Columbia VA Loan Rates, Closing Costs & Stats

COLUMBIA, MO

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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.

    Columbia's 46 lenders originated 303 VA loans during 2024. The total origination value was $97,505,000, with an average VA loan value of $321,799.

    Columbia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Columbia averaged 0.43% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Columbia's average VA mortgage closing costs are $4,617.

    The average rate for the prior week (2025-06-13) was 6.97% and one month ago for the week of 2025-05-16, the average rate was 6.83%.

    The average rate one year ago was 7.03%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.22%.

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

    Columbia 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 Columbia level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 94 6.33% $4,624
    FLAT BRANCH MORTGAGE, INC. 31 6.42% $4,950
    PENNYMAC LOAN SERVICES, LLC 18 5.54% $6,665
    QUICKEN LOANS, LLC 17 6.29% $9,942
    UNITED WHOLESALE MORTGAGE, LLC 16 5.90% $5,666
    FREEDOM MORTGAGE CORPORATION 11 6.34% $5,195
    Mid-Continent Funding, Inc. 9 5.79% $7,798
    NEWREZ LLC 9 6.01% $3,677
    The Central Trust Bank 7 6.43% $14,141
    NEW DAY FINANCIAL, LLC 7 7.48% $11,118
    VILLAGE CAPITAL MORTGAGE 6 6.08% $5,648
    DAS Acquisition Company, LLC 5 6.53% $13,104
    First Federal Bank 5 5.95% $4,666
    NAVY FEDERAL CREDIT UNION 4 6.00% $7,326
    Midwest Mortgage Associates Corporation 4 6.63% $2,770
    LOANDEPOT.COM, LLC 3 5.87% $8,544
    Barrington Bank & Trust Company, N.A. 3 6.58% $8,423
    USAA Federal Savings Bank 3 6.42% $14,094
    U.S. Bank 3 6.21% $5,724
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.00% $1,792
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.50% $3,585
    ON Q FINANCIAL, INC. 2 6.00% $8,864
    NBKC BANK 2 5.93% $7,229
    Bell Bank 2 6.69% $1,231
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.38% $10,199
    GUARANTEED RATE, INC. 2 5.95% $2,194
    Magnolia Bank 2 5.75% $8,726
    PENTAGON FEDERAL CREDIT UNION 1 7.13% $2,074
    PLANET HOME LENDING, LLC 1 5.99% $3,159
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.99% $8,600
    First State Bank of St. Charles, Missouri 1 5.50% $22,513
    R-G Federal Credit Union 1 6.25% $18,857
    SeaTrust Mortgage Company 1 7.00% $2,374
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $5,321
    The Huntington National Bank 1 6.50% $10,604
    UMB Bank 1 5.63% $2,251
    UNION HOME MORTGAGE CORP. 1 6.63% $4,173
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.75% $5,315
    AMERISAVE MORTGAGE CORPORATION 1 6.13% $5,231
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $10,752
    HOMESIDE FINANCIAL, LLC 1 6.12% $12,443
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $11,967
    Hawthorn Bank 1 5.99% $2,141
    Goldwater Bank, N.A. 1 8.99% $33,806
    NFM, INC. 1 7.88% $3,852
    GERSHMAN INVESTMENT CORP. 1 6.13% $96

    The top Columbia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 94 VA loans originated. Their average total fees are $4,624, which is $326 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Columbia VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,624), FLAT BRANCH MORTGAGE, INC. ($4,950), FREEDOM MORTGAGE CORPORATION ($5,195), UNITED WHOLESALE MORTGAGE, LLC ($5,666) and PENNYMAC LOAN SERVICES, LLC ($6,665).

    The lowest rate Columbia VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.54%), UNITED WHOLESALE MORTGAGE, LLC (5.90%), QUICKEN LOANS, LLC (6.29%), Mortgage Research Center, LLC (6.33%) and FREEDOM MORTGAGE CORPORATION (6.34%).

    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.