Jefferson City VA Loans

JEFFERSON CITY, MO

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 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.

Jefferson City's 56 lenders originated 488 VA loans during 2021. The total origination value was $102,780,000, with an average VA loan value of $210,615.

Jefferson City VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Jefferson City averaged 5.56% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.39% and one month ago for the week of 2022-04-08, the average rate was 5.21%.

The average rate one year ago was 3.13%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.3%.

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

Jefferson City VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Jefferson City level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 96 2.77% $3,937
FLAT BRANCH MORTGAGE, INC. 44 2.89% $3,625
QUICKEN LOANS, LLC 39 2.48% $4,679
PENNYMAC LOAN SERVICES, LLC 36 2.55% $4,420
The Central Trust Bank 27 2.90% $4,944
HOME POINT FINANCIAL CORPORATION 24 2.74% $3,003
FREEDOM MORTGAGE CORPORATION 18 2.55% $1,493
USAA Federal Savings Bank 15 2.76% $5,559
DAS Acquisition Company, LLC 12 3.53% $6,101
LOANDEPOT.COM, LLC 11 2.57% $2,807
NEW DAY FINANCIAL, LLC 11 2.76% $5,826
ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 2.43% $1,815
Barrington Bank & Trust Company, N.A. 6 2.71% $5,332
Wells Fargo Bank 5 2.73% $4,896
The Federal Savings Bank 5 2.43% $9,072
UNITED WHOLESALE MORTGAGE, LLC 4 2.47% $2,438
CALIBER HOME LOANS, INC. 4 2.48% $1,094
NAVY FEDERAL CREDIT UNION 3 2.63% $3,589
BROKER SOLUTIONS, INC. 3 2.63% $7,767
Citizens Bank 3 2.42% $3,044
CROSSCOUNTRY MORTGAGE, LLC 3 3.25% $8,090
LAKEVIEW LOAN SERVICING, LLC 3 2.38% $3,556
Mid-Continent Funding, Inc. 3 2.54% $4,568
Carrington Mortgage Services, LLC 3 4.17% $5,208
CMG MORTGAGE, INC. 2 3.00% $5,679
North American Savings Bank, F.S.B. 2 2.25% $1,452
PENTAGON FEDERAL CREDIT UNION 2 2.44% $618
ON Q FINANCIAL, INC. 2 3.00% $6,526
Magnolia Bank 2 2.56% $8,708
Community First National Bank 2 2.94% $5,250
VILLAGE CAPITAL & INVESTMENT LLC 2 2.25% $1,689
Midwest Mortgage Associates Corporation 2 2.94% $4,106
Hawthorn Bank 2 2.31% $4,841
COMMUNITY MORTGAGE, LLC 2 2.44% $3,081
THOMPSON KANE & COMPANY, LLC 1 3.00% $2,069
Bell Bank 1 3.13% $11,246
CELEBRITY HOME LOANS, LLC 1 3.25% $5,326
Commerce Bank 1 3.50% $1,420
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.99% $3,626
First Bank 1 2.25% $9,987
First Federal Bank 1 3.00% $7,986
Flagstar Bank, FSB 1 2.38% $5,809
GERSHMAN INVESTMENT CORP. 1 2.75% $4,150
InterContinental Capital Group, Inc 1 2.25% $13,349
Low VA Rates, LLC 1 2.25% $2,779
Mr. Cooper ( Nationstar Mortgage ) 1 3.63% $10,556
Plains Commerce Bank 1 2.25% $2,528
PLANET HOME LENDING, LLC 1 3.25% $8,502
PNC Bank 1 2.63% $4,209
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.63% $8,247
Regions Bank 1 2.75% $4,242
STEARNS LENDING, LLC 1 2.25% $4,441
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.75% $4,056
Truist Bank 1 2.70% $1,491
United Fidelity Funding Corp. 1 3.25% $3,493
U.S. Bank 1 3.25% $2,097

The top Jefferson City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 96 VA loans originated. Their average total fees are $3,937, which is $312 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

The lowest fee Jefferson City VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($1,493), LOANDEPOT.COM, LLC ($2,807), HOME POINT FINANCIAL CORPORATION ($3,003), FLAT BRANCH MORTGAGE, INC. ($3,625) and Mortgage Research Center, LLC ($3,937).

The lowest rate Jefferson City VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.48%), FREEDOM MORTGAGE CORPORATION (2.55%), PENNYMAC LOAN SERVICES, LLC (2.55%), LOANDEPOT.COM, LLC (2.57%) and HOME POINT FINANCIAL CORPORATION (2.74%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Jefferson City (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 $149,950 (15.8%) $193,359 (14.5%) 0.55 472
2018-02-01 $161,200 (24.1%) $201,302 (18.6%) 0.58 447
2018-03-01 $159,900 (21.2%) $206,509 (19.6%) 0.55 470
2018-04-01 $174,900 (20.6%) $219,651 (16.3%) 0.59 500
2018-05-01 $179,450 (19.7%) $222,820 (14.7%) 0.60 519
2018-06-01 $186,900 (24.7%) $230,948 (16.8%) 0.62 537
2018-07-01 $182,000 (22.2%) $222,157 (12.5%) 0.61 565
2018-08-01 $177,450 (22.4%) $208,583 (6.7%) 0.59 618
2018-09-01 $169,900 (13.3%) $202,348 (2.2%) 0.57 634
2018-10-01 $164,900 (11.4%) $194,505 (0.9%) 0.55 642
2018-11-01 $169,900 (14.8%) $194,750 (2.7%) 0.57 600
2018-12-01 $169,900 (10.3%) $197,888 (1.8%) 0.58 569
2019-01-01 $168,700 (12.5%) $199,206 (3.0%) 0.58 518
2019-02-01 $159,450 (-1.1%) $190,261 (-5.5%) 0.53 521
2019-03-01 $164,186 (2.7%) $193,999 (-6.1%) 0.54 494
2019-04-01 $169,900 (-2.9%) $198,564 (-9.6%) 0.54 491
2019-05-01 $173,200 (-3.5%) $209,279 (-6.1%) 0.53 511
2019-06-01 $178,900 (-4.3%) $216,899 (-6.1%) 0.55 562
2019-07-01 $182,400 (0.2%) $219,500 (-1.2%) 0.57 555
2019-08-01 $177,800 (0.2%) $218,887 (4.9%) 0.56 531
2019-09-01 $177,250 (4.3%) $217,872 (7.7%) 0.56 504
2019-10-01 $177,400 (7.6%) $210,829 (8.4%) 0.57 557
2019-11-01 $179,900 (5.9%) $214,074 (9.9%) 0.58 530
2019-12-01 $184,900 (8.8%) $212,907 (7.6%) 0.62 479
2020-01-01 $174,450 (3.4%) $213,718 (7.3%) 0.58 463
2020-02-01 $174,900 (9.7%) $217,749 (14.5%) 0.56 444
2020-03-01 $182,450 (11.1%) $224,864 (15.9%) 0.57 400
2020-04-01 $196,450 (15.6%) $228,769 (15.2%) 0.61 385
2020-05-01 $208,000 (20.1%) $236,217 (12.9%) 0.63 329
2020-06-01 $202,425 (13.2%) $239,836 (10.6%) 0.59 325
2020-07-01 $199,900 (9.6%) $237,803 (8.3%) 0.57 286
2020-08-01 $199,900 (12.4%) $240,138 (9.7%) 0.57 258
2020-09-01 $192,500 (8.6%) $235,110 (7.9%) 0.55 257
2020-10-01 $174,900 (-1.4%) $225,776 (7.1%) 0.50 242
2020-11-01 $189,900 (5.6%) $234,529 (9.6%) 0.54 239
2020-12-01 $182,450 (-1.3%) $233,079 (9.5%) 0.54 247
2021-01-01 $185,900 (6.6%) $237,956 (11.3%) 0.55 209
2021-02-01 $175,000 (0.1%) $227,972 (4.7%) 0.50 146
2021-03-01 $210,000 (15.1%) $250,940 (11.6%) 0.59 122
2021-04-01 $200,000 (1.8%) $254,007 (11.0%) 0.54 138
2021-05-01 $184,900 (-11.1%) $238,777 (1.1%) 0.49 132
2021-06-01 $195,000 (-3.7%) $259,865 (8.4%) 0.51 147
2021-07-01 $185,000 (-7.5%) $249,691 (5.0%) 0.48 171
2021-08-01 $195,950 (-2.0%) $262,699 (9.4%) 0.52 184
2021-09-01 $199,500 (3.6%) $264,229 (12.4%) 0.53 208
2021-10-01 $179,900 (2.9%) $256,746 (13.7%) 0.47 200
2021-11-01 $181,950 (-4.2%) $290,189 (23.7%) 0.48 197
2021-12-01 $195,000 (6.9%) $288,464 (23.8%) 0.52 196
2022-01-01 $181,900 (-2.2%) $295,823 (24.3%) 0.49 158
2022-02-01 $203,700 (16.4%) $310,773 (36.3%) 0.52 154
2022-03-01 $201,450 (-4.1%) $309,216 (23.2%) 0.50 149
2022-04-01 $195,000 (-2.5%) $310,908 (22.4%) 0.46 166
Jefferson City's median listing price for 2022-04-01 was $195,000, a difference of $-5,000 (-2.5%) versus the prior year and $-6,450 versus the prior month.

Jefferson City's median listing price comes in at 46% of the national average.

Jefferson City's average listing price for 2022-04-01 was $310,908, a difference of $56,901 (22.4%) versus the prior year and $1,692 versus the prior month.

For the 2022-04-01 period, Jefferson City had 166 MLS listings, a difference of 17 listings (11%) versus the prior month and 28 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Jefferson City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 86 days 1,979 sqft
2018-02-01 78 days 2,004 sqft
2018-03-01 58 days 1,988 sqft
2018-04-01 51 days 2,055 sqft
2018-05-01 53 days 2,110 sqft
2018-06-01 53 days 2,100 sqft
2018-07-01 56 days 2,093 sqft
2018-08-01 59 days 2,019 sqft
2018-09-01 60 days 1,966 sqft
2018-10-01 66 days 1,946 sqft
2018-11-01 72 days 1,920 sqft
2018-12-01 80 days 1,872 sqft
2019-01-01 88 days 1,859 sqft
2019-02-01 87 days 1,805 sqft
2019-03-01 64 days 1,802 sqft
2019-04-01 56 days 1,836 sqft
2019-05-01 45 days 1,950 sqft
2019-06-01 44 days 2,038 sqft
2019-07-01 58 days 2,033 sqft
2019-08-01 63 days 1,989 sqft
2019-09-01 59 days 1,967 sqft
2019-10-01 57 days 1,980 sqft
2019-11-01 65 days 1,966 sqft
2019-12-01 79 days 1,973 sqft
2020-01-01 85 days 1,962 sqft
2020-02-01 80 days 1,986 sqft
2020-03-01 62 days 2,019 sqft
2020-04-01 63 days 2,082 sqft
2020-05-01 64 days 2,129 sqft
2020-06-01 59 days 2,007 sqft
2020-07-01 58 days 2,062 sqft
2020-08-01 56 days 2,037 sqft
2020-09-01 39 days 2,000 sqft
2020-10-01 38 days 1,830 sqft
2020-11-01 40 days 1,942 sqft
2020-12-01 43 days 1,842 sqft
2021-01-01 56 days 1,852 sqft
2021-02-01 56 days 1,770 sqft
2021-03-01 34 days 1,806 sqft
2021-04-01 22 days 1,960 sqft
2021-05-01 22 days 1,770 sqft
2021-06-01 17 days 1,878 sqft
2021-07-01 20 days 1,874 sqft
2021-08-01 22 days 1,907 sqft
2021-09-01 24 days 1,825 sqft
2021-10-01 31 days 1,669 sqft
2021-11-01 34 days 1,688 sqft
2021-12-01 47 days 1,830 sqft
2022-01-01 59 days 1,824 sqft
2022-02-01 44 days 1,803 sqft
2022-03-01 36 days 1,892 sqft
2022-04-01 28 days 1,850 sqft
Jefferson City's median listing age (time on market) for 2022-04-01 was 28 days. This is 30% longer than the same period one year ago.

Jefferson City's median square footage for active listings during the 2022-04-01 period was 1,850 sqft. One year prior, the average listing was 1,960 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.