Fayetteville VA Loan Rates, Closing Costs & Stats

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 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.

Fayetteville's 121 lenders originated 1,024 VA loans during 2022. The total origination value was $328,550,000, with an average VA loan value of $320,850.

Fayetteville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Fayetteville averaged 6.06% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Fayetteville's average VA mortgage closing costs are $5,392.

The average rate for the prior week (2024-02-23) was 6.19% and one month ago for the week of 2024-01-26, the average rate was 6.12%.

The average rate one year ago was 6.06%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.38%.

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

Fayetteville 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 Fayetteville level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 160 5.04% $7,321
QUICKEN LOANS, LLC 76 4.10% $10,987
FLAT BRANCH MORTGAGE, INC. 55 5.12% $7,894
Arvest Bank 45 4.18% $8,972
FREEDOM MORTGAGE CORPORATION 40 4.12% $12,317
USAA Federal Savings Bank 39 4.23% $6,441
NEW DAY FINANCIAL, LLC 37 4.99% $11,665
Priority Bank 36 4.97% $7,678
NAVY FEDERAL CREDIT UNION 35 3.52% $7,061
PENNYMAC LOAN SERVICES, LLC 27 3.16% $6,614
FirstTrust Home Loans, Inc. 24 4.53% $7,610
LOANDEPOT.COM, LLC 15 4.27% $9,572
The Federal Savings Bank 14 3.87% $13,193
Centennial Bank 13 4.53% $7,063
AMERISAVE MORTGAGE CORPORATION 13 3.91% $11,799
Gateway First Bank 12 5.28% $7,742
Paramount Residential Mortgage Group, Inc. 11 4.78% $8,632
CALIBER HOME LOANS, INC. 10 4.56% $8,724
Mr. Cooper ( Nationstar Mortgage ) 10 5.16% $10,566
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 10 5.59% $6,718
Regions Bank 9 5.63% $8,382
UNITED WHOLESALE MORTGAGE, LLC 9 4.51% $11,036
PENTAGON FEDERAL CREDIT UNION 8 4.16% $4,066
GENEVA FINANCIAL, LLC 8 5.02% $6,932
DAS Acquisition Company, LLC 8 4.39% $7,747
BROKER SOLUTIONS, INC. 8 4.78% $9,603
NEWREZ LLC 8 4.22% $12,039
S1L, Inc. 7 5.80% $11,813
CORNERSTONE HOME LENDING, INC. 7 5.32% $9,621
BANK OF LITTLE ROCK MORTGAGE CORPORATION 7 3.77% $6,659
LEADERONE FINANCIAL CORPORATION 6 4.83% $9,175
Wells Fargo Bank 6 3.81% $3,855
Flagstar Bank, FSB 6 4.46% $7,953
Barrington Bank & Trust Company, N.A. 6 5.56% $8,181
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 3.87% $9,095
First Horizon Bank 5 4.30% $9,310
COMMUNITY MORTGAGE CORPORATION 5 4.55% $13,511
ENCORE BANK 5 5.35% $2,951
LAKEVIEW LOAN SERVICING, LLC 5 3.37% $3,094
Low VA Rates, LLC 5 4.00% $15,068
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 6.25% $14,677
Plains Commerce Bank 5 4.73% $6,072
The Central Trust Bank 5 4.98% $5,992
NBKC BANK 4 3.69% $2,027
HOME POINT FINANCIAL CORPORATION 4 4.72% $8,711
FIRST COLONY MORTGAGE CORPORATION 4 4.41% $12,488
ZILLOW HOME LOANS, LLC 4 4.44% $10,013
PLANET HOME LENDING, LLC 4 3.84% $10,402
First Federal Bank 4 5.09% $13,472
Network Funding, L.P. 4 5.53% $5,362
Eagle Bank and Trust Company 4 5.19% $16,654
United Bank 3 4.08% $17,559
FIRST WESTERN MORTGAGE, INC. 3 4.96% $5,291
CROSSCOUNTRY MORTGAGE, LLC 3 4.42% $7,800
GMFS LLC 3 3.38% $9,816
GUARANTEED RATE, INC. 3 4.50% $8,889
LOANPAL, LLC 3 4.21% $12,032
Citizens Bank 3 3.50% $5,111
Nations Lending Corporation 3 5.04% $17,563
Carrington Mortgage Services, LLC 3 3.88% $4,125
AMERICAN PACIFIC MORTGAGE CORPORATION 3 4.17% $12,127
RELIANCE FIRST CAPITAL, LLC 3 4.50% $11,288
ASSOCIATED MORTGAGE CORPORATION 3 6.00% $16,170
U.S. Bank 3 4.67% $8,535
Firstar Bank 3 3.13% $4,743
NexBank 2 4.19% $2,666
North American Savings Bank, F.S.B. 2 4.44% $6,957
MID AMERICA MORTGAGE, INC. 2 5.06% $4,471
First Community Bank 2 5.75% $6,925
BOKF 2 4.13% $10,163
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.31% $13,806
SUN WEST MORTGAGE COMPANY, INC. 2 3.85% $6,233
Mid-Continent Funding, Inc. 2 4.13% $4,463
CMG MORTGAGE, INC. 2 5.38% $10,050
AMERICAN FINANCING CORPORATION 2 3.88% $9,519
DHI MORTGAGE COMPANY, LTD. 2 5.13% $3,068
CLEARPATH LENDING 2 5.25% $8,166
GERSHMAN INVESTMENT CORP. 2 5.50% $6,256
PLAZA HOME MORTGAGE, INC. 2 3.94% $8,063
MASON MCDUFFIE MORTGAGE CORPORATION 2 4.88% $5,139
First Financial Bank 2 4.69% $10,769
Chambers Bank 2 5.06% $6,842
Colonial Savings, F.A. 2 5.56% $18,344
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.00% $6,366
Century Mortgage Company DBA Century Lending Company 2 4.50% $3,906
Bank of America 2 3.88% $5,764
First Guaranty Mortgage Corporation 2 3.88% $6,285
SIRVA MORTGAGE, INC. 1 4.88% $13,140
SOUTHWEST STAGE FUNDING, LLC 1 5.88% $5,657
Stride Bank 1 4.00% $39,770
SWBC MORTGAGE CORPORATION 1 5.63% $3,461
First Security Bank 1 5.63% $4,945
THRIVE MORTGAGE, LLC 1 5.63% $17,325
UNION HOME MORTGAGE CORP. 1 4.75% $16,279
GUARANTEED RATE AFFINITY, LLC 1 3.68% $12,528
GUILD MORTGAGE COMPANY 1 4.63% $8,015
DIRECT MORTGAGE, CORP. 1 5.63% $12,242
HOMESTAR FINANCIAL CORPORATION 1 5.75% $3,657
VANDERBILT MORTGAGE AND FINANCE, INC. 1 4.38% $32,931
Hometown Lenders, Inc. 1 4.75% $32,931
United Fidelity Funding Corp. 1 3.88% $7,378
VERITAS FUNDING, LLC 1 5.25% $9,857
Armstrong Bank 1 4.63% $2,634
VILLAGE CAPITAL MORTGAGE 1 5.63% $6,838
MOVEMENT MORTGAGE, LLC 1 3.25% $0
CHERRY CREEK MORTGAGE, LLC 1 5.75% $2,140
Armed Forces Bank 1 2.25% $1,094
CHARTER WEST BANK 1 5.63% $5,508
F & M Bank 1 4.75% $4,618
EMBRACE HOME LOANS, INC. 1 4.25% $11,712
OPEN MORTGAGE, LLC 1 5.00% $4,084
Bell Bank 1 4.75% $3,528
PHH Mortgage Corporation 1 5.63% $3,570
Financial Federal Bank 1 3.00% $2,325
FINANCE OF AMERICA MORTGAGE LLC 1 4.99% $6,351
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $12,438
BAY EQUITY LLC 1 5.25% $15,665
Bank of England 1 3.75% $3,316
RUOFF MORTGAGE COMPANY, INC. 1 5.38% $8,171
BancorpSouth 1 3.00% $12,513
Signature Bank of Arkansas 1 2.75% $2,556

The top Fayetteville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 160 VA loans originated. Their average total fees are $7,321, which is $3,666 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Fayetteville VA lenders (with over 10 loans originated) are USAA Federal Savings Bank ($6,441), PENNYMAC LOAN SERVICES, LLC ($6,614), HIGHLANDS RESIDENTIAL MORTGAGE, LTD. ($6,718), NAVY FEDERAL CREDIT UNION ($7,061) and Centennial Bank ($7,063).

The lowest rate Fayetteville VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.16%), NAVY FEDERAL CREDIT UNION (3.52%), The Federal Savings Bank (3.87%), AMERISAVE MORTGAGE CORPORATION (3.91%) and QUICKEN LOANS, LLC (4.10%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fayetteville (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 $267,600 (7.0%) $350,732 (5.3%) 0.99 2,383
2018-02-01 $278,550 (7.6%) $362,025 (7.9%) 1.01 2,270
2018-03-01 $283,900 (5.5%) $369,023 (7.6%) 1.00 2,316
2018-04-01 $289,950 (3.9%) $376,036 (7.7%) 0.98 2,307
2018-05-01 $296,444 (4.8%) $379,752 (5.8%) 0.99 2,338
2018-06-01 $295,000 (4.6%) $378,603 (5.5%) 0.98 2,439
2018-07-01 $299,450 (7.3%) $389,967 (10.5%) 1.00 2,629
2018-08-01 $295,000 (5.9%) $382,739 (9.4%) 0.99 2,716
2018-09-01 $285,000 (3.6%) $371,275 (8.7%) 0.96 2,750
2018-10-01 $279,950 (1.9%) $370,807 (7.2%) 0.95 2,795
2018-11-01 $277,000 (2.6%) $366,236 (6.1%) 0.94 2,792
2018-12-01 $276,675 (4.4%) $362,875 (5.3%) 0.95 2,665
2019-01-01 $276,000 (3.1%) $360,833 (2.9%) 0.95 2,494
2019-02-01 $277,950 (-0.2%) $366,605 (1.3%) 0.94 2,503
2019-03-01 $286,929 (1.1%) $376,658 (2.1%) 0.94 2,450
2019-04-01 $291,304 (0.5%) $382,483 (1.7%) 0.92 2,405
2019-05-01 $297,300 (0.3%) $391,374 (3.1%) 0.93 2,407
2019-06-01 $299,000 (1.4%) $396,469 (4.7%) 0.93 2,435
2019-07-01 $299,900 (0.2%) $397,506 (1.9%) 0.94 2,419
2019-08-01 $295,545 (0.2%) $389,400 (1.7%) 0.94 2,427
2019-09-01 $291,864 (2.4%) $383,919 (3.4%) 0.93 2,414
2019-10-01 $289,859 (3.5%) $383,598 (3.5%) 0.94 2,364
2019-11-01 $285,000 (2.9%) $382,073 (4.3%) 0.93 2,213
2019-12-01 $283,400 (2.4%) $382,725 (5.5%) 0.95 2,002
2020-01-01 $284,500 (3.1%) $384,916 (6.7%) 0.95 1,840
2020-02-01 $294,500 (6.0%) $401,831 (9.6%) 0.96 1,665
2020-03-01 $299,950 (4.5%) $410,871 (9.1%) 0.94 1,580
2020-04-01 $295,000 (1.3%) $403,379 (5.5%) 0.92 1,701
2020-05-01 $299,900 (0.9%) $418,025 (6.8%) 0.91 1,564
2020-06-01 $312,500 (4.5%) $435,840 (9.9%) 0.92 1,354
2020-07-01 $309,250 (3.1%) $435,530 (9.6%) 0.90 1,258
2020-08-01 $315,000 (6.6%) $443,059 (13.8%) 0.90 1,099
2020-09-01 $312,508 (7.1%) $441,675 (15.0%) 0.90 1,064
2020-10-01 $299,900 (3.5%) $425,941 (11.0%) 0.86 1,053
2020-11-01 $294,790 (3.4%) $427,831 (12.0%) 0.86 956
2020-12-01 $287,450 (1.4%) $425,526 (11.2%) 0.85 869
2021-01-01 $289,900 (1.9%) $433,667 (12.7%) 0.87 727
2021-02-01 $297,870 (1.1%) $449,224 (11.8%) 0.87 587
2021-03-01 $299,231 (-0.2%) $484,332 (17.9%) 0.85 562
2021-04-01 $312,225 (5.8%) $489,503 (21.4%) 0.85 587
2021-05-01 $329,900 (10.0%) $506,396 (21.1%) 0.88 578
2021-06-01 $333,250 (6.6%) $506,679 (16.3%) 0.88 681
2021-07-01 $339,999 (9.9%) $498,293 (14.4%) 0.90 809
2021-08-01 $349,947 (11.1%) $505,851 (14.2%) 0.93 904
2021-09-01 $350,032 (12.0%) $519,440 (17.6%) 0.93 894
2021-10-01 $350,000 (16.7%) $528,404 (24.1%) 0.93 916
2021-11-01 $363,737 (23.4%) $551,515 (28.9%) 0.97 835
2021-12-01 $369,416 (28.5%) $569,483 (33.8%) 1.00 726
2022-01-01 $385,000 (32.8%) $616,318 (42.1%) 1.04 541
2022-02-01 $400,000 (34.3%) $639,990 (42.5%) 1.04 471
2022-03-01 $410,950 (37.3%) $649,346 (34.1%) 1.03 479
2022-04-01 $429,900 (37.7%) $656,448 (34.1%) 1.02 510
2022-05-01 $424,125 (28.6%) $618,518 (22.1%) 0.97 701
2022-06-01 $435,000 (30.5%) $600,955 (18.6%) 0.97 919
2022-07-01 $425,000 (25.0%) $579,193 (16.2%) 0.96 1,309
2022-08-01 $415,105 (18.6%) $577,589 (14.2%) 0.96 1,411
2022-09-01 $407,500 (16.4%) $579,203 (11.5%) 0.95 1,436
2022-10-01 $415,000 (18.6%) $580,573 (9.9%) 0.98 1,583
2022-11-01 $403,475 (10.9%) $580,480 (5.3%) 0.97 1,773
2022-12-01 $396,282 (7.3%) $564,660 (-0.9%) 0.98 1,724
2023-01-01 $399,450 (3.8%) $557,892 (-9.5%) 0.99 1,671
2023-02-01 $402,488 (0.6%) $567,041 (-11.4%) 0.97 1,580
2023-03-01 $407,250 (-0.9%) $571,536 (-12.0%) 0.96 1,529
2023-04-01 $412,000 (-4.2%) $579,990 (-11.7%) 0.96 1,513
2023-05-01 $420,100 (-1.0%) $591,657 (-4.3%) 0.95 1,547
2023-06-01 $423,150 (-2.7%) $584,233 (-2.8%) 0.95 1,613
2023-07-01 $426,289 (0.3%) $580,677 (0.3%) 0.97 1,678
2023-08-01 $433,500 (4.4%) $582,112 (0.8%) 1.00 1,770
2023-09-01 $425,000 (4.3%) $577,840 (-0.2%) 0.99 1,802
2023-10-01 $421,475 (1.6%) $566,011 (-2.5%) 0.99 1,902
2023-11-01 $417,888 (3.6%) $551,830 (-4.9%) 1.00 2,039
2023-12-01 $418,848 (5.7%) $551,097 (-2.4%) 1.02 2,032
2024-01-01 $416,761 (4.3%) $558,632 (0.1%) 1.02 1,869
Fayetteville's median listing price for 2024-01-01 was $416,761, a difference of $17,311 (4.3%) versus the prior year and $-2,087 versus the prior month.

Fayetteville's median listing price comes in at 102% of the national average.

Fayetteville's average listing price for 2024-01-01 was $558,632, a difference of $740 (0.1%) versus the prior year and $7,535 versus the prior month.

For the 2024-01-01 period, Fayetteville had 1,869 MLS listings, a difference of -163 listings (-8%) versus the prior month and 198 listings (12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fayetteville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 85 days 2,254 sqft
2018-02-01 82 days 2,306 sqft
2018-03-01 62 days 2,291 sqft
2018-04-01 58 days 2,326 sqft
2018-05-01 60 days 2,381 sqft
2018-06-01 60 days 2,388 sqft
2018-07-01 53 days 2,401 sqft
2018-08-01 58 days 2,369 sqft
2018-09-01 65 days 2,320 sqft
2018-10-01 68 days 2,280 sqft
2018-11-01 71 days 2,245 sqft
2018-12-01 80 days 2,231 sqft
2019-01-01 85 days 2,221 sqft
2019-02-01 78 days 2,233 sqft
2019-03-01 68 days 2,279 sqft
2019-04-01 60 days 2,315 sqft
2019-05-01 56 days 2,346 sqft
2019-06-01 59 days 2,355 sqft
2019-07-01 64 days 2,361 sqft
2019-08-01 65 days 2,314 sqft
2019-09-01 65 days 2,282 sqft
2019-10-01 66 days 2,261 sqft
2019-11-01 70 days 2,231 sqft
2019-12-01 87 days 2,210 sqft
2020-01-01 90 days 2,225 sqft
2020-02-01 80 days 2,275 sqft
2020-03-01 60 days 2,292 sqft
2020-04-01 54 days 2,232 sqft
2020-05-01 60 days 2,270 sqft
2020-06-01 57 days 2,298 sqft
2020-07-01 51 days 2,225 sqft
2020-08-01 52 days 2,232 sqft
2020-09-01 60 days 2,198 sqft
2020-10-01 64 days 2,130 sqft
2020-11-01 66 days 2,067 sqft
2020-12-01 68 days 2,027 sqft
2021-01-01 61 days 2,009 sqft
2021-02-01 53 days 1,977 sqft
2021-03-01 44 days 1,968 sqft
2021-04-01 34 days 1,976 sqft
2021-05-01 37 days 2,013 sqft
2021-06-01 35 days 2,073 sqft
2021-07-01 35 days 2,074 sqft
2021-08-01 34 days 2,024 sqft
2021-09-01 39 days 2,048 sqft
2021-10-01 40 days 2,037 sqft
2021-11-01 45 days 2,142 sqft
2021-12-01 51 days 2,133 sqft
2022-01-01 59 days 2,142 sqft
2022-02-01 48 days 2,200 sqft
2022-03-01 38 days 2,159 sqft
2022-04-01 34 days 2,112 sqft
2022-05-01 31 days 2,102 sqft
2022-06-01 31 days 2,171 sqft
2022-07-01 33 days 2,141 sqft
2022-08-01 42 days 2,093 sqft
2022-09-01 49 days 2,084 sqft
2022-10-01 51 days 2,100 sqft
2022-11-01 47 days 2,073 sqft
2022-12-01 60 days 2,052 sqft
2023-01-01 77 days 2,052 sqft
2023-02-01 72 days 2,065 sqft
2023-03-01 60 days 2,070 sqft
2023-04-01 54 days 2,075 sqft
2023-05-01 50 days 2,080 sqft
2023-06-01 49 days 2,081 sqft
2023-07-01 52 days 2,089 sqft
2023-08-01 52 days 2,093 sqft
2023-09-01 54 days 2,066 sqft
2023-10-01 60 days 2,055 sqft
2023-11-01 58 days 2,036 sqft
2023-12-01 64 days 2,015 sqft
2024-01-01 75 days 2,014 sqft
Fayetteville's median listing age (time on market) for 2024-01-01 was 75 days. This is -2% shorter than the same period one year ago.

Fayetteville's median square footage for active listings during the 2024-01-01 period was 2,014 sqft. One year prior, the average listing was 2,052 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.