Paragould VA Loan Rates, Closing Costs & Stats

Paragould, 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.

Paragould's 35 lenders originated 144 VA loans during 2021. The total origination value was $26,040,000, with an average VA loan value of $180,833.

Paragould VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Paragould averaged 6.65% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Paragould's average VA mortgage closing costs are $3,944.

The average rate for the prior week (2022-11-25) was 7.09% and one month ago for the week of 2022-10-28, the average rate was 7.18%.

The average rate one year ago was 3.76%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.36%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 22 2.59% $5,281
Mortgage Research Center, LLC 21 2.84% $2,561
FREEDOM MORTGAGE CORPORATION 16 2.60% $2,295
NEW DAY FINANCIAL, LLC 8 2.90% $6,060
MORTGAGE INVESTORS GROUP, INC. 6 2.96% $3,795
PENNYMAC LOAN SERVICES, LLC 6 2.46% $5,726
VILLAGE CAPITAL MORTGAGE 4 2.44% $2,187
DAS Acquisition Company, LLC 4 3.28% $3,279
CLEARPATH LENDING 4 2.38% $2,902
CMG MORTGAGE, INC. 3 3.04% $6,847
SOVEREIGN LENDING GROUP INCORPORATED 3 2.25% $2,701
First Financial Bank 3 2.71% $3,629
Barrington Bank & Trust Company, N.A. 3 2.58% $6,160
First Community Bank 2 2.50% $3,866
Centennial Bank 2 2.63% $8,775
BROKER SOLUTIONS, INC. 2 3.00% $2,960
Mr. Cooper ( Nationstar Mortgage ) 2 3.06% $3,675
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 4.00% $4,075
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.31% $7,757
LOANDEPOT.COM, LLC 2 2.56% $1,272
The Federal Savings Bank 2 2.75% $4,681
AMERICAN FINANCIAL NETWORK, INC. 2 2.31% $4,946
Wells Fargo Bank 1 2.38% $1,318
AMERISAVE MORTGAGE CORPORATION 1 2.50% $6,141
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $1,470
Arvest Bank 1 2.75% $56
CALIBER HOME LOANS, INC. 1 2.25% $10,515
Countybank 1 2.75% $2,050
GUARANTEED RATE, INC. 1 2.50% $2,224
GUILD MORTGAGE COMPANY 1 3.00% $2,014
MORTGAGE FINANCIAL SERVICES, LLC 1 3.25% $2,663
NAVY FEDERAL CREDIT UNION 1 2.63% $947
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.50% $3,105
Simmons Bank 1 2.75% $2,054
USAA Federal Savings Bank 1 2.88% $7,681

The top Paragould VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 22 VA loans originated. Their average total fees are $5,281, which is $2,720 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Paragould VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,295), Mortgage Research Center, LLC ($2,561), QUICKEN LOANS, LLC ($5,281), .

The lowest rate Paragould VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.59%), FREEDOM MORTGAGE CORPORATION (2.60%), Mortgage Research Center, LLC (2.84%), .


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 $146,800 (1.6%) $162,123 (-11.4%) 0.00 151
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 $163,200 (26.1%) $188,926 (23.7%) 0.00 141
2018-12-01 $149,900 (15.8%) $166,597 (7.4%) 0.00 148
2019-01-01 $152,400 (15.3%) $164,633 (4.8%) 0.00 151
2019-02-01 $154,400 (8.0%) $166,189 (5.7%) 0.00 157
2019-03-01 $152,943 (-1.3%) $162,036 (-4.3%) 0.00 152
2019-04-01 $147,468 (-5.3%) $156,760 (-6.0%) 0.00 144
2019-05-01 $159,175 (8.4%) $174,744 (7.8%) 0.00 148
2019-06-01 $162,500 (13.1%) $186,005 (10.4%) 0.00 150
2019-07-01 $155,950 (0.2%) $179,731 (4.5%) 0.00 170
2019-08-01 $152,245 (-4.5%) $175,585 (-5.8%) 0.00 177
2019-09-01 $148,114 (-7.4%) $171,148 (-12.7%) 0.00 177
2019-10-01 $147,759 (-8.3%) $169,640 (-14.2%) 0.00 177
2019-11-01 $158,450 (-2.9%) $181,366 (-4.0%) 0.00 162
2019-12-01 $155,850 (4.0%) $181,083 (8.7%) 0.00 146
2020-01-01 $158,950 (4.3%) $182,363 (10.8%) 0.00 135
2020-02-01 $169,900 (10.0%) $182,393 (9.8%) 0.00 136
2020-03-01 $174,950 (14.4%) $186,879 (15.3%) 0.00 139
2020-04-01 $179,900 (22.0%) $193,404 (23.4%) 0.00 128
2020-05-01 $174,900 (9.9%) $187,450 (7.3%) 0.00 129
2020-06-01 $154,900 (-4.7%) $177,552 (-4.5%) 0.00 95
2020-07-01 $164,300 (5.4%) $182,769 (1.7%) 0.00 96
2020-08-01 $168,950 (11.0%) $195,498 (11.3%) 0.00 77
2020-09-01 $174,950 (18.1%) $217,447 (27.1%) 0.00 78
2020-10-01 $147,500 (-0.2%) $183,266 (8.0%) 0.00 96
2020-11-01 $153,650 (-3.0%) $190,910 (5.3%) 0.00 97
2020-12-01 $159,900 (2.6%) $194,224 (7.3%) 0.00 96
2021-01-01 $157,900 (-0.7%) $183,571 (0.7%) 0.00 106
2021-02-01 $131,150 (-22.8%) $171,182 (-6.2%) 0.00 105
2021-03-01 $112,650 (-35.6%) $180,793 (-3.3%) 0.00 102
2021-04-01 $133,770 (-25.6%) $188,302 (-2.6%) 0.00 99
2021-05-01 $124,000 (-29.1%) $178,485 (-4.8%) 0.00 90
2021-06-01 $135,550 (-12.5%) $178,480 (0.5%) 0.00 96
2021-07-01 $121,000 (-26.4%) $159,405 (-12.8%) 0.00 101
2021-08-01 $127,800 (-24.4%) $163,870 (-16.2%) 0.00 101
2021-09-01 $124,325 (-28.9%) $174,524 (-19.7%) 0.00 100
2021-10-01 $124,900 (-15.3%) $182,211 (-0.6%) 0.00 95
2021-11-01 $143,725 (-6.5%) $188,895 (-1.1%) 0.00 81
2021-12-01 $140,475 (-12.2%) $191,639 (-1.3%) 0.00 84
2022-01-01 $184,900 (17.1%) $222,534 (21.2%) 0.00 74
2022-02-01 $202,400 (54.3%) $250,170 (46.1%) 0.00 63
2022-03-01 $195,000 (73.1%) $228,709 (26.5%) 0.00 64
2022-04-01 $199,900 (49.4%) $238,063 (26.4%) 0.00 54
2022-05-01 $199,200 (60.7%) $238,784 (33.8%) 0.00 76
2022-06-01 $199,900 (47.5%) $210,294 (17.8%) 0.00 84
2022-07-01 $194,900 (61.1%) $212,385 (33.2%) 0.00 99
2022-08-01 $189,750 (48.5%) $211,307 (29.0%) 0.00 105
2022-09-01 $182,400 (46.7%) $211,909 (21.4%) 0.00 105
2022-10-01 $185,900 (48.8%) $218,938 (20.2%) 0.00 109
2022-11-01 $199,900 (39.1%) $237,296 (25.6%) 0.00 103
Paragould's median listing price for 2022-11-01 was $199,900, a difference of $56,175 (39.1%) versus the prior year and $14,000 versus the prior month.

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

Paragould's average listing price for 2022-11-01 was $237,296, a difference of $48,401 (25.6%) versus the prior year and $18,358 versus the prior month.

For the 2022-11-01 period, Paragould had 103 MLS listings, a difference of -6 listings (-6%) versus the prior month and 22 listings (27%) 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 1,568 sqft
2019-04-01 0 days 1,535 sqft
2019-05-01 0 days 1,642 sqft
2019-06-01 0 days 1,730 sqft
2019-07-01 0 days 1,675 sqft
2019-08-01 0 days 1,673 sqft
2019-09-01 0 days 1,658 sqft
2019-10-01 0 days 1,661 sqft
2019-11-01 0 days 1,772 sqft
2019-12-01 0 days 1,902 sqft
2020-01-01 0 days 1,834 sqft
2020-02-01 0 days 1,800 sqft
2020-03-01 0 days 1,800 sqft
2020-04-01 0 days 1,825 sqft
2020-05-01 0 days 1,752 sqft
2020-06-01 0 days 1,642 sqft
2020-07-01 0 days 1,696 sqft
2020-08-01 0 days 1,700 sqft
2020-09-01 0 days 1,682 sqft
2020-10-01 0 days 1,590 sqft
2020-11-01 0 days 1,590 sqft
2020-12-01 0 days 1,574 sqft
2021-01-01 0 days 1,576 sqft
2021-02-01 0 days 1,463 sqft
2021-03-01 0 days 1,456 sqft
2021-04-01 0 days 1,481 sqft
2021-05-01 0 days 1,405 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 1,463 sqft
2022-01-01 0 days 1,683 sqft
2022-02-01 0 days 1,755 sqft
2022-03-01 0 days 1,707 sqft
2022-04-01 0 days 1,706 sqft
2022-05-01 0 days 1,680 sqft
2022-06-01 0 days 1,650 sqft
2022-07-01 0 days 1,658 sqft
2022-08-01 0 days 1,654 sqft
2022-09-01 0 days 1,637 sqft
2022-10-01 0 days 1,610 sqft
2022-11-01 0 days 1,688 sqft
Paragould's median listing age (time on market) for 2022-11-01 was 0 days.

Paragould's median square footage for active listings during the 2022-11-01 period was 1,688 sqft. One year prior, the average listing was 1,383 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.