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 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
6.39%
for the week of 2023-01-27, compared to the national average (all VA variants) of
5.952% for the same period.
Prescott Valley's average VA mortgage closing costs are $5,690.
The average rate for the prior week (2023-01-20) was
6.12% and
one month ago for the week of 2022-12-23, the
average rate was 6.49%.
The average rate one year ago was 3.79%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.13%.
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 |
2021 Avg. 30yFix Rate |
2021 Avg. Closing Costs |
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 MORTGAGE
|
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 MORTGAGE ($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 MORTGAGE (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.