Oregon VA Loans
Deciding to purchase a house in Oregon is a huge financial decision, but with the unique benefits provided by the VA loan, your dream of homeownership just got that much easier.
With the average listing price of a home in Oregon landing at $597,202, the VA loan’s signature $0-money-down benefit is a considerable advantage for Oregon homebuyers.
See also: VA Loan Options for Other States
How to get a VA Loan in Oregon
VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.
For example, if you're purchasing a home in Salem, OR, you'll need to find a lender licensed in Oregon to do the loan.
Other Considerations for Getting a VA Loan in Oregon
VA borrowers in Oregon should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.
Oregon VA Loan Limits
VA borrowers in Oregon with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.
However, veterans without their full VA loan entitlement are still bound to Oregon’s VA loan limits.
As of January 1, 2024, VA loan limits for all counties in Oregon are $766,550.
Property Taxes in Oregon
Another consideration for VA buyers in Oregon is property taxes. For certain VA buyers, there are exemptions.
You may be eligible for a property tax exemption in Oregon if you meet one of the following conditions:
- A disabled veteran or surviving spouse may receive an exemption on their residence if the veteran is 40 percent or more disabled as a result of service
- The exemption amount varies annually
If you are required to pay property tax in Oregon, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:
| County | Property Tax Rate |
|---|---|
| Baker | 0.92% |
| Benton | 1.16% |
| Clackamas | 1.02% |
| Clatsop | 0.85% |
| Columbia | 1.00% |
| Coos | 0.91% |
| Crook | 0.88% |
| Curry | 0.66% |
| Deschutes | 0.85% |
| Douglas | 0.84% |
| Gilliam | 1.11% |
| Grant | 1.08% |
| Harney | 1.13% |
| HoodRiver | 0.70% |
| Jackson | 0.95% |
| Jefferson | 0.96% |
| Josephine | 0.58% |
| Klamath | 0.81% |
| Lake | 1.09% |
| Lane | 1.04% |
| Lincoln | 1.00% |
| Linn | 1.22% |
| Malheur | 1.04% |
| Marion | 1.15% |
| Morrow | 1.24% |
| Multnomah | 1.04% |
| Polk | 1.07% |
| Sherman | 0.90% |
| Tillamook | 0.74% |
| Umatilla | 1.18% |
| Union | 0.92% |
| Wallowa | 0.69% |
| Wasco | 1.16% |
| Washington | 1.05% |
| Wheeler | 0.99% |
| Yamhill | 0.99% |
How VA Loans Work in Oregon
View the graphic below to learn more about how VA loans work in Oregon.
