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%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 153 2.84% $6,802
NOVA FINANCIAL & INVESTMENT CORPORATION 148 2.90% $6,113
ACADEMY MORTGAGE CORPORATION 128 2.84% $8,401
NAVY FEDERAL CREDIT UNION 116 2.50% $5,074
FREEDOM MORTGAGE CORPORATION 105 2.44% $2,868
GUILD MORTGAGE COMPANY 93 2.99% $7,731
QUICKEN LOANS, LLC 81 2.44% $4,681
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 70 3.02% $7,291
PENNYMAC LOAN SERVICES, LLC 52 2.38% $5,337
UNITED WHOLESALE MORTGAGE, LLC 51 2.50% $5,788
LOANDEPOT.COM, LLC 51 2.95% $7,077
Gateway First Bank 44 2.97% $6,084
VILLAGE CAPITAL & INVESTMENT LLC 41 2.48% $2,997
PRIMELENDING, A PLAINSCAPITAL COMPANY 37 3.01% $6,184
NEW DAY FINANCIAL, LLC 35 2.79% $7,620
CLEARPATH LENDING 31 2.37% $3,421
LAKEVIEW LOAN SERVICING, LLC 27 2.51% $2,271
USAA Federal Savings Bank 27 2.79% $5,247
Neighborhood Loans, Inc. 25 3.30% $8,996
GUARANTEED RATE, INC. 22 2.62% $4,078
Wells Fargo Bank 21 2.46% $3,356
NEWREZ LLC 16 2.85% $3,587
CALIBER HOME LOANS, INC. 15 2.69% $3,070
Mr. Cooper ( Nationstar Mortgage ) 13 2.69% $3,528
The Federal Savings Bank 12 2.66% $5,946
HOME POINT FINANCIAL CORPORATION 11 2.42% $4,715
CMG MORTGAGE, INC. 10 2.35% $2,857
InterContinental Capital Group, Inc 10 2.40% $2,573
LOANPAL, LLC 9 2.56% $5,223
Barrington Bank & Trust Company, N.A. 9 2.76% $3,000
CROSSCOUNTRY MORTGAGE, LLC 8 3.05% $11,360
Lakeview Community Capital, LLC 8 2.59% $1,715
Carrington Mortgage Services, LLC 7 3.50% $3,750
Low VA Rates, LLC 7 2.34% $3,665
PANORAMA MORTGAGE GROUP, LLC 7 3.25% $8,806
AMERICAN FINANCIAL NETWORK, INC. 6 2.52% $7,198
SUN WEST MORTGAGE COMPANY, INC. 5 2.45% $4,006
AMERISAVE MORTGAGE CORPORATION 5 2.50% $4,658
PENTAGON FEDERAL CREDIT UNION 5 2.43% $4,589
BROKER SOLUTIONS, INC. 5 2.55% $5,884
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.55% $4,849
AMERICAN PACIFIC MORTGAGE CORPORATION 4 3.28% $6,107
NP, Inc. 4 2.25% $5,657
ACCELERATE MORTGAGE, LLC 3 1.99% $9,462
NBKC BANK 3 2.67% $5,937
NETWORK CAPITAL FUNDING CORPORATION 3 2.75% $3,060
AMERICAN FINANCING CORPORATION 3 2.58% $10,821
RESIDENTIAL BANCORP. 3 3.58% $8,431
RESIDENTIAL WHOLESALE MORTGAGE, INC. 3 3.04% $11,500
Amerifirst Financial, Inc. 3 2.58% $4,966
BELEM SERVICING LLC 3 3.00% $8,204
V.I.P. MORTGAGE, INC. 2 3.00% $3,056
U.S. Bank 2 2.63% $9,140
SUNSTREET MORTGAGE, LLC 2 2.94% $4,959
Flagstar Bank, FSB 2 2.69% $8,507
AmeriHome Mortgage Company, LLC 2 2.69% $1,910
First Federal Bank 2 3.19% $5,504
SOVEREIGN LENDING GROUP INCORPORATED 2 2.50% $7,375
Magnolia Bank 2 2.31% $4,886
PLANET HOME LENDING, LLC 2 2.69% $10,043
MID AMERICA MORTGAGE, INC. 2 2.50% $1,049
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.06% $3,214
NATIONS DIRECT MORTGAGE, LLC 2 2.94% $10,282
MOVEMENT MORTGAGE, LLC 2 2.81% $956
North American Savings Bank, F.S.B. 2 2.44% $12,027
Nations Lending Corporation 2 2.63% $5,277
ZILLOW HOME LOANS, LLC 1 2.75% $8,643
ALTITUDE FINANCIAL CORPORATION 1 2.63% $3,151
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.63% $0
Armed Forces Bank 1 2.25% $5,522
CANOPY MORTGAGE, LLC 1 2.63% $4,810
CELEBRITY HOME LOANS, LLC 1 2.50% $10,023
CHOICE LENDING CORP. 1 2.75% $13,333
CHURCHILL MORTGAGE CORPORATION 1 2.38% $3,973
Community First National Bank 1 2.25% $874
CORNERSTONE HOME LENDING, INC. 1 2.75% $9,157
COUNTRYPLACE MORTGAGE, LTD. 1 3.13% $4,151
DATA MORTGAGE, INC. 1 2.38% $4,061
EAGLE HOME MORTGAGE, LLC 1 2.88% $6,902
EMBRACE HOME LOANS, INC. 1 2.88% $12,803
Equity Prime Mortgage LLC 1 2.75% $1,169
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 2.88% $14,871
Evolve Bank & Trust 1 2.75% $769
FBC MORTGAGE, LLC 1 2.75% $3,366
FINANCE OF AMERICA MORTGAGE LLC 1 2.63% $1,694
FirstBank 1 2.63% $1,613
First Internet Bank of Indiana 1 2.25% $5,575
Goldwater Bank, N.A. 1 3.13% $9,052
HOMESIDE FINANCIAL, LLC 1 2.63% $13,430
INSPIRE HOME LOANS INC. 1 2.75% $15,169
INTERCAP LENDING INC. 1 2.38% $3,621
INTERNATIONAL CITY MORTGAGE, INC. 1 2.63% $2,391
KS StateBank 1 2.25% $12,368
Manufacturers and Traders Trust Company 1 3.13% $8,966
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $5,397
NBH Bank 1 2.75% $5,736
ON Q FINANCIAL, INC. 1 3.88% $3,945
Paramount Residential Mortgage Group, Inc. 1 2.63% $2,507
PINNACLE LENDING GROUP, INC. 1 2.25% $3,843
PNC Bank 1 2.63% $5,716
PREMIER LENDING, INC. 1 2.38% $3,146
RELIANCE FIRST CAPITAL, LLC 1 2.75% $10,111
ROYAL UNITED MORTGAGE LLC 1 2.25% $7,157
STARBOARD FINANCIAL MANAGEMENT, LLC 1 3.25% $6,579
STEARNS LENDING, LLC 1 2.25% $1,400
SUMMIT FUNDING, INC. 1 3.00% $4,790
TJC Mortgage, Inc. 1 2.25% $1,525
Umpqua Bank 1 2.25% $6,834
UNION HOME MORTGAGE CORP. 1 2.25% $10,300
Watermark Capital, Inc. 1 2.38% $3,185
Wyndham Capital Mortgage, Inc. 1 2.50% $1,089

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. Louis
Date 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 for 2022-04-01 was $329,000, a difference of $54,050 (19.7%) versus the prior year and $16,500 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 21 days. This is -34% shorter than the same period one year ago.

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.

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.