Show Low VA Loan Rates, Closing Costs & Stats

Show Low, AZ

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.

Show Low's 86 lenders originated 460 VA loans during 2021. The total origination value was $115,680,000, with an average VA loan value of $251,478.

Show Low VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Show Low averaged 6.61% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

Show Low's average VA mortgage closing costs are $5,305.

The average rate for the prior week (2023-01-20) was 6.14% and one month ago for the week of 2022-12-23, the average rate was 6.41%.

The average rate one year ago was 4.21%.

For refis of the same type during the week of 2023-01-27, the average rate was 6.16%.

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

Show Low 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 Show Low level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
FREEDOM MORTGAGE CORPORATION 40 2.42% $2,404
GUILD MORTGAGE COMPANY 39 2.67% $4,433
QUICKEN LOANS, LLC 25 2.38% $5,683
Mortgage Research Center, LLC 21 2.89% $7,683
VILLAGE CAPITAL MORTGAGE 20 2.44% $2,880
PENNYMAC LOAN SERVICES, LLC 20 2.51% $5,629
UNITED WHOLESALE MORTGAGE, LLC 19 2.53% $8,935
LOANDEPOT.COM, LLC 16 2.51% $4,954
Amerifirst Financial, Inc. 15 3.04% $5,928
CALIBER HOME LOANS, INC. 13 2.53% $4,168
USAA Federal Savings Bank 12 2.95% $5,512
AMERICAN PACIFIC MORTGAGE CORPORATION 12 2.93% $9,998
NEW DAY FINANCIAL, LLC 10 2.67% $5,766
CLEARPATH LENDING 10 2.28% $3,566
NOVA FINANCIAL & INVESTMENT CORPORATION 9 3.11% $5,283
LAKEVIEW LOAN SERVICING, LLC 7 2.52% $2,554
NATIONS DIRECT MORTGAGE, LLC 6 3.06% $6,357
Wallick & Volk, Inc. 5 2.90% $7,505
HOME POINT FINANCIAL CORPORATION 5 2.62% $5,751
SUN WEST MORTGAGE COMPANY, INC. 5 2.45% $4,948
V.I.P. MORTGAGE, INC. 4 2.94% $1,952
Wells Fargo Bank 4 2.47% $4,103
Nations Lending Corporation 4 2.88% $13,717
Low VA Rates, LLC 4 2.25% $4,053
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.24% $9,372
NAVY FEDERAL CREDIT UNION 4 2.50% $3,407
ALTITUDE FINANCIAL CORPORATION 3 3.00% $6,336
AMERICAN FINANCIAL RESOURCES, INC. 3 3.33% $5,434
Paramount Residential Mortgage Group, Inc. 3 3.67% $5,403
Hometown Lenders, Inc. 3 2.88% $7,173
Mr. Cooper ( Nationstar Mortgage ) 3 3.33% $1,548
AMERISAVE MORTGAGE CORPORATION 3 2.54% $5,022
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.04% $6,208
The Federal Savings Bank 2 2.75% $3,742
NBKC BANK 2 2.50% $3,049
GUARANTEED RATE AFFINITY, LLC 2 2.44% $679
GUARANTEED RATE, INC. 2 2.50% $6,564
SOVEREIGN LENDING GROUP INCORPORATED 2 2.63% $6,977
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.56% $10,633
CHURCHILL MORTGAGE CORPORATION 2 2.25% $4,963
AMERICAN FINANCIAL NETWORK, INC. 2 3.19% $14,174
SUNSTREET MORTGAGE, LLC 2 2.75% $4,609
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 2.75% $8,705
UNION HOME MORTGAGE CORP. 2 2.75% $3,895
ACADEMY MORTGAGE CORPORATION 2 3.50% $8,370
Lakeview Community Capital, LLC 2 2.81% $1,303
AMERICAN FINANCING CORPORATION 2 3.00% $5,873
DRAPER AND KRAMER MORTGAGE CORP. 2 2.69% $8,636
MANN FINANCIAL INC. 2 3.00% $7,815
FirstBank 2 2.63% $7,503
Zions Bancorporation, N.A. 1 2.25% $1,241
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.13% $18,061
CITYWIDE HOME LOANS, LLC 1 2.63% $3,609
COUNTRYPLACE MORTGAGE, LTD. 1 4.75% $3,202
DATA MORTGAGE, INC. 1 2.50% $2,924
EMM LOANS LLC 1 3.13% $13,168
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.75% $9,830
First Federal Bank 1 2.75% $4,423
First Guaranty Mortgage Corporation 1 2.25% $5,694
Flagstar Bank, FSB 1 2.75% $10,655
Goldwater Bank, N.A. 1 3.38% $5,650
Home Mortgage Alliance Corp 1 3.38% $6,413
HOMESIDE FINANCIAL, LLC 1 2.75% $9,797
InterContinental Capital Group, Inc 1 2.75% $9,001
Ixonia Bank 1 2.25% $3,002
Lend Smart Mortgage, LLC 1 2.88% $9,368
LENOX FINANCIAL MORTGAGE CORPORATION 1 2.63% $11,557
LOANPAL, LLC 1 2.25% $14,150
Magnolia Bank 1 2.75% $3,197
Mid-Continent Funding, Inc. 1 2.75% $4,621
MORIA DEVELOPMENT, INC. 1 2.25% $7,124
MOVEMENT MORTGAGE, LLC 1 2.75% $2,766
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $4,840
Neighborhood Loans, Inc. 1 3.25% $3,693
North American Savings Bank, F.S.B. 1 2.25% $2,144
ON Q FINANCIAL, INC. 1 2.75% $3,238
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.00% $2,922
RESIDENTIAL BANCORP. 1 3.25% $5,701
SOUTHWEST STAGE FUNDING, LLC 1 2.88% $7,430
STEARNS LENDING, LLC 1 2.38% $7,256
Strong Home Mortgage, LLC 1 2.38% $745
SUN AMERICAN MORTGAGE COMPANY 1 3.25% $19,423
Sunflower Bank 1 2.99% $2,956
SWBC MORTGAGE CORPORATION 1 3.63% $3,493
TJC Mortgage, Inc. 1 2.50% $2,944
Umpqua Bank 1 2.38% $3,753

The top Show Low VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 40 VA loans originated. Their average total fees are $2,404, which is $2,029 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Show Low VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,404), VILLAGE CAPITAL MORTGAGE ($2,880), CLEARPATH LENDING ($3,566), CALIBER HOME LOANS, INC. ($4,168) and GUILD MORTGAGE COMPANY ($4,433).

The lowest rate Show Low VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.28%), QUICKEN LOANS, LLC (2.38%), FREEDOM MORTGAGE CORPORATION (2.42%), VILLAGE CAPITAL MORTGAGE (2.44%) and LOANDEPOT.COM, LLC (2.51%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Show Low (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 $269,675 (8.0%) $353,956 (2.6%) 0.00 616
2018-02-01 $271,717 (8.9%) $348,740 (0.5%) 0.00 591
2018-03-01 $269,900 (3.6%) $348,949 (-2.3%) 0.00 606
2018-04-01 $281,475 (8.3%) $357,976 (-0.8%) 0.00 680
2018-05-01 $287,625 (8.5%) $365,508 (3.7%) 0.00 718
2018-06-01 $291,500 (9.1%) $377,548 (7.0%) 0.00 759
2018-07-01 $289,925 (7.4%) $369,732 (2.0%) 0.00 797
2018-08-01 $296,750 (9.9%) $374,045 (3.4%) 0.00 792
2018-09-01 $293,000 (8.5%) $375,768 (3.6%) 0.00 753
2018-10-01 $299,225 (8.8%) $380,275 (2.9%) 0.00 682
2018-11-01 $299,900 (11.5%) $375,720 (4.9%) 0.00 607
2018-12-01 $295,500 (9.7%) $372,163 (4.1%) 0.00 553
2019-01-01 $283,750 (5.2%) $371,212 (4.9%) 0.00 510
2019-02-01 $280,720 (3.3%) $371,209 (6.4%) 0.00 521
2019-03-01 $290,786 (7.7%) $377,644 (8.2%) 0.00 554
2019-04-01 $296,411 (5.3%) $376,717 (5.2%) 0.00 598
2019-05-01 $298,613 (3.8%) $374,396 (2.4%) 0.00 677
2019-06-01 $294,450 (1.0%) $370,261 (-1.9%) 0.00 737
2019-07-01 $279,769 (-3.5%) $353,228 (-4.5%) 0.00 751
2019-08-01 $283,692 (-4.4%) $357,674 (-4.4%) 0.00 713
2019-09-01 $289,771 (-1.1%) $363,788 (-3.2%) 0.00 652
2019-10-01 $293,824 (-1.8%) $369,357 (-2.9%) 0.00 596
2019-11-01 $289,900 (-3.3%) $373,134 (-0.7%) 0.00 527
2019-12-01 $286,950 (-2.9%) $370,222 (-0.5%) 0.00 476
2020-01-01 $283,925 (0.1%) $355,845 (-4.1%) 0.00 424
2020-02-01 $289,000 (3.0%) $357,079 (-3.8%) 0.00 426
2020-03-01 $289,250 (-0.5%) $363,756 (-3.7%) 0.00 448
2020-04-01 $289,925 (-2.2%) $361,072 (-4.2%) 0.00 486
2020-05-01 $309,250 (3.6%) $369,727 (-1.3%) 0.00 471
2020-06-01 $328,119 (11.4%) $384,060 (3.7%) 0.00 425
2020-07-01 $346,900 (24.0%) $402,814 (14.0%) 0.00 361
2020-08-01 $324,900 (14.5%) $412,088 (15.2%) 0.00 296
2020-09-01 $325,000 (12.2%) $423,756 (16.5%) 0.00 265
2020-10-01 $325,000 (10.6%) $443,840 (20.2%) 0.00 231
2020-11-01 $328,000 (13.1%) $441,938 (18.4%) 0.00 209
2020-12-01 $333,750 (16.3%) $447,386 (20.8%) 0.00 178
2021-01-01 $357,000 (25.7%) $477,177 (34.1%) 0.00 158
2021-02-01 $377,950 (30.8%) $511,184 (43.2%) 0.00 130
2021-03-01 $393,675 (36.1%) $532,707 (46.5%) 0.00 135
2021-04-01 $385,725 (33.0%) $518,332 (43.6%) 0.00 164
2021-05-01 $406,000 (31.3%) $553,973 (49.8%) 0.00 175
2021-06-01 $425,324 (29.6%) $561,059 (46.1%) 0.00 213
2021-07-01 $399,900 (15.3%) $538,717 (33.7%) 0.00 253
2021-08-01 $397,000 (22.2%) $517,785 (25.7%) 0.00 250
2021-09-01 $449,500 (38.3%) $559,888 (32.1%) 0.00 246
2021-10-01 $460,000 (41.5%) $577,705 (30.2%) 0.00 203
2021-11-01 $449,000 (36.9%) $572,702 (29.6%) 0.00 181
2021-12-01 $449,475 (34.7%) $564,646 (26.2%) 0.00 172
2022-01-01 $475,000 (33.1%) $588,065 (23.2%) 0.00 150
2022-02-01 $480,700 (27.2%) $606,157 (18.6%) 0.00 155
2022-03-01 $484,950 (23.2%) $611,951 (14.9%) 0.00 165
2022-04-01 $498,000 (29.1%) $604,082 (16.5%) 0.00 214
2022-05-01 $499,950 (23.1%) $608,568 (9.9%) 0.00 277
2022-06-01 $498,759 (17.3%) $606,516 (8.1%) 0.00 375
2022-07-01 $474,950 (18.8%) $589,167 (9.4%) 0.00 441
2022-08-01 $469,450 (18.3%) $572,975 (10.7%) 0.00 425
2022-09-01 $457,000 (1.7%) $565,311 (1.0%) 0.00 397
2022-10-01 $467,000 (1.5%) $574,005 (-0.6%) 0.00 377
2022-11-01 $491,500 (9.5%) $581,551 (1.6%) 0.00 352
2022-12-01 $494,425 (10.0%) $590,460 (4.6%) 0.00 320
Show Low's median listing price for 2022-12-01 was $494,425, a difference of $44,950 (10.0%) versus the prior year and $2,925 versus the prior month.

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

Show Low's average listing price for 2022-12-01 was $590,460, a difference of $25,814 (4.6%) versus the prior year and $8,909 versus the prior month.

For the 2022-12-01 period, Show Low had 320 MLS listings, a difference of -32 listings (-9%) versus the prior month and 148 listings (86%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Show Low (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,890 sqft
2018-02-01 0 days 1,894 sqft
2018-03-01 0 days 1,848 sqft
2018-04-01 0 days 1,882 sqft
2018-05-01 0 days 1,918 sqft
2018-06-01 0 days 1,921 sqft
2018-07-01 0 days 1,918 sqft
2018-08-01 0 days 1,950 sqft
2018-09-01 0 days 1,932 sqft
2018-10-01 0 days 1,976 sqft
2018-11-01 0 days 1,997 sqft
2018-12-01 0 days 1,949 sqft
2019-01-01 0 days 1,861 sqft
2019-02-01 0 days 1,847 sqft
2019-03-01 0 days 1,878 sqft
2019-04-01 0 days 1,904 sqft
2019-05-01 0 days 1,880 sqft
2019-06-01 0 days 1,886 sqft
2019-07-01 0 days 1,834 sqft
2019-08-01 0 days 1,858 sqft
2019-09-01 0 days 1,865 sqft
2019-10-01 0 days 1,877 sqft
2019-11-01 0 days 1,890 sqft
2019-12-01 0 days 1,889 sqft
2020-01-01 0 days 1,859 sqft
2020-02-01 0 days 1,846 sqft
2020-03-01 0 days 1,829 sqft
2020-04-01 0 days 1,836 sqft
2020-05-01 0 days 1,850 sqft
2020-06-01 0 days 1,880 sqft
2020-07-01 0 days 1,993 sqft
2020-08-01 0 days 1,966 sqft
2020-09-01 0 days 2,012 sqft
2020-10-01 0 days 1,955 sqft
2020-11-01 0 days 1,924 sqft
2020-12-01 0 days 1,937 sqft
2021-01-01 0 days 1,960 sqft
2021-02-01 0 days 1,942 sqft
2021-03-01 0 days 1,998 sqft
2021-04-01 0 days 1,890 sqft
2021-05-01 0 days 1,865 sqft
2021-06-01 0 days 1,829 sqft
2021-07-01 0 days 1,856 sqft
2021-08-01 0 days 1,808 sqft
2021-09-01 0 days 1,921 sqft
2021-10-01 0 days 1,963 sqft
2021-11-01 0 days 1,924 sqft
2021-12-01 0 days 1,875 sqft
2022-01-01 0 days 1,847 sqft
2022-02-01 0 days 1,843 sqft
2022-03-01 0 days 1,911 sqft
2022-04-01 0 days 1,841 sqft
2022-05-01 0 days 1,875 sqft
2022-06-01 0 days 1,874 sqft
2022-07-01 0 days 1,822 sqft
2022-08-01 0 days 1,829 sqft
2022-09-01 0 days 1,813 sqft
2022-10-01 0 days 1,854 sqft
2022-11-01 0 days 1,897 sqft
2022-12-01 0 days 1,945 sqft
Show Low's median listing age (time on market) for 2022-12-01 was 0 days.

Show Low's median square footage for active listings during the 2022-12-01 period was 1,945 sqft. One year prior, the average listing was 1,875 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.