St. Joseph VA Loan Rates, Closing Costs & Stats

ST. JOSEPH, MO-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.

    St. Joseph's 48 lenders originated 182 VA loans during 2024. The total origination value was $47,910,000, with an average VA loan value of $263,242.

    St. Joseph VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in St. Joseph averaged 0.65% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    St. Joseph's average VA mortgage closing costs are $4,916.

    The average rate for the prior week (2025-06-13) was 7.09% and one month ago for the week of 2025-05-16, the average rate was 7.15%.

    The average rate one year ago was 7.05%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.25%.

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

    St. Joseph 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 St. Joseph level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 48 6.56% $5,136
    QUICKEN LOANS, LLC 18 6.09% $8,019
    PRIMELENDING, A PLAINSCAPITAL COMPANY 13 6.82% $4,156
    FREEDOM MORTGAGE CORPORATION 11 6.24% $7,602
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.42% $4,140
    PENNYMAC LOAN SERVICES, LLC 8 5.78% $7,491
    USAA Federal Savings Bank 5 6.45% $4,583
    UNITED WHOLESALE MORTGAGE, LLC 5 6.47% $8,235
    NBKC BANK 3 5.79% $6,340
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.04% $2,685
    FLAT BRANCH MORTGAGE, INC. 3 6.50% $9,266
    ENDEAVOR CAPITAL, LLC. 3 6.17% $3,772
    NEW DAY FINANCIAL, LLC 3 7.16% $9,179
    COMMUNITYAMERICA 2 6.94% $2,227
    Armed Forces Bank 2 6.38% $20,549
    GUILD MORTGAGE COMPANY 2 6.69% $4,849
    LOANDEPOT.COM, LLC 2 6.56% $9,683
    Mr. Cooper ( Nationstar Mortgage ) 2 6.69% $8,346
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.25% $5,451
    NAVY FEDERAL CREDIT UNION 2 5.50% $3,494
    OPEN MORTGAGE, LLC 2 7.25% $12,483
    VILLAGE CAPITAL MORTGAGE 2 5.75% $5,218
    MID AMERICA MORTGAGE, INC. 1 7.25% $3,594
    Frontier Bank 1 6.25% $2,885
    Flanagan State Bank 1 6.75% $10,779
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.13% $2,679
    M&T Bank 1 5.25% $4,033
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $9,609
    U.S. Bank 1 5.63% $3,735
    NBH Bank 1 5.75% $2,356
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $5,091
    COMMUNITY MORTGAGE, LLC 1 7.75% $4,365
    NFM, INC. 1 6.63% $18,329
    Waterstone Mortgage Corporation 1 6.00% $8,076
    AMERICAN FINANCING CORPORATION 1 5.75% $5,494
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $2,307
    PHH Mortgage Corporation 1 6.63% $7,242
    PLANET HOME LENDING, LLC 1 6.38% $1,907
    Barrington Bank & Trust Company, N.A. 1 6.25% $9,124
    AMERISAVE MORTGAGE CORPORATION 1 6.13% $8,978
    ROYAL UNITED MORTGAGE LLC 1 6.75% $6,235
    UMB Bank 1 6.75% $13,206
    HOMESIDE FINANCIAL, LLC 1 5.75% $5,651
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $940
    LEADERONE FINANCIAL CORPORATION 1 7.63% $3,193
    United Community Bank 1 7.63% $4,168
    LOANPAL, LLC 1 6.50% $9,458
    MEGASTAR FINANCIAL CORP. 1 6.88% $2,847

    The top St. Joseph VA lender as defined by loan originations is Mortgage Research Center, LLC, with 48 VA loans originated. Their average total fees are $5,136, which is $2,883 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee St. Joseph VA lenders (with over 10 loans originated) are PRIMELENDING, A PLAINSCAPITAL COMPANY ($4,156), Mortgage Research Center, LLC ($5,136), FREEDOM MORTGAGE CORPORATION ($7,602), QUICKEN LOANS, LLC ($8,019) and .

    The lowest rate St. Joseph VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.09%), FREEDOM MORTGAGE CORPORATION (6.24%), Mortgage Research Center, LLC (6.56%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.82%) and .

    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.