Show Low VA Loan Rates, Closing Costs & Stats

Show Low, AZ

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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.

    Show Low's 43 lenders originated 116 VA loans during 2023. The total origination value was $40,610,000, with an average VA loan value of $350,086.

    Show Low VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Show Low averaged 7.02% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Show Low's average VA mortgage closing costs are $6,050.

    The average rate for the prior week (2024-07-12) was 6.86% and one month ago for the week of 2024-06-14, the average rate was 7.12%.

    The average rate one year ago was 7.1%.

    For refis of the same type during the week of 2024-07-19, the average rate was 7%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 16 6.36% $11,399
    Mortgage Research Center, LLC 13 6.68% $7,619
    AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.30% $19,675
    QUICKEN LOANS, LLC 6 6.37% $9,035
    V.I.P. MORTGAGE, INC. 5 7.13% $9,252
    GUILD MORTGAGE COMPANY 5 6.28% $14,924
    LOANDEPOT.COM, LLC 4 5.66% $18,434
    CMG MORTGAGE, INC. 3 7.00% $7,181
    Mr. Cooper ( Nationstar Mortgage ) 3 6.21% $13,660
    NAVY FEDERAL CREDIT UNION 3 6.13% $5,955
    FREEDOM MORTGAGE CORPORATION 3 6.08% $25,546
    Plains Commerce Bank 2 6.13% $11,487
    NEW DAY FINANCIAL, LLC 2 7.87% $20,821
    Equity Prime Mortgage LLC 2 7.69% $12,368
    Wells Fargo Bank 2 5.50% $1,245
    AMERISAVE MORTGAGE CORPORATION 2 5.75% $16,645
    AMERICAN FINANCIAL NETWORK, INC. 2 5.81% $6,235
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.19% $7,149
    ALTITUDE FINANCIAL CORPORATION 2 6.75% $12,383
    The Federal Savings Bank 1 6.38% $11,299
    USAA Federal Savings Bank 1 5.00% $12,632
    Wallick & Volk, Inc. 1 5.63% $9,283
    Waterstone Mortgage Corporation 1 5.75% $13,229
    ACADEMY MORTGAGE CORPORATION 1 5.88% $14,822
    Zions Bank 1 6.75% $22,698
    AXIA FINANCIAL, LLC 1 5.50% $12,371
    Barrington Bank & Trust Company, N.A. 1 6.25% $13,068
    Bell Bank 1 6.13% $4,726
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.63% $4,465
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $13,663
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.50% $6,460
    INTERCAP LENDING INC. 1 5.88% $4
    Magnolia Bank 1 6.38% $13,401
    Mid-Continent Funding, Inc. 1 5.13% $22,077
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $16,397
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.00% $650
    NBKC BANK 1 6.13% $5,587
    NFM, INC. 1 5.63% $10,727
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.25% $7,408
    Paramount Residential Mortgage Group, Inc. 1 7.13% $8,289
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $5,627
    SUN AMERICAN MORTGAGE COMPANY 1 6.99% $4,583
    SUN WEST MORTGAGE COMPANY, INC. 1 7.25% $5,951

    The top Show Low VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 16 VA loans originated. Their average total fees are $11,399, which is $3,780 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Show Low VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,619), UNITED WHOLESALE MORTGAGE, LLC ($11,399), .

    The lowest rate Show Low VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.36%), Mortgage Research Center, LLC (6.68%), .

    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.