Yuma VA Loan Rates, Closing Costs & Stats

YUMA, 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.

    Yuma's 63 lenders originated 581 VA loans during 2023. The total origination value was $181,205,000, with an average VA loan value of $311,885.

    Yuma VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Yuma averaged 6.25% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Yuma's average VA mortgage closing costs are $6,194.

    The average rate for the prior week (2024-11-01) was 6.41% and one month ago for the week of 2024-10-04, the average rate was 5.83%.

    The average rate one year ago was 7.59%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.53%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Yuma level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 70 6.46% $7,497
    Mortgage Research Center, LLC 66 6.78% $7,566
    NOVA FINANCIAL & INVESTMENT CORPORATION 61 6.33% $8,275
    NAVY FEDERAL CREDIT UNION 44 5.81% $7,437
    ACADEMY MORTGAGE CORPORATION 40 6.10% $7,036
    Gateway First Bank 28 6.46% $8,718
    QUICKEN LOANS, LLC 27 6.10% $11,631
    CROSSCOUNTRY MORTGAGE, LLC 27 6.29% $10,071
    GUILD MORTGAGE COMPANY 21 6.52% $9,233
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 6.16% $9,276
    GUARANTEED RATE, INC. 17 6.14% $8,533
    PRIMELENDING, A PLAINSCAPITAL COMPANY 14 6.64% $6,778
    PENNYMAC LOAN SERVICES, LLC 12 5.50% $6,746
    CMG MORTGAGE, INC. 11 6.49% $13,255
    FREEDOM MORTGAGE CORPORATION 9 6.21% $16,743
    USAA Federal Savings Bank 6 6.29% $11,913
    LOANDEPOT.COM, LLC 6 6.77% $10,284
    The Federal Savings Bank 4 6.38% $16,516
    GENEVA FINANCIAL, LLC 4 7.00% $11,933
    Neighborhood Loans, Inc. 4 6.66% $11,611
    NEW DAY FINANCIAL, LLC 4 7.93% $11,411
    SUMMIT FUNDING, INC. 4 6.22% $6,918
    VILLAGE CAPITAL MORTGAGE 4 5.63% $15,773
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.83% $1,099
    SECURITYNATIONAL MORTGAGE COMPANY 3 6.67% $8,906
    Equity Prime Mortgage LLC 3 7.71% $11,309
    PENTAGON FEDERAL CREDIT UNION 2 5.88% $7,864
    AMERISAVE MORTGAGE CORPORATION 2 6.50% $16,044
    CARDINAL FINANCIAL 2 5.69% $11,726
    Plains Commerce Bank 2 5.88% $14,670
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.88% $18,789
    Flagstar Bank, FSB 2 6.75% $14,904
    MORTGAGEONE, INC. 2 6.63% $9,258
    Nations Lending Corporation 2 7.31% $9,330
    OCMBC, INC. 2 7.00% $4,348
    Barrington Bank & Trust Company, N.A. 2 7.00% $8,340
    PLANET HOME LENDING, LLC 1 6.25% $12,798
    PREMIA MORTGAGE, LLC 1 6.13% $27,965
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.50% $19,081
    Ameris Bank 1 5.50% $22,035
    RESIDENTIAL BANCORP 1 6.13% $17,800
    S1L, Inc. 1 6.25% $16,108
    Wallick & Volk, Inc. 1 7.75% $2,580
    SUN WEST MORTGAGE COMPANY, INC. 1 6.50% $16,391
    TOP FLITE FINANCIAL, INC. 1 6.75% $13,523
    TOWNE MORTGAGE COMPANY 1 5.25% $25,480
    GUARANTEED RATE AFFINITY, LLC 1 6.88% $3,626
    iCore Lending, Inc. 1 5.88% $8,455
    JPMorgan Chase Bank 1 7.25% $0
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $10,622
    Lakeview Community Capital, LLC 1 5.25% $7,708
    LEADERONE FINANCIAL CORPORATION 1 7.13% $8,508
    LOANPAL, LLC 1 5.88% $14,778
    Magnolia Bank 1 6.88% $15,739
    Mid-Continent Funding, Inc. 1 6.25% $8,795
    Mr. Cooper ( Nationstar Mortgage ) 1 5.50% $14,308
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $21,507
    NBKC BANK 1 6.00% $5,813
    AMERICAN FINANCIAL NETWORK, INC. 1 6.38% $345
    Wells Fargo Bank 1 5.38% $16,366
    NEWREZ LLC 1 6.75% $14,214
    BROKER SOLUTIONS, INC. 1 6.75% $7,209
    PHH Mortgage Corporation 1 6.63% $8,852

    The top Yuma VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 70 VA loans originated. Their average total fees are $7,497, which is $68 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Yuma VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($6,746), PRIMELENDING, A PLAINSCAPITAL COMPANY ($6,778), ACADEMY MORTGAGE CORPORATION ($7,036), NAVY FEDERAL CREDIT UNION ($7,437) and UNITED WHOLESALE MORTGAGE, LLC ($7,497).

    The lowest rate Yuma VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.50%), NAVY FEDERAL CREDIT UNION (5.81%), QUICKEN LOANS, LLC (6.10%), ACADEMY MORTGAGE CORPORATION (6.10%) and GUARANTEED RATE, INC. (6.14%).

    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.