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%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Fayetteville level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 260 2.85% $5,547
QUICKEN LOANS, LLC 201 2.50% $5,768
FREEDOM MORTGAGE CORPORATION 132 2.48% $2,578
Arvest Bank 126 2.77% $4,787
PENNYMAC LOAN SERVICES, LLC 69 2.44% $4,988
USAA Federal Savings Bank 69 2.92% $4,886
NEW DAY FINANCIAL, LLC 60 2.79% $6,187
FLAT BRANCH MORTGAGE, INC. 50 2.98% $6,828
NAVY FEDERAL CREDIT UNION 39 2.51% $4,918
LOANDEPOT.COM, LLC 35 2.66% $4,540
First Horizon Bank 34 2.67% $7,075
HOME POINT FINANCIAL CORPORATION 31 2.58% $5,362
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 31 2.93% $4,614
Priority Bank 29 2.59% $7,373
CLEARPATH LENDING 26 2.36% $4,074
LAKEVIEW LOAN SERVICING, LLC 25 2.48% $2,389
FirstTrust Home Loans, Inc. 24 2.76% $5,978
Gateway First Bank 23 2.77% $5,080
The Federal Savings Bank 21 2.65% $7,693
UNITED WHOLESALE MORTGAGE, LLC 21 2.46% $5,843
VILLAGE CAPITAL & INVESTMENT LLC 20 2.45% $2,795
Barrington Bank & Trust Company, N.A. 20 2.88% $4,887
Mr. Cooper ( Nationstar Mortgage ) 20 2.76% $3,427
CALIBER HOME LOANS, INC. 17 2.61% $3,015
CORNERSTONE HOME LENDING, INC. 17 3.04% $5,276
Low VA Rates, LLC 14 2.36% $4,072
ENCORE BANK 13 2.54% $7,776
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 3.09% $3,671
Wells Fargo Bank 12 2.47% $3,791
PLANET HOME LENDING, LLC 11 2.45% $1,549
Eagle Bank and Trust Company 11 2.48% $4,635
NEWREZ LLC 10 2.85% $5,269
AMERICAN FINANCIAL NETWORK, INC. 10 2.38% $10,583
Plains Commerce Bank 10 2.54% $5,593
AMERISAVE MORTGAGE CORPORATION 9 2.74% $3,810
U.S. Bank 9 2.58% $7,599
SOVEREIGN LENDING GROUP INCORPORATED 8 2.62% $7,624
Centennial Bank 8 2.73% $6,824
MASON MCDUFFIE MORTGAGE CORPORATION 8 2.63% $5,212
LEADERONE FINANCIAL CORPORATION 8 2.84% $5,854
ZILLOW HOME LOANS, LLC 7 2.77% $6,596
Magnolia Bank 7 2.55% $9,001
PENTAGON FEDERAL CREDIT UNION 7 2.43% $1,199
TJC Mortgage, Inc. 7 2.18% $4,821
ACCELERATE MORTGAGE, LLC 6 2.25% $5,452
GMFS LLC 6 2.88% $3,169
OPEN MORTGAGE, LLC 6 3.27% $6,083
COMMUNITY MORTGAGE CORPORATION 6 2.75% $3,484
First Federal Bank 6 3.17% $6,985
FIRST WESTERN MORTGAGE, INC. 6 2.77% $6,019
Chambers Bank 6 2.67% $7,482
BROKER SOLUTIONS, INC. 6 2.60% $7,959
North American Savings Bank, F.S.B. 5 2.43% $5,799
Paramount Residential Mortgage Group, Inc. 5 2.50% $7,738
United Fidelity Funding Corp. 5 2.77% $10,189
DAS Acquisition Company, LLC 5 3.18% $5,575
Colonial Savings, F.A. 5 3.50% $4,401
BOKF 5 2.93% $4,520
Carrington Mortgage Services, LLC 5 2.95% $6,747
First Guaranty Mortgage Corporation 5 2.65% $3,648
Citizens Bank 5 2.50% $4,351
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.50% $4,291
GENEVA FINANCIAL, LLC 4 3.34% $7,473
First Financial Bank 4 2.78% $8,628
PLAZA HOME MORTGAGE, INC. 4 2.75% $12,364
CROSSCOUNTRY MORTGAGE, LLC 4 2.71% $8,678
Chickasaw Community Bank 4 2.75% $5,879
ARKANSAS Federal Credit Union 4 2.63% $5,118
Regions Bank 4 3.06% $9,319
KS StateBank 4 2.41% $7,203
Flagstar Bank, FSB 4 2.53% $4,606
THRIVE MORTGAGE, LLC 4 2.63% $11,148
BNC National Bank 4 2.59% $10,002
MUTUAL OF OMAHA MORTGAGE, INC. 4 2.56% $5,302
NBKC BANK 4 2.81% $2,003
RELIANCE FIRST CAPITAL, LLC 3 3.04% $3,886
GUARANTEED RATE, INC. 3 2.67% $11,544
Bank of England 3 2.25% $5,868
GUILD MORTGAGE COMPANY 3 2.71% $11,039
First Security Bank 3 2.58% $3,369
Wyndham Capital Mortgage, Inc. 3 2.42% $1,848
The Central Trust Bank 3 2.25% $2,367
ASSOCIATED MORTGAGE CORPORATION 2 3.00% $5,904
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.56% $3,990
KELLER MORTGAGE, LLC 2 2.44% $7,810
SUN WEST MORTGAGE COMPANY, INC. 2 2.69% $3,255
AMERICAN FINANCIAL RESOURCES, INC. 2 3.25% $6,619
Nations Lending Corporation 2 3.00% $5,583
Truist Bank 2 2.63% $473
Prosperity Home Mortgage, LLC 2 2.75% $4,784
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.63% $8,866
MORTGAGE FINANCIAL SERVICES, LLC 2 2.44% $2,985
AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.81% $17,153
DRAPER AND KRAMER MORTGAGE CORP. 1 2.75% $2,953
First Home Bank 1 2.38% $3,916
First Savings Bank 1 2.25% $9,031
First Western Trust Bank 1 2.63% $10,824
Generations Bank 1 2.75% $8,613
Great Southern Bank 1 2.75% $1,694
Guaranty Bank 1 2.75% $1,692
Hancock Whitney Bank 1 2.25% $3,248
CHURCHILL MORTGAGE CORPORATION 1 2.75% $10,396
HOMESTAR FINANCIAL CORPORATION 1 2.25% $1,785
Intrust Bank 1 2.88% $1,780
CELEBRITY HOME LOANS, LLC 1 3.00% $6,650
LENOX FINANCIAL MORTGAGE CORPORATION 1 2.88% $3,581
Manufacturers and Traders Trust Company 1 3.00% $6,373
MID AMERICA MORTGAGE, INC. 1 3.88% $1,761
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.50% $6,429
MOVEMENT MORTGAGE, LLC 1 2.75% $7,931
BELEM SERVICING LLC 1 2.75% $2,742
BancorpSouth Bank 1 3.00% $8,730
Oakstar Bank 1 2.25% $957
Paramount Bank 1 2.25% $6,750
PHH Mortgage Corporation 1 2.50% $16,599
Armstrong Bank 1 2.63% $2,472
POLARIS HOME FUNDING CORP. 1 3.75% $6,181
PREMIA MORTGAGE, LLC 1 2.38% $6,395
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.38% $7,785
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.50% $1,797
Ameris Bank 1 2.50% $5,984
ROYAL UNITED MORTGAGE LLC 1 2.25% $8,070
Sierra Pacific Mortgage Company, Inc. 1 3.63% $8,557
Simmons Bank 1 2.75% $2,734
SIRVA MORTGAGE, INC. 1 2.38% $0
SOUTHWEST STAGE FUNDING, LLC 1 3.38% $6,480
Amerifirst Financial, Inc. 1 2.38% $2,234
Stifel Bank and Trust 1 3.00% $3,090
Sunflower Bank 1 2.25% $2,459
ACADEMY MORTGAGE CORPORATION 1 2.75% $4,126
UNION HOME MORTGAGE CORP. 1 2.75% $2,701
UNITED 1 2.38% $3,775
American Mortgage & Equity Consultants, Inc. 1 2.75% $3,397
AMERICAN FINANCING CORPORATION 1 2.25% $9,152
AMCAP MORTGAGE, LTD. 1 2.25% $19,840
EMBRACE HOME LOANS, INC. 1 2.75% $3,287
Equity Prime Mortgage LLC 1 2.63% $1,324
Firstar Bank 1 2.25% $2,582

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. Louis
Date 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 for 2022-04-01 was $425,000, a difference of $122,550 (40.5%) versus the prior year and $12,500 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 38 days. This is 4% longer than the same period one year ago.

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.

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.