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 6.74% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Arkansas's average VA mortgage closing costs are $4,989.

    The average rate for the prior week (2024-11-01) was 6.4% and one month ago for the week of 2024-10-04, the average rate was 5.72%.

    The average rate one year ago was 7.58%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.55%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 890 6.78% $4,897
    QUICKEN LOANS, LLC 250 6.23% $9,560
    NAVY FEDERAL CREDIT UNION 162 5.83% $4,871
    Arvest Bank 149 6.52% $5,624
    FirstTrust Home Loans, Inc. 125 6.79% $6,569
    FLAT BRANCH MORTGAGE, INC. 121 6.67% $8,178
    USAA Federal Savings Bank 101 6.41% $7,598
    NEW DAY FINANCIAL, LLC 99 7.64% $9,972
    UNITED WHOLESALE MORTGAGE, LLC 88 6.52% $7,922
    FREEDOM MORTGAGE CORPORATION 84 6.55% $13,589
    PENNYMAC LOAN SERVICES, LLC 76 5.60% $6,222
    Eagle Bank and Trust Company 74 6.27% $6,264
    The Federal Savings Bank 62 6.36% $15,338
    Bank of England 57 6.37% $7,546
    CORNERSTONE HOME LENDING, INC. 56 6.58% $4,978
    MORTGAGE SOLUTIONS OF COLORADO, LLC 47 7.56% $4,026
    SWBC MORTGAGE CORPORATION 47 6.63% $5,961
    LOANDEPOT.COM, LLC 47 6.27% $9,630
    GUARANTEED RATE, INC. 45 6.61% $4,573
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 44 6.79% $8,013
    SENTE MORTGAGE, INC. 44 6.90% $8,794
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 42 6.34% $5,678
    Centennial Bank 39 6.27% $7,196
    Mr. Cooper ( Nationstar Mortgage ) 38 6.06% $10,705
    DAS Acquisition Company, LLC 35 7.06% $3,732
    EVERETT FINANCIAL, INC. 35 6.84% $6,336
    MORTGAGE FINANCIAL SERVICES, LLC 34 6.58% $5,716
    First Horizon Bank 34 6.29% $7,045
    CROSSCOUNTRY MORTGAGE, LLC 34 6.91% $8,461
    COMMUNITY MORTGAGE CORPORATION 33 6.64% $7,836
    EUSTIS AND AMERICAN MORTGAGE COMPANY 33 6.91% $5,504
    BROKER SOLUTIONS, INC. 33 6.54% $6,624
    Priority Bank 32 6.19% $8,199
    VILLAGE CAPITAL MORTGAGE 31 5.97% $7,047
    NEWREZ LLC 30 6.67% $7,460
    ARKANSAS Federal Credit Union 30 6.55% $6,209
    First Community Bank 29 6.44% $5,685
    PENTAGON FEDERAL CREDIT UNION 27 5.68% $6,894
    Chambers Bank 26 6.10% $8,364
    GERSHMAN INVESTMENT CORP. 25 6.03% $5,318
    Barrington Bank & Trust Company, N.A. 25 6.38% $8,065
    First Financial Bank 23 6.54% $6,736
    Gateway First Bank 23 6.62% $8,870
    Sierra Pacific Mortgage Company, Inc. 23 6.67% $7,675
    Firstar Bank 22 6.19% $6,348
    Simmons Bank 21 6.46% $7,011
    AMERISAVE MORTGAGE CORPORATION 20 5.94% $15,471
    First Security Bank 19 6.28% $4,086
    Regions Bank 18 6.08% $5,789
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 6.65% $4,587
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 17 6.85% $10,557
    U.S. Bank 16 6.53% $4,518
    Plains Commerce Bank 15 6.11% $10,160
    NBKC BANK 15 6.18% $8,816
    DHI MORTGAGE COMPANY, LTD. 14 5.97% $5,377
    Citizens Bank 13 6.21% $6,453
    Mid-Continent Funding, Inc. 13 6.52% $7,193
    ENCORE BANK 12 6.26% $8,574
    Paramount Residential Mortgage Group, Inc. 12 6.13% $8,657
    GUILD MORTGAGE COMPANY 11 6.91% $7,325
    MOVEMENT MORTGAGE, LLC 11 6.93% $4,546
    First Federal Bank 11 6.26% $10,618
    LEADERONE FINANCIAL CORPORATION 10 6.69% $8,563
    CARDINAL FINANCIAL 10 6.68% $9,057
    Armed Forces Bank 10 5.94% $8,920
    LAKEVIEW LOAN SERVICING, LLC 10 6.39% $9,070
    GMFS LLC 9 6.54% $7,060
    Wells Fargo Bank 9 6.21% $5,894
    LOANPAL, LLC 9 5.94% $10,679
    Nations Lending Corporation 9 6.44% $6,925
    SECURITYNATIONAL MORTGAGE COMPANY 8 6.44% $8,622
    SOUTHWEST STAGE FUNDING, LLC 7 6.52% $68
    UNION HOME MORTGAGE CORP. 7 6.46% $5,882
    BancorpSouth 7 6.55% $5,235
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.71% $5,085
    ASSOCIATED MORTGAGE CORPORATION 7 5.86% $10,651
    Equity Prime Mortgage LLC 7 7.16% $4,785
    JPMorgan Chase Bank 7 6.43% $2,487
    MUTUAL OF OMAHA MORTGAGE, INC. 6 6.46% $15,897
    PILGRIM MORTGAGE LLC 6 6.88% $4,380
    ACADEMY MORTGAGE CORPORATION 6 6.88% $6,826
    Magnolia Bank 6 6.35% $13,836
    RELIANCE FIRST CAPITAL, LLC 6 6.29% $14,952
    Renasant Bank 5 6.53% $8,832
    GENEVA FINANCIAL, LLC 5 6.98% $4,439
    NFM, INC. 5 6.30% $8,346
    FIRST WESTERN MORTGAGE, INC. 5 6.38% $3,884
    TJC Mortgage, Inc. 5 5.58% $9,187
    The Central Trust Bank 5 6.50% $8,593
    FIRST COMMUNITY MORTGAGE, INC. 5 6.75% $6,904
    MORTGAGEONE, INC. 5 6.50% $4,862
    PLANET HOME LENDING, LLC 5 6.03% $7,841
    MORTGAGE INVESTORS GROUP, INC. 5 6.25% $6,511
    VERITAS FUNDING, LLC 5 6.72% $19,739
    Flagstar Bank, FSB 4 5.72% $16,787
    AMCAP MORTGAGE, LTD. 4 6.81% $6,247
    AMERICAN FINANCIAL NETWORK, INC. 4 6.91% $2,604
    BNC National Bank 4 5.78% $12,833
    CHURCHILL MORTGAGE CORPORATION 4 6.44% $8,010
    Midwest Mortgage Associates Corporation 4 6.62% $5,635
    POLARIS HOME FUNDING CORP. 4 6.25% $10,728
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 7.13% $6,552
    STOCKTON MORTGAGE CORPORATION 4 6.31% $10,580
    UNITED 4 6.59% $5,517
    United Fidelity Funding Corp. 4 6.19% $7,833
    CMG MORTGAGE, INC. 3 6.63% $6,533
    Carrington Mortgage Services, LLC 3 6.33% $6,836
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.92% $4,577
    ON Q FINANCIAL, INC. 3 7.08% $5,661
    SUN WEST MORTGAGE COMPANY, INC. 3 6.00% $12,252
    OPEN MORTGAGE, LLC 3 6.04% $12,985
    PINE BLUFF COTTON BELT Federal Credit Union 3 6.54% $5,559
    BOKF 3 5.96% $7,292
    TOP FLITE FINANCIAL, INC. 3 6.92% $16,873
    ROYAL UNITED MORTGAGE LLC 3 6.17% $26,860
    S1L, Inc. 3 6.25% $9,147
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.38% $9,730
    Community First National Bank 3 6.67% $4,837
    Colonial Savings, F.A. 3 6.67% $14,227
    MID AMERICA MORTGAGE, INC. 3 6.67% $3,869
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.19% $15,285
    Century Mortgage Company DBA Century Lending Company 2 7.13% $125
    Old National Bank 2 5.37% $6,937
    Great Southern Bank 2 6.37% $2,050
    First Savings Bank 2 7.00% $14,020
    GoPrime Mortgage, Inc. 2 6.25% $3,188
    Union Savings Bank 2 6.38% $161
    AMERICAN FINANCING CORPORATION 2 6.06% $11,337
    Capital Bank 2 5.69% $7,751
    Lakeview Community Capital, LLC 2 6.00% $6,845
    CALCON MUTUAL MORTGAGE LLC 2 7.50% $2,886
    WILLOW BEND MORTGAGE COMPANY, LLC 2 7.44% $5,944
    THRIVE MORTGAGE, LLC 2 7.38% $2,474
    FirstBank 2 6.56% $5,243
    Servion, Inc. 2 6.56% $9,506
    CALIBER HOME LOANS, INC. 1 6.75% $14,208
    The Union Bank Company 1 5.75% $3,346
    TIB The Independent Bankersbank 1 6.25% $11,093
    Trustmark National Bank 1 6.25% $6,769
    Bank of America 1 6.25% $1,803
    Alerus Financial 1 6.25% $9,062
    United Bank 1 7.75% $3,015
    Armstrong Bank 1 6.25% $3,805
    AMERICAN INTERNET MORTGAGE, INC. 1 5.75% $8,434
    Mortgage Assurance Inc. 1 6.25% $33,377
    MORTGAGE ACCESS CORP. 1 6.13% $13,804
    INTERLINC MORTGAGE SERVICES, LLC 1 6.75% $9,200
    Ixonia Bank 1 7.63% $3,654
    HOMESIDE FINANCIAL, LLC 1 5.75% $3,567
    NBH Bank 1 6.25% $10,245
    NETWORK CAPITAL FUNDING CORPORATION 1 6.75% $5,470
    Network Funding, L.P. 1 6.25% $1,965
    Hancock Whitney Bank 1 7.13% $2,458
    GSF Mortgage Corporation 1 6.63% $12,057
    North American Savings Bank, F.S.B. 1 6.25% $7,201
    Origin Bank 1 6.25% $56
    Patriot Bank 1 5.25% $3,274
    Goldwater Bank, N.A. 1 7.25% $8,698
    PHH Mortgage Corporation 1 7.63% $6,078
    First Option Mortgage, LLC 1 7.25% $10,541
    Fidelity Bank 1 7.25% $2,344
    PLAZA HOME MORTGAGE, INC. 1 6.75% $25,022
    PNC Bank 1 7.00% $1,764
    PREMIA MORTGAGE, LLC 1 5.63% $3,863
    Farmers Bank & Trust Company 1 6.13% $12,050
    Farmers Bank & Trust 1 5.13% $1,958
    Prosperity Home Mortgage, LLC 1 7.25% $4,515
    Evolve Bank & Trust 1 6.75% $4,305
    Equity Bank 1 6.13% $7,241
    ENDEAVOR CAPITAL, LLC. 1 6.38% $4,775
    Encompass Lending Group, LP 1 7.00% $6,267
    SeaTrust Mortgage Company 1 6.75% $6,574
    Signature Bank of Arkansas 1 7.25% $12,637
    SIRVA MORTGAGE, INC. 1 7.00% $7,837
    State Bank of De Kalb 1 6.25% $9,985
    V.I.P. MORTGAGE, INC. 1 6.75% $1,213
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $2,894

    The top Arkansas VA lender as defined by loan originations is Mortgage Research Center, LLC, with 890 VA loans originated. Their average total fees are $4,897, which is $4,663 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Arkansas VA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC ($3,732), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,026), First Security Bank ($4,086), U.S. Bank ($4,518) and MOVEMENT MORTGAGE, LLC ($4,546).

    The lowest rate Arkansas VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.60%), PENTAGON FEDERAL CREDIT UNION (5.68%), NAVY FEDERAL CREDIT UNION (5.83%), Armed Forces Bank (5.94%) and AMERISAVE MORTGAGE CORPORATION (5.94%).

    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.