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 6.75% for the week of 2024-05-10, compared to the national average (all VA variants) of 6.593% for the same period.

Tucson's average VA mortgage closing costs are $6,392.

The average rate for the prior week (2024-05-03) was 6.68% and one month ago for the week of 2024-04-05, the average rate was 6.28%.

The average rate one year ago was 6.15%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.86%.

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%).


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 $266,950 (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
Tucson's median listing price for 2024-04-01 was $409,299, a difference of $5,624 (1.4%) versus the prior year and $6,599 versus the prior month.

Tucson's median listing price comes in at 95% of the national average.

Tucson's average listing price for 2024-04-01 was $572,034, a difference of $-10,540 (-1.8%) versus the prior year and $3,905 versus the prior month.

For the 2024-04-01 period, Tucson had 2,491 MLS listings, a difference of 71 listings (3%) versus the prior month and 799 listings (47%) 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 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
Tucson's median listing age (time on market) for 2024-04-01 was 45 days. This is -5% shorter than the same period one year ago.

Tucson's median square footage for active listings during the 2024-04-01 period was 1,852 sqft. One year prior, the average listing was 1,904 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.