Russellville VA Loan Rates, Closing Costs & Stats

Russellville, AR

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.

Russellville's 34 lenders originated 93 VA loans during 2023. The total origination value was $20,455,000, with an average VA loan value of $219,946.

Russellville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Russellville averaged 0.33% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Russellville's average VA mortgage closing costs are $4,474.

The average rate for the prior week (2024-11-22) was 6.39% and one month ago for the week of 2024-10-25, the average rate was 6.29%.

The average rate one year ago was 6.93%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.1%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Russellville 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 Russellville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 18 6.66% $4,710
Arvest Bank 13 6.79% $5,749
QUICKEN LOANS, LLC 8 6.04% $10,891
CORNERSTONE HOME LENDING, INC. 6 6.81% $3,976
NAVY FEDERAL CREDIT UNION 5 5.65% $3,415
GMFS LLC 3 6.21% $6,136
USAA Federal Savings Bank 3 6.42% $8,719
UNION HOME MORTGAGE CORP. 2 6.06% $5,973
Mid-Continent Funding, Inc. 2 6.13% $8,020
CROSSCOUNTRY MORTGAGE, LLC 2 7.25% $7,463
FirstTrust Home Loans, Inc. 2 6.94% $3,159
LOANPAL, LLC 1 6.38% $11,331
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $5,475
NEW DAY FINANCIAL, LLC 1 6.88% $4,148
Origin Bank 1 6.25% $56
PENNYMAC LOAN SERVICES, LLC 1 5.25% $2,579
Simmons Bank 1 6.38% $2,378
STOCKTON MORTGAGE CORPORATION 1 6.25% $7,923
The Federal Savings Bank 1 5.75% $10,182
United Fidelity Funding Corp. 1 5.38% $9,450
UNITED WHOLESALE MORTGAGE, LLC 1 5.59% $32,302
U.S. Bank 1 7.25% $1,277
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $7,442
VERITAS FUNDING, LLC 1 7.13% $14,060
Bank of England 1 6.25% $13,930
CALCON MUTUAL MORTGAGE LLC 1 7.75% $735
Carrington Mortgage Services, LLC 1 7.13% $8,976
Centennial Bank 1 5.88% $8,077
Eagle Bank and Trust Company 1 7.25% $7,160
ENCORE BANK 1 6.75% $6,095
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $2,952
First Security Bank 1 7.00% $1,661
GUARANTEED RATE, INC. 1 6.25% $0
INTERLINC MORTGAGE SERVICES, LLC 1 6.75% $9,200

The top Russellville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 18 VA loans originated. Their average total fees are $4,710, which is $1,039 lower than the next largest lender, Arvest Bank.

The lowest fee Russellville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,710), Arvest Bank ($5,749), .

The lowest rate Russellville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.66%), Arvest Bank (6.79%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Russellville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $129,900 (3.9%) $172,403 (6.3%) 0.00 295
2018-02-01 $135,375 (6.3%) $172,726 (4.0%) 0.00 296
2018-03-01 $142,500 (9.7%) $180,068 (7.6%) 0.00 307
2018-04-01 $149,475 (15.1%) $190,498 (14.3%) 0.00 301
2018-05-01 $153,900 (13.0%) $191,551 (10.3%) 0.00 295
2018-06-01 $154,900 (10.7%) $192,754 (7.8%) 0.00 322
2018-07-01 $158,613 (13.4%) $192,209 (8.7%) 0.00 343
2018-08-01 $157,400 (10.5%) $192,141 (7.3%) 0.00 345
2018-09-01 $154,990 (7.6%) $192,249 (6.6%) 0.00 337
2018-10-01 $149,950 (2.2%) $191,123 (5.4%) 0.00 328
2018-11-01 $149,925 (3.5%) $194,293 (6.6%) 0.00 320
2018-12-01 $150,000 (11.5%) $191,915 (8.1%) 0.00 312
2019-01-01 $144,450 (11.2%) $185,349 (7.5%) 0.00 304
2019-02-01 $143,900 (6.3%) $184,064 (6.6%) 0.00 339
2019-03-01 $145,693 (2.2%) $185,350 (2.9%) 0.00 360
2019-04-01 $147,668 (-1.2%) $186,457 (-2.1%) 0.00 348
2019-05-01 $144,950 (-5.8%) $184,120 (-3.9%) 0.00 327
2019-06-01 $144,900 (-6.5%) $181,036 (-6.1%) 0.00 323
2019-07-01 $147,700 (-6.9%) $185,548 (-3.5%) 0.00 318
2019-08-01 $162,245 (3.1%) $191,520 (-0.3%) 0.00 318
2019-09-01 $165,764 (7.0%) $195,977 (1.9%) 0.00 305
2019-10-01 $168,109 (12.1%) $199,819 (4.6%) 0.00 295
2019-11-01 $162,450 (8.4%) $199,130 (2.5%) 0.00 288
2019-12-01 $164,075 (9.4%) $203,014 (5.8%) 0.00 282
2020-01-01 $155,375 (7.6%) $202,033 (9.0%) 0.00 252
2020-02-01 $158,700 (10.3%) $204,666 (11.2%) 0.00 235
2020-03-01 $174,300 (19.6%) $211,618 (14.2%) 0.00 248
2020-04-01 $176,425 (19.5%) $213,512 (14.5%) 0.00 253
2020-05-01 $177,200 (22.3%) $215,167 (16.9%) 0.00 220
2020-06-01 $174,850 (20.7%) $214,714 (18.6%) 0.00 207
2020-07-01 $171,200 (15.9%) $220,355 (18.8%) 0.00 196
2020-08-01 $184,950 (14.0%) $228,908 (19.5%) 0.00 194
2020-09-01 $187,000 (12.8%) $235,121 (20.0%) 0.00 163
2020-10-01 $189,900 (13.0%) $240,015 (20.1%) 0.00 152
2020-11-01 $187,400 (15.4%) $239,134 (20.1%) 0.00 166
2020-12-01 $189,400 (15.4%) $238,382 (17.4%) 0.00 153
2021-01-01 $185,000 (19.1%) $238,484 (18.0%) 0.00 148
2021-02-01 $190,900 (20.3%) $247,662 (21.0%) 0.00 82
2021-03-01 $196,283 (12.6%) $265,051 (25.3%) 0.00 111
2021-04-01 $212,750 (20.6%) $266,405 (24.8%) 0.00 106
2021-05-01 $189,950 (7.2%) $258,145 (20.0%) 0.00 92
2021-06-01 $195,775 (12.0%) $271,823 (26.6%) 0.00 95
2021-07-01 $184,900 (8.0%) $266,556 (21.0%) 0.00 92
2021-08-01 $170,700 (-7.7%) $247,904 (8.3%) 0.00 102
2021-09-01 $191,169 (2.2%) $240,388 (2.2%) 0.00 124
2021-10-01 $198,500 (4.5%) $246,545 (2.7%) 0.00 128
2021-11-01 $220,438 (17.6%) $257,551 (7.7%) 0.00 113
2021-12-01 $220,000 (16.2%) $249,705 (4.8%) 0.00 116
2022-01-01 $204,900 (10.8%) $233,254 (-2.2%) 0.00 123
2022-02-01 $204,825 (7.3%) $243,090 (-1.9%) 0.00 99
2022-03-01 $197,200 (0.5%) $251,410 (-5.2%) 0.00 93
2022-04-01 $199,900 (-6.0%) $265,396 (-0.4%) 0.00 93
2022-05-01 $207,813 (9.4%) $273,250 (5.9%) 0.00 104
2022-06-01 $219,900 (12.3%) $293,322 (7.9%) 0.00 121
2022-07-01 $217,900 (17.9%) $281,599 (5.6%) 0.00 168
2022-08-01 $223,500 (30.9%) $288,597 (16.4%) 0.00 163
2022-09-01 $220,000 (15.1%) $275,128 (14.5%) 0.00 170
2022-10-01 $235,000 (18.4%) $276,836 (12.3%) 0.00 173
2022-11-01 $222,500 (0.9%) $261,114 (1.4%) 0.00 179
2022-12-01 $215,000 (-2.3%) $258,294 (3.4%) 0.00 197
2023-01-01 $210,000 (2.5%) $259,282 (11.2%) 0.00 166
2023-02-01 $212,450 (3.7%) $267,907 (10.2%) 0.00 144
2023-03-01 $209,950 (6.5%) $263,147 (4.7%) 0.00 140
2023-04-01 $220,000 (10.1%) $292,379 (10.2%) 0.00 144
2023-05-01 $229,450 (10.4%) $305,579 (11.8%) 0.00 144
2023-06-01 $230,500 (4.8%) $307,747 (4.9%) 0.00 143
2023-07-01 $249,900 (14.7%) $316,708 (12.5%) 0.00 158
2023-08-01 $244,175 (9.3%) $323,104 (12.0%) 0.00 169
2023-09-01 $249,900 (13.6%) $333,444 (21.2%) 0.00 196
2023-10-01 $247,225 (5.2%) $331,652 (19.8%) 0.00 207
2023-11-01 $249,500 (12.1%) $331,422 (26.9%) 0.00 198
2023-12-01 $249,900 (16.2%) $328,336 (27.1%) 0.00 194
2024-01-01 $252,450 (20.2%) $325,575 (25.6%) 0.00 190
2024-02-01 $251,100 (18.2%) $326,993 (22.1%) 0.00 191
2024-03-01 $252,250 (20.2%) $320,159 (21.7%) 0.00 185
2024-04-01 $259,100 (17.8%) $320,603 (9.7%) 0.00 195
2024-05-01 $251,900 (9.8%) $316,546 (3.6%) 0.00 204
2024-06-01 $255,000 (10.6%) $321,450 (4.5%) 0.00 212
2024-07-01 $257,250 (2.9%) $315,597 (-0.4%) 0.00 230
2024-08-01 $262,450 (7.5%) $342,438 (6.0%) 0.00 225
2024-09-01 $270,850 (8.4%) $335,007 (0.5%) 0.00 239
2024-10-01 $268,350 (8.5%) $322,134 (-2.9%) 0.00 262
Russellville's median listing price for 2024-10-01 was $268,350, a difference of $21,125 (8.5%) versus the prior year and $-2,500 versus the prior month.

Russellville's median listing price comes in at 0% of the national average.

Russellville's average listing price for 2024-10-01 was $322,134, a difference of $-9,518 (-2.9%) versus the prior year and $-12,873 versus the prior month.

For the 2024-10-01 period, Russellville had 262 MLS listings, a difference of 23 listings (10%) versus the prior month and 55 listings (27%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Russellville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,697 sqft
2018-02-01 0 days 1,733 sqft
2018-03-01 0 days 1,756 sqft
2018-04-01 0 days 1,800 sqft
2018-05-01 0 days 1,841 sqft
2018-06-01 0 days 1,886 sqft
2018-07-01 0 days 1,866 sqft
2018-08-01 0 days 1,839 sqft
2018-09-01 0 days 1,809 sqft
2018-10-01 0 days 1,806 sqft
2018-11-01 0 days 1,811 sqft
2018-12-01 0 days 1,802 sqft
2019-01-01 0 days 1,737 sqft
2019-02-01 0 days 1,693 sqft
2019-03-01 0 days 1,735 sqft
2019-04-01 0 days 1,788 sqft
2019-05-01 0 days 1,691 sqft
2019-06-01 0 days 1,726 sqft
2019-07-01 0 days 1,760 sqft
2019-08-01 0 days 1,788 sqft
2019-09-01 0 days 1,777 sqft
2019-10-01 0 days 1,771 sqft
2019-11-01 0 days 1,792 sqft
2019-12-01 0 days 1,800 sqft
2020-01-01 0 days 1,771 sqft
2020-02-01 0 days 1,832 sqft
2020-03-01 0 days 1,848 sqft
2020-04-01 0 days 1,854 sqft
2020-05-01 0 days 1,828 sqft
2020-06-01 0 days 1,824 sqft
2020-07-01 0 days 1,811 sqft
2020-08-01 0 days 1,874 sqft
2020-09-01 0 days 1,960 sqft
2020-10-01 0 days 1,843 sqft
2020-11-01 0 days 1,833 sqft
2020-12-01 0 days 1,903 sqft
2021-01-01 0 days 1,840 sqft
2021-02-01 0 days 1,864 sqft
2021-03-01 0 days 1,964 sqft
2021-04-01 0 days 2,107 sqft
2021-05-01 0 days 1,944 sqft
2021-06-01 0 days 1,937 sqft
2021-07-01 0 days 1,784 sqft
2021-08-01 0 days 1,651 sqft
2021-09-01 0 days 1,593 sqft
2021-10-01 0 days 1,698 sqft
2021-11-01 0 days 1,836 sqft
2021-12-01 0 days 1,902 sqft
2022-01-01 0 days 1,787 sqft
2022-02-01 0 days 1,732 sqft
2022-03-01 0 days 1,695 sqft
2022-04-01 0 days 1,781 sqft
2022-05-01 0 days 1,884 sqft
2022-06-01 0 days 1,883 sqft
2022-07-01 0 days 1,840 sqft
2022-08-01 0 days 1,846 sqft
2022-09-01 0 days 1,785 sqft
2022-10-01 0 days 1,829 sqft
2022-11-01 0 days 1,808 sqft
2022-12-01 0 days 1,779 sqft
2023-01-01 0 days 1,753 sqft
2023-02-01 0 days 1,719 sqft
2023-03-01 0 days 1,703 sqft
2023-04-01 0 days 1,786 sqft
2023-05-01 0 days 1,800 sqft
2023-06-01 0 days 1,795 sqft
2023-07-01 0 days 1,800 sqft
2023-08-01 0 days 1,822 sqft
2023-09-01 0 days 1,856 sqft
2023-10-01 0 days 1,901 sqft
2023-11-01 0 days 1,917 sqft
2023-12-01 0 days 1,914 sqft
2024-01-01 0 days 1,911 sqft
2024-02-01 0 days 1,940 sqft
2024-03-01 0 days 1,932 sqft
2024-04-01 0 days 1,923 sqft
2024-05-01 0 days 1,912 sqft
2024-06-01 0 days 1,830 sqft
2024-07-01 0 days 1,816 sqft
2024-08-01 0 days 1,861 sqft
2024-09-01 0 days 1,968 sqft
2024-10-01 0 days 1,908 sqft
Russellville's median listing age (time on market) for 2024-10-01 was 0 days.

Russellville's median square footage for active listings during the 2024-10-01 period was 1,908 sqft. One year prior, the average listing was 1,901 sqft.

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.