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 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.