Columbia VA Loan Rates, Closing Costs & Stats

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 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 6.89% for the week of 2025-05-09, compared to the national average (all VA variants) of 6.369% for the same period.

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

The average rate for the prior week (2025-05-02) was 6.61% and one month ago for the week of 2025-04-04, the average rate was 6.26%.

The average rate one year ago was 7.05%.

For refis of the same type during the week of 2025-05-09, the average rate was 6.49%.

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%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Columbia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $224,950 (8.3%) $276,908 (6.5%) 0.83 751
2018-02-01 $225,000 (4.7%) $281,307 (3.4%) 0.82 763
2018-03-01 $235,000 (2.7%) $286,311 (1.0%) 0.82 827
2018-04-01 $245,650 (-0.9%) $291,637 (-0.3%) 0.83 856
2018-05-01 $252,500 (1.8%) $294,170 (-1.9%) 0.84 902
2018-06-01 $249,900 (2.5%) $293,181 (-3.0%) 0.83 912
2018-07-01 $247,725 (3.4%) $292,417 (-0.1%) 0.83 921
2018-08-01 $237,425 (2.5%) $286,035 (-0.1%) 0.80 952
2018-09-01 $234,900 (4.9%) $278,854 (0.2%) 0.79 999
2018-10-01 $232,475 (3.4%) $276,905 (-0.2%) 0.79 1,035
2018-11-01 $228,625 (4.4%) $272,510 (0.1%) 0.78 957
2018-12-01 $229,000 (3.6%) $273,410 (0.5%) 0.79 889
2019-01-01 $229,000 (1.8%) $277,344 (0.2%) 0.79 793
2019-02-01 $229,125 (1.8%) $278,383 (-1.0%) 0.77 802
2019-03-01 $236,429 (0.6%) $286,340 (0.0%) 0.77 790
2019-04-01 $244,962 (-0.3%) $292,364 (0.3%) 0.78 775
2019-05-01 $246,125 (-2.5%) $289,995 (-1.4%) 0.77 786
2019-06-01 $242,500 (-3.0%) $291,725 (-0.5%) 0.76 808
2019-07-01 $239,950 (-3.1%) $292,522 (0.0%) 0.75 824
2019-08-01 $240,882 (1.5%) $292,929 (2.4%) 0.76 792
2019-09-01 $242,355 (3.2%) $294,147 (5.5%) 0.78 764
2019-10-01 $244,975 (5.4%) $294,958 (6.5%) 0.79 742
2019-11-01 $239,950 (5.0%) $295,020 (8.3%) 0.79 709
2019-12-01 $234,975 (2.6%) $296,537 (8.5%) 0.78 615
2020-01-01 $228,725 (-0.1%) $292,560 (5.5%) 0.76 548
2020-02-01 $237,900 (3.8%) $295,541 (6.2%) 0.78 525
2020-03-01 $250,725 (6.1%) $305,921 (6.8%) 0.79 549
2020-04-01 $269,450 (10.0%) $319,532 (9.3%) 0.84 502
2020-05-01 $267,000 (8.5%) $317,140 (9.4%) 0.81 486
2020-06-01 $272,450 (12.4%) $333,351 (14.3%) 0.80 469
2020-07-01 $276,950 (15.4%) $340,382 (16.4%) 0.80 455
2020-08-01 $275,950 (14.6%) $336,474 (14.9%) 0.79 438
2020-09-01 $263,550 (8.8%) $326,865 (11.1%) 0.76 409
2020-10-01 $246,950 (0.8%) $316,448 (7.3%) 0.71 398
2020-11-01 $244,475 (1.9%) $326,009 (10.5%) 0.71 375
2020-12-01 $251,950 (7.2%) $342,801 (15.6%) 0.75 330
2021-01-01 $254,400 (11.2%) $367,875 (25.7%) 0.76 265
2021-02-01 $248,425 (4.4%) $387,681 (31.2%) 0.72 200
2021-03-01 $269,852 (7.6%) $373,193 (22.0%) 0.77 212
2021-04-01 $292,200 (8.4%) $377,574 (18.2%) 0.79 200
2021-05-01 $275,000 (3.0%) $356,451 (12.4%) 0.73 225
2021-06-01 $274,975 (0.9%) $369,738 (10.9%) 0.72 267
2021-07-01 $275,000 (-0.7%) $354,061 (4.0%) 0.73 311
2021-08-01 $268,000 (-2.9%) $344,978 (2.5%) 0.71 314
2021-09-01 $251,450 (-4.6%) $330,602 (1.1%) 0.67 303
2021-10-01 $269,900 (9.3%) $338,086 (6.8%) 0.72 294
2021-11-01 $260,000 (6.4%) $337,462 (3.5%) 0.69 256
2021-12-01 $277,812 (10.3%) $351,981 (2.7%) 0.75 218
2022-01-01 $317,450 (24.8%) $368,817 (0.3%) 0.86 166
2022-02-01 $314,048 (26.4%) $392,129 (1.2%) 0.82 163
2022-03-01 $304,988 (13.0%) $386,958 (3.7%) 0.76 185
2022-04-01 $316,000 (8.2%) $400,066 (6.0%) 0.75 212
2022-05-01 $341,500 (24.2%) $429,559 (20.5%) 0.78 270
2022-06-01 $338,250 (23.0%) $425,917 (15.2%) 0.75 320
2022-07-01 $334,900 (21.8%) $421,103 (18.9%) 0.75 378
2022-08-01 $342,400 (27.8%) $425,711 (23.4%) 0.79 384
2022-09-01 $348,000 (38.4%) $421,747 (27.6%) 0.81 381
2022-10-01 $350,000 (29.7%) $417,986 (23.6%) 0.82 399
2022-11-01 $345,625 (32.9%) $407,744 (20.8%) 0.83 407
2022-12-01 $342,450 (23.3%) $406,068 (15.4%) 0.85 355
2023-01-01 $354,450 (11.7%) $415,031 (12.5%) 0.88 299
2023-02-01 $352,500 (12.2%) $408,961 (4.3%) 0.85 312
2023-03-01 $367,375 (20.5%) $433,567 (12.1%) 0.87 313
2023-04-01 $385,000 (21.8%) $463,182 (15.8%) 0.90 313
2023-05-01 $392,450 (14.9%) $474,772 (10.5%) 0.89 330
2023-06-01 $397,125 (17.4%) $474,152 (11.3%) 0.89 331
2023-07-01 $388,904 (16.1%) $459,003 (9.0%) 0.88 416
2023-08-01 $392,400 (14.6%) $464,764 (9.2%) 0.90 420
2023-09-01 $386,250 (11.0%) $464,121 (10.1%) 0.90 414
2023-10-01 $397,000 (13.4%) $467,196 (11.8%) 0.93 425
2023-11-01 $384,725 (11.3%) $456,529 (12.0%) 0.92 426
2023-12-01 $374,900 (9.5%) $450,882 (11.0%) 0.91 420
2024-01-01 $375,000 (5.8%) $450,563 (8.6%) 0.92 361
2024-02-01 $382,450 (8.5%) $457,448 (11.9%) 0.92 352
2024-03-01 $375,000 (2.1%) $456,705 (5.3%) 0.88 364
2024-04-01 $402,200 (4.5%) $492,324 (6.3%) 0.94 370
2024-05-01 $420,625 (7.2%) $515,065 (8.5%) 0.96 401
2024-06-01 $416,950 (5.0%) $495,836 (4.6%) 0.95 441
2024-07-01 $413,650 (6.4%) $489,489 (6.6%) 0.95 469
2024-08-01 $412,500 (5.1%) $470,550 (1.2%) 0.96 488
2024-09-01 $395,950 (2.5%) $456,661 (-1.6%) 0.93 518
2024-10-01 $394,375 (-0.7%) $451,299 (-3.4%) 0.93 544
2024-11-01 $375,000 (-2.5%) $447,310 (-2.0%) 0.90 574
2024-12-01 $375,000 (0.0%) $438,973 (-2.6%) 0.93 497
2025-01-01 $384,400 (2.5%) $448,301 (-0.5%) 0.96 451
2025-02-01 $399,900 (4.6%) $458,697 (0.3%) 0.97 429
2025-03-01 $413,250 (10.2%) $464,014 (1.6%) 0.97 448
2025-04-01 $417,200 (3.7%) $466,802 (-5.2%) 0.97 473
Columbia's median listing price for 2025-04-01 was $417,200, a difference of $15,000 (3.7%) versus the prior year and $3,950 versus the prior month.

Columbia's median listing price comes in at 97% of the national average.

Columbia's average listing price for 2025-04-01 was $466,802, a difference of $-25,522 (-5.2%) versus the prior year and $2,788 versus the prior month.

For the 2025-04-01 period, Columbia had 473 MLS listings, a difference of 25 listings (6%) versus the prior month and 103 listings (28%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Columbia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 79 days 1,971 sqft
2018-02-01 72 days 1,994 sqft
2018-03-01 53 days 2,069 sqft
2018-04-01 45 days 2,181 sqft
2018-05-01 47 days 2,224 sqft
2018-06-01 56 days 2,210 sqft
2018-07-01 64 days 2,229 sqft
2018-08-01 65 days 2,179 sqft
2018-09-01 64 days 2,135 sqft
2018-10-01 67 days 2,133 sqft
2018-11-01 77 days 2,088 sqft
2018-12-01 89 days 2,029 sqft
2019-01-01 95 days 1,947 sqft
2019-02-01 89 days 1,947 sqft
2019-03-01 62 days 2,065 sqft
2019-04-01 43 days 2,150 sqft
2019-05-01 47 days 2,144 sqft
2019-06-01 53 days 2,151 sqft
2019-07-01 56 days 2,088 sqft
2019-08-01 58 days 2,102 sqft
2019-09-01 60 days 2,124 sqft
2019-10-01 62 days 2,142 sqft
2019-11-01 67 days 2,048 sqft
2019-12-01 76 days 2,030 sqft
2020-01-01 84 days 1,926 sqft
2020-02-01 59 days 1,944 sqft
2020-03-01 38 days 1,963 sqft
2020-04-01 45 days 2,060 sqft
2020-05-01 45 days 2,100 sqft
2020-06-01 37 days 2,089 sqft
2020-07-01 38 days 2,065 sqft
2020-08-01 42 days 2,084 sqft
2020-09-01 44 days 1,996 sqft
2020-10-01 37 days 1,953 sqft
2020-11-01 41 days 1,930 sqft
2020-12-01 54 days 1,968 sqft
2021-01-01 57 days 1,969 sqft
2021-02-01 28 days 1,938 sqft
2021-03-01 17 days 1,950 sqft
2021-04-01 21 days 2,126 sqft
2021-05-01 15 days 2,010 sqft
2021-06-01 16 days 1,986 sqft
2021-07-01 22 days 2,053 sqft
2021-08-01 28 days 1,929 sqft
2021-09-01 31 days 1,919 sqft
2021-10-01 30 days 1,952 sqft
2021-11-01 35 days 1,938 sqft
2021-12-01 44 days 1,972 sqft
2022-01-01 41 days 2,000 sqft
2022-02-01 26 days 1,977 sqft
2022-03-01 15 days 2,058 sqft
2022-04-01 14 days 2,084 sqft
2022-05-01 14 days 2,154 sqft
2022-06-01 20 days 2,094 sqft
2022-07-01 26 days 2,051 sqft
2022-08-01 37 days 2,051 sqft
2022-09-01 42 days 2,040 sqft
2022-10-01 45 days 2,004 sqft
2022-11-01 46 days 1,971 sqft
2022-12-01 61 days 1,975 sqft
2023-01-01 78 days 1,984 sqft
2023-02-01 56 days 1,974 sqft
2023-03-01 37 days 2,000 sqft
2023-04-01 30 days 2,058 sqft
2023-05-01 31 days 2,119 sqft
2023-06-01 33 days 2,220 sqft
2023-07-01 26 days 2,130 sqft
2023-08-01 42 days 2,164 sqft
2023-09-01 51 days 2,200 sqft
2023-10-01 53 days 2,219 sqft
2023-11-01 54 days 2,133 sqft
2023-12-01 64 days 2,076 sqft
2024-01-01 72 days 2,064 sqft
2024-02-01 50 days 2,044 sqft
2024-03-01 33 days 1,970 sqft
2024-04-01 32 days 2,007 sqft
2024-05-01 35 days 2,117 sqft
2024-06-01 34 days 2,100 sqft
2024-07-01 40 days 2,124 sqft
2024-08-01 44 days 2,097 sqft
2024-09-01 45 days 2,072 sqft
2024-10-01 52 days 2,061 sqft
2024-11-01 60 days 1,981 sqft
2024-12-01 72 days 1,957 sqft
2025-01-01 77 days 1,988 sqft
2025-02-01 76 days 2,046 sqft
2025-03-01 54 days 2,121 sqft
2025-04-01 46 days 2,146 sqft
Columbia's median listing age (time on market) for 2025-04-01 was 46 days. This is 42% longer than the same period one year ago.

Columbia's median square footage for active listings during the 2025-04-01 period was 2,146 sqft. One year prior, the average listing was 2,007 sqft.

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.