Tucson VA Loans

TUCSON, 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.

Tucson's 204 lenders originated 8,554 VA loans during 2021. The total origination value was $2,352,850,000, with an average VA loan value of $275,058.

Tucson VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Tucson averaged 6.53% for the week of 2022-09-30, compared to the national average (all VA variants) of 6.363% for the same period.

The average rate for the prior week (2022-09-23) was 6.59% and one month ago for the week of 2022-08-26, the average rate was 5.76%.

The average rate one year ago was 3.23%.

For refis of the same type during the week of 2022-09-30, the average rate was 6.44%.

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

Tucson 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 Tucson level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
NOVA FINANCIAL & INVESTMENT CORPORATION 627 2.73% $5,637
FREEDOM MORTGAGE CORPORATION 608 2.42% $3,223
QUICKEN LOANS, LLC 584 2.44% $5,409
GUILD MORTGAGE COMPANY 401 2.67% $7,450
LOANDEPOT.COM, LLC 383 2.66% $7,386
Mortgage Research Center, LLC 383 2.81% $7,335
PENNYMAC LOAN SERVICES, LLC 348 2.41% $5,515
V.I.P. MORTGAGE, INC. 237 2.70% $6,213
UNITED WHOLESALE MORTGAGE, LLC 199 2.46% $5,934
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 195 2.91% $7,418
ALTITUDE FINANCIAL CORPORATION 189 2.65% $6,322
NEW DAY FINANCIAL, LLC 187 2.83% $7,623
USAA Federal Savings Bank 167 2.83% $5,187
LAKEVIEW LOAN SERVICING, LLC 152 2.51% $2,538
CLEARPATH LENDING 140 2.38% $3,999
Prosperity Home Mortgage, LLC 137 2.71% $8,286
SUNSTREET MORTGAGE, LLC 132 2.84% $7,813
NAVY FEDERAL CREDIT UNION 132 2.48% $5,851
VILLAGE CAPITAL MORTGAGE 117 2.28% $3,215
DHI MORTGAGE COMPANY, LTD. 112 2.63% $7,825
Wells Fargo Bank 95 2.48% $4,104
CALIBER HOME LOANS, INC. 89 2.49% $4,569
Mr. Cooper ( Nationstar Mortgage ) 84 2.74% $4,353
GUARANTEED RATE, INC. 79 2.64% $5,668
SUMMIT FUNDING, INC. 77 2.75% $8,175
HOMEAMERICAN MORTGAGE CORPORATION 72 2.90% $6,458
The Federal Savings Bank 70 2.58% $9,375
CROSSCOUNTRY MORTGAGE, LLC 63 2.88% $8,317
EAGLE HOME MORTGAGE, LLC 63 2.96% $6,668
HOME POINT FINANCIAL CORPORATION 62 2.42% $5,678
MOVEMENT MORTGAGE, LLC 61 2.82% $7,115
GUARANTEED RATE AFFINITY, LLC 59 2.51% $6,141
MORIA DEVELOPMENT, INC. 59 2.71% $8,001
NEWREZ LLC 45 2.63% $4,683
InterContinental Capital Group, Inc 43 2.39% $3,854
LOANPAL, LLC 41 2.49% $6,672
KBHS HOME LOANS, LLC 39 2.78% $9,652
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 38 2.72% $6,321
PENTAGON FEDERAL CREDIT UNION 38 2.38% $4,051
PULTE MORTGAGE LLC 37 2.72% $7,155
AMERISAVE MORTGAGE CORPORATION 36 2.56% $7,258
Lakeview Community Capital, LLC 33 2.51% $2,445
Barrington Bank & Trust Company, N.A. 32 2.58% $6,019
MATTAMY HOME FUNDING, LLC 31 2.53% $14,568
NBKC BANK 31 2.55% $5,450
SUN WEST MORTGAGE COMPANY, INC. 29 2.41% $5,423
Low VA Rates, LLC 28 2.33% $4,143
Flagstar Bank, FSB 25 2.94% $9,608
Carrington Mortgage Services, LLC 25 3.03% $4,402
HOMEBRIDGE FINANCIAL SERVICES, INC. 22 2.57% $4,283
BROKER SOLUTIONS, INC. 22 2.64% $6,842
NP, Inc. 22 2.30% $4,193
GENEVA FINANCIAL, LLC 21 2.88% $11,071
AMERICAN FINANCIAL NETWORK, INC. 21 2.60% $9,763
MUTUAL OF OMAHA MORTGAGE, INC. 21 2.49% $7,685
First Guaranty Mortgage Corporation 20 2.38% $3,317
PLANET HOME LENDING, LLC 19 2.42% $2,550
SOVEREIGN LENDING GROUP INCORPORATED 19 2.51% $6,268
Paramount Residential Mortgage Group, Inc. 17 2.81% $8,687
AMCAP MORTGAGE, LTD. 16 3.08% $7,390
UNION HOME MORTGAGE CORP. 16 2.31% $6,804
ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 2.63% $3,994
North American Savings Bank, F.S.B. 12 2.43% $8,951
AMERICAN PACIFIC MORTGAGE CORPORATION 11 2.69% $8,609
ACCELERATE MORTGAGE, LLC 11 2.11% $4,862
BNC National Bank 11 2.41% $3,459
Mid-Continent Funding, Inc. 11 2.59% $6,378
Magnolia Bank 11 2.62% $10,556
FINANCE OF AMERICA MORTGAGE LLC 10 2.76% $9,805
ACADEMY MORTGAGE CORPORATION 10 2.86% $8,594
CMG MORTGAGE, INC. 10 2.56% $7,747
CHURCHILL MORTGAGE CORPORATION 10 2.65% $8,078
Lend Smart Mortgage, LLC 9 2.90% $6,369
Strong Home Mortgage, LLC 9 2.49% $1,947
NETWORK CAPITAL FUNDING CORPORATION 8 2.53% $7,115
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 3.00% $7,676
Commerce Home Mortgage, Inc. 8 2.39% $4,027
STEARNS LENDING, LLC 8 2.58% $4,547
AMERICAN FINANCING CORPORATION 8 2.38% $6,404
NFM, INC. 8 3.33% $5,366
First Federal Bank 8 3.00% $10,152
HOMEOWNERS FINANCIAL GROUP USA, LLC 7 2.88% $7,376
TJC Mortgage, Inc. 7 2.20% $3,844
Amerifirst Financial, Inc. 7 2.54% $7,202
LHM FINANCIAL CORPORATION 7 2.93% $4,656
Nations Lending Corporation 7 3.00% $8,508
PREMIER LENDING, INC. 7 3.02% $9,570
Prime Choice Funding Inc. 7 2.32% $4,712
Wyndham Capital Mortgage, Inc. 6 2.46% $3,440
CELEBRITY HOME LOANS, LLC 6 3.15% $14,518
Watermark Capital, Inc. 6 2.33% $4,513
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 3.27% $7,064
MID AMERICA MORTGAGE, INC. 6 2.42% $1,776
KS StateBank 6 2.40% $5,414
ZILLOW HOME LOANS, LLC 5 2.60% $4,777
LEADERONE FINANCIAL CORPORATION 5 2.65% $5,293
BAY EQUITY LLC 5 3.14% $6,556
SECURITYNATIONAL MORTGAGE COMPANY 5 2.80% $6,775
HOMESIDE FINANCIAL, LLC 5 2.68% $8,854
Zions Bancorporation, N.A. 4 2.44% $2,313
Manufacturers and Traders Trust Company 4 2.75% $6,115
Neighborhood Loans, Inc. 4 3.22% $9,601
PHH Mortgage Corporation 4 3.00% $2,038
PLAZA HOME MORTGAGE, INC. 4 2.22% $5,558
PREMIA MORTGAGE, LLC 4 2.38% $4,722
RESIDENTIAL BANCORP. 4 3.09% $9,917
The Home Loan Expert LLC 4 2.46% $7,128
U.S. Bank 4 2.78% $4,951
ARIZONA 3 2.29% $2,804
PANORAMA MORTGAGE GROUP, LLC 3 2.67% $7,330
Goldwater Bank, N.A. 3 2.92% $4,649
TOWNE MORTGAGE COMPANY 3 2.67% $7,052
BELEM SERVICING LLC 3 2.83% $10,163
RELIANCE FIRST CAPITAL, LLC 3 2.63% $3,668
SOUTHWEST STAGE FUNDING, LLC 3 3.00% $1,912
Northpointe Bank 3 3.29% $3,641
OCMBC, INC. 3 2.58% $6,582
GoPrime Mortgage, Inc. 2 2.81% $9,941
First Federal Bank of Kansas City 2 2.25% $2,694
VAN DYK MORTGAGE CORPORATION 2 2.88% $3,922
VANTAGE WEST 2 3.25% $8,260
AmeriHome Mortgage Company, LLC 2 2.93% $2,469
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 2.94% $3,693
LADERA LENDING, INC. 2 2.94% $3,236
EMBRACE HOME LOANS, INC. 2 2.50% $2,123
JPMorgan Chase Bank 2 2.87% $7,259
JAMES B. NUTTER & COMPANY 2 2.75% $1,267
Paramount Bank 2 2.25% $2,550
AMERICAN FINANCIAL RESOURCES, INC. 2 3.25% $5,651
DAS Acquisition Company, LLC 2 3.44% $13,006
FBC MORTGAGE, LLC 2 2.56% $4,725
Capital Bank 2 2.25% $2,214
GSF Mortgage Corporation 2 3.31% $16,198
BOKF 2 2.94% $3,917
MORTGAGEONE, INC. 2 2.56% $5,404
Equity Prime Mortgage LLC 2 3.00% $7,776
Armed Forces Bank 2 2.44% $12,882
UNITED SECURITY FINANCIAL CORP 2 2.00% $2,948
WRIGHT-PATT CREDIT UNION, INC. 1 2.75% $12,163
Presidential Bank, FSB 1 2.50% $13,163
DIRECTORS MORTGAGE, INC. 1 3.75% $23,333
CREDIT UNION WEST 1 2.25% $6,018
COMMUNITYAMERICA 1 2.50% $2,390
CANOPY MORTGAGE, LLC 1 2.75% $2,570
AMERICAN ADVISORS GROUP 1 2.50% $3,944
RESIDENTIAL MORTGAGE, LLC 1 2.75% $2,328
SFMC, LP 1 2.88% $21,632
Sierra Pacific Mortgage Company, Inc. 1 2.50% $21,769
Bell Bank 1 3.13% $2,940
STARBOARD FINANCIAL MANAGEMENT, LLC 1 2.63% $5,991
Stifel Bank and Trust 1 2.50% $1,019
BBVA USA 1 2.50% $2,354
SUBURBAN MORTGAGE, INC. 1 3.75% $4,613
BAYSHORE MORTGAGE FUNDING, LLC 1 3.75% $3,663
SUN AMERICAN MORTGAGE COMPANY 1 2.38% $7,899
Sunflower Bank 1 2.25% $3,560
Bank of America 1 2.50% $4,047
AXIA FINANCIAL, LLC 1 2.75% $1,243
SWBC MORTGAGE CORPORATION 1 3.50% $18,419
Texana Bank 1 2.50% $9,463
ASHLAND Credit Union 1 2.88% $11,719
The First National Bank of Middle Tennessee 1 3.25% $3,427
AMERICA FIRST 1 2.25% $5,372
Arvest Bank 1 2.75% $1,460
TOP FLITE FINANCIAL, INC. 1 3.00% $2,996
UNITED MORTGAGE CORP. 1 2.75% $3,457
UNIVERSAL LENDING CORPORATION 1 3.25% $6,024
ARC HOME LLC 1 2.75% $2,277
Academy Bank 1 2.25% $2,462
LEGACY MORTGAGE LLC 1 2.75% $11,284
KELLER MORTGAGE, LLC 1 3.00% $3,725
AMERICAN INTERNET MORTGAGE, INC. 1 2.25% $2,017
INTERLINC MORTGAGE SERVICES, LLC 1 3.13% $26,232
MICHIGAN MUTUAL, INC. 1 2.75% $5,449
MEGASTAR FINANCIAL CORP. 1 2.50% $4,106
IMPAC MORTGAGE CORP. 1 2.25% $125
IDAHO CENTRAL 1 2.75% $18,489
MidFirst Bank 1 2.25% $9,563
Hometown Lenders, Inc. 1 2.63% $16,097
HOMESTEAD FUNDING CORP. 1 2.25% $2,746
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.88% $10,658
Home Mortgage Alliance Corp 1 2.88% $3,210
MUFG Union Bank 1 2.50% $1,229
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.25% $12,224
NBH Bank 1 2.38% $844
Glacier Bank 1 2.63% $4,859
Gateway First Bank 1 2.50% $3,226
First Savings Bank 1 3.13% $11,438
First Midwest Bank 1 2.25% $3,497
First Home Bank 1 2.88% $2,521
FirstBank 1 2.75% $12,262
Financial Funding Solutions, Inc. 1 2.88% $3,125
ON Q FINANCIAL, INC. 1 2.25% $3,116
ONY GLO, INC. 1 2.00% $4,519
Opendoor Home Loans LLC 1 2.25% $10,758
OPEN MORTGAGE, LLC 1 2.25% $2,778
FCB Banks 1 2.25% $10,016
PARKSIDE LENDING, LLC 1 2.25% $4,996
EVERETT FINANCIAL, INC. 1 2.88% $1,679
Western State Bank 1 2.75% $9,426
PINNACLE LENDING GROUP, INC. 1 2.63% $4,631
Plains Commerce Bank 1 2.75% $2,058
West Gate Bank 1 2.25% $1,585
PNC Bank 1 2.63% $3,462

The top Tucson VA lender as defined by loan originations is NOVA FINANCIAL & INVESTMENT CORPORATION, with 627 VA loans originated. Their average total fees are $5,637, which is $2,415 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Tucson VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,445), LAKEVIEW LOAN SERVICING, LLC ($2,538), PLANET HOME LENDING, LLC ($2,550), VILLAGE CAPITAL MORTGAGE ($3,215) and FREEDOM MORTGAGE CORPORATION ($3,223).

The lowest rate Tucson VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.11%), VILLAGE CAPITAL MORTGAGE (2.28%), NP, Inc. (2.30%), UNION HOME MORTGAGE CORP. (2.31%) and Low VA Rates, LLC (2.33%).

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.