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 24 lenders originated 46 VA loans during 2023. The total origination value was $10,590,000, with an average VA loan value of $230,217.

    Malvern VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Malvern averaged 0.39% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Malvern's average VA mortgage closing costs are $4,487.

    The average rate for the prior week (2024-11-08) was 6.79% and one month ago for the week of 2024-10-11, the average rate was 6.06%.

    The average rate one year ago was 7.55%.

    For refis of the same type during the week of 2024-11-15, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 11 7.28% $2,300
    QUICKEN LOANS, LLC 3 6.21% $10,502
    UNITED WHOLESALE MORTGAGE, LLC 2 6.12% $13,727
    FirstTrust Home Loans, Inc. 2 7.13% $3,493
    FREEDOM MORTGAGE CORPORATION 2 6.75% $22,006
    GMFS LLC 2 6.44% $1,412
    LOANDEPOT.COM, LLC 2 6.00% $13,671
    PENNYMAC LOAN SERVICES, LLC 2 5.38% $3,614
    SWBC MORTGAGE CORPORATION 2 6.75% $6,121
    LOANPAL, LLC 1 5.38% $6,469
    MORTGAGE INVESTORS GROUP, INC. 1 5.88% $14,082
    MORTGAGEONE, INC. 1 7.00% $4,529
    CARDINAL FINANCIAL 1 6.75% $8,443
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.63% $0
    NAVY FEDERAL CREDIT UNION 1 5.38% $2,080
    NEW DAY FINANCIAL, LLC 1 7.49% $3,473
    Paramount Residential Mortgage Group, Inc. 1 5.99% $13,357
    AMERICAN FINANCING CORPORATION 1 6.25% $8,069
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $296
    Eagle Bank and Trust Company 1 6.13% $1,803
    PENTAGON FEDERAL CREDIT UNION 1 4.88% $6,264
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $4,003
    RELIANCE FIRST CAPITAL, LLC 1 7.25% $7,342
    STOCKTON MORTGAGE CORPORATION 1 7.25% $4,972

    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 $2,300, which is $8,202 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 ($2,300), .

    The lowest rate Malvern VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.28%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Malvern (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 $127,750 (11.9%) $160,553 (9.9%) 0.00 127
    2018-02-01 $128,475 (17.7%) $167,116 (13.6%) 0.00 130
    2018-03-01 $129,900 (25.2%) $165,507 (14.1%) 0.00 110
    2018-04-01 $135,900 (27.1%) $183,667 (23.5%) 0.00 111
    2018-05-01 $131,200 (14.4%) $183,052 (23.8%) 0.00 113
    2018-06-01 $129,900 (7.2%) $180,262 (18.3%) 0.00 122
    2018-07-01 $136,625 (5.1%) $178,075 (14.8%) 0.00 119
    2018-08-01 $149,250 (8.6%) $167,750 (5.0%) 0.00 113
    2018-09-01 $149,950 (7.5%) $169,621 (5.5%) 0.00 111
    2018-10-01 $144,950 (4.1%) $167,376 (-0.3%) 0.00 118
    2018-11-01 $129,225 (-6.3%) $148,947 (-9.9%) 0.00 116
    2018-12-01 $129,175 (-0.6%) $146,703 (-7.9%) 0.00 105
    2019-01-01 $130,825 (2.4%) $145,009 (-9.7%) 0.00 100
    2019-02-01 $140,219 (9.1%) $156,350 (-6.4%) 0.00 91
    2019-03-01 $120,264 (-7.4%) $149,500 (-9.7%) 0.00 92
    2019-04-01 $113,739 (-16.3%) $145,856 (-20.6%) 0.00 91
    2019-05-01 $140,200 (6.9%) $163,050 (-10.9%) 0.00 86
    2019-06-01 $155,500 (19.7%) $171,977 (-4.6%) 0.00 88
    2019-07-01 $150,750 (10.3%) $175,427 (-1.5%) 0.00 82
    2019-08-01 $152,916 (2.5%) $173,821 (3.6%) 0.00 83
    2019-09-01 $154,665 (3.1%) $173,576 (2.3%) 0.00 87
    2019-10-01 $155,268 (7.1%) $173,413 (3.6%) 0.00 88
    2019-11-01 $159,000 (23.0%) $186,126 (25.0%) 0.00 83
    2019-12-01 $157,225 (21.7%) $192,481 (31.2%) 0.00 89
    2020-01-01 $159,700 (22.1%) $198,634 (37.0%) 0.00 91
    2020-02-01 $160,000 (14.1%) $209,419 (33.9%) 0.00 93
    2020-03-01 $192,000 (59.7%) $220,828 (47.7%) 0.00 88
    2020-04-01 $198,750 (74.7%) $232,593 (59.5%) 0.00 80
    2020-05-01 $192,450 (37.3%) $235,962 (44.7%) 0.00 71
    2020-06-01 $190,725 (22.7%) $252,992 (47.1%) 0.00 62
    2020-07-01 $193,625 (28.4%) $250,896 (43.0%) 0.00 64
    2020-08-01 $199,000 (30.1%) $271,253 (56.1%) 0.00 60
    2020-09-01 $164,725 (6.5%) $261,606 (50.7%) 0.00 59
    2020-10-01 $175,000 (12.7%) $256,881 (48.1%) 0.00 53
    2020-11-01 $159,450 (0.3%) $242,706 (30.4%) 0.00 58
    2020-12-01 $141,725 (-9.9%) $245,594 (27.6%) 0.00 61
    2021-01-01 $157,500 (-1.4%) $248,328 (25.0%) 0.00 55
    2021-02-01 $136,750 (-14.5%) $257,076 (22.8%) 0.00 46
    2021-03-01 $166,375 (-13.4%) $297,483 (34.7%) 0.00 44
    2021-04-01 $159,175 (-19.9%) $274,004 (17.8%) 0.00 42
    2021-05-01 $165,000 (-14.3%) $294,311 (24.7%) 0.00 40
    2021-06-01 $175,920 (-7.8%) $305,685 (20.8%) 0.00 39
    2021-07-01 $182,450 (-5.8%) $289,390 (15.3%) 0.00 46
    2021-08-01 $173,650 (-12.7%) $212,336 (-21.7%) 0.00 54
    2021-09-01 $176,975 (7.4%) $245,520 (-6.2%) 0.00 47
    2021-10-01 $179,900 (2.8%) $261,411 (1.8%) 0.00 52
    2021-11-01 $211,238 (32.5%) $295,354 (21.7%) 0.00 46
    2021-12-01 $221,250 (56.1%) $312,129 (27.1%) 0.00 44
    2022-01-01 $225,000 (42.9%) $309,531 (24.7%) 0.00 37
    2022-02-01 $198,000 (44.8%) $294,419 (14.5%) 0.00 44
    2022-03-01 $182,000 (9.4%) $262,719 (-11.7%) 0.00 39
    2022-04-01 $164,950 (3.6%) $236,685 (-13.6%) 0.00 43
    2022-05-01 $177,250 (7.4%) $258,894 (-12.0%) 0.00 53
    2022-06-01 $190,250 (8.2%) $284,905 (-6.8%) 0.00 48
    2022-07-01 $192,000 (5.2%) $267,162 (-7.7%) 0.00 59
    2022-08-01 $192,500 (10.9%) $261,704 (23.3%) 0.00 64
    2022-09-01 $189,500 (7.1%) $281,443 (14.6%) 0.00 58
    2022-10-01 $189,000 (5.1%) $299,001 (14.4%) 0.00 57
    2022-11-01 $173,450 (-17.9%) $255,912 (-13.4%) 0.00 77
    2022-12-01 $169,950 (-23.2%) $248,223 (-20.5%) 0.00 69
    2023-01-01 $172,450 (-23.4%) $241,589 (-22.0%) 0.00 57
    2023-02-01 $176,000 (-11.1%) $237,855 (-19.2%) 0.00 55
    2023-03-01 $182,225 (0.1%) $269,802 (2.7%) 0.00 46
    2023-04-01 $197,000 (19.4%) $284,930 (20.4%) 0.00 44
    2023-05-01 $243,750 (37.5%) $325,403 (25.7%) 0.00 47
    2023-06-01 $236,225 (24.2%) $336,955 (18.3%) 0.00 48
    2023-07-01 $232,450 (21.1%) $310,958 (16.4%) 0.00 53
    2023-08-01 $217,000 (12.7%) $274,322 (4.8%) 0.00 56
    2023-09-01 $201,000 (6.1%) $258,621 (-8.1%) 0.00 58
    2023-10-01 $212,725 (12.6%) $250,842 (-16.1%) 0.00 57
    2023-11-01 $198,000 (14.2%) $236,631 (-7.5%) 0.00 61
    2023-12-01 $199,000 (17.1%) $248,743 (0.2%) 0.00 54
    2024-01-01 $219,725 (27.4%) $258,559 (7.0%) 0.00 55
    2024-02-01 $207,450 (17.9%) $248,633 (4.5%) 0.00 60
    2024-03-01 $210,000 (15.2%) $245,308 (-9.1%) 0.00 60
    2024-04-01 $198,750 (0.9%) $235,804 (-17.2%) 0.00 61
    2024-05-01 $201,225 (-17.5%) $231,767 (-28.8%) 0.00 63
    2024-06-01 $229,250 (-3.0%) $310,973 (-7.7%) 0.00 64
    2024-07-01 $234,975 (1.1%) $334,809 (7.7%) 0.00 77
    2024-08-01 $239,500 (10.4%) $329,672 (20.2%) 0.00 84
    2024-09-01 $230,000 (14.4%) $314,616 (21.7%) 0.00 99
    2024-10-01 $250,750 (17.9%) $334,533 (33.4%) 0.00 94
    Malvern's median listing price for 2024-10-01 was $250,750, a difference of $38,025 (17.9%) versus the prior year and $20,750 versus the prior month.

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

    Malvern's average listing price for 2024-10-01 was $334,533, a difference of $83,691 (33.4%) versus the prior year and $19,917 versus the prior month.

    For the 2024-10-01 period, Malvern had 94 MLS listings, a difference of -5 listings (-5%) versus the prior month and 37 listings (65%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Malvern (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,574 sqft
    2018-02-01 0 days 1,566 sqft
    2018-03-01 0 days 1,570 sqft
    2018-04-01 0 days 1,689 sqft
    2018-05-01 0 days 1,683 sqft
    2018-06-01 0 days 1,771 sqft
    2018-07-01 0 days 1,775 sqft
    2018-08-01 0 days 1,760 sqft
    2018-09-01 0 days 1,770 sqft
    2018-10-01 0 days 1,747 sqft
    2018-11-01 0 days 1,752 sqft
    2018-12-01 0 days 1,681 sqft
    2019-01-01 0 days 1,655 sqft
    2019-02-01 0 days 1,680 sqft
    2019-03-01 0 days 1,605 sqft
    2019-04-01 0 days 1,586 sqft
    2019-05-01 0 days 1,678 sqft
    2019-06-01 0 days 1,681 sqft
    2019-07-01 0 days 1,710 sqft
    2019-08-01 0 days 1,664 sqft
    2019-09-01 0 days 1,664 sqft
    2019-10-01 0 days 1,664 sqft
    2019-11-01 0 days 1,727 sqft
    2019-12-01 0 days 1,699 sqft
    2020-01-01 0 days 1,746 sqft
    2020-02-01 0 days 1,756 sqft
    2020-03-01 0 days 1,811 sqft
    2020-04-01 0 days 1,811 sqft
    2020-05-01 0 days 1,844 sqft
    2020-06-01 0 days 1,821 sqft
    2020-07-01 0 days 1,820 sqft
    2020-08-01 0 days 1,916 sqft
    2020-09-01 0 days 1,890 sqft
    2020-10-01 0 days 2,023 sqft
    2020-11-01 0 days 1,914 sqft
    2020-12-01 0 days 1,792 sqft
    2021-01-01 0 days 1,912 sqft
    2021-02-01 0 days 1,760 sqft
    2021-03-01 0 days 1,780 sqft
    2021-04-01 0 days 1,630 sqft
    2021-05-01 0 days 1,657 sqft
    2021-06-01 0 days 1,642 sqft
    2021-07-01 0 days 1,644 sqft
    2021-08-01 0 days 1,549 sqft
    2021-09-01 0 days 1,600 sqft
    2021-10-01 0 days 1,456 sqft
    2021-11-01 0 days 1,758 sqft
    2021-12-01 0 days 1,792 sqft
    2022-01-01 0 days 2,014 sqft
    2022-02-01 0 days 1,901 sqft
    2022-03-01 0 days 1,798 sqft
    2022-04-01 0 days 1,545 sqft
    2022-05-01 0 days 1,493 sqft
    2022-06-01 0 days 1,575 sqft
    2022-07-01 0 days 1,697 sqft
    2022-08-01 0 days 1,742 sqft
    2022-09-01 0 days 1,780 sqft
    2022-10-01 0 days 1,771 sqft
    2022-11-01 0 days 1,771 sqft
    2022-12-01 0 days 1,778 sqft
    2023-01-01 0 days 1,825 sqft
    2023-02-01 0 days 1,873 sqft
    2023-03-01 0 days 1,912 sqft
    2023-04-01 0 days 1,949 sqft
    2023-05-01 0 days 1,970 sqft
    2023-06-01 0 days 2,059 sqft
    2023-07-01 0 days 1,985 sqft
    2023-08-01 0 days 1,708 sqft
    2023-09-01 0 days 1,691 sqft
    2023-10-01 0 days 1,696 sqft
    2023-11-01 0 days 1,694 sqft
    2023-12-01 0 days 1,700 sqft
    2024-01-01 0 days 1,704 sqft
    2024-02-01 0 days 1,712 sqft
    2024-03-01 0 days 1,729 sqft
    2024-04-01 0 days 1,730 sqft
    2024-05-01 0 days 1,719 sqft
    2024-06-01 0 days 1,756 sqft
    2024-07-01 0 days 1,795 sqft
    2024-08-01 0 days 1,860 sqft
    2024-09-01 0 days 1,845 sqft
    2024-10-01 0 days 1,880 sqft
    Malvern's median listing age (time on market) for 2024-10-01 was 0 days.

    Malvern's median square footage for active listings during the 2024-10-01 period was 1,880 sqft. One year prior, the average listing was 1,696 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.