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 6.66% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.61% and one month ago for the week of 2024-10-04, the average rate was 5.64%.

    The average rate one year ago was 7.3%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.14%.

    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%).

    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.