Tucson VA Loans

TUCSON, AZ

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    • 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.