Ozark VA Loan Rates, Closing Costs & Stats

Ozark, AL

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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.

    Ozark's 43 lenders originated 190 VA loans during 2023. The total origination value was $43,500,000, with an average VA loan value of $228,947.

    Ozark VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ozark averaged 0.19% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Ozark's average VA mortgage closing costs are $4,517.

    The average rate for the prior week (2024-11-08) was 6.49% 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 -0.1%.

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

    Ozark 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 Ozark level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 49 6.90% $3,999
    ENVOY MORTGAGE, LTD 16 6.04% $9,105
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.40% $5,499
    QUICKEN LOANS, LLC 10 6.26% $6,622
    NAVY FEDERAL CREDIT UNION 9 5.85% $4,631
    PENNYMAC LOAN SERVICES, LLC 9 5.68% $4,246
    MOVEMENT MORTGAGE, LLC 9 6.61% $5,801
    UNITED WHOLESALE MORTGAGE, LLC 8 6.14% $5,568
    NEW DAY FINANCIAL, LLC 4 7.71% $11,545
    Renasant Bank 4 6.25% $9,217
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.25% $3,409
    Wells Fargo Bank 3 6.13% $3,704
    FREEDOM MORTGAGE CORPORATION 3 6.92% $7,928
    Tyndall Federal Credit Union 2 6.94% $8,864
    NEWREZ LLC 2 6.69% $6,736
    Plains Commerce Bank 2 7.19% $6,773
    USAA Federal Savings Bank 2 6.31% $8,300
    CROSSCOUNTRY MORTGAGE, LLC 2 6.75% $7,414
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $10,348
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $16,061
    INTERLINC MORTGAGE SERVICES, LLC 2 6.88% $6,406
    Barrington Bank & Trust Company, N.A. 2 6.75% $6,753
    First Federal Bank 2 6.38% $6,643
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $13,991
    Armed Forces Bank 1 5.75% $6,128
    Bank of England 1 6.75% $3,018
    CARDINAL FINANCIAL 1 6.63% $5,823
    FirstBank 1 6.00% $11,883
    Flagstar Bank, FSB 1 5.56% $20,340
    GUARANTEED RATE, INC. 1 5.75% $8,599
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.25% $4,600
    HOMESIDE FINANCIAL, LLC 1 8.25% $10,880
    MORTGAGE INVESTORS GROUP, INC. 1 6.49% $3,898
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.50% $5,077
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $3,111
    ServisFirst Bank 1 5.50% $7,171
    STOCKTON MORTGAGE CORPORATION 1 8.00% $4,810
    SUMMIT FUNDING, INC. 1 8.13% $5,976
    The Central Trust Bank 1 6.50% $8,156
    TJC Mortgage, Inc. 1 6.50% $9,214
    Trustmark National Bank 1 6.00% $3,537
    UNION HOME MORTGAGE CORP. 1 7.25% $4,421
    Waterstone Mortgage Corporation 1 6.13% $15,556

    The top Ozark VA lender as defined by loan originations is Mortgage Research Center, LLC, with 49 VA loans originated. Their average total fees are $3,999, which is $5,106 lower than the next largest lender, ENVOY MORTGAGE, LTD.

    The lowest fee Ozark VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,999), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,499), QUICKEN LOANS, LLC ($6,622), ENVOY MORTGAGE, LTD ($9,105) and .

    The lowest rate Ozark VA lenders (with over 10 loans originated) are ENVOY MORTGAGE, LTD (6.04%), QUICKEN LOANS, LLC (6.26%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.40%), Mortgage Research Center, LLC (6.90%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ozark (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 $124,825 (4.0%) $151,579 (3.9%) 0.00 215
    2018-02-01 $119,900 (-3.9%) $156,098 (1.3%) 0.00 227
    2018-03-01 $124,500 (-11.1%) $158,086 (-1.0%) 0.00 219
    2018-04-01 $125,950 (-10.0%) $155,264 (-4.0%) 0.00 237
    2018-05-01 $132,125 (-2.1%) $160,441 (5.2%) 0.00 273
    2018-06-01 $135,000 (5.7%) $160,623 (6.1%) 0.00 235
    2018-07-01 $134,350 (4.0%) $161,450 (5.2%) 0.00 237
    2018-08-01 $127,325 (3.1%) $164,349 (11.7%) 0.00 233
    2018-09-01 $125,000 (0.1%) $157,409 (7.4%) 0.00 233
    2018-10-01 $127,000 (5.9%) $158,084 (5.6%) 0.00 241
    2018-11-01 $119,700 (-0.2%) $150,862 (0.1%) 0.00 237
    2018-12-01 $119,900 (0.0%) $150,579 (0.8%) 0.00 242
    2019-01-01 $118,950 (-4.7%) $140,903 (-7.0%) 0.00 241
    2019-02-01 $119,225 (-0.6%) $141,905 (-9.1%) 0.00 231
    2019-03-01 $125,943 (1.2%) $153,395 (-3.0%) 0.00 209
    2019-04-01 $135,750 (7.8%) $165,778 (6.8%) 0.00 190
    2019-05-01 $132,900 (0.6%) $167,308 (4.3%) 0.00 182
    2019-06-01 $132,900 (-1.6%) $167,839 (4.5%) 0.00 198
    2019-07-01 $134,424 (0.1%) $173,446 (7.4%) 0.00 184
    2019-08-01 $132,755 (4.3%) $176,730 (7.5%) 0.00 181
    2019-09-01 $131,036 (4.8%) $174,272 (10.7%) 0.00 186
    2019-10-01 $129,800 (2.2%) $174,090 (10.1%) 0.00 187
    2019-11-01 $129,500 (8.2%) $176,650 (17.1%) 0.00 181
    2019-12-01 $130,850 (9.1%) $175,667 (16.7%) 0.00 167
    2020-01-01 $138,975 (16.8%) $181,011 (28.5%) 0.00 159
    2020-02-01 $139,700 (17.2%) $175,239 (23.5%) 0.00 163
    2020-03-01 $140,725 (11.7%) $183,104 (19.4%) 0.00 157
    2020-04-01 $147,500 (8.7%) $185,348 (11.8%) 0.00 151
    2020-05-01 $148,950 (12.1%) $180,750 (8.0%) 0.00 133
    2020-06-01 $146,175 (10.0%) $186,200 (10.9%) 0.00 125
    2020-07-01 $131,500 (-2.2%) $177,927 (2.6%) 0.00 112
    2020-08-01 $149,900 (12.9%) $187,707 (6.2%) 0.00 112
    2020-09-01 $149,225 (13.9%) $194,843 (11.8%) 0.00 100
    2020-10-01 $156,250 (20.4%) $199,265 (14.5%) 0.00 92
    2020-11-01 $147,175 (13.7%) $186,755 (5.7%) 0.00 83
    2020-12-01 $145,600 (11.3%) $180,080 (2.5%) 0.00 79
    2021-01-01 $149,900 (7.9%) $164,781 (-9.0%) 0.00 69
    2021-02-01 $154,075 (10.3%) $177,159 (1.1%) 0.00 67
    2021-03-01 $155,000 (10.1%) $192,814 (5.3%) 0.00 62
    2021-04-01 $162,750 (10.3%) $200,871 (8.4%) 0.00 66
    2021-05-01 $168,000 (12.8%) $226,343 (25.2%) 0.00 59
    2021-06-01 $164,625 (12.6%) $253,937 (36.4%) 0.00 49
    2021-07-01 $159,950 (21.6%) $265,901 (49.4%) 0.00 56
    2021-08-01 $148,875 (-0.7%) $233,153 (24.2%) 0.00 65
    2021-09-01 $142,500 (-4.5%) $216,679 (11.2%) 0.00 63
    2021-10-01 $140,500 (-10.1%) $192,488 (-3.4%) 0.00 60
    2021-11-01 $151,375 (2.9%) $207,048 (10.9%) 0.00 50
    2021-12-01 $166,000 (14.0%) $190,670 (5.9%) 0.00 45
    2022-01-01 $142,500 (-4.9%) $182,452 (10.7%) 0.00 49
    2022-02-01 $139,700 (-9.3%) $185,884 (4.9%) 0.00 46
    2022-03-01 $141,250 (-8.9%) $200,329 (3.9%) 0.00 39
    2022-04-01 $175,000 (7.5%) $213,392 (6.2%) 0.00 47
    2022-05-01 $167,225 (-0.5%) $220,358 (-2.6%) 0.00 54
    2022-06-01 $179,900 (9.3%) $225,733 (-11.1%) 0.00 63
    2022-07-01 $184,500 (15.4%) $249,534 (-6.2%) 0.00 64
    2022-08-01 $187,000 (25.6%) $234,868 (0.7%) 0.00 77
    2022-09-01 $159,250 (11.8%) $208,861 (-3.6%) 0.00 77
    2022-10-01 $175,000 (24.6%) $219,134 (13.8%) 0.00 89
    2022-11-01 $196,575 (29.9%) $233,590 (12.8%) 0.00 78
    2022-12-01 $199,900 (20.4%) $235,286 (23.4%) 0.00 69
    2023-01-01 $214,400 (50.5%) $250,677 (37.4%) 0.00 63
    2023-02-01 $195,000 (39.6%) $240,489 (29.4%) 0.00 52
    2023-03-01 $170,000 (20.4%) $239,577 (19.6%) 0.00 47
    2023-04-01 $220,000 (25.7%) $264,428 (23.9%) 0.00 49
    2023-05-01 $229,950 (37.5%) $285,627 (29.6%) 0.00 55
    2023-06-01 $222,900 (23.9%) $293,469 (30.0%) 0.00 60
    2023-07-01 $225,000 (22.0%) $291,878 (17.0%) 0.00 59
    2023-08-01 $212,300 (13.5%) $267,958 (14.1%) 0.00 61
    2023-09-01 $185,000 (16.2%) $240,556 (15.2%) 0.00 70
    2023-10-01 $193,500 (10.6%) $240,792 (9.9%) 0.00 80
    2023-11-01 $179,450 (-8.7%) $235,394 (0.8%) 0.00 84
    2023-12-01 $182,000 (-9.0%) $223,854 (-4.9%) 0.00 86
    2024-01-01 $170,725 (-20.4%) $215,768 (-13.9%) 0.00 84
    2024-02-01 $180,450 (-7.5%) $219,913 (-8.6%) 0.00 84
    2024-03-01 $192,400 (13.2%) $242,313 (1.1%) 0.00 97
    2024-04-01 $191,250 (-13.1%) $243,239 (-8.0%) 0.00 91
    2024-05-01 $199,700 (-13.2%) $238,475 (-16.5%) 0.00 102
    2024-06-01 $195,500 (-12.3%) $235,869 (-19.6%) 0.00 104
    2024-07-01 $222,975 (-0.9%) $254,596 (-12.8%) 0.00 112
    2024-08-01 $237,450 (11.9%) $264,335 (-1.4%) 0.00 119
    2024-09-01 $239,900 (29.7%) $266,940 (11.0%) 0.00 132
    2024-10-01 $236,175 (22.1%) $255,250 (6.0%) 0.00 138
    Ozark's median listing price for 2024-10-01 was $236,175, a difference of $42,675 (22.1%) versus the prior year and $-3,725 versus the prior month.

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

    Ozark's average listing price for 2024-10-01 was $255,250, a difference of $14,458 (6.0%) versus the prior year and $-11,690 versus the prior month.

    For the 2024-10-01 period, Ozark had 138 MLS listings, a difference of 6 listings (5%) versus the prior month and 58 listings (73%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ozark (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,690 sqft
    2018-02-01 0 days 1,668 sqft
    2018-03-01 0 days 1,687 sqft
    2018-04-01 0 days 1,684 sqft
    2018-05-01 0 days 1,743 sqft
    2018-06-01 0 days 1,736 sqft
    2018-07-01 0 days 1,767 sqft
    2018-08-01 0 days 1,793 sqft
    2018-09-01 0 days 1,769 sqft
    2018-10-01 0 days 1,758 sqft
    2018-11-01 0 days 1,692 sqft
    2018-12-01 0 days 1,661 sqft
    2019-01-01 0 days 1,615 sqft
    2019-02-01 0 days 1,620 sqft
    2019-03-01 0 days 1,681 sqft
    2019-04-01 0 days 1,750 sqft
    2019-05-01 0 days 1,758 sqft
    2019-06-01 0 days 1,744 sqft
    2019-07-01 0 days 1,751 sqft
    2019-08-01 0 days 1,759 sqft
    2019-09-01 0 days 1,782 sqft
    2019-10-01 0 days 1,773 sqft
    2019-11-01 0 days 1,704 sqft
    2019-12-01 0 days 1,734 sqft
    2020-01-01 0 days 1,735 sqft
    2020-02-01 0 days 1,739 sqft
    2020-03-01 0 days 1,776 sqft
    2020-04-01 0 days 1,814 sqft
    2020-05-01 0 days 1,730 sqft
    2020-06-01 0 days 1,719 sqft
    2020-07-01 0 days 1,700 sqft
    2020-08-01 0 days 1,820 sqft
    2020-09-01 0 days 1,760 sqft
    2020-10-01 0 days 1,848 sqft
    2020-11-01 0 days 1,764 sqft
    2020-12-01 0 days 1,750 sqft
    2021-01-01 0 days 1,764 sqft
    2021-02-01 0 days 1,757 sqft
    2021-03-01 0 days 1,704 sqft
    2021-04-01 0 days 1,727 sqft
    2021-05-01 0 days 1,820 sqft
    2021-06-01 0 days 1,891 sqft
    2021-07-01 0 days 1,794 sqft
    2021-08-01 0 days 1,686 sqft
    2021-09-01 0 days 1,648 sqft
    2021-10-01 0 days 1,614 sqft
    2021-11-01 0 days 1,682 sqft
    2021-12-01 0 days 1,632 sqft
    2022-01-01 0 days 1,592 sqft
    2022-02-01 0 days 1,555 sqft
    2022-03-01 0 days 1,586 sqft
    2022-04-01 0 days 1,739 sqft
    2022-05-01 0 days 1,604 sqft
    2022-06-01 0 days 1,703 sqft
    2022-07-01 0 days 2,000 sqft
    2022-08-01 0 days 1,845 sqft
    2022-09-01 0 days 1,638 sqft
    2022-10-01 0 days 1,666 sqft
    2022-11-01 0 days 1,792 sqft
    2022-12-01 0 days 1,765 sqft
    2023-01-01 0 days 1,963 sqft
    2023-02-01 0 days 1,925 sqft
    2023-03-01 0 days 1,971 sqft
    2023-04-01 0 days 2,154 sqft
    2023-05-01 0 days 2,232 sqft
    2023-06-01 0 days 2,192 sqft
    2023-07-01 0 days 2,118 sqft
    2023-08-01 0 days 1,995 sqft
    2023-09-01 0 days 1,707 sqft
    2023-10-01 0 days 1,745 sqft
    2023-11-01 0 days 1,703 sqft
    2023-12-01 0 days 1,729 sqft
    2024-01-01 0 days 1,707 sqft
    2024-02-01 0 days 1,671 sqft
    2024-03-01 0 days 1,766 sqft
    2024-04-01 0 days 1,736 sqft
    2024-05-01 0 days 1,712 sqft
    2024-06-01 0 days 1,725 sqft
    2024-07-01 0 days 1,847 sqft
    2024-08-01 0 days 1,870 sqft
    2024-09-01 0 days 1,825 sqft
    2024-10-01 0 days 1,739 sqft
    Ozark's median listing age (time on market) for 2024-10-01 was 0 days.

    Ozark's median square footage for active listings during the 2024-10-01 period was 1,739 sqft. One year prior, the average listing was 1,745 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.