Fayetteville VA Loans
FAYETTEVILLE-SPRINGDALE-ROGERS, 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 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.
Fayetteville's 138 lenders originated 2,067 VA loans during 2021. The total origination value was $538,285,000, with an average VA loan value of $260,418.
Fayetteville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Fayetteville
averaged
5.52%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.45% and
one month ago for the week of 2022-04-08, the
average rate was 4.78%.
The average rate one year ago was 3.09%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.19%.
Fayetteville VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Fayetteville level.
The top Fayetteville VA lender as defined by loan originations is Mortgage Research Center, LLC, with
260 VA loans originated. Their average total fees are
$5,547, which is $220
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Fayetteville VA lenders (with over 10 loans originated) are
PLANET HOME LENDING, LLC ($1,549), LAKEVIEW LOAN SERVICING, LLC ($2,389), FREEDOM MORTGAGE CORPORATION ($2,578), VILLAGE CAPITAL & INVESTMENT LLC ($2,795) and CALIBER HOME LOANS, INC. ($3,015).
The lowest rate Fayetteville VA lenders (with over 10 loans originated) are
CLEARPATH LENDING (2.36%), Low VA Rates, LLC (2.36%), AMERICAN FINANCIAL NETWORK, INC. (2.38%), PENNYMAC LOAN SERVICES, LLC (2.44%) and VILLAGE CAPITAL & INVESTMENT LLC (2.45%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Fayetteville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $262,250 (5.2%) | $345,765 (5.6%) | 0.97 | 2,492 |
2018-02-01 | $272,250 (7.5%) | $355,580 (8.2%) | 0.98 | 2,382 |
2018-03-01 | $276,500 (3.5%) | $360,504 (6.5%) | 0.96 | 2,443 |
2018-04-01 | $285,400 (3.8%) | $368,091 (6.4%) | 0.96 | 2,416 |
2018-05-01 | $289,750 (3.6%) | $372,289 (5.3%) | 0.97 | 2,452 |
2018-06-01 | $289,900 (3.5%) | $371,289 (4.5%) | 0.97 | 2,549 |
2018-07-01 | $295,000 (7.3%) | $380,297 (9.4%) | 0.98 | 2,749 |
2018-08-01 | $289,280 (5.0%) | $374,104 (8.6%) | 0.97 | 2,829 |
2018-09-01 | $279,999 (3.7%) | $363,821 (7.6%) | 0.94 | 2,861 |
2018-10-01 | $275,000 (1.9%) | $365,337 (6.7%) | 0.92 | 2,820 |
2018-11-01 | $274,000 (2.6%) | $364,464 (7.1%) | 0.92 | 2,767 |
2018-12-01 | $273,000 (5.0%) | $361,178 (6.3%) | 0.93 | 2,635 |
2019-01-01 | $269,450 (2.8%) | $356,739 (3.2%) | 0.93 | 2,462 |
2019-02-01 | $272,450 (0.1%) | $362,252 (1.9%) | 0.91 | 2,450 |
2019-03-01 | $281,214 (1.7%) | $373,936 (3.7%) | 0.92 | 2,359 |
2019-04-01 | $286,214 (0.3%) | $380,839 (3.5%) | 0.90 | 2,290 |
2019-05-01 | $291,950 (0.8%) | $389,083 (4.5%) | 0.90 | 2,303 |
2019-06-01 | $289,900 (0.0%) | $390,823 (5.3%) | 0.89 | 2,373 |
2019-07-01 | $291,325 (-1.3%) | $390,927 (2.8%) | 0.91 | 2,395 |
2019-08-01 | $285,386 (-1.4%) | $383,057 (2.4%) | 0.90 | 2,353 |
2019-09-01 | $279,900 (0.0%) | $375,226 (3.1%) | 0.89 | 2,302 |
2019-10-01 | $279,900 (1.8%) | $377,975 (3.5%) | 0.89 | 2,328 |
2019-11-01 | $279,900 (2.2%) | $377,246 (3.5%) | 0.90 | 2,204 |
2019-12-01 | $279,950 (2.6%) | $387,892 (7.4%) | 0.93 | 2,010 |
2020-01-01 | $280,000 (3.9%) | $388,918 (9.0%) | 0.93 | 1,842 |
2020-02-01 | $289,000 (6.1%) | $408,532 (12.8%) | 0.93 | 1,699 |
2020-03-01 | $298,625 (6.2%) | $414,777 (10.9%) | 0.93 | 1,650 |
2020-04-01 | $289,950 (1.3%) | $406,429 (6.7%) | 0.90 | 1,753 |
2020-05-01 | $300,000 (2.8%) | $417,044 (7.2%) | 0.91 | 1,635 |
2020-06-01 | $302,944 (4.5%) | $427,430 (9.4%) | 0.88 | 1,411 |
2020-07-01 | $299,700 (2.9%) | $428,270 (9.6%) | 0.86 | 1,309 |
2020-08-01 | $315,000 (10.4%) | $444,183 (16.0%) | 0.90 | 1,142 |
2020-09-01 | $322,949 (15.4%) | $463,508 (23.5%) | 0.92 | 1,092 |
2020-10-01 | $309,500 (10.6%) | $446,922 (18.2%) | 0.88 | 1,072 |
2020-11-01 | $299,900 (7.2%) | $450,352 (19.4%) | 0.86 | 975 |
2020-12-01 | $293,320 (4.8%) | $435,842 (12.4%) | 0.86 | 895 |
2021-01-01 | $289,900 (3.5%) | $429,225 (10.4%) | 0.85 | 756 |
2021-02-01 | $292,000 (1.0%) | $439,329 (7.5%) | 0.84 | 623 |
2021-03-01 | $299,000 (0.1%) | $482,321 (16.3%) | 0.84 | 583 |
2021-04-01 | $302,450 (4.3%) | $481,808 (18.6%) | 0.81 | 618 |
2021-05-01 | $320,000 (6.7%) | $502,692 (20.5%) | 0.84 | 589 |
2021-06-01 | $327,000 (7.9%) | $500,325 (17.1%) | 0.85 | 693 |
2021-07-01 | $336,000 (12.1%) | $494,982 (15.6%) | 0.87 | 820 |
2021-08-01 | $342,500 (8.7%) | $503,571 (13.4%) | 0.90 | 927 |
2021-09-01 | $349,950 (8.4%) | $516,873 (11.5%) | 0.92 | 926 |
2021-10-01 | $349,900 (13.1%) | $536,833 (20.1%) | 0.92 | 933 |
2021-11-01 | $359,950 (20.0%) | $560,059 (24.4%) | 0.95 | 869 |
2021-12-01 | $367,500 (25.3%) | $578,144 (32.7%) | 0.98 | 760 |
2022-01-01 | $385,000 (32.8%) | $615,801 (43.5%) | 1.03 | 597 |
2022-02-01 | $406,250 (39.1%) | $635,992 (44.8%) | 1.04 | 502 |
2022-03-01 | $412,500 (38.0%) | $638,233 (32.3%) | 1.02 | 509 |
2022-04-01 | $425,000 (40.5%) | $652,035 (35.3%) | 1.00 | 538 |
Fayetteville's median listing price comes in at 100% of the national average.
Fayetteville's average listing price for 2022-04-01 was $652,035, a difference of $170,227 (35.3%) versus the prior year and $13,802 versus the prior month.
For the 2022-04-01 period, Fayetteville had 538 MLS listings, a difference of 29 listings (6%) versus the prior month and -80 listings (-13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fayetteville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 89 days | 2,231 sqft |
2018-02-01 | 85 days | 2,274 sqft |
2018-03-01 | 67 days | 2,270 sqft |
2018-04-01 | 63 days | 2,305 sqft |
2018-05-01 | 64 days | 2,363 sqft |
2018-06-01 | 63 days | 2,374 sqft |
2018-07-01 | 57 days | 2,384 sqft |
2018-08-01 | 61 days | 2,349 sqft |
2018-09-01 | 66 days | 2,300 sqft |
2018-10-01 | 72 days | 2,249 sqft |
2018-11-01 | 74 days | 2,213 sqft |
2018-12-01 | 85 days | 2,205 sqft |
2019-01-01 | 89 days | 2,190 sqft |
2019-02-01 | 84 days | 2,199 sqft |
2019-03-01 | 70 days | 2,244 sqft |
2019-04-01 | 64 days | 2,278 sqft |
2019-05-01 | 61 days | 2,309 sqft |
2019-06-01 | 61 days | 2,311 sqft |
2019-07-01 | 65 days | 2,303 sqft |
2019-08-01 | 67 days | 2,243 sqft |
2019-09-01 | 71 days | 2,200 sqft |
2019-10-01 | 72 days | 2,203 sqft |
2019-11-01 | 73 days | 2,192 sqft |
2019-12-01 | 82 days | 2,193 sqft |
2020-01-01 | 88 days | 2,215 sqft |
2020-02-01 | 77 days | 2,248 sqft |
2020-03-01 | 58 days | 2,262 sqft |
2020-04-01 | 56 days | 2,204 sqft |
2020-05-01 | 63 days | 2,215 sqft |
2020-06-01 | 63 days | 2,208 sqft |
2020-07-01 | 59 days | 2,180 sqft |
2020-08-01 | 56 days | 2,196 sqft |
2020-09-01 | 56 days | 2,209 sqft |
2020-10-01 | 56 days | 2,154 sqft |
2020-11-01 | 53 days | 2,059 sqft |
2020-12-01 | 64 days | 2,033 sqft |
2021-01-01 | 65 days | 1,996 sqft |
2021-02-01 | 61 days | 1,957 sqft |
2021-03-01 | 50 days | 1,964 sqft |
2021-04-01 | 37 days | 1,961 sqft |
2021-05-01 | 40 days | 1,992 sqft |
2021-06-01 | 37 days | 2,030 sqft |
2021-07-01 | 38 days | 2,020 sqft |
2021-08-01 | 37 days | 2,001 sqft |
2021-09-01 | 41 days | 2,025 sqft |
2021-10-01 | 43 days | 2,016 sqft |
2021-11-01 | 47 days | 2,104 sqft |
2021-12-01 | 53 days | 2,120 sqft |
2022-01-01 | 64 days | 2,134 sqft |
2022-02-01 | 61 days | 2,174 sqft |
2022-03-01 | 45 days | 2,159 sqft |
2022-04-01 | 38 days | 2,112 sqft |
Fayetteville's median square footage for active listings during the 2022-04-01 period was 2,112 sqft. One year prior, the average listing was 1,961 sqft.