Forrest City VA Loan Rates, Closing Costs & Stats

Forrest City, AR

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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.

    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 -0.2% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Forrest City's average VA mortgage closing costs are $3,468.

    The average rate for the prior week (2024-11-08) was 6.31% and one month ago for the week of 2024-10-11, the average rate was 5.68%.

    The average rate one year ago was 6.97%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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
    2024-04-01 $159,000 (22.3%) $210,414 (16.4%) 0.00 30
    2024-05-01 $142,975 (14.5%) $202,578 (-0.1%) 0.00 32
    2024-06-01 $119,450 (-34.0%) $183,662 (-20.6%) 0.00 43
    2024-07-01 $119,450 (-35.8%) $189,503 (-18.6%) 0.00 42
    2024-08-01 $139,250 (-6.4%) $203,013 (-0.1%) 0.00 36
    2024-09-01 $129,500 (1.6%) $205,483 (18.8%) 0.00 35
    2024-10-01 $121,250 (-3.0%) $190,182 (16.9%) 0.00 30
    Forrest City's median listing price for 2024-10-01 was $121,250, a difference of $-3,700 (-3.0%) versus the prior year and $-8,250 versus the prior month.

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

    Forrest City's average listing price for 2024-10-01 was $190,182, a difference of $27,548 (16.9%) versus the prior year and $-15,301 versus the prior month.

    For the 2024-10-01 period, Forrest City had 30 MLS listings, a difference of -5 listings (-14%) versus the prior month and -17 listings (-36%) 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
    2024-04-01 0 days 1,924 sqft
    2024-05-01 0 days 1,638 sqft
    2024-06-01 0 days 1,631 sqft
    2024-07-01 0 days 1,632 sqft
    2024-08-01 0 days 1,678 sqft
    2024-09-01 0 days 1,762 sqft
    2024-10-01 0 days 1,909 sqft
    Forrest City's median listing age (time on market) for 2024-10-01 was 0 days.

    Forrest City's median square footage for active listings during the 2024-10-01 period was 1,909 sqft. One year prior, the average listing was 1,470 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.