Flagstaff VA Loans

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 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 88 lenders originated 446 VA loans during 2021. The total origination value was $153,840,000, with an average VA loan value of $344,933.

    Flagstaff VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Flagstaff averaged 5.67% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.48% and one month ago for the week of 2022-04-15, the average rate was 5.25%.

    The average rate one year ago was 3.04%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.3%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Flagstaff level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FREEDOM MORTGAGE CORPORATION 43 2.45% $4,495
    QUICKEN LOANS, LLC 33 2.42% $5,235
    UNITED WHOLESALE MORTGAGE, LLC 20 2.50% $11,150
    PENNYMAC LOAN SERVICES, LLC 19 2.23% $6,553
    Mortgage Research Center, LLC 14 2.66% $6,966
    Wallick & Volk, Inc. 13 3.06% $11,883
    LAKEVIEW LOAN SERVICING, LLC 12 2.47% $2,732
    SUNSTREET MORTGAGE, LLC 12 2.80% $7,841
    GUILD MORTGAGE COMPANY 12 2.58% $5,148
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 3.16% $12,148
    CLEARPATH LENDING 10 2.45% $4,938
    NOVA FINANCIAL & INVESTMENT CORPORATION 10 2.84% $4,176
    Mr. Cooper ( Nationstar Mortgage ) 9 2.65% $4,233
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 2.68% $7,073
    NEW DAY FINANCIAL, LLC 8 2.89% $8,577
    NAVY FEDERAL CREDIT UNION 8 2.45% $5,804
    CALIBER HOME LOANS, INC. 8 2.70% $2,319
    ACADEMY MORTGAGE CORPORATION 8 3.28% $9,420
    VILLAGE CAPITAL & INVESTMENT LLC 7 2.32% $3,937
    LOANDEPOT.COM, LLC 6 2.17% $9,220
    LHM FINANCIAL CORPORATION 5 2.87% $6,372
    The Federal Savings Bank 5 2.45% $10,644
    USAA Federal Savings Bank 5 2.93% $1,034
    MORIA DEVELOPMENT, INC. 4 2.88% $15,514
    HOME POINT FINANCIAL CORPORATION 4 2.34% $4,987
    BROKER SOLUTIONS, INC. 4 2.41% $3,589
    ON Q FINANCIAL, INC. 4 4.09% $16,529
    GUARANTEED RATE, INC. 3 2.63% $4,796
    Nations Lending Corporation 3 2.67% $10,032
    Carrington Mortgage Services, LLC 3 2.58% $5,723
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.00% $6,690
    PENTAGON FEDERAL CREDIT UNION 3 2.29% $1,920
    Mid-Continent Funding, Inc. 3 3.08% $13,015
    Wells Fargo Bank 3 2.42% $3,645
    STARBOARD FINANCIAL MANAGEMENT, LLC 3 2.63% $6,172
    Lakeview Community Capital, LLC 3 2.29% $4,080
    SUN WEST MORTGAGE COMPANY, INC. 2 2.25% $4,741
    AMERICAN FINANCIAL NETWORK, INC. 2 2.38% $18,807
    AMERISAVE MORTGAGE CORPORATION 2 2.25% $6,493
    Commerce Home Mortgage, Inc. 2 3.00% $3,989
    First Guaranty Mortgage Corporation 2 2.25% $5,787
    Flagstar Bank, FSB 2 2.50% $13,582
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 2.63% $3,493
    Manufacturers and Traders Trust Company 2 2.56% $4,124
    NETWORK CAPITAL FUNDING CORPORATION 2 2.38% $2,485
    NEWREZ LLC 2 2.44% $2,095
    Paramount Residential Mortgage Group, Inc. 2 2.63% $5,537
    PLANET HOME LENDING, LLC 2 2.44% $2,078
    PLAZA HOME MORTGAGE, INC. 2 2.69% $4,033
    SOVEREIGN LENDING GROUP INCORPORATED 2 2.44% $29,353
    LEADERONE FINANCIAL CORPORATION 1 2.75% $12,057
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.25% $2,298
    NBKC BANK 1 2.25% $5,759
    Barrington Bank & Trust Company, N.A. 1 2.53% $4,532
    GUARANTEED RATE AFFINITY, LLC 1 2.25% $1,237
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.99% $18,218
    GENEVA FINANCIAL, LLC 1 3.13% $6,332
    NP, Inc. 1 2.25% $4,161
    OCMBC, INC. 1 2.25% $7,521
    First National Bank Texas 1 2.25% $3,439
    V.I.P. MORTGAGE, INC. 1 2.88% $4,552
    First Federal Bank 1 2.75% $6,500
    CROSSCOUNTRY MORTGAGE, LLC 1 2.25% $4,004
    AMERICAN INTERNET MORTGAGE, INC. 1 2.38% $12,059
    Alerus Financial 1 2.50% $2,084
    CREDIT UNION WEST 1 2.88% $5,289
    CORNERSTONE HOME LENDING, INC. 1 2.75% $10,622
    RESIDENTIAL MORTGAGE, LLC 1 2.50% $3,168
    SFMC, LP 1 2.88% $6,708
    Sierra Pacific Mortgage Company, Inc. 1 2.25% $9,230
    SOUTHWEST STAGE FUNDING, LLC 1 2.25% $3,284
    Wyndham Capital Mortgage, Inc. 1 2.38% $1,860
    CMG MORTGAGE, INC. 1 3.25% $4,549
    Strong Home Mortgage, LLC 1 2.25% $814
    SUN AMERICAN MORTGAGE COMPANY 1 2.99% $17,102
    CITYWIDE HOME LOANS, LLC 1 3.13% $9,034
    CHURCHILL MORTGAGE CORPORATION 1 2.38% $2,388
    CELEBRITY HOME LOANS, LLC 1 2.50% $21,084
    TJC Mortgage, Inc. 1 2.25% $3,877
    UNION HOME MORTGAGE CORP. 1 2.75% $5,526
    UNITED SECURITY FINANCIAL CORP 1 1.75% $4,381
    Magnolia Bank 1 2.25% $6,180
    Capital Bank 1 2.25% $1,686
    Low VA Rates, LLC 1 2.75% $4,443
    LOANPAL, LLC 1 2.25% $10,867
    LENOX FINANCIAL MORTGAGE CORPORATION 1 2.38% $2,767
    LENDING 3, INC. 1 2.75% $6,405
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.13% $13,244

    The top Flagstaff VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 43 VA loans originated. Their average total fees are $4,495, which is $739 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Flagstaff VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,732), NOVA FINANCIAL & INVESTMENT CORPORATION ($4,176), FREEDOM MORTGAGE CORPORATION ($4,495), CLEARPATH LENDING ($4,938) and GUILD MORTGAGE COMPANY ($5,148).

    The lowest rate Flagstaff VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.23%), QUICKEN LOANS, LLC (2.42%), CLEARPATH LENDING (2.45%), FREEDOM MORTGAGE CORPORATION (2.45%) and LAKEVIEW LOAN SERVICING, LLC (2.47%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Flagstaff (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 $399,000 (5.3%) $521,718 (1.7%) 0.00 290
    2018-02-01 $419,000 (6.1%) $536,639 (1.6%) 0.00 280
    2018-03-01 $419,000 (5.0%) $531,835 (1.0%) 0.00 291
    2018-04-01 $426,000 (9.5%) $566,928 (12.5%) 0.00 327
    2018-05-01 $455,000 (13.8%) $617,201 (17.2%) 0.00 364
    2018-06-01 $449,600 (14.0%) $614,087 (17.2%) 0.00 449
    2018-07-01 $445,250 (11.6%) $603,386 (14.3%) 0.00 481
    2018-08-01 $426,500 (8.2%) $593,287 (13.3%) 0.00 494
    2018-09-01 $419,600 (7.3%) $581,213 (13.3%) 0.00 487
    2018-10-01 $412,335 (7.1%) $573,204 (11.6%) 0.00 485
    2018-11-01 $407,733 (3.7%) $574,040 (9.4%) 0.00 455
    2018-12-01 $405,000 (1.3%) $591,696 (9.9%) 0.00 393
    2019-01-01 $399,950 (0.2%) $532,990 (2.2%) 0.00 357
    2019-02-01 $401,700 (-4.1%) $576,279 (7.4%) 0.00 341
    2019-03-01 $398,886 (-4.8%) $566,820 (6.6%) 0.00 333
    2019-04-01 $391,413 (-8.1%) $538,986 (-4.9%) 0.00 350
    2019-05-01 $393,630 (-13.5%) $528,397 (-14.4%) 0.00 386
    2019-06-01 $389,000 (-13.5%) $531,432 (-13.5%) 0.00 408
    2019-07-01 $389,950 (-12.4%) $537,475 (-10.9%) 0.00 451
    2019-08-01 $394,264 (-7.6%) $546,292 (-7.9%) 0.00 444
    2019-09-01 $402,475 (-4.1%) $565,235 (-2.8%) 0.00 418
    2019-10-01 $399,900 (-3.0%) $564,006 (-1.6%) 0.00 400
    2019-11-01 $399,900 (-1.9%) $511,663 (-10.9%) 0.00 377
    2019-12-01 $414,900 (2.4%) $525,790 (-11.1%) 0.00 315
    2020-01-01 $414,180 (3.6%) $529,597 (-0.6%) 0.00 248
    2020-02-01 $419,000 (4.3%) $544,408 (-5.5%) 0.00 214
    2020-03-01 $425,900 (6.8%) $555,756 (-2.0%) 0.00 242
    2020-04-01 $422,035 (7.8%) $551,429 (2.3%) 0.00 287
    2020-05-01 $433,412 (10.1%) $557,459 (5.5%) 0.00 298
    2020-06-01 $435,572 (12.0%) $615,712 (15.9%) 0.00 275
    2020-07-01 $440,286 (12.9%) $583,594 (8.6%) 0.00 248
    2020-08-01 $469,000 (19.0%) $631,325 (15.6%) 0.00 166
    2020-09-01 $529,450 (31.6%) $668,402 (18.3%) 0.00 143
    2020-10-01 $545,000 (36.3%) $670,359 (18.9%) 0.00 119
    2020-11-01 $561,450 (40.4%) $709,283 (38.6%) 0.00 104
    2020-12-01 $511,950 (23.4%) $636,136 (21.0%) 0.00 87
    2021-01-01 $575,000 (38.8%) $649,666 (22.7%) 0.00 73
    2021-02-01 $534,250 (27.5%) $627,198 (15.2%) 0.00 70
    2021-03-01 $537,500 (26.2%) $684,998 (23.3%) 0.00 84
    2021-04-01 $545,000 (29.1%) $699,550 (26.9%) 0.00 107
    2021-05-01 $565,000 (30.4%) $675,079 (21.1%) 0.00 126
    2021-06-01 $599,450 (37.6%) $708,308 (15.0%) 0.00 156
    2021-07-01 $599,500 (36.2%) $742,739 (27.3%) 0.00 175
    2021-08-01 $629,000 (34.1%) $769,443 (21.9%) 0.00 185
    2021-09-01 $614,900 (16.1%) $791,609 (18.4%) 0.00 186
    2021-10-01 $595,000 (9.2%) $845,247 (26.1%) 0.00 136
    2021-11-01 $624,500 (11.2%) $871,922 (22.9%) 0.00 133
    2021-12-01 $585,000 (14.3%) $779,369 (22.5%) 0.00 127
    2022-01-01 $625,000 (8.7%) $776,859 (19.6%) 0.00 110
    2022-02-01 $634,950 (18.9%) $769,252 (22.7%) 0.00 105
    2022-03-01 $669,900 (24.6%) $761,563 (11.2%) 0.00 103
    2022-04-01 $670,000 (22.9%) $829,495 (18.6%) 0.00 137
    Flagstaff's median listing price for 2022-04-01 was $670,000, a difference of $125,000 (22.9%) versus the prior year and $100 versus the prior month.

    Flagstaff's median listing price comes in at 0% of the national average.

    Flagstaff's average listing price for 2022-04-01 was $829,495, a difference of $129,945 (18.6%) versus the prior year and $67,932 versus the prior month.

    For the 2022-04-01 period, Flagstaff had 137 MLS listings, a difference of 34 listings (33%) versus the prior month and 30 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Flagstaff (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,182 sqft
    2018-02-01 0 days 2,205 sqft
    2018-03-01 0 days 2,182 sqft
    2018-04-01 0 days 2,230 sqft
    2018-05-01 0 days 2,298 sqft
    2018-06-01 0 days 2,328 sqft
    2018-07-01 0 days 2,264 sqft
    2018-08-01 0 days 2,205 sqft
    2018-09-01 0 days 2,100 sqft
    2018-10-01 0 days 2,089 sqft
    2018-11-01 0 days 2,069 sqft
    2018-12-01 0 days 2,025 sqft
    2019-01-01 0 days 2,000 sqft
    2019-02-01 0 days 1,984 sqft
    2019-03-01 0 days 1,969 sqft
    2019-04-01 0 days 1,956 sqft
    2019-05-01 0 days 1,961 sqft
    2019-06-01 0 days 1,908 sqft
    2019-07-01 0 days 1,911 sqft
    2019-08-01 0 days 1,951 sqft
    2019-09-01 0 days 1,987 sqft
    2019-10-01 0 days 1,994 sqft
    2019-11-01 0 days 1,932 sqft
    2019-12-01 0 days 1,937 sqft
    2020-01-01 0 days 1,937 sqft
    2020-02-01 0 days 1,937 sqft
    2020-03-01 0 days 1,970 sqft
    2020-04-01 0 days 1,920 sqft
    2020-05-01 0 days 1,923 sqft
    2020-06-01 0 days 1,990 sqft
    2020-07-01 0 days 1,996 sqft
    2020-08-01 0 days 2,100 sqft
    2020-09-01 0 days 2,138 sqft
    2020-10-01 0 days 2,176 sqft
    2020-11-01 0 days 2,136 sqft
    2020-12-01 0 days 1,919 sqft
    2021-01-01 0 days 2,100 sqft
    2021-02-01 0 days 1,907 sqft
    2021-03-01 0 days 2,035 sqft
    2021-04-01 0 days 1,897 sqft
    2021-05-01 0 days 1,892 sqft
    2021-06-01 0 days 1,986 sqft
    2021-07-01 0 days 1,966 sqft
    2021-08-01 0 days 1,997 sqft
    2021-09-01 0 days 2,020 sqft
    2021-10-01 0 days 2,073 sqft
    2021-11-01 0 days 2,074 sqft
    2021-12-01 0 days 1,937 sqft
    2022-01-01 0 days 1,986 sqft
    2022-02-01 0 days 2,014 sqft
    2022-03-01 0 days 2,063 sqft
    2022-04-01 0 days 2,008 sqft
    Flagstaff's median listing age (time on market) for 2022-04-01 was 0 days.

    Flagstaff's median square footage for active listings during the 2022-04-01 period was 2,008 sqft. One year prior, the average listing was 1,897 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.