Jefferson City VA Loan Rates, Closing Costs & Stats

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 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.

Jefferson City's 42 lenders originated 217 VA loans during 2023. The total origination value was $56,905,000, with an average VA loan value of $262,235.

Jefferson City VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Jefferson City averaged 0.24% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Jefferson City's average VA mortgage closing costs are $4,634.

The average rate for the prior week (2024-11-22) was 6.7% and one month ago for the week of 2024-10-25, the average rate was 6.3%.

The average rate one year ago was 7.14%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.08%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Jefferson City level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 75 6.72% $5,770
FLAT BRANCH MORTGAGE, INC. 27 6.50% $6,324
UNITED WHOLESALE MORTGAGE, LLC 14 6.65% $7,316
FREEDOM MORTGAGE CORPORATION 8 6.75% $7,588
QUICKEN LOANS, LLC 8 6.40% $11,096
DAS Acquisition Company, LLC 7 7.43% $7,283
The Central Trust Bank 7 6.64% $5,529
TOWNE MORTGAGE COMPANY 6 6.96% $8,444
NAVY FEDERAL CREDIT UNION 5 6.15% $4,992
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.78% $3,769
Midwest Mortgage Associates Corporation 4 6.53% $4,948
CMG MORTGAGE, INC. 4 6.38% $7,901
NEW DAY FINANCIAL, LLC 3 7.49% $11,677
U.S. Bank 2 5.88% $5,481
Barrington Bank & Trust Company, N.A. 2 6.75% $6,393
Carrington Mortgage Services, LLC 2 5.13% $3,623
ENDEAVOR CAPITAL, LLC. 2 7.44% $3,634
GUARANTEED RATE, INC. 2 7.25% $852
LOANDEPOT.COM, LLC 2 6.50% $29,164
Mid-Continent Funding, Inc. 2 7.00% $10,289
PENNYMAC LOAN SERVICES, LLC 2 5.56% $5,591
The Federal Savings Bank 2 5.63% $13,270
USAA Federal Savings Bank 2 6.06% $4,872
Flagstar Bank, FSB 1 7.25% $8,819
M&T Bank 1 6.75% $13,273
First State Bank of St. Charles, Missouri 1 7.25% $7,306
NBKC BANK 1 6.13% $6,908
COMMUNITY MORTGAGE, LLC 1 7.13% $5,727
NEWREZ LLC 1 6.75% $6,286
ON Q FINANCIAL, INC. 1 6.63% $2,206
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.75% $6,590
PLANET HOME LENDING, LLC 1 6.38% $6,933
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $2,800
BROKER SOLUTIONS, INC. 1 6.75% $4,352
Regions Bank 1 6.75% $3,797
BNC National Bank 1 5.75% $3,380
AMERISAVE MORTGAGE CORPORATION 1 5.63% $18,959
Bell Bank 1 6.88% $17,414
Members Mortgage Services, L.L.C. 1 7.00% $2,773
UMB Bank 1 7.25% $7,033
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $1,184
GSF Mortgage Corporation 1 5.50% $884

The top Jefferson City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 75 VA loans originated. Their average total fees are $5,770, which is $554 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

The lowest fee Jefferson City VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,770), FLAT BRANCH MORTGAGE, INC. ($6,324), UNITED WHOLESALE MORTGAGE, LLC ($7,316), .

The lowest rate Jefferson City VA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (6.50%), UNITED WHOLESALE MORTGAGE, LLC (6.65%), Mortgage Research Center, LLC (6.72%), .


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 $146,700 (14.2%) $187,716 (11.7%) 0.54 387
2018-02-01 $151,950 (17.0%) $195,670 (17.1%) 0.55 379
2018-03-01 $149,900 (15.4%) $199,251 (17.9%) 0.53 394
2018-04-01 $170,700 (22.0%) $211,671 (15.3%) 0.58 407
2018-05-01 $174,900 (20.7%) $216,452 (14.6%) 0.58 413
2018-06-01 $179,900 (24.2%) $224,786 (19.2%) 0.60 415
2018-07-01 $179,450 (23.8%) $216,911 (14.3%) 0.60 434
2018-08-01 $177,475 (22.5%) $206,792 (10.2%) 0.59 476
2018-09-01 $175,000 (20.7%) $204,027 (7.3%) 0.59 481
2018-10-01 $166,175 (15.8%) $197,231 (6.5%) 0.56 480
2018-11-01 $168,200 (16.0%) $196,723 (6.7%) 0.57 460
2018-12-01 $164,950 (12.8%) $195,750 (3.7%) 0.57 446
2019-01-01 $166,200 (13.3%) $195,113 (3.9%) 0.57 406
2019-02-01 $154,425 (1.6%) $188,022 (-3.9%) 0.52 412
2019-03-01 $160,079 (6.8%) $192,838 (-3.2%) 0.52 389
2019-04-01 $168,875 (-1.1%) $197,758 (-6.6%) 0.54 384
2019-05-01 $169,450 (-3.1%) $207,046 (-4.4%) 0.53 402
2019-06-01 $177,000 (-1.6%) $214,867 (-4.4%) 0.55 423
2019-07-01 $177,350 (-1.2%) $218,750 (0.9%) 0.56 408
2019-08-01 $175,965 (-0.9%) $217,556 (5.2%) 0.56 407
2019-09-01 $177,414 (1.4%) $216,403 (6.1%) 0.57 407
2019-10-01 $176,559 (6.3%) $212,795 (7.9%) 0.57 406
2019-11-01 $179,900 (7.0%) $213,777 (8.7%) 0.59 393
2019-12-01 $179,950 (9.1%) $214,696 (9.7%) 0.60 361
2020-01-01 $173,250 (4.2%) $216,034 (10.7%) 0.58 345
2020-02-01 $177,000 (14.6%) $227,371 (20.9%) 0.58 331
2020-03-01 $185,500 (15.9%) $236,500 (22.6%) 0.58 301
2020-04-01 $196,970 (16.6%) $234,636 (18.7%) 0.62 285
2020-05-01 $210,000 (23.9%) $245,667 (18.7%) 0.64 250
2020-06-01 $213,700 (20.7%) $248,132 (15.5%) 0.63 249
2020-07-01 $207,400 (16.9%) $247,150 (13.0%) 0.60 213
2020-08-01 $204,900 (16.4%) $245,885 (13.0%) 0.59 189
2020-09-01 $199,800 (12.6%) $238,638 (10.3%) 0.57 183
2020-10-01 $179,700 (1.8%) $231,733 (8.9%) 0.51 169
2020-11-01 $183,725 (2.1%) $240,167 (12.3%) 0.54 166
2020-12-01 $178,700 (-0.7%) $234,803 (9.4%) 0.53 173
2021-01-01 $178,700 (3.2%) $232,148 (7.5%) 0.53 142
2021-02-01 $180,833 (2.2%) $233,710 (2.8%) 0.53 105
2021-03-01 $196,175 (5.8%) $247,269 (4.6%) 0.56 85
2021-04-01 $212,450 (7.9%) $261,799 (11.6%) 0.58 96
2021-05-01 $182,400 (-13.1%) $251,898 (2.5%) 0.48 97
2021-06-01 $199,900 (-6.5%) $263,888 (6.4%) 0.53 111
2021-07-01 $193,900 (-6.5%) $253,255 (2.5%) 0.51 130
2021-08-01 $199,050 (-2.9%) $264,330 (7.5%) 0.53 143
2021-09-01 $218,575 (9.4%) $271,787 (13.9%) 0.58 154
2021-10-01 $199,900 (11.2%) $259,303 (11.9%) 0.53 153
2021-11-01 $188,350 (2.5%) $279,364 (16.3%) 0.50 148
2021-12-01 $195,000 (9.1%) $271,727 (15.7%) 0.53 144
2022-01-01 $192,000 (7.4%) $279,057 (20.2%) 0.52 119
2022-02-01 $206,450 (14.2%) $299,217 (28.0%) 0.54 112
2022-03-01 $198,950 (1.4%) $297,224 (20.2%) 0.50 102
2022-04-01 $199,500 (-6.1%) $289,557 (10.6%) 0.48 116
2022-05-01 $227,400 (24.7%) $303,709 (20.6%) 0.52 132
2022-06-01 $238,725 (19.4%) $296,505 (12.4%) 0.53 161
2022-07-01 $221,125 (14.0%) $285,367 (12.7%) 0.50 178
2022-08-01 $217,925 (9.5%) $298,331 (12.9%) 0.50 186
2022-09-01 $227,250 (4.0%) $314,161 (15.6%) 0.53 178
2022-10-01 $199,900 (0.0%) $282,806 (9.1%) 0.47 197
2022-11-01 $242,000 (28.5%) $299,514 (7.2%) 0.58 163
2022-12-01 $259,900 (33.3%) $325,852 (19.9%) 0.64 150
2023-01-01 $254,450 (32.5%) $315,270 (13.0%) 0.63 125
2023-02-01 $259,950 (25.9%) $320,178 (7.0%) 0.63 122
2023-03-01 $251,250 (26.3%) $312,207 (5.0%) 0.59 121
2023-04-01 $278,400 (39.6%) $333,228 (15.1%) 0.65 128
2023-05-01 $278,550 (22.5%) $335,999 (10.6%) 0.63 138
2023-06-01 $266,150 (11.5%) $338,133 (14.0%) 0.60 148
2023-07-01 $279,900 (26.6%) $343,852 (20.5%) 0.64 151
2023-08-01 $319,900 (46.8%) $379,804 (27.3%) 0.73 149
2023-09-01 $317,500 (39.7%) $374,110 (19.1%) 0.74 162
2023-10-01 $315,000 (57.6%) $357,981 (26.6%) 0.74 174
2023-11-01 $314,950 (30.1%) $365,182 (21.9%) 0.75 169
2023-12-01 $302,488 (16.4%) $364,517 (11.9%) 0.74 150
2024-01-01 $302,488 (18.9%) $362,646 (15.0%) 0.74 152
2024-02-01 $314,900 (21.1%) $362,458 (13.2%) 0.76 142
2024-03-01 $309,900 (23.3%) $352,238 (12.8%) 0.73 153
2024-04-01 $289,325 (3.9%) $361,009 (8.3%) 0.67 149
2024-05-01 $319,900 (14.8%) $366,486 (9.1%) 0.72 148
2024-06-01 $334,900 (25.8%) $399,501 (18.2%) 0.75 184
2024-07-01 $294,000 (5.0%) $369,395 (7.4%) 0.67 227
2024-08-01 $298,000 (-6.9%) $379,875 (0.0%) 0.69 242
2024-09-01 $292,725 (-7.8%) $403,151 (7.8%) 0.69 263
2024-10-01 $299,450 (-4.9%) $409,527 (14.4%) 0.70 283
Jefferson City's median listing price for 2024-10-01 was $299,450, a difference of $-15,550 (-4.9%) versus the prior year and $6,725 versus the prior month.

Jefferson City's median listing price comes in at 70% of the national average.

Jefferson City's average listing price for 2024-10-01 was $409,527, a difference of $51,546 (14.4%) versus the prior year and $6,376 versus the prior month.

For the 2024-10-01 period, Jefferson City had 283 MLS listings, a difference of 20 listings (8%) versus the prior month and 109 listings (63%) 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 79 days 1,944 sqft
2018-02-01 71 days 1,977 sqft
2018-03-01 56 days 1,978 sqft
2018-04-01 50 days 2,028 sqft
2018-05-01 52 days 2,111 sqft
2018-06-01 53 days 2,118 sqft
2018-07-01 54 days 2,124 sqft
2018-08-01 58 days 2,098 sqft
2018-09-01 60 days 2,010 sqft
2018-10-01 65 days 1,983 sqft
2018-11-01 70 days 1,961 sqft
2018-12-01 78 days 1,876 sqft
2019-01-01 82 days 1,870 sqft
2019-02-01 82 days 1,810 sqft
2019-03-01 67 days 1,831 sqft
2019-04-01 51 days 1,878 sqft
2019-05-01 42 days 1,943 sqft
2019-06-01 44 days 2,021 sqft
2019-07-01 58 days 1,994 sqft
2019-08-01 57 days 1,985 sqft
2019-09-01 55 days 1,978 sqft
2019-10-01 55 days 1,949 sqft
2019-11-01 63 days 1,922 sqft
2019-12-01 74 days 1,952 sqft
2020-01-01 78 days 1,966 sqft
2020-02-01 68 days 1,986 sqft
2020-03-01 53 days 2,041 sqft
2020-04-01 64 days 2,005 sqft
2020-05-01 59 days 2,131 sqft
2020-06-01 47 days 2,016 sqft
2020-07-01 52 days 2,101 sqft
2020-08-01 40 days 2,100 sqft
2020-09-01 35 days 2,040 sqft
2020-10-01 34 days 1,874 sqft
2020-11-01 37 days 1,946 sqft
2020-12-01 36 days 1,812 sqft
2021-01-01 47 days 1,786 sqft
2021-02-01 37 days 1,774 sqft
2021-03-01 25 days 1,884 sqft
2021-04-01 16 days 2,016 sqft
2021-05-01 16 days 1,836 sqft
2021-06-01 16 days 1,919 sqft
2021-07-01 18 days 1,875 sqft
2021-08-01 19 days 1,977 sqft
2021-09-01 23 days 1,845 sqft
2021-10-01 29 days 1,748 sqft
2021-11-01 35 days 1,675 sqft
2021-12-01 45 days 1,828 sqft
2022-01-01 52 days 1,847 sqft
2022-02-01 39 days 1,810 sqft
2022-03-01 29 days 1,878 sqft
2022-04-01 22 days 1,873 sqft
2022-05-01 25 days 1,991 sqft
2022-06-01 23 days 1,770 sqft
2022-07-01 39 days 1,742 sqft
2022-08-01 35 days 1,831 sqft
2022-09-01 44 days 1,905 sqft
2022-10-01 41 days 1,728 sqft
2022-11-01 51 days 1,783 sqft
2022-12-01 64 days 1,859 sqft
2023-01-01 64 days 1,805 sqft
2023-02-01 47 days 1,848 sqft
2023-03-01 38 days 1,860 sqft
2023-04-01 27 days 1,879 sqft
2023-05-01 27 days 1,889 sqft
2023-06-01 36 days 1,862 sqft
2023-07-01 30 days 1,949 sqft
2023-08-01 37 days 2,066 sqft
2023-09-01 38 days 2,086 sqft
2023-10-01 39 days 1,988 sqft
2023-11-01 41 days 2,018 sqft
2023-12-01 56 days 2,097 sqft
2024-01-01 58 days 2,034 sqft
2024-02-01 40 days 2,049 sqft
2024-03-01 37 days 1,961 sqft
2024-04-01 33 days 1,944 sqft
2024-05-01 31 days 1,915 sqft
2024-06-01 29 days 2,001 sqft
2024-07-01 36 days 1,948 sqft
2024-08-01 39 days 1,940 sqft
2024-09-01 39 days 1,941 sqft
2024-10-01 49 days 1,985 sqft
Jefferson City's median listing age (time on market) for 2024-10-01 was 49 days. This is 27% longer than the same period one year ago.

Jefferson City's median square footage for active listings during the 2024-10-01 period was 1,985 sqft. One year prior, the average listing was 1,988 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.