Jackson VA Loan Rates, Closing Costs & Stats

JACKSON, MS

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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.

    Jackson's 80 lenders originated 731 VA loans during 2024. The total origination value was $222,935,000, with an average VA loan value of $304,973.

    Jackson VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Jackson averaged 6.88% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Jackson's average VA mortgage closing costs are $5,829.

    The average rate for the prior week (2025-07-04) was 6.69% and one month ago for the week of 2025-06-06, the average rate was 6.96%.

    The average rate one year ago was 6.78%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.41%.

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

    Jackson 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 Jackson level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 149 6.55% $4,712
    QUICKEN LOANS, LLC 49 5.92% $11,132
    UNITED WHOLESALE MORTGAGE, LLC 45 6.00% $4,857
    FREEDOM MORTGAGE CORPORATION 39 6.24% $6,227
    Trustmark National Bank 32 6.51% $5,929
    NEW DAY FINANCIAL, LLC 25 7.56% $13,214
    USAA Federal Savings Bank 22 6.13% $7,888
    PLANET HOME LENDING, LLC 21 6.26% $5,206
    PENNYMAC LOAN SERVICES, LLC 20 5.52% $6,302
    NAVY FEDERAL CREDIT UNION 20 5.89% $6,111
    GUILD MORTGAGE COMPANY 14 6.40% $11,016
    American Mortgage Bank, LLC 14 6.67% $7,133
    BancorpSouth 11 6.22% $12,043
    Community Bank of Mississippi 10 6.45% $6,060
    VILLAGE CAPITAL MORTGAGE 10 5.54% $6,030
    Barrington Bank & Trust Company, N.A. 9 6.53% $9,519
    MORTGAGE INVESTORS GROUP, INC. 9 6.75% $7,490
    Renasant Bank 9 6.28% $11,945
    KEESLER 9 5.53% $5,589
    LOANDEPOT.COM, LLC 8 6.34% $8,760
    ACOPIA, LLC 8 6.14% $6,615
    Origin Bank 7 6.37% $4,318
    NEWREZ LLC 7 5.76% $8,646
    CROSSCOUNTRY MORTGAGE, LLC 6 6.55% $4,591
    BankPlus 5 5.83% $10,465
    Mr. Cooper ( Nationstar Mortgage ) 5 6.40% $11,302
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 6.70% $3,267
    Bank of England 4 6.03% $14,134
    Magnolia Bank 4 5.94% $10,149
    STOCKTON MORTGAGE CORPORATION 4 6.50% $10,847
    DHI MORTGAGE COMPANY, LTD. 4 4.99% $3,898
    CMG MORTGAGE, INC. 4 6.28% $9,714
    JPMorgan Chase Bank 4 5.59% $6,204
    Lakeview Community Capital, LLC 4 5.81% $4,333
    LAKEVIEW LOAN SERVICING, LLC 4 6.06% $5,148
    FIDELITY BANK 3 6.50% $8,894
    Hancock Whitney Bank 3 6.46% $8,315
    OPEN MORTGAGE, LLC 3 6.00% $5,202
    SWBC MORTGAGE CORPORATION 3 6.38% $7,102
    The Federal Savings Bank 3 6.17% $16,476
    TOWNE MORTGAGE COMPANY 3 7.08% $10,375
    UNION HOME MORTGAGE CORP. 3 6.75% $11,744
    GUARANTEED RATE, INC. 3 6.58% $6,735
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.25% $14,688
    Equity Prime Mortgage LLC 2 6.19% $2,802
    First Horizon Bank 2 5.94% $12,786
    American Mortgage & Equity Consultants, Inc. 2 6.94% $6,784
    Flagstar Bank, FSB 2 6.13% $6,952
    Texana Bank 2 6.00% $3,728
    CARDINAL FINANCIAL 2 6.00% $11,729
    Ixonia Bank 2 7.13% $12,159
    EVANSVILLE TEACHERS 1 7.00% $11,385
    FIRST COLONY MORTGAGE CORPORATION 1 6.13% $25,458
    FIRST COMMUNITY MORTGAGE, INC. 1 6.99% $3,418
    GMFS LLC 1 5.75% $754
    Goldwater Bank, N.A. 1 8.50% $10,756
    GUARANTEED RATE AFFINITY, LLC 1 6.50% $3,750
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $2,307
    Mid-Continent Funding, Inc. 1 5.99% $19,108
    Carrington Mortgage Services, LLC 1 5.88% $14,525
    MOVEMENT MORTGAGE, LLC 1 6.50% $7,219
    M&T Bank 1 5.88% $11,245
    NBKC BANK 1 6.63% $1,116
    CALCON MUTUAL MORTGAGE LLC 1 7.13% $3,978
    BROKER SOLUTIONS, INC. 1 7.75% $7,928
    PENTAGON FEDERAL CREDIT UNION 1 5.75% $0
    Plains Commerce Bank 1 6.25% $14,878
    PREMIA MORTGAGE, LLC 1 6.00% $10,293
    Presidential Bank, FSB 1 7.13% $2,442
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.84% $2,066
    RELIANCE FIRST CAPITAL, LLC 1 7.63% $11,090
    Assurance Financial Group, L.L.C. 1 5.63% $2,033
    Service Federal Credit Union 1 6.38% $3,228
    ServisFirst Bank 1 6.13% $4,353
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 7.25% $4,442
    Towne Bank 1 6.13% $5,860
    Armed Forces Bank 1 6.25% $3,200
    AMERISAVE MORTGAGE CORPORATION 1 7.25% $10,938
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $14,101
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.99% $8,497

    The top Jackson VA lender as defined by loan originations is Mortgage Research Center, LLC, with 149 VA loans originated. Their average total fees are $4,712, which is $6,421 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Jackson VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,712), UNITED WHOLESALE MORTGAGE, LLC ($4,857), PLANET HOME LENDING, LLC ($5,206), Trustmark National Bank ($5,929) and VILLAGE CAPITAL MORTGAGE ($6,030).

    The lowest rate Jackson VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.52%), VILLAGE CAPITAL MORTGAGE (5.54%), NAVY FEDERAL CREDIT UNION (5.89%), QUICKEN LOANS, LLC (5.92%) and UNITED WHOLESALE MORTGAGE, LLC (6.00%).

    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.