Hot Springs VA Loan Rates, Closing Costs & Stats
HOT SPRINGS, AR
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 42 lenders originated 150 VA loans during 2023. The total origination value was $40,920,000, with an average VA loan value of $272,800.
Hot Springs VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Hot Springs
averaged
6.61%
for the week of 2024-12-06, compared to the national average (all VA variants) of
6.143% for the same period.
Hot Springs's average VA mortgage closing costs are $4,705.
The average rate for the prior week (2024-11-29) was
6.41% and
one month ago for the week of 2024-11-01, the
average rate was 6.56%.
The average rate one year ago was 6.91%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.57%.
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.
The top Hot Springs VA lender as defined by loan originations is Mortgage Research Center, LLC, with
28 VA loans originated. Their average total fees are
$3,771, which is $107
higher than the next largest lender,
SWBC MORTGAGE CORPORATION.
The lowest fee Hot Springs VA lenders (with over 10 loans originated) are
SWBC MORTGAGE CORPORATION ($3,664), Mortgage Research Center, LLC ($3,771), QUICKEN LOANS, LLC ($10,092), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($11,700) and .
The lowest rate Hot Springs VA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.03%), SWBC MORTGAGE CORPORATION (6.78%), Mortgage Research Center, LLC (6.94%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (7.00%) and .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hot Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $209,125 (4.7%) | $301,597 (6.5%) | 0.00 | 904 |
2018-02-01 | $209,600 (3.9%) | $298,509 (4.5%) | 0.00 | 926 |
2018-03-01 | $219,900 (5.4%) | $300,406 (4.5%) | 0.00 | 961 |
2018-04-01 | $224,900 (7.6%) | $304,733 (5.3%) | 0.00 | 1,022 |
2018-05-01 | $224,900 (3.1%) | $306,269 (4.3%) | 0.00 | 1,064 |
2018-06-01 | $224,900 (2.5%) | $310,079 (4.5%) | 0.00 | 1,066 |
2018-07-01 | $219,225 (-0.4%) | $297,016 (-3.6%) | 0.00 | 1,085 |
2018-08-01 | $213,725 (-2.4%) | $291,558 (-4.2%) | 0.00 | 1,071 |
2018-09-01 | $215,500 (0.4%) | $291,501 (-2.8%) | 0.00 | 1,039 |
2018-10-01 | $199,450 (-6.1%) | $282,413 (-3.8%) | 0.00 | 1,030 |
2018-11-01 | $199,000 (-2.3%) | $282,365 (-3.9%) | 0.00 | 983 |
2018-12-01 | $198,500 (-5.1%) | $282,690 (-5.3%) | 0.00 | 920 |
2019-01-01 | $198,125 (-5.3%) | $282,134 (-6.5%) | 0.00 | 866 |
2019-02-01 | $197,350 (-5.8%) | $282,812 (-5.3%) | 0.00 | 905 |
2019-03-01 | $205,814 (-6.4%) | $294,265 (-2.0%) | 0.00 | 895 |
2019-04-01 | $214,950 (-4.4%) | $311,212 (2.1%) | 0.00 | 876 |
2019-05-01 | $219,450 (-2.4%) | $317,600 (3.7%) | 0.00 | 890 |
2019-06-01 | $224,000 (-0.4%) | $318,335 (2.7%) | 0.00 | 879 |
2019-07-01 | $224,900 (2.6%) | $318,411 (7.2%) | 0.00 | 887 |
2019-08-01 | $222,424 (4.1%) | $318,750 (9.3%) | 0.00 | 872 |
2019-09-01 | $224,185 (4.0%) | $319,942 (9.8%) | 0.00 | 847 |
2019-10-01 | $225,916 (13.3%) | $320,737 (13.6%) | 0.00 | 824 |
2019-11-01 | $238,500 (19.9%) | $319,614 (13.2%) | 0.00 | 736 |
2019-12-01 | $239,800 (20.8%) | $326,326 (15.4%) | 0.00 | 720 |
2020-01-01 | $239,200 (20.7%) | $320,874 (13.7%) | 0.00 | 687 |
2020-02-01 | $237,000 (20.1%) | $318,878 (12.8%) | 0.00 | 704 |
2020-03-01 | $239,450 (16.3%) | $323,825 (10.1%) | 0.00 | 703 |
2020-04-01 | $239,000 (11.2%) | $318,942 (2.5%) | 0.00 | 675 |
2020-05-01 | $239,900 (9.3%) | $329,783 (3.8%) | 0.00 | 663 |
2020-06-01 | $244,500 (9.2%) | $338,787 (6.4%) | 0.00 | 652 |
2020-07-01 | $250,000 (11.2%) | $356,905 (12.1%) | 0.00 | 600 |
2020-08-01 | $250,000 (12.4%) | $356,979 (12.0%) | 0.00 | 538 |
2020-09-01 | $256,000 (14.2%) | $365,311 (14.2%) | 0.00 | 490 |
2020-10-01 | $265,000 (17.3%) | $369,033 (15.1%) | 0.00 | 451 |
2020-11-01 | $269,500 (13.0%) | $366,401 (14.6%) | 0.00 | 401 |
2020-12-01 | $259,395 (8.2%) | $360,101 (10.4%) | 0.00 | 393 |
2021-01-01 | $260,845 (9.1%) | $363,862 (13.4%) | 0.00 | 366 |
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 (19.6%) | $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 (29.9%) | $456,594 (34.8%) | 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 (28.6%) | 0.00 | 351 |
2022-01-01 | $325,000 (24.6%) | $449,352 (23.5%) | 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 | $326,200 (8.8%) | $514,437 (21.1%) | 0.00 | 343 |
2022-06-01 | $336,000 (5.8%) | $487,453 (6.8%) | 0.00 | 363 |
2022-07-01 | $349,700 (9.3%) | $475,816 (5.4%) | 0.00 | 397 |
2022-08-01 | $344,950 (-1.2%) | $491,222 (3.5%) | 0.00 | 430 |
2022-09-01 | $350,125 (0.2%) | $499,487 (4.8%) | 0.00 | 437 |
2022-10-01 | $349,900 (9.4%) | $492,652 (6.4%) | 0.00 | 467 |
2022-11-01 | $349,475 (7.8%) | $466,623 (1.6%) | 0.00 | 481 |
2022-12-01 | $325,200 (-1.8%) | $452,194 (-2.3%) | 0.00 | 443 |
2023-01-01 | $315,000 (-3.1%) | $442,752 (-1.5%) | 0.00 | 406 |
2023-02-01 | $310,725 (-2.8%) | $453,432 (-2.8%) | 0.00 | 416 |
2023-03-01 | $319,750 (-0.9%) | $462,719 (-8.0%) | 0.00 | 435 |
2023-04-01 | $325,000 (0.0%) | $460,410 (-7.6%) | 0.00 | 462 |
2023-05-01 | $322,500 (-1.1%) | $466,928 (-9.2%) | 0.00 | 462 |
2023-06-01 | $334,450 (-0.5%) | $490,767 (0.7%) | 0.00 | 487 |
2023-07-01 | $352,500 (0.8%) | $526,488 (10.7%) | 0.00 | 511 |
2023-08-01 | $354,450 (2.8%) | $525,977 (7.1%) | 0.00 | 516 |
2023-09-01 | $365,000 (4.3%) | $515,085 (3.1%) | 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 (7.5%) | 0.00 | 540 |
2023-12-01 | $345,450 (6.2%) | $492,040 (8.8%) | 0.00 | 527 |
2024-01-01 | $349,900 (11.1%) | $484,800 (9.5%) | 0.00 | 511 |
2024-02-01 | $349,800 (12.6%) | $471,272 (3.9%) | 0.00 | 529 |
2024-03-01 | $349,450 (9.3%) | $468,050 (1.2%) | 0.00 | 625 |
2024-04-01 | $363,075 (11.7%) | $490,440 (6.5%) | 0.00 | 692 |
2024-05-01 | $362,500 (12.4%) | $508,840 (9.0%) | 0.00 | 741 |
2024-06-01 | $353,700 (5.8%) | $500,923 (2.1%) | 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 |
Hot Springs's median listing price comes in at 0% of the national average.
Hot Springs's average listing price for 2024-11-01 was $506,296, a difference of $4,620 (0.9%) versus the prior year and $1,582 versus the prior month.
For the 2024-11-01 period, Hot Springs had 808 MLS listings, a difference of -22 listings (-3%) versus the prior month and 268 listings (50%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hot Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,957 sqft |
2018-02-01 | 0 days | 1,950 sqft |
2018-03-01 | 0 days | 1,945 sqft |
2018-04-01 | 0 days | 1,957 sqft |
2018-05-01 | 0 days | 1,982 sqft |
2018-06-01 | 0 days | 2,016 sqft |
2018-07-01 | 0 days | 1,999 sqft |
2018-08-01 | 0 days | 2,000 sqft |
2018-09-01 | 0 days | 1,978 sqft |
2018-10-01 | 0 days | 1,915 sqft |
2018-11-01 | 0 days | 1,895 sqft |
2018-12-01 | 0 days | 1,895 sqft |
2019-01-01 | 0 days | 1,877 sqft |
2019-02-01 | 0 days | 1,881 sqft |
2019-03-01 | 0 days | 1,901 sqft |
2019-04-01 | 0 days | 1,931 sqft |
2019-05-01 | 0 days | 2,000 sqft |
2019-06-01 | 0 days | 2,010 sqft |
2019-07-01 | 0 days | 2,000 sqft |
2019-08-01 | 0 days | 2,000 sqft |
2019-09-01 | 0 days | 1,983 sqft |
2019-10-01 | 0 days | 1,973 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 | 1,968 sqft |
2020-03-01 | 0 days | 1,969 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 | 2,174 sqft |
2020-10-01 | 0 days | 2,160 sqft |
2020-11-01 | 0 days | 2,112 sqft |
2020-12-01 | 0 days | 2,007 sqft |
2021-01-01 | 0 days | 1,920 sqft |
2021-02-01 | 0 days | 1,922 sqft |
2021-03-01 | 0 days | 1,902 sqft |
2021-04-01 | 0 days | 1,928 sqft |
2021-05-01 | 0 days | 1,920 sqft |
2021-06-01 | 0 days | 2,100 sqft |
2021-07-01 | 0 days | 2,009 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 | 2,021 sqft |
2022-06-01 | 0 days | 2,126 sqft |
2022-07-01 | 0 days | 2,116 sqft |
2022-08-01 | 0 days | 2,038 sqft |
2022-09-01 | 0 days | 1,928 sqft |
2022-10-01 | 0 days | 1,920 sqft |
2022-11-01 | 0 days | 1,861 sqft |
2022-12-01 | 0 days | 1,772 sqft |
2023-01-01 | 0 days | 1,725 sqft |
2023-02-01 | 0 days | 1,717 sqft |
2023-03-01 | 0 days | 1,719 sqft |
2023-04-01 | 0 days | 1,755 sqft |
2023-05-01 | 0 days | 1,782 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 | 1,811 sqft |
2024-06-01 | 0 days | 1,796 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 |
Hot Springs's median square footage for active listings during the 2024-11-01 period was 1,829 sqft. One year prior, the average listing was 1,808 sqft.