St. George VA Loans

ST. GEORGE, UT

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.

St. George's 88 lenders originated 934 VA loans during 2021. The total origination value was $331,350,000, with an average VA loan value of $354,764.

St. George VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in St. George averaged 5.48% 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 5.29% and one month ago for the week of 2022-04-15, the average rate was 5.35%.

The average rate one year ago was 3.04%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.44%.

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

St. George 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 St. George level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 80 2.43% $5,231
FREEDOM MORTGAGE CORPORATION 59 2.39% $2,972
UNITED WHOLESALE MORTGAGE, LLC 56 2.46% $6,440
PENNYMAC LOAN SERVICES, LLC 52 2.36% $5,927
Mortgage Research Center, LLC 42 2.71% $6,717
SUN AMERICAN MORTGAGE COMPANY 40 2.85% $7,769
FIRST COLONY MORTGAGE CORPORATION 39 2.74% $6,999
VILLAGE CAPITAL & INVESTMENT LLC 34 2.10% $3,993
GUILD MORTGAGE COMPANY 34 2.66% $8,987
The Federal Savings Bank 29 2.51% $8,668
BELEM SERVICING LLC 24 2.70% $7,597
Low VA Rates, LLC 20 2.51% $5,167
NEWREZ LLC 19 2.68% $8,069
INTERCAP LENDING INC. 18 2.62% $7,597
CHERRY CREEK MORTGAGE, LLC 17 2.75% $3,655
LOANDEPOT.COM, LLC 16 2.40% $4,448
Wells Fargo Bank 15 2.43% $3,966
ACADEMY MORTGAGE CORPORATION 15 2.72% $9,767
HOME POINT FINANCIAL CORPORATION 14 2.57% $5,168
LAKEVIEW LOAN SERVICING, LLC 14 2.39% $2,281
USAA Federal Savings Bank 11 2.92% $1,568
BROKER SOLUTIONS, INC. 10 2.53% $5,323
CALIBER HOME LOANS, INC. 10 2.59% $3,338
VERITAS FUNDING, LLC 10 2.63% $9,630
BAY EQUITY LLC 10 3.03% $12,662
CITYWIDE HOME LOANS, LLC 9 2.63% $11,934
NAVY FEDERAL CREDIT UNION 8 2.50% $5,709
North American Savings Bank, F.S.B. 7 2.45% $4,650
AMERICAN PACIFIC MORTGAGE CORPORATION 7 2.79% $8,878
Barrington Bank & Trust Company, N.A. 7 2.59% $5,764
Mr. Cooper ( Nationstar Mortgage ) 7 2.43% $4,566
AMERISAVE MORTGAGE CORPORATION 6 2.58% $4,843
Zions Bancorporation, N.A. 5 2.35% $2,197
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.13% $11,115
CITY FIRST MORTGAGE SERVICES, L.L.C. 5 2.73% $7,180
MOUNTAIN AMERICA 5 2.35% $5,626
SECURITYNATIONAL MORTGAGE COMPANY 5 2.65% $10,503
STEARNS LENDING, LLC 5 2.28% $5,962
SUN WEST MORTGAGE COMPANY, INC. 5 2.35% $4,733
Hometown Lenders, Inc. 4 3.31% $12,370
First Guaranty Mortgage Corporation 4 2.38% $2,549
RANLIFE, INC. 3 2.63% $12,814
AXIA FINANCIAL, LLC 3 2.50% $8,737
Magnolia Bank 3 2.25% $3,020
CROSSCOUNTRY MORTGAGE, LLC 3 2.42% $5,468
AMERICAN FINANCING CORPORATION 3 2.75% $9,676
SOVEREIGN LENDING GROUP INCORPORATED 3 2.46% $9,771
First Federal Bank 3 2.75% $12,000
NATIONS RELIABLE LENDING, LLC 3 3.21% $6,136
Flagstar Bank, FSB 2 3.17% $12,582
LEADERONE FINANCIAL CORPORATION 2 3.13% $4,049
DIRECT MORTGAGE, CORP. 2 2.31% $5,284
MY MOVE MORTGAGE, LLC 2 2.63% $15,424
Strong Home Mortgage, LLC 2 2.25% $770
Nations Lending Corporation 2 3.13% $9,276
AMERICAN FINANCIAL NETWORK, INC. 2 3.00% $12,301
GUARANTEED RATE, INC. 2 2.56% $4,867
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.19% $4,452
GENEVA FINANCIAL, LLC 2 2.75% $10,557
CANOPY MORTGAGE, LLC 1 2.63% $4,204
Cache Valley Bank 1 2.25% $1,218
BNC National Bank 1 2.25% $2,868
Bank of Utah 1 2.50% $6,100
VAN DYK MORTGAGE CORPORATION 1 2.25% $3,281
Bank of England 1 2.25% $9,756
Florida Capital Bank 1 2.63% $5,133
Gateway First Bank 1 2.88% $17,286
Goldwater Bank, N.A. 1 2.88% $3,421
GOLDENWEST 1 2.38% $884
First Savings Bank 1 2.25% $3,823
KS StateBank 1 2.25% $1,930
FirstBank 1 2.50% $944
LOANPAL, LLC 1 2.50% $5,979
MID AMERICA MORTGAGE, INC. 1 2.25% $2,723
MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 3.25% $4,928
EMBRACE HOME LOANS, INC. 1 2.75% $4,286
MOVEMENT MORTGAGE, LLC 1 2.88% $0
DHI MORTGAGE COMPANY, LTD. 1 2.50% $2,346
NBH Bank 1 2.37% $10,751
NBKC BANK 1 2.25% $2,039
Network Funding, L.P. 1 3.63% $9,043
CMG MORTGAGE, INC. 1 2.25% $1,970
CHURCHILL MORTGAGE CORPORATION 1 3.00% $17,639
PENTAGON FEDERAL CREDIT UNION 1 2.38% $2,734
PREMIER MORTGAGE RESOURCES, L.L.C. 1 2.25% $15,239
Capital Bank 1 2.38% $1,487
SECURITY HOME MORTGAGE, LLC. 1 2.25% $4,271
Wyndham Capital Mortgage, Inc. 1 2.25% $2,665

The top St. George VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 80 VA loans originated. Their average total fees are $5,231, which is $2,259 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee St. George VA lenders (with over 10 loans originated) are USAA Federal Savings Bank ($1,568), LAKEVIEW LOAN SERVICING, LLC ($2,281), FREEDOM MORTGAGE CORPORATION ($2,972), CALIBER HOME LOANS, INC. ($3,338) and CHERRY CREEK MORTGAGE, LLC ($3,655).

The lowest rate St. George VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.10%), PENNYMAC LOAN SERVICES, LLC (2.36%), LAKEVIEW LOAN SERVICING, LLC (2.39%), FREEDOM MORTGAGE CORPORATION (2.39%) and LOANDEPOT.COM, LLC (2.40%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - St. George (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 $367,400 (5.9%) $479,578 (0.0%) 0.00 1,253
2018-02-01 $379,450 (8.5%) $502,811 (3.9%) 0.00 1,370
2018-03-01 $379,900 (8.6%) $500,815 (4.0%) 0.00 1,373
2018-04-01 $392,450 (9.0%) $523,428 (9.1%) 0.00 1,293
2018-05-01 $399,450 (5.6%) $521,663 (6.7%) 0.00 1,242
2018-06-01 $395,000 (4.7%) $506,474 (5.3%) 0.00 1,277
2018-07-01 $389,900 (5.4%) $507,437 (6.7%) 0.00 1,287
2018-08-01 $394,384 (6.6%) $493,235 (3.4%) 0.00 1,333
2018-09-01 $384,900 (4.1%) $488,426 (2.9%) 0.00 1,450
2018-10-01 $379,900 (5.7%) $471,673 (0.6%) 0.00 1,573
2018-11-01 $377,000 (5.6%) $461,558 (-1.8%) 0.00 1,641
2018-12-01 $379,900 (4.1%) $458,946 (-4.2%) 0.00 1,548
2019-01-01 $381,234 (3.8%) $465,630 (-2.9%) 0.00 1,520
2019-02-01 $394,450 (4.0%) $478,165 (-4.9%) 0.00 1,721
2019-03-01 $399,628 (5.2%) $484,992 (-3.2%) 0.00 1,779
2019-04-01 $399,628 (1.8%) $481,137 (-8.1%) 0.00 1,745
2019-05-01 $400,173 (0.2%) $488,267 (-6.4%) 0.00 1,596
2019-06-01 $409,777 (3.7%) $490,458 (-3.2%) 0.00 1,566
2019-07-01 $415,500 (6.6%) $490,250 (-3.4%) 0.00 1,489
2019-08-01 $411,329 (4.3%) $488,419 (-1.0%) 0.00 1,516
2019-09-01 $401,329 (4.3%) $488,337 (0.0%) 0.00 1,569
2019-10-01 $412,250 (8.5%) $498,725 (5.7%) 0.00 1,672
2019-11-01 $420,900 (11.6%) $515,743 (11.7%) 0.00 1,539
2019-12-01 $437,400 (15.1%) $524,180 (14.2%) 0.00 1,450
2020-01-01 $434,900 (14.1%) $526,741 (13.1%) 0.00 1,440
2020-02-01 $439,000 (11.3%) $539,606 (12.9%) 0.00 1,511
2020-03-01 $445,450 (11.5%) $550,220 (13.5%) 0.00 1,528
2020-04-01 $449,900 (12.6%) $543,839 (13.0%) 0.00 1,670
2020-05-01 $449,900 (12.4%) $551,272 (12.9%) 0.00 1,499
2020-06-01 $452,400 (10.4%) $559,123 (14.0%) 0.00 1,200
2020-07-01 $460,445 (10.8%) $580,217 (18.4%) 0.00 967
2020-08-01 $462,000 (12.3%) $598,971 (22.6%) 0.00 777
2020-09-01 $479,900 (19.6%) $630,849 (29.2%) 0.00 735
2020-10-01 $511,900 (24.2%) $683,444 (37.0%) 0.00 612
2020-11-01 $536,950 (27.6%) $725,801 (40.7%) 0.00 535
2020-12-01 $539,900 (23.4%) $741,284 (41.4%) 0.00 479
2021-01-01 $550,000 (26.5%) $810,140 (53.8%) 0.00 362
2021-02-01 $602,000 (37.1%) $857,710 (59.0%) 0.00 326
2021-03-01 $607,450 (36.4%) $856,243 (55.6%) 0.00 296
2021-04-01 $649,950 (44.5%) $883,576 (62.5%) 0.00 302
2021-05-01 $650,000 (44.5%) $868,897 (57.6%) 0.00 373
2021-06-01 $649,450 (43.6%) $1,157,097 (107.0%) 0.00 497
2021-07-01 $649,950 (41.2%) $1,119,033 (92.9%) 0.00 608
2021-08-01 $635,750 (37.6%) $1,050,020 (75.3%) 0.00 698
2021-09-01 $637,950 (32.9%) $1,034,563 (64.0%) 0.00 832
2021-10-01 $636,900 (24.4%) $1,022,692 (49.6%) 0.00 877
2021-11-01 $644,389 (20.0%) $1,064,661 (46.7%) 0.00 753
2021-12-01 $668,500 (23.8%) $1,153,546 (55.6%) 0.00 626
2022-01-01 $725,000 (31.8%) $1,285,092 (58.6%) 0.00 491
2022-02-01 $765,250 (27.1%) $1,338,360 (56.0%) 0.00 444
2022-03-01 $800,000 (31.7%) $1,309,624 (53.0%) 0.00 527
2022-04-01 $770,000 (18.5%) $962,776 (9.0%) 0.00 565
St. George's median listing price for 2022-04-01 was $770,000, a difference of $120,050 (18.5%) versus the prior year and $-30,000 versus the prior month.

St. George's median listing price comes in at 0% of the national average.

St. George's average listing price for 2022-04-01 was $962,776, a difference of $79,200 (9.0%) versus the prior year and $-346,848 versus the prior month.

For the 2022-04-01 period, St. George had 565 MLS listings, a difference of 38 listings (7%) versus the prior month and 263 listings (87%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - St. George (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,276 sqft
2018-02-01 0 days 2,313 sqft
2018-03-01 0 days 2,297 sqft
2018-04-01 0 days 2,336 sqft
2018-05-01 0 days 2,338 sqft
2018-06-01 0 days 2,293 sqft
2018-07-01 0 days 2,275 sqft
2018-08-01 0 days 2,274 sqft
2018-09-01 0 days 2,268 sqft
2018-10-01 0 days 2,234 sqft
2018-11-01 0 days 2,177 sqft
2018-12-01 0 days 2,174 sqft
2019-01-01 0 days 2,168 sqft
2019-02-01 0 days 2,191 sqft
2019-03-01 0 days 2,249 sqft
2019-04-01 0 days 2,250 sqft
2019-05-01 0 days 2,261 sqft
2019-06-01 0 days 2,220 sqft
2019-07-01 0 days 2,219 sqft
2019-08-01 0 days 2,228 sqft
2019-09-01 0 days 2,210 sqft
2019-10-01 0 days 2,235 sqft
2019-11-01 0 days 2,306 sqft
2019-12-01 0 days 2,343 sqft
2020-01-01 0 days 2,306 sqft
2020-02-01 0 days 2,302 sqft
2020-03-01 0 days 2,311 sqft
2020-04-01 0 days 2,311 sqft
2020-05-01 0 days 2,337 sqft
2020-06-01 0 days 2,348 sqft
2020-07-01 0 days 2,349 sqft
2020-08-01 0 days 2,358 sqft
2020-09-01 0 days 2,415 sqft
2020-10-01 0 days 2,518 sqft
2020-11-01 0 days 2,542 sqft
2020-12-01 0 days 2,511 sqft
2021-01-01 0 days 2,574 sqft
2021-02-01 0 days 2,560 sqft
2021-03-01 0 days 2,524 sqft
2021-04-01 0 days 2,595 sqft
2021-05-01 0 days 2,569 sqft
2021-06-01 0 days 2,538 sqft
2021-07-01 0 days 2,474 sqft
2021-08-01 0 days 2,305 sqft
2021-09-01 0 days 2,333 sqft
2021-10-01 0 days 2,348 sqft
2021-11-01 0 days 2,422 sqft
2021-12-01 0 days 2,513 sqft
2022-01-01 0 days 2,601 sqft
2022-02-01 0 days 2,584 sqft
2022-03-01 0 days 2,581 sqft
2022-04-01 0 days 2,488 sqft
St. George's median listing age (time on market) for 2022-04-01 was 0 days.

St. George's median square footage for active listings during the 2022-04-01 period was 2,488 sqft. One year prior, the average listing was 2,595 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.