Fayetteville VA Loan Rates, Closing Costs & Stats

FAYETTEVILLE-SPRINGDALE-ROGERS, 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.

    Fayetteville's 98 lenders originated 768 VA loans during 2023. The total origination value was $263,200,000, with an average VA loan value of $342,708.

    Fayetteville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fayetteville averaged 6.96% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Fayetteville's average VA mortgage closing costs are $5,715.

    The average rate for the prior week (2024-04-12) was 6.89% and one month ago for the week of 2024-03-15, the average rate was 6.65%.

    The average rate one year ago was 6.04%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.02%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 125 6.60% $7,754
    QUICKEN LOANS, LLC 49 6.21% $11,817
    Arvest Bank 49 6.35% $6,339
    FLAT BRANCH MORTGAGE, INC. 46 6.37% $8,159
    NAVY FEDERAL CREDIT UNION 43 5.87% $3,998
    USAA Federal Savings Bank 30 6.38% $9,177
    Priority Bank 29 6.14% $8,461
    UNITED WHOLESALE MORTGAGE, LLC 21 6.57% $9,216
    FREEDOM MORTGAGE CORPORATION 17 6.50% $16,711
    GERSHMAN INVESTMENT CORP. 17 5.90% $5,690
    The Federal Savings Bank 15 6.21% $14,402
    DHI MORTGAGE COMPANY, LTD. 14 5.97% $5,377
    Gateway First Bank 13 6.70% $9,936
    Centennial Bank 13 6.31% $8,394
    Plains Commerce Bank 11 6.33% $9,257
    PENTAGON FEDERAL CREDIT UNION 11 5.63% $6,282
    PENNYMAC LOAN SERVICES, LLC 10 5.46% $7,243
    BROKER SOLUTIONS, INC. 9 6.67% $6,039
    CORNERSTONE HOME LENDING, INC. 9 6.67% $3,756
    LOANDEPOT.COM, LLC 9 6.36% $11,877
    First Federal Bank 8 6.30% $12,039
    NEW DAY FINANCIAL, LLC 8 7.61% $15,482
    NBKC BANK 7 6.11% $11,714
    ASSOCIATED MORTGAGE CORPORATION 7 5.86% $10,651
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.73% $3,237
    GUARANTEED RATE, INC. 6 6.36% $5,582
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.79% $2,186
    VILLAGE CAPITAL MORTGAGE 5 6.13% $8,059
    Regions Bank 4 6.09% $7,280
    Citizens Bank 4 6.00% $5,009
    FirstTrust Home Loans, Inc. 4 5.84% $9,489
    COMMUNITY MORTGAGE CORPORATION 4 7.00% $3,741
    AMERISAVE MORTGAGE CORPORATION 4 5.78% $20,761
    Paramount Residential Mortgage Group, Inc. 4 5.72% $8,913
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.66% $5,379
    LEADERONE FINANCIAL CORPORATION 4 6.69% $12,586
    Mr. Cooper ( Nationstar Mortgage ) 4 5.47% $16,250
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.46% $9,144
    FIRST WESTERN MORTGAGE, INC. 3 6.21% $5,657
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 3 6.29% $6,821
    VERITAS FUNDING, LLC 3 6.50% $23,188
    United Fidelity Funding Corp. 3 6.46% $7,294
    OPEN MORTGAGE, LLC 3 6.04% $12,985
    GENEVA FINANCIAL, LLC 3 7.04% $3,620
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.58% $18,203
    NEWREZ LLC 3 6.42% $9,971
    CROSSCOUNTRY MORTGAGE, LLC 3 7.42% $12,139
    The Central Trust Bank 3 7.17% $11,110
    Firstar Bank 3 5.91% $8,556
    U.S. Bank 3 6.46% $4,741
    First Financial Bank 3 6.67% $10,079
    Bank of England 3 6.13% $8,505
    S1L, Inc. 3 6.25% $9,147
    First Security Bank 3 6.63% $4,847
    Wells Fargo Bank 2 6.19% $7,813
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.19% $15,285
    Armed Forces Bank 2 5.69% $11,883
    Barrington Bank & Trust Company, N.A. 2 7.00% $10,396
    BNC National Bank 2 6.00% $17,365
    BOKF 2 6.13% $7,637
    CHURCHILL MORTGAGE CORPORATION 2 6.19% $10,310
    Colonial Savings, F.A. 2 6.56% $18,860
    Eagle Bank and Trust Company 2 6.69% $4,093
    First Horizon Bank 2 6.00% $7,395
    JPMorgan Chase Bank 2 6.75% $2,406
    Magnolia Bank 2 6.44% $12,577
    Sierra Pacific Mortgage Company, Inc. 2 6.56% $8,344
    SOUTHWEST STAGE FUNDING, LLC 2 6.38% $6
    SUN WEST MORTGAGE COMPANY, INC. 2 6.19% $12,528
    UNION HOME MORTGAGE CORP. 2 6.31% $7,840
    UNITED 2 6.44% $5,789
    PLAZA HOME MORTGAGE, INC. 1 6.75% $25,022
    PREMIA MORTGAGE, LLC 1 5.63% $3,863
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $9,570
    MID AMERICA MORTGAGE, INC. 1 6.75% $3,933
    Great Southern Bank 1 6.99% $1,730
    Flagstar Bank, FSB 1 5.50% $29,743
    RELIANCE FIRST CAPITAL, LLC 1 5.75% $21,904
    First Savings Bank 1 6.75% $22,621
    CARDINAL FINANCIAL 1 6.25% $8,808
    Capital Bank 1 5.75% $13,218
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $2,894
    BancorpSouth 1 7.00% $15,849
    SWBC MORTGAGE CORPORATION 1 7.13% $10,681
    Farmers Bank & Trust 1 5.13% $1,958
    Community First National Bank 1 6.75% $2,847
    TJC Mortgage, Inc. 1 5.13% $19,049
    TOP FLITE FINANCIAL, INC. 1 6.75% $25,032
    Armstrong Bank 1 6.25% $3,805
    AMERICAN INTERNET MORTGAGE, INC. 1 5.75% $8,434
    United Bank 1 7.75% $3,015
    CMG MORTGAGE, INC. 1 7.13% $6,433
    Chambers Bank 1 5.75% $5,412
    Old National Bank 1 4.75% $6,582
    Network Funding, L.P. 1 6.25% $1,965
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.88% $4,217
    Mortgage Assurance Inc. 1 6.25% $33,377
    PLANET HOME LENDING, LLC 1 6.38% $7,425

    The top Fayetteville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 125 VA loans originated. Their average total fees are $7,754, which is $4,063 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Fayetteville VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($3,998), DHI MORTGAGE COMPANY, LTD. ($5,377), GERSHMAN INVESTMENT CORP. ($5,690), PENTAGON FEDERAL CREDIT UNION ($6,282) and Arvest Bank ($6,339).

    The lowest rate Fayetteville VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.46%), PENTAGON FEDERAL CREDIT UNION (5.63%), NAVY FEDERAL CREDIT UNION (5.87%), GERSHMAN INVESTMENT CORP. (5.90%) and DHI MORTGAGE COMPANY, LTD. (5.97%).

    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
    2024-02-01 $429,150 (6.6%) $585,622 (3.3%) 1.03 1,662
    2024-03-01 $430,000 (5.6%) $587,711 (2.8%) 1.01 1,698
    Fayetteville's median listing price for 2024-03-01 was $430,000, a difference of $22,750 (5.6%) versus the prior year and $850 versus the prior month.

    Fayetteville's median listing price comes in at 101% of the national average.

    Fayetteville's average listing price for 2024-03-01 was $587,711, a difference of $16,175 (2.8%) versus the prior year and $2,089 versus the prior month.

    For the 2024-03-01 period, Fayetteville had 1,698 MLS listings, a difference of 36 listings (2%) versus the prior month and 169 listings (11%) 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
    2024-02-01 76 days 2,030 sqft
    2024-03-01 55 days 2,030 sqft
    Fayetteville's median listing age (time on market) for 2024-03-01 was 55 days. This is -9% shorter than the same period one year ago.

    Fayetteville's median square footage for active listings during the 2024-03-01 period was 2,030 sqft. One year prior, the average listing was 2,070 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.