Oregon VA Loan Rates, Closing Costs & Stats

Oregon

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    • 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 -0.28% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2023-11-17) was 6.66% and one month ago for the week of 2023-10-20, the average rate was 7.29%.

    The average rate one year ago was 6.11%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.52%.

    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.