Flagstaff VA Loan Rates, Closing Costs & Stats

FLAGSTAFF, AZ

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 50 lenders originated 164 VA loans during 2022. The total origination value was $78,100,000, with an average VA loan value of $476,220.

Flagstaff VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Flagstaff averaged 6.29% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Flagstaff's average VA mortgage closing costs are $7,228.

The average rate for the prior week (2024-02-23) was 6.61% and one month ago for the week of 2024-01-26, the average rate was 6.34%.

The average rate one year ago was 6.28%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.44%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 12 3.85% $19,336
UNITED WHOLESALE MORTGAGE, LLC 10 4.49% $10,508
Wallick & Volk, Inc. 9 4.68% $14,418
NOVA FINANCIAL & INVESTMENT CORPORATION 8 5.23% $6,870
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 5.38% $18,786
Mortgage Research Center, LLC 8 4.97% $7,341
SUNSTREET MORTGAGE, LLC 8 4.25% $12,355
PENNYMAC LOAN SERVICES, LLC 7 2.86% $12,929
FREEDOM MORTGAGE CORPORATION 6 3.88% $10,448
NAVY FEDERAL CREDIT UNION 5 4.05% $11,804
HOME POINT FINANCIAL CORPORATION 4 3.97% $10,620
VILLAGE CAPITAL MORTGAGE 4 3.97% $14,720
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 5.56% $28,066
CROSSCOUNTRY MORTGAGE, LLC 4 5.84% $13,516
ACADEMY MORTGAGE CORPORATION 4 4.91% $9,786
AMERICAN PACIFIC MORTGAGE CORPORATION 3 4.75% $11,223
NEWREZ LLC 3 3.75% $6,955
FINANCE OF AMERICA MORTGAGE LLC 3 4.54% $5,897
USAA Federal Savings Bank 3 3.83% $12,277
The Federal Savings Bank 2 4.56% $16,391
STARBOARD FINANCIAL MANAGEMENT, LLC 2 4.81% $12,395
LHM FINANCIAL CORPORATION 2 4.56% $14,952
LOANDEPOT.COM, LLC 2 3.56% $17,568
LOANPAL, LLC 2 3.81% $12,560
NFM, INC. 2 5.38% $9,266
Flagstar Bank, FSB 2 3.81% $2,694
NEW DAY FINANCIAL, LLC 2 4.38% $11,470
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.81% $5,532
Zions Bank 1 3.25% $14,705
AMERICAN FINANCING CORPORATION 1 4.75% $29,873
AMERISAVE MORTGAGE CORPORATION 1 3.13% $22,985
Barrington Bank & Trust Company, N.A. 1 3.25% $16,315
BNC National Bank 1 3.25% $12,581
CALIBER HOME LOANS, INC. 1 3.75% $19,254
CHERRY CREEK MORTGAGE, LLC 1 4.99% $12,360
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.75% $4,911
First Guaranty Mortgage Corporation 1 3.13% $18,518
GENEVA FINANCIAL, LLC 1 6.13% $15,859
GUILD MORTGAGE COMPANY 1 5.63% $7,873
LAKEVIEW LOAN SERVICING, LLC 1 3.25% $1,981
Lincoln FSB of Nebraska 1 3.25% $5,814
Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $10,062
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $17,809
NATIONS DIRECT MORTGAGE, LLC 1 5.63% $12,658
Nations Lending Corporation 1 6.25% $11,409
ON Q FINANCIAL, INC. 1 6.13% $14,346
Paramount Residential Mortgage Group, Inc. 1 5.25% $4,606
PLANET HOME LENDING, LLC 1 2.25% $5,365
Prosperity Home Mortgage, LLC 1 4.75% $21,860
Texana Bank 1 2.25% $6,113

The top Flagstaff VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 12 VA loans originated. Their average total fees are $19,336, which is $8,828 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Flagstaff VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($10,508), QUICKEN LOANS, LLC ($19,336), .

The lowest rate Flagstaff VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.85%), UNITED WHOLESALE MORTGAGE, LLC (4.49%), .


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 $495,342 (5.4%) $656,228 (-3.8%) 0.00 510
2018-02-01 $518,000 (9.1%) $666,948 (-3.4%) 0.00 516
2018-03-01 $499,000 (5.1%) $683,634 (-0.2%) 0.00 540
2018-04-01 $502,725 (7.2%) $683,814 (3.8%) 0.00 581
2018-05-01 $499,000 (2.9%) $662,935 (0.2%) 0.00 626
2018-06-01 $485,000 (5.6%) $647,319 (0.3%) 0.00 731
2018-07-01 $471,350 (4.8%) $636,095 (0.3%) 0.00 780
2018-08-01 $456,250 (1.4%) $622,870 (-1.4%) 0.00 782
2018-09-01 $450,000 (-1.1%) $614,662 (-5.9%) 0.00 785
2018-10-01 $449,225 (-3.6%) $599,006 (-10.7%) 0.00 751
2018-11-01 $451,225 (-8.3%) $602,100 (-12.4%) 0.00 695
2018-12-01 $450,000 (-10.8%) $609,854 (-9.4%) 0.00 601
2019-01-01 $449,375 (-9.3%) $608,426 (-7.3%) 0.00 558
2019-02-01 $459,000 (-11.4%) $635,858 (-4.7%) 0.00 545
2019-03-01 $463,514 (-7.1%) $659,822 (-3.5%) 0.00 567
2019-04-01 $455,392 (-9.4%) $646,919 (-5.4%) 0.00 614
2019-05-01 $449,938 (-9.8%) $634,303 (-4.3%) 0.00 686
2019-06-01 $438,000 (-9.7%) $626,803 (-3.2%) 0.00 731
2019-07-01 $436,750 (-7.3%) $619,251 (-2.7%) 0.00 788
2019-08-01 $440,545 (-3.4%) $622,641 (0.0%) 0.00 758
2019-09-01 $445,864 (-0.9%) $630,968 (2.7%) 0.00 710
2019-10-01 $450,000 (0.2%) $639,753 (6.8%) 0.00 671
2019-11-01 $468,900 (3.9%) $644,205 (7.0%) 0.00 582
2019-12-01 $484,753 (7.7%) $662,456 (8.6%) 0.00 486
2020-01-01 $479,625 (6.7%) $659,922 (8.5%) 0.00 399
2020-02-01 $509,000 (10.9%) $692,135 (8.9%) 0.00 368
2020-03-01 $535,200 (15.5%) $688,957 (4.4%) 0.00 418
2020-04-01 $517,250 (13.6%) $663,608 (2.6%) 0.00 480
2020-05-01 $515,000 (14.5%) $656,921 (3.6%) 0.00 461
2020-06-01 $491,975 (12.3%) $649,732 (3.7%) 0.00 407
2020-07-01 $486,750 (11.5%) $643,642 (3.9%) 0.00 362
2020-08-01 $535,000 (21.4%) $680,410 (9.3%) 0.00 279
2020-09-01 $557,475 (25.0%) $715,009 (13.3%) 0.00 216
2020-10-01 $564,000 (25.3%) $766,520 (19.8%) 0.00 180
2020-11-01 $586,250 (25.0%) $796,066 (23.6%) 0.00 153
2020-12-01 $575,250 (18.7%) $762,840 (15.2%) 0.00 129
2021-01-01 $643,750 (34.2%) $810,820 (22.9%) 0.00 113
2021-02-01 $635,975 (25.0%) $820,442 (18.5%) 0.00 109
2021-03-01 $614,750 (14.9%) $832,349 (20.8%) 0.00 109
2021-04-01 $637,450 (23.2%) $834,230 (25.7%) 0.00 148
2021-05-01 $635,000 (23.3%) $851,437 (29.6%) 0.00 178
2021-06-01 $649,900 (32.1%) $854,033 (31.4%) 0.00 217
2021-07-01 $633,750 (30.2%) $883,947 (37.3%) 0.00 228
2021-08-01 $646,000 (20.8%) $895,640 (31.6%) 0.00 239
2021-09-01 $639,675 (14.8%) $928,515 (29.9%) 0.00 239
2021-10-01 $650,000 (15.3%) $962,107 (25.5%) 0.00 180
2021-11-01 $681,725 (16.3%) $1,032,774 (29.7%) 0.00 168
2021-12-01 $645,475 (12.2%) $993,386 (30.2%) 0.00 153
2022-01-01 $672,450 (4.5%) $1,048,538 (29.3%) 0.00 134
2022-02-01 $674,611 (6.1%) $1,039,074 (26.7%) 0.00 128
2022-03-01 $697,450 (13.5%) $952,519 (14.4%) 0.00 134
2022-04-01 $715,000 (12.2%) $953,887 (14.3%) 0.00 192
2022-05-01 $729,975 (15.0%) $971,860 (14.1%) 0.00 282
2022-06-01 $725,000 (11.6%) $964,538 (12.9%) 0.00 389
2022-07-01 $700,000 (10.5%) $936,683 (6.0%) 0.00 467
2022-08-01 $718,875 (11.3%) $964,247 (7.7%) 0.00 437
2022-09-01 $734,500 (14.8%) $945,346 (1.8%) 0.00 399
2022-10-01 $750,000 (15.4%) $984,791 (2.4%) 0.00 412
2022-11-01 $739,000 (8.4%) $981,848 (-4.9%) 0.00 365
2022-12-01 $715,000 (10.8%) $980,094 (-1.3%) 0.00 331
2023-01-01 $745,500 (10.9%) $1,048,913 (0.0%) 0.00 280
2023-02-01 $738,250 (9.4%) $1,087,352 (4.7%) 0.00 276
2023-03-01 $738,500 (5.9%) $1,089,654 (14.4%) 0.00 257
2023-04-01 $732,500 (2.5%) $1,134,335 (18.9%) 0.00 279
2023-05-01 $758,750 (3.9%) $1,149,996 (18.3%) 0.00 353
2023-06-01 $735,000 (1.4%) $1,074,734 (11.4%) 0.00 399
2023-07-01 $734,000 (4.9%) $1,071,476 (14.4%) 0.00 433
2023-08-01 $714,950 (-0.6%) $1,046,521 (8.5%) 0.00 463
2023-09-01 $722,030 (-1.7%) $1,083,966 (14.7%) 0.00 453
2023-10-01 $733,500 (-2.2%) $1,038,779 (5.5%) 0.00 450
2023-11-01 $735,000 (-0.5%) $1,087,357 (10.8%) 0.00 418
2023-12-01 $740,000 (3.5%) $1,096,642 (11.9%) 0.00 359
2024-01-01 $740,000 (-0.7%) $1,077,223 (2.7%) 0.00 306
Flagstaff's median listing price for 2024-01-01 was $740,000, a difference of $-5,500 (-0.7%) versus the prior year and $0 versus the prior month.

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

Flagstaff's average listing price for 2024-01-01 was $1,077,223, a difference of $28,310 (2.7%) versus the prior year and $-19,419 versus the prior month.

For the 2024-01-01 period, Flagstaff had 306 MLS listings, a difference of -53 listings (-15%) versus the prior month and 26 listings (9%) 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 2,412 sqft
2018-02-01 0 days 2,426 sqft
2018-03-01 0 days 2,441 sqft
2018-04-01 0 days 2,444 sqft
2018-05-01 0 days 2,421 sqft
2018-06-01 0 days 2,402 sqft
2018-07-01 0 days 2,352 sqft
2018-08-01 0 days 2,305 sqft
2018-09-01 0 days 2,279 sqft
2018-10-01 0 days 2,266 sqft
2018-11-01 0 days 2,288 sqft
2018-12-01 0 days 2,240 sqft
2019-01-01 0 days 2,199 sqft
2019-02-01 0 days 2,200 sqft
2019-03-01 0 days 2,182 sqft
2019-04-01 0 days 2,166 sqft
2019-05-01 0 days 2,134 sqft
2019-06-01 0 days 2,112 sqft
2019-07-01 0 days 2,075 sqft
2019-08-01 0 days 2,105 sqft
2019-09-01 0 days 2,150 sqft
2019-10-01 0 days 2,184 sqft
2019-11-01 0 days 2,193 sqft
2019-12-01 0 days 2,200 sqft
2020-01-01 0 days 2,166 sqft
2020-02-01 0 days 2,296 sqft
2020-03-01 0 days 2,321 sqft
2020-04-01 0 days 2,201 sqft
2020-05-01 0 days 2,207 sqft
2020-06-01 0 days 2,177 sqft
2020-07-01 0 days 2,181 sqft
2020-08-01 0 days 2,147 sqft
2020-09-01 0 days 2,186 sqft
2020-10-01 0 days 2,196 sqft
2020-11-01 0 days 2,218 sqft
2020-12-01 0 days 2,124 sqft
2021-01-01 0 days 2,202 sqft
2021-02-01 0 days 2,056 sqft
2021-03-01 0 days 2,163 sqft
2021-04-01 0 days 2,092 sqft
2021-05-01 0 days 2,077 sqft
2021-06-01 0 days 2,052 sqft
2021-07-01 0 days 2,005 sqft
2021-08-01 0 days 2,013 sqft
2021-09-01 0 days 2,031 sqft
2021-10-01 0 days 2,071 sqft
2021-11-01 0 days 2,108 sqft
2021-12-01 0 days 2,061 sqft
2022-01-01 0 days 2,063 sqft
2022-02-01 0 days 2,068 sqft
2022-03-01 0 days 2,074 sqft
2022-04-01 0 days 2,004 sqft
2022-05-01 0 days 2,030 sqft
2022-06-01 0 days 2,044 sqft
2022-07-01 0 days 2,007 sqft
2022-08-01 0 days 2,055 sqft
2022-09-01 0 days 2,095 sqft
2022-10-01 0 days 2,130 sqft
2022-11-01 0 days 2,051 sqft
2022-12-01 0 days 2,004 sqft
2023-01-01 0 days 2,051 sqft
2023-02-01 0 days 2,028 sqft
2023-03-01 0 days 2,024 sqft
2023-04-01 0 days 2,033 sqft
2023-05-01 0 days 2,101 sqft
2023-06-01 0 days 2,052 sqft
2023-07-01 0 days 2,065 sqft
2023-08-01 0 days 2,093 sqft
2023-09-01 0 days 2,104 sqft
2023-10-01 0 days 2,087 sqft
2023-11-01 0 days 2,120 sqft
2023-12-01 0 days 2,121 sqft
2024-01-01 0 days 2,124 sqft
Flagstaff's median listing age (time on market) for 2024-01-01 was 0 days.

Flagstaff's median square footage for active listings during the 2024-01-01 period was 2,124 sqft. One year prior, the average listing was 2,051 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.