Jonesboro VA Loan Rates, Closing Costs & Stats

JONESBORO, 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.

    Jonesboro's 45 lenders originated 162 VA loans during 2023. The total origination value was $41,130,000, with an average VA loan value of $253,889.

    Jonesboro VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Jonesboro averaged 6.98% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Jonesboro's average VA mortgage closing costs are $4,961.

    The average rate for the prior week (2024-04-12) was 6.92% and one month ago for the week of 2024-03-15, the average rate was 6.58%.

    The average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.44%.

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

    Jonesboro 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 Jonesboro level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 45 6.78% $4,324
    Arvest Bank 8 6.58% $4,563
    NEW DAY FINANCIAL, LLC 6 7.52% $12,395
    First Financial Bank 5 6.83% $3,906
    NAVY FEDERAL CREDIT UNION 5 6.05% $8,168
    QUICKEN LOANS, LLC 5 5.92% $11,446
    Nations Lending Corporation 5 6.30% $7,020
    EVERETT FINANCIAL, INC. 5 6.90% $6,580
    Centennial Bank 4 6.22% $6,692
    UNITED WHOLESALE MORTGAGE, LLC 4 6.15% $6,083
    DAS Acquisition Company, LLC 4 7.00% $3,841
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.79% $11,932
    Barrington Bank & Trust Company, N.A. 3 6.08% $13,805
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.75% $3,062
    AMERICAN FINANCIAL NETWORK, INC. 2 6.81% $4,273
    BROKER SOLUTIONS, INC. 2 5.94% $10,690
    CORNERSTONE HOME LENDING, INC. 2 6.69% $9
    First Community Bank 2 6.31% $3,808
    FirstTrust Home Loans, Inc. 2 7.25% $3,546
    Magnolia Bank 2 6.56% $11,333
    Mr. Cooper ( Nationstar Mortgage ) 2 5.25% $10,474
    Paramount Residential Mortgage Group, Inc. 2 6.94% $7,389
    PENNYMAC LOAN SERVICES, LLC 2 5.38% $6,559
    Simmons Bank 2 5.69% $6,682
    The Federal Savings Bank 2 6.50% $9,859
    VILLAGE CAPITAL MORTGAGE 2 5.75% $6,326
    WILLOW BEND MORTGAGE COMPANY, LLC 2 7.44% $5,944
    MOVEMENT MORTGAGE, LLC 1 7.25% $3,775
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $2,621
    Citizens Bank 1 5.75% $4,518
    Century Mortgage Company DBA Century Lending Company 1 7.00% $0
    BancorpSouth 1 6.38% $600
    AMERISAVE MORTGAGE CORPORATION 1 7.25% $20,947
    USAA Federal Savings Bank 1 6.00% $7,986
    PENTAGON FEDERAL CREDIT UNION 1 5.50% $11,666
    PHH Mortgage Corporation 1 7.63% $6,078
    Equity Prime Mortgage LLC 1 6.38% $8,939
    ARKANSAS Federal Credit Union 1 5.75% $7,210
    GMFS LLC 1 6.75% $3,177
    ENCORE BANK 1 7.13% $8,347
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $9,202
    Regions Bank 1 5.75% $2,641
    Midwest Mortgage Associates Corporation 1 6.63% $14,217
    Eagle Bank and Trust Company 1 6.50% $8,123
    COMMUNITY MORTGAGE CORPORATION 1 7.00% $5,035

    The top Jonesboro VA lender as defined by loan originations is Mortgage Research Center, LLC, with 45 VA loans originated. Their average total fees are $4,324, which is $239 lower than the next largest lender, Arvest Bank.

    The lowest fee Jonesboro VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,324), .

    The lowest rate Jonesboro VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.78%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Jonesboro (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 $174,950 (11.2%) $225,139 (6.1%) 0.00 581
    2018-02-01 $183,387 (10.8%) $232,855 (6.7%) 0.00 564
    2018-03-01 $188,800 (11.1%) $235,627 (6.5%) 0.00 546
    2018-04-01 $175,500 (-1.3%) $232,936 (1.7%) 0.00 544
    2018-05-01 $176,250 (-3.4%) $232,218 (0.3%) 0.00 555
    2018-06-01 $174,900 (0.0%) $233,358 (0.9%) 0.00 590
    2018-07-01 $179,900 (8.4%) $236,190 (3.0%) 0.00 606
    2018-08-01 $178,950 (11.9%) $235,272 (5.3%) 0.00 632
    2018-09-01 $177,900 (8.8%) $234,919 (3.7%) 0.00 641
    2018-10-01 $174,575 (2.8%) $237,160 (5.1%) 0.00 655
    2018-11-01 $169,900 (-2.6%) $231,905 (2.0%) 0.00 679
    2018-12-01 $179,700 (4.2%) $233,972 (3.2%) 0.00 655
    2019-01-01 $184,000 (5.2%) $230,286 (2.3%) 0.00 644
    2019-02-01 $186,375 (1.6%) $240,099 (3.1%) 0.00 630
    2019-03-01 $194,186 (2.9%) $245,518 (4.2%) 0.00 610
    2019-04-01 $199,900 (13.9%) $249,554 (7.1%) 0.00 577
    2019-05-01 $204,075 (15.8%) $259,936 (11.9%) 0.00 584
    2019-06-01 $205,000 (17.2%) $260,389 (11.6%) 0.00 601
    2019-07-01 $212,900 (18.3%) $262,211 (11.0%) 0.00 578
    2019-08-01 $208,973 (16.8%) $260,104 (10.6%) 0.00 559
    2019-09-01 $203,082 (14.2%) $257,606 (9.7%) 0.00 560
    2019-10-01 $202,155 (15.8%) $255,296 (7.7%) 0.00 560
    2019-11-01 $206,200 (21.4%) $256,328 (10.5%) 0.00 525
    2019-12-01 $189,975 (5.7%) $247,417 (5.8%) 0.00 535
    2020-01-01 $186,475 (1.4%) $242,087 (5.1%) 0.00 511
    2020-02-01 $189,900 (1.9%) $242,486 (1.0%) 0.00 522
    2020-03-01 $197,400 (1.7%) $248,632 (1.3%) 0.00 508
    2020-04-01 $207,450 (3.8%) $255,249 (2.3%) 0.00 466
    2020-05-01 $199,900 (-2.1%) $263,753 (1.5%) 0.00 432
    2020-06-01 $210,925 (2.9%) $268,669 (3.2%) 0.00 440
    2020-07-01 $214,150 (0.6%) $272,178 (3.8%) 0.00 413
    2020-08-01 $210,950 (1.0%) $272,278 (4.7%) 0.00 394
    2020-09-01 $219,925 (8.3%) $275,180 (6.8%) 0.00 378
    2020-10-01 $214,950 (6.3%) $273,438 (7.1%) 0.00 359
    2020-11-01 $199,900 (-3.1%) $267,421 (4.3%) 0.00 355
    2020-12-01 $201,050 (5.8%) $270,798 (9.5%) 0.00 322
    2021-01-01 $199,900 (7.2%) $278,828 (15.2%) 0.00 288
    2021-02-01 $212,450 (11.9%) $294,790 (21.6%) 0.00 242
    2021-03-01 $221,800 (12.4%) $305,741 (23.0%) 0.00 234
    2021-04-01 $208,150 (0.3%) $301,120 (18.0%) 0.00 216
    2021-05-01 $199,450 (-0.2%) $302,989 (14.9%) 0.00 205
    2021-06-01 $199,778 (-5.3%) $298,350 (11.1%) 0.00 235
    2021-07-01 $199,900 (-6.7%) $307,295 (12.9%) 0.00 258
    2021-08-01 $199,900 (-5.2%) $307,638 (13.0%) 0.00 272
    2021-09-01 $200,156 (-9.0%) $295,854 (7.5%) 0.00 295
    2021-10-01 $199,400 (-7.2%) $294,275 (7.6%) 0.00 287
    2021-11-01 $213,250 (6.7%) $300,303 (12.3%) 0.00 264
    2021-12-01 $225,475 (12.2%) $300,948 (11.1%) 0.00 253
    2022-01-01 $229,000 (14.6%) $292,723 (5.0%) 0.00 220
    2022-02-01 $203,900 (-4.0%) $266,227 (-9.7%) 0.00 196
    2022-03-01 $218,300 (-1.6%) $285,169 (-6.7%) 0.00 205
    2022-04-01 $219,900 (5.6%) $284,732 (-5.4%) 0.00 222
    2022-05-01 $220,400 (10.5%) $284,725 (-6.0%) 0.00 235
    2022-06-01 $224,400 (12.3%) $286,878 (-3.9%) 0.00 283
    2022-07-01 $224,950 (12.5%) $291,169 (-5.3%) 0.00 360
    2022-08-01 $219,900 (10.0%) $283,242 (-7.9%) 0.00 390
    2022-09-01 $222,668 (11.3%) $284,822 (-3.7%) 0.00 394
    2022-10-01 $224,900 (12.8%) $278,225 (-5.5%) 0.00 415
    2022-11-01 $219,900 (3.1%) $271,668 (-9.5%) 0.00 437
    2022-12-01 $225,000 (-0.2%) $277,746 (-7.7%) 0.00 419
    2023-01-01 $222,225 (-3.0%) $267,069 (-8.8%) 0.00 394
    2023-02-01 $227,450 (11.6%) $267,294 (0.4%) 0.00 370
    2023-03-01 $244,900 (12.2%) $278,501 (-2.3%) 0.00 359
    2023-04-01 $254,900 (15.9%) $298,395 (4.8%) 0.00 375
    2023-05-01 $259,800 (17.9%) $300,746 (5.6%) 0.00 372
    2023-06-01 $257,700 (14.8%) $299,411 (4.4%) 0.00 363
    2023-07-01 $264,900 (17.8%) $303,915 (4.4%) 0.00 390
    2023-08-01 $268,475 (22.1%) $303,436 (7.1%) 0.00 447
    2023-09-01 $247,400 (11.1%) $289,457 (1.6%) 0.00 511
    2023-10-01 $238,400 (6.0%) $287,191 (3.2%) 0.00 555
    2023-11-01 $235,000 (6.9%) $296,577 (9.2%) 0.00 560
    2023-12-01 $238,950 (6.2%) $293,064 (5.5%) 0.00 562
    2024-01-01 $229,900 (3.5%) $288,919 (8.2%) 0.00 512
    2024-02-01 $232,812 (2.4%) $298,745 (11.8%) 0.00 457
    2024-03-01 $242,400 (-1.0%) $310,301 (11.4%) 0.00 470
    Jonesboro's median listing price for 2024-03-01 was $242,400, a difference of $-2,500 (-1.0%) versus the prior year and $9,588 versus the prior month.

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

    Jonesboro's average listing price for 2024-03-01 was $310,301, a difference of $31,800 (11.4%) versus the prior year and $11,556 versus the prior month.

    For the 2024-03-01 period, Jonesboro had 470 MLS listings, a difference of 13 listings (3%) versus the prior month and 111 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jonesboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,913 sqft
    2018-02-01 0 days 1,945 sqft
    2018-03-01 0 days 1,945 sqft
    2018-04-01 0 days 1,923 sqft
    2018-05-01 0 days 1,940 sqft
    2018-06-01 0 days 1,940 sqft
    2018-07-01 0 days 1,969 sqft
    2018-08-01 0 days 1,953 sqft
    2018-09-01 0 days 1,940 sqft
    2018-10-01 0 days 1,954 sqft
    2018-11-01 0 days 1,934 sqft
    2018-12-01 0 days 1,950 sqft
    2019-01-01 0 days 1,943 sqft
    2019-02-01 0 days 1,957 sqft
    2019-03-01 0 days 2,021 sqft
    2019-04-01 0 days 2,078 sqft
    2019-05-01 0 days 2,112 sqft
    2019-06-01 0 days 2,105 sqft
    2019-07-01 0 days 2,126 sqft
    2019-08-01 0 days 2,097 sqft
    2019-09-01 0 days 2,064 sqft
    2019-10-01 0 days 2,042 sqft
    2019-11-01 0 days 2,048 sqft
    2019-12-01 0 days 1,950 sqft
    2020-01-01 0 days 1,910 sqft
    2020-02-01 0 days 1,916 sqft
    2020-03-01 0 days 1,921 sqft
    2020-04-01 0 days 1,974 sqft
    2020-05-01 0 days 1,937 sqft
    2020-06-01 0 days 2,041 sqft
    2020-07-01 0 days 2,075 sqft
    2020-08-01 0 days 2,098 sqft
    2020-09-01 0 days 2,086 sqft
    2020-10-01 0 days 2,044 sqft
    2020-11-01 0 days 1,987 sqft
    2020-12-01 0 days 2,000 sqft
    2021-01-01 0 days 1,980 sqft
    2021-02-01 0 days 2,132 sqft
    2021-03-01 0 days 2,163 sqft
    2021-04-01 0 days 2,030 sqft
    2021-05-01 0 days 1,813 sqft
    2021-06-01 0 days 1,777 sqft
    2021-07-01 0 days 1,810 sqft
    2021-08-01 0 days 1,839 sqft
    2021-09-01 0 days 1,873 sqft
    2021-10-01 0 days 1,926 sqft
    2021-11-01 0 days 1,939 sqft
    2021-12-01 0 days 1,956 sqft
    2022-01-01 0 days 1,921 sqft
    2022-02-01 0 days 1,920 sqft
    2022-03-01 0 days 1,843 sqft
    2022-04-01 0 days 1,791 sqft
    2022-05-01 0 days 1,882 sqft
    2022-06-01 0 days 1,849 sqft
    2022-07-01 0 days 1,852 sqft
    2022-08-01 0 days 1,755 sqft
    2022-09-01 0 days 1,779 sqft
    2022-10-01 0 days 1,792 sqft
    2022-11-01 0 days 1,775 sqft
    2022-12-01 0 days 1,802 sqft
    2023-01-01 0 days 1,783 sqft
    2023-02-01 0 days 1,778 sqft
    2023-03-01 0 days 1,821 sqft
    2023-04-01 0 days 1,843 sqft
    2023-05-01 0 days 1,872 sqft
    2023-06-01 0 days 1,886 sqft
    2023-07-01 0 days 1,920 sqft
    2023-08-01 0 days 1,971 sqft
    2023-09-01 0 days 1,866 sqft
    2023-10-01 0 days 1,847 sqft
    2023-11-01 0 days 1,806 sqft
    2023-12-01 0 days 1,800 sqft
    2024-01-01 0 days 1,769 sqft
    2024-02-01 0 days 1,777 sqft
    2024-03-01 0 days 1,750 sqft
    Jonesboro's median listing age (time on market) for 2024-03-01 was 0 days.

    Jonesboro's median square footage for active listings during the 2024-03-01 period was 1,750 sqft. One year prior, the average listing was 1,821 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.