Paragould VA Loan Rates, Closing Costs & Stats

Paragould, 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.

    Paragould's 23 lenders originated 50 VA loans during 2023. The total origination value was $11,630,000, with an average VA loan value of $232,600.

    Paragould VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Paragould averaged 6.93% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

    Paragould's average VA mortgage closing costs are $4,310.

    The average rate for the prior week (2024-06-07) was 6.7% and one month ago for the week of 2024-05-10, the average rate was 6.82%.

    The average rate one year ago was 6.85%.

    For refis of the same type during the week of 2024-06-14, the average rate was 6.42%.

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

    Paragould 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 Paragould level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 15 6.76% $4,753
    QUICKEN LOANS, LLC 4 6.34% $7,525
    First Financial Bank 4 6.13% $4,981
    DAS Acquisition Company, LLC 4 7.16% $4,553
    MORTGAGE INVESTORS GROUP, INC. 3 6.63% $4,555
    FREEDOM MORTGAGE CORPORATION 2 6.75% $7,725
    LOANDEPOT.COM, LLC 2 6.62% $6,089
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $6,899
    Midwest Mortgage Associates Corporation 1 6.13% $5,271
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    Nations Lending Corporation 1 6.25% $533
    NAVY FEDERAL CREDIT UNION 1 6.63% $1,985
    NEW DAY FINANCIAL, LLC 1 7.38% $14,668
    Regions Bank 1 5.75% $3,250
    Signature Bank of Arkansas 1 7.25% $12,637
    BancorpSouth 1 6.63% $2,741
    UNITED WHOLESALE MORTGAGE, LLC 1 5.13% $5,223
    Bank of England 1 6.13% $3,508
    BROKER SOLUTIONS, INC. 1 6.25% $14,729
    Eagle Bank and Trust Company 1 5.75% $7,171
    EVERETT FINANCIAL, INC. 1 6.38% $1,828
    First Community Bank 1 6.50% $5,708
    GMFS LLC 1 7.25% $9,686

    The top Paragould VA lender as defined by loan originations is Mortgage Research Center, LLC, with 15 VA loans originated. Their average total fees are $4,753, which is $2,772 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Paragould VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,753), .

    The lowest rate Paragould VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.76%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Paragould (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 $132,150 (-7.3%) $157,146 (-9.1%) 0.00 158
    2018-02-01 $142,950 (4.0%) $157,252 (-8.3%) 0.00 150
    2018-03-01 $154,900 (9.7%) $169,295 (-3.9%) 0.00 141
    2018-04-01 $155,650 (9.4%) $166,798 (-8.7%) 0.00 135
    2018-05-01 $146,200 (1.2%) $162,123 (-11.4%) 0.00 150
    2018-06-01 $143,700 (2.7%) $168,519 (-3.5%) 0.00 162
    2018-07-01 $155,650 (11.3%) $172,074 (-0.6%) 0.00 170
    2018-08-01 $159,450 (17.3%) $186,364 (13.5%) 0.00 150
    2018-09-01 $159,900 (23.6%) $196,079 (28.9%) 0.00 143
    2018-10-01 $161,150 (24.5%) $197,683 (30.0%) 0.00 138
    2018-11-01 $162,975 (26.0%) $188,150 (23.2%) 0.00 142
    2018-12-01 $149,900 (15.8%) $166,003 (7.0%) 0.00 149
    2019-01-01 $151,050 (14.3%) $164,061 (4.4%) 0.00 152
    2019-02-01 $154,400 (8.0%) $166,286 (5.7%) 0.00 157
    2019-03-01 $152,707 (-1.4%) $162,069 (-4.3%) 0.00 152
    2019-04-01 $147,232 (-5.4%) $156,783 (-6.0%) 0.00 144
    2019-05-01 $158,450 (8.4%) $174,931 (7.9%) 0.00 147
    2019-06-01 $162,700 (13.2%) $186,286 (10.5%) 0.00 149
    2019-07-01 $155,200 (-0.3%) $179,841 (4.5%) 0.00 169
    2019-08-01 $151,155 (-5.2%) $175,671 (-5.7%) 0.00 176
    2019-09-01 $147,636 (-7.7%) $171,210 (-12.7%) 0.00 176
    2019-10-01 $147,591 (-8.4%) $169,694 (-14.2%) 0.00 176
    2019-11-01 $157,900 (-3.1%) $181,497 (-3.5%) 0.00 161
    2019-12-01 $155,200 (3.5%) $181,229 (9.2%) 0.00 145
    2020-01-01 $157,725 (4.4%) $182,518 (11.3%) 0.00 134
    2020-02-01 $170,950 (10.7%) $182,553 (9.8%) 0.00 135
    2020-03-01 $175,225 (14.8%) $187,060 (15.4%) 0.00 138
    2020-04-01 $181,150 (23.0%) $193,652 (23.5%) 0.00 127
    2020-05-01 $174,950 (10.4%) $187,656 (7.3%) 0.00 128
    2020-06-01 $154,900 (-4.8%) $177,722 (-4.6%) 0.00 94
    2020-07-01 $164,900 (6.3%) $183,003 (1.8%) 0.00 95
    2020-08-01 $169,900 (12.4%) $195,907 (11.5%) 0.00 76
    2020-09-01 $176,200 (19.4%) $218,137 (27.4%) 0.00 77
    2020-10-01 $140,000 (-5.1%) $183,491 (8.1%) 0.00 95
    2020-11-01 $151,150 (-4.3%) $191,215 (5.4%) 0.00 96
    2020-12-01 $159,900 (3.0%) $194,573 (7.4%) 0.00 95
    2021-01-01 $157,900 (0.1%) $183,784 (0.7%) 0.00 105
    2021-02-01 $129,900 (-24.0%) $171,282 (-6.2%) 0.00 104
    2021-03-01 $109,750 (-37.4%) $180,994 (-3.2%) 0.00 101
    2021-04-01 $128,720 (-28.9%) $188,548 (-2.6%) 0.00 98
    2021-05-01 $121,950 (-30.3%) $178,669 (-4.8%) 0.00 89
    2021-06-01 $134,300 (-13.3%) $178,253 (0.3%) 0.00 95
    2021-07-01 $120,450 (-27.0%) $159,400 (-12.9%) 0.00 100
    2021-08-01 $126,800 (-25.4%) $163,909 (-16.3%) 0.00 100
    2021-09-01 $119,425 (-32.2%) $174,672 (-19.9%) 0.00 99
    2021-10-01 $124,900 (-10.8%) $182,432 (-0.6%) 0.00 94
    2021-11-01 $139,000 (-8.0%) $189,265 (-1.0%) 0.00 80
    2021-12-01 $138,000 (-13.7%) $192,006 (-1.3%) 0.00 83
    2022-01-01 $187,400 (18.7%) $223,359 (21.5%) 0.00 73
    2022-02-01 $204,900 (57.7%) $251,608 (46.9%) 0.00 62
    2022-03-01 $195,000 (77.7%) $229,768 (27.0%) 0.00 63
    2022-04-01 $204,900 (59.2%) $239,596 (27.1%) 0.00 53
    2022-05-01 $199,675 (63.7%) $241,352 (35.1%) 0.00 74
    2022-06-01 $199,900 (48.9%) $212,792 (19.4%) 0.00 82
    2022-07-01 $194,950 (61.9%) $215,330 (35.1%) 0.00 98
    2022-08-01 $192,675 (52.0%) $214,905 (31.1%) 0.00 104
    2022-09-01 $185,975 (55.7%) $214,448 (22.8%) 0.00 105
    2022-10-01 $189,000 (51.3%) $219,618 (20.4%) 0.00 109
    2022-11-01 $199,925 (43.8%) $238,045 (25.8%) 0.00 102
    2022-12-01 $197,000 (42.8%) $235,623 (22.7%) 0.00 95
    2023-01-01 $182,400 (-2.7%) $226,200 (1.3%) 0.00 84
    2023-02-01 $199,575 (-2.6%) $231,234 (-8.1%) 0.00 89
    2023-03-01 $231,200 (18.6%) $247,991 (7.9%) 0.00 90
    2023-04-01 $243,450 (18.8%) $268,445 (12.0%) 0.00 93
    2023-05-01 $243,725 (22.1%) $269,853 (11.8%) 0.00 82
    2023-06-01 $238,475 (19.3%) $259,052 (21.7%) 0.00 96
    2023-07-01 $240,950 (23.6%) $251,434 (16.8%) 0.00 101
    2023-08-01 $245,950 (27.7%) $265,156 (23.4%) 0.00 105
    2023-09-01 $237,900 (27.9%) $250,453 (16.8%) 0.00 99
    2023-10-01 $219,725 (16.3%) $234,696 (6.9%) 0.00 103
    2023-11-01 $209,900 (5.0%) $228,555 (-4.0%) 0.00 112
    2023-12-01 $204,900 (4.0%) $224,433 (-4.8%) 0.00 112
    2024-01-01 $199,250 (9.2%) $220,432 (-2.6%) 0.00 116
    2024-02-01 $199,900 (0.2%) $221,276 (-4.3%) 0.00 112
    2024-03-01 $199,900 (-13.5%) $225,177 (-9.2%) 0.00 115
    2024-04-01 $199,675 (-18.0%) $230,871 (-14.0%) 0.00 114
    2024-05-01 $207,450 (-14.9%) $258,914 (-4.1%) 0.00 132
    Paragould's median listing price for 2024-05-01 was $207,450, a difference of $-36,275 (-14.9%) versus the prior year and $7,775 versus the prior month.

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

    Paragould's average listing price for 2024-05-01 was $258,914, a difference of $-10,939 (-4.1%) versus the prior year and $28,043 versus the prior month.

    For the 2024-05-01 period, Paragould had 132 MLS listings, a difference of 18 listings (16%) versus the prior month and 50 listings (61%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Paragould (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,542 sqft
    2018-02-01 0 days 1,539 sqft
    2018-03-01 0 days 1,550 sqft
    2018-04-01 0 days 1,639 sqft
    2018-05-01 0 days 1,642 sqft
    2018-06-01 0 days 1,587 sqft
    2018-07-01 0 days 1,667 sqft
    2018-08-01 0 days 1,714 sqft
    2018-09-01 0 days 1,854 sqft
    2018-10-01 0 days 1,857 sqft
    2018-11-01 0 days 1,876 sqft
    2018-12-01 0 days 1,675 sqft
    2019-01-01 0 days 1,665 sqft
    2019-02-01 0 days 1,600 sqft
    2019-03-01 0 days 1,576 sqft
    2019-04-01 0 days 1,550 sqft
    2019-05-01 0 days 1,665 sqft
    2019-06-01 0 days 1,732 sqft
    2019-07-01 0 days 1,675 sqft
    2019-08-01 0 days 1,674 sqft
    2019-09-01 0 days 1,659 sqft
    2019-10-01 0 days 1,664 sqft
    2019-11-01 0 days 1,775 sqft
    2019-12-01 0 days 1,906 sqft
    2020-01-01 0 days 1,855 sqft
    2020-02-01 0 days 1,800 sqft
    2020-03-01 0 days 1,800 sqft
    2020-04-01 0 days 1,839 sqft
    2020-05-01 0 days 1,760 sqft
    2020-06-01 0 days 1,647 sqft
    2020-07-01 0 days 1,700 sqft
    2020-08-01 0 days 1,708 sqft
    2020-09-01 0 days 1,693 sqft
    2020-10-01 0 days 1,590 sqft
    2020-11-01 0 days 1,593 sqft
    2020-12-01 0 days 1,585 sqft
    2021-01-01 0 days 1,584 sqft
    2021-02-01 0 days 1,462 sqft
    2021-03-01 0 days 1,450 sqft
    2021-04-01 0 days 1,472 sqft
    2021-05-01 0 days 1,400 sqft
    2021-06-01 0 days 1,402 sqft
    2021-07-01 0 days 1,383 sqft
    2021-08-01 0 days 1,383 sqft
    2021-09-01 0 days 1,376 sqft
    2021-10-01 0 days 1,303 sqft
    2021-11-01 0 days 1,383 sqft
    2021-12-01 0 days 1,458 sqft
    2022-01-01 0 days 1,695 sqft
    2022-02-01 0 days 1,760 sqft
    2022-03-01 0 days 1,710 sqft
    2022-04-01 0 days 1,708 sqft
    2022-05-01 0 days 1,702 sqft
    2022-06-01 0 days 1,670 sqft
    2022-07-01 0 days 1,687 sqft
    2022-08-01 0 days 1,656 sqft
    2022-09-01 0 days 1,654 sqft
    2022-10-01 0 days 1,634 sqft
    2022-11-01 0 days 1,689 sqft
    2022-12-01 0 days 1,703 sqft
    2023-01-01 0 days 1,673 sqft
    2023-02-01 0 days 1,774 sqft
    2023-03-01 0 days 1,846 sqft
    2023-04-01 0 days 1,931 sqft
    2023-05-01 0 days 1,841 sqft
    2023-06-01 0 days 1,869 sqft
    2023-07-01 0 days 1,808 sqft
    2023-08-01 0 days 1,861 sqft
    2023-09-01 0 days 1,789 sqft
    2023-10-01 0 days 1,739 sqft
    2023-11-01 0 days 1,680 sqft
    2023-12-01 0 days 1,680 sqft
    2024-01-01 0 days 1,651 sqft
    2024-02-01 0 days 1,660 sqft
    2024-03-01 0 days 1,728 sqft
    2024-04-01 0 days 1,663 sqft
    2024-05-01 0 days 1,644 sqft
    Paragould's median listing age (time on market) for 2024-05-01 was 0 days.

    Paragould's median square footage for active listings during the 2024-05-01 period was 1,644 sqft. One year prior, the average listing was 1,841 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.