Batesville VA Loan Rates, Closing Costs & Stats

Batesville, 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.

Batesville's 46 lenders originated 164 VA loans during 2021. The total origination value was $29,260,000, with an average VA loan value of $178,415.

Batesville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Batesville averaged 6.78% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Batesville's average VA mortgage closing costs are $3,396.

The average rate for the prior week (2022-11-25) was 6.81% and one month ago for the week of 2022-10-28, the average rate was 7.1%.

The average rate one year ago was 3.28%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.64%.

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

Batesville 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 Batesville level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Mortgage Research Center, LLC 27 2.95% $2,122
FREEDOM MORTGAGE CORPORATION 11 2.49% $2,266
QUICKEN LOANS, LLC 10 2.52% $4,515
NEW DAY FINANCIAL, LLC 6 2.85% $6,768
Centennial Bank 6 2.96% $4,039
First Community Bank 6 2.67% $4,194
LOANDEPOT.COM, LLC 5 2.57% $1,879
VILLAGE CAPITAL MORTGAGE 5 2.78% $3,318
USAA Federal Savings Bank 5 2.85% $2,920
PENNYMAC LOAN SERVICES, LLC 4 2.47% $3,606
GUILD MORTGAGE COMPANY 4 3.00% $4,096
FLAT BRANCH MORTGAGE, INC. 3 2.71% $3,033
NAVY FEDERAL CREDIT UNION 3 2.46% $1,516
Wells Fargo Bank 2 2.75% $5,630
Barrington Bank & Trust Company, N.A. 2 2.85% $1,900
BROKER SOLUTIONS, INC. 2 2.63% $7,811
CALIBER HOME LOANS, INC. 2 3.00% $1,743
Carrington Mortgage Services, LLC 2 2.94% $1,801
CROSSCOUNTRY MORTGAGE, LLC 2 3.38% $2,070
DAS Acquisition Company, LLC 2 3.50% $2,312
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.31% $2,961
LAKEVIEW LOAN SERVICING, LLC 2 3.12% $1,728
Mr. Cooper ( Nationstar Mortgage ) 2 3.94% $2,138
Renasant Bank 2 2.69% $4,701
UNITED WHOLESALE MORTGAGE, LLC 2 2.81% $6,918
ACADEMY MORTGAGE CORPORATION 1 3.75% $4,244
LEADERONE FINANCIAL CORPORATION 1 3.88% $1,287
First Guaranty Mortgage Corporation 1 3.25% $4,969
Low VA Rates, LLC 1 2.50% $1,927
First Federal Bank 1 2.75% $1,563
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.75% $3,386
AMERISAVE MORTGAGE CORPORATION 1 2.25% $11,088
FIRST COMMUNITY MORTGAGE, INC. 1 2.50% $14,444
EMBRACE HOME LOANS, INC. 1 2.63% $6,787
CLEARPATH LENDING 1 1.75% $4,766
Arvest Bank 1 2.88% $4,987
AMERICAN FINANCIAL NETWORK, INC. 1 2.25% $6,960
Simmons Bank 1 2.63% $2,505
SOUTHWEST STAGE FUNDING, LLC 1 3.38% $3,717
SOVEREIGN LENDING GROUP INCORPORATED 1 2.50% $8,256
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $2,793
Florida Capital Bank 1 3.63% $4,214
GMFS LLC 1 2.50% $2,745
FIRST STATE MORTGAGE SERVICES, LLC 1 2.50% $4,890
TJC Mortgage, Inc. 1 2.50% $1,415
InterContinental Capital Group, Inc 1 3.75% $3,658

The top Batesville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 27 VA loans originated. Their average total fees are $2,122, which is $144 lower than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Batesville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($2,122), FREEDOM MORTGAGE CORPORATION ($2,266), QUICKEN LOANS, LLC ($4,515), .

The lowest rate Batesville VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION (2.49%), QUICKEN LOANS, LLC (2.52%), Mortgage Research Center, LLC (2.95%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Batesville (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 $119,950 (22.0%) $168,246 (24.4%) 0.00 413
2018-02-01 $116,450 (17.6%) $160,256 (15.8%) 0.00 415
2018-03-01 $117,950 (19.0%) $160,270 (14.4%) 0.00 458
2018-04-01 $118,500 (10.8%) $164,576 (15.2%) 0.00 467
2018-05-01 $116,250 (1.1%) $163,309 (9.6%) 0.00 482
2018-06-01 $115,000 (-3.9%) $159,722 (3.8%) 0.00 480
2018-07-01 $115,000 (-4.1%) $157,518 (2.1%) 0.00 484
2018-08-01 $117,650 (-1.9%) $163,866 (5.2%) 0.00 473
2018-09-01 $118,750 (1.1%) $164,723 (8.3%) 0.00 481
2018-10-01 $119,900 (1.6%) $165,548 (6.1%) 0.00 477
2018-11-01 $120,000 (0.8%) $167,746 (5.5%) 0.00 462
2018-12-01 $129,250 (3.9%) $177,280 (6.3%) 0.00 440
2019-01-01 $126,250 (5.3%) $176,695 (5.0%) 0.00 420
2019-02-01 $129,000 (10.8%) $178,543 (11.4%) 0.00 423
2019-03-01 $133,800 (13.4%) $180,841 (12.8%) 0.00 410
2019-04-01 $138,350 (16.8%) $182,884 (11.1%) 0.00 408
2019-05-01 $138,500 (19.1%) $184,098 (12.7%) 0.00 408
2019-06-01 $139,000 (20.9%) $182,338 (14.2%) 0.00 408
2019-07-01 $136,500 (18.7%) $178,583 (13.4%) 0.00 398
2019-08-01 $134,364 (14.2%) $176,741 (7.9%) 0.00 388
2019-09-01 $131,909 (11.1%) $174,581 (6.0%) 0.00 370
2019-10-01 $130,000 (8.4%) $169,724 (2.5%) 0.00 360
2019-11-01 $127,700 (6.4%) $162,460 (-3.2%) 0.00 357
2019-12-01 $129,925 (0.5%) $164,158 (-7.4%) 0.00 339
2020-01-01 $131,225 (3.9%) $167,961 (-4.9%) 0.00 326
2020-02-01 $134,900 (4.6%) $168,547 (-5.6%) 0.00 330
2020-03-01 $138,175 (3.3%) $172,530 (-4.6%) 0.00 324
2020-04-01 $135,950 (-1.7%) $169,178 (-7.5%) 0.00 317
2020-05-01 $141,900 (2.5%) $174,918 (-5.0%) 0.00 307
2020-06-01 $148,950 (7.2%) $183,562 (0.7%) 0.00 281
2020-07-01 $154,970 (13.5%) $192,630 (7.9%) 0.00 259
2020-08-01 $165,000 (22.8%) $204,880 (15.9%) 0.00 227
2020-09-01 $163,725 (24.1%) $208,845 (19.6%) 0.00 218
2020-10-01 $169,000 (30.0%) $209,461 (23.4%) 0.00 219
2020-11-01 $164,175 (28.6%) $204,034 (25.6%) 0.00 208
2020-12-01 $161,950 (24.7%) $204,755 (24.7%) 0.00 201
2021-01-01 $168,500 (28.4%) $207,648 (23.6%) 0.00 189
2021-02-01 $167,650 (24.3%) $209,234 (24.1%) 0.00 173
2021-03-01 $167,675 (21.4%) $211,558 (22.6%) 0.00 154
2021-04-01 $177,100 (30.3%) $239,336 (41.5%) 0.00 132
2021-05-01 $177,000 (24.7%) $228,864 (30.8%) 0.00 133
2021-06-01 $171,500 (15.1%) $220,418 (20.1%) 0.00 142
2021-07-01 $172,000 (11.0%) $227,394 (18.1%) 0.00 139
2021-08-01 $167,000 (1.2%) $232,595 (13.5%) 0.00 144
2021-09-01 $177,225 (8.3%) $229,039 (9.7%) 0.00 144
2021-10-01 $187,000 (10.7%) $228,770 (9.2%) 0.00 137
2021-11-01 $181,225 (10.4%) $229,851 (12.7%) 0.00 124
2021-12-01 $188,450 (16.4%) $235,103 (14.8%) 0.00 123
2022-01-01 $178,950 (6.2%) $224,118 (7.9%) 0.00 123
2022-02-01 $173,425 (3.4%) $214,004 (2.3%) 0.00 121
2022-03-01 $167,000 (-0.4%) $206,832 (-2.2%) 0.00 112
2022-04-01 $189,000 (6.7%) $249,202 (4.1%) 0.00 125
2022-05-01 $188,000 (6.2%) $253,559 (10.8%) 0.00 148
2022-06-01 $195,850 (14.2%) $259,886 (17.9%) 0.00 166
2022-07-01 $190,000 (10.5%) $255,308 (12.3%) 0.00 184
2022-08-01 $189,900 (13.7%) $254,513 (9.4%) 0.00 193
2022-09-01 $198,950 (12.3%) $267,641 (16.9%) 0.00 188
2022-10-01 $199,900 (6.9%) $276,613 (20.9%) 0.00 194
2022-11-01 $199,450 (10.1%) $280,309 (22.0%) 0.00 195
Batesville's median listing price for 2022-11-01 was $199,450, a difference of $18,225 (10.1%) versus the prior year and $-450 versus the prior month.

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

Batesville's average listing price for 2022-11-01 was $280,309, a difference of $50,458 (22.0%) versus the prior year and $3,696 versus the prior month.

For the 2022-11-01 period, Batesville had 195 MLS listings, a difference of 1 listings (1%) versus the prior month and 71 listings (57%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Batesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,700 sqft
2018-02-01 0 days 1,673 sqft
2018-03-01 0 days 1,620 sqft
2018-04-01 0 days 1,601 sqft
2018-05-01 0 days 1,602 sqft
2018-06-01 0 days 1,602 sqft
2018-07-01 0 days 1,608 sqft
2018-08-01 0 days 1,620 sqft
2018-09-01 0 days 1,617 sqft
2018-10-01 0 days 1,646 sqft
2018-11-01 0 days 1,649 sqft
2018-12-01 0 days 1,670 sqft
2019-01-01 0 days 1,675 sqft
2019-02-01 0 days 1,704 sqft
2019-03-01 0 days 1,736 sqft
2019-04-01 0 days 1,748 sqft
2019-05-01 0 days 1,761 sqft
2019-06-01 0 days 1,766 sqft
2019-07-01 0 days 1,780 sqft
2019-08-01 0 days 1,768 sqft
2019-09-01 0 days 1,750 sqft
2019-10-01 0 days 1,742 sqft
2019-11-01 0 days 1,725 sqft
2019-12-01 0 days 1,718 sqft
2020-01-01 0 days 1,740 sqft
2020-02-01 0 days 1,747 sqft
2020-03-01 0 days 1,748 sqft
2020-04-01 0 days 1,720 sqft
2020-05-01 0 days 1,758 sqft
2020-06-01 0 days 1,807 sqft
2020-07-01 0 days 1,806 sqft
2020-08-01 0 days 1,869 sqft
2020-09-01 0 days 1,896 sqft
2020-10-01 0 days 1,916 sqft
2020-11-01 0 days 1,831 sqft
2020-12-01 0 days 1,843 sqft
2021-01-01 0 days 1,848 sqft
2021-02-01 0 days 1,879 sqft
2021-03-01 0 days 1,856 sqft
2021-04-01 0 days 1,880 sqft
2021-05-01 0 days 1,782 sqft
2021-06-01 0 days 1,811 sqft
2021-07-01 0 days 1,856 sqft
2021-08-01 0 days 1,763 sqft
2021-09-01 0 days 1,732 sqft
2021-10-01 0 days 1,677 sqft
2021-11-01 0 days 1,707 sqft
2021-12-01 0 days 1,744 sqft
2022-01-01 0 days 1,745 sqft
2022-02-01 0 days 1,660 sqft
2022-03-01 0 days 1,598 sqft
2022-04-01 0 days 1,610 sqft
2022-05-01 0 days 1,649 sqft
2022-06-01 0 days 1,717 sqft
2022-07-01 0 days 1,688 sqft
2022-08-01 0 days 1,691 sqft
2022-09-01 0 days 1,666 sqft
2022-10-01 0 days 1,694 sqft
2022-11-01 0 days 1,753 sqft
Batesville's median listing age (time on market) for 2022-11-01 was 0 days.

Batesville's median square footage for active listings during the 2022-11-01 period was 1,753 sqft. One year prior, the average listing was 1,707 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.