Mcpherson VA Loan Rates, Closing Costs & Stats
McPherson, KS
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.
Mcpherson's 10 lenders originated 23 VA loans during 2023. The total origination value was $4,495,000, with an average VA loan value of $195,435.
Mcpherson VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Mcpherson
averaged
0.51%
for the week of 2024-11-15, compared to the national average (all VA variants) of
0% for the same period.
Mcpherson's average VA mortgage closing costs are $4,819.
The average rate for the prior week (2024-11-08) was
6.81% and
one month ago for the week of 2024-10-11, the
average rate was 6.28%.
The average rate one year ago was 7.37%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0.1%.
Mcpherson 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 Mcpherson level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 8 | 7.17% | $4,317 |
| Gateway First Bank | 4 | 6.38% | $1,775 |
| PENNYMAC LOAN SERVICES, LLC | 2 | 6.19% | $2,473 |
| FLAT BRANCH MORTGAGE, INC. | 2 | 6.69% | $8,053 |
| FREEDOM MORTGAGE CORPORATION | 1 | 6.38% | $12,080 |
| Encompass Lending Group, LP | 1 | 7.13% | $4,545 |
| Armed Forces Bank | 1 | 6.13% | $2,169 |
| Mr. Cooper ( Nationstar Mortgage ) | 1 | 7.25% | $8,602 |
| NEW DAY FINANCIAL, LLC | 1 | 6.38% | $7,911 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 6.63% | $6,023 |
The top Mcpherson VA lender as defined by loan originations is Mortgage Research Center, LLC, with
8 VA loans originated. Their average total fees are
$4,317, which is $2,542
higher than the next largest lender,
Gateway First Bank.
The lowest fee Mcpherson VA lenders (with over 10 loans originated) are
.
The lowest rate Mcpherson VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Mcpherson (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 | $148,950 (-0.7%) | $183,503 (6.0%) | 0.00 | 127 |
| 2018-02-01 | $148,800 (-4.6%) | $182,804 (1.9%) | 0.00 | 135 |
| 2018-03-01 | $149,900 (-4.5%) | $181,451 (3.7%) | 0.00 | 139 |
| 2018-04-01 | $159,175 (-0.5%) | $192,327 (9.2%) | 0.00 | 134 |
| 2018-05-01 | $166,200 (2.8%) | $194,421 (6.4%) | 0.00 | 140 |
| 2018-06-01 | $159,900 (-4.5%) | $194,724 (1.3%) | 0.00 | 144 |
| 2018-07-01 | $164,875 (-1.3%) | $194,171 (0.5%) | 0.00 | 147 |
| 2018-08-01 | $161,100 (-2.3%) | $191,207 (0.9%) | 0.00 | 152 |
| 2018-09-01 | $159,900 (4.6%) | $187,479 (2.3%) | 0.00 | 159 |
| 2018-10-01 | $156,700 (2.6%) | $183,892 (1.6%) | 0.00 | 146 |
| 2018-11-01 | $157,800 (6.1%) | $187,222 (2.3%) | 0.00 | 143 |
| 2018-12-01 | $159,900 (12.3%) | $192,702 (8.5%) | 0.00 | 132 |
| 2019-01-01 | $159,900 (7.4%) | $195,709 (6.7%) | 0.00 | 135 |
| 2019-02-01 | $159,000 (6.9%) | $199,316 (9.0%) | 0.00 | 135 |
| 2019-03-01 | $158,529 (5.8%) | $195,619 (7.8%) | 0.00 | 131 |
| 2019-04-01 | $157,979 (-0.8%) | $194,828 (1.3%) | 0.00 | 122 |
| 2019-05-01 | $165,663 (-0.3%) | $202,745 (4.3%) | 0.00 | 131 |
| 2019-06-01 | $165,600 (3.6%) | $192,222 (-1.3%) | 0.00 | 134 |
| 2019-07-01 | $180,675 (9.6%) | $200,590 (3.3%) | 0.00 | 139 |
| 2019-08-01 | $182,595 (13.3%) | $213,406 (11.6%) | 0.00 | 128 |
| 2019-09-01 | $179,139 (12.0%) | $212,261 (13.2%) | 0.00 | 122 |
| 2019-10-01 | $176,834 (12.9%) | $211,497 (15.0%) | 0.00 | 116 |
| 2019-11-01 | $179,900 (14.0%) | $214,850 (14.8%) | 0.00 | 103 |
| 2019-12-01 | $173,650 (8.6%) | $212,718 (10.4%) | 0.00 | 106 |
| 2020-01-01 | $169,900 (6.3%) | $199,465 (1.9%) | 0.00 | 108 |
| 2020-02-01 | $177,450 (11.6%) | $202,583 (1.6%) | 0.00 | 100 |
| 2020-03-01 | $156,500 (-1.3%) | $190,056 (-2.8%) | 0.00 | 101 |
| 2020-04-01 | $159,900 (1.2%) | $191,740 (-1.6%) | 0.00 | 102 |
| 2020-05-01 | $164,900 (-0.5%) | $200,412 (-1.2%) | 0.00 | 103 |
| 2020-06-01 | $165,150 (-0.3%) | $206,234 (7.3%) | 0.00 | 93 |
| 2020-07-01 | $182,125 (0.8%) | $214,534 (7.0%) | 0.00 | 87 |
| 2020-08-01 | $176,000 (-3.6%) | $211,351 (-1.0%) | 0.00 | 80 |
| 2020-09-01 | $189,900 (6.0%) | $221,465 (4.3%) | 0.00 | 70 |
| 2020-10-01 | $187,450 (6.0%) | $225,483 (6.6%) | 0.00 | 65 |
| 2020-11-01 | $183,675 (2.1%) | $222,671 (3.6%) | 0.00 | 64 |
| 2020-12-01 | $194,500 (12.0%) | $234,805 (10.4%) | 0.00 | 58 |
| 2021-01-01 | $219,900 (29.4%) | $249,753 (25.2%) | 0.00 | 52 |
| 2021-02-01 | $206,925 (16.6%) | $247,157 (22.0%) | 0.00 | 46 |
| 2021-03-01 | $192,250 (22.8%) | $228,243 (20.1%) | 0.00 | 42 |
| 2021-04-01 | $213,950 (33.8%) | $251,503 (31.2%) | 0.00 | 32 |
| 2021-05-01 | $172,400 (4.6%) | $223,475 (11.5%) | 0.00 | 37 |
| 2021-06-01 | $173,675 (5.2%) | $224,008 (8.6%) | 0.00 | 39 |
| 2021-07-01 | $156,400 (-14.1%) | $205,282 (-4.3%) | 0.00 | 45 |
| 2021-08-01 | $151,950 (-13.7%) | $176,127 (-16.7%) | 0.00 | 42 |
| 2021-09-01 | $146,150 (-23.0%) | $173,516 (-21.7%) | 0.00 | 37 |
| 2021-10-01 | $142,000 (-24.3%) | $185,489 (-17.7%) | 0.00 | 38 |
| 2021-11-01 | $144,475 (-21.3%) | $189,542 (-14.9%) | 0.00 | 33 |
| 2021-12-01 | $147,450 (-24.2%) | $190,084 (-19.1%) | 0.00 | 29 |
| 2022-01-01 | $163,000 (-25.9%) | $200,129 (-19.9%) | 0.00 | 26 |
| 2022-02-01 | $201,950 (-2.4%) | $217,874 (-11.9%) | 0.00 | 26 |
| 2022-03-01 | $224,900 (17.0%) | $225,617 (-1.2%) | 0.00 | 25 |
| 2022-04-01 | $189,000 (-11.7%) | $226,877 (-9.8%) | 0.00 | 20 |
| 2022-05-01 | $230,475 (33.7%) | $232,636 (4.1%) | 0.00 | 28 |
| 2022-06-01 | $172,450 (-0.7%) | $209,811 (-6.3%) | 0.00 | 24 |
| 2022-07-01 | $209,900 (34.2%) | $209,935 (2.3%) | 0.00 | 30 |
| 2022-08-01 | $191,875 (26.3%) | $216,588 (23.0%) | 0.00 | 35 |
| 2022-09-01 | $195,000 (33.4%) | $213,348 (23.0%) | 0.00 | 41 |
| 2022-10-01 | $207,000 (45.8%) | $240,884 (29.9%) | 0.00 | 47 |
| 2022-11-01 | $200,350 (38.7%) | $264,000 (39.3%) | 0.00 | 45 |
| 2022-12-01 | $201,300 (36.5%) | $272,078 (43.1%) | 0.00 | 43 |
| 2023-01-01 | $199,950 (22.7%) | $252,781 (26.3%) | 0.00 | 38 |
| 2023-02-01 | $205,950 (2.0%) | $248,239 (13.9%) | 0.00 | 33 |
| 2023-03-01 | $202,225 (-10.1%) | $235,767 (4.5%) | 0.00 | 33 |
| 2023-04-01 | $201,300 (6.5%) | $248,479 (9.5%) | 0.00 | 33 |
| 2023-05-01 | $201,525 (-12.6%) | $259,189 (11.4%) | 0.00 | 38 |
| 2023-06-01 | $209,825 (21.7%) | $242,141 (15.4%) | 0.00 | 52 |
| 2023-07-01 | $199,900 (-4.8%) | $234,623 (11.8%) | 0.00 | 55 |
| 2023-08-01 | $225,025 (17.3%) | $253,160 (16.9%) | 0.00 | 52 |
| 2023-09-01 | $228,750 (17.3%) | $261,311 (22.5%) | 0.00 | 53 |
| 2023-10-01 | $225,000 (8.7%) | $265,911 (10.4%) | 0.00 | 51 |
| 2023-11-01 | $225,000 (12.3%) | $267,172 (1.2%) | 0.00 | 50 |
| 2023-12-01 | $219,950 (9.3%) | $257,466 (-5.4%) | 0.00 | 44 |
| 2024-01-01 | $239,725 (19.9%) | $260,824 (3.2%) | 0.00 | 46 |
| 2024-02-01 | $237,725 (15.4%) | $254,751 (2.6%) | 0.00 | 47 |
| 2024-03-01 | $248,450 (22.9%) | $278,421 (18.1%) | 0.00 | 47 |
| 2024-04-01 | $239,125 (18.8%) | $262,029 (5.5%) | 0.00 | 58 |
| 2024-05-01 | $239,600 (18.9%) | $270,355 (4.3%) | 0.00 | 67 |
| 2024-06-01 | $235,000 (12.0%) | $268,620 (10.9%) | 0.00 | 77 |
| 2024-07-01 | $229,225 (14.7%) | $266,730 (13.7%) | 0.00 | 78 |
| 2024-08-01 | $225,000 (0.0%) | $276,544 (9.2%) | 0.00 | 81 |
| 2024-09-01 | $251,175 (9.8%) | $284,983 (9.1%) | 0.00 | 85 |
| 2024-10-01 | $257,345 (14.4%) | $273,927 (3.0%) | 0.00 | 81 |
Mcpherson's median listing price comes in at 0% of the national average.
Mcpherson's average listing price for 2024-10-01 was $273,927, a difference of $8,016 (3.0%) versus the prior year and $-11,056 versus the prior month.
For the 2024-10-01 period, Mcpherson had 81 MLS listings, a difference of -4 listings (-5%) versus the prior month and 30 listings (59%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mcpherson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,898 sqft |
| 2018-02-01 | 0 days | 1,957 sqft |
| 2018-03-01 | 0 days | 1,975 sqft |
| 2018-04-01 | 0 days | 2,031 sqft |
| 2018-05-01 | 0 days | 2,064 sqft |
| 2018-06-01 | 0 days | 2,034 sqft |
| 2018-07-01 | 0 days | 2,057 sqft |
| 2018-08-01 | 0 days | 2,024 sqft |
| 2018-09-01 | 0 days | 2,070 sqft |
| 2018-10-01 | 0 days | 2,030 sqft |
| 2018-11-01 | 0 days | 2,077 sqft |
| 2018-12-01 | 0 days | 2,116 sqft |
| 2019-01-01 | 0 days | 2,204 sqft |
| 2019-02-01 | 0 days | 2,034 sqft |
| 2019-03-01 | 0 days | 1,971 sqft |
| 2019-04-01 | 0 days | 1,947 sqft |
| 2019-05-01 | 0 days | 1,954 sqft |
| 2019-06-01 | 0 days | 1,890 sqft |
| 2019-07-01 | 0 days | 1,931 sqft |
| 2019-08-01 | 0 days | 1,963 sqft |
| 2019-09-01 | 0 days | 1,987 sqft |
| 2019-10-01 | 0 days | 2,002 sqft |
| 2019-11-01 | 0 days | 2,235 sqft |
| 2019-12-01 | 0 days | 2,176 sqft |
| 2020-01-01 | 0 days | 2,022 sqft |
| 2020-02-01 | 0 days | 2,142 sqft |
| 2020-03-01 | 0 days | 2,077 sqft |
| 2020-04-01 | 0 days | 2,048 sqft |
| 2020-05-01 | 0 days | 1,953 sqft |
| 2020-06-01 | 0 days | 2,009 sqft |
| 2020-07-01 | 0 days | 2,174 sqft |
| 2020-08-01 | 0 days | 2,132 sqft |
| 2020-09-01 | 0 days | 2,221 sqft |
| 2020-10-01 | 0 days | 2,250 sqft |
| 2020-11-01 | 0 days | 2,164 sqft |
| 2020-12-01 | 0 days | 2,293 sqft |
| 2021-01-01 | 0 days | 2,392 sqft |
| 2021-02-01 | 0 days | 2,349 sqft |
| 2021-03-01 | 0 days | 2,217 sqft |
| 2021-04-01 | 0 days | 2,429 sqft |
| 2021-05-01 | 0 days | 1,984 sqft |
| 2021-06-01 | 0 days | 1,935 sqft |
| 2021-07-01 | 0 days | 1,800 sqft |
| 2021-08-01 | 0 days | 1,656 sqft |
| 2021-09-01 | 0 days | 1,578 sqft |
| 2021-10-01 | 0 days | 1,774 sqft |
| 2021-11-01 | 0 days | 1,756 sqft |
| 2021-12-01 | 0 days | 1,635 sqft |
| 2022-01-01 | 0 days | 1,520 sqft |
| 2022-02-01 | 0 days | 1,520 sqft |
| 2022-03-01 | 0 days | 1,587 sqft |
| 2022-04-01 | 0 days | 2,092 sqft |
| 2022-05-01 | 0 days | 2,258 sqft |
| 2022-06-01 | 0 days | 1,958 sqft |
| 2022-07-01 | 0 days | 2,180 sqft |
| 2022-08-01 | 0 days | 2,198 sqft |
| 2022-09-01 | 0 days | 2,094 sqft |
| 2022-10-01 | 0 days | 2,191 sqft |
| 2022-11-01 | 0 days | 2,147 sqft |
| 2022-12-01 | 0 days | 2,004 sqft |
| 2023-01-01 | 0 days | 2,018 sqft |
| 2023-02-01 | 0 days | 1,899 sqft |
| 2023-03-01 | 0 days | 1,670 sqft |
| 2023-04-01 | 0 days | 1,656 sqft |
| 2023-05-01 | 0 days | 1,652 sqft |
| 2023-06-01 | 0 days | 1,774 sqft |
| 2023-07-01 | 0 days | 1,883 sqft |
| 2023-08-01 | 0 days | 1,979 sqft |
| 2023-09-01 | 0 days | 2,232 sqft |
| 2023-10-01 | 0 days | 2,103 sqft |
| 2023-11-01 | 0 days | 1,837 sqft |
| 2023-12-01 | 0 days | 1,674 sqft |
| 2024-01-01 | 0 days | 1,809 sqft |
| 2024-02-01 | 0 days | 1,793 sqft |
| 2024-03-01 | 0 days | 1,926 sqft |
| 2024-04-01 | 0 days | 1,890 sqft |
| 2024-05-01 | 0 days | 1,922 sqft |
| 2024-06-01 | 0 days | 1,936 sqft |
| 2024-07-01 | 0 days | 1,965 sqft |
| 2024-08-01 | 0 days | 1,861 sqft |
| 2024-09-01 | 0 days | 1,915 sqft |
| 2024-10-01 | 0 days | 1,891 sqft |
Mcpherson's median square footage for active listings during the 2024-10-01 period was 1,891 sqft. One year prior, the average listing was 2,103 sqft.