Prineville VA Loan Rates, Closing Costs & Stats

Prineville, OR

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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.

    Prineville's 25 lenders originated 52 VA loans during 2023. The total origination value was $23,750,000, with an average VA loan value of $456,731.

    Prineville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Prineville averaged -0.22% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Prineville's average VA mortgage closing costs are $7,163.

    The average rate for the prior week (2024-11-08) was 6.09% and one month ago for the week of 2024-10-11, the average rate was 5.66%.

    The average rate one year ago was 7.35%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.1%.

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

    Prineville 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 Prineville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 7 6.86% $7,747
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 4 7.25% $17,045
    UNITED WHOLESALE MORTGAGE, LLC 4 6.14% $17,170
    MANN FINANCIAL INC. 4 6.66% $11,640
    GUILD MORTGAGE COMPANY 3 6.33% $9,545
    FREEDOM MORTGAGE CORPORATION 3 6.88% $13,090
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 5.79% $19,387
    NATIONS DIRECT MORTGAGE, LLC 2 6.00% $10,710
    NEWREZ LLC 2 6.19% $6,332
    PENNYMAC LOAN SERVICES, LLC 2 6.00% $8,829
    QUICKEN LOANS, LLC 2 6.81% $18,493
    DHI MORTGAGE COMPANY, LTD. 2 5.69% $3,040
    LEADERONE FINANCIAL CORPORATION 1 6.50% $19,566
    LOANDEPOT.COM, LLC 1 6.25% $11,508
    Magnolia Bank 1 5.50% $16,452
    CHURCHILL MORTGAGE CORPORATION 1 5.75% $10,749
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.38% $14,550
    Nations Lending Corporation 1 5.63% $17,507
    NAVY FEDERAL CREDIT UNION 1 5.00% $14,305
    CMG MORTGAGE, INC. 1 7.25% $5,667
    CARDINAL FINANCIAL 1 6.50% $6,460
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $8,200
    GENEVA FINANCIAL, LLC 1 6.25% $16,098
    GUARANTEED RATE, INC. 1 5.25% $18,812
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $15,996

    The top Prineville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 7 VA loans originated. Their average total fees are $7,747, which is $9,298 lower than the next largest lender, EVERGREEN MONEYSOURCE MORTGAGE COMPANY.

    The lowest fee Prineville VA lenders (with over 10 loans originated) are .

    The lowest rate Prineville VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Prineville (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 $357,500 (-3.1%) $594,156 (1.4%) 0.00 109
    2018-02-01 $359,175 (-0.7%) $562,357 (4.9%) 0.00 114
    2018-03-01 $339,900 (-1.8%) $533,954 (7.3%) 0.00 122
    2018-04-01 $332,925 (-4.7%) $536,982 (16.4%) 0.00 131
    2018-05-01 $368,650 (-1.7%) $563,869 (15.2%) 0.00 133
    2018-06-01 $375,000 (-6.0%) $570,805 (13.5%) 0.00 136
    2018-07-01 $364,950 (-6.4%) $547,945 (6.4%) 0.00 154
    2018-08-01 $351,975 (-7.0%) $512,721 (2.5%) 0.00 174
    2018-09-01 $359,900 (-2.3%) $509,699 (-4.4%) 0.00 183
    2018-10-01 $364,925 (-2.3%) $516,596 (-6.0%) 0.00 181
    2018-11-01 $393,000 (3.1%) $533,894 (-9.3%) 0.00 170
    2018-12-01 $390,000 (13.2%) $532,078 (-7.9%) 0.00 167
    2019-01-01 $373,750 (4.6%) $532,702 (-10.3%) 0.00 142
    2019-02-01 $382,000 (6.4%) $570,588 (1.5%) 0.00 143
    2019-03-01 $399,357 (17.5%) $594,438 (11.3%) 0.00 139
    2019-04-01 $421,200 (26.5%) $605,161 (12.7%) 0.00 136
    2019-05-01 $422,450 (14.6%) $603,744 (7.1%) 0.00 147
    2019-06-01 $407,250 (8.6%) $560,317 (-1.8%) 0.00 183
    2019-07-01 $404,925 (11.0%) $560,940 (2.4%) 0.00 192
    2019-08-01 $412,664 (17.2%) $745,383 (45.4%) 0.00 190
    2019-09-01 $416,734 (15.8%) $750,567 (47.3%) 0.00 195
    2019-10-01 $409,448 (12.2%) $740,895 (43.4%) 0.00 191
    2019-11-01 $399,950 (1.8%) $747,250 (40.0%) 0.00 167
    2019-12-01 $388,500 (-0.4%) $791,884 (48.8%) 0.00 144
    2020-01-01 $394,750 (5.6%) $811,956 (52.4%) 0.00 131
    2020-02-01 $383,500 (0.4%) $822,325 (44.1%) 0.00 123
    2020-03-01 $403,000 (0.9%) $811,758 (36.6%) 0.00 138
    2020-04-01 $395,725 (-6.1%) $772,808 (27.7%) 0.00 157
    2020-05-01 $407,000 (-3.7%) $787,775 (30.5%) 0.00 144
    2020-06-01 $439,000 (7.8%) $864,508 (54.3%) 0.00 117
    2020-07-01 $480,500 (18.7%) $906,224 (61.6%) 0.00 98
    2020-08-01 $429,900 (4.2%) $922,462 (23.8%) 0.00 80
    2020-09-01 $420,000 (0.8%) $881,021 (17.4%) 0.00 79
    2020-10-01 $429,900 (5.0%) $928,582 (25.3%) 0.00 64
    2020-11-01 $439,500 (9.9%) $1,020,253 (36.5%) 0.00 59
    2020-12-01 $410,250 (5.6%) $1,039,597 (31.3%) 0.00 51
    2021-01-01 $426,700 (8.1%) $1,209,400 (49.0%) 0.00 43
    2021-02-01 $470,725 (22.7%) $1,360,083 (65.4%) 0.00 36
    2021-03-01 $453,250 (12.5%) $1,357,909 (67.3%) 0.00 38
    2021-04-01 $522,225 (32.0%) $1,435,406 (85.7%) 0.00 38
    2021-05-01 $675,000 (65.9%) $1,503,619 (90.9%) 0.00 36
    2021-06-01 $533,723 (21.6%) $1,336,266 (54.6%) 0.00 47
    2021-07-01 $512,498 (6.7%) $1,230,892 (35.8%) 0.00 58
    2021-08-01 $494,250 (15.0%) $1,055,492 (14.4%) 0.00 71
    2021-09-01 $557,975 (32.9%) $1,077,668 (22.3%) 0.00 80
    2021-10-01 $574,000 (33.5%) $998,302 (7.5%) 0.00 109
    2021-11-01 $535,500 (21.8%) $1,025,795 (0.5%) 0.00 98
    2021-12-01 $544,225 (32.7%) $1,067,374 (2.7%) 0.00 78
    2022-01-01 $647,500 (51.8%) $1,251,550 (3.5%) 0.00 63
    2022-02-01 $596,200 (26.7%) $1,268,580 (-6.7%) 0.00 63
    2022-03-01 $584,950 (29.1%) $1,198,693 (-11.7%) 0.00 71
    2022-04-01 $577,450 (10.6%) $1,050,422 (-26.8%) 0.00 80
    2022-05-01 $591,175 (-12.4%) $1,057,849 (-29.7%) 0.00 87
    2022-06-01 $569,975 (6.8%) $1,002,047 (-25.0%) 0.00 117
    2022-07-01 $554,000 (8.1%) $935,845 (-24.0%) 0.00 139
    2022-08-01 $559,975 (13.3%) $953,803 (-9.6%) 0.00 147
    2022-09-01 $548,975 (-1.6%) $911,197 (-15.5%) 0.00 162
    2022-10-01 $549,450 (-4.3%) $890,152 (-10.8%) 0.00 153
    2022-11-01 $519,449 (-3.0%) $874,067 (-14.8%) 0.00 151
    2022-12-01 $499,900 (-8.1%) $904,258 (-15.3%) 0.00 137
    2023-01-01 $527,224 (-18.6%) $925,360 (-26.1%) 0.00 137
    2023-02-01 $525,000 (-11.9%) $923,002 (-27.2%) 0.00 140
    2023-03-01 $495,950 (-15.2%) $938,075 (-21.7%) 0.00 129
    2023-04-01 $499,900 (-13.4%) $964,200 (-8.2%) 0.00 127
    2023-05-01 $497,175 (-15.9%) $987,044 (-6.7%) 0.00 125
    2023-06-01 $542,000 (-4.9%) $1,016,673 (1.5%) 0.00 136
    2023-07-01 $577,000 (4.2%) $1,047,834 (12.0%) 0.00 158
    2023-08-01 $576,500 (3.0%) $1,013,545 (6.3%) 0.00 163
    2023-09-01 $599,900 (9.3%) $1,045,712 (14.8%) 0.00 155
    2023-10-01 $606,250 (10.3%) $1,039,271 (16.8%) 0.00 150
    2023-11-01 $572,225 (10.2%) $985,626 (12.8%) 0.00 151
    2023-12-01 $592,000 (18.4%) $1,011,436 (11.9%) 0.00 130
    2024-01-01 $599,225 (13.7%) $1,054,074 (13.9%) 0.00 111
    2024-02-01 $579,000 (10.3%) $1,044,048 (13.1%) 0.00 114
    2024-03-01 $562,450 (13.4%) $987,567 (5.3%) 0.00 109
    2024-04-01 $587,500 (17.5%) $933,038 (-3.2%) 0.00 115
    2024-05-01 $648,750 (30.5%) $993,272 (0.6%) 0.00 122
    2024-06-01 $648,000 (19.6%) $976,501 (-4.0%) 0.00 140
    2024-07-01 $611,850 (6.0%) $927,213 (-11.5%) 0.00 168
    2024-08-01 $650,000 (12.8%) $966,977 (-4.6%) 0.00 173
    2024-09-01 $648,975 (8.2%) $939,644 (-10.1%) 0.00 195
    2024-10-01 $630,167 (4.0%) $920,769 (-11.4%) 0.00 209
    Prineville's median listing price for 2024-10-01 was $630,167, a difference of $23,917 (4.0%) versus the prior year and $-18,808 versus the prior month.

    Prineville's median listing price comes in at 0% of the national average.

    Prineville's average listing price for 2024-10-01 was $920,769, a difference of $-118,502 (-11.4%) versus the prior year and $-18,875 versus the prior month.

    For the 2024-10-01 period, Prineville had 209 MLS listings, a difference of 14 listings (7%) versus the prior month and 59 listings (39%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Prineville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,903 sqft
    2018-02-01 0 days 1,894 sqft
    2018-03-01 0 days 1,845 sqft
    2018-04-01 0 days 1,884 sqft
    2018-05-01 0 days 1,909 sqft
    2018-06-01 0 days 1,932 sqft
    2018-07-01 0 days 1,916 sqft
    2018-08-01 0 days 1,859 sqft
    2018-09-01 0 days 1,900 sqft
    2018-10-01 0 days 1,870 sqft
    2018-11-01 0 days 1,913 sqft
    2018-12-01 0 days 1,910 sqft
    2019-01-01 0 days 1,879 sqft
    2019-02-01 0 days 1,903 sqft
    2019-03-01 0 days 1,915 sqft
    2019-04-01 0 days 1,921 sqft
    2019-05-01 0 days 1,947 sqft
    2019-06-01 0 days 1,950 sqft
    2019-07-01 0 days 1,989 sqft
    2019-08-01 0 days 2,049 sqft
    2019-09-01 0 days 2,049 sqft
    2019-10-01 0 days 2,045 sqft
    2019-11-01 0 days 2,042 sqft
    2019-12-01 0 days 1,945 sqft
    2020-01-01 0 days 2,009 sqft
    2020-02-01 0 days 1,942 sqft
    2020-03-01 0 days 1,943 sqft
    2020-04-01 0 days 1,934 sqft
    2020-05-01 0 days 1,944 sqft
    2020-06-01 0 days 1,953 sqft
    2020-07-01 0 days 2,005 sqft
    2020-08-01 0 days 1,940 sqft
    2020-09-01 0 days 1,894 sqft
    2020-10-01 0 days 1,917 sqft
    2020-11-01 0 days 1,848 sqft
    2020-12-01 0 days 1,767 sqft
    2021-01-01 0 days 1,777 sqft
    2021-02-01 0 days 1,924 sqft
    2021-03-01 0 days 1,867 sqft
    2021-04-01 0 days 2,029 sqft
    2021-05-01 0 days 2,276 sqft
    2021-06-01 0 days 1,821 sqft
    2021-07-01 0 days 1,740 sqft
    2021-08-01 0 days 1,905 sqft
    2021-09-01 0 days 1,918 sqft
    2021-10-01 0 days 1,880 sqft
    2021-11-01 0 days 1,852 sqft
    2021-12-01 0 days 1,828 sqft
    2022-01-01 0 days 1,824 sqft
    2022-02-01 0 days 1,711 sqft
    2022-03-01 0 days 1,850 sqft
    2022-04-01 0 days 1,800 sqft
    2022-05-01 0 days 1,879 sqft
    2022-06-01 0 days 1,896 sqft
    2022-07-01 0 days 1,836 sqft
    2022-08-01 0 days 1,888 sqft
    2022-09-01 0 days 1,863 sqft
    2022-10-01 0 days 1,874 sqft
    2022-11-01 0 days 1,853 sqft
    2022-12-01 0 days 1,883 sqft
    2023-01-01 0 days 2,018 sqft
    2023-02-01 0 days 1,988 sqft
    2023-03-01 0 days 1,928 sqft
    2023-04-01 0 days 1,927 sqft
    2023-05-01 0 days 1,871 sqft
    2023-06-01 0 days 1,873 sqft
    2023-07-01 0 days 1,933 sqft
    2023-08-01 0 days 1,889 sqft
    2023-09-01 0 days 1,927 sqft
    2023-10-01 0 days 1,950 sqft
    2023-11-01 0 days 1,910 sqft
    2023-12-01 0 days 1,932 sqft
    2024-01-01 0 days 2,005 sqft
    2024-02-01 0 days 2,061 sqft
    2024-03-01 0 days 2,015 sqft
    2024-04-01 0 days 2,063 sqft
    2024-05-01 0 days 2,083 sqft
    2024-06-01 0 days 2,042 sqft
    2024-07-01 0 days 1,940 sqft
    2024-08-01 0 days 1,968 sqft
    2024-09-01 0 days 1,991 sqft
    2024-10-01 0 days 1,966 sqft
    Prineville's median listing age (time on market) for 2024-10-01 was 0 days.

    Prineville's median square footage for active listings during the 2024-10-01 period was 1,966 sqft. One year prior, the average listing was 1,950 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.