Prescott Valley VA Loans

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 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.