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 6.81% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

St. Louis's average VA mortgage closing costs are $5,102.

The average rate for the prior week (2024-05-10) was 6.92% and one month ago for the week of 2024-04-12, the average rate was 6.8%.

The average rate one year ago was 6.41%.

For refis of the same type during the week of 2024-05-17, the average rate was 7.07%.

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

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.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 766 6.74% $6,342
UNITED WHOLESALE MORTGAGE, LLC 194 6.51% $7,051
QUICKEN LOANS, LLC 151 6.37% $9,902
GUILD MORTGAGE COMPANY 142 6.60% $8,153
NAVY FEDERAL CREDIT UNION 131 5.91% $5,114
DAS Acquisition Company, LLC 105 7.04% $7,332
USAA Federal Savings Bank 101 6.45% $7,620
Carrollton Bank 96 5.90% $6,399
DELMAR FINANCIAL COMPANY 91 6.80% $7,116
GUARANTEED RATE, INC. 91 6.53% $5,538
BROKER SOLUTIONS, INC. 90 6.68% $7,986
FLAT BRANCH MORTGAGE, INC. 60 6.70% $6,432
FREEDOM MORTGAGE CORPORATION 59 6.61% $13,920
GERSHMAN INVESTMENT CORP. 57 6.99% $7,429
NEW DAY FINANCIAL, LLC 56 7.46% $11,046
PENNYMAC LOAN SERVICES, LLC 54 5.61% $8,547
ENDEAVOR CAPITAL, LLC. 52 6.66% $6,452
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 46 6.63% $6,564
LOANDEPOT.COM, LLC 35 6.26% $12,732
The Federal Savings Bank 34 6.44% $14,287
NEWREZ LLC 34 6.74% $8,139
GUARANTEED RATE AFFINITY, LLC 32 6.51% $6,036
Stifel Bank and Trust 30 6.27% $5,371
CROSSCOUNTRY MORTGAGE, LLC 28 6.68% $10,584
FAMILY FINANCE MORTGAGE, LLC 26 6.59% $7,325
Mr. Cooper ( Nationstar Mortgage ) 25 6.18% $10,780
LEADERONE FINANCIAL CORPORATION 23 6.99% $7,444
VILLAGE CAPITAL MORTGAGE 22 6.11% $11,961
Flagstar Bank, FSB 20 6.46% $7,507
FCB Banks 20 6.41% $5,632
CMG MORTGAGE, INC. 20 6.44% $7,661
PENTAGON FEDERAL CREDIT UNION 18 5.60% $7,000
Barrington Bank & Trust Company, N.A. 17 6.25% $6,305
MORTGAGE SOLUTIONS OF COLORADO, LLC 17 7.82% $4,094
U.S. Bank 17 6.56% $5,395
Regions Bank 16 6.23% $7,222
The Central Trust Bank 16 6.66% $6,852
Midwest BankCentre 15 6.53% $5,565
CARDINAL FINANCIAL 15 6.63% $11,706
AMERISAVE MORTGAGE CORPORATION 15 5.61% $16,599
Mid-Continent Funding, Inc. 15 6.71% $7,834
First State Bank of St. Charles, Missouri 13 6.37% $6,025
First Bank 13 6.15% $3,270
Plains Commerce Bank 12 6.41% $8,390
Paramount Residential Mortgage Group, Inc. 11 6.58% $10,520
SCOTT CREDIT UNION 10 5.91% $5,488
PRIMELENDING, A PLAINSCAPITAL COMPANY 10 6.59% $6,721
PLANET HOME LENDING, LLC 9 6.33% $7,822
NP, Inc. 9 6.43% $7,341
NBKC BANK 9 5.71% $7,642
Nations Lending Corporation 9 6.69% $5,635
PREMIA MORTGAGE, LLC 9 5.89% $8,262
AMERICAN PACIFIC MORTGAGE CORPORATION 9 6.99% $8,351
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.31% $11,055
Wells Fargo Bank 8 5.70% $7,399
FRONTIER FINANCIAL, INC. 7 7.11% $8,215
Bell Bank 7 6.80% $3,738
JPMorgan Chase Bank 7 6.71% $5,328
Armed Forces Bank 7 6.14% $9,526
AMERICAN PORTFOLIO MORTGAGE CORPORATION 6 6.38% $6,053
FIRST INTEGRITY MORTGAGE SERVICES, INC. 6 7.00% $5,009
COMMUNITY MORTGAGE, LLC 6 6.96% $9,210
MOVEMENT MORTGAGE, LLC 6 7.08% $5,886
PNC Bank 5 6.28% $6,561
Magnolia Bank 5 6.05% $15,863
Paramount Bank 5 6.75% $7,897
Bank of Springfield 5 6.35% $10,237
MUTUAL OF OMAHA MORTGAGE, INC. 5 6.18% $16,272
Servion, Inc. 5 6.33% $8,639
Cornerstone First Mortgage, Inc 5 7.28% $6,755
GENEVA FINANCIAL, LLC 4 6.84% $8,480
SUN WEST MORTGAGE COMPANY, INC. 4 6.36% $9,448
First Horizon Bank 4 7.06% $7,604
FIRST MORTGAGE COMPANY, INC. 4 7.00% $5,030
VICTORY MORTGAGE, L.L.C. 4 6.06% $9,287
Busey Bank 4 6.50% $3,879
BNC National Bank 4 5.53% $9,354
BAY EQUITY LLC 4 6.28% $12,279
BancorpSouth 4 6.56% $4,992
Neighborhood Loans, Inc. 4 6.47% $14,004
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.19% $9,259
HOMESITE MORTGAGE, LLC 4 5.81% $6,447
LAKEVIEW LOAN SERVICING, LLC 4 6.34% $13,909
LOANPAL, LLC 3 6.21% $18,672
Heartland Bank and Trust Company 3 6.17% $6,352
ROYAL UNITED MORTGAGE LLC 3 7.08% $9,070
Prosperity Home Mortgage, LLC 3 6.92% $10,244
Citizens Bank 3 6.17% $5,003
ZILLOW HOME LOANS, LLC 2 7.00% $5,763
AMERICAN FINANCIAL NETWORK, INC. 2 6.56% $9,905
AMERICAN FINANCING CORPORATION 2 6.06% $9,388
American Mortgage & Equity Consultants, Inc. 2 5.75% $8,789
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 7.06% $5,233
Commerce Bank 2 6.50% $10,345
CONTOUR MORTGAGE CORPORATION 2 7.63% $14,050
Equity Prime Mortgage LLC 2 7.25% $7,453
FIRST CENTENNIAL MORTGAGE CORPORATION 2 6.38% $2,970
First Western Trust Bank 2 6.31% $6,145
Hawthorn Bank 2 5.81% $5,350
HOMESIDE FINANCIAL, LLC 2 7.00% $12,035
HOMESTAR FINANCIAL CORPORATION 2 7.00% $3,652
ON Q FINANCIAL, INC. 2 6.94% $5,240
PHH Mortgage Corporation 2 6.81% $13,133
PLAZA HOME MORTGAGE, INC. 2 7.00% $8,398
T2 FINANCIAL LLC 2 6.88% $9,812
TOWNE MORTGAGE COMPANY 2 5.75% $7,731
Truist 2 6.38% $11,013
UMB Bank 2 6.00% $16,938
Merchants Bank of Indiana 1 6.75% $8,663
MEGASTAR FINANCIAL CORP. 1 6.75% $4,141
INB 1 7.13% $1,597
VERITAS FUNDING, LLC 1 7.25% $23,400
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.50% $2,573
HALLMARK HOME MORTGAGE, LLC 1 6.75% $5,913
Ameris Bank 1 6.25% $10,219
Gateway First Bank 1 5.75% $27,574
First United Bank and Trust Company 1 5.88% $15,932
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $22,461
First Savings Bank 1 6.25% $7,952
PROPER RATE, LLC 1 6.25% $7,368
First Federal Bank 1 5.63% $6,284
EVERETT FINANCIAL, INC. 1 7.13% $3,673
ENVOY MORTGAGE, LTD 1 6.50% $438
RELIANCE FIRST CAPITAL, LLC 1 5.88% $29,059
DRAPER AND KRAMER MORTGAGE CORP. 1 6.13% $8,726
Credence Funding Corporation 1 5.50% $1,866
Service Federal Credit Union 1 6.25% $8,672
Citibank 1 5.75% $3,883
Sierra Pacific Mortgage Company, Inc. 1 6.63% $11,121
SIRVA MORTGAGE, INC. 1 6.63% $8,933
CIBC Bank USA 1 6.00% $4,799
STOCKTON MORTGAGE CORPORATION 1 7.25% $8,713
Strong Home Mortgage, LLC 1 5.13% $14,544
SUMMIT FUNDING, INC. 1 6.75% $3,980
Sunflower Bank 1 5.63% $12,280
CHURCHILL MORTGAGE CORPORATION 1 7.25% $9,568
AMCAP MORTGAGE, LTD. 1 7.25% $6,020
Carrington Mortgage Services, LLC 1 7.13% $590
CANOPY MORTGAGE, LLC 1 6.25% $3,782
ALLTRU Federal Credit Union 1 6.13% $8,101
WRIGHT-PATT CREDIT UNION, INC. 1 6.63% $2,952
Access Bank 1 7.50% $13,517
UNION HOME MORTGAGE CORP. 1 7.50% $4,182
CALCON MUTUAL MORTGAGE LLC 1 6.75% $11,688
Bank of America 1 8.00% $8,176
NBH Bank 1 7.25% $16,527
M&T Bank 1 7.25% $12,232
North American Savings Bank, F.S.B. 1 6.13% $5,374
Northpointe Bank 1 6.75% $14,986
MLB RESIDENTIAL LENDING, LLC 1 7.25% $6,229
Arvest Bank 1 7.00% $8,689
MID AMERICA MORTGAGE, INC. 1 6.13% $8,351

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
2024-04-01 $294,400 (3.3%) $376,256 (6.0%) 0.68 4,175
St. Louis's median listing price for 2024-04-01 was $294,400, a difference of $9,500 (3.3%) versus the prior year and $2,400 versus the prior month.

St. Louis's median listing price comes in at 68% of the national average.

St. Louis's average listing price for 2024-04-01 was $376,256, a difference of $21,197 (6.0%) versus the prior year and $13,970 versus the prior month.

For the 2024-04-01 period, St. Louis had 4,175 MLS listings, a difference of 205 listings (5%) versus the prior month and 595 listings (17%) 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
2024-04-01 35 days 1,664 sqft
St. Louis's median listing age (time on market) for 2024-04-01 was 35 days. This is -12% shorter than the same period one year ago.

St. Louis's median square footage for active listings during the 2024-04-01 period was 1,664 sqft. One year prior, the average listing was 1,699 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.