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 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 6.16% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

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

    The average rate for the prior week (2023-05-19) was 6.18% and one month ago for the week of 2023-04-21, the average rate was 5.9%.

    The average rate one year ago was 4.77%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.27%.

    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 Bank 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 $267,525 (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 $289,200 (1.9%) $378,212 (2.7%) 0.96 2,412
    2019-04-01 $290,899 (0.3%) $382,794 (2.0%) 0.92 2,393
    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 $298,000 (1.0%) $393,344 (2.8%) 0.93 2,431
    2019-09-01 $299,125 (5.0%) $394,976 (6.4%) 0.94 2,211
    2019-10-01 $289,900 (3.6%) $384,484 (3.7%) 0.94 2,345
    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 (3.7%) $410,871 (8.6%) 0.94 1,580
    2020-04-01 $295,000 (1.4%) $403,443 (5.4%) 0.92 1,700
    2020-05-01 $299,900 (0.9%) $418,025 (6.8%) 0.91 1,564
    2020-06-01 $312,500 (4.5%) $435,861 (9.9%) 0.92 1,354
    2020-07-01 $309,052 (3.1%) $435,552 (9.6%) 0.90 1,257
    2020-08-01 $315,000 (5.7%) $443,059 (12.6%) 0.90 1,100
    2020-09-01 $312,431 (4.5%) $441,393 (11.8%) 0.90 1,065
    2020-10-01 $299,900 (3.5%) $425,684 (10.7%) 0.86 1,054
    2020-11-01 $294,770 (3.4%) $427,526 (11.9%) 0.86 957
    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 $312,616 (6.0%) $489,913 (21.4%) 0.85 586
    2021-05-01 $329,950 (10.0%) $506,815 (21.2%) 0.88 577
    2021-06-01 $334,125 (6.9%) $507,048 (16.3%) 0.88 680
    2021-07-01 $340,000 (10.0%) $498,584 (14.5%) 0.90 808
    2021-08-01 $349,947 (11.1%) $506,027 (14.2%) 0.93 904
    2021-09-01 $350,032 (12.0%) $519,440 (17.7%) 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 (29.0%) 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 (37.5%) $656,448 (34.0%) 1.02 510
    2022-05-01 $424,125 (28.5%) $618,518 (22.0%) 0.97 701
    2022-06-01 $435,000 (30.2%) $600,955 (18.5%) 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 (14.1%) 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 $397,000 (7.5%) $564,660 (-0.9%) 0.98 1,724
    2023-01-01 $399,450 (3.8%) $557,960 (-9.5%) 0.99 1,671
    2023-02-01 $403,000 (0.8%) $568,557 (-11.2%) 0.97 1,581
    2023-03-01 $407,250 (-0.9%) $571,517 (-12.0%) 0.96 1,530
    2023-04-01 $412,918 (-4.0%) $580,205 (-11.6%) 0.96 1,514
    Fayetteville's median listing price for 2023-04-01 was $412,918, a difference of $-16,982 (-4.0%) versus the prior year and $5,668 versus the prior month.

    Fayetteville's median listing price comes in at 96% of the national average.

    Fayetteville's average listing price for 2023-04-01 was $580,205, a difference of $-76,243 (-11.6%) versus the prior year and $8,688 versus the prior month.

    For the 2023-04-01 period, Fayetteville had 1,514 MLS listings, a difference of -16 listings (-1%) versus the prior month and 1,004 listings (197%) 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 67 days 2,311 sqft
    2019-04-01 64 days 2,320 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 73 days 2,334 sqft
    2019-09-01 80 days 2,331 sqft
    2019-10-01 72 days 2,265 sqft
    2019-11-01 73 days 2,231 sqft
    2019-12-01 91 days 2,210 sqft
    2020-01-01 95 days 2,225 sqft
    2020-02-01 87 days 2,275 sqft
    2020-03-01 64 days 2,292 sqft
    2020-04-01 58 days 2,232 sqft
    2020-05-01 65 days 2,272 sqft
    2020-06-01 60 days 2,298 sqft
    2020-07-01 56 days 2,224 sqft
    2020-08-01 55 days 2,232 sqft
    2020-09-01 65 days 2,198 sqft
    2020-10-01 65 days 2,130 sqft
    2020-11-01 71 days 2,066 sqft
    2020-12-01 71 days 2,026 sqft
    2021-01-01 65 days 2,009 sqft
    2021-02-01 56 days 1,977 sqft
    2021-03-01 45 days 1,968 sqft
    2021-04-01 35 days 1,976 sqft
    2021-05-01 38 days 2,013 sqft
    2021-06-01 36 days 2,073 sqft
    2021-07-01 36 days 2,072 sqft
    2021-08-01 34 days 2,024 sqft
    2021-09-01 40 days 2,047 sqft
    2021-10-01 41 days 2,037 sqft
    2021-11-01 45 days 2,142 sqft
    2021-12-01 51 days 2,132 sqft
    2022-01-01 61 days 2,141 sqft
    2022-02-01 50 days 2,195 sqft
    2022-03-01 39 days 2,157 sqft
    2022-04-01 35 days 2,112 sqft
    2022-05-01 32 days 2,102 sqft
    2022-06-01 32 days 2,171 sqft
    2022-07-01 34 days 2,140 sqft
    2022-08-01 43 days 2,093 sqft
    2022-09-01 50 days 2,084 sqft
    2022-10-01 52 days 2,099 sqft
    2022-11-01 48 days 2,073 sqft
    2022-12-01 60 days 2,051 sqft
    2023-01-01 79 days 2,052 sqft
    2023-02-01 73 days 2,066 sqft
    2023-03-01 61 days 2,072 sqft
    2023-04-01 57 days 2,076 sqft
    Fayetteville's median listing age (time on market) for 2023-04-01 was 57 days. This is 63% longer than the same period one year ago.

    Fayetteville's median square footage for active listings during the 2023-04-01 period was 2,076 sqft. One year prior, the average listing was 2,112 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.