Missoula VA Loans
MISSOULA, MT
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 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 66 lenders originated 377 VA loans during 2021. The total origination value was $131,995,000, with an average VA loan value of $350,119.
Missoula VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Missoula
averaged
5.49%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.72% and
one month ago for the week of 2022-04-08, the
average rate was 5.05%.
The average rate one year ago was 2.86%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.52%.
Missoula VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Missoula level.
The top Missoula VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
29 VA loans originated. Their average total fees are
$3,683, which is $2,290
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Missoula VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($3,683), Glacier Bank ($4,481), QUICKEN LOANS, LLC ($5,138), GUILD MORTGAGE COMPANY ($5,640) and Mortgage Research Center, LLC ($5,804).
The lowest rate Missoula VA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (2.39%), FREEDOM MORTGAGE CORPORATION (2.40%), GUARANTEED RATE, INC. (2.45%), UNITED WHOLESALE MORTGAGE, LLC (2.47%) and PENNYMAC LOAN SERVICES, LLC (2.50%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Missoula (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 | $393,000 (6.5%) | $555,640 (-14.7%) | 0.00 | 524 |
2018-02-01 | $398,000 (7.7%) | $568,110 (-11.0%) | 0.00 | 487 |
2018-03-01 | $389,000 (10.9%) | $566,889 (-7.2%) | 0.00 | 513 |
2018-04-01 | $388,900 (11.9%) | $570,394 (-1.5%) | 0.00 | 523 |
2018-05-01 | $399,850 (10.3%) | $588,213 (3.4%) | 0.00 | 569 |
2018-06-01 | $399,500 (8.0%) | $575,441 (3.7%) | 0.00 | 665 |
2018-07-01 | $398,450 (7.3%) | $566,487 (6.2%) | 0.00 | 704 |
2018-08-01 | $404,350 (7.2%) | $568,605 (7.1%) | 0.00 | 729 |
2018-09-01 | $394,500 (4.1%) | $564,033 (3.4%) | 0.00 | 745 |
2018-10-01 | $389,450 (3.3%) | $560,715 (1.0%) | 0.00 | 740 |
2018-11-01 | $386,900 (3.5%) | $553,153 (2.4%) | 0.00 | 667 |
2018-12-01 | $389,000 (0.0%) | $566,875 (1.7%) | 0.00 | 575 |
2019-01-01 | $389,000 (-1.0%) | $578,037 (4.0%) | 0.00 | 531 |
2019-02-01 | $387,900 (-2.5%) | $560,165 (-1.4%) | 0.00 | 488 |
2019-03-01 | $392,657 (0.9%) | $557,804 (-1.6%) | 0.00 | 475 |
2019-04-01 | $399,250 (2.7%) | $558,622 (-2.1%) | 0.00 | 469 |
2019-05-01 | $418,100 (4.6%) | $565,489 (-3.9%) | 0.00 | 516 |
2019-06-01 | $409,800 (2.6%) | $555,745 (-3.4%) | 0.00 | 535 |
2019-07-01 | $419,450 (5.3%) | $557,502 (-1.6%) | 0.00 | 542 |
2019-08-01 | $410,857 (1.6%) | $552,335 (-2.9%) | 0.00 | 547 |
2019-09-01 | $406,357 (3.0%) | $558,238 (-1.0%) | 0.00 | 547 |
2019-10-01 | $414,550 (6.4%) | $576,126 (2.8%) | 0.00 | 511 |
2019-11-01 | $417,100 (7.8%) | $565,904 (2.3%) | 0.00 | 443 |
2019-12-01 | $422,450 (8.6%) | $566,432 (-0.1%) | 0.00 | 385 |
2020-01-01 | $436,700 (12.3%) | $600,518 (3.9%) | 0.00 | 322 |
2020-02-01 | $441,000 (13.7%) | $586,172 (4.6%) | 0.00 | 304 |
2020-03-01 | $439,300 (11.9%) | $608,732 (9.1%) | 0.00 | 317 |
2020-04-01 | $436,650 (9.4%) | $596,627 (6.8%) | 0.00 | 342 |
2020-05-01 | $462,900 (10.7%) | $640,969 (13.4%) | 0.00 | 321 |
2020-06-01 | $462,000 (12.7%) | $651,205 (17.2%) | 0.00 | 318 |
2020-07-01 | $494,000 (17.8%) | $726,935 (30.4%) | 0.00 | 290 |
2020-08-01 | $535,000 (30.2%) | $782,588 (41.7%) | 0.00 | 277 |
2020-09-01 | $562,500 (38.4%) | $876,115 (56.9%) | 0.00 | 251 |
2020-10-01 | $550,000 (32.7%) | $873,731 (51.7%) | 0.00 | 230 |
2020-11-01 | $609,950 (46.2%) | $943,387 (66.7%) | 0.00 | 178 |
2020-12-01 | $614,500 (45.5%) | $941,049 (66.1%) | 0.00 | 141 |
2021-01-01 | $665,900 (52.5%) | $956,251 (59.2%) | 0.00 | 110 |
2021-02-01 | $550,000 (24.7%) | $885,422 (51.1%) | 0.00 | 106 |
2021-03-01 | $500,000 (13.8%) | $776,088 (27.5%) | 0.00 | 124 |
2021-04-01 | $557,450 (27.7%) | $809,246 (35.6%) | 0.00 | 116 |
2021-05-01 | $582,500 (25.8%) | $868,767 (35.5%) | 0.00 | 133 |
2021-06-01 | $582,450 (26.1%) | $900,030 (38.2%) | 0.00 | 148 |
2021-07-01 | $618,245 (25.2%) | $927,150 (27.5%) | 0.00 | 166 |
2021-08-01 | $619,930 (15.9%) | $871,702 (11.4%) | 0.00 | 181 |
2021-09-01 | $637,500 (13.3%) | $885,336 (1.1%) | 0.00 | 172 |
2021-10-01 | $652,000 (18.6%) | $899,852 (3.0%) | 0.00 | 151 |
2021-11-01 | $692,450 (13.5%) | $973,703 (3.2%) | 0.00 | 115 |
2021-12-01 | $751,000 (22.2%) | $1,041,231 (10.7%) | 0.00 | 94 |
2022-01-01 | $799,000 (20.0%) | $1,155,133 (20.8%) | 0.00 | 71 |
2022-02-01 | $798,250 (45.1%) | $1,166,652 (31.8%) | 0.00 | 73 |
2022-03-01 | $742,000 (48.4%) | $1,027,976 (32.5%) | 0.00 | 80 |
2022-04-01 | $795,000 (42.6%) | $1,031,270 (27.4%) | 0.00 | 105 |
Missoula's median listing price comes in at 0% of the national average.
Missoula's average listing price for 2022-04-01 was $1,031,270, a difference of $222,024 (27.4%) versus the prior year and $3,294 versus the prior month.
For the 2022-04-01 period, Missoula had 105 MLS listings, a difference of 25 listings (31%) versus the prior month and -11 listings (-9%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Missoula (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,228 sqft |
2018-02-01 | 0 days | 2,294 sqft |
2018-03-01 | 0 days | 2,292 sqft |
2018-04-01 | 0 days | 2,314 sqft |
2018-05-01 | 0 days | 2,284 sqft |
2018-06-01 | 0 days | 2,230 sqft |
2018-07-01 | 0 days | 2,163 sqft |
2018-08-01 | 0 days | 2,224 sqft |
2018-09-01 | 0 days | 2,192 sqft |
2018-10-01 | 0 days | 2,163 sqft |
2018-11-01 | 0 days | 2,120 sqft |
2018-12-01 | 0 days | 2,144 sqft |
2019-01-01 | 0 days | 2,150 sqft |
2019-02-01 | 0 days | 2,096 sqft |
2019-03-01 | 0 days | 2,095 sqft |
2019-04-01 | 0 days | 2,136 sqft |
2019-05-01 | 0 days | 2,282 sqft |
2019-06-01 | 0 days | 2,255 sqft |
2019-07-01 | 0 days | 2,230 sqft |
2019-08-01 | 0 days | 2,230 sqft |
2019-09-01 | 0 days | 2,256 sqft |
2019-10-01 | 0 days | 2,249 sqft |
2019-11-01 | 0 days | 2,196 sqft |
2019-12-01 | 0 days | 2,165 sqft |
2020-01-01 | 0 days | 2,231 sqft |
2020-02-01 | 0 days | 2,234 sqft |
2020-03-01 | 0 days | 2,272 sqft |
2020-04-01 | 0 days | 2,217 sqft |
2020-05-01 | 0 days | 2,320 sqft |
2020-06-01 | 0 days | 2,347 sqft |
2020-07-01 | 0 days | 2,466 sqft |
2020-08-01 | 0 days | 2,450 sqft |
2020-09-01 | 0 days | 2,548 sqft |
2020-10-01 | 0 days | 2,536 sqft |
2020-11-01 | 0 days | 2,563 sqft |
2020-12-01 | 0 days | 2,407 sqft |
2021-01-01 | 0 days | 2,520 sqft |
2021-02-01 | 0 days | 2,293 sqft |
2021-03-01 | 0 days | 2,058 sqft |
2021-04-01 | 0 days | 2,230 sqft |
2021-05-01 | 0 days | 2,320 sqft |
2021-06-01 | 0 days | 2,206 sqft |
2021-07-01 | 0 days | 2,246 sqft |
2021-08-01 | 0 days | 2,345 sqft |
2021-09-01 | 0 days | 2,356 sqft |
2021-10-01 | 0 days | 2,345 sqft |
2021-11-01 | 0 days | 2,345 sqft |
2021-12-01 | 0 days | 2,392 sqft |
2022-01-01 | 0 days | 2,460 sqft |
2022-02-01 | 0 days | 2,390 sqft |
2022-03-01 | 0 days | 2,311 sqft |
2022-04-01 | 0 days | 2,280 sqft |
Missoula's median square footage for active listings during the 2022-04-01 period was 2,280 sqft. One year prior, the average listing was 2,230 sqft.