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 0.06% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.56% and one month ago for the week of 2024-10-11, the average rate was 6.13%.

    The average rate one year ago was 7.32%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.56%.

    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.