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 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%.
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.
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 | $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 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. LouisDate | 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 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.