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 122 lenders originated 2,368 VA loans during 2023. The total origination value was $854,340,000, with an average VA loan value of $360,785.
Tucson VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Tucson
averaged
6%
for the week of 2024-12-06, compared to the national average (all VA variants) of
6.143% for the same period.
Tucson's average VA mortgage closing costs are $6,392.
The average rate for the prior week (2024-11-29) was
6% and
one month ago for the week of 2024-11-01, the
average rate was 6.46%.
The average rate one year ago was 6.9%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.31%.
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.
The top Tucson VA lender as defined by loan originations is Mortgage Research Center, LLC, with
210 VA loans originated. Their average total fees are
$7,681, which is $8,875
lower than the next largest lender,
LOANDEPOT.COM, LLC.
The lowest fee Tucson VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC ($7,441), PULTE MORTGAGE LLC ($7,628), TruHome Solutions, LLC ($7,653), Mortgage Research Center, LLC ($7,681) and NOVA FINANCIAL & INVESTMENT CORPORATION ($7,895).
The lowest rate Tucson VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (4.94%), MATTAMY HOME FUNDING, LLC (5.22%), PENTAGON FEDERAL CREDIT UNION (5.23%), HOMEAMERICAN MORTGAGE CORPORATION (5.23%) and PULTE MORTGAGE LLC (5.32%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Tucson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $266,950 (7.0%) | $381,596 (5.7%) | 0.99 | 3,610 |
2018-02-01 | $274,246 (7.0%) | $388,338 (4.1%) | 1.00 | 3,499 |
2018-03-01 | $274,900 (4.1%) | $388,216 (2.8%) | 0.96 | 3,449 |
2018-04-01 | $279,925 (5.9%) | $394,203 (4.8%) | 0.95 | 3,276 |
2018-05-01 | $282,400 (8.7%) | $397,709 (5.9%) | 0.94 | 3,219 |
2018-06-01 | $278,000 (5.5%) | $391,960 (4.2%) | 0.93 | 3,121 |
2018-07-01 | $279,808 (8.5%) | $385,922 (5.1%) | 0.93 | 3,089 |
2018-08-01 | $279,948 (9.8%) | $384,745 (6.1%) | 0.94 | 3,044 |
2018-09-01 | $279,900 (9.2%) | $384,625 (5.9%) | 0.94 | 3,102 |
2018-10-01 | $277,450 (7.0%) | $383,700 (4.3%) | 0.94 | 3,358 |
2018-11-01 | $279,313 (6.7%) | $382,574 (1.7%) | 0.95 | 3,480 |
2018-12-01 | $278,000 (6.9%) | $388,460 (2.8%) | 0.96 | 3,440 |
2019-01-01 | $279,500 (4.7%) | $394,391 (3.4%) | 0.97 | 3,367 |
2019-02-01 | $285,750 (4.2%) | $403,772 (4.0%) | 0.97 | 3,416 |
2019-03-01 | $293,857 (6.9%) | $416,220 (7.2%) | 0.96 | 3,288 |
2019-04-01 | $298,581 (6.7%) | $421,878 (7.0%) | 0.95 | 3,201 |
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 | $287,995 (2.9%) | $406,364 (5.3%) | 0.90 | 2,793 |
2019-08-01 | $289,273 (3.3%) | $412,402 (7.2%) | 0.92 | 2,717 |
2019-09-01 | $289,682 (3.5%) | $417,264 (8.5%) | 0.93 | 2,739 |
2019-10-01 | $289,955 (4.5%) | $419,182 (9.3%) | 0.94 | 2,783 |
2019-11-01 | $286,989 (2.8%) | $415,873 (8.7%) | 0.94 | 2,814 |
2019-12-01 | $285,500 (2.7%) | $413,647 (6.5%) | 0.95 | 2,672 |
2020-01-01 | $287,500 (2.9%) | $414,853 (5.2%) | 0.96 | 2,501 |
2020-02-01 | $297,830 (4.2%) | $429,226 (6.3%) | 0.97 | 2,448 |
2020-03-01 | $299,675 (2.0%) | $431,529 (3.7%) | 0.94 | 2,404 |
2020-04-01 | $296,963 (-0.5%) | $413,561 (-2.0%) | 0.93 | 2,642 |
2020-05-01 | $300,000 (0.5%) | $425,640 (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 (11.5%) | 0.94 | 1,549 |
2020-08-01 | $323,270 (11.8%) | $459,454 (11.4%) | 0.93 | 1,521 |
2020-09-01 | $316,332 (9.2%) | $465,601 (11.6%) | 0.91 | 1,532 |
2020-10-01 | $310,000 (6.9%) | $459,550 (9.6%) | 0.89 | 1,641 |
2020-11-01 | $313,439 (9.2%) | $470,630 (13.2%) | 0.92 | 1,553 |
2020-12-01 | $315,000 (10.3%) | $472,568 (14.2%) | 0.94 | 1,367 |
2021-01-01 | $320,000 (11.3%) | $494,616 (19.2%) | 0.96 | 1,169 |
2021-02-01 | $325,000 (9.1%) | $515,150 (20.0%) | 0.95 | 940 |
2021-03-01 | $335,035 (11.8%) | $527,183 (22.2%) | 0.95 | 879 |
2021-04-01 | $342,000 (15.2%) | $528,171 (27.7%) | 0.93 | 893 |
2021-05-01 | $344,000 (14.7%) | $520,700 (22.3%) | 0.91 | 934 |
2021-06-01 | $350,000 (8.7%) | $520,919 (14.1%) | 0.92 | 993 |
2021-07-01 | $350,000 (7.7%) | $489,786 (8.1%) | 0.92 | 1,180 |
2021-08-01 | $359,725 (11.3%) | $483,535 (5.2%) | 0.96 | 1,328 |
2021-09-01 | $359,950 (13.8%) | $484,218 (4.0%) | 0.96 | 1,497 |
2021-10-01 | $359,000 (15.8%) | $479,305 (4.3%) | 0.96 | 1,697 |
2021-11-01 | $359,950 (14.8%) | $483,323 (2.7%) | 0.96 | 1,674 |
2021-12-01 | $361,950 (14.9%) | $480,444 (1.7%) | 0.98 | 1,521 |
2022-01-01 | $364,990 (14.1%) | $500,987 (1.3%) | 0.99 | 1,362 |
2022-02-01 | $375,495 (15.5%) | $538,244 (4.5%) | 0.98 | 1,083 |
2022-03-01 | $388,247 (15.9%) | $562,017 (6.6%) | 0.97 | 999 |
2022-04-01 | $399,500 (16.8%) | $566,315 (7.2%) | 0.95 | 1,030 |
2022-05-01 | $407,008 (18.3%) | $580,535 (11.5%) | 0.93 | 1,205 |
2022-06-01 | $409,950 (17.1%) | $567,549 (9.0%) | 0.91 | 1,513 |
2022-07-01 | $399,990 (14.3%) | $540,818 (10.4%) | 0.90 | 1,946 |
2022-08-01 | $391,000 (8.7%) | $519,170 (7.4%) | 0.90 | 2,163 |
2022-09-01 | $383,356 (6.5%) | $507,188 (4.7%) | 0.90 | 2,363 |
2022-10-01 | $379,000 (5.6%) | $505,419 (5.5%) | 0.89 | 2,636 |
2022-11-01 | $375,000 (4.2%) | $510,223 (5.6%) | 0.90 | 2,782 |
2022-12-01 | $375,000 (3.6%) | $508,106 (5.8%) | 0.93 | 2,596 |
2023-01-01 | $377,000 (3.3%) | $524,574 (4.7%) | 0.93 | 2,370 |
2023-02-01 | $389,000 (3.6%) | $547,620 (1.7%) | 0.94 | 2,121 |
2023-03-01 | $399,950 (3.0%) | $565,451 (0.6%) | 0.94 | 1,953 |
2023-04-01 | $403,675 (1.1%) | $582,574 (2.9%) | 0.94 | 1,692 |
2023-05-01 | $414,350 (1.8%) | $595,129 (2.5%) | 0.94 | 1,608 |
2023-06-01 | $414,997 (1.2%) | $588,646 (3.7%) | 0.93 | 1,609 |
2023-07-01 | $410,000 (2.5%) | $583,215 (7.8%) | 0.93 | 1,622 |
2023-08-01 | $406,025 (3.8%) | $575,012 (10.8%) | 0.93 | 1,630 |
2023-09-01 | $399,900 (4.3%) | $570,632 (12.5%) | 0.93 | 1,757 |
2023-10-01 | $399,000 (5.3%) | $552,351 (9.3%) | 0.94 | 2,083 |
2023-11-01 | $399,900 (6.6%) | $555,334 (8.8%) | 0.95 | 2,309 |
2023-12-01 | $398,900 (6.4%) | $548,714 (8.0%) | 0.97 | 2,347 |
2024-01-01 | $399,000 (5.8%) | $556,034 (6.0%) | 0.97 | 2,375 |
2024-02-01 | $400,000 (2.8%) | $570,948 (4.3%) | 0.96 | 2,399 |
2024-03-01 | $402,700 (0.7%) | $568,129 (0.5%) | 0.95 | 2,420 |
2024-04-01 | $409,299 (1.4%) | $572,034 (-1.8%) | 0.95 | 2,491 |
2024-05-01 | $403,876 (-2.5%) | $577,147 (-3.0%) | 0.91 | 2,630 |
2024-06-01 | $399,900 (-3.6%) | $557,371 (-5.3%) | 0.90 | 2,665 |
2024-07-01 | $395,000 (-3.7%) | $534,184 (-8.4%) | 0.90 | 2,751 |
2024-08-01 | $390,000 (-4.0%) | $526,621 (-8.4%) | 0.91 | 2,776 |
2024-09-01 | $390,000 (-2.5%) | $533,285 (-6.5%) | 0.92 | 3,070 |
2024-10-01 | $395,000 (-1.0%) | $536,185 (-2.9%) | 0.93 | 3,274 |
2024-11-01 | $390,000 (-2.5%) | $538,364 (-3.1%) | 0.00 | 3,526 |
Tucson's median listing price comes in at 0% of the national average.
Tucson's average listing price for 2024-11-01 was $538,364, a difference of $-16,970 (-3.1%) versus the prior year and $2,179 versus the prior month.
For the 2024-11-01 period, Tucson had 3,526 MLS listings, a difference of 252 listings (8%) versus the prior month and 1,217 listings (53%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Tucson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 64 days | 2,004 sqft |
2018-02-01 | 51 days | 2,030 sqft |
2018-03-01 | 50 days | 2,036 sqft |
2018-04-01 | 50 days | 2,050 sqft |
2018-05-01 | 48 days | 2,058 sqft |
2018-06-01 | 50 days | 2,013 sqft |
2018-07-01 | 53 days | 2,026 sqft |
2018-08-01 | 54 days | 2,019 sqft |
2018-09-01 | 52 days | 2,020 sqft |
2018-10-01 | 50 days | 1,987 sqft |
2018-11-01 | 51 days | 1,987 sqft |
2018-12-01 | 58 days | 1,962 sqft |
2019-01-01 | 63 days | 1,993 sqft |
2019-02-01 | 48 days | 2,030 sqft |
2019-03-01 | 48 days | 2,058 sqft |
2019-04-01 | 51 days | 2,062 sqft |
2019-05-01 | 51 days | 2,047 sqft |
2019-06-01 | 51 days | 2,049 sqft |
2019-07-01 | 50 days | 2,020 sqft |
2019-08-01 | 50 days | 2,027 sqft |
2019-09-01 | 49 days | 2,026 sqft |
2019-10-01 | 49 days | 2,024 sqft |
2019-11-01 | 52 days | 1,976 sqft |
2019-12-01 | 60 days | 1,960 sqft |
2020-01-01 | 59 days | 1,981 sqft |
2020-02-01 | 44 days | 1,996 sqft |
2020-03-01 | 43 days | 1,997 sqft |
2020-04-01 | 44 days | 1,958 sqft |
2020-05-01 | 55 days | 1,980 sqft |
2020-06-01 | 57 days | 2,010 sqft |
2020-07-01 | 53 days | 2,008 sqft |
2020-08-01 | 51 days | 1,986 sqft |
2020-09-01 | 47 days | 1,937 sqft |
2020-10-01 | 48 days | 1,905 sqft |
2020-11-01 | 50 days | 1,911 sqft |
2020-12-01 | 55 days | 1,905 sqft |
2021-01-01 | 52 days | 1,912 sqft |
2021-02-01 | 40 days | 1,907 sqft |
2021-03-01 | 38 days | 1,920 sqft |
2021-04-01 | 35 days | 1,872 sqft |
2021-05-01 | 32 days | 1,871 sqft |
2021-06-01 | 32 days | 1,880 sqft |
2021-07-01 | 30 days | 1,844 sqft |
2021-08-01 | 30 days | 1,854 sqft |
2021-09-01 | 32 days | 1,851 sqft |
2021-10-01 | 33 days | 1,845 sqft |
2021-11-01 | 37 days | 1,868 sqft |
2021-12-01 | 44 days | 1,862 sqft |
2022-01-01 | 44 days | 1,861 sqft |
2022-02-01 | 37 days | 1,868 sqft |
2022-03-01 | 35 days | 1,879 sqft |
2022-04-01 | 32 days | 1,883 sqft |
2022-05-01 | 30 days | 1,920 sqft |
2022-06-01 | 30 days | 1,914 sqft |
2022-07-01 | 32 days | 1,873 sqft |
2022-08-01 | 37 days | 1,839 sqft |
2022-09-01 | 41 days | 1,817 sqft |
2022-10-01 | 44 days | 1,812 sqft |
2022-11-01 | 50 days | 1,813 sqft |
2022-12-01 | 60 days | 1,812 sqft |
2023-01-01 | 61 days | 1,822 sqft |
2023-02-01 | 52 days | 1,837 sqft |
2023-03-01 | 47 days | 1,860 sqft |
2023-04-01 | 47 days | 1,904 sqft |
2023-05-01 | 43 days | 1,924 sqft |
2023-06-01 | 43 days | 1,959 sqft |
2023-07-01 | 43 days | 1,944 sqft |
2023-08-01 | 41 days | 1,918 sqft |
2023-09-01 | 41 days | 1,904 sqft |
2023-10-01 | 39 days | 1,868 sqft |
2023-11-01 | 43 days | 1,862 sqft |
2023-12-01 | 51 days | 1,852 sqft |
2024-01-01 | 54 days | 1,847 sqft |
2024-02-01 | 44 days | 1,852 sqft |
2024-03-01 | 44 days | 1,849 sqft |
2024-04-01 | 45 days | 1,852 sqft |
2024-05-01 | 40 days | 1,852 sqft |
2024-06-01 | 43 days | 1,844 sqft |
2024-07-01 | 49 days | 1,816 sqft |
2024-08-01 | 51 days | 1,812 sqft |
2024-09-01 | 52 days | 1,812 sqft |
2024-10-01 | 51 days | 1,812 sqft |
2024-11-01 | 0 days | 1,804 sqft |
Tucson's median square footage for active listings during the 2024-11-01 period was 1,804 sqft. One year prior, the average listing was 1,862 sqft.