Fort Leonard Wood VA Loan Rates, Closing Costs & Stats

Fort Leonard Wood, 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.

    Fort Leonard Wood's 51 lenders originated 495 VA loans during 2023. The total origination value was $118,055,000, with an average VA loan value of $238,495.

    Fort Leonard Wood VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fort Leonard Wood averaged 6.78% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Fort Leonard Wood's average VA mortgage closing costs are $5,037.

    The average rate for the prior week (2024-04-12) was 6.91% and one month ago for the week of 2024-03-15, the average rate was 6.57%.

    The average rate one year ago was 6.26%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Fort Leonard Wood 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 Fort Leonard Wood level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 102 6.74% $7,800
    Mortgage Research Center, LLC 96 6.62% $6,602
    NAVY FEDERAL CREDIT UNION 43 5.79% $6,760
    UNITED WHOLESALE MORTGAGE, LLC 32 6.67% $4,183
    QUICKEN LOANS, LLC 20 6.36% $8,105
    BROKER SOLUTIONS, INC. 18 6.73% $7,943
    PENNYMAC LOAN SERVICES, LLC 17 5.32% $4,488
    USAA Federal Savings Bank 16 6.05% $7,585
    LEADERONE FINANCIAL CORPORATION 11 6.68% $7,971
    AMERICAN PACIFIC MORTGAGE CORPORATION 10 5.89% $6,207
    DAS Acquisition Company, LLC 9 7.06% $4,537
    NEW DAY FINANCIAL, LLC 7 7.57% $10,055
    CROSSCOUNTRY MORTGAGE, LLC 7 7.24% $6,615
    Ixonia Bank 7 6.12% $9,331
    GUILD MORTGAGE COMPANY 6 6.29% $10,210
    PENTAGON FEDERAL CREDIT UNION 6 5.71% $6,178
    FREEDOM MORTGAGE CORPORATION 5 6.75% $10,291
    PLANET HOME LENDING, LLC 4 6.25% $6,358
    GUARANTEED RATE, INC. 4 6.39% $5,871
    Armed Forces Bank 4 6.50% $8,971
    ENDEAVOR CAPITAL, LLC. 4 6.41% $11,011
    SUN WEST MORTGAGE COMPANY, INC. 4 6.69% $7,924
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.47% $12,277
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.92% $6,493
    Wells Fargo Bank 2 5.56% $0
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.13% $5,504
    LOANDEPOT.COM, LLC 2 5.99% $10,199
    MOVEMENT MORTGAGE, LLC 2 6.50% $12,680
    North American Savings Bank, F.S.B. 2 5.94% $6,401
    ON Q FINANCIAL, INC. 2 5.88% $5,940
    The Central Trust Bank 2 6.25% $12,689
    VILLAGE CAPITAL MORTGAGE 2 5.25% $10,211
    Barrington Bank & Trust Company, N.A. 1 7.25% $4,474
    Mid-Continent Funding, Inc. 1 5.75% $7,508
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $5,605
    First State Bank of St. Charles, Missouri 1 6.25% $150
    PLAZA HOME MORTGAGE, INC. 1 7.13% $11,074
    Community Mortgage Banc Corporation 1 7.25% $2,235
    Prosperity Home Mortgage, LLC 1 7.25% $9,304
    CHURCHILL MORTGAGE CORPORATION 1 7.13% $6,384
    ROYAL UNITED MORTGAGE LLC 1 7.75% $19,088
    Service Federal Credit Union 1 6.88% $4,176
    SIRVA MORTGAGE, INC. 1 6.13% $14,202
    CALCON MUTUAL MORTGAGE LLC 1 5.63% $2,484
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $12,366
    The Federal Savings Bank 1 6.25% $15,562
    Truist 1 6.25% $1,870
    Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $10,358
    NBKC BANK 1 5.63% $2,972
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    BNC National Bank 1 5.75% $10,507

    The top Fort Leonard Wood VA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 102 VA loans originated. Their average total fees are $7,800, which is $1,199 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Fort Leonard Wood VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($4,183), PENNYMAC LOAN SERVICES, LLC ($4,488), AMERICAN PACIFIC MORTGAGE CORPORATION ($6,207), Mortgage Research Center, LLC ($6,602) and NAVY FEDERAL CREDIT UNION ($6,760).

    The lowest rate Fort Leonard Wood VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.32%), NAVY FEDERAL CREDIT UNION (5.79%), AMERICAN PACIFIC MORTGAGE CORPORATION (5.89%), USAA Federal Savings Bank (6.05%) and QUICKEN LOANS, LLC (6.36%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fort Leonard Wood (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 $143,475 (2.6%) $146,311 (-0.2%) 0.00 371
    2018-02-01 $148,500 (6.1%) $146,625 (-0.5%) 0.00 379
    2018-03-01 $149,000 (6.5%) $147,651 (-0.5%) 0.00 371
    2018-04-01 $149,900 (7.1%) $147,529 (-0.9%) 0.00 394
    2018-05-01 $149,900 (7.1%) $149,266 (-0.8%) 0.00 399
    2018-06-01 $149,900 (7.2%) $152,083 (2.5%) 0.00 412
    2018-07-01 $153,450 (9.7%) $156,871 (6.2%) 0.00 411
    2018-08-01 $149,950 (7.2%) $157,372 (5.2%) 0.00 400
    2018-09-01 $150,000 (7.2%) $158,045 (7.9%) 0.00 411
    2018-10-01 $150,475 (7.5%) $158,924 (8.4%) 0.00 391
    2018-11-01 $147,500 (5.4%) $157,697 (7.7%) 0.00 374
    2018-12-01 $145,000 (3.6%) $156,694 (6.5%) 0.00 350
    2019-01-01 $147,450 (2.8%) $158,188 (8.1%) 0.00 315
    2019-02-01 $149,900 (0.9%) $159,223 (8.6%) 0.00 316
    2019-03-01 $151,014 (1.4%) $160,529 (8.7%) 0.00 296
    2019-04-01 $152,314 (1.6%) $161,869 (9.7%) 0.00 298
    2019-05-01 $154,675 (3.2%) $165,676 (11.0%) 0.00 311
    2019-06-01 $149,900 (0.0%) $162,495 (6.9%) 0.00 315
    2019-07-01 $149,900 (-2.3%) $161,757 (3.1%) 0.00 319
    2019-08-01 $148,536 (-0.9%) $158,940 (1.0%) 0.00 319
    2019-09-01 $146,491 (-2.3%) $155,484 (-1.6%) 0.00 311
    2019-10-01 $144,950 (-3.7%) $152,812 (-3.9%) 0.00 305
    2019-11-01 $145,750 (-1.2%) $156,032 (-1.1%) 0.00 284
    2019-12-01 $149,900 (3.4%) $159,468 (1.8%) 0.00 275
    2020-01-01 $149,825 (1.6%) $161,688 (2.2%) 0.00 256
    2020-02-01 $154,900 (3.3%) $166,338 (4.5%) 0.00 260
    2020-03-01 $154,925 (2.6%) $167,560 (4.4%) 0.00 226
    2020-04-01 $159,450 (4.7%) $168,862 (4.3%) 0.00 212
    2020-05-01 $154,400 (-0.2%) $166,364 (0.4%) 0.00 201
    2020-06-01 $153,950 (2.7%) $169,087 (4.1%) 0.00 171
    2020-07-01 $149,925 (0.0%) $162,119 (0.2%) 0.00 157
    2020-08-01 $153,450 (3.3%) $165,249 (4.0%) 0.00 150
    2020-09-01 $151,900 (3.7%) $160,606 (3.3%) 0.00 162
    2020-10-01 $139,200 (-4.0%) $150,877 (-1.3%) 0.00 151
    2020-11-01 $136,500 (-6.4%) $144,486 (-7.4%) 0.00 142
    2020-12-01 $131,450 (-12.3%) $142,093 (-10.9%) 0.00 127
    2021-01-01 $133,000 (-11.2%) $142,504 (-11.9%) 0.00 93
    2021-02-01 $130,225 (-15.9%) $138,229 (-16.9%) 0.00 76
    2021-03-01 $148,125 (-4.4%) $149,700 (-10.7%) 0.00 73
    2021-04-01 $154,950 (-2.8%) $156,604 (-7.3%) 0.00 71
    2021-05-01 $161,000 (4.3%) $184,157 (10.7%) 0.00 74
    2021-06-01 $167,350 (8.7%) $199,160 (17.8%) 0.00 94
    2021-07-01 $177,000 (18.1%) $217,349 (34.1%) 0.00 121
    2021-08-01 $179,325 (16.9%) $229,918 (39.1%) 0.00 119
    2021-09-01 $180,725 (19.0%) $230,323 (43.4%) 0.00 113
    2021-10-01 $172,500 (23.9%) $228,788 (51.6%) 0.00 103
    2021-11-01 $173,625 (27.2%) $218,735 (51.4%) 0.00 87
    2021-12-01 $175,000 (33.1%) $218,685 (53.9%) 0.00 83
    2022-01-01 $184,000 (38.4%) $237,681 (66.8%) 0.00 69
    2022-02-01 $182,250 (40.0%) $240,391 (73.9%) 0.00 72
    2022-03-01 $198,600 (34.1%) $252,701 (68.8%) 0.00 76
    2022-04-01 $204,900 (32.2%) $248,530 (58.7%) 0.00 91
    2022-05-01 $222,400 (38.1%) $255,411 (38.7%) 0.00 100
    2022-06-01 $221,350 (32.3%) $253,885 (27.5%) 0.00 118
    2022-07-01 $225,000 (27.1%) $256,869 (18.2%) 0.00 129
    2022-08-01 $219,950 (22.7%) $249,169 (8.4%) 0.00 126
    2022-09-01 $224,875 (24.4%) $255,084 (10.8%) 0.00 108
    2022-10-01 $219,900 (27.5%) $240,649 (5.2%) 0.00 116
    2022-11-01 $201,750 (16.2%) $224,845 (2.8%) 0.00 115
    2022-12-01 $209,900 (19.9%) $223,809 (2.3%) 0.00 123
    2023-01-01 $199,500 (8.4%) $217,734 (-8.4%) 0.00 104
    2023-02-01 $202,475 (11.1%) $235,702 (-2.0%) 0.00 90
    2023-03-01 $221,150 (11.4%) $254,674 (0.8%) 0.00 83
    2023-04-01 $224,950 (9.8%) $243,769 (-1.9%) 0.00 82
    2023-05-01 $239,700 (7.8%) $265,612 (4.0%) 0.00 99
    2023-06-01 $226,250 (2.2%) $255,049 (0.5%) 0.00 123
    2023-07-01 $229,900 (2.2%) $257,918 (0.4%) 0.00 126
    2023-08-01 $229,225 (4.2%) $251,358 (0.9%) 0.00 124
    2023-09-01 $229,000 (1.8%) $262,539 (2.9%) 0.00 120
    2023-10-01 $230,000 (4.6%) $262,143 (8.9%) 0.00 120
    2023-11-01 $232,850 (15.4%) $249,023 (10.8%) 0.00 117
    2023-12-01 $225,000 (7.2%) $247,193 (10.5%) 0.00 114
    2024-01-01 $225,000 (12.8%) $240,946 (10.7%) 0.00 119
    2024-02-01 $235,575 (16.4%) $249,365 (5.8%) 0.00 106
    2024-03-01 $235,000 (6.3%) $257,875 (1.3%) 0.00 115
    Fort Leonard Wood's median listing price for 2024-03-01 was $235,000, a difference of $13,850 (6.3%) versus the prior year and $-575 versus the prior month.

    Fort Leonard Wood's median listing price comes in at 0% of the national average.

    Fort Leonard Wood's average listing price for 2024-03-01 was $257,875, a difference of $3,201 (1.3%) versus the prior year and $8,510 versus the prior month.

    For the 2024-03-01 period, Fort Leonard Wood had 115 MLS listings, a difference of 9 listings (8%) versus the prior month and 32 listings (39%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fort Leonard Wood (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,891 sqft
    2018-02-01 0 days 1,892 sqft
    2018-03-01 0 days 1,856 sqft
    2018-04-01 0 days 1,856 sqft
    2018-05-01 0 days 1,791 sqft
    2018-06-01 0 days 1,836 sqft
    2018-07-01 0 days 1,948 sqft
    2018-08-01 0 days 1,964 sqft
    2018-09-01 0 days 1,964 sqft
    2018-10-01 0 days 1,601 sqft
    2018-11-01 0 days 1,598 sqft
    2018-12-01 0 days 1,586 sqft
    2019-01-01 0 days 1,578 sqft
    2019-02-01 0 days 1,600 sqft
    2019-03-01 0 days 1,745 sqft
    2019-04-01 0 days 1,919 sqft
    2019-05-01 0 days 1,956 sqft
    2019-06-01 0 days 1,887 sqft
    2019-07-01 0 days 1,861 sqft
    2019-08-01 0 days 1,836 sqft
    2019-09-01 0 days 1,810 sqft
    2019-10-01 0 days 1,798 sqft
    2019-11-01 0 days 1,800 sqft
    2019-12-01 0 days 1,800 sqft
    2020-01-01 0 days 1,820 sqft
    2020-02-01 0 days 1,847 sqft
    2020-03-01 0 days 1,829 sqft
    2020-04-01 0 days 1,803 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,789 sqft
    2020-07-01 0 days 1,769 sqft
    2020-08-01 0 days 1,681 sqft
    2020-09-01 0 days 1,658 sqft
    2020-10-01 0 days 1,580 sqft
    2020-11-01 0 days 1,575 sqft
    2020-12-01 0 days 1,531 sqft
    2021-01-01 0 days 1,505 sqft
    2021-02-01 0 days 1,500 sqft
    2021-03-01 0 days 1,511 sqft
    2021-04-01 0 days 1,544 sqft
    2021-05-01 0 days 1,576 sqft
    2021-06-01 0 days 1,625 sqft
    2021-07-01 0 days 1,696 sqft
    2021-08-01 0 days 1,800 sqft
    2021-09-01 0 days 1,800 sqft
    2021-10-01 0 days 1,666 sqft
    2021-11-01 0 days 1,611 sqft
    2021-12-01 0 days 1,615 sqft
    2022-01-01 0 days 1,700 sqft
    2022-02-01 0 days 1,712 sqft
    2022-03-01 0 days 1,720 sqft
    2022-04-01 0 days 1,960 sqft
    2022-05-01 0 days 1,842 sqft
    2022-06-01 0 days 1,905 sqft
    2022-07-01 0 days 1,976 sqft
    2022-08-01 0 days 1,976 sqft
    2022-09-01 0 days 1,997 sqft
    2022-10-01 0 days 1,939 sqft
    2022-11-01 0 days 1,749 sqft
    2022-12-01 0 days 1,798 sqft
    2023-01-01 0 days 1,736 sqft
    2023-02-01 0 days 1,751 sqft
    2023-03-01 0 days 1,858 sqft
    2023-04-01 0 days 1,900 sqft
    2023-05-01 0 days 1,874 sqft
    2023-06-01 0 days 1,719 sqft
    2023-07-01 0 days 1,725 sqft
    2023-08-01 0 days 1,771 sqft
    2023-09-01 0 days 1,778 sqft
    2023-10-01 0 days 1,793 sqft
    2023-11-01 0 days 1,705 sqft
    2023-12-01 0 days 1,638 sqft
    2024-01-01 0 days 1,586 sqft
    2024-02-01 0 days 1,679 sqft
    2024-03-01 0 days 1,718 sqft
    Fort Leonard Wood's median listing age (time on market) for 2024-03-01 was 0 days.

    Fort Leonard Wood's median square footage for active listings during the 2024-03-01 period was 1,718 sqft. One year prior, the average listing was 1,858 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.