Portland VA Loans

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 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 6.08% for the week of 2022-09-23, compared to the national average (all VA variants) of 5.992% for the same period.

    The average rate for the prior week (2022-09-16) was 6.13% and one month ago for the week of 2022-08-19, the average rate was 5.59%.

    The average rate one year ago was 3.19%.

    For refis of the same type during the week of 2022-09-23, the average rate was 6.22%.

    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 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. Total Fees
    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
    Magnolia Bank 26 2.63% $8,881
    North American Savings Bank, F.S.B. 26 2.38% $4,792
    Hometown Lenders, Inc. 26 2.98% $8,780
    PRIMARY RESIDENTIAL MORTGAGE, INC. 25 2.99% $8,789
    ACCELERATE MORTGAGE, LLC 25 2.26% $6,837
    MUTUAL OF OMAHA MORTGAGE, INC. 25 2.56% $8,364
    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
    CLEARPATH LENDING 20 2.13% $5,115
    HOMEAMERICAN MORTGAGE CORPORATION 20 2.53% $5,113
    AXIA FINANCIAL, LLC 20 2.93% $10,362
    LENDUS, LLC 19 2.53% $6,422
    PRIMELENDING, A PLAINSCAPITAL COMPANY 19 2.78% $9,013
    BNC National Bank 18 2.33% $7,641
    Commerce Home Mortgage, Inc. 18 2.78% $9,493
    Paramount Residential Mortgage Group, Inc. 17 2.73% $7,858
    GENEVA FINANCIAL, LLC 17 2.76% $8,979
    S1L, Inc. 16 2.94% $8,596
    Citizens Bank 16 2.55% $9,057
    Prosperity Home Mortgage, LLC 15 2.68% $9,362
    CHERRY CREEK MORTGAGE, LLC 15 2.48% $8,011
    LOANPAL, LLC 14 2.39% $11,232
    Strong Home Mortgage, LLC 14 2.39% $11,798
    OnPoint Community Credit Union 14 2.91% $10,507
    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
    First Federal Bank 11 3.59% $10,478
    PANORAMA MORTGAGE GROUP, LLC 11 2.91% $11,143
    LPMC, LLC 11 2.66% $5,502
    MANN FINANCIAL INC. 11 2.58% $9,157
    NETWORK CAPITAL FUNDING CORPORATION 10 2.53% $4,951
    TJC Mortgage, Inc. 10 2.35% $3,771
    Nations Lending Corporation 10 2.85% $9,457
    HOME MORTGAGE ALLIANCE, LLC 9 2.65% $5,424
    NFM, INC. 9 2.93% $8,359
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 9 2.89% $11,645
    LEADERONE FINANCIAL CORPORATION 9 2.56% $9,771
    SUMMIT FUNDING, INC. 9 2.93% $8,317
    Wyndham Capital Mortgage, Inc. 8 2.27% $1,404
    PENRITH HOME LOANS LLC 8 2.53% $6,419
    Lakeview Community Capital, LLC 8 2.51% $3,188
    Northpointe Bank 8 2.69% $7,571
    Prime Choice Funding Inc. 7 2.25% $7,529
    MUFG Union Bank 7 2.41% $4,543
    BELEM SERVICING LLC 7 1.89% $11,743
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 2.94% $8,578
    AMERICAN FINANCIAL RESOURCES, INC. 6 2.73% $9,254
    CONTOUR MORTGAGE CORPORATION 6 2.35% $14,988
    MASON MCDUFFIE MORTGAGE CORPORATION 6 2.54% $11,874
    Meridian Bank Corporation 6 2.38% $5,923
    First Mortgage Solutions, LLC 6 2.27% $6,849
    SECURITYNATIONAL MORTGAGE COMPANY 6 2.75% $13,122
    STEARNS LENDING, LLC 5 2.55% $4,208
    COLUMBIA COMMUNITY CREDIT UNION 5 2.55% $10,479
    BAYSHORE MORTGAGE FUNDING, LLC 5 2.38% $5,259
    South Pacific Financial Corporation 5 2.75% $9,540
    KELLER MORTGAGE, LLC 4 2.53% $6,778
    Mid-Continent Funding, Inc. 4 2.38% $13,785
    MORTGAGEONE, INC. 4 2.50% $13,033
    AmRes Corporation 4 2.63% $12,908
    HOMESIDE FINANCIAL, LLC 4 2.44% $8,657
    AmeriHome Mortgage Company, LLC 4 2.78% $4,785
    BKCO MORTGAGE, LLC 4 3.13% $3,829
    KeyBank 4 2.75% $6,640
    UNITED MORTGAGE CORP. 3 3.13% $10,050
    CORNERSTONE HOME LENDING, INC. 3 2.75% $21,851
    The Central Trust Bank 3 2.42% $9,325
    ON Q FINANCIAL, INC. 3 4.29% $8,396
    GSF Mortgage Corporation 3 3.08% $6,750
    Goldwater Bank, N.A. 3 2.63% $4,850
    Golden Empire Mortgage, Inc. 3 2.92% $7,088
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 3.13% $5,881
    PREMIER LENDING, INC. 3 2.88% $11,581
    BAY EQUITY LLC 3 2.54% $8,342
    ZILLOW HOME LOANS, LLC 3 2.63% $15,269
    PRIORITY HOME LENDING, LLC 3 3.08% $6,875
    RANLIFE, INC. 3 2.46% $12,647
    VERITAS FUNDING, LLC 3 2.62% $16,455
    V.I.P. MORTGAGE, INC. 3 2.42% $4,643
    LADERA LENDING, INC. 3 2.33% $6,519
    PARKSIDE LENDING, LLC 3 2.25% $3,193
    Summit Mortgage Corporation 3 2.29% $6,337
    Truist 3 2.83% $2,145
    Capital Bank 2 2.44% $11,494
    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
    Manufacturers and Traders Trust Company 2 2.63% $4,032
    MID AMERICA MORTGAGE, INC. 2 2.69% $2,569
    Century Mortgage Company DBA Century Lending Company 2 2.81% $2,714
    Equity Prime Mortgage LLC 2 2.88% $7,281
    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 $479,000 (3.6%) $624,204 (4.3%) 1.76 4,745
    2018-02-01 $482,950 (2.2%) $638,527 (4.8%) 1.74 4,531
    2018-03-01 $495,000 (2.9%) $637,516 (2.6%) 1.71 4,843
    2018-04-01 $499,000 (2.9%) $638,826 (2.2%) 1.67 5,465
    2018-05-01 $499,900 (2.0%) $637,542 (1.6%) 1.67 6,377
    2018-06-01 $495,000 (1.2%) $627,561 (1.7%) 1.65 7,254
    2018-07-01 $485,000 (0.0%) $616,573 (1.6%) 1.62 8,240
    2018-08-01 $479,700 (1.0%) $603,893 (0.6%) 1.60 8,773
    2018-09-01 $474,900 (0.0%) $593,884 (0.2%) 1.59 9,073
    2018-10-01 $469,955 (-0.2%) $590,480 (-0.1%) 1.57 8,810
    2018-11-01 $469,900 (-0.9%) $592,114 (-1.1%) 1.58 8,190
    2018-12-01 $469,900 (-1.1%) $600,019 (-2.1%) 1.61 7,055
    2019-01-01 $473,950 (-1.1%) $603,557 (-3.3%) 1.63 6,255
    2019-02-01 $477,949 (-1.0%) $610,802 (-4.3%) 1.60 6,094
    2019-03-01 $480,143 (-3.0%) $609,761 (-4.4%) 1.56 6,338
    2019-04-01 $475,693 (-4.7%) $602,650 (-5.7%) 1.50 6,894
    2019-05-01 $478,950 (-4.2%) $603,977 (-5.3%) 1.48 7,472
    2019-06-01 $479,000 (-3.2%) $600,198 (-4.4%) 1.47 8,412
    2019-07-01 $474,950 (-2.1%) $596,864 (-3.2%) 1.48 8,706
    2019-08-01 $472,757 (-1.5%) $595,443 (-1.4%) 1.49 8,554
    2019-09-01 $469,900 (-1.1%) $593,346 (-0.1%) 1.49 8,318
    2019-10-01 $467,450 (-0.5%) $589,501 (-0.2%) 1.49 8,015
    2019-11-01 $469,900 (0.0%) $594,846 (0.5%) 1.52 6,993
    2019-12-01 $470,950 (0.2%) $599,919 (0.0%) 1.57 5,720
    2020-01-01 $476,000 (0.4%) $612,602 (1.5%) 1.59 4,873
    2020-02-01 $484,240 (1.3%) $616,311 (0.9%) 1.56 4,407
    2020-03-01 $487,000 (1.4%) $626,616 (2.8%) 1.52 4,802
    2020-04-01 $480,000 (0.9%) $612,334 (1.6%) 1.50 5,719
    2020-05-01 $495,000 (3.4%) $624,303 (3.4%) 1.50 5,755
    2020-06-01 $508,000 (6.1%) $646,948 (7.8%) 1.48 5,363
    2020-07-01 $499,925 (5.3%) $648,393 (8.6%) 1.43 5,110
    2020-08-01 $510,000 (7.9%) $662,667 (11.3%) 1.46 5,032
    2020-09-01 $521,500 (11.0%) $680,267 (14.7%) 1.49 4,773
    2020-10-01 $525,000 (12.3%) $687,115 (16.6%) 1.50 4,500
    2020-11-01 $532,500 (13.3%) $701,079 (17.9%) 1.52 3,845
    2020-12-01 $530,000 (12.5%) $702,949 (17.2%) 1.55 2,966
    2021-01-01 $499,990 (5.0%) $689,391 (12.5%) 1.47 2,486
    2021-02-01 $507,995 (4.9%) $699,392 (13.5%) 1.46 2,235
    2021-03-01 $515,000 (5.8%) $689,041 (10.0%) 1.44 2,386
    2021-04-01 $526,250 (9.6%) $692,959 (13.2%) 1.41 2,599
    2021-05-01 $549,900 (11.1%) $718,792 (15.1%) 1.45 2,833
    2021-06-01 $555,100 (9.3%) $728,907 (12.7%) 1.44 3,332
    2021-07-01 $563,945 (12.8%) $736,756 (13.6%) 1.46 3,705
    2021-08-01 $555,500 (8.9%) $726,314 (9.6%) 1.46 3,836
    2021-09-01 $553,000 (6.0%) $728,213 (7.1%) 1.46 3,957
    2021-10-01 $550,000 (4.8%) $723,583 (5.3%) 1.45 3,872
    2021-11-01 $551,000 (3.5%) $726,327 (3.6%) 1.45 3,110
    2021-12-01 $549,000 (3.6%) $725,847 (3.3%) 1.46 2,398
    2022-01-01 $550,000 (10.0%) $740,897 (7.5%) 1.47 1,850
    2022-02-01 $559,950 (10.2%) $737,791 (5.5%) 1.43 1,914
    2022-03-01 $574,950 (11.6%) $740,668 (7.5%) 1.42 2,101
    2022-04-01 $585,000 (11.2%) $757,370 (9.3%) 1.38 2,313
    2022-05-01 $597,950 (8.7%) $764,182 (6.3%) 1.34 3,377
    2022-06-01 $599,995 (8.1%) $764,968 (5.0%) 1.33 4,354
    2022-07-01 $599,500 (6.3%) $757,291 (2.8%) 1.34 5,594
    2022-08-01 $595,000 (7.1%) $750,462 (3.3%) 1.37 5,802
    Portland's median listing price for 2022-08-01 was $595,000, a difference of $39,500 (7.1%) versus the prior year and $-4,500 versus the prior month.

    Portland's median listing price comes in at 137% of the national average.

    Portland's average listing price for 2022-08-01 was $750,462, a difference of $24,148 (3.3%) versus the prior year and $-6,829 versus the prior month.

    For the 2022-08-01 period, Portland had 5,802 MLS listings, a difference of 208 listings (4%) versus the prior month and 1,966 listings (51%) 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 63 days 2,277 sqft
    2018-02-01 44 days 2,278 sqft
    2018-03-01 37 days 2,273 sqft
    2018-04-01 31 days 2,282 sqft
    2018-05-01 31 days 2,280 sqft
    2018-06-01 32 days 2,256 sqft
    2018-07-01 37 days 2,230 sqft
    2018-08-01 38 days 2,197 sqft
    2018-09-01 45 days 2,164 sqft
    2018-10-01 50 days 2,150 sqft
    2018-11-01 56 days 2,157 sqft
    2018-12-01 68 days 2,142 sqft
    2019-01-01 69 days 2,142 sqft
    2019-02-01 48 days 2,164 sqft
    2019-03-01 43 days 2,155 sqft
    2019-04-01 36 days 2,137 sqft
    2019-05-01 34 days 2,144 sqft
    2019-06-01 37 days 2,163 sqft
    2019-07-01 41 days 2,154 sqft
    2019-08-01 46 days 2,138 sqft
    2019-09-01 49 days 2,133 sqft
    2019-10-01 51 days 2,115 sqft
    2019-11-01 59 days 2,123 sqft
    2019-12-01 70 days 2,119 sqft
    2020-01-01 73 days 2,123 sqft
    2020-02-01 58 days 2,120 sqft
    2020-03-01 39 days 2,118 sqft
    2020-04-01 42 days 2,114 sqft
    2020-05-01 51 days 2,142 sqft
    2020-06-01 46 days 2,160 sqft
    2020-07-01 45 days 2,116 sqft
    2020-08-01 42 days 2,109 sqft
    2020-09-01 41 days 2,106 sqft
    2020-10-01 46 days 2,076 sqft
    2020-11-01 48 days 2,073 sqft
    2020-12-01 56 days 2,033 sqft
    2021-01-01 56 days 1,947 sqft
    2021-02-01 39 days 1,907 sqft
    2021-03-01 35 days 1,917 sqft
    2021-04-01 33 days 1,914 sqft
    2021-05-01 32 days 1,960 sqft
    2021-06-01 30 days 1,982 sqft
    2021-07-01 33 days 1,984 sqft
    2021-08-01 34 days 1,978 sqft
    2021-09-01 36 days 1,973 sqft
    2021-10-01 37 days 1,936 sqft
    2021-11-01 42 days 1,913 sqft
    2021-12-01 47 days 1,863 sqft
    2022-01-01 47 days 1,850 sqft
    2022-02-01 32 days 1,837 sqft
    2022-03-01 30 days 1,841 sqft
    2022-04-01 29 days 1,853 sqft
    2022-05-01 26 days 1,937 sqft
    2022-06-01 28 days 1,984 sqft
    2022-07-01 31 days 2,005 sqft
    2022-08-01 37 days 2,010 sqft
    Portland's median listing age (time on market) for 2022-08-01 was 37 days. This is 9% longer than the same period one year ago.

    Portland's median square footage for active listings during the 2022-08-01 period was 2,010 sqft. One year prior, the average listing was 1,978 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.