Arkadelphia VA Loan Rates, Closing Costs & Stats

Arkadelphia, AR

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.

Arkadelphia's 14 lenders originated 25 VA loans during 2023. The total origination value was $5,045,000, with an average VA loan value of $201,800.

Arkadelphia VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Arkadelphia averaged 6.83% for the week of 2024-03-22, compared to the national average (all VA variants) of 6.539% for the same period.

Arkadelphia's average VA mortgage closing costs are $4,586.

The average rate for the prior week (2024-03-15) was 6.74% and one month ago for the week of 2024-02-16, the average rate was 6.56%.

The average rate one year ago was 6.6%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.64%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Arkadelphia 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 Arkadelphia level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 7 7.03% $2,758
EVERETT FINANCIAL, INC. 6 6.69% $7,534
First Financial Bank 1 7.75% $4,348
FirstTrust Home Loans, Inc. 1 7.13% $3,855
FREEDOM MORTGAGE CORPORATION 1 7.25% $5,784
Gateway First Bank 1 6.75% $3,843
JPMorgan Chase Bank 1 5.75% $3,744
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $12,243
NEW DAY FINANCIAL, LLC 1 8.25% $6,857
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $1,381
SWBC MORTGAGE CORPORATION 1 6.75% $2,473
Arvest Bank 1 6.38% $3,653
USAA Federal Savings Bank 1 7.38% $10,979
FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $2,655

The top Arkadelphia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 7 VA loans originated. Their average total fees are $2,758, which is $4,776 lower than the next largest lender, EVERETT FINANCIAL, INC..

The lowest fee Arkadelphia VA lenders (with over 10 loans originated) are .

The lowest rate Arkadelphia VA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Arkadelphia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $133,375 (8.4%) $160,787 (13.9%) 0.00 107
2018-02-01 $129,975 (5.7%) $159,030 (14.4%) 0.00 112
2018-03-01 $129,925 (4.0%) $158,107 (9.6%) 0.00 116
2018-04-01 $132,500 (6.0%) $161,684 (14.9%) 0.00 117
2018-05-01 $133,500 (3.1%) $161,527 (13.1%) 0.00 116
2018-06-01 $131,213 (0.9%) $155,947 (6.3%) 0.00 114
2018-07-01 $129,569 (-0.3%) $155,329 (2.2%) 0.00 110
2018-08-01 $124,863 (-3.4%) $155,803 (2.5%) 0.00 105
2018-09-01 $121,725 (-4.1%) $151,634 (1.6%) 0.00 103
2018-10-01 $119,938 (-4.0%) $152,183 (2.9%) 0.00 102
2018-11-01 $129,825 (3.9%) $163,715 (8.8%) 0.00 100
2018-12-01 $139,725 (7.5%) $164,966 (7.3%) 0.00 97
2019-01-01 $139,950 (4.9%) $165,266 (2.8%) 0.00 101
2019-02-01 $136,922 (5.3%) $159,172 (0.1%) 0.00 100
2019-03-01 $131,828 (1.5%) $154,932 (-2.0%) 0.00 99
2019-04-01 $130,475 (-1.5%) $152,358 (-5.8%) 0.00 92
2019-05-01 $125,205 (-6.2%) $153,550 (-4.9%) 0.00 88
2019-06-01 $134,975 (2.9%) $152,222 (-2.4%) 0.00 81
2019-07-01 $120,550 (-7.0%) $150,209 (-3.3%) 0.00 83
2019-08-01 $124,305 (-0.5%) $152,000 (-2.4%) 0.00 78
2019-09-01 $131,586 (8.1%) $157,732 (4.0%) 0.00 75
2019-10-01 $136,441 (13.8%) $161,553 (6.2%) 0.00 72
2019-11-01 $122,400 (-5.7%) $153,714 (-6.1%) 0.00 77
2019-12-01 $119,225 (-14.7%) $152,251 (-7.7%) 0.00 75
2020-01-01 $125,700 (-10.2%) $151,394 (-8.4%) 0.00 74
2020-02-01 $129,500 (-5.4%) $148,386 (-6.8%) 0.00 79
2020-03-01 $130,943 (-0.7%) $149,556 (-3.5%) 0.00 85
2020-04-01 $138,475 (6.1%) $154,001 (1.1%) 0.00 79
2020-05-01 $139,500 (11.4%) $155,556 (1.3%) 0.00 72
2020-06-01 $143,546 (6.4%) $156,530 (2.8%) 0.00 61
2020-07-01 $144,700 (20.0%) $156,559 (4.2%) 0.00 63
2020-08-01 $149,943 (20.6%) $164,310 (8.1%) 0.00 57
2020-09-01 $149,985 (14.0%) $162,561 (3.1%) 0.00 61
2020-10-01 $149,943 (9.9%) $157,997 (-2.2%) 0.00 66
2020-11-01 $148,971 (21.7%) $152,694 (-0.7%) 0.00 54
2020-12-01 $144,375 (21.1%) $151,021 (-0.8%) 0.00 54
2021-01-01 $139,000 (10.6%) $151,776 (0.3%) 0.00 47
2021-02-01 $144,488 (11.6%) $165,039 (11.2%) 0.00 44
2021-03-01 $154,788 (18.2%) $170,043 (13.7%) 0.00 29
2021-04-01 $171,875 (24.1%) $200,183 (30.0%) 0.00 32
2021-05-01 $147,500 (5.7%) $202,446 (30.1%) 0.00 35
2021-06-01 $147,375 (2.7%) $197,378 (26.1%) 0.00 32
2021-07-01 $147,500 (1.9%) $188,788 (20.6%) 0.00 30
2021-08-01 $127,223 (-15.2%) $177,735 (8.2%) 0.00 21
2021-09-01 $147,500 (-1.7%) $167,991 (3.3%) 0.00 27
2021-10-01 $147,500 (-1.6%) $157,269 (-0.5%) 0.00 33
2021-11-01 $158,530 (6.4%) $210,227 (37.7%) 0.00 31
2021-12-01 $157,500 (9.1%) $202,932 (34.4%) 0.00 27
2022-01-01 $169,900 (22.2%) $189,573 (24.9%) 0.00 30
2022-02-01 $151,375 (4.8%) $167,086 (1.2%) 0.00 39
2022-03-01 $144,063 (-6.9%) $148,784 (-12.5%) 0.00 32
2022-04-01 $159,000 (-7.5%) $197,406 (-1.4%) 0.00 33
2022-05-01 $169,900 (15.2%) $202,869 (0.2%) 0.00 37
2022-06-01 $169,675 (15.1%) $207,773 (5.3%) 0.00 39
2022-07-01 $137,000 (-7.1%) $192,025 (1.7%) 0.00 39
2022-08-01 $158,675 (24.7%) $209,383 (17.8%) 0.00 39
2022-09-01 $159,375 (8.1%) $207,662 (23.6%) 0.00 52
2022-10-01 $169,873 (15.2%) $264,260 (68.0%) 0.00 47
2022-11-01 $176,225 (11.2%) $256,422 (22.0%) 0.00 52
2022-12-01 $169,500 (7.6%) $209,366 (3.2%) 0.00 54
2023-01-01 $175,000 (3.0%) $207,509 (9.5%) 0.00 54
2023-02-01 $167,250 (10.5%) $207,899 (24.4%) 0.00 56
2023-03-01 $154,000 (6.9%) $204,046 (37.1%) 0.00 53
2023-04-01 $169,875 (6.8%) $213,748 (8.3%) 0.00 57
2023-05-01 $191,225 (12.6%) $226,511 (11.7%) 0.00 59
2023-06-01 $196,125 (15.6%) $219,129 (5.5%) 0.00 53
2023-07-01 $175,000 (27.7%) $204,959 (6.7%) 0.00 54
2023-08-01 $179,900 (13.4%) $212,873 (1.7%) 0.00 57
2023-09-01 $195,000 (22.4%) $232,759 (12.1%) 0.00 64
2023-10-01 $164,875 (-2.9%) $207,518 (-21.5%) 0.00 75
2023-11-01 $161,500 (-8.4%) $196,808 (-23.3%) 0.00 62
2023-12-01 $164,000 (-3.2%) $201,141 (-3.9%) 0.00 71
2024-01-01 $179,225 (2.4%) $229,849 (10.8%) 0.00 72
2024-02-01 $184,999 (10.6%) $236,532 (13.8%) 0.00 71
Arkadelphia's median listing price for 2024-02-01 was $184,999, a difference of $17,749 (10.6%) versus the prior year and $5,774 versus the prior month.

Arkadelphia's median listing price comes in at 0% of the national average.

Arkadelphia's average listing price for 2024-02-01 was $236,532, a difference of $28,633 (13.8%) versus the prior year and $6,683 versus the prior month.

For the 2024-02-01 period, Arkadelphia had 71 MLS listings, a difference of -1 listings (-1%) versus the prior month and 15 listings (27%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Arkadelphia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,800 sqft
2018-02-01 0 days 1,800 sqft
2018-03-01 0 days 1,800 sqft
2018-04-01 0 days 1,839 sqft
2018-05-01 0 days 1,844 sqft
2018-06-01 0 days 1,800 sqft
2018-07-01 0 days 1,800 sqft
2018-08-01 0 days 1,822 sqft
2018-09-01 0 days 1,758 sqft
2018-10-01 0 days 1,724 sqft
2018-11-01 0 days 1,775 sqft
2018-12-01 0 days 1,809 sqft
2019-01-01 0 days 1,795 sqft
2019-02-01 0 days 1,745 sqft
2019-03-01 0 days 1,706 sqft
2019-04-01 0 days 1,703 sqft
2019-05-01 0 days 1,762 sqft
2019-06-01 0 days 1,816 sqft
2019-07-01 0 days 1,758 sqft
2019-08-01 0 days 1,786 sqft
2019-09-01 0 days 1,825 sqft
2019-10-01 0 days 1,843 sqft
2019-11-01 0 days 1,786 sqft
2019-12-01 0 days 1,813 sqft
2020-01-01 0 days 1,856 sqft
2020-02-01 0 days 1,838 sqft
2020-03-01 0 days 1,858 sqft
2020-04-01 0 days 1,925 sqft
2020-05-01 0 days 1,890 sqft
2020-06-01 0 days 1,931 sqft
2020-07-01 0 days 1,936 sqft
2020-08-01 0 days 1,930 sqft
2020-09-01 0 days 1,914 sqft
2020-10-01 0 days 1,909 sqft
2020-11-01 0 days 1,952 sqft
2020-12-01 0 days 1,915 sqft
2021-01-01 0 days 1,810 sqft
2021-02-01 0 days 1,744 sqft
2021-03-01 0 days 2,013 sqft
2021-04-01 0 days 2,132 sqft
2021-05-01 0 days 1,974 sqft
2021-06-01 0 days 1,840 sqft
2021-07-01 0 days 2,034 sqft
2021-08-01 0 days 1,843 sqft
2021-09-01 0 days 1,820 sqft
2021-10-01 0 days 1,800 sqft
2021-11-01 0 days 1,934 sqft
2021-12-01 0 days 1,834 sqft
2022-01-01 0 days 1,770 sqft
2022-02-01 0 days 1,517 sqft
2022-03-01 0 days 1,480 sqft
2022-04-01 0 days 1,662 sqft
2022-05-01 0 days 1,713 sqft
2022-06-01 0 days 1,701 sqft
2022-07-01 0 days 1,657 sqft
2022-08-01 0 days 1,654 sqft
2022-09-01 0 days 1,695 sqft
2022-10-01 0 days 1,683 sqft
2022-11-01 0 days 1,657 sqft
2022-12-01 0 days 1,657 sqft
2023-01-01 0 days 1,657 sqft
2023-02-01 0 days 1,634 sqft
2023-03-01 0 days 1,590 sqft
2023-04-01 0 days 1,614 sqft
2023-05-01 0 days 1,657 sqft
2023-06-01 0 days 1,708 sqft
2023-07-01 0 days 1,736 sqft
2023-08-01 0 days 1,704 sqft
2023-09-01 0 days 1,731 sqft
2023-10-01 0 days 1,689 sqft
2023-11-01 0 days 1,690 sqft
2023-12-01 0 days 1,731 sqft
2024-01-01 0 days 1,759 sqft
2024-02-01 0 days 1,768 sqft
Arkadelphia's median listing age (time on market) for 2024-02-01 was 0 days.

Arkadelphia's median square footage for active listings during the 2024-02-01 period was 1,768 sqft. One year prior, the average listing was 1,634 sqft.

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.