Missoula VA Loan Rates, Closing Costs & Stats

MISSOULA, MT

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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.

    Missoula's 33 lenders originated 89 VA loans during 2023. The total origination value was $44,695,000, with an average VA loan value of $502,191.

    Missoula VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Missoula averaged 6.42% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Missoula's average VA mortgage closing costs are $6,832.

    The average rate for the prior week (2024-12-06) was 6.05% and one month ago for the week of 2024-11-08, the average rate was 6.25%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.28%.

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

    Missoula 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 Missoula level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 12 5.71% $10,210
    MANN FINANCIAL INC. 10 6.16% $8,805
    Mortgage Research Center, LLC 8 6.62% $14,043
    NAVY FEDERAL CREDIT UNION 5 5.63% $11,586
    FIRST COLONY MORTGAGE CORPORATION 4 5.53% $3,889
    QUICKEN LOANS, LLC 4 6.12% $33,473
    PENNYMAC LOAN SERVICES, LLC 3 5.54% $15,628
    ENVOY MORTGAGE, LTD 3 6.04% $11,091
    Opportunity Bank of Montana 3 6.71% $5,506
    FREEDOM MORTGAGE CORPORATION 3 6.63% $22,441
    Stockman Bank of Montana 3 5.54% $8,865
    GUARANTEED RATE, INC. 3 6.46% $3,741
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.88% $4,379
    CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $8,838
    USAA Federal Savings Bank 2 6.13% $12,769
    Glacier Bank 2 6.19% $5,262
    ACADEMY MORTGAGE CORPORATION 1 6.75% $16,063
    Wells Fargo Bank 1 6.13% $9,107
    AMERICAN FINANCIAL NETWORK, INC. 1 7.00% $10,029
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $4,090
    CALIBER HOME LOANS, INC. 1 6.50% $11,319
    CARDINAL FINANCIAL 1 5.75% $11,224
    Century Mortgage Company DBA Century Lending Company 1 5.75% $3,924
    Ixonia Bank 1 7.50% $5,641
    Magnolia Bank 1 5.25% $26,561
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $21,827
    NBKC BANK 1 6.63% $5,671
    NEW DAY FINANCIAL, LLC 1 7.25% $11,359
    NEWREZ LLC 1 5.75% $16,846
    PREMIA MORTGAGE, LLC 1 6.50% $3,457
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.50% $18,969
    Prosperity Home Mortgage, LLC 1 5.50% $8,218
    VILLAGE CAPITAL MORTGAGE 1 6.63% $11,749

    The top Missoula VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 12 VA loans originated. Their average total fees are $10,210, which is $1,405 higher than the next largest lender, MANN FINANCIAL INC..

    The lowest fee Missoula VA lenders (with over 10 loans originated) are MANN FINANCIAL INC. ($8,805), UNITED WHOLESALE MORTGAGE, LLC ($10,210), .

    The lowest rate Missoula VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.71%), MANN FINANCIAL INC. (6.16%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Missoula (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 $393,625 (11.9%) $536,147 (-7.2%) 0.00 408
    2018-02-01 $399,450 (13.8%) $552,760 (-2.5%) 0.00 383
    2018-03-01 $389,900 (11.4%) $546,710 (-0.8%) 0.00 411
    2018-04-01 $387,000 (11.7%) $542,190 (4.5%) 0.00 431
    2018-05-01 $399,000 (10.9%) $554,685 (6.0%) 0.00 483
    2018-06-01 $399,500 (8.1%) $554,226 (7.1%) 0.00 571
    2018-07-01 $392,475 (4.7%) $547,158 (7.5%) 0.00 611
    2018-08-01 $394,450 (4.1%) $552,007 (8.4%) 0.00 633
    2018-09-01 $389,000 (3.7%) $543,870 (5.4%) 0.00 654
    2018-10-01 $389,000 (3.2%) $541,702 (2.8%) 0.00 641
    2018-11-01 $386,950 (3.3%) $534,773 (3.1%) 0.00 602
    2018-12-01 $388,200 (-0.2%) $550,149 (2.6%) 0.00 526
    2019-01-01 $389,450 (-1.1%) $556,009 (3.7%) 0.00 480
    2019-02-01 $388,225 (-2.8%) $539,950 (-2.3%) 0.00 456
    2019-03-01 $392,264 (0.6%) $539,770 (-1.3%) 0.00 440
    2019-04-01 $398,675 (3.0%) $542,647 (0.1%) 0.00 438
    2019-05-01 $414,900 (4.0%) $547,608 (-1.3%) 0.00 478
    2019-06-01 $409,700 (2.6%) $550,467 (-0.7%) 0.00 484
    2019-07-01 $424,975 (8.3%) $549,007 (0.3%) 0.00 489
    2019-08-01 $423,636 (7.4%) $559,386 (1.3%) 0.00 482
    2019-09-01 $421,591 (8.4%) $564,382 (3.8%) 0.00 472
    2019-10-01 $420,000 (8.0%) $569,095 (5.1%) 0.00 458
    2019-11-01 $413,300 (6.8%) $560,688 (4.9%) 0.00 417
    2019-12-01 $408,450 (5.2%) $552,848 (0.5%) 0.00 361
    2020-01-01 $426,975 (9.6%) $581,963 (4.7%) 0.00 297
    2020-02-01 $429,000 (10.5%) $592,933 (9.8%) 0.00 280
    2020-03-01 $448,000 (14.2%) $630,529 (16.8%) 0.00 299
    2020-04-01 $433,325 (8.7%) $608,099 (12.1%) 0.00 324
    2020-05-01 $459,000 (10.6%) $645,664 (17.9%) 0.00 310
    2020-06-01 $460,950 (12.5%) $654,595 (18.9%) 0.00 303
    2020-07-01 $488,175 (14.9%) $721,982 (31.5%) 0.00 279
    2020-08-01 $535,000 (26.3%) $766,751 (37.1%) 0.00 264
    2020-09-01 $535,500 (27.0%) $792,135 (40.4%) 0.00 237
    2020-10-01 $535,000 (27.4%) $789,098 (38.7%) 0.00 221
    2020-11-01 $562,500 (36.1%) $845,241 (50.8%) 0.00 165
    2020-12-01 $571,225 (39.9%) $891,568 (61.3%) 0.00 134
    2021-01-01 $650,000 (52.2%) $959,116 (64.8%) 0.00 107
    2021-02-01 $576,975 (34.5%) $895,344 (51.0%) 0.00 107
    2021-03-01 $500,450 (11.7%) $786,595 (24.8%) 0.00 124
    2021-04-01 $572,000 (32.0%) $819,344 (34.7%) 0.00 116
    2021-05-01 $590,000 (28.5%) $886,888 (37.4%) 0.00 127
    2021-06-01 $585,500 (27.0%) $895,507 (36.8%) 0.00 140
    2021-07-01 $626,000 (28.2%) $894,971 (24.0%) 0.00 154
    2021-08-01 $620,040 (15.9%) $855,706 (11.6%) 0.00 180
    2021-09-01 $640,000 (19.5%) $878,493 (10.9%) 0.00 167
    2021-10-01 $658,500 (23.1%) $888,118 (12.6%) 0.00 149
    2021-11-01 $705,625 (25.4%) $999,164 (18.2%) 0.00 114
    2021-12-01 $757,500 (32.6%) $1,056,390 (18.5%) 0.00 96
    2022-01-01 $799,000 (22.9%) $1,154,607 (20.4%) 0.00 74
    2022-02-01 $809,450 (40.3%) $1,178,590 (31.6%) 0.00 75
    2022-03-01 $760,000 (51.9%) $1,036,316 (31.8%) 0.00 82
    2022-04-01 $839,500 (46.8%) $1,060,262 (29.4%) 0.00 105
    2022-05-01 $762,500 (29.2%) $966,231 (9.0%) 0.00 160
    2022-06-01 $757,000 (29.3%) $955,076 (6.7%) 0.00 208
    2022-07-01 $746,000 (19.2%) $1,005,177 (12.3%) 0.00 240
    2022-08-01 $722,250 (16.5%) $982,980 (14.9%) 0.00 258
    2022-09-01 $712,000 (11.3%) $969,222 (10.3%) 0.00 264
    2022-10-01 $699,000 (6.2%) $976,238 (9.9%) 0.00 257
    2022-11-01 $687,475 (-2.6%) $980,539 (-1.9%) 0.00 251
    2022-12-01 $690,000 (-8.9%) $985,984 (-6.7%) 0.00 215
    2023-01-01 $738,360 (-7.6%) $1,039,164 (-10.0%) 0.00 202
    2023-02-01 $749,250 (-7.4%) $1,036,957 (-12.0%) 0.00 193
    2023-03-01 $799,963 (5.3%) $1,038,837 (0.2%) 0.00 177
    2023-04-01 $820,000 (-2.3%) $1,132,032 (6.8%) 0.00 189
    2023-05-01 $799,475 (4.9%) $1,095,330 (13.4%) 0.00 235
    2023-06-01 $783,500 (3.5%) $1,074,539 (12.5%) 0.00 263
    2023-07-01 $749,000 (0.4%) $1,068,472 (6.3%) 0.00 277
    2023-08-01 $698,725 (-3.3%) $1,071,311 (9.0%) 0.00 294
    2023-09-01 $725,000 (1.8%) $1,089,200 (12.4%) 0.00 329
    2023-10-01 $725,000 (3.7%) $1,102,935 (13.0%) 0.00 334
    2023-11-01 $725,000 (5.5%) $1,123,867 (14.6%) 0.00 313
    2023-12-01 $699,000 (1.3%) $1,036,067 (5.1%) 0.00 280
    2024-01-01 $692,000 (-6.3%) $1,052,637 (1.3%) 0.00 256
    2024-02-01 $711,238 (-5.1%) $1,043,354 (0.6%) 0.00 227
    2024-03-01 $730,000 (-8.8%) $1,049,145 (1.0%) 0.00 224
    2024-04-01 $725,000 (-11.6%) $1,050,316 (-7.2%) 0.00 255
    2024-05-01 $725,000 (-9.3%) $1,074,320 (-1.9%) 0.00 316
    2024-06-01 $722,450 (-7.8%) $1,046,908 (-2.6%) 0.00 355
    2024-07-01 $734,250 (-2.0%) $1,049,348 (-1.8%) 0.00 370
    2024-08-01 $725,000 (3.8%) $1,015,388 (-5.2%) 0.00 380
    2024-09-01 $699,000 (-3.6%) $975,332 (-10.5%) 0.00 400
    2024-10-01 $699,000 (-3.6%) $986,348 (-10.6%) 0.00 392
    2024-11-01 $695,000 (-4.1%) $975,155 (-13.2%) 0.00 352
    Missoula's median listing price for 2024-11-01 was $695,000, a difference of $-30,000 (-4.1%) versus the prior year and $-4,000 versus the prior month.

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

    Missoula's average listing price for 2024-11-01 was $975,155, a difference of $-148,712 (-13.2%) versus the prior year and $-11,193 versus the prior month.

    For the 2024-11-01 period, Missoula had 352 MLS listings, a difference of -40 listings (-10%) versus the prior month and 39 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Missoula (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,232 sqft
    2018-02-01 0 days 2,400 sqft
    2018-03-01 0 days 2,290 sqft
    2018-04-01 0 days 2,338 sqft
    2018-05-01 0 days 2,250 sqft
    2018-06-01 0 days 2,212 sqft
    2018-07-01 0 days 2,151 sqft
    2018-08-01 0 days 2,191 sqft
    2018-09-01 0 days 2,128 sqft
    2018-10-01 0 days 2,102 sqft
    2018-11-01 0 days 2,096 sqft
    2018-12-01 0 days 2,102 sqft
    2019-01-01 0 days 2,111 sqft
    2019-02-01 0 days 2,073 sqft
    2019-03-01 0 days 2,071 sqft
    2019-04-01 0 days 2,087 sqft
    2019-05-01 0 days 2,248 sqft
    2019-06-01 0 days 2,249 sqft
    2019-07-01 0 days 2,243 sqft
    2019-08-01 0 days 2,253 sqft
    2019-09-01 0 days 2,251 sqft
    2019-10-01 0 days 2,249 sqft
    2019-11-01 0 days 2,186 sqft
    2019-12-01 0 days 2,131 sqft
    2020-01-01 0 days 2,169 sqft
    2020-02-01 0 days 2,134 sqft
    2020-03-01 0 days 2,233 sqft
    2020-04-01 0 days 2,212 sqft
    2020-05-01 0 days 2,280 sqft
    2020-06-01 0 days 2,336 sqft
    2020-07-01 0 days 2,452 sqft
    2020-08-01 0 days 2,453 sqft
    2020-09-01 0 days 2,417 sqft
    2020-10-01 0 days 2,433 sqft
    2020-11-01 0 days 2,462 sqft
    2020-12-01 0 days 2,405 sqft
    2021-01-01 0 days 2,515 sqft
    2021-02-01 0 days 2,324 sqft
    2021-03-01 0 days 2,073 sqft
    2021-04-01 0 days 2,281 sqft
    2021-05-01 0 days 2,409 sqft
    2021-06-01 0 days 2,234 sqft
    2021-07-01 0 days 2,277 sqft
    2021-08-01 0 days 2,339 sqft
    2021-09-01 0 days 2,364 sqft
    2021-10-01 0 days 2,334 sqft
    2021-11-01 0 days 2,353 sqft
    2021-12-01 0 days 2,471 sqft
    2022-01-01 0 days 2,471 sqft
    2022-02-01 0 days 2,416 sqft
    2022-03-01 0 days 2,311 sqft
    2022-04-01 0 days 2,345 sqft
    2022-05-01 0 days 2,288 sqft
    2022-06-01 0 days 2,343 sqft
    2022-07-01 0 days 2,345 sqft
    2022-08-01 0 days 2,310 sqft
    2022-09-01 0 days 2,270 sqft
    2022-10-01 0 days 2,345 sqft
    2022-11-01 0 days 2,221 sqft
    2022-12-01 0 days 2,197 sqft
    2023-01-01 0 days 2,205 sqft
    2023-02-01 0 days 2,244 sqft
    2023-03-01 0 days 2,303 sqft
    2023-04-01 0 days 2,280 sqft
    2023-05-01 0 days 2,240 sqft
    2023-06-01 0 days 2,262 sqft
    2023-07-01 0 days 2,112 sqft
    2023-08-01 0 days 2,124 sqft
    2023-09-01 0 days 2,146 sqft
    2023-10-01 0 days 2,158 sqft
    2023-11-01 0 days 2,172 sqft
    2023-12-01 0 days 2,146 sqft
    2024-01-01 0 days 2,135 sqft
    2024-02-01 0 days 2,118 sqft
    2024-03-01 0 days 2,155 sqft
    2024-04-01 0 days 2,127 sqft
    2024-05-01 0 days 2,066 sqft
    2024-06-01 0 days 2,043 sqft
    2024-07-01 0 days 2,170 sqft
    2024-08-01 0 days 2,160 sqft
    2024-09-01 0 days 2,072 sqft
    2024-10-01 0 days 2,157 sqft
    2024-11-01 0 days 2,120 sqft
    Missoula's median listing age (time on market) for 2024-11-01 was 0 days.

    Missoula's median square footage for active listings during the 2024-11-01 period was 2,120 sqft. One year prior, the average listing was 2,172 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.