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 36 lenders originated 80 VA loans during 2022. The total origination value was $32,200,000, with an average VA loan value of $402,500.

    Prineville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Prineville averaged -0.27% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Prineville's average VA mortgage closing costs are $6,815.

    The average rate for the prior week (2023-11-17) was 6.87% and one month ago for the week of 2023-10-20, the average rate was 6.8%.

    The average rate one year ago was 6.22%.

    For refis of the same type during the week of 2023-11-24, the average rate was 0%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 8 4.62% $6,693
    LOANDEPOT.COM, LLC 5 4.07% $18,925
    MANN FINANCIAL INC. 5 5.38% $13,837
    QUICKEN LOANS, LLC 4 4.41% $7,622
    PENNYMAC LOAN SERVICES, LLC 3 2.54% $8,898
    UNITED WHOLESALE MORTGAGE, LLC 3 4.33% $6,651
    FREEDOM MORTGAGE CORPORATION 3 3.42% $15,727
    USAA Federal Savings Bank 3 4.63% $6,343
    Umpqua Bank 3 4.21% $6,243
    GUILD MORTGAGE COMPANY 3 3.96% $10,131
    CROSSCOUNTRY MORTGAGE, LLC 3 4.71% $7,495
    ACADEMY MORTGAGE CORPORATION 2 5.56% $7,717
    AMERISAVE MORTGAGE CORPORATION 2 4.56% $16,328
    CALIBER HOME LOANS, INC. 2 4.25% $8,546
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 4.93% $18,454
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.94% $15,547
    Gateway First Bank 2 4.13% $17,922
    GENEVA FINANCIAL, LLC 2 4.50% $12,349
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.69% $12,098
    HOME POINT FINANCIAL CORPORATION 2 3.63% $9,797
    NATIONS DIRECT MORTGAGE, LLC 2 3.19% $7,171
    Golden Empire Mortgage, Inc. 1 3.25% $2,762
    MOUNTAIN WEST FINANCIAL, INC. 1 3.13% $7,487
    Mr. Cooper ( Nationstar Mortgage ) 1 2.75% $2,808
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.00% $14,169
    VILLAGE CAPITAL MORTGAGE 1 4.25% $15,132
    DIRECTORS MORTGAGE, INC. 1 2.99% $36,791
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.99% $14,040
    Cornerstone First Mortgage, Inc 1 3.88% $5,447
    SUMMIT FUNDING, INC. 1 7.25% $2,930
    Texana Bank 1 4.00% $6,585
    The Federal Savings Bank 1 4.75% $8,740
    CARDINAL FINANCIAL 1 3.25% $15,013
    Barrington Bank & Trust Company, N.A. 1 5.25% $7,051
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $17,161
    Mid-Continent Funding, Inc. 1 4.63% $18,639

    The top Prineville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $6,693, which is $12,232 lower than the next largest lender, LOANDEPOT.COM, LLC.

    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 (-4.9%) $536,982 (15.6%) 0.00 131
    2018-05-01 $368,650 (-2.9%) $563,869 (14.6%) 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 $409,936 (16.5%) $745,551 (45.4%) 0.00 190
    2019-09-01 $409,916 (13.9%) $750,987 (47.3%) 0.00 194
    2019-10-01 $404,850 (10.9%) $741,436 (43.5%) 0.00 190
    2019-11-01 $399,900 (1.8%) $747,937 (40.1%) 0.00 166
    2019-12-01 $387,475 (-0.7%) $792,986 (49.0%) 0.00 143
    2020-01-01 $387,000 (3.6%) $813,298 (52.7%) 0.00 130
    2020-02-01 $382,000 (0.0%) $824,112 (44.4%) 0.00 122
    2020-03-01 $402,475 (0.8%) $813,228 (36.8%) 0.00 137
    2020-04-01 $392,175 (-6.9%) $773,852 (27.9%) 0.00 156
    2020-05-01 $405,950 (-3.9%) $789,001 (30.7%) 0.00 143
    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 $429,950 (4.9%) $921,252 (23.6%) 0.00 81
    2020-09-01 $422,000 (3.0%) $880,089 (17.2%) 0.00 80
    2020-10-01 $429,950 (6.2%) $926,983 (25.0%) 0.00 65
    2020-11-01 $444,500 (11.2%) $1,016,529 (35.9%) 0.00 60
    2020-12-01 $415,100 (7.1%) $1,035,234 (30.6%) 0.00 52
    2021-01-01 $428,500 (10.7%) $1,200,686 (47.6%) 0.00 44
    2021-02-01 $470,725 (23.2%) $1,360,083 (65.0%) 0.00 36
    2021-03-01 $453,250 (12.6%) $1,357,909 (67.0%) 0.00 38
    2021-04-01 $522,225 (33.2%) $1,435,406 (85.5%) 0.00 38
    2021-05-01 $675,000 (66.3%) $1,503,619 (90.6%) 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 (14.6%) 0.00 71
    2021-09-01 $557,975 (32.2%) $1,077,668 (22.5%) 0.00 80
    2021-10-01 $574,000 (33.5%) $998,302 (7.7%) 0.00 109
    2021-11-01 $535,500 (20.5%) $1,025,795 (0.9%) 0.00 98
    2021-12-01 $544,225 (31.1%) $1,067,374 (3.1%) 0.00 78
    2022-01-01 $647,500 (51.1%) $1,251,550 (4.2%) 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%) 0.00 138
    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
    Prineville's median listing price for 2023-10-01 was $606,250, a difference of $56,800 (10.3%) versus the prior year and $6,350 versus the prior month.

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

    Prineville's average listing price for 2023-10-01 was $1,039,271, a difference of $149,119 (16.8%) versus the prior year and $-6,441 versus the prior month.

    For the 2023-10-01 period, Prineville had 150 MLS listings, a difference of -5 listings (-3%) versus the prior month and -3 listings (-2%) 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 1,942 sqft
    2020-01-01 0 days 2,001 sqft
    2020-02-01 0 days 1,940 sqft
    2020-03-01 0 days 1,940 sqft
    2020-04-01 0 days 1,931 sqft
    2020-05-01 0 days 1,942 sqft
    2020-06-01 0 days 1,953 sqft
    2020-07-01 0 days 2,005 sqft
    2020-08-01 0 days 1,943 sqft
    2020-09-01 0 days 1,903 sqft
    2020-10-01 0 days 1,917 sqft
    2020-11-01 0 days 1,858 sqft
    2020-12-01 0 days 1,773 sqft
    2021-01-01 0 days 1,813 sqft
    2021-02-01 0 days 1,944 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
    Prineville's median listing age (time on market) for 2023-10-01 was 0 days.

    Prineville's median square footage for active listings during the 2023-10-01 period was 1,950 sqft. One year prior, the average listing was 1,874 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.