Lebanon VA Loan Rates, Closing Costs & Stats

Lebanon, 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.

    Lebanon's 27 lenders originated 83 VA loans during 2023. The total origination value was $22,415,000, with an average VA loan value of $270,060.

    Lebanon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lebanon averaged 7% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Lebanon's average VA mortgage closing costs are $4,220.

    The average rate for the prior week (2024-04-12) was 6.63% and one month ago for the week of 2024-03-15, the average rate was 6.8%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Lebanon 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 Lebanon level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 11 6.62% $3,517
    UNITED WHOLESALE MORTGAGE, LLC 8 6.91% $2,239
    FLAT BRANCH MORTGAGE, INC. 8 6.75% $4,422
    NAVY FEDERAL CREDIT UNION 7 5.88% $4,918
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.40% $6,236
    USAA Federal Savings Bank 5 6.40% $6,361
    BROKER SOLUTIONS, INC. 4 6.59% $8,771
    DAS Acquisition Company, LLC 3 7.50% $7,166
    PENNYMAC LOAN SERVICES, LLC 3 5.71% $4,892
    QUICKEN LOANS, LLC 3 5.95% $8,373
    FREEDOM MORTGAGE CORPORATION 3 6.42% $14,352
    AMERISAVE MORTGAGE CORPORATION 2 6.00% $13,806
    CROSSCOUNTRY MORTGAGE, LLC 2 7.34% $5,984
    GUARANTEED RATE, INC. 2 6.50% $7,469
    NEW DAY FINANCIAL, LLC 2 7.50% $12,069
    Midwest Mortgage Associates Corporation 1 6.88% $6,113
    U.S. Bank 1 7.13% $2,617
    Mid-Continent Funding, Inc. 1 5.50% $19,454
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $7,174
    Plains Commerce Bank 1 6.75% $9,515
    PLANET HOME LENDING, LLC 1 5.50% $4,264
    Ixonia Bank 1 6.38% $5,016
    ENDEAVOR CAPITAL, LLC. 1 6.13% $9,253
    The Federal Savings Bank 1 6.25% $18,835
    Arvest Bank 1 6.00% $7,114
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $2,918
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0

    The top Lebanon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $3,517, which is $1,278 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lebanon VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,517), .

    The lowest rate Lebanon VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.62%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lebanon (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 $159,450 (7.5%) $198,587 (-0.8%) 0.00 153
    2018-02-01 $162,450 (9.2%) $198,309 (0.8%) 0.00 157
    2018-03-01 $169,900 (14.7%) $203,105 (4.6%) 0.00 156
    2018-04-01 $172,400 (15.5%) $207,489 (7.8%) 0.00 162
    2018-05-01 $184,200 (18.9%) $222,456 (14.6%) 0.00 173
    2018-06-01 $184,400 (14.0%) $222,923 (10.0%) 0.00 176
    2018-07-01 $196,600 (17.4%) $226,040 (9.0%) 0.00 167
    2018-08-01 $189,900 (22.4%) $236,947 (25.3%) 0.00 165
    2018-09-01 $176,950 (11.6%) $228,669 (21.3%) 0.00 162
    2018-10-01 $174,925 (6.5%) $224,915 (13.1%) 0.00 176
    2018-11-01 $176,125 (8.1%) $223,194 (11.7%) 0.00 180
    2018-12-01 $174,900 (6.1%) $215,925 (7.7%) 0.00 172
    2019-01-01 $169,900 (6.6%) $213,688 (7.6%) 0.00 145
    2019-02-01 $178,850 (10.1%) $234,293 (18.2%) 0.00 129
    2019-03-01 $185,829 (9.4%) $239,675 (18.0%) 0.00 124
    2019-04-01 $182,204 (5.7%) $237,658 (14.5%) 0.00 131
    2019-05-01 $169,900 (-7.8%) $236,744 (6.4%) 0.00 140
    2019-06-01 $195,900 (6.2%) $261,249 (17.2%) 0.00 147
    2019-07-01 $181,400 (-7.7%) $244,142 (8.0%) 0.00 151
    2019-08-01 $184,536 (-2.8%) $247,789 (4.6%) 0.00 160
    2019-09-01 $191,491 (8.2%) $255,763 (11.9%) 0.00 165
    2019-10-01 $192,627 (10.1%) $258,893 (15.1%) 0.00 164
    2019-11-01 $179,900 (2.1%) $258,588 (15.9%) 0.00 155
    2019-12-01 $181,150 (3.6%) $259,316 (20.1%) 0.00 156
    2020-01-01 $194,175 (14.3%) $266,821 (24.9%) 0.00 133
    2020-02-01 $199,500 (11.6%) $259,653 (10.8%) 0.00 140
    2020-03-01 $190,950 (2.8%) $256,489 (7.0%) 0.00 152
    2020-04-01 $181,175 (-0.6%) $242,945 (2.2%) 0.00 150
    2020-05-01 $175,000 (3.0%) $240,985 (1.8%) 0.00 144
    2020-06-01 $182,925 (-6.6%) $254,547 (-2.6%) 0.00 129
    2020-07-01 $200,550 (10.6%) $276,775 (13.4%) 0.00 108
    2020-08-01 $199,900 (8.3%) $269,952 (8.9%) 0.00 106
    2020-09-01 $221,163 (15.5%) $278,681 (9.0%) 0.00 98
    2020-10-01 $210,900 (9.5%) $278,013 (7.4%) 0.00 88
    2020-11-01 $222,475 (23.7%) $289,767 (12.1%) 0.00 72
    2020-12-01 $208,700 (15.2%) $276,364 (6.6%) 0.00 70
    2021-01-01 $229,000 (17.9%) $337,179 (26.4%) 0.00 55
    2021-02-01 $224,450 (12.5%) $338,070 (30.2%) 0.00 52
    2021-03-01 $194,675 (2.0%) $295,904 (15.4%) 0.00 48
    2021-04-01 $207,450 (14.5%) $303,319 (24.9%) 0.00 40
    2021-05-01 $189,900 (8.5%) $249,388 (3.5%) 0.00 58
    2021-06-01 $189,900 (3.8%) $236,100 (-7.3%) 0.00 63
    2021-07-01 $195,000 (-2.8%) $235,299 (-15.0%) 0.00 86
    2021-08-01 $199,725 (-0.1%) $251,957 (-6.7%) 0.00 81
    2021-09-01 $198,800 (-10.1%) $261,275 (-6.3%) 0.00 77
    2021-10-01 $195,250 (-7.4%) $265,872 (-4.4%) 0.00 71
    2021-11-01 $192,400 (-13.5%) $253,209 (-12.6%) 0.00 68
    2021-12-01 $198,475 (-4.9%) $252,379 (-8.7%) 0.00 68
    2022-01-01 $207,450 (-9.4%) $259,166 (-23.1%) 0.00 59
    2022-02-01 $194,900 (-13.2%) $256,379 (-24.2%) 0.00 56
    2022-03-01 $197,450 (1.4%) $266,452 (-10.0%) 0.00 47
    2022-04-01 $229,950 (10.9%) $249,041 (-17.9%) 0.00 38
    2022-05-01 $232,425 (22.4%) $259,141 (3.9%) 0.00 53
    2022-06-01 $202,500 (6.6%) $256,551 (8.7%) 0.00 68
    2022-07-01 $189,450 (-2.9%) $257,052 (9.2%) 0.00 69
    2022-08-01 $206,150 (3.2%) $286,065 (13.5%) 0.00 56
    2022-09-01 $223,500 (12.4%) $287,643 (10.1%) 0.00 61
    2022-10-01 $230,000 (17.8%) $292,453 (10.0%) 0.00 71
    2022-11-01 $222,000 (15.4%) $275,078 (8.6%) 0.00 75
    2022-12-01 $232,250 (17.0%) $270,831 (7.3%) 0.00 73
    2023-01-01 $257,425 (24.1%) $295,393 (14.0%) 0.00 56
    2023-02-01 $269,900 (38.5%) $315,984 (23.3%) 0.00 49
    2023-03-01 $254,900 (29.1%) $324,527 (21.8%) 0.00 48
    2023-04-01 $249,900 (8.7%) $320,135 (28.6%) 0.00 55
    2023-05-01 $268,675 (15.6%) $318,412 (22.9%) 0.00 59
    2023-06-01 $274,900 (35.8%) $328,379 (28.0%) 0.00 58
    2023-07-01 $264,950 (39.9%) $326,161 (26.9%) 0.00 66
    2023-08-01 $277,975 (34.8%) $332,077 (16.1%) 0.00 85
    2023-09-01 $279,450 (25.0%) $329,431 (14.5%) 0.00 99
    2023-10-01 $242,400 (5.4%) $296,221 (1.3%) 0.00 109
    2023-11-01 $239,450 (7.9%) $277,307 (0.8%) 0.00 118
    2023-12-01 $228,250 (-1.7%) $272,744 (0.7%) 0.00 113
    2024-01-01 $239,900 (-6.8%) $263,901 (-10.7%) 0.00 92
    2024-02-01 $239,900 (-11.1%) $260,897 (-17.4%) 0.00 95
    2024-03-01 $249,950 (-1.9%) $290,004 (-10.6%) 0.00 98
    Lebanon's median listing price for 2024-03-01 was $249,950, a difference of $-4,950 (-1.9%) versus the prior year and $10,050 versus the prior month.

    Lebanon's median listing price comes in at 0% of the national average.

    Lebanon's average listing price for 2024-03-01 was $290,004, a difference of $-34,523 (-10.6%) versus the prior year and $29,107 versus the prior month.

    For the 2024-03-01 period, Lebanon had 98 MLS listings, a difference of 3 listings (3%) versus the prior month and 50 listings (104%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lebanon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,000 sqft
    2018-02-01 0 days 1,909 sqft
    2018-03-01 0 days 2,000 sqft
    2018-04-01 0 days 2,025 sqft
    2018-05-01 0 days 2,048 sqft
    2018-06-01 0 days 2,040 sqft
    2018-07-01 0 days 2,059 sqft
    2018-08-01 0 days 2,001 sqft
    2018-09-01 0 days 1,916 sqft
    2018-10-01 0 days 1,885 sqft
    2018-11-01 0 days 1,923 sqft
    2018-12-01 0 days 1,916 sqft
    2019-01-01 0 days 1,792 sqft
    2019-02-01 0 days 1,825 sqft
    2019-03-01 0 days 1,829 sqft
    2019-04-01 0 days 1,844 sqft
    2019-05-01 0 days 1,802 sqft
    2019-06-01 0 days 1,920 sqft
    2019-07-01 0 days 1,807 sqft
    2019-08-01 0 days 1,925 sqft
    2019-09-01 0 days 2,007 sqft
    2019-10-01 0 days 2,037 sqft
    2019-11-01 0 days 1,992 sqft
    2019-12-01 0 days 1,990 sqft
    2020-01-01 0 days 1,991 sqft
    2020-02-01 0 days 1,940 sqft
    2020-03-01 0 days 1,899 sqft
    2020-04-01 0 days 1,867 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,830 sqft
    2020-07-01 0 days 1,860 sqft
    2020-08-01 0 days 1,886 sqft
    2020-09-01 0 days 2,087 sqft
    2020-10-01 0 days 1,987 sqft
    2020-11-01 0 days 2,040 sqft
    2020-12-01 0 days 1,920 sqft
    2021-01-01 0 days 2,120 sqft
    2021-02-01 0 days 2,007 sqft
    2021-03-01 0 days 1,747 sqft
    2021-04-01 0 days 1,797 sqft
    2021-05-01 0 days 1,728 sqft
    2021-06-01 0 days 1,556 sqft
    2021-07-01 0 days 1,590 sqft
    2021-08-01 0 days 1,688 sqft
    2021-09-01 0 days 1,756 sqft
    2021-10-01 0 days 1,778 sqft
    2021-11-01 0 days 1,644 sqft
    2021-12-01 0 days 1,572 sqft
    2022-01-01 0 days 1,554 sqft
    2022-02-01 0 days 1,533 sqft
    2022-03-01 0 days 1,506 sqft
    2022-04-01 0 days 1,512 sqft
    2022-05-01 0 days 1,655 sqft
    2022-06-01 0 days 1,445 sqft
    2022-07-01 0 days 1,430 sqft
    2022-08-01 0 days 1,540 sqft
    2022-09-01 0 days 1,563 sqft
    2022-10-01 0 days 1,632 sqft
    2022-11-01 0 days 1,512 sqft
    2022-12-01 0 days 1,503 sqft
    2023-01-01 0 days 1,717 sqft
    2023-02-01 0 days 1,823 sqft
    2023-03-01 0 days 1,791 sqft
    2023-04-01 0 days 1,797 sqft
    2023-05-01 0 days 2,000 sqft
    2023-06-01 0 days 2,017 sqft
    2023-07-01 0 days 1,876 sqft
    2023-08-01 0 days 1,773 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,691 sqft
    2023-11-01 0 days 1,621 sqft
    2023-12-01 0 days 1,622 sqft
    2024-01-01 0 days 1,640 sqft
    2024-02-01 0 days 1,556 sqft
    2024-03-01 0 days 1,597 sqft
    Lebanon's median listing age (time on market) for 2024-03-01 was 0 days.

    Lebanon's median square footage for active listings during the 2024-03-01 period was 1,597 sqft. One year prior, the average listing was 1,791 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.