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 84 lenders originated 576 VA loans during 2023. The total origination value was $163,640,000, with an average VA loan value of $284,097.

    Lake Havasu City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lake Havasu City averaged 7.14% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Lake Havasu City's average VA mortgage closing costs are $6,108.

    The average rate for the prior week (2024-04-12) was 7.17% and one month ago for the week of 2024-03-15, the average rate was 6.83%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.79%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 72 6.77% $6,697
    UNITED WHOLESALE MORTGAGE, LLC 62 6.34% $9,718
    QUICKEN LOANS, LLC 37 6.18% $11,022
    BROKER SOLUTIONS, INC. 28 6.36% $9,828
    AMERICAN PACIFIC MORTGAGE CORPORATION 25 6.91% $10,427
    Flagstar Bank, FSB 25 6.53% $8,105
    NEW DAY FINANCIAL, LLC 17 7.40% $10,078
    FREEDOM MORTGAGE CORPORATION 16 6.34% $17,105
    NAVY FEDERAL CREDIT UNION 16 5.60% $7,245
    LOANDEPOT.COM, LLC 14 6.13% $10,691
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.68% $7,117
    PENNYMAC LOAN SERVICES, LLC 12 5.55% $5,733
    INSPIRE HOME LOANS INC. 12 5.85% $7,917
    SUN AMERICAN MORTGAGE COMPANY 9 6.65% $9,623
    AMERICAN FINANCIAL NETWORK, INC. 8 6.51% $7,997
    NOVA FINANCIAL & INVESTMENT CORPORATION 8 6.44% $5,024
    AXIA FINANCIAL, LLC 7 6.27% $7,831
    NEWREZ LLC 7 6.29% $8,116
    SUN WEST MORTGAGE COMPANY, INC. 6 7.17% $6,463
    NFM, INC. 6 6.77% $9,126
    MOUNTAIN WEST FINANCIAL, INC. 5 6.40% $13,307
    AMERISAVE MORTGAGE CORPORATION 5 5.68% $21,930
    USAA Federal Savings Bank 5 6.13% $11,299
    The Federal Savings Bank 5 5.95% $13,605
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.25% $9,955
    Equity Prime Mortgage LLC 5 6.93% $5,451
    MOVEMENT MORTGAGE, LLC 5 6.10% $11,074
    ACADEMY MORTGAGE CORPORATION 4 6.72% $9,070
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.75% $5,488
    CROSSCOUNTRY MORTGAGE, LLC 4 6.36% $12,470
    JPMorgan Chase Bank 4 6.68% $5,172
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.63% $5,529
    Mr. Cooper ( Nationstar Mortgage ) 4 5.81% $12,397
    Paramount Residential Mortgage Group, Inc. 4 6.81% $18,293
    VILLAGE CAPITAL MORTGAGE 4 6.16% $9,328
    NETWORK CAPITAL FUNDING CORPORATION 3 5.88% $8,436
    LOANPAL, LLC 3 5.63% $9,331
    Barrington Bank & Trust Company, N.A. 3 6.08% $5,769
    SUMMIT FUNDING, INC. 3 6.50% $5,321
    Wells Fargo Bank 3 6.13% $4,559
    GENEVA FINANCIAL, LLC 3 6.88% $9,322
    GUILD MORTGAGE COMPANY 2 6.50% $10,328
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 7.06% $9,920
    Glacier Bank 2 6.63% $5,834
    Performance Financial, Inc. 2 6.81% $3,760
    Plains Commerce Bank 2 7.06% $6,386
    ARIZONA 2 6.13% $5,052
    U.S. Bank 2 6.94% $5,111
    Magnolia Bank 2 6.31% $19,509
    ZILLOW HOME LOANS, LLC 1 5.63% $5,017
    NexBank 1 5.63% $5,891
    Gateway First Bank 1 6.75% $5,635
    Fifth Third Bank 1 5.88% $8,031
    OCMBC, INC. 1 5.75% $3,813
    Old National Bank 1 5.75% $4,098
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.38% $10,058
    INFINITY EQUITY GROUP, INC. 1 5.75% $6,479
    FBC MORTGAGE, LLC 1 5.38% $4,596
    PENTAGON FEDERAL CREDIT UNION 1 4.88% $13,180
    VERITAS FUNDING, LLC 1 6.75% $19,085
    LEADERONE FINANCIAL CORPORATION 1 6.12% $6,578
    PLANET HOME LENDING, LLC 1 6.99% $4,269
    PNC Bank 1 6.88% $10,831
    POINT Mortgage 1 5.75% $8,362
    CMG MORTGAGE, INC. 1 6.63% $13,246
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $6,817
    CITYWIDE HOME LOANS, LLC 1 6.88% $8,761
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.25% $6,311
    Sierra Pacific Mortgage Company, Inc. 1 5.63% $12,313
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.25% $15,450
    MORIA DEVELOPMENT, INC. 1 7.63% $7,493
    CHURCHILL MORTGAGE CORPORATION 1 6.50% $6,960
    Carrington Mortgage Services, LLC 1 5.13% $6,592
    Mid-Continent Funding, Inc. 1 5.13% $14,010
    The Loan Store, Inc. 1 7.00% $3,715
    UNION HOME MORTGAGE CORP. 1 7.00% $4,135
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $9,423
    GUARANTEED RATE, INC. 1 6.25% $6,543
    V.I.P. MORTGAGE, INC. 1 7.13% $4,211
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $24,366
    NATIONS DIRECT MORTGAGE, LLC 1 5.75% $26,138
    LADERA LENDING, INC. 1 7.25% $5,414
    MANN FINANCIAL INC. 1 6.75% $11,796
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.25% $15,213

    The top Lake Havasu City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 72 VA loans originated. Their average total fees are $6,697, which is $3,021 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lake Havasu City VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($5,733), Mortgage Research Center, LLC ($6,697), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,117), NAVY FEDERAL CREDIT UNION ($7,245) and INSPIRE HOME LOANS INC. ($7,917).

    The lowest rate Lake Havasu City VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.55%), NAVY FEDERAL CREDIT UNION (5.60%), INSPIRE HOME LOANS INC. (5.85%), LOANDEPOT.COM, LLC (6.13%) and QUICKEN LOANS, LLC (6.18%).

    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 (3.5%) $319,301 (8.4%) 0.93 1,242
    2018-02-01 $255,425 (3.6%) $326,013 (8.8%) 0.93 1,345
    2018-03-01 $259,900 (5.2%) $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 (8.1%) 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%) $340,334 (9.2%) 0.94 1,010
    2018-09-01 $283,450 (13.4%) $346,918 (11.6%) 0.95 1,064
    2018-10-01 $283,200 (11.2%) $345,157 (9.3%) 0.96 1,141
    2018-11-01 $283,950 (11.4%) $347,492 (9.1%) 0.96 1,228
    2018-12-01 $279,000 (9.5%) $343,805 (8.2%) 0.96 1,217
    2019-01-01 $280,575 (12.3%) $348,930 (9.3%) 0.97 1,218
    2019-02-01 $289,250 (13.2%) $358,558 (10.0%) 0.98 1,285
    2019-03-01 $293,571 (13.0%) $363,074 (10.8%) 0.96 1,285
    2019-04-01 $298,321 (13.0%) $369,600 (11.0%) 0.95 1,262
    2019-05-01 $299,450 (8.9%) $368,932 (9.3%) 0.94 1,248
    2019-06-01 $300,500 (5.5%) $375,998 (10.3%) 0.94 1,184
    2019-07-01 $304,750 (5.1%) $374,632 (7.5%) 0.95 1,157
    2019-08-01 $305,791 (9.2%) $377,153 (10.8%) 0.97 1,163
    2019-09-01 $313,727 (10.7%) $384,091 (10.7%) 1.00 1,148
    2019-10-01 $321,310 (13.5%) $388,716 (12.6%) 1.04 1,138
    2019-11-01 $319,900 (12.7%) $382,869 (10.2%) 1.05 1,114
    2019-12-01 $322,200 (15.5%) $387,554 (12.7%) 1.07 1,085
    2020-01-01 $324,950 (15.8%) $391,840 (12.3%) 1.09 1,091
    2020-02-01 $325,000 (12.4%) $391,727 (9.3%) 1.06 1,021
    2020-03-01 $324,950 (10.7%) $391,943 (8.0%) 1.02 996
    2020-04-01 $311,950 (4.6%) $378,462 (2.4%) 0.98 1,075
    2020-05-01 $305,000 (1.9%) $377,263 (2.3%) 0.93 1,012
    2020-06-01 $299,900 (-0.2%) $383,843 (2.1%) 0.88 810
    2020-07-01 $322,400 (5.8%) $393,680 (5.1%) 0.93 674
    2020-08-01 $325,000 (6.3%) $401,617 (6.5%) 0.93 636
    2020-09-01 $333,750 (6.4%) $418,161 (8.9%) 0.96 593
    2020-10-01 $344,900 (7.3%) $427,707 (10.0%) 0.99 597
    2020-11-01 $343,650 (7.4%) $429,091 (12.1%) 1.00 607
    2020-12-01 $342,225 (6.2%) $428,867 (10.7%) 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 $409,950 (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%) 0.96 1,018
    2023-04-01 $416,000 (-7.6%) $515,899 (-4.8%) 0.97 964
    2023-05-01 $424,925 (-4.0%) $540,535 (-0.3%) 0.96 908
    2023-06-01 $417,541 (-2.2%) $529,523 (-0.5%) 0.94 883
    2023-07-01 $420,000 (-1.2%) $529,842 (1.5%) 0.95 867
    2023-08-01 $423,110 (-0.4%) $518,203 (0.8%) 0.97 866
    2023-09-01 $419,900 (0.1%) $536,615 (7.7%) 0.98 937
    2023-10-01 $419,900 (0.0%) $544,408 (10.3%) 0.99 1,022
    2023-11-01 $417,450 (1.2%) $548,029 (12.6%) 0.99 1,100
    2023-12-01 $419,000 (3.5%) $540,845 (13.2%) 1.02 1,059
    2024-01-01 $426,533 (5.5%) $553,866 (14.1%) 1.04 1,023
    2024-02-01 $429,450 (6.1%) $560,234 (15.3%) 1.03 1,052
    2024-03-01 $425,000 (4.9%) $553,910 (12.5%) 1.00 1,107
    Lake Havasu City's median listing price for 2024-03-01 was $425,000, a difference of $20,000 (4.9%) versus the prior year and $-4,450 versus the prior month.

    Lake Havasu City's median listing price comes in at 100% of the national average.

    Lake Havasu City's average listing price for 2024-03-01 was $553,910, a difference of $61,465 (12.5%) versus the prior year and $-6,324 versus the prior month.

    For the 2024-03-01 period, Lake Havasu City had 1,107 MLS listings, a difference of 55 listings (5%) versus the prior month and 89 listings (9%) 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 78 days 1,714 sqft
    2018-02-01 75 days 1,711 sqft
    2018-03-01 66 days 1,713 sqft
    2018-04-01 70 days 1,720 sqft
    2018-05-01 62 days 1,728 sqft
    2018-06-01 67 days 1,761 sqft
    2018-07-01 81 days 1,772 sqft
    2018-08-01 62 days 1,747 sqft
    2018-09-01 56 days 1,754 sqft
    2018-10-01 57 days 1,755 sqft
    2018-11-01 58 days 1,746 sqft
    2018-12-01 65 days 1,724 sqft
    2019-01-01 74 days 1,732 sqft
    2019-02-01 72 days 1,737 sqft
    2019-03-01 64 days 1,747 sqft
    2019-04-01 63 days 1,758 sqft
    2019-05-01 61 days 1,746 sqft
    2019-06-01 66 days 1,774 sqft
    2019-07-01 72 days 1,786 sqft
    2019-08-01 72 days 1,797 sqft
    2019-09-01 71 days 1,804 sqft
    2019-10-01 71 days 1,808 sqft
    2019-11-01 70 days 1,789 sqft
    2019-12-01 79 days 1,780 sqft
    2020-01-01 79 days 1,797 sqft
    2020-02-01 79 days 1,804 sqft
    2020-03-01 65 days 1,783 sqft
    2020-04-01 61 days 1,728 sqft
    2020-05-01 68 days 1,720 sqft
    2020-06-01 77 days 1,716 sqft
    2020-07-01 63 days 1,731 sqft
    2020-08-01 60 days 1,721 sqft
    2020-09-01 58 days 1,720 sqft
    2020-10-01 49 days 1,724 sqft
    2020-11-01 49 days 1,710 sqft
    2020-12-01 51 days 1,745 sqft
    2021-01-01 55 days 1,709 sqft
    2021-02-01 45 days 1,700 sqft
    2021-03-01 37 days 1,741 sqft
    2021-04-01 31 days 1,758 sqft
    2021-05-01 35 days 1,743 sqft
    2021-06-01 34 days 1,738 sqft
    2021-07-01 35 days 1,722 sqft
    2021-08-01 34 days 1,701 sqft
    2021-09-01 35 days 1,713 sqft
    2021-10-01 41 days 1,720 sqft
    2021-11-01 44 days 1,719 sqft
    2021-12-01 53 days 1,715 sqft
    2022-01-01 63 days 1,737 sqft
    2022-02-01 50 days 1,725 sqft
    2022-03-01 39 days 1,739 sqft
    2022-04-01 36 days 1,741 sqft
    2022-05-01 31 days 1,706 sqft
    2022-06-01 35 days 1,643 sqft
    2022-07-01 45 days 1,630 sqft
    2022-08-01 50 days 1,641 sqft
    2022-09-01 60 days 1,642 sqft
    2022-10-01 71 days 1,644 sqft
    2022-11-01 74 days 1,639 sqft
    2022-12-01 84 days 1,633 sqft
    2023-01-01 89 days 1,655 sqft
    2023-02-01 86 days 1,653 sqft
    2023-03-01 69 days 1,657 sqft
    2023-04-01 66 days 1,697 sqft
    2023-05-01 66 days 1,765 sqft
    2023-06-01 58 days 1,722 sqft
    2023-07-01 58 days 1,728 sqft
    2023-08-01 60 days 1,745 sqft
    2023-09-01 56 days 1,719 sqft
    2023-10-01 54 days 1,710 sqft
    2023-11-01 57 days 1,695 sqft
    2023-12-01 71 days 1,683 sqft
    2024-01-01 71 days 1,708 sqft
    2024-02-01 58 days 1,707 sqft
    2024-03-01 57 days 1,698 sqft
    Lake Havasu City's median listing age (time on market) for 2024-03-01 was 57 days. This is -17% shorter than the same period one year ago.

    Lake Havasu City's median square footage for active listings during the 2024-03-01 period was 1,698 sqft. One year prior, the average listing was 1,657 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.