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 46 lenders originated 261 VA loans during 2023. The total origination value was $60,795,000, with an average VA loan value of $232,931.

    Joplin VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Joplin averaged 6.58% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Joplin's average VA mortgage closing costs are $4,552.

    The average rate for the prior week (2024-12-06) was 6.52% and one month ago for the week of 2024-11-08, the average rate was 6.71%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.58%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 64 6.88% $3,886
    FLAT BRANCH MORTGAGE, INC. 64 6.69% $6,098
    QUICKEN LOANS, LLC 17 6.27% $8,370
    NAVY FEDERAL CREDIT UNION 12 5.94% $3,060
    Gateway First Bank 11 7.05% $5,485
    USAA Federal Savings Bank 6 6.29% $4,978
    NEW DAY FINANCIAL, LLC 6 7.56% $10,247
    PENNYMAC LOAN SERVICES, LLC 6 5.33% $2,782
    Southwest Missouri Bank 5 6.18% $5,617
    Mr. Cooper ( Nationstar Mortgage ) 4 5.81% $10,290
    FREEDOM MORTGAGE CORPORATION 3 6.58% $12,250
    Arvest Bank 3 6.13% $5,299
    LOANDEPOT.COM, LLC 3 7.29% $7,829
    AMERISAVE MORTGAGE CORPORATION 3 5.71% $12,973
    The Central Trust Bank 3 6.91% $4,699
    UNITED WHOLESALE MORTGAGE, LLC 3 6.46% $5,134
    U.S. Bank 3 6.83% $4,226
    Barrington Bank & Trust Company, N.A. 3 6.33% $5,559
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.75% $11
    Nations Lending Corporation 2 6.88% $4,694
    GERSHMAN INVESTMENT CORP. 2 7.13% $5,648
    DAS Acquisition Company, LLC 2 5.88% $7,650
    BROKER SOLUTIONS, INC. 2 6.00% $9,050
    VILLAGE CAPITAL MORTGAGE 2 6.25% $5,799
    First Federal Bank 2 6.00% $9,696
    Midwest Mortgage Associates Corporation 2 6.63% $9,156
    Mortgage Investment Services Corporation 1 7.25% $9,142
    BAY EQUITY LLC 1 6.50% $6,437
    CARDINAL FINANCIAL 1 5.75% $7,115
    Commerce Bank 1 6.50% $18,818
    Equity Prime Mortgage LLC 1 7.50% $5,714
    First Bank 1 5.75% $14,214
    First Community Bank 1 6.00% $8,182
    Great Southern Bank 1 6.49% $1,846
    GSF Mortgage Corporation 1 4.63% $7,405
    GUILD MORTGAGE COMPANY 1 7.13% $14,793
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.13% $5,632
    Magnolia Bank 1 6.75% $9,343
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $9,032
    NEWREZ LLC 1 7.13% $6,400
    Pinnacle Bank 1 6.13% $3,258
    Plains Commerce Bank 1 6.25% $12,028
    TOWNE MORTGAGE COMPANY 1 6.63% $10,007
    UNITED 1 7.25% $3,622
    Wells Fargo Bank 1 5.38% $0
    ZILLOW HOME LOANS, LLC 1 6.63% $8,176

    The top Joplin VA lender as defined by loan originations is Mortgage Research Center, LLC, with 64 VA loans originated. Their average total fees are $3,886, which is $2,212 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Joplin VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($3,060), Mortgage Research Center, LLC ($3,886), Gateway First Bank ($5,485), FLAT BRANCH MORTGAGE, INC. ($6,098) and QUICKEN LOANS, LLC ($8,370).

    The lowest rate Joplin VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.94%), QUICKEN LOANS, LLC (6.27%), FLAT BRANCH MORTGAGE, INC. (6.69%), Mortgage Research Center, LLC (6.88%) and Gateway First Bank (7.05%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Joplin (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 $135,000 (13.1%) $182,212 (6.4%) 0.50 707
    2018-02-01 $138,926 (14.4%) $183,818 (5.1%) 0.50 690
    2018-03-01 $139,989 (14.6%) $186,819 (5.1%) 0.49 715
    2018-04-01 $149,800 (19.0%) $190,208 (3.5%) 0.51 730
    2018-05-01 $149,900 (14.3%) $188,465 (-1.5%) 0.50 710
    2018-06-01 $149,900 (14.1%) $193,934 (1.1%) 0.50 736
    2018-07-01 $149,900 (9.3%) $191,596 (0.0%) 0.50 749
    2018-08-01 $149,900 (10.7%) $185,822 (-1.6%) 0.50 904
    2018-09-01 $149,873 (8.7%) $185,615 (-0.7%) 0.50 937
    2018-10-01 $153,475 (13.7%) $191,085 (1.9%) 0.52 882
    2018-11-01 $149,873 (11.0%) $187,404 (-0.2%) 0.51 905
    2018-12-01 $149,873 (11.1%) $186,807 (2.5%) 0.52 846
    2019-01-01 $146,034 (8.2%) $183,982 (1.0%) 0.50 762
    2019-02-01 $151,125 (8.8%) $188,236 (2.4%) 0.51 711
    2019-03-01 $154,900 (10.7%) $191,354 (2.4%) 0.51 677
    2019-04-01 $155,700 (3.9%) $194,558 (2.3%) 0.49 648
    2019-05-01 $157,474 (5.1%) $196,822 (4.4%) 0.49 634
    2019-06-01 $150,000 (0.1%) $197,295 (1.7%) 0.47 638
    2019-07-01 $156,525 (4.4%) $195,627 (2.1%) 0.49 676
    2019-08-01 $156,782 (4.6%) $194,111 (4.5%) 0.50 668
    2019-09-01 $155,555 (3.8%) $193,290 (4.1%) 0.50 650
    2019-10-01 $156,936 (2.3%) $193,807 (1.4%) 0.51 640
    2019-11-01 $154,600 (3.2%) $193,869 (3.5%) 0.51 645
    2019-12-01 $154,950 (3.4%) $196,519 (5.2%) 0.52 628
    2020-01-01 $157,500 (7.9%) $196,870 (7.0%) 0.53 574
    2020-02-01 $154,900 (2.5%) $198,448 (5.4%) 0.51 530
    2020-03-01 $159,842 (3.2%) $201,673 (5.4%) 0.50 507
    2020-04-01 $151,000 (-3.0%) $202,502 (4.1%) 0.47 536
    2020-05-01 $159,900 (1.5%) $210,739 (7.1%) 0.49 483
    2020-06-01 $165,000 (10.0%) $217,156 (10.1%) 0.49 459
    2020-07-01 $166,163 (6.2%) $225,705 (15.4%) 0.48 430
    2020-08-01 $179,602 (14.6%) $242,244 (24.8%) 0.51 364
    2020-09-01 $182,400 (17.3%) $251,225 (30.0%) 0.52 360
    2020-10-01 $169,900 (8.3%) $233,206 (20.3%) 0.49 378
    2020-11-01 $159,900 (3.4%) $236,202 (21.8%) 0.47 379
    2020-12-01 $158,700 (2.4%) $238,826 (21.5%) 0.47 368
    2021-01-01 $160,700 (2.0%) $252,718 (28.4%) 0.48 320
    2021-02-01 $172,475 (11.4%) $278,370 (40.3%) 0.50 268
    2021-03-01 $195,975 (22.6%) $279,884 (38.8%) 0.56 269
    2021-04-01 $196,950 (30.4%) $274,177 (35.4%) 0.53 267
    2021-05-01 $174,900 (9.4%) $284,555 (35.0%) 0.46 232
    2021-06-01 $179,100 (8.6%) $291,694 (34.3%) 0.47 253
    2021-07-01 $179,900 (8.3%) $265,103 (17.5%) 0.47 300
    2021-08-01 $192,200 (7.0%) $270,187 (11.5%) 0.51 323
    2021-09-01 $202,229 (10.9%) $257,326 (2.4%) 0.54 368
    2021-10-01 $207,000 (21.8%) $257,773 (10.5%) 0.55 378
    2021-11-01 $213,075 (33.3%) $270,053 (14.3%) 0.57 348
    2021-12-01 $216,975 (36.7%) $289,033 (21.0%) 0.59 288
    2022-01-01 $219,950 (36.9%) $290,009 (14.8%) 0.59 230
    2022-02-01 $229,925 (33.3%) $291,274 (4.6%) 0.60 196
    2022-03-01 $234,750 (19.8%) $303,826 (8.6%) 0.59 187
    2022-04-01 $224,900 (14.2%) $292,363 (6.6%) 0.54 239
    2022-05-01 $222,225 (27.1%) $299,561 (5.3%) 0.51 255
    2022-06-01 $207,500 (15.9%) $282,939 (-3.0%) 0.46 330
    2022-07-01 $200,975 (11.7%) $272,227 (2.7%) 0.45 402
    2022-08-01 $207,950 (8.2%) $268,259 (-0.7%) 0.48 402
    2022-09-01 $229,675 (13.6%) $272,985 (6.1%) 0.54 411
    2022-10-01 $224,000 (8.2%) $291,967 (13.3%) 0.53 425
    2022-11-01 $224,806 (5.5%) $293,466 (8.7%) 0.54 463
    2022-12-01 $219,950 (1.4%) $285,879 (-1.1%) 0.54 431
    2023-01-01 $227,272 (3.3%) $313,870 (8.2%) 0.56 371
    2023-02-01 $236,705 (3.0%) $339,502 (16.6%) 0.57 321
    2023-03-01 $249,901 (6.5%) $354,355 (16.6%) 0.59 319
    2023-04-01 $249,950 (11.1%) $352,191 (20.5%) 0.58 339
    2023-05-01 $253,597 (14.1%) $356,556 (19.0%) 0.58 335
    2023-06-01 $262,000 (26.3%) $383,192 (35.4%) 0.59 351
    2023-07-01 $259,605 (29.2%) $359,358 (32.0%) 0.59 377
    2023-08-01 $247,450 (19.0%) $384,480 (43.3%) 0.57 416
    2023-09-01 $249,900 (8.8%) $393,834 (44.3%) 0.58 400
    2023-10-01 $252,000 (12.5%) $377,472 (29.3%) 0.59 457
    2023-11-01 $256,382 (14.1%) $391,571 (33.4%) 0.61 467
    2023-12-01 $254,500 (15.7%) $386,685 (35.3%) 0.62 470
    2024-01-01 $260,750 (14.7%) $391,144 (24.6%) 0.64 446
    2024-02-01 $254,978 (7.7%) $406,430 (19.7%) 0.61 401
    2024-03-01 $253,000 (1.2%) $427,870 (20.8%) 0.60 405
    2024-04-01 $254,051 (1.6%) $403,600 (14.6%) 0.59 419
    2024-05-01 $257,945 (1.7%) $399,569 (12.1%) 0.58 432
    2024-06-01 $254,900 (-2.7%) $401,281 (4.7%) 0.57 417
    2024-07-01 $257,200 (-0.9%) $402,946 (12.1%) 0.59 414
    2024-08-01 $252,000 (1.8%) $369,491 (-3.9%) 0.59 482
    2024-09-01 $252,225 (0.9%) $386,339 (-1.9%) 0.59 519
    2024-10-01 $248,725 (-1.3%) $379,435 (0.5%) 0.59 563
    2024-11-01 $239,900 (-6.4%) $352,848 (-9.9%) 0.58 583
    Joplin's median listing price for 2024-11-01 was $239,900, a difference of $-16,482 (-6.4%) versus the prior year and $-8,825 versus the prior month.

    Joplin's median listing price comes in at 58% of the national average.

    Joplin's average listing price for 2024-11-01 was $352,848, a difference of $-38,723 (-9.9%) versus the prior year and $-26,587 versus the prior month.

    For the 2024-11-01 period, Joplin had 583 MLS listings, a difference of 20 listings (4%) versus the prior month and 116 listings (25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Joplin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 76 days 1,785 sqft
    2018-02-01 76 days 1,770 sqft
    2018-03-01 54 days 1,785 sqft
    2018-04-01 53 days 1,824 sqft
    2018-05-01 57 days 1,843 sqft
    2018-06-01 54 days 1,860 sqft
    2018-07-01 60 days 1,875 sqft
    2018-08-01 54 days 1,823 sqft
    2018-09-01 57 days 1,800 sqft
    2018-10-01 67 days 1,858 sqft
    2018-11-01 67 days 1,850 sqft
    2018-12-01 67 days 1,822 sqft
    2019-01-01 74 days 1,796 sqft
    2019-02-01 83 days 1,811 sqft
    2019-03-01 69 days 1,797 sqft
    2019-04-01 53 days 1,785 sqft
    2019-05-01 50 days 1,824 sqft
    2019-06-01 53 days 1,805 sqft
    2019-07-01 54 days 1,828 sqft
    2019-08-01 56 days 1,828 sqft
    2019-09-01 58 days 1,812 sqft
    2019-10-01 57 days 1,809 sqft
    2019-11-01 57 days 1,809 sqft
    2019-12-01 71 days 1,813 sqft
    2020-01-01 73 days 1,826 sqft
    2020-02-01 66 days 1,820 sqft
    2020-03-01 54 days 1,810 sqft
    2020-04-01 45 days 1,789 sqft
    2020-05-01 51 days 1,800 sqft
    2020-06-01 52 days 1,865 sqft
    2020-07-01 40 days 1,855 sqft
    2020-08-01 37 days 1,934 sqft
    2020-09-01 44 days 1,995 sqft
    2020-10-01 32 days 1,874 sqft
    2020-11-01 42 days 1,840 sqft
    2020-12-01 51 days 1,842 sqft
    2021-01-01 57 days 1,924 sqft
    2021-02-01 61 days 1,965 sqft
    2021-03-01 42 days 1,985 sqft
    2021-04-01 35 days 1,896 sqft
    2021-05-01 29 days 1,908 sqft
    2021-06-01 26 days 1,905 sqft
    2021-07-01 28 days 1,800 sqft
    2021-08-01 30 days 1,844 sqft
    2021-09-01 30 days 1,815 sqft
    2021-10-01 44 days 1,889 sqft
    2021-11-01 45 days 1,870 sqft
    2021-12-01 51 days 1,848 sqft
    2022-01-01 53 days 1,950 sqft
    2022-02-01 28 days 1,949 sqft
    2022-03-01 19 days 1,813 sqft
    2022-04-01 19 days 1,750 sqft
    2022-05-01 30 days 1,753 sqft
    2022-06-01 27 days 1,743 sqft
    2022-07-01 32 days 1,742 sqft
    2022-08-01 39 days 1,697 sqft
    2022-09-01 45 days 1,751 sqft
    2022-10-01 44 days 1,760 sqft
    2022-11-01 43 days 1,750 sqft
    2022-12-01 51 days 1,705 sqft
    2023-01-01 72 days 1,750 sqft
    2023-02-01 66 days 1,764 sqft
    2023-03-01 37 days 1,800 sqft
    2023-04-01 31 days 1,768 sqft
    2023-05-01 38 days 1,787 sqft
    2023-06-01 38 days 1,920 sqft
    2023-07-01 37 days 1,850 sqft
    2023-08-01 38 days 1,818 sqft
    2023-09-01 45 days 1,855 sqft
    2023-10-01 42 days 1,864 sqft
    2023-11-01 48 days 1,863 sqft
    2023-12-01 57 days 1,830 sqft
    2024-01-01 66 days 1,804 sqft
    2024-02-01 65 days 1,793 sqft
    2024-03-01 54 days 1,781 sqft
    2024-04-01 47 days 1,782 sqft
    2024-05-01 38 days 1,768 sqft
    2024-06-01 44 days 1,822 sqft
    2024-07-01 45 days 1,842 sqft
    2024-08-01 38 days 1,815 sqft
    2024-09-01 41 days 1,797 sqft
    2024-10-01 45 days 1,794 sqft
    2024-11-01 51 days 1,780 sqft
    Joplin's median listing age (time on market) for 2024-11-01 was 51 days. This is 6% longer than the same period one year ago.

    Joplin's median square footage for active listings during the 2024-11-01 period was 1,780 sqft. One year prior, the average listing was 1,863 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.