Yuma VA Loans
YUMA, 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 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.
Yuma's 111 lenders originated 1,828 VA loans during 2021. The total origination value was $449,850,000, with an average VA loan value of $246,089.
Yuma VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Yuma
averaged
5.38%
for the week of 2022-05-20, compared to the national average (all VA variants) of
5.143% for the same period.
The average rate for the prior week (2022-05-13) was
5.49% and
one month ago for the week of 2022-04-15, the
average rate was 5.06%.
The average rate one year ago was 3.45%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.33%.
Yuma 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 Yuma level.
The top Yuma VA lender as defined by loan originations is Mortgage Research Center, LLC, with
153 VA loans originated. Their average total fees are
$6,802, which is $688
higher than the next largest lender,
NOVA FINANCIAL & INVESTMENT CORPORATION.
The lowest fee Yuma VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,271), InterContinental Capital Group, Inc ($2,573), CMG MORTGAGE, INC. ($2,857), FREEDOM MORTGAGE CORPORATION ($2,868) and VILLAGE CAPITAL & INVESTMENT LLC ($2,997).
The lowest rate Yuma VA lenders (with over 10 loans originated) are
CMG MORTGAGE, INC. (2.35%), CLEARPATH LENDING (2.37%), PENNYMAC LOAN SERVICES, LLC (2.38%), InterContinental Capital Group, Inc (2.40%) and HOME POINT FINANCIAL CORPORATION (2.42%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Yuma (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 | $204,900 (3.4%) | $226,875 (0.4%) | 0.75 | 818 |
2018-02-01 | $204,975 (2.1%) | $230,118 (-0.5%) | 0.74 | 799 |
2018-03-01 | $209,100 (4.5%) | $232,561 (0.2%) | 0.72 | 768 |
2018-04-01 | $211,500 (5.8%) | $235,340 (1.2%) | 0.71 | 727 |
2018-05-01 | $224,000 (9.0%) | $239,121 (1.0%) | 0.75 | 659 |
2018-06-01 | $219,900 (10.0%) | $236,947 (1.6%) | 0.73 | 639 |
2018-07-01 | $218,000 (4.3%) | $238,275 (0.6%) | 0.73 | 597 |
2018-08-01 | $224,950 (9.0%) | $244,035 (2.2%) | 0.75 | 599 |
2018-09-01 | $225,000 (7.2%) | $245,291 (3.6%) | 0.75 | 667 |
2018-10-01 | $225,000 (6.0%) | $244,198 (4.1%) | 0.75 | 684 |
2018-11-01 | $228,750 (10.3%) | $247,876 (8.4%) | 0.77 | 693 |
2018-12-01 | $229,900 (12.2%) | $245,101 (8.0%) | 0.79 | 681 |
2019-01-01 | $229,200 (11.9%) | $245,489 (8.2%) | 0.79 | 684 |
2019-02-01 | $231,700 (13.0%) | $251,576 (9.3%) | 0.78 | 686 |
2019-03-01 | $231,614 (10.8%) | $251,985 (8.4%) | 0.75 | 670 |
2019-04-01 | $232,414 (9.9%) | $253,463 (7.7%) | 0.73 | 660 |
2019-05-01 | $231,550 (3.4%) | $257,655 (7.8%) | 0.71 | 648 |
2019-06-01 | $233,000 (6.0%) | $259,537 (9.5%) | 0.72 | 610 |
2019-07-01 | $234,450 (7.6%) | $264,105 (10.8%) | 0.73 | 548 |
2019-08-01 | $232,757 (3.5%) | $264,265 (8.3%) | 0.73 | 528 |
2019-09-01 | $233,807 (3.9%) | $263,730 (7.5%) | 0.74 | 508 |
2019-10-01 | $238,750 (6.1%) | $270,211 (10.7%) | 0.76 | 568 |
2019-11-01 | $239,950 (4.9%) | $267,764 (8.0%) | 0.77 | 594 |
2019-12-01 | $240,248 (4.5%) | $265,229 (8.2%) | 0.80 | 579 |
2020-01-01 | $231,700 (1.1%) | $258,930 (5.5%) | 0.77 | 581 |
2020-02-01 | $239,900 (3.5%) | $266,651 (6.0%) | 0.77 | 529 |
2020-03-01 | $249,450 (7.7%) | $277,774 (10.2%) | 0.78 | 477 |
2020-04-01 | $249,750 (7.5%) | $276,462 (9.1%) | 0.78 | 465 |
2020-05-01 | $249,500 (7.8%) | $275,709 (7.0%) | 0.76 | 377 |
2020-06-01 | $240,950 (3.4%) | $274,763 (5.9%) | 0.70 | 288 |
2020-07-01 | $254,500 (8.6%) | $293,608 (11.2%) | 0.73 | 225 |
2020-08-01 | $258,525 (11.1%) | $304,547 (15.2%) | 0.74 | 195 |
2020-09-01 | $248,900 (6.5%) | $314,108 (19.1%) | 0.71 | 192 |
2020-10-01 | $239,900 (0.5%) | $300,704 (11.3%) | 0.69 | 201 |
2020-11-01 | $252,450 (5.2%) | $312,572 (16.7%) | 0.72 | 190 |
2020-12-01 | $245,450 (2.2%) | $307,081 (15.8%) | 0.72 | 187 |
2021-01-01 | $255,900 (10.4%) | $310,566 (19.9%) | 0.75 | 158 |
2021-02-01 | $256,275 (6.8%) | $306,767 (15.0%) | 0.74 | 158 |
2021-03-01 | $267,400 (7.2%) | $308,484 (11.1%) | 0.75 | 153 |
2021-04-01 | $274,950 (10.1%) | $328,265 (18.7%) | 0.74 | 136 |
2021-05-01 | $287,000 (15.0%) | $338,809 (22.9%) | 0.76 | 127 |
2021-06-01 | $295,000 (22.4%) | $334,534 (21.8%) | 0.77 | 145 |
2021-07-01 | $292,450 (14.9%) | $330,059 (12.4%) | 0.76 | 189 |
2021-08-01 | $279,900 (8.3%) | $320,891 (5.4%) | 0.74 | 207 |
2021-09-01 | $279,000 (12.1%) | $316,353 (0.7%) | 0.73 | 206 |
2021-10-01 | $289,000 (20.5%) | $338,378 (12.5%) | 0.76 | 187 |
2021-11-01 | $287,500 (13.9%) | $338,221 (8.2%) | 0.76 | 178 |
2021-12-01 | $283,500 (15.5%) | $340,911 (11.0%) | 0.76 | 164 |
2022-01-01 | $299,000 (16.8%) | $348,580 (12.2%) | 0.80 | 156 |
2022-02-01 | $299,950 (17.0%) | $350,131 (14.1%) | 0.76 | 160 |
2022-03-01 | $312,500 (16.9%) | $351,891 (14.1%) | 0.77 | 150 |
2022-04-01 | $329,000 (19.7%) | $374,139 (14.0%) | 0.77 | 177 |
Yuma's median listing price comes in at 77% of the national average.
Yuma's average listing price for 2022-04-01 was $374,139, a difference of $45,874 (14.0%) versus the prior year and $22,248 versus the prior month.
For the 2022-04-01 period, Yuma had 177 MLS listings, a difference of 27 listings (18%) versus the prior month and 41 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Yuma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 75 days | 1,644 sqft |
2018-02-01 | 82 days | 1,647 sqft |
2018-03-01 | 72 days | 1,656 sqft |
2018-04-01 | 67 days | 1,674 sqft |
2018-05-01 | 74 days | 1,734 sqft |
2018-06-01 | 71 days | 1,733 sqft |
2018-07-01 | 73 days | 1,732 sqft |
2018-08-01 | 74 days | 1,738 sqft |
2018-09-01 | 64 days | 1,725 sqft |
2018-10-01 | 61 days | 1,719 sqft |
2018-11-01 | 66 days | 1,714 sqft |
2018-12-01 | 73 days | 1,735 sqft |
2019-01-01 | 79 days | 1,750 sqft |
2019-02-01 | 79 days | 1,745 sqft |
2019-03-01 | 67 days | 1,717 sqft |
2019-04-01 | 66 days | 1,700 sqft |
2019-05-01 | 67 days | 1,700 sqft |
2019-06-01 | 73 days | 1,699 sqft |
2019-07-01 | 82 days | 1,722 sqft |
2019-08-01 | 74 days | 1,704 sqft |
2019-09-01 | 66 days | 1,692 sqft |
2019-10-01 | 51 days | 1,716 sqft |
2019-11-01 | 56 days | 1,699 sqft |
2019-12-01 | 68 days | 1,699 sqft |
2020-01-01 | 73 days | 1,687 sqft |
2020-02-01 | 74 days | 1,715 sqft |
2020-03-01 | 60 days | 1,756 sqft |
2020-04-01 | 60 days | 1,728 sqft |
2020-05-01 | 65 days | 1,693 sqft |
2020-06-01 | 74 days | 1,630 sqft |
2020-07-01 | 60 days | 1,687 sqft |
2020-08-01 | 42 days | 1,686 sqft |
2020-09-01 | 31 days | 1,632 sqft |
2020-10-01 | 28 days | 1,606 sqft |
2020-11-01 | 36 days | 1,606 sqft |
2020-12-01 | 43 days | 1,606 sqft |
2021-01-01 | 49 days | 1,606 sqft |
2021-02-01 | 32 days | 1,606 sqft |
2021-03-01 | 29 days | 1,644 sqft |
2021-04-01 | 32 days | 1,758 sqft |
2021-05-01 | 31 days | 1,727 sqft |
2021-06-01 | 28 days | 1,720 sqft |
2021-07-01 | 29 days | 1,624 sqft |
2021-08-01 | 31 days | 1,604 sqft |
2021-09-01 | 39 days | 1,574 sqft |
2021-10-01 | 39 days | 1,568 sqft |
2021-11-01 | 35 days | 1,560 sqft |
2021-12-01 | 37 days | 1,543 sqft |
2022-01-01 | 31 days | 1,606 sqft |
2022-02-01 | 20 days | 1,607 sqft |
2022-03-01 | 20 days | 1,657 sqft |
2022-04-01 | 21 days | 1,728 sqft |
Yuma's median square footage for active listings during the 2022-04-01 period was 1,728 sqft. One year prior, the average listing was 1,758 sqft.