Magnolia VA Loan Rates, Closing Costs & Stats

Magnolia, 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.

    Magnolia's 13 lenders originated 17 VA loans during 2024. The total origination value was $4,115,000, with an average VA loan value of $242,059.

    Magnolia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Magnolia averaged 6.76% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Magnolia's average VA mortgage closing costs are $5,356.

    The average rate for the prior week (2025-07-04) was 6.67% and one month ago for the week of 2025-06-06, the average rate was 6.95%.

    The average rate one year ago was 6.77%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.27%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Magnolia 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 Magnolia level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 3 5.83% $6,839
    Lakeview Community Capital, LLC 2 6.00% $2,298
    Mortgage Research Center, LLC 2 7.00% $2,131
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $1,549
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    NAVY FEDERAL CREDIT UNION 1 6.38% $5,679
    NEW DAY FINANCIAL, LLC 1 8.13% $10,264
    NEWREZ LLC 1 7.13% $1,343
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $2,564
    ENCORE BANK 1 6.25% $975
    UNITED WHOLESALE MORTGAGE, LLC 1 5.75% $4,693
    Equity Prime Mortgage LLC 1 7.00% $3,035
    Farmers Bank & Trust Company 1 7.13% $1,343

    The top Magnolia VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 3 VA loans originated. Their average total fees are $6,839, which is $4,541 higher than the next largest lender, Lakeview Community Capital, LLC.

    The lowest fee Magnolia VA lenders (with over 10 loans originated) are .

    The lowest rate Magnolia VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Magnolia (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 $119,900 (1.4%) $140,575 (-12.0%) 0.00 140
    2018-02-01 $114,950 (-0.9%) $137,664 (-11.4%) 0.00 136
    2018-03-01 $119,900 (4.3%) $135,804 (-13.6%) 0.00 129
    2018-04-01 $136,200 (18.4%) $147,342 (-4.4%) 0.00 128
    2018-05-01 $149,000 (24.4%) $154,166 (-0.5%) 0.00 126
    2018-06-01 $132,400 (3.2%) $146,392 (-3.6%) 0.00 127
    2018-07-01 $123,975 (-10.8%) $139,054 (-10.2%) 0.00 107
    2018-08-01 $129,900 (-3.7%) $144,044 (-5.5%) 0.00 108
    2018-09-01 $129,900 (-5.4%) $144,175 (-7.7%) 0.00 109
    2018-10-01 $131,175 (1.4%) $147,172 (-2.8%) 0.00 121
    2018-11-01 $136,250 (4.9%) $150,802 (-0.3%) 0.00 116
    2018-12-01 $144,900 (13.7%) $153,707 (4.5%) 0.00 119
    2019-01-01 $148,425 (23.8%) $155,530 (10.6%) 0.00 114
    2019-02-01 $147,375 (28.2%) $152,155 (10.5%) 0.00 116
    2019-03-01 $141,386 (17.9%) $154,470 (13.7%) 0.00 111
    2019-04-01 $140,086 (2.9%) $159,356 (8.2%) 0.00 110
    2019-05-01 $147,500 (-1.0%) $160,022 (3.8%) 0.00 115
    2019-06-01 $141,200 (6.7%) $160,634 (9.7%) 0.00 124
    2019-07-01 $139,475 (12.5%) $157,805 (13.5%) 0.00 135
    2019-08-01 $137,791 (6.1%) $160,193 (11.2%) 0.00 132
    2019-09-01 $138,977 (7.0%) $164,109 (13.8%) 0.00 129
    2019-10-01 $139,900 (6.7%) $167,569 (13.9%) 0.00 127
    2019-11-01 $142,000 (4.2%) $172,676 (14.5%) 0.00 114
    2019-12-01 $144,900 (0.0%) $171,267 (11.4%) 0.00 114
    2020-01-01 $149,000 (0.4%) $178,196 (14.6%) 0.00 108
    2020-02-01 $149,000 (1.1%) $176,888 (16.3%) 0.00 116
    2020-03-01 $145,350 (2.8%) $178,597 (15.6%) 0.00 115
    2020-04-01 $149,900 (7.0%) $184,079 (15.5%) 0.00 112
    2020-05-01 $172,500 (17.0%) $191,147 (19.5%) 0.00 111
    2020-06-01 $166,200 (17.7%) $189,715 (18.1%) 0.00 104
    2020-07-01 $159,875 (14.6%) $186,519 (18.2%) 0.00 96
    2020-08-01 $169,900 (23.3%) $191,357 (19.5%) 0.00 86
    2020-09-01 $169,750 (22.1%) $191,854 (16.9%) 0.00 75
    2020-10-01 $169,000 (20.8%) $184,401 (10.1%) 0.00 79
    2020-11-01 $169,000 (19.0%) $183,389 (6.2%) 0.00 79
    2020-12-01 $159,750 (10.3%) $174,849 (2.1%) 0.00 78
    2021-01-01 $157,000 (5.4%) $167,751 (-5.9%) 0.00 71
    2021-02-01 $157,000 (5.4%) $171,157 (-3.2%) 0.00 66
    2021-03-01 $144,925 (-0.3%) $165,192 (-7.5%) 0.00 55
    2021-04-01 $137,000 (-8.6%) $157,601 (-14.4%) 0.00 49
    2021-05-01 $137,500 (-20.3%) $154,003 (-19.4%) 0.00 41
    2021-06-01 $139,900 (-15.8%) $158,392 (-16.5%) 0.00 42
    2021-07-01 $131,200 (-17.9%) $162,475 (-12.9%) 0.00 43
    2021-08-01 $127,100 (-25.2%) $168,838 (-11.8%) 0.00 45
    2021-09-01 $140,550 (-17.2%) $189,161 (-1.4%) 0.00 44
    2021-10-01 $141,250 (-16.4%) $192,775 (4.5%) 0.00 40
    2021-11-01 $160,000 (-5.3%) $206,364 (12.5%) 0.00 37
    2021-12-01 $192,500 (20.5%) $213,111 (21.9%) 0.00 39
    2022-01-01 $175,000 (11.5%) $204,905 (22.2%) 0.00 38
    2022-02-01 $170,000 (8.3%) $191,333 (11.8%) 0.00 33
    2022-03-01 $211,150 (45.7%) $210,752 (27.6%) 0.00 32
    2022-04-01 $177,500 (29.6%) $201,612 (27.9%) 0.00 35
    2022-05-01 $219,950 (60.0%) $214,991 (39.6%) 0.00 34
    2022-06-01 $177,450 (26.8%) $205,970 (30.0%) 0.00 43
    2022-07-01 $185,000 (41.0%) $214,593 (32.1%) 0.00 46
    2022-08-01 $171,250 (34.7%) $198,083 (17.3%) 0.00 44
    2022-09-01 $190,000 (35.2%) $223,027 (17.9%) 0.00 41
    2022-10-01 $195,000 (38.1%) $216,839 (12.5%) 0.00 49
    2022-11-01 $196,000 (22.5%) $219,038 (6.1%) 0.00 52
    2022-12-01 $197,000 (2.3%) $213,193 (0.0%) 0.00 54
    2023-01-01 $182,450 (4.3%) $204,087 (-0.4%) 0.00 52
    2023-02-01 $182,450 (7.3%) $216,897 (13.4%) 0.00 53
    2023-03-01 $159,900 (-24.3%) $201,662 (-4.3%) 0.00 53
    2023-04-01 $159,900 (-9.9%) $192,716 (-4.4%) 0.00 62
    2023-05-01 $177,500 (-19.3%) $222,098 (3.3%) 0.00 63
    2023-06-01 $194,675 (9.7%) $239,461 (16.3%) 0.00 58
    2023-07-01 $212,000 (14.6%) $242,556 (13.0%) 0.00 57
    2023-08-01 $217,500 (27.0%) $248,073 (25.2%) 0.00 61
    2023-09-01 $219,900 (15.7%) $260,747 (16.9%) 0.00 72
    2023-10-01 $219,950 (12.8%) $266,299 (22.8%) 0.00 88
    2023-11-01 $219,000 (11.7%) $259,134 (18.3%) 0.00 69
    2023-12-01 $204,500 (3.8%) $248,725 (16.7%) 0.00 63
    2024-01-01 $194,450 (6.6%) $242,075 (18.6%) 0.00 59
    2024-02-01 $199,450 (9.3%) $250,880 (15.7%) 0.00 57
    2024-03-01 $191,500 (19.8%) $217,994 (8.1%) 0.00 67
    2024-04-01 $196,450 (22.9%) $228,975 (18.8%) 0.00 67
    2024-05-01 $199,550 (12.4%) $270,601 (21.8%) 0.00 64
    2024-06-01 $205,000 (5.3%) $269,767 (12.7%) 0.00 59
    2024-07-01 $201,500 (-5.0%) $269,944 (11.3%) 0.00 62
    2024-08-01 $225,000 (3.5%) $294,344 (18.7%) 0.00 74
    2024-09-01 $233,900 (6.4%) $305,273 (17.1%) 0.00 70
    2024-10-01 $244,900 (11.3%) $304,790 (14.5%) 0.00 68
    2024-11-01 $231,950 (5.9%) $299,254 (15.5%) 0.00 66
    2024-12-01 $229,000 (12.0%) $284,331 (14.3%) 0.00 68
    2025-01-01 $228,000 (17.3%) $262,297 (8.4%) 0.00 69
    2025-02-01 $227,250 (13.9%) $260,948 (4.0%) 0.00 67
    2025-03-01 $225,000 (17.5%) $267,525 (22.7%) 0.00 66
    2025-04-01 $219,250 (11.6%) $253,860 (10.9%) 0.00 73
    2025-05-01 $225,000 (12.8%) $251,403 (-7.1%) 0.00 81
    2025-06-01 $238,675 (16.4%) $285,065 (5.7%) 0.00 73
    Magnolia's median listing price for 2025-06-01 was $238,675, a difference of $33,675 (16.4%) versus the prior year and $13,675 versus the prior month.

    Magnolia's median listing price comes in at 0% of the national average.

    Magnolia's average listing price for 2025-06-01 was $285,065, a difference of $15,298 (5.7%) versus the prior year and $33,662 versus the prior month.

    For the 2025-06-01 period, Magnolia had 73 MLS listings, a difference of -8 listings (-10%) versus the prior month and 14 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Magnolia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,714 sqft
    2018-02-01 0 days 1,714 sqft
    2018-03-01 0 days 1,720 sqft
    2018-04-01 0 days 1,947 sqft
    2018-05-01 0 days 2,022 sqft
    2018-06-01 0 days 2,149 sqft
    2018-07-01 0 days 2,102 sqft
    2018-08-01 0 days 2,168 sqft
    2018-09-01 0 days 2,017 sqft
    2018-10-01 0 days 1,904 sqft
    2018-11-01 0 days 1,765 sqft
    2018-12-01 0 days 1,720 sqft
    2019-01-01 0 days 1,700 sqft
    2019-02-01 0 days 1,700 sqft
    2019-03-01 0 days 1,671 sqft
    2019-04-01 0 days 1,700 sqft
    2019-05-01 0 days 1,711 sqft
    2019-06-01 0 days 1,742 sqft
    2019-07-01 0 days 1,763 sqft
    2019-08-01 0 days 1,842 sqft
    2019-09-01 0 days 1,974 sqft
    2019-10-01 0 days 2,069 sqft
    2019-11-01 0 days 2,062 sqft
    2019-12-01 0 days 1,994 sqft
    2020-01-01 0 days 2,038 sqft
    2020-02-01 0 days 1,994 sqft
    2020-03-01 0 days 1,962 sqft
    2020-04-01 0 days 1,998 sqft
    2020-05-01 0 days 1,998 sqft
    2020-06-01 0 days 2,000 sqft
    2020-07-01 0 days 1,866 sqft
    2020-08-01 0 days 1,866 sqft
    2020-09-01 0 days 2,128 sqft
    2020-10-01 0 days 2,095 sqft
    2020-11-01 0 days 1,705 sqft
    2020-12-01 0 days 1,667 sqft
    2021-01-01 0 days 1,866 sqft
    2021-02-01 0 days 1,990 sqft
    2021-03-01 0 days 2,079 sqft
    2021-04-01 0 days 2,079 sqft
    2021-05-01 0 days 2,239 sqft
    2021-06-01 0 days 2,186 sqft
    2021-07-01 0 days 2,124 sqft
    2021-08-01 0 days 2,124 sqft
    2021-09-01 0 days 2,180 sqft
    2021-10-01 0 days 1,985 sqft
    2021-11-01 0 days 2,009 sqft
    2021-12-01 0 days 1,910 sqft
    2022-01-01 0 days 1,908 sqft
    2022-02-01 0 days 1,834 sqft
    2022-03-01 0 days 1,834 sqft
    2022-04-01 0 days 1,797 sqft
    2022-05-01 0 days 1,874 sqft
    2022-06-01 0 days 1,820 sqft
    2022-07-01 0 days 1,902 sqft
    2022-08-01 0 days 1,908 sqft
    2022-09-01 0 days 2,085 sqft
    2022-10-01 0 days 2,039 sqft
    2022-11-01 0 days 1,990 sqft
    2022-12-01 0 days 1,894 sqft
    2023-01-01 0 days 1,866 sqft
    2023-02-01 0 days 1,934 sqft
    2023-03-01 0 days 1,910 sqft
    2023-04-01 0 days 1,849 sqft
    2023-05-01 0 days 1,884 sqft
    2023-06-01 0 days 1,916 sqft
    2023-07-01 0 days 1,940 sqft
    2023-08-01 0 days 1,945 sqft
    2023-09-01 0 days 1,920 sqft
    2023-10-01 0 days 1,947 sqft
    2023-11-01 0 days 1,964 sqft
    2023-12-01 0 days 1,964 sqft
    2024-01-01 0 days 1,957 sqft
    2024-02-01 0 days 2,090 sqft
    2024-03-01 0 days 1,932 sqft
    2024-04-01 0 days 2,032 sqft
    2024-05-01 0 days 2,064 sqft
    2024-06-01 0 days 2,058 sqft
    2024-07-01 0 days 1,985 sqft
    2024-08-01 0 days 2,010 sqft
    2024-09-01 0 days 2,134 sqft
    2024-10-01 0 days 2,074 sqft
    2024-11-01 0 days 2,119 sqft
    2024-12-01 0 days 2,003 sqft
    2025-01-01 0 days 1,940 sqft
    2025-02-01 0 days 1,981 sqft
    2025-03-01 0 days 2,138 sqft
    2025-04-01 0 days 2,059 sqft
    2025-05-01 0 days 2,000 sqft
    2025-06-01 0 days 2,008 sqft
    Magnolia's median listing age (time on market) for 2025-06-01 was 0 days.

    Magnolia's median square footage for active listings during the 2025-06-01 period was 2,008 sqft. One year prior, the average listing was 2,058 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.