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 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 6.87% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 7% and one month ago for the week of 2024-03-15, the average rate was 6.66%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.91%.

    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
    Little Rock's median listing price for 2024-03-01 was $309,900, a difference of $6,400 (2.1%) versus the prior year and $10,450 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 2024-03-01 was $361,595, a difference of $9,502 (2.7%) versus the prior year and $8,529 versus the prior month.

    For the 2024-03-01 period, Little Rock had 1,633 MLS listings, a difference of -8 listings (0%) versus the prior month and 510 listings (45%) 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
    Little Rock's median listing age (time on market) for 2024-03-01 was 45 days. This is -1% shorter than the same period one year ago.

    Little Rock's median square footage for active listings during the 2024-03-01 period was 1,991 sqft. One year prior, the average listing was 1,996 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.