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 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 7.19% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

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

The average rate for the prior week (2024-04-05) was 6.74% and one month ago for the week of 2024-03-08, the average rate was 7.07%.

The average rate one year ago was 6.17%.

For refis of the same type during the week of 2024-04-12, the average rate was 7.27%.

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%), .


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 (8.1%) $353,956 (3.3%) 0.00 616
2018-02-01 $271,717 (8.9%) $348,740 (1.5%) 0.00 591
2018-03-01 $269,900 (3.8%) $349,431 (-1.2%) 0.00 605
2018-04-01 $282,000 (8.5%) $358,428 (0.3%) 0.00 679
2018-05-01 $287,875 (8.6%) $366,186 (4.6%) 0.00 716
2018-06-01 $293,000 (9.7%) $378,420 (8.1%) 0.00 757
2018-07-01 $289,975 (7.4%) $370,141 (2.9%) 0.00 796
2018-08-01 $297,250 (10.1%) $374,458 (3.9%) 0.00 791
2018-09-01 $294,900 (9.2%) $376,212 (3.7%) 0.00 752
2018-10-01 $299,300 (8.8%) $380,757 (3.0%) 0.00 681
2018-11-01 $299,900 (11.5%) $376,259 (5.1%) 0.00 606
2018-12-01 $295,750 (9.8%) $372,762 (4.3%) 0.00 552
2019-01-01 $284,975 (5.7%) $371,861 (5.1%) 0.00 509
2019-02-01 $281,950 (3.8%) $371,845 (6.6%) 0.00 520
2019-03-01 $291,500 (8.0%) $378,439 (8.3%) 0.00 552
2019-04-01 $297,125 (5.4%) $377,658 (5.4%) 0.00 596
2019-05-01 $298,663 (3.8%) $374,997 (2.4%) 0.00 674
2019-06-01 $294,450 (0.5%) $370,138 (-2.2%) 0.00 735
2019-07-01 $279,769 (-3.5%) $353,063 (-4.6%) 0.00 749
2019-08-01 $283,692 (-4.6%) $357,512 (-4.5%) 0.00 711
2019-09-01 $289,771 (-1.7%) $363,628 (-3.3%) 0.00 650
2019-10-01 $293,824 (-1.8%) $369,200 (-3.0%) 0.00 594
2019-11-01 $289,900 (-3.3%) $372,962 (-0.9%) 0.00 525
2019-12-01 $286,950 (-3.0%) $370,030 (-0.7%) 0.00 474
2020-01-01 $283,925 (-0.4%) $355,560 (-4.4%) 0.00 422
2020-02-01 $289,000 (2.5%) $356,798 (-4.1%) 0.00 423
2020-03-01 $289,125 (-0.8%) $363,022 (-4.1%) 0.00 445
2020-04-01 $289,925 (-2.4%) $360,565 (-4.5%) 0.00 482
2020-05-01 $309,250 (3.5%) $369,291 (-1.5%) 0.00 467
2020-06-01 $328,119 (11.4%) $383,723 (3.7%) 0.00 421
2020-07-01 $346,900 (24.0%) $402,615 (14.0%) 0.00 357
2020-08-01 $324,900 (14.5%) $412,040 (15.3%) 0.00 292
2020-09-01 $325,000 (12.2%) $422,873 (16.3%) 0.00 262
2020-10-01 $325,000 (10.6%) $443,075 (20.0%) 0.00 228
2020-11-01 $325,250 (12.2%) $441,063 (18.3%) 0.00 206
2020-12-01 $331,250 (15.4%) $446,397 (20.6%) 0.00 175
2021-01-01 $355,000 (25.0%) $476,627 (34.1%) 0.00 155
2021-02-01 $377,225 (30.5%) $511,222 (43.3%) 0.00 127
2021-03-01 $391,150 (35.3%) $533,165 (46.9%) 0.00 132
2021-04-01 $384,325 (32.6%) $518,471 (43.8%) 0.00 161
2021-05-01 $400,000 (29.4%) $554,635 (50.2%) 0.00 172
2021-06-01 $421,898 (28.6%) $561,683 (46.4%) 0.00 210
2021-07-01 $399,900 (15.3%) $539,055 (33.9%) 0.00 250
2021-08-01 $397,000 (22.2%) $517,870 (25.7%) 0.00 247
2021-09-01 $449,375 (38.3%) $560,440 (32.5%) 0.00 243
2021-10-01 $460,000 (41.5%) $578,589 (30.6%) 0.00 200
2021-11-01 $447,950 (37.7%) $573,630 (30.1%) 0.00 178
2021-12-01 $447,200 (35.0%) $565,522 (26.7%) 0.00 169
2022-01-01 $459,000 (29.3%) $589,536 (23.7%) 0.00 147
2022-02-01 $479,450 (27.1%) $607,876 (18.9%) 0.00 152
2022-03-01 $484,950 (24.0%) $613,657 (15.1%) 0.00 162
2022-04-01 $496,500 (29.2%) $605,263 (16.7%) 0.00 211
2022-05-01 $499,651 (24.9%) $609,590 (9.9%) 0.00 274
2022-06-01 $498,722 (18.2%) $607,286 (8.1%) 0.00 372
2022-07-01 $474,900 (18.8%) $589,676 (9.4%) 0.00 438
2022-08-01 $468,225 (17.9%) $573,406 (10.7%) 0.00 422
2022-09-01 $457,000 (1.7%) $565,698 (0.9%) 0.00 394
2022-10-01 $465,000 (1.1%) $574,495 (-0.7%) 0.00 374
2022-11-01 $488,250 (9.0%) $582,127 (1.5%) 0.00 349
2022-12-01 $489,900 (9.6%) $591,204 (4.5%) 0.00 317
2023-01-01 $471,975 (2.8%) $564,792 (-4.2%) 0.00 299
2023-02-01 $499,000 (4.1%) $571,241 (-6.0%) 0.00 275
2023-03-01 $495,725 (2.2%) $567,031 (-7.6%) 0.00 284
2023-04-01 $485,000 (-2.3%) $568,936 (-6.0%) 0.00 360
2023-05-01 $491,342 (-1.7%) $578,902 (-5.0%) 0.00 433
2023-06-01 $489,450 (-1.9%) $583,892 (-3.9%) 0.00 472
2023-07-01 $499,000 (5.1%) $585,794 (-0.7%) 0.00 475
2023-08-01 $499,000 (6.6%) $581,107 (1.3%) 0.00 478
2023-09-01 $499,000 (9.2%) $572,910 (1.3%) 0.00 479
2023-10-01 $494,100 (6.3%) $566,745 (-1.4%) 0.00 472
2023-11-01 $495,000 (1.4%) $570,539 (-2.0%) 0.00 468
2023-12-01 $495,000 (1.0%) $569,741 (-3.6%) 0.00 416
2024-01-01 $497,000 (5.3%) $570,323 (1.0%) 0.00 316
2024-02-01 $500,000 (0.2%) $587,497 (2.9%) 0.00 336
2024-03-01 $499,900 (0.8%) $586,302 (3.4%) 0.00 412
Show Low's median listing price for 2024-03-01 was $499,900, a difference of $4,175 (0.8%) versus the prior year and $-100 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 2024-03-01 was $586,302, a difference of $19,271 (3.4%) versus the prior year and $-1,195 versus the prior month.

For the 2024-03-01 period, Show Low had 412 MLS listings, a difference of 76 listings (23%) versus the prior month and 128 listings (45%) 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 1,849 sqft
2018-04-01 0 days 1,885 sqft
2018-05-01 0 days 1,919 sqft
2018-06-01 0 days 1,921 sqft
2018-07-01 0 days 1,919 sqft
2018-08-01 0 days 1,951 sqft
2018-09-01 0 days 1,937 sqft
2018-10-01 0 days 1,979 sqft
2018-11-01 0 days 1,997 sqft
2018-12-01 0 days 1,950 sqft
2019-01-01 0 days 1,864 sqft
2019-02-01 0 days 1,851 sqft
2019-03-01 0 days 1,880 sqft
2019-04-01 0 days 1,906 sqft
2019-05-01 0 days 1,885 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 1,828 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 2,008 sqft
2020-10-01 0 days 1,946 sqft
2020-11-01 0 days 1,911 sqft
2020-12-01 0 days 1,937 sqft
2021-01-01 0 days 1,955 sqft
2021-02-01 0 days 1,941 sqft
2021-03-01 0 days 1,998 sqft
2021-04-01 0 days 1,887 sqft
2021-05-01 0 days 1,865 sqft
2021-06-01 0 days 1,823 sqft
2021-07-01 0 days 1,852 sqft
2021-08-01 0 days 1,807 sqft
2021-09-01 0 days 1,920 sqft
2021-10-01 0 days 1,959 sqft
2021-11-01 0 days 1,922 sqft
2021-12-01 0 days 1,870 sqft
2022-01-01 0 days 1,834 sqft
2022-02-01 0 days 1,842 sqft
2022-03-01 0 days 1,898 sqft
2022-04-01 0 days 1,841 sqft
2022-05-01 0 days 1,870 sqft
2022-06-01 0 days 1,868 sqft
2022-07-01 0 days 1,820 sqft
2022-08-01 0 days 1,829 sqft
2022-09-01 0 days 1,812 sqft
2022-10-01 0 days 1,854 sqft
2022-11-01 0 days 1,886 sqft
2022-12-01 0 days 1,944 sqft
2023-01-01 0 days 1,883 sqft
2023-02-01 0 days 1,882 sqft
2023-03-01 0 days 1,854 sqft
2023-04-01 0 days 1,828 sqft
2023-05-01 0 days 1,828 sqft
2023-06-01 0 days 1,830 sqft
2023-07-01 0 days 1,830 sqft
2023-08-01 0 days 1,814 sqft
2023-09-01 0 days 1,821 sqft
2023-10-01 0 days 1,822 sqft
2023-11-01 0 days 1,825 sqft
2023-12-01 0 days 1,823 sqft
2024-01-01 0 days 1,844 sqft
2024-02-01 0 days 1,838 sqft
2024-03-01 0 days 1,836 sqft
Show Low's median listing age (time on market) for 2024-03-01 was 0 days.

Show Low's median square footage for active listings during the 2024-03-01 period was 1,836 sqft. One year prior, the average listing was 1,854 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.