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 133 lenders originated 1,606 VA loans during 2023. The total origination value was $786,790,000, with an average VA loan value of $489,907.

    Portland VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Portland averaged 0.03% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Portland's average VA mortgage closing costs are $8,171.

    The average rate for the prior week (2024-11-08) was 6.44% and one month ago for the week of 2024-10-11, the average rate was 6.01%.

    The average rate one year ago was 7.5%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.78%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 182 6.56% $8,219
    UNITED WHOLESALE MORTGAGE, LLC 155 6.13% $9,214
    QUICKEN LOANS, LLC 98 6.00% $16,330
    NATIONS DIRECT MORTGAGE, LLC 73 6.25% $11,984
    NAVY FEDERAL CREDIT UNION 64 5.72% $7,523
    GUILD MORTGAGE COMPANY 49 6.37% $15,211
    CMG MORTGAGE, INC. 48 6.25% $14,747
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 48 6.39% $9,733
    USAA Federal Savings Bank 36 6.14% $11,583
    MORTGAGE EXPRESS, LLC 29 6.28% $12,869
    DHI MORTGAGE COMPANY, LTD. 28 5.56% $6,960
    CROSSCOUNTRY MORTGAGE, LLC 27 6.56% $11,972
    FREEDOM MORTGAGE CORPORATION 27 6.38% $20,448
    LOANDEPOT.COM, LLC 26 5.47% $14,291
    PENNYMAC LOAN SERVICES, LLC 25 5.62% $11,748
    GUARANTEED RATE, INC. 24 6.24% $8,493
    NEWREZ LLC 23 6.36% $11,668
    EAGLE HOME MORTGAGE, LLC 22 5.86% $7,174
    The Federal Savings Bank 21 6.26% $20,200
    Paramount Residential Mortgage Group, Inc. 20 6.40% $11,110
    BROKER SOLUTIONS, INC. 19 6.45% $12,786
    SUMMIT MORTGAGE CORPORATION 17 6.07% $19,566
    CALIBER HOME LOANS, INC. 16 5.93% $10,943
    CARDINAL FINANCIAL 16 6.54% $22,159
    ACADEMY MORTGAGE CORPORATION 16 6.52% $11,695
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 14 6.50% $15,693
    VILLAGE CAPITAL MORTGAGE 14 6.54% $12,387
    PENTAGON FEDERAL CREDIT UNION 14 5.53% $9,218
    NEW DAY FINANCIAL, LLC 12 7.53% $21,116
    AMERICAN PACIFIC MORTGAGE CORPORATION 12 6.47% $15,778
    Flagstar Bank, FSB 12 6.38% $14,257
    S1L, Inc. 11 6.49% $13,654
    Mr. Cooper ( Nationstar Mortgage ) 11 5.89% $22,482
    Wells Fargo Bank 11 5.86% $6,390
    HOMEAMERICAN MORTGAGE CORPORATION 10 5.05% $6,221
    HomeStreet Bank 10 6.20% $17,382
    MOVEMENT MORTGAGE, LLC 10 6.50% $11,078
    CORNERSTONE HOME LENDING, INC. 9 6.53% $10,038
    Plains Commerce Bank 9 5.99% $12,578
    AMERISAVE MORTGAGE CORPORATION 9 5.88% $15,819
    PACIFIC RESIDENTIAL MORTGAGE, LLC 8 6.64% $15,507
    American Mortgage & Equity Consultants, Inc. 8 6.45% $13,781
    MUTUAL OF OMAHA MORTGAGE, INC. 8 6.00% $14,150
    HOMEBRIDGE FINANCIAL SERVICES, INC. 8 5.89% $10,588
    BAY EQUITY LLC 8 6.31% $13,313
    Century Mortgage Company DBA Century Lending Company 7 5.87% $8,095
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 6.55% $11,985
    MANN FINANCIAL INC. 6 6.29% $11,676
    Equity Prime Mortgage LLC 6 5.83% $15,473
    Prosperity Home Mortgage, LLC 6 6.27% $15,181
    NBKC BANK 6 5.77% $9,348
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.48% $12,612
    PLAZA HOME MORTGAGE, INC. 6 5.94% $14,253
    JPMorgan Chase Bank 5 6.35% $6,317
    U.S. Bank 5 5.70% $2,986
    Sierra Pacific Mortgage Company, Inc. 5 5.90% $12,491
    Magnolia Bank 5 5.88% $25,486
    DIRECTORS MORTGAGE, INC. 5 6.60% $14,179
    Barrington Bank & Trust Company, N.A. 5 5.75% $10,591
    CANOPY MORTGAGE, LLC 5 6.42% $14,341
    Willamette Valley Bank 5 5.93% $12,953
    PANORAMA MORTGAGE GROUP, LLC 5 6.63% $15,864
    NFM, INC. 4 6.66% $14,581
    PREMIER MORTGAGE RESOURCES, L.L.C. 4 6.75% $21,535
    South Pacific Financial Corporation 4 5.47% $10,001
    Armed Forces Bank 4 6.16% $9,553
    SOVEREIGN LENDING GROUP INCORPORATED 4 5.40% $25,118
    MASON MCDUFFIE MORTGAGE CORPORATION 4 6.37% $15,514
    OnPoint Community Credit Union 4 6.22% $7,439
    AMERICAN FINANCIAL NETWORK, INC. 3 5.92% $3,082
    Hometown Equity Mortgage, LLC 3 6.17% $18,130
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.00% $18,184
    GUARANTEED RATE AFFINITY, LLC 3 6.33% $4,526
    PENRITH HOME LOANS LLC 3 6.67% $23,546
    PLANET HOME LENDING, LLC 3 5.50% $15,310
    Neighborhood Loans, Inc. 2 6.56% $11,005
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.13% $15,050
    Ameris Bank 2 6.69% $16,509
    Bank of England 2 6.25% $3,543
    BNC National Bank 2 5.25% $5,551
    CHURCHILL MORTGAGE CORPORATION 2 6.50% $22,329
    Citizens Bank 2 6.00% $16,803
    Farmers Bank & Trust 2 5.50% $19,246
    GENEVA FINANCIAL, LLC 2 6.31% $11,801
    HOMESIDE FINANCIAL, LLC 2 6.19% $8,726
    KeyBank 2 6.38% $6,754
    LEADERONE FINANCIAL CORPORATION 2 6.81% $9,256
    LPMC, LLC 2 6.19% $23,396
    MLD MORTGAGE INC. 2 6.06% $7,479
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.00% $0
    1st Security Bank of Washington 2 5.88% $28,200
    Northpointe Bank 2 5.00% $19,211
    NOVA FINANCIAL & INVESTMENT CORPORATION 2 6.94% $25,371
    RESIDENTIAL MORTGAGE, LLC 2 5.87% $12,967
    SAMMAMISH MORTGAGE COMPANY 2 5.19% $11,487
    SIRVA MORTGAGE, INC. 2 6.69% $4,938
    SUMMIT FUNDING, INC. 2 6.50% $14,772
    The Central Trust Bank 2 5.25% $15,919
    Umpqua Bank 2 4.44% $21,377
    UNION HOME MORTGAGE CORP. 2 7.13% $9,869
    INTERCAP LENDING INC. 1 5.75% $42,123
    INROADS 1 7.63% $8,651
    HOMEXPRESS MORTGAGE CORP. 1 7.38% $17,216
    HomePromise Corporation 1 7.50% $26,874
    Golden Empire Mortgage, Inc. 1 6.75% $6,419
    Franklin Loan Corporation 1 5.75% $19,191
    Florida Capital Bank 1 5.63% $6,753
    RANLIFE, INC. 1 6.13% $12,059
    RELIANCE FIRST CAPITAL, LLC 1 5.25% $37,568
    RESIDENTIAL BANCORP 1 6.63% $27,252
    CHERRY CREEK MORTGAGE, LLC 1 5.63% $0
    First Federal Bank 1 5.75% $11,499
    Carrington Mortgage Services, LLC 1 5.13% $14,688
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $15,804
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 7.13% $3,194
    Bell Bank 1 6.75% $11,136
    First Bank 1 7.00% $5,638
    ENVOY MORTGAGE, LTD 1 6.75% $17,031
    Bank of America 1 5.00% $25,186
    Cornerstone First Mortgage, Inc 1 6.88% $15,802
    SUN WEST MORTGAGE COMPANY, INC. 1 6.12% $11,447
    Waterstone Mortgage Corporation 1 5.25% $23,150
    Commerce Home Mortgage, Inc. 1 7.13% $6,763
    The Loan Store, Inc. 1 5.63% $12,445
    AmeriHome Mortgage Company, LLC 1 6.50% $7,667
    AMERICAN FINANCING CORPORATION 1 6.13% $4,167
    Paramount Bank 1 6.50% $18,596
    OCMBC, INC. 1 7.13% $41,077
    North American Savings Bank, F.S.B. 1 5.13% $9,662
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $15,606
    M&T Bank 1 6.75% $14,924
    PHH Mortgage Corporation 1 5.63% $8,337
    Ixonia Bank 1 6.75% $13,345

    The top Portland VA lender as defined by loan originations is Mortgage Research Center, LLC, with 182 VA loans originated. Their average total fees are $8,219, which is $995 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Portland VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($6,221), Wells Fargo Bank ($6,390), DHI MORTGAGE COMPANY, LTD. ($6,960), EAGLE HOME MORTGAGE, LLC ($7,174) and NAVY FEDERAL CREDIT UNION ($7,523).

    The lowest rate Portland VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (5.05%), LOANDEPOT.COM, LLC (5.47%), PENTAGON FEDERAL CREDIT UNION (5.53%), DHI MORTGAGE COMPANY, LTD. (5.56%) and PENNYMAC LOAN SERVICES, LLC (5.62%).

    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 $476,538 (4.2%) $624,738 (3.7%) 1.77 4,642
    2018-02-01 $482,475 (2.1%) $639,191 (4.1%) 1.75 4,444
    2018-03-01 $495,000 (3.0%) $639,960 (2.1%) 1.74 4,759
    2018-04-01 $499,000 (2.9%) $638,700 (1.7%) 1.69 5,380
    2018-05-01 $499,700 (2.0%) $639,825 (1.6%) 1.67 6,268
    2018-06-01 $495,945 (1.6%) $629,965 (1.6%) 1.65 7,129
    2018-07-01 $484,500 (0.9%) $616,379 (1.5%) 1.62 8,101
    2018-08-01 $479,000 (0.8%) $604,146 (0.9%) 1.60 8,623
    2018-09-01 $472,000 (0.6%) $593,493 (0.3%) 1.59 8,950
    2018-10-01 $469,900 (0.1%) $590,304 (-0.3%) 1.59 8,693
    2018-11-01 $469,900 (0.0%) $593,258 (-1.0%) 1.59 8,070
    2018-12-01 $469,900 (-1.1%) $601,163 (-2.1%) 1.62 6,944
    2019-01-01 $473,044 (-0.7%) $603,633 (-3.4%) 1.63 6,164
    2019-02-01 $477,949 (-0.9%) $611,933 (-4.3%) 1.61 6,019
    2019-03-01 $480,657 (-2.9%) $611,249 (-4.5%) 1.57 6,278
    2019-04-01 $475,720 (-4.7%) $604,133 (-5.4%) 1.51 6,832
    2019-05-01 $478,950 (-4.2%) $604,692 (-5.5%) 1.50 7,392
    2019-06-01 $479,000 (-3.4%) $601,300 (-4.6%) 1.50 8,307
    2019-07-01 $474,950 (-2.0%) $598,894 (-2.8%) 1.49 8,601
    2019-08-01 $473,291 (-1.2%) $598,581 (-0.9%) 1.50 8,498
    2019-09-01 $470,877 (-0.2%) $597,153 (0.6%) 1.51 8,255
    2019-10-01 $465,350 (-1.0%) $590,927 (0.1%) 1.50 7,952
    2019-11-01 $463,980 (-1.3%) $593,276 (0.0%) 1.52 6,942
    2019-12-01 $466,500 (-0.7%) $597,951 (-0.5%) 1.56 5,651
    2020-01-01 $472,170 (-0.2%) $609,994 (1.1%) 1.58 4,866
    2020-02-01 $479,000 (0.2%) $616,550 (0.8%) 1.57 4,427
    2020-03-01 $479,450 (-0.3%) $621,009 (1.6%) 1.50 4,816
    2020-04-01 $475,725 (0.0%) $607,767 (0.6%) 1.49 5,676
    2020-05-01 $488,500 (2.0%) $617,166 (2.1%) 1.48 5,748
    2020-06-01 $499,000 (4.2%) $631,032 (4.9%) 1.47 5,376
    2020-07-01 $499,900 (5.3%) $642,495 (7.3%) 1.45 5,134
    2020-08-01 $499,960 (5.6%) $650,939 (8.8%) 1.43 5,056
    2020-09-01 $499,980 (6.2%) $654,864 (9.7%) 1.43 4,745
    2020-10-01 $510,000 (9.6%) $661,247 (11.9%) 1.46 4,499
    2020-11-01 $512,500 (10.5%) $669,846 (12.9%) 1.50 3,848
    2020-12-01 $507,500 (8.8%) $674,314 (12.8%) 1.51 2,958
    2021-01-01 $499,900 (5.9%) $682,776 (11.9%) 1.49 2,486
    2021-02-01 $502,880 (5.0%) $691,012 (12.1%) 1.46 2,244
    2021-03-01 $511,875 (6.8%) $684,314 (10.2%) 1.45 2,403
    2021-04-01 $525,000 (10.4%) $693,193 (14.1%) 1.42 2,637
    2021-05-01 $549,900 (12.6%) $717,025 (16.2%) 1.46 2,848
    2021-06-01 $554,950 (11.2%) $726,786 (15.2%) 1.46 3,337
    2021-07-01 $555,000 (11.0%) $731,698 (13.9%) 1.46 3,758
    2021-08-01 $550,000 (10.0%) $722,960 (11.1%) 1.47 3,852
    2021-09-01 $550,000 (10.0%) $724,111 (10.6%) 1.47 3,995
    2021-10-01 $550,000 (7.8%) $721,293 (9.1%) 1.47 3,908
    2021-11-01 $550,000 (7.3%) $725,117 (8.3%) 1.47 3,127
    2021-12-01 $549,250 (8.2%) $728,293 (8.0%) 1.49 2,376
    2022-01-01 $550,000 (10.0%) $739,209 (8.3%) 1.49 1,835
    2022-02-01 $561,950 (11.8%) $737,166 (6.7%) 1.46 1,923
    2022-03-01 $573,950 (12.1%) $737,757 (7.8%) 1.44 2,142
    2022-04-01 $585,000 (11.4%) $754,828 (8.9%) 1.39 2,343
    2022-05-01 $597,450 (8.7%) $760,144 (6.0%) 1.37 3,414
    2022-06-01 $599,995 (8.1%) $762,564 (4.9%) 1.34 4,391
    2022-07-01 $599,000 (7.9%) $754,182 (3.1%) 1.35 5,649
    2022-08-01 $590,500 (7.4%) $746,184 (3.2%) 1.37 5,810
    2022-09-01 $589,900 (7.3%) $761,963 (5.2%) 1.38 5,839
    2022-10-01 $579,900 (5.4%) $760,826 (5.5%) 1.36 5,852
    2022-11-01 $582,478 (5.9%) $769,365 (6.1%) 1.40 5,511
    2022-12-01 $589,900 (7.4%) $779,861 (7.1%) 1.46 4,556
    2023-01-01 $597,450 (8.6%) $793,439 (7.3%) 1.48 3,810
    2023-02-01 $607,050 (8.0%) $812,754 (10.3%) 1.47 3,391
    2023-03-01 $614,896 (7.1%) $825,588 (11.9%) 1.45 3,384
    2023-04-01 $629,000 (7.5%) $834,101 (10.5%) 1.46 3,543
    2023-05-01 $639,687 (7.1%) $829,802 (9.2%) 1.45 4,148
    2023-06-01 $640,000 (6.7%) $824,741 (8.2%) 1.44 4,745
    2023-07-01 $639,900 (6.8%) $826,915 (9.6%) 1.45 5,311
    2023-08-01 $637,725 (8.0%) $826,434 (10.8%) 1.46 5,503
    2023-09-01 $625,000 (6.0%) $811,158 (6.5%) 1.46 5,656
    2023-10-01 $619,995 (6.9%) $806,580 (6.0%) 1.46 5,748
    2023-11-01 $603,725 (3.7%) $795,828 (3.4%) 1.44 5,587
    2023-12-01 $600,000 (1.7%) $799,713 (2.6%) 1.46 4,897
    2024-01-01 $603,772 (1.1%) $804,123 (1.4%) 1.47 4,261
    2024-02-01 $600,000 (-1.2%) $802,232 (-1.3%) 1.44 4,106
    2024-03-01 $605,000 (-1.6%) $806,258 (-2.3%) 1.42 4,288
    2024-04-01 $615,000 (-2.2%) $811,500 (-2.7%) 1.43 4,871
    2024-05-01 $625,000 (-2.3%) $830,141 (0.0%) 1.41 5,684
    2024-06-01 $625,000 (-2.3%) $824,483 (0.0%) 1.40 6,384
    2024-07-01 $617,497 (-3.5%) $803,217 (-2.9%) 1.41 6,898
    2024-08-01 $615,000 (-3.6%) $794,214 (-3.9%) 1.43 7,085
    2024-09-01 $604,890 (-3.2%) $788,538 (-2.8%) 1.42 7,233
    2024-10-01 $602,375 (-2.8%) $781,657 (-3.1%) 1.42 7,074
    Portland's median listing price for 2024-10-01 was $602,375, a difference of $-17,620 (-2.8%) versus the prior year and $-2,515 versus the prior month.

    Portland's median listing price comes in at 142% of the national average.

    Portland's average listing price for 2024-10-01 was $781,657, a difference of $-24,923 (-3.1%) versus the prior year and $-6,881 versus the prior month.

    For the 2024-10-01 period, Portland had 7,074 MLS listings, a difference of -159 listings (-2%) versus the prior month and 1,326 listings (23%) 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 2,269 sqft
    2018-02-01 42 days 2,276 sqft
    2018-03-01 34 days 2,273 sqft
    2018-04-01 30 days 2,278 sqft
    2018-05-01 30 days 2,279 sqft
    2018-06-01 32 days 2,250 sqft
    2018-07-01 37 days 2,219 sqft
    2018-08-01 38 days 2,190 sqft
    2018-09-01 44 days 2,159 sqft
    2018-10-01 49 days 2,145 sqft
    2018-11-01 56 days 2,150 sqft
    2018-12-01 67 days 2,144 sqft
    2019-01-01 69 days 2,139 sqft
    2019-02-01 47 days 2,156 sqft
    2019-03-01 39 days 2,146 sqft
    2019-04-01 35 days 2,133 sqft
    2019-05-01 32 days 2,141 sqft
    2019-06-01 36 days 2,159 sqft
    2019-07-01 39 days 2,151 sqft
    2019-08-01 43 days 2,137 sqft
    2019-09-01 47 days 2,131 sqft
    2019-10-01 50 days 2,113 sqft
    2019-11-01 61 days 2,100 sqft
    2019-12-01 74 days 2,098 sqft
    2020-01-01 74 days 2,113 sqft
    2020-02-01 55 days 2,112 sqft
    2020-03-01 42 days 2,096 sqft
    2020-04-01 43 days 2,097 sqft
    2020-05-01 53 days 2,107 sqft
    2020-06-01 50 days 2,121 sqft
    2020-07-01 43 days 2,107 sqft
    2020-08-01 42 days 2,102 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 1,903 sqft
    2021-04-01 30 days 1,912 sqft
    2021-05-01 30 days 1,947 sqft
    2021-06-01 27 days 1,975 sqft
    2021-07-01 33 days 1,978 sqft
    2021-08-01 37 days 1,965 sqft
    2021-09-01 40 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 1,852 sqft
    2022-02-01 28 days 1,832 sqft
    2022-03-01 28 days 1,835 sqft
    2022-04-01 26 days 1,851 sqft
    2022-05-01 23 days 1,929 sqft
    2022-06-01 24 days 1,982 sqft
    2022-07-01 30 days 2,001 sqft
    2022-08-01 37 days 2,002 sqft
    2022-09-01 44 days 1,996 sqft
    2022-10-01 44 days 1,989 sqft
    2022-11-01 51 days 1,995 sqft
    2022-12-01 65 days 2,001 sqft
    2023-01-01 72 days 2,021 sqft
    2023-02-01 53 days 2,039 sqft
    2023-03-01 44 days 2,043 sqft
    2023-04-01 37 days 2,064 sqft
    2023-05-01 34 days 2,088 sqft
    2023-06-01 34 days 2,094 sqft
    2023-07-01 38 days 2,111 sqft
    2023-08-01 41 days 2,112 sqft
    2023-09-01 45 days 2,080 sqft
    2023-10-01 48 days 2,057 sqft
    2023-11-01 54 days 2,024 sqft
    2023-12-01 66 days 2,004 sqft
    2024-01-01 71 days 2,006 sqft
    2024-02-01 55 days 1,998 sqft
    2024-03-01 45 days 1,996 sqft
    2024-04-01 39 days 2,009 sqft
    2024-05-01 36 days 2,027 sqft
    2024-06-01 40 days 2,034 sqft
    2024-07-01 47 days 2,019 sqft
    2024-08-01 51 days 2,014 sqft
    2024-09-01 58 days 2,010 sqft
    2024-10-01 62 days 2,012 sqft
    Portland's median listing age (time on market) for 2024-10-01 was 62 days. This is 29% longer than the same period one year ago.

    Portland's median square footage for active listings during the 2024-10-01 period was 2,012 sqft. One year prior, the average listing was 2,057 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.