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 27 lenders originated 73 VA loans during 2021. The total origination value was $13,065,000, with an average VA loan value of $178,973.

    Malvern VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Malvern averaged 6.86% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

    Malvern's average VA mortgage closing costs are $3,895.

    The average rate for the prior week (2022-11-25) was 6.6% and one month ago for the week of 2022-10-28, the average rate was 7.29%.

    The average rate one year ago was 3.67%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.17%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Mortgage Research Center, LLC 11 3.01% $3,294
    QUICKEN LOANS, LLC 8 2.38% $3,350
    PENNYMAC LOAN SERVICES, LLC 5 2.35% $4,349
    USAA Federal Savings Bank 4 2.56% $2,462
    NEW DAY FINANCIAL, LLC 4 2.56% $6,107
    VILLAGE CAPITAL MORTGAGE 3 2.42% $1,306
    FREEDOM MORTGAGE CORPORATION 3 2.54% $1,236
    GMFS LLC 3 2.46% $3,315
    CALIBER HOME LOANS, INC. 2 2.56% $2,649
    The Federal Savings Bank 2 2.56% $6,627
    FirstTrust Home Loans, Inc. 1 3.00% $9,791
    Flanagan State Bank 1 2.25% $1,587
    FLAT BRANCH MORTGAGE, INC. 1 3.00% $9,715
    Barrington Bank & Trust Company, N.A. 1 2.68% $2,011
    Gateway First Bank 1 3.13% $1,535
    Arvest Bank 1 2.75% $3,379
    LOANDEPOT.COM, LLC 1 3.75% $6,345
    CLEARPATH LENDING 1 2.25% $2,724
    NAVY FEDERAL CREDIT UNION 1 2.50% $2,227
    Citizens Bank 1 2.50% $8,168
    Centennial Bank 1 2.25% $14,416
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.25% $2,803
    RELIANCE FIRST CAPITAL, LLC 1 2.63% $3,552
    COMMUNITY MORTGAGE CORPORATION 1 2.75% $1,765
    First Guaranty Mortgage Corporation 1 3.50% $2,525
    Eagle Bank and Trust Company 1 2.88% $1,523
    First Horizon Bank 1 2.50% $2,408

    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 $3,294, which is $56 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 ($3,294), .

    The lowest rate Malvern VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (3.01%), .

    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%) $161,300 (10.1%) 0.00 129
    2018-02-01 $128,725 (17.6%) $167,864 (13.9%) 0.00 133
    2018-03-01 $129,900 (22.9%) $167,298 (15.2%) 0.00 114
    2018-04-01 $139,000 (27.5%) $184,676 (24.1%) 0.00 115
    2018-05-01 $131,925 (15.0%) $184,045 (24.4%) 0.00 117
    2018-06-01 $131,750 (8.7%) $181,167 (18.7%) 0.00 126
    2018-07-01 $136,625 (5.1%) $178,304 (14.8%) 0.00 121
    2018-08-01 $149,250 (8.6%) $167,728 (5.2%) 0.00 117
    2018-09-01 $150,000 (7.7%) $170,620 (6.5%) 0.00 115
    2018-10-01 $144,950 (4.3%) $167,686 (0.3%) 0.00 122
    2018-11-01 $129,225 (-5.8%) $149,894 (-9.0%) 0.00 120
    2018-12-01 $129,175 (-0.6%) $147,785 (-6.9%) 0.00 109
    2019-01-01 $130,825 (2.4%) $146,436 (-9.2%) 0.00 104
    2019-02-01 $140,219 (8.9%) $157,100 (-6.4%) 0.00 95
    2019-03-01 $120,243 (-7.4%) $150,091 (-10.3%) 0.00 95
    2019-04-01 $111,243 (-20.0%) $146,062 (-20.9%) 0.00 94
    2019-05-01 $136,200 (3.2%) $162,588 (-11.7%) 0.00 89
    2019-06-01 $155,000 (17.7%) $170,446 (-5.9%) 0.00 91
    2019-07-01 $149,750 (9.6%) $174,456 (-2.2%) 0.00 83
    2019-08-01 $151,643 (1.6%) $173,111 (3.2%) 0.00 84
    2019-09-01 $154,108 (2.7%) $173,266 (1.6%) 0.00 87
    2019-10-01 $155,189 (7.1%) $173,368 (3.4%) 0.00 88
    2019-11-01 $159,000 (23.0%) $186,126 (24.2%) 0.00 83
    2019-12-01 $157,225 (21.7%) $192,481 (30.2%) 0.00 89
    2020-01-01 $159,600 (22.0%) $197,826 (35.1%) 0.00 92
    2020-02-01 $160,000 (14.1%) $209,419 (33.3%) 0.00 94
    2020-03-01 $192,000 (59.7%) $220,828 (47.1%) 0.00 88
    2020-04-01 $198,750 (78.7%) $232,593 (59.2%) 0.00 80
    2020-05-01 $192,450 (41.3%) $235,962 (45.1%) 0.00 71
    2020-06-01 $190,725 (23.1%) $252,992 (48.4%) 0.00 62
    2020-07-01 $193,625 (29.3%) $250,896 (43.8%) 0.00 64
    2020-08-01 $199,000 (31.2%) $271,253 (56.7%) 0.00 59
    2020-09-01 $164,725 (6.9%) $261,606 (51.0%) 0.00 59
    2020-10-01 $175,000 (12.8%) $256,881 (48.2%) 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 $176,000 (10.3%) $251,305 (27.0%) 0.00 55
    2021-02-01 $136,750 (-14.5%) $258,893 (23.6%) 0.00 47
    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 (27.8%) $309,531 (23.2%) 0.00 37
    2022-02-01 $198,000 (44.8%) $294,419 (13.7%) 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 $183,375 (4.2%) $279,004 (-8.7%) 0.00 47
    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
    Malvern's median listing price for 2022-11-01 was $173,450, a difference of $-37,788 (-17.9%) versus the prior year and $-15,550 versus the prior month.

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

    Malvern's average listing price for 2022-11-01 was $255,912, a difference of $-39,442 (-13.4%) versus the prior year and $-43,089 versus the prior month.

    For the 2022-11-01 period, Malvern had 77 MLS listings, a difference of 20 listings (35%) versus the prior month and 31 listings (67%) 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 1,574 sqft
    2018-03-01 0 days 1,636 sqft
    2018-04-01 0 days 1,692 sqft
    2018-05-01 0 days 1,691 sqft
    2018-06-01 0 days 1,790 sqft
    2018-07-01 0 days 1,775 sqft
    2018-08-01 0 days 1,756 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 1,614 sqft
    2019-04-01 0 days 1,598 sqft
    2019-05-01 0 days 1,671 sqft
    2019-06-01 0 days 1,680 sqft
    2019-07-01 0 days 1,700 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 1,916 sqft
    2021-02-01 0 days 1,779 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 1,907 sqft
    2022-03-01 0 days 1,795 sqft
    2022-04-01 0 days 1,545 sqft
    2022-05-01 0 days 1,493 sqft
    2022-06-01 0 days 1,532 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
    Malvern's median listing age (time on market) for 2022-11-01 was 0 days.

    Malvern's median square footage for active listings during the 2022-11-01 period was 1,771 sqft. One year prior, the average listing was 1,758 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.