St. George VA Loans

ST. GEORGE, UT

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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 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.