Arkansas VA Loan Rates, Closing Costs & Stats

Arkansas

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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.

    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.