Fort Smith VA Loan Rates, Closing Costs & Stats
FORT SMITH, AR-OK
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.
Fort Smith's 75 lenders originated 492 VA
loans during 2024. The total origination value was $128,320,000, with an average VA loan value of
$260,813.
Fort Smith VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Fort Smith
averaged
0.11%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Fort Smith's average VA mortgage closing costs are $4,925.
The average rate for the prior week (2025-06-13) was
6.96% and
one month ago for the week of 2025-05-16, the
average rate was 6.62%.
The average rate one year ago was 6.72%.
For refis of the same type during the week of 2025-06-20, the average rate
was 0.15%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Fort Smith 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 Fort Smith level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
Mortgage Research Center, LLC
|
92
|
6.47%
|
$4,021
|
Firstar Bank
|
48
|
6.29%
|
$6,994
|
QUICKEN LOANS, LLC
|
25
|
6.30%
|
$8,526
|
Arvest Bank
|
24
|
6.39%
|
$5,462
|
SWBC MORTGAGE CORPORATION
|
17
|
6.29%
|
$5,922
|
NEW DAY FINANCIAL, LLC
|
17
|
7.46%
|
$9,575
|
UNITED WHOLESALE MORTGAGE, LLC
|
16
|
5.95%
|
$6,197
|
First Financial Bank
|
16
|
6.18%
|
$7,055
|
PENNYMAC LOAN SERVICES, LLC
|
14
|
5.76%
|
$7,851
|
NAVY FEDERAL CREDIT UNION
|
13
|
5.85%
|
$3,050
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
13
|
7.18%
|
$3,546
|
USAA Federal Savings Bank
|
13
|
6.35%
|
$5,713
|
FREEDOM MORTGAGE CORPORATION
|
11
|
6.32%
|
$6,664
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
10
|
6.17%
|
$4,101
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
7
|
6.54%
|
$1,768
|
FIRST WESTERN MORTGAGE, INC.
|
7
|
6.11%
|
$6,557
|
FIRST COMMUNITY MORTGAGE, INC.
|
7
|
6.14%
|
$4,534
|
VILLAGE CAPITAL MORTGAGE
|
7
|
5.82%
|
$5,533
|
Barrington Bank & Trust Company, N.A.
|
5
|
6.45%
|
$5,080
|
FLAT BRANCH MORTGAGE, INC.
|
5
|
6.40%
|
$6,289
|
Carrington Mortgage Services, LLC
|
4
|
6.25%
|
$8,027
|
T2 FINANCIAL LLC
|
4
|
6.28%
|
$8,655
|
Bank of England
|
4
|
5.81%
|
$5,424
|
LOANDEPOT.COM, LLC
|
4
|
6.06%
|
$6,979
|
U.S. Bank
|
4
|
5.97%
|
$5,673
|
CROSSCOUNTRY MORTGAGE, LLC
|
4
|
6.27%
|
$4,798
|
BancorpSouth
|
4
|
6.28%
|
$8,429
|
NEWREZ LLC
|
4
|
5.97%
|
$4,636
|
The Federal Savings Bank
|
3
|
6.58%
|
$12,423
|
CLEARPATH LENDING
|
3
|
6.50%
|
$5,173
|
Sierra Pacific Mortgage Company, Inc.
|
3
|
6.58%
|
$5,252
|
PLANET HOME LENDING, LLC
|
2
|
6.31%
|
$1,844
|
Priority Bank
|
2
|
5.88%
|
$3,820
|
BROKER SOLUTIONS, INC.
|
2
|
6.44%
|
$6,618
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
2
|
6.69%
|
$6,282
|
AMERISAVE MORTGAGE CORPORATION
|
2
|
6.38%
|
$6,925
|
Magnolia Bank
|
2
|
5.81%
|
$18,097
|
GERSHMAN INVESTMENT CORP.
|
2
|
6.13%
|
$1,632
|
GUARANTEED RATE, INC.
|
2
|
6.51%
|
$3,426
|
BANK OF LITTLE ROCK MORTGAGE CORPORATION
|
2
|
6.63%
|
$4,498
|
LOANPAL, LLC
|
2
|
6.44%
|
$15,560
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
2
|
6.75%
|
$6,658
|
ZILLOW HOME LOANS, LLC
|
1
|
6.75%
|
$4,089
|
AmeriHome Mortgage Company, LLC
|
1
|
5.88%
|
$6,774
|
ARKANSAS Federal Credit Union
|
1
|
6.13%
|
$5,547
|
Capital Bank
|
1
|
5.75%
|
$5,309
|
Centennial Bank
|
1
|
6.25%
|
$12,170
|
Chambers Bank
|
1
|
6.13%
|
$10,772
|
Eagle Bank and Trust Company
|
1
|
6.00%
|
$4,840
|
EMBRACE HOME LOANS, INC.
|
1
|
6.13%
|
$4,345
|
ENCORE BANK
|
1
|
6.63%
|
$6,167
|
Equity Prime Mortgage LLC
|
1
|
5.88%
|
$6,558
|
EUSTIS AND AMERICAN MORTGAGE COMPANY
|
1
|
6.25%
|
$4,923
|
Fifth Third Bank
|
1
|
6.25%
|
$11,831
|
First Federal Bank
|
1
|
6.25%
|
$7,367
|
First United Bank and Trust Company
|
1
|
6.38%
|
$8,180
|
GUARANTEED RATE AFFINITY, LLC
|
1
|
6.00%
|
$3,379
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
1
|
5.88%
|
$1,359
|
HOMESIDE FINANCIAL, LLC
|
1
|
6.75%
|
$9,596
|
JPMorgan Chase Bank
|
1
|
6.50%
|
$0
|
LAKEVIEW LOAN SERVICING, LLC
|
1
|
6.75%
|
$7,802
|
MASON MCDUFFIE MORTGAGE CORPORATION
|
1
|
5.75%
|
$8,474
|
Mr. Cooper ( Nationstar Mortgage )
|
1
|
6.50%
|
$8,030
|
OPEN MORTGAGE, LLC
|
1
|
6.75%
|
$675
|
Paramount Residential Mortgage Group, Inc.
|
1
|
6.75%
|
$3,243
|
Prosperity Home Mortgage, LLC
|
1
|
6.00%
|
$14,410
|
Regions Bank
|
1
|
5.38%
|
$12,305
|
ROYAL UNITED MORTGAGE LLC
|
1
|
6.00%
|
$15,759
|
SENTE MORTGAGE, INC.
|
1
|
6.63%
|
$6,229
|
SUCCESS MORTGAGE PARTNERS, INC.
|
1
|
7.63%
|
$9,616
|
UNION HOME MORTGAGE CORP.
|
1
|
5.99%
|
$4,398
|
VERITAS FUNDING, LLC
|
1
|
6.63%
|
$12,946
|
Waterstone Mortgage Corporation
|
1
|
6.75%
|
$6,615
|
Wells Fargo Bank
|
1
|
6.88%
|
$18,871
|
AMERICAN FINANCIAL NETWORK, INC.
|
1
|
7.00%
|
$2,946
|
The top Fort Smith VA lender as defined by loan originations is Mortgage Research Center, LLC, with
92 VA loans originated. Their average total fees are
$4,021, which is $2,973
lower than the next largest lender,
Firstar Bank.
The lowest fee Fort Smith VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($3,050), MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,546), Mortgage Research Center, LLC ($4,021), HIGHLANDS RESIDENTIAL MORTGAGE, LTD. ($4,101) and Arvest Bank ($5,462).
The lowest rate Fort Smith VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (5.76%), NAVY FEDERAL CREDIT UNION (5.85%), UNITED WHOLESALE MORTGAGE, LLC (5.95%), HIGHLANDS RESIDENTIAL MORTGAGE, LTD. (6.17%) and First Financial Bank (6.18%).
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.