Mountain Home VA Loan Rates, Closing Costs & Stats
Mountain Home, AR
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
6.76%
for the week of 2024-11-08, compared to the national average (all VA variants) of
6.34% for the same period.
Mountain Home's average VA mortgage closing costs are $3,827.
The average rate for the prior week (2024-11-01) was
6.71% and
one month ago for the week of 2024-10-04, the
average rate was 6.04%.
The average rate one year ago was 7.5%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.34%.
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
.