El Dorado VA Loan Rates, Closing Costs & Stats

El Dorado, AR

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    • 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.

    El Dorado's 14 lenders originated 31 VA loans during 2023. The total origination value was $6,465,000, with an average VA loan value of $208,548.

    El Dorado VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in El Dorado averaged 6.66% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    El Dorado's average VA mortgage closing costs are $4,757.

    The average rate for the prior week (2024-04-05) was 6.71% and one month ago for the week of 2024-03-08, the average rate was 6.44%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.47%.

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

    El Dorado 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 El Dorado level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 7 7.05% $3,749
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.77% $5,537
    UNITED WHOLESALE MORTGAGE, LLC 4 6.79% $2,260
    FirstTrust Home Loans, Inc. 2 6.50% $10,881
    QUICKEN LOANS, LLC 2 6.49% $7,791
    NEW DAY FINANCIAL, LLC 2 7.37% $8,167
    EVERETT FINANCIAL, INC. 2 6.75% $4,273
    U.S. Bank 1 6.75% $2,116
    LOANDEPOT.COM, LLC 1 5.63% $17,252
    Mid-Continent Funding, Inc. 1 6.13% $12,557
    NAVY FEDERAL CREDIT UNION 1 5.88% $12,577
    PENNYMAC LOAN SERVICES, LLC 1 5.49% $3,940
    The Federal Savings Bank 1 6.25% $11,754
    Barrington Bank & Trust Company, N.A. 1 6.25% $4,897

    The top El Dorado VA lender as defined by loan originations is Mortgage Research Center, LLC, with 7 VA loans originated. Their average total fees are $3,749, which is $1,789 lower than the next largest lender, HIGHLANDS RESIDENTIAL MORTGAGE, LTD..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - El Dorado (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 $93,250 (-6.2%) $163,006 (13.4%) 0.00 154
    2018-02-01 $108,550 (-5.8%) $177,567 (17.6%) 0.00 160
    2018-03-01 $114,750 (-4.1%) $173,371 (14.4%) 0.00 155
    2018-04-01 $109,925 (-7.8%) $167,479 (13.0%) 0.00 152
    2018-05-01 $110,450 (-1.8%) $171,082 (15.9%) 0.00 152
    2018-06-01 $131,400 (13.8%) $179,825 (18.7%) 0.00 148
    2018-07-01 $144,900 (13.7%) $185,960 (14.0%) 0.00 157
    2018-08-01 $147,500 (18.1%) $191,120 (15.1%) 0.00 165
    2018-09-01 $149,500 (31.3%) $197,587 (23.0%) 0.00 160
    2018-10-01 $154,950 (32.4%) $197,504 (18.7%) 0.00 154
    2018-11-01 $156,400 (53.2%) $198,854 (25.9%) 0.00 153
    2018-12-01 $149,500 (40.7%) $195,321 (21.0%) 0.00 146
    2019-01-01 $149,500 (60.3%) $200,524 (23.0%) 0.00 140
    2019-02-01 $157,325 (44.9%) $213,430 (20.2%) 0.00 147
    2019-03-01 $161,014 (40.3%) $216,415 (24.8%) 0.00 145
    2019-04-01 $163,750 (49.0%) $219,111 (30.8%) 0.00 136
    2019-05-01 $177,450 (60.7%) $228,451 (33.5%) 0.00 127
    2019-06-01 $170,900 (30.1%) $221,197 (23.0%) 0.00 136
    2019-07-01 $164,700 (13.7%) $209,795 (12.8%) 0.00 140
    2019-08-01 $166,077 (12.6%) $207,050 (8.3%) 0.00 131
    2019-09-01 $168,143 (12.5%) $208,376 (5.5%) 0.00 128
    2019-10-01 $169,625 (9.5%) $209,186 (5.9%) 0.00 126
    2019-11-01 $167,250 (6.9%) $209,452 (5.3%) 0.00 130
    2019-12-01 $157,750 (5.5%) $208,216 (6.6%) 0.00 123
    2020-01-01 $149,625 (0.1%) $210,095 (4.8%) 0.00 114
    2020-02-01 $147,250 (-6.4%) $212,190 (-0.6%) 0.00 110
    2020-03-01 $146,125 (-9.3%) $215,142 (-0.6%) 0.00 113
    2020-04-01 $147,250 (-10.1%) $209,869 (-4.2%) 0.00 108
    2020-05-01 $135,000 (-23.9%) $209,850 (-8.1%) 0.00 105
    2020-06-01 $160,000 (-6.4%) $240,843 (8.9%) 0.00 114
    2020-07-01 $178,450 (8.4%) $254,934 (21.5%) 0.00 111
    2020-08-01 $189,900 (14.3%) $256,814 (24.0%) 0.00 115
    2020-09-01 $216,100 (28.5%) $275,385 (32.2%) 0.00 104
    2020-10-01 $222,200 (31.0%) $273,856 (30.9%) 0.00 100
    2020-11-01 $216,000 (29.2%) $269,948 (28.9%) 0.00 86
    2020-12-01 $194,750 (23.5%) $264,571 (27.1%) 0.00 78
    2021-01-01 $182,900 (22.2%) $247,120 (17.6%) 0.00 77
    2021-02-01 $182,700 (24.1%) $230,524 (8.6%) 0.00 74
    2021-03-01 $182,700 (25.0%) $233,633 (8.6%) 0.00 63
    2021-04-01 $197,450 (34.1%) $238,126 (13.5%) 0.00 66
    2021-05-01 $183,700 (36.1%) $250,837 (19.5%) 0.00 69
    2021-06-01 $180,650 (12.9%) $259,997 (8.0%) 0.00 69
    2021-07-01 $195,000 (9.3%) $266,781 (4.7%) 0.00 54
    2021-08-01 $195,000 (2.7%) $273,786 (6.6%) 0.00 56
    2021-09-01 $193,225 (-10.6%) $283,290 (2.9%) 0.00 49
    2021-10-01 $195,000 (-12.2%) $269,355 (-1.6%) 0.00 57
    2021-11-01 $181,175 (-16.1%) $247,599 (-8.3%) 0.00 61
    2021-12-01 $177,450 (-8.9%) $257,555 (-2.7%) 0.00 48
    2022-01-01 $177,450 (-3.0%) $278,159 (12.6%) 0.00 38
    2022-02-01 $163,750 (-10.4%) $278,235 (20.7%) 0.00 48
    2022-03-01 $172,425 (-5.6%) $271,389 (16.2%) 0.00 45
    2022-04-01 $179,500 (-9.1%) $276,787 (16.2%) 0.00 40
    2022-05-01 $193,625 (5.4%) $265,426 (5.8%) 0.00 45
    2022-06-01 $194,000 (7.4%) $260,310 (0.1%) 0.00 50
    2022-07-01 $185,000 (-5.1%) $265,804 (-0.4%) 0.00 54
    2022-08-01 $203,375 (4.3%) $247,648 (-9.6%) 0.00 63
    2022-09-01 $202,250 (4.7%) $241,902 (-14.6%) 0.00 64
    2022-10-01 $199,000 (2.1%) $235,321 (-12.6%) 0.00 68
    2022-11-01 $193,125 (6.6%) $243,537 (-1.6%) 0.00 75
    2022-12-01 $188,000 (6.0%) $237,052 (-8.0%) 0.00 78
    2023-01-01 $193,125 (8.8%) $250,096 (-10.1%) 0.00 70
    2023-02-01 $180,000 (9.9%) $253,800 (-8.8%) 0.00 67
    2023-03-01 $171,175 (-0.7%) $253,169 (-6.7%) 0.00 73
    2023-04-01 $150,000 (-16.4%) $239,027 (-13.6%) 0.00 78
    2023-05-01 $145,000 (-25.1%) $238,301 (-10.2%) 0.00 71
    2023-06-01 $159,250 (-17.9%) $242,705 (-6.8%) 0.00 75
    2023-07-01 $169,000 (-8.7%) $252,959 (-4.8%) 0.00 71
    2023-08-01 $198,100 (-2.6%) $241,375 (-2.5%) 0.00 76
    2023-09-01 $180,450 (-10.8%) $215,850 (-10.8%) 0.00 71
    2023-10-01 $175,675 (-11.7%) $213,026 (-9.5%) 0.00 88
    2023-11-01 $162,675 (-15.8%) $211,116 (-13.3%) 0.00 52
    2023-12-01 $192,400 (2.3%) $240,185 (1.3%) 0.00 53
    2024-01-01 $197,700 (2.4%) $249,906 (-0.1%) 0.00 50
    2024-02-01 $209,175 (16.2%) $252,948 (-0.3%) 0.00 56
    2024-03-01 $202,450 (18.3%) $251,046 (-0.8%) 0.00 57
    El Dorado's median listing price for 2024-03-01 was $202,450, a difference of $31,275 (18.3%) versus the prior year and $-6,725 versus the prior month.

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

    El Dorado's average listing price for 2024-03-01 was $251,046, a difference of $-2,123 (-0.8%) versus the prior year and $-1,902 versus the prior month.

    For the 2024-03-01 period, El Dorado had 57 MLS listings, a difference of 1 listings (2%) versus the prior month and -16 listings (-22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - El Dorado (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,075 sqft
    2018-02-01 0 days 2,182 sqft
    2018-03-01 0 days 2,050 sqft
    2018-04-01 0 days 1,968 sqft
    2018-05-01 0 days 2,001 sqft
    2018-06-01 0 days 2,075 sqft
    2018-07-01 0 days 2,250 sqft
    2018-08-01 0 days 2,212 sqft
    2018-09-01 0 days 2,097 sqft
    2018-10-01 0 days 2,278 sqft
    2018-11-01 0 days 2,297 sqft
    2018-12-01 0 days 2,128 sqft
    2019-01-01 0 days 2,127 sqft
    2019-02-01 0 days 2,178 sqft
    2019-03-01 0 days 2,209 sqft
    2019-04-01 0 days 2,244 sqft
    2019-05-01 0 days 2,332 sqft
    2019-06-01 0 days 2,207 sqft
    2019-07-01 0 days 2,188 sqft
    2019-08-01 0 days 2,200 sqft
    2019-09-01 0 days 2,248 sqft
    2019-10-01 0 days 2,256 sqft
    2019-11-01 0 days 2,122 sqft
    2019-12-01 0 days 2,043 sqft
    2020-01-01 0 days 2,041 sqft
    2020-02-01 0 days 2,008 sqft
    2020-03-01 0 days 2,010 sqft
    2020-04-01 0 days 1,985 sqft
    2020-05-01 0 days 1,912 sqft
    2020-06-01 0 days 2,063 sqft
    2020-07-01 0 days 2,181 sqft
    2020-08-01 0 days 2,198 sqft
    2020-09-01 0 days 2,438 sqft
    2020-10-01 0 days 2,473 sqft
    2020-11-01 0 days 2,404 sqft
    2020-12-01 0 days 2,330 sqft
    2021-01-01 0 days 2,078 sqft
    2021-02-01 0 days 2,044 sqft
    2021-03-01 0 days 2,097 sqft
    2021-04-01 0 days 2,092 sqft
    2021-05-01 0 days 2,002 sqft
    2021-06-01 0 days 1,994 sqft
    2021-07-01 0 days 2,314 sqft
    2021-08-01 0 days 2,143 sqft
    2021-09-01 0 days 2,245 sqft
    2021-10-01 0 days 2,131 sqft
    2021-11-01 0 days 2,084 sqft
    2021-12-01 0 days 2,190 sqft
    2022-01-01 0 days 2,247 sqft
    2022-02-01 0 days 2,264 sqft
    2022-03-01 0 days 2,197 sqft
    2022-04-01 0 days 2,079 sqft
    2022-05-01 0 days 2,087 sqft
    2022-06-01 0 days 2,094 sqft
    2022-07-01 0 days 1,976 sqft
    2022-08-01 0 days 2,021 sqft
    2022-09-01 0 days 2,058 sqft
    2022-10-01 0 days 2,019 sqft
    2022-11-01 0 days 1,966 sqft
    2022-12-01 0 days 1,946 sqft
    2023-01-01 0 days 2,010 sqft
    2023-02-01 0 days 1,971 sqft
    2023-03-01 0 days 1,958 sqft
    2023-04-01 0 days 1,848 sqft
    2023-05-01 0 days 1,908 sqft
    2023-06-01 0 days 2,001 sqft
    2023-07-01 0 days 2,261 sqft
    2023-08-01 0 days 2,157 sqft
    2023-09-01 0 days 2,104 sqft
    2023-10-01 0 days 2,111 sqft
    2023-11-01 0 days 1,979 sqft
    2023-12-01 0 days 2,102 sqft
    2024-01-01 0 days 2,103 sqft
    2024-02-01 0 days 2,198 sqft
    2024-03-01 0 days 2,210 sqft
    El Dorado's median listing age (time on market) for 2024-03-01 was 0 days.

    El Dorado's median square footage for active listings during the 2024-03-01 period was 2,210 sqft. One year prior, the average listing was 1,958 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.