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Oregon VA Loans

  • Buy a Home with 0% Down
  • Refinance to Lower Monthly Payments
  • Lower your monthly payment
  • Easy to Qualify
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Secure a VA Mortgage in Oregon

Veterans of the US Armed Services who live or plan to live in the state of Oregon can take advantage of an Oregon VA loan to help fund their home purchase or refinance.  All veterans who have served at least 90 consecutive days in the military and who have not been dishonorably discharged are eligible to receive a home loan backed by the Department of Veteran Affairs (VA).

Jump to: Eligibility | Loan Limits

What is the VA Loan?

The VA loan program was developed with the intent to help veterans transition into homeownership with ease and simplicity.  It’s fitting that the men and women who have served this nation be rewarded with additional living benefits, and a VA loan is just this sort of benefit.  VA loans have many advantages over conventional loans, making them highly preferable for individuals who qualify.

The lenders who provide VA loans are the same lenders who provide all other loans, but because the loans are guaranteed by the VA, these lenders can offer more favorable rates and terms to veterans than to other borrowers.  See below for a description of the primary benefits of VA loans.

VA Loan Benefits in Oregon

The benefits of VA loans are numerous and depend, in part, upon the financial needs and goals of the individual borrower.  Still, there are some standard benefits that apply to all VA loans.

  • There is no down payment required.
  • Credit score requirements and income requirements are minimal.
  • Closing costs may be rolled into the full amount of the loan through a seller concession.
  • No private mortgage insurance requirement.  The VA backs the loan.
  • There are many different loan term lengths and types available, allowing each veteran to select the terms that best meet his or her needs.

The VA program is uniquely specialized to assist veterans and help them develop wealth through home ownership while providing stable, affordable housing.  Fill out the form above to get in touch with a mortgage professional who can help you determine what the VA program can do for you.

VA Loan Requirements and Eligibility

VA loans are restricted to veterans.  Individuals who have not served in the US Armed Forces for at least 90 consecutive days or who have been dishonorably discharged from their term of service are not eligible.

You should have a credit score of 620 or greater. 

You’ll need to obtain a certificate of eligibility from the VA office to establish and verify your position as an eligible veteran.  If you meet the above requirements, however, you should have no problem with this at all, as most all veterans qualify.  Contact a VA loan specialist in your area to determine what additional qualification requirements must be met.

VA Refinance

You can refinance your current mortgage through an Oregon VA Streamline refinance.  This program removes many of the paperwork requirements and additional fees that typically accompany a refinance, allowing veterans who qualify to replace their current home debt with a better mortgage at a lower rate.  

Another option is the VA Cash-Out refinance. The program enables borrowers to withdraw up to 100% of their home equity as cash which can be used for tuition, home renovation and more. Military or veteran borrowers who do not currently hold a VA loan can refinance into a VA mortgage using the Cash-Out option. 

Oregon VA Mortgage Rates

Mortgage rates can vary depending on the area where you live and the lender you choose to work with.  This is why research is crucial.  You must take the time to determine the best mortgage rates in your area before you select a lender to work with.  You may end up spending money unnecessarily.

VA Lenders in Oregon

Fill out the form above and we’ll match you with up to four qualified lenders in your area who can provide you with detailed information regarding mortgage rates and quotes.  This is important.  Don’t skip this step.  Contact as many local lenders as you can to find out what your options are.  You’ll also want to ask about VA loan limits in Oregon.  If you need additional information, contact the Department of Veteran Affairs.

Oregon Military Information

Many veterans have chosen to reside in Oregon.  The National Guard maintains a military installation in the state, in the city of Salem.

VA Loan Lending Limits in Oregon

Below is the list of the maximum VA loan limits for counties in Oregon:

County Loan Limit
BAKER $417,000
BENTON $417,000
CLACKAMAS $417,000
CLATSOP $417,000
COLUMBIA $417,000
COOS $417,000
CROOK $417,000
CURRY $417,000
DESCHUTES $417,000
DOUGLAS $417,000
GILLIAM $417,000
GRANT $417,000
HARNEY $417,000
HOOD RIVER $417,000
JACKSON $417,000
JEFFERSON $417,000
JOSEPHINE $417,000
KLAMATH $417,000
LAKE $417,000
LANE $417,000
LINCOLN $417,000
LINN $417,000
MALHEUR $417,000
MARION $417,000
MORROW $417,000
MULTNOMAH $417,000
POLK $417,000
SHERMAN $417,000
TILLAMOOK $417,000
UMATILLA $417,000
UNION $417,000
WALLOWA $417,000
WASCO $417,000
WASHINGTON $417,000
WHEELER $417,000
YAMHILL $417,000


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