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%.

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.