Hot Springs VA Loan Rates, Closing Costs & Stats

HOT SPRINGS, 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.

    Hot Springs's 47 lenders originated 179 VA loans during 2024. The total origination value was $52,335,000, with an average VA loan value of $292,374.

    Hot Springs VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hot Springs averaged 6.77% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Hot Springs's average VA mortgage closing costs are $4,899.

    The average rate for the prior week (2025-03-28) was 6.69% and one month ago for the week of 2025-02-28, the average rate was 6.67%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.39%.

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

    Hot Springs 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 Hot Springs level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 38 6.44% $5,352
    UNITED WHOLESALE MORTGAGE, LLC 14 5.87% $4,749
    QUICKEN LOANS, LLC 12 5.90% $12,648
    SWBC MORTGAGE CORPORATION 11 6.55% $3,531
    PENNYMAC LOAN SERVICES, LLC 7 5.96% $6,388
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.70% $7,104
    VILLAGE CAPITAL MORTGAGE 5 6.08% $5,915
    FREEDOM MORTGAGE CORPORATION 5 6.20% $7,907
    Arvest Bank 5 6.28% $6,541
    American Mortgage & Equity Consultants, Inc. 4 6.59% $10,481
    NEW DAY FINANCIAL, LLC 4 7.27% $6,670
    Mr. Cooper ( Nationstar Mortgage ) 4 6.22% $5,482
    CLEARPATH LENDING 3 5.33% $6,278
    Barrington Bank & Trust Company, N.A. 3 6.42% $7,238
    NEWREZ LLC 3 6.16% $3,813
    NAVY FEDERAL CREDIT UNION 3 6.17% $1,728
    FLAT BRANCH MORTGAGE, INC. 3 6.29% $6,776
    AMERICAN FINANCIAL NETWORK, INC. 2 6.63% $4,497
    ENCORE BANK 2 6.06% $2,261
    Magnolia Bank 2 6.37% $12,639
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $1,996
    MORTGAGEONE, INC. 2 6.19% $6,806
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.06% $6,644
    RELIANCE FIRST CAPITAL, LLC 2 6.19% $11,722
    GMFS LLC 2 6.19% $4,852
    USAA Federal Savings Bank 2 6.56% $3,029
    COMMUNITY MORTGAGE CORPORATION 2 6.25% $2,759
    PENTAGON FEDERAL CREDIT UNION 2 5.44% $5,579
    ZILLOW HOME LOANS, LLC 1 6.25% $4,716
    Bell Bank 1 6.50% $2,373
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $1,270
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.63% $27,513
    First Federal Bank 1 5.13% $13,986
    First Security Bank 1 6.63% $7,429
    GUARANTEED RATE, INC. 1 6.25% $7,242
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $11,190
    HOMESIDE FINANCIAL, LLC 1 6.75% $8,884
    LOANDEPOT.COM, LLC 1 5.50% $5,646
    Meridian Bank Corporation 1 5.75% $16,041
    MICHIGAN MUTUAL, INC. 1 6.25% $1,842
    MORTGAGE INVESTORS GROUP, INC. 1 6.50% $6,402
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $7,960
    NBKC BANK 1 5.63% $1,744
    PLANET HOME LENDING, LLC 1 5.75% $2,109
    POLARIS HOME FUNDING CORP. 1 6.75% $12,668
    TOWNE MORTGAGE COMPANY 1 5.99% $18,525
    U.S. Bank 1 6.13% $15,458

    The top Hot Springs VA lender as defined by loan originations is Mortgage Research Center, LLC, with 38 VA loans originated. Their average total fees are $5,352, which is $603 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Hot Springs VA lenders (with over 10 loans originated) are SWBC MORTGAGE CORPORATION ($3,531), UNITED WHOLESALE MORTGAGE, LLC ($4,749), Mortgage Research Center, LLC ($5,352), QUICKEN LOANS, LLC ($12,648) and .

    The lowest rate Hot Springs VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.87%), QUICKEN LOANS, LLC (5.90%), Mortgage Research Center, LLC (6.44%), SWBC MORTGAGE CORPORATION (6.55%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hot Springs (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 $209,250 (4.7%) $301,807 (6.5%) 0.00 903
    2018-02-01 $209,700 (3.8%) $298,714 (4.5%) 0.00 925
    2018-03-01 $219,900 (5.2%) $300,607 (4.5%) 0.00 961
    2018-04-01 $224,900 (7.6%) $305,007 (5.3%) 0.00 1,020
    2018-05-01 $224,900 (3.0%) $306,590 (4.3%) 0.00 1,061
    2018-06-01 $224,900 (2.5%) $310,445 (4.6%) 0.00 1,063
    2018-07-01 $219,675 (-0.2%) $297,350 (-3.6%) 0.00 1,083
    2018-08-01 $214,450 (-2.1%) $291,991 (-4.1%) 0.00 1,069
    2018-09-01 $216,000 (0.5%) $291,950 (-2.7%) 0.00 1,036
    2018-10-01 $199,575 (-6.1%) $282,949 (-3.7%) 0.00 1,027
    2018-11-01 $199,000 (-2.4%) $282,916 (-3.8%) 0.00 980
    2018-12-01 $199,000 (-5.0%) $283,313 (-5.2%) 0.00 917
    2019-01-01 $198,875 (-5.0%) $282,764 (-6.3%) 0.00 863
    2019-02-01 $198,250 (-5.5%) $283,441 (-5.1%) 0.00 902
    2019-03-01 $205,836 (-6.4%) $294,942 (-1.9%) 0.00 892
    2019-04-01 $214,975 (-4.4%) $311,964 (2.3%) 0.00 873
    2019-05-01 $219,900 (-2.2%) $318,376 (3.8%) 0.00 887
    2019-06-01 $224,000 (-0.4%) $319,096 (2.8%) 0.00 876
    2019-07-01 $224,950 (2.4%) $318,911 (7.3%) 0.00 884
    2019-08-01 $223,909 (4.4%) $319,260 (9.3%) 0.00 869
    2019-09-01 $225,648 (4.5%) $320,458 (9.8%) 0.00 845
    2019-10-01 $227,225 (13.9%) $321,256 (13.5%) 0.00 822
    2019-11-01 $238,500 (19.9%) $320,138 (13.2%) 0.00 736
    2019-12-01 $239,800 (20.5%) $326,326 (15.2%) 0.00 720
    2020-01-01 $239,325 (20.3%) $321,016 (13.5%) 0.00 686
    2020-02-01 $237,000 (19.6%) $318,878 (12.5%) 0.00 703
    2020-03-01 $239,450 (16.3%) $323,825 (9.8%) 0.00 702
    2020-04-01 $239,125 (11.2%) $319,080 (2.3%) 0.00 674
    2020-05-01 $239,950 (9.1%) $329,947 (3.6%) 0.00 662
    2020-06-01 $244,625 (9.2%) $338,972 (6.2%) 0.00 651
    2020-07-01 $250,000 (11.1%) $356,905 (11.9%) 0.00 599
    2020-08-01 $250,000 (11.7%) $356,979 (11.8%) 0.00 538
    2020-09-01 $256,000 (13.5%) $365,311 (14.0%) 0.00 490
    2020-10-01 $265,000 (16.6%) $369,033 (14.9%) 0.00 451
    2020-11-01 $269,500 (13.0%) $366,401 (14.5%) 0.00 402
    2020-12-01 $259,395 (8.2%) $359,828 (10.3%) 0.00 394
    2021-01-01 $259,790 (8.6%) $363,259 (13.2%) 0.00 367
    2021-02-01 $263,450 (11.2%) $381,416 (19.6%) 0.00 380
    2021-03-01 $271,163 (13.2%) $387,565 (19.7%) 0.00 342
    2021-04-01 $285,725 (19.5%) $414,705 (30.0%) 0.00 323
    2021-05-01 $299,900 (25.0%) $424,839 (28.8%) 0.00 369
    2021-06-01 $317,475 (29.8%) $456,594 (34.7%) 0.00 399
    2021-07-01 $319,900 (28.0%) $451,421 (26.5%) 0.00 428
    2021-08-01 $349,000 (39.6%) $474,643 (33.0%) 0.00 437
    2021-09-01 $349,450 (36.5%) $476,839 (30.5%) 0.00 436
    2021-10-01 $319,900 (20.7%) $463,210 (25.5%) 0.00 414
    2021-11-01 $324,250 (20.3%) $459,486 (25.4%) 0.00 398
    2021-12-01 $331,100 (27.6%) $462,959 (28.7%) 0.00 351
    2022-01-01 $325,000 (25.1%) $449,352 (23.7%) 0.00 308
    2022-02-01 $319,500 (21.3%) $466,246 (22.2%) 0.00 315
    2022-03-01 $322,500 (18.9%) $502,839 (29.7%) 0.00 313
    2022-04-01 $325,000 (13.8%) $498,290 (20.2%) 0.00 343
    2022-05-01 $327,450 (9.2%) $515,529 (21.4%) 0.00 342
    2022-06-01 $337,000 (6.2%) $488,247 (6.9%) 0.00 361
    2022-07-01 $349,500 (9.3%) $476,076 (5.5%) 0.00 395
    2022-08-01 $344,950 (-1.2%) $489,154 (3.1%) 0.00 430
    2022-09-01 $350,125 (0.2%) $497,578 (4.4%) 0.00 437
    2022-10-01 $349,900 (9.4%) $492,374 (6.3%) 0.00 467
    2022-11-01 $349,575 (7.8%) $466,259 (1.5%) 0.00 483
    2022-12-01 $325,200 (-1.8%) $451,469 (-2.5%) 0.00 445
    2023-01-01 $315,000 (-3.1%) $442,406 (-1.6%) 0.00 408
    2023-02-01 $311,600 (-2.5%) $453,421 (-2.8%) 0.00 418
    2023-03-01 $321,125 (-0.4%) $462,683 (-8.0%) 0.00 436
    2023-04-01 $325,000 (0.0%) $460,380 (-7.6%) 0.00 463
    2023-05-01 $322,500 (-1.5%) $466,892 (-9.4%) 0.00 463
    2023-06-01 $334,450 (-0.8%) $490,767 (0.5%) 0.00 487
    2023-07-01 $352,500 (0.9%) $526,488 (10.6%) 0.00 511
    2023-08-01 $354,450 (2.8%) $525,977 (7.5%) 0.00 516
    2023-09-01 $365,000 (4.3%) $515,085 (3.5%) 0.00 507
    2023-10-01 $349,950 (0.0%) $495,550 (0.6%) 0.00 525
    2023-11-01 $351,250 (0.5%) $501,676 (7.6%) 0.00 540
    2023-12-01 $345,450 (6.2%) $492,040 (9.0%) 0.00 527
    2024-01-01 $349,900 (11.1%) $484,800 (9.6%) 0.00 511
    2024-02-01 $349,800 (12.3%) $471,272 (3.9%) 0.00 529
    2024-03-01 $349,450 (8.8%) $468,050 (1.2%) 0.00 625
    2024-04-01 $363,075 (11.7%) $490,440 (6.5%) 0.00 692
    2024-05-01 $359,975 (11.6%) $501,592 (7.4%) 0.00 741
    2024-06-01 $350,000 (4.7%) $497,462 (1.4%) 0.00 778
    2024-07-01 $361,975 (2.7%) $521,102 (-1.0%) 0.00 785
    2024-08-01 $354,000 (-0.1%) $514,649 (-2.2%) 0.00 828
    2024-09-01 $349,950 (-4.1%) $509,145 (-1.2%) 0.00 822
    2024-10-01 $347,425 (-0.7%) $504,714 (1.9%) 0.00 830
    2024-11-01 $349,700 (-0.4%) $506,296 (0.9%) 0.00 808
    2024-12-01 $341,925 (-1.0%) $495,062 (0.6%) 0.00 745
    2025-01-01 $329,475 (-5.8%) $496,861 (2.5%) 0.00 716
    2025-02-01 $336,500 (-3.8%) $491,401 (4.3%) 0.00 758
    2025-03-01 $332,500 (-4.9%) $481,955 (3.0%) 0.00 798
    Hot Springs's median listing price for 2025-03-01 was $332,500, a difference of $-16,950 (-4.9%) versus the prior year and $-4,000 versus the prior month.

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

    Hot Springs's average listing price for 2025-03-01 was $481,955, a difference of $13,905 (3.0%) versus the prior year and $-9,446 versus the prior month.

    For the 2025-03-01 period, Hot Springs had 798 MLS listings, a difference of 40 listings (5%) versus the prior month and 173 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hot Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,958 sqft
    2018-02-01 0 days 1,952 sqft
    2018-03-01 0 days 1,947 sqft
    2018-04-01 0 days 1,959 sqft
    2018-05-01 0 days 1,983 sqft
    2018-06-01 0 days 2,016 sqft
    2018-07-01 0 days 2,000 sqft
    2018-08-01 0 days 2,002 sqft
    2018-09-01 0 days 1,978 sqft
    2018-10-01 0 days 1,917 sqft
    2018-11-01 0 days 1,896 sqft
    2018-12-01 0 days 1,895 sqft
    2019-01-01 0 days 1,880 sqft
    2019-02-01 0 days 1,881 sqft
    2019-03-01 0 days 1,902 sqft
    2019-04-01 0 days 1,932 sqft
    2019-05-01 0 days 2,000 sqft
    2019-06-01 0 days 2,011 sqft
    2019-07-01 0 days 2,000 sqft
    2019-08-01 0 days 2,001 sqft
    2019-09-01 0 days 1,984 sqft
    2019-10-01 0 days 1,979 sqft
    2019-11-01 0 days 2,064 sqft
    2019-12-01 0 days 2,024 sqft
    2020-01-01 0 days 1,997 sqft
    2020-02-01 0 days 1,965 sqft
    2020-03-01 0 days 1,968 sqft
    2020-04-01 0 days 1,967 sqft
    2020-05-01 0 days 1,994 sqft
    2020-06-01 0 days 2,079 sqft
    2020-07-01 0 days 2,113 sqft
    2020-08-01 0 days 2,196 sqft
    2020-09-01 0 days 2,160 sqft
    2020-10-01 0 days 2,160 sqft
    2020-11-01 0 days 2,110 sqft
    2020-12-01 0 days 2,003 sqft
    2021-01-01 0 days 1,920 sqft
    2021-02-01 0 days 1,922 sqft
    2021-03-01 0 days 1,908 sqft
    2021-04-01 0 days 1,935 sqft
    2021-05-01 0 days 1,920 sqft
    2021-06-01 0 days 2,100 sqft
    2021-07-01 0 days 2,011 sqft
    2021-08-01 0 days 2,100 sqft
    2021-09-01 0 days 2,052 sqft
    2021-10-01 0 days 2,141 sqft
    2021-11-01 0 days 2,133 sqft
    2021-12-01 0 days 2,069 sqft
    2022-01-01 0 days 2,013 sqft
    2022-02-01 0 days 2,016 sqft
    2022-03-01 0 days 1,944 sqft
    2022-04-01 0 days 1,885 sqft
    2022-05-01 0 days 2,027 sqft
    2022-06-01 0 days 2,128 sqft
    2022-07-01 0 days 2,118 sqft
    2022-08-01 0 days 2,038 sqft
    2022-09-01 0 days 1,928 sqft
    2022-10-01 0 days 1,924 sqft
    2022-11-01 0 days 1,862 sqft
    2022-12-01 0 days 1,782 sqft
    2023-01-01 0 days 1,728 sqft
    2023-02-01 0 days 1,720 sqft
    2023-03-01 0 days 1,720 sqft
    2023-04-01 0 days 1,755 sqft
    2023-05-01 0 days 1,783 sqft
    2023-06-01 0 days 1,859 sqft
    2023-07-01 0 days 1,856 sqft
    2023-08-01 0 days 1,838 sqft
    2023-09-01 0 days 1,752 sqft
    2023-10-01 0 days 1,771 sqft
    2023-11-01 0 days 1,808 sqft
    2023-12-01 0 days 1,809 sqft
    2024-01-01 0 days 1,817 sqft
    2024-02-01 0 days 1,800 sqft
    2024-03-01 0 days 1,776 sqft
    2024-04-01 0 days 1,800 sqft
    2024-05-01 0 days 1,808 sqft
    2024-06-01 0 days 1,792 sqft
    2024-07-01 0 days 1,852 sqft
    2024-08-01 0 days 1,823 sqft
    2024-09-01 0 days 1,817 sqft
    2024-10-01 0 days 1,823 sqft
    2024-11-01 0 days 1,829 sqft
    2024-12-01 0 days 1,852 sqft
    2025-01-01 0 days 1,868 sqft
    2025-02-01 0 days 1,864 sqft
    2025-03-01 0 days 1,828 sqft
    Hot Springs's median listing age (time on market) for 2025-03-01 was 0 days.

    Hot Springs's median square footage for active listings during the 2025-03-01 period was 1,828 sqft. One year prior, the average listing was 1,776 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.