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 6.57% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

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

    The average rate for the prior week (2025-03-28) was 6.69% and one month ago for the week of 2025-02-28, the average rate was 6.76%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.5%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Jackson (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 $229,500 (7.2%) $292,257 (2.0%) 0.85 2,482
    2018-02-01 $229,900 (4.5%) $289,342 (-0.1%) 0.83 2,576
    2018-03-01 $234,900 (4.4%) $294,719 (0.6%) 0.82 2,715
    2018-04-01 $238,950 (4.4%) $300,369 (2.6%) 0.81 2,873
    2018-05-01 $250,000 (9.0%) $324,758 (11.8%) 0.83 2,339
    2018-06-01 $258,000 (12.2%) $327,869 (12.3%) 0.86 2,353
    2018-07-01 $252,400 (9.8%) $326,794 (12.1%) 0.84 2,339
    2018-08-01 $249,000 (7.8%) $320,683 (9.5%) 0.83 2,357
    2018-09-01 $244,500 (6.1%) $315,391 (6.9%) 0.82 2,355
    2018-10-01 $237,625 (3.2%) $303,414 (3.0%) 0.80 2,357
    2018-11-01 $236,825 (3.2%) $306,433 (4.9%) 0.80 2,272
    2018-12-01 $235,000 (1.3%) $305,109 (3.3%) 0.81 2,199
    2019-01-01 $234,925 (2.4%) $305,158 (4.4%) 0.81 2,053
    2019-02-01 $239,900 (4.4%) $314,235 (8.6%) 0.81 2,026
    2019-03-01 $245,571 (4.5%) $319,671 (8.5%) 0.80 2,052
    2019-04-01 $254,000 (6.3%) $324,542 (8.1%) 0.81 2,103
    2019-05-01 $256,000 (2.4%) $326,346 (0.5%) 0.80 2,120
    2019-06-01 $254,900 (-1.2%) $328,237 (0.1%) 0.80 2,133
    2019-07-01 $250,450 (-0.8%) $323,301 (-1.1%) 0.78 2,160
    2019-08-01 $249,973 (0.4%) $323,069 (0.7%) 0.79 2,125
    2019-09-01 $249,932 (2.2%) $322,598 (2.3%) 0.80 2,086
    2019-10-01 $249,450 (5.0%) $320,938 (5.8%) 0.80 2,061
    2019-11-01 $246,400 (4.0%) $315,424 (2.9%) 0.81 2,057
    2019-12-01 $249,000 (6.0%) $313,456 (2.7%) 0.83 1,979
    2020-01-01 $250,000 (6.4%) $316,712 (3.8%) 0.84 1,799
    2020-02-01 $250,000 (4.2%) $312,232 (-0.6%) 0.82 1,784
    2020-03-01 $259,900 (5.8%) $319,194 (-0.2%) 0.81 1,787
    2020-04-01 $261,450 (2.9%) $316,601 (-2.5%) 0.82 1,731
    2020-05-01 $269,900 (5.4%) $330,671 (1.3%) 0.82 1,616
    2020-06-01 $282,261 (10.7%) $345,101 (5.1%) 0.83 1,494
    2020-07-01 $294,975 (17.8%) $352,055 (8.9%) 0.86 1,369
    2020-08-01 $299,999 (20.0%) $360,257 (11.5%) 0.86 1,278
    2020-09-01 $302,450 (21.0%) $378,265 (17.3%) 0.87 1,171
    2020-10-01 $289,450 (16.0%) $374,664 (16.7%) 0.83 1,105
    2020-11-01 $284,425 (15.4%) $375,067 (18.9%) 0.83 1,044
    2020-12-01 $274,500 (10.2%) $366,836 (17.0%) 0.82 937
    2021-01-01 $274,500 (9.8%) $366,004 (15.6%) 0.82 842
    2021-02-01 $276,950 (10.8%) $366,343 (17.3%) 0.81 796
    2021-03-01 $269,900 (3.9%) $361,449 (13.2%) 0.77 719
    2021-04-01 $275,815 (5.5%) $384,678 (21.5%) 0.75 604
    2021-05-01 $275,700 (2.2%) $391,577 (18.4%) 0.73 600
    2021-06-01 $267,950 (-5.1%) $383,879 (11.2%) 0.71 647
    2021-07-01 $274,950 (-6.8%) $374,921 (6.5%) 0.73 719
    2021-08-01 $269,900 (-10.0%) $366,702 (1.8%) 0.72 766
    2021-09-01 $272,425 (-9.9%) $372,134 (-1.6%) 0.73 741
    2021-10-01 $292,400 (1.0%) $399,001 (6.5%) 0.78 724
    2021-11-01 $267,900 (-5.8%) $383,975 (2.4%) 0.72 705
    2021-12-01 $264,950 (-3.5%) $376,619 (2.7%) 0.72 651
    2022-01-01 $270,000 (-1.6%) $378,754 (3.5%) 0.73 574
    2022-02-01 $295,175 (6.6%) $381,988 (4.3%) 0.77 549
    2022-03-01 $305,000 (13.0%) $398,341 (10.2%) 0.76 597
    2022-04-01 $304,999 (10.6%) $405,262 (5.4%) 0.73 632
    2022-05-01 $282,000 (2.3%) $385,397 (-1.6%) 0.64 725
    2022-06-01 $283,200 (5.7%) $373,593 (-2.7%) 0.63 798
    2022-07-01 $306,000 (11.3%) $386,668 (3.1%) 0.69 919
    2022-08-01 $299,950 (11.1%) $377,477 (2.9%) 0.69 977
    2022-09-01 $296,250 (8.8%) $365,880 (-1.7%) 0.69 1,031
    2022-10-01 $298,000 (1.9%) $354,465 (-11.2%) 0.70 1,119
    2022-11-01 $301,488 (12.5%) $354,378 (-7.7%) 0.72 1,144
    2022-12-01 $324,999 (22.7%) $365,418 (-3.0%) 0.80 1,130
    2023-01-01 $317,750 (17.7%) $352,080 (-7.0%) 0.79 1,059
    2023-02-01 $320,000 (8.4%) $358,289 (-6.2%) 0.77 1,072
    2023-03-01 $298,250 (-2.2%) $347,489 (-12.8%) 0.70 1,159
    2023-04-01 $280,000 (-8.2%) $341,340 (-15.8%) 0.65 1,153
    2023-05-01 $289,150 (2.5%) $349,587 (-9.3%) 0.66 1,113
    2023-06-01 $289,450 (2.2%) $352,094 (-5.8%) 0.65 1,176
    2023-07-01 $280,000 (-8.5%) $338,868 (-12.4%) 0.64 1,236
    2023-08-01 $286,450 (-4.5%) $341,191 (-9.6%) 0.66 1,323
    2023-09-01 $286,250 (-3.4%) $343,037 (-6.2%) 0.67 1,397
    2023-10-01 $283,850 (-4.8%) $340,394 (-4.0%) 0.67 1,464
    2023-11-01 $284,000 (-5.8%) $344,026 (-2.9%) 0.68 1,526
    2023-12-01 $285,000 (-12.3%) $347,925 (-4.8%) 0.70 1,494
    2024-01-01 $291,750 (-8.2%) $348,855 (-0.9%) 0.71 1,381
    2024-02-01 $296,375 (-7.4%) $348,891 (-2.6%) 0.71 1,321
    2024-03-01 $299,999 (0.6%) $359,791 (3.5%) 0.71 1,382
    2024-04-01 $307,500 (9.8%) $366,375 (7.3%) 0.72 1,447
    2024-05-01 $320,238 (10.8%) $378,359 (8.2%) 0.73 1,498
    2024-06-01 $319,999 (10.6%) $381,580 (8.4%) 0.73 1,557
    2024-07-01 $319,499 (14.1%) $383,042 (13.0%) 0.73 1,613
    2024-08-01 $310,000 (8.2%) $368,201 (7.9%) 0.72 1,671
    2024-09-01 $311,500 (8.8%) $365,087 (6.4%) 0.73 1,752
    2024-10-01 $307,725 (8.4%) $360,707 (6.0%) 0.72 1,814
    2024-11-01 $300,000 (5.6%) $354,087 (2.9%) 0.72 1,807
    2024-12-01 $299,900 (5.2%) $349,801 (0.5%) 0.75 1,731
    2025-01-01 $299,900 (2.8%) $350,535 (0.5%) 0.75 1,643
    2025-02-01 $309,750 (4.5%) $354,229 (1.5%) 0.75 1,623
    2025-03-01 $315,000 (5.0%) $358,822 (-0.3%) 0.00 1,671
    Jackson's median listing price for 2025-03-01 was $315,000, a difference of $15,001 (5.0%) versus the prior year and $5,250 versus the prior month.

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

    Jackson's average listing price for 2025-03-01 was $358,822, a difference of $-969 (-0.3%) versus the prior year and $4,593 versus the prior month.

    For the 2025-03-01 period, Jackson had 1,671 MLS listings, a difference of 48 listings (3%) versus the prior month and 289 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jackson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 93 days 2,176 sqft
    2018-02-01 91 days 2,150 sqft
    2018-03-01 74 days 2,196 sqft
    2018-04-01 64 days 2,205 sqft
    2018-05-01 65 days 2,362 sqft
    2018-06-01 68 days 2,392 sqft
    2018-07-01 71 days 2,375 sqft
    2018-08-01 72 days 2,336 sqft
    2018-09-01 77 days 2,290 sqft
    2018-10-01 82 days 2,220 sqft
    2018-11-01 90 days 2,235 sqft
    2018-12-01 95 days 2,216 sqft
    2019-01-01 101 days 2,208 sqft
    2019-02-01 99 days 2,261 sqft
    2019-03-01 82 days 2,292 sqft
    2019-04-01 64 days 2,325 sqft
    2019-05-01 63 days 2,334 sqft
    2019-06-01 71 days 2,335 sqft
    2019-07-01 74 days 2,281 sqft
    2019-08-01 77 days 2,270 sqft
    2019-09-01 80 days 2,273 sqft
    2019-10-01 82 days 2,273 sqft
    2019-11-01 84 days 2,262 sqft
    2019-12-01 91 days 2,254 sqft
    2020-01-01 97 days 2,254 sqft
    2020-02-01 94 days 2,251 sqft
    2020-03-01 73 days 2,303 sqft
    2020-04-01 74 days 2,295 sqft
    2020-05-01 78 days 2,340 sqft
    2020-06-01 76 days 2,395 sqft
    2020-07-01 65 days 2,420 sqft
    2020-08-01 64 days 2,422 sqft
    2020-09-01 63 days 2,412 sqft
    2020-10-01 61 days 2,347 sqft
    2020-11-01 62 days 2,337 sqft
    2020-12-01 72 days 2,268 sqft
    2021-01-01 82 days 2,277 sqft
    2021-02-01 70 days 2,296 sqft
    2021-03-01 59 days 2,302 sqft
    2021-04-01 53 days 2,439 sqft
    2021-05-01 37 days 2,368 sqft
    2021-06-01 37 days 2,236 sqft
    2021-07-01 43 days 2,301 sqft
    2021-08-01 42 days 2,236 sqft
    2021-09-01 47 days 2,304 sqft
    2021-10-01 52 days 2,346 sqft
    2021-11-01 22 days 2,239 sqft
    2021-12-01 50 days 2,172 sqft
    2022-01-01 56 days 2,165 sqft
    2022-02-01 44 days 2,189 sqft
    2022-03-01 32 days 2,132 sqft
    2022-04-01 35 days 2,206 sqft
    2022-05-01 37 days 2,125 sqft
    2022-06-01 40 days 2,107 sqft
    2022-07-01 43 days 2,200 sqft
    2022-08-01 50 days 2,129 sqft
    2022-09-01 56 days 2,127 sqft
    2022-10-01 56 days 2,114 sqft
    2022-11-01 60 days 2,120 sqft
    2022-12-01 71 days 2,153 sqft
    2023-01-01 78 days 2,117 sqft
    2023-02-01 74 days 2,112 sqft
    2023-03-01 54 days 2,066 sqft
    2023-04-01 54 days 2,000 sqft
    2023-05-01 59 days 2,008 sqft
    2023-06-01 61 days 2,007 sqft
    2023-07-01 57 days 1,975 sqft
    2023-08-01 56 days 2,006 sqft
    2023-09-01 54 days 2,015 sqft
    2023-10-01 58 days 1,999 sqft
    2023-11-01 65 days 2,010 sqft
    2023-12-01 70 days 2,007 sqft
    2024-01-01 78 days 2,009 sqft
    2024-02-01 78 days 2,028 sqft
    2024-03-01 57 days 2,051 sqft
    2024-04-01 52 days 2,074 sqft
    2024-05-01 53 days 2,116 sqft
    2024-06-01 63 days 2,102 sqft
    2024-07-01 65 days 2,097 sqft
    2024-08-01 65 days 2,057 sqft
    2024-09-01 66 days 2,052 sqft
    2024-10-01 68 days 2,050 sqft
    2024-11-01 72 days 2,009 sqft
    2024-12-01 84 days 1,998 sqft
    2025-01-01 92 days 1,986 sqft
    2025-02-01 91 days 2,000 sqft
    2025-03-01 0 days 2,027 sqft
    Jackson's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Jackson's median square footage for active listings during the 2025-03-01 period was 2,027 sqft. One year prior, the average listing was 2,051 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.