Poplar Bluff VA Loan Rates, Closing Costs & Stats
Poplar Bluff, MO
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.
Poplar Bluff's 20 lenders originated 80 VA loans during 2023. The total origination value was $16,080,000, with an average VA loan value of $201,000.
Poplar Bluff VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Poplar Bluff
averaged
6.86%
for the week of 2024-11-08, compared to the national average (all VA variants) of
6.34% for the same period.
Poplar Bluff's average VA mortgage closing costs are $3,442.
The average rate for the prior week (2024-11-01) was
6.62% and
one month ago for the week of 2024-10-04, the
average rate was 6.05%.
The average rate one year ago was 7.6%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.34%.
Poplar Bluff 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 Poplar Bluff level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 25 | 6.82% | $3,186 |
| DAS Acquisition Company, LLC | 16 | 6.97% | $1,756 |
| FLAT BRANCH MORTGAGE, INC. | 8 | 6.98% | $3,423 |
| NAVY FEDERAL CREDIT UNION | 3 | 6.33% | $4,625 |
| Flanagan State Bank | 3 | 6.50% | $789 |
| VILLAGE CAPITAL MORTGAGE | 2 | 6.50% | $9,143 |
| NEWREZ LLC | 2 | 6.75% | $2,674 |
| PENNYMAC LOAN SERVICES, LLC | 2 | 6.13% | $2,976 |
| QUICKEN LOANS, LLC | 2 | 5.24% | $10,002 |
| The Central Trust Bank | 2 | 6.94% | $3,651 |
| USAA Federal Savings Bank | 2 | 5.75% | $7,507 |
| Bank of England | 2 | 6.69% | $10,174 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 7.50% | $8,151 |
| NEW DAY FINANCIAL, LLC | 1 | 7.99% | $9,436 |
| LAKEVIEW LOAN SERVICING, LLC | 1 | 6.25% | $10,961 |
| Magnolia Bank | 1 | 6.25% | $2,805 |
| Members Mortgage Services, L.L.C. | 1 | 7.25% | $2,238 |
| Mid-Continent Funding, Inc. | 1 | 6.13% | $14,190 |
| GUARANTEED RATE, INC. | 1 | 6.75% | $575 |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | 1 | 7.75% | $0 |
The top Poplar Bluff VA lender as defined by loan originations is Mortgage Research Center, LLC, with
25 VA loans originated. Their average total fees are
$3,186, which is $1,430
higher than the next largest lender,
DAS Acquisition Company, LLC.
The lowest fee Poplar Bluff VA lenders (with over 10 loans originated) are
DAS Acquisition Company, LLC ($1,756), Mortgage Research Center, LLC ($3,186), .
The lowest rate Poplar Bluff VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.82%), DAS Acquisition Company, LLC (6.97%), .