Flagstaff VA Loans
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 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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.