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 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 6.33% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

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

The average rate for the prior week (2023-05-19) was 6.25% and one month ago for the week of 2023-04-21, the average rate was 6.17%.

The average rate one year ago was 4.94%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.42%.

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 $194,900 (7.4%) $260,428 (6.4%) 0.65 3,110
2019-04-01 $199,900 (7.5%) $266,115 (6.3%) 0.63 3,085
2019-05-01 $199,950 (5.5%) $271,717 (5.7%) 0.62 3,070
2019-06-01 $204,250 (7.6%) $274,673 (6.3%) 0.64 3,066
2019-07-01 $202,500 (6.8%) $275,158 (7.9%) 0.63 3,011
2019-08-01 $207,500 (9.3%) $278,576 (10.6%) 0.65 2,977
2019-09-01 $212,750 (12.6%) $283,100 (12.3%) 0.67 2,734
2019-10-01 $208,100 (9.6%) $276,710 (9.9%) 0.67 2,859
2019-11-01 $204,900 (8.4%) $273,793 (9.3%) 0.67 2,781
2019-12-01 $202,650 (8.4%) $276,321 (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 (12.6%) $284,838 (9.4%) 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 (13.2%) 0.71 1,760
2020-08-01 $245,000 (18.1%) $319,359 (14.6%) 0.70 1,617
2020-09-01 $241,200 (13.4%) $320,661 (13.3%) 0.69 1,483
2020-10-01 $244,950 (17.7%) $329,289 (19.0%) 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%) 0.63 745
2021-06-01 $235,000 (-1.9%) $330,739 (8.7%) 0.62 820
2021-07-01 $245,000 (0.6%) $332,807 (6.9%) 0.65 991
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 (7.6%) 0.63 1,155
2022-08-01 $279,000 (11.9%) $349,778 (5.0%) 0.64 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%) $343,368 (8.9%) 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%) $348,214 (9.4%) 0.74 1,231
2023-02-01 $304,245 (25.5%) $350,781 (4.7%) 0.73 1,134
2023-03-01 $303,475 (20.5%) $351,884 (-3.5%) 0.71 1,124
2023-04-01 $315,000 (10.5%) $358,437 (-3.6%) 0.73 1,121
Little Rock's median listing price for 2023-04-01 was $315,000, a difference of $30,000 (10.5%) versus the prior year and $11,525 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 2023-04-01 was $358,437, a difference of $-13,255 (-3.6%) versus the prior year and $6,553 versus the prior month.

For the 2023-04-01 period, Little Rock had 1,121 MLS listings, a difference of -3 listings (0%) versus the prior month and 407 listings (57%) 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 82 days 1,909 sqft
2018-02-01 72 days 1,910 sqft
2018-03-01 61 days 1,928 sqft
2018-04-01 61 days 1,940 sqft
2018-05-01 57 days 1,951 sqft
2018-06-01 58 days 1,962 sqft
2018-07-01 60 days 1,957 sqft
2018-08-01 61 days 1,955 sqft
2018-09-01 65 days 1,937 sqft
2018-10-01 68 days 1,938 sqft
2018-11-01 71 days 1,920 sqft
2018-12-01 78 days 1,900 sqft
2019-01-01 79 days 1,891 sqft
2019-02-01 69 days 1,895 sqft
2019-03-01 63 days 1,950 sqft
2019-04-01 59 days 1,993 sqft
2019-05-01 57 days 2,004 sqft
2019-06-01 60 days 2,016 sqft
2019-07-01 61 days 2,028 sqft
2019-08-01 71 days 2,043 sqft
2019-09-01 72 days 2,052 sqft
2019-10-01 67 days 2,028 sqft
2019-11-01 67 days 2,025 sqft
2019-12-01 73 days 2,023 sqft
2020-01-01 70 days 2,000 sqft
2020-02-01 58 days 2,049 sqft
2020-03-01 54 days 2,088 sqft
2020-04-01 58 days 2,072 sqft
2020-05-01 64 days 2,145 sqft
2020-06-01 55 days 2,148 sqft
2020-07-01 51 days 2,145 sqft
2020-08-01 45 days 2,150 sqft
2020-09-01 46 days 2,142 sqft
2020-10-01 45 days 2,129 sqft
2020-11-01 48 days 2,123 sqft
2020-12-01 54 days 2,081 sqft
2021-01-01 58 days 2,048 sqft
2021-02-01 48 days 2,063 sqft
2021-03-01 44 days 2,040 sqft
2021-04-01 32 days 1,979 sqft
2021-05-01 25 days 1,936 sqft
2021-06-01 25 days 1,901 sqft
2021-07-01 25 days 1,979 sqft
2021-08-01 32 days 1,977 sqft
2021-09-01 39 days 1,984 sqft
2021-10-01 43 days 1,950 sqft
2021-11-01 39 days 1,911 sqft
2021-12-01 45 days 1,941 sqft
2022-01-01 50 days 1,970 sqft
2022-02-01 38 days 1,929 sqft
2022-03-01 32 days 1,926 sqft
2022-04-01 26 days 2,032 sqft
2022-05-01 27 days 2,038 sqft
2022-06-01 29 days 2,066 sqft
2022-07-01 29 days 1,996 sqft
2022-08-01 35 days 2,020 sqft
2022-09-01 40 days 2,051 sqft
2022-10-01 39 days 2,085 sqft
2022-11-01 41 days 2,039 sqft
2022-12-01 52 days 2,058 sqft
2023-01-01 53 days 2,024 sqft
2023-02-01 50 days 2,009 sqft
2023-03-01 47 days 1,995 sqft
2023-04-01 42 days 2,023 sqft
Little Rock's median listing age (time on market) for 2023-04-01 was 42 days. This is 62% longer than the same period one year ago.

Little Rock's median square footage for active listings during the 2023-04-01 period was 2,023 sqft. One year prior, the average listing was 2,032 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.