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 6.78% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Fort Smith's average VA mortgage closing costs are $4,925.

    The average rate for the prior week (2025-07-04) was 6.69% and one month ago for the week of 2025-06-06, the average rate was 6.97%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.62%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fort Smith (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 $155,925 (1.6%) $225,227 (2.8%) 0.58 1,046
    2018-02-01 $157,450 (5.0%) $226,504 (4.6%) 0.57 1,022
    2018-03-01 $164,900 (9.2%) $233,718 (7.2%) 0.58 1,017
    2018-04-01 $162,450 (2.9%) $233,974 (1.8%) 0.55 1,042
    2018-05-01 $162,900 (2.2%) $232,532 (-1.2%) 0.54 1,067
    2018-06-01 $162,900 (1.8%) $234,102 (-2.4%) 0.54 1,088
    2018-07-01 $160,000 (3.2%) $230,325 (-0.3%) 0.53 1,110
    2018-08-01 $165,000 (9.3%) $231,432 (3.2%) 0.55 1,115
    2018-09-01 $159,900 (6.6%) $229,257 (2.4%) 0.54 1,137
    2018-10-01 $159,900 (4.5%) $227,327 (1.5%) 0.54 1,148
    2018-11-01 $159,500 (4.3%) $223,339 (-1.1%) 0.54 1,165
    2018-12-01 $157,500 (3.6%) $221,840 (-0.4%) 0.54 1,123
    2019-01-01 $158,300 (1.5%) $227,008 (0.8%) 0.55 1,078
    2019-02-01 $159,900 (1.6%) $232,498 (2.7%) 0.54 1,051
    2019-03-01 $164,186 (-0.4%) $239,539 (2.5%) 0.54 1,029
    2019-04-01 $169,250 (4.2%) $246,310 (5.3%) 0.54 1,028
    2019-05-01 $173,700 (6.6%) $248,415 (6.8%) 0.54 1,007
    2019-06-01 $175,000 (7.4%) $252,924 (8.0%) 0.55 985
    2019-07-01 $172,425 (7.8%) $253,357 (10.0%) 0.54 977
    2019-08-01 $169,268 (2.6%) $247,052 (6.8%) 0.54 989
    2019-09-01 $168,245 (5.2%) $241,247 (5.2%) 0.54 1,004
    2019-10-01 $166,725 (4.3%) $236,737 (4.1%) 0.54 1,006
    2019-11-01 $165,000 (3.5%) $235,510 (5.5%) 0.54 974
    2019-12-01 $164,500 (4.4%) $235,047 (6.0%) 0.55 926
    2020-01-01 $165,000 (4.2%) $233,384 (2.8%) 0.55 885
    2020-02-01 $165,000 (3.2%) $240,789 (3.6%) 0.54 884
    2020-03-01 $171,200 (4.3%) $246,419 (2.9%) 0.54 829
    2020-04-01 $175,850 (3.9%) $251,773 (2.2%) 0.55 814
    2020-05-01 $181,000 (4.2%) $258,862 (4.2%) 0.55 755
    2020-06-01 $195,000 (11.4%) $272,439 (7.7%) 0.57 696
    2020-07-01 $199,900 (15.9%) $282,626 (11.6%) 0.58 646
    2020-08-01 $199,900 (18.1%) $286,167 (15.8%) 0.57 609
    2020-09-01 $195,000 (15.9%) $297,686 (23.4%) 0.56 539
    2020-10-01 $199,900 (19.9%) $295,650 (24.9%) 0.57 522
    2020-11-01 $197,520 (19.7%) $305,723 (29.8%) 0.58 477
    2020-12-01 $187,000 (13.7%) $297,689 (26.7%) 0.56 453
    2021-01-01 $184,900 (12.1%) $304,372 (30.4%) 0.55 415
    2021-02-01 $199,900 (21.2%) $323,511 (34.4%) 0.58 349
    2021-03-01 $187,125 (9.3%) $319,027 (29.5%) 0.53 328
    2021-04-01 $195,000 (10.9%) $329,446 (30.9%) 0.53 327
    2021-05-01 $223,250 (23.3%) $347,381 (34.2%) 0.59 305
    2021-06-01 $224,850 (15.3%) $335,384 (23.1%) 0.59 339
    2021-07-01 $219,000 (9.6%) $322,988 (14.3%) 0.58 423
    2021-08-01 $203,450 (1.8%) $317,270 (10.9%) 0.54 434
    2021-09-01 $200,000 (2.6%) $318,324 (6.9%) 0.53 444
    2021-10-01 $216,500 (8.3%) $328,458 (11.1%) 0.58 411
    2021-11-01 $219,900 (11.3%) $332,475 (8.8%) 0.59 357
    2021-12-01 $219,975 (17.6%) $337,405 (13.3%) 0.60 341
    2022-01-01 $215,000 (16.3%) $337,168 (10.8%) 0.58 314
    2022-02-01 $224,500 (12.3%) $346,148 (7.0%) 0.58 294
    2022-03-01 $217,500 (16.2%) $334,516 (4.9%) 0.54 325
    2022-04-01 $219,950 (12.8%) $336,342 (2.1%) 0.52 321
    2022-05-01 $235,000 (5.3%) $337,732 (-2.8%) 0.54 347
    2022-06-01 $229,950 (2.3%) $329,285 (-1.8%) 0.51 386
    2022-07-01 $239,450 (9.3%) $340,407 (5.4%) 0.54 431
    2022-08-01 $235,000 (15.5%) $337,118 (6.3%) 0.54 460
    2022-09-01 $230,000 (15.0%) $309,296 (-2.8%) 0.54 487
    2022-10-01 $239,938 (10.8%) $311,398 (-5.2%) 0.56 524
    2022-11-01 $234,450 (6.6%) $324,817 (-2.3%) 0.56 526
    2022-12-01 $229,900 (4.5%) $321,912 (-4.6%) 0.57 492
    2023-01-01 $233,123 (8.4%) $324,205 (-3.8%) 0.58 482
    2023-02-01 $241,050 (7.4%) $330,455 (-4.5%) 0.58 447
    2023-03-01 $240,000 (10.3%) $338,068 (1.1%) 0.57 424
    2023-04-01 $245,000 (11.4%) $348,241 (3.5%) 0.57 413
    2023-05-01 $256,975 (9.4%) $347,590 (2.9%) 0.58 415
    2023-06-01 $263,500 (14.6%) $353,389 (7.3%) 0.59 445
    2023-07-01 $269,900 (12.7%) $356,265 (4.7%) 0.61 485
    2023-08-01 $276,975 (17.9%) $364,666 (8.2%) 0.64 516
    2023-09-01 $279,900 (21.7%) $365,246 (18.1%) 0.65 551
    2023-10-01 $274,725 (14.5%) $361,531 (16.1%) 0.65 626
    2023-11-01 $270,950 (15.6%) $358,069 (10.2%) 0.65 632
    2023-12-01 $265,000 (15.3%) $349,154 (8.5%) 0.65 653
    2024-01-01 $271,000 (16.3%) $349,392 (7.8%) 0.66 621
    2024-02-01 $258,375 (7.2%) $343,966 (4.1%) 0.62 630
    2024-03-01 $256,000 (6.7%) $340,483 (0.7%) 0.60 620
    2024-04-01 $276,250 (12.8%) $358,086 (2.8%) 0.64 604
    2024-05-01 $279,250 (8.7%) $365,858 (5.3%) 0.64 642
    2024-06-01 $275,000 (4.4%) $362,097 (2.5%) 0.63 661
    2024-07-01 $279,900 (3.7%) $371,235 (4.2%) 0.64 669
    2024-08-01 $280,000 (1.1%) $371,932 (2.0%) 0.65 716
    2024-09-01 $277,450 (-0.9%) $362,620 (-0.7%) 0.65 728
    2024-10-01 $272,000 (-1.0%) $355,872 (-1.6%) 0.64 803
    2024-11-01 $270,000 (-0.4%) $345,599 (-3.5%) 0.65 876
    2024-12-01 $278,225 (5.0%) $356,705 (2.2%) 0.69 720
    2025-01-01 $279,600 (3.2%) $361,542 (3.5%) 0.70 701
    2025-02-01 $277,225 (7.3%) $362,525 (5.4%) 0.67 689
    2025-03-01 $283,950 (10.9%) $363,965 (6.9%) 0.67 723
    2025-04-01 $276,375 (0.1%) $366,791 (2.4%) 0.64 731
    2025-05-01 $275,000 (-1.5%) $354,785 (-3.0%) 0.63 805
    2025-06-01 $278,000 (1.1%) $361,530 (-0.2%) 0.63 828
    Fort Smith's median listing price for 2025-06-01 was $278,000, a difference of $3,000 (1.1%) versus the prior year and $3,000 versus the prior month.

    Fort Smith's median listing price comes in at 63% of the national average.

    Fort Smith's average listing price for 2025-06-01 was $361,530, a difference of $-567 (-0.2%) versus the prior year and $6,745 versus the prior month.

    For the 2025-06-01 period, Fort Smith had 828 MLS listings, a difference of 23 listings (3%) versus the prior month and 167 listings (25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fort Smith (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 91 days 1,842 sqft
    2018-02-01 90 days 1,855 sqft
    2018-03-01 78 days 1,912 sqft
    2018-04-01 68 days 1,918 sqft
    2018-05-01 65 days 1,920 sqft
    2018-06-01 62 days 1,922 sqft
    2018-07-01 67 days 1,922 sqft
    2018-08-01 73 days 1,941 sqft
    2018-09-01 76 days 1,900 sqft
    2018-10-01 78 days 1,894 sqft
    2018-11-01 79 days 1,857 sqft
    2018-12-01 85 days 1,843 sqft
    2019-01-01 93 days 1,818 sqft
    2019-02-01 90 days 1,825 sqft
    2019-03-01 82 days 1,869 sqft
    2019-04-01 72 days 1,916 sqft
    2019-05-01 67 days 1,947 sqft
    2019-06-01 75 days 1,964 sqft
    2019-07-01 74 days 1,952 sqft
    2019-08-01 72 days 1,926 sqft
    2019-09-01 72 days 1,900 sqft
    2019-10-01 72 days 1,886 sqft
    2019-11-01 75 days 1,863 sqft
    2019-12-01 85 days 1,862 sqft
    2020-01-01 90 days 1,875 sqft
    2020-02-01 81 days 1,874 sqft
    2020-03-01 72 days 1,902 sqft
    2020-04-01 72 days 1,945 sqft
    2020-05-01 74 days 1,992 sqft
    2020-06-01 65 days 1,997 sqft
    2020-07-01 66 days 2,023 sqft
    2020-08-01 65 days 2,010 sqft
    2020-09-01 59 days 2,010 sqft
    2020-10-01 52 days 2,031 sqft
    2020-11-01 54 days 2,004 sqft
    2020-12-01 62 days 1,923 sqft
    2021-01-01 68 days 1,920 sqft
    2021-02-01 57 days 1,949 sqft
    2021-03-01 42 days 1,799 sqft
    2021-04-01 32 days 1,822 sqft
    2021-05-01 32 days 1,887 sqft
    2021-06-01 28 days 1,900 sqft
    2021-07-01 28 days 1,888 sqft
    2021-08-01 33 days 1,866 sqft
    2021-09-01 36 days 1,840 sqft
    2021-10-01 44 days 1,894 sqft
    2021-11-01 49 days 1,869 sqft
    2021-12-01 50 days 1,901 sqft
    2022-01-01 52 days 1,904 sqft
    2022-02-01 36 days 1,853 sqft
    2022-03-01 31 days 1,805 sqft
    2022-04-01 32 days 1,800 sqft
    2022-05-01 30 days 1,781 sqft
    2022-06-01 31 days 1,799 sqft
    2022-07-01 36 days 1,832 sqft
    2022-08-01 39 days 1,836 sqft
    2022-09-01 46 days 1,806 sqft
    2022-10-01 48 days 1,818 sqft
    2022-11-01 55 days 1,834 sqft
    2022-12-01 61 days 1,806 sqft
    2023-01-01 69 days 1,824 sqft
    2023-02-01 68 days 1,848 sqft
    2023-03-01 61 days 1,850 sqft
    2023-04-01 51 days 1,864 sqft
    2023-05-01 41 days 1,861 sqft
    2023-06-01 47 days 1,865 sqft
    2023-07-01 49 days 1,861 sqft
    2023-08-01 50 days 1,873 sqft
    2023-09-01 51 days 1,863 sqft
    2023-10-01 50 days 1,857 sqft
    2023-11-01 58 days 1,870 sqft
    2023-12-01 68 days 1,834 sqft
    2024-01-01 85 days 1,843 sqft
    2024-02-01 79 days 1,799 sqft
    2024-03-01 60 days 1,783 sqft
    2024-04-01 52 days 1,822 sqft
    2024-05-01 49 days 1,861 sqft
    2024-06-01 55 days 1,854 sqft
    2024-07-01 59 days 1,858 sqft
    2024-08-01 58 days 1,878 sqft
    2024-09-01 58 days 1,848 sqft
    2024-10-01 60 days 1,840 sqft
    2024-11-01 66 days 1,807 sqft
    2024-12-01 76 days 1,852 sqft
    2025-01-01 86 days 1,852 sqft
    2025-02-01 86 days 1,843 sqft
    2025-03-01 62 days 1,864 sqft
    2025-04-01 57 days 1,879 sqft
    2025-05-01 57 days 1,883 sqft
    2025-06-01 57 days 1,897 sqft
    Fort Smith's median listing age (time on market) for 2025-06-01 was 57 days. This is 4% longer than the same period one year ago.

    Fort Smith's median square footage for active listings during the 2025-06-01 period was 1,897 sqft. One year prior, the average listing was 1,854 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.