Forrest City VA Loan Rates, Closing Costs & Stats
Forrest City, AR
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.
Forrest City's 1 lenders originated 2 VA loans during 2023. The total origination value was $370,000, with an average VA loan value of $185,000.
Forrest City VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Forrest City
averaged
6.66%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Forrest City's average VA mortgage closing costs are $3,468.
The average rate for the prior week (2024-04-12) was
6.49% and
one month ago for the week of 2024-03-15, the
average rate was 6.55%.
The average rate one year ago was 6.24%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.86%.
Forrest City 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 Forrest City level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 1 | 7.25% | $5,937 |
The lowest fee Forrest City VA lenders (with over 10 loans originated) are
.
The lowest rate Forrest City VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Forrest City (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 | $104,925 (6.0%) | $126,074 (-0.8%) | 0.00 | 73 |
| 2018-02-01 | $112,500 (15.4%) | $127,943 (-1.0%) | 0.00 | 74 |
| 2018-03-01 | $115,000 (21.1%) | $145,215 (17.3%) | 0.00 | 71 |
| 2018-04-01 | $121,500 (24.0%) | $150,681 (17.0%) | 0.00 | 66 |
| 2018-05-01 | $120,375 (26.1%) | $148,337 (17.7%) | 0.00 | 64 |
| 2018-06-01 | $117,000 (27.6%) | $147,259 (13.5%) | 0.00 | 64 |
| 2018-07-01 | $120,375 (21.6%) | $149,251 (11.3%) | 0.00 | 60 |
| 2018-08-01 | $111,250 (12.1%) | $143,534 (14.1%) | 0.00 | 58 |
| 2018-09-01 | $100,000 (-2.3%) | $139,415 (1.7%) | 0.00 | 53 |
| 2018-10-01 | $105,000 (3.8%) | $143,673 (12.0%) | 0.00 | 55 |
| 2018-11-01 | $100,000 (1.0%) | $138,199 (16.5%) | 0.00 | 60 |
| 2018-12-01 | $99,900 (0.0%) | $134,397 (8.9%) | 0.00 | 58 |
| 2019-01-01 | $99,225 (-5.4%) | $116,422 (-7.7%) | 0.00 | 57 |
| 2019-02-01 | $109,000 (-3.1%) | $142,759 (11.6%) | 0.00 | 57 |
| 2019-03-01 | $107,857 (-6.2%) | $140,297 (-3.4%) | 0.00 | 57 |
| 2019-04-01 | $105,000 (-13.6%) | $137,297 (-8.9%) | 0.00 | 57 |
| 2019-05-01 | $106,175 (-11.8%) | $139,907 (-5.7%) | 0.00 | 54 |
| 2019-06-01 | $110,000 (-6.0%) | $147,559 (0.2%) | 0.00 | 50 |
| 2019-07-01 | $105,000 (-12.8%) | $149,332 (0.1%) | 0.00 | 48 |
| 2019-08-01 | $103,227 (-7.2%) | $142,122 (-1.0%) | 0.00 | 49 |
| 2019-09-01 | $100,568 (0.6%) | $130,350 (-6.5%) | 0.00 | 53 |
| 2019-10-01 | $98,795 (-5.9%) | $122,986 (-14.4%) | 0.00 | 56 |
| 2019-11-01 | $91,250 (-8.8%) | $130,691 (-5.4%) | 0.00 | 58 |
| 2019-12-01 | $103,500 (3.6%) | $140,109 (4.3%) | 0.00 | 60 |
| 2020-01-01 | $95,100 (-4.2%) | $136,154 (17.0%) | 0.00 | 57 |
| 2020-02-01 | $89,950 (-17.5%) | $136,567 (-4.3%) | 0.00 | 56 |
| 2020-03-01 | $91,750 (-14.9%) | $141,874 (1.1%) | 0.00 | 58 |
| 2020-04-01 | $87,200 (-17.0%) | $139,817 (1.8%) | 0.00 | 50 |
| 2020-05-01 | $89,900 (-15.3%) | $145,887 (4.3%) | 0.00 | 49 |
| 2020-06-01 | $123,675 (12.4%) | $156,642 (6.2%) | 0.00 | 45 |
| 2020-07-01 | $111,500 (6.2%) | $152,436 (2.1%) | 0.00 | 40 |
| 2020-08-01 | $124,950 (21.0%) | $157,990 (11.2%) | 0.00 | 37 |
| 2020-09-01 | $114,000 (13.4%) | $148,558 (14.0%) | 0.00 | 44 |
| 2020-10-01 | $111,000 (12.4%) | $148,424 (20.7%) | 0.00 | 44 |
| 2020-11-01 | $115,250 (26.3%) | $149,623 (14.5%) | 0.00 | 43 |
| 2020-12-01 | $118,500 (14.5%) | $153,199 (9.3%) | 0.00 | 42 |
| 2021-01-01 | $118,500 (24.6%) | $167,034 (22.7%) | 0.00 | 30 |
| 2021-02-01 | $104,750 (16.5%) | $163,937 (20.0%) | 0.00 | 31 |
| 2021-03-01 | $97,250 (6.0%) | $162,791 (14.7%) | 0.00 | 30 |
| 2021-04-01 | $107,250 (23.0%) | $167,856 (20.1%) | 0.00 | 26 |
| 2021-05-01 | $120,000 (33.5%) | $182,904 (25.4%) | 0.00 | 22 |
| 2021-06-01 | $113,500 (-8.2%) | $180,476 (15.2%) | 0.00 | 26 |
| 2021-07-01 | $98,100 (-12.0%) | $161,166 (5.7%) | 0.00 | 26 |
| 2021-08-01 | $105,000 (-16.0%) | $160,033 (1.3%) | 0.00 | 32 |
| 2021-09-01 | $122,000 (7.0%) | $165,845 (11.6%) | 0.00 | 30 |
| 2021-10-01 | $119,000 (7.2%) | $155,777 (5.0%) | 0.00 | 29 |
| 2021-11-01 | $114,000 (-1.1%) | $153,926 (2.9%) | 0.00 | 26 |
| 2021-12-01 | $125,000 (5.5%) | $159,178 (3.9%) | 0.00 | 25 |
| 2022-01-01 | $125,000 (5.5%) | $166,826 (-0.1%) | 0.00 | 25 |
| 2022-02-01 | $115,725 (10.5%) | $164,946 (0.6%) | 0.00 | 31 |
| 2022-03-01 | $109,000 (12.1%) | $149,988 (-7.9%) | 0.00 | 31 |
| 2022-04-01 | $114,300 (6.6%) | $164,031 (-2.3%) | 0.00 | 31 |
| 2022-05-01 | $123,750 (3.1%) | $162,766 (-11.0%) | 0.00 | 31 |
| 2022-06-01 | $126,000 (11.0%) | $172,679 (-4.3%) | 0.00 | 32 |
| 2022-07-01 | $120,000 (22.3%) | $157,071 (-2.5%) | 0.00 | 39 |
| 2022-08-01 | $124,950 (19.0%) | $177,521 (10.9%) | 0.00 | 40 |
| 2022-09-01 | $125,000 (2.5%) | $195,297 (17.8%) | 0.00 | 39 |
| 2022-10-01 | $109,900 (-7.7%) | $180,245 (15.7%) | 0.00 | 44 |
| 2022-11-01 | $107,425 (-5.8%) | $171,179 (11.2%) | 0.00 | 49 |
| 2022-12-01 | $109,000 (-12.8%) | $168,546 (5.9%) | 0.00 | 46 |
| 2023-01-01 | $128,100 (2.5%) | $180,088 (8.0%) | 0.00 | 38 |
| 2023-02-01 | $129,700 (12.1%) | $179,241 (8.7%) | 0.00 | 38 |
| 2023-03-01 | $130,000 (19.3%) | $180,351 (20.2%) | 0.00 | 36 |
| 2023-04-01 | $130,000 (13.7%) | $180,705 (10.2%) | 0.00 | 33 |
| 2023-05-01 | $124,925 (1.0%) | $202,684 (24.5%) | 0.00 | 27 |
| 2023-06-01 | $180,975 (43.6%) | $231,291 (33.9%) | 0.00 | 30 |
| 2023-07-01 | $186,000 (55.0%) | $232,663 (48.1%) | 0.00 | 36 |
| 2023-08-01 | $148,700 (19.0%) | $203,122 (14.4%) | 0.00 | 39 |
| 2023-09-01 | $127,500 (2.0%) | $172,940 (-11.5%) | 0.00 | 46 |
| 2023-10-01 | $124,950 (13.7%) | $162,634 (-9.8%) | 0.00 | 47 |
| 2023-11-01 | $151,625 (41.1%) | $200,955 (17.4%) | 0.00 | 29 |
| 2023-12-01 | $163,500 (50.0%) | $196,094 (16.3%) | 0.00 | 31 |
| 2024-01-01 | $172,225 (34.5%) | $209,256 (16.2%) | 0.00 | 23 |
| 2024-02-01 | $153,000 (18.0%) | $188,223 (5.0%) | 0.00 | 28 |
| 2024-03-01 | $157,000 (20.8%) | $214,153 (18.7%) | 0.00 | 26 |
Forrest City's median listing price comes in at 0% of the national average.
Forrest City's average listing price for 2024-03-01 was $214,153, a difference of $33,802 (18.7%) versus the prior year and $25,930 versus the prior month.
For the 2024-03-01 period, Forrest City had 26 MLS listings, a difference of -2 listings (-7%) versus the prior month and -10 listings (-28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Forrest City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,825 sqft |
| 2018-02-01 | 0 days | 1,937 sqft |
| 2018-03-01 | 0 days | 1,963 sqft |
| 2018-04-01 | 0 days | 2,036 sqft |
| 2018-05-01 | 0 days | 1,996 sqft |
| 2018-06-01 | 0 days | 1,946 sqft |
| 2018-07-01 | 0 days | 1,934 sqft |
| 2018-08-01 | 0 days | 1,883 sqft |
| 2018-09-01 | 0 days | 1,895 sqft |
| 2018-10-01 | 0 days | 1,946 sqft |
| 2018-11-01 | 0 days | 1,963 sqft |
| 2018-12-01 | 0 days | 1,956 sqft |
| 2019-01-01 | 0 days | 1,946 sqft |
| 2019-02-01 | 0 days | 1,996 sqft |
| 2019-03-01 | 0 days | 2,051 sqft |
| 2019-04-01 | 0 days | 2,017 sqft |
| 2019-05-01 | 0 days | 2,008 sqft |
| 2019-06-01 | 0 days | 2,057 sqft |
| 2019-07-01 | 0 days | 1,996 sqft |
| 2019-08-01 | 0 days | 1,804 sqft |
| 2019-09-01 | 0 days | 1,706 sqft |
| 2019-10-01 | 0 days | 1,640 sqft |
| 2019-11-01 | 0 days | 1,719 sqft |
| 2019-12-01 | 0 days | 1,697 sqft |
| 2020-01-01 | 0 days | 1,758 sqft |
| 2020-02-01 | 0 days | 1,695 sqft |
| 2020-03-01 | 0 days | 1,870 sqft |
| 2020-04-01 | 0 days | 1,768 sqft |
| 2020-05-01 | 0 days | 1,767 sqft |
| 2020-06-01 | 0 days | 1,893 sqft |
| 2020-07-01 | 0 days | 1,793 sqft |
| 2020-08-01 | 0 days | 1,793 sqft |
| 2020-09-01 | 0 days | 1,801 sqft |
| 2020-10-01 | 0 days | 1,792 sqft |
| 2020-11-01 | 0 days | 1,800 sqft |
| 2020-12-01 | 0 days | 1,825 sqft |
| 2021-01-01 | 0 days | 1,841 sqft |
| 2021-02-01 | 0 days | 1,774 sqft |
| 2021-03-01 | 0 days | 1,783 sqft |
| 2021-04-01 | 0 days | 1,836 sqft |
| 2021-05-01 | 0 days | 1,870 sqft |
| 2021-06-01 | 0 days | 1,847 sqft |
| 2021-07-01 | 0 days | 1,776 sqft |
| 2021-08-01 | 0 days | 1,798 sqft |
| 2021-09-01 | 0 days | 1,835 sqft |
| 2021-10-01 | 0 days | 1,700 sqft |
| 2021-11-01 | 0 days | 1,668 sqft |
| 2021-12-01 | 0 days | 1,817 sqft |
| 2022-01-01 | 0 days | 1,863 sqft |
| 2022-02-01 | 0 days | 1,996 sqft |
| 2022-03-01 | 0 days | 1,716 sqft |
| 2022-04-01 | 0 days | 1,897 sqft |
| 2022-05-01 | 0 days | 1,754 sqft |
| 2022-06-01 | 0 days | 1,667 sqft |
| 2022-07-01 | 0 days | 1,631 sqft |
| 2022-08-01 | 0 days | 1,629 sqft |
| 2022-09-01 | 0 days | 1,680 sqft |
| 2022-10-01 | 0 days | 1,530 sqft |
| 2022-11-01 | 0 days | 1,417 sqft |
| 2022-12-01 | 0 days | 1,369 sqft |
| 2023-01-01 | 0 days | 1,408 sqft |
| 2023-02-01 | 0 days | 1,594 sqft |
| 2023-03-01 | 0 days | 1,793 sqft |
| 2023-04-01 | 0 days | 1,731 sqft |
| 2023-05-01 | 0 days | 1,670 sqft |
| 2023-06-01 | 0 days | 1,775 sqft |
| 2023-07-01 | 0 days | 1,769 sqft |
| 2023-08-01 | 0 days | 1,680 sqft |
| 2023-09-01 | 0 days | 1,440 sqft |
| 2023-10-01 | 0 days | 1,470 sqft |
| 2023-11-01 | 0 days | 1,638 sqft |
| 2023-12-01 | 0 days | 1,857 sqft |
| 2024-01-01 | 0 days | 1,927 sqft |
| 2024-02-01 | 0 days | 1,925 sqft |
| 2024-03-01 | 0 days | 1,922 sqft |
Forrest City's median square footage for active listings during the 2024-03-01 period was 1,922 sqft. One year prior, the average listing was 1,793 sqft.