Little Rock VA Loans

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 154 lenders originated 4,123 VA loans during 2021. The total origination value was $924,195,000, with an average VA loan value of $224,156.

Little Rock VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Little Rock averaged 6.33% for the week of 2022-09-23, compared to the national average (all VA variants) of 5.992% for the same period.

The average rate for the prior week (2022-09-16) was 6.28% and one month ago for the week of 2022-08-19, the average rate was 5.54%.

The average rate one year ago was 3.24%.

For refis of the same type during the week of 2022-09-23, the average rate was 5.86%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Little Rock level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 432 2.93% $4,500
QUICKEN LOANS, LLC 314 2.48% $4,190
FREEDOM MORTGAGE CORPORATION 276 2.47% $2,261
Eagle Bank and Trust Company 151 2.69% $4,901
PENNYMAC LOAN SERVICES, LLC 145 2.50% $4,608
USAA Federal Savings Bank 140 2.89% $4,072
NEW DAY FINANCIAL, LLC 94 2.74% $5,485
SENTE MORTGAGE, INC. 80 2.91% $7,461
Bank of England 78 2.78% $5,800
FirstTrust Home Loans, Inc. 76 3.04% $7,002
Arvest Bank 72 2.77% $5,552
NAVY FEDERAL CREDIT UNION 63 2.50% $3,774
FLAT BRANCH MORTGAGE, INC. 61 3.16% $6,477
MORTGAGE FINANCIAL SERVICES, LLC 59 3.20% $6,377
VILLAGE CAPITAL MORTGAGE 58 2.45% $2,544
CALIBER HOME LOANS, INC. 56 2.44% $3,004
Wells Fargo Bank 56 2.51% $3,347
LOANDEPOT.COM, LLC 55 2.58% $4,007
COMMUNITY MORTGAGE CORPORATION 48 2.68% $6,657
UNITED WHOLESALE MORTGAGE, LLC 48 2.49% $3,987
Centennial Bank 47 2.61% $5,664
First Horizon Bank 45 2.72% $4,967
ARKANSAS Federal Credit Union 44 2.80% $5,093
Simmons Bank 44 2.77% $5,717
LAKEVIEW LOAN SERVICING, LLC 41 2.63% $2,366
GUARANTEED RATE, INC. 41 2.73% $4,988
The Federal Savings Bank 40 2.60% $5,428
CLEARPATH LENDING 39 2.32% $4,195
Low VA Rates, LLC 37 2.37% $3,735
Mr. Cooper ( Nationstar Mortgage ) 34 2.94% $3,114
ENCORE BANK 33 2.45% $6,106
Chambers Bank 27 2.58% $6,580
Barrington Bank & Trust Company, N.A. 26 2.94% $5,295
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 25 3.15% $6,298
BROKER SOLUTIONS, INC. 25 2.91% $4,561
First Guaranty Mortgage Corporation 22 2.53% $4,816
AMERISAVE MORTGAGE CORPORATION 21 2.52% $5,956
PENTAGON FEDERAL CREDIT UNION 21 2.31% $2,676
Gateway First Bank 21 2.73% $5,964
Regions Bank 19 2.90% $6,266
AMERICAN FINANCIAL NETWORK, INC. 18 2.44% $7,633
Citizens Bank 18 2.58% $6,887
CORNERSTONE HOME LENDING, INC. 17 3.15% $6,650
PRIMARY RESIDENTIAL MORTGAGE, INC. 17 3.81% $5,304
MID AMERICA MORTGAGE, INC. 16 3.17% $3,839
ACCELERATE MORTGAGE, LLC 15 2.25% $4,567
Carrington Mortgage Services, LLC 15 3.23% $2,528
PLANET HOME LENDING, LLC 15 2.55% $2,441
HOME POINT FINANCIAL CORPORATION 14 2.39% $4,008
PILGRIM MORTGAGE LLC 14 3.27% $6,224
First Security Bank 13 2.58% $4,656
First Community Bank 13 2.69% $8,173
ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 2.99% $9,962
NEWREZ LLC 11 2.62% $2,899
U.S. Bank 10 2.86% $4,880
Reliant Bank 10 2.64% $7,017
First Option Mortgage, LLC 10 2.84% $6,462
Sierra Pacific Mortgage Company, Inc. 9 2.88% $6,396
Magnolia Bank 9 2.61% $8,701
CROSSCOUNTRY MORTGAGE, LLC 9 2.78% $5,615
SOVEREIGN LENDING GROUP INCORPORATED 8 2.44% $4,449
First Financial Bank 8 2.55% $4,346
GUILD MORTGAGE COMPANY 8 2.78% $7,617
First Federal Bank 7 3.30% $5,438
AMCAP MORTGAGE, LTD. 7 3.23% $10,424
NBKC BANK 7 2.77% $2,282
The Home Loan Expert LLC 6 2.60% $6,855
North American Savings Bank, F.S.B. 6 2.77% $3,546
BancorpSouth Bank 6 2.63% $4,874
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 2.70% $7,575
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.85% $7,206
RELIANCE FIRST CAPITAL, LLC 5 2.75% $5,224
BNC National Bank 5 2.43% $3,746
KS StateBank 5 2.38% $1,067
GERSHMAN INVESTMENT CORP. 4 2.94% $5,770
FIRST COMMUNITY MORTGAGE, INC. 4 2.41% $2,197
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.09% $4,356
MUTUAL OF OMAHA MORTGAGE, INC. 4 2.75% $3,029
Community First National Bank 4 2.75% $7,162
DAS Acquisition Company, LLC 4 3.47% $6,750
MORTGAGE INVESTORS GROUP, INC. 4 3.00% $6,938
AMERICAN FINANCIAL RESOURCES, INC. 4 3.53% $2,029
SUN WEST MORTGAGE COMPANY, INC. 3 2.25% $1,419
Bank of America 3 3.25% $9,930
CHURCHILL MORTGAGE CORPORATION 3 2.83% $4,136
First Federal Bank of Kansas City 3 2.25% $4,391
KELLER MORTGAGE, LLC 3 2.63% $4,369
LOANPAL, LLC 3 2.83% $6,755
Manufacturers and Traders Trust Company 3 3.17% $3,185
MOVEMENT MORTGAGE, LLC 3 2.88% $7,867
Paramount Bank 3 2.92% $11,050
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 2.79% $10,988
SOUTHWEST STAGE FUNDING, LLC 3 3.54% $1,780
SWBC MORTGAGE CORPORATION 3 3.21% $4,893
The Central Trust Bank 3 2.37% $1,820
UNION HOME MORTGAGE CORP. 3 2.42% $8,636
CityWorth Mortgage LLC 2 2.25% $2,206
Armed Forces Bank 2 2.38% $1,457
TJC Mortgage, Inc. 2 2.31% $2,506
Goldwater Bank, N.A. 2 2.50% $7,522
GMFS LLC 2 2.56% $4,394
ZILLOW HOME LOANS, LLC 2 3.44% $2,336
United Fidelity Funding Corp. 2 3.00% $4,984
Hamilton Mortgage Corporation 2 3.06% $6,424
First Home Bank 2 3.00% $9,313
RUOFF MORTGAGE COMPANY, INC. 2 3.31% $10,827
American Mortgage Bank, LLC 2 2.81% $7,106
FBC MORTGAGE, LLC 2 2.94% $614
COUNTRYPLACE MORTGAGE, LTD. 2 4.19% $6,533
EMBRACE HOME LOANS, INC. 2 3.63% $2,877
Texana Bank 2 2.56% $4,395
Wyndham Capital Mortgage, Inc. 2 2.38% $3,793
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.50% $18,161
ROYAL UNITED MORTGAGE LLC 1 2.63% $8,653
S1L, Inc. 1 3.50% $6,004
SECURITYNATIONAL MORTGAGE COMPANY 1 3.13% $3,144
Servion, Inc. 1 2.88% $1,859
CERTAINTY HOME LOANS, LLC 1 3.13% $2,260
SOUTHWEST FUNDING, LP 1 3.75% $9,751
AMERICAN FINANCING CORPORATION 1 2.63% $1,469
CELEBRITY HOME LOANS, LLC 1 3.13% $13,799
Stifel Bank and Trust 1 2.38% $1,634
Strong Home Mortgage, LLC 1 2.50% $3,322
Sunflower Bank 1 3.49% $12,926
ACADEMY MORTGAGE CORPORATION 1 3.25% $3,655
American Bank of Oklahoma 1 2.75% $2,889
Atlantic Union Bank 1 2.88% $5,004
TOP FLITE FINANCIAL, INC. 1 4.25% $5,571
Total Media Management, LLC 1 3.13% $7,192
UNITED MORTGAGE CORP. 1 3.63% $2,630
UNITED SECURITY FINANCIAL CORP 1 2.88% $4,764
MORTGAGE ACCESS CORP. 1 2.75% $6,777
Mid-Continent Funding, Inc. 1 2.25% $2,335
JPMorgan Chase Bank 1 2.88% $5,315
JAMES B. NUTTER & COMPANY 1 2.75% $3,694
Amerifirst Financial, Inc. 1 2.25% $7,399
INTERCAP LENDING INC. 1 2.25% $2,726
Nations Lending Corporation 1 2.25% $4,099
IMPAC MORTGAGE CORP. 1 2.25% $2,160
Home Federal Bank 1 3.13% $7,002
Flanagan State Bank 1 3.13% $7
Northpointe Bank 1 2.63% $7,618
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.88% $3,283
Paramount Residential Mortgage Group, Inc. 1 2.63% $2,254
First United Bank and Trust Company 1 2.75% $3,391
First State Bank 1 2.50% $3,382
PHH Mortgage Corporation 1 3.75% $3,709
PLAZA HOME MORTGAGE, INC. 1 3.00% $3,818
POLARIS HOME FUNDING CORP. 1 2.75% $4,482
PREMIA MORTGAGE, LLC 1 2.25% $2,032
Farmers Bank & Trust Company 1 2.25% $6,719
EVERETT FINANCIAL, INC. 1 3.38% $1,623
East Coast Capital Corp. 1 2.88% $6,021
DELMAR FINANCIAL COMPANY 1 2.75% $2,318

The top Little Rock VA lender as defined by loan originations is Mortgage Research Center, LLC, with 432 VA loans originated. Their average total fees are $4,500, which is $310 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Little Rock VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,261), LAKEVIEW LOAN SERVICING, LLC ($2,366), PLANET HOME LENDING, LLC ($2,441), Carrington Mortgage Services, LLC ($2,528) and VILLAGE CAPITAL MORTGAGE ($2,544).

The lowest rate Little Rock VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.25%), PENTAGON FEDERAL CREDIT UNION (2.31%), CLEARPATH LENDING (2.32%), Low VA Rates, LLC (2.37%) and HOME POINT FINANCIAL CORPORATION (2.39%).


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 $173,250 (9.9%) $242,988 (13.0%) 0.64 2,916
2018-02-01 $174,950 (9.7%) $244,044 (12.4%) 0.63 2,892
2018-03-01 $179,900 (9.1%) $243,616 (9.7%) 0.62 2,914
2018-04-01 $181,450 (10.0%) $248,411 (10.2%) 0.61 2,963
2018-05-01 $185,000 (11.6%) $255,155 (12.0%) 0.62 3,117
2018-06-01 $185,000 (9.3%) $256,122 (10.2%) 0.62 3,196
2018-07-01 $185,500 (9.2%) $252,159 (7.6%) 0.62 3,297
2018-08-01 $185,000 (8.9%) $249,151 (6.5%) 0.62 3,339
2018-09-01 $185,000 (8.8%) $250,211 (7.1%) 0.62 3,396
2018-10-01 $189,000 (11.2%) $249,979 (7.6%) 0.63 3,497
2018-11-01 $185,500 (9.1%) $249,375 (6.4%) 0.62 3,330
2018-12-01 $185,000 (8.8%) $248,524 (4.3%) 0.63 3,213
2019-01-01 $182,750 (5.5%) $247,374 (1.8%) 0.63 3,076
2019-02-01 $185,400 (6.0%) $250,212 (2.5%) 0.62 3,011
2019-03-01 $192,214 (6.9%) $256,891 (5.5%) 0.63 2,955
2019-04-01 $198,750 (9.5%) $264,046 (6.3%) 0.63 2,917
2019-05-01 $199,900 (8.1%) $270,808 (6.1%) 0.62 2,912
2019-06-01 $199,900 (8.1%) $272,992 (6.6%) 0.62 2,904
2019-07-01 $199,900 (7.8%) $274,045 (8.7%) 0.62 2,852
2019-08-01 $199,900 (8.1%) $276,101 (10.8%) 0.63 2,806
2019-09-01 $199,900 (8.1%) $275,548 (10.1%) 0.63 2,749
2019-10-01 $199,900 (5.8%) $276,349 (10.6%) 0.64 2,706
2019-11-01 $199,900 (7.8%) $272,560 (9.3%) 0.65 2,642
2019-12-01 $199,900 (8.1%) $275,391 (10.8%) 0.67 2,488
2020-01-01 $199,400 (9.1%) $277,123 (12.0%) 0.66 2,322
2020-02-01 $205,000 (10.6%) $279,424 (11.7%) 0.66 2,228
2020-03-01 $213,450 (11.1%) $282,463 (10.0%) 0.67 2,179
2020-04-01 $212,600 (7.0%) $280,170 (6.1%) 0.66 2,156
2020-05-01 $229,000 (14.6%) $292,566 (8.0%) 0.69 1,900
2020-06-01 $235,000 (17.6%) $301,109 (10.3%) 0.69 1,747
2020-07-01 $232,493 (16.3%) $307,236 (12.1%) 0.67 1,650
2020-08-01 $235,000 (17.6%) $315,027 (14.1%) 0.67 1,525
2020-09-01 $235,000 (17.6%) $317,304 (15.2%) 0.67 1,424
2020-10-01 $235,000 (17.6%) $325,847 (17.9%) 0.67 1,363
2020-11-01 $235,000 (17.6%) $326,271 (19.7%) 0.67 1,281
2020-12-01 $233,950 (17.0%) $328,633 (19.3%) 0.69 1,170
2021-01-01 $227,900 (14.3%) $332,075 (19.8%) 0.67 960
2021-02-01 $242,450 (18.3%) $335,415 (20.0%) 0.70 823
2021-03-01 $249,450 (16.9%) $343,411 (21.6%) 0.70 744
2021-04-01 $244,000 (14.8%) $347,767 (24.1%) 0.66 729
2021-05-01 $234,500 (2.4%) $336,656 (15.1%) 0.62 708
2021-06-01 $230,000 (-2.1%) $330,835 (9.9%) 0.60 779
2021-07-01 $242,500 (4.3%) $332,794 (8.3%) 0.63 926
2021-08-01 $244,450 (4.0%) $330,906 (5.0%) 0.64 1,056
2021-09-01 $244,450 (4.0%) $327,806 (3.3%) 0.64 1,062
2021-10-01 $240,000 (2.1%) $324,431 (-0.4%) 0.63 971
2021-11-01 $227,500 (-3.2%) $313,755 (-3.8%) 0.60 950
2021-12-01 $235,000 (0.5%) $317,086 (-3.5%) 0.63 862
2022-01-01 $235,000 (3.1%) $312,405 (-5.9%) 0.63 753
2022-02-01 $236,950 (-2.3%) $330,705 (-1.4%) 0.60 661
2022-03-01 $249,950 (0.2%) $361,387 (5.2%) 0.62 666
2022-04-01 $279,900 (14.7%) $366,289 (5.3%) 0.66 674
2022-05-01 $289,250 (23.4%) $365,538 (8.6%) 0.65 810
2022-06-01 $287,450 (25.0%) $366,458 (10.8%) 0.64 904
2022-07-01 $273,900 (13.0%) $355,526 (6.8%) 0.61 1,111
2022-08-01 $272,500 (11.5%) $344,703 (4.2%) 0.63 1,237
Little Rock's median listing price for 2022-08-01 was $272,500, a difference of $28,050 (11.5%) versus the prior year and $-1,400 versus the prior month.

Little Rock's median listing price comes in at 63% of the national average.

Little Rock's average listing price for 2022-08-01 was $344,703, a difference of $13,797 (4.2%) versus the prior year and $-10,823 versus the prior month.

For the 2022-08-01 period, Little Rock had 1,237 MLS listings, a difference of 126 listings (11%) versus the prior month and 181 listings (17%) 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 81 days 1,888 sqft
2018-02-01 70 days 1,883 sqft
2018-03-01 59 days 1,902 sqft
2018-04-01 59 days 1,917 sqft
2018-05-01 56 days 1,937 sqft
2018-06-01 57 days 1,940 sqft
2018-07-01 59 days 1,936 sqft
2018-08-01 60 days 1,934 sqft
2018-09-01 64 days 1,914 sqft
2018-10-01 67 days 1,919 sqft
2018-11-01 70 days 1,906 sqft
2018-12-01 77 days 1,880 sqft
2019-01-01 76 days 1,879 sqft
2019-02-01 67 days 1,884 sqft
2019-03-01 61 days 1,926 sqft
2019-04-01 57 days 1,973 sqft
2019-05-01 55 days 1,991 sqft
2019-06-01 59 days 2,000 sqft
2019-07-01 60 days 2,006 sqft
2019-08-01 63 days 2,017 sqft
2019-09-01 63 days 2,011 sqft
2019-10-01 63 days 2,013 sqft
2019-11-01 65 days 1,998 sqft
2019-12-01 70 days 1,998 sqft
2020-01-01 70 days 1,988 sqft
2020-02-01 55 days 2,032 sqft
2020-03-01 52 days 2,067 sqft
2020-04-01 57 days 2,046 sqft
2020-05-01 62 days 2,108 sqft
2020-06-01 54 days 2,103 sqft
2020-07-01 49 days 2,106 sqft
2020-08-01 43 days 2,128 sqft
2020-09-01 45 days 2,119 sqft
2020-10-01 45 days 2,100 sqft
2020-11-01 49 days 2,096 sqft
2020-12-01 54 days 2,048 sqft
2021-01-01 60 days 2,057 sqft
2021-02-01 48 days 2,050 sqft
2021-03-01 46 days 2,000 sqft
2021-04-01 36 days 1,940 sqft
2021-05-01 28 days 1,890 sqft
2021-06-01 28 days 1,866 sqft
2021-07-01 25 days 1,959 sqft
2021-08-01 35 days 1,968 sqft
2021-09-01 40 days 1,956 sqft
2021-10-01 44 days 1,943 sqft
2021-11-01 42 days 1,894 sqft
2021-12-01 47 days 1,922 sqft
2022-01-01 53 days 1,930 sqft
2022-02-01 45 days 1,891 sqft
2022-03-01 38 days 1,888 sqft
2022-04-01 29 days 2,000 sqft
2022-05-01 30 days 2,022 sqft
2022-06-01 32 days 2,054 sqft
2022-07-01 30 days 1,975 sqft
2022-08-01 36 days 1,998 sqft
Little Rock's median listing age (time on market) for 2022-08-01 was 36 days. This is 3% longer than the same period one year ago.

Little Rock's median square footage for active listings during the 2022-08-01 period was 1,998 sqft. One year prior, the average listing was 1,968 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.