Prescott Valley VA Loan Rates, Closing Costs & Stats

PRESCOTT VALLEY-PRESCOTT, AZ

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 86 lenders originated 479 VA loans during 2023. The total origination value was $192,475,000, with an average VA loan value of $401,827.

    Prescott Valley VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Prescott Valley averaged 6.82% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Prescott Valley's average VA mortgage closing costs are $6,510.

    The average rate for the prior week (2024-04-12) was 6.85% and one month ago for the week of 2024-03-15, the average rate was 6.91%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.01%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 63 6.11% $11,598
    QUICKEN LOANS, LLC 40 6.22% $12,010
    Mortgage Research Center, LLC 38 6.71% $8,335
    GUILD MORTGAGE COMPANY 29 6.35% $14,071
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 6.52% $8,773
    NEW DAY FINANCIAL, LLC 15 7.25% $12,382
    NAVY FEDERAL CREDIT UNION 14 5.65% $7,215
    NFM, INC. 11 6.18% $16,162
    ON Q FINANCIAL, INC. 11 7.64% $9,734
    LOANDEPOT.COM, LLC 9 5.58% $11,752
    USAA Federal Savings Bank 9 6.15% $11,954
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.55% $7,500
    FREEDOM MORTGAGE CORPORATION 8 6.17% $18,614
    HOMEOWNERS FINANCIAL GROUP USA, LLC 8 6.61% $7,930
    Mr. Cooper ( Nationstar Mortgage ) 8 6.13% $15,257
    The Federal Savings Bank 8 5.91% $21,515
    GUARANTEED RATE, INC. 7 6.24% $13,427
    NOVA FINANCIAL & INVESTMENT CORPORATION 7 6.61% $6,742
    V.I.P. MORTGAGE, INC. 7 6.04% $17,807
    Nations Lending Corporation 6 6.65% $8,534
    Wells Fargo Bank 5 5.85% $3,886
    Paramount Residential Mortgage Group, Inc. 5 6.20% $11,983
    ACADEMY MORTGAGE CORPORATION 5 6.88% $11,969
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.12% $10,602
    Equity Prime Mortgage LLC 5 7.00% $9,505
    NEWREZ LLC 5 6.65% $7,076
    S1L, Inc. 4 6.75% $19,437
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.66% $19,511
    AMERISAVE MORTGAGE CORPORATION 4 6.03% $17,730
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.16% $11,753
    PENNYMAC LOAN SERVICES, LLC 4 5.66% $5,676
    Wallick & Volk, Inc. 4 6.75% $6,701
    Prosperity Home Mortgage, LLC 3 6.25% $14,607
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.75% $588
    PACIFIC RESIDENTIAL MORTGAGE, LLC 3 6.17% $16,979
    SUN WEST MORTGAGE COMPANY, INC. 3 6.29% $14,138
    GARDNER FINANCIAL SERVICES, LTD. 3 6.71% $13,637
    DIRECTORS MORTGAGE, INC. 3 6.13% $12,146
    VILLAGE CAPITAL MORTGAGE 2 6.25% $7,251
    Century Mortgage Company DBA Century Lending Company 2 5.75% $13,012
    AMERICAN FINANCIAL NETWORK, INC. 2 6.13% $462
    GUARANTEED RATE AFFINITY, LLC 2 6.16% $17,177
    BROKER SOLUTIONS, INC. 2 6.88% $8,323
    MORIA DEVELOPMENT, INC. 2 6.19% $23,387
    Waterstone Mortgage Corporation 2 6.88% $16,459
    UNION HOME MORTGAGE CORP. 2 6.44% $13,787
    PENTAGON FEDERAL CREDIT UNION 2 5.25% $9,051
    Plains Commerce Bank 2 6.44% $18,697
    PLANET HOME LENDING, LLC 2 3.88% $10,541
    PLAZA HOME MORTGAGE, INC. 2 6.19% $22,652
    CARDINAL FINANCIAL 2 6.44% $15,002
    CROSSCOUNTRY MORTGAGE, LLC 2 6.00% $10,079
    LADERA LENDING, INC. 2 6.00% $13,467
    Sierra Pacific Mortgage Company, Inc. 2 6.00% $7,193
    SOVEREIGN LENDING GROUP INCORPORATED 2 5.62% $8,651
    TOWNE MORTGAGE COMPANY 1 6.63% $19,765
    BNC National Bank 1 5.50% $7,964
    Armed Forces Bank 1 6.00% $20,746
    U.S. Bank 1 6.25% $12,774
    VERITAS FUNDING, LLC 1 6.00% $21,097
    Ameris Bank 1 6.75% $4,309
    HOMEXPRESS MORTGAGE CORP. 1 7.00% $5,976
    JPMorgan Chase Bank 1 5.88% $500
    INTERCAP LENDING INC. 1 5.63% $12,282
    LOANPAL, LLC 1 5.50% $32,220
    MANN FINANCIAL INC. 1 7.13% $5,843
    GENEVA FINANCIAL, LLC 1 7.63% $2,894
    MOVEMENT MORTGAGE, LLC 1 7.00% $4,088
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $9,971
    First Federal Bank 1 5.75% $7,480
    EVERETT FINANCIAL, INC. 1 7.50% $12,676
    NBKC BANK 1 5.63% $13,090
    ENVOY MORTGAGE, LTD 1 7.13% $9,882
    NexBank 1 6.63% $6,776
    CMG MORTGAGE, INC. 1 5.88% $17,359
    CITYWIDE HOME LOANS, LLC 1 6.13% $14,614
    PANORAMA MORTGAGE GROUP, LLC 1 5.25% $28,945
    Citibank 1 5.75% $12,561
    PNC Bank 1 6.50% $2,707
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $9,134
    CANOPY MORTGAGE, LLC 1 5.99% $11,270
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $14,538
    STARBOARD FINANCIAL MANAGEMENT, LLC 1 5.75% $11,039
    Summit Mortgage Corporation 1 6.13% $9,752
    T2 FINANCIAL LLC 1 6.38% $7,869
    THE MORTGAGE LINK, INC. 1 7.25% $12,500

    The top Prescott Valley VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 63 VA loans originated. Their average total fees are $11,598, which is $412 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 ($7,215), Mortgage Research Center, LLC ($8,335), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,773), ON Q FINANCIAL, INC. ($9,734) and UNITED WHOLESALE MORTGAGE, LLC ($11,598).

    The lowest rate Prescott Valley VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.65%), UNITED WHOLESALE MORTGAGE, LLC (6.11%), NFM, INC. (6.18%), QUICKEN LOANS, LLC (6.22%) and GUILD MORTGAGE COMPANY (6.35%).

    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.