St. Joseph VA Loan Rates, Closing Costs & Stats

ST. JOSEPH, MO-KS

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 51 lenders originated 172 VA loans during 2022. The total origination value was $35,430,000, with an average VA loan value of $205,988.

St. Joseph VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in St. Joseph averaged 0.25% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

St. Joseph's average VA mortgage closing costs are $4,665.

The average rate for the prior week (2024-02-16) was 6.53% and one month ago for the week of 2024-01-19, the average rate was 6.28%.

The average rate one year ago was 6.39%.

For refis of the same type during the week of 2024-02-23, the average rate was -0.39%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 44 5.08% $4,530
QUICKEN LOANS, LLC 13 4.74% $8,588
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 4.11% $3,919
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 5.16% $5,742
CALIBER HOME LOANS, INC. 5 4.50% $8,682
FLAT BRANCH MORTGAGE, INC. 5 3.80% $4,873
Flanagan State Bank 5 4.20% $4,253
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 5.75% $6,171
NAVY FEDERAL CREDIT UNION 4 4.41% $6,826
Barrington Bank & Trust Company, N.A. 3 4.50% $2,400
Mr. Cooper ( Nationstar Mortgage ) 3 5.00% $6,283
NEW DAY FINANCIAL, LLC 3 5.12% $5,514
North American Savings Bank, F.S.B. 3 5.17% $5,852
ENDEAVOR CAPITAL, LLC. 3 5.08% $5,535
LEADERONE FINANCIAL CORPORATION 3 5.08% $4,853
The Federal Savings Bank 3 4.08% $9,544
LOANDEPOT.COM, LLC 3 4.38% $4,583
U.S. Bank 3 3.63% $6,101
AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 5.58% $5,564
PENNYMAC LOAN SERVICES, LLC 2 3.37% $10,743
USAA Federal Savings Bank 2 4.50% $3,125
EMBRACE HOME LOANS, INC. 2 5.75% $5,520
CARDINAL FINANCIAL 2 3.63% $16,230
SUMMIT FUNDING, INC. 2 5.81% $7,814
VILLAGE CAPITAL MORTGAGE 2 5.06% $9,574
CROSSCOUNTRY MORTGAGE, LLC 2 4.84% $9,747
NEWREZ LLC 2 4.75% $14,151
ZILLOW HOME LOANS, LLC 1 6.75% $3,980
AMERISAVE MORTGAGE CORPORATION 1 5.25% $12,940
Armed Forces Bank 1 5.25% $3,112
BOKF 1 4.13% $6,359
BROKER SOLUTIONS, INC. 1 5.63% $4,299
Commerce Bank 1 5.13% $20,207
Equity Prime Mortgage LLC 1 3.88% $8,749
FINANCE OF AMERICA MORTGAGE LLC 1 6.13% $3,105
First Federal Bank 1 4.38% $18,919
First Federal Bank of Kansas City 1 5.00% $2,576
HOME POINT FINANCIAL CORPORATION 1 4.63% $1,456
LAKEVIEW LOAN SERVICING, LLC 1 2.99% $7,539
Low VA Rates, LLC 1 4.25% $9,535
MEGASTAR FINANCIAL CORP. 1 4.50% $3,187
MID AMERICA MORTGAGE, INC. 1 4.38% $1,783
Mid-Continent Funding, Inc. 1 6.13% $4,573
MOVEMENT MORTGAGE, LLC 1 6.75% $6,732
NBKC BANK 1 3.25% $9,556
OPEN MORTGAGE, LLC 1 5.75% $12,976
PHH Mortgage Corporation 1 5.00% $6,666
ROYAL UNITED MORTGAGE LLC 1 3.75% $7,332
SUN WEST MORTGAGE COMPANY, INC. 1 3.25% $2,269
The Home Loan Expert LLC 1 3.88% $2,905
UNITED WHOLESALE MORTGAGE, LLC 1 3.91% $15,604

The top St. Joseph VA lender as defined by loan originations is Mortgage Research Center, LLC, with 44 VA loans originated. Their average total fees are $4,530, which is $4,058 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee St. Joseph VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,530), QUICKEN LOANS, LLC ($8,588), .

The lowest rate St. Joseph VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.74%), Mortgage Research Center, LLC (5.08%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - St. Joseph (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 $127,725 (19.2%) $185,727 (12.7%) 0.00 411
2018-02-01 $124,950 (19.0%) $186,756 (17.0%) 0.00 401
2018-03-01 $130,000 (30.9%) $186,428 (18.9%) 0.00 386
2018-04-01 $126,175 (14.8%) $184,323 (8.1%) 0.00 388
2018-05-01 $127,475 (21.9%) $179,080 (5.5%) 0.00 415
2018-06-01 $126,900 (10.4%) $177,643 (3.7%) 0.00 447
2018-07-01 $129,700 (5.1%) $174,030 (0.2%) 0.00 421
2018-08-01 $132,988 (5.6%) $174,041 (-4.7%) 0.00 434
2018-09-01 $134,900 (6.9%) $175,929 (-4.4%) 0.00 445
2018-10-01 $131,950 (2.3%) $166,972 (-10.9%) 0.00 459
2018-11-01 $131,425 (3.5%) $172,072 (-6.5%) 0.00 455
2018-12-01 $123,500 (-4.0%) $166,406 (-9.8%) 0.00 440
2019-01-01 $119,900 (-6.1%) $164,844 (-11.5%) 0.00 418
2019-02-01 $119,450 (-4.4%) $162,893 (-13.1%) 0.00 378
2019-03-01 $113,471 (-12.7%) $162,830 (-12.9%) 0.00 355
2019-04-01 $107,271 (-15.0%) $163,060 (-11.2%) 0.00 333
2019-05-01 $111,175 (-12.8%) $169,685 (-4.4%) 0.00 325
2019-06-01 $124,700 (-1.7%) $172,948 (-2.1%) 0.00 369
2019-07-01 $130,225 (0.4%) $174,018 (0.8%) 0.00 385
2019-08-01 $133,027 (0.0%) $175,919 (1.6%) 0.00 388
2019-09-01 $136,893 (1.5%) $180,009 (2.5%) 0.00 386
2019-10-01 $139,900 (6.0%) $184,107 (10.2%) 0.00 382
2019-11-01 $128,700 (-2.1%) $176,864 (2.5%) 0.00 371
2019-12-01 $124,950 (1.2%) $174,037 (4.6%) 0.00 354
2020-01-01 $115,000 (-4.1%) $168,507 (2.2%) 0.00 321
2020-02-01 $112,250 (-6.0%) $167,874 (3.1%) 0.00 288
2020-03-01 $129,225 (13.9%) $189,956 (16.8%) 0.00 267
2020-04-01 $129,900 (21.1%) $189,563 (15.6%) 0.00 243
2020-05-01 $152,425 (37.1%) $207,968 (21.0%) 0.00 236
2020-06-01 $164,900 (32.2%) $209,038 (19.8%) 0.00 209
2020-07-01 $154,475 (18.6%) $213,874 (21.6%) 0.00 194
2020-08-01 $139,900 (5.2%) $219,470 (23.8%) 0.00 189
2020-09-01 $129,450 (-5.4%) $208,812 (15.5%) 0.00 204
2020-10-01 $127,000 (-9.2%) $196,119 (6.3%) 0.00 203
2020-11-01 $122,400 (-4.9%) $184,874 (4.5%) 0.00 203
2020-12-01 $122,397 (-2.0%) $178,356 (2.5%) 0.00 204
2021-01-01 $115,000 (0.0%) $178,656 (6.3%) 0.00 170
2021-02-01 $125,000 (11.4%) $181,702 (8.5%) 0.00 146
2021-03-01 $123,756 (-4.2%) $185,828 (-2.0%) 0.00 133
2021-04-01 $119,675 (-7.9%) $192,655 (1.8%) 0.00 111
2021-05-01 $120,000 (-21.3%) $202,479 (-2.4%) 0.00 128
2021-06-01 $119,900 (-27.3%) $201,462 (-3.4%) 0.00 148
2021-07-01 $125,000 (-19.1%) $205,779 (-3.6%) 0.00 188
2021-08-01 $119,800 (-14.4%) $184,993 (-15.5%) 0.00 194
2021-09-01 $113,875 (-12.0%) $167,758 (-19.8%) 0.00 215
2021-10-01 $109,900 (-13.5%) $162,223 (-17.1%) 0.00 226
2021-11-01 $107,700 (-12.0%) $159,179 (-13.6%) 0.00 212
2021-12-01 $102,750 (-16.1%) $154,150 (-12.8%) 0.00 181
2022-01-01 $123,450 (7.4%) $160,255 (-10.1%) 0.00 157
2022-02-01 $118,600 (-5.1%) $184,395 (1.6%) 0.00 130
2022-03-01 $122,450 (-1.1%) $189,631 (2.2%) 0.00 107
2022-04-01 $150,000 (25.3%) $213,387 (10.9%) 0.00 106
2022-05-01 $187,400 (56.2%) $257,210 (27.0%) 0.00 118
2022-06-01 $166,150 (38.6%) $229,067 (13.8%) 0.00 146
2022-07-01 $170,000 (36.0%) $228,897 (11.3%) 0.00 169
2022-08-01 $165,250 (37.9%) $225,605 (21.9%) 0.00 188
2022-09-01 $165,400 (45.3%) $206,369 (23.5%) 0.00 175
2022-10-01 $159,900 (45.5%) $193,546 (19.4%) 0.00 182
2022-11-01 $162,000 (50.4%) $193,903 (21.7%) 0.00 199
2022-12-01 $160,000 (55.7%) $196,776 (27.4%) 0.00 174
2023-01-01 $154,925 (25.5%) $192,812 (20.7%) 0.00 145
2023-02-01 $142,725 (20.3%) $203,189 (10.6%) 0.00 123
2023-03-01 $149,900 (22.4%) $202,839 (7.0%) 0.00 109
2023-04-01 $167,450 (11.6%) $216,576 (1.5%) 0.00 113
2023-05-01 $191,200 (2.0%) $242,685 (-5.5%) 0.00 121
2023-06-01 $200,975 (21.0%) $253,327 (10.3%) 0.00 143
2023-07-01 $189,900 (11.7%) $254,147 (10.8%) 0.00 157
2023-08-01 $181,100 (9.6%) $253,359 (12.1%) 0.00 157
2023-09-01 $177,500 (7.3%) $232,498 (12.4%) 0.00 181
2023-10-01 $181,200 (13.3%) $244,218 (25.8%) 0.00 182
2023-11-01 $177,450 (9.5%) $245,673 (26.3%) 0.00 189
2023-12-01 $177,500 (10.9%) $245,326 (0.0%) 0.00 191
St. Joseph's median listing price for 2023-12-01 was $177,500, a difference of $17,500 (10.9%) versus the prior year and $50 versus the prior month.

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

St. Joseph's average listing price for 2023-12-01 was $245,326, a difference of $48,550 (0.0%) versus the prior year and $-347 versus the prior month.

For the 2023-12-01 period, St. Joseph had 191 MLS listings, a difference of 2 listings (1%) versus the prior month and 17 listings (10%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - St. Joseph (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,564 sqft
2018-02-01 0 days 1,542 sqft
2018-03-01 0 days 1,556 sqft
2018-04-01 0 days 1,543 sqft
2018-05-01 0 days 1,549 sqft
2018-06-01 0 days 1,520 sqft
2018-07-01 0 days 1,454 sqft
2018-08-01 0 days 1,503 sqft
2018-09-01 0 days 1,546 sqft
2018-10-01 0 days 1,533 sqft
2018-11-01 0 days 1,560 sqft
2018-12-01 0 days 1,560 sqft
2019-01-01 0 days 1,561 sqft
2019-02-01 0 days 1,555 sqft
2019-03-01 0 days 1,562 sqft
2019-04-01 0 days 1,550 sqft
2019-05-01 0 days 1,597 sqft
2019-06-01 0 days 1,600 sqft
2019-07-01 0 days 1,613 sqft
2019-08-01 0 days 1,653 sqft
2019-09-01 0 days 1,707 sqft
2019-10-01 0 days 1,733 sqft
2019-11-01 0 days 1,652 sqft
2019-12-01 0 days 1,600 sqft
2020-01-01 0 days 1,584 sqft
2020-02-01 0 days 1,518 sqft
2020-03-01 0 days 1,696 sqft
2020-04-01 0 days 1,667 sqft
2020-05-01 0 days 1,736 sqft
2020-06-01 0 days 1,719 sqft
2020-07-01 0 days 1,668 sqft
2020-08-01 0 days 1,652 sqft
2020-09-01 0 days 1,568 sqft
2020-10-01 0 days 1,576 sqft
2020-11-01 0 days 1,524 sqft
2020-12-01 0 days 1,483 sqft
2021-01-01 0 days 1,555 sqft
2021-02-01 0 days 1,568 sqft
2021-03-01 0 days 1,525 sqft
2021-04-01 0 days 1,512 sqft
2021-05-01 0 days 1,577 sqft
2021-06-01 0 days 1,500 sqft
2021-07-01 0 days 1,500 sqft
2021-08-01 0 days 1,524 sqft
2021-09-01 0 days 1,482 sqft
2021-10-01 0 days 1,440 sqft
2021-11-01 0 days 1,349 sqft
2021-12-01 0 days 1,352 sqft
2022-01-01 0 days 1,316 sqft
2022-02-01 0 days 1,338 sqft
2022-03-01 0 days 1,383 sqft
2022-04-01 0 days 1,553 sqft
2022-05-01 0 days 1,716 sqft
2022-06-01 0 days 1,589 sqft
2022-07-01 0 days 1,584 sqft
2022-08-01 0 days 1,526 sqft
2022-09-01 0 days 1,555 sqft
2022-10-01 0 days 1,476 sqft
2022-11-01 0 days 1,458 sqft
2022-12-01 0 days 1,524 sqft
2023-01-01 0 days 1,459 sqft
2023-02-01 0 days 1,342 sqft
2023-03-01 0 days 1,427 sqft
2023-04-01 0 days 1,594 sqft
2023-05-01 0 days 1,620 sqft
2023-06-01 0 days 1,656 sqft
2023-07-01 0 days 1,640 sqft
2023-08-01 0 days 1,685 sqft
2023-09-01 0 days 1,594 sqft
2023-10-01 0 days 1,574 sqft
2023-11-01 0 days 1,689 sqft
2023-12-01 0 days 1,710 sqft
St. Joseph's median listing age (time on market) for 2023-12-01 was 0 days.

St. Joseph's median square footage for active listings during the 2023-12-01 period was 1,710 sqft. One year prior, the average listing was 1,524 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.