Lake Havasu City VA Loan Rates, Closing Costs & Stats

LAKE HAVASU CITY-KINGMAN, AZ

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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.

    Lake Havasu City's 130 lenders originated 2,070 VA loans during 2021. The total origination value was $517,760,000, with an average VA loan value of $250,126.

    Lake Havasu City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lake Havasu City averaged 6.58% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

    Lake Havasu City's average VA mortgage closing costs are $5,345.

    The average rate for the prior week (2022-11-25) was 6.82% and one month ago for the week of 2022-10-28, the average rate was 7.01%.

    The average rate one year ago was 3.79%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.28%.

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

    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.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    FREEDOM MORTGAGE CORPORATION 181 2.46% $3,021
    QUICKEN LOANS, LLC 169 2.43% $5,192
    Mortgage Research Center, LLC 141 2.81% $5,996
    UNITED WHOLESALE MORTGAGE, LLC 110 2.55% $6,471
    NEW DAY FINANCIAL, LLC 87 2.75% $7,555
    BROKER SOLUTIONS, INC. 82 3.02% $7,245
    PENNYMAC LOAN SERVICES, LLC 80 2.48% $5,121
    LOANDEPOT.COM, LLC 70 2.60% $6,339
    CLEARPATH LENDING 54 2.37% $4,431
    Wells Fargo Bank 46 2.69% $3,273
    Hometown Lenders, Inc. 45 3.27% $8,246
    AMERICAN FINANCIAL NETWORK, INC. 43 2.72% $9,355
    VILLAGE CAPITAL MORTGAGE 42 2.35% $2,999
    SUN AMERICAN MORTGAGE COMPANY 41 3.01% $6,341
    CALIBER HOME LOANS, INC. 38 2.41% $3,596
    NAVY FEDERAL CREDIT UNION 32 2.55% $5,256
    LAKEVIEW LOAN SERVICING, LLC 29 2.53% $2,718
    HOME POINT FINANCIAL CORPORATION 29 2.59% $6,535
    Low VA Rates, LLC 26 2.41% $4,851
    USAA Federal Savings Bank 25 2.89% $5,808
    NOVA FINANCIAL & INVESTMENT CORPORATION 24 3.33% $4,907
    Flagstar Bank, FSB 23 2.71% $6,226
    CROSSCOUNTRY MORTGAGE, LLC 22 3.11% $7,868
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 21 3.06% $6,444
    Barrington Bank & Trust Company, N.A. 20 2.79% $4,075
    Mr. Cooper ( Nationstar Mortgage ) 18 2.95% $2,974
    STEARNS LENDING, LLC 17 2.85% $6,240
    ACADEMY MORTGAGE CORPORATION 17 2.99% $9,450
    The Federal Savings Bank 16 2.50% $8,257
    AXIA FINANCIAL, LLC 16 2.91% $5,768
    PLANET HOME LENDING, LLC 15 2.56% $3,272
    Carrington Mortgage Services, LLC 14 3.23% $3,381
    SECURITYNATIONAL MORTGAGE COMPANY 14 3.10% $9,335
    NEWREZ LLC 14 2.82% $3,500
    AMERISAVE MORTGAGE CORPORATION 12 2.48% $8,131
    UNION HOME MORTGAGE CORP. 11 2.51% $3,746
    SUN WEST MORTGAGE COMPANY, INC. 11 2.37% $3,776
    ON Q FINANCIAL, INC. 9 3.60% $8,234
    FINANCE OF AMERICA MORTGAGE LLC 9 2.92% $5,579
    InterContinental Capital Group, Inc 9 2.46% $5,398
    HOMEBRIDGE FINANCIAL SERVICES, INC. 9 2.50% $3,846
    Paramount Residential Mortgage Group, Inc. 7 2.73% $4,884
    GUARANTEED RATE, INC. 7 2.54% $6,183
    GUILD MORTGAGE COMPANY 7 2.82% $7,348
    FBC MORTGAGE, LLC 6 2.89% $9,178
    LOANPAL, LLC 6 2.42% $7,774
    AMERICAN FINANCIAL RESOURCES, INC. 6 3.29% $5,324
    First Guaranty Mortgage Corporation 6 2.63% $4,336
    Magnolia Bank 6 2.83% $8,107
    AMERICAN FINANCING CORPORATION 5 2.63% $5,058
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 3.23% $5,244
    SOVEREIGN LENDING GROUP INCORPORATED 5 2.85% $8,505
    Glacier Bank 5 3.23% $7,385
    ACCELERATE MORTGAGE, LLC 5 2.25% $4,202
    Commerce Home Mortgage, Inc. 5 2.55% $5,120
    MUTUAL OF OMAHA MORTGAGE, INC. 4 2.53% $4,314
    SOUTHWEST STAGE FUNDING, LLC 4 3.19% $2,449
    BECKAM FUNDING CORP. 4 3.84% $7,426
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 2.66% $8,750
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 3.06% $4,556
    CELEBRITY HOME LOANS, LLC 4 3.16% $5,478
    INSPIRE HOME LOANS INC. 4 3.13% $8,156
    Mid-Continent Funding, Inc. 4 2.66% $3,566
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 3.33% $1,624
    First Federal Bank 3 3.42% $4,901
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 2.67% $3,099
    AMCAP MORTGAGE, LTD. 3 3.33% $6,999
    NP, Inc. 3 2.29% $4,186
    North American Savings Bank, F.S.B. 3 2.42% $1,365
    SUMMIT FUNDING, INC. 3 3.12% $9,761
    CMG MORTGAGE, INC. 3 2.92% $6,975
    HOMESIDE FINANCIAL, LLC 3 2.29% $3,951
    MOVEMENT MORTGAGE, LLC 3 2.79% $6,082
    NBKC BANK 3 2.54% $8,259
    Amerifirst Financial, Inc. 3 2.83% $11,993
    Gateway First Bank 2 2.94% $5,181
    Equity Prime Mortgage LLC 2 2.88% $15,691
    PREMIER LENDING, INC. 2 3.31% $9,284
    LHM FINANCIAL CORPORATION 2 3.56% $4,225
    PENTAGON FEDERAL CREDIT UNION 2 2.25% $1,016
    OCMBC, INC. 2 3.00% $7,728
    NFM, INC. 2 3.00% $8,000
    MOUNTAIN WEST FINANCIAL, INC. 2 2.50% $12,332
    Waterstone Mortgage Corporation 2 2.81% $5,246
    Willamette Valley Bank 1 2.63% $4,078
    ALL WESTERN MORTGAGE, INC. 1 3.25% $3,832
    AmeriHome Mortgage Company, LLC 1 2.88% $1,622
    Armed Forces Bank 1 2.50% $4,760
    Bank of the West 1 3.25% $6,684
    BAY EQUITY LLC 1 2.99% $8,300
    BAYSHORE MORTGAGE FUNDING, LLC 1 2.25% $2,331
    BELEM SERVICING LLC 1 2.50% $18,393
    BNC National Bank 1 2.63% $2,435
    Century Mortgage Company DBA Century Lending Company 1 2.38% $5,915
    Citizens Bank 1 2.75% $6,322
    COMPASS MORTGAGE, INC. 1 2.75% $3,616
    DAS Acquisition Company, LLC 1 3.50% $1,895
    DATA MORTGAGE, INC. 1 2.88% $5,460
    ENVOY MORTGAGE, LTD 1 2.75% $13,175
    First Home Bank 1 2.25% $2,104
    First Option Mortgage, LLC 1 3.13% $4,592
    Fortress Bank 1 2.38% $21,806
    Golden Empire Mortgage, Inc. 1 3.25% $5,627
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.75% $18,903
    Goldwater Bank, N.A. 1 2.38% $3,967
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 4.13% $11,216
    INTELLILOAN, INC. 1 2.25% $14,432
    Ixonia Bank 1 2.88% $15,313
    Lakeview Community Capital, LLC 1 2.75% $3,478
    LEADERONE FINANCIAL CORPORATION 1 2.88% $21,246
    Lend Smart Mortgage, LLC 1 2.75% $13,411
    LIBERTY HOME MORTGAGE CORPORATION 1 2.25% $5,737
    MID AMERICA MORTGAGE, INC. 1 2.25% $1,150
    MORIA DEVELOPMENT, INC. 1 3.75% $6,262
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $3,752
    Nations Lending Corporation 1 2.50% $2,867
    NETWORK CAPITAL FUNDING CORPORATION 1 2.63% $8,386
    Northpointe Bank 1 3.75% $3,518
    PANORAMA MORTGAGE GROUP, LLC 1 2.50% $8,615
    Paramount Bank 1 3.00% $12,390
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 2.63% $16,785
    Prime Choice Funding Inc. 1 2.25% $2,497
    ROYAL UNITED MORTGAGE LLC 1 2.75% $15,012
    SWBC MORTGAGE CORPORATION 1 2.88% $4,784
    Texana Bank 1 2.25% $3,174
    TJC Mortgage, Inc. 1 2.75% $10,057
    V.I.P. MORTGAGE, INC. 1 3.63% $3,391
    Watermark Capital, Inc. 1 3.25% $7,272
    WESTERN EXPRESS LENDING 1 2.38% $11,901
    1st Security Bank of Washington 1 2.75% $3,640

    The top Lake Havasu City VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 181 VA loans originated. Their average total fees are $3,021, which is $2,171 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Lake Havasu City VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,718), Mr. Cooper ( Nationstar Mortgage ) ($2,974), VILLAGE CAPITAL MORTGAGE ($2,999), FREEDOM MORTGAGE CORPORATION ($3,021) and PLANET HOME LENDING, LLC ($3,272).

    The lowest rate Lake Havasu City VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (2.35%), CLEARPATH LENDING (2.37%), SUN WEST MORTGAGE COMPANY, INC. (2.37%), Low VA Rates, LLC (2.41%) and CALIBER HOME LOANS, INC. (2.41%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lake Havasu City (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 $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 $293,571 (13.0%) $363,187 (10.8%) 0.96 1,285
    2019-04-01 $298,321 (13.0%) $369,961 (11.1%) 0.95 1,262
    2019-05-01 $299,450 (8.9%) $369,067 (9.4%) 0.94 1,250
    2019-06-01 $300,000 (5.3%) $375,772 (10.2%) 0.94 1,186
    2019-07-01 $304,500 (5.0%) $374,274 (7.4%) 0.95 1,159
    2019-08-01 $305,427 (9.1%) $376,899 (10.8%) 0.97 1,165
    2019-09-01 $313,568 (10.5%) $383,984 (10.7%) 1.00 1,149
    2019-10-01 $321,630 (13.5%) $388,708 (12.6%) 1.04 1,139
    2019-11-01 $319,900 (12.7%) $382,682 (10.1%) 1.05 1,114
    2019-12-01 $321,890 (15.2%) $387,148 (12.6%) 1.07 1,087
    2020-01-01 $324,950 (15.6%) $391,425 (12.2%) 1.09 1,093
    2020-02-01 $324,900 (12.3%) $391,299 (9.1%) 1.06 1,024
    2020-03-01 $324,900 (10.7%) $391,316 (7.7%) 1.02 999
    2020-04-01 $311,000 (4.3%) $377,901 (2.2%) 0.97 1,078
    2020-05-01 $305,000 (1.9%) $376,572 (2.0%) 0.93 1,016
    2020-06-01 $299,738 (-0.1%) $383,089 (2.0%) 0.88 814
    2020-07-01 $322,400 (5.9%) $392,819 (5.0%) 0.93 678
    2020-08-01 $325,000 (6.4%) $400,713 (6.3%) 0.93 640
    2020-09-01 $331,225 (5.6%) $416,977 (8.6%) 0.95 597
    2020-10-01 $342,900 (6.6%) $426,469 (9.7%) 0.98 601
    2020-11-01 $342,400 (7.0%) $427,852 (11.8%) 1.00 611
    2020-12-01 $341,950 (6.2%) $427,491 (10.4%) 1.02 535
    2021-01-01 $333,000 (2.5%) $436,332 (11.5%) 0.99 488
    2021-02-01 $339,400 (4.5%) $448,570 (14.6%) 0.99 405
    2021-03-01 $349,750 (7.7%) $449,062 (14.8%) 0.99 366
    2021-04-01 $368,400 (18.5%) $478,688 (26.7%) 1.00 389
    2021-05-01 $395,200 (29.6%) $495,394 (31.6%) 1.05 377
    2021-06-01 $410,822 (37.1%) $521,191 (36.1%) 1.08 408
    2021-07-01 $399,900 (24.0%) $506,668 (29.0%) 1.05 494
    2021-08-01 $399,900 (23.1%) $493,756 (23.2%) 1.07 548
    2021-09-01 $399,000 (20.5%) $488,616 (17.2%) 1.06 617
    2021-10-01 $409,000 (19.3%) $488,907 (14.6%) 1.09 672
    2021-11-01 $399,450 (16.7%) $482,483 (12.8%) 1.07 661
    2021-12-01 $394,450 (15.4%) $471,437 (10.3%) 1.07 578
    2022-01-01 $425,000 (27.6%) $506,096 (16.0%) 1.15 514
    2022-02-01 $430,000 (26.7%) $500,885 (11.7%) 1.12 428
    2022-03-01 $444,400 (27.1%) $507,326 (13.0%) 1.11 432
    2022-04-01 $450,000 (22.2%) $539,885 (12.8%) 1.07 496
    2022-05-01 $442,200 (11.9%) $540,638 (9.1%) 1.01 711
    2022-06-01 $425,000 (3.5%) $530,651 (1.8%) 0.95 891
    2022-07-01 $425,000 (6.3%) $521,122 (2.9%) 0.96 1,137
    2022-08-01 $422,450 (5.6%) $513,132 (3.9%) 0.98 1,255
    2022-09-01 $418,975 (5.0%) $497,483 (1.8%) 0.98 1,278
    2022-10-01 $419,450 (2.6%) $492,812 (0.8%) 0.99 1,299
    2022-11-01 $412,200 (3.2%) $486,152 (0.8%) 0.99 1,346
    Lake Havasu City's median listing price for 2022-11-01 was $412,200, a difference of $12,750 (3.2%) versus the prior year and $-7,250 versus the prior month.

    Lake Havasu City's median listing price comes in at 99% of the national average.

    Lake Havasu City's average listing price for 2022-11-01 was $486,152, a difference of $3,669 (0.8%) versus the prior year and $-6,660 versus the prior month.

    For the 2022-11-01 period, Lake Havasu City had 1,346 MLS listings, a difference of 47 listings (4%) versus the prior month and 685 listings (104%) 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. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 84 days 1,714 sqft
    2018-02-01 88 days 1,712 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 1,747 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 74 days 1,748 sqft
    2019-04-01 68 days 1,760 sqft
    2019-05-01 68 days 1,748 sqft
    2019-06-01 72 days 1,774 sqft
    2019-07-01 77 days 1,786 sqft
    2019-08-01 81 days 1,797 sqft
    2019-09-01 81 days 1,804 sqft
    2019-10-01 81 days 1,808 sqft
    2019-11-01 78 days 1,791 sqft
    2019-12-01 87 days 1,780 sqft
    2020-01-01 87 days 1,797 sqft
    2020-02-01 85 days 1,804 sqft
    2020-03-01 72 days 1,782 sqft
    2020-04-01 68 days 1,728 sqft
    2020-05-01 75 days 1,720 sqft
    2020-06-01 88 days 1,716 sqft
    2020-07-01 80 days 1,731 sqft
    2020-08-01 74 days 1,720 sqft
    2020-09-01 71 days 1,718 sqft
    2020-10-01 60 days 1,720 sqft
    2020-11-01 56 days 1,709 sqft
    2020-12-01 60 days 1,742 sqft
    2021-01-01 62 days 1,704 sqft
    2021-02-01 64 days 1,697 sqft
    2021-03-01 50 days 1,737 sqft
    2021-04-01 39 days 1,758 sqft
    2021-05-01 40 days 1,742 sqft
    2021-06-01 41 days 1,736 sqft
    2021-07-01 40 days 1,721 sqft
    2021-08-01 39 days 1,698 sqft
    2021-09-01 39 days 1,712 sqft
    2021-10-01 44 days 1,718 sqft
    2021-11-01 49 days 1,718 sqft
    2021-12-01 58 days 1,714 sqft
    2022-01-01 68 days 1,736 sqft
    2022-02-01 60 days 1,723 sqft
    2022-03-01 42 days 1,736 sqft
    2022-04-01 39 days 1,739 sqft
    2022-05-01 34 days 1,706 sqft
    2022-06-01 36 days 1,642 sqft
    2022-07-01 46 days 1,630 sqft
    2022-08-01 52 days 1,640 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
    Lake Havasu City's median listing age (time on market) for 2022-11-01 was 78 days. This is 61% longer than the same period one year ago.

    Lake Havasu City's median square footage for active listings during the 2022-11-01 period was 1,639 sqft. One year prior, the average listing was 1,718 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.