The Dalles VA Loan Rates, Closing Costs & Stats

The Dalles, 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.

The Dalles's 20 lenders originated 32 VA loans during 2023. The total origination value was $10,970,000, with an average VA loan value of $342,813.

The Dalles VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in The Dalles averaged 0.21% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

The Dalles's average VA mortgage closing costs are $6,641.

The average rate for the prior week (2024-11-22) was 6.78% and one month ago for the week of 2024-10-25, the average rate was 6.28%.

The average rate one year ago was 7.02%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.2%.

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

The Dalles 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 The Dalles level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 6 6.58% $9,995
QUICKEN LOANS, LLC 4 6.46% $12,992
CROSSCOUNTRY MORTGAGE, LLC 3 7.04% $6,751
UNITED WHOLESALE MORTGAGE, LLC 2 6.56% $4,480
NEWREZ LLC 2 6.94% $10,517
MANN FINANCIAL INC. 1 6.00% $13,787
NATIONS DIRECT MORTGAGE, LLC 1 6.75% $5,521
NAVY FEDERAL CREDIT UNION 1 5.38% $5,961
Prosperity Home Mortgage, LLC 1 5.99% $6,744
RELIANCE FIRST CAPITAL, LLC 1 6.00% $18,890
The Federal Savings Bank 1 5.63% $15,955
THRIVE MORTGAGE, LLC 1 6.63% $15,487
USAA Federal Savings Bank 1 6.50% $3,134
VERITAS FUNDING, LLC 1 7.13% $21,043
AMERICAN FINANCIAL NETWORK, INC. 1 5.38% $17,189
VILLAGE CAPITAL MORTGAGE 1 6.75% $2,373
CALIBER HOME LOANS, INC. 1 6.75% $15,331
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $9,759
FREEDOM MORTGAGE CORPORATION 1 7.25% $2,329
GUILD MORTGAGE COMPANY 1 7.13% $5,147

The top The Dalles VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6 VA loans originated. Their average total fees are $9,995, which is $2,997 lower than the next largest lender, QUICKEN LOANS, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - The Dalles (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 $283,700 (5.9%) $325,223 (5.6%) 0.00 61
2018-02-01 $293,450 (6.7%) $336,418 (3.4%) 0.00 51
2018-03-01 $295,000 (5.7%) $345,863 (8.2%) 0.00 55
2018-04-01 $329,000 (16.7%) $357,346 (8.3%) 0.00 65
2018-05-01 $329,000 (13.6%) $369,903 (11.9%) 0.00 64
2018-06-01 $330,000 (3.6%) $381,844 (11.7%) 0.00 71
2018-07-01 $326,950 (-2.8%) $370,171 (-4.3%) 0.00 72
2018-08-01 $329,000 (-4.3%) $372,701 (-3.2%) 0.00 85
2018-09-01 $304,925 (-10.3%) $363,596 (-4.0%) 0.00 82
2018-10-01 $301,975 (-5.2%) $368,148 (-0.8%) 0.00 80
2018-11-01 $308,450 (4.3%) $381,059 (6.1%) 0.00 82
2018-12-01 $315,000 (7.9%) $395,051 (11.7%) 0.00 73
2019-01-01 $321,000 (13.2%) $384,347 (18.2%) 0.00 73
2019-02-01 $315,000 (7.3%) $382,147 (13.6%) 0.00 74
2019-03-01 $328,714 (11.4%) $386,513 (11.8%) 0.00 70
2019-04-01 $348,000 (5.8%) $405,648 (13.5%) 0.00 71
2019-05-01 $342,000 (4.0%) $420,071 (13.6%) 0.00 70
2019-06-01 $347,000 (5.2%) $416,300 (9.0%) 0.00 97
2019-07-01 $354,900 (8.6%) $428,179 (15.7%) 0.00 99
2019-08-01 $348,455 (5.9%) $430,732 (15.6%) 0.00 102
2019-09-01 $347,636 (14.0%) $435,863 (19.9%) 0.00 105
2019-10-01 $347,000 (14.9%) $435,686 (18.4%) 0.00 101
2019-11-01 $338,450 (9.7%) $431,085 (13.1%) 0.00 92
2019-12-01 $318,675 (1.2%) $420,819 (6.5%) 0.00 85
2020-01-01 $336,700 (4.9%) $440,707 (14.7%) 0.00 74
2020-02-01 $344,450 (9.4%) $446,586 (16.9%) 0.00 72
2020-03-01 $349,450 (6.3%) $461,096 (19.3%) 0.00 76
2020-04-01 $347,000 (-0.3%) $451,675 (11.4%) 0.00 85
2020-05-01 $349,000 (2.1%) $456,461 (8.7%) 0.00 85
2020-06-01 $334,700 (-3.5%) $441,045 (5.9%) 0.00 71
2020-07-01 $342,250 (-3.6%) $449,144 (4.9%) 0.00 67
2020-08-01 $349,000 (0.2%) $450,506 (4.6%) 0.00 65
2020-09-01 $349,000 (0.4%) $465,625 (6.8%) 0.00 60
2020-10-01 $349,900 (0.8%) $502,737 (15.4%) 0.00 50
2020-11-01 $374,950 (10.8%) $513,337 (19.1%) 0.00 45
2020-12-01 $365,013 (14.5%) $528,689 (25.6%) 0.00 41
2021-01-01 $401,900 (19.4%) $538,220 (22.1%) 0.00 33
2021-02-01 $386,950 (12.3%) $525,368 (17.6%) 0.00 34
2021-03-01 $394,225 (12.8%) $537,463 (16.6%) 0.00 30
2021-04-01 $444,500 (28.1%) $596,111 (32.0%) 0.00 26
2021-05-01 $389,000 (11.5%) $532,899 (16.8%) 0.00 29
2021-06-01 $382,975 (14.4%) $526,353 (19.3%) 0.00 33
2021-07-01 $393,750 (15.1%) $573,117 (27.6%) 0.00 23
2021-08-01 $417,500 (19.6%) $680,263 (51.0%) 0.00 27
2021-09-01 $422,075 (20.9%) $655,888 (40.9%) 0.00 40
2021-10-01 $492,500 (40.8%) $702,593 (39.8%) 0.00 34
2021-11-01 $477,225 (27.3%) $701,535 (36.7%) 0.00 31
2021-12-01 $489,725 (34.2%) $741,284 (40.2%) 0.00 24
2022-01-01 $489,000 (21.7%) $683,872 (27.1%) 0.00 21
2022-02-01 $413,500 (6.9%) $615,088 (17.1%) 0.00 23
2022-03-01 $431,150 (9.4%) $590,742 (9.9%) 0.00 22
2022-04-01 $447,000 (0.6%) $626,975 (5.2%) 0.00 22
2022-05-01 $480,250 (23.5%) $689,288 (29.4%) 0.00 38
2022-06-01 $474,500 (23.9%) $701,527 (33.3%) 0.00 42
2022-07-01 $440,000 (11.8%) $618,705 (8.0%) 0.00 58
2022-08-01 $415,500 (-0.5%) $590,014 (-13.3%) 0.00 60
2022-09-01 $423,750 (0.4%) $592,181 (-9.7%) 0.00 63
2022-10-01 $440,000 (-10.7%) $624,474 (-11.1%) 0.00 61
2022-11-01 $447,125 (-6.3%) $651,177 (-7.2%) 0.00 61
2022-12-01 $455,000 (-7.1%) $668,691 (-9.8%) 0.00 53
2023-01-01 $470,000 (-3.9%) $695,993 (1.8%) 0.00 48
2023-02-01 $450,000 (8.8%) $683,552 (11.1%) 0.00 49
2023-03-01 $450,000 (4.4%) $670,437 (13.5%) 0.00 51
2023-04-01 $479,000 (7.2%) $695,123 (10.9%) 0.00 49
2023-05-01 $495,000 (3.1%) $713,312 (3.5%) 0.00 52
2023-06-01 $540,000 (13.8%) $743,311 (6.0%) 0.00 57
2023-07-01 $459,900 (4.5%) $685,245 (10.8%) 0.00 58
2023-08-01 $468,250 (12.7%) $681,515 (15.5%) 0.00 62
2023-09-01 $430,000 (1.5%) $635,517 (7.3%) 0.00 63
2023-10-01 $455,000 (3.4%) $639,773 (2.5%) 0.00 63
2023-11-01 $449,000 (0.4%) $615,823 (-5.4%) 0.00 58
2023-12-01 $430,000 (-5.5%) $658,505 (-1.5%) 0.00 51
2024-01-01 $423,500 (-9.9%) $703,913 (1.1%) 0.00 44
2024-02-01 $422,500 (-6.1%) $736,001 (7.7%) 0.00 41
2024-03-01 $427,000 (-5.1%) $699,431 (4.3%) 0.00 51
2024-04-01 $429,950 (-10.2%) $665,981 (-4.2%) 0.00 61
2024-05-01 $444,500 (-10.2%) $672,061 (-5.8%) 0.00 71
2024-06-01 $484,900 (-10.2%) $694,647 (-6.6%) 0.00 83
2024-07-01 $473,725 (3.0%) $629,175 (-8.2%) 0.00 109
2024-08-01 $484,950 (3.6%) $726,459 (6.6%) 0.00 115
2024-09-01 $490,975 (14.2%) $736,420 (15.9%) 0.00 116
2024-10-01 $475,000 (4.4%) $736,352 (15.1%) 0.00 104
The Dalles's median listing price for 2024-10-01 was $475,000, a difference of $20,000 (4.4%) versus the prior year and $-15,975 versus the prior month.

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

The Dalles's average listing price for 2024-10-01 was $736,352, a difference of $96,579 (15.1%) versus the prior year and $-68 versus the prior month.

For the 2024-10-01 period, The Dalles had 104 MLS listings, a difference of -12 listings (-10%) versus the prior month and 41 listings (65%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - The Dalles (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,877 sqft
2018-02-01 0 days 1,817 sqft
2018-03-01 0 days 1,884 sqft
2018-04-01 0 days 1,910 sqft
2018-05-01 0 days 1,966 sqft
2018-06-01 0 days 2,052 sqft
2018-07-01 0 days 2,033 sqft
2018-08-01 0 days 2,009 sqft
2018-09-01 0 days 1,916 sqft
2018-10-01 0 days 1,863 sqft
2018-11-01 0 days 1,858 sqft
2018-12-01 0 days 1,940 sqft
2019-01-01 0 days 1,910 sqft
2019-02-01 0 days 1,942 sqft
2019-03-01 0 days 1,997 sqft
2019-04-01 0 days 2,003 sqft
2019-05-01 0 days 2,004 sqft
2019-06-01 0 days 1,969 sqft
2019-07-01 0 days 2,006 sqft
2019-08-01 0 days 2,021 sqft
2019-09-01 0 days 2,072 sqft
2019-10-01 0 days 2,131 sqft
2019-11-01 0 days 2,047 sqft
2019-12-01 0 days 1,949 sqft
2020-01-01 0 days 1,880 sqft
2020-02-01 0 days 1,880 sqft
2020-03-01 0 days 1,935 sqft
2020-04-01 0 days 1,880 sqft
2020-05-01 0 days 1,976 sqft
2020-06-01 0 days 1,981 sqft
2020-07-01 0 days 2,008 sqft
2020-08-01 0 days 1,924 sqft
2020-09-01 0 days 1,911 sqft
2020-10-01 0 days 1,956 sqft
2020-11-01 0 days 1,969 sqft
2020-12-01 0 days 1,910 sqft
2021-01-01 0 days 2,000 sqft
2021-02-01 0 days 2,013 sqft
2021-03-01 0 days 1,843 sqft
2021-04-01 0 days 2,098 sqft
2021-05-01 0 days 1,804 sqft
2021-06-01 0 days 1,646 sqft
2021-07-01 0 days 1,716 sqft
2021-08-01 0 days 1,985 sqft
2021-09-01 0 days 1,874 sqft
2021-10-01 0 days 2,076 sqft
2021-11-01 0 days 2,026 sqft
2021-12-01 0 days 1,915 sqft
2022-01-01 0 days 1,902 sqft
2022-02-01 0 days 1,688 sqft
2022-03-01 0 days 1,591 sqft
2022-04-01 0 days 1,750 sqft
2022-05-01 0 days 1,902 sqft
2022-06-01 0 days 1,768 sqft
2022-07-01 0 days 1,815 sqft
2022-08-01 0 days 1,794 sqft
2022-09-01 0 days 1,914 sqft
2022-10-01 0 days 1,864 sqft
2022-11-01 0 days 1,865 sqft
2022-12-01 0 days 1,880 sqft
2023-01-01 0 days 1,876 sqft
2023-02-01 0 days 1,802 sqft
2023-03-01 0 days 1,845 sqft
2023-04-01 0 days 1,815 sqft
2023-05-01 0 days 1,927 sqft
2023-06-01 0 days 1,958 sqft
2023-07-01 0 days 1,940 sqft
2023-08-01 0 days 1,930 sqft
2023-09-01 0 days 1,929 sqft
2023-10-01 0 days 1,892 sqft
2023-11-01 0 days 2,019 sqft
2023-12-01 0 days 1,932 sqft
2024-01-01 0 days 1,975 sqft
2024-02-01 0 days 1,860 sqft
2024-03-01 0 days 2,027 sqft
2024-04-01 0 days 1,918 sqft
2024-05-01 0 days 1,899 sqft
2024-06-01 0 days 1,924 sqft
2024-07-01 0 days 1,920 sqft
2024-08-01 0 days 1,982 sqft
2024-09-01 0 days 2,006 sqft
2024-10-01 0 days 2,100 sqft
The Dalles's median listing age (time on market) for 2024-10-01 was 0 days.

The Dalles's median square footage for active listings during the 2024-10-01 period was 2,100 sqft. One year prior, the average listing was 1,892 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.