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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.