Malvern VA Loan Rates, Closing Costs & Stats

Malvern, 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.

    Malvern's 25 lenders originated 50 VA loans during 2024. The total origination value was $11,620,000, with an average VA loan value of $232,400.

    Malvern VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Malvern averaged 0.19% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Malvern's average VA mortgage closing costs are $4,842.

    The average rate for the prior week (2025-06-13) was 6.83% and one month ago for the week of 2025-05-16, the average rate was 6.69%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0%.

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

    Malvern 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 Malvern level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 11 6.35% $7,049
    QUICKEN LOANS, LLC 6 5.95% $10,721
    NEW DAY FINANCIAL, LLC 5 7.87% $8,880
    SWBC MORTGAGE CORPORATION 3 6.29% $4,856
    UNITED WHOLESALE MORTGAGE, LLC 2 5.87% $6,848
    GMFS LLC 2 6.38% $1,688
    FREEDOM MORTGAGE CORPORATION 2 6.25% $11,794
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.25% $10,074
    FLAT BRANCH MORTGAGE, INC. 1 6.63% $4,960
    NBKC BANK 1 6.00% $8,099
    Paramount Residential Mortgage Group, Inc. 1 7.13% $3,814
    PENNYMAC LOAN SERVICES, LLC 1 5.88% $7,704
    Regions Bank 1 6.50% $2,831
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $0
    STOCKTON MORTGAGE CORPORATION 1 5.75% $5,291
    USAA Federal Savings Bank 1 6.50% $2,283
    VILLAGE CAPITAL MORTGAGE 1 5.75% $2,980
    AMERISAVE MORTGAGE CORPORATION 1 6.13% $13,437
    ZILLOW HOME LOANS, LLC 1 5.25% $4,457
    ARKANSAS Federal Credit Union 1 7.00% $2,544
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $2,888
    Arvest Bank 1 6.75% $0
    Bank OZK 1 6.12% $3,412
    Barrington Bank & Trust Company, N.A. 1 6.25% $12,362
    DAS Acquisition Company, LLC 1 6.50% $5,893

    The top Malvern VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $7,049, which is $3,672 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Malvern VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,049), .

    The lowest rate Malvern VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.35%), .

    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.