Jefferson City VA Loans

JEFFERSON CITY, MO

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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 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.