Des Moines VA Loan Rates, Closing Costs & Stats

DES MOINES-WEST DES MOINES, IA

  • 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.

    Des Moines's 84 lenders originated 1,038 VA loans during 2024. The total origination value was $334,320,000, with an average VA loan value of $322,081.

    Des Moines VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Des Moines averaged 6.96% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Des Moines's average VA mortgage closing costs are $5,325.

    The average rate for the prior week (2025-05-16) was 6.65% and one month ago for the week of 2025-04-18, the average rate was 6.52%.

    The average rate one year ago was 6.93%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.69%.

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

    Des Moines 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 Des Moines level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 149 6.31% $4,691
    UNITED WHOLESALE MORTGAGE, LLC 60 5.80% $6,769
    GERSHMAN INVESTMENT CORP. 55 5.95% $5,656
    GREENSTATE CREDIT UNION 52 5.75% $5,729
    HOMESERVICES LENDING, LLC 51 5.99% $6,283
    DHI MORTGAGE COMPANY, LTD. 44 5.30% $8,874
    FREEDOM MORTGAGE CORPORATION 43 6.39% $7,693
    QUICKEN LOANS, LLC 35 6.12% $9,306
    BROKER SOLUTIONS, INC. 33 6.48% $6,691
    NEWREZ LLC 33 6.09% $6,794
    PENNYMAC LOAN SERVICES, LLC 29 5.53% $7,452
    VERIDIAN CREDIT UNION 28 5.74% $7,205
    NEW DAY FINANCIAL, LLC 26 7.29% $9,119
    Barrington Bank & Trust Company, N.A. 23 6.30% $4,974
    Community Choice Credit Union 22 5.84% $3,783
    U.S. Bank 20 5.78% $5,062
    NAVY FEDERAL CREDIT UNION 18 5.93% $4,177
    GUILD MORTGAGE COMPANY 15 6.32% $9,073
    VILLAGE CAPITAL MORTGAGE 15 5.82% $5,911
    USAA Federal Savings Bank 12 6.23% $6,970
    MOVEMENT MORTGAGE, LLC 10 6.43% $8,841
    AMERICAN PACIFIC MORTGAGE CORPORATION 10 6.29% $11,458
    GUARANTEED RATE, INC. 10 5.94% $6,282
    CMG MORTGAGE, INC. 10 6.40% $9,588
    LOANDEPOT.COM, LLC 9 6.50% $8,892
    PLANET HOME LENDING, LLC 9 6.04% $7,851
    Fortress Bank 9 6.51% $6,183
    Northwest Bank 8 6.27% $10,889
    FIRST COMMUNITY MORTGAGE, INC. 8 6.26% $5,712
    LAND HOME FINANCIAL SERVICES, INC. 8 6.13% $7,258
    MUTUAL OF OMAHA MORTGAGE, INC. 6 6.25% $10,915
    HOMESIDE FINANCIAL, LLC 6 7.08% $11,003
    COMPASS MORTGAGE, INC. 6 6.10% $7,399
    Servion, Inc. 6 6.35% $5,524
    The Federal Savings Bank 6 5.83% $14,377
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.30% $8,100
    Plains Commerce Bank 5 6.43% $7,233
    IOWA BANKERS MORTGAGE CORPORATION 5 6.23% $2,477
    ENVOY MORTGAGE, LTD 4 6.16% $4,564
    FRONTIER FINANCIAL, INC. 4 6.31% $6,525
    Lincoln Savings Bank 4 6.03% $10,218
    STOCKTON MORTGAGE CORPORATION 4 6.94% $7,427
    The Central Trust Bank 4 6.72% $9,448
    Wells Fargo Bank 4 6.25% $6,987
    Mr. Cooper ( Nationstar Mortgage ) 3 6.29% $6,329
    Flagstar Bank, FSB 2 7.19% $4,697
    Sierra Pacific Mortgage Company, Inc. 2 6.69% $7,918
    Carrington Mortgage Services, LLC 2 6.63% $9,401
    West Gate Bank 2 6.25% $5,243
    PLAZA HOME MORTGAGE, INC. 2 6.00% $13,767
    The Loan Store, Inc. 2 6.12% $6,921
    MID AMERICA MORTGAGE, INC. 2 6.63% $2,576
    AMERISAVE MORTGAGE CORPORATION 2 5.25% $14,197
    CARDINAL FINANCIAL 2 6.63% $5,377
    Magnolia Bank 2 6.69% $13,528
    LAKEVIEW LOAN SERVICING, LLC 2 5.94% $7,625
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.38% $2,260
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.13% $6,574
    Central Bank 1 5.75% $2,366
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $4,280
    Regions Bank 1 7.00% $10,177
    RESIDENTIAL MORTGAGE NETWORK, INC. 1 5.75% $17,863
    RUHL MORTGAGE, LLC 1 5.75% $2,851
    BAY EQUITY LLC 1 5.99% $5,864
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $15,631
    Armed Forces Bank 1 6.00% $2,230
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $8,008
    AmeriHome Mortgage Company, LLC 1 5.99% $1,490
    Ixonia Bank 1 6.13% $13,691
    Great Southern Bank 1 6.63% $5,013
    American Mortgage & Equity Consultants, Inc. 1 6.63% $7,702
    MORTGAGEONE, INC. 1 6.63% $3,250
    GENEVA FINANCIAL, LLC 1 7.13% $1,101
    Flanagan State Bank 1 5.75% $1,816
    M&T Bank 1 6.25% $5,207
    First Federal Bank 1 6.00% $1,884
    NBKC BANK 1 5.50% $1,919
    Equity Prime Mortgage LLC 1 7.75% $3,788
    Academy Bank 1 6.13% $12,817
    Encompass Lending Group, LP 1 7.13% $6,821
    OCMBC, INC. 1 5.63% $1,631
    OPEN MORTGAGE, LLC 1 8.13% $7,194
    Paramount Residential Mortgage Group, Inc. 1 6.25% $12,550
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $11,018

    The top Des Moines VA lender as defined by loan originations is Mortgage Research Center, LLC, with 149 VA loans originated. Their average total fees are $4,691, which is $2,078 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Des Moines VA lenders (with over 10 loans originated) are Community Choice Credit Union ($3,783), NAVY FEDERAL CREDIT UNION ($4,177), Mortgage Research Center, LLC ($4,691), Barrington Bank & Trust Company, N.A. ($4,974) and U.S. Bank ($5,062).

    The lowest rate Des Moines VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.30%), PENNYMAC LOAN SERVICES, LLC (5.53%), VERIDIAN CREDIT UNION (5.74%), GREENSTATE CREDIT UNION (5.75%) and U.S. Bank (5.78%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Des Moines (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 $281,250 (6.1%) $296,297 (-0.3%) 1.04 2,919
    2018-02-01 $289,178 (5.7%) $306,338 (-0.4%) 1.05 2,845
    2018-03-01 $289,500 (5.1%) $310,723 (0.0%) 1.02 2,833
    2018-04-01 $292,416 (3.7%) $317,787 (0.0%) 0.99 2,836
    2018-05-01 $291,225 (2.0%) $321,301 (0.7%) 0.97 2,906
    2018-06-01 $289,900 (3.6%) $317,875 (2.0%) 0.97 3,149
    2018-07-01 $289,900 (5.3%) $316,746 (3.0%) 0.97 3,261
    2018-08-01 $283,950 (5.2%) $313,014 (4.0%) 0.95 3,396
    2018-09-01 $279,975 (3.7%) $308,391 (4.5%) 0.94 3,576
    2018-10-01 $281,359 (3.2%) $308,992 (5.6%) 0.95 3,554
    2018-11-01 $281,118 (2.2%) $307,995 (5.1%) 0.95 3,506
    2018-12-01 $279,900 (1.1%) $303,759 (3.3%) 0.97 3,320
    2019-01-01 $283,235 (0.7%) $306,573 (3.5%) 0.98 3,163
    2019-02-01 $287,400 (-0.6%) $310,791 (1.5%) 0.97 3,073
    2019-03-01 $288,862 (-0.2%) $314,410 (1.2%) 0.94 3,006
    2019-04-01 $288,762 (-1.3%) $317,532 (-0.1%) 0.92 3,013
    2019-05-01 $283,210 (-2.8%) $318,433 (-0.9%) 0.89 3,143
    2019-06-01 $279,900 (-3.5%) $317,190 (-0.2%) 0.87 3,288
    2019-07-01 $277,200 (-4.4%) $314,707 (-0.6%) 0.87 3,411
    2019-08-01 $271,743 (-4.3%) $310,815 (-0.7%) 0.86 3,538
    2019-09-01 $264,007 (-5.7%) $303,716 (-1.5%) 0.84 3,671
    2019-10-01 $259,705 (-7.7%) $299,411 (-3.1%) 0.84 3,735
    2019-11-01 $255,000 (-9.3%) $296,106 (-3.9%) 0.84 3,505
    2019-12-01 $255,000 (-8.9%) $294,538 (-3.0%) 0.85 3,322
    2020-01-01 $258,900 (-8.6%) $294,736 (-3.9%) 0.87 3,148
    2020-02-01 $264,900 (-7.8%) $301,303 (-3.1%) 0.87 3,034
    2020-03-01 $268,305 (-7.1%) $307,230 (-2.3%) 0.84 3,032
    2020-04-01 $268,302 (-7.1%) $306,904 (-3.4%) 0.84 3,073
    2020-05-01 $274,500 (-3.1%) $315,196 (-1.0%) 0.83 2,887
    2020-06-01 $277,643 (-0.8%) $324,120 (2.2%) 0.82 2,624
    2020-07-01 $274,763 (-0.9%) $325,272 (3.4%) 0.80 2,472
    2020-08-01 $272,760 (0.4%) $321,963 (3.6%) 0.78 2,435
    2020-09-01 $270,979 (2.6%) $317,172 (4.4%) 0.78 2,366
    2020-10-01 $270,096 (4.0%) $315,795 (5.5%) 0.77 2,365
    2020-11-01 $269,950 (5.9%) $313,238 (5.8%) 0.79 2,311
    2020-12-01 $272,450 (6.8%) $316,629 (7.5%) 0.81 2,112
    2021-01-01 $275,000 (6.2%) $324,924 (10.2%) 0.82 1,811
    2021-02-01 $280,750 (6.0%) $332,447 (10.3%) 0.82 1,652
    2021-03-01 $284,950 (6.2%) $337,577 (9.9%) 0.81 1,508
    2021-04-01 $298,777 (11.4%) $350,707 (14.3%) 0.81 1,450
    2021-05-01 $299,450 (9.1%) $357,764 (13.5%) 0.80 1,456
    2021-06-01 $302,400 (8.9%) $356,851 (10.1%) 0.80 1,563
    2021-07-01 $304,900 (11.0%) $350,167 (7.7%) 0.80 1,601
    2021-08-01 $301,991 (10.7%) $354,250 (10.0%) 0.81 1,754
    2021-09-01 $302,123 (11.5%) $356,685 (12.5%) 0.81 1,786
    2021-10-01 $303,275 (12.3%) $355,552 (12.6%) 0.81 1,807
    2021-11-01 $308,851 (14.4%) $357,397 (14.1%) 0.83 1,816
    2021-12-01 $314,140 (15.3%) $354,893 (12.1%) 0.85 1,725
    2022-01-01 $327,183 (19.0%) $365,520 (12.5%) 0.88 1,466
    2022-02-01 $349,900 (24.6%) $387,334 (16.5%) 0.91 1,295
    2022-03-01 $351,450 (23.3%) $391,829 (16.1%) 0.88 1,302
    2022-04-01 $359,900 (20.5%) $398,719 (13.7%) 0.86 1,346
    2022-05-01 $355,256 (18.6%) $402,431 (12.5%) 0.81 1,530
    2022-06-01 $357,123 (18.1%) $407,087 (14.1%) 0.80 1,692
    2022-07-01 $350,100 (14.8%) $401,042 (14.5%) 0.79 1,996
    2022-08-01 $351,000 (16.2%) $405,725 (14.5%) 0.81 2,098
    2022-09-01 $357,025 (18.2%) $409,243 (14.7%) 0.83 2,217
    2022-10-01 $350,000 (15.4%) $403,980 (13.6%) 0.82 2,432
    2022-11-01 $349,900 (13.3%) $398,805 (11.6%) 0.84 2,519
    2022-12-01 $349,000 (11.1%) $400,955 (13.0%) 0.86 2,321
    2023-01-01 $357,450 (9.3%) $407,763 (11.6%) 0.89 2,115
    2023-02-01 $369,945 (5.7%) $420,672 (8.6%) 0.89 1,965
    2023-03-01 $369,950 (5.3%) $425,373 (8.6%) 0.87 1,971
    2023-04-01 $374,900 (4.2%) $432,892 (8.6%) 0.87 1,922
    2023-05-01 $375,000 (5.6%) $444,501 (10.5%) 0.85 1,937
    2023-06-01 $374,990 (5.0%) $449,446 (10.4%) 0.84 2,090
    2023-07-01 $374,900 (7.1%) $449,220 (12.0%) 0.85 2,198
    2023-08-01 $369,995 (5.4%) $441,557 (8.8%) 0.85 2,358
    2023-09-01 $369,900 (3.6%) $440,075 (7.5%) 0.86 2,383
    2023-10-01 $365,495 (4.4%) $436,716 (8.1%) 0.86 2,554
    2023-11-01 $359,900 (2.9%) $426,797 (7.0%) 0.86 2,580
    2023-12-01 $357,990 (2.6%) $423,676 (5.7%) 0.87 2,414
    2024-01-01 $363,245 (1.6%) $429,964 (5.4%) 0.89 2,157
    2024-02-01 $364,950 (-1.4%) $437,850 (4.1%) 0.88 2,062
    2024-03-01 $368,000 (-0.5%) $439,472 (3.3%) 0.87 2,221
    2024-04-01 $375,698 (0.2%) $449,647 (3.9%) 0.87 2,347
    2024-05-01 $377,130 (0.6%) $451,046 (1.5%) 0.86 2,453
    2024-06-01 $371,990 (-0.8%) $443,919 (-1.2%) 0.85 2,629
    2024-07-01 $369,990 (-1.3%) $438,365 (-2.4%) 0.85 2,734
    2024-08-01 $369,900 (0.0%) $434,297 (-1.6%) 0.86 2,743
    2024-09-01 $359,990 (-2.7%) $418,334 (-4.9%) 0.85 2,836
    2024-10-01 $359,450 (-1.7%) $413,532 (-5.3%) 0.85 2,930
    2024-11-01 $354,900 (-1.4%) $418,536 (-1.9%) 0.85 3,048
    2024-12-01 $354,990 (-0.8%) $418,309 (-1.3%) 0.88 2,847
    2025-01-01 $354,495 (-2.4%) $417,441 (-2.9%) 0.89 2,683
    2025-02-01 $358,075 (-1.9%) $422,599 (-3.5%) 0.87 2,667
    2025-03-01 $356,250 (-3.2%) $423,053 (-3.7%) 0.84 2,626
    2025-04-01 $357,450 (-4.9%) $426,213 (-5.2%) 0.83 2,794
    Des Moines's median listing price for 2025-04-01 was $357,450, a difference of $-18,248 (-4.9%) versus the prior year and $1,200 versus the prior month.

    Des Moines's median listing price comes in at 83% of the national average.

    Des Moines's average listing price for 2025-04-01 was $426,213, a difference of $-23,434 (-5.2%) versus the prior year and $3,160 versus the prior month.

    For the 2025-04-01 period, Des Moines had 2,794 MLS listings, a difference of 168 listings (6%) versus the prior month and 447 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Des Moines (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 93 days 1,619 sqft
    2018-02-01 88 days 1,627 sqft
    2018-03-01 73 days 1,630 sqft
    2018-04-01 66 days 1,634 sqft
    2018-05-01 59 days 1,642 sqft
    2018-06-01 57 days 1,633 sqft
    2018-07-01 57 days 1,632 sqft
    2018-08-01 61 days 1,620 sqft
    2018-09-01 64 days 1,610 sqft
    2018-10-01 68 days 1,608 sqft
    2018-11-01 77 days 1,607 sqft
    2018-12-01 87 days 1,596 sqft
    2019-01-01 91 days 1,589 sqft
    2019-02-01 95 days 1,596 sqft
    2019-03-01 83 days 1,599 sqft
    2019-04-01 64 days 1,602 sqft
    2019-05-01 52 days 1,606 sqft
    2019-06-01 53 days 1,610 sqft
    2019-07-01 59 days 1,599 sqft
    2019-08-01 60 days 1,586 sqft
    2019-09-01 63 days 1,568 sqft
    2019-10-01 64 days 1,556 sqft
    2019-11-01 65 days 1,544 sqft
    2019-12-01 74 days 1,537 sqft
    2020-01-01 82 days 1,528 sqft
    2020-02-01 86 days 1,546 sqft
    2020-03-01 67 days 1,564 sqft
    2020-04-01 62 days 1,557 sqft
    2020-05-01 61 days 1,579 sqft
    2020-06-01 62 days 1,596 sqft
    2020-07-01 58 days 1,595 sqft
    2020-08-01 56 days 1,575 sqft
    2020-09-01 60 days 1,552 sqft
    2020-10-01 59 days 1,532 sqft
    2020-11-01 64 days 1,519 sqft
    2020-12-01 71 days 1,516 sqft
    2021-01-01 78 days 1,512 sqft
    2021-02-01 74 days 1,510 sqft
    2021-03-01 57 days 1,515 sqft
    2021-04-01 49 days 1,518 sqft
    2021-05-01 43 days 1,518 sqft
    2021-06-01 50 days 1,522 sqft
    2021-07-01 51 days 1,514 sqft
    2021-08-01 52 days 1,512 sqft
    2021-09-01 51 days 1,503 sqft
    2021-10-01 54 days 1,498 sqft
    2021-11-01 58 days 1,494 sqft
    2021-12-01 62 days 1,494 sqft
    2022-01-01 81 days 1,501 sqft
    2022-02-01 73 days 1,511 sqft
    2022-03-01 49 days 1,514 sqft
    2022-04-01 46 days 1,534 sqft
    2022-05-01 44 days 1,534 sqft
    2022-06-01 46 days 1,545 sqft
    2022-07-01 46 days 1,540 sqft
    2022-08-01 52 days 1,554 sqft
    2022-09-01 56 days 1,552 sqft
    2022-10-01 57 days 1,540 sqft
    2022-11-01 60 days 1,550 sqft
    2022-12-01 73 days 1,550 sqft
    2023-01-01 89 days 1,552 sqft
    2023-02-01 93 days 1,562 sqft
    2023-03-01 72 days 1,566 sqft
    2023-04-01 65 days 1,566 sqft
    2023-05-01 58 days 1,598 sqft
    2023-06-01 51 days 1,601 sqft
    2023-07-01 53 days 1,605 sqft
    2023-08-01 57 days 1,601 sqft
    2023-09-01 61 days 1,598 sqft
    2023-10-01 61 days 1,586 sqft
    2023-11-01 61 days 1,567 sqft
    2023-12-01 71 days 1,563 sqft
    2024-01-01 81 days 1,564 sqft
    2024-02-01 76 days 1,566 sqft
    2024-03-01 52 days 1,558 sqft
    2024-04-01 46 days 1,580 sqft
    2024-05-01 47 days 1,590 sqft
    2024-06-01 53 days 1,577 sqft
    2024-07-01 58 days 1,578 sqft
    2024-08-01 60 days 1,560 sqft
    2024-09-01 61 days 1,545 sqft
    2024-10-01 60 days 1,537 sqft
    2024-11-01 61 days 1,542 sqft
    2024-12-01 72 days 1,530 sqft
    2025-01-01 80 days 1,529 sqft
    2025-02-01 78 days 1,522 sqft
    2025-03-01 64 days 1,522 sqft
    2025-04-01 57 days 1,523 sqft
    Des Moines's median listing age (time on market) for 2025-04-01 was 57 days. This is 23% longer than the same period one year ago.

    Des Moines's median square footage for active listings during the 2025-04-01 period was 1,523 sqft. One year prior, the average listing was 1,580 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.