Phoenix VA Loan Rates, Closing Costs & Stats
PHOENIX-MESA-CHANDLER, AZ
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
6.44%
for the week of 2025-05-23, compared to the national average (all VA variants) of
6.52% for the same period.
Phoenix's average VA mortgage closing costs are $7,153.
The average rate for the prior week (2025-05-16) was
6.43% and
one month ago for the week of 2025-04-18, the
average rate was 6.7%.
The average rate one year ago was 6.62%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.64%.
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.
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%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Phoenix (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 | $339,700 (6.2%) | $582,555 (9.2%) | 1.26 | 16,039 |
| 2018-02-01 | $349,950 (7.0%) | $596,649 (9.1%) | 1.27 | 15,903 |
| 2018-03-01 | $364,900 (8.3%) | $614,627 (9.8%) | 1.28 | 15,659 |
| 2018-04-01 | $364,900 (5.0%) | $615,554 (7.8%) | 1.24 | 15,587 |
| 2018-05-01 | $364,450 (4.5%) | $606,926 (6.8%) | 1.22 | 15,052 |
| 2018-06-01 | $359,000 (5.6%) | $589,354 (5.6%) | 1.20 | 14,600 |
| 2018-07-01 | $349,900 (4.5%) | $562,408 (4.7%) | 1.17 | 14,195 |
| 2018-08-01 | $344,750 (4.5%) | $549,394 (4.1%) | 1.15 | 14,586 |
| 2018-09-01 | $345,000 (4.6%) | $548,169 (3.2%) | 1.16 | 14,741 |
| 2018-10-01 | $340,099 (3.1%) | $552,484 (2.2%) | 1.15 | 16,145 |
| 2018-11-01 | $342,200 (3.7%) | $568,839 (3.1%) | 1.16 | 16,969 |
| 2018-12-01 | $344,828 (3.0%) | $575,150 (1.1%) | 1.19 | 16,740 |
| 2019-01-01 | $347,945 (2.4%) | $582,810 (0.0%) | 1.20 | 17,302 |
| 2019-02-01 | $349,900 (0.0%) | $587,222 (-1.6%) | 1.18 | 17,881 |
| 2019-03-01 | $361,329 (-1.0%) | $601,751 (-2.1%) | 1.18 | 17,408 |
| 2019-04-01 | $371,350 (1.8%) | $615,009 (-0.1%) | 1.18 | 16,851 |
| 2019-05-01 | $374,600 (2.8%) | $618,035 (1.8%) | 1.17 | 15,912 |
| 2019-06-01 | $380,000 (5.9%) | $626,571 (6.3%) | 1.19 | 14,609 |
| 2019-07-01 | $382,718 (9.4%) | $624,810 (11.1%) | 1.20 | 13,213 |
| 2019-08-01 | $384,726 (11.6%) | $628,035 (14.3%) | 1.22 | 12,657 |
| 2019-09-01 | $384,314 (11.4%) | $631,550 (15.2%) | 1.23 | 12,831 |
| 2019-10-01 | $384,040 (12.9%) | $637,613 (15.4%) | 1.24 | 13,010 |
| 2019-11-01 | $383,990 (12.2%) | $643,313 (13.1%) | 1.26 | 12,979 |
| 2019-12-01 | $379,985 (10.2%) | $659,909 (14.7%) | 1.27 | 11,901 |
| 2020-01-01 | $392,271 (12.7%) | $681,213 (16.9%) | 1.31 | 11,210 |
| 2020-02-01 | $399,900 (14.3%) | $697,420 (18.8%) | 1.31 | 10,355 |
| 2020-03-01 | $404,250 (11.9%) | $698,677 (16.1%) | 1.27 | 10,125 |
| 2020-04-01 | $375,000 (1.0%) | $621,441 (1.1%) | 1.17 | 12,653 |
| 2020-05-01 | $385,000 (2.8%) | $643,214 (4.1%) | 1.17 | 11,854 |
| 2020-06-01 | $430,250 (13.2%) | $747,597 (19.3%) | 1.27 | 8,792 |
| 2020-07-01 | $448,990 (17.3%) | $784,018 (25.5%) | 1.30 | 7,385 |
| 2020-08-01 | $444,000 (15.4%) | $775,735 (23.5%) | 1.27 | 7,164 |
| 2020-09-01 | $436,316 (13.5%) | $773,580 (22.5%) | 1.25 | 7,350 |
| 2020-10-01 | $435,000 (13.3%) | $771,914 (21.1%) | 1.25 | 7,634 |
| 2020-11-01 | $417,000 (8.6%) | $746,915 (16.1%) | 1.22 | 7,217 |
| 2020-12-01 | $408,500 (7.5%) | $736,242 (11.6%) | 1.21 | 5,981 |
| 2021-01-01 | $414,990 (5.8%) | $773,440 (13.5%) | 1.24 | 4,956 |
| 2021-02-01 | $413,200 (3.3%) | $800,131 (14.7%) | 1.20 | 4,020 |
| 2021-03-01 | $420,000 (3.9%) | $800,208 (14.5%) | 1.19 | 3,917 |
| 2021-04-01 | $427,995 (14.1%) | $807,172 (29.9%) | 1.16 | 4,155 |
| 2021-05-01 | $450,000 (16.9%) | $817,230 (27.1%) | 1.20 | 4,276 |
| 2021-06-01 | $460,000 (6.9%) | $801,914 (7.3%) | 1.21 | 4,874 |
| 2021-07-01 | $475,000 (5.8%) | $773,251 (-1.4%) | 1.25 | 5,624 |
| 2021-08-01 | $475,000 (7.0%) | $753,796 (-2.8%) | 1.27 | 6,018 |
| 2021-09-01 | $476,950 (9.3%) | $747,211 (-3.4%) | 1.27 | 6,238 |
| 2021-10-01 | $484,993 (11.5%) | $754,423 (-2.3%) | 1.29 | 6,464 |
| 2021-11-01 | $482,495 (15.7%) | $765,433 (2.5%) | 1.29 | 6,257 |
| 2021-12-01 | $487,000 (19.2%) | $783,774 (6.5%) | 1.32 | 5,574 |
| 2022-01-01 | $499,000 (20.2%) | $815,839 (5.5%) | 1.35 | 4,644 |
| 2022-02-01 | $499,950 (21.0%) | $857,335 (7.2%) | 1.30 | 4,051 |
| 2022-03-01 | $500,950 (19.3%) | $863,971 (8.0%) | 1.25 | 4,031 |
| 2022-04-01 | $525,000 (22.7%) | $877,368 (8.7%) | 1.25 | 4,592 |
| 2022-05-01 | $549,450 (22.1%) | $856,494 (4.8%) | 1.26 | 7,123 |
| 2022-06-01 | $547,500 (19.0%) | $818,277 (2.0%) | 1.22 | 10,238 |
| 2022-07-01 | $525,000 (10.5%) | $746,490 (-3.5%) | 1.18 | 14,299 |
| 2022-08-01 | $499,950 (5.3%) | $709,892 (-5.8%) | 1.16 | 16,371 |
| 2022-09-01 | $494,475 (3.7%) | $700,557 (-6.2%) | 1.16 | 16,733 |
| 2022-10-01 | $485,000 (0.0%) | $709,745 (-5.9%) | 1.14 | 17,771 |
| 2022-11-01 | $477,000 (-1.1%) | $717,213 (-6.3%) | 1.15 | 17,344 |
| 2022-12-01 | $474,900 (-2.5%) | $721,996 (-7.9%) | 1.17 | 14,789 |
| 2023-01-01 | $479,495 (-3.9%) | $758,380 (-7.0%) | 1.19 | 13,486 |
| 2023-02-01 | $487,000 (-2.6%) | $807,832 (-5.8%) | 1.18 | 12,499 |
| 2023-03-01 | $499,363 (-0.3%) | $845,639 (-2.1%) | 1.18 | 11,470 |
| 2023-04-01 | $516,011 (-1.7%) | $884,773 (0.8%) | 1.20 | 10,163 |
| 2023-05-01 | $529,450 (-3.6%) | $916,479 (7.0%) | 1.20 | 9,167 |
| 2023-06-01 | $539,945 (-1.4%) | $928,373 (13.5%) | 1.21 | 8,599 |
| 2023-07-01 | $539,900 (2.8%) | $892,859 (19.6%) | 1.23 | 8,231 |
| 2023-08-01 | $537,900 (7.6%) | $882,651 (24.3%) | 1.24 | 8,700 |
| 2023-09-01 | $532,975 (7.8%) | $867,195 (23.8%) | 1.24 | 9,335 |
| 2023-10-01 | $529,950 (9.3%) | $873,986 (23.1%) | 1.25 | 10,817 |
| 2023-11-01 | $522,495 (9.5%) | $871,422 (21.5%) | 1.24 | 12,019 |
| 2023-12-01 | $528,738 (11.3%) | $885,493 (22.7%) | 1.29 | 11,376 |
| 2024-01-01 | $535,000 (11.6%) | $932,357 (22.9%) | 1.31 | 11,448 |
| 2024-02-01 | $541,375 (11.2%) | $979,452 (21.2%) | 1.30 | 11,966 |
| 2024-03-01 | $535,000 (7.1%) | $948,147 (12.1%) | 1.26 | 13,423 |
| 2024-04-01 | $537,000 (4.1%) | $941,628 (6.4%) | 1.25 | 14,984 |
| 2024-05-01 | $542,450 (2.5%) | $937,043 (2.2%) | 1.23 | 16,526 |
| 2024-06-01 | $535,900 (-0.8%) | $910,437 (-1.9%) | 1.22 | 13,438 |
| 2024-07-01 | $525,000 (-2.8%) | $837,532 (-6.2%) | 1.20 | 13,227 |
| 2024-08-01 | $515,000 (-4.3%) | $801,951 (-9.1%) | 1.20 | 13,074 |
| 2024-09-01 | $519,950 (-2.4%) | $819,351 (-5.5%) | 1.22 | 13,874 |
| 2024-10-01 | $519,950 (-1.9%) | $827,076 (-5.4%) | 1.22 | 15,304 |
| 2024-11-01 | $515,000 (-1.4%) | $838,145 (-3.8%) | 1.24 | 16,062 |
| 2024-12-01 | $499,995 (-5.4%) | $834,230 (-5.8%) | 1.24 | 15,084 |
| 2025-01-01 | $512,450 (-4.2%) | $852,502 (-8.6%) | 1.28 | 15,864 |
| 2025-02-01 | $515,000 (-4.9%) | $870,673 (-11.1%) | 1.25 | 17,387 |
| 2025-03-01 | $520,000 (-2.8%) | $867,803 (-8.5%) | 1.22 | 18,701 |
| 2025-04-01 | $525,000 (-2.2%) | $873,651 (-7.2%) | 1.22 | 19,981 |
Phoenix's median listing price comes in at 122% of the national average.
Phoenix's average listing price for 2025-04-01 was $873,651, a difference of $-67,977 (-7.2%) versus the prior year and $5,848 versus the prior month.
For the 2025-04-01 period, Phoenix had 19,981 MLS listings, a difference of 1,280 listings (7%) versus the prior month and 4,997 listings (33%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Phoenix (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 59 days | 2,154 sqft |
| 2018-02-01 | 44 days | 2,190 sqft |
| 2018-03-01 | 43 days | 2,247 sqft |
| 2018-04-01 | 43 days | 2,243 sqft |
| 2018-05-01 | 43 days | 2,245 sqft |
| 2018-06-01 | 44 days | 2,218 sqft |
| 2018-07-01 | 45 days | 2,180 sqft |
| 2018-08-01 | 46 days | 2,160 sqft |
| 2018-09-01 | 44 days | 2,154 sqft |
| 2018-10-01 | 43 days | 2,137 sqft |
| 2018-11-01 | 44 days | 2,137 sqft |
| 2018-12-01 | 52 days | 2,128 sqft |
| 2019-01-01 | 59 days | 2,122 sqft |
| 2019-02-01 | 47 days | 2,132 sqft |
| 2019-03-01 | 44 days | 2,172 sqft |
| 2019-04-01 | 44 days | 2,210 sqft |
| 2019-05-01 | 46 days | 2,214 sqft |
| 2019-06-01 | 49 days | 2,237 sqft |
| 2019-07-01 | 51 days | 2,254 sqft |
| 2019-08-01 | 48 days | 2,251 sqft |
| 2019-09-01 | 43 days | 2,243 sqft |
| 2019-10-01 | 39 days | 2,236 sqft |
| 2019-11-01 | 44 days | 2,215 sqft |
| 2019-12-01 | 51 days | 2,202 sqft |
| 2020-01-01 | 57 days | 2,205 sqft |
| 2020-02-01 | 44 days | 2,216 sqft |
| 2020-03-01 | 40 days | 2,202 sqft |
| 2020-04-01 | 36 days | 2,099 sqft |
| 2020-05-01 | 49 days | 2,119 sqft |
| 2020-06-01 | 51 days | 2,220 sqft |
| 2020-07-01 | 41 days | 2,208 sqft |
| 2020-08-01 | 30 days | 2,163 sqft |
| 2020-09-01 | 27 days | 2,131 sqft |
| 2020-10-01 | 28 days | 2,114 sqft |
| 2020-11-01 | 37 days | 2,029 sqft |
| 2020-12-01 | 40 days | 1,993 sqft |
| 2021-01-01 | 42 days | 1,997 sqft |
| 2021-02-01 | 34 days | 1,982 sqft |
| 2021-03-01 | 29 days | 1,978 sqft |
| 2021-04-01 | 27 days | 1,972 sqft |
| 2021-05-01 | 27 days | 1,993 sqft |
| 2021-06-01 | 26 days | 1,987 sqft |
| 2021-07-01 | 27 days | 1,990 sqft |
| 2021-08-01 | 28 days | 2,005 sqft |
| 2021-09-01 | 30 days | 1,989 sqft |
| 2021-10-01 | 30 days | 2,002 sqft |
| 2021-11-01 | 33 days | 2,002 sqft |
| 2021-12-01 | 36 days | 1,993 sqft |
| 2022-01-01 | 37 days | 1,990 sqft |
| 2022-02-01 | 28 days | 1,980 sqft |
| 2022-03-01 | 28 days | 1,941 sqft |
| 2022-04-01 | 24 days | 1,963 sqft |
| 2022-05-01 | 22 days | 1,977 sqft |
| 2022-06-01 | 24 days | 1,972 sqft |
| 2022-07-01 | 30 days | 1,942 sqft |
| 2022-08-01 | 37 days | 1,915 sqft |
| 2022-09-01 | 46 days | 1,905 sqft |
| 2022-10-01 | 51 days | 1,908 sqft |
| 2022-11-01 | 58 days | 1,910 sqft |
| 2022-12-01 | 69 days | 1,898 sqft |
| 2023-01-01 | 74 days | 1,918 sqft |
| 2023-02-01 | 60 days | 1,940 sqft |
| 2023-03-01 | 50 days | 1,976 sqft |
| 2023-04-01 | 50 days | 2,010 sqft |
| 2023-05-01 | 45 days | 2,033 sqft |
| 2023-06-01 | 44 days | 2,050 sqft |
| 2023-07-01 | 45 days | 2,039 sqft |
| 2023-08-01 | 45 days | 2,034 sqft |
| 2023-09-01 | 39 days | 2,022 sqft |
| 2023-10-01 | 37 days | 2,012 sqft |
| 2023-11-01 | 40 days | 1,985 sqft |
| 2023-12-01 | 53 days | 2,029 sqft |
| 2024-01-01 | 60 days | 2,042 sqft |
| 2024-02-01 | 45 days | 2,049 sqft |
| 2024-03-01 | 49 days | 2,032 sqft |
| 2024-04-01 | 55 days | 2,036 sqft |
| 2024-05-01 | 61 days | 2,045 sqft |
| 2024-06-01 | 66 days | 2,040 sqft |
| 2024-07-01 | 54 days | 2,001 sqft |
| 2024-08-01 | 57 days | 1,983 sqft |
| 2024-09-01 | 56 days | 1,991 sqft |
| 2024-10-01 | 50 days | 1,972 sqft |
| 2024-11-01 | 54 days | 1,963 sqft |
| 2024-12-01 | 66 days | 1,944 sqft |
| 2025-01-01 | 67 days | 1,952 sqft |
| 2025-02-01 | 56 days | 1,962 sqft |
| 2025-03-01 | 51 days | 1,978 sqft |
| 2025-04-01 | 52 days | 1,998 sqft |
Phoenix's median square footage for active listings during the 2025-04-01 period was 1,998 sqft. One year prior, the average listing was 2,036 sqft.