Prescott Valley VA Loans

PRESCOTT VALLEY-PRESCOTT, 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 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 138 lenders originated 2,062 VA loans during 2021. The total origination value was $632,100,000, with an average VA loan value of $306,547.

    Prescott Valley VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Prescott Valley averaged 5.48% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.49% and one month ago for the week of 2022-04-15, the average rate was 5.15%.

    The average rate one year ago was 3.04%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.43%.

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

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FREEDOM MORTGAGE CORPORATION 182 2.37% $3,351
    QUICKEN LOANS, LLC 136 2.41% $5,981
    UNITED WHOLESALE MORTGAGE, LLC 100 2.48% $6,940
    Mortgage Research Center, LLC 92 2.88% $7,946
    PENNYMAC LOAN SERVICES, LLC 82 2.39% $5,586
    GUILD MORTGAGE COMPANY 71 2.82% $6,284
    NEW DAY FINANCIAL, LLC 61 2.77% $8,757
    LOANDEPOT.COM, LLC 55 2.45% $5,938
    VILLAGE CAPITAL & INVESTMENT LLC 55 2.38% $3,447
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 55 2.91% $8,228
    CLEARPATH LENDING 49 2.26% $4,836
    HOMEOWNERS FINANCIAL GROUP USA, LLC 47 2.94% $5,865
    LAKEVIEW LOAN SERVICING, LLC 44 2.48% $3,267
    HOME POINT FINANCIAL CORPORATION 42 2.54% $5,876
    USAA Federal Savings Bank 37 2.87% $4,119
    LHM FINANCIAL CORPORATION 34 2.76% $7,854
    NAVY FEDERAL CREDIT UNION 34 2.40% $4,255
    BROKER SOLUTIONS, INC. 32 2.63% $5,187
    The Federal Savings Bank 31 2.49% $10,257
    Wells Fargo Bank 26 2.72% $3,474
    Wallick & Volk, Inc. 25 3.08% $8,411
    PRIMELENDING, A PLAINSCAPITAL COMPANY 25 3.22% $9,429
    CALIBER HOME LOANS, INC. 24 2.58% $4,969
    NEWREZ LLC 22 2.71% $3,893
    UNION HOME MORTGAGE CORP. 18 2.72% $5,180
    Mr. Cooper ( Nationstar Mortgage ) 18 2.77% $4,031
    Paramount Residential Mortgage Group, Inc. 18 2.65% $5,154
    NOVA FINANCIAL & INVESTMENT CORPORATION 17 3.09% $3,956
    NFM, INC. 16 2.89% $9,341
    PLANET HOME LENDING, LLC 15 2.36% $3,531
    V.I.P. MORTGAGE, INC. 14 2.91% $10,990
    HOMEBRIDGE FINANCIAL SERVICES, INC. 14 2.54% $5,176
    SUN WEST MORTGAGE COMPANY, INC. 14 2.48% $5,012
    Carrington Mortgage Services, LLC 14 3.23% $5,200
    PLAZA HOME MORTGAGE, INC. 13 2.65% $5,588
    STEARNS LENDING, LLC 13 2.52% $6,639
    Neighborhood Loans, Inc. 13 3.20% $6,758
    Nations Lending Corporation 12 2.89% $8,306
    ON Q FINANCIAL, INC. 11 3.01% $6,399
    FINANCE OF AMERICA MORTGAGE LLC 11 2.82% $8,017
    AMERISAVE MORTGAGE CORPORATION 11 2.74% $6,335
    AMERICAN FINANCIAL NETWORK, INC. 10 2.88% $9,205
    SOVEREIGN LENDING GROUP INCORPORATED 10 2.65% $7,641
    AMERICAN PACIFIC MORTGAGE CORPORATION 9 2.83% $7,788
    InterContinental Capital Group, Inc 9 2.54% $7,375
    Amerifirst Financial, Inc. 9 2.64% $7,150
    MUTUAL OF OMAHA MORTGAGE, INC. 8 2.56% $5,565
    First Guaranty Mortgage Corporation 8 2.45% $5,824
    North American Savings Bank, F.S.B. 8 2.42% $2,077
    LOANPAL, LLC 8 2.38% $10,811
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 2.83% $10,294
    Magnolia Bank 8 2.58% $12,186
    MOVEMENT MORTGAGE, LLC 8 2.70% $5,349
    MORIA DEVELOPMENT, INC. 8 3.11% $11,573
    NP, Inc. 7 2.30% $4,821
    GUARANTEED RATE, INC. 7 2.80% $6,468
    Barrington Bank & Trust Company, N.A. 6 2.43% $5,087
    Flagstar Bank, FSB 6 2.60% $7,812
    Loan Simple, Inc. 6 2.79% $7,604
    BAY EQUITY LLC 5 2.57% $10,978
    CMG MORTGAGE, INC. 5 2.38% $7,488
    CROSSCOUNTRY MORTGAGE, LLC 5 2.45% $4,598
    Low VA Rates, LLC 5 2.53% $4,335
    LADERA LENDING, INC. 4 2.47% $9,559
    Lakeview Community Capital, LLC 4 2.47% $1,688
    PENTAGON FEDERAL CREDIT UNION 4 2.28% $1,030
    NETWORK CAPITAL FUNDING CORPORATION 4 2.31% $3,047
    ACADEMY MORTGAGE CORPORATION 4 3.41% $5,604
    Waterstone Mortgage Corporation 4 2.69% $12,967
    CELEBRITY HOME LOANS, LLC 4 3.22% $8,935
    SUNSTREET MORTGAGE, LLC 4 2.97% $3,114
    NBKC BANK 3 2.50% $2,399
    AMERICAN FINANCING CORPORATION 3 2.58% $3,586
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.17% $7,646
    Commerce Home Mortgage, Inc. 3 2.67% $2,610
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 2.79% $10,144
    Mid-Continent Funding, Inc. 3 3.08% $11,780
    Prime Choice Funding Inc. 3 2.33% $8,511
    Sierra Pacific Mortgage Company, Inc. 3 2.50% $7,159
    STARBOARD FINANCIAL MANAGEMENT, LLC 3 2.50% $4,233
    WESTERN EXPRESS LENDING 3 2.58% $2,045
    TOWNE MORTGAGE COMPANY 2 2.81% $9,130
    Zions Bancorporation, N.A. 2 2.38% $4,357
    ENVOY MORTGAGE, LTD 2 2.69% $4,493
    INTERCAP LENDING INC. 2 2.69% $4,040
    Wyndham Capital Mortgage, Inc. 2 2.44% $20,022
    ACCELERATE MORTGAGE, LLC 2 2.62% $5,435
    SUBURBAN MORTGAGE, INC. 2 2.44% $2,042
    KS StateBank 2 2.38% $8,618
    Prosperity Home Mortgage, LLC 2 2.63% $2,411
    First Federal Bank 2 2.81% $9,537
    Alaska USA Federal Credit Union 2 2.50% $5,855
    GENEVA FINANCIAL, LLC 2 3.31% $4,106
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 3.31% $3,803
    TJC Mortgage, Inc. 2 2.00% $4,516
    Plains Commerce Bank 1 2.63% $8,015
    DIRECTORS MORTGAGE, INC. 1 3.63% $12,744
    COUNTRYPLACE MORTGAGE, LTD. 1 4.38% $13,077
    PREMIER LENDING, INC. 1 2.38% $3,157
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.38% $2,422
    Community First National Bank 1 2.75% $2,793
    CITYWIDE HOME LOANS, LLC 1 3.25% $11,843
    S1L, Inc. 1 2.88% $7,093
    SFMC, LP 1 2.50% $4,289
    SOUTHWEST STAGE FUNDING, LLC 1 2.75% $10,656
    Capital Bank 1 2.25% $2,036
    CANOPY MORTGAGE, LLC 1 2.38% $3,132
    SUMMIT FUNDING, INC. 1 2.99% $6,642
    SUN AMERICAN MORTGAGE COMPANY 1 2.88% $5,119
    Cache Valley Bank 1 3.00% $4,494
    Bell Bank 1 2.63% $12,130
    BELEM SERVICING LLC 1 2.25% $4,801
    BECKAM FUNDING CORP. 1 3.88% $14,980
    UNITED SECURITY FINANCIAL CORP 1 1.75% $2,842
    BAYSHORE MORTGAGE FUNDING, LLC 1 3.25% $3,278
    Bank of America 1 2.38% $0
    AXIA FINANCIAL, LLC 1 2.88% $10,563
    AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $14,603
    ALTITUDE FINANCIAL CORPORATION 1 2.63% $2,369
    Watermark Capital, Inc. 1 2.50% $12,037
    Meridian Bank Corporation 1 2.38% $3,991
    LENDUS, LLC 1 2.50% $5,371
    Lend Smart Mortgage, LLC 1 2.75% $9,219
    LEADERONE FINANCIAL CORPORATION 1 2.25% $23,171
    MOUNTAIN AMERICA 1 2.00% $3,926
    INTERNATIONAL CITY MORTGAGE, INC. 1 2.75% $4,909
    INSPIRE HOME LOANS INC. 1 2.88% $5,778
    Hometown Lenders, Inc. 1 3.25% $7,352
    HOMESIDE FINANCIAL, LLC 1 2.50% $5,677
    Home Mortgage Alliance Corp 1 2.25% $6,880
    GSF Mortgage Corporation 1 3.75% $650
    Goldwater Bank, N.A. 1 2.63% $6,733
    NEW WEST LENDING, INC. 1 2.25% $11,627
    First National Bank Texas 1 2.38% $18,785
    First Home Bank 1 2.75% $1,645
    Evolve Bank & Trust 1 3.00% $22,471
    EMBRACE HOME LOANS, INC. 1 2.88% $4,025
    PINNACLE LENDING GROUP, INC. 1 2.75% $3,716

    The top Prescott Valley VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 182 VA loans originated. Their average total fees are $3,351, which is $2,630 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Prescott Valley VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($3,267), FREEDOM MORTGAGE CORPORATION ($3,351), VILLAGE CAPITAL & INVESTMENT LLC ($3,447), Wells Fargo Bank ($3,474) and PLANET HOME LENDING, LLC ($3,531).

    The lowest rate Prescott Valley VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.26%), PLANET HOME LENDING, LLC (2.36%), FREEDOM MORTGAGE CORPORATION (2.37%), VILLAGE CAPITAL & INVESTMENT LLC (2.38%) and PENNYMAC LOAN SERVICES, LLC (2.39%).

    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.