Yuma VA Loan Rates, Closing Costs & Stats

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 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 0.01% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.68% and one month ago for the week of 2024-10-25, the average rate was 6.07%.

The average rate one year ago was 6.92%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.09%.

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
2024-04-01 $349,450 (14.6%) $390,362 (7.1%) 0.81 414
2024-05-01 $355,225 (9.0%) $387,030 (4.1%) 0.80 396
2024-06-01 $349,950 (1.1%) $378,428 (-4.7%) 0.79 406
2024-07-01 $342,475 (0.9%) $374,760 (-4.1%) 0.78 381
2024-08-01 $338,500 (0.9%) $371,877 (-5.5%) 0.79 411
2024-09-01 $340,200 (-2.1%) $1,415,496 (261.0%) 0.80 420
2024-10-01 $345,750 (1.0%) $381,561 (-0.9%) 0.81 442
Yuma's median listing price for 2024-10-01 was $345,750, a difference of $3,300 (1.0%) versus the prior year and $5,550 versus the prior month.

Yuma's median listing price comes in at 81% of the national average.

Yuma's average listing price for 2024-10-01 was $381,561, a difference of $-3,530 (-0.9%) versus the prior year and $-1,033,935 versus the prior month.

For the 2024-10-01 period, Yuma had 442 MLS listings, a difference of 22 listings (5%) versus the prior month and 67 listings (18%) 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 1,585 sqft
2024-02-01 52 days 1,596 sqft
2024-03-01 45 days 1,602 sqft
2024-04-01 42 days 1,602 sqft
2024-05-01 43 days 1,604 sqft
2024-06-01 48 days 1,599 sqft
2024-07-01 53 days 1,582 sqft
2024-08-01 51 days 1,565 sqft
2024-09-01 45 days 1,567 sqft
2024-10-01 43 days 1,566 sqft
Yuma's median listing age (time on market) for 2024-10-01 was 43 days. This is 9% longer than the same period one year ago.

Yuma's median square footage for active listings during the 2024-10-01 period was 1,566 sqft. One year prior, the average listing was 1,666 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.