Prineville VA Loan Rates, Closing Costs & Stats

Prineville, OR

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.