Pine Bluff VA Loan Rates, Closing Costs & Stats

PINE BLUFF, AR

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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.

    Pine Bluff's 31 lenders originated 88 VA loans during 2023. The total origination value was $18,840,000, with an average VA loan value of $214,091.

    Pine Bluff VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Pine Bluff averaged 6.42% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Pine Bluff's average VA mortgage closing costs are $4,192.

    The average rate for the prior week (2024-11-01) was 6.78% and one month ago for the week of 2024-10-04, the average rate was 5.7%.

    The average rate one year ago was 7.76%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.14%.

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

    Pine Bluff 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 Pine Bluff level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 19 7.04% $2,629
    MORTGAGE FINANCIAL SERVICES, LLC 9 6.75% $5,707
    NEW DAY FINANCIAL, LLC 8 7.75% $8,995
    QUICKEN LOANS, LLC 7 6.26% $7,266
    Simmons Bank 3 7.38% $7,581
    PINE BLUFF COTTON BELT Federal Credit Union 3 6.54% $5,559
    FirstTrust Home Loans, Inc. 3 6.75% $3,587
    GUARANTEED RATE, INC. 2 7.25% $5,756
    Mr. Cooper ( Nationstar Mortgage ) 2 6.19% $8,652
    CROSSCOUNTRY MORTGAGE, LLC 2 7.25% $3,077
    NAVY FEDERAL CREDIT UNION 2 5.56% $1,897
    Barrington Bank & Trust Company, N.A. 2 6.50% $5,268
    PILGRIM MORTGAGE LLC 1 6.50% $1,338
    PLANET HOME LENDING, LLC 1 5.88% $3,091
    SOUTHWEST STAGE FUNDING, LLC 1 5.88% $0
    TIB The Independent Bankersbank 1 6.25% $11,093
    Trustmark National Bank 1 6.25% $6,769
    USAA Federal Savings Bank 1 7.13% $3,960
    Armed Forces Bank 1 6.50% $3,726
    U.S. Bank 1 6.75% $2,991
    CARDINAL FINANCIAL 1 5.63% $5,875
    Community First National Bank 1 5.75% $9,271
    DAS Acquisition Company, LLC 1 6.13% $4,677
    ENCORE BANK 1 6.25% $11,792
    EVERETT FINANCIAL, INC. 1 6.63% $14,488
    FLAT BRANCH MORTGAGE, INC. 1 6.25% $13,966
    GSF Mortgage Corporation 1 6.63% $12,057
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.63% $0
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $10,912
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $2,831
    PENTAGON FEDERAL CREDIT UNION 1 6.63% $3,761

    The top Pine Bluff VA lender as defined by loan originations is Mortgage Research Center, LLC, with 19 VA loans originated. Their average total fees are $2,629, which is $3,078 lower than the next largest lender, MORTGAGE FINANCIAL SERVICES, LLC.

    The lowest fee Pine Bluff VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($2,629), .

    The lowest rate Pine Bluff VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.04%), .

    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.