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 5.93% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

Oregon's average VA mortgage closing costs are $7,073.

The average rate for the prior week (2023-05-19) was 5.95% and one month ago for the week of 2023-04-21, the average rate was 5.87%.

The average rate one year ago was 4.84%.

For refis of the same type during the week of 2023-05-26, the average rate was 4.89%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 675 4.88% $8,132
UNITED WHOLESALE MORTGAGE, LLC 418 4.13% $9,958
QUICKEN LOANS, LLC 374 3.87% $12,569
FREEDOM MORTGAGE CORPORATION 321 3.99% $12,139
CALIBER HOME LOANS, INC. 261 4.44% $9,933
NATIONS DIRECT MORTGAGE, LLC 251 4.05% $10,793
PENNYMAC LOAN SERVICES, LLC 244 3.26% $11,867
GUILD MORTGAGE COMPANY 225 4.52% $13,292
LOANDEPOT.COM, LLC 208 3.97% $13,130
NAVY FEDERAL CREDIT UNION 188 3.97% $8,958
USAA Federal Savings Bank 156 4.36% $9,366
CROSSCOUNTRY MORTGAGE, LLC 114 4.88% $11,618
The Federal Savings Bank 112 4.45% $18,396
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 110 4.69% $11,486
NEW DAY FINANCIAL, LLC 107 4.52% $13,575
CMG MORTGAGE, INC. 102 4.23% $11,002
SUMMIT FUNDING, INC. 101 4.88% $13,301
ACADEMY MORTGAGE CORPORATION 94 4.77% $13,541
Umpqua Bank 91 4.56% $10,023
HOMEBRIDGE FINANCIAL SERVICES, INC. 86 4.25% $9,592
HOME POINT FINANCIAL CORPORATION 81 3.92% $11,139
Flagstar Bank, FSB 69 4.28% $11,803
S1L, Inc. 68 4.67% $13,409
FINANCE OF AMERICA MORTGAGE LLC 67 4.46% $11,027
MORTGAGE EXPRESS, LLC 63 4.57% $13,277
Willamette Valley Bank 62 4.43% $11,684
AMERISAVE MORTGAGE CORPORATION 58 4.28% $16,305
MOVEMENT MORTGAGE, LLC 55 4.72% $8,371
MANN FINANCIAL INC. 55 4.75% $11,155
Nations Lending Corporation 52 4.78% $11,340
Sierra Pacific Mortgage Company, Inc. 49 4.07% $9,477
DIRECTORS MORTGAGE, INC. 48 4.71% $14,619
NEWREZ LLC 46 4.05% $9,839
AMERICAN PACIFIC MORTGAGE CORPORATION 46 4.65% $11,655
Mr. Cooper ( Nationstar Mortgage ) 45 4.23% $11,193
Paramount Residential Mortgage Group, Inc. 45 4.37% $9,229
PACIFIC RESIDENTIAL MORTGAGE, LLC 43 4.55% $12,405
BROKER SOLUTIONS, INC. 43 4.68% $11,255
ROGUE 40 4.45% $8,775
CHURCHILL MORTGAGE CORPORATION 37 4.95% $11,026
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 37 4.83% $13,023
Wells Fargo Bank 36 4.28% $5,962
DHI MORTGAGE COMPANY, LTD. 35 3.94% $10,113
GUARANTEED RATE, INC. 33 4.56% $9,429
Barrington Bank & Trust Company, N.A. 33 4.14% $7,939
Magnolia Bank 33 4.07% $14,571
LAKEVIEW LOAN SERVICING, LLC 32 3.41% $5,183
CLEARPATH LENDING 31 2.83% $9,149
CARDINAL FINANCIAL 31 4.26% $18,187
VILLAGE CAPITAL MORTGAGE 29 3.87% $9,350
U.S. Bank 26 4.77% $11,098
LOANPAL, LLC 23 3.29% $12,776
GENEVA FINANCIAL, LLC 23 4.13% $10,418
EAGLE HOME MORTGAGE, LLC 22 5.16% $4,985
PENTAGON FEDERAL CREDIT UNION 19 3.39% $10,532
MUTUAL OF OMAHA MORTGAGE, INC. 19 4.13% $13,797
PREMIER MORTGAGE RESOURCES, L.L.C. 19 4.91% $14,032
North American Savings Bank, F.S.B. 19 3.77% $11,943
LPMC, LLC 18 4.13% $11,007
GoPrime Mortgage, Inc. 18 4.63% $10,459
AMERICAN FINANCING CORPORATION 18 3.60% $11,345
MORTGAGE SOLUTIONS OF COLORADO, LLC 17 5.94% $12,899
PLAZA HOME MORTGAGE, INC. 17 4.31% $11,051
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 17 4.22% $11,260
Hometown Lenders, Inc. 17 5.04% $14,646
Low VA Rates, LLC 16 4.37% $16,606
CANOPY MORTGAGE, LLC 16 5.02% $15,470
Banner Bank 16 4.18% $9,086
Carrington Mortgage Services, LLC 16 4.46% $9,979
PANORAMA MORTGAGE GROUP, LLC 16 4.62% $16,907
OnPoint Community Credit Union 14 4.62% $9,390
PLANET HOME LENDING, LLC 14 4.04% $10,995
AXIA FINANCIAL, LLC 13 4.88% $10,473
Century Mortgage Company DBA Century Lending Company 13 4.37% $10,623
NETWORK CAPITAL FUNDING CORPORATION 12 3.13% $11,583
AMERICAN FINANCIAL RESOURCES, INC. 11 4.61% $8,423
Gateway First Bank 11 4.91% $20,347
SUMMIT MORTGAGE CORPORATION 11 4.20% $8,167
VERITAS FUNDING, LLC 10 4.91% $23,335
Armed Forces Bank 10 4.43% $10,031
CHERRY CREEK MORTGAGE, LLC 10 3.58% $5,999
SUN WEST MORTGAGE COMPANY, INC. 10 3.85% $9,975
Commerce Home Mortgage, Inc. 10 4.14% $12,626
SOVEREIGN LENDING GROUP INCORPORATED 10 3.65% $15,684
PRIMELENDING, A PLAINSCAPITAL COMPANY 10 4.25% $16,604
Equity Prime Mortgage LLC 10 5.29% $13,819
NBKC BANK 10 3.38% $7,215
JPMorgan Chase Bank 10 4.55% $11,017
KeyBank 10 4.61% $9,453
Mid-Continent Funding, Inc. 9 5.03% $12,955
Texana Bank 9 4.08% $9,441
MOUNTAIN WEST FINANCIAL, INC. 9 4.65% $12,324
HomeStreet Bank 8 4.19% $12,338
MASON MCDUFFIE MORTGAGE CORPORATION 8 5.40% $12,442
BAY EQUITY LLC 8 5.30% $8,274
EVERETT FINANCIAL, INC. 7 4.59% $4,896
Bank of England 7 4.23% $11,029
HOME MORTGAGE ALLIANCE, LLC 7 4.43% $7,850
Citizens Bank 7 4.45% $10,464
Golden Empire Mortgage, Inc. 7 5.00% $14,098
NORTHWEST COMMUNITY 7 3.93% $11,925
TruHome Solutions, LLC 7 3.66% $10,525
BNC National Bank 7 3.59% $10,570
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 5.17% $14,578
Wyndham Capital Mortgage, Inc. 6 4.10% $7,794
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 5.33% $4,809
First Mortgage Solutions, LLC 5 3.47% $13,116
PRIORITY HOME LENDING, LLC 5 3.75% $10,955
Prosperity Home Mortgage, LLC 5 4.08% $4,457
CONTOUR MORTGAGE CORPORATION 5 4.58% $10,425
HOMESIDE FINANCIAL, LLC 5 3.45% $7,524
SWBC MORTGAGE CORPORATION 5 4.08% $14,757
MUFG Union Bank 5 3.43% $11,958
Summit Mortgage Corporation 4 4.47% $16,715
Cornerstone First Mortgage, Inc 4 4.56% $12,232
FIRST COLONY MORTGAGE CORPORATION 4 4.84% $6,787
First Federal Bank 4 4.37% $13,090
First Federal Bank of Kansas City 4 3.09% $9,022
Franklin Loan Corporation 4 5.66% $20,093
LADERA LENDING, INC. 4 4.63% $10,638
NFM, INC. 4 5.00% $11,217
ON Q FINANCIAL, INC. 4 5.28% $9,676
Pacific Lending LLC 4 5.44% $17,200
Prime Choice Funding Inc. 4 2.94% $11,089
RANLIFE, INC. 4 3.16% $6,124
Strong Home Mortgage, LLC 4 2.66% $4,362
V.I.P. MORTGAGE, INC. 4 5.28% $8,406
PREMIA MORTGAGE, LLC 3 3.42% $3,459
The Central Trust Bank 3 4.04% $21,085
Bank of the Pacific 3 4.79% $13,109
NP, Inc. 3 2.75% $6,282
Amerifirst Financial, Inc. 3 5.38% $6,574
Ixonia Bank 3 6.13% $13,840
SECURITYNATIONAL MORTGAGE COMPANY 3 5.83% $8,911
CORNERSTONE HOME LENDING, INC. 3 5.42% $9,614
LEADERONE FINANCIAL CORPORATION 3 5.00% $20,037
South Pacific Financial Corporation 3 4.29% $14,979
BEST CAPITAL FUNDING 3 3.79% $13,419
First Guaranty Mortgage Corporation 3 2.79% $11,274
KELLER MORTGAGE, LLC 3 4.21% $6,169
Bank of America 2 3.00% $4,378
SIRVA MORTGAGE, INC. 2 5.06% $3,633
LENOX FINANCIAL MORTGAGE CORPORATION 2 4.94% $12,656
MLD MORTGAGE INC. 2 6.00% $5,806
HOMEAMERICAN MORTGAGE CORPORATION 2 3.31% $8,542
Washington Trust Bank 2 3.38% $16,174
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 5.50% $8,748
INTERCAP LENDING INC. 2 4.19% $5,501
1st Security Bank of Washington 2 5.88% $5,364
M&T Bank 2 2.50% $4,693
Sunflower Bank 2 5.88% $2,636
FIRST CENTENNIAL MORTGAGE CORPORATION 2 3.94% $12,016
CENTRAL WILLAMETTE Credit Union 2 4.25% $8,402
RELIANCE FIRST CAPITAL, LLC 2 5.13% $10,348
TJC Mortgage, Inc. 2 2.62% $11,693
OCMBC, INC. 2 3.25% $14,582
ENVOY MORTGAGE, LTD 2 3.75% $4,284
BECKAM FUNDING CORP. 2 3.63% $12,299
DRAPER AND KRAMER MORTGAGE CORP. 1 4.50% $7,939
Lend Smart Mortgage, LLC 1 7.25% $8,947
DATA MORTGAGE, INC. 1 4.88% $16,424
DAS Acquisition Company, LLC 1 6.75% $4,054
ALAMEDA MORTGAGE CORPORATION 1 3.25% $11,033
RESIDENTIAL BANCORP. 1 2.63% $29,651
Dacotah Bank 1 5.13% $19,575
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $41,400
ROYAL UNITED MORTGAGE LLC 1 2.63% $31,150
CRESCENT MORTGAGE COMPANY 1 5.25% $11,973
SAMMAMISH MORTGAGE COMPANY 1 4.50% $9,797
Community First National Bank 1 3.13% $3,213
STEARNS LENDING, LLC 1 2.25% $5,401
Academy Bank 1 5.13% $8,553
Columbia State Bank 1 3.25% $5,054
Colonial Savings, F.A. 1 5.38% $10,506
CITYWIDE HOME LOANS, LLC 1 6.00% $7,190
Chickasaw Community Bank 1 3.13% $3,245
CAPSTONE DIRECT, INC. 1 2.75% $3,250
THE MORTGAGE COMPANY 1 4.25% $6,622
TRISTAR FINANCE, INC. 1 4.99% $10,947
Capital Bank 1 4.50% $6,629
UNION HOME MORTGAGE CORP. 1 2.75% $5,430
UNITED MORTGAGE CORP. 1 3.25% $3,653
BELEM SERVICING LLC 1 2.75% $9,055
ZILLOW HOME LOANS, LLC 1 4.75% $3,659
Loan Simple, Inc. 1 3.75% $5,140
LIBERTY HOME MORTGAGE CORPORATION 1 3.88% $28,866
Meridian Bank Corporation 1 5.75% $21,111
MID AMERICA MORTGAGE, INC. 1 5.13% $3,801
MORIA DEVELOPMENT, INC. 1 5.13% $27,171
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.13% $10,303
MORTGAGEONE, INC. 1 6.75% $14,073
LAND HOME FINANCIAL SERVICES, INC. 1 4.25% $4,068
IDAHO CENTRAL 1 5.75% $1,336
iCore Lending, Inc. 1 5.63% $9,731
HomePromise Corporation 1 6.25% $25,351
NBH Bank 1 5.25% $24,327
HERITAGE GROVE Federal Credit Union 1 4.88% $10,667
GUARANTY HOME MORTGAGE CORPORATION 1 4.75% $2,894
GSF Mortgage Corporation 1 4.13% $7,758
Fortress Bank 1 3.13% $3,245
FLAT BRANCH MORTGAGE, INC. 1 4.00% $16,776
Northpointe Bank 1 4.25% $9,550
Flanagan State Bank 1 3.50% $13,816
NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.13% $11,419
First Savings Bank 1 3.25% $8,216
Waterstone Mortgage Corporation 1 5.00% $15,786
ONY GLO, INC. 1 4.75% $8,466
Opportunity Bank of Montana 1 2.75% $14,700
AMERIFIRST FINANCIAL CORPORATION 1 3.75% $9,509
First Interstate Bank 1 5.75% $5,903
First Home Bank 1 4.63% $9,490
Paramount Bank 1 3.25% $18,789
PENRITH HOME LOANS LLC 1 6.00% $16,832
FirstBank 1 3.13% $22,059
PHH Mortgage Corporation 1 4.63% $20,406
Encompass Lending Group, LP 1 7.13% $10,652
EMM LOANS LLC 1 4.13% $6,575
Presidential Bank, FSB 1 5.25% $5,686
EMBRACE HOME LOANS, INC. 1 4.49% $22,353
West Town Bank & Trust 1 4.75% $13,812

The top Oregon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 675 VA loans originated. Their average total fees are $8,132, which is $1,826 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Oregon VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($4,985), LAKEVIEW LOAN SERVICING, LLC ($5,183), Wells Fargo Bank ($5,962), CHERRY CREEK MORTGAGE, LLC ($5,999) and NBKC BANK ($7,215).

The lowest rate Oregon VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.83%), NETWORK CAPITAL FUNDING CORPORATION (3.13%), PENNYMAC LOAN SERVICES, LLC (3.26%), LOANPAL, LLC (3.29%) and NBKC BANK (3.38%).

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.