Fayetteville VA Loans

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 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.