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 221 lenders originated 7,006 VA loans during 2023. The total origination value was $3,052,510,000, with an average VA loan value of $435,699.

    Phoenix VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Phoenix averaged 6.28% for the week of 2024-10-25, compared to the national average (all VA variants) of 6.14% for the same period.

    Phoenix's average VA mortgage closing costs are $6,958.

    The average rate for the prior week (2024-10-18) was 5.99% and one month ago for the week of 2024-09-20, the average rate was 5.29%.

    The average rate one year ago was 7.21%.

    For refis of the same type during the week of 2024-10-25, the average rate was 6.27%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 861 6.12% $10,174
    Mortgage Research Center, LLC 486 6.53% $8,225
    QUICKEN LOANS, LLC 379 5.97% $13,820
    LOANDEPOT.COM, LLC 290 5.74% $15,701
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 287 6.26% $10,068
    DHI MORTGAGE COMPANY, LTD. 236 5.34% $8,808
    NAVY FEDERAL CREDIT UNION 209 5.69% $7,669
    EAGLE HOME MORTGAGE, LLC 195 5.18% $6,745
    HOMEAMERICAN MORTGAGE CORPORATION 162 5.35% $5,724
    PENNYMAC LOAN SERVICES, LLC 130 5.57% $12,173
    FREEDOM MORTGAGE CORPORATION 129 6.41% $19,388
    NFM, INC. 127 5.58% $11,798
    NOVA FINANCIAL & INVESTMENT CORPORATION 126 6.25% $8,608
    V.I.P. MORTGAGE, INC. 120 6.42% $11,270
    CROSSCOUNTRY MORTGAGE, LLC 114 6.50% $10,611
    South Pacific Financial Corporation 113 5.62% $10,687
    PULTE MORTGAGE LLC 100 5.42% $5,402
    VELOCIO MORTGAGE L.L.C. 96 5.50% $9,802
    The Federal Savings Bank 87 6.06% $23,255
    AMERICAN PACIFIC MORTGAGE CORPORATION 85 6.46% $14,878
    Paramount Residential Mortgage Group, Inc. 78 6.35% $11,935
    INSPIRE HOME LOANS INC. 75 5.56% $9,272
    USAA Federal Savings Bank 73 6.37% $11,740
    ACADEMY MORTGAGE CORPORATION 65 6.55% $12,050
    CMG MORTGAGE, INC. 64 6.14% $15,341
    NEW DAY FINANCIAL, LLC 63 7.36% $17,042
    Plains Commerce Bank 58 5.91% $12,897
    KBHS HOME LOANS, LLC 58 5.31% $13,089
    MATTAMY HOME FUNDING, LLC 51 5.61% $13,422
    GUILD MORTGAGE COMPANY 46 6.30% $15,046
    MOVEMENT MORTGAGE, LLC 45 6.46% $14,364
    Nations Lending Corporation 45 6.24% $12,359
    Mr. Cooper ( Nationstar Mortgage ) 43 6.03% $16,933
    GUARANTEED RATE, INC. 42 6.22% $7,953
    HOMEOWNERS FINANCIAL GROUP USA, LLC 41 6.11% $9,328
    Flagstar Bank, FSB 38 6.35% $9,759
    PRIMELENDING, A PLAINSCAPITAL COMPANY 38 6.34% $8,800
    NEWREZ LLC 37 6.28% $13,886
    Waterstone Mortgage Corporation 36 5.86% $17,397
    CARDINAL FINANCIAL 36 6.34% $15,018
    ZILLOW HOME LOANS, LLC 35 6.20% $11,322
    GUARANTEED RATE AFFINITY, LLC 35 6.25% $7,908
    AMERISAVE MORTGAGE CORPORATION 32 5.77% $19,481
    Equity Prime Mortgage LLC 31 6.64% $12,588
    VILLAGE CAPITAL MORTGAGE 31 6.22% $11,229
    ON Q FINANCIAL, INC. 30 5.99% $10,076
    Bell Bank 29 6.36% $8,795
    BROKER SOLUTIONS, INC. 28 6.31% $17,623
    BROOKHOLLOW MORTGAGE SERVICES, LTD 27 5.45% $10,909
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 27 6.01% $7,449
    BAY EQUITY LLC 26 6.38% $8,650
    GENEVA FINANCIAL, LLC 25 6.65% $11,758
    MORTGAGE SOLUTIONS OF COLORADO, LLC 25 7.51% $4,833
    Wells Fargo Bank 25 5.70% $7,400
    First Western Trust Bank 24 6.21% $12,065
    Barrington Bank & Trust Company, N.A. 23 6.20% $13,517
    MORIA DEVELOPMENT, INC. 23 6.65% $12,073
    AMERICAN FINANCIAL NETWORK, INC. 22 6.45% $8,298
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 21 6.25% $11,990
    SUN WEST MORTGAGE COMPANY, INC. 20 6.62% $13,262
    MUTUAL OF OMAHA MORTGAGE, INC. 20 6.08% $14,398
    Magnolia Bank 20 5.94% $20,057
    LOANPAL, LLC 19 5.79% $12,711
    PACIFIC RESIDENTIAL MORTGAGE, LLC 18 6.30% $13,286
    NBKC BANK 17 5.81% $9,121
    Sunflower Bank 17 6.03% $15,214
    PLAZA HOME MORTGAGE, INC. 17 5.95% $16,962
    PENTAGON FEDERAL CREDIT UNION 17 5.35% $10,891
    Shea Mortgage Inc. 15 5.27% $3,585
    American Mortgage & Equity Consultants, Inc. 15 5.89% $13,132
    Wallick & Volk, Inc. 15 6.58% $10,565
    STARBOARD FINANCIAL MANAGEMENT, LLC 15 6.39% $14,870
    JPMorgan Chase Bank 15 5.76% $8,855
    PLANET HOME LENDING, LLC 14 5.76% $11,496
    VERITAS FUNDING, LLC 14 6.25% $23,545
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 14 5.79% $14,744
    LEADERONE FINANCIAL CORPORATION 13 6.66% $12,777
    Neighborhood Loans, Inc. 13 6.04% $19,110
    SUMMIT FUNDING, INC. 13 6.71% $10,006
    U.S. Bank 13 5.77% $16,559
    HOMEBRIDGE FINANCIAL SERVICES, INC. 12 6.34% $9,961
    FBC MORTGAGE, LLC 12 6.11% $9,398
    The Loan Store, Inc. 12 6.29% $9,897
    NATIONS DIRECT MORTGAGE, LLC 12 6.73% $14,341
    Prosperity Home Mortgage, LLC 12 5.70% $10,165
    Armed Forces Bank 11 5.85% $11,740
    Century Mortgage Company DBA Century Lending Company 11 6.76% $8,730
    LAKEVIEW LOAN SERVICING, LLC 10 5.96% $20,554
    TOWNE MORTGAGE COMPANY 10 6.27% $10,783
    CITYWIDE HOME LOANS, LLC 10 6.01% $14,931
    SECURITYNATIONAL MORTGAGE COMPANY 10 6.33% $16,503
    CASTLE & COOKE MORTGAGE, LLC 9 6.18% $12,316
    TBI MORTGAGE COMPANY 9 6.68% $11,474
    NEW WEST LENDING, INC. 9 6.57% $9,717
    SWBC MORTGAGE CORPORATION 9 6.19% $10,359
    Strong Home Mortgage, LLC 9 5.47% $14,475
    ALTITUDE FINANCIAL CORPORATION 8 6.39% $7,457
    MORTGAGEONE, INC. 8 7.05% $10,448
    MASON MCDUFFIE MORTGAGE CORPORATION 8 6.76% $14,682
    SOVEREIGN LENDING GROUP INCORPORATED 8 5.37% $19,727
    LADERA LENDING, INC. 8 6.16% $15,995
    Franklin Loan Corporation 8 6.16% $20,816
    First National Bank Texas 7 6.36% $10,008
    THE MORTGAGE LINK, INC. 7 6.95% $21,411
    MANN FINANCIAL INC. 7 6.84% $11,626
    INTERLINC MORTGAGE SERVICES, LLC 7 6.45% $21,605
    Sierra Pacific Mortgage Company, Inc. 7 6.14% $9,415
    NexBank 7 5.86% $12,046
    PREMIER LENDING, INC. 6 6.17% $15,432
    Mid-Continent Funding, Inc. 6 6.10% $11,743
    SFMC, LP 6 6.58% $13,325
    AXIA FINANCIAL, LLC 6 6.19% $7,671
    UNION HOME MORTGAGE CORP. 6 6.48% $11,048
    ENVOY MORTGAGE, LTD 6 6.19% $14,988
    CALIBER HOME LOANS, INC. 6 5.54% $17,846
    CALCON MUTUAL MORTGAGE LLC 5 6.40% $22,185
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.13% $18,049
    First Savings Bank 5 6.13% $18,447
    ALAMEDA MORTGAGE CORPORATION 5 6.67% $10,531
    AMERICAN FINANCIAL RESOURCES, INC. 5 7.13% $6,350
    OCMBC, INC. 4 5.94% $4,898
    HOMESIDE FINANCIAL, LLC 4 6.84% $11,193
    INTERCAP LENDING INC. 4 6.78% $16,478
    Alaska USA Federal Credit Union 4 6.56% $5,423
    First State Bank of St. Charles, Missouri 4 6.63% $9,615
    MID AMERICA MORTGAGE, INC. 4 6.44% $14,051
    CORNERSTONE HOME LENDING, INC. 4 6.72% $7,092
    CANOPY MORTGAGE, LLC 4 6.31% $11,639
    NEST HOME LENDING, LLC 4 5.96% $1,179
    The Central Trust Bank 4 6.25% $4,662
    SUN AMERICAN MORTGAGE COMPANY 4 6.34% $13,122
    CHERRY CREEK MORTGAGE, LLC 4 6.44% $6,459
    CHURCHILL MORTGAGE CORPORATION 4 7.16% $12,017
    CITY FIRST MORTGAGE SERVICES, L.L.C. 4 6.59% $9,399
    RESIDENTIAL BANCORP 3 5.79% $15,664
    ARIZONA 3 6.13% $17,747
    BNC National Bank 3 5.42% $15,240
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 3 6.08% $13,440
    DIRECT MORTGAGE, CORP. 3 6.46% $14,123
    DAS Acquisition Company, LLC 3 7.29% $13,357
    AHL FUNDING 3 6.88% $8,363
    MICHIGAN MUTUAL, INC. 3 6.42% $12,168
    PREMIA MORTGAGE, LLC 3 6.04% $17,267
    First Federal Bank 3 6.08% $5,769
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 6.12% $19,418
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.29% $18,259
    ISERVE RESIDENTIAL LENDING, LLC 2 5.75% $17,485
    INTELLILOAN, INC. 2 6.81% $2,816
    RESIDENTIAL MORTGAGE, LLC 2 6.69% $18,147
    CLIFFCO, INC. 2 7.06% $16,781
    Bank of England 2 5.75% $11,006
    HUNT MORTGAGE CORPORATION 2 6.38% $8,477
    Performance Financial, Inc. 2 6.00% $4,400
    PHH Mortgage Corporation 2 6.69% $8,521
    Citizens Bank 2 6.44% $13,858
    GARDNER FINANCIAL SERVICES, LTD. 2 6.94% $13,484
    S1L, Inc. 2 6.81% $9,396
    VAN DYK MORTGAGE CORPORATION 2 7.38% $5,363
    EVERETT FINANCIAL, INC. 2 5.94% $23,628
    Loan Simple, Inc. 2 6.50% $12,159
    GSF Mortgage Corporation 2 6.75% $4,895
    Gateway First Bank 2 5.44% $13,361
    Cornerstone First Mortgage, Inc 2 6.63% $18,096
    CONTOUR MORTGAGE CORPORATION 2 5.81% $11,222
    THRIVE MORTGAGE, LLC 2 6.63% $8,611
    LHM FINANCIAL CORPORATION 2 5.50% $15,425
    First International Bank & Trust 2 6.13% $4,818
    JMJ FINANCIAL GROUP 2 6.69% $17,846
    North American Savings Bank, F.S.B. 2 6.94% $12,395
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.00% $24,323
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.44% $20,249
    Golden Empire Mortgage, Inc. 2 6.50% $9,674
    NBH Bank 1 6.75% $4,730
    Allied First Bank,sb 1 5.50% $10,603
    AMERICAN FINANCING CORPORATION 1 6.50% $14,914
    BAY-VALLEY MORTGAGE GROUP 1 6.13% $9,194
    BELEM SERVICING LLC 1 4.75% $12,062
    BOKF 1 6.13% $5,955
    CREDIT UNION WEST 1 7.13% $5,128
    CUSTOMER SERVICE MORTGAGE CORPORATION 1 6.13% $8,041
    DIRECTORS MORTGAGE, INC. 1 5.63% $22,189
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $4,552
    EagleBank 1 5.50% $16,537
    EMBRACE HOME LOANS, INC. 1 6.25% $19,164
    EMM LOANS LLC 1 6.50% $19,149
    Enterprise Bank & Trust 1 6.25% $10,080
    FINANCE OF AMERICA MORTGAGE LLC 1 5.25% $12,134
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.00% $2,106
    First Credit Union 1 6.75% $8,327
    First Option Mortgage, LLC 1 6.75% $35,421
    FISHER FINANCIAL GROUP, INCORPORATED 1 5.50% $12,747
    FLAT BRANCH MORTGAGE, INC. 1 7.63% $14,752
    GoPrime Mortgage, Inc. 1 7.38% $16,238
    INFINITY EQUITY GROUP, INC. 1 5.75% $8,022
    INTERNATIONAL CITY MORTGAGE, INC. 1 4.25% $6,011
    Keystone Funding, Inc. 1 6.13% $7,196
    LEGEND LENDING CORPORATION 1 6.75% $18,871
    Merchants Bank 1 6.00% $5,686
    MidFirst Bank 1 6.25% $10,535
    ML Mortgage Corp. 1 7.75% $15,459
    MOUNTAIN AMERICA 1 5.50% $4,779
    MOUNTAIN WEST FINANCIAL, INC. 1 6.75% $13,905
    NATIONS RELIABLE LENDING, LLC 1 7.13% $24,853
    1st Security Bank of Washington 1 6.13% $4,524
    NETWORK CAPITAL FUNDING CORPORATION 1 6.50% $12,398
    Northpointe Bank 1 6.13% $11,074
    OAKTREE FUNDING CORP. 1 5.13% $16,140
    PANORAMA MORTGAGE GROUP, LLC 1 6.25% $32,257
    PINNACLE LENDING GROUP, INC. 1 5.75% $19,372
    PNC Bank 1 6.25% $19,812
    POINT Mortgage 1 7.75% $4,830
    SOUTHWEST STAGE FUNDING, LLC 1 7.00% $871
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $28,378
    TJC Mortgage, Inc. 1 7.63% $11,191
    TOP FLITE FINANCIAL, INC. 1 6.25% $20,788
    Tradition Mortgage, LLC 1 6.75% $14,599
    TruHome Solutions, LLC 1 5.38% $8,654
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.50% $0
    Watermark Capital, Inc. 1 5.38% $15,526
    Willamette Valley Bank 1 6.25% $28,937
    Zions Bank 1 6.25% $5,722

    The top Phoenix VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 861 VA loans originated. Their average total fees are $10,174, which is $1,948 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Phoenix VA lenders (with over 10 loans originated) are Shea Mortgage Inc. ($3,585), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,833), PULTE MORTGAGE LLC ($5,402), HOMEAMERICAN MORTGAGE CORPORATION ($5,724) and EAGLE HOME MORTGAGE, LLC ($6,745).

    The lowest rate Phoenix VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.18%), Shea Mortgage Inc. (5.27%), KBHS HOME LOANS, LLC (5.31%), DHI MORTGAGE COMPANY, LTD. (5.34%) and PENTAGON FEDERAL CREDIT UNION (5.35%).

    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.