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 66 lenders originated 520 VA loans during 2023. The total origination value was $158,060,000, with an average VA loan value of $303,962.

    Jackson VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Jackson averaged 6.66% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Jackson's average VA mortgage closing costs are $5,664.

    The average rate for the prior week (2025-02-07) was 6.79% and one month ago for the week of 2025-01-10, the average rate was 6.93%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.69%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 124 6.78% $5,722
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 44 6.54% $6,381
    QUICKEN LOANS, LLC 40 6.28% $10,141
    Trustmark National Bank 27 6.47% $6,820
    BancorpSouth 24 6.42% $8,763
    USAA Federal Savings Bank 18 6.23% $11,223
    UNITED WHOLESALE MORTGAGE, LLC 14 6.47% $5,806
    NAVY FEDERAL CREDIT UNION 14 6.01% $6,715
    PENNYMAC LOAN SERVICES, LLC 12 5.41% $9,261
    FREEDOM MORTGAGE CORPORATION 11 6.39% $14,779
    OPEN MORTGAGE, LLC 11 6.58% $6,750
    PLANET HOME LENDING, LLC 10 6.53% $9,353
    The Federal Savings Bank 10 6.14% $15,247
    NEW DAY FINANCIAL, LLC 9 7.26% $12,776
    ACOPIA, LLC 8 7.03% $5,898
    Mr. Cooper ( Nationstar Mortgage ) 8 6.31% $12,615
    LOANDEPOT.COM, LLC 8 5.91% $15,850
    Renasant Bank 5 6.33% $6,302
    First Horizon Bank 5 6.30% $5,664
    PENTAGON FEDERAL CREDIT UNION 5 5.58% $5,428
    Community Bank of Mississippi 5 6.57% $12,133
    Equity Prime Mortgage LLC 4 7.28% $9,133
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.50% $2,903
    CORNERSTONE HOME LENDING, INC. 4 6.69% $11,593
    KEESLER 4 5.38% $11,546
    Regions Bank 3 6.25% $10,126
    Bank of England 3 6.50% $12,257
    BankPlus 3 5.92% $6,086
    Barrington Bank & Trust Company, N.A. 3 7.08% $8,501
    FIDELITY BANK 3 6.50% $5,644
    Magnolia Bank 3 6.38% $13,566
    VILLAGE CAPITAL MORTGAGE 3 6.29% $7,127
    STOCKTON MORTGAGE CORPORATION 2 7.00% $14,326
    DHI MORTGAGE COMPANY, LTD. 2 5.75% $6,531
    MORTGAGE INVESTORS GROUP, INC. 2 6.44% $8,953
    Presidential Bank, FSB 2 5.69% $15,532
    Flagstar Bank, FSB 2 7.25% $9,340
    BROKER SOLUTIONS, INC. 2 6.44% $8,598
    Towne Bank 2 6.38% $7,087
    Armed Forces Bank 2 6.06% $10,232
    Origin Bank 2 7.01% $6,765
    AMERISAVE MORTGAGE CORPORATION 2 6.81% $21,767
    AMERICAN FINANCIAL NETWORK, INC. 2 6.06% $11,721
    GUARANTEED RATE, INC. 2 5.94% $2,192
    SOUTHWEST STAGE FUNDING, LLC 2 6.38% $2,648
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $8,043
    Sunflower Bank 1 6.63% $11,284
    SUN WEST MORTGAGE COMPANY, INC. 1 7.00% $11,421
    Assurance Financial Group, L.L.C. 1 7.75% $1,274
    The Huntington National Bank 1 6.88% $5,747
    UNION HOME MORTGAGE CORP. 1 7.00% $8,287
    LIBERTY HOME MORTGAGE CORPORATION 1 7.63% $8,329
    Waterstone Mortgage Corporation 1 5.88% $10,971
    JPMorgan Chase Bank 1 6.75% $0
    MEMBER FIRST MORTGAGE, LLC 1 6.13% $3,306
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $1,689
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.99% $8,209
    M&T Bank 1 5.63% $21,189
    FBC MORTGAGE, LLC 1 5.75% $4,807
    NEWREZ LLC 1 6.75% $8,097
    Evolve Bank & Trust 1 6.25% $1,945
    EVANSVILLE TEACHERS 1 7.13% $13,342
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $12,202
    Core Bank 1 6.63% $4,364
    BNC National Bank 1 5.63% $6,762
    ROYAL UNITED MORTGAGE LLC 1 6.75% $7,745

    The top Jackson VA lender as defined by loan originations is Mortgage Research Center, LLC, with 124 VA loans originated. Their average total fees are $5,722, which is $659 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Jackson VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,722), UNITED WHOLESALE MORTGAGE, LLC ($5,806), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,381), NAVY FEDERAL CREDIT UNION ($6,715) and OPEN MORTGAGE, LLC ($6,750).

    The lowest rate Jackson VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.41%), NAVY FEDERAL CREDIT UNION (6.01%), The Federal Savings Bank (6.14%), USAA Federal Savings Bank (6.23%) and QUICKEN LOANS, LLC (6.28%).

    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%) 0.86 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%) 0.84 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%) 0.84 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%) 0.81 2,357
    2018-11-01 $236,825 (3.2%) $306,433 (4.9%) 0.81 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%) 0.81 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%) 0.79 2,160
    2019-08-01 $249,973 (0.4%) $323,069 (0.7%) 0.80 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%) 0.81 2,061
    2019-11-01 $246,400 (4.0%) $315,424 (2.9%) 0.82 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%) 0.83 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%) 0.83 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%) 0.84 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%) 0.87 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%) 0.84 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%) 0.78 719
    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%) 0.74 600
    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%) 0.73 766
    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%) 0.80 724
    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%) 0.78 549
    2022-03-01 $305,000 (13.0%) $398,341 (10.2%) 0.78 597
    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%) 0.65 725
    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%) 0.70 919
    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%) 0.70 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%) 0.74 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%) 0.78 1,072
    2023-03-01 $298,250 (-2.2%) $347,489 (-12.8%) 0.71 1,159
    2023-04-01 $280,000 (-8.2%) $341,340 (-15.8%) 0.66 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%) 0.65 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%) 0.72 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%) 0.72 1,498
    2024-06-01 $319,999 (10.6%) $381,580 (8.4%) 0.72 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%) 0.74 1,752
    2024-10-01 $307,725 (8.4%) $360,707 (6.0%) 0.73 1,814
    2024-11-01 $300,000 (5.6%) $354,087 (2.9%) 0.73 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%) 0.00 1,643
    Jackson's median listing price for 2025-01-01 was $299,900, a difference of $8,150 (2.8%) versus the prior year and $0 versus the prior month.

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

    Jackson's average listing price for 2025-01-01 was $350,535, a difference of $1,680 (0.5%) versus the prior year and $734 versus the prior month.

    For the 2025-01-01 period, Jackson had 1,643 MLS listings, a difference of -88 listings (-5%) versus the prior month and 262 listings (19%) 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 67 days 2,392 sqft
    2018-07-01 70 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
    2019-01-01 102 days 2,208 sqft
    2019-02-01 100 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 79 days 2,270 sqft
    2019-09-01 79 days 2,273 sqft
    2019-10-01 81 days 2,273 sqft
    2019-11-01 83 days 2,262 sqft
    2019-12-01 90 days 2,254 sqft
    2020-01-01 97 days 2,254 sqft
    2020-02-01 94 days 2,251 sqft
    2020-03-01 72 days 2,303 sqft
    2020-04-01 74 days 2,295 sqft
    2020-05-01 78 days 2,340 sqft
    2020-06-01 75 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 61 days 2,337 sqft
    2020-12-01 71 days 2,268 sqft
    2021-01-01 82 days 2,277 sqft
    2021-02-01 70 days 2,296 sqft
    2021-03-01 58 days 2,302 sqft
    2021-04-01 52 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 41 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 57 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 53 days 2,000 sqft
    2023-05-01 59 days 2,008 sqft
    2023-06-01 60 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 77 days 2,028 sqft
    2024-03-01 56 days 2,051 sqft
    2024-04-01 52 days 2,074 sqft
    2024-05-01 52 days 2,116 sqft
    2024-06-01 60 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 73 days 2,009 sqft
    2024-12-01 84 days 1,998 sqft
    2025-01-01 0 days 1,986 sqft
    Jackson's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Jackson's median square footage for active listings during the 2025-01-01 period was 1,986 sqft. One year prior, the average listing was 2,009 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.