Phoenix VA Loan Rates, Closing Costs & Stats

PHOENIX-MESA-CHANDLER, 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.

    Phoenix's 212 lenders originated 9,200 VA loans during 2024. The total origination value was $4,131,160,000, with an average VA loan value of $449,039.

    Phoenix VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Phoenix averaged 0.02% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Phoenix's average VA mortgage closing costs are $7,153.

    The average rate for the prior week (2025-06-13) was 6.37% and one month ago for the week of 2025-05-16, the average rate was 6.53%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.02%.

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

    Phoenix 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 Phoenix level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 1,637 5.86% $8,198
    Mortgage Research Center, LLC 578 6.29% $7,040
    QUICKEN LOANS, LLC 563 5.93% $12,552
    FREEDOM MORTGAGE CORPORATION 424 6.01% $10,736
    LOANDEPOT.COM, LLC 296 5.46% $13,820
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 236 6.27% $10,001
    DHI MORTGAGE COMPANY, LTD. 220 5.14% $7,823
    EAGLE HOME MORTGAGE, LLC 207 4.83% $5,084
    NAVY FEDERAL CREDIT UNION 200 5.85% $6,437
    PENNYMAC LOAN SERVICES, LLC 182 5.60% $9,724
    CROSSCOUNTRY MORTGAGE, LLC 170 6.26% $8,570
    PULTE MORTGAGE LLC 139 5.08% $6,220
    South Pacific Financial Corporation 138 5.75% $10,684
    VELOCIO MORTGAGE L.L.C. 134 4.89% $7,124
    NEWREZ LLC 125 5.97% $9,250
    NFM, INC. 125 5.10% $13,650
    VILLAGE CAPITAL MORTGAGE 123 5.68% $9,907
    HOMEAMERICAN MORTGAGE CORPORATION 120 5.19% $5,456
    V.I.P. MORTGAGE, INC. 118 6.25% $13,498
    GUILD MORTGAGE COMPANY 113 6.14% $11,704
    USAA Federal Savings Bank 96 6.25% $10,812
    INSPIRE HOME LOANS INC. 89 5.20% $8,364
    KBHS HOME LOANS, LLC 75 5.48% $7,027
    NEW DAY FINANCIAL, LLC 75 7.45% $16,709
    NOVA FINANCIAL & INVESTMENT CORPORATION 71 6.31% $8,318
    GUARANTEED RATE, INC. 69 6.02% $8,963
    CMG MORTGAGE, INC. 68 5.91% $12,334
    The Federal Savings Bank 64 6.29% $21,816
    BROKER SOLUTIONS, INC. 63 6.38% $14,121
    SUN WEST MORTGAGE COMPANY, INC. 61 5.90% $10,767
    Paramount Residential Mortgage Group, Inc. 61 6.36% $13,629
    ZILLOW HOME LOANS, LLC 58 6.18% $8,342
    Plains Commerce Bank 56 6.12% $10,345
    LAKEVIEW LOAN SERVICING, LLC 55 5.77% $6,583
    MATTAMY HOME FUNDING, LLC 52 5.61% $11,554
    HOMEOWNERS FINANCIAL GROUP USA, LLC 52 6.20% $8,585
    MUTUAL OF OMAHA MORTGAGE, INC. 51 6.13% $15,058
    PRIMELENDING, A PLAINSCAPITAL COMPANY 50 6.45% $6,048
    Nations Lending Corporation 49 6.07% $10,923
    MOVEMENT MORTGAGE, LLC 48 6.27% $11,419
    Mr. Cooper ( Nationstar Mortgage ) 46 5.93% $11,020
    CLEARPATH LENDING 44 5.73% $9,396
    MORTGAGE SOLUTIONS OF COLORADO, LLC 43 6.95% $6,453
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 41 5.01% $6,111
    The Loan Store, Inc. 41 5.99% $10,868
    AMERICAN PACIFIC MORTGAGE CORPORATION 41 6.50% $11,952
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 37 6.15% $6,450
    PLANET HOME LENDING, LLC 35 5.29% $5,577
    Equity Prime Mortgage LLC 33 6.57% $13,233
    Bell Bank 33 6.45% $9,405
    Flagstar Bank, FSB 32 6.19% $6,603
    PLAZA HOME MORTGAGE, INC. 31 5.92% $14,225
    GUARANTEED RATE AFFINITY, LLC 29 6.34% $9,534
    Lakeview Community Capital, LLC 27 5.77% $6,557
    Carrington Mortgage Services, LLC 26 5.86% $12,427
    Barrington Bank & Trust Company, N.A. 26 6.11% $7,354
    Prosperity Home Mortgage, LLC 26 5.93% $13,670
    ON Q FINANCIAL, INC. 26 5.96% $10,165
    Waterstone Mortgage Corporation 25 6.14% $16,556
    MORIA DEVELOPMENT, INC. 25 6.34% $16,258
    BAY EQUITY LLC 25 6.22% $5,442
    GENEVA FINANCIAL, LLC 25 6.62% $11,320
    Magnolia Bank 25 5.74% $23,080
    CARDINAL FINANCIAL 24 6.26% $13,974
    LOANPAL, LLC 23 5.67% $12,988
    DIRECT MORTGAGE LOANS, LLC 23 6.23% $14,922
    Century Mortgage Company DBA Century Lending Company 21 5.99% $8,057
    BROOKHOLLOW MORTGAGE SERVICES, LTD 21 5.72% $10,907
    SECURITYNATIONAL MORTGAGE COMPANY 21 6.51% $14,078
    TOWNE MORTGAGE COMPANY 20 5.97% $8,981
    JPMorgan Chase Bank 20 6.17% $4,373
    PENTAGON FEDERAL CREDIT UNION 20 5.96% $8,539
    AMERICAN FINANCIAL NETWORK, INC. 16 6.02% $8,094
    NBKC BANK 16 5.91% $6,582
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 15 6.12% $11,117
    UNION HOME MORTGAGE CORP. 15 5.85% $9,060
    Armed Forces Bank 15 6.08% $7,002
    First Western Trust Bank 15 5.93% $6,765
    ALTITUDE FINANCIAL CORPORATION 14 5.88% $8,335
    NEST HOME LENDING, LLC 13 5.20% $5,137
    FBC MORTGAGE, LLC 13 5.86% $9,518
    First Federal Bank 13 5.65% $8,895
    PHH Mortgage Corporation 13 5.74% $6,536
    Sunflower Bank 13 6.15% $9,988
    NORWICH COMMERCIAL GROUP, INC. 12 6.17% $9,115
    AMERISAVE MORTGAGE CORPORATION 11 5.52% $26,220
    CITY FIRST MORTGAGE SERVICES, L.L.C. 11 6.42% $8,905
    HOMEBRIDGE FINANCIAL SERVICES, INC. 11 6.11% $7,002
    NATIONS DIRECT MORTGAGE, LLC 10 6.62% $10,281
    Cornerstone First Mortgage, Inc 10 6.19% $13,615
    CORNERSTONE HOME LENDING, INC. 10 6.41% $7,055
    TBI MORTGAGE COMPANY 10 6.11% $8,866
    Sierra Pacific Mortgage Company, Inc. 9 6.46% $6,624
    AmeriHome Mortgage Company, LLC 9 6.27% $6,611
    First National Bank Texas 9 6.00% $5,340
    LADERA LENDING, INC. 9 5.93% $12,531
    ENVOY MORTGAGE, LTD 8 6.81% $8,606
    Texana Bank 8 6.25% $20,012
    Credence Funding Corporation 8 5.81% $8,790
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 8 6.01% $11,560
    HOMESIDE FINANCIAL, LLC 8 6.39% $15,793
    VERITAS FUNDING, LLC 8 6.52% $25,705
    PREMIA MORTGAGE, LLC 8 5.87% $13,781
    Wallick & Volk, Inc. 8 6.36% $8,336
    CASTLE & COOKE MORTGAGE, LLC 8 6.59% $10,968
    OCMBC, INC. 7 6.09% $8,737
    AMERICAN FINANCING CORPORATION 7 5.86% $14,531
    SUN AMERICAN MORTGAGE COMPANY 7 5.53% $9,310
    STARBOARD FINANCIAL MANAGEMENT, LLC 7 5.93% $19,014
    Shea Mortgage Inc. 7 5.79% $11,575
    S1L, Inc. 7 6.23% $8,609
    Wells Fargo Bank 6 6.10% $13,437
    American Mortgage & Equity Consultants, Inc. 6 6.04% $14,211
    PACIFIC RESIDENTIAL MORTGAGE, LLC 6 6.25% $12,543
    ALAMEDA MORTGAGE CORPORATION 6 6.81% $11,615
    NETWORK CAPITAL FUNDING CORPORATION 6 5.88% $15,630
    CLM MORTGAGE, INC 5 6.37% $10,340
    AMERICAN FINANCIAL RESOURCES, INC. 5 6.45% $3,866
    INTERCAP LENDING INC. 5 6.48% $7,892
    UNIVERSAL LENDING CORPORATION 5 5.52% $3,024
    CALCON MUTUAL MORTGAGE LLC 5 6.10% $10,713
    CANOPY MORTGAGE, LLC 5 6.02% $9,654
    U.S. Bank 5 6.23% $8,801
    Goldwater Bank, N.A. 4 7.00% $8,857
    MOUNTAIN AMERICA 4 5.69% $9,897
    MICHIGAN MUTUAL, INC. 4 6.69% $8,672
    Ixonia Bank 4 5.50% $7,131
    LEADERONE FINANCIAL CORPORATION 3 6.50% $13,255
    Keystone Funding, Inc. 3 5.58% $17,739
    CHURCHILL MORTGAGE CORPORATION 3 6.04% $12,125
    Northpointe Bank 3 6.04% $13,358
    SUMMIT FUNDING, INC. 3 7.25% $9,590
    POINT Mortgage 3 5.92% $3,141
    MORTGAGEONE, INC. 3 6.71% $47,257
    JMAC LENDING, INC. 3 6.33% $12,494
    North American Savings Bank, F.S.B. 3 5.67% $8,593
    SFMC, LP 3 6.74% $16,153
    FIRST COMMUNITY MORTGAGE, INC. 3 6.21% $7,505
    RESIDENTIAL MORTGAGE, LLC 3 6.38% $8,582
    ALLIED MORTGAGE GROUP, INC. 3 6.25% $9,771
    Alaska USA Federal Credit Union 3 6.67% $8,688
    GARDNER FINANCIAL SERVICES, LTD. 3 7.13% $10,623
    AXIA FINANCIAL, LLC 2 7.00% $4,845
    HUNT MORTGAGE CORPORATION 2 6.63% $6,023
    GoPrime Mortgage, Inc. 2 6.56% $8,745
    Franklin Loan Corporation 2 6.25% $19,173
    MASON MCDUFFIE MORTGAGE CORPORATION 2 7.00% $6,609
    MID AMERICA MORTGAGE, INC. 2 6.00% $1,899
    EVERETT FINANCIAL, INC. 2 6.81% $7,423
    NEW WEST LENDING, INC. 2 6.38% $2,457
    EMBRACE HOME LOANS, INC. 2 6.06% $15,029
    DIRECTORS MORTGAGE, INC. 2 6.56% $13,884
    DAS Acquisition Company, LLC 2 5.63% $7,205
    CREDIT UNION WEST 2 6.56% $13,005
    CITYWIDE HOME LOANS, LLC 2 6.19% $10,724
    Capital Bank 2 5.63% $9,290
    BELEM SERVICING LLC 2 5.49% $7,746
    Strong Home Mortgage, LLC 2 5.50% $2,926
    SUCCESS MORTGAGE PARTNERS, INC. 2 5.75% $35,990
    AMERITRUST MORTGAGE CORPORATION 2 6.19% $13,467
    TOP FLITE FINANCIAL, INC. 2 6.00% $4,063
    HomeStreet Bank 2 5.88% $9,821
    Farmers Bank & Trust 1 6.00% $1,095
    Cambria Financial Group, LLC 1 5.63% $4,664
    First-Citizens Bank & Trust Company 1 6.00% $11,988
    BM Real Estate Services, Inc. 1 5.75% $5,363
    RANLIFE, INC. 1 5.50% $20,536
    FIRST COLONY MORTGAGE CORPORATION 1 5.63% $6,545
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.75% $9,744
    M&T Bank 1 6.13% $5,932
    BMO Harris Bank 1 6.50% $17,624
    Service Federal Credit Union 1 6.13% $9,475
    First Financial Bank 1 5.75% $15,831
    FIRST MORTGAGE COMPANY, INC. 1 6.13% $7,168
    First State Bank of St. Charles, Missouri 1 5.63% $6,008
    JMJ FINANCIAL GROUP 1 6.13% $3,347
    FISHER FINANCIAL GROUP, INCORPORATED 1 5.13% $1,135
    INTERCOASTAL MORTGAGE COMPANY 1 6.63% $5,973
    INTELLILOAN, INC. 1 6.00% $898
    ML Mortgage Corp. 1 5.99% $13,400
    MLD MORTGAGE INC. 1 6.13% $1,929
    Hometown Equity Mortgage, LLC 1 6.75% $6,551
    Arvest Bank 1 5.50% $14,199
    SWBC MORTGAGE CORPORATION 1 6.25% $3,453
    T2 FINANCIAL LLC 1 7.00% $20,400
    Zions Bank 1 6.63% $7,356
    MLB RESIDENTIAL LENDING, LLC 1 6.13% $16,534
    The Central Trust Bank 1 5.25% $2,094
    ARIZONA 1 6.00% $25,375
    Western State Bank 1 5.63% $4,522
    THE MORTGAGE LINK, INC. 1 6.75% $22,639
    The Union Bank Company 1 6.75% $6,262
    TJC Mortgage, Inc. 1 5.25% $4,956
    INFINITY EQUITY GROUP, INC. 1 6.75% $0
    Ameris Bank 1 5.75% $4,650
    TruHome Solutions, LLC 1 5.88% $25,355
    UMB Bank 1 5.25% $3,940
    Meridian Bank Corporation 1 6.00% $6,110
    FLAT BRANCH MORTGAGE, INC. 1 6.00% $21,757
    Florida Capital Bank 1 6.25% $13,842
    LOANFLIGHT LENDING, LLC 1 5.13% $1,643
    Glacier Bank 1 5.88% $16,891
    AMERICAN INTERNET MORTGAGE, INC. 1 6.38% $3,833
    Gulf Coast Bank and Trust Company 1 6.63% $17,841
    Home Mortgage Alliance Corp 1 6.63% $9,045
    Commerce Home Mortgage, Inc. 1 5.75% $8,377
    NP, Inc. 1 6.63% $4,252
    Jonah Bank of Wyoming 1 5.75% $28,604
    EVANSVILLE TEACHERS 1 5.75% $44,076
    Network Funding, L.P. 1 6.63% $32,884
    Presidential Bank, FSB 1 6.63% $26,505
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.00% $17,409

    The top Phoenix VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,637 VA loans originated. Their average total fees are $8,198, which is $1,158 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Phoenix VA lenders (with over 10 loans originated) are JPMorgan Chase Bank ($4,373), EAGLE HOME MORTGAGE, LLC ($5,084), NEST HOME LENDING, LLC ($5,137), BAY EQUITY LLC ($5,442) and HOMEAMERICAN MORTGAGE CORPORATION ($5,456).

    The lowest rate Phoenix VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.83%), VELOCIO MORTGAGE L.L.C. (4.89%), K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (5.01%), PULTE MORTGAGE LLC (5.08%) and NFM, INC. (5.10%).

    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.