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 6.28% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.64% and one month ago for the week of 2024-10-04, the average rate was 5.86%.

    The average rate one year ago was 7.62%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.34%.

    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%), .

    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.