Sierra Vista VA Loans

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 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 111 lenders originated 1,996 VA loans during 2021. The total origination value was $470,250,000, with an average VA loan value of $235,596.

Sierra Vista VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sierra Vista averaged 5.5% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.31% and one month ago for the week of 2022-04-15, the average rate was 5.18%.

The average rate one year ago was 3.27%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.28%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Sierra Vista level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
NOVA FINANCIAL & INVESTMENT CORPORATION 259 2.72% $4,903
GUILD MORTGAGE COMPANY 128 2.77% $5,374
Mortgage Research Center, LLC 127 2.84% $6,170
QUICKEN LOANS, LLC 109 2.42% $3,862
FREEDOM MORTGAGE CORPORATION 108 2.45% $2,698
SUNSTREET MORTGAGE, LLC 89 2.82% $6,319
PENNYMAC LOAN SERVICES, LLC 76 2.47% $4,252
USAA Federal Savings Bank 61 2.88% $3,973
NEW DAY FINANCIAL, LLC 53 2.75% $6,397
LOANDEPOT.COM, LLC 52 2.71% $6,667
NAVY FEDERAL CREDIT UNION 50 2.49% $5,518
ALTITUDE FINANCIAL CORPORATION 48 2.66% $5,207
VILLAGE CAPITAL & INVESTMENT LLC 41 2.37% $2,856
Wells Fargo Bank 36 2.51% $3,864
UNITED WHOLESALE MORTGAGE, LLC 35 2.43% $4,247
Prosperity Home Mortgage, LLC 32 2.67% $4,700
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 29 3.11% $6,960
CLEARPATH LENDING 27 2.35% $3,395
LAKEVIEW LOAN SERVICING, LLC 27 2.52% $1,944
GENEVA FINANCIAL, LLC 18 2.76% $4,733
NEWREZ LLC 18 2.55% $3,588
CALIBER HOME LOANS, INC. 17 2.53% $3,883
The Federal Savings Bank 17 2.48% $7,329
Neighborhood Loans, Inc. 16 2.71% $5,660
Low VA Rates, LLC 13 2.59% $3,459
Barrington Bank & Trust Company, N.A. 13 2.83% $5,408
Lakeview Community Capital, LLC 11 2.53% $2,148
HOME POINT FINANCIAL CORPORATION 9 2.46% $4,827
Mr. Cooper ( Nationstar Mortgage ) 9 2.85% $2,498
North American Savings Bank, F.S.B. 8 2.33% $3,390
SUN WEST MORTGAGE COMPANY, INC. 8 2.47% $4,490
AMERICAN FINANCIAL NETWORK, INC. 7 2.36% $8,047
AMERICAN PACIFIC MORTGAGE CORPORATION 7 2.61% $5,441
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 2.43% $6,518
PENTAGON FEDERAL CREDIT UNION 7 2.32% $7,627
First Guaranty Mortgage Corporation 6 2.85% $2,019
SOVEREIGN LENDING GROUP INCORPORATED 6 2.69% $7,985
CROSSCOUNTRY MORTGAGE, LLC 5 3.03% $7,668
ACCELERATE MORTGAGE, LLC 5 2.30% $4,583
Armed Forces Bank 5 2.50% $4,628
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 2.50% $3,150
Carrington Mortgage Services, LLC 5 3.00% $6,189
PLANET HOME LENDING, LLC 5 2.35% $4,291
LEADERONE FINANCIAL CORPORATION 4 3.81% $7,083
SOUTHWEST STAGE FUNDING, LLC 4 3.22% $1,585
GUARANTEED RATE, INC. 4 2.50% $5,645
V.I.P. MORTGAGE, INC. 4 2.78% $9,514
AMERISAVE MORTGAGE CORPORATION 4 2.38% $5,142
AMERICAN FINANCING CORPORATION 4 2.75% $7,167
Nations Lending Corporation 4 3.34% $6,197
LOANPAL, LLC 4 3.03% $5,905
BROKER SOLUTIONS, INC. 4 2.78% $7,070
U.S. Bank 4 2.78% $5,355
Amerifirst Financial, Inc. 4 2.94% $2,721
Goldwater Bank, N.A. 3 3.29% $10,597
CELEBRITY HOME LOANS, LLC 3 2.63% $4,722
Magnolia Bank 3 2.79% $6,832
InterContinental Capital Group, Inc 3 2.54% $2,336
STEARNS LENDING, LLC 3 2.38% $4,166
NETWORK CAPITAL FUNDING CORPORATION 3 2.54% $4,678
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 2.38% $4,300
HOMESIDE FINANCIAL, LLC 3 2.79% $3,217
NP, Inc. 3 2.33% $4,897
First Federal Bank 3 2.79% $6,420
SUMMIT FUNDING, INC. 2 3.25% $18,456
MANN FINANCIAL INC. 2 3.31% $3,832
BNC National Bank 2 2.38% $7,318
Flagstar Bank, FSB 2 2.94% $4,413
MUTUAL OF OMAHA MORTGAGE, INC. 2 2.44% $10,191
PHH Mortgage Corporation 2 3.44% $2,577
CHURCHILL MORTGAGE CORPORATION 2 3.00% $10,470
Mid-Continent Funding, Inc. 2 2.75% $9,103
Commerce Home Mortgage, Inc. 2 2.25% $4,979
CMG MORTGAGE, INC. 2 3.00% $2,809
TOP FLITE FINANCIAL, INC. 1 3.25% $12,745
UNITED SECURITY FINANCIAL CORP 1 2.25% $11,812
VERITAS FUNDING, LLC 1 3.00% $2,419
Watermark Capital, Inc. 1 2.25% $2,217
Alaska USA Federal Credit Union 1 2.25% $0
ZILLOW HOME LOANS, LLC 1 2.88% $10,099
Zions Bancorporation, N.A. 1 2.75% $1,763
INTERCAP LENDING INC. 1 3.13% $2,673
KS StateBank 1 2.50% $458
LENDING 3, INC. 1 2.99% $4,614
LHM FINANCIAL CORPORATION 1 2.25% $2,483
FIRST NATIONS HOME FINANCE CORPORATION 1 2.38% $13,455
First Federal Bank of Kansas City 1 2.63% $3,887
Manufacturers and Traders Trust Company 1 2.25% $3,676
MID AMERICA MORTGAGE, INC. 1 2.25% $1,066
MORIA DEVELOPMENT, INC. 1 2.25% $2,766
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.88% $648
MOVEMENT MORTGAGE, LLC 1 2.88% $12,938
EVERETT FINANCIAL, INC. 1 2.38% $2,481
EMBRACE HOME LOANS, INC. 1 2.50% $1,054
NBH Bank 1 2.38% $623
NBKC BANK 1 2.63% $6,953
DIRECTORS MORTGAGE, INC. 1 3.50% $7,461
ACADEMY MORTGAGE CORPORATION 1 3.63% $4,323
Northpointe Bank 1 2.63% $3,324
ON Q FINANCIAL, INC. 1 5.50% $6,894
Paramount Bank 1 2.63% $6,538
Paramount Residential Mortgage Group, Inc. 1 2.75% $9,437
Capital Bank 1 2.75% $786
GUARANTEED RATE AFFINITY, LLC 1 2.75% $7,889
PLAZA HOME MORTGAGE, INC. 1 2.75% $10,611
Prime Choice Funding Inc. 1 2.25% $1,552
RELIANCE FIRST CAPITAL, LLC 1 3.50% $3,583
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.25% $3,317
BAY EQUITY LLC 1 3.25% $4,871
Bank of England 1 3.00% $2,693
ARIZONA 1 2.38% $1,894

The top Sierra Vista VA lender as defined by loan originations is NOVA FINANCIAL & INVESTMENT CORPORATION, with 259 VA loans originated. Their average total fees are $4,903, which is $470 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Sierra Vista VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($1,944), Lakeview Community Capital, LLC ($2,148), FREEDOM MORTGAGE CORPORATION ($2,698), VILLAGE CAPITAL & INVESTMENT LLC ($2,856) and CLEARPATH LENDING ($3,395).

The lowest rate Sierra Vista VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.35%), VILLAGE CAPITAL & INVESTMENT LLC (2.37%), QUICKEN LOANS, LLC (2.42%), UNITED WHOLESALE MORTGAGE, LLC (2.43%) and FREEDOM MORTGAGE CORPORATION (2.45%).


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 $172,305 (7.8%) $222,234 (-4.9%) 0.00 839
2018-02-01 $175,000 (9.4%) $225,030 (-5.7%) 0.00 821
2018-03-01 $174,000 (9.1%) $224,249 (-3.6%) 0.00 787
2018-04-01 $179,700 (9.2%) $232,036 (0.4%) 0.00 725
2018-05-01 $185,000 (11.8%) $244,592 (3.5%) 0.00 721
2018-06-01 $190,000 (11.8%) $245,508 (3.2%) 0.00 750
2018-07-01 $198,500 (16.8%) $249,884 (4.4%) 0.00 737
2018-08-01 $190,000 (12.1%) $250,300 (6.3%) 0.00 730
2018-09-01 $187,500 (7.8%) $253,042 (6.4%) 0.00 733
2018-10-01 $186,750 (9.9%) $251,302 (7.5%) 0.00 711
2018-11-01 $190,000 (12.4%) $248,527 (11.5%) 0.00 717
2018-12-01 $189,900 (12.4%) $247,329 (12.2%) 0.00 691
2019-01-01 $194,950 (13.1%) $241,544 (8.7%) 0.00 664
2019-02-01 $191,250 (9.3%) $240,871 (7.0%) 0.00 652
2019-03-01 $193,857 (11.4%) $250,560 (11.7%) 0.00 620
2019-04-01 $198,357 (10.4%) $258,872 (11.6%) 0.00 585
2019-05-01 $197,750 (6.9%) $256,021 (4.7%) 0.00 563
2019-06-01 $197,500 (4.0%) $250,490 (2.0%) 0.00 604
2019-07-01 $198,950 (0.2%) $250,166 (0.1%) 0.00 628
2019-08-01 $201,514 (6.1%) $252,221 (0.8%) 0.00 637
2019-09-01 $204,564 (9.1%) $255,903 (1.1%) 0.00 625
2019-10-01 $202,500 (8.4%) $253,926 (1.0%) 0.00 610
2019-11-01 $211,027 (11.1%) $262,547 (5.6%) 0.00 582
2019-12-01 $211,964 (11.6%) $267,676 (8.2%) 0.00 563
2020-01-01 $210,000 (7.7%) $271,510 (12.4%) 0.00 542
2020-02-01 $210,000 (9.8%) $274,796 (14.1%) 0.00 506
2020-03-01 $207,450 (7.0%) $275,583 (10.0%) 0.00 492
2020-04-01 $212,500 (7.1%) $267,020 (3.2%) 0.00 373
2020-05-01 $215,000 (8.7%) $279,849 (9.3%) 0.00 377
2020-06-01 $217,450 (10.1%) $286,397 (14.3%) 0.00 353
2020-07-01 $217,500 (9.3%) $290,370 (16.1%) 0.00 329
2020-08-01 $230,000 (14.1%) $303,811 (20.5%) 0.00 294
2020-09-01 $227,500 (11.2%) $314,130 (22.8%) 0.00 270
2020-10-01 $225,000 (11.1%) $319,677 (25.9%) 0.00 268
2020-11-01 $225,000 (6.6%) $323,674 (23.3%) 0.00 253
2020-12-01 $219,950 (3.8%) $316,674 (18.3%) 0.00 265
2021-01-01 $225,000 (7.1%) $314,388 (15.8%) 0.00 255
2021-02-01 $239,000 (13.8%) $348,622 (26.9%) 0.00 229
2021-03-01 $247,500 (19.3%) $367,159 (33.2%) 0.00 230
2021-04-01 $264,950 (24.7%) $388,256 (45.4%) 0.00 215
2021-05-01 $255,000 (18.6%) $393,060 (40.5%) 0.00 230
2021-06-01 $265,750 (22.2%) $405,067 (41.4%) 0.00 267
2021-07-01 $280,500 (29.0%) $410,164 (41.3%) 0.00 282
2021-08-01 $287,500 (25.0%) $423,490 (39.4%) 0.00 256
2021-09-01 $312,000 (37.1%) $439,860 (40.0%) 0.00 270
2021-10-01 $320,000 (42.2%) $431,873 (35.1%) 0.00 273
2021-11-01 $299,450 (33.1%) $431,820 (33.4%) 0.00 275
2021-12-01 $296,250 (34.7%) $434,864 (37.3%) 0.00 234
2022-01-01 $287,000 (27.6%) $448,643 (42.7%) 0.00 193
2022-02-01 $304,950 (27.6%) $452,853 (29.9%) 0.00 185
2022-03-01 $287,450 (16.1%) $437,922 (19.3%) 0.00 184
2022-04-01 $299,500 (13.0%) $448,453 (15.5%) 0.00 208
Sierra Vista's median listing price for 2022-04-01 was $299,500, a difference of $34,550 (13.0%) versus the prior year and $12,050 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 2022-04-01 was $448,453, a difference of $60,197 (15.5%) versus the prior year and $10,531 versus the prior month.

For the 2022-04-01 period, Sierra Vista had 208 MLS listings, a difference of 24 listings (13%) versus the prior month and -7 listings (-3%) 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 1,801 sqft
2018-02-01 0 days 1,814 sqft
2018-03-01 0 days 1,808 sqft
2018-04-01 0 days 1,813 sqft
2018-05-01 0 days 1,815 sqft
2018-06-01 0 days 1,851 sqft
2018-07-01 0 days 1,883 sqft
2018-08-01 0 days 1,868 sqft
2018-09-01 0 days 1,851 sqft
2018-10-01 0 days 1,830 sqft
2018-11-01 0 days 1,826 sqft
2018-12-01 0 days 1,830 sqft
2019-01-01 0 days 1,816 sqft
2019-02-01 0 days 1,816 sqft
2019-03-01 0 days 1,824 sqft
2019-04-01 0 days 1,818 sqft
2019-05-01 0 days 1,797 sqft
2019-06-01 0 days 1,794 sqft
2019-07-01 0 days 1,789 sqft
2019-08-01 0 days 1,785 sqft
2019-09-01 0 days 1,785 sqft
2019-10-01 0 days 1,762 sqft
2019-11-01 0 days 1,785 sqft
2019-12-01 0 days 1,815 sqft
2020-01-01 0 days 1,813 sqft
2020-02-01 0 days 1,804 sqft
2020-03-01 0 days 1,830 sqft
2020-04-01 0 days 1,811 sqft
2020-05-01 0 days 1,794 sqft
2020-06-01 0 days 1,799 sqft
2020-07-01 0 days 1,845 sqft
2020-08-01 0 days 1,870 sqft
2020-09-01 0 days 1,855 sqft
2020-10-01 0 days 1,859 sqft
2020-11-01 0 days 1,845 sqft
2020-12-01 0 days 1,865 sqft
2021-01-01 0 days 1,881 sqft
2021-02-01 0 days 1,865 sqft
2021-03-01 0 days 1,881 sqft
2021-04-01 0 days 1,931 sqft
2021-05-01 0 days 1,867 sqft
2021-06-01 0 days 1,848 sqft
2021-07-01 0 days 1,886 sqft
2021-08-01 0 days 1,860 sqft
2021-09-01 0 days 1,923 sqft
2021-10-01 0 days 1,950 sqft
2021-11-01 0 days 1,935 sqft
2021-12-01 0 days 1,952 sqft
2022-01-01 0 days 1,999 sqft
2022-02-01 0 days 1,953 sqft
2022-03-01 0 days 1,890 sqft
2022-04-01 0 days 1,846 sqft
Sierra Vista's median listing age (time on market) for 2022-04-01 was 0 days.

Sierra Vista's median square footage for active listings during the 2022-04-01 period was 1,846 sqft. One year prior, the average listing was 1,931 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.