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 46 lenders originated 188 VA loans during 2024. The total origination value was $43,450,000, with an average VA loan value of $231,117.

    Searcy VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Searcy averaged 0.23% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Searcy's average VA mortgage closing costs are $4,663.

    The average rate for the prior week (2025-06-27) was 6.56% and one month ago for the week of 2025-05-30, the average rate was 6.99%.

    The average rate one year ago was 6.6%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.05%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 29 6.31% $3,802
    First Community Bank 15 6.37% $6,961
    QUICKEN LOANS, LLC 14 6.35% $7,890
    UNITED WHOLESALE MORTGAGE, LLC 7 6.21% $6,823
    NEW DAY FINANCIAL, LLC 7 7.55% $8,328
    PENNYMAC LOAN SERVICES, LLC 6 5.85% $5,187
    FLAT BRANCH MORTGAGE, INC. 5 6.60% $7,658
    FREEDOM MORTGAGE CORPORATION 5 6.25% $6,190
    SENTE MORTGAGE, INC. 5 6.73% $9,326
    NAVY FEDERAL CREDIT UNION 5 5.75% $7,562
    VILLAGE CAPITAL MORTGAGE 4 5.88% $6,095
    Chambers Bank 4 6.00% $7,396
    NEWREZ LLC 4 5.93% $6,114
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.63% $0
    GUARANTEED RATE, INC. 4 6.40% $6,913
    MORTGAGE FINANCIAL SERVICES, LLC 3 6.50% $5,013
    Simmons Bank 3 6.58% $4,743
    Regions Bank 3 6.38% $6,249
    Arvest Bank 3 5.96% $16,753
    First Security Bank 3 5.46% $8,055
    FIRST COMMUNITY MORTGAGE, INC. 2 6.31% $7,557
    Bank of England 2 6.38% $4,428
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 2 6.44% $4,294
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $3,487
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $3,658
    LOANDEPOT.COM, LLC 1 5.99% $8,664
    Mid-Continent Funding, Inc. 1 6.13% $3,860
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.00% $4,070
    Equity Prime Mortgage LLC 1 8.25% $7,285
    Eagle Bank and Trust Company 1 6.00% $9,667
    CORNERSTONE HOME LENDING, INC. 1 7.50% $0
    CMG MORTGAGE, INC. 1 8.75% $5,336
    CLEARPATH LENDING 1 5.25% $1,989
    Century Mortgage Company DBA Century Lending Company 1 5.63% $50
    PLANET HOME LENDING, LLC 1 5.50% $2,966
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $3,087
    Centennial Bank 1 6.25% $3,264
    Carrington Mortgage Services, LLC 1 5.63% $3,720
    Barrington Bank & Trust Company, N.A. 1 6.25% $2,826
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $10,266
    ARKANSAS Federal Credit Union 1 6.13% $1,234
    STOCKTON MORTGAGE CORPORATION 1 6.75% $3,715
    TJC Mortgage, Inc. 1 4.88% $8,882
    AmeriHome Mortgage Company, LLC 1 6.13% $4,909
    USAA Federal Savings Bank 1 5.63% $3,019
    AMERICAN FINANCING CORPORATION 1 6.63% $10,964

    The top Searcy VA lender as defined by loan originations is Mortgage Research Center, LLC, with 29 VA loans originated. Their average total fees are $3,802, which is $3,159 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 ($3,802), First Community Bank ($6,961), QUICKEN LOANS, LLC ($7,890), .

    The lowest rate Searcy VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.31%), QUICKEN LOANS, LLC (6.35%), First Community Bank (6.37%), .

    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.