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 7.07% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.9% and one month ago for the week of 2024-03-15, the average rate was 6.66%.

    The average rate one year ago was 6.35%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.25%.

    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%).

    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 $191,100 (0.6%) $221,576 (0.3%) 0.71 807
    2018-02-01 $195,000 (0.3%) $224,779 (-0.3%) 0.71 784
    2018-03-01 $199,000 (-0.2%) $226,613 (-0.2%) 0.70 763
    2018-04-01 $199,850 (1.9%) $229,462 (0.6%) 0.68 704
    2018-05-01 $208,788 (4.8%) $231,748 (-0.1%) 0.70 649
    2018-06-01 $206,187 (4.2%) $230,336 (0.3%) 0.69 628
    2018-07-01 $205,000 (2.6%) $230,138 (-1.2%) 0.68 595
    2018-08-01 $214,000 (7.1%) $234,369 (0.6%) 0.72 599
    2018-09-01 $217,912 (9.0%) $235,240 (2.0%) 0.73 659
    2018-10-01 $217,431 (4.6%) $235,484 (2.6%) 0.74 666
    2018-11-01 $217,500 (8.8%) $237,812 (6.4%) 0.74 690
    2018-12-01 $220,000 (12.9%) $234,564 (6.4%) 0.76 681
    2019-01-01 $219,900 (15.1%) $235,306 (6.2%) 0.76 681
    2019-02-01 $222,862 (14.3%) $242,243 (7.8%) 0.75 690
    2019-03-01 $225,393 (13.3%) $244,395 (7.9%) 0.74 662
    2019-04-01 $225,943 (13.1%) $245,717 (7.1%) 0.72 639
    2019-05-01 $220,950 (5.8%) $248,278 (7.1%) 0.69 627
    2019-06-01 $224,900 (9.1%) $251,413 (9.2%) 0.70 589
    2019-07-01 $226,500 (10.5%) $256,125 (11.3%) 0.71 533
    2019-08-01 $229,109 (7.1%) $259,451 (10.7%) 0.73 533
    2019-09-01 $227,923 (4.6%) $258,542 (9.9%) 0.73 538
    2019-10-01 $227,582 (4.7%) $259,009 (10.0%) 0.73 541
    2019-11-01 $229,900 (5.7%) $258,637 (8.8%) 0.75 560
    2019-12-01 $227,373 (3.4%) $256,167 (9.2%) 0.76 555
    2020-01-01 $219,450 (-0.2%) $248,519 (5.6%) 0.73 552
    2020-02-01 $224,900 (0.9%) $255,663 (5.5%) 0.74 509
    2020-03-01 $239,913 (6.4%) $267,098 (9.3%) 0.75 461
    2020-04-01 $237,950 (5.3%) $264,014 (7.5%) 0.75 454
    2020-05-01 $239,900 (8.6%) $261,809 (5.5%) 0.73 355
    2020-06-01 $232,600 (3.4%) $264,209 (5.1%) 0.69 271
    2020-07-01 $242,879 (7.2%) $282,201 (10.2%) 0.70 225
    2020-08-01 $229,900 (0.4%) $284,749 (9.8%) 0.66 190
    2020-09-01 $227,450 (-0.2%) $294,144 (13.8%) 0.65 194
    2020-10-01 $210,900 (-7.3%) $281,133 (8.5%) 0.60 207
    2020-11-01 $231,250 (0.6%) $291,215 (12.6%) 0.68 201
    2020-12-01 $229,508 (0.9%) $290,015 (13.2%) 0.68 199
    2021-01-01 $240,000 (9.4%) $293,787 (18.2%) 0.72 172
    2021-02-01 $246,850 (9.8%) $301,900 (18.1%) 0.72 165
    2021-03-01 $256,175 (6.8%) $297,999 (11.6%) 0.73 160
    2021-04-01 $260,888 (9.6%) $317,525 (20.3%) 0.71 145
    2021-05-01 $279,900 (16.7%) $335,538 (28.2%) 0.74 139
    2021-06-01 $281,975 (21.2%) $324,819 (22.9%) 0.74 147
    2021-07-01 $281,450 (15.9%) $326,385 (15.7%) 0.74 203
    2021-08-01 $270,200 (17.5%) $314,996 (10.6%) 0.72 209
    2021-09-01 $271,000 (19.2%) $313,151 (6.5%) 0.72 201
    2021-10-01 $279,250 (32.4%) $331,984 (18.1%) 0.74 184
    2021-11-01 $279,500 (20.9%) $331,982 (14.0%) 0.75 172
    2021-12-01 $280,000 (22.0%) $332,596 (14.7%) 0.76 166
    2022-01-01 $285,741 (19.1%) $336,976 (14.7%) 0.77 152
    2022-02-01 $296,450 (20.1%) $337,175 (11.7%) 0.77 151
    2022-03-01 $299,625 (17.0%) $339,100 (13.8%) 0.75 150
    2022-04-01 $315,000 (20.7%) $362,252 (14.1%) 0.75 169
    2022-05-01 $309,724 (10.7%) $363,769 (8.4%) 0.71 212
    2022-06-01 $302,128 (7.2%) $354,112 (9.0%) 0.67 269
    2022-07-01 $310,130 (10.2%) $353,713 (8.4%) 0.70 314
    2022-08-01 $311,440 (15.3%) $360,023 (14.3%) 0.72 342
    2022-09-01 $315,000 (16.2%) $365,030 (16.6%) 0.74 362
    2022-10-01 $311,440 (11.5%) $359,317 (8.2%) 0.73 393
    2022-11-01 $309,640 (10.8%) $349,630 (5.3%) 0.74 399
    2022-12-01 $305,000 (8.9%) $349,224 (5.0%) 0.75 370
    2023-01-01 $299,800 (4.9%) $346,910 (3.0%) 0.74 337
    2023-02-01 $303,939 (2.5%) $352,680 (4.6%) 0.73 306
    2023-03-01 $299,225 (-0.1%) $357,859 (5.5%) 0.71 267
    2023-04-01 $305,000 (-3.2%) $364,358 (0.6%) 0.71 242
    2023-05-01 $326,000 (5.3%) $371,628 (2.2%) 0.74 232
    2023-06-01 $346,275 (14.6%) $397,051 (12.1%) 0.78 232
    2023-07-01 $339,500 (9.5%) $390,631 (10.4%) 0.77 260
    2023-08-01 $335,475 (7.7%) $393,578 (9.3%) 0.77 257
    2023-09-01 $347,450 (10.3%) $392,087 (7.4%) 0.81 274
    2023-10-01 $342,450 (10.0%) $385,091 (7.2%) 0.81 375
    2023-11-01 $339,450 (9.6%) $396,775 (13.5%) 0.81 417
    2023-12-01 $330,000 (8.2%) $387,280 (10.9%) 0.80 420
    2024-01-01 $328,475 (9.6%) $379,129 (9.3%) 0.80 407
    2024-02-01 $337,425 (11.0%) $385,912 (9.4%) 0.81 395
    2024-03-01 $339,000 (13.3%) $386,307 (8.0%) 0.80 403
    Yuma's median listing price for 2024-03-01 was $339,000, a difference of $39,775 (13.3%) versus the prior year and $1,575 versus the prior month.

    Yuma's median listing price comes in at 80% of the national average.

    Yuma's average listing price for 2024-03-01 was $386,307, a difference of $28,448 (8.0%) versus the prior year and $395 versus the prior month.

    For the 2024-03-01 period, Yuma had 403 MLS listings, a difference of 8 listings (2%) versus the prior month and 136 listings (51%) 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 72 days 1,628 sqft
    2018-02-01 75 days 1,631 sqft
    2018-03-01 66 days 1,650 sqft
    2018-04-01 64 days 1,660 sqft
    2018-05-01 67 days 1,701 sqft
    2018-06-01 63 days 1,701 sqft
    2018-07-01 70 days 1,701 sqft
    2018-08-01 68 days 1,699 sqft
    2018-09-01 58 days 1,695 sqft
    2018-10-01 57 days 1,691 sqft
    2018-11-01 60 days 1,691 sqft
    2018-12-01 65 days 1,695 sqft
    2019-01-01 72 days 1,699 sqft
    2019-02-01 68 days 1,699 sqft
    2019-03-01 64 days 1,690 sqft
    2019-04-01 63 days 1,682 sqft
    2019-05-01 68 days 1,665 sqft
    2019-06-01 73 days 1,679 sqft
    2019-07-01 75 days 1,694 sqft
    2019-08-01 67 days 1,696 sqft
    2019-09-01 56 days 1,675 sqft
    2019-10-01 50 days 1,665 sqft
    2019-11-01 54 days 1,662 sqft
    2019-12-01 65 days 1,660 sqft
    2020-01-01 68 days 1,638 sqft
    2020-02-01 68 days 1,660 sqft
    2020-03-01 58 days 1,686 sqft
    2020-04-01 61 days 1,654 sqft
    2020-05-01 66 days 1,666 sqft
    2020-06-01 67 days 1,609 sqft
    2020-07-01 54 days 1,670 sqft
    2020-08-01 45 days 1,634 sqft
    2020-09-01 33 days 1,606 sqft
    2020-10-01 29 days 1,548 sqft
    2020-11-01 42 days 1,565 sqft
    2020-12-01 40 days 1,541 sqft
    2021-01-01 47 days 1,552 sqft
    2021-02-01 32 days 1,578 sqft
    2021-03-01 26 days 1,606 sqft
    2021-04-01 25 days 1,674 sqft
    2021-05-01 29 days 1,718 sqft
    2021-06-01 28 days 1,667 sqft
    2021-07-01 24 days 1,602 sqft
    2021-08-01 31 days 1,570 sqft
    2021-09-01 38 days 1,553 sqft
    2021-10-01 41 days 1,553 sqft
    2021-11-01 34 days 1,555 sqft
    2021-12-01 41 days 1,549 sqft
    2022-01-01 32 days 1,595 sqft
    2022-02-01 20 days 1,570 sqft
    2022-03-01 22 days 1,600 sqft
    2022-04-01 19 days 1,657 sqft
    2022-05-01 22 days 1,625 sqft
    2022-06-01 24 days 1,614 sqft
    2022-07-01 30 days 1,584 sqft
    2022-08-01 38 days 1,595 sqft
    2022-09-01 42 days 1,662 sqft
    2022-10-01 45 days 1,609 sqft
    2022-11-01 51 days 1,575 sqft
    2022-12-01 61 days 1,574 sqft
    2023-01-01 57 days 1,573 sqft
    2023-02-01 46 days 1,579 sqft
    2023-03-01 43 days 1,565 sqft
    2023-04-01 43 days 1,584 sqft
    2023-05-01 40 days 1,622 sqft
    2023-06-01 43 days 1,681 sqft
    2023-07-01 35 days 1,606 sqft
    2023-08-01 48 days 1,599 sqft
    2023-09-01 45 days 1,627 sqft
    2023-10-01 40 days 1,666 sqft
    2023-11-01 46 days 1,645 sqft
    2023-12-01 58 days 1,587 sqft
    2024-01-01 62 days 1,584 sqft
    2024-02-01 52 days 1,595 sqft
    2024-03-01 45 days 1,602 sqft
    Yuma's median listing age (time on market) for 2024-03-01 was 45 days. This is 5% longer than the same period one year ago.

    Yuma's median square footage for active listings during the 2024-03-01 period was 1,602 sqft. One year prior, the average listing was 1,565 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.