Columbia VA Loans
COLUMBIA, MO
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.
Columbia's 59 lenders originated 677 VA loans during 2021. The total origination value was $160,945,000, with an average VA loan value of $237,733.
Columbia VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Columbia
averaged
5.49%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.72% and
one month ago for the week of 2022-04-08, the
average rate was 5.04%.
The average rate one year ago was 2.86%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.49%.
Columbia 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 Columbia level.
The top Columbia VA lender as defined by loan originations is Mortgage Research Center, LLC, with
238 VA loans originated. Their average total fees are
$4,136, which is $398
higher than the next largest lender,
FLAT BRANCH MORTGAGE, INC..
The lowest fee Columbia VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($1,316), CALIBER HOME LOANS, INC. ($2,108), VILLAGE CAPITAL & INVESTMENT LLC ($2,517), USAA Federal Savings Bank ($3,142) and NEW DAY FINANCIAL, LLC ($3,550).
The lowest rate Columbia VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION (2.39%), FREEDOM MORTGAGE CORPORATION (2.45%), PENNYMAC LOAN SERVICES, LLC (2.47%), QUICKEN LOANS, LLC (2.56%) and CALIBER HOME LOANS, INC. (2.58%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Columbia (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $229,400 (5.1%) | $284,052 (4.1%) | 0.84 | 719 |
2018-02-01 | $232,450 (3.3%) | $288,106 (1.4%) | 0.84 | 721 |
2018-03-01 | $241,900 (0.4%) | $291,176 (-0.8%) | 0.84 | 790 |
2018-04-01 | $251,950 (-1.2%) | $298,021 (-1.2%) | 0.85 | 819 |
2018-05-01 | $263,850 (3.0%) | $301,694 (-2.7%) | 0.88 | 867 |
2018-06-01 | $259,000 (0.7%) | $302,105 (-4.1%) | 0.86 | 867 |
2018-07-01 | $249,950 (0.0%) | $300,210 (-1.5%) | 0.83 | 873 |
2018-08-01 | $247,450 (2.7%) | $295,407 (-0.8%) | 0.83 | 916 |
2018-09-01 | $243,000 (5.7%) | $286,152 (-0.9%) | 0.81 | 971 |
2018-10-01 | $239,450 (4.2%) | $283,217 (-1.7%) | 0.80 | 1,021 |
2018-11-01 | $236,950 (4.9%) | $279,959 (-1.2%) | 0.79 | 945 |
2018-12-01 | $237,900 (3.5%) | $282,741 (0.8%) | 0.81 | 871 |
2019-01-01 | $238,950 (4.2%) | $289,714 (2.0%) | 0.82 | 774 |
2019-02-01 | $237,200 (2.0%) | $289,643 (0.5%) | 0.79 | 787 |
2019-03-01 | $246,671 (2.0%) | $297,924 (2.3%) | 0.80 | 772 |
2019-04-01 | $255,371 (1.4%) | $306,933 (3.0%) | 0.80 | 753 |
2019-05-01 | $255,900 (-3.0%) | $305,090 (1.1%) | 0.79 | 772 |
2019-06-01 | $250,000 (-3.5%) | $309,050 (2.3%) | 0.77 | 785 |
2019-07-01 | $252,450 (1.0%) | $310,071 (3.3%) | 0.78 | 796 |
2019-08-01 | $252,586 (2.1%) | $303,900 (2.9%) | 0.79 | 763 |
2019-09-01 | $249,700 (2.8%) | $301,740 (5.5%) | 0.79 | 722 |
2019-10-01 | $249,950 (4.4%) | $303,641 (7.2%) | 0.80 | 722 |
2019-11-01 | $249,900 (5.5%) | $303,373 (8.4%) | 0.81 | 692 |
2019-12-01 | $246,000 (3.4%) | $304,698 (7.8%) | 0.82 | 617 |
2020-01-01 | $243,500 (1.9%) | $301,679 (4.1%) | 0.81 | 550 |
2020-02-01 | $249,900 (5.4%) | $306,067 (5.7%) | 0.81 | 517 |
2020-03-01 | $254,900 (3.3%) | $314,035 (5.4%) | 0.80 | 536 |
2020-04-01 | $275,500 (7.9%) | $330,197 (7.6%) | 0.86 | 488 |
2020-05-01 | $272,000 (6.3%) | $326,578 (7.0%) | 0.82 | 461 |
2020-06-01 | $282,400 (13.0%) | $345,939 (11.9%) | 0.82 | 448 |
2020-07-01 | $290,000 (14.9%) | $353,155 (13.9%) | 0.83 | 424 |
2020-08-01 | $285,000 (12.8%) | $344,989 (13.5%) | 0.81 | 416 |
2020-09-01 | $277,950 (11.3%) | $329,345 (9.2%) | 0.79 | 389 |
2020-10-01 | $255,000 (2.0%) | $323,195 (6.4%) | 0.73 | 375 |
2020-11-01 | $247,000 (-1.2%) | $326,366 (7.6%) | 0.71 | 359 |
2020-12-01 | $251,150 (2.1%) | $341,750 (12.2%) | 0.74 | 315 |
2021-01-01 | $259,900 (6.7%) | $368,780 (22.2%) | 0.76 | 233 |
2021-02-01 | $252,500 (1.0%) | $393,501 (28.6%) | 0.73 | 188 |
2021-03-01 | $274,900 (7.9%) | $380,647 (21.2%) | 0.77 | 199 |
2021-04-01 | $299,500 (8.7%) | $390,734 (18.3%) | 0.80 | 179 |
2021-05-01 | $275,000 (1.1%) | $370,606 (13.5%) | 0.72 | 213 |
2021-06-01 | $282,450 (0.0%) | $380,274 (9.9%) | 0.73 | 255 |
2021-07-01 | $279,900 (-3.5%) | $357,895 (1.3%) | 0.73 | 307 |
2021-08-01 | $269,950 (-5.3%) | $350,189 (1.5%) | 0.71 | 305 |
2021-09-01 | $264,450 (-4.9%) | $341,650 (3.7%) | 0.70 | 297 |
2021-10-01 | $279,900 (9.8%) | $351,658 (8.8%) | 0.74 | 292 |
2021-11-01 | $279,900 (13.3%) | $355,898 (9.1%) | 0.74 | 250 |
2021-12-01 | $286,950 (14.3%) | $362,160 (6.0%) | 0.77 | 220 |
2022-01-01 | $331,600 (27.6%) | $384,179 (4.2%) | 0.88 | 161 |
2022-02-01 | $337,500 (33.7%) | $403,448 (2.5%) | 0.86 | 150 |
2022-03-01 | $317,450 (15.5%) | $400,540 (5.2%) | 0.78 | 170 |
2022-04-01 | $349,000 (16.5%) | $419,068 (7.3%) | 0.82 | 188 |
Columbia's median listing price comes in at 82% of the national average.
Columbia's average listing price for 2022-04-01 was $419,068, a difference of $28,334 (7.3%) versus the prior year and $18,528 versus the prior month.
For the 2022-04-01 period, Columbia had 188 MLS listings, a difference of 18 listings (11%) versus the prior month and 9 listings (5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Columbia (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 78 days | 2,001 sqft |
2018-02-01 | 70 days | 2,042 sqft |
2018-03-01 | 53 days | 2,092 sqft |
2018-04-01 | 45 days | 2,211 sqft |
2018-05-01 | 49 days | 2,269 sqft |
2018-06-01 | 56 days | 2,257 sqft |
2018-07-01 | 64 days | 2,265 sqft |
2018-08-01 | 65 days | 2,214 sqft |
2018-09-01 | 63 days | 2,166 sqft |
2018-10-01 | 66 days | 2,156 sqft |
2018-11-01 | 77 days | 2,110 sqft |
2018-12-01 | 89 days | 2,078 sqft |
2019-01-01 | 99 days | 2,002 sqft |
2019-02-01 | 93 days | 1,992 sqft |
2019-03-01 | 45 days | 2,094 sqft |
2019-04-01 | 40 days | 2,200 sqft |
2019-05-01 | 48 days | 2,210 sqft |
2019-06-01 | 56 days | 2,235 sqft |
2019-07-01 | 57 days | 2,141 sqft |
2019-08-01 | 66 days | 2,137 sqft |
2019-09-01 | 66 days | 2,140 sqft |
2019-10-01 | 63 days | 2,153 sqft |
2019-11-01 | 67 days | 2,090 sqft |
2019-12-01 | 76 days | 2,043 sqft |
2020-01-01 | 85 days | 1,920 sqft |
2020-02-01 | 62 days | 1,942 sqft |
2020-03-01 | 40 days | 1,957 sqft |
2020-04-01 | 45 days | 2,100 sqft |
2020-05-01 | 52 days | 2,142 sqft |
2020-06-01 | 39 days | 2,126 sqft |
2020-07-01 | 41 days | 2,090 sqft |
2020-08-01 | 42 days | 2,112 sqft |
2020-09-01 | 44 days | 1,993 sqft |
2020-10-01 | 39 days | 1,945 sqft |
2020-11-01 | 39 days | 1,872 sqft |
2020-12-01 | 54 days | 1,867 sqft |
2021-01-01 | 62 days | 1,869 sqft |
2021-02-01 | 28 days | 1,882 sqft |
2021-03-01 | 18 days | 1,885 sqft |
2021-04-01 | 23 days | 2,103 sqft |
2021-05-01 | 15 days | 1,955 sqft |
2021-06-01 | 20 days | 1,966 sqft |
2021-07-01 | 22 days | 2,046 sqft |
2021-08-01 | 30 days | 1,930 sqft |
2021-09-01 | 32 days | 1,907 sqft |
2021-10-01 | 35 days | 1,994 sqft |
2021-11-01 | 37 days | 1,945 sqft |
2021-12-01 | 53 days | 1,956 sqft |
2022-01-01 | 53 days | 2,030 sqft |
2022-02-01 | 26 days | 1,943 sqft |
2022-03-01 | 16 days | 2,033 sqft |
2022-04-01 | 15 days | 2,094 sqft |
Columbia's median square footage for active listings during the 2022-04-01 period was 2,094 sqft. One year prior, the average listing was 2,103 sqft.