Arkansas VA Loan Rates, Closing Costs & Stats

Arkansas

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.

Arkansas VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Arkansas averaged 6.42% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

Arkansas's average VA mortgage closing costs are $4,750.

The average rate for the prior week (2023-05-19) was 5.84% and one month ago for the week of 2023-04-21, the average rate was 5.76%.

The average rate one year ago was 5.03%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.52%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Arkansas 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 Arkansas level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 978 5.11% $5,470
QUICKEN LOANS, LLC 418 4.23% $8,524
USAA Federal Savings Bank 224 4.47% $6,185
NEW DAY FINANCIAL, LLC 202 5.27% $9,081
FREEDOM MORTGAGE CORPORATION 198 4.50% $10,007
NAVY FEDERAL CREDIT UNION 178 3.98% $5,376
FirstTrust Home Loans, Inc. 173 5.06% $6,654
PENNYMAC LOAN SERVICES, LLC 146 3.45% $6,454
Arvest Bank 144 4.71% $6,849
FLAT BRANCH MORTGAGE, INC. 132 5.12% $7,628
Eagle Bank and Trust Company 125 4.90% $7,894
UNITED WHOLESALE MORTGAGE, LLC 99 4.47% $6,630
LOANDEPOT.COM, LLC 86 4.41% $9,217
Mr. Cooper ( Nationstar Mortgage ) 82 5.04% $7,227
Bank of England 81 4.67% $6,897
BANK OF LITTLE ROCK MORTGAGE CORPORATION 69 4.24% $6,412
Centennial Bank 65 4.63% $7,247
SENTE MORTGAGE, INC. 60 4.87% $8,964
The Federal Savings Bank 58 4.70% $13,462
GUARANTEED RATE, INC. 57 4.97% $6,227
CORNERSTONE HOME LENDING, INC. 56 5.51% $5,546
MORTGAGE FINANCIAL SERVICES, LLC 55 5.21% $7,456
Gateway First Bank 54 4.64% $6,979
First Horizon Bank 53 4.54% $7,631
AMERISAVE MORTGAGE CORPORATION 52 4.40% $10,755
COMMUNITY MORTGAGE CORPORATION 52 4.60% $8,369
CALIBER HOME LOANS, INC. 52 4.58% $7,415
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 49 5.08% $7,740
DAS Acquisition Company, LLC 48 5.23% $5,634
Barrington Bank & Trust Company, N.A. 48 4.65% $7,063
BROKER SOLUTIONS, INC. 45 4.86% $8,361
EVERETT FINANCIAL, INC. 44 5.47% $4,507
MORTGAGE SOLUTIONS OF COLORADO, LLC 43 5.83% $6,511
SWBC MORTGAGE CORPORATION 42 5.02% $6,662
Priority Bank 41 4.96% $7,775
VILLAGE CAPITAL MORTGAGE 39 4.01% $6,511
ARKANSAS Federal Credit Union 37 3.96% $5,792
NEWREZ LLC 33 4.17% $7,500
Chambers Bank 31 4.59% $9,256
Wells Fargo Bank 31 4.08% $4,717
Simmons Bank 31 4.65% $5,923
Regions Bank 28 5.34% $7,089
ENCORE BANK 28 4.38% $5,552
CLEARPATH LENDING 27 3.78% $7,544
First Community Bank 27 4.53% $5,393
ARK-LA-TEX FINANCIAL SERVICES, LLC. 26 4.59% $8,701
GUILD MORTGAGE COMPANY 25 4.71% $7,153
CARDINAL FINANCIAL 25 4.46% $9,942
Flagstar Bank, FSB 23 4.37% $7,344
PENTAGON FEDERAL CREDIT UNION 23 3.97% $6,370
Firstar Bank 22 4.53% $5,162
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 22 4.55% $5,447
U.S. Bank 21 4.41% $6,501
Paramount Residential Mortgage Group, Inc. 21 4.86% $9,237
First Financial Bank 19 4.59% $6,946
Low VA Rates, LLC 19 4.39% $13,341
CROSSCOUNTRY MORTGAGE, LLC 19 5.60% $5,565
LAKEVIEW LOAN SERVICING, LLC 19 3.48% $2,851
Citizens Bank 19 3.85% $5,509
First Security Bank 18 4.13% $7,940
PRIMARY RESIDENTIAL MORTGAGE, INC. 16 5.55% $6,227
Nations Lending Corporation 16 5.65% $9,563
Mid-Continent Funding, Inc. 16 5.10% $6,612
NBKC BANK 15 4.19% $5,887
PRIMELENDING, A PLAINSCAPITAL COMPANY 15 4.55% $4,724
Carrington Mortgage Services, LLC 14 4.71% $8,998
Armed Forces Bank 14 4.32% $8,219
HOME POINT FINANCIAL CORPORATION 14 4.66% $8,374
GERSHMAN INVESTMENT CORP. 13 5.20% $5,030
TJC Mortgage, Inc. 13 4.59% $3,459
LEADERONE FINANCIAL CORPORATION 13 4.74% $7,923
Magnolia Bank 13 4.56% $12,020
The Central Trust Bank 11 4.38% $5,946
Plains Commerce Bank 11 4.83% $7,006
UNION HOME MORTGAGE CORP. 11 5.45% $6,346
PLANET HOME LENDING, LLC 10 4.23% $7,612
FIRST COMMUNITY MORTGAGE, INC. 10 4.46% $6,548
GENEVA FINANCIAL, LLC 10 5.55% $7,854
GMFS LLC 10 4.06% $7,315
FIRST WESTERN MORTGAGE, INC. 9 4.85% $4,652
S1L, Inc. 9 5.39% $11,845
LOANPAL, LLC 9 4.92% $11,606
MUTUAL OF OMAHA MORTGAGE, INC. 9 4.19% $8,920
MORTGAGE INVESTORS GROUP, INC. 8 5.27% $5,570
North American Savings Bank, F.S.B. 8 4.42% $9,872
RELIANCE FIRST CAPITAL, LLC 8 4.61% $10,345
BancorpSouth Bank 7 3.55% $8,358
SOUTHWEST STAGE FUNDING, LLC 7 5.61% $4,658
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 5.23% $8,223
CMG MORTGAGE, INC. 7 4.75% $7,874
First Federal Bank 7 5.84% $9,381
PILGRIM MORTGAGE LLC 7 5.70% $9,437
ZILLOW HOME LOANS, LLC 6 4.73% $7,702
AMERICAN FINANCING CORPORATION 6 4.40% $9,048
AMERICAN PACIFIC MORTGAGE CORPORATION 6 4.67% $8,501
BNC National Bank 6 4.17% $7,602
First Guaranty Mortgage Corporation 6 3.58% $5,682
Sierra Pacific Mortgage Company, Inc. 6 5.44% $6,620
Texana Bank 6 4.60% $8,807
United Fidelity Funding Corp. 5 5.30% $11,022
PHH Mortgage Corporation 5 4.83% $5,790
The Home Loan Expert LLC 5 4.35% $6,575
MOVEMENT MORTGAGE, LLC 5 4.20% $8,005
Bank of America 5 4.65% $4,217
AMCAP MORTGAGE, LTD. 5 4.90% $7,673
FIRST COLONY MORTGAGE CORPORATION 5 4.23% $12,447
M&T Bank 5 4.33% $5,550
PINE BLUFF COTTON BELT Federal Credit Union 4 5.91% $2,239
Network Funding, L.P. 4 5.53% $5,362
Evolve Bank & Trust 4 5.44% $10,870
EMBRACE HOME LOANS, INC. 4 4.63% $10,489
NFM, INC. 4 5.31% $8,804
Armstrong Bank 4 4.16% $5,545
MID AMERICA MORTGAGE, INC. 4 4.63% $4,729
WILLOW BEND MORTGAGE COMPANY, LLC 4 4.19% $5,699
SUN WEST MORTGAGE COMPANY, INC. 4 3.86% $7,609
SOVEREIGN LENDING GROUP INCORPORATED 4 4.06% $11,617
Farmers Bank & Trust Company 3 5.66% $11,172
BOKF 3 4.29% $8,115
Century Mortgage Company DBA Century Lending Company 3 4.08% $5,602
CHURCHILL MORTGAGE CORPORATION 3 5.17% $12,667
POLARIS HOME FUNDING CORP. 3 5.08% $9,531
VANDERBILT MORTGAGE AND FINANCE, INC. 3 4.50% $14,640
ACADEMY MORTGAGE CORPORATION 3 5.88% $2,974
ASSOCIATED MORTGAGE CORPORATION 3 6.00% $16,170
PLAZA HOME MORTGAGE, INC. 3 4.50% $9,087
United Bank 3 4.08% $17,559
MASON MCDUFFIE MORTGAGE CORPORATION 2 4.88% $5,139
Hometown Lenders, Inc. 2 4.50% $22,762
JPMorgan Chase Bank 2 3.50% $2,329
Lakeview Community Capital, LLC 2 3.94% $4,180
HOMESTAR FINANCIAL CORPORATION 2 5.75% $7,840
First United Bank and Trust Company 2 5.06% $2,283
First Financial Bank 2 4.31% $15,554
FINANCE OF AMERICA MORTGAGE LLC 2 4.87% $10,247
NexBank 2 4.19% $2,666
Northpointe Bank 2 3.44% $7,703
DHI MORTGAGE COMPANY, LTD. 2 5.13% $3,068
Pinnacle Bank 2 5.38% $3,687
CRESCENT MORTGAGE COMPANY 2 4.06% $4,177
PREMIA MORTGAGE, LLC 2 4.13% $3,807
Colonial Savings, F.A. 2 5.56% $18,344
Prosperity Home Mortgage, LLC 2 5.81% $10,423
Renasant Bank 2 5.00% $7,829
RESIDENTIAL BANCORP. 2 3.37% $3,967
ROYAL UNITED MORTGAGE LLC 2 5.50% $10,254
Bell Bank 2 4.19% $4,765
Wyndham Capital Mortgage, Inc. 2 5.06% $8,081
BAY EQUITY LLC 2 6.00% $10,800
STOCKTON MORTGAGE CORPORATION 2 6.00% $10,704
TOP FLITE FINANCIAL, INC. 2 5.50% $2,756
Trustmark National Bank 2 3.56% $4,649
AMERICAN MORTGAGE SERVICE COMPANY 2 6.38% $5,178
Great Southern Bank 1 5.88% $1,121
MORTGAGEONE, INC. 1 6.00% $153
CHERRY CREEK MORTGAGE, LLC 1 5.75% $2,140
GUARANTEED RATE AFFINITY, LLC 1 3.68% $12,528
CHARTER WEST BANK 1 5.63% $5,508
First National Bank Texas 1 6.50% $235
Capital Bank 1 4.75% $5,712
AMERICAN INTERNET MORTGAGE, INC. 1 3.38% $7,735
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $4,811
GSF Mortgage Corporation 1 4.50% $12,127
RUOFF MORTGAGE COMPANY, INC. 1 5.38% $8,171
First Option Mortgage, LLC 1 4.00% $13,157
VERITAS FUNDING, LLC 1 5.25% $9,857
KELLER MORTGAGE, LLC 1 5.25% $4,143
Signature Bank of Arkansas 1 2.75% $2,556
Access Bank 1 6.63% $12,243
SIRVA MORTGAGE, INC. 1 4.88% $13,140
BARTLETT MORTGAGE, INC. 1 4.50% $2,347
MORTGAGE ACCESS CORP. 1 4.25% $12,060
Springfield First Community Bank 1 4.25% $2,077
STANDARD MORTGAGE CORPORATION 1 3.13% $19,965
State Bank of De Kalb 1 3.38% $391
West Gate Bank 1 5.00% $13,978
Stride Bank 1 4.00% $39,770
Strong Home Mortgage, LLC 1 2.75% $14,552
Sunflower Bank 1 3.99% $6,885
MORIA DEVELOPMENT, INC. 1 5.50% $5,198
BARKSDALE 1 5.63% $4,404
MEMBER FIRST MORTGAGE, LLC 1 4.63% $2,452
First Western Trust Bank 1 6.63% $948
Flanagan State Bank 1 4.13% $7,658
LOANPEOPLE, LLC 1 6.25% $9,910
THRIVE MORTGAGE, LLC 1 5.63% $17,325
F & M Bank 1 4.75% $4,618
INTERLINC MORTGAGE SERVICES, LLC 1 6.75% $14,510
Total Media Management, LLC 1 5.00% $2,068
TOWNE MORTGAGE COMPANY 1 3.25% $4,785
Equity Prime Mortgage LLC 1 6.25% $1,546
Truist 1 3.50% $2,056
OPEN MORTGAGE, LLC 1 5.00% $4,084
Paramount Bank 1 4.75% $3,633
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $2,774
DIRECT MORTGAGE, CORP. 1 5.63% $12,242
GUARANTY HOME MORTGAGE CORPORATION 1 5.00% $4,837
NBH Bank 1 2.75% $2,272
DELMAR FINANCIAL COMPANY 1 5.75% $2,884
Financial Federal Bank 1 3.00% $2,325
Ameris Bank 1 3.63% $8,956
UNITED 1 4.00% $8,162
Community First National Bank 1 4.75% $4,553
First Federal Bank of Kansas City 1 2.88% $8,464
PNC Bank 1 5.00% $20,369
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 7.25% $0
GOLDENWEST 1 5.00% $9,735

The top Arkansas VA lender as defined by loan originations is Mortgage Research Center, LLC, with 978 VA loans originated. Their average total fees are $5,470, which is $3,054 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Arkansas VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,851), TJC Mortgage, Inc. ($3,459), EVERETT FINANCIAL, INC. ($4,507), Wells Fargo Bank ($4,717) and PRIMELENDING, A PLAINSCAPITAL COMPANY ($4,724).

The lowest rate Arkansas VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.45%), LAKEVIEW LOAN SERVICING, LLC (3.48%), CLEARPATH LENDING (3.78%), Citizens Bank (3.85%) and ARKANSAS Federal Credit Union (3.96%).

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.