Meridian VA Loan Rates, Closing Costs & Stats
Meridian, MS
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 30 lenders originated 148 VA loans during 2023. The total origination value was $31,900,000, with an average VA loan value of $215,541.
Meridian VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Meridian
averaged
6.3%
for the week of 2024-12-06, compared to the national average (all VA variants) of
6.143% for the same period.
Meridian's average VA mortgage closing costs are $5,630.
The average rate for the prior week (2024-11-29) was
6.6% and
one month ago for the week of 2024-11-01, the
average rate was 6.55%.
The average rate one year ago was 7%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.24%.
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.
The top Meridian VA lender as defined by loan originations is Mortgage Research Center, LLC, with
37 VA loans originated. Their average total fees are
$5,275, which is $4,000
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 ($5,275), NAVY FEDERAL CREDIT UNION ($5,353), Trustmark National Bank ($9,275), .
The lowest rate Meridian VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION (5.78%), Trustmark National Bank (6.14%), Mortgage Research Center, LLC (6.89%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Meridian (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $138,800 (6.8%) | $188,600 (9.2%) | 0.00 | 416 |
2018-02-01 | $133,625 (8.9%) | $184,124 (8.0%) | 0.00 | 411 |
2018-03-01 | $136,500 (7.1%) | $181,762 (4.2%) | 0.00 | 401 |
2018-04-01 | $143,750 (6.5%) | $190,515 (2.2%) | 0.00 | 385 |
2018-05-01 | $147,500 (9.6%) | $195,608 (3.0%) | 0.00 | 383 |
2018-06-01 | $142,000 (3.9%) | $194,521 (1.4%) | 0.00 | 398 |
2018-07-01 | $144,250 (1.9%) | $191,886 (0.2%) | 0.00 | 410 |
2018-08-01 | $153,250 (5.2%) | $190,583 (-1.6%) | 0.00 | 402 |
2018-09-01 | $152,500 (6.3%) | $193,671 (-1.2%) | 0.00 | 402 |
2018-10-01 | $140,625 (-5.8%) | $185,637 (-4.3%) | 0.00 | 410 |
2018-11-01 | $148,500 (0.2%) | $181,137 (-6.4%) | 0.00 | 386 |
2018-12-01 | $147,000 (4.3%) | $176,421 (-7.9%) | 0.00 | 372 |
2019-01-01 | $145,500 (4.8%) | $177,478 (-5.9%) | 0.00 | 360 |
2019-02-01 | $149,000 (11.5%) | $176,743 (-4.0%) | 0.00 | 364 |
2019-03-01 | $146,543 (7.4%) | $177,445 (-2.4%) | 0.00 | 366 |
2019-04-01 | $147,818 (2.8%) | $180,671 (-5.2%) | 0.00 | 360 |
2019-05-01 | $144,725 (-1.9%) | $188,018 (-3.9%) | 0.00 | 350 |
2019-06-01 | $151,800 (6.9%) | $194,988 (0.2%) | 0.00 | 365 |
2019-07-01 | $156,600 (8.6%) | $196,464 (2.4%) | 0.00 | 365 |
2019-08-01 | $153,427 (0.1%) | $193,330 (1.4%) | 0.00 | 352 |
2019-09-01 | $145,818 (-4.4%) | $189,665 (-2.1%) | 0.00 | 336 |
2019-10-01 | $139,450 (-0.8%) | $187,138 (0.8%) | 0.00 | 323 |
2019-11-01 | $139,450 (-6.1%) | $192,199 (6.1%) | 0.00 | 298 |
2019-12-01 | $138,750 (-5.6%) | $191,141 (8.3%) | 0.00 | 291 |
2020-01-01 | $133,500 (-8.3%) | $191,425 (7.9%) | 0.00 | 284 |
2020-02-01 | $129,000 (-13.4%) | $192,462 (8.9%) | 0.00 | 285 |
2020-03-01 | $129,350 (-11.7%) | $185,617 (4.6%) | 0.00 | 288 |
2020-04-01 | $136,850 (-7.4%) | $198,690 (10.0%) | 0.00 | 278 |
2020-05-01 | $129,000 (-10.9%) | $185,505 (-1.3%) | 0.00 | 258 |
2020-06-01 | $127,950 (-15.7%) | $184,083 (-5.6%) | 0.00 | 227 |
2020-07-01 | $127,225 (-18.8%) | $180,939 (-7.9%) | 0.00 | 207 |
2020-08-01 | $134,000 (-12.7%) | $185,880 (-3.9%) | 0.00 | 194 |
2020-09-01 | $139,500 (-4.3%) | $183,212 (-3.4%) | 0.00 | 188 |
2020-10-01 | $150,000 (7.6%) | $195,675 (4.6%) | 0.00 | 190 |
2020-11-01 | $164,700 (18.1%) | $196,614 (2.3%) | 0.00 | 189 |
2020-12-01 | $149,925 (8.1%) | $189,734 (-0.7%) | 0.00 | 191 |
2021-01-01 | $169,700 (27.1%) | $195,079 (1.9%) | 0.00 | 168 |
2021-02-01 | $168,100 (30.3%) | $194,165 (0.9%) | 0.00 | 135 |
2021-03-01 | $164,500 (27.2%) | $186,581 (0.5%) | 0.00 | 119 |
2021-04-01 | $151,000 (10.3%) | $192,000 (-3.4%) | 0.00 | 115 |
2021-05-01 | $150,000 (16.3%) | $198,830 (7.2%) | 0.00 | 110 |
2021-06-01 | $154,450 (20.7%) | $211,725 (15.0%) | 0.00 | 107 |
2021-07-01 | $154,500 (21.4%) | $210,002 (16.1%) | 0.00 | 102 |
2021-08-01 | $159,450 (19.0%) | $204,959 (10.3%) | 0.00 | 114 |
2021-09-01 | $149,800 (7.4%) | $210,938 (15.1%) | 0.00 | 109 |
2021-10-01 | $149,900 (-0.1%) | $207,545 (6.1%) | 0.00 | 117 |
2021-11-01 | $159,500 (-3.2%) | $236,151 (20.1%) | 0.00 | 113 |
2021-12-01 | $147,175 (-1.8%) | $233,163 (22.9%) | 0.00 | 106 |
2022-01-01 | $140,000 (-17.5%) | $235,162 (20.6%) | 0.00 | 95 |
2022-02-01 | $154,700 (-8.0%) | $242,838 (25.1%) | 0.00 | 85 |
2022-03-01 | $165,000 (0.3%) | $254,197 (36.2%) | 0.00 | 85 |
2022-04-01 | $160,000 (6.0%) | $247,263 (28.8%) | 0.00 | 74 |
2022-05-01 | $189,175 (26.1%) | $267,871 (34.7%) | 0.00 | 80 |
2022-06-01 | $182,250 (18.0%) | $267,857 (26.5%) | 0.00 | 93 |
2022-07-01 | $170,000 (10.0%) | $262,376 (24.9%) | 0.00 | 114 |
2022-08-01 | $176,675 (10.8%) | $270,855 (32.2%) | 0.00 | 123 |
2022-09-01 | $174,300 (16.4%) | $269,545 (27.8%) | 0.00 | 116 |
2022-10-01 | $157,000 (4.7%) | $241,067 (16.2%) | 0.00 | 124 |
2022-11-01 | $162,100 (1.6%) | $247,096 (4.6%) | 0.00 | 130 |
2022-12-01 | $152,500 (3.6%) | $236,074 (1.3%) | 0.00 | 126 |
2023-01-01 | $158,000 (12.9%) | $256,383 (9.0%) | 0.00 | 120 |
2023-02-01 | $147,350 (-4.8%) | $272,307 (12.1%) | 0.00 | 116 |
2023-03-01 | $143,750 (-12.9%) | $292,627 (15.1%) | 0.00 | 91 |
2023-04-01 | $177,200 (10.8%) | $296,235 (19.8%) | 0.00 | 97 |
2023-05-01 | $192,700 (1.9%) | $302,410 (12.9%) | 0.00 | 97 |
2023-06-01 | $187,450 (2.9%) | $290,182 (8.3%) | 0.00 | 101 |
2023-07-01 | $213,750 (25.7%) | $287,257 (9.5%) | 0.00 | 124 |
2023-08-01 | $222,500 (25.9%) | $281,785 (4.0%) | 0.00 | 132 |
2023-09-01 | $190,500 (9.3%) | $272,511 (1.1%) | 0.00 | 125 |
2023-10-01 | $199,900 (27.3%) | $284,398 (18.0%) | 0.00 | 131 |
2023-11-01 | $191,200 (18.0%) | $274,116 (10.9%) | 0.00 | 137 |
2023-12-01 | $187,250 (22.8%) | $269,861 (14.3%) | 0.00 | 147 |
2024-01-01 | $169,950 (7.6%) | $254,970 (-0.6%) | 0.00 | 155 |
2024-02-01 | $167,000 (13.3%) | $246,481 (-9.5%) | 0.00 | 145 |
2024-03-01 | $169,950 (18.2%) | $250,464 (-14.4%) | 0.00 | 150 |
2024-04-01 | $175,000 (-1.2%) | $265,624 (-10.3%) | 0.00 | 146 |
2024-05-01 | $188,700 (-2.1%) | $283,144 (-6.4%) | 0.00 | 133 |
2024-06-01 | $177,900 (-5.1%) | $273,939 (-5.6%) | 0.00 | 137 |
2024-07-01 | $176,450 (-17.5%) | $274,204 (-4.5%) | 0.00 | 141 |
2024-08-01 | $179,000 (-19.6%) | $304,062 (7.9%) | 0.00 | 136 |
2024-09-01 | $191,750 (0.7%) | $305,334 (12.0%) | 0.00 | 147 |
2024-10-01 | $202,750 (1.4%) | $306,818 (7.9%) | 0.00 | 155 |
2024-11-01 | $179,250 (-6.3%) | $281,024 (2.5%) | 0.00 | 179 |
Meridian's median listing price comes in at 0% of the national average.
Meridian's average listing price for 2024-11-01 was $281,024, a difference of $6,908 (2.5%) versus the prior year and $-25,794 versus the prior month.
For the 2024-11-01 period, Meridian had 179 MLS listings, a difference of 24 listings (15%) versus the prior month and 42 listings (31%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Meridian (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,950 sqft |
2018-02-01 | 0 days | 1,943 sqft |
2018-03-01 | 0 days | 1,943 sqft |
2018-04-01 | 0 days | 1,954 sqft |
2018-05-01 | 0 days | 1,981 sqft |
2018-06-01 | 0 days | 1,999 sqft |
2018-07-01 | 0 days | 1,981 sqft |
2018-08-01 | 0 days | 1,974 sqft |
2018-09-01 | 0 days | 1,954 sqft |
2018-10-01 | 0 days | 1,944 sqft |
2018-11-01 | 0 days | 1,934 sqft |
2018-12-01 | 0 days | 1,914 sqft |
2019-01-01 | 0 days | 1,914 sqft |
2019-02-01 | 0 days | 1,913 sqft |
2019-03-01 | 0 days | 1,935 sqft |
2019-04-01 | 0 days | 1,965 sqft |
2019-05-01 | 0 days | 1,975 sqft |
2019-06-01 | 0 days | 2,033 sqft |
2019-07-01 | 0 days | 1,976 sqft |
2019-08-01 | 0 days | 1,953 sqft |
2019-09-01 | 0 days | 1,963 sqft |
2019-10-01 | 0 days | 1,964 sqft |
2019-11-01 | 0 days | 1,972 sqft |
2019-12-01 | 0 days | 1,951 sqft |
2020-01-01 | 0 days | 1,928 sqft |
2020-02-01 | 0 days | 1,887 sqft |
2020-03-01 | 0 days | 1,935 sqft |
2020-04-01 | 0 days | 1,953 sqft |
2020-05-01 | 0 days | 1,943 sqft |
2020-06-01 | 0 days | 1,918 sqft |
2020-07-01 | 0 days | 1,896 sqft |
2020-08-01 | 0 days | 1,938 sqft |
2020-09-01 | 0 days | 1,908 sqft |
2020-10-01 | 0 days | 1,944 sqft |
2020-11-01 | 0 days | 1,946 sqft |
2020-12-01 | 0 days | 1,936 sqft |
2021-01-01 | 0 days | 1,975 sqft |
2021-02-01 | 0 days | 1,990 sqft |
2021-03-01 | 0 days | 1,916 sqft |
2021-04-01 | 0 days | 1,998 sqft |
2021-05-01 | 0 days | 2,000 sqft |
2021-06-01 | 0 days | 2,046 sqft |
2021-07-01 | 0 days | 1,972 sqft |
2021-08-01 | 0 days | 1,943 sqft |
2021-09-01 | 0 days | 1,928 sqft |
2021-10-01 | 0 days | 1,837 sqft |
2021-11-01 | 0 days | 1,929 sqft |
2021-12-01 | 0 days | 1,819 sqft |
2022-01-01 | 0 days | 1,932 sqft |
2022-02-01 | 0 days | 1,902 sqft |
2022-03-01 | 0 days | 1,965 sqft |
2022-04-01 | 0 days | 1,926 sqft |
2022-05-01 | 0 days | 1,952 sqft |
2022-06-01 | 0 days | 1,930 sqft |
2022-07-01 | 0 days | 1,892 sqft |
2022-08-01 | 0 days | 1,923 sqft |
2022-09-01 | 0 days | 1,939 sqft |
2022-10-01 | 0 days | 1,917 sqft |
2022-11-01 | 0 days | 1,929 sqft |
2022-12-01 | 0 days | 1,730 sqft |
2023-01-01 | 0 days | 1,799 sqft |
2023-02-01 | 0 days | 1,945 sqft |
2023-03-01 | 0 days | 1,919 sqft |
2023-04-01 | 0 days | 2,050 sqft |
2023-05-01 | 0 days | 2,296 sqft |
2023-06-01 | 0 days | 2,121 sqft |
2023-07-01 | 0 days | 2,179 sqft |
2023-08-01 | 0 days | 2,252 sqft |
2023-09-01 | 0 days | 2,172 sqft |
2023-10-01 | 0 days | 2,147 sqft |
2023-11-01 | 0 days | 2,122 sqft |
2023-12-01 | 0 days | 2,040 sqft |
2024-01-01 | 0 days | 1,997 sqft |
2024-02-01 | 0 days | 1,946 sqft |
2024-03-01 | 0 days | 1,934 sqft |
2024-04-01 | 0 days | 1,951 sqft |
2024-05-01 | 0 days | 1,982 sqft |
2024-06-01 | 0 days | 1,954 sqft |
2024-07-01 | 0 days | 1,919 sqft |
2024-08-01 | 0 days | 1,952 sqft |
2024-09-01 | 0 days | 1,969 sqft |
2024-10-01 | 0 days | 2,004 sqft |
2024-11-01 | 0 days | 1,943 sqft |
Meridian's median square footage for active listings during the 2024-11-01 period was 1,943 sqft. One year prior, the average listing was 2,122 sqft.