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
6.3%
for the week of 2024-10-25, compared to the national average (all VA variants) of
6.14% for the same period.
Tucson's average VA mortgage closing costs are $6,392.
The average rate for the prior week (2024-10-18) was
6.01% and
one month ago for the week of 2024-09-20, the
average rate was 5.21%.
The average rate one year ago was 7.23%.
For refis of the same type during the week of 2024-10-25, the average rate
was 6.61%.
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 |
2023 Avg. 30yFix Rate |
2023 Avg. Closing Costs |
Mortgage Research Center, LLC
|
210
|
6.61%
|
$7,681
|
LOANDEPOT.COM, LLC
|
151
|
5.65%
|
$16,556
|
NOVA FINANCIAL & INVESTMENT CORPORATION
|
147
|
6.31%
|
$7,895
|
CROSSCOUNTRY MORTGAGE, LLC
|
146
|
6.37%
|
$10,253
|
DHI MORTGAGE COMPANY, LTD.
|
101
|
5.37%
|
$13,397
|
UNITED WHOLESALE MORTGAGE, LLC
|
100
|
6.06%
|
$10,163
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
97
|
6.29%
|
$9,218
|
GUILD MORTGAGE COMPANY
|
95
|
6.13%
|
$12,615
|
QUICKEN LOANS, LLC
|
90
|
5.94%
|
$12,331
|
EAGLE HOME MORTGAGE, LLC
|
87
|
4.94%
|
$7,441
|
Prosperity Home Mortgage, LLC
|
82
|
5.98%
|
$11,550
|
ALTITUDE FINANCIAL CORPORATION
|
62
|
6.38%
|
$8,073
|
V.I.P. MORTGAGE, INC.
|
60
|
6.55%
|
$8,290
|
KBHS HOME LOANS, LLC
|
57
|
5.55%
|
$11,871
|
NAVY FEDERAL CREDIT UNION
|
55
|
5.70%
|
$8,430
|
HOMEAMERICAN MORTGAGE CORPORATION
|
49
|
5.23%
|
$8,313
|
USAA Federal Savings Bank
|
45
|
6.23%
|
$10,468
|
PULTE MORTGAGE LLC
|
44
|
5.32%
|
$7,628
|
PENNYMAC LOAN SERVICES, LLC
|
41
|
5.51%
|
$11,234
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
38
|
6.44%
|
$12,106
|
GUARANTEED RATE AFFINITY, LLC
|
35
|
6.31%
|
$8,113
|
FREEDOM MORTGAGE CORPORATION
|
32
|
6.39%
|
$17,678
|
MATTAMY HOME FUNDING, LLC
|
30
|
5.22%
|
$11,963
|
The Federal Savings Bank
|
27
|
6.28%
|
$16,515
|
MOVEMENT MORTGAGE, LLC
|
25
|
6.34%
|
$9,262
|
NEW DAY FINANCIAL, LLC
|
25
|
7.46%
|
$16,332
|
MORIA DEVELOPMENT, INC.
|
23
|
6.33%
|
$12,250
|
GUARANTEED RATE, INC.
|
23
|
6.11%
|
$8,402
|
Mr. Cooper ( Nationstar Mortgage )
|
18
|
5.87%
|
$15,133
|
PENTAGON FEDERAL CREDIT UNION
|
17
|
5.23%
|
$10,797
|
VILLAGE CAPITAL MORTGAGE
|
16
|
5.77%
|
$11,719
|
TruHome Solutions, LLC
|
11
|
5.81%
|
$7,653
|
BROKER SOLUTIONS, INC.
|
10
|
6.44%
|
$14,015
|
CARDINAL FINANCIAL
|
10
|
6.29%
|
$10,437
|
NEWREZ LLC
|
9
|
6.31%
|
$9,704
|
AMCAP MORTGAGE, LTD.
|
7
|
6.30%
|
$14,563
|
Flagstar Bank, FSB
|
7
|
6.02%
|
$8,679
|
Wells Fargo Bank
|
7
|
5.77%
|
$6,097
|
HOMEOWNERS FINANCIAL GROUP USA, LLC
|
6
|
6.44%
|
$11,587
|
Plains Commerce Bank
|
6
|
5.85%
|
$9,007
|
GENEVA FINANCIAL, LLC
|
6
|
7.02%
|
$12,110
|
Magnolia Bank
|
6
|
5.75%
|
$17,874
|
AMERISAVE MORTGAGE CORPORATION
|
6
|
5.60%
|
$12,307
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
5
|
6.05%
|
$11,054
|
Barrington Bank & Trust Company, N.A.
|
5
|
5.78%
|
$5,557
|
SUN WEST MORTGAGE COMPANY, INC.
|
4
|
6.47%
|
$10,837
|
LAKEVIEW LOAN SERVICING, LLC
|
4
|
6.03%
|
$9,994
|
American Mortgage & Equity Consultants, Inc.
|
4
|
6.38%
|
$9,483
|
Paramount Residential Mortgage Group, Inc.
|
4
|
6.44%
|
$12,347
|
PLANET HOME LENDING, LLC
|
4
|
6.37%
|
$6,527
|
Equity Prime Mortgage LLC
|
4
|
6.41%
|
$14,848
|
RESIDENTIAL BANCORP
|
4
|
6.13%
|
$18,286
|
VERITAS FUNDING, LLC
|
4
|
6.09%
|
$20,357
|
Gateway First Bank
|
4
|
6.47%
|
$7,683
|
BNC National Bank
|
3
|
5.50%
|
$12,137
|
JPMorgan Chase Bank
|
3
|
5.96%
|
$2,314
|
LADERA LENDING, INC.
|
3
|
6.42%
|
$22,159
|
Lakeview Community Capital, LLC
|
3
|
6.08%
|
$11,189
|
LOANPAL, LLC
|
3
|
6.75%
|
$16,672
|
NBKC BANK
|
3
|
5.50%
|
$3,281
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
3
|
6.54%
|
$6,203
|
Mid-Continent Funding, Inc.
|
3
|
6.17%
|
$8,325
|
NETWORK CAPITAL FUNDING CORPORATION
|
3
|
6.33%
|
$8,588
|
CMG MORTGAGE, INC.
|
3
|
5.92%
|
$11,882
|
SUMMIT FUNDING, INC.
|
2
|
6.48%
|
$4,867
|
AMERICAN FINANCIAL NETWORK, INC.
|
2
|
6.88%
|
$5,790
|
The Loan Store, Inc.
|
2
|
6.43%
|
$11,007
|
MORTGAGEONE, INC.
|
2
|
6.69%
|
$4,180
|
Strong Home Mortgage, LLC
|
2
|
5.50%
|
$7,168
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
2
|
7.25%
|
$7,057
|
First Western Trust Bank
|
2
|
5.88%
|
$9,681
|
BAY EQUITY LLC
|
2
|
7.06%
|
$26,777
|
ONY GLO, INC.
|
2
|
6.00%
|
$12,129
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
2
|
6.50%
|
$7,700
|
MANN FINANCIAL INC.
|
2
|
6.94%
|
$5,961
|
U.S. Bank
|
2
|
5.93%
|
$8,900
|
MICHIGAN MUTUAL, INC.
|
2
|
6.56%
|
$7,459
|
Zions Bank
|
1
|
5.75%
|
$9,896
|
ACADEMY MORTGAGE CORPORATION
|
1
|
5.50%
|
$12,464
|
AHL FUNDING
|
1
|
6.75%
|
$14,741
|
ALAMEDA MORTGAGE CORPORATION
|
1
|
6.00%
|
$17,673
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
6.75%
|
$2,905
|
AMERICAN FINANCING CORPORATION
|
1
|
6.25%
|
$13,353
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
1
|
5.75%
|
$35,672
|
AMERICAN PORTFOLIO MORTGAGE CORPORATION
|
1
|
6.25%
|
$4,401
|
Armed Forces Bank
|
1
|
5.75%
|
$5,276
|
Bank of America
|
1
|
6.50%
|
$18,381
|
Carrington Mortgage Services, LLC
|
1
|
5.13%
|
$4,533
|
CASTLE & COOKE MORTGAGE, LLC
|
1
|
7.25%
|
$8,603
|
Century Mortgage Company DBA Century Lending Company
|
1
|
6.25%
|
$4,629
|
CITYWIDE HOME LOANS, LLC
|
1
|
6.75%
|
$13,824
|
Colonial Savings, F.A.
|
1
|
6.00%
|
$4,911
|
Cornerstone First Mortgage, Inc
|
1
|
5.99%
|
$15,225
|
DAS Acquisition Company, LLC
|
1
|
6.88%
|
$10,398
|
EMBRACE HOME LOANS, INC.
|
1
|
5.75%
|
$6,696
|
First Savings Bank
|
1
|
6.13%
|
$20,612
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
1
|
6.00%
|
$17,831
|
HOMESTEAD FUNDING CORP.
|
1
|
6.00%
|
$8,545
|
HUNT MORTGAGE CORPORATION
|
1
|
7.00%
|
$15,954
|
INTERCAP LENDING INC.
|
1
|
5.88%
|
$23,572
|
INTERLINC MORTGAGE SERVICES, LLC
|
1
|
6.88%
|
$11,937
|
INTERNATIONAL CITY MORTGAGE, INC.
|
1
|
6.00%
|
$8,893
|
MORTGAGE EXPRESS, LLC
|
1
|
5.25%
|
$7,679
|
Nations Lending Corporation
|
1
|
6.75%
|
$4,893
|
North American Savings Bank, F.S.B.
|
1
|
5.75%
|
$1,561
|
Northpointe Bank
|
1
|
6.50%
|
$9,644
|
Old National Bank
|
1
|
5.13%
|
$8,233
|
PACIFIC RESIDENTIAL MORTGAGE, LLC
|
1
|
6.13%
|
$823
|
PNC Bank
|
1
|
5.75%
|
$2,450
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
1
|
6.75%
|
$5
|
RELIANCE FIRST CAPITAL, LLC
|
1
|
5.50%
|
$12,102
|
RESIDENTIAL WHOLESALE MORTGAGE, INC.
|
1
|
6.63%
|
$4,664
|
SECURITYNATIONAL MORTGAGE COMPANY
|
1
|
7.00%
|
$17,161
|
SIRVA MORTGAGE, INC.
|
1
|
7.13%
|
$8,910
|
SUCCESS MORTGAGE PARTNERS, INC.
|
1
|
5.99%
|
$575
|
Sunflower Bank
|
1
|
6.63%
|
$8,516
|
The Central Trust Bank
|
1
|
7.00%
|
$3,589
|
The Huntington National Bank
|
1
|
6.00%
|
$25,959
|
UNION HOME MORTGAGE CORP.
|
1
|
7.25%
|
$5,004
|
VELOCIO MORTGAGE L.L.C.
|
1
|
5.75%
|
$19,441
|
ZILLOW HOME LOANS, LLC
|
1
|
5.63%
|
$11,929
|
Academy Bank
|
1
|
6.50%
|
$4,870
|
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%).
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.