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 6.24% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.38% and one month ago for the week of 2024-11-08, the average rate was 6.67%.

    The average rate one year ago was 6.92%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.64%.

    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%), .

    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
    2024-02-01 $741,200 (0.4%) $1,077,076 (-1.0%) 0.00 301
    2024-03-01 $750,000 (1.6%) $1,125,336 (3.3%) 0.00 336
    2024-04-01 $750,000 (2.4%) $1,086,933 (-4.2%) 0.00 390
    2024-05-01 $772,008 (1.8%) $1,117,669 (-2.8%) 0.00 481
    2024-06-01 $747,000 (1.6%) $1,071,833 (-0.3%) 0.00 547
    2024-07-01 $749,950 (2.2%) $1,073,415 (0.2%) 0.00 550
    2024-08-01 $739,900 (3.5%) $1,041,014 (-0.5%) 0.00 531
    2024-09-01 $744,242 (3.1%) $1,048,754 (-3.3%) 0.00 522
    2024-10-01 $744,475 (1.5%) $1,099,395 (5.8%) 0.00 508
    2024-11-01 $750,000 (2.0%) $1,097,557 (0.9%) 0.00 458
    Flagstaff's median listing price for 2024-11-01 was $750,000, a difference of $15,000 (2.0%) versus the prior year and $5,525 versus the prior month.

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

    Flagstaff's average listing price for 2024-11-01 was $1,097,557, a difference of $10,200 (0.9%) versus the prior year and $-1,838 versus the prior month.

    For the 2024-11-01 period, Flagstaff had 458 MLS listings, a difference of -50 listings (-10%) versus the prior month and 40 listings (10%) 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
    2024-02-01 0 days 2,062 sqft
    2024-03-01 0 days 2,118 sqft
    2024-04-01 0 days 2,066 sqft
    2024-05-01 0 days 2,110 sqft
    2024-06-01 0 days 2,042 sqft
    2024-07-01 0 days 2,060 sqft
    2024-08-01 0 days 2,049 sqft
    2024-09-01 0 days 2,034 sqft
    2024-10-01 0 days 2,043 sqft
    2024-11-01 0 days 2,000 sqft
    Flagstaff's median listing age (time on market) for 2024-11-01 was 0 days.

    Flagstaff's median square footage for active listings during the 2024-11-01 period was 2,000 sqft. One year prior, the average listing was 2,120 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.