Payson VA Loan Rates, Closing Costs & Stats

Payson, AZ

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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.

    Payson's 49 lenders originated 109 VA loans during 2024. The total origination value was $39,375,000, with an average VA loan value of $361,239.

    Payson VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Payson averaged 0.37% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Payson's average VA mortgage closing costs are $6,409.

    The average rate for the prior week (2025-06-13) was 7.12% and one month ago for the week of 2025-05-16, the average rate was 6.88%.

    The average rate one year ago was 7.08%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.16%.

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

    Payson 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 Payson level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 21 5.89% $8,897
    Mortgage Research Center, LLC 9 6.36% $4,341
    QUICKEN LOANS, LLC 5 6.20% $13,155
    NAVY FEDERAL CREDIT UNION 4 6.00% $5,940
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.29% $12,197
    SUN AMERICAN MORTGAGE COMPANY 3 6.71% $11,140
    CROSSCOUNTRY MORTGAGE, LLC 3 6.73% $8,888
    Bell Bank 2 7.00% $14,978
    NEWREZ LLC 2 5.44% $5,658
    Equity Prime Mortgage LLC 2 7.31% $12,548
    NOVA FINANCIAL & INVESTMENT CORPORATION 2 5.75% $6,635
    ALTITUDE FINANCIAL CORPORATION 2 5.94% $3,727
    Paramount Residential Mortgage Group, Inc. 2 6.63% $14,214
    GUILD MORTGAGE COMPANY 2 6.88% $15,683
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.69% $7,954
    FREEDOM MORTGAGE CORPORATION 2 5.75% $23,084
    The Federal Savings Bank 2 5.44% $25,397
    USAA Federal Savings Bank 2 6.63% $9,549
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.25% $27,817
    NATIONS DIRECT MORTGAGE, LLC 1 6.75% $7,040
    NEW DAY FINANCIAL, LLC 1 7.99% $9,992
    NFM, INC. 1 5.50% $10,275
    ON Q FINANCIAL, INC. 1 7.25% $1,127
    PENNYMAC LOAN SERVICES, LLC 1 6.25% $3,649
    Plains Commerce Bank 1 6.63% $10,599
    STARBOARD FINANCIAL MANAGEMENT, LLC 1 6.63% $7,236
    Sunflower Bank 1 5.88% $7,515
    The Loan Store, Inc. 1 6.49% $4,508
    VERITAS FUNDING, LLC 1 6.63% $19,047
    VILLAGE CAPITAL MORTGAGE 1 5.75% $15,921
    V.I.P. MORTGAGE, INC. 1 7.13% $7,831
    Waterstone Mortgage Corporation 1 5.50% $9,104
    AMERISAVE MORTGAGE CORPORATION 1 4.75% $26,880
    Barrington Bank & Trust Company, N.A. 1 5.99% $5,809
    Carrington Mortgage Services, LLC 1 5.63% $3,593
    CMG MORTGAGE, INC. 1 6.75% $5,794
    Credence Funding Corporation 1 5.38% $8,215
    DIRECT MORTGAGE LOANS, LLC 1 6.25% $4,520
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $0
    GENEVA FINANCIAL, LLC 1 7.25% $6,750
    GUARANTEED RATE AFFINITY, LLC 1 6.18% $405
    GUARANTEED RATE, INC. 1 6.18% $42,791
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $5,333
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.25% $12,563
    LOANDEPOT.COM, LLC 1 6.50% $2,174
    LOANPAL, LLC 1 6.38% $10,606
    Magnolia Bank 1 5.25% $14,151
    MOVEMENT MORTGAGE, LLC 1 6.13% $28,808
    Mr. Cooper ( Nationstar Mortgage ) 1 5.88% $10,000

    The top Payson VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 21 VA loans originated. Their average total fees are $8,897, which is $4,557 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Payson VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($8,897), .

    The lowest rate Payson VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.89%), .

    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.