Yuma VA Loans

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 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.