Rolla VA Loan Rates, Closing Costs & Stats

Rolla, MO

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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.

    Rolla's 27 lenders originated 91 VA loans during 2023. The total origination value was $22,305,000, with an average VA loan value of $245,110.

    Rolla VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Rolla averaged 0.35% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Rolla's average VA mortgage closing costs are $4,691.

    The average rate for the prior week (2024-11-08) was 6.66% and one month ago for the week of 2024-10-11, the average rate was 6.03%.

    The average rate one year ago was 7.52%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

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

    Rolla 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 Rolla level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 16 6.77% $4,616
    FLAT BRANCH MORTGAGE, INC. 10 6.79% $8,513
    QUICKEN LOANS, LLC 8 6.13% $8,402
    BROKER SOLUTIONS, INC. 8 6.64% $7,101
    FREEDOM MORTGAGE CORPORATION 4 6.75% $11,087
    NAVY FEDERAL CREDIT UNION 4 6.06% $5,948
    DAS Acquisition Company, LLC 4 7.47% $4,679
    GUILD MORTGAGE COMPANY 3 6.63% $6,366
    Barrington Bank & Trust Company, N.A. 3 6.25% $6,090
    NEW DAY FINANCIAL, LLC 3 7.16% $12,578
    AMERISAVE MORTGAGE CORPORATION 3 5.54% $6,770
    UNITED WHOLESALE MORTGAGE, LLC 2 6.55% $3,183
    Mr. Cooper ( Nationstar Mortgage ) 2 6.00% $13,066
    SUN WEST MORTGAGE COMPANY, INC. 2 7.00% $3,582
    The Central Trust Bank 1 7.25% $4,177
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.13% $666
    Mid-Continent Funding, Inc. 1 7.13% $8,621
    LOANDEPOT.COM, LLC 1 5.99% $9,438
    NEWREZ LLC 1 6.75% $3,383
    North American Savings Bank, F.S.B. 1 6.50% $6,495
    Plains Commerce Bank 1 5.50% $9,313
    PLANET HOME LENDING, LLC 1 6.38% $7,043
    PLAZA HOME MORTGAGE, INC. 1 7.13% $10,546
    LAKEVIEW LOAN SERVICING, LLC 1 7.13% $7,216
    CARDINAL FINANCIAL 1 6.75% $3,906
    Midwest Mortgage Associates Corporation 1 7.38% $6,205
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.88% $7,901

    The top Rolla VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $4,616, which is $3,896 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Rolla VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,616), FLAT BRANCH MORTGAGE, INC. ($8,513), .

    The lowest rate Rolla VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.77%), FLAT BRANCH MORTGAGE, INC. (6.79%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Rolla (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 $137,225 (-0.2%) $175,011 (12.2%) 0.00 163
    2018-02-01 $139,900 (7.7%) $182,513 (18.5%) 0.00 151
    2018-03-01 $144,000 (8.8%) $188,053 (18.3%) 0.00 163
    2018-04-01 $158,950 (15.3%) $194,556 (21.0%) 0.00 164
    2018-05-01 $159,450 (18.2%) $198,753 (23.1%) 0.00 185
    2018-06-01 $167,700 (24.4%) $198,187 (23.5%) 0.00 200
    2018-07-01 $169,900 (29.0%) $189,492 (22.1%) 0.00 204
    2018-08-01 $166,200 (28.3%) $190,261 (26.9%) 0.00 208
    2018-09-01 $162,450 (29.4%) $187,995 (24.6%) 0.00 217
    2018-10-01 $159,900 (23.1%) $182,438 (14.3%) 0.00 218
    2018-11-01 $166,850 (26.6%) $183,403 (11.0%) 0.00 216
    2018-12-01 $159,900 (20.3%) $182,171 (6.7%) 0.00 207
    2019-01-01 $159,450 (16.2%) $178,531 (2.0%) 0.00 209
    2019-02-01 $161,650 (15.6%) $182,575 (0.0%) 0.00 196
    2019-03-01 $172,600 (19.9%) $187,067 (-0.5%) 0.00 191
    2019-04-01 $171,550 (7.9%) $185,505 (-4.7%) 0.00 193
    2019-05-01 $179,900 (12.8%) $190,411 (-4.2%) 0.00 207
    2019-06-01 $174,900 (4.3%) $187,667 (-5.3%) 0.00 220
    2019-07-01 $184,600 (8.7%) $197,169 (4.1%) 0.00 214
    2019-08-01 $185,600 (11.7%) $199,168 (4.7%) 0.00 204
    2019-09-01 $186,950 (15.1%) $198,244 (5.5%) 0.00 201
    2019-10-01 $183,800 (15.0%) $197,134 (8.1%) 0.00 193
    2019-11-01 $174,500 (4.6%) $194,682 (6.2%) 0.00 174
    2019-12-01 $183,650 (14.9%) $206,105 (13.1%) 0.00 163
    2020-01-01 $184,975 (16.0%) $207,566 (16.3%) 0.00 159
    2020-02-01 $187,000 (15.7%) $210,534 (15.3%) 0.00 144
    2020-03-01 $182,225 (5.6%) $205,605 (9.9%) 0.00 167
    2020-04-01 $176,425 (2.8%) $206,057 (11.1%) 0.00 155
    2020-05-01 $185,000 (2.8%) $217,213 (14.1%) 0.00 130
    2020-06-01 $169,375 (-3.2%) $210,925 (12.4%) 0.00 117
    2020-07-01 $164,225 (-11.0%) $207,874 (5.4%) 0.00 114
    2020-08-01 $150,900 (-18.7%) $201,430 (1.1%) 0.00 105
    2020-09-01 $139,925 (-25.2%) $185,047 (-6.7%) 0.00 90
    2020-10-01 $139,900 (-23.9%) $188,896 (-4.2%) 0.00 78
    2020-11-01 $141,975 (-18.6%) $178,237 (-8.5%) 0.00 79
    2020-12-01 $148,325 (-19.2%) $181,747 (-11.8%) 0.00 85
    2021-01-01 $159,900 (-13.6%) $195,480 (-5.8%) 0.00 72
    2021-02-01 $153,050 (-18.2%) $201,179 (-4.4%) 0.00 57
    2021-03-01 $175,200 (-3.9%) $227,076 (10.4%) 0.00 49
    2021-04-01 $167,225 (-5.2%) $231,332 (12.3%) 0.00 52
    2021-05-01 $161,450 (-12.7%) $235,875 (8.6%) 0.00 56
    2021-06-01 $195,200 (15.3%) $263,336 (24.9%) 0.00 65
    2021-07-01 $189,900 (15.6%) $283,063 (36.2%) 0.00 88
    2021-08-01 $189,550 (25.6%) $292,722 (45.3%) 0.00 102
    2021-09-01 $185,475 (32.6%) $290,516 (57.0%) 0.00 94
    2021-10-01 $172,450 (23.3%) $279,136 (47.8%) 0.00 88
    2021-11-01 $167,475 (18.0%) $272,068 (52.6%) 0.00 85
    2021-12-01 $162,675 (9.7%) $280,227 (54.2%) 0.00 83
    2022-01-01 $156,500 (-2.1%) $262,925 (34.5%) 0.00 72
    2022-02-01 $194,200 (26.9%) $297,090 (47.7%) 0.00 54
    2022-03-01 $222,225 (26.8%) $313,569 (38.1%) 0.00 53
    2022-04-01 $235,000 (40.5%) $300,796 (30.0%) 0.00 70
    2022-05-01 $260,000 (61.0%) $322,347 (36.7%) 0.00 83
    2022-06-01 $256,500 (31.4%) $317,803 (20.7%) 0.00 91
    2022-07-01 $281,000 (48.0%) $340,409 (20.3%) 0.00 91
    2022-08-01 $277,450 (46.4%) $345,955 (18.2%) 0.00 86
    2022-09-01 $275,000 (48.3%) $339,342 (16.8%) 0.00 90
    2022-10-01 $258,450 (49.9%) $327,553 (17.4%) 0.00 103
    2022-11-01 $264,650 (58.0%) $330,743 (21.6%) 0.00 101
    2022-12-01 $239,500 (47.2%) $314,931 (12.4%) 0.00 92
    2023-01-01 $233,725 (49.4%) $300,121 (14.2%) 0.00 80
    2023-02-01 $241,250 (24.2%) $299,089 (0.7%) 0.00 70
    2023-03-01 $257,475 (15.9%) $311,825 (-0.6%) 0.00 71
    2023-04-01 $284,950 (21.3%) $339,286 (12.8%) 0.00 68
    2023-05-01 $281,700 (8.4%) $333,028 (3.3%) 0.00 70
    2023-06-01 $271,175 (5.7%) $332,974 (4.8%) 0.00 75
    2023-07-01 $260,000 (-7.5%) $331,335 (-2.7%) 0.00 87
    2023-08-01 $273,125 (-1.6%) $329,851 (-4.7%) 0.00 84
    2023-09-01 $249,900 (-9.1%) $299,538 (-11.7%) 0.00 76
    2023-10-01 $236,250 (-8.6%) $295,608 (-9.8%) 0.00 75
    2023-11-01 $233,750 (-11.7%) $287,741 (-13.0%) 0.00 72
    2023-12-01 $209,900 (-12.4%) $289,614 (-8.0%) 0.00 73
    2024-01-01 $239,500 (2.5%) $305,615 (1.8%) 0.00 66
    2024-02-01 $294,450 (22.1%) $363,284 (21.5%) 0.00 63
    2024-03-01 $299,000 (16.1%) $367,987 (18.0%) 0.00 64
    2024-04-01 $275,175 (-3.4%) $335,853 (-1.0%) 0.00 81
    2024-05-01 $282,250 (0.2%) $317,087 (-4.8%) 0.00 80
    2024-06-01 $289,500 (6.8%) $329,587 (-1.0%) 0.00 75
    2024-07-01 $299,450 (15.2%) $325,824 (-1.7%) 0.00 89
    2024-08-01 $306,950 (12.4%) $346,286 (5.0%) 0.00 97
    2024-09-01 $323,725 (29.5%) $383,078 (27.9%) 0.00 105
    2024-10-01 $301,175 (27.5%) $356,091 (20.5%) 0.00 109
    Rolla's median listing price for 2024-10-01 was $301,175, a difference of $64,925 (27.5%) versus the prior year and $-22,550 versus the prior month.

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

    Rolla's average listing price for 2024-10-01 was $356,091, a difference of $60,483 (20.5%) versus the prior year and $-26,987 versus the prior month.

    For the 2024-10-01 period, Rolla had 109 MLS listings, a difference of 4 listings (4%) versus the prior month and 34 listings (45%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Rolla (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,635 sqft
    2018-02-01 0 days 1,665 sqft
    2018-03-01 0 days 1,753 sqft
    2018-04-01 0 days 1,872 sqft
    2018-05-01 0 days 1,801 sqft
    2018-06-01 0 days 1,800 sqft
    2018-07-01 0 days 1,757 sqft
    2018-08-01 0 days 1,729 sqft
    2018-09-01 0 days 1,719 sqft
    2018-10-01 0 days 1,718 sqft
    2018-11-01 0 days 1,727 sqft
    2018-12-01 0 days 1,719 sqft
    2019-01-01 0 days 1,740 sqft
    2019-02-01 0 days 1,734 sqft
    2019-03-01 0 days 1,688 sqft
    2019-04-01 0 days 1,661 sqft
    2019-05-01 0 days 1,710 sqft
    2019-06-01 0 days 1,712 sqft
    2019-07-01 0 days 1,715 sqft
    2019-08-01 0 days 1,715 sqft
    2019-09-01 0 days 1,715 sqft
    2019-10-01 0 days 1,709 sqft
    2019-11-01 0 days 1,680 sqft
    2019-12-01 0 days 1,697 sqft
    2020-01-01 0 days 1,733 sqft
    2020-02-01 0 days 1,878 sqft
    2020-03-01 0 days 1,924 sqft
    2020-04-01 0 days 1,878 sqft
    2020-05-01 0 days 1,912 sqft
    2020-06-01 0 days 1,769 sqft
    2020-07-01 0 days 1,702 sqft
    2020-08-01 0 days 1,685 sqft
    2020-09-01 0 days 1,510 sqft
    2020-10-01 0 days 1,626 sqft
    2020-11-01 0 days 1,625 sqft
    2020-12-01 0 days 1,685 sqft
    2021-01-01 0 days 1,817 sqft
    2021-02-01 0 days 1,808 sqft
    2021-03-01 0 days 1,942 sqft
    2021-04-01 0 days 1,987 sqft
    2021-05-01 0 days 1,686 sqft
    2021-06-01 0 days 1,942 sqft
    2021-07-01 0 days 1,800 sqft
    2021-08-01 0 days 1,802 sqft
    2021-09-01 0 days 1,817 sqft
    2021-10-01 0 days 1,709 sqft
    2021-11-01 0 days 1,715 sqft
    2021-12-01 0 days 1,727 sqft
    2022-01-01 0 days 1,610 sqft
    2022-02-01 0 days 1,766 sqft
    2022-03-01 0 days 1,701 sqft
    2022-04-01 0 days 1,784 sqft
    2022-05-01 0 days 1,789 sqft
    2022-06-01 0 days 1,856 sqft
    2022-07-01 0 days 2,214 sqft
    2022-08-01 0 days 2,048 sqft
    2022-09-01 0 days 1,897 sqft
    2022-10-01 0 days 1,874 sqft
    2022-11-01 0 days 1,978 sqft
    2022-12-01 0 days 1,862 sqft
    2023-01-01 0 days 1,847 sqft
    2023-02-01 0 days 1,984 sqft
    2023-03-01 0 days 1,873 sqft
    2023-04-01 0 days 1,935 sqft
    2023-05-01 0 days 1,857 sqft
    2023-06-01 0 days 1,966 sqft
    2023-07-01 0 days 1,992 sqft
    2023-08-01 0 days 1,913 sqft
    2023-09-01 0 days 1,904 sqft
    2023-10-01 0 days 1,876 sqft
    2023-11-01 0 days 1,608 sqft
    2023-12-01 0 days 1,602 sqft
    2024-01-01 0 days 1,781 sqft
    2024-02-01 0 days 2,099 sqft
    2024-03-01 0 days 2,100 sqft
    2024-04-01 0 days 1,808 sqft
    2024-05-01 0 days 2,042 sqft
    2024-06-01 0 days 2,052 sqft
    2024-07-01 0 days 2,188 sqft
    2024-08-01 0 days 2,205 sqft
    2024-09-01 0 days 2,363 sqft
    2024-10-01 0 days 2,220 sqft
    Rolla's median listing age (time on market) for 2024-10-01 was 0 days.

    Rolla's median square footage for active listings during the 2024-10-01 period was 2,220 sqft. One year prior, the average listing was 1,876 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.