Joplin VA Loan Rates, Closing Costs & Stats

JOPLIN, 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 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.

    Joplin's 54 lenders originated 349 VA loans during 2024. The total origination value was $88,535,000, with an average VA loan value of $253,682.

    Joplin VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Joplin averaged 0.69% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Joplin's average VA mortgage closing costs are $4,721.

    The average rate for the prior week (2025-06-13) was 6.84% and one month ago for the week of 2025-05-16, the average rate was 7%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.19%.

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

    Joplin 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 Joplin level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 94 6.69% $6,196
    Mortgage Research Center, LLC 68 6.44% $3,788
    PENNYMAC LOAN SERVICES, LLC 16 5.69% $5,464
    QUICKEN LOANS, LLC 15 6.27% $8,606
    NAVY FEDERAL CREDIT UNION 12 6.05% $4,287
    UNITED WHOLESALE MORTGAGE, LLC 11 5.84% $5,439
    USAA Federal Savings Bank 8 6.22% $5,791
    FREEDOM MORTGAGE CORPORATION 8 6.41% $2,623
    CARDINAL FINANCIAL 7 6.68% $7,135
    LOANDEPOT.COM, LLC 7 6.02% $8,716
    GERSHMAN INVESTMENT CORP. 6 6.75% $4,802
    VILLAGE CAPITAL MORTGAGE 6 5.79% $3,674
    Gateway First Bank 6 6.79% $4,847
    Arvest Bank 5 6.68% $1,623
    NEW DAY FINANCIAL, LLC 5 7.59% $10,127
    Midwest Mortgage Associates Corporation 4 6.43% $7,830
    NEWREZ LLC 4 6.44% $7,619
    NBKC BANK 3 5.87% $7,536
    PLANET HOME LENDING, LLC 3 6.16% $1,138
    Carrington Mortgage Services, LLC 3 5.83% $14,358
    HOMESIDE FINANCIAL, LLC 3 6.75% $8,314
    Barrington Bank & Trust Company, N.A. 3 6.33% $3,884
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.42% $2,837
    Mid-Continent Funding, Inc. 3 6.42% $6,200
    The Federal Savings Bank 2 5.75% $11,360
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.00% $8,162
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $1,615
    Mr. Cooper ( Nationstar Mortgage ) 2 6.38% $14,685
    Nations Lending Corporation 2 6.75% $8,295
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $3,040
    Wells Fargo Bank 1 6.63% $1,593
    LOANPAL, LLC 1 7.13% $8,077
    First Federal Bank 1 5.25% $7,839
    First Bank 1 6.13% $17,126
    DAS Acquisition Company, LLC 1 6.75% $3,532
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $2,336
    Pinnacle Bank 1 6.63% $3,470
    Centennial Bank 1 6.13% $11,256
    Presidential Bank, FSB 1 6.25% $13,833
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.50% $575
    Prosperity Home Mortgage, LLC 1 6.25% $16,241
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $4,101
    Renasant Bank 1 6.75% $10,217
    Servion, Inc. 1 6.75% $5,545
    Southwest Missouri Bank 1 6.75% $12,409
    SUN WEST MORTGAGE COMPANY, INC. 1 6.25% $4,287
    The Central Trust Bank 1 6.25% $8,172
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.63% $228
    UMB Bank 1 6.75% $2,504
    Ameris Bank 1 6.25% $1,947
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $18,020
    American Mortgage & Equity Consultants, Inc. 1 6.75% $6,160
    Mortgage Investment Services Corporation 1 6.25% $1,597
    Waterstone Mortgage Corporation 1 6.25% $14,539

    The top Joplin VA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 94 VA loans originated. Their average total fees are $6,196, which is $2,408 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Joplin VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,788), NAVY FEDERAL CREDIT UNION ($4,287), UNITED WHOLESALE MORTGAGE, LLC ($5,439), PENNYMAC LOAN SERVICES, LLC ($5,464) and FLAT BRANCH MORTGAGE, INC. ($6,196).

    The lowest rate Joplin VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.69%), UNITED WHOLESALE MORTGAGE, LLC (5.84%), NAVY FEDERAL CREDIT UNION (6.05%), QUICKEN LOANS, LLC (6.27%) and Mortgage Research Center, LLC (6.44%).

    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.