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 6.55% for the week of 2024-10-25, compared to the national average (all VA variants) of 6.14% for the same period.

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

    The average rate for the prior week (2024-10-18) was 6.07% and one month ago for the week of 2024-09-20, the average rate was 5.77%.

    The average rate one year ago was 7.59%.

    For refis of the same type during the week of 2024-10-25, the average rate was 6.39%.

    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%).

    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.