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 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 6.66% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

    Fayetteville's average VA mortgage closing costs are $4,830.

    The average rate for the prior week (2022-11-25) was 6.49% and one month ago for the week of 2022-10-28, the average rate was 7.08%.

    The average rate one year ago was 3.36%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.32%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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 MORTGAGE 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
    COMMUNITY MORTGAGE CORPORATION 6 2.75% $3,484
    First Federal Bank 6 3.17% $6,985
    OPEN MORTGAGE, LLC 6 3.27% $6,083
    FIRST WESTERN MORTGAGE, INC. 6 2.77% $6,019
    Chambers Bank 6 2.67% $7,482
    BROKER SOLUTIONS, INC. 6 2.60% $7,959
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.50% $4,291
    North American Savings Bank, F.S.B. 5 2.43% $5,799
    United Fidelity Funding Corp. 5 2.77% $10,189
    Paramount Residential Mortgage Group, Inc. 5 2.50% $7,738
    Carrington Mortgage Services, LLC 5 2.95% $6,747
    Citizens Bank 5 2.50% $4,351
    BOKF 5 2.93% $4,520
    First Guaranty Mortgage Corporation 5 2.65% $3,648
    Colonial Savings, F.A. 5 3.50% $4,401
    DAS Acquisition Company, LLC 5 3.18% $5,575
    CROSSCOUNTRY MORTGAGE, LLC 4 2.71% $8,678
    First Financial Bank 4 2.78% $8,628
    PLAZA HOME MORTGAGE, INC. 4 2.75% $12,364
    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
    GENEVA FINANCIAL, LLC 4 3.34% $7,473
    MUTUAL OF OMAHA MORTGAGE, INC. 4 2.56% $5,302
    NBKC BANK 4 2.81% $2,003
    GUILD MORTGAGE COMPANY 3 2.71% $11,039
    GUARANTEED RATE, INC. 3 2.67% $11,544
    Wyndham Capital Mortgage, Inc. 3 2.42% $1,848
    Bank of England 3 2.25% $5,868
    RELIANCE FIRST CAPITAL, LLC 3 3.04% $3,886
    First Security Bank 3 2.58% $3,369
    The Central Trust Bank 3 2.25% $2,367
    Nations Lending Corporation 2 3.00% $5,583
    KELLER MORTGAGE, LLC 2 2.44% $7,810
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.56% $3,990
    SUN WEST MORTGAGE COMPANY, INC. 2 2.69% $3,255
    AMERICAN FINANCIAL RESOURCES, INC. 2 3.25% $6,619
    Prosperity Home Mortgage, LLC 2 2.75% $4,784
    Truist 2 2.63% $473
    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
    ASSOCIATED MORTGAGE CORPORATION 2 3.00% $5,904
    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
    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
    M&T Bank 1 3.00% $6,373
    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 MORTGAGE ($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 MORTGAGE (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 $267,525 (7.0%) $350,035 (5.1%) 0.99 2,380
    2018-02-01 $278,025 (7.4%) $361,304 (7.7%) 1.01 2,267
    2018-03-01 $283,900 (5.3%) $368,328 (7.3%) 1.00 2,313
    2018-04-01 $289,925 (3.9%) $375,340 (7.4%) 0.98 2,304
    2018-05-01 $296,466 (4.7%) $379,474 (5.7%) 0.99 2,336
    2018-06-01 $295,000 (4.5%) $378,603 (5.4%) 0.98 2,439
    2018-07-01 $299,450 (7.3%) $389,967 (10.6%) 1.00 2,629
    2018-08-01 $295,000 (5.9%) $382,699 (9.6%) 0.99 2,716
    2018-09-01 $285,000 (3.6%) $371,275 (8.8%) 0.96 2,750
    2018-10-01 $279,950 (2.0%) $370,807 (7.4%) 0.95 2,795
    2018-11-01 $277,000 (2.6%) $366,236 (6.3%) 0.94 2,792
    2018-12-01 $276,675 (4.4%) $362,875 (5.5%) 0.95 2,665
    2019-01-01 $276,000 (3.2%) $360,833 (3.1%) 0.95 2,494
    2019-02-01 $277,950 (0.0%) $366,605 (1.5%) 0.94 2,503
    2019-03-01 $287,036 (1.1%) $376,269 (2.2%) 0.94 2,450
    2019-04-01 $291,411 (0.5%) $382,205 (1.8%) 0.93 2,405
    2019-05-01 $297,300 (0.3%) $391,376 (3.1%) 0.93 2,408
    2019-06-01 $299,000 (1.4%) $396,423 (4.7%) 0.93 2,436
    2019-07-01 $299,900 (0.2%) $397,459 (1.9%) 0.94 2,423
    2019-08-01 $295,545 (0.2%) $389,440 (1.8%) 0.94 2,431
    2019-09-01 $291,864 (2.4%) $383,900 (3.4%) 0.93 2,418
    2019-10-01 $289,859 (3.5%) $383,534 (3.4%) 0.94 2,368
    2019-11-01 $285,400 (3.0%) $382,155 (4.4%) 0.94 2,217
    2019-12-01 $283,500 (2.5%) $382,810 (5.5%) 0.95 2,006
    2020-01-01 $284,763 (3.2%) $385,003 (6.7%) 0.95 1,844
    2020-02-01 $294,900 (6.1%) $401,891 (9.6%) 0.96 1,669
    2020-03-01 $299,950 (4.5%) $410,914 (9.2%) 0.94 1,584
    2020-04-01 $295,000 (1.2%) $403,499 (5.6%) 0.92 1,704
    2020-05-01 $299,900 (0.9%) $418,052 (6.8%) 0.91 1,568
    2020-06-01 $312,500 (4.5%) $435,847 (9.9%) 0.92 1,358
    2020-07-01 $309,350 (3.2%) $435,537 (9.6%) 0.90 1,261
    2020-08-01 $315,900 (6.9%) $443,019 (13.8%) 0.91 1,104
    2020-09-01 $312,554 (7.1%) $441,359 (15.0%) 0.90 1,069
    2020-10-01 $299,900 (3.5%) $425,696 (11.0%) 0.86 1,058
    2020-11-01 $295,095 (3.4%) $427,534 (11.9%) 0.86 961
    2020-12-01 $287,450 (1.4%) $425,542 (11.2%) 0.85 873
    2021-01-01 $289,950 (1.8%) $433,651 (12.6%) 0.87 731
    2021-02-01 $297,870 (1.0%) $449,122 (11.8%) 0.87 591
    2021-03-01 $299,350 (-0.2%) $484,037 (17.8%) 0.85 566
    2021-04-01 $313,556 (6.3%) $489,602 (21.3%) 0.85 590
    2021-05-01 $329,950 (10.0%) $506,429 (21.1%) 0.87 581
    2021-06-01 $334,125 (6.9%) $506,706 (16.3%) 0.88 684
    2021-07-01 $340,000 (9.9%) $498,496 (14.5%) 0.90 811
    2021-08-01 $349,944 (10.8%) $505,695 (14.2%) 0.93 908
    2021-09-01 $350,032 (12.0%) $519,394 (17.7%) 0.93 897
    2021-10-01 $350,000 (16.7%) $528,432 (24.1%) 0.93 919
    2021-11-01 $364,000 (23.4%) $551,656 (29.0%) 0.97 837
    2021-12-01 $370,041 (28.7%) $569,455 (33.8%) 1.00 729
    2022-01-01 $385,000 (32.8%) $615,753 (42.0%) 1.04 544
    2022-02-01 $400,000 (34.3%) $639,260 (42.3%) 1.04 474
    2022-03-01 $410,450 (37.1%) $648,631 (34.0%) 1.03 482
    2022-04-01 $429,900 (37.1%) $655,738 (33.9%) 1.03 513
    2022-05-01 $423,723 (28.4%) $617,960 (22.0%) 0.97 705
    2022-06-01 $435,000 (30.2%) $600,345 (18.5%) 0.97 923
    2022-07-01 $424,950 (25.0%) $578,800 (16.1%) 0.96 1,313
    2022-08-01 $414,373 (18.4%) $577,226 (14.2%) 0.96 1,415
    2022-09-01 $407,500 (16.4%) $578,848 (11.5%) 0.95 1,440
    2022-10-01 $414,994 (18.6%) $580,230 (9.8%) 0.98 1,587
    2022-11-01 $403,325 (10.8%) $580,167 (5.2%) 0.97 1,777
    Fayetteville's median listing price for 2022-11-01 was $403,325, a difference of $39,325 (10.8%) versus the prior year and $-11,669 versus the prior month.

    Fayetteville's median listing price comes in at 97% of the national average.

    Fayetteville's average listing price for 2022-11-01 was $580,167, a difference of $28,511 (5.2%) versus the prior year and $-63 versus the prior month.

    For the 2022-11-01 period, Fayetteville had 1,777 MLS listings, a difference of 190 listings (12%) versus the prior month and 940 listings (112%) 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 2,254 sqft
    2018-02-01 85 days 2,305 sqft
    2018-03-01 66 days 2,290 sqft
    2018-04-01 61 days 2,326 sqft
    2018-05-01 63 days 2,381 sqft
    2018-06-01 62 days 2,388 sqft
    2018-07-01 56 days 2,401 sqft
    2018-08-01 60 days 2,369 sqft
    2018-09-01 67 days 2,320 sqft
    2018-10-01 72 days 2,280 sqft
    2018-11-01 73 days 2,245 sqft
    2018-12-01 82 days 2,231 sqft
    2019-01-01 88 days 2,221 sqft
    2019-02-01 83 days 2,233 sqft
    2019-03-01 72 days 2,280 sqft
    2019-04-01 64 days 2,316 sqft
    2019-05-01 58 days 2,346 sqft
    2019-06-01 63 days 2,355 sqft
    2019-07-01 67 days 2,361 sqft
    2019-08-01 68 days 2,316 sqft
    2019-09-01 70 days 2,283 sqft
    2019-10-01 71 days 2,261 sqft
    2019-11-01 73 days 2,232 sqft
    2019-12-01 92 days 2,210 sqft
    2020-01-01 95 days 2,226 sqft
    2020-02-01 87 days 2,276 sqft
    2020-03-01 64 days 2,294 sqft
    2020-04-01 58 days 2,234 sqft
    2020-05-01 65 days 2,274 sqft
    2020-06-01 60 days 2,300 sqft
    2020-07-01 56 days 2,226 sqft
    2020-08-01 56 days 2,234 sqft
    2020-09-01 65 days 2,198 sqft
    2020-10-01 66 days 2,132 sqft
    2020-11-01 72 days 2,067 sqft
    2020-12-01 71 days 2,028 sqft
    2021-01-01 66 days 2,013 sqft
    2021-02-01 57 days 1,980 sqft
    2021-03-01 45 days 1,971 sqft
    2021-04-01 35 days 1,978 sqft
    2021-05-01 38 days 2,013 sqft
    2021-06-01 36 days 2,074 sqft
    2021-07-01 36 days 2,075 sqft
    2021-08-01 35 days 2,025 sqft
    2021-09-01 40 days 2,048 sqft
    2021-10-01 41 days 2,038 sqft
    2021-11-01 45 days 2,144 sqft
    2021-12-01 51 days 2,134 sqft
    2022-01-01 62 days 2,144 sqft
    2022-02-01 50 days 2,203 sqft
    2022-03-01 39 days 2,165 sqft
    2022-04-01 36 days 2,116 sqft
    2022-05-01 32 days 2,107 sqft
    2022-06-01 32 days 2,172 sqft
    2022-07-01 34 days 2,143 sqft
    2022-08-01 44 days 2,094 sqft
    2022-09-01 50 days 2,085 sqft
    2022-10-01 52 days 2,100 sqft
    2022-11-01 48 days 2,073 sqft
    Fayetteville's median listing age (time on market) for 2022-11-01 was 48 days. This is 6% longer than the same period one year ago.

    Fayetteville's median square footage for active listings during the 2022-11-01 period was 2,073 sqft. One year prior, the average listing was 2,144 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.