Fort Smith VA Loan Rates, Closing Costs & Stats

FORT SMITH, AR-OK

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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.

    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 2025-07-04, 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 (2025-06-27) was 6.55% and one month ago for the week of 2025-05-30, the average rate was 6.97%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.25%.

    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.