Little Rock VA Loan Rates, Closing Costs & Stats

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 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 138 lenders originated 2,279 VA loans during 2022. The total origination value was $592,635,000, with an average VA loan value of $260,042.

    Little Rock VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Little Rock averaged -0.28% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Little Rock's average VA mortgage closing costs are $4,932.

    The average rate for the prior week (2023-11-17) was 7.06% and one month ago for the week of 2023-10-20, the average rate was 7.39%.

    The average rate one year ago was 6.01%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.29%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 338 5.13% $6,254
    QUICKEN LOANS, LLC 133 4.14% $8,706
    Eagle Bank and Trust Company 102 4.85% $7,782
    FirstTrust Home Loans, Inc. 87 5.14% $7,509
    USAA Federal Savings Bank 86 4.60% $6,858
    NAVY FEDERAL CREDIT UNION 73 4.18% $5,413
    FREEDOM MORTGAGE CORPORATION 69 4.46% $10,673
    PENNYMAC LOAN SERVICES, LLC 63 3.46% $6,162
    Bank of England 57 4.66% $6,858
    NEW DAY FINANCIAL, LLC 55 5.22% $7,956
    UNITED WHOLESALE MORTGAGE, LLC 54 4.42% $5,820
    FLAT BRANCH MORTGAGE, INC. 53 5.12% $8,428
    SENTE MORTGAGE, INC. 52 4.97% $9,601
    GUARANTEED RATE, INC. 48 4.95% $5,966
    First Horizon Bank 47 4.56% $7,534
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 44 4.25% $6,761
    COMMUNITY MORTGAGE CORPORATION 38 4.62% $8,435
    MORTGAGE FINANCIAL SERVICES, LLC 34 5.00% $7,266
    CORNERSTONE HOME LENDING, INC. 34 5.54% $4,286
    Centennial Bank 33 4.38% $7,480
    ARKANSAS Federal Credit Union 32 3.80% $6,108
    Mr. Cooper ( Nationstar Mortgage ) 30 4.92% $7,215
    Gateway First Bank 30 4.35% $6,767
    LOANDEPOT.COM, LLC 29 4.35% $8,266
    Arvest Bank 26 5.32% $7,769
    BROKER SOLUTIONS, INC. 25 4.93% $7,670
    The Federal Savings Bank 23 5.05% $15,988
    Chambers Bank 23 4.59% $9,628
    VILLAGE CAPITAL MORTGAGE 19 4.32% $6,336
    ENCORE BANK 18 4.28% $6,036
    AMERISAVE MORTGAGE CORPORATION 17 4.65% $9,945
    CALIBER HOME LOANS, INC. 16 4.96% $6,688
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 4.49% $8,135
    Regions Bank 13 4.97% $6,660
    MORTGAGE SOLUTIONS OF COLORADO, LLC 12 5.95% $4,217
    Wells Fargo Bank 12 4.39% $4,656
    EVERETT FINANCIAL, INC. 11 5.38% $6,706
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 11 4.57% $9,324
    Simmons Bank 11 4.82% $5,797
    Armed Forces Bank 10 4.69% $10,041
    First Community Bank 10 4.41% $5,779
    PENTAGON FEDERAL CREDIT UNION 10 3.94% $5,965
    NEWREZ LLC 10 4.56% $6,587
    CLEARPATH LENDING 10 3.76% $7,865
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 4.90% $5,147
    First Security Bank 8 4.31% $10,976
    PRIMARY RESIDENTIAL MORTGAGE, INC. 8 5.61% $7,272
    Barrington Bank & Trust Company, N.A. 8 4.13% $9,592
    Flagstar Bank, FSB 8 4.58% $7,513
    NBKC BANK 8 4.39% $7,824
    U.S. Bank 7 4.12% $6,996
    CROSSCOUNTRY MORTGAGE, LLC 7 5.81% $5,722
    Low VA Rates, LLC 7 4.64% $12,461
    CARDINAL FINANCIAL 6 4.23% $9,482
    PILGRIM MORTGAGE LLC 6 5.69% $10,304
    Mid-Continent Funding, Inc. 6 5.35% $7,580
    LAKEVIEW LOAN SERVICING, LLC 6 3.17% $2,904
    GERSHMAN INVESTMENT CORP. 5 4.90% $4,852
    MUTUAL OF OMAHA MORTGAGE, INC. 5 4.13% $5,765
    Citizens Bank 5 3.85% $4,743
    Magnolia Bank 4 4.03% $11,007
    AMCAP MORTGAGE, LTD. 4 4.56% $7,256
    Sierra Pacific Mortgage Company, Inc. 4 6.16% $9,204
    MOVEMENT MORTGAGE, LLC 4 4.44% $10,006
    Carrington Mortgage Services, LLC 4 4.47% $11,435
    First Financial Bank 4 3.91% $4,182
    The Home Loan Expert LLC 4 4.59% $7,722
    DAS Acquisition Company, LLC 4 5.06% $12,116
    Paramount Residential Mortgage Group, Inc. 4 4.66% $7,827
    GUILD MORTGAGE COMPANY 4 4.22% $8,244
    RELIANCE FIRST CAPITAL, LLC 3 3.96% $10,734
    Texana Bank 3 4.42% $6,417
    AMERICAN FINANCING CORPORATION 3 4.17% $10,342
    MORTGAGE INVESTORS GROUP, INC. 3 4.42% $5,909
    BNC National Bank 3 4.17% $7,361
    LOANPAL, LLC 3 5.29% $10,489
    North American Savings Bank, F.S.B. 3 3.83% $5,702
    First Guaranty Mortgage Corporation 2 3.38% $3,320
    FIRST COMMUNITY MORTGAGE, INC. 2 4.69% $4,854
    Farmers Bank & Trust Company 2 5.62% $10,989
    United Fidelity Funding Corp. 2 6.00% $14,291
    Evolve Bank & Trust 2 5.88% $7,177
    The Central Trust Bank 2 4.56% $2,467
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.56% $10,677
    HOME POINT FINANCIAL CORPORATION 2 4.94% $12,259
    SWBC MORTGAGE CORPORATION 2 6.00% $12,708
    SUN WEST MORTGAGE COMPANY, INC. 2 3.88% $8,985
    MID AMERICA MORTGAGE, INC. 2 4.19% $4,986
    Prosperity Home Mortgage, LLC 2 5.81% $10,423
    M&T Bank 2 4.44% $4,319
    Nations Lending Corporation 2 5.25% $8,044
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.50% $3,060
    PLANET HOME LENDING, LLC 2 5.13% $3,219
    Plains Commerce Bank 2 5.12% $12,169
    NFM, INC. 2 6.06% $10,642
    First Financial Bank 2 4.31% $15,554
    ZILLOW HOME LOANS, LLC 1 4.38% $2,589
    AMERICAN INTERNET MORTGAGE, INC. 1 3.38% $7,735
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $5,398
    Bank of America 1 4.00% $3,984
    BARKSDALE 1 5.63% $4,404
    BARTLETT MORTGAGE, INC. 1 4.50% $2,347
    Bell Bank 1 3.63% $6,002
    Capital Bank 1 4.75% $5,712
    Century Mortgage Company DBA Century Lending Company 1 3.25% $8,993
    CMG MORTGAGE, INC. 1 3.63% $10,626
    CRESCENT MORTGAGE COMPANY 1 5.38% $6,908
    DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $2,774
    FINANCE OF AMERICA MORTGAGE LLC 1 4.75% $14,143
    First Federal Bank 1 6.49% $3,133
    First Federal Bank of Kansas City 1 2.88% $8,464
    First Option Mortgage, LLC 1 4.00% $13,157
    First United Bank and Trust Company 1 6.75% $2,178
    Flanagan State Bank 1 4.13% $7,658
    GOLDENWEST 1 5.00% $9,735
    GSF Mortgage Corporation 1 4.50% $12,127
    Hometown Lenders, Inc. 1 4.25% $12,593
    JPMorgan Chase Bank 1 3.49% $500
    KELLER MORTGAGE, LLC 1 5.25% $4,143
    Lakeview Community Capital, LLC 1 4.25% $3,833
    LOANPEOPLE, LLC 1 6.25% $9,910
    Paramount Bank 1 4.75% $3,633
    PHH Mortgage Corporation 1 4.13% $11,302
    PLAZA HOME MORTGAGE, INC. 1 5.63% $11,136
    PNC Bank 1 5.00% $20,369
    RESIDENTIAL BANCORP 1 2.75% $3,318
    SOUTHWEST STAGE FUNDING, LLC 1 7.63% $8,249
    SOVEREIGN LENDING GROUP INCORPORATED 1 3.13% $14,900
    STANDARD MORTGAGE CORPORATION 1 3.13% $19,965
    Strong Home Mortgage, LLC 1 2.75% $14,552
    Sunflower Bank 1 3.99% $6,885
    TJC Mortgage, Inc. 1 2.50% $1,967
    Total Media Management, LLC 1 5.00% $2,068
    TOWNE MORTGAGE COMPANY 1 3.25% $4,785
    Trustmark National Bank 1 4.63% $6,429
    West Gate Bank 1 5.00% $13,978
    Wyndham Capital Mortgage, Inc. 1 5.75% $5,377
    Access Bank 1 6.63% $12,243

    The top Little Rock VA lender as defined by loan originations is Mortgage Research Center, LLC, with 338 VA loans originated. Their average total fees are $6,254, which is $2,453 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 ($4,217), CORNERSTONE HOME LENDING, INC. ($4,286), Wells Fargo Bank ($4,656), NAVY FEDERAL CREDIT UNION ($5,413) and First Community Bank ($5,779).

    The lowest rate Little Rock VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.46%), CLEARPATH LENDING (3.76%), ARKANSAS Federal Credit Union (3.80%), PENTAGON FEDERAL CREDIT UNION (3.94%) and QUICKEN LOANS, LLC (4.14%).

    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%) $244,247 (12.8%) 0.65 3,009
    2018-02-01 $179,900 (11.5%) $245,854 (12.3%) 0.65 2,998
    2018-03-01 $181,500 (7.6%) $244,862 (9.0%) 0.64 3,033
    2018-04-01 $186,000 (10.1%) $250,370 (10.6%) 0.63 3,073
    2018-05-01 $189,500 (11.5%) $257,179 (11.5%) 0.63 3,232
    2018-06-01 $189,900 (10.1%) $258,409 (9.7%) 0.63 3,321
    2018-07-01 $189,700 (8.5%) $254,994 (7.7%) 0.63 3,425
    2018-08-01 $189,900 (9.0%) $251,907 (6.9%) 0.64 3,472
    2018-09-01 $189,000 (8.1%) $252,200 (7.1%) 0.64 3,532
    2018-10-01 $189,900 (9.2%) $251,833 (7.3%) 0.64 3,652
    2018-11-01 $189,000 (8.3%) $250,605 (6.2%) 0.64 3,485
    2018-12-01 $187,000 (6.9%) $249,459 (3.9%) 0.65 3,371
    2019-01-01 $184,975 (5.4%) $247,499 (1.3%) 0.64 3,232
    2019-02-01 $186,950 (3.9%) $250,674 (2.0%) 0.63 3,153
    2019-03-01 $193,671 (6.7%) $257,965 (5.4%) 0.63 3,109
    2019-04-01 $199,900 (7.5%) $266,192 (6.3%) 0.63 3,078
    2019-05-01 $199,950 (5.5%) $271,717 (5.7%) 0.62 3,070
    2019-06-01 $204,250 (7.6%) $274,724 (6.3%) 0.64 3,065
    2019-07-01 $202,500 (6.8%) $275,209 (7.9%) 0.63 3,010
    2019-08-01 $205,000 (8.0%) $277,124 (10.0%) 0.65 2,969
    2019-09-01 $205,000 (8.5%) $276,617 (9.7%) 0.66 2,908
    2019-10-01 $206,525 (8.8%) $276,447 (9.8%) 0.67 2,858
    2019-11-01 $204,900 (8.4%) $273,848 (9.3%) 0.67 2,780
    2019-12-01 $202,650 (8.4%) $276,351 (10.8%) 0.68 2,606
    2020-01-01 $199,963 (8.1%) $276,394 (11.7%) 0.67 2,412
    2020-02-01 $210,000 (12.3%) $280,921 (12.1%) 0.69 2,320
    2020-03-01 $219,450 (13.3%) $284,838 (10.4%) 0.69 2,313
    2020-04-01 $219,250 (9.7%) $283,395 (6.5%) 0.69 2,282
    2020-05-01 $230,100 (15.1%) $294,752 (8.5%) 0.70 2,023
    2020-06-01 $239,450 (17.2%) $304,392 (10.8%) 0.71 1,860
    2020-07-01 $243,656 (20.3%) $311,343 (13.1%) 0.71 1,760
    2020-08-01 $245,000 (19.5%) $319,359 (15.2%) 0.70 1,617
    2020-09-01 $241,200 (17.7%) $320,661 (15.9%) 0.69 1,483
    2020-10-01 $244,950 (18.6%) $329,289 (19.1%) 0.70 1,425
    2020-11-01 $241,700 (18.0%) $329,576 (20.4%) 0.71 1,337
    2020-12-01 $239,450 (18.2%) $331,040 (19.8%) 0.71 1,209
    2021-01-01 $230,000 (15.0%) $331,887 (20.1%) 0.69 993
    2021-02-01 $244,950 (16.6%) $335,296 (19.4%) 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 (20.9%) 0.67 763
    2021-05-01 $239,000 (3.9%) $335,123 (13.7%) 0.64 745
    2021-06-01 $235,000 (-1.9%) $330,739 (8.7%) 0.62 820
    2021-07-01 $245,000 (0.6%) $332,666 (6.9%) 0.65 990
    2021-08-01 $249,450 (1.8%) $333,052 (4.3%) 0.67 1,082
    2021-09-01 $249,450 (3.4%) $331,112 (3.3%) 0.67 1,089
    2021-10-01 $249,000 (1.7%) $328,339 (-0.3%) 0.66 1,002
    2021-11-01 $233,450 (-3.4%) $315,195 (-4.4%) 0.62 974
    2021-12-01 $236,950 (-1.0%) $319,465 (-3.5%) 0.64 870
    2022-01-01 $238,900 (3.9%) $318,318 (-4.1%) 0.65 774
    2022-02-01 $242,425 (-1.0%) $334,904 (-0.1%) 0.63 669
    2022-03-01 $251,950 (0.8%) $364,470 (6.8%) 0.63 693
    2022-04-01 $285,000 (14.5%) $371,692 (8.5%) 0.68 714
    2022-05-01 $289,900 (21.3%) $370,590 (10.6%) 0.66 834
    2022-06-01 $289,598 (23.2%) $368,833 (11.5%) 0.65 941
    2022-07-01 $280,000 (14.3%) $358,112 (7.7%) 0.63 1,155
    2022-08-01 $279,000 (11.9%) $349,778 (5.0%) 0.65 1,264
    2022-09-01 $284,900 (14.2%) $349,042 (5.4%) 0.67 1,252
    2022-10-01 $296,000 (18.9%) $355,234 (8.2%) 0.70 1,309
    2022-11-01 $289,950 (24.2%) $343,486 (9.0%) 0.70 1,454
    2022-12-01 $299,900 (26.6%) $347,605 (8.8%) 0.74 1,345
    2023-01-01 $300,000 (25.6%) $348,061 (9.3%) 0.74 1,231
    2023-02-01 $304,440 (25.6%) $350,781 (4.7%) 0.74 1,133
    2023-03-01 $303,475 (20.5%) $351,884 (-3.5%) 0.72 1,124
    2023-04-01 $315,000 (10.5%) $358,491 (-3.6%) 0.73 1,121
    2023-05-01 $312,950 (8.0%) $366,107 (-1.2%) 0.71 1,174
    2023-06-01 $321,450 (11.0%) $376,845 (2.2%) 0.72 1,239
    2023-07-01 $325,000 (16.1%) $386,508 (7.9%) 0.74 1,288
    2023-08-01 $320,450 (14.9%) $381,768 (9.2%) 0.74 1,320
    2023-09-01 $319,900 (12.3%) $367,463 (5.3%) 0.74 1,490
    2023-10-01 $295,000 (-0.3%) $352,688 (-0.7%) 0.69 1,682
    Little Rock's median listing price for 2023-10-01 was $295,000, a difference of $-1,000 (-0.3%) versus the prior year and $-24,900 versus the prior month.

    Little Rock's median listing price comes in at 69% of the national average.

    Little Rock's average listing price for 2023-10-01 was $352,688, a difference of $-2,546 (-0.7%) versus the prior year and $-14,775 versus the prior month.

    For the 2023-10-01 period, Little Rock had 1,682 MLS listings, a difference of 192 listings (13%) versus the prior month and 373 listings (28%) 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 1,951 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 1,938 sqft
    2018-11-01 66 days 1,920 sqft
    2018-12-01 73 days 1,900 sqft
    2019-01-01 73 days 1,891 sqft
    2019-02-01 64 days 1,895 sqft
    2019-03-01 55 days 1,938 sqft
    2019-04-01 55 days 1,993 sqft
    2019-05-01 54 days 2,004 sqft
    2019-06-01 59 days 2,016 sqft
    2019-07-01 59 days 2,028 sqft
    2019-08-01 60 days 2,036 sqft
    2019-09-01 62 days 2,030 sqft
    2019-10-01 63 days 2,028 sqft
    2019-11-01 65 days 2,025 sqft
    2019-12-01 71 days 2,023 sqft
    2020-01-01 68 days 2,000 sqft
    2020-02-01 55 days 2,049 sqft
    2020-03-01 52 days 2,088 sqft
    2020-04-01 57 days 2,072 sqft
    2020-05-01 62 days 2,145 sqft
    2020-06-01 52 days 2,148 sqft
    2020-07-01 47 days 2,145 sqft
    2020-08-01 44 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 1,901 sqft
    2021-07-01 24 days 1,979 sqft
    2021-08-01 32 days 1,977 sqft
    2021-09-01 38 days 1,984 sqft
    2021-10-01 40 days 1,950 sqft
    2021-11-01 37 days 1,911 sqft
    2021-12-01 45 days 1,941 sqft
    2022-01-01 47 days 1,970 sqft
    2022-02-01 36 days 1,929 sqft
    2022-03-01 30 days 1,926 sqft
    2022-04-01 25 days 2,032 sqft
    2022-05-01 26 days 2,040 sqft
    2022-06-01 29 days 2,066 sqft
    2022-07-01 29 days 1,996 sqft
    2022-08-01 34 days 2,020 sqft
    2022-09-01 39 days 2,051 sqft
    2022-10-01 38 days 2,085 sqft
    2022-11-01 40 days 2,041 sqft
    2022-12-01 51 days 2,058 sqft
    2023-01-01 52 days 2,023 sqft
    2023-02-01 48 days 2,009 sqft
    2023-03-01 46 days 1,995 sqft
    2023-04-01 40 days 2,023 sqft
    2023-05-01 38 days 2,088 sqft
    2023-06-01 39 days 2,114 sqft
    2023-07-01 39 days 2,144 sqft
    2023-08-01 40 days 2,123 sqft
    2023-09-01 38 days 2,104 sqft
    2023-10-01 43 days 1,977 sqft
    Little Rock's median listing age (time on market) for 2023-10-01 was 43 days. This is 12% longer than the same period one year ago.

    Little Rock's median square footage for active listings during the 2023-10-01 period was 1,977 sqft. One year prior, the average listing was 2,085 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.