Meridian VA Loan Rates, Closing Costs & Stats

Meridian, MS

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Meridian's 41 lenders originated 199 VA loans during 2024. The total origination value was $48,275,000, with an average VA loan value of $242,588.

    Meridian VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Meridian averaged 6.51% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Meridian's average VA mortgage closing costs are $5,766.

    The average rate for the prior week (2025-03-28) was 6.33% and one month ago for the week of 2025-02-28, the average rate was 6.41%.

    The average rate one year ago was 6.61%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.6%.

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

    Meridian 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 Meridian level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 49 6.47% $4,970
    Trustmark National Bank 34 6.32% $6,745
    NAVY FEDERAL CREDIT UNION 15 6.02% $6,244
    QUICKEN LOANS, LLC 11 6.27% $10,879
    UNITED WHOLESALE MORTGAGE, LLC 8 6.55% $11,551
    NEW DAY FINANCIAL, LLC 7 7.39% $8,508
    PENNYMAC LOAN SERVICES, LLC 6 5.67% $4,176
    Barrington Bank & Trust Company, N.A. 6 6.04% $4,478
    FIRST COLONY MORTGAGE CORPORATION 4 6.22% $4,273
    Renasant Bank 3 6.17% $6,964
    PLANET HOME LENDING, LLC 3 6.12% $2,850
    VILLAGE CAPITAL MORTGAGE 3 6.08% $4,291
    USAA Federal Savings Bank 3 5.75% $5,715
    The Citizens National Bank of Meridian 3 6.67% $11,673
    Regions Bank 2 5.94% $4,559
    FREEDOM MORTGAGE CORPORATION 2 6.31% $6,667
    GUARANTEED RATE, INC. 2 6.50% $5,631
    KEESLER 2 5.63% $5,095
    Mid-Continent Funding, Inc. 2 6.25% $4,528
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.50% $2,429
    NBKC BANK 2 6.25% $5,653
    Paramount Residential Mortgage Group, Inc. 2 5.94% $7,476
    MOVEMENT MORTGAGE, LLC 1 6.75% $9,464
    NEWREZ LLC 1 6.75% $2,061
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $16,211
    Paramount Bank 1 6.13% $3,252
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.75% $7,502
    LOANDEPOT.COM, LLC 1 6.88% $8,481
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $14,958
    CROSSCOUNTRY MORTGAGE, LLC 1 7.75% $8,982
    AmeriHome Mortgage Company, LLC 1 5.50% $5,622
    RELIANCE FIRST CAPITAL, LLC 1 7.00% $2,806
    Cornerstone First Mortgage, Inc 1 6.25% $15,032
    T2 FINANCIAL LLC 1 7.25% $3,413
    CALCON MUTUAL MORTGAGE LLC 1 6.00% $2,940
    TOWNE MORTGAGE COMPANY 1 7.25% $4,454
    BROKER SOLUTIONS, INC. 1 6.75% $11,023
    UMB Bank 1 6.13% $5,136
    BankPlus 1 6.13% $3,451
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $9,653
    BancorpSouth 1 6.13% $11,495

    The top Meridian VA lender as defined by loan originations is Mortgage Research Center, LLC, with 49 VA loans originated. Their average total fees are $4,970, which is $1,775 lower than the next largest lender, Trustmark National Bank.

    The lowest fee Meridian VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,970), NAVY FEDERAL CREDIT UNION ($6,244), Trustmark National Bank ($6,745), QUICKEN LOANS, LLC ($10,879) and .

    The lowest rate Meridian VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (6.02%), QUICKEN LOANS, LLC (6.27%), Trustmark National Bank (6.32%), Mortgage Research Center, LLC (6.47%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Meridian (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 $138,900 (5.7%) $189,228 (9.0%) 0.00 406
    2018-02-01 $135,500 (9.3%) $184,958 (7.7%) 0.00 403
    2018-03-01 $137,000 (5.6%) $183,050 (4.4%) 0.00 391
    2018-04-01 $144,750 (4.9%) $192,031 (2.2%) 0.00 375
    2018-05-01 $149,000 (10.4%) $197,166 (3.0%) 0.00 374
    2018-06-01 $146,000 (5.7%) $196,166 (1.3%) 0.00 388
    2018-07-01 $149,000 (2.8%) $193,693 (-0.1%) 0.00 399
    2018-08-01 $155,000 (5.2%) $192,548 (-1.6%) 0.00 391
    2018-09-01 $155,000 (5.1%) $196,520 (-0.6%) 0.00 391
    2018-10-01 $145,750 (-2.6%) $188,281 (-3.5%) 0.00 398
    2018-11-01 $152,500 (2.7%) $183,026 (-5.9%) 0.00 375
    2018-12-01 $149,000 (5.7%) $177,951 (-7.5%) 0.00 361
    2019-01-01 $148,125 (6.6%) $178,767 (-5.5%) 0.00 350
    2019-02-01 $149,925 (10.7%) $178,307 (-3.6%) 0.00 353
    2019-03-01 $149,000 (8.8%) $179,242 (-2.1%) 0.00 355
    2019-04-01 $149,000 (2.9%) $182,516 (-5.0%) 0.00 350
    2019-05-01 $145,950 (-2.1%) $189,349 (-4.0%) 0.00 343
    2019-06-01 $155,000 (6.2%) $197,298 (0.6%) 0.00 356
    2019-07-01 $157,825 (5.9%) $197,978 (2.2%) 0.00 356
    2019-08-01 $153,782 (-0.8%) $194,529 (1.0%) 0.00 343
    2019-09-01 $146,030 (-5.8%) $190,182 (-3.2%) 0.00 326
    2019-10-01 $139,950 (-4.0%) $187,365 (-0.5%) 0.00 313
    2019-11-01 $139,900 (-8.3%) $193,732 (5.9%) 0.00 288
    2019-12-01 $139,900 (-6.1%) $191,764 (7.8%) 0.00 280
    2020-01-01 $135,250 (-8.7%) $192,230 (7.5%) 0.00 272
    2020-02-01 $132,200 (-11.8%) $193,375 (8.5%) 0.00 274
    2020-03-01 $132,350 (-11.2%) $189,808 (5.9%) 0.00 275
    2020-04-01 $140,700 (-5.6%) $203,325 (11.4%) 0.00 263
    2020-05-01 $139,000 (-4.8%) $191,006 (0.9%) 0.00 241
    2020-06-01 $131,125 (-15.4%) $190,420 (-3.5%) 0.00 212
    2020-07-01 $129,375 (-18.0%) $186,483 (-5.8%) 0.00 195
    2020-08-01 $139,450 (-9.3%) $190,881 (-1.9%) 0.00 184
    2020-09-01 $146,175 (0.1%) $187,410 (-1.5%) 0.00 181
    2020-10-01 $155,250 (10.9%) $198,764 (6.1%) 0.00 184
    2020-11-01 $165,475 (18.3%) $199,057 (2.8%) 0.00 183
    2020-12-01 $149,950 (7.2%) $191,841 (0.0%) 0.00 186
    2021-01-01 $176,500 (30.5%) $199,601 (3.8%) 0.00 162
    2021-02-01 $172,450 (30.5%) $199,180 (3.0%) 0.00 128
    2021-03-01 $166,225 (25.6%) $191,455 (0.9%) 0.00 113
    2021-04-01 $161,750 (15.0%) $198,310 (-2.5%) 0.00 108
    2021-05-01 $162,500 (16.9%) $207,487 (8.6%) 0.00 101
    2021-06-01 $161,875 (23.5%) $219,644 (15.4%) 0.00 99
    2021-07-01 $165,000 (27.5%) $215,448 (15.5%) 0.00 95
    2021-08-01 $159,475 (14.4%) $209,279 (9.6%) 0.00 107
    2021-09-01 $152,200 (4.1%) $216,873 (15.7%) 0.00 103
    2021-10-01 $150,950 (-2.8%) $211,350 (6.3%) 0.00 109
    2021-11-01 $159,950 (-3.3%) $244,802 (23.0%) 0.00 106
    2021-12-01 $148,950 (-0.7%) $238,686 (24.4%) 0.00 99
    2022-01-01 $136,500 (-22.7%) $239,410 (19.9%) 0.00 89
    2022-02-01 $150,925 (-12.5%) $247,378 (24.2%) 0.00 81
    2022-03-01 $165,000 (-0.7%) $263,228 (37.5%) 0.00 79
    2022-04-01 $160,950 (-0.5%) $253,479 (27.8%) 0.00 67
    2022-05-01 $189,900 (16.9%) $276,582 (33.3%) 0.00 74
    2022-06-01 $185,750 (14.8%) $277,857 (26.5%) 0.00 83
    2022-07-01 $165,000 (0.0%) $237,654 (10.3%) 0.00 105
    2022-08-01 $174,425 (9.4%) $242,231 (15.8%) 0.00 112
    2022-09-01 $173,700 (14.1%) $242,187 (11.7%) 0.00 105
    2022-10-01 $159,500 (5.7%) $213,191 (0.9%) 0.00 111
    2022-11-01 $162,000 (1.3%) $217,299 (-11.2%) 0.00 121
    2022-12-01 $144,000 (-3.3%) $200,894 (-15.8%) 0.00 116
    2023-01-01 $157,000 (15.0%) $222,991 (-6.9%) 0.00 111
    2023-02-01 $147,225 (-2.5%) $234,909 (-5.0%) 0.00 109
    2023-03-01 $141,250 (-14.4%) $249,186 (-5.3%) 0.00 85
    2023-04-01 $179,500 (11.5%) $253,605 (0.1%) 0.00 91
    2023-05-01 $192,700 (1.5%) $262,043 (-5.3%) 0.00 89
    2023-06-01 $194,725 (4.8%) $252,156 (-9.3%) 0.00 92
    2023-07-01 $213,750 (29.6%) $255,689 (7.6%) 0.00 116
    2023-08-01 $230,275 (32.0%) $254,070 (4.9%) 0.00 124
    2023-09-01 $192,500 (10.8%) $241,962 (-0.1%) 0.00 118
    2023-10-01 $210,000 (31.7%) $247,764 (16.2%) 0.00 125
    2023-11-01 $191,200 (18.0%) $238,784 (9.9%) 0.00 131
    2023-12-01 $187,250 (30.0%) $237,449 (18.2%) 0.00 141
    2024-01-01 $171,750 (9.4%) $223,685 (0.3%) 0.00 149
    2024-02-01 $167,450 (13.7%) $212,791 (-9.4%) 0.00 135
    2024-03-01 $172,500 (22.1%) $214,156 (-14.1%) 0.00 142
    2024-04-01 $176,000 (-2.0%) $229,826 (-9.4%) 0.00 136
    2024-05-01 $191,100 (-0.8%) $243,518 (-7.1%) 0.00 124
    2024-06-01 $179,950 (-7.6%) $237,013 (-6.0%) 0.00 128
    2024-07-01 $177,675 (-16.9%) $237,385 (-7.2%) 0.00 133
    2024-08-01 $184,500 (-19.9%) $267,207 (5.2%) 0.00 128
    2024-09-01 $197,400 (2.6%) $273,567 (13.1%) 0.00 138
    2024-10-01 $206,750 (-1.6%) $275,116 (11.0%) 0.00 148
    2024-11-01 $179,500 (-6.1%) $255,242 (6.9%) 0.00 166
    2024-12-01 $164,250 (-12.3%) $241,540 (1.7%) 0.00 146
    2025-01-01 $159,450 (-7.2%) $247,167 (10.5%) 0.00 129
    2025-02-01 $164,250 (-1.9%) $241,817 (13.6%) 0.00 127
    2025-03-01 $167,750 (-2.8%) $238,533 (11.4%) 0.00 119
    Meridian's median listing price for 2025-03-01 was $167,750, a difference of $-4,750 (-2.8%) versus the prior year and $3,500 versus the prior month.

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

    Meridian's average listing price for 2025-03-01 was $238,533, a difference of $24,377 (11.4%) versus the prior year and $-3,284 versus the prior month.

    For the 2025-03-01 period, Meridian had 119 MLS listings, a difference of -8 listings (-6%) versus the prior month and -23 listings (-16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Meridian (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,953 sqft
    2018-02-01 0 days 1,944 sqft
    2018-03-01 0 days 1,944 sqft
    2018-04-01 0 days 1,960 sqft
    2018-05-01 0 days 1,979 sqft
    2018-06-01 0 days 1,997 sqft
    2018-07-01 0 days 1,978 sqft
    2018-08-01 0 days 1,975 sqft
    2018-09-01 0 days 1,957 sqft
    2018-10-01 0 days 1,944 sqft
    2018-11-01 0 days 1,934 sqft
    2018-12-01 0 days 1,913 sqft
    2019-01-01 0 days 1,914 sqft
    2019-02-01 0 days 1,914 sqft
    2019-03-01 0 days 1,939 sqft
    2019-04-01 0 days 1,971 sqft
    2019-05-01 0 days 1,981 sqft
    2019-06-01 0 days 2,039 sqft
    2019-07-01 0 days 1,987 sqft
    2019-08-01 0 days 1,965 sqft
    2019-09-01 0 days 1,969 sqft
    2019-10-01 0 days 1,971 sqft
    2019-11-01 0 days 1,989 sqft
    2019-12-01 0 days 1,963 sqft
    2020-01-01 0 days 1,942 sqft
    2020-02-01 0 days 1,910 sqft
    2020-03-01 0 days 1,950 sqft
    2020-04-01 0 days 1,981 sqft
    2020-05-01 0 days 1,966 sqft
    2020-06-01 0 days 1,951 sqft
    2020-07-01 0 days 1,945 sqft
    2020-08-01 0 days 1,950 sqft
    2020-09-01 0 days 1,940 sqft
    2020-10-01 0 days 1,946 sqft
    2020-11-01 0 days 1,951 sqft
    2020-12-01 0 days 1,941 sqft
    2021-01-01 0 days 2,000 sqft
    2021-02-01 0 days 2,065 sqft
    2021-03-01 0 days 2,010 sqft
    2021-04-01 0 days 2,024 sqft
    2021-05-01 0 days 2,059 sqft
    2021-06-01 0 days 2,087 sqft
    2021-07-01 0 days 2,013 sqft
    2021-08-01 0 days 2,010 sqft
    2021-09-01 0 days 1,958 sqft
    2021-10-01 0 days 1,905 sqft
    2021-11-01 0 days 1,940 sqft
    2021-12-01 0 days 1,900 sqft
    2022-01-01 0 days 1,942 sqft
    2022-02-01 0 days 1,928 sqft
    2022-03-01 0 days 2,000 sqft
    2022-04-01 0 days 1,937 sqft
    2022-05-01 0 days 1,959 sqft
    2022-06-01 0 days 1,948 sqft
    2022-07-01 0 days 1,902 sqft
    2022-08-01 0 days 1,948 sqft
    2022-09-01 0 days 1,977 sqft
    2022-10-01 0 days 1,966 sqft
    2022-11-01 0 days 1,925 sqft
    2022-12-01 0 days 1,728 sqft
    2023-01-01 0 days 1,784 sqft
    2023-02-01 0 days 1,883 sqft
    2023-03-01 0 days 1,838 sqft
    2023-04-01 0 days 2,023 sqft
    2023-05-01 0 days 2,285 sqft
    2023-06-01 0 days 2,039 sqft
    2023-07-01 0 days 2,177 sqft
    2023-08-01 0 days 2,231 sqft
    2023-09-01 0 days 2,165 sqft
    2023-10-01 0 days 2,143 sqft
    2023-11-01 0 days 2,112 sqft
    2023-12-01 0 days 2,016 sqft
    2024-01-01 0 days 1,994 sqft
    2024-02-01 0 days 1,949 sqft
    2024-03-01 0 days 1,934 sqft
    2024-04-01 0 days 1,952 sqft
    2024-05-01 0 days 1,999 sqft
    2024-06-01 0 days 1,976 sqft
    2024-07-01 0 days 1,935 sqft
    2024-08-01 0 days 1,955 sqft
    2024-09-01 0 days 1,989 sqft
    2024-10-01 0 days 2,050 sqft
    2024-11-01 0 days 1,979 sqft
    2024-12-01 0 days 1,982 sqft
    2025-01-01 0 days 2,027 sqft
    2025-02-01 0 days 1,991 sqft
    2025-03-01 0 days 1,891 sqft
    Meridian's median listing age (time on market) for 2025-03-01 was 0 days.

    Meridian's median square footage for active listings during the 2025-03-01 period was 1,891 sqft. One year prior, the average listing was 1,934 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.