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 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 6.38% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

    Flagstaff's average VA mortgage closing costs are $6,625.

    The average rate for the prior week (2023-01-20) was 6.41% and one month ago for the week of 2022-12-23, the average rate was 6.58%.

    The average rate one year ago was 3.88%.

    For refis of the same type during the week of 2023-01-27, the average rate was 6.21%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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
    GUILD MORTGAGE COMPANY 12 2.58% $5,148
    SUNSTREET MORTGAGE, LLC 12 2.80% $7,841
    LAKEVIEW LOAN SERVICING, LLC 12 2.47% $2,732
    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
    ACADEMY MORTGAGE CORPORATION 8 3.28% $9,420
    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
    VILLAGE CAPITAL MORTGAGE 7 2.32% $3,937
    LOANDEPOT.COM, LLC 6 2.17% $9,220
    USAA Federal Savings Bank 5 2.93% $1,034
    The Federal Savings Bank 5 2.45% $10,644
    LHM FINANCIAL CORPORATION 5 2.87% $6,372
    MORIA DEVELOPMENT, INC. 4 2.88% $15,514
    ON Q FINANCIAL, INC. 4 4.09% $16,529
    HOME POINT FINANCIAL CORPORATION 4 2.34% $4,987
    BROKER SOLUTIONS, INC. 4 2.41% $3,589
    Carrington Mortgage Services, LLC 3 2.58% $5,723
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.00% $6,690
    GUARANTEED RATE, INC. 3 2.63% $4,796
    Lakeview Community Capital, LLC 3 2.29% $4,080
    Mid-Continent Funding, Inc. 3 3.08% $13,015
    Nations Lending Corporation 3 2.67% $10,032
    PENTAGON FEDERAL CREDIT UNION 3 2.29% $1,920
    STARBOARD FINANCIAL MANAGEMENT, LLC 3 2.63% $6,172
    Wells Fargo Bank 3 2.42% $3,645
    PLAZA HOME MORTGAGE, INC. 2 2.69% $4,033
    First Guaranty Mortgage Corporation 2 2.25% $5,787
    SUN WEST MORTGAGE COMPANY, INC. 2 2.25% $4,741
    AMERISAVE MORTGAGE CORPORATION 2 2.25% $6,493
    M&T Bank 2 2.56% $4,124
    AMERICAN FINANCIAL NETWORK, INC. 2 2.38% $18,807
    NETWORK CAPITAL FUNDING CORPORATION 2 2.38% $2,485
    Paramount Residential Mortgage Group, Inc. 2 2.63% $5,537
    Commerce Home Mortgage, Inc. 2 3.00% $3,989
    SOVEREIGN LENDING GROUP INCORPORATED 2 2.44% $29,353
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 2.63% $3,493
    NEWREZ LLC 2 2.44% $2,095
    PLANET HOME LENDING, LLC 2 2.44% $2,078
    Flagstar Bank, FSB 2 2.50% $13,582
    CMG MORTGAGE, INC. 1 3.25% $4,549
    NP, Inc. 1 2.25% $4,161
    OCMBC, INC. 1 2.25% $7,521
    CITYWIDE HOME LOANS, LLC 1 3.13% $9,034
    CHURCHILL MORTGAGE CORPORATION 1 2.38% $2,388
    Alerus Financial 1 2.50% $2,084
    CELEBRITY HOME LOANS, LLC 1 2.50% $21,084
    Capital Bank 1 2.25% $1,686
    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
    Strong Home Mortgage, LLC 1 2.25% $814
    SUN AMERICAN MORTGAGE COMPANY 1 2.99% $17,102
    Barrington Bank & Trust Company, N.A. 1 2.53% $4,532
    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
    LEADERONE FINANCIAL CORPORATION 1 2.75% $12,057
    GUARANTEED RATE AFFINITY, LLC 1 2.25% $1,237
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.25% $2,298
    GENEVA FINANCIAL, LLC 1 3.13% $6,332
    AMERICAN INTERNET MORTGAGE, INC. 1 2.38% $12,059
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.99% $18,218
    LENDING 3, INC. 1 2.75% $6,405
    LENOX FINANCIAL MORTGAGE CORPORATION 1 2.38% $2,767
    First National Bank Texas 1 2.25% $3,439
    LOANPAL, LLC 1 2.25% $10,867
    Low VA Rates, LLC 1 2.75% $4,443
    Magnolia Bank 1 2.25% $6,180
    First Federal Bank 1 2.75% $6,500
    CROSSCOUNTRY MORTGAGE, LLC 1 2.25% $4,004
    CREDIT UNION WEST 1 2.88% $5,289
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.13% $13,244
    V.I.P. MORTGAGE, INC. 1 2.88% $4,552
    CORNERSTONE HOME LENDING, INC. 1 2.75% $10,622
    NBKC BANK 1 2.25% $5,759

    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 $495,342 (4.7%) $656,228 (-3.9%) 0.00 510
    2018-02-01 $518,000 (9.1%) $666,948 (-3.6%) 0.00 516
    2018-03-01 $499,000 (5.1%) $685,510 (-0.1%) 0.00 541
    2018-04-01 $505,500 (7.7%) $685,529 (3.9%) 0.00 582
    2018-05-01 $499,000 (2.9%) $664,537 (0.3%) 0.00 627
    2018-06-01 $485,000 (5.5%) $647,319 (0.2%) 0.00 731
    2018-07-01 $471,350 (4.8%) $636,095 (0.2%) 0.00 780
    2018-08-01 $456,625 (1.5%) $623,268 (-1.5%) 0.00 781
    2018-09-01 $450,000 (-1.1%) $616,458 (-4.6%) 0.00 785
    2018-10-01 $449,688 (-3.2%) $600,882 (-9.4%) 0.00 751
    2018-11-01 $453,500 (-7.7%) $604,184 (-11.0%) 0.00 695
    2018-12-01 $459,000 (-9.0%) $612,167 (-9.0%) 0.00 601
    2019-01-01 $449,700 (-9.2%) $610,909 (-6.9%) 0.00 558
    2019-02-01 $459,000 (-11.4%) $638,459 (-4.3%) 0.00 544
    2019-03-01 $463,829 (-7.1%) $659,221 (-3.8%) 0.00 566
    2019-04-01 $457,600 (-9.5%) $649,031 (-5.3%) 0.00 614
    2019-05-01 $449,975 (-9.8%) $636,282 (-4.3%) 0.00 686
    2019-06-01 $438,500 (-9.6%) $628,643 (-2.9%) 0.00 731
    2019-07-01 $438,000 (-7.1%) $621,285 (-2.3%) 0.00 789
    2019-08-01 $442,000 (-3.2%) $624,141 (0.1%) 0.00 759
    2019-09-01 $446,500 (-0.8%) $631,636 (2.5%) 0.00 710
    2019-10-01 $450,000 (0.1%) $639,763 (6.5%) 0.00 671
    2019-11-01 $468,900 (3.4%) $644,228 (6.6%) 0.00 582
    2019-12-01 $484,753 (5.6%) $662,456 (8.2%) 0.00 487
    2020-01-01 $479,625 (6.7%) $659,922 (8.0%) 0.00 400
    2020-02-01 $504,950 (10.0%) $691,134 (8.3%) 0.00 369
    2020-03-01 $532,475 (14.8%) $687,043 (4.2%) 0.00 420
    2020-04-01 $513,950 (12.3%) $661,994 (2.0%) 0.00 482
    2020-05-01 $515,000 (14.5%) $656,019 (3.1%) 0.00 463
    2020-06-01 $490,225 (11.8%) $648,482 (3.2%) 0.00 408
    2020-07-01 $484,750 (10.7%) $642,762 (3.5%) 0.00 363
    2020-08-01 $535,000 (21.0%) $679,260 (8.8%) 0.00 280
    2020-09-01 $550,000 (23.2%) $713,390 (12.9%) 0.00 217
    2020-10-01 $563,000 (25.1%) $764,318 (19.5%) 0.00 181
    2020-11-01 $585,000 (24.8%) $793,282 (23.1%) 0.00 154
    2020-12-01 $574,500 (18.5%) $759,952 (14.7%) 0.00 130
    2021-01-01 $638,500 (33.1%) $806,960 (22.3%) 0.00 114
    2021-02-01 $632,450 (25.3%) $816,452 (18.1%) 0.00 110
    2021-03-01 $607,500 (14.1%) $828,343 (20.6%) 0.00 110
    2021-04-01 $634,600 (23.5%) $831,060 (25.5%) 0.00 149
    2021-05-01 $632,000 (22.7%) $848,774 (29.4%) 0.00 179
    2021-06-01 $649,900 (32.6%) $851,887 (31.4%) 0.00 218
    2021-07-01 $629,000 (29.8%) $881,845 (37.2%) 0.00 229
    2021-08-01 $643,500 (20.3%) $893,508 (31.5%) 0.00 240
    2021-09-01 $639,225 (16.2%) $926,276 (29.8%) 0.00 240
    2021-10-01 $650,000 (15.5%) $962,186 (25.9%) 0.00 180
    2021-11-01 $679,450 (16.2%) $1,029,052 (29.7%) 0.00 169
    2021-12-01 $644,500 (12.2%) $989,572 (30.2%) 0.00 154
    2022-01-01 $669,900 (4.9%) $1,043,755 (29.3%) 0.00 135
    2022-02-01 $673,530 (6.5%) $1,034,510 (26.7%) 0.00 129
    2022-03-01 $697,450 (14.8%) $948,448 (14.5%) 0.00 135
    2022-04-01 $715,000 (12.7%) $951,070 (14.4%) 0.00 193
    2022-05-01 $727,475 (15.1%) $972,131 (14.5%) 0.00 283
    2022-06-01 $725,000 (11.6%) $962,967 (13.0%) 0.00 390
    2022-07-01 $700,000 (11.3%) $935,412 (6.1%) 0.00 468
    2022-08-01 $718,250 (11.6%) $962,864 (7.8%) 0.00 438
    2022-09-01 $738,250 (15.5%) $944,056 (1.9%) 0.00 399
    2022-10-01 $750,000 (15.4%) $983,222 (2.2%) 0.00 412
    2022-11-01 $733,438 (8.0%) $980,086 (-4.8%) 0.00 366
    2022-12-01 $712,450 (10.5%) $973,830 (-1.6%) 0.00 338
    Flagstaff's median listing price for 2022-12-01 was $712,450, a difference of $67,950 (10.5%) versus the prior year and $-20,988 versus the prior month.

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

    Flagstaff's average listing price for 2022-12-01 was $973,830, a difference of $-15,742 (-1.6%) versus the prior year and $-6,256 versus the prior month.

    For the 2022-12-01 period, Flagstaff had 338 MLS listings, a difference of -28 listings (-8%) versus the prior month and 184 listings (119%) 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 2,442 sqft
    2018-04-01 0 days 2,445 sqft
    2018-05-01 0 days 2,422 sqft
    2018-06-01 0 days 2,402 sqft
    2018-07-01 0 days 2,352 sqft
    2018-08-01 0 days 2,302 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 2,163 sqft
    2019-05-01 0 days 2,134 sqft
    2019-06-01 0 days 2,114 sqft
    2019-07-01 0 days 2,087 sqft
    2019-08-01 0 days 2,116 sqft
    2019-09-01 0 days 2,154 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 2,295 sqft
    2020-03-01 0 days 2,315 sqft
    2020-04-01 0 days 2,195 sqft
    2020-05-01 0 days 2,179 sqft
    2020-06-01 0 days 2,170 sqft
    2020-07-01 0 days 2,176 sqft
    2020-08-01 0 days 2,132 sqft
    2020-09-01 0 days 2,185 sqft
    2020-10-01 0 days 2,196 sqft
    2020-11-01 0 days 2,202 sqft
    2020-12-01 0 days 2,112 sqft
    2021-01-01 0 days 2,200 sqft
    2021-02-01 0 days 2,042 sqft
    2021-03-01 0 days 2,152 sqft
    2021-04-01 0 days 2,088 sqft
    2021-05-01 0 days 2,077 sqft
    2021-06-01 0 days 2,042 sqft
    2021-07-01 0 days 2,004 sqft
    2021-08-01 0 days 2,012 sqft
    2021-09-01 0 days 2,030 sqft
    2021-10-01 0 days 2,063 sqft
    2021-11-01 0 days 2,105 sqft
    2021-12-01 0 days 2,052 sqft
    2022-01-01 0 days 2,063 sqft
    2022-02-01 0 days 2,058 sqft
    2022-03-01 0 days 2,069 sqft
    2022-04-01 0 days 2,002 sqft
    2022-05-01 0 days 2,023 sqft
    2022-06-01 0 days 2,042 sqft
    2022-07-01 0 days 2,005 sqft
    2022-08-01 0 days 2,054 sqft
    2022-09-01 0 days 2,095 sqft
    2022-10-01 0 days 2,129 sqft
    2022-11-01 0 days 2,048 sqft
    2022-12-01 0 days 2,022 sqft
    Flagstaff's median listing age (time on market) for 2022-12-01 was 0 days.

    Flagstaff's median square footage for active listings during the 2022-12-01 period was 2,022 sqft. One year prior, the average listing was 2,052 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.