Harrison VA Loan Rates, Closing Costs & Stats

Harrison, 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.

    Harrison's 23 lenders originated 67 VA loans during 2023. The total origination value was $16,325,000, with an average VA loan value of $243,657.

    Harrison VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Harrison averaged 6.83% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Harrison's average VA mortgage closing costs are $4,600.

    The average rate for the prior week (2024-04-12) was 6.76% and one month ago for the week of 2024-03-15, the average rate was 6.82%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Harrison 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 Harrison level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 13 6.64% $6,763
    Arvest Bank 4 6.66% $3,357
    NEW DAY FINANCIAL, LLC 4 7.31% $10,803
    QUICKEN LOANS, LLC 4 5.69% $8,961
    NAVY FEDERAL CREDIT UNION 3 5.83% $4,992
    GUILD MORTGAGE COMPANY 3 6.96% $10,879
    FREEDOM MORTGAGE CORPORATION 3 6.58% $7,782
    VILLAGE CAPITAL MORTGAGE 2 6.00% $3,214
    DAS Acquisition Company, LLC 2 7.00% $9,741
    PENNYMAC LOAN SERVICES, LLC 1 7.25% $4,866
    The Central Trust Bank 1 5.25% $2,812
    The Federal Savings Bank 1 7.25% $7,019
    USAA Federal Savings Bank 1 6.63% $3,590
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $20,698
    V.I.P. MORTGAGE, INC. 1 6.75% $1,213
    BROKER SOLUTIONS, INC. 1 6.75% $8,106
    Carrington Mortgage Services, LLC 1 5.25% $4,676
    Eagle Bank and Trust Company 1 6.13% $1,064
    First Option Mortgage, LLC 1 7.25% $10,541
    Gateway First Bank 1 6.25% $7,830
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $8,226
    Mid-Continent Funding, Inc. 1 6.63% $7,272
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $17,614

    The top Harrison VA lender as defined by loan originations is Mortgage Research Center, LLC, with 13 VA loans originated. Their average total fees are $6,763, which is $3,405 higher than the next largest lender, Arvest Bank.

    The lowest fee Harrison VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,763), .

    The lowest rate Harrison VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.64%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Harrison (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 $154,950 (10.8%) $219,357 (10.2%) 0.00 271
    2018-02-01 $154,925 (9.7%) $207,174 (-4.3%) 0.00 268
    2018-03-01 $149,900 (0.0%) $202,389 (-8.3%) 0.00 258
    2018-04-01 $149,450 (-4.5%) $201,648 (-11.7%) 0.00 254
    2018-05-01 $149,000 (-6.7%) $199,173 (-12.1%) 0.00 256
    2018-06-01 $150,000 (-4.5%) $207,423 (-6.7%) 0.00 270
    2018-07-01 $152,350 (1.6%) $209,379 (-4.0%) 0.00 285
    2018-08-01 $149,900 (-9.1%) $208,590 (-3.4%) 0.00 296
    2018-09-01 $149,900 (-9.1%) $207,938 (-3.8%) 0.00 305
    2018-10-01 $149,975 (-6.6%) $205,988 (-7.7%) 0.00 299
    2018-11-01 $143,725 (-9.9%) $201,355 (-6.6%) 0.00 302
    2018-12-01 $146,125 (-5.7%) $205,069 (-6.0%) 0.00 274
    2019-01-01 $143,500 (-7.4%) $202,126 (-7.9%) 0.00 258
    2019-02-01 $149,900 (-3.2%) $205,621 (-0.8%) 0.00 260
    2019-03-01 $154,186 (2.9%) $215,395 (6.4%) 0.00 261
    2019-04-01 $161,900 (8.3%) $230,219 (14.2%) 0.00 262
    2019-05-01 $162,925 (9.4%) $236,962 (19.0%) 0.00 272
    2019-06-01 $165,000 (10.0%) $239,026 (15.2%) 0.00 271
    2019-07-01 $169,450 (11.2%) $239,303 (14.3%) 0.00 273
    2019-08-01 $168,745 (12.6%) $242,176 (16.1%) 0.00 260
    2019-09-01 $174,514 (16.4%) $249,530 (20.0%) 0.00 254
    2019-10-01 $178,359 (18.9%) $249,423 (21.1%) 0.00 250
    2019-11-01 $175,000 (21.8%) $245,500 (21.9%) 0.00 253
    2019-12-01 $176,000 (20.4%) $246,256 (20.1%) 0.00 232
    2020-01-01 $178,450 (24.4%) $270,883 (34.0%) 0.00 211
    2020-02-01 $174,250 (16.2%) $273,434 (33.0%) 0.00 201
    2020-03-01 $179,950 (16.7%) $286,058 (32.8%) 0.00 197
    2020-04-01 $179,900 (11.1%) $270,715 (17.6%) 0.00 190
    2020-05-01 $172,167 (5.7%) $276,749 (16.8%) 0.00 170
    2020-06-01 $181,950 (10.3%) $292,233 (22.3%) 0.00 157
    2020-07-01 $202,950 (19.8%) $304,536 (27.3%) 0.00 134
    2020-08-01 $218,250 (29.3%) $313,808 (29.6%) 0.00 117
    2020-09-01 $213,700 (22.5%) $335,440 (34.4%) 0.00 105
    2020-10-01 $219,000 (22.8%) $351,827 (41.1%) 0.00 100
    2020-11-01 $221,200 (26.4%) $352,093 (43.4%) 0.00 97
    2020-12-01 $199,700 (13.5%) $337,365 (37.0%) 0.00 96
    2021-01-01 $219,900 (23.2%) $362,111 (33.7%) 0.00 81
    2021-02-01 $259,900 (49.2%) $405,390 (48.3%) 0.00 68
    2021-03-01 $247,675 (37.6%) $408,808 (42.9%) 0.00 70
    2021-04-01 $271,000 (50.6%) $446,747 (65.0%) 0.00 67
    2021-05-01 $259,900 (51.0%) $460,165 (66.3%) 0.00 61
    2021-06-01 $272,450 (49.7%) $477,141 (63.3%) 0.00 58
    2021-07-01 $268,800 (32.5%) $340,296 (11.7%) 0.00 73
    2021-08-01 $246,425 (12.9%) $379,728 (21.0%) 0.00 89
    2021-09-01 $260,500 (21.9%) $417,384 (24.4%) 0.00 92
    2021-10-01 $237,400 (8.4%) $411,742 (17.0%) 0.00 87
    2021-11-01 $239,950 (8.5%) $424,268 (20.5%) 0.00 84
    2021-12-01 $237,450 (18.9%) $417,545 (23.8%) 0.00 83
    2022-01-01 $249,900 (13.6%) $449,316 (24.1%) 0.00 80
    2022-02-01 $273,725 (5.3%) $491,868 (21.3%) 0.00 73
    2022-03-01 $294,950 (19.1%) $508,305 (24.3%) 0.00 81
    2022-04-01 $294,950 (8.8%) $473,585 (6.0%) 0.00 89
    2022-05-01 $326,225 (25.5%) $470,829 (2.3%) 0.00 98
    2022-06-01 $329,925 (21.1%) $456,549 (-4.3%) 0.00 123
    2022-07-01 $329,950 (22.8%) $453,913 (33.4%) 0.00 154
    2022-08-01 $339,500 (37.8%) $463,144 (22.0%) 0.00 156
    2022-09-01 $328,250 (26.0%) $443,733 (6.3%) 0.00 160
    2022-10-01 $326,250 (37.4%) $434,646 (5.6%) 0.00 171
    2022-11-01 $316,000 (31.7%) $427,477 (0.8%) 0.00 165
    2022-12-01 $299,900 (26.3%) $423,513 (1.4%) 0.00 165
    2023-01-01 $307,450 (23.0%) $432,091 (-3.8%) 0.00 144
    2023-02-01 $320,000 (16.9%) $437,374 (-11.1%) 0.00 143
    2023-03-01 $302,400 (2.5%) $441,227 (-13.2%) 0.00 145
    2023-04-01 $299,900 (1.7%) $441,311 (-6.8%) 0.00 143
    2023-05-01 $318,675 (-2.3%) $447,272 (-5.0%) 0.00 138
    2023-06-01 $306,200 (-7.2%) $454,752 (-0.4%) 0.00 153
    2023-07-01 $300,000 (-9.1%) $457,828 (0.9%) 0.00 166
    2023-08-01 $299,900 (-11.7%) $465,685 (0.6%) 0.00 171
    2023-09-01 $315,000 (-4.0%) $443,760 (0.0%) 0.00 188
    2023-10-01 $304,925 (-6.5%) $438,899 (1.0%) 0.00 193
    2023-11-01 $294,225 (-6.9%) $433,335 (1.4%) 0.00 198
    2023-12-01 $299,900 (0.0%) $449,271 (6.1%) 0.00 197
    2024-01-01 $299,900 (-2.5%) $420,263 (-2.7%) 0.00 186
    2024-02-01 $299,900 (-6.3%) $414,292 (-5.3%) 0.00 187
    2024-03-01 $308,000 (1.9%) $422,991 (-4.1%) 0.00 198
    Harrison's median listing price for 2024-03-01 was $308,000, a difference of $5,600 (1.9%) versus the prior year and $8,100 versus the prior month.

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

    Harrison's average listing price for 2024-03-01 was $422,991, a difference of $-18,236 (-4.1%) versus the prior year and $8,699 versus the prior month.

    For the 2024-03-01 period, Harrison had 198 MLS listings, a difference of 11 listings (6%) versus the prior month and 53 listings (37%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Harrison (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,764 sqft
    2018-02-01 0 days 1,764 sqft
    2018-03-01 0 days 1,750 sqft
    2018-04-01 0 days 1,775 sqft
    2018-05-01 0 days 1,750 sqft
    2018-06-01 0 days 1,804 sqft
    2018-07-01 0 days 1,833 sqft
    2018-08-01 0 days 1,798 sqft
    2018-09-01 0 days 1,749 sqft
    2018-10-01 0 days 1,717 sqft
    2018-11-01 0 days 1,742 sqft
    2018-12-01 0 days 1,759 sqft
    2019-01-01 0 days 1,736 sqft
    2019-02-01 0 days 1,744 sqft
    2019-03-01 0 days 1,772 sqft
    2019-04-01 0 days 1,802 sqft
    2019-05-01 0 days 1,799 sqft
    2019-06-01 0 days 1,816 sqft
    2019-07-01 0 days 1,849 sqft
    2019-08-01 0 days 1,823 sqft
    2019-09-01 0 days 1,810 sqft
    2019-10-01 0 days 1,799 sqft
    2019-11-01 0 days 1,748 sqft
    2019-12-01 0 days 1,800 sqft
    2020-01-01 0 days 1,819 sqft
    2020-02-01 0 days 1,796 sqft
    2020-03-01 0 days 1,825 sqft
    2020-04-01 0 days 1,831 sqft
    2020-05-01 0 days 1,850 sqft
    2020-06-01 0 days 1,989 sqft
    2020-07-01 0 days 1,967 sqft
    2020-08-01 0 days 2,132 sqft
    2020-09-01 0 days 2,042 sqft
    2020-10-01 0 days 1,980 sqft
    2020-11-01 0 days 2,011 sqft
    2020-12-01 0 days 1,883 sqft
    2021-01-01 0 days 1,802 sqft
    2021-02-01 0 days 1,821 sqft
    2021-03-01 0 days 1,768 sqft
    2021-04-01 0 days 1,855 sqft
    2021-05-01 0 days 2,310 sqft
    2021-06-01 0 days 2,174 sqft
    2021-07-01 0 days 1,900 sqft
    2021-08-01 0 days 1,833 sqft
    2021-09-01 0 days 1,802 sqft
    2021-10-01 0 days 1,724 sqft
    2021-11-01 0 days 1,725 sqft
    2021-12-01 0 days 1,724 sqft
    2022-01-01 0 days 1,723 sqft
    2022-02-01 0 days 1,725 sqft
    2022-03-01 0 days 1,743 sqft
    2022-04-01 0 days 1,746 sqft
    2022-05-01 0 days 2,019 sqft
    2022-06-01 0 days 2,048 sqft
    2022-07-01 0 days 2,048 sqft
    2022-08-01 0 days 2,015 sqft
    2022-09-01 0 days 2,071 sqft
    2022-10-01 0 days 2,048 sqft
    2022-11-01 0 days 1,860 sqft
    2022-12-01 0 days 1,860 sqft
    2023-01-01 0 days 1,944 sqft
    2023-02-01 0 days 1,903 sqft
    2023-03-01 0 days 1,913 sqft
    2023-04-01 0 days 1,920 sqft
    2023-05-01 0 days 1,948 sqft
    2023-06-01 0 days 1,920 sqft
    2023-07-01 0 days 1,944 sqft
    2023-08-01 0 days 1,910 sqft
    2023-09-01 0 days 1,887 sqft
    2023-10-01 0 days 1,879 sqft
    2023-11-01 0 days 1,798 sqft
    2023-12-01 0 days 1,783 sqft
    2024-01-01 0 days 1,799 sqft
    2024-02-01 0 days 1,796 sqft
    2024-03-01 0 days 1,800 sqft
    Harrison's median listing age (time on market) for 2024-03-01 was 0 days.

    Harrison's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 1,913 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.