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Malheur County, Oregon VA Home Loan Information

Table of Contents

FAQ

What is the VA Loan Limit?

2021 VA Home Loan Limit: $0 down payment up to $5,000,000* (subject to lender limits) /2 open VA loans at one time $548,250 (Call 877-432-5626 for details).

How to Apply for a VA Home Loan?

This is a quick look at how to apply for a VA home loan in Malheur County. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA home loan. Here, we’ll go over the general steps to getting a VA home loan and point out some things to pay attention to in Malheur County. If you have any questions, you can call us at VA HLC and we’ll help you get started.

  1. Get your Certificate of Eligibility (COE)
    • Give us a call at (877) 432-5626 and we’ll get your COE for you.
  2. Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
  3. Get pre-approved, to get pre-approved for a loan, you’ll need:
    • Previous two years of W2s
    • Most recent 30 days paystubs or LES (active duty)
    • Most recent 60 days bank statements
    • Landlord and HR/Payroll Department contact info
  4. Find a home
    • We can help you check whether the home is in one of the Malheur County flood zones
  5. Get the necessary inspections
    • Termite inspection: required
    • Well or septic inspections needed, if applicable
  6. Get the home appraised
    • We can help you find a VA-Certified appraiser in Malheur County and schedule the process
    • Construction loan note: Construction permit/appraisal info
      1. Building permit
      2. Elevation certificate
  7. Lock-in your interest rates
    • Pro tip: Wait until the appraisal to lock-in your loan rates. If it turns out you need to make repairs, it can push your closing back. Then you can get stuck paying rate extension fees.
  8. Close the deal and get packing!
    • You’re ready to go.

What is the Median Home Price?

As of August 31st, 2020, the median home value for Malheur County is $174,875. In addition, the median household income for residents of the county is $42,478.

How much are the VA Appraisal Fees?

  • Single-Family: $775.
  • Individual Condo: $825.
  • Manufactured Homes: $825.
  • 2-4 Unit Multi-Family: $950.
  • Appraisal Turnaround Times: 15 days.

Do I need Flood Insurance?

  • The VA requires properties are required to have flood insurance if they are in a Special Flood Hazard Area.

How do I learn about Property Taxes?

  • Dave Ingram is the Malheur county tax assessor. His office is located at 251 B Street Vale, Oregon 97918, or can be reached by calling (541) 473-5117.
  • The state of Oregon offers businesses that invest and hire in enterprise zones the option to be exempt from property taxes for at least three years. The Oregon Investment Advantage program encourages new businesses that are starting as well as the ones who are relocating to the state with various incentives. For example, the program offers income tax subtraction and elimination of state income liability for new businesses for many years.

What is the Population?

  • The county’s population of 30,571 is 60% White, 34% Hispanic, and 2% Mixed Race.
  • Most county residents are between 18 and 65 years old, with 25% under 18 years old and 17% older than 65.
  • In total, the county has about 10,138 households, at an average of three people per household.

What are the major cities?

There are five cities in the county with the city of Vale serving as the county seat. Additionally, the other four cities in the county are Adrian, Jordan Valley, Nyssa, and Ontario.

About Malheur County

One of the largest counties by area in Oregon, Malheur County is the perfect place for those looking for somewhere quiet to settle down. The county is home to some of the state’s most beautiful outdoor attractions. Fun for the whole family is waiting at all the exciting attractions in and near the county, including museums, golf courses, and more. You can be sure that your child will receive an excellent education thanks to the county’s great schools. Malheur County was officially founded on February 17, 1887, and was named after the beautiful Malheur River. The current population of the county is 30,725, including a veteran population of 1,964.

Additionally, those that love the outdoors can’t miss out on any of the scenic natural attractions in Malheur County. The Malheur River is just one of the majestic waterways flowing through the county and is a local favorite for fishing, canoeing, and kayaking. The Malheur National Forest is partly located in the county and is home to miles of scenic trails, perfect for hiking, biking, and horseback riding. The Malheur National Forest is also home to several beautiful campsites. Other scenic outdoor attractions in the area include the Whitman National Forest and the Deer Flat National Wildlife Refuge.

Take a step back in time by visiting any of the amazing historical landmarks in Malheur County. Learn about local history by visiting the Four Rivers Cultural Center & Museum, which is home to a multitude of amazing exhibits. Moreover, the Ontario Train Depot is an amazing historic structure that has been standing in the county since 1907 and features Queen Anne style architecture. The Ontario Train Depot currently serves as a community center. In addition, the Green Lantern Saloon is a former restaurant/bar that has been standing since 1906. Other historic landmarks in the county include the First Bank of Vale and the Old Stone House.

Furthermore, those with children and young adults can be sure their child will receive an excellent education in Malheur County. Several higher education and private school options are available in and nearby the area. The local school districts only hire the most helpful and qualified teachers and administrators. Be sure to attend all the exciting events hosted by the local schools!

Veteran Information

The county is currently home to 1,976 veterans, and they all have access to:

  • Malheur County is home to one VFW post:
    • Post 5452 Ontario Post – 25 NW 8th St. Ontario, OR 97914.
  • County Veteran Assistance Information.
    • Malheur County Veteran Service Office – 316 NE Goodfellow St. Suite 4, Ontario, OR 97914.

Apply for a VA Home Loan

  • For more information about VA Home Loans and how to apply, click here.
  • If you meet the VA’s eligibility requirements, you will be able to enjoy some of the best government guaranteed home loans available.  
  • VA loans can finance the construction of a property. However, the property must be owned and prepared for construction as the VA cannot ensure vacant land loans.

VA Approved Condos

There are currently no VA-approved condos in Malheur County. However, if you’re still interested in getting a condo through the approval process give us a call at (877) 432-5626. We will help you through the condo approval process.

Oregon VA Loan Information: https://www.vahomeloancenters.org/oregon-va-home-loan-limits/

VA Loan Information by State: https://www.vahomeloancenters.org/va-loan-limit-maximum-va-loan-amount/