Hannibal VA Loan Rates, Closing Costs & Stats

Hannibal, 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.

    Hannibal's 19 lenders originated 54 VA loans during 2024. The total origination value was $12,680,000, with an average VA loan value of $234,815.

    Hannibal VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hannibal averaged 0.3% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Hannibal's average VA mortgage closing costs are $4,196.

    The average rate for the prior week (2025-06-27) was 6.43% and one month ago for the week of 2025-05-30, the average rate was 6.86%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.2%.

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

    Hannibal 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 Hannibal level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 23 6.13% $6,130
    FLAT BRANCH MORTGAGE, INC. 4 6.38% $4,781
    THOMPSON KANE & COMPANY, LLC 4 5.97% $3,414
    UNITED WHOLESALE MORTGAGE, LLC 3 5.67% $14,322
    QUICKEN LOANS, LLC 3 6.45% $11,600
    CROSSCOUNTRY MORTGAGE, LLC 2 6.00% $7,261
    NAVY FEDERAL CREDIT UNION 2 6.25% $2,606
    PENNYMAC LOAN SERVICES, LLC 2 5.99% $6,720
    Mortgage Investment Services Corporation 1 7.25% $3,480
    LOANDEPOT.COM, LLC 1 6.99% $6,940
    USAA Federal Savings Bank 1 6.38% $3,141
    VILLAGE CAPITAL MORTGAGE 1 5.75% $4,274
    PLANET HOME LENDING, LLC 1 5.75% $757
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.75% $7,883
    GUILD MORTGAGE COMPANY 1 6.75% $3,394
    TOP FLITE FINANCIAL, INC. 1 7.38% $17,441
    DAS Acquisition Company, LLC 1 6.75% $0
    Mid-Continent Funding, Inc. 1 5.00% $2,210
    Midwest Mortgage Associates Corporation 1 5.25% $7,708

    The top Hannibal VA lender as defined by loan originations is Mortgage Research Center, LLC, with 23 VA loans originated. Their average total fees are $6,130, which is $1,350 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Hannibal VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,130), .

    The lowest rate Hannibal VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.13%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hannibal (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 $154,350 (18.8%) $206,925 (16.1%) 0.00 118
    2018-02-01 $158,675 (22.1%) $203,381 (13.4%) 0.00 102
    2018-03-01 $155,000 (13.2%) $209,946 (21.2%) 0.00 103
    2018-04-01 $149,900 (7.8%) $204,525 (18.7%) 0.00 104
    2018-05-01 $149,975 (10.7%) $202,220 (12.4%) 0.00 117
    2018-06-01 $139,900 (3.7%) $187,262 (6.7%) 0.00 118
    2018-07-01 $145,850 (8.1%) $191,111 (5.9%) 0.00 120
    2018-08-01 $146,750 (5.6%) $192,367 (1.3%) 0.00 120
    2018-09-01 $167,400 (19.7%) $214,001 (8.6%) 0.00 133
    2018-10-01 $150,500 (8.7%) $200,085 (2.3%) 0.00 129
    2018-11-01 $151,000 (10.0%) $197,672 (-3.0%) 0.00 129
    2018-12-01 $147,250 (5.3%) $194,388 (-6.2%) 0.00 125
    2019-01-01 $141,850 (-8.1%) $192,778 (-6.8%) 0.00 118
    2019-02-01 $150,000 (-5.5%) $200,982 (-1.2%) 0.00 108
    2019-03-01 $159,000 (2.6%) $198,718 (-5.4%) 0.00 105
    2019-04-01 $167,000 (11.4%) $195,481 (-4.4%) 0.00 99
    2019-05-01 $165,000 (10.0%) $187,251 (-7.4%) 0.00 109
    2019-06-01 $155,750 (11.3%) $186,345 (-0.5%) 0.00 113
    2019-07-01 $148,075 (1.5%) $182,932 (-4.3%) 0.00 124
    2019-08-01 $148,668 (1.3%) $188,149 (-2.2%) 0.00 118
    2019-09-01 $156,420 (-6.6%) $204,719 (-4.3%) 0.00 104
    2019-10-01 $159,114 (5.7%) $206,755 (3.3%) 0.00 95
    2019-11-01 $125,500 (-16.9%) $188,172 (-4.8%) 0.00 99
    2019-12-01 $126,600 (-14.0%) $184,108 (-5.3%) 0.00 92
    2020-01-01 $133,450 (-5.9%) $180,285 (-6.5%) 0.00 99
    2020-02-01 $155,000 (3.3%) $210,060 (4.5%) 0.00 77
    2020-03-01 $168,675 (6.1%) $216,985 (9.2%) 0.00 79
    2020-04-01 $148,250 (-11.2%) $210,274 (7.6%) 0.00 82
    2020-05-01 $154,450 (-6.4%) $209,789 (12.0%) 0.00 75
    2020-06-01 $157,725 (1.3%) $208,163 (11.7%) 0.00 63
    2020-07-01 $182,750 (23.4%) $226,542 (23.8%) 0.00 64
    2020-08-01 $169,900 (14.3%) $227,158 (20.7%) 0.00 65
    2020-09-01 $138,325 (-11.6%) $192,050 (-6.2%) 0.00 61
    2020-10-01 $138,500 (-13.0%) $189,974 (-8.1%) 0.00 59
    2020-11-01 $117,775 (-6.2%) $190,029 (1.0%) 0.00 51
    2020-12-01 $122,525 (-3.2%) $185,703 (0.9%) 0.00 46
    2021-01-01 $127,700 (-4.3%) $196,304 (8.9%) 0.00 41
    2021-02-01 $136,250 (-12.1%) $246,559 (17.4%) 0.00 42
    2021-03-01 $125,000 (-25.9%) $231,422 (6.7%) 0.00 37
    2021-04-01 $141,950 (-4.3%) $235,217 (11.9%) 0.00 37
    2021-05-01 $149,700 (-3.1%) $258,343 (23.1%) 0.00 37
    2021-06-01 $163,750 (3.8%) $305,147 (46.6%) 0.00 43
    2021-07-01 $162,400 (-11.1%) $286,645 (26.5%) 0.00 45
    2021-08-01 $162,850 (-4.2%) $283,209 (24.7%) 0.00 54
    2021-09-01 $178,375 (29.0%) $296,447 (54.4%) 0.00 46
    2021-10-01 $149,000 (7.6%) $309,284 (62.8%) 0.00 38
    2021-11-01 $143,125 (21.5%) $293,437 (54.4%) 0.00 46
    2021-12-01 $161,200 (31.6%) $268,608 (44.6%) 0.00 53
    2022-01-01 $170,000 (33.1%) $264,393 (34.7%) 0.00 49
    2022-02-01 $149,000 (9.4%) $228,452 (-7.3%) 0.00 47
    2022-03-01 $136,375 (9.1%) $227,086 (-1.9%) 0.00 42
    2022-04-01 $139,900 (-1.4%) $222,094 (-5.6%) 0.00 45
    2022-05-01 $163,725 (9.4%) $240,178 (-7.0%) 0.00 56
    2022-06-01 $193,675 (18.3%) $249,476 (-18.2%) 0.00 71
    2022-07-01 $232,000 (42.9%) $264,031 (-7.9%) 0.00 66
    2022-08-01 $178,750 (9.8%) $240,791 (-15.0%) 0.00 75
    2022-09-01 $177,250 (-0.6%) $230,937 (-22.1%) 0.00 72
    2022-10-01 $173,000 (16.1%) $224,090 (-27.6%) 0.00 69
    2022-11-01 $168,225 (17.5%) $217,361 (-25.9%) 0.00 68
    2022-12-01 $169,900 (5.4%) $226,675 (-15.6%) 0.00 59
    2023-01-01 $164,225 (-3.4%) $211,769 (-19.9%) 0.00 51
    2023-02-01 $178,725 (20.0%) $233,384 (2.2%) 0.00 48
    2023-03-01 $182,000 (33.5%) $259,337 (14.2%) 0.00 48
    2023-04-01 $180,000 (28.7%) $252,227 (13.6%) 0.00 40
    2023-05-01 $174,000 (6.3%) $264,917 (10.3%) 0.00 38
    2023-06-01 $197,250 (1.9%) $251,019 (0.6%) 0.00 41
    2023-07-01 $169,900 (-26.8%) $223,340 (-15.4%) 0.00 35
    2023-08-01 $220,750 (23.5%) $236,993 (-1.6%) 0.00 51
    2023-09-01 $210,000 (18.5%) $238,254 (3.2%) 0.00 52
    2023-10-01 $213,750 (23.6%) $242,765 (8.3%) 0.00 63
    2023-11-01 $225,000 (33.8%) $269,654 (24.1%) 0.00 69
    2023-12-01 $217,500 (28.0%) $263,877 (16.4%) 0.00 63
    2024-01-01 $219,750 (33.8%) $270,653 (27.8%) 0.00 47
    2024-02-01 $192,100 (7.5%) $258,902 (10.9%) 0.00 42
    2024-03-01 $184,950 (1.6%) $246,226 (-5.1%) 0.00 47
    2024-04-01 $192,500 (6.9%) $250,893 (-0.5%) 0.00 62
    2024-05-01 $247,500 (42.2%) $285,544 (7.8%) 0.00 65
    2024-06-01 $235,000 (19.1%) $274,158 (9.2%) 0.00 68
    2024-07-01 $223,500 (31.6%) $282,932 (26.7%) 0.00 61
    2024-08-01 $267,500 (21.2%) $316,811 (33.7%) 0.00 59
    2024-09-01 $278,475 (32.6%) $325,574 (36.7%) 0.00 77
    2024-10-01 $234,200 (9.6%) $303,548 (25.0%) 0.00 81
    2024-11-01 $240,000 (6.7%) $315,555 (17.0%) 0.00 74
    2024-12-01 $222,250 (2.2%) $297,335 (12.7%) 0.00 79
    2025-01-01 $227,000 (3.3%) $297,268 (9.8%) 0.00 81
    2025-02-01 $226,400 (17.9%) $301,480 (16.5%) 0.00 76
    2025-03-01 $254,900 (37.8%) $276,328 (12.2%) 0.00 75
    2025-04-01 $256,250 (33.1%) $278,385 (11.0%) 0.00 80
    2025-05-01 $253,000 (2.2%) $277,409 (-2.9%) 0.00 85
    Hannibal's median listing price for 2025-05-01 was $253,000, a difference of $5,500 (2.2%) versus the prior year and $-3,250 versus the prior month.

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

    Hannibal's average listing price for 2025-05-01 was $277,409, a difference of $-8,135 (-2.9%) versus the prior year and $-976 versus the prior month.

    For the 2025-05-01 period, Hannibal had 85 MLS listings, a difference of 5 listings (6%) versus the prior month and 20 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hannibal (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,487 sqft
    2018-02-01 0 days 1,608 sqft
    2018-03-01 0 days 1,500 sqft
    2018-04-01 0 days 1,474 sqft
    2018-05-01 0 days 1,494 sqft
    2018-06-01 0 days 1,498 sqft
    2018-07-01 0 days 1,482 sqft
    2018-08-01 0 days 1,558 sqft
    2018-09-01 0 days 1,590 sqft
    2018-10-01 0 days 1,693 sqft
    2018-11-01 0 days 1,610 sqft
    2018-12-01 0 days 1,584 sqft
    2019-01-01 0 days 1,592 sqft
    2019-02-01 0 days 1,551 sqft
    2019-03-01 0 days 1,565 sqft
    2019-04-01 0 days 1,588 sqft
    2019-05-01 0 days 1,561 sqft
    2019-06-01 0 days 1,515 sqft
    2019-07-01 0 days 1,478 sqft
    2019-08-01 0 days 1,515 sqft
    2019-09-01 0 days 1,614 sqft
    2019-10-01 0 days 1,679 sqft
    2019-11-01 0 days 1,606 sqft
    2019-12-01 0 days 1,640 sqft
    2020-01-01 0 days 1,601 sqft
    2020-02-01 0 days 1,761 sqft
    2020-03-01 0 days 1,982 sqft
    2020-04-01 0 days 1,977 sqft
    2020-05-01 0 days 1,960 sqft
    2020-06-01 0 days 1,812 sqft
    2020-07-01 0 days 1,900 sqft
    2020-08-01 0 days 1,716 sqft
    2020-09-01 0 days 1,660 sqft
    2020-10-01 0 days 1,609 sqft
    2020-11-01 0 days 1,441 sqft
    2020-12-01 0 days 1,717 sqft
    2021-01-01 0 days 1,764 sqft
    2021-02-01 0 days 1,756 sqft
    2021-03-01 0 days 1,524 sqft
    2021-04-01 0 days 1,513 sqft
    2021-05-01 0 days 1,652 sqft
    2021-06-01 0 days 1,623 sqft
    2021-07-01 0 days 1,792 sqft
    2021-08-01 0 days 1,846 sqft
    2021-09-01 0 days 1,896 sqft
    2021-10-01 0 days 1,650 sqft
    2021-11-01 0 days 1,552 sqft
    2021-12-01 0 days 1,687 sqft
    2022-01-01 0 days 1,725 sqft
    2022-02-01 0 days 1,509 sqft
    2022-03-01 0 days 1,589 sqft
    2022-04-01 0 days 1,548 sqft
    2022-05-01 0 days 1,658 sqft
    2022-06-01 0 days 1,832 sqft
    2022-07-01 0 days 1,920 sqft
    2022-08-01 0 days 1,833 sqft
    2022-09-01 0 days 1,881 sqft
    2022-10-01 0 days 1,611 sqft
    2022-11-01 0 days 1,781 sqft
    2022-12-01 0 days 1,800 sqft
    2023-01-01 0 days 1,658 sqft
    2023-02-01 0 days 1,800 sqft
    2023-03-01 0 days 1,909 sqft
    2023-04-01 0 days 1,980 sqft
    2023-05-01 0 days 1,975 sqft
    2023-06-01 0 days 1,909 sqft
    2023-07-01 0 days 1,847 sqft
    2023-08-01 0 days 1,830 sqft
    2023-09-01 0 days 1,730 sqft
    2023-10-01 0 days 1,760 sqft
    2023-11-01 0 days 1,757 sqft
    2023-12-01 0 days 1,655 sqft
    2024-01-01 0 days 1,580 sqft
    2024-02-01 0 days 1,435 sqft
    2024-03-01 0 days 1,425 sqft
    2024-04-01 0 days 1,423 sqft
    2024-05-01 0 days 1,497 sqft
    2024-06-01 0 days 1,688 sqft
    2024-07-01 0 days 1,786 sqft
    2024-08-01 0 days 1,850 sqft
    2024-09-01 0 days 1,799 sqft
    2024-10-01 0 days 1,789 sqft
    2024-11-01 0 days 1,778 sqft
    2024-12-01 0 days 1,722 sqft
    2025-01-01 0 days 1,533 sqft
    2025-02-01 0 days 1,759 sqft
    2025-03-01 0 days 1,696 sqft
    2025-04-01 0 days 1,730 sqft
    2025-05-01 0 days 1,644 sqft
    Hannibal's median listing age (time on market) for 2025-05-01 was 0 days.

    Hannibal's median square footage for active listings during the 2025-05-01 period was 1,644 sqft. One year prior, the average listing was 1,497 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.