Little Rock VA Loan Rates, Closing Costs & Stats

LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR

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.

Little Rock's 107 lenders originated 1,550 VA loans during 2023. The total origination value was $416,170,000, with an average VA loan value of $268,497.

Little Rock VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Little Rock averaged 6.61% for the week of 2024-05-10, compared to the national average (all VA variants) of 6.593% for the same period.

Little Rock's average VA mortgage closing costs are $5,189.

The average rate for the prior week (2024-05-03) was 6.74% and one month ago for the week of 2024-04-05, the average rate was 6.53%.

The average rate one year ago was 6.2%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.54%.

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

Little Rock 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 Little Rock level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 292 6.76% $5,414
QUICKEN LOANS, LLC 71 6.14% $9,817
FirstTrust Home Loans, Inc. 70 6.83% $8,004
NAVY FEDERAL CREDIT UNION 56 5.84% $5,945
FLAT BRANCH MORTGAGE, INC. 56 6.84% $8,422
Eagle Bank and Trust Company 47 6.31% $5,922
Arvest Bank 41 6.60% $6,030
SENTE MORTGAGE, INC. 40 6.89% $9,007
Bank of England 36 6.52% $7,536
NEW DAY FINANCIAL, LLC 36 7.79% $9,408
CORNERSTONE HOME LENDING, INC. 34 6.41% $6,124
UNITED WHOLESALE MORTGAGE, LLC 33 6.71% $7,395
USAA Federal Savings Bank 33 6.42% $7,633
EUSTIS AND AMERICAN MORTGAGE COMPANY 32 6.92% $5,527
PENNYMAC LOAN SERVICES, LLC 32 5.48% $6,948
BANK OF LITTLE ROCK MORTGAGE CORPORATION 32 6.39% $5,323
FREEDOM MORTGAGE CORPORATION 31 6.54% $15,989
GUARANTEED RATE, INC. 28 6.68% $5,092
First Horizon Bank 25 6.27% $7,703
The Federal Savings Bank 25 6.40% $17,259
COMMUNITY MORTGAGE CORPORATION 24 6.60% $8,141
ARKANSAS Federal Credit Union 24 6.60% $6,522
Chambers Bank 24 6.14% $8,748
MORTGAGE SOLUTIONS OF COLORADO, LLC 21 7.51% $3,462
CROSSCOUNTRY MORTGAGE, LLC 19 6.83% $10,067
Sierra Pacific Mortgage Company, Inc. 18 6.68% $8,569
Mr. Cooper ( Nationstar Mortgage ) 16 6.19% $10,500
Centennial Bank 15 6.29% $6,857
NEWREZ LLC 15 6.63% $6,190
MORTGAGE FINANCIAL SERVICES, LLC 14 6.56% $5,733
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 13 6.67% $9,654
LOANDEPOT.COM, LLC 13 6.06% $10,651
VILLAGE CAPITAL MORTGAGE 11 6.07% $9,086
Simmons Bank 8 6.34% $8,301
ENCORE BANK 8 6.13% $9,334
Citizens Bank 8 6.38% $7,416
First Community Bank 8 6.26% $7,255
First Security Bank 8 6.16% $5,626
BROKER SOLUTIONS, INC. 8 6.81% $5,611
Regions Bank 7 5.98% $7,201
Armed Forces Bank 7 5.93% $8,815
PENTAGON FEDERAL CREDIT UNION 7 5.73% $9,177
DAS Acquisition Company, LLC 6 7.15% $3,027
LAKEVIEW LOAN SERVICING, LLC 6 6.25% $9,574
AMERISAVE MORTGAGE CORPORATION 5 5.98% $11,233
Barrington Bank & Trust Company, N.A. 5 6.00% $12,817
MOVEMENT MORTGAGE, LLC 5 7.15% $3,911
NBKC BANK 5 6.45% $7,915
Gateway First Bank 5 6.53% $8,408
NFM, INC. 4 6.19% $8,930
LOANPAL, LLC 4 5.87% $7,365
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.97% $7,148
AMCAP MORTGAGE, LTD. 4 6.81% $6,247
SECURITYNATIONAL MORTGAGE COMPANY 4 6.44% $6,169
PILGRIM MORTGAGE LLC 3 7.08% $7,366
CARDINAL FINANCIAL 3 7.08% $7,321
Paramount Residential Mortgage Group, Inc. 3 5.88% $9,755
Wells Fargo Bank 3 6.33% $3,364
U.S. Bank 3 6.67% $4,616
Mid-Continent Funding, Inc. 3 6.25% $8,763
RELIANCE FIRST CAPITAL, LLC 3 6.42% $17,169
EVERETT FINANCIAL, INC. 3 7.17% $9,548
GERSHMAN INVESTMENT CORP. 3 5.79% $7,908
GMFS LLC 2 6.69% $14,724
FirstBank 2 6.56% $5,243
MORTGAGEONE, INC. 2 7.31% $5,618
GoPrime Mortgage, Inc. 2 6.25% $3,188
POLARIS HOME FUNDING CORP. 2 6.56% $10,273
Servion, Inc. 2 6.56% $9,506
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.63% $11,798
CHURCHILL MORTGAGE CORPORATION 2 6.69% $5,711
Magnolia Bank 2 6.06% $17,598
SOUTHWEST STAGE FUNDING, LLC 2 7.13% $0
Plains Commerce Bank 2 5.25% $17,744
HOMESIDE FINANCIAL, LLC 1 5.75% $3,567
AMERICAN FINANCIAL RESOURCES, INC. 1 7.13% $6,461
Bank of America 1 6.25% $1,803
CALCON MUTUAL MORTGAGE LLC 1 7.25% $5,036
CALIBER HOME LOANS, INC. 1 6.75% $14,208
Capital Bank 1 5.63% $2,284
Colonial Savings, F.A. 1 6.88% $4,963
ENDEAVOR CAPITAL, LLC. 1 6.38% $4,775
Equity Prime Mortgage LLC 1 6.25% $3,749
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $14,256
Firstar Bank 1 6.13% $6,689
First Federal Bank 1 6.13% $11,192
Flagstar Bank, FSB 1 4.88% $9,318
GENEVA FINANCIAL, LLC 1 6.63% $792
GUILD MORTGAGE COMPANY 1 7.13% $7,735
Hancock Whitney Bank 1 7.13% $2,458
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $13,629
Alerus Financial 1 6.25% $9,062
Ixonia Bank 1 7.63% $3,654
JPMorgan Chase Bank 1 7.75% $2,761
Lakeview Community Capital, LLC 1 6.25% $7,827
MID AMERICA MORTGAGE, INC. 1 6.63% $4,741
MORTGAGE INVESTORS GROUP, INC. 1 5.50% $4,807
NBH Bank 1 6.25% $10,245
Old National Bank 1 5.99% $7,292
PLANET HOME LENDING, LLC 1 7.13% $14,603
PNC Bank 1 7.00% $1,764
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $1,197
Renasant Bank 1 6.13% $16,110
SIRVA MORTGAGE, INC. 1 7.00% $7,837
STOCKTON MORTGAGE CORPORATION 1 6.00% $13,114
SWBC MORTGAGE CORPORATION 1 6.75% $7,391
TOP FLITE FINANCIAL, INC. 1 6.75% $10,536

The top Little Rock VA lender as defined by loan originations is Mortgage Research Center, LLC, with 292 VA loans originated. Their average total fees are $5,414, which is $4,403 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Little Rock VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,462), GUARANTEED RATE, INC. ($5,092), BANK OF LITTLE ROCK MORTGAGE CORPORATION ($5,323), Mortgage Research Center, LLC ($5,414) and EUSTIS AND AMERICAN MORTGAGE COMPANY ($5,527).

The lowest rate Little Rock VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.48%), NAVY FEDERAL CREDIT UNION (5.84%), LOANDEPOT.COM, LLC (6.06%), VILLAGE CAPITAL MORTGAGE (6.07%) and QUICKEN LOANS, LLC (6.14%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Little Rock (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 $175,450 (9.7%) $244,331 (12.8%) 0.65 3,008
2018-02-01 $179,900 (11.5%) $245,904 (12.3%) 0.65 2,995
2018-03-01 $181,700 (7.7%) $244,910 (9.0%) 0.64 3,030
2018-04-01 $186,000 (10.1%) $250,433 (10.7%) 0.63 3,070
2018-05-01 $189,500 (11.5%) $257,179 (11.5%) 0.63 3,230
2018-06-01 $189,900 (10.1%) $258,144 (9.6%) 0.63 3,318
2018-07-01 $189,700 (8.5%) $254,737 (7.6%) 0.63 3,422
2018-08-01 $189,900 (9.0%) $251,646 (6.7%) 0.64 3,469
2018-09-01 $189,000 (8.1%) $251,925 (6.9%) 0.64 3,530
2018-10-01 $189,900 (9.1%) $251,662 (7.2%) 0.64 3,641
2018-11-01 $189,575 (8.6%) $251,143 (6.4%) 0.64 3,466
2018-12-01 $188,650 (7.9%) $250,221 (4.1%) 0.65 3,351
2019-01-01 $185,000 (5.4%) $248,271 (1.6%) 0.64 3,212
2019-02-01 $187,875 (4.4%) $251,484 (2.3%) 0.63 3,133
2019-03-01 $194,177 (6.9%) $258,861 (5.7%) 0.64 3,088
2019-04-01 $199,925 (7.5%) $267,156 (6.7%) 0.63 3,058
2019-05-01 $202,250 (6.7%) $272,654 (6.0%) 0.63 3,051
2019-06-01 $205,000 (8.0%) $275,687 (6.8%) 0.64 3,046
2019-07-01 $206,200 (8.7%) $276,181 (8.4%) 0.65 2,991
2019-08-01 $207,882 (9.5%) $278,146 (10.5%) 0.66 2,949
2019-09-01 $208,455 (10.3%) $277,680 (10.2%) 0.67 2,889
2019-10-01 $209,400 (10.3%) $277,511 (10.3%) 0.68 2,838
2019-11-01 $205,000 (8.1%) $274,075 (9.1%) 0.67 2,761
2019-12-01 $203,900 (8.1%) $276,556 (10.5%) 0.68 2,603
2020-01-01 $200,625 (8.5%) $276,571 (11.4%) 0.67 2,409
2020-02-01 $210,000 (11.8%) $281,206 (11.8%) 0.69 2,316
2020-03-01 $219,500 (13.0%) $285,048 (10.1%) 0.69 2,310
2020-04-01 $219,250 (9.7%) $283,617 (6.2%) 0.69 2,278
2020-05-01 $232,950 (15.2%) $295,020 (8.2%) 0.71 2,019
2020-06-01 $239,450 (16.8%) $304,708 (10.5%) 0.71 1,856
2020-07-01 $244,000 (18.3%) $311,645 (12.8%) 0.71 1,757
2020-08-01 $245,000 (17.9%) $319,699 (14.9%) 0.70 1,614
2020-09-01 $240,575 (15.4%) $320,572 (15.5%) 0.69 1,483
2020-10-01 $244,500 (16.8%) $329,144 (18.6%) 0.70 1,425
2020-11-01 $240,825 (17.5%) $329,422 (20.2%) 0.70 1,338
2020-12-01 $239,450 (17.4%) $330,942 (19.7%) 0.71 1,209
2021-01-01 $230,000 (14.6%) $331,887 (20.0%) 0.69 993
2021-02-01 $244,950 (16.6%) $335,296 (19.2%) 0.71 848
2021-03-01 $250,000 (13.9%) $341,334 (19.8%) 0.71 793
2021-04-01 $248,950 (13.6%) $342,671 (20.8%) 0.67 763
2021-05-01 $239,000 (2.6%) $334,528 (13.4%) 0.63 745
2021-06-01 $235,000 (-1.9%) $330,199 (8.4%) 0.62 819
2021-07-01 $245,000 (0.4%) $332,199 (6.6%) 0.65 989
2021-08-01 $249,450 (1.8%) $332,586 (4.0%) 0.67 1,081
2021-09-01 $249,450 (3.7%) $330,521 (3.1%) 0.67 1,089
2021-10-01 $249,000 (1.8%) $328,028 (-0.3%) 0.66 1,000
2021-11-01 $233,450 (-3.1%) $314,851 (-4.4%) 0.62 972
2021-12-01 $236,950 (-1.0%) $319,135 (-3.6%) 0.64 868
2022-01-01 $238,900 (3.9%) $317,773 (-4.3%) 0.65 772
2022-02-01 $242,425 (-1.0%) $334,573 (-0.2%) 0.63 667
2022-03-01 $251,950 (0.8%) $364,229 (6.7%) 0.63 691
2022-04-01 $285,000 (14.5%) $371,468 (8.4%) 0.68 712
2022-05-01 $289,900 (21.3%) $370,416 (10.7%) 0.66 833
2022-06-01 $289,799 (23.3%) $369,099 (11.8%) 0.65 940
2022-07-01 $280,000 (14.3%) $358,317 (7.9%) 0.63 1,154
2022-08-01 $279,000 (11.9%) $349,323 (5.0%) 0.65 1,262
2022-09-01 $284,900 (14.2%) $348,585 (5.5%) 0.67 1,250
2022-10-01 $296,750 (19.2%) $355,194 (8.3%) 0.70 1,309
2022-11-01 $289,950 (24.2%) $343,642 (9.1%) 0.70 1,453
2022-12-01 $299,900 (26.6%) $347,772 (9.0%) 0.74 1,344
2023-01-01 $300,000 (25.6%) $348,249 (9.6%) 0.74 1,230
2023-02-01 $303,745 (25.3%) $350,781 (4.8%) 0.73 1,134
2023-03-01 $303,500 (20.5%) $352,093 (-3.3%) 0.72 1,123
2023-04-01 $315,000 (10.5%) $358,708 (-3.4%) 0.73 1,119
2023-05-01 $313,450 (8.1%) $366,326 (-1.1%) 0.71 1,172
2023-06-01 $321,500 (10.9%) $377,181 (2.2%) 0.72 1,236
2023-07-01 $325,000 (16.1%) $386,719 (7.9%) 0.74 1,287
2023-08-01 $320,450 (14.9%) $381,768 (9.3%) 0.74 1,320
2023-09-01 $319,900 (12.3%) $367,463 (5.4%) 0.74 1,490
2023-10-01 $295,000 (-0.6%) $352,688 (-0.7%) 0.69 1,682
2023-11-01 $299,450 (3.3%) $360,011 (4.8%) 0.71 1,748
2023-12-01 $299,900 (0.0%) $356,070 (2.4%) 0.73 1,756
2024-01-01 $296,500 (-1.2%) $350,901 (0.8%) 0.72 1,669
2024-02-01 $299,450 (-1.4%) $353,066 (0.7%) 0.72 1,641
2024-03-01 $309,900 (2.1%) $361,595 (2.7%) 0.73 1,633
2024-04-01 $315,000 (0.0%) $372,747 (3.9%) 0.73 1,653
Little Rock's median listing price for 2024-04-01 was $315,000, a difference of $0 (0.0%) versus the prior year and $5,100 versus the prior month.

Little Rock's median listing price comes in at 73% of the national average.

Little Rock's average listing price for 2024-04-01 was $372,747, a difference of $14,039 (3.9%) versus the prior year and $11,152 versus the prior month.

For the 2024-04-01 period, Little Rock had 1,653 MLS listings, a difference of 20 listings (1%) versus the prior month and 534 listings (48%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 77 days 1,909 sqft
2018-02-01 66 days 1,910 sqft
2018-03-01 55 days 1,928 sqft
2018-04-01 55 days 1,940 sqft
2018-05-01 52 days 1,952 sqft
2018-06-01 53 days 1,962 sqft
2018-07-01 55 days 1,957 sqft
2018-08-01 57 days 1,955 sqft
2018-09-01 60 days 1,937 sqft
2018-10-01 64 days 1,942 sqft
2018-11-01 66 days 1,925 sqft
2018-12-01 74 days 1,902 sqft
2019-01-01 72 days 1,900 sqft
2019-02-01 63 days 1,901 sqft
2019-03-01 55 days 1,945 sqft
2019-04-01 55 days 1,998 sqft
2019-05-01 53 days 2,012 sqft
2019-06-01 58 days 2,022 sqft
2019-07-01 59 days 2,035 sqft
2019-08-01 60 days 2,047 sqft
2019-09-01 63 days 2,037 sqft
2019-10-01 63 days 2,035 sqft
2019-11-01 65 days 2,026 sqft
2019-12-01 71 days 2,025 sqft
2020-01-01 68 days 2,000 sqft
2020-02-01 55 days 2,050 sqft
2020-03-01 52 days 2,094 sqft
2020-04-01 56 days 2,074 sqft
2020-05-01 62 days 2,146 sqft
2020-06-01 52 days 2,149 sqft
2020-07-01 46 days 2,148 sqft
2020-08-01 43 days 2,150 sqft
2020-09-01 44 days 2,142 sqft
2020-10-01 44 days 2,129 sqft
2020-11-01 46 days 2,123 sqft
2020-12-01 52 days 2,081 sqft
2021-01-01 56 days 2,048 sqft
2021-02-01 45 days 2,063 sqft
2021-03-01 40 days 2,040 sqft
2021-04-01 31 days 1,979 sqft
2021-05-01 25 days 1,936 sqft
2021-06-01 24 days 1,899 sqft
2021-07-01 24 days 1,978 sqft
2021-08-01 32 days 1,976 sqft
2021-09-01 38 days 1,978 sqft
2021-10-01 40 days 1,949 sqft
2021-11-01 37 days 1,910 sqft
2021-12-01 45 days 1,939 sqft
2022-01-01 47 days 1,969 sqft
2022-02-01 36 days 1,928 sqft
2022-03-01 30 days 1,925 sqft
2022-04-01 25 days 2,027 sqft
2022-05-01 26 days 2,034 sqft
2022-06-01 29 days 2,065 sqft
2022-07-01 29 days 1,996 sqft
2022-08-01 34 days 2,020 sqft
2022-09-01 39 days 2,048 sqft
2022-10-01 38 days 2,084 sqft
2022-11-01 40 days 2,043 sqft
2022-12-01 51 days 2,058 sqft
2023-01-01 52 days 2,024 sqft
2023-02-01 48 days 2,009 sqft
2023-03-01 46 days 1,996 sqft
2023-04-01 40 days 2,025 sqft
2023-05-01 38 days 2,088 sqft
2023-06-01 39 days 2,117 sqft
2023-07-01 39 days 2,146 sqft
2023-08-01 40 days 2,121 sqft
2023-09-01 38 days 2,104 sqft
2023-10-01 43 days 1,976 sqft
2023-11-01 46 days 2,000 sqft
2023-12-01 56 days 1,991 sqft
2024-01-01 54 days 1,957 sqft
2024-02-01 52 days 1,952 sqft
2024-03-01 45 days 1,991 sqft
2024-04-01 45 days 2,035 sqft
Little Rock's median listing age (time on market) for 2024-04-01 was 45 days. This is 13% longer than the same period one year ago.

Little Rock's median square footage for active listings during the 2024-04-01 period was 2,035 sqft. One year prior, the average listing was 2,025 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.