Parsons VA Loan Rates, Closing Costs & Stats

Parsons, KS

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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.

    Parsons's 11 lenders originated 19 VA loans during 2023. The total origination value was $3,525,000, with an average VA loan value of $185,526.

    Parsons VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Parsons averaged 6.78% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    Parsons's average VA mortgage closing costs are $3,918.

    The average rate for the prior week (2024-04-05) was 6.72% and one month ago for the week of 2024-03-08, the average rate was 6.55%.

    The average rate one year ago was 6.05%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.37%.

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

    Parsons 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 Parsons level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 8 6.50% $6,524
    Community First National Bank 2 7.13% $3,515
    Great Southern Bank 1 6.25% $2,249
    Mid-Continent Funding, Inc. 1 6.75% $9,701
    Mortgage Investment Services Corporation 1 6.00% $2,850
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $1,040
    Northpointe Bank 1 5.88% $11,202
    QUICKEN LOANS, LLC 1 6.99% $6,373
    AMERICAN FINANCIAL NETWORK, INC. 1 7.63% $1,924
    UNITED WHOLESALE MORTGAGE, LLC 1 6.74% $12,678
    FLAT BRANCH MORTGAGE, INC. 1 7.13% $1,927

    The top Parsons VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $6,524, which is $3,008 higher than the next largest lender, Community First National Bank.

    The lowest fee Parsons VA lenders (with over 10 loans originated) are .

    The lowest rate Parsons VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Parsons (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 $60,475 (-7.0%) $80,767 (-23.0%) 0.00 117
    2018-02-01 $56,525 (-9.7%) $80,073 (-20.1%) 0.00 110
    2018-03-01 $59,950 (-7.3%) $83,413 (-20.7%) 0.00 109
    2018-04-01 $67,950 (4.5%) $90,417 (-16.6%) 0.00 111
    2018-05-01 $69,125 (1.3%) $89,493 (-18.6%) 0.00 115
    2018-06-01 $72,900 (8.8%) $94,062 (8.6%) 0.00 115
    2018-07-01 $60,000 (-8.8%) $86,719 (2.0%) 0.00 117
    2018-08-01 $59,925 (-7.7%) $81,660 (-3.2%) 0.00 117
    2018-09-01 $59,700 (-6.3%) $77,464 (-7.4%) 0.00 116
    2018-10-01 $58,375 (-8.4%) $79,308 (-3.7%) 0.00 112
    2018-11-01 $59,900 (-6.8%) $87,450 (7.1%) 0.00 116
    2018-12-01 $59,900 (-3.8%) $90,973 (12.5%) 0.00 109
    2019-01-01 $59,900 (-1.0%) $93,095 (15.3%) 0.00 103
    2019-02-01 $59,950 (6.1%) $97,993 (22.4%) 0.00 95
    2019-03-01 $59,943 (0.0%) $101,662 (21.9%) 0.00 89
    2019-04-01 $59,968 (-11.8%) $103,386 (14.3%) 0.00 83
    2019-05-01 $59,950 (-13.3%) $99,078 (10.7%) 0.00 79
    2019-06-01 $59,900 (-17.8%) $96,999 (3.1%) 0.00 76
    2019-07-01 $61,200 (2.0%) $94,470 (8.9%) 0.00 70
    2019-08-01 $64,518 (7.7%) $95,577 (17.0%) 0.00 68
    2019-09-01 $61,920 (3.7%) $95,187 (22.9%) 0.00 73
    2019-10-01 $62,364 (6.8%) $96,077 (21.1%) 0.00 74
    2019-11-01 $79,500 (32.7%) $98,367 (12.5%) 0.00 75
    2019-12-01 $77,200 (28.9%) $95,148 (4.6%) 0.00 72
    2020-01-01 $76,150 (27.1%) $103,329 (11.0%) 0.00 65
    2020-02-01 $79,000 (31.8%) $105,402 (7.6%) 0.00 67
    2020-03-01 $74,925 (25.0%) $107,244 (5.5%) 0.00 65
    2020-04-01 $65,350 (9.0%) $107,794 (4.3%) 0.00 61
    2020-05-01 $71,500 (19.3%) $107,796 (8.8%) 0.00 56
    2020-06-01 $76,200 (27.2%) $116,482 (20.1%) 0.00 51
    2020-07-01 $75,000 (22.6%) $120,552 (27.6%) 0.00 49
    2020-08-01 $77,450 (20.0%) $128,510 (34.5%) 0.00 42
    2020-09-01 $79,175 (27.9%) $121,153 (27.3%) 0.00 38
    2020-10-01 $69,900 (12.1%) $112,467 (17.1%) 0.00 41
    2020-11-01 $65,525 (-17.6%) $104,697 (6.4%) 0.00 44
    2020-12-01 $60,500 (-21.6%) $96,983 (1.9%) 0.00 46
    2021-01-01 $61,250 (-19.6%) $114,132 (10.5%) 0.00 38
    2021-02-01 $63,500 (-19.6%) $117,648 (11.6%) 0.00 38
    2021-03-01 $59,950 (-20.0%) $115,950 (8.1%) 0.00 40
    2021-04-01 $59,750 (-8.6%) $112,709 (4.6%) 0.00 32
    2021-05-01 $59,900 (-16.2%) $91,441 (-15.2%) 0.00 27
    2021-06-01 $57,175 (-25.0%) $89,009 (-23.6%) 0.00 29
    2021-07-01 $56,700 (-24.4%) $92,585 (-23.2%) 0.00 43
    2021-08-01 $56,700 (-26.8%) $86,669 (-32.6%) 0.00 50
    2021-09-01 $54,900 (-30.7%) $116,563 (-3.8%) 0.00 52
    2021-10-01 $57,950 (-17.1%) $133,185 (18.4%) 0.00 50
    2021-11-01 $67,950 (3.7%) $146,235 (39.7%) 0.00 52
    2021-12-01 $83,725 (38.4%) $161,989 (67.0%) 0.00 54
    2022-01-01 $79,700 (30.1%) $157,365 (37.9%) 0.00 41
    2022-02-01 $95,000 (49.6%) $153,883 (30.8%) 0.00 32
    2022-03-01 $104,250 (73.9%) $145,496 (25.5%) 0.00 29
    2022-04-01 $99,950 (67.3%) $148,404 (31.7%) 0.00 32
    2022-05-01 $95,600 (59.6%) $142,198 (55.5%) 0.00 38
    2022-06-01 $92,200 (61.3%) $146,284 (64.4%) 0.00 36
    2022-07-01 $99,900 (76.2%) $141,700 (53.1%) 0.00 47
    2022-08-01 $96,625 (70.4%) $143,503 (65.6%) 0.00 50
    2022-09-01 $94,225 (71.6%) $144,532 (24.0%) 0.00 52
    2022-10-01 $86,250 (48.8%) $136,467 (2.5%) 0.00 49
    2022-11-01 $95,900 (41.1%) $144,503 (-1.2%) 0.00 43
    2022-12-01 $96,000 (14.7%) $148,985 (-8.0%) 0.00 35
    2023-01-01 $104,200 (30.7%) $159,682 (1.5%) 0.00 36
    2023-02-01 $104,175 (9.7%) $156,556 (1.7%) 0.00 37
    2023-03-01 $102,950 (-1.3%) $135,653 (-6.8%) 0.00 31
    2023-04-01 $128,500 (28.6%) $154,353 (4.0%) 0.00 32
    2023-05-01 $99,900 (4.5%) $128,988 (-9.3%) 0.00 26
    2023-06-01 $99,900 (8.4%) $121,864 (-16.7%) 0.00 28
    2023-07-01 $85,000 (-14.9%) $117,863 (-16.8%) 0.00 29
    2023-08-01 $115,000 (19.0%) $133,626 (-6.9%) 0.00 32
    2023-09-01 $115,000 (22.1%) $148,894 (3.0%) 0.00 41
    2023-10-01 $107,500 (24.6%) $145,338 (6.5%) 0.00 43
    2023-11-01 $84,250 (-12.2%) $128,549 (-11.0%) 0.00 47
    2023-12-01 $92,750 (-3.4%) $136,134 (-8.6%) 0.00 47
    2024-01-01 $97,100 (-6.8%) $146,601 (-8.2%) 0.00 42
    2024-02-01 $90,250 (-13.4%) $140,324 (-10.4%) 0.00 41
    2024-03-01 $99,000 (-3.8%) $151,994 (12.1%) 0.00 41
    Parsons's median listing price for 2024-03-01 was $99,000, a difference of $-3,950 (-3.8%) versus the prior year and $8,750 versus the prior month.

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

    Parsons's average listing price for 2024-03-01 was $151,994, a difference of $16,341 (12.1%) versus the prior year and $11,670 versus the prior month.

    For the 2024-03-01 period, Parsons had 41 MLS listings, a difference of 0 listings (0%) versus the prior month and 10 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Parsons (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,572 sqft
    2018-02-01 0 days 1,428 sqft
    2018-03-01 0 days 1,512 sqft
    2018-04-01 0 days 1,578 sqft
    2018-05-01 0 days 1,579 sqft
    2018-06-01 0 days 1,587 sqft
    2018-07-01 0 days 1,562 sqft
    2018-08-01 0 days 1,566 sqft
    2018-09-01 0 days 1,524 sqft
    2018-10-01 0 days 1,537 sqft
    2018-11-01 0 days 1,609 sqft
    2018-12-01 0 days 1,660 sqft
    2019-01-01 0 days 1,671 sqft
    2019-02-01 0 days 1,696 sqft
    2019-03-01 0 days 1,696 sqft
    2019-04-01 0 days 1,680 sqft
    2019-05-01 0 days 1,630 sqft
    2019-06-01 0 days 1,627 sqft
    2019-07-01 0 days 1,592 sqft
    2019-08-01 0 days 1,623 sqft
    2019-09-01 0 days 1,614 sqft
    2019-10-01 0 days 1,600 sqft
    2019-11-01 0 days 1,612 sqft
    2019-12-01 0 days 1,579 sqft
    2020-01-01 0 days 1,595 sqft
    2020-02-01 0 days 1,596 sqft
    2020-03-01 0 days 1,609 sqft
    2020-04-01 0 days 1,609 sqft
    2020-05-01 0 days 1,628 sqft
    2020-06-01 0 days 1,751 sqft
    2020-07-01 0 days 1,539 sqft
    2020-08-01 0 days 1,581 sqft
    2020-09-01 0 days 1,729 sqft
    2020-10-01 0 days 1,400 sqft
    2020-11-01 0 days 1,363 sqft
    2020-12-01 0 days 1,333 sqft
    2021-01-01 0 days 1,347 sqft
    2021-02-01 0 days 1,318 sqft
    2021-03-01 0 days 1,365 sqft
    2021-04-01 0 days 1,306 sqft
    2021-05-01 0 days 1,740 sqft
    2021-06-01 0 days 1,426 sqft
    2021-07-01 0 days 1,231 sqft
    2021-08-01 0 days 1,200 sqft
    2021-09-01 0 days 1,205 sqft
    2021-10-01 0 days 1,272 sqft
    2021-11-01 0 days 1,428 sqft
    2021-12-01 0 days 1,601 sqft
    2022-01-01 0 days 1,552 sqft
    2022-02-01 0 days 1,640 sqft
    2022-03-01 0 days 1,686 sqft
    2022-04-01 0 days 1,562 sqft
    2022-05-01 0 days 1,648 sqft
    2022-06-01 0 days 1,429 sqft
    2022-07-01 0 days 1,394 sqft
    2022-08-01 0 days 1,413 sqft
    2022-09-01 0 days 1,472 sqft
    2022-10-01 0 days 1,394 sqft
    2022-11-01 0 days 1,398 sqft
    2022-12-01 0 days 1,394 sqft
    2023-01-01 0 days 1,422 sqft
    2023-02-01 0 days 1,608 sqft
    2023-03-01 0 days 1,881 sqft
    2023-04-01 0 days 2,046 sqft
    2023-05-01 0 days 1,518 sqft
    2023-06-01 0 days 1,511 sqft
    2023-07-01 0 days 1,427 sqft
    2023-08-01 0 days 1,474 sqft
    2023-09-01 0 days 1,608 sqft
    2023-10-01 0 days 1,451 sqft
    2023-11-01 0 days 1,397 sqft
    2023-12-01 0 days 1,534 sqft
    2024-01-01 0 days 1,536 sqft
    2024-02-01 0 days 1,444 sqft
    2024-03-01 0 days 1,400 sqft
    Parsons's median listing age (time on market) for 2024-03-01 was 0 days.

    Parsons's median square footage for active listings during the 2024-03-01 period was 1,400 sqft. One year prior, the average listing was 1,881 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.