Little Rock VA Loans

LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR

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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 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 5.68% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.39% and one month ago for the week of 2022-04-15, the average rate was 4.95%.

    The average rate one year ago was 2.94%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.31%.

    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 & INVESTMENT LLC 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 & INVESTMENT LLC ($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
    Little Rock's median listing price for 2022-04-01 was $279,900, a difference of $35,900 (14.7%) versus the prior year and $29,950 versus the prior month.

    Little Rock's median listing price comes in at 66% of the national average.

    Little Rock's average listing price for 2022-04-01 was $366,289, a difference of $18,522 (5.3%) versus the prior year and $4,902 versus the prior month.

    For the 2022-04-01 period, Little Rock had 674 MLS listings, a difference of 8 listings (1%) versus the prior month and -55 listings (-8%) 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
    Little Rock's median listing age (time on market) for 2022-04-01 was 29 days. This is -18% shorter than the same period one year ago.

    Little Rock's median square footage for active listings during the 2022-04-01 period was 2,000 sqft. One year prior, the average listing was 1,940 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.