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 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%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 90 4.55% $9,277
    Mortgage Research Center, LLC 82 4.84% $7,520
    QUICKEN LOANS, LLC 67 4.03% $11,110
    NEW DAY FINANCIAL, LLC 37 4.87% $11,055
    FREEDOM MORTGAGE CORPORATION 36 4.13% $13,755
    BROKER SOLUTIONS, INC. 35 4.82% $9,648
    LOANDEPOT.COM, LLC 29 4.20% $15,508
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 4.62% $7,730
    PENNYMAC LOAN SERVICES, LLC 26 3.15% $9,029
    ACADEMY MORTGAGE CORPORATION 25 4.83% $10,609
    NAVY FEDERAL CREDIT UNION 24 3.77% $6,304
    SUN AMERICAN MORTGAGE COMPANY 21 5.03% $10,300
    Amerifirst Financial, Inc. 18 5.58% $9,295
    HOME POINT FINANCIAL CORPORATION 17 3.89% $6,674
    VILLAGE CAPITAL MORTGAGE 15 3.53% $8,372
    AXIA FINANCIAL, LLC 14 4.38% $9,786
    Hometown Lenders, Inc. 13 4.25% $8,719
    NOVA FINANCIAL & INVESTMENT CORPORATION 13 5.51% $4,785
    CLEARPATH LENDING 12 3.56% $16,503
    PLANET HOME LENDING, LLC 10 4.02% $10,191
    AMERISAVE MORTGAGE CORPORATION 10 4.33% $14,029
    Barrington Bank & Trust Company, N.A. 10 4.79% $7,698
    Paramount Residential Mortgage Group, Inc. 9 4.33% $7,816
    Mr. Cooper ( Nationstar Mortgage ) 9 4.07% $9,069
    The Federal Savings Bank 8 4.88% $13,765
    Wells Fargo Bank 8 4.41% $6,888
    LAKEVIEW LOAN SERVICING, LLC 7 3.13% $6,365
    Equity Prime Mortgage LLC 7 6.11% $10,579
    NFM, INC. 7 4.95% $4,626
    INSPIRE HOME LOANS INC. 7 4.73% $7,589
    ON Q FINANCIAL, INC. 6 5.90% $11,458
    CALIBER HOME LOANS, INC. 6 4.91% $11,360
    SECURITYNATIONAL MORTGAGE COMPANY 6 4.48% $13,114
    USAA Federal Savings Bank 6 4.77% $6,312
    NEWREZ LLC 6 4.08% $8,083
    GUILD MORTGAGE COMPANY 6 5.60% $14,599
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 6.15% $14,244
    LOANPAL, LLC 5 3.83% $15,156
    Low VA Rates, LLC 5 4.43% $12,588
    Flagstar Bank, FSB 5 4.33% $12,737
    CROSSCOUNTRY MORTGAGE, LLC 5 4.20% $8,090
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 4.98% $10,164
    AMERICAN FINANCIAL RESOURCES, INC. 4 4.88% $6,016
    CARDINAL FINANCIAL 4 5.15% $10,081
    Nations Lending Corporation 4 6.50% $6,091
    FBC MORTGAGE, LLC 4 4.59% $12,343
    JPMorgan Chase Bank 4 5.69% $6,971
    HOMEOWNERS FINANCIAL GROUP USA, LLC 3 5.13% $10,564
    GUARANTEED RATE, INC. 3 4.18% $6,274
    RESIDENTIAL BANCORP. 3 3.79% $5,294
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.25% $10,071
    NATIONS DIRECT MORTGAGE, LLC 3 5.00% $6,462
    Carrington Mortgage Services, LLC 3 5.08% $5,647
    PENTAGON FEDERAL CREDIT UNION 3 2.58% $7,635
    MOUNTAIN WEST FINANCIAL, INC. 3 3.88% $18,726
    GUARANTEED RATE AFFINITY, LLC 2 3.31% $2,494
    AMERICAN FINANCING CORPORATION 2 3.06% $3,052
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 3.75% $20,372
    BECKAM FUNDING CORP. 2 4.00% $7,667
    CMG MORTGAGE, INC. 2 3.25% $10,633
    FINANCE OF AMERICA MORTGAGE LLC 2 4.18% $12,251
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.13% $10,102
    HOMESIDE FINANCIAL, LLC 2 3.50% $7,089
    Lakeview Community Capital, LLC 2 3.63% $2,560
    LHM FINANCIAL CORPORATION 2 5.31% $6,006
    Magnolia Bank 2 3.88% $13,372
    MOVEMENT MORTGAGE, LLC 2 5.75% $15,872
    MUTUAL OF OMAHA MORTGAGE, INC. 2 3.31% $14,636
    North American Savings Bank, F.S.B. 2 4.13% $1,821
    RESIDENTIAL MORTGAGE, LLC 2 3.13% $10,212
    Sierra Pacific Mortgage Company, Inc. 2 4.81% $8,413
    SUN WEST MORTGAGE COMPANY, INC. 2 3.81% $12,512
    UNION HOME MORTGAGE CORP. 2 4.50% $2,214
    VAN DYK MORTGAGE CORPORATION 2 5.94% $3,347
    NETWORK CAPITAL FUNDING CORPORATION 1 3.38% $6,286
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.50% $5,742
    GSF Mortgage Corporation 1 5.63% $5,298
    Goldwater Bank, N.A. 1 4.75% $8,282
    AMERICA FIRST 1 5.13% $9,619
    Glacier Bank 1 5.25% $5,428
    Gateway First Bank 1 3.13% $45,284
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 5.75% $7,633
    FIRST NATIONS HOME FINANCE CORPORATION 1 4.13% $8,007
    First Guaranty Mortgage Corporation 1 4.25% $7,604
    First Federal Bank 1 4.38% $8,422
    Plains Commerce Bank 1 5.63% $9,231
    Community First National Bank 1 6.25% $16,960
    Commerce Home Mortgage, Inc. 1 5.25% $12,975
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.25% $1,365
    Century Mortgage Company DBA Century Lending Company 1 4.75% $0
    RELIANCE FIRST CAPITAL, LLC 1 5.63% $2,883
    Capital Bank 1 4.50% $2,175
    V.I.P. MORTGAGE, INC. 1 4.25% $18,155
    CALCON MUTUAL MORTGAGE LLC 1 5.13% $11,387
    Wallick & Volk, Inc. 1 6.50% $7,682
    SOVEREIGN LENDING GROUP INCORPORATED 1 3.25% $6,071
    Strong Home Mortgage, LLC 1 2.75% $1,735
    BNC National Bank 1 3.25% $4,199
    Sunflower Bank 1 4.25% $21,339
    AMCAP MORTGAGE, LTD. 1 3.75% $14,456
    BAY EQUITY LLC 1 5.50% $10,115
    TOP FLITE FINANCIAL, INC. 1 4.25% $13,033
    TruHome Solutions, LLC 1 3.50% $12,809
    ZILLOW HOME LOANS, LLC 1 6.63% $9,764
    Austin Capital Bank SSB 1 5.75% $2,049
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.25% $16,153
    Lend Smart Mortgage, LLC 1 4.75% $9,151
    Zions Bancorporation, N.A. 1 6.75% $2,580
    LEADERONE FINANCIAL CORPORATION 1 5.13% $20,320
    LADERA LENDING, INC. 1 2.75% $8,509
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 4.63% $20,069
    NBKC BANK 1 3.63% $8,741
    Neighborhood Loans, Inc. 1 3.38% $16,607

    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. 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 $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 for 2023-04-01 was $417,000, a difference of $-33,000 (-7.3%) versus the prior year and $12,000 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-04-01 was 72 days. This is 85% longer than the same period one year ago.

    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.

    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.