Flagstaff VA Loan Rates, Closing Costs & Stats

FLAGSTAFF, AZ

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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.

    Flagstaff's 42 lenders originated 124 VA loans during 2023. The total origination value was $58,720,000, with an average VA loan value of $473,548.

    Flagstaff VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Flagstaff averaged 6.71% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Flagstaff's average VA mortgage closing costs are $7,688.

    The average rate for the prior week (2024-11-01) was 6.46% and one month ago for the week of 2024-10-04, the average rate was 5.89%.

    The average rate one year ago was 7.65%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.9%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Flagstaff 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 Flagstaff level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 17 6.21% $15,622
    Mortgage Research Center, LLC 17 6.64% $9,689
    UNITED WHOLESALE MORTGAGE, LLC 13 6.41% $10,555
    NAVY FEDERAL CREDIT UNION 8 5.66% $7,477
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.50% $16,180
    ACADEMY MORTGAGE CORPORATION 6 6.71% $14,704
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 5.44% $15,350
    GUILD MORTGAGE COMPANY 3 6.13% $7,497
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.63% $16,183
    NOVA FINANCIAL & INVESTMENT CORPORATION 3 6.21% $5,968
    SUN AMERICAN MORTGAGE COMPANY 2 5.94% $25,490
    USAA Federal Savings Bank 2 5.50% $10,447
    CROSSCOUNTRY MORTGAGE, LLC 2 6.50% $11,588
    V.I.P. MORTGAGE, INC. 2 6.25% $33,575
    MORIA DEVELOPMENT, INC. 2 7.00% $13,655
    ON Q FINANCIAL, INC. 2 7.44% $13,608
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.63% $13,314
    GENEVA FINANCIAL, LLC 2 6.88% $12,831
    NFM, INC. 1 7.25% $9,373
    PENNYMAC LOAN SERVICES, LLC 1 7.50% $31,551
    PREMIA MORTGAGE, LLC 1 5.63% $4,597
    Sierra Pacific Mortgage Company, Inc. 1 6.00% $6,643
    STARBOARD FINANCIAL MANAGEMENT, LLC 1 6.99% $21,812
    VILLAGE CAPITAL MORTGAGE 1 5.75% $10,517
    Wallick & Volk, Inc. 1 5.63% $12,716
    ALTITUDE FINANCIAL CORPORATION 1 6.13% $10,308
    Barrington Bank & Trust Company, N.A. 1 6.13% $12,696
    BROKER SOLUTIONS, INC. 1 6.75% $24,397
    CONTOUR MORTGAGE CORPORATION 1 6.25% $40,452
    First Federal Bank 1 6.13% $4,584
    Flagstar Bank, FSB 1 6.25% $13,702
    FREEDOM MORTGAGE CORPORATION 1 7.25% $13,368
    GUARANTEED RATE, INC. 1 5.25% $14,632
    Independent Bank 1 6.50% $1,137
    JPMorgan Chase Bank 1 5.50% $24,998
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $7,135
    LOANDEPOT.COM, LLC 1 6.25% $27,189
    Magnolia Bank 1 5.50% $20,379
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $40,452
    Nations Lending Corporation 1 5.13% $10,641
    NEW DAY FINANCIAL, LLC 1 6.49% $17,587
    NEWREZ LLC 1 6.75% $26,700

    The top Flagstaff VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 17 VA loans originated. Their average total fees are $15,622, which is $5,933 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Flagstaff VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($9,689), UNITED WHOLESALE MORTGAGE, LLC ($10,555), QUICKEN LOANS, LLC ($15,622), .

    The lowest rate Flagstaff VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.21%), UNITED WHOLESALE MORTGAGE, LLC (6.41%), Mortgage Research Center, LLC (6.64%), .

    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.