St. Louis VA Loan Rates, Closing Costs & Stats
ST. LOUIS, MO-IL
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. Louis's 152 lenders originated 3,343 VA loans during 2023. The total origination value was $965,665,000, with an average VA loan value of $288,862.
St. Louis VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in St. Louis
averaged
7.27%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
St. Louis's average VA mortgage closing costs are $5,102.
The average rate for the prior week (2024-04-12) was
6.8% and
one month ago for the week of 2024-03-15, the
average rate was 6.76%.
The average rate one year ago was 6.15%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.13%.
St. Louis 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. Louis level.
The top St. Louis VA lender as defined by loan originations is Mortgage Research Center, LLC, with
766 VA loans originated. Their average total fees are
$6,342, which is $710
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee St. Louis VA lenders (with over 10 loans originated) are
First Bank ($3,270), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,094), NAVY FEDERAL CREDIT UNION ($5,114), Stifel Bank and Trust ($5,371) and U.S. Bank ($5,395).
The lowest rate St. Louis VA lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION (5.60%), AMERISAVE MORTGAGE CORPORATION (5.61%), PENNYMAC LOAN SERVICES, LLC (5.61%), Carrollton Bank (5.90%) and NAVY FEDERAL CREDIT UNION (5.91%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - St. Louis (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 | $189,400 (11.9%) | $269,607 (6.0%) | 0.70 | 8,422 |
| 2018-02-01 | $193,450 (12.2%) | $277,213 (5.7%) | 0.70 | 8,301 |
| 2018-03-01 | $205,000 (11.0%) | $291,265 (6.0%) | 0.72 | 8,652 |
| 2018-04-01 | $214,875 (11.8%) | $300,549 (6.1%) | 0.73 | 8,742 |
| 2018-05-01 | $219,900 (9.3%) | $306,148 (4.6%) | 0.73 | 9,152 |
| 2018-06-01 | $219,900 (8.1%) | $308,574 (5.3%) | 0.73 | 9,728 |
| 2018-07-01 | $216,750 (8.4%) | $303,344 (5.3%) | 0.72 | 10,254 |
| 2018-08-01 | $216,000 (9.8%) | $299,330 (6.6%) | 0.72 | 10,480 |
| 2018-09-01 | $215,000 (9.7%) | $297,128 (5.3%) | 0.72 | 10,485 |
| 2018-10-01 | $212,725 (6.7%) | $294,146 (3.5%) | 0.72 | 10,575 |
| 2018-11-01 | $209,900 (8.1%) | $289,261 (3.6%) | 0.71 | 10,105 |
| 2018-12-01 | $200,000 (5.4%) | $280,394 (3.3%) | 0.69 | 9,044 |
| 2019-01-01 | $199,550 (5.4%) | $275,229 (2.1%) | 0.69 | 7,920 |
| 2019-02-01 | $210,000 (8.6%) | $291,481 (5.2%) | 0.71 | 7,560 |
| 2019-03-01 | $219,229 (6.9%) | $298,617 (2.5%) | 0.72 | 7,742 |
| 2019-04-01 | $225,000 (4.7%) | $305,034 (1.5%) | 0.71 | 7,961 |
| 2019-05-01 | $231,450 (5.3%) | $313,299 (2.3%) | 0.72 | 8,254 |
| 2019-06-01 | $234,900 (6.8%) | $316,951 (2.7%) | 0.73 | 8,574 |
| 2019-07-01 | $229,450 (5.9%) | $313,345 (3.3%) | 0.72 | 8,892 |
| 2019-08-01 | $226,545 (4.9%) | $309,115 (3.3%) | 0.72 | 9,029 |
| 2019-09-01 | $222,864 (3.7%) | $305,504 (2.8%) | 0.71 | 9,135 |
| 2019-10-01 | $220,000 (3.4%) | $302,348 (2.8%) | 0.71 | 9,189 |
| 2019-11-01 | $215,000 (2.4%) | $299,928 (3.7%) | 0.70 | 8,762 |
| 2019-12-01 | $210,225 (5.1%) | $290,006 (3.4%) | 0.70 | 7,793 |
| 2020-01-01 | $209,900 (5.2%) | $287,643 (4.5%) | 0.70 | 6,908 |
| 2020-02-01 | $218,950 (4.3%) | $298,000 (2.2%) | 0.72 | 6,367 |
| 2020-03-01 | $229,575 (4.7%) | $305,672 (2.4%) | 0.72 | 6,432 |
| 2020-04-01 | $231,500 (2.9%) | $305,767 (0.2%) | 0.73 | 6,463 |
| 2020-05-01 | $247,900 (7.1%) | $320,854 (2.4%) | 0.75 | 6,320 |
| 2020-06-01 | $249,900 (6.4%) | $333,864 (5.3%) | 0.74 | 6,016 |
| 2020-07-01 | $249,950 (8.9%) | $336,803 (7.5%) | 0.72 | 5,763 |
| 2020-08-01 | $249,900 (10.3%) | $338,174 (9.4%) | 0.72 | 5,622 |
| 2020-09-01 | $249,900 (12.1%) | $339,389 (11.1%) | 0.72 | 5,558 |
| 2020-10-01 | $243,800 (10.8%) | $334,342 (10.6%) | 0.70 | 5,660 |
| 2020-11-01 | $235,900 (9.7%) | $328,471 (9.5%) | 0.69 | 5,297 |
| 2020-12-01 | $230,238 (9.5%) | $323,488 (11.6%) | 0.68 | 4,754 |
| 2021-01-01 | $239,950 (14.3%) | $337,049 (17.2%) | 0.72 | 4,017 |
| 2021-02-01 | $249,900 (14.1%) | $342,968 (15.1%) | 0.73 | 3,541 |
| 2021-03-01 | $252,450 (10.0%) | $345,467 (13.0%) | 0.72 | 3,573 |
| 2021-04-01 | $258,600 (11.7%) | $355,697 (16.3%) | 0.70 | 3,564 |
| 2021-05-01 | $254,900 (2.8%) | $357,526 (11.4%) | 0.68 | 3,474 |
| 2021-06-01 | $255,800 (2.4%) | $352,428 (5.6%) | 0.67 | 3,848 |
| 2021-07-01 | $250,000 (0.0%) | $346,893 (3.0%) | 0.66 | 4,596 |
| 2021-08-01 | $249,900 (0.0%) | $341,848 (1.1%) | 0.67 | 4,766 |
| 2021-09-01 | $249,900 (0.0%) | $338,695 (-0.2%) | 0.67 | 4,700 |
| 2021-10-01 | $240,000 (-1.6%) | $337,379 (0.9%) | 0.64 | 4,538 |
| 2021-11-01 | $236,950 (0.5%) | $336,788 (2.5%) | 0.63 | 4,143 |
| 2021-12-01 | $239,950 (4.2%) | $335,658 (3.8%) | 0.65 | 3,461 |
| 2022-01-01 | $243,300 (1.4%) | $336,432 (-0.2%) | 0.66 | 3,008 |
| 2022-02-01 | $262,450 (5.0%) | $343,962 (0.3%) | 0.68 | 2,830 |
| 2022-03-01 | $270,100 (7.0%) | $347,063 (0.5%) | 0.68 | 2,915 |
| 2022-04-01 | $269,900 (4.4%) | $337,220 (-5.2%) | 0.64 | 3,113 |
| 2022-05-01 | $275,400 (8.0%) | $347,309 (-2.9%) | 0.63 | 3,651 |
| 2022-06-01 | $279,700 (9.3%) | $352,861 (0.1%) | 0.62 | 4,102 |
| 2022-07-01 | $275,000 (10.0%) | $347,854 (0.3%) | 0.62 | 4,650 |
| 2022-08-01 | $276,339 (10.6%) | $345,989 (1.2%) | 0.64 | 4,694 |
| 2022-09-01 | $274,950 (10.0%) | $345,774 (2.1%) | 0.64 | 4,697 |
| 2022-10-01 | $275,900 (15.0%) | $340,533 (0.9%) | 0.65 | 4,810 |
| 2022-11-01 | $274,200 (15.7%) | $337,965 (0.4%) | 0.66 | 4,784 |
| 2022-12-01 | $269,000 (12.1%) | $329,391 (-1.9%) | 0.66 | 4,223 |
| 2023-01-01 | $269,900 (10.9%) | $333,777 (-0.8%) | 0.67 | 3,782 |
| 2023-02-01 | $271,750 (3.5%) | $336,969 (-2.0%) | 0.66 | 3,499 |
| 2023-03-01 | $278,950 (3.3%) | $343,433 (-1.1%) | 0.66 | 3,477 |
| 2023-04-01 | $284,900 (5.6%) | $355,059 (5.3%) | 0.66 | 3,580 |
| 2023-05-01 | $281,650 (2.3%) | $357,964 (3.1%) | 0.64 | 3,755 |
| 2023-06-01 | $289,423 (3.5%) | $362,670 (2.8%) | 0.65 | 3,975 |
| 2023-07-01 | $288,900 (5.1%) | $359,779 (3.4%) | 0.66 | 4,296 |
| 2023-08-01 | $283,763 (2.7%) | $352,539 (1.9%) | 0.65 | 4,393 |
| 2023-09-01 | $279,900 (1.8%) | $348,374 (0.8%) | 0.65 | 4,869 |
| 2023-10-01 | $277,000 (0.4%) | $346,814 (1.8%) | 0.65 | 5,123 |
| 2023-11-01 | $275,000 (0.3%) | $343,496 (1.6%) | 0.65 | 5,159 |
| 2023-12-01 | $274,900 (2.2%) | $335,628 (1.9%) | 0.67 | 4,650 |
| 2024-01-01 | $277,450 (2.8%) | $339,364 (1.7%) | 0.68 | 4,136 |
| 2024-02-01 | $287,450 (5.8%) | $352,864 (4.7%) | 0.69 | 3,927 |
| 2024-03-01 | $292,000 (4.7%) | $362,286 (5.5%) | 0.69 | 3,970 |
St. Louis's median listing price comes in at 69% of the national average.
St. Louis's average listing price for 2024-03-01 was $362,286, a difference of $18,853 (5.5%) versus the prior year and $9,422 versus the prior month.
For the 2024-03-01 period, St. Louis had 3,970 MLS listings, a difference of 43 listings (1%) versus the prior month and 493 listings (14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - St. Louis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 79 days | 1,653 sqft |
| 2018-02-01 | 72 days | 1,670 sqft |
| 2018-03-01 | 51 days | 1,724 sqft |
| 2018-04-01 | 51 days | 1,754 sqft |
| 2018-05-01 | 50 days | 1,764 sqft |
| 2018-06-01 | 48 days | 1,758 sqft |
| 2018-07-01 | 50 days | 1,746 sqft |
| 2018-08-01 | 53 days | 1,733 sqft |
| 2018-09-01 | 57 days | 1,723 sqft |
| 2018-10-01 | 59 days | 1,710 sqft |
| 2018-11-01 | 62 days | 1,689 sqft |
| 2018-12-01 | 72 days | 1,673 sqft |
| 2019-01-01 | 82 days | 1,651 sqft |
| 2019-02-01 | 75 days | 1,705 sqft |
| 2019-03-01 | 60 days | 1,734 sqft |
| 2019-04-01 | 47 days | 1,745 sqft |
| 2019-05-01 | 49 days | 1,756 sqft |
| 2019-06-01 | 51 days | 1,764 sqft |
| 2019-07-01 | 53 days | 1,753 sqft |
| 2019-08-01 | 53 days | 1,744 sqft |
| 2019-09-01 | 56 days | 1,735 sqft |
| 2019-10-01 | 57 days | 1,728 sqft |
| 2019-11-01 | 68 days | 1,700 sqft |
| 2019-12-01 | 83 days | 1,678 sqft |
| 2020-01-01 | 85 days | 1,653 sqft |
| 2020-02-01 | 83 days | 1,682 sqft |
| 2020-03-01 | 51 days | 1,738 sqft |
| 2020-04-01 | 56 days | 1,761 sqft |
| 2020-05-01 | 60 days | 1,808 sqft |
| 2020-06-01 | 59 days | 1,842 sqft |
| 2020-07-01 | 53 days | 1,845 sqft |
| 2020-08-01 | 52 days | 1,811 sqft |
| 2020-09-01 | 60 days | 1,810 sqft |
| 2020-10-01 | 60 days | 1,776 sqft |
| 2020-11-01 | 65 days | 1,747 sqft |
| 2020-12-01 | 69 days | 1,713 sqft |
| 2021-01-01 | 64 days | 1,728 sqft |
| 2021-02-01 | 57 days | 1,715 sqft |
| 2021-03-01 | 47 days | 1,728 sqft |
| 2021-04-01 | 41 days | 1,731 sqft |
| 2021-05-01 | 39 days | 1,700 sqft |
| 2021-06-01 | 37 days | 1,705 sqft |
| 2021-07-01 | 35 days | 1,708 sqft |
| 2021-08-01 | 37 days | 1,688 sqft |
| 2021-09-01 | 40 days | 1,671 sqft |
| 2021-10-01 | 42 days | 1,638 sqft |
| 2021-11-01 | 43 days | 1,609 sqft |
| 2021-12-01 | 50 days | 1,603 sqft |
| 2022-01-01 | 53 days | 1,600 sqft |
| 2022-02-01 | 42 days | 1,619 sqft |
| 2022-03-01 | 34 days | 1,655 sqft |
| 2022-04-01 | 32 days | 1,651 sqft |
| 2022-05-01 | 30 days | 1,667 sqft |
| 2022-06-01 | 32 days | 1,695 sqft |
| 2022-07-01 | 35 days | 1,680 sqft |
| 2022-08-01 | 37 days | 1,678 sqft |
| 2022-09-01 | 42 days | 1,680 sqft |
| 2022-10-01 | 41 days | 1,680 sqft |
| 2022-11-01 | 43 days | 1,678 sqft |
| 2022-12-01 | 53 days | 1,659 sqft |
| 2023-01-01 | 64 days | 1,653 sqft |
| 2023-02-01 | 64 days | 1,652 sqft |
| 2023-03-01 | 47 days | 1,659 sqft |
| 2023-04-01 | 39 days | 1,699 sqft |
| 2023-05-01 | 37 days | 1,687 sqft |
| 2023-06-01 | 39 days | 1,700 sqft |
| 2023-07-01 | 38 days | 1,680 sqft |
| 2023-08-01 | 37 days | 1,667 sqft |
| 2023-09-01 | 38 days | 1,640 sqft |
| 2023-10-01 | 42 days | 1,644 sqft |
| 2023-11-01 | 44 days | 1,636 sqft |
| 2023-12-01 | 53 days | 1,612 sqft |
| 2024-01-01 | 59 days | 1,612 sqft |
| 2024-02-01 | 48 days | 1,628 sqft |
| 2024-03-01 | 39 days | 1,630 sqft |
St. Louis's median square footage for active listings during the 2024-03-01 period was 1,630 sqft. One year prior, the average listing was 1,659 sqft.