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 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 6.39% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

Yuma's average VA mortgage closing costs are $5,293.

The average rate for the prior week (2023-01-20) was 6.32% and one month ago for the week of 2022-12-23, the average rate was 6.69%.

The average rate one year ago was 4.09%.

For refis of the same type during the week of 2023-01-27, the average rate was 6.23%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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
LOANDEPOT.COM, LLC 51 2.95% $7,077
UNITED WHOLESALE MORTGAGE, LLC 51 2.50% $5,788
Gateway First Bank 44 2.97% $6,084
VILLAGE CAPITAL MORTGAGE 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
Barrington Bank & Trust Company, N.A. 9 2.76% $3,000
LOANPAL, LLC 9 2.56% $5,223
CROSSCOUNTRY MORTGAGE, LLC 8 3.05% $11,360
Lakeview Community Capital, LLC 8 2.59% $1,715
Low VA Rates, LLC 7 2.34% $3,665
PANORAMA MORTGAGE GROUP, LLC 7 3.25% $8,806
Carrington Mortgage Services, LLC 7 3.50% $3,750
AMERICAN FINANCIAL NETWORK, INC. 6 2.52% $7,198
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.55% $4,849
SUN WEST MORTGAGE COMPANY, INC. 5 2.45% $4,006
BROKER SOLUTIONS, INC. 5 2.55% $5,884
PENTAGON FEDERAL CREDIT UNION 5 2.43% $4,589
AMERISAVE MORTGAGE CORPORATION 5 2.50% $4,658
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
MID AMERICA MORTGAGE, INC. 2 2.50% $1,049
PLANET HOME LENDING, LLC 2 2.69% $10,043
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.06% $3,214
MOVEMENT MORTGAGE, LLC 2 2.81% $956
North American Savings Bank, F.S.B. 2 2.44% $12,027
NATIONS DIRECT MORTGAGE, LLC 2 2.94% $10,282
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
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $5,397
M&T Bank 1 3.13% $8,966
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 MORTGAGE ($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 $190,750 (0.5%) $221,477 (0.2%) 0.71 808
2018-02-01 $195,000 (0.3%) $224,675 (-0.4%) 0.71 785
2018-03-01 $199,000 (-0.2%) $226,501 (-0.3%) 0.70 764
2018-04-01 $199,650 (1.8%) $229,339 (0.5%) 0.68 705
2018-05-01 $208,644 (4.7%) $231,610 (-0.2%) 0.70 650
2018-06-01 $206,000 (3.9%) $230,197 (0.3%) 0.69 629
2018-07-01 $204,725 (2.4%) $229,992 (-1.3%) 0.68 596
2018-08-01 $214,000 (7.1%) $234,217 (0.6%) 0.72 600
2018-09-01 $217,823 (9.0%) $235,099 (1.9%) 0.73 660
2018-10-01 $217,412 (5.0%) $235,345 (2.6%) 0.73 667
2018-11-01 $217,500 (8.8%) $237,673 (6.4%) 0.74 691
2018-12-01 $220,000 (12.9%) $234,428 (6.4%) 0.76 682
2019-01-01 $219,894 (15.3%) $235,169 (6.2%) 0.76 682
2019-02-01 $222,656 (14.2%) $242,111 (7.8%) 0.75 691
2019-03-01 $225,393 (13.3%) $244,265 (7.8%) 0.74 664
2019-04-01 $225,943 (13.2%) $245,535 (7.1%) 0.72 641
2019-05-01 $220,950 (5.9%) $248,128 (7.1%) 0.69 630
2019-06-01 $224,900 (9.2%) $251,253 (9.2%) 0.70 592
2019-07-01 $227,250 (11.0%) $255,935 (11.3%) 0.71 536
2019-08-01 $229,232 (7.1%) $259,246 (10.7%) 0.73 536
2019-09-01 $228,230 (4.8%) $258,342 (9.9%) 0.73 540
2019-10-01 $227,786 (4.8%) $258,805 (10.0%) 0.73 543
2019-11-01 $229,900 (5.7%) $258,435 (8.7%) 0.75 562
2019-12-01 $227,373 (3.4%) $255,971 (9.2%) 0.76 557
2020-01-01 $219,450 (-0.2%) $248,349 (5.6%) 0.73 554
2020-02-01 $224,900 (1.0%) $255,456 (5.5%) 0.74 511
2020-03-01 $239,913 (6.4%) $266,824 (9.2%) 0.75 463
2020-04-01 $237,950 (5.3%) $263,745 (7.4%) 0.74 456
2020-05-01 $239,900 (8.6%) $261,545 (5.4%) 0.73 357
2020-06-01 $232,600 (3.4%) $263,815 (5.0%) 0.68 273
2020-07-01 $242,879 (6.9%) $281,596 (10.0%) 0.70 227
2020-08-01 $229,900 (0.3%) $283,988 (9.5%) 0.66 192
2020-09-01 $227,450 (-0.3%) $293,337 (13.6%) 0.65 196
2020-10-01 $210,900 (-7.4%) $280,488 (8.4%) 0.60 209
2020-11-01 $231,250 (0.6%) $290,486 (12.4%) 0.68 203
2020-12-01 $229,508 (0.9%) $289,280 (13.0%) 0.68 201
2021-01-01 $240,000 (9.4%) $292,939 (18.0%) 0.72 174
2021-02-01 $246,850 (9.8%) $300,892 (17.8%) 0.72 167
2021-03-01 $256,175 (6.8%) $297,043 (11.3%) 0.73 162
2021-04-01 $259,825 (9.2%) $316,337 (19.9%) 0.70 147
2021-05-01 $279,777 (16.6%) $334,109 (27.7%) 0.74 141
2021-06-01 $280,750 (20.7%) $323,557 (22.7%) 0.74 149
2021-07-01 $279,750 (15.2%) $325,386 (15.6%) 0.74 205
2021-08-01 $270,000 (17.4%) $314,157 (10.6%) 0.72 211
2021-09-01 $270,800 (19.1%) $312,230 (6.4%) 0.72 203
2021-10-01 $278,675 (32.1%) $330,913 (18.0%) 0.74 186
2021-11-01 $277,925 (20.2%) $330,804 (13.9%) 0.74 174
2021-12-01 $279,925 (22.0%) $331,357 (14.6%) 0.76 168
2022-01-01 $285,000 (18.8%) $335,603 (14.6%) 0.77 154
2022-02-01 $294,500 (19.3%) $335,767 (11.6%) 0.77 153
2022-03-01 $299,475 (16.9%) $337,745 (13.7%) 0.75 152
2022-04-01 $314,950 (21.2%) $360,808 (14.1%) 0.75 171
2022-05-01 $308,663 (10.3%) $362,514 (8.5%) 0.71 214
2022-06-01 $300,878 (7.2%) $353,138 (9.1%) 0.67 271
2022-07-01 $310,000 (10.8%) $352,826 (8.4%) 0.70 316
2022-08-01 $310,000 (14.8%) $359,189 (14.3%) 0.72 344
2022-09-01 $315,000 (16.3%) $364,217 (16.7%) 0.74 364
2022-10-01 $310,000 (11.2%) $358,573 (8.4%) 0.73 395
2022-11-01 $309,145 (11.2%) $348,920 (5.5%) 0.74 401
2022-12-01 $304,403 (8.7%) $345,384 (4.2%) 0.76 380
Yuma's median listing price for 2022-12-01 was $304,403, a difference of $24,478 (8.7%) versus the prior year and $-4,742 versus the prior month.

Yuma's median listing price comes in at 76% of the national average.

Yuma's average listing price for 2022-12-01 was $345,384, a difference of $14,027 (4.2%) versus the prior year and $-3,536 versus the prior month.

For the 2022-12-01 period, Yuma had 380 MLS listings, a difference of -21 listings (-5%) versus the prior month and 212 listings (126%) 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 1,628 sqft
2018-02-01 81 days 1,630 sqft
2018-03-01 70 days 1,650 sqft
2018-04-01 67 days 1,660 sqft
2018-05-01 71 days 1,700 sqft
2018-06-01 68 days 1,700 sqft
2018-07-01 73 days 1,701 sqft
2018-08-01 74 days 1,699 sqft
2018-09-01 64 days 1,694 sqft
2018-10-01 60 days 1,690 sqft
2018-11-01 63 days 1,689 sqft
2018-12-01 67 days 1,694 sqft
2019-01-01 74 days 1,699 sqft
2019-02-01 72 days 1,699 sqft
2019-03-01 67 days 1,690 sqft
2019-04-01 68 days 1,682 sqft
2019-05-01 72 days 1,665 sqft
2019-06-01 77 days 1,679 sqft
2019-07-01 82 days 1,696 sqft
2019-08-01 74 days 1,696 sqft
2019-09-01 63 days 1,675 sqft
2019-10-01 56 days 1,665 sqft
2019-11-01 59 days 1,660 sqft
2019-12-01 68 days 1,660 sqft
2020-01-01 74 days 1,638 sqft
2020-02-01 78 days 1,660 sqft
2020-03-01 63 days 1,689 sqft
2020-04-01 70 days 1,654 sqft
2020-05-01 72 days 1,666 sqft
2020-06-01 75 days 1,609 sqft
2020-07-01 58 days 1,670 sqft
2020-08-01 49 days 1,634 sqft
2020-09-01 37 days 1,606 sqft
2020-10-01 31 days 1,552 sqft
2020-11-01 44 days 1,563 sqft
2020-12-01 42 days 1,538 sqft
2021-01-01 50 days 1,552 sqft
2021-02-01 33 days 1,569 sqft
2021-03-01 26 days 1,606 sqft
2021-04-01 25 days 1,688 sqft
2021-05-01 29 days 1,718 sqft
2021-06-01 29 days 1,669 sqft
2021-07-01 25 days 1,602 sqft
2021-08-01 31 days 1,570 sqft
2021-09-01 39 days 1,553 sqft
2021-10-01 44 days 1,553 sqft
2021-11-01 36 days 1,555 sqft
2021-12-01 41 days 1,549 sqft
2022-01-01 33 days 1,595 sqft
2022-02-01 22 days 1,570 sqft
2022-03-01 22 days 1,600 sqft
2022-04-01 22 days 1,657 sqft
2022-05-01 24 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 43 days 1,662 sqft
2022-10-01 46 days 1,609 sqft
2022-11-01 52 days 1,575 sqft
2022-12-01 62 days 1,569 sqft
Yuma's median listing age (time on market) for 2022-12-01 was 62 days. This is 50% longer than the same period one year ago.

Yuma's median square footage for active listings during the 2022-12-01 period was 1,569 sqft. One year prior, the average listing was 1,549 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.