Oregon VA Loan Rates, Closing Costs & Stats

Oregon

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.

Oregon VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Oregon averaged 6.73% for the week of 2024-07-05, compared to the national average (all VA variants) of 6.475% for the same period.

Oregon's average VA mortgage closing costs are $7,293.

The average rate for the prior week (2024-06-28) was 6.43% and one month ago for the week of 2024-05-31, the average rate was 6.96%.

The average rate one year ago was 6.8%.

For refis of the same type during the week of 2024-07-05, the average rate was 7.14%.

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

Oregon 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 Oregon level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 441 6.66% $7,624
UNITED WHOLESALE MORTGAGE, LLC 305 6.09% $9,352
QUICKEN LOANS, LLC 235 5.96% $14,309
GUILD MORTGAGE COMPANY 145 6.51% $14,830
NAVY FEDERAL CREDIT UNION 141 5.73% $7,454
NATIONS DIRECT MORTGAGE, LLC 116 6.33% $11,373
FREEDOM MORTGAGE CORPORATION 88 6.44% $16,368
NEWREZ LLC 78 6.43% $10,680
SUMMIT FUNDING, INC. 77 6.47% $8,945
LOANDEPOT.COM, LLC 71 5.90% $15,146
CROSSCOUNTRY MORTGAGE, LLC 67 6.69% $10,130
USAA Federal Savings Bank 67 6.22% $11,140
CMG MORTGAGE, INC. 65 6.32% $12,228
The Federal Savings Bank 61 6.34% $20,849
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 59 6.38% $9,427
PENNYMAC LOAN SERVICES, LLC 58 5.55% $11,463
MOVEMENT MORTGAGE, LLC 50 6.52% $9,623
S1L, Inc. 38 6.48% $12,811
Century Mortgage Company DBA Century Lending Company 38 6.12% $10,702
AMERICAN PACIFIC MORTGAGE CORPORATION 37 6.35% $15,336
MANN FINANCIAL INC. 37 6.41% $13,517
DHI MORTGAGE COMPANY, LTD. 36 5.60% $8,095
MORTGAGE EXPRESS, LLC 34 6.25% $12,205
ACADEMY MORTGAGE CORPORATION 34 6.50% $13,034
BROKER SOLUTIONS, INC. 32 6.55% $13,993
Mr. Cooper ( Nationstar Mortgage ) 31 6.04% $17,898
CALIBER HOME LOANS, INC. 30 5.94% $13,286
NEW DAY FINANCIAL, LLC 28 7.48% $16,036
ROGUE 28 6.63% $8,518
Nations Lending Corporation 27 6.43% $7,577
Paramount Residential Mortgage Group, Inc. 27 6.28% $10,726
Umpqua Bank 25 6.33% $12,580
Willamette Valley Bank 25 6.40% $11,869
VILLAGE CAPITAL MORTGAGE 24 6.31% $11,826
PACIFIC RESIDENTIAL MORTGAGE, LLC 24 6.53% $13,356
GUARANTEED RATE, INC. 24 6.27% $7,762
EAGLE HOME MORTGAGE, LLC 23 5.97% $5,475
AMERISAVE MORTGAGE CORPORATION 23 5.72% $16,496
DIRECTORS MORTGAGE, INC. 22 6.63% $15,688
Flagstar Bank, FSB 22 6.33% $10,714
Wells Fargo Bank 20 5.94% $8,762
Sierra Pacific Mortgage Company, Inc. 19 6.34% $9,215
PREMIER MORTGAGE RESOURCES, L.L.C. 18 6.41% $17,146
CANOPY MORTGAGE, LLC 17 6.67% $12,943
CARDINAL FINANCIAL 16 6.40% $14,416
Magnolia Bank 16 6.04% $20,137
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 16 6.76% $15,919
PLAZA HOME MORTGAGE, INC. 15 6.23% $11,759
MUTUAL OF OMAHA MORTGAGE, INC. 15 6.42% $14,437
LPMC, LLC 15 6.35% $11,554
PANORAMA MORTGAGE GROUP, LLC 14 6.63% $20,338
Barrington Bank & Trust Company, N.A. 14 6.24% $9,491
HOMEBRIDGE FINANCIAL SERVICES, INC. 13 5.90% $8,695
PENTAGON FEDERAL CREDIT UNION 13 5.48% $9,407
CHURCHILL MORTGAGE CORPORATION 13 6.15% $16,948
U.S. Bank 13 6.09% $7,950
Equity Prime Mortgage LLC 12 6.23% $12,975
PLANET HOME LENDING, LLC 12 5.54% $13,862
MORTGAGE SOLUTIONS OF COLORADO, LLC 11 7.35% $3,456
GoPrime Mortgage, Inc. 11 6.83% $11,477
ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 6.46% $10,295
SUMMIT MORTGAGE CORPORATION 9 6.46% $10,940
NBKC BANK 9 5.67% $6,317
Prosperity Home Mortgage, LLC 9 5.93% $15,719
VERITAS FUNDING, LLC 9 6.18% $23,338
SUCCESS MORTGAGE PARTNERS, INC. 8 6.72% $14,063
American Mortgage & Equity Consultants, Inc. 8 6.45% $13,781
BAY EQUITY LLC 8 6.62% $7,992
DAS Acquisition Company, LLC 8 6.45% $11,005
Golden Empire Mortgage, Inc. 8 6.47% $7,344
HOMEAMERICAN MORTGAGE CORPORATION 8 5.17% $6,867
JPMorgan Chase Bank 8 6.17% $5,388
MASON MCDUFFIE MORTGAGE CORPORATION 8 6.55% $13,567
OnPoint Community Credit Union 8 6.38% $5,912
Plains Commerce Bank 8 5.87% $14,307
SUN WEST MORTGAGE COMPANY, INC. 8 6.27% $11,100
LEADERONE FINANCIAL CORPORATION 7 6.52% $12,618
MOUNTAIN WEST FINANCIAL, INC. 7 6.16% $16,695
GENEVA FINANCIAL, LLC 6 6.38% $12,921
HomeStreet Bank 6 6.21% $12,072
NOVA FINANCIAL & INVESTMENT CORPORATION 6 6.71% $16,434
ENVOY MORTGAGE, LTD 6 6.54% $8,533
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.40% $17,459
SOVEREIGN LENDING GROUP INCORPORATED 6 5.56% $19,455
AMERICAN FINANCIAL NETWORK, INC. 6 5.94% $6,820
TWINSTAR 6 6.23% $5,785
UNION HOME MORTGAGE CORP. 6 6.77% $12,649
KeyBank 5 5.98% $11,097
Banner Bank 5 5.78% $8,849
SAMMAMISH MORTGAGE COMPANY 5 5.43% $13,788
First Federal Bank 5 5.95% $10,191
LAKEVIEW LOAN SERVICING, LLC 5 6.25% $10,066
South Pacific Financial Corporation 4 5.47% $10,001
BNC National Bank 4 5.66% $5,507
LOANPAL, LLC 4 5.47% $13,493
FIRST COLONY MORTGAGE CORPORATION 4 7.06% $8,933
INTERCAP LENDING INC. 4 6.28% $17,799
Franklin Loan Corporation 4 5.97% $16,168
AMERICAN FINANCIAL RESOURCES, INC. 4 6.63% $10,291
RANLIFE, INC. 4 6.50% $9,490
MLD MORTGAGE INC. 3 6.96% $5,840
NFM, INC. 3 6.83% $14,140
Ixonia Bank 3 6.88% $11,425
LADERA LENDING, INC. 3 6.13% $11,543
AMERICAN FINANCING CORPORATION 3 6.75% $17,164
RELIANCE FIRST CAPITAL, LLC 3 5.75% $21,138
North American Savings Bank, F.S.B. 3 5.42% $13,650
Hometown Equity Mortgage, LLC 3 6.33% $25,724
Cornerstone First Mortgage, Inc 3 6.92% $14,903
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.42% $5,826
Academy Bank 3 5.50% $16,788
V.I.P. MORTGAGE, INC. 3 5.67% $6,553
Waterstone Mortgage Corporation 3 5.67% $19,277
The Loan Store, Inc. 3 6.42% $10,305
Farmers Bank & Trust 3 5.54% $16,925
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.69% $4,158
Citizens Bank 2 6.00% $16,803
CHERRY CREEK MORTGAGE, LLC 2 5.69% $0
RESIDENTIAL BANCORP 2 6.44% $16,634
SECURITYNATIONAL MORTGAGE COMPANY 2 6.50% $13,904
SIRVA MORTGAGE, INC. 2 6.69% $4,938
The Central Trust Bank 2 5.50% $9,456
TruHome Solutions, LLC 2 5.50% $8,393
ISERVE RESIDENTIAL LENDING, LLC 2 6.56% $19,275
Armed Forces Bank 2 6.00% $5,093
HOMESIDE FINANCIAL, LLC 2 6.19% $8,726
PENRITH HOME LOANS LLC 2 6.94% $29,634
CORNERSTONE HOME LENDING, INC. 2 5.81% $9,529
Commerce Home Mortgage, Inc. 2 6.81% $4,627
GUARANTEED RATE AFFINITY, LLC 2 5.69% $17,016
IDAHO CENTRAL 2 5.94% $8,176
Bank of America 1 5.00% $25,186
Meridian Bank Corporation 1 6.99% $17,084
Mid-Continent Funding, Inc. 1 6.63% $11,502
HomePromise Corporation 1 7.50% $26,874
GSF Mortgage Corporation 1 5.00% $10,400
Glacier Bank 1 6.50% $10,381
M&T Bank 1 6.75% $14,924
Florida Capital Bank 1 5.63% $6,753
First Federal Bank of Kansas City 1 6.63% $825
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $15,606
NBH Bank 1 5.63% $8,040
Neighborhood Loans, Inc. 1 6.13% $11,366
NETWORK CAPITAL FUNDING CORPORATION 1 5.13% $9,838
FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.75% $29,255
FIBRE FEDERAL CREDIT UNION 1 5.99% $0
NexBank 1 6.25% $7,054
Ameris Bank 1 6.63% $15,706
OCMBC, INC. 1 7.13% $41,077
AmeriHome Mortgage Company, LLC 1 6.50% $7,667
Paramount Bank 1 6.50% $18,596
EMM LOANS LLC 1 6.75% $20,167
EMBRACE HOME LOANS, INC. 1 5.99% $9,156
PHH Mortgage Corporation 1 5.63% $8,337
PREMIA MORTGAGE, LLC 1 5.75% $9,382
Carrington Mortgage Services, LLC 1 5.13% $14,688
SECURITY HOME MORTGAGE, LLC. 1 7.25% $551
Bell Bank 1 6.75% $11,136
INROADS 1 7.63% $8,651
BELEM SERVICING LLC 1 6.63% $15,041
Bank of the Pacific 1 6.75% $4,324
THRIVE MORTGAGE, LLC 1 6.63% $15,487
TJC Mortgage, Inc. 1 5.75% $16,657
AXIA FINANCIAL, LLC 1 7.25% $18,607
Keystone Funding, Inc. 1 5.50% $20,113
LENDING 3, INC. 1 6.25% $7,762
LIBERTY HOME MORTGAGE CORPORATION 1 6.63% $14,100
HOMEXPRESS MORTGAGE CORP. 1 7.38% $17,216

The top Oregon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 441 VA loans originated. Their average total fees are $7,624, which is $1,728 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Oregon VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,456), EAGLE HOME MORTGAGE, LLC ($5,475), NAVY FEDERAL CREDIT UNION ($7,454), Nations Lending Corporation ($7,577) and Mortgage Research Center, LLC ($7,624).

The lowest rate Oregon VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (5.48%), PLANET HOME LENDING, LLC (5.54%), PENNYMAC LOAN SERVICES, LLC (5.55%), DHI MORTGAGE COMPANY, LTD. (5.60%) and AMERISAVE MORTGAGE CORPORATION (5.72%).

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.