Tucson VA Loan Rates, Closing Costs & Stats

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 157 lenders originated 3,723 VA loans during 2022. The total origination value was $1,226,025,000, with an average VA loan value of $329,311.

Tucson VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Tucson averaged 6.03% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

Tucson's average VA mortgage closing costs are $6,063.

The average rate for the prior week (2023-05-19) was 5.96% and one month ago for the week of 2023-04-21, the average rate was 6.08%.

The average rate one year ago was 4.95%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.12%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tucson level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
NOVA FINANCIAL & INVESTMENT CORPORATION 300 4.66% $5,531
Mortgage Research Center, LLC 274 4.82% $9,060
LOANDEPOT.COM, LLC 204 4.25% $11,255
QUICKEN LOANS, LLC 199 3.88% $10,699
FREEDOM MORTGAGE CORPORATION 172 3.94% $10,574
UNITED WHOLESALE MORTGAGE, LLC 172 4.15% $10,391
GUILD MORTGAGE COMPANY 155 4.53% $12,171
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 154 4.75% $10,096
CROSSCOUNTRY MORTGAGE, LLC 115 4.88% $11,555
PENNYMAC LOAN SERVICES, LLC 109 3.38% $10,206
V.I.P. MORTGAGE, INC. 94 4.84% $8,832
ALTITUDE FINANCIAL CORPORATION 94 4.39% $9,054
DHI MORTGAGE COMPANY, LTD. 92 4.05% $9,656
Prosperity Home Mortgage, LLC 87 4.55% $11,305
NAVY FEDERAL CREDIT UNION 81 3.77% $6,627
NEW DAY FINANCIAL, LLC 76 4.95% $11,854
USAA Federal Savings Bank 68 4.11% $9,922
HOMEAMERICAN MORTGAGE CORPORATION 63 4.03% $8,923
MOVEMENT MORTGAGE, LLC 56 4.72% $11,486
EAGLE HOME MORTGAGE, LLC 50 4.48% $7,337
KBHS HOME LOANS, LLC 49 4.34% $11,440
The Federal Savings Bank 41 4.52% $15,281
PULTE MORTGAGE LLC 39 3.98% $7,475
GUARANTEED RATE AFFINITY, LLC 38 4.97% $7,714
Mr. Cooper ( Nationstar Mortgage ) 37 4.19% $10,022
SUNSTREET MORTGAGE, LLC 36 4.19% $8,996
LOANPAL, LLC 32 3.46% $13,541
AMERICAN PACIFIC MORTGAGE CORPORATION 29 5.41% $12,783
LAKEVIEW LOAN SERVICING, LLC 27 3.36% $4,718
Wells Fargo Bank 26 4.21% $6,112
MORIA DEVELOPMENT, INC. 25 4.57% $12,470
CLEARPATH LENDING 24 3.59% $11,982
AMERISAVE MORTGAGE CORPORATION 22 4.04% $11,514
BROKER SOLUTIONS, INC. 21 4.13% $10,904
MATTAMY HOME FUNDING, LLC 20 4.13% $13,190
NEWREZ LLC 20 4.54% $10,398
HOME POINT FINANCIAL CORPORATION 19 3.50% $9,447
VILLAGE CAPITAL MORTGAGE 18 3.23% $9,188
GUARANTEED RATE, INC. 18 4.79% $7,901
Flagstar Bank, FSB 16 4.50% $10,049
PENTAGON FEDERAL CREDIT UNION 15 3.29% $5,298
Barrington Bank & Trust Company, N.A. 15 4.36% $10,642
Carrington Mortgage Services, LLC 13 4.56% $11,605
GENEVA FINANCIAL, LLC 13 4.94% $7,175
CARDINAL FINANCIAL 13 4.02% $11,290
CALIBER HOME LOANS, INC. 12 4.33% $11,575
Paramount Residential Mortgage Group, Inc. 11 4.23% $12,048
Magnolia Bank 10 3.86% $13,551
Lakeview Community Capital, LLC 9 3.53% $6,881
NBKC BANK 9 4.22% $6,716
VERITAS FUNDING, LLC 8 5.02% $17,679
JPMorgan Chase Bank 8 4.03% $10,136
Nations Lending Corporation 7 4.52% $9,135
BAY EQUITY LLC 7 5.14% $12,825
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 5.04% $8,974
CMG MORTGAGE, INC. 7 4.50% $9,241
MUTUAL OF OMAHA MORTGAGE, INC. 7 4.11% $11,182
AMCAP MORTGAGE, LTD. 7 5.46% $10,668
Equity Prime Mortgage LLC 6 5.88% $13,929
TruHome Solutions, LLC 6 4.75% $12,707
SUN WEST MORTGAGE COMPANY, INC. 6 4.81% $8,677
NFM, INC. 6 4.13% $7,464
Mid-Continent Funding, Inc. 5 5.13% $8,662
PLAZA HOME MORTGAGE, INC. 5 4.07% $7,358
FINANCE OF AMERICA MORTGAGE LLC 5 4.02% $15,159
SUMMIT FUNDING, INC. 5 5.10% $9,180
UNION HOME MORTGAGE CORP. 5 3.68% $8,369
North American Savings Bank, F.S.B. 5 3.80% $9,564
Amerifirst Financial, Inc. 5 4.88% $11,359
NATIONS DIRECT MORTGAGE, LLC 5 4.20% $6,366
PREMIA MORTGAGE, LLC 5 2.88% $7,014
First Federal Bank 4 5.25% $9,363
ACADEMY MORTGAGE CORPORATION 4 5.16% $15,351
Plains Commerce Bank 4 4.00% $6,425
PLANET HOME LENDING, LLC 4 3.88% $5,313
Armed Forces Bank 4 4.16% $10,559
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 4.16% $34,226
The Home Loan Expert LLC 3 4.33% $9,322
AMERICAN FINANCING CORPORATION 3 3.67% $14,386
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 4.04% $7,312
BECKAM FUNDING CORP. 3 4.83% $8,165
BNC National Bank 3 2.79% $11,061
CHERRY CREEK MORTGAGE, LLC 3 3.38% $4,340
CHURCHILL MORTGAGE CORPORATION 3 3.29% $8,266
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 4.37% $13,140
Franklin Loan Corporation 3 5.50% $17,400
LADERA LENDING, INC. 3 3.75% $11,438
LEADERONE FINANCIAL CORPORATION 3 4.33% $14,100
Prime Choice Funding Inc. 3 3.16% $3,981
SOUTHWEST STAGE FUNDING, LLC 3 4.38% $11,051
Strong Home Mortgage, LLC 3 4.50% $13,318
Texana Bank 3 3.50% $15,148
U.S. Bank 3 3.92% $11,887
Wyndham Capital Mortgage, Inc. 3 3.13% $6,835
Capital Bank 2 5.19% $2,406
INTERCAP LENDING INC. 2 3.56% $10,948
OAKTREE FUNDING CORP. 2 5.75% $17,499
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 3.38% $12,984
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 4.44% $16,155
Gateway First Bank 2 4.44% $8,116
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.00% $10,147
Wallick & Volk, Inc. 2 4.81% $2,261
First Guaranty Mortgage Corporation 2 3.69% $11,223
EVERETT FINANCIAL, INC. 2 5.19% $1,821
RELIANCE FIRST CAPITAL, LLC 2 4.94% $7,538
Sierra Pacific Mortgage Company, Inc. 2 4.50% $11,699
SIRVA MORTGAGE, INC. 2 5.25% $10,230
Watermark Capital, Inc. 2 3.50% $9,964
Community First National Bank 2 2.88% $8,799
TJC Mortgage, Inc. 2 3.50% $7,525
Zions Bancorporation, N.A. 2 3.56% $7,782
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 2.75% $6,897
MORTGAGEONE, INC. 2 2.25% $11,219
Low VA Rates, LLC 2 3.75% $10,512
NETWORK CAPITAL FUNDING CORPORATION 2 4.88% $4,609
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.75% $19,684
UNITED SECURITY FINANCIAL CORP 1 2.88% $19,231
First Credit Union 1 4.75% $5,108
BELEM SERVICING LLC 1 1.75% $5,967
Bank of Colorado 1 3.75% $3,016
RESIDENTIAL BANCORP. 1 5.75% $3,393
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 3.63% $16,340
S1L, Inc. 1 3.38% $4,242
NATIONWIDE MORTGAGE BANKERS, INC. 1 5.25% $10,472
NBH Bank 1 4.88% $9,354
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 2.88% $5,155
SOVEREIGN LENDING GROUP INCORPORATED 1 3.50% $7,501
STARBOARD FINANCIAL MANAGEMENT, LLC 1 4.13% $4,643
Waterstone Mortgage Corporation 1 6.13% $17,079
SUCCESS MORTGAGE PARTNERS, INC. 1 5.63% $14,019
ENVOY MORTGAGE, LTD 1 4.88% $9,735
SUN AMERICAN MORTGAGE COMPANY 1 4.75% $11,018
Sunflower Bank 1 3.99% $21,572
CORNERSTONE HOME LENDING, INC. 1 5.25% $10,538
AMERICAN FINANCIAL RESOURCES, INC. 1 3.25% $15,375
Alaska USA Federal Credit Union 1 3.00% $1,889
Colonial Savings, F.A. 1 4.50% $12,093
Lend Smart Mortgage, LLC 1 5.38% $9,867
KELLER MORTGAGE, LLC 1 3.25% $12,024
CITYWIDE HOME LOANS, LLC 1 5.88% $9,951
HOMESIDE FINANCIAL, LLC 1 2.88% $13,252
NP, Inc. 1 2.75% $3,974
The Loan Store, Inc. 1 6.50% $17,920
ONE NEVADA CREDIT UNION 1 3.88% $2,953
ON Q FINANCIAL, INC. 1 4.50% $4,326
Opportunity Bank of Montana 1 6.38% $4,046
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 5.13% $14,748
THRIVE MORTGAGE, LLC 1 5.63% $7,387
M&T Bank 1 2.63% $3,418
GUARANTY HOME MORTGAGE CORPORATION 1 5.63% $16,289
Goldwater Bank, N.A. 1 4.25% $7,388
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 4.25% $5,662
TOWNE MORTGAGE COMPANY 1 3.25% $2,439
First Home Bank 1 4.00% $10,105
PREMIER LENDING, INC. 1 3.25% $3,854
LHM FINANCIAL CORPORATION 1 3.25% $20,070
BEST CAPITAL FUNDING 1 3.75% $12,770

The top Tucson VA lender as defined by loan originations is NOVA FINANCIAL & INVESTMENT CORPORATION, with 300 VA loans originated. Their average total fees are $5,531, which is $3,529 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Tucson VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($4,718), PENTAGON FEDERAL CREDIT UNION ($5,298), NOVA FINANCIAL & INVESTMENT CORPORATION ($5,531), Wells Fargo Bank ($6,112) and NAVY FEDERAL CREDIT UNION ($6,627).

The lowest rate Tucson VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.23%), PENTAGON FEDERAL CREDIT UNION (3.29%), LAKEVIEW LOAN SERVICING, LLC (3.36%), PENNYMAC LOAN SERVICES, LLC (3.38%) and LOANPAL, LLC (3.46%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Tucson (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 $266,975 (7.0%) $381,569 (5.7%) 0.99 3,611
2018-02-01 $274,250 (6.7%) $388,308 (4.1%) 1.00 3,500
2018-03-01 $274,900 (4.0%) $388,186 (2.8%) 0.96 3,450
2018-04-01 $279,913 (5.9%) $394,170 (4.8%) 0.95 3,277
2018-05-01 $282,400 (8.6%) $397,676 (5.9%) 0.94 3,220
2018-06-01 $278,000 (5.4%) $391,960 (4.3%) 0.93 3,121
2018-07-01 $279,715 (8.2%) $385,827 (5.1%) 0.93 3,090
2018-08-01 $279,948 (9.8%) $384,650 (6.1%) 0.94 3,045
2018-09-01 $279,900 (9.2%) $384,625 (5.9%) 0.94 3,102
2018-10-01 $277,450 (6.9%) $383,547 (4.2%) 0.94 3,359
2018-11-01 $279,250 (6.6%) $382,526 (1.7%) 0.95 3,481
2018-12-01 $278,000 (6.9%) $388,378 (2.8%) 0.96 3,441
2019-01-01 $279,500 (4.7%) $394,249 (3.3%) 0.97 3,368
2019-02-01 $285,325 (4.0%) $403,646 (4.0%) 0.96 3,418
2019-03-01 $295,160 (7.4%) $418,630 (7.8%) 0.98 3,218
2019-04-01 $299,325 (6.9%) $423,162 (7.4%) 0.95 3,187
2019-05-01 $298,641 (5.8%) $422,167 (6.2%) 0.93 3,040
2019-06-01 $294,500 (5.9%) $413,490 (5.5%) 0.92 2,886
2019-07-01 $287,972 (3.0%) $406,323 (5.3%) 0.90 2,794
2019-08-01 $297,808 (6.4%) $426,223 (10.8%) 0.93 2,648
2019-09-01 $300,000 (7.2%) $441,757 (14.9%) 0.95 2,307
2019-10-01 $289,950 (4.5%) $417,674 (8.9%) 0.94 2,783
2019-11-01 $286,195 (2.5%) $415,568 (8.6%) 0.94 2,812
2019-12-01 $285,495 (2.7%) $413,656 (6.5%) 0.95 2,671
2020-01-01 $287,500 (2.9%) $414,851 (5.2%) 0.96 2,501
2020-02-01 $297,830 (4.4%) $429,226 (6.3%) 0.98 2,448
2020-03-01 $299,675 (1.5%) $431,529 (3.1%) 0.94 2,404
2020-04-01 $296,950 (-0.8%) $413,270 (-2.3%) 0.93 2,642
2020-05-01 $300,000 (0.5%) $425,471 (0.8%) 0.91 2,336
2020-06-01 $321,950 (9.3%) $456,526 (10.4%) 0.95 1,772
2020-07-01 $325,000 (12.9%) $453,254 (11.6%) 0.94 1,549
2020-08-01 $323,270 (8.6%) $459,442 (7.8%) 0.93 1,521
2020-09-01 $316,289 (5.4%) $465,485 (5.4%) 0.91 1,532
2020-10-01 $310,000 (6.9%) $459,550 (10.0%) 0.89 1,641
2020-11-01 $313,439 (9.5%) $470,630 (13.3%) 0.92 1,553
2020-12-01 $315,000 (10.3%) $472,523 (14.2%) 0.94 1,367
2021-01-01 $319,900 (11.3%) $494,616 (19.2%) 0.95 1,169
2021-02-01 $325,000 (9.1%) $514,418 (19.9%) 0.94 940
2021-03-01 $335,000 (11.8%) $527,242 (22.2%) 0.95 878
2021-04-01 $342,000 (15.2%) $528,417 (27.9%) 0.93 893
2021-05-01 $344,000 (14.7%) $520,864 (22.4%) 0.91 933
2021-06-01 $350,000 (8.7%) $521,078 (14.1%) 0.92 992
2021-07-01 $350,000 (7.7%) $489,729 (8.1%) 0.92 1,181
2021-08-01 $359,950 (11.4%) $483,447 (5.2%) 0.96 1,328
2021-09-01 $359,950 (13.8%) $484,274 (4.0%) 0.96 1,497
2021-10-01 $359,250 (15.9%) $479,412 (4.3%) 0.96 1,697
2021-11-01 $359,975 (14.9%) $483,352 (2.7%) 0.96 1,674
2021-12-01 $361,950 (14.9%) $480,605 (1.7%) 0.98 1,521
2022-01-01 $365,000 (14.1%) $501,017 (1.3%) 0.99 1,362
2022-02-01 $375,000 (15.4%) $538,319 (4.7%) 0.98 1,083
2022-03-01 $388,000 (15.8%) $561,418 (6.5%) 0.97 997
2022-04-01 $399,500 (16.8%) $565,741 (7.1%) 0.95 1,029
2022-05-01 $407,000 (18.3%) $581,067 (11.6%) 0.93 1,204
2022-06-01 $410,450 (17.3%) $569,044 (9.2%) 0.91 1,513
2022-07-01 $399,900 (14.3%) $542,000 (10.7%) 0.90 1,946
2022-08-01 $390,000 (8.4%) $518,981 (7.4%) 0.90 2,163
2022-09-01 $384,123 (6.7%) $507,598 (4.8%) 0.90 2,362
2022-10-01 $379,000 (5.5%) $504,716 (5.3%) 0.89 2,637
2022-11-01 $375,000 (4.2%) $510,229 (5.6%) 0.90 2,782
2022-12-01 $375,000 (3.6%) $508,108 (5.7%) 0.93 2,596
2023-01-01 $377,000 (3.3%) $524,782 (4.7%) 0.93 2,370
2023-02-01 $387,000 (3.2%) $547,828 (1.8%) 0.93 2,121
2023-03-01 $399,950 (3.1%) $565,222 (0.7%) 0.94 1,953
2023-04-01 $400,000 (0.1%) $583,157 (3.1%) 0.93 1,692
Tucson's median listing price for 2023-04-01 was $400,000, a difference of $500 (0.1%) versus the prior year and $50 versus the prior month.

Tucson's median listing price comes in at 93% of the national average.

Tucson's average listing price for 2023-04-01 was $583,157, a difference of $17,416 (3.1%) versus the prior year and $17,935 versus the prior month.

For the 2023-04-01 period, Tucson had 1,692 MLS listings, a difference of -261 listings (-13%) versus the prior month and 663 listings (64%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Tucson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 65 days 2,004 sqft
2018-02-01 54 days 2,030 sqft
2018-03-01 51 days 2,036 sqft
2018-04-01 52 days 2,051 sqft
2018-05-01 50 days 2,058 sqft
2018-06-01 51 days 2,013 sqft
2018-07-01 54 days 2,026 sqft
2018-08-01 56 days 2,019 sqft
2018-09-01 54 days 2,020 sqft
2018-10-01 51 days 1,987 sqft
2018-11-01 52 days 1,986 sqft
2018-12-01 59 days 1,960 sqft
2019-01-01 64 days 1,993 sqft
2019-02-01 50 days 2,029 sqft
2019-03-01 52 days 2,055 sqft
2019-04-01 53 days 2,063 sqft
2019-05-01 52 days 2,047 sqft
2019-06-01 53 days 2,049 sqft
2019-07-01 51 days 2,020 sqft
2019-08-01 59 days 2,070 sqft
2019-09-01 62 days 2,080 sqft
2019-10-01 51 days 2,023 sqft
2019-11-01 54 days 1,976 sqft
2019-12-01 62 days 1,960 sqft
2020-01-01 61 days 1,981 sqft
2020-02-01 45 days 1,996 sqft
2020-03-01 44 days 1,997 sqft
2020-04-01 45 days 1,958 sqft
2020-05-01 57 days 1,979 sqft
2020-06-01 60 days 2,010 sqft
2020-07-01 55 days 2,008 sqft
2020-08-01 53 days 1,986 sqft
2020-09-01 51 days 1,937 sqft
2020-10-01 50 days 1,905 sqft
2020-11-01 51 days 1,911 sqft
2020-12-01 56 days 1,905 sqft
2021-01-01 53 days 1,912 sqft
2021-02-01 43 days 1,903 sqft
2021-03-01 39 days 1,921 sqft
2021-04-01 36 days 1,873 sqft
2021-05-01 33 days 1,870 sqft
2021-06-01 33 days 1,880 sqft
2021-07-01 31 days 1,844 sqft
2021-08-01 31 days 1,854 sqft
2021-09-01 33 days 1,851 sqft
2021-10-01 33 days 1,843 sqft
2021-11-01 37 days 1,868 sqft
2021-12-01 44 days 1,862 sqft
2022-01-01 45 days 1,861 sqft
2022-02-01 38 days 1,866 sqft
2022-03-01 36 days 1,878 sqft
2022-04-01 32 days 1,881 sqft
2022-05-01 30 days 1,913 sqft
2022-06-01 30 days 1,910 sqft
2022-07-01 32 days 1,873 sqft
2022-08-01 37 days 1,834 sqft
2022-09-01 42 days 1,816 sqft
2022-10-01 45 days 1,812 sqft
2022-11-01 50 days 1,812 sqft
2022-12-01 60 days 1,810 sqft
2023-01-01 62 days 1,814 sqft
2023-02-01 54 days 1,834 sqft
2023-03-01 48 days 1,859 sqft
2023-04-01 48 days 1,901 sqft
Tucson's median listing age (time on market) for 2023-04-01 was 48 days. This is 50% longer than the same period one year ago.

Tucson's median square footage for active listings during the 2023-04-01 period was 1,901 sqft. One year prior, the average listing was 1,881 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.