Sierra Vista VA Loan Rates, Closing Costs & Stats

SIERRA VISTA-DOUGLAS, 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.

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 6.26% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

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

The average rate for the prior week (2024-07-12) was 6.5% and one month ago for the week of 2024-06-14, the average rate was 6.66%.

The average rate one year ago was 6.54%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.37%.

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 $329,900 (0.4%) $437,352 (0.3%) 0.00 428
Sierra Vista's median listing price for 2024-06-01 was $329,900, a difference of $1,450 (0.4%) versus the prior year and $9,400 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 2024-06-01 was $437,352, a difference of $1,195 (0.3%) versus the prior year and $8,859 versus the prior month.

For the 2024-06-01 period, Sierra Vista had 428 MLS listings, a difference of -45 listings (-10%) versus the prior month and 123 listings (40%) 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 1,825 sqft
Sierra Vista's median listing age (time on market) for 2024-06-01 was 0 days.

Sierra Vista's median square footage for active listings during the 2024-06-01 period was 1,825 sqft. One year prior, the average listing was 1,908 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.