La Grande Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in La Grande averaged
7.11%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.24% and
one month ago for the week of 2025-05-15, the
average rate was 7.11%.
La Grande's average rate one year ago was 7.35%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| La Grande 30 Year Fixed Rate | 2025-06-18 | 7.11% |
| La Grande 30 Year Fixed Rate Refi | 2025-06-18 | 7.41% |
| La Grande 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| La Grande 15 Year Fixed Rate Refi | 2025-06-18 | 6.06% |
| La Grande 30 Year FHA | 2025-06-18 | 0.1% |
| La Grande 30 Year FHA Refi | 2025-06-18 | 0.2% |
| La Grande 30 Year USDA | 2025-06-18 | -0.1% |
| La Grande 30 Year USDA Refi | 2025-06-18 | 0.1% |
| La Grande 30 Year VA | 2025-06-18 | -0.2% |
| La Grande 30 Year VA Refi | 2025-06-18 | -0.1% |
La Grande Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the La Grande, OR market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
La Grande Average Closing Costs & Other Stats
La Grande, OR's 35 lenders originated 351
loans during 2024. The total origination value was $79,805,000, with an average loan value of
$227,365.
La Grande's average closing costs are $5,899.
The top La Grande lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
42 loans originated. Their average total fees are
$7,075, which is $758
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee La Grande lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,075), .
The lowest rate La Grande lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.96%), .
La Grande, OR Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $18,435,000 | $18,550,000 | 0.6% | 23.2% |
| QUICKEN LOANS, LLC | $2,850,000 | $4,485,000 | 57.4% | 5.6% |
| Banner Bank | $6,695,000 | $4,140,000 | -38.2% | 5.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,905,000 | $3,955,000 | -42.7% | 5.0% |
| Umpqua Bank | $5,330,000 | $3,590,000 | -32.6% | 4.5% |
| GUILD MORTGAGE COMPANY | $830,000 | $3,540,000 | 326.5% | 4.4% |
| S1L, Inc. | $3,270,000 | n/a | 4.1% | |
| U.S. Bank | $3,325,000 | $2,565,000 | -22.9% | 3.2% |
| NEWREZ LLC | $880,000 | $2,220,000 | 152.3% | 2.8% |
| Mortgage Research Center, LLC | $1,905,000 | $1,785,000 | -6.3% | 2.2% |
| HORIZON | $555,000 | $1,695,000 | 205.4% | 2.1% |
| LOANDEPOT.COM, LLC | $1,080,000 | $1,620,000 | 50.0% | 2.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $285,000 | $1,525,000 | 435.1% | 1.9% |
| Northwest Farm Credit Services, FLCA | $410,000 | $1,505,000 | 267.1% | 1.9% |
| USAA Federal Savings Bank | $345,000 | $1,440,000 | 317.4% | 1.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $940,000 | $1,360,000 | 44.7% | 1.7% |
| AMERICAN FINANCIAL RESOURCES, INC. | $265,000 | $1,235,000 | 366.0% | 1.5% |
| PENNYMAC LOAN SERVICES, LLC | $495,000 | $1,145,000 | 131.3% | 1.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,640,000 | $1,040,000 | -36.6% | 1.3% |
| Century Mortgage Company DBA Century Lending Company | $995,000 | n/a | 1.2% | |
| CROSSCOUNTRY MORTGAGE, LLC | $235,000 | $950,000 | 304.3% | 1.2% |
| OnPoint Community Credit Union | $730,000 | $945,000 | 29.5% | 1.2% |
| NAVY FEDERAL CREDIT UNION | $405,000 | $940,000 | 132.1% | 1.2% |
| CMG MORTGAGE, INC. | $930,000 | n/a | 1.2% | |
| NATIONS DIRECT MORTGAGE, LLC | $480,000 | $865,000 | 80.2% | 1.1% |
| Wells Fargo Bank | $1,565,000 | $845,000 | -46.0% | 1.1% |
| Sierra Pacific Mortgage Company, Inc. | $655,000 | $805,000 | 22.9% | 1.0% |
| Bank of Eastern Oregon | $530,000 | $705,000 | 33.0% | 0.9% |
| LAKEVIEW LOAN SERVICING, LLC | $700,000 | n/a | 0.9% | |
| First Federal Bank | $610,000 | n/a | 0.8% | |
| NEW DAY FINANCIAL, LLC | $275,000 | $600,000 | 118.2% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $590,000 | n/a | 0.7% | |
| NBKC BANK | $585,000 | n/a | 0.7% | |
| Washington Federal Bank | $490,000 | $565,000 | 15.3% | 0.7% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $190,000 | $515,000 | 171.1% | 0.6% |
| Flagstar Bank, FSB | $780,000 | $405,000 | -48.1% | 0.5% |
| VILLAGE CAPITAL MORTGAGE | $335,000 | $395,000 | 17.9% | 0.5% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $385,000 | n/a | 0.5% | |
| AMERICAN FINANCIAL NETWORK, INC. | $375,000 | n/a | 0.5% | |
| 21ST MORTGAGE CORPORATION | $85,000 | $360,000 | 323.5% | 0.5% |
| Bank of America | $65,000 | $355,000 | 446.2% | 0.4% |
| PLANET HOME LENDING, LLC | $285,000 | n/a | 0.4% | |
| Credence Funding Corporation | $275,000 | n/a | 0.3% | |
| KeyBank | $245,000 | n/a | 0.3% | |
| NEXERA HOLDING LLC | $205,000 | $245,000 | 19.5% | 0.3% |
| Potlatch No. 1 Financial Credit Union | $140,000 | $245,000 | 75.0% | 0.3% |
| BAYSHORE MORTGAGE FUNDING, LLC | $225,000 | n/a | 0.3% | |
| MOVEMENT MORTGAGE, LLC | $410,000 | $225,000 | -45.1% | 0.3% |
| BROKER SOLUTIONS, INC. | $285,000 | $215,000 | -24.6% | 0.3% |
| SUN WEST MORTGAGE COMPANY, INC. | $215,000 | n/a | 0.3% | |
| Carrington Mortgage Services, LLC | $185,000 | n/a | 0.2% | |
| M&T Bank | $330,000 | $175,000 | -47.0% | 0.2% |
| Rivermark Community Credit Union | $160,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $420,000 | $155,000 | -63.1% | 0.2% |
| SPOKANE TEACHERS | $45,000 | $145,000 | 222.2% | 0.2% |
| Coastal Community Bank | $65,000 | $130,000 | 100.0% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $125,000 | n/a | 0.2% | |
| NFM, INC. | $115,000 | n/a | 0.1% | |
| FIRST COMMUNITY | $385,000 | $110,000 | -71.4% | 0.1% |
| SPRING EQ, LLC | $110,000 | n/a | 0.1% | |
| HAPO COMMUNITY CREDIT UNION | $95,000 | n/a | 0.1% | |
| HomeStreet Bank | $95,000 | n/a | 0.1% | |
| Consolidated Federal Credit Union | $105,000 | $85,000 | -19.0% | 0.1% |
| MOUNTAIN AMERICA | $355,000 | $85,000 | -76.1% | 0.1% |
| Figure Lending LLC | $125,000 | $80,000 | -36.0% | 0.1% |
| GESA | $75,000 | n/a | 0.1% | |
| SELCO COMMUNITY | $55,000 | n/a | 0.1% | |
| Discover Bank | $55,000 | $35,000 | -36.4% | 0.0% |
| iQ Credit Union | $55,000 | $25,000 | -54.5% | 0.0% |
La Grande's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 23.2% market share. In second place, with 5.6%, is QUICKEN LOANS, LLC, having originated $4,485,000 in loans. In third place, with 5.2%, is Banner Bank, having originated $4,140,000 in loans. In fourth place, with 5.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $3,955,000 in loans. In fifth place, with 4.5%, is Umpqua Bank, having originated $3,590,000 in loans.
La Grande, OR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 187 | $52,285,000 | $279,599 |
| Cash Out Refi | 52 | $10,820,000 | $208,077 |
| Home Improvement | 43 | $3,205,000 | $74,535 |
| Other | 35 | $3,305,000 | $94,429 |
| Refi | 34 | $10,190,000 | $299,706 |
La Grande's most frequently cited loan purpose was Home Purchase, with 187 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 134 | $38,230,000 | $285,299 |
| Over 8% | 86 | $9,940,000 | $115,581 |
| 7-8% | 58 | $14,560,000 | $251,034 |
| 5-6% | 56 | $14,440,000 | $257,857 |
| 4-5% | 10 | $1,370,000 | $137,000 |
| <2.5% | 1 | $5,000 | $5,000 |
| 3-4% | 1 | $155,000 | $155,000 |
| 2.5-3% | 1 | $195,000 | $195,000 |
During 2024, La Grande's most frequently originated rate bucket was 6-7%, with 134 originations.
Loan Sizing (La Grande, OR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 164 | $46,880,000 | $285,854 |
| $100,000 or less | 81 | $4,435,000 | $54,753 |
| $100k-200k | 73 | $10,695,000 | $146,507 |
| $400k-600k | 27 | $12,685,000 | $469,815 |
| $600k-1000k | 5 | $3,605,000 | $721,000 |
| $Over $1MM | 1 | $1,505,000 | $1,505,000 |
La Grande's loan sizing saw the bucket of loans from $200k-400k with 164 originations, totaling $46,880,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 136 | $41,520,000 | $305,294 |
| 60-80% | 74 | $20,940,000 | $282,973 |
| Under 20% | 52 | $2,520,000 | $48,462 |
| 20-40% | 47 | $5,135,000 | $109,255 |
| 40-60% | 27 | $5,465,000 | $202,407 |
| Over 100% | 4 | $1,450,000 | $362,500 |
La Grande's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 136 originations, totaling $41,520,000 in origination value.