Prescott Valley VA Loan Rates, Closing Costs & Stats

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 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 6.5% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

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

    The average rate for the prior week (2023-05-19) was 5.93% and one month ago for the week of 2023-04-21, the average rate was 5.85%.

    The average rate one year ago was 5.12%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.07%.

    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.