Sierra Vista VA Loan Rates, Closing Costs & Stats

SIERRA VISTA-DOUGLAS, 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.

    Sierra Vista's 75 lenders originated 622 VA loans during 2023. The total origination value was $181,370,000, with an average VA loan value of $291,592.

    Sierra Vista VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sierra Vista averaged 0.35% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Sierra Vista's average VA mortgage closing costs are $5,273.

    The average rate for the prior week (2024-11-08) was 6.66% and one month ago for the week of 2024-10-11, the average rate was 6.23%.

    The average rate one year ago was 7.42%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.07%.

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

    Sierra Vista 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 Sierra Vista level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 110 6.52% $6,985
    Mortgage Research Center, LLC 59 6.73% $5,316
    NOVA FINANCIAL & INVESTMENT CORPORATION 44 6.19% $6,566
    UNITED WHOLESALE MORTGAGE, LLC 32 6.20% $8,203
    AMERICAN PACIFIC MORTGAGE CORPORATION 26 6.51% $9,607
    NAVY FEDERAL CREDIT UNION 25 5.83% $6,760
    QUICKEN LOANS, LLC 24 6.27% $10,489
    Prosperity Home Mortgage, LLC 23 6.23% $7,356
    ALTITUDE FINANCIAL CORPORATION 21 6.33% $7,097
    GUILD MORTGAGE COMPANY 17 6.66% $9,042
    LOANDEPOT.COM, LLC 16 6.74% $11,821
    GENEVA FINANCIAL, LLC 15 6.45% $9,682
    PENNYMAC LOAN SERVICES, LLC 14 5.29% $9,386
    Neighborhood Loans, Inc. 12 6.98% $8,865
    The Federal Savings Bank 10 6.56% $14,656
    NEW DAY FINANCIAL, LLC 10 7.38% $10,604
    INSPIRE HOME LOANS INC. 10 5.73% $6,912
    FREEDOM MORTGAGE CORPORATION 10 6.61% $14,652
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.92% $7,524
    Wells Fargo Bank 6 5.69% $6,145
    USAA Federal Savings Bank 6 6.13% $10,887
    LOANPAL, LLC 5 6.45% $11,730
    ACADEMY MORTGAGE CORPORATION 4 6.47% $9,297
    V.I.P. MORTGAGE, INC. 4 7.19% $3,596
    Mr. Cooper ( Nationstar Mortgage ) 4 6.03% $13,213
    The Loan Store, Inc. 3 6.42% $10,120
    NEWREZ LLC 3 6.42% $23,982
    GUARANTEED RATE, INC. 3 6.54% $6,193
    Armed Forces Bank 3 5.71% $5,761
    PENTAGON FEDERAL CREDIT UNION 3 5.33% $8,306
    VILLAGE CAPITAL MORTGAGE 3 6.17% $6,330
    ALAMEDA MORTGAGE CORPORATION 3 6.25% $6,623
    CARDINAL FINANCIAL 2 6.50% $13,087
    Barrington Bank & Trust Company, N.A. 2 6.25% $7,667
    CALCON MUTUAL MORTGAGE LLC 2 6.69% $6,583
    CMG MORTGAGE, INC. 2 7.25% $6,900
    Equity Prime Mortgage LLC 2 6.38% $13,775
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.63% $7,929
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.13% $10,918
    MOVEMENT MORTGAGE, LLC 2 5.63% $6,739
    SOUTHWEST STAGE FUNDING, LLC 2 6.63% $29
    SUN WEST MORTGAGE COMPANY, INC. 2 6.56% $7,541
    Flagstar Bank, FSB 1 6.25% $6,896
    AMERICAN FINANCING CORPORATION 1 6.63% $15,522
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $12,337
    First Savings Bank 1 6.25% $15,816
    Nations Lending Corporation 1 5.75% $14,630
    First Federal Bank 1 8.00% $4,747
    DIRECT MORTGAGE, CORP. 1 6.50% $12,867
    NETWORK CAPITAL FUNDING CORPORATION 1 7.13% $8,680
    Century Mortgage Company DBA Century Lending Company 1 4.99% $6,352
    CASTLE & COOKE MORTGAGE, LLC 1 6.25% $12,039
    Northpointe Bank 1 6.63% $7,570
    Carrington Mortgage Services, LLC 1 5.13% $3,321
    ON Q FINANCIAL, INC. 1 6.63% $12,062
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 5.75% $11,089
    CALIBER HOME LOANS, INC. 1 5.75% $21,402
    BROKER SOLUTIONS, INC. 1 6.00% $14,544
    PLAZA HOME MORTGAGE, INC. 1 7.75% $9,139
    Bell Bank 1 7.00% $3,600
    BELEM SERVICING LLC 1 5.38% $8,237
    SeaTrust Mortgage Company 1 6.49% $7,282
    AMCAP MORTGAGE, LTD. 1 6.75% $17,293
    Wyndham Capital Mortgage, Inc. 1 5.63% $18,739
    SWBC MORTGAGE CORPORATION 1 6.25% $5,745
    BAY EQUITY LLC 1 6.63% $13,221
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $12,172
    TruHome Solutions, LLC 1 7.50% $700
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $7,619
    American Mortgage & Equity Consultants, Inc. 1 8.13% $9,695
    VERITAS FUNDING, LLC 1 7.13% $18,908
    HOMESIDE FINANCIAL, LLC 1 6.75% $4,950
    GUARANTEED RATE AFFINITY, LLC 1 7.75% $403
    Franklin Loan Corporation 1 6.63% $11,689
    Magnolia Bank 1 6.88% $21,505

    The top Sierra Vista VA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 110 VA loans originated. Their average total fees are $6,985, which is $1,669 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Sierra Vista VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,316), NOVA FINANCIAL & INVESTMENT CORPORATION ($6,566), NAVY FEDERAL CREDIT UNION ($6,760), INSPIRE HOME LOANS INC. ($6,912) and CROSSCOUNTRY MORTGAGE, LLC ($6,985).

    The lowest rate Sierra Vista VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.29%), INSPIRE HOME LOANS INC. (5.73%), NAVY FEDERAL CREDIT UNION (5.83%), NOVA FINANCIAL & INVESTMENT CORPORATION (6.19%) and UNITED WHOLESALE MORTGAGE, LLC (6.20%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sierra Vista (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 $169,450 (9.3%) $218,700 (-2.1%) 0.00 763
    2018-02-01 $174,925 (11.1%) $223,683 (-1.7%) 0.00 745
    2018-03-01 $170,750 (10.2%) $220,482 (-1.0%) 0.00 708
    2018-04-01 $176,000 (12.1%) $226,031 (1.5%) 0.00 660
    2018-05-01 $178,925 (13.4%) $241,223 (6.4%) 0.00 654
    2018-06-01 $185,000 (12.1%) $240,645 (5.2%) 0.00 690
    2018-07-01 $189,500 (13.8%) $243,218 (5.5%) 0.00 677
    2018-08-01 $184,950 (9.5%) $242,706 (5.9%) 0.00 667
    2018-09-01 $179,900 (5.8%) $244,940 (6.7%) 0.00 663
    2018-10-01 $180,200 (6.8%) $242,546 (7.6%) 0.00 639
    2018-11-01 $185,000 (12.1%) $243,696 (13.3%) 0.00 635
    2018-12-01 $185,000 (12.1%) $241,386 (12.0%) 0.00 617
    2019-01-01 $189,250 (11.7%) $236,926 (8.3%) 0.00 593
    2019-02-01 $186,225 (6.5%) $236,739 (5.8%) 0.00 590
    2019-03-01 $192,400 (12.7%) $247,303 (12.2%) 0.00 562
    2019-04-01 $196,550 (11.7%) $257,748 (14.0%) 0.00 533
    2019-05-01 $196,750 (10.0%) $256,947 (6.5%) 0.00 513
    2019-06-01 $196,500 (6.2%) $248,021 (3.1%) 0.00 549
    2019-07-01 $198,125 (4.6%) $247,929 (1.9%) 0.00 564
    2019-08-01 $198,341 (7.2%) $248,001 (2.2%) 0.00 564
    2019-09-01 $198,852 (10.5%) $248,565 (1.5%) 0.00 552
    2019-10-01 $199,598 (10.8%) $250,113 (3.1%) 0.00 542
    2019-11-01 $199,950 (8.1%) $256,694 (5.3%) 0.00 513
    2019-12-01 $204,450 (10.5%) $260,374 (7.9%) 0.00 487
    2020-01-01 $199,750 (5.6%) $261,729 (10.5%) 0.00 460
    2020-02-01 $203,000 (9.0%) $265,376 (12.1%) 0.00 427
    2020-03-01 $199,999 (4.0%) $266,222 (7.7%) 0.00 402
    2020-04-01 $207,200 (5.4%) $261,540 (1.5%) 0.00 340
    2020-05-01 $211,750 (7.6%) $272,200 (5.9%) 0.00 340
    2020-06-01 $215,100 (9.5%) $278,240 (12.2%) 0.00 316
    2020-07-01 $211,750 (6.9%) $286,271 (15.5%) 0.00 298
    2020-08-01 $225,000 (13.4%) $300,827 (21.3%) 0.00 274
    2020-09-01 $218,725 (10.0%) $296,596 (19.3%) 0.00 252
    2020-10-01 $219,900 (10.2%) $303,560 (21.4%) 0.00 250
    2020-11-01 $218,700 (9.4%) $308,397 (20.1%) 0.00 232
    2020-12-01 $215,000 (5.2%) $302,976 (16.4%) 0.00 243
    2021-01-01 $219,950 (10.1%) $315,431 (20.5%) 0.00 227
    2021-02-01 $225,000 (10.8%) $334,917 (26.2%) 0.00 205
    2021-03-01 $240,250 (20.1%) $353,431 (32.8%) 0.00 200
    2021-04-01 $245,000 (18.2%) $370,423 (41.6%) 0.00 184
    2021-05-01 $245,000 (15.7%) $371,009 (36.3%) 0.00 197
    2021-06-01 $254,475 (18.3%) $387,207 (39.2%) 0.00 238
    2021-07-01 $262,631 (24.0%) $391,928 (36.9%) 0.00 250
    2021-08-01 $266,250 (18.3%) $406,441 (35.1%) 0.00 230
    2021-09-01 $299,750 (37.0%) $417,765 (40.9%) 0.00 244
    2021-10-01 $294,500 (33.9%) $411,914 (35.7%) 0.00 245
    2021-11-01 $282,000 (28.9%) $418,562 (35.7%) 0.00 251
    2021-12-01 $282,125 (31.2%) $421,003 (39.0%) 0.00 214
    2022-01-01 $287,000 (30.5%) $432,645 (37.2%) 0.00 181
    2022-02-01 $297,250 (32.1%) $441,312 (31.8%) 0.00 168
    2022-03-01 $281,225 (17.1%) $414,043 (17.2%) 0.00 160
    2022-04-01 $289,000 (18.0%) $425,698 (14.9%) 0.00 185
    2022-05-01 $284,975 (16.3%) $414,727 (11.8%) 0.00 231
    2022-06-01 $295,000 (15.9%) $402,825 (4.0%) 0.00 298
    2022-07-01 $295,000 (12.3%) $405,693 (3.5%) 0.00 330
    2022-08-01 $316,200 (18.8%) $415,816 (2.3%) 0.00 342
    2022-09-01 $330,250 (10.2%) $421,849 (1.0%) 0.00 339
    2022-10-01 $329,500 (11.9%) $421,439 (2.3%) 0.00 348
    2022-11-01 $317,500 (12.6%) $409,223 (-2.2%) 0.00 368
    2022-12-01 $299,250 (6.1%) $404,266 (-4.0%) 0.00 359
    2023-01-01 $314,870 (9.7%) $413,193 (-4.5%) 0.00 336
    2023-02-01 $299,389 (0.7%) $410,870 (-6.9%) 0.00 327
    2023-03-01 $322,475 (14.7%) $434,954 (5.1%) 0.00 307
    2023-04-01 $325,000 (12.5%) $426,837 (0.3%) 0.00 315
    2023-05-01 $328,000 (15.1%) $433,183 (4.5%) 0.00 307
    2023-06-01 $328,450 (11.3%) $436,157 (8.3%) 0.00 305
    2023-07-01 $325,000 (10.2%) $434,186 (7.0%) 0.00 303
    2023-08-01 $325,000 (2.8%) $421,809 (1.4%) 0.00 330
    2023-09-01 $325,000 (-1.6%) $423,331 (0.4%) 0.00 337
    2023-10-01 $332,950 (1.1%) $425,879 (1.1%) 0.00 379
    2023-11-01 $327,000 (3.0%) $421,697 (3.1%) 0.00 425
    2023-12-01 $322,250 (7.7%) $421,145 (4.2%) 0.00 436
    2024-01-01 $313,450 (-0.5%) $423,296 (2.4%) 0.00 428
    2024-02-01 $313,000 (4.6%) $427,013 (3.9%) 0.00 421
    2024-03-01 $319,000 (-1.1%) $421,835 (-3.0%) 0.00 461
    2024-04-01 $318,500 (-2.0%) $420,846 (-1.4%) 0.00 460
    2024-05-01 $320,500 (-2.3%) $428,493 (-1.1%) 0.00 473
    2024-06-01 $329,450 (0.3%) $436,052 (0.0%) 0.00 428
    2024-07-01 $313,591 (-3.5%) $396,317 (-8.7%) 0.00 404
    2024-08-01 $310,000 (-4.6%) $407,019 (-3.5%) 0.00 398
    2024-09-01 $329,225 (1.3%) $404,022 (-4.6%) 0.00 408
    2024-10-01 $327,000 (-1.8%) $406,817 (-4.5%) 0.00 421
    Sierra Vista's median listing price for 2024-10-01 was $327,000, a difference of $-5,950 (-1.8%) versus the prior year and $-2,225 versus the prior month.

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

    Sierra Vista's average listing price for 2024-10-01 was $406,817, a difference of $-19,062 (-4.5%) versus the prior year and $2,795 versus the prior month.

    For the 2024-10-01 period, Sierra Vista had 421 MLS listings, a difference of 13 listings (3%) versus the prior month and 42 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sierra Vista (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,778 sqft
    2018-02-01 0 days 1,806 sqft
    2018-03-01 0 days 1,769 sqft
    2018-04-01 0 days 1,785 sqft
    2018-05-01 0 days 1,779 sqft
    2018-06-01 0 days 1,820 sqft
    2018-07-01 0 days 1,835 sqft
    2018-08-01 0 days 1,829 sqft
    2018-09-01 0 days 1,812 sqft
    2018-10-01 0 days 1,798 sqft
    2018-11-01 0 days 1,802 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,795 sqft
    2019-02-01 0 days 1,788 sqft
    2019-03-01 0 days 1,801 sqft
    2019-04-01 0 days 1,806 sqft
    2019-05-01 0 days 1,790 sqft
    2019-06-01 0 days 1,775 sqft
    2019-07-01 0 days 1,776 sqft
    2019-08-01 0 days 1,768 sqft
    2019-09-01 0 days 1,761 sqft
    2019-10-01 0 days 1,757 sqft
    2019-11-01 0 days 1,756 sqft
    2019-12-01 0 days 1,792 sqft
    2020-01-01 0 days 1,787 sqft
    2020-02-01 0 days 1,788 sqft
    2020-03-01 0 days 1,826 sqft
    2020-04-01 0 days 1,805 sqft
    2020-05-01 0 days 1,796 sqft
    2020-06-01 0 days 1,797 sqft
    2020-07-01 0 days 1,828 sqft
    2020-08-01 0 days 1,865 sqft
    2020-09-01 0 days 1,811 sqft
    2020-10-01 0 days 1,812 sqft
    2020-11-01 0 days 1,792 sqft
    2020-12-01 0 days 1,840 sqft
    2021-01-01 0 days 1,840 sqft
    2021-02-01 0 days 1,817 sqft
    2021-03-01 0 days 1,832 sqft
    2021-04-01 0 days 1,880 sqft
    2021-05-01 0 days 1,798 sqft
    2021-06-01 0 days 1,806 sqft
    2021-07-01 0 days 1,856 sqft
    2021-08-01 0 days 1,837 sqft
    2021-09-01 0 days 1,899 sqft
    2021-10-01 0 days 1,925 sqft
    2021-11-01 0 days 1,913 sqft
    2021-12-01 0 days 1,941 sqft
    2022-01-01 0 days 1,965 sqft
    2022-02-01 0 days 1,934 sqft
    2022-03-01 0 days 1,831 sqft
    2022-04-01 0 days 1,830 sqft
    2022-05-01 0 days 1,800 sqft
    2022-06-01 0 days 1,859 sqft
    2022-07-01 0 days 1,824 sqft
    2022-08-01 0 days 1,885 sqft
    2022-09-01 0 days 1,937 sqft
    2022-10-01 0 days 1,944 sqft
    2022-11-01 0 days 1,883 sqft
    2022-12-01 0 days 1,807 sqft
    2023-01-01 0 days 1,865 sqft
    2023-02-01 0 days 1,843 sqft
    2023-03-01 0 days 1,901 sqft
    2023-04-01 0 days 1,869 sqft
    2023-05-01 0 days 1,903 sqft
    2023-06-01 0 days 1,908 sqft
    2023-07-01 0 days 1,877 sqft
    2023-08-01 0 days 1,855 sqft
    2023-09-01 0 days 1,826 sqft
    2023-10-01 0 days 1,894 sqft
    2023-11-01 0 days 1,875 sqft
    2023-12-01 0 days 1,842 sqft
    2024-01-01 0 days 1,809 sqft
    2024-02-01 0 days 1,792 sqft
    2024-03-01 0 days 1,802 sqft
    2024-04-01 0 days 1,803 sqft
    2024-05-01 0 days 1,804 sqft
    2024-06-01 0 days 1,820 sqft
    2024-07-01 0 days 1,804 sqft
    2024-08-01 0 days 1,816 sqft
    2024-09-01 0 days 1,815 sqft
    2024-10-01 0 days 1,832 sqft
    Sierra Vista's median listing age (time on market) for 2024-10-01 was 0 days.

    Sierra Vista's median square footage for active listings during the 2024-10-01 period was 1,832 sqft. One year prior, the average listing was 1,894 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.