Lake Havasu City VA Loan Rates, Closing Costs & Stats
LAKE HAVASU CITY-KINGMAN, AZ
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.
Lake Havasu City's 113 lenders originated 914 VA loans during 2022. The total origination value was $261,920,000, with an average VA loan value of $286,565.
Lake Havasu City VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Lake Havasu City
averaged
6.28%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
Lake Havasu City's average VA mortgage closing costs are $5,880.
The average rate for the prior week (2023-05-19) was
6.3% and
one month ago for the week of 2023-04-21, the
average rate was 5.93%.
The average rate one year ago was 4.9%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.44%.
Lake Havasu City 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 Lake Havasu City level.
The top Lake Havasu City VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
90 VA loans originated. Their average total fees are
$9,277, which is $1,758
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Lake Havasu City VA lenders (with over 10 loans originated) are
NOVA FINANCIAL & INVESTMENT CORPORATION ($4,785), NAVY FEDERAL CREDIT UNION ($6,304), HOME POINT FINANCIAL CORPORATION ($6,674), Mortgage Research Center, LLC ($7,520) and Barrington Bank & Trust Company, N.A. ($7,698).
The lowest rate Lake Havasu City VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (3.15%), VILLAGE CAPITAL MORTGAGE (3.53%), CLEARPATH LENDING (3.56%), NAVY FEDERAL CREDIT UNION (3.77%) and HOME POINT FINANCIAL CORPORATION (3.89%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Lake Havasu City (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 | $249,900 (3.6%) | $319,301 (8.5%) | 0.93 | 1,242 |
2018-02-01 | $254,075 (3.2%) | $325,834 (8.7%) | 0.92 | 1,345 |
2018-03-01 | $259,900 (5.3%) | $327,712 (7.5%) | 0.91 | 1,210 |
2018-04-01 | $263,900 (6.5%) | $333,048 (7.8%) | 0.89 | 1,198 |
2018-05-01 | $275,000 (10.0%) | $337,480 (8.2%) | 0.92 | 1,114 |
2018-06-01 | $284,900 (10.0%) | $341,023 (8.5%) | 0.95 | 1,046 |
2018-07-01 | $289,975 (12.0%) | $348,570 (10.7%) | 0.97 | 1,012 |
2018-08-01 | $279,950 (10.0%) | $340,315 (9.2%) | 0.94 | 1,011 |
2018-09-01 | $283,900 (13.6%) | $346,878 (11.6%) | 0.95 | 1,065 |
2018-10-01 | $283,450 (11.3%) | $345,121 (9.3%) | 0.96 | 1,142 |
2018-11-01 | $283,950 (11.4%) | $347,456 (9.1%) | 0.96 | 1,229 |
2018-12-01 | $279,450 (9.6%) | $343,770 (8.2%) | 0.96 | 1,218 |
2019-01-01 | $281,200 (12.5%) | $348,893 (9.3%) | 0.97 | 1,219 |
2019-02-01 | $289,250 (13.8%) | $358,515 (10.0%) | 0.98 | 1,286 |
2019-03-01 | $297,970 (14.7%) | $364,718 (11.3%) | 0.99 | 1,290 |
2019-04-01 | $299,000 (13.3%) | $370,683 (11.3%) | 0.95 | 1,263 |
2019-05-01 | $299,450 (8.9%) | $369,178 (9.4%) | 0.94 | 1,247 |
2019-06-01 | $301,000 (5.7%) | $376,264 (10.3%) | 0.94 | 1,183 |
2019-07-01 | $305,000 (5.2%) | $374,761 (7.5%) | 0.95 | 1,156 |
2019-08-01 | $319,000 (14.0%) | $383,321 (12.6%) | 1.00 | 1,138 |
2019-09-01 | $319,900 (12.7%) | $390,061 (12.5%) | 1.01 | 1,078 |
2019-10-01 | $321,950 (13.6%) | $388,920 (12.7%) | 1.04 | 1,136 |
2019-11-01 | $319,900 (12.7%) | $383,024 (10.2%) | 1.05 | 1,112 |
2019-12-01 | $322,300 (15.3%) | $387,720 (12.8%) | 1.07 | 1,084 |
2020-01-01 | $324,950 (15.6%) | $392,009 (12.4%) | 1.09 | 1,090 |
2020-02-01 | $325,000 (12.4%) | $391,905 (9.3%) | 1.06 | 1,021 |
2020-03-01 | $324,950 (9.1%) | $391,943 (7.5%) | 1.02 | 996 |
2020-04-01 | $311,950 (4.3%) | $378,462 (2.1%) | 0.98 | 1,075 |
2020-05-01 | $305,000 (1.9%) | $377,163 (2.2%) | 0.93 | 1,013 |
2020-06-01 | $299,900 (-0.4%) | $383,843 (2.0%) | 0.88 | 810 |
2020-07-01 | $322,400 (5.7%) | $393,680 (5.1%) | 0.93 | 674 |
2020-08-01 | $325,000 (1.9%) | $401,617 (4.8%) | 0.93 | 636 |
2020-09-01 | $333,750 (4.3%) | $418,161 (7.2%) | 0.96 | 593 |
2020-10-01 | $344,900 (7.1%) | $427,707 (10.0%) | 0.99 | 597 |
2020-11-01 | $343,650 (7.4%) | $429,091 (12.0%) | 1.00 | 607 |
2020-12-01 | $342,225 (6.2%) | $428,867 (10.6%) | 1.02 | 531 |
2021-01-01 | $334,500 (2.9%) | $437,781 (11.7%) | 1.00 | 484 |
2021-02-01 | $342,400 (5.4%) | $450,550 (15.0%) | 1.00 | 401 |
2021-03-01 | $349,950 (7.7%) | $451,091 (15.1%) | 0.99 | 363 |
2021-04-01 | $369,200 (18.4%) | $480,715 (27.0%) | 1.00 | 386 |
2021-05-01 | $398,000 (30.5%) | $497,608 (31.9%) | 1.06 | 374 |
2021-06-01 | $412,450 (37.5%) | $523,777 (36.5%) | 1.09 | 404 |
2021-07-01 | $402,500 (24.8%) | $508,619 (29.2%) | 1.06 | 490 |
2021-08-01 | $399,950 (23.1%) | $495,614 (23.4%) | 1.07 | 544 |
2021-09-01 | $399,000 (19.6%) | $490,209 (17.2%) | 1.06 | 613 |
2021-10-01 | $409,900 (18.9%) | $490,393 (14.7%) | 1.09 | 668 |
2021-11-01 | $399,750 (16.3%) | $483,933 (12.8%) | 1.07 | 657 |
2021-12-01 | $395,950 (15.7%) | $472,933 (10.3%) | 1.07 | 574 |
2022-01-01 | $425,450 (27.2%) | $508,148 (16.1%) | 1.15 | 510 |
2022-02-01 | $433,450 (26.6%) | $503,147 (11.7%) | 1.13 | 424 |
2022-03-01 | $444,700 (27.1%) | $509,454 (12.9%) | 1.11 | 428 |
2022-04-01 | $450,000 (21.9%) | $541,733 (12.7%) | 1.07 | 492 |
2022-05-01 | $442,450 (11.2%) | $542,256 (9.0%) | 1.01 | 707 |
2022-06-01 | $427,000 (3.5%) | $531,902 (1.6%) | 0.95 | 887 |
2022-07-01 | $425,000 (5.6%) | $522,095 (2.7%) | 0.96 | 1,133 |
2022-08-01 | $424,900 (6.2%) | $514,001 (3.7%) | 0.98 | 1,251 |
2022-09-01 | $419,450 (5.1%) | $498,285 (1.7%) | 0.98 | 1,274 |
2022-10-01 | $419,900 (2.4%) | $493,599 (0.7%) | 0.99 | 1,295 |
2022-11-01 | $412,450 (3.2%) | $486,873 (0.6%) | 0.99 | 1,343 |
2022-12-01 | $405,000 (2.3%) | $477,606 (1.0%) | 1.00 | 1,255 |
2023-01-01 | $404,353 (-5.0%) | $485,315 (-4.5%) | 1.00 | 1,157 |
2023-02-01 | $404,626 (-6.7%) | $486,009 (-3.4%) | 0.98 | 1,081 |
2023-03-01 | $405,000 (-8.9%) | $492,445 (-3.3%) | 0.95 | 1,018 |
2023-04-01 | $417,000 (-7.3%) | $516,122 (-4.7%) | 0.97 | 964 |
Lake Havasu City's median listing price comes in at 97% of the national average.
Lake Havasu City's average listing price for 2023-04-01 was $516,122, a difference of $-25,611 (-4.7%) versus the prior year and $23,677 versus the prior month.
For the 2023-04-01 period, Lake Havasu City had 964 MLS listings, a difference of -54 listings (-5%) versus the prior month and 472 listings (96%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lake Havasu City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 84 days | 1,714 sqft |
2018-02-01 | 88 days | 1,711 sqft |
2018-03-01 | 77 days | 1,713 sqft |
2018-04-01 | 80 days | 1,720 sqft |
2018-05-01 | 72 days | 1,728 sqft |
2018-06-01 | 75 days | 1,761 sqft |
2018-07-01 | 89 days | 1,772 sqft |
2018-08-01 | 72 days | 1,748 sqft |
2018-09-01 | 63 days | 1,755 sqft |
2018-10-01 | 66 days | 1,756 sqft |
2018-11-01 | 64 days | 1,746 sqft |
2018-12-01 | 72 days | 1,725 sqft |
2019-01-01 | 80 days | 1,732 sqft |
2019-02-01 | 80 days | 1,737 sqft |
2019-03-01 | 66 days | 1,752 sqft |
2019-04-01 | 68 days | 1,759 sqft |
2019-05-01 | 68 days | 1,748 sqft |
2019-06-01 | 72 days | 1,775 sqft |
2019-07-01 | 77 days | 1,786 sqft |
2019-08-01 | 92 days | 1,805 sqft |
2019-09-01 | 92 days | 1,814 sqft |
2019-10-01 | 81 days | 1,810 sqft |
2019-11-01 | 78 days | 1,791 sqft |
2019-12-01 | 87 days | 1,780 sqft |
2020-01-01 | 86 days | 1,798 sqft |
2020-02-01 | 85 days | 1,805 sqft |
2020-03-01 | 72 days | 1,783 sqft |
2020-04-01 | 67 days | 1,728 sqft |
2020-05-01 | 74 days | 1,720 sqft |
2020-06-01 | 88 days | 1,716 sqft |
2020-07-01 | 79 days | 1,732 sqft |
2020-08-01 | 73 days | 1,721 sqft |
2020-09-01 | 71 days | 1,720 sqft |
2020-10-01 | 59 days | 1,724 sqft |
2020-11-01 | 56 days | 1,710 sqft |
2020-12-01 | 58 days | 1,743 sqft |
2021-01-01 | 62 days | 1,709 sqft |
2021-02-01 | 62 days | 1,700 sqft |
2021-03-01 | 50 days | 1,743 sqft |
2021-04-01 | 38 days | 1,759 sqft |
2021-05-01 | 39 days | 1,743 sqft |
2021-06-01 | 41 days | 1,738 sqft |
2021-07-01 | 39 days | 1,722 sqft |
2021-08-01 | 39 days | 1,701 sqft |
2021-09-01 | 38 days | 1,713 sqft |
2021-10-01 | 44 days | 1,720 sqft |
2021-11-01 | 48 days | 1,719 sqft |
2021-12-01 | 58 days | 1,715 sqft |
2022-01-01 | 67 days | 1,737 sqft |
2022-02-01 | 58 days | 1,725 sqft |
2022-03-01 | 42 days | 1,739 sqft |
2022-04-01 | 39 days | 1,741 sqft |
2022-05-01 | 33 days | 1,706 sqft |
2022-06-01 | 36 days | 1,643 sqft |
2022-07-01 | 46 days | 1,630 sqft |
2022-08-01 | 52 days | 1,641 sqft |
2022-09-01 | 62 days | 1,642 sqft |
2022-10-01 | 73 days | 1,644 sqft |
2022-11-01 | 78 days | 1,639 sqft |
2022-12-01 | 87 days | 1,633 sqft |
2023-01-01 | 92 days | 1,655 sqft |
2023-02-01 | 92 days | 1,653 sqft |
2023-03-01 | 75 days | 1,657 sqft |
2023-04-01 | 72 days | 1,696 sqft |
Lake Havasu City's median square footage for active listings during the 2023-04-01 period was 1,696 sqft. One year prior, the average listing was 1,741 sqft.