Columbus VA Loan Rates, Closing Costs & Stats

Columbus, MS

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Columbus's 36 lenders originated 152 VA loans during 2023. The total origination value was $40,690,000, with an average VA loan value of $267,697.

    Columbus VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Columbus averaged 6.53% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Columbus's average VA mortgage closing costs are $5,621.

    The average rate for the prior week (2025-02-07) was 6.27% and one month ago for the week of 2025-01-10, the average rate was 6.3%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.33%.

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

    Columbus 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 Columbus level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 34 6.73% $4,881
    Renasant Bank 12 6.28% $8,946
    Trustmark National Bank 11 6.10% $4,397
    NBKC BANK 8 6.05% $8,186
    USAA Federal Savings Bank 7 6.38% $7,090
    Magnolia Bank 5 5.65% $9,870
    CARDINAL FINANCIAL 4 6.47% $8,008
    NAVY FEDERAL CREDIT UNION 4 6.06% $4,896
    Flagstar Bank, FSB 4 6.34% $9,424
    UNITED WHOLESALE MORTGAGE, LLC 4 6.19% $6,133
    PENNYMAC LOAN SERVICES, LLC 4 5.28% $5,711
    CIS Financial Services, Inc. 3 6.13% $9,317
    LEADERONE FINANCIAL CORPORATION 3 6.91% $8,887
    QUICKEN LOANS, LLC 3 6.25% $10,290
    FIRST COMMUNITY MORTGAGE, INC. 3 6.08% $11,262
    CMG MORTGAGE, INC. 3 6.08% $7,148
    Mr. Cooper ( Nationstar Mortgage ) 3 5.71% $18,225
    NEWREZ LLC 2 7.00% $12,765
    Regions Bank 2 6.38% $12,713
    TOWNE MORTGAGE COMPANY 2 5.94% $9,886
    U.S. Bank 2 6.44% $6,831
    First Federal Bank 2 6.25% $3,637
    NEW DAY FINANCIAL, LLC 2 6.75% $12,238
    Paramount Residential Mortgage Group, Inc. 2 6.25% $12,692
    Wells Fargo Bank 1 5.63% $3,139
    BancorpSouth 1 6.63% $6,590
    Barrington Bank & Trust Company, N.A. 1 6.25% $13,892
    Century Mortgage Company DBA Century Lending Company 1 6.99% $6,716
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $4,939
    GUARANTEED RATE, INC. 1 7.25% $660
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    MOVEMENT MORTGAGE, LLC 1 6.75% $28,602
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $11,689
    Neighborhood Loans, Inc. 1 7.50% $5,819
    The Central Trust Bank 1 6.75% $12,011
    Armed Forces Bank 1 6.25% $10,023

    The top Columbus VA lender as defined by loan originations is Mortgage Research Center, LLC, with 34 VA loans originated. Their average total fees are $4,881, which is $4,065 lower than the next largest lender, Renasant Bank.

    The lowest fee Columbus VA lenders (with over 10 loans originated) are Trustmark National Bank ($4,397), Mortgage Research Center, LLC ($4,881), Renasant Bank ($8,946), .

    The lowest rate Columbus VA lenders (with over 10 loans originated) are Trustmark National Bank (6.10%), Renasant Bank (6.28%), Mortgage Research Center, LLC (6.73%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Columbus (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 $129,900 (2.9%) $163,567 (-4.0%) 0.00 244
    2018-02-01 $119,950 (-11.1%) $160,116 (-10.6%) 0.00 252
    2018-03-01 $129,500 (-4.5%) $160,188 (-11.8%) 0.00 255
    2018-04-01 $132,200 (-2.0%) $167,673 (-5.0%) 0.00 286
    2018-05-01 $139,700 (6.2%) $172,707 (-2.0%) 0.00 279
    2018-06-01 $139,700 (4.7%) $175,393 (-0.7%) 0.00 287
    2018-07-01 $148,663 (14.4%) $180,192 (3.7%) 0.00 280
    2018-08-01 $154,225 (18.7%) $184,666 (8.7%) 0.00 258
    2018-09-01 $154,900 (19.3%) $187,054 (11.9%) 0.00 259
    2018-10-01 $149,975 (15.4%) $187,922 (9.9%) 0.00 261
    2018-11-01 $148,375 (11.9%) $188,589 (11.6%) 0.00 253
    2018-12-01 $149,900 (15.4%) $189,209 (12.0%) 0.00 242
    2019-01-01 $149,900 (15.4%) $184,239 (12.6%) 0.00 245
    2019-02-01 $149,950 (25.0%) $188,028 (17.4%) 0.00 244
    2019-03-01 $156,643 (21.0%) $198,427 (23.9%) 0.00 237
    2019-04-01 $159,900 (21.0%) $206,178 (23.0%) 0.00 236
    2019-05-01 $154,925 (10.9%) $206,822 (19.8%) 0.00 239
    2019-06-01 $159,900 (14.5%) $217,908 (24.2%) 0.00 234
    2019-07-01 $169,575 (14.1%) $227,692 (26.4%) 0.00 225
    2019-08-01 $169,427 (9.9%) $225,019 (21.9%) 0.00 223
    2019-09-01 $169,693 (9.6%) $223,333 (19.4%) 0.00 222
    2019-10-01 $169,870 (13.3%) $222,209 (18.3%) 0.00 219
    2019-11-01 $169,900 (14.5%) $223,977 (18.8%) 0.00 206
    2019-12-01 $172,400 (15.0%) $231,349 (22.3%) 0.00 199
    2020-01-01 $174,675 (16.5%) $225,927 (22.6%) 0.00 200
    2020-02-01 $191,200 (27.5%) $236,534 (25.8%) 0.00 197
    2020-03-01 $198,750 (26.9%) $235,591 (18.7%) 0.00 200
    2020-04-01 $197,988 (23.8%) $235,166 (14.1%) 0.00 200
    2020-05-01 $189,900 (22.6%) $238,089 (15.1%) 0.00 187
    2020-06-01 $196,922 (23.2%) $248,755 (14.2%) 0.00 170
    2020-07-01 $199,475 (17.6%) $251,046 (10.3%) 0.00 164
    2020-08-01 $211,950 (25.1%) $249,857 (11.0%) 0.00 161
    2020-09-01 $214,900 (26.6%) $251,780 (12.7%) 0.00 151
    2020-10-01 $214,900 (26.5%) $251,874 (13.4%) 0.00 152
    2020-11-01 $183,350 (7.9%) $235,562 (5.2%) 0.00 153
    2020-12-01 $185,900 (7.8%) $239,875 (3.7%) 0.00 143
    2021-01-01 $185,900 (6.4%) $226,356 (0.2%) 0.00 134
    2021-02-01 $184,900 (-3.3%) $229,927 (-2.8%) 0.00 114
    2021-03-01 $185,175 (-6.8%) $234,713 (-0.4%) 0.00 105
    2021-04-01 $195,250 (-1.4%) $253,827 (7.9%) 0.00 91
    2021-05-01 $209,900 (10.5%) $263,759 (10.8%) 0.00 82
    2021-06-01 $194,900 (-1.0%) $260,671 (4.8%) 0.00 78
    2021-07-01 $189,900 (-4.8%) $246,121 (-2.0%) 0.00 78
    2021-08-01 $182,300 (-14.0%) $240,005 (-3.9%) 0.00 87
    2021-09-01 $202,400 (-5.8%) $251,648 (-0.1%) 0.00 87
    2021-10-01 $199,450 (-7.2%) $248,500 (-1.3%) 0.00 91
    2021-11-01 $214,450 (17.0%) $267,436 (13.5%) 0.00 101
    2021-12-01 $196,700 (5.8%) $265,565 (10.7%) 0.00 106
    2022-01-01 $191,750 (3.2%) $302,316 (33.6%) 0.00 95
    2022-02-01 $190,625 (3.1%) $302,956 (31.8%) 0.00 85
    2022-03-01 $211,425 (14.2%) $315,466 (34.4%) 0.00 75
    2022-04-01 $259,900 (33.1%) $338,058 (33.2%) 0.00 90
    2022-05-01 $247,450 (17.9%) $325,309 (23.3%) 0.00 99
    2022-06-01 $231,250 (18.7%) $316,345 (21.4%) 0.00 108
    2022-07-01 $229,450 (20.8%) $290,577 (18.1%) 0.00 132
    2022-08-01 $229,000 (25.6%) $290,624 (21.1%) 0.00 130
    2022-09-01 $215,000 (6.2%) $280,059 (11.3%) 0.00 124
    2022-10-01 $215,000 (7.8%) $283,378 (14.0%) 0.00 134
    2022-11-01 $203,700 (-5.0%) $270,396 (1.1%) 0.00 150
    2022-12-01 $195,450 (-0.6%) $268,699 (1.2%) 0.00 138
    2023-01-01 $196,225 (2.3%) $280,746 (-7.1%) 0.00 124
    2023-02-01 $200,225 (5.0%) $282,947 (-6.6%) 0.00 126
    2023-03-01 $204,495 (-3.3%) $293,472 (-7.0%) 0.00 120
    2023-04-01 $220,000 (-15.4%) $302,114 (-10.6%) 0.00 111
    2023-05-01 $228,500 (-7.7%) $288,052 (-11.5%) 0.00 112
    2023-06-01 $213,675 (-7.6%) $286,485 (-9.4%) 0.00 105
    2023-07-01 $209,750 (-8.6%) $295,554 (1.7%) 0.00 103
    2023-08-01 $257,000 (12.2%) $304,357 (4.7%) 0.00 111
    2023-09-01 $249,450 (16.0%) $290,050 (3.6%) 0.00 123
    2023-10-01 $249,900 (16.2%) $302,727 (6.8%) 0.00 134
    2023-11-01 $244,900 (20.2%) $300,954 (11.3%) 0.00 137
    2023-12-01 $250,000 (27.9%) $306,771 (14.2%) 0.00 140
    2024-01-01 $246,875 (25.8%) $269,951 (-3.8%) 0.00 139
    2024-02-01 $247,500 (23.6%) $267,058 (-5.6%) 0.00 136
    2024-03-01 $239,000 (16.9%) $263,747 (-10.1%) 0.00 129
    2024-04-01 $231,700 (5.3%) $255,724 (-15.4%) 0.00 143
    2024-05-01 $229,500 (0.4%) $255,213 (-11.4%) 0.00 141
    2024-06-01 $224,500 (5.1%) $252,677 (-11.8%) 0.00 151
    2024-07-01 $235,250 (12.2%) $263,147 (-11.0%) 0.00 149
    2024-08-01 $234,700 (-8.7%) $270,200 (-11.2%) 0.00 149
    2024-09-01 $242,875 (-2.6%) $277,235 (-4.4%) 0.00 156
    2024-10-01 $242,250 (-3.1%) $274,231 (-9.4%) 0.00 152
    2024-11-01 $239,000 (-2.4%) $273,138 (-9.2%) 0.00 148
    2024-12-01 $239,000 (-4.4%) $272,840 (-11.1%) 0.00 140
    2025-01-01 $233,375 (-5.5%) $266,842 (-1.2%) 0.00 135
    Columbus's median listing price for 2025-01-01 was $233,375, a difference of $-13,500 (-5.5%) versus the prior year and $-5,625 versus the prior month.

    Columbus's median listing price comes in at 0% of the national average.

    Columbus's average listing price for 2025-01-01 was $266,842, a difference of $-3,109 (-1.2%) versus the prior year and $-5,998 versus the prior month.

    For the 2025-01-01 period, Columbus had 135 MLS listings, a difference of -5 listings (-4%) versus the prior month and -4 listings (-3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,880 sqft
    2018-02-01 0 days 1,814 sqft
    2018-03-01 0 days 1,829 sqft
    2018-04-01 0 days 1,817 sqft
    2018-05-01 0 days 1,834 sqft
    2018-06-01 0 days 1,832 sqft
    2018-07-01 0 days 1,848 sqft
    2018-08-01 0 days 1,860 sqft
    2018-09-01 0 days 1,891 sqft
    2018-10-01 0 days 1,914 sqft
    2018-11-01 0 days 1,897 sqft
    2018-12-01 0 days 1,917 sqft
    2019-01-01 0 days 1,896 sqft
    2019-02-01 0 days 1,917 sqft
    2019-03-01 0 days 1,976 sqft
    2019-04-01 0 days 2,015 sqft
    2019-05-01 0 days 2,000 sqft
    2019-06-01 0 days 2,000 sqft
    2019-07-01 0 days 2,080 sqft
    2019-08-01 0 days 2,027 sqft
    2019-09-01 0 days 2,021 sqft
    2019-10-01 0 days 2,048 sqft
    2019-11-01 0 days 2,162 sqft
    2019-12-01 0 days 2,179 sqft
    2020-01-01 0 days 2,100 sqft
    2020-02-01 0 days 2,220 sqft
    2020-03-01 0 days 2,189 sqft
    2020-04-01 0 days 2,146 sqft
    2020-05-01 0 days 2,172 sqft
    2020-06-01 0 days 2,295 sqft
    2020-07-01 0 days 2,258 sqft
    2020-08-01 0 days 2,300 sqft
    2020-09-01 0 days 2,318 sqft
    2020-10-01 0 days 2,328 sqft
    2020-11-01 0 days 2,143 sqft
    2020-12-01 0 days 2,128 sqft
    2021-01-01 0 days 2,100 sqft
    2021-02-01 0 days 2,109 sqft
    2021-03-01 0 days 2,216 sqft
    2021-04-01 0 days 2,340 sqft
    2021-05-01 0 days 2,300 sqft
    2021-06-01 0 days 2,267 sqft
    2021-07-01 0 days 2,201 sqft
    2021-08-01 0 days 2,229 sqft
    2021-09-01 0 days 2,244 sqft
    2021-10-01 0 days 2,258 sqft
    2021-11-01 0 days 2,161 sqft
    2021-12-01 0 days 2,053 sqft
    2022-01-01 0 days 2,079 sqft
    2022-02-01 0 days 2,033 sqft
    2022-03-01 0 days 2,178 sqft
    2022-04-01 0 days 2,192 sqft
    2022-05-01 0 days 2,190 sqft
    2022-06-01 0 days 2,114 sqft
    2022-07-01 0 days 2,104 sqft
    2022-08-01 0 days 2,092 sqft
    2022-09-01 0 days 2,093 sqft
    2022-10-01 0 days 2,020 sqft
    2022-11-01 0 days 1,985 sqft
    2022-12-01 0 days 1,978 sqft
    2023-01-01 0 days 1,951 sqft
    2023-02-01 0 days 1,971 sqft
    2023-03-01 0 days 2,031 sqft
    2023-04-01 0 days 2,079 sqft
    2023-05-01 0 days 2,080 sqft
    2023-06-01 0 days 1,991 sqft
    2023-07-01 0 days 1,923 sqft
    2023-08-01 0 days 1,998 sqft
    2023-09-01 0 days 2,004 sqft
    2023-10-01 0 days 1,991 sqft
    2023-11-01 0 days 2,032 sqft
    2023-12-01 0 days 2,048 sqft
    2024-01-01 0 days 2,056 sqft
    2024-02-01 0 days 2,059 sqft
    2024-03-01 0 days 2,052 sqft
    2024-04-01 0 days 1,997 sqft
    2024-05-01 0 days 1,989 sqft
    2024-06-01 0 days 1,960 sqft
    2024-07-01 0 days 2,009 sqft
    2024-08-01 0 days 1,983 sqft
    2024-09-01 0 days 2,042 sqft
    2024-10-01 0 days 2,008 sqft
    2024-11-01 0 days 1,960 sqft
    2024-12-01 0 days 2,009 sqft
    2025-01-01 0 days 1,954 sqft
    Columbus's median listing age (time on market) for 2025-01-01 was 0 days.

    Columbus's median square footage for active listings during the 2025-01-01 period was 1,954 sqft. One year prior, the average listing was 2,056 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.