Searcy VA Loan Rates, Closing Costs & Stats

Searcy, AR

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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.

    Searcy's 42 lenders originated 142 VA loans during 2023. The total origination value was $33,280,000, with an average VA loan value of $234,366.

    Searcy VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Searcy averaged 6.97% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Searcy's average VA mortgage closing costs are $4,477.

    The average rate for the prior week (2024-04-12) was 6.8% and one month ago for the week of 2024-03-15, the average rate was 6.56%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

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

    Searcy 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 Searcy level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 25 6.73% $4,540
    First Community Bank 10 6.65% $5,835
    QUICKEN LOANS, LLC 10 6.27% $10,273
    FirstTrust Home Loans, Inc. 7 6.86% $3,486
    GUARANTEED RATE, INC. 5 6.48% $2,805
    NAVY FEDERAL CREDIT UNION 4 5.69% $1,877
    ARKANSAS Federal Credit Union 4 6.81% $4,806
    Bank of England 4 6.63% $7,478
    FLAT BRANCH MORTGAGE, INC. 3 6.92% $6,433
    UNITED WHOLESALE MORTGAGE, LLC 3 6.87% $3,509
    CORNERSTONE HOME LENDING, INC. 3 7.13% $2,874
    SENTE MORTGAGE, INC. 3 6.92% $6,848
    PENTAGON FEDERAL CREDIT UNION 3 5.46% $2,817
    PENNYMAC LOAN SERVICES, LLC 3 5.79% $7,184
    Eagle Bank and Trust Company 3 6.33% $6,820
    NEWREZ LLC 3 6.96% $9,826
    NEW DAY FINANCIAL, LLC 3 7.88% $10,093
    Simmons Bank 3 6.08% $6,880
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $8,650
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 2 6.13% $3,868
    Centennial Bank 2 6.00% $8,016
    COMMUNITY MORTGAGE CORPORATION 2 6.88% $11,012
    DAS Acquisition Company, LLC 2 7.13% $5,633
    First Security Bank 2 6.38% $2,446
    FREEDOM MORTGAGE CORPORATION 2 6.38% $8,240
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.94% $5,321
    LOANDEPOT.COM, LLC 2 6.49% $8,845
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.00% $36
    NBKC BANK 2 6.13% $4,961
    USAA Federal Savings Bank 2 5.50% $7,795
    U.S. Bank 2 5.88% $4,772
    MORTGAGEONE, INC. 1 5.88% $0
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.50% $6,865
    PILGRIM MORTGAGE LLC 1 6.75% $0
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $4,529
    Mid-Continent Funding, Inc. 1 7.75% $2,917
    LOANPAL, LLC 1 5.63% $17,847
    First Horizon Bank 1 7.00% $4,594
    The Federal Savings Bank 1 6.75% $500
    Barrington Bank & Trust Company, N.A. 1 6.75% $4,085
    ACADEMY MORTGAGE CORPORATION 1 6.88% $10,163
    MOVEMENT MORTGAGE, LLC 1 6.75% $5,559

    The top Searcy VA lender as defined by loan originations is Mortgage Research Center, LLC, with 25 VA loans originated. Their average total fees are $4,540, which is $1,296 lower than the next largest lender, First Community Bank.

    The lowest fee Searcy VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,540), First Community Bank ($5,835), QUICKEN LOANS, LLC ($10,273), .

    The lowest rate Searcy VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.27%), First Community Bank (6.65%), Mortgage Research Center, LLC (6.73%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Searcy (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 $132,675 (-1.1%) $174,511 (-0.8%) 0.00 311
    2018-02-01 $134,675 (0.6%) $176,178 (1.7%) 0.00 301
    2018-03-01 $139,900 (0.5%) $178,677 (0.5%) 0.00 311
    2018-04-01 $148,975 (8.0%) $185,669 (3.8%) 0.00 323
    2018-05-01 $148,500 (5.3%) $182,895 (-2.9%) 0.00 328
    2018-06-01 $144,500 (-0.8%) $182,982 (-4.6%) 0.00 373
    2018-07-01 $146,750 (-1.8%) $186,260 (-2.5%) 0.00 376
    2018-08-01 $147,975 (-0.5%) $183,766 (-2.0%) 0.00 371
    2018-09-01 $149,000 (-0.6%) $187,261 (-1.2%) 0.00 365
    2018-10-01 $146,375 (-2.4%) $218,458 (16.4%) 0.00 363
    2018-11-01 $139,950 (-5.3%) $211,828 (13.1%) 0.00 355
    2018-12-01 $138,250 (0.0%) $215,388 (19.7%) 0.00 322
    2019-01-01 $135,950 (2.5%) $213,275 (22.2%) 0.00 286
    2019-02-01 $139,325 (3.5%) $225,479 (28.0%) 0.00 281
    2019-03-01 $146,329 (4.6%) $229,521 (28.5%) 0.00 295
    2019-04-01 $154,900 (4.0%) $229,983 (23.9%) 0.00 306
    2019-05-01 $159,375 (7.3%) $231,273 (26.5%) 0.00 316
    2019-06-01 $154,900 (7.2%) $221,514 (21.1%) 0.00 333
    2019-07-01 $159,200 (8.5%) $223,068 (19.8%) 0.00 336
    2019-08-01 $157,200 (6.2%) $216,689 (17.9%) 0.00 320
    2019-09-01 $153,150 (2.8%) $200,269 (7.0%) 0.00 308
    2019-10-01 $151,700 (3.6%) $191,076 (-12.5%) 0.00 295
    2019-11-01 $149,000 (6.5%) $192,288 (-9.2%) 0.00 296
    2019-12-01 $137,850 (-0.3%) $190,803 (-11.4%) 0.00 270
    2020-01-01 $134,950 (-0.7%) $186,562 (-12.5%) 0.00 248
    2020-02-01 $142,000 (1.9%) $194,254 (-13.9%) 0.00 244
    2020-03-01 $149,500 (2.2%) $198,757 (-13.4%) 0.00 230
    2020-04-01 $153,375 (-1.0%) $200,210 (-13.0%) 0.00 233
    2020-05-01 $155,000 (-2.8%) $206,031 (-10.9%) 0.00 186
    2020-06-01 $159,450 (2.9%) $214,994 (-2.9%) 0.00 168
    2020-07-01 $164,750 (3.5%) $223,101 (0.0%) 0.00 146
    2020-08-01 $165,000 (5.0%) $225,797 (4.2%) 0.00 134
    2020-09-01 $163,000 (6.4%) $220,887 (10.3%) 0.00 149
    2020-10-01 $151,675 (0.0%) $221,347 (15.8%) 0.00 133
    2020-11-01 $163,500 (9.7%) $231,331 (20.3%) 0.00 130
    2020-12-01 $165,000 (19.7%) $240,103 (25.8%) 0.00 119
    2021-01-01 $159,200 (18.0%) $240,761 (29.1%) 0.00 94
    2021-02-01 $166,100 (17.0%) $232,709 (19.8%) 0.00 79
    2021-03-01 $166,950 (11.7%) $242,301 (21.9%) 0.00 72
    2021-04-01 $189,900 (23.8%) $264,224 (32.0%) 0.00 63
    2021-05-01 $172,500 (11.3%) $250,551 (21.6%) 0.00 68
    2021-06-01 $172,950 (8.5%) $244,519 (13.7%) 0.00 87
    2021-07-01 $189,900 (15.3%) $255,288 (14.4%) 0.00 106
    2021-08-01 $177,950 (7.9%) $245,719 (8.8%) 0.00 106
    2021-09-01 $174,404 (7.0%) $241,338 (9.3%) 0.00 109
    2021-10-01 $178,288 (17.6%) $246,377 (11.3%) 0.00 113
    2021-11-01 $176,125 (7.7%) $249,547 (7.9%) 0.00 100
    2021-12-01 $183,250 (11.1%) $251,952 (4.9%) 0.00 93
    2022-01-01 $185,000 (16.2%) $278,925 (15.9%) 0.00 73
    2022-02-01 $159,000 (-4.3%) $274,942 (18.2%) 0.00 73
    2022-03-01 $162,725 (-2.5%) $286,126 (18.1%) 0.00 72
    2022-04-01 $230,000 (21.1%) $304,493 (15.2%) 0.00 72
    2022-05-01 $206,639 (19.8%) $296,731 (18.4%) 0.00 87
    2022-06-01 $213,721 (23.6%) $301,758 (23.4%) 0.00 90
    2022-07-01 $219,900 (15.8%) $281,979 (10.5%) 0.00 118
    2022-08-01 $224,999 (26.4%) $285,237 (16.1%) 0.00 122
    2022-09-01 $209,950 (20.4%) $279,215 (15.7%) 0.00 120
    2022-10-01 $215,000 (20.6%) $282,030 (14.5%) 0.00 114
    2022-11-01 $210,950 (19.8%) $269,780 (8.1%) 0.00 129
    2022-12-01 $228,900 (24.9%) $297,028 (17.9%) 0.00 128
    2023-01-01 $244,450 (32.1%) $297,529 (6.7%) 0.00 96
    2023-02-01 $245,500 (54.4%) $328,358 (19.4%) 0.00 92
    2023-03-01 $249,950 (53.6%) $332,067 (16.1%) 0.00 97
    2023-04-01 $265,000 (15.2%) $362,042 (18.9%) 0.00 100
    2023-05-01 $275,000 (33.1%) $369,493 (24.5%) 0.00 110
    2023-06-01 $249,450 (16.7%) $351,580 (16.5%) 0.00 113
    2023-07-01 $250,000 (13.7%) $339,976 (20.6%) 0.00 121
    2023-08-01 $236,150 (5.0%) $335,722 (17.7%) 0.00 133
    2023-09-01 $241,250 (14.9%) $331,374 (18.7%) 0.00 148
    2023-10-01 $224,836 (4.6%) $318,701 (13.0%) 0.00 145
    2023-11-01 $225,000 (6.7%) $314,342 (16.5%) 0.00 153
    2023-12-01 $229,900 (0.4%) $313,979 (5.7%) 0.00 156
    2024-01-01 $229,950 (-5.9%) $312,996 (5.2%) 0.00 145
    2024-02-01 $232,766 (-5.2%) $325,579 (-0.9%) 0.00 140
    2024-03-01 $232,250 (-7.1%) $325,092 (-2.1%) 0.00 151
    Searcy's median listing price for 2024-03-01 was $232,250, a difference of $-17,700 (-7.1%) versus the prior year and $-516 versus the prior month.

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

    Searcy's average listing price for 2024-03-01 was $325,092, a difference of $-6,975 (-2.1%) versus the prior year and $-487 versus the prior month.

    For the 2024-03-01 period, Searcy had 151 MLS listings, a difference of 11 listings (8%) versus the prior month and 54 listings (56%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Searcy (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,625 sqft
    2018-02-01 0 days 1,637 sqft
    2018-03-01 0 days 1,730 sqft
    2018-04-01 0 days 1,788 sqft
    2018-05-01 0 days 1,786 sqft
    2018-06-01 0 days 1,764 sqft
    2018-07-01 0 days 1,765 sqft
    2018-08-01 0 days 1,734 sqft
    2018-09-01 0 days 1,748 sqft
    2018-10-01 0 days 1,706 sqft
    2018-11-01 0 days 1,690 sqft
    2018-12-01 0 days 1,654 sqft
    2019-01-01 0 days 1,664 sqft
    2019-02-01 0 days 1,728 sqft
    2019-03-01 0 days 1,795 sqft
    2019-04-01 0 days 1,840 sqft
    2019-05-01 0 days 1,874 sqft
    2019-06-01 0 days 1,816 sqft
    2019-07-01 0 days 1,832 sqft
    2019-08-01 0 days 1,835 sqft
    2019-09-01 0 days 1,830 sqft
    2019-10-01 0 days 1,829 sqft
    2019-11-01 0 days 1,804 sqft
    2019-12-01 0 days 1,804 sqft
    2020-01-01 0 days 1,801 sqft
    2020-02-01 0 days 1,801 sqft
    2020-03-01 0 days 1,781 sqft
    2020-04-01 0 days 1,804 sqft
    2020-05-01 0 days 1,815 sqft
    2020-06-01 0 days 1,821 sqft
    2020-07-01 0 days 1,906 sqft
    2020-08-01 0 days 1,934 sqft
    2020-09-01 0 days 1,877 sqft
    2020-10-01 0 days 1,848 sqft
    2020-11-01 0 days 1,941 sqft
    2020-12-01 0 days 1,944 sqft
    2021-01-01 0 days 1,814 sqft
    2021-02-01 0 days 1,826 sqft
    2021-03-01 0 days 1,839 sqft
    2021-04-01 0 days 1,827 sqft
    2021-05-01 0 days 1,710 sqft
    2021-06-01 0 days 1,840 sqft
    2021-07-01 0 days 1,914 sqft
    2021-08-01 0 days 1,862 sqft
    2021-09-01 0 days 1,867 sqft
    2021-10-01 0 days 1,866 sqft
    2021-11-01 0 days 1,851 sqft
    2021-12-01 0 days 1,851 sqft
    2022-01-01 0 days 1,900 sqft
    2022-02-01 0 days 1,761 sqft
    2022-03-01 0 days 1,754 sqft
    2022-04-01 0 days 1,892 sqft
    2022-05-01 0 days 1,778 sqft
    2022-06-01 0 days 1,818 sqft
    2022-07-01 0 days 1,752 sqft
    2022-08-01 0 days 1,773 sqft
    2022-09-01 0 days 1,772 sqft
    2022-10-01 0 days 1,779 sqft
    2022-11-01 0 days 1,787 sqft
    2022-12-01 0 days 1,800 sqft
    2023-01-01 0 days 1,898 sqft
    2023-02-01 0 days 1,999 sqft
    2023-03-01 0 days 2,028 sqft
    2023-04-01 0 days 1,925 sqft
    2023-05-01 0 days 1,910 sqft
    2023-06-01 0 days 1,885 sqft
    2023-07-01 0 days 1,903 sqft
    2023-08-01 0 days 1,873 sqft
    2023-09-01 0 days 1,905 sqft
    2023-10-01 0 days 1,850 sqft
    2023-11-01 0 days 1,820 sqft
    2023-12-01 0 days 1,818 sqft
    2024-01-01 0 days 1,776 sqft
    2024-02-01 0 days 1,829 sqft
    2024-03-01 0 days 1,800 sqft
    Searcy's median listing age (time on market) for 2024-03-01 was 0 days.

    Searcy's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 2,028 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.