Phoenix VA Loans

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 316 lenders originated 30,645 VA loans during 2021. The total origination value was $10,177,335,000, with an average VA loan value of $332,104.

Phoenix VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Phoenix averaged 6.3% for the week of 2022-09-23, compared to the national average (all VA variants) of 5.992% for the same period.

The average rate for the prior week (2022-09-16) was 6.26% and one month ago for the week of 2022-08-19, the average rate was 5.31%.

The average rate one year ago was 3.12%.

For refis of the same type during the week of 2022-09-23, the average rate was 6.01%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Phoenix level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 2,542 2.40% $3,716
QUICKEN LOANS, LLC 2,400 2.42% $6,160
UNITED WHOLESALE MORTGAGE, LLC 1,993 2.48% $6,509
Mortgage Research Center, LLC 1,284 2.81% $7,731
PENNYMAC LOAN SERVICES, LLC 1,277 2.42% $6,734
LOANDEPOT.COM, LLC 1,257 2.58% $7,186
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 918 2.91% $8,875
LAKEVIEW LOAN SERVICING, LLC 661 2.46% $2,777
HOME POINT FINANCIAL CORPORATION 640 2.45% $6,439
NEW DAY FINANCIAL, LLC 593 2.77% $9,808
CALIBER HOME LOANS, INC. 561 2.53% $6,141
NAVY FEDERAL CREDIT UNION 558 2.48% $6,466
CLEARPATH LENDING 514 2.29% $4,831
NOVA FINANCIAL & INVESTMENT CORPORATION 503 2.80% $7,126
VILLAGE CAPITAL MORTGAGE 398 2.31% $4,164
Amerifirst Financial, Inc. 389 2.75% $7,681
USAA Federal Savings Bank 385 2.83% $4,753
The Federal Savings Bank 361 2.53% $9,705
V.I.P. MORTGAGE, INC. 336 2.79% $7,019
GUILD MORTGAGE COMPANY 303 2.71% $6,641
Mr. Cooper ( Nationstar Mortgage ) 302 2.68% $4,451
ACADEMY MORTGAGE CORPORATION 239 2.93% $9,485
DHI MORTGAGE COMPANY, LTD. 225 2.82% $7,902
CROSSCOUNTRY MORTGAGE, LLC 223 2.88% $10,469
Wells Fargo Bank 219 2.50% $4,225
BROKER SOLUTIONS, INC. 212 2.56% $6,800
FINANCE OF AMERICA MORTGAGE LLC 203 2.79% $7,977
HOMEOWNERS FINANCIAL GROUP USA, LLC 192 2.87% $8,606
GUARANTEED RATE, INC. 192 2.65% $7,210
SUN WEST MORTGAGE COMPANY, INC. 188 2.45% $5,526
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 182 2.80% $8,964
NEWREZ LLC 178 2.68% $5,687
AMERISAVE MORTGAGE CORPORATION 174 2.56% $7,536
Lakeview Community Capital, LLC 167 2.46% $2,618
AMERICAN FINANCIAL NETWORK, INC. 163 2.56% $9,567
MORIA DEVELOPMENT, INC. 157 2.90% $9,721
South Pacific Financial Corporation 153 2.64% $11,574
NFM, INC. 148 3.07% $10,046
LOANPAL, LLC 143 2.48% $7,666
PRIMELENDING, A PLAINSCAPITAL COMPANY 137 2.95% $8,091
Paramount Residential Mortgage Group, Inc. 135 2.65% $7,650
Barrington Bank & Trust Company, N.A. 130 2.77% $6,976
PULTE MORTGAGE LLC 129 2.78% $4,828
InterContinental Capital Group, Inc 127 2.34% $3,752
Carrington Mortgage Services, LLC 126 3.03% $6,329
HOMEBRIDGE FINANCIAL SERVICES, INC. 126 2.57% $7,156
HOMEAMERICAN MORTGAGE CORPORATION 120 2.60% $5,535
PLANET HOME LENDING, LLC 119 2.49% $4,685
EAGLE HOME MORTGAGE, LLC 114 3.02% $7,406
PENTAGON FEDERAL CREDIT UNION 112 2.34% $3,354
Low VA Rates, LLC 112 2.42% $5,208
ARK-LA-TEX FINANCIAL SERVICES, LLC. 107 2.76% $7,926
LHM FINANCIAL CORPORATION 106 2.67% $8,164
BAY EQUITY LLC 106 2.86% $8,754
CMG MORTGAGE, INC. 100 2.65% $8,893
ON Q FINANCIAL, INC. 100 2.73% $9,475
Flagstar Bank, FSB 96 2.68% $7,649
AMERICAN PACIFIC MORTGAGE CORPORATION 95 2.93% $8,560
First Guaranty Mortgage Corporation 91 2.43% $4,557
SOVEREIGN LENDING GROUP INCORPORATED 90 2.56% $7,962
Bell Bank 85 2.82% $8,005
MOVEMENT MORTGAGE, LLC 83 2.75% $5,481
PRIMARY RESIDENTIAL MORTGAGE, INC. 81 2.93% $7,735
Commerce Home Mortgage, Inc. 80 2.63% $5,768
North American Savings Bank, F.S.B. 79 2.38% $5,493
SUBURBAN MORTGAGE, INC. 76 2.73% $6,200
Goldwater Bank, N.A. 74 2.93% $9,963
UNION HOME MORTGAGE CORP. 72 2.40% $5,505
PLAZA HOME MORTGAGE, INC. 69 2.59% $7,635
Magnolia Bank 66 2.51% $9,799
NP, Inc. 60 2.29% $4,751
GENEVA FINANCIAL, LLC 60 2.93% $10,387
Waterstone Mortgage Corporation 59 2.58% $10,842
NBKC BANK 59 2.43% $4,884
GUARANTEED RATE AFFINITY, LLC 59 2.62% $6,503
LEADERONE FINANCIAL CORPORATION 55 2.67% $10,217
STEARNS LENDING, LLC 53 2.43% $5,465
MATTAMY HOME FUNDING, LLC 53 2.63% $11,511
Strong Home Mortgage, LLC 51 2.36% $5,758
NETWORK CAPITAL FUNDING CORPORATION 51 2.49% $6,005
ACCELERATE MORTGAGE, LLC 51 2.22% $6,380
Neighborhood Loans, Inc. 46 2.98% $8,259
MUTUAL OF OMAHA MORTGAGE, INC. 45 2.59% $5,452
KS StateBank 44 2.38% $6,786
KBHS HOME LOANS, LLC 42 3.03% $10,196
CITYWIDE HOME LOANS, LLC 41 2.87% $12,679
FBC MORTGAGE, LLC 41 2.75% $6,295
Watermark Capital, Inc. 40 2.50% $6,047
First Federal Bank 39 2.98% $12,038
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 39 2.84% $4,652
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 38 2.37% $11,383
AMERICAN FINANCING CORPORATION 36 2.52% $5,681
VELOCIO MORTGAGE L.L.C. 36 2.92% $9,470
Prime Choice Funding Inc. 36 2.33% $6,527
Sunflower Bank 35 2.92% $8,770
SECURITYNATIONAL MORTGAGE COMPANY 35 3.20% $13,058
Wallick & Volk, Inc. 35 2.98% $9,004
MORTGAGEONE, INC. 34 2.40% $8,285
CORNERSTONE HOME LENDING, INC. 34 2.87% $9,742
SUMMIT FUNDING, INC. 33 3.06% $11,743
CANOPY MORTGAGE, LLC 33 2.44% $5,116
SUNSTREET MORTGAGE, LLC 32 2.90% $7,181
ENVOY MORTGAGE, LTD 31 2.80% $8,526
Shea Mortgage Inc. 31 2.75% $5,851
Equity Prime Mortgage LLC 31 3.30% $7,503
INSPIRE HOME LOANS INC. 30 3.07% $8,907
STARBOARD FINANCIAL MANAGEMENT, LLC 29 2.85% $5,799
TJC Mortgage, Inc. 29 2.42% $8,517
Mid-Continent Funding, Inc. 28 2.67% $9,004
ARIZONA 28 2.58% $6,495
CHERRY CREEK MORTGAGE, LLC 28 2.85% $4,495
NEW WEST LENDING, INC. 28 2.43% $5,490
BROOKHOLLOW MORTGAGE SERVICES, LTD 27 2.97% $8,371
Wyndham Capital Mortgage, Inc. 27 2.44% $4,360
CHURCHILL MORTGAGE CORPORATION 26 2.50% $9,757
Lend Smart Mortgage, LLC 25 2.73% $8,548
AXIA FINANCIAL, LLC 24 2.78% $8,880
MID AMERICA MORTGAGE, INC. 24 2.64% $1,756
INTERCAP LENDING INC. 24 2.97% $6,539
BNC National Bank 24 2.39% $6,899
Hometown Lenders, Inc. 24 2.85% $8,137
CELEBRITY HOME LOANS, LLC 23 2.98% $12,023
ALL WESTERN MORTGAGE, INC. 23 3.35% $10,926
MORTGAGE SOLUTIONS OF COLORADO, LLC 22 3.09% $8,368
NATIONS DIRECT MORTGAGE, LLC 21 3.23% $9,817
SUN AMERICAN MORTGAGE COMPANY 20 2.85% $8,626
HOMESIDE FINANCIAL, LLC 20 2.63% $8,232
ZILLOW HOME LOANS, LLC 20 2.60% $5,052
DRAPER AND KRAMER MORTGAGE CORP. 19 2.53% $6,429
Bank of England 19 2.82% $10,103
MICHIGAN MUTUAL, INC. 19 2.71% $5,282
U.S. Bank 19 2.80% $6,413
LADERA LENDING, INC. 19 2.61% $4,945
Loan Simple, Inc. 18 2.71% $9,672
First National Bank Texas 18 2.55% $8,549
Nations Lending Corporation 17 2.87% $18,521
OCMBC, INC. 17 2.81% $9,637
First Option Mortgage, LLC 16 2.98% $11,560
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 16 2.87% $7,719
KELLER MORTGAGE, LLC 16 2.52% $8,335
TOWNE MORTGAGE COMPANY 16 2.56% $7,382
Gateway First Bank 15 3.05% $6,720
TOP FLITE FINANCIAL, INC. 15 2.99% $13,310
First Home Bank 14 2.50% $8,227
BELEM SERVICING LLC 13 2.50% $7,382
First State Bank of St. Charles, Missouri 13 2.66% $8,821
Paramount Bank 13 2.42% $9,589
Armed Forces Bank 12 2.48% $6,180
Prosperity Home Mortgage, LLC 12 2.70% $9,790
SFMC, LP 12 2.96% $5,413
IDEAL HOME LOANS LLC 12 2.78% $8,462
TBI MORTGAGE COMPANY 12 2.69% $9,332
AMERICAN FINANCIAL RESOURCES, INC. 12 2.92% $8,916
ALTITUDE FINANCIAL CORPORATION 11 2.42% $6,181
LENDUS, LLC 11 2.26% $3,864
PREMIER LENDING, INC. 11 3.20% $7,545
Opendoor Home Loans LLC 11 2.43% $7,824
Manufacturers and Traders Trust Company 11 2.75% $5,256
Home Mortgage Alliance Corp 11 2.82% $9,068
VERITAS FUNDING, LLC 10 2.41% $7,457
Sierra Pacific Mortgage Company, Inc. 10 2.68% $11,003
BAYSHORE MORTGAGE FUNDING, LLC 9 2.74% $9,542
INTERNATIONAL CITY MORTGAGE, INC. 9 3.03% $7,431
Northpointe Bank 9 2.46% $5,775
LENOX FINANCIAL MORTGAGE CORPORATION 9 2.69% $5,134
AMCAP MORTGAGE, LTD. 9 2.94% $8,663
OPEN MORTGAGE, LLC 8 2.64% $4,429
The Central Trust Bank 8 2.38% $9,543
PHH Mortgage Corporation 8 2.73% $7,074
Plains Commerce Bank 8 2.67% $5,826
Alaska USA Federal Credit Union 8 2.91% $4,137
ROUNDPOINT MORTGAGE SERVICING CORPORATION 8 2.80% $6,338
SOUTHWEST STAGE FUNDING, LLC 8 2.80% $7,651
SWBC MORTGAGE CORPORATION 7 3.21% $11,561
First Federal Bank of Kansas City 7 2.38% $3,554
DAS Acquisition Company, LLC 7 3.24% $8,709
S1L, Inc. 7 2.64% $12,701
FirstBank 7 2.45% $3,532
Meridian Bank Corporation 7 2.27% $3,814
PREMIA MORTGAGE, LLC 6 2.58% $7,024
Century Mortgage Company DBA Century Lending Company 6 2.33% $8,709
Community First National Bank 6 2.69% $15,255
FIRST CENTENNIAL MORTGAGE CORPORATION 6 2.81% $9,170
HOMESTEAD FUNDING CORP. 6 2.48% $4,930
INTERLINC MORTGAGE SERVICES, LLC 6 3.35% $12,326
MOUNTAIN AMERICA 6 2.33% $5,976
MOUNTAIN WEST FINANCIAL, INC. 6 2.63% $6,231
PINNACLE LENDING GROUP, INC. 6 2.52% $4,539
Texana Bank 6 2.33% $8,162
SIRVA MORTGAGE, INC. 5 2.65% $2,189
EMBRACE HOME LOANS, INC. 5 2.70% $4,524
Umpqua Bank 5 2.70% $9,408
CITY FIRST MORTGAGE SERVICES, L.L.C. 5 2.98% $9,966
SUCCESS MORTGAGE PARTNERS, INC. 5 3.12% $12,329
Utah Mortgage Loan Corporation 5 2.83% $7,490
LENDING 3, INC. 5 2.90% $7,138
AmeriHome Mortgage Company, LLC 5 2.89% $4,140
Financial Funding Solutions, Inc. 4 2.63% $2,921
SRE MORTGAGE ALLIANCE INC. 4 2.13% $5,566
CREDIT UNION WEST 4 3.00% $2,766
RESIDENTIAL BANCORP. 4 2.84% $11,824
Ixonia Bank 4 2.34% $6,483
INTELLILOAN, INC. 4 2.59% $12,548
The Home Loan Expert LLC 4 2.46% $4,852
HighTechLending Inc 4 2.38% $5,842
MUFG Union Bank 4 2.56% $6,702
BOKF 4 3.06% $4,984
GoPrime Mortgage, Inc. 4 3.09% $6,418
Capital Bank 4 2.50% $8,430
PANORAMA MORTGAGE GROUP, LLC 4 2.94% $8,557
PARKSIDE LENDING, LLC 4 2.41% $5,569
MEGASTAR FINANCIAL CORP. 4 2.50% $7,531
First Western Trust Bank 4 2.44% $2,520
First Internet Bank of Indiana 3 2.54% $1,240
WESTERN EXPRESS LENDING 3 2.29% $1,566
Franklin Loan Corporation 3 2.63% $15,058
JPMorgan Chase Bank 3 3.21% $2,416
Bank of America 3 2.71% $5,076
Florida Capital Bank 3 2.63% $7,488
GSF Mortgage Corporation 3 3.25% $4,906
MidFirst Bank 3 2.50% $6,149
Citizens Bank 3 2.42% $4,315
Evolve Bank & Trust 3 2.71% $8,554
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 3.50% $18,413
First Midwest Bank 3 2.25% $6,642
RELIANCE FIRST CAPITAL, LLC 3 2.54% $8,012
NBH Bank 3 2.50% $7,799
ARC HOME LLC 3 2.42% $5,478
ML Mortgage Corp. 3 2.67% $8,820
PREMIER MORTGAGE RESOURCES, L.L.C. 3 3.04% $5,683
Austin Capital Bank SSB 3 3.08% $9,347
ISERVE RESIDENTIAL LENDING, LLC 3 2.58% $8,456
First Savings Bank 3 2.25% $1,687
LIBERTY HOME MORTGAGE CORPORATION 3 2.58% $5,218
TIAA, FSB 3 2.38% $8,795
Stifel Bank and Trust 2 2.56% $2,782
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 2 2.25% $24,081
LOANFLIGHT LENDING, LLC 2 2.31% $2,420
Willamette Valley Bank 2 3.13% $13,342
AHL FUNDING 2 2.75% $10,829
NATIONWIDE MORTGAGE BANKERS, INC. 2 3.19% $10,097
IMPAC MORTGAGE CORP. 2 2.31% $2,985
HUNT MORTGAGE CORPORATION 2 3.00% $4,066
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.13% $19,429
ONY GLO, INC. 2 2.31% $4,382
Glacier Bank 2 2.56% $8,650
FISHER FINANCIAL GROUP, INCORPORATED 2 2.69% $2,250
ABSOLUTE HOME MORTGAGE CORPORATION 2 2.75% $8,113
FIRST STATE MORTGAGE SERVICES, LLC 2 2.50% $21,535
1st Security Bank of Washington 2 2.63% $5,495
RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 2.56% $9,137
EVERETT FINANCIAL, INC. 2 3.13% $6,583
EMM LOANS LLC 2 2.25% $4,709
Service Federal Credit Union 2 2.75% $3,171
DIRECTORS MORTGAGE, INC. 2 3.19% $6,282
DIRECT MORTGAGE, CORP. 2 2.25% $8,670
DATA MORTGAGE, INC. 2 2.38% $8,200
BEST CAPITAL FUNDING 2 2.38% $7,441
Zions Bancorporation, N.A. 2 2.69% $7,525
THE ANDERSON FINANCIAL GROUP, INC. 2 2.50% $842
The Huntington National Bank 2 2.75% $18,376
UNITED MORTGAGE CORP. 2 3.19% $13,061
UNITED SECURITY FINANCIAL CORP 2 2.00% $2,247
AMERICA FIRST 2 2.50% $5,910
ALAMEDA MORTGAGE CORPORATION 2 2.50% $11,268
Western State Bank 2 2.81% $1,256
Colonial Savings, F.A. 1 3.00% $30,252
Peoples National Bank , N.A. 1 2.75% $2,739
Peoples Bank 1 2.25% $3,502
Flanagan State Bank 1 2.75% $14,091
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 2.38% $4,794
CASTLE & COOKE MORTGAGE, LLC 1 3.25% $2,809
Golden Empire Mortgage, Inc. 1 2.88% $10,324
HANCOCK MORTGAGE PARTNERS, LLC 1 3.13% $12,289
BLUELEAF LENDING, LLC 1 2.38% $2,398
BLACK HILLS FEDERAL CREDIT UNION 1 2.63% $3,037
Alerus Financial 1 2.75% $1,382
T2 FINANCIAL LLC 1 2.88% $7,817
BBVA USA 1 3.13% $8,038
MLD MORTGAGE INC. 1 2.38% $3,255
KeyBank 1 2.50% $12,290
Bank of the West 1 3.75% $12,538
NuVision Federal Credit Union 1 2.38% $11,593
HomeStreet Bank 1 2.50% $2,791
MANN FINANCIAL INC. 1 3.38% $19,620
THRIVE MORTGAGE, LLC 1 2.75% $5,872
THRIVENT Federal Credit Union 1 2.63% $5,972
IDAHO CENTRAL 1 2.25% $3,487
Network Funding, L.P. 1 3.25% $17,451
Atlantic Union Bank 1 3.13% $40,526
Arvest Bank 1 2.75% $1,900
JAMES B. NUTTER & COMPANY 1 2.38% $2,053
JMJ FINANCIAL GROUP 1 2.75% $2,645
WESTSTAR MORTGAGE CORPORATION 1 1.75% $14,858
MEMBER FIRST MORTGAGE, LLC 1 3.25% $22,224
AmRes Corporation 1 2.25% $4,753
Ameris Bank 1 2.38% $10,249
Jonah Bank of Wyoming 1 2.25% $706
NATIONS RELIABLE LENDING, LLC 1 2.25% $1,164
VAN DYK MORTGAGE CORPORATION 1 2.63% $3,056
RANLIFE, INC. 1 2.88% $4,327
American Mortgage & Equity Consultants, Inc. 1 2.50% $16,237
AMERICAN INTERNET MORTGAGE, INC. 1 2.25% $8,301
ROYAL UNITED MORTGAGE LLC 1 2.63% $21,247
Victorian Finance, LLC 1 2.50% $4,350
PRIORITY HOME LENDING, LLC 1 2.75% $4,358
AMERICAN HERITAGE LENDING, INC. 1 2.75% $10,774
AMERICAN ADVISORS GROUP 1 3.25% $2,726
LAND HOME FINANCIAL SERVICES, INC. 1 3.00% $6,747
Allied First Bank,sb 1 2.25% $3,877
First Horizon Bank 1 3.00% $27,448
First International Bank & Trust 1 3.00% $2,602
COUNTRYPLACE MORTGAGE, LTD. 1 4.75% $2,327
Core Bank 1 2.50% $4,551
Presidential Bank, FSB 1 2.25% $50
Columbia State Bank 1 2.88% $7,018

The top Phoenix VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 2,542 VA loans originated. Their average total fees are $3,716, which is $2,444 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Phoenix VA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($1,756), Lakeview Community Capital, LLC ($2,618), LAKEVIEW LOAN SERVICING, LLC ($2,777), PENTAGON FEDERAL CREDIT UNION ($3,354) and FREEDOM MORTGAGE CORPORATION ($3,716).

The lowest rate Phoenix VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.22%), LENDUS, LLC (2.26%), NP, Inc. (2.29%), CLEARPATH LENDING (2.29%) and VILLAGE CAPITAL MORTGAGE (2.31%).


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 $339,934 (6.2%) $584,601 (9.4%) 1.25 15,925
2018-02-01 $350,000 (7.0%) $598,463 (9.3%) 1.26 15,813
2018-03-01 $364,990 (8.3%) $616,768 (10.1%) 1.26 15,534
2018-04-01 $364,950 (5.0%) $617,477 (8.4%) 1.22 15,474
2018-05-01 $366,200 (4.9%) $610,590 (7.3%) 1.22 14,905
2018-06-01 $359,900 (5.9%) $592,644 (6.0%) 1.20 14,461
2018-07-01 $349,950 (4.5%) $563,850 (4.9%) 1.17 14,142
2018-08-01 $345,788 (4.8%) $550,669 (4.2%) 1.16 14,406
2018-09-01 $345,000 (4.6%) $549,912 (3.4%) 1.15 14,642
2018-10-01 $341,495 (3.5%) $553,817 (2.2%) 1.14 16,047
2018-11-01 $344,266 (4.0%) $571,404 (3.2%) 1.15 16,949
2018-12-01 $345,000 (3.0%) $579,346 (1.5%) 1.18 16,681
2019-01-01 $349,394 (2.8%) $587,862 (0.6%) 1.20 17,147
2019-02-01 $350,000 (0.0%) $592,635 (-1.0%) 1.17 17,747
2019-03-01 $362,549 (-0.7%) $606,703 (-1.6%) 1.18 17,305
2019-04-01 $373,148 (2.3%) $620,028 (0.4%) 1.18 16,698
2019-05-01 $376,232 (2.7%) $624,486 (2.3%) 1.16 15,773
2019-06-01 $384,900 (7.0%) $632,398 (6.7%) 1.18 14,485
2019-07-01 $386,187 (10.4%) $631,246 (12.0%) 1.20 13,120
2019-08-01 $391,871 (13.3%) $638,897 (16.0%) 1.23 12,038
2019-09-01 $391,921 (13.6%) $646,918 (17.6%) 1.24 11,637
2019-10-01 $386,524 (13.2%) $643,973 (16.3%) 1.23 12,860
2019-11-01 $385,000 (11.8%) $650,914 (13.9%) 1.24 12,888
2019-12-01 $384,950 (11.6%) $664,974 (14.8%) 1.28 11,871
2020-01-01 $396,495 (13.5%) $687,469 (16.9%) 1.32 11,100
2020-02-01 $400,000 (14.3%) $704,637 (18.9%) 1.29 10,195
2020-03-01 $405,000 (11.7%) $705,399 (16.3%) 1.27 9,973
2020-04-01 $376,722 (1.0%) $625,646 (0.9%) 1.17 12,571
2020-05-01 $385,000 (2.3%) $646,451 (3.5%) 1.17 11,760
2020-06-01 $434,900 (13.0%) $753,424 (19.1%) 1.27 8,679
2020-07-01 $449,990 (16.5%) $790,776 (25.3%) 1.29 7,248
2020-08-01 $449,000 (14.6%) $786,379 (23.1%) 1.28 7,026
2020-09-01 $441,500 (12.7%) $784,602 (21.3%) 1.26 7,205
2020-10-01 $439,990 (13.8%) $780,797 (21.3%) 1.26 7,498
2020-11-01 $417,500 (8.4%) $749,310 (15.1%) 1.20 7,186
2020-12-01 $412,500 (7.2%) $739,618 (11.2%) 1.21 6,003
2021-01-01 $414,900 (4.6%) $781,943 (13.7%) 1.22 5,047
2021-02-01 $418,500 (4.6%) $806,112 (14.4%) 1.20 3,809
2021-03-01 $420,000 (3.7%) $807,496 (14.5%) 1.18 3,810
2021-04-01 $432,400 (14.8%) $815,315 (30.3%) 1.16 4,045
2021-05-01 $450,000 (16.9%) $823,620 (27.4%) 1.18 4,160
2021-06-01 $464,950 (6.9%) $810,420 (7.6%) 1.21 4,718
2021-07-01 $472,500 (5.0%) $790,309 (-0.1%) 1.23 5,449
2021-08-01 $475,000 (5.8%) $757,157 (-3.7%) 1.25 5,857
2021-09-01 $475,000 (7.6%) $753,167 (-4.0%) 1.25 6,113
2021-10-01 $485,000 (10.2%) $760,316 (-2.6%) 1.28 6,283
2021-11-01 $484,731 (16.1%) $769,681 (2.7%) 1.28 6,129
2021-12-01 $486,000 (17.8%) $774,932 (4.8%) 1.30 5,483
2022-01-01 $495,000 (19.3%) $804,557 (2.9%) 1.32 4,533
2022-02-01 $499,900 (19.5%) $847,843 (5.2%) 1.27 3,970
2022-03-01 $501,500 (19.4%) $869,310 (7.7%) 1.24 3,900
2022-04-01 $525,000 (21.4%) $880,312 (8.0%) 1.24 4,452
2022-05-01 $549,850 (22.2%) $860,492 (4.5%) 1.23 6,952
2022-06-01 $548,500 (18.0%) $821,922 (1.4%) 1.22 10,057
2022-07-01 $525,000 (11.1%) $747,355 (-5.4%) 1.17 14,095
2022-08-01 $499,950 (5.3%) $711,195 (-6.1%) 1.15 16,250
Phoenix's median listing price for 2022-08-01 was $499,950, a difference of $24,950 (5.3%) versus the prior year and $-25,050 versus the prior month.

Phoenix's median listing price comes in at 115% of the national average.

Phoenix's average listing price for 2022-08-01 was $711,195, a difference of $-45,962 (-6.1%) versus the prior year and $-36,160 versus the prior month.

For the 2022-08-01 period, Phoenix had 16,250 MLS listings, a difference of 2,155 listings (15%) versus the prior month and 10,393 listings (177%) 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 64 days 2,157 sqft
2018-02-01 50 days 2,193 sqft
2018-03-01 46 days 2,249 sqft
2018-04-01 46 days 2,248 sqft
2018-05-01 46 days 2,254 sqft
2018-06-01 48 days 2,223 sqft
2018-07-01 49 days 2,183 sqft
2018-08-01 49 days 2,161 sqft
2018-09-01 48 days 2,156 sqft
2018-10-01 45 days 2,139 sqft
2018-11-01 46 days 2,142 sqft
2018-12-01 55 days 2,133 sqft
2019-01-01 63 days 2,129 sqft
2019-02-01 52 days 2,140 sqft
2019-03-01 50 days 2,181 sqft
2019-04-01 49 days 2,223 sqft
2019-05-01 50 days 2,227 sqft
2019-06-01 52 days 2,250 sqft
2019-07-01 55 days 2,268 sqft
2019-08-01 57 days 2,284 sqft
2019-09-01 49 days 2,292 sqft
2019-10-01 43 days 2,242 sqft
2019-11-01 45 days 2,224 sqft
2019-12-01 55 days 2,210 sqft
2020-01-01 63 days 2,220 sqft
2020-02-01 49 days 2,229 sqft
2020-03-01 43 days 2,215 sqft
2020-04-01 38 days 2,104 sqft
2020-05-01 51 days 2,124 sqft
2020-06-01 60 days 2,231 sqft
2020-07-01 49 days 2,219 sqft
2020-08-01 36 days 2,183 sqft
2020-09-01 32 days 2,141 sqft
2020-10-01 31 days 2,126 sqft
2020-11-01 38 days 2,033 sqft
2020-12-01 43 days 2,000 sqft
2021-01-01 45 days 2,002 sqft
2021-02-01 36 days 1,993 sqft
2021-03-01 32 days 1,989 sqft
2021-04-01 31 days 1,989 sqft
2021-05-01 30 days 2,002 sqft
2021-06-01 29 days 1,999 sqft
2021-07-01 29 days 2,001 sqft
2021-08-01 30 days 2,008 sqft
2021-09-01 32 days 1,995 sqft
2021-10-01 32 days 2,007 sqft
2021-11-01 35 days 2,012 sqft
2021-12-01 38 days 1,996 sqft
2022-01-01 40 days 1,990 sqft
2022-02-01 33 days 1,972 sqft
2022-03-01 30 days 1,949 sqft
2022-04-01 27 days 1,975 sqft
2022-05-01 23 days 1,980 sqft
2022-06-01 25 days 1,978 sqft
2022-07-01 30 days 1,943 sqft
2022-08-01 38 days 1,922 sqft
Phoenix's median listing age (time on market) for 2022-08-01 was 38 days. This is 27% longer than the same period one year ago.

Phoenix's median square footage for active listings during the 2022-08-01 period was 1,922 sqft. One year prior, the average listing was 2,008 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.