Mortgage, Inc. ($3,771) and PENTAGON FEDERAL CREDIT UNION ($3,911).

The lowest rate Portland VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.13%), ACCELERATE MORTGAGE, LLC (2.26%), KS StateBank (2.31%), PENNYMAC LOAN SERVICES, LLC (2.32%) and NP, Inc. (2.32%).


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 (3.8%) $623,313 (3.5%) 1.76 4,658
2018-02-01 $482,450 (2.1%) $637,336 (4.0%) 1.75 4,462
2018-03-01 $495,000 (3.1%) $638,263 (2.1%) 1.74 4,777
2018-04-01 $499,000 (2.9%) $637,241 (1.7%) 1.69 5,398
2018-05-01 $499,438 (2.0%) $638,545 (1.6%) 1.67 6,286
2018-06-01 $495,000 (1.8%) $628,654 (1.6%) 1.65 7,151
2018-07-01 $482,500 (0.5%) $615,343 (1.5%) 1.61 8,121
2018-08-01 $478,000 (0.6%) $603,262 (0.9%) 1.60 8,644
2018-09-01 $469,955 (0.2%) $592,727 (0.3%) 1.58 8,971
2018-10-01 $469,375 (0.3%) $589,529 (-0.2%) 1.59 8,712
2018-11-01 $469,850 (0.0%) $592,535 (-0.9%) 1.59 8,087
2018-12-01 $469,900 (-1.1%) $600,420 (-2.0%) 1.62 6,960
2019-01-01 $472,425 (-0.5%) $602,868 (-3.3%) 1.63 6,178
2019-02-01 $477,000 (-1.1%) $611,495 (-4.1%) 1.61 6,031
2019-03-01 $480,143 (-3.0%) $610,775 (-4.3%) 1.57 6,292
2019-04-01 $475,225 (-4.8%) $603,469 (-5.3%) 1.51 6,852
2019-05-01 $475,975 (-4.7%) $603,842 (-5.4%) 1.49 7,418
2019-06-01 $477,404 (-3.6%) $600,593 (-4.5%) 1.49 8,333
2019-07-01 $474,925 (-1.6%) $598,116 (-2.8%) 1.49 8,627
2019-08-01 $473,000 (-1.1%) $597,829 (-0.9%) 1.50 8,526
2019-09-01 $470,750 (0.2%) $596,394 (0.6%) 1.51 8,285
2019-10-01 $464,500 (-1.0%) $590,169 (0.1%) 1.50 7,983
2019-11-01 $462,000 (-1.7%) $592,319 (0.0%) 1.51 6,972
2019-12-01 $465,572 (-0.9%) $596,712 (-0.6%) 1.55 5,682
2020-01-01 $470,336 (-0.4%) $608,584 (1.0%) 1.57 4,896
2020-02-01 $477,885 (0.2%) $614,998 (0.6%) 1.56 4,459
2020-03-01 $478,846 (-0.3%) $619,604 (1.5%) 1.50 4,847
2020-04-01 $475,000 (-0.1%) $606,788 (0.6%) 1.49 5,706
2020-05-01 $487,220 (2.4%) $616,429 (2.1%) 1.48 5,775
2020-06-01 $499,000 (4.5%) $630,312 (5.0%) 1.47 5,399
2020-07-01 $499,900 (5.3%) $641,859 (7.3%) 1.45 5,157
2020-08-01 $499,900 (5.7%) $650,072 (8.7%) 1.43 5,082
2020-09-01 $499,974 (6.2%) $653,970 (9.7%) 1.43 4,771
2020-10-01 $510,000 (9.8%) $660,249 (11.9%) 1.46 4,522
2020-11-01 $512,500 (10.9%) $668,864 (12.9%) 1.50 3,870
2020-12-01 $507,500 (9.0%) $672,948 (12.8%) 1.51 2,982
2021-01-01 $499,900 (6.3%) $681,071 (11.9%) 1.49 2,508
2021-02-01 $501,345 (4.9%) $689,542 (12.1%) 1.46 2,266
2021-03-01 $510,186 (6.5%) $682,442 (10.1%) 1.45 2,426
2021-04-01 $525,000 (10.5%) $691,922 (14.0%) 1.42 2,658
2021-05-01 $549,000 (12.7%) $715,935 (16.1%) 1.45 2,871
2021-06-01 $554,500 (11.1%) $725,684 (15.1%) 1.46 3,357
2021-07-01 $553,000 (10.6%) $730,607 (13.8%) 1.46 3,778
2021-08-01 $550,000 (10.0%) $722,132 (11.1%) 1.47 3,873
2021-09-01 $550,000 (10.0%) $723,259 (10.6%) 1.47 4,018
2021-10-01 $549,950 (7.8%) $719,872 (9.0%) 1.47 3,931
2021-11-01 $550,000 (7.3%) $723,561 (8.2%) 1.47 3,150
2021-12-01 $549,000 (8.2%) $725,921 (7.9%) 1.49 2,400
2022-01-01 $549,900 (10.0%) $736,590 (8.2%) 1.49 1,858
2022-02-01 $557,500 (11.2%) $733,829 (6.4%) 1.45 1,947
2022-03-01 $572,500 (12.2%) $734,914 (7.7%) 1.43 2,166
2022-04-01 $585,000 (11.4%) $753,078 (8.8%) 1.40 2,369
2022-05-01 $597,450 (8.8%) $758,077 (5.9%) 1.37 3,440
2022-06-01 $599,950 (8.2%) $761,068 (4.9%) 1.34 4,415
2022-07-01 $599,000 (8.3%) $752,764 (3.0%) 1.36 5,675
2022-08-01 $589,950 (7.3%) $744,522 (3.1%) 1.36 5,836
2022-09-01 $589,900 (7.3%) $761,177 (5.2%) 1.38 5,863
2022-10-01 $579,900 (5.5%) $759,892 (5.6%) 1.36 5,878
2022-11-01 $582,475 (5.9%) $768,480 (6.2%) 1.40 5,534
2022-12-01 $589,000 (7.3%) $777,575 (7.1%) 1.47 4,595
Portland's median listing price for 2022-12-01 was $589,000, a difference of $40,000 (7.3%) versus the prior year and $6,525 versus the prior month.

Portland's median listing price comes in at 147% of the national average.

Portland's average listing price for 2022-12-01 was $777,575, a difference of $51,654 (7.1%) versus the prior year and $9,095 versus the prior month.

For the 2022-12-01 period, Portland had 4,595 MLS listings, a difference of -939 listings (-17%) versus the prior month and 2,195 listings (91%) 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 65 days 2,265 sqft
2018-02-01 44 days 2,273 sqft
2018-03-01 37 days 2,268 sqft
2018-04-01 32 days 2,274 sqft
2018-05-01 31 days 2,275 sqft
2018-06-01 33 days 2,248 sqft
2018-07-01 37 days 2,216 sqft
2018-08-01 38 days 2,187 sqft
2018-09-01 45 days 2,156 sqft
2018-10-01 50 days 2,142 sqft
2018-11-01 57 days 2,148 sqft
2018-12-01 68 days 2,142 sqft
2019-01-01 70 days 2,136 sqft
2019-02-01 48 days 2,156 sqft
2019-03-01 41 days 2,146 sqft
2019-04-01 36 days 2,131 sqft
2019-05-01 33 days 2,139 sqft
2019-06-01 37 days 2,158 sqft
2019-07-01 41 days 2,149 sqft
2019-08-01 45 days 2,136 sqft
2019-09-01 49 days 2,129 sqft
2019-10-01 52 days 2,110 sqft
2019-11-01 64 days 2,098 sqft
2019-12-01 76 days 2,094 sqft
2020-01-01 77 days 2,108 sqft
2020-02-01 60 days 2,102 sqft
2020-03-01 44 days 2,094 sqft
2020-04-01 45 days 2,093 sqft
2020-05-01 56 days 2,104 sqft
2020-06-01 53 days 2,119 sqft
2020-07-01 45 days 2,106 sqft
2020-08-01 43 days 2,099 sqft
2020-09-01 51 days 2,078 sqft
2020-10-01 58 days 2,055 sqft
2020-11-01 66 days 2,046 sqft
2020-12-01 67 days 1,999 sqft
2021-01-01 54 days 1,941 sqft
2021-02-01 40 days 1,880 sqft
2021-03-01 34 days 1,903 sqft
2021-04-01 31 days 1,911 sqft
2021-05-01 32 days 1,946 sqft
2021-06-01 28 days 1,974 sqft
2021-07-01 36 days 1,975 sqft
2021-08-01 37 days 1,963 sqft
2021-09-01 43 days 1,960 sqft
2021-10-01 43 days 1,930 sqft
2021-11-01 53 days 1,905 sqft
2021-12-01 51 days 1,858 sqft
2022-01-01 63 days 1,848 sqft
2022-02-01 29 days 1,827 sqft
2022-03-01 29 days 1,833 sqft
2022-04-01 27 days 1,848 sqft
2022-05-01 24 days 1,928 sqft
2022-06-01 25 days 1,982 sqft
2022-07-01 31 days 2,000 sqft
2022-08-01 37 days 2,001 sqft
2022-09-01 44 days 1,995 sqft
2022-10-01 45 days 1,987 sqft
2022-11-01 52 days 1,994 sqft
2022-12-01 66 days 2,001 sqft
Portland's median listing age (time on market) for 2022-12-01 was 66 days. This is 31% longer than the same period one year ago.

Portland's median square footage for active listings during the 2022-12-01 period was 2,001 sqft. One year prior, the average listing was 1,858 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.