Prescott Valley VA Loan Rates, Closing Costs & Stats

PRESCOTT VALLEY-PRESCOTT, 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.

Prescott Valley's 112 lenders originated 778 VA loans during 2022. The total origination value was $286,340,000, with an average VA loan value of $368,046.

Prescott Valley VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Prescott Valley averaged -0.1% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Prescott Valley's average VA mortgage closing costs are $6,181.

The average rate for the prior week (2024-02-16) was 6.27% and one month ago for the week of 2024-01-19, the average rate was 6.33%.

The average rate one year ago was 5.94%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.14%.

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

Prescott Valley 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 Prescott Valley level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 84 4.12% $8,733
QUICKEN LOANS, LLC 49 3.94% $13,227
Mortgage Research Center, LLC 47 4.82% $8,836
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 45 4.64% $10,496
FREEDOM MORTGAGE CORPORATION 44 3.65% $8,771
NAVY FEDERAL CREDIT UNION 28 3.77% $7,492
GUILD MORTGAGE COMPANY 25 4.32% $9,450
NFM, INC. 20 4.94% $11,398
PENNYMAC LOAN SERVICES, LLC 18 3.33% $11,685
USAA Federal Savings Bank 18 4.22% $8,859
Wallick & Volk, Inc. 17 4.43% $12,910
LOANDEPOT.COM, LLC 16 3.12% $11,623
NEW DAY FINANCIAL, LLC 16 5.26% $11,320
AMERISAVE MORTGAGE CORPORATION 13 4.38% $14,630
V.I.P. MORTGAGE, INC. 12 4.95% $11,972
HOMEOWNERS FINANCIAL GROUP USA, LLC 11 4.72% $7,665
PRIMELENDING, A PLAINSCAPITAL COMPANY 11 4.31% $8,605
Paramount Residential Mortgage Group, Inc. 11 4.66% $10,381
HOME POINT FINANCIAL CORPORATION 10 3.97% $7,822
NOVA FINANCIAL & INVESTMENT CORPORATION 9 4.96% $6,476
CALIBER HOME LOANS, INC. 9 4.78% $9,926
AMERICAN PACIFIC MORTGAGE CORPORATION 8 4.72% $14,378
ON Q FINANCIAL, INC. 8 5.28% $8,101
BROKER SOLUTIONS, INC. 8 3.67% $8,063
LHM FINANCIAL CORPORATION 8 4.09% $13,778
The Federal Savings Bank 7 3.95% $14,275
CLEARPATH LENDING 7 3.85% $9,779
UNION HOME MORTGAGE CORP. 6 3.60% $6,633
Nations Lending Corporation 6 4.52% $10,296
VILLAGE CAPITAL MORTGAGE 6 4.35% $10,370
LAKEVIEW LOAN SERVICING, LLC 6 3.10% $9,381
CMG MORTGAGE, INC. 5 4.10% $15,203
Shea Mortgage Inc. 5 5.48% $2,822
Wells Fargo Bank 5 3.55% $10,435
CROSSCOUNTRY MORTGAGE, LLC 5 5.93% $14,183
Mr. Cooper ( Nationstar Mortgage ) 5 4.48% $10,250
Barrington Bank & Trust Company, N.A. 5 3.83% $6,219
PLANET HOME LENDING, LLC 4 5.63% $22,481
Carrington Mortgage Services, LLC 4 4.09% $8,937
GENEVA FINANCIAL, LLC 4 3.84% $13,435
GUARANTEED RATE AFFINITY, LLC 4 4.94% $14,354
GUARANTEED RATE, INC. 4 4.99% $7,293
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.06% $10,416
LOANPAL, LLC 4 3.88% $16,123
Magnolia Bank 4 3.75% $14,336
MORIA DEVELOPMENT, INC. 4 4.28% $21,261
NEWREZ LLC 4 3.31% $9,944
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.54% $5,712
SUN WEST MORTGAGE COMPANY, INC. 3 4.62% $11,943
NATIONS DIRECT MORTGAGE, LLC 3 5.32% $14,472
MOVEMENT MORTGAGE, LLC 3 4.33% $2,760
FINANCE OF AMERICA MORTGAGE LLC 3 4.38% $9,958
CARDINAL FINANCIAL 3 4.50% $11,594
Loan Simple, Inc. 3 4.92% $17,344
North American Savings Bank, F.S.B. 3 4.17% $6,154
PENTAGON FEDERAL CREDIT UNION 2 2.56% $2,003
Flagstar Bank, FSB 2 4.19% $13,023
AMERICAN FINANCING CORPORATION 2 2.56% $14,294
PLAZA HOME MORTGAGE, INC. 2 4.88% $6,078
NBKC BANK 2 4.31% $10,113
Amerifirst Financial, Inc. 2 4.13% $10,009
VERITAS FUNDING, LLC 2 3.50% $13,153
AMERICAN FINANCIAL RESOURCES, INC. 2 4.81% $8,781
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 4.81% $7,793
S1L, Inc. 2 5.00% $13,059
CHERRY CREEK MORTGAGE, LLC 2 5.38% $17,720
Sierra Pacific Mortgage Company, Inc. 2 5.00% $3,249
STARBOARD FINANCIAL MANAGEMENT, LLC 2 4.88% $11,328
SUBURBAN MORTGAGE, INC. 2 5.00% $5,246
DIRECTORS MORTGAGE, INC. 2 5.69% $10,154
BAY EQUITY LLC 2 3.63% $21,185
Prime Choice Funding Inc. 1 3.63% $12,416
First Home Bank 1 3.25% $10,810
Prosperity Home Mortgage, LLC 1 6.99% $3,594
BNC National Bank 1 2.38% $63,448
RESIDENTIAL BANCORP 1 2.99% $7,671
Bell Bank 1 5.13% $9,932
SUN AMERICAN MORTGAGE COMPANY 1 5.25% $14,849
SUNSTREET MORTGAGE, LLC 1 2.88% $5,688
Texana Bank 1 5.00% $8,874
TOWNE MORTGAGE COMPANY 1 3.25% $22,607
Umpqua Bank 1 4.00% $5,097
Bank of Colorado 1 5.13% $9,379
Armed Forces Bank 1 6.38% $21,346
Glacier Bank 1 6.75% $22,572
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $3,286
VAN DYK MORTGAGE CORPORATION 1 3.63% $10,808
First Option Mortgage, LLC 1 5.63% $7,603
CALCON MUTUAL MORTGAGE LLC 1 5.63% $15,200
First Federal Bank of Kansas City 1 6.25% $11,086
HOMESIDE FINANCIAL, LLC 1 4.99% $8,306
HUNT MORTGAGE CORPORATION 1 6.38% $9,279
Lakeview Community Capital, LLC 1 2.63% $1,003
FIRST CENTENNIAL MORTGAGE CORPORATION 1 4.25% $6,420
LEADERONE FINANCIAL CORPORATION 1 3.99% $13,729
FBC MORTGAGE, LLC 1 3.75% $14,105
Low VA Rates, LLC 1 3.50% $13,643
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.75% $812
MANN FINANCIAL INC. 1 5.50% $3,327
DRAPER AND KRAMER MORTGAGE CORP. 1 5.00% $14,787
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $11,171
Cornerstone First Mortgage, Inc 1 4.75% $3,369
Commerce Home Mortgage, Inc. 1 5.13% $19,883
Neighborhood Loans, Inc. 1 3.25% $17,030
Citizens Bank 1 4.75% $10,238
CHURCHILL MORTGAGE CORPORATION 1 5.75% $5,529
OCMBC, INC. 1 3.13% $7,593
CASTLE & COOKE MORTGAGE, LLC 1 3.50% $34,755
Paramount Bank 1 4.63% $22,066
CANOPY MORTGAGE, LLC 1 2.75% $2,792
ACADEMY MORTGAGE CORPORATION 1 4.25% $16,202
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.63% $8,855

The top Prescott Valley VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 84 VA loans originated. Their average total fees are $8,733, which is $4,494 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Prescott Valley VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($7,492), HOMEOWNERS FINANCIAL GROUP USA, LLC ($7,665), HOME POINT FINANCIAL CORPORATION ($7,822), PRIMELENDING, A PLAINSCAPITAL COMPANY ($8,605) and UNITED WHOLESALE MORTGAGE, LLC ($8,733).

The lowest rate Prescott Valley VA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (3.12%), PENNYMAC LOAN SERVICES, LLC (3.33%), FREEDOM MORTGAGE CORPORATION (3.65%), NAVY FEDERAL CREDIT UNION (3.77%) and QUICKEN LOANS, LLC (3.94%).

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.