Mountain Home VA Loan Rates, Closing Costs & Stats

Mountain Home, 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.

    Mountain Home's 18 lenders originated 73 VA loans during 2023. The total origination value was $16,415,000, with an average VA loan value of $224,863.

    Mountain Home VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Mountain Home averaged 6.88% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Mountain Home's average VA mortgage closing costs are $3,827.

    The average rate for the prior week (2024-04-12) was 6.81% and one month ago for the week of 2024-03-15, the average rate was 6.67%.

    The average rate one year ago was 6.46%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Mountain Home 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 Mountain Home level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 4 6.37% $6,077
    NEW DAY FINANCIAL, LLC 3 7.74% $11,185
    Mortgage Research Center, LLC 3 6.50% $788
    DAS Acquisition Company, LLC 2 7.19% $0
    NAVY FEDERAL CREDIT UNION 2 5.75% $781
    First Security Bank 2 6.44% $1,939
    MOVEMENT MORTGAGE, LLC 1 6.75% $5,704
    NETWORK CAPITAL FUNDING CORPORATION 1 6.75% $5,470
    NEWREZ LLC 1 8.13% $12,243
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $7,014
    Plains Commerce Bank 1 5.88% $9,793
    Bank of England 1 4.88% $9,214
    UNITED WHOLESALE MORTGAGE, LLC 1 6.13% $11,389
    CMG MORTGAGE, INC. 1 7.25% $3,345
    Equity Prime Mortgage LLC 1 7.25% $5,102
    Fidelity Bank 1 7.25% $2,344
    FREEDOM MORTGAGE CORPORATION 1 5.50% $9,862
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.38% $6,817

    The top Mountain Home VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 4 VA loans originated. Their average total fees are $6,077, which is $5,108 lower than the next largest lender, NEW DAY FINANCIAL, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mountain Home (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 $159,900 (6.7%) $234,551 (10.6%) 0.00 330
    2018-02-01 $157,150 (4.8%) $232,881 (9.0%) 0.00 324
    2018-03-01 $169,900 (6.4%) $240,321 (11.8%) 0.00 331
    2018-04-01 $169,700 (2.4%) $233,483 (4.6%) 0.00 348
    2018-05-01 $170,925 (4.0%) $237,542 (6.6%) 0.00 348
    2018-06-01 $175,500 (9.8%) $248,244 (12.2%) 0.00 351
    2018-07-01 $179,500 (14.0%) $255,019 (17.8%) 0.00 361
    2018-08-01 $182,100 (14.1%) $258,674 (18.6%) 0.00 359
    2018-09-01 $186,250 (13.0%) $261,805 (19.6%) 0.00 358
    2018-10-01 $189,000 (14.6%) $262,421 (19.7%) 0.00 356
    2018-11-01 $189,600 (17.5%) $268,183 (20.1%) 0.00 350
    2018-12-01 $187,500 (14.8%) $264,151 (14.5%) 0.00 317
    2019-01-01 $184,800 (15.6%) $260,864 (11.2%) 0.00 310
    2019-02-01 $189,900 (20.8%) $264,999 (13.8%) 0.00 314
    2019-03-01 $196,371 (15.6%) $270,241 (12.5%) 0.00 308
    2019-04-01 $202,546 (19.4%) $276,177 (18.3%) 0.00 301
    2019-05-01 $195,750 (14.5%) $276,860 (16.6%) 0.00 301
    2019-06-01 $199,000 (13.4%) $282,039 (13.6%) 0.00 304
    2019-07-01 $195,950 (9.2%) $291,396 (14.3%) 0.00 307
    2019-08-01 $194,336 (6.7%) $292,228 (13.0%) 0.00 295
    2019-09-01 $191,841 (3.0%) $286,624 (9.5%) 0.00 295
    2019-10-01 $192,727 (2.0%) $285,862 (8.9%) 0.00 292
    2019-11-01 $195,000 (2.9%) $279,988 (4.4%) 0.00 268
    2019-12-01 $189,900 (1.3%) $282,251 (6.9%) 0.00 249
    2020-01-01 $196,975 (6.6%) $290,339 (11.3%) 0.00 244
    2020-02-01 $199,900 (5.3%) $295,141 (11.4%) 0.00 236
    2020-03-01 $220,950 (12.5%) $305,762 (13.1%) 0.00 230
    2020-04-01 $211,174 (4.3%) $302,045 (9.4%) 0.00 227
    2020-05-01 $229,948 (17.5%) $318,332 (15.0%) 0.00 200
    2020-06-01 $235,425 (18.3%) $321,883 (14.1%) 0.00 184
    2020-07-01 $237,650 (21.3%) $334,631 (14.8%) 0.00 175
    2020-08-01 $244,900 (26.0%) $331,898 (13.6%) 0.00 165
    2020-09-01 $242,450 (26.4%) $342,354 (19.4%) 0.00 156
    2020-10-01 $246,200 (27.8%) $343,982 (20.3%) 0.00 152
    2020-11-01 $238,675 (22.4%) $349,438 (24.8%) 0.00 146
    2020-12-01 $246,175 (29.6%) $355,998 (26.1%) 0.00 148
    2021-01-01 $269,900 (37.0%) $389,894 (34.3%) 0.00 121
    2021-02-01 $269,450 (34.8%) $389,921 (32.1%) 0.00 108
    2021-03-01 $259,900 (17.6%) $383,817 (25.5%) 0.00 95
    2021-04-01 $296,875 (40.6%) $428,307 (41.8%) 0.00 73
    2021-05-01 $243,700 (6.0%) $360,668 (13.3%) 0.00 71
    2021-06-01 $232,425 (-1.3%) $373,770 (16.1%) 0.00 77
    2021-07-01 $229,900 (-3.3%) $359,008 (7.3%) 0.00 95
    2021-08-01 $249,900 (2.0%) $367,651 (10.8%) 0.00 98
    2021-09-01 $261,475 (7.9%) $386,408 (12.9%) 0.00 122
    2021-10-01 $259,900 (5.6%) $394,806 (14.8%) 0.00 129
    2021-11-01 $245,875 (3.0%) $370,099 (5.9%) 0.00 128
    2021-12-01 $218,950 (-11.1%) $356,350 (0.1%) 0.00 110
    2022-01-01 $212,450 (-21.3%) $371,660 (-4.7%) 0.00 105
    2022-02-01 $232,450 (-13.7%) $395,690 (1.5%) 0.00 106
    2022-03-01 $249,450 (-4.0%) $430,767 (12.2%) 0.00 96
    2022-04-01 $249,900 (-15.8%) $423,226 (-1.2%) 0.00 99
    2022-05-01 $257,975 (5.9%) $413,500 (14.7%) 0.00 112
    2022-06-01 $261,950 (12.7%) $418,193 (11.9%) 0.00 118
    2022-07-01 $264,900 (15.2%) $391,825 (9.1%) 0.00 129
    2022-08-01 $272,525 (9.1%) $389,492 (5.9%) 0.00 140
    2022-09-01 $257,325 (-1.6%) $387,716 (0.3%) 0.00 137
    2022-10-01 $250,000 (-3.8%) $374,381 (-5.2%) 0.00 150
    2022-11-01 $255,000 (3.7%) $375,030 (1.3%) 0.00 157
    2022-12-01 $271,250 (23.9%) $388,534 (9.0%) 0.00 133
    2023-01-01 $282,325 (32.9%) $391,639 (5.4%) 0.00 135
    2023-02-01 $279,975 (20.5%) $393,357 (-0.6%) 0.00 123
    2023-03-01 $246,125 (-1.3%) $374,786 (-13.0%) 0.00 123
    2023-04-01 $249,000 (-0.4%) $349,742 (-17.4%) 0.00 114
    2023-05-01 $264,900 (2.7%) $378,714 (-8.4%) 0.00 116
    2023-06-01 $268,725 (2.6%) $375,259 (-10.3%) 0.00 121
    2023-07-01 $260,000 (-1.9%) $361,406 (-7.8%) 0.00 129
    2023-08-01 $272,425 (0.0%) $366,280 (-6.0%) 0.00 155
    2023-09-01 $299,900 (16.6%) $411,439 (6.1%) 0.00 164
    2023-10-01 $289,900 (16.0%) $398,255 (6.4%) 0.00 177
    2023-11-01 $277,400 (8.8%) $370,710 (-1.2%) 0.00 201
    2023-12-01 $274,900 (1.4%) $374,298 (-3.7%) 0.00 210
    2024-01-01 $279,900 (-0.9%) $389,489 (-0.6%) 0.00 202
    2024-02-01 $267,450 (-4.5%) $380,903 (-3.2%) 0.00 196
    2024-03-01 $272,900 (10.9%) $401,688 (7.2%) 0.00 185
    Mountain Home's median listing price for 2024-03-01 was $272,900, a difference of $26,775 (10.9%) versus the prior year and $5,450 versus the prior month.

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

    Mountain Home's average listing price for 2024-03-01 was $401,688, a difference of $26,902 (7.2%) versus the prior year and $20,785 versus the prior month.

    For the 2024-03-01 period, Mountain Home had 185 MLS listings, a difference of -11 listings (-6%) versus the prior month and 62 listings (50%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mountain Home (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,746 sqft
    2018-02-01 0 days 1,743 sqft
    2018-03-01 0 days 1,765 sqft
    2018-04-01 0 days 1,762 sqft
    2018-05-01 0 days 1,761 sqft
    2018-06-01 0 days 1,765 sqft
    2018-07-01 0 days 1,776 sqft
    2018-08-01 0 days 1,807 sqft
    2018-09-01 0 days 1,847 sqft
    2018-10-01 0 days 1,837 sqft
    2018-11-01 0 days 1,826 sqft
    2018-12-01 0 days 1,821 sqft
    2019-01-01 0 days 1,808 sqft
    2019-02-01 0 days 1,841 sqft
    2019-03-01 0 days 1,848 sqft
    2019-04-01 0 days 1,864 sqft
    2019-05-01 0 days 1,787 sqft
    2019-06-01 0 days 1,840 sqft
    2019-07-01 0 days 1,834 sqft
    2019-08-01 0 days 1,851 sqft
    2019-09-01 0 days 1,823 sqft
    2019-10-01 0 days 1,804 sqft
    2019-11-01 0 days 1,810 sqft
    2019-12-01 0 days 1,801 sqft
    2020-01-01 0 days 1,810 sqft
    2020-02-01 0 days 1,900 sqft
    2020-03-01 0 days 1,900 sqft
    2020-04-01 0 days 1,900 sqft
    2020-05-01 0 days 1,900 sqft
    2020-06-01 0 days 2,040 sqft
    2020-07-01 0 days 2,180 sqft
    2020-08-01 0 days 2,250 sqft
    2020-09-01 0 days 2,250 sqft
    2020-10-01 0 days 2,250 sqft
    2020-11-01 0 days 2,250 sqft
    2020-12-01 0 days 2,250 sqft
    2021-01-01 0 days 2,060 sqft
    2021-02-01 0 days 2,060 sqft
    2021-03-01 0 days 2,064 sqft
    2021-04-01 0 days 2,100 sqft
    2021-05-01 0 days 2,060 sqft
    2021-06-01 0 days 1,948 sqft
    2021-07-01 0 days 1,971 sqft
    2021-08-01 0 days 1,839 sqft
    2021-09-01 0 days 1,989 sqft
    2021-10-01 0 days 1,855 sqft
    2021-11-01 0 days 1,822 sqft
    2021-12-01 0 days 1,773 sqft
    2022-01-01 0 days 1,741 sqft
    2022-02-01 0 days 1,937 sqft
    2022-03-01 0 days 1,978 sqft
    2022-04-01 0 days 1,895 sqft
    2022-05-01 0 days 1,957 sqft
    2022-06-01 0 days 1,810 sqft
    2022-07-01 0 days 1,783 sqft
    2022-08-01 0 days 1,907 sqft
    2022-09-01 0 days 1,848 sqft
    2022-10-01 0 days 1,848 sqft
    2022-11-01 0 days 1,880 sqft
    2022-12-01 0 days 1,825 sqft
    2023-01-01 0 days 1,809 sqft
    2023-02-01 0 days 1,750 sqft
    2023-03-01 0 days 1,695 sqft
    2023-04-01 0 days 1,700 sqft
    2023-05-01 0 days 1,737 sqft
    2023-06-01 0 days 1,735 sqft
    2023-07-01 0 days 1,728 sqft
    2023-08-01 0 days 1,802 sqft
    2023-09-01 0 days 1,911 sqft
    2023-10-01 0 days 1,825 sqft
    2023-11-01 0 days 1,741 sqft
    2023-12-01 0 days 1,701 sqft
    2024-01-01 0 days 1,734 sqft
    2024-02-01 0 days 1,728 sqft
    2024-03-01 0 days 1,716 sqft
    Mountain Home's median listing age (time on market) for 2024-03-01 was 0 days.

    Mountain Home's median square footage for active listings during the 2024-03-01 period was 1,716 sqft. One year prior, the average listing was 1,695 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.