Starkville VA Loan Rates, Closing Costs & Stats

Starkville, MS

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.

Starkville's 18 lenders originated 35 VA loans during 2023. The total origination value was $10,725,000, with an average VA loan value of $306,429.

Starkville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Starkville averaged 6.78% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

Starkville's average VA mortgage closing costs are $5,868.

The average rate for the prior week (2024-05-10) was 6.79% and one month ago for the week of 2024-04-12, the average rate was 6.67%.

The average rate one year ago was 6.28%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.5%.

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

Starkville 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 Starkville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 8 6.75% $6,283
CIS Financial Services, Inc. 4 6.47% $13,004
BancorpSouth 2 6.63% $4,159
Flagstar Bank, FSB 2 6.94% $5,436
NEW DAY FINANCIAL, LLC 2 7.12% $12,115
Renasant Bank 2 7.19% $6,226
PENNYMAC LOAN SERVICES, LLC 2 5.44% $7,861
Regions Bank 1 6.75% $21,229
Trustmark National Bank 1 6.50% $644
USAA Federal Savings Bank 1 6.25% $3,940
Assurance Financial Group, L.L.C. 1 7.25% $460
VILLAGE CAPITAL MORTGAGE 1 6.75% $10,980
CHURCHILL MORTGAGE CORPORATION 1 7.25% $6,634
First Federal Bank, A FSB 1 5.75% $11,754
GMFS LLC 1 6.75% $3,435
LEADERONE FINANCIAL CORPORATION 1 6.50% $8,310
Magnolia Bank 1 5.63% $17,897
Paramount Bank 1 6.25% $9,184

The top Starkville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $6,283, which is $6,721 lower than the next largest lender, CIS Financial Services, Inc..

The lowest fee Starkville VA lenders (with over 10 loans originated) are .

The lowest rate Starkville VA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Starkville (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 $232,675 (-10.4%) $264,850 (-1.0%) 0.00 221
2018-02-01 $234,700 (-9.3%) $264,223 (-1.8%) 0.00 213
2018-03-01 $229,900 (-8.0%) $258,857 (-4.0%) 0.00 245
2018-04-01 $225,000 (-13.5%) $254,533 (-6.1%) 0.00 280
2018-05-01 $225,000 (-10.2%) $251,601 (-5.8%) 0.00 291
2018-06-01 $225,000 (-13.2%) $251,727 (-6.9%) 0.00 281
2018-07-01 $229,200 (-8.3%) $253,812 (-4.5%) 0.00 291
2018-08-01 $224,925 (-7.8%) $256,088 (-0.5%) 0.00 285
2018-09-01 $229,000 (-6.2%) $259,628 (-1.1%) 0.00 270
2018-10-01 $232,000 (-2.2%) $256,506 (-3.0%) 0.00 285
2018-11-01 $232,983 (-0.4%) $260,805 (-0.2%) 0.00 273
2018-12-01 $237,400 (0.6%) $262,255 (-0.8%) 0.00 255
2019-01-01 $239,900 (3.1%) $260,641 (-1.6%) 0.00 251
2019-02-01 $241,450 (2.9%) $264,142 (0.0%) 0.00 264
2019-03-01 $243,543 (5.9%) $267,067 (3.2%) 0.00 268
2019-04-01 $246,068 (9.4%) $272,439 (7.0%) 0.00 272
2019-05-01 $246,500 (9.6%) $273,964 (8.9%) 0.00 281
2019-06-01 $239,900 (6.6%) $273,275 (8.6%) 0.00 275
2019-07-01 $251,888 (9.9%) $284,220 (12.0%) 0.00 273
2019-08-01 $252,927 (12.5%) $282,982 (10.5%) 0.00 266
2019-09-01 $250,718 (9.5%) $281,739 (8.5%) 0.00 253
2019-10-01 $249,000 (7.3%) $280,911 (9.5%) 0.00 242
2019-11-01 $247,500 (6.2%) $281,757 (8.0%) 0.00 234
2019-12-01 $246,000 (3.6%) $285,029 (8.7%) 0.00 221
2020-01-01 $254,700 (6.2%) $296,824 (13.9%) 0.00 213
2020-02-01 $261,640 (8.4%) $312,433 (18.3%) 0.00 212
2020-03-01 $265,860 (9.2%) $313,497 (17.4%) 0.00 221
2020-04-01 $261,175 (6.1%) $309,620 (13.7%) 0.00 209
2020-05-01 $249,900 (1.4%) $291,737 (6.5%) 0.00 239
2020-06-01 $253,750 (5.8%) $291,188 (6.6%) 0.00 227
2020-07-01 $264,700 (5.1%) $291,384 (2.5%) 0.00 220
2020-08-01 $249,900 (-1.2%) $284,132 (0.4%) 0.00 231
2020-09-01 $229,900 (-8.3%) $278,300 (-1.2%) 0.00 228
2020-10-01 $238,500 (-4.2%) $284,191 (1.2%) 0.00 223
2020-11-01 $243,750 (-1.5%) $280,355 (-0.5%) 0.00 200
2020-12-01 $218,975 (-11.0%) $276,227 (-3.1%) 0.00 201
2021-01-01 $210,000 (-17.6%) $282,481 (-4.8%) 0.00 191
2021-02-01 $244,600 (-6.5%) $283,810 (-9.2%) 0.00 186
2021-03-01 $239,975 (-9.7%) $281,705 (-10.1%) 0.00 169
2021-04-01 $265,283 (1.6%) $291,290 (-5.9%) 0.00 151
2021-05-01 $263,550 (5.5%) $293,098 (0.5%) 0.00 145
2021-06-01 $254,590 (0.3%) $288,178 (-1.0%) 0.00 161
2021-07-01 $252,255 (-4.7%) $283,217 (-2.8%) 0.00 167
2021-08-01 $243,075 (-2.7%) $285,178 (0.4%) 0.00 149
2021-09-01 $224,950 (-2.2%) $278,416 (0.0%) 0.00 147
2021-10-01 $225,000 (-5.7%) $281,105 (-1.1%) 0.00 130
2021-11-01 $259,900 (6.6%) $320,807 (14.4%) 0.00 90
2021-12-01 $276,450 (26.3%) $351,069 (27.1%) 0.00 64
2022-01-01 $275,000 (31.0%) $348,420 (23.3%) 0.00 75
2022-02-01 $341,850 (39.8%) $384,597 (35.5%) 0.00 77
2022-03-01 $334,700 (39.5%) $370,639 (31.6%) 0.00 88
2022-04-01 $344,000 (29.7%) $374,064 (28.4%) 0.00 73
2022-05-01 $328,150 (24.5%) $365,310 (24.6%) 0.00 78
2022-06-01 $327,450 (28.6%) $355,574 (23.4%) 0.00 95
2022-07-01 $343,500 (36.2%) $374,321 (32.2%) 0.00 113
2022-08-01 $335,600 (38.1%) $377,065 (32.2%) 0.00 92
2022-09-01 $337,400 (50.0%) $378,524 (36.0%) 0.00 94
2022-10-01 $356,200 (58.3%) $382,219 (36.0%) 0.00 95
2022-11-01 $354,150 (36.3%) $381,351 (18.9%) 0.00 105
2022-12-01 $367,950 (33.1%) $387,874 (10.5%) 0.00 94
2023-01-01 $380,000 (38.2%) $402,690 (15.6%) 0.00 95
2023-02-01 $411,375 (20.3%) $406,337 (5.7%) 0.00 89
2023-03-01 $414,000 (23.7%) $416,650 (12.4%) 0.00 92
2023-04-01 $410,200 (19.2%) $408,348 (9.2%) 0.00 98
2023-05-01 $407,775 (24.3%) $413,348 (13.2%) 0.00 114
2023-06-01 $394,375 (20.4%) $401,686 (13.0%) 0.00 115
2023-07-01 $409,900 (19.3%) $410,052 (9.6%) 0.00 108
2023-08-01 $409,900 (22.1%) $430,981 (14.3%) 0.00 123
2023-09-01 $372,500 (10.4%) $421,858 (11.5%) 0.00 107
2023-10-01 $360,000 (1.1%) $419,855 (9.9%) 0.00 124
2023-11-01 $352,250 (-0.5%) $405,054 (6.2%) 0.00 148
2023-12-01 $367,250 (-0.2%) $426,715 (10.0%) 0.00 155
2024-01-01 $378,750 (-0.3%) $427,145 (6.1%) 0.00 141
2024-02-01 $376,500 (-8.5%) $418,631 (3.0%) 0.00 141
2024-03-01 $378,000 (-8.7%) $421,485 (1.2%) 0.00 155
2024-04-01 $372,475 (-9.2%) $418,556 (2.5%) 0.00 173
Starkville's median listing price for 2024-04-01 was $372,475, a difference of $-37,725 (-9.2%) versus the prior year and $-5,525 versus the prior month.

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

Starkville's average listing price for 2024-04-01 was $418,556, a difference of $10,208 (2.5%) versus the prior year and $-2,929 versus the prior month.

For the 2024-04-01 period, Starkville had 173 MLS listings, a difference of 18 listings (12%) versus the prior month and 75 listings (77%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Starkville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,789 sqft
2018-02-01 0 days 1,753 sqft
2018-03-01 0 days 1,795 sqft
2018-04-01 0 days 1,726 sqft
2018-05-01 0 days 1,677 sqft
2018-06-01 0 days 1,690 sqft
2018-07-01 0 days 1,732 sqft
2018-08-01 0 days 1,759 sqft
2018-09-01 0 days 1,733 sqft
2018-10-01 0 days 1,700 sqft
2018-11-01 0 days 1,689 sqft
2018-12-01 0 days 1,689 sqft
2019-01-01 0 days 1,668 sqft
2019-02-01 0 days 1,689 sqft
2019-03-01 0 days 1,689 sqft
2019-04-01 0 days 1,687 sqft
2019-05-01 0 days 1,631 sqft
2019-06-01 0 days 1,610 sqft
2019-07-01 0 days 1,708 sqft
2019-08-01 0 days 1,729 sqft
2019-09-01 0 days 1,741 sqft
2019-10-01 0 days 1,744 sqft
2019-11-01 0 days 1,736 sqft
2019-12-01 0 days 1,729 sqft
2020-01-01 0 days 1,735 sqft
2020-02-01 0 days 1,759 sqft
2020-03-01 0 days 1,759 sqft
2020-04-01 0 days 1,757 sqft
2020-05-01 0 days 1,710 sqft
2020-06-01 0 days 1,728 sqft
2020-07-01 0 days 1,734 sqft
2020-08-01 0 days 1,710 sqft
2020-09-01 0 days 1,649 sqft
2020-10-01 0 days 1,645 sqft
2020-11-01 0 days 1,583 sqft
2020-12-01 0 days 1,544 sqft
2021-01-01 0 days 1,517 sqft
2021-02-01 0 days 1,509 sqft
2021-03-01 0 days 1,495 sqft
2021-04-01 0 days 1,471 sqft
2021-05-01 0 days 1,425 sqft
2021-06-01 0 days 1,403 sqft
2021-07-01 0 days 1,388 sqft
2021-08-01 0 days 1,470 sqft
2021-09-01 0 days 1,508 sqft
2021-10-01 0 days 1,508 sqft
2021-11-01 0 days 1,653 sqft
2021-12-01 0 days 1,821 sqft
2022-01-01 0 days 1,877 sqft
2022-02-01 0 days 1,690 sqft
2022-03-01 0 days 2,069 sqft
2022-04-01 0 days 2,032 sqft
2022-05-01 0 days 1,992 sqft
2022-06-01 0 days 2,012 sqft
2022-07-01 0 days 2,156 sqft
2022-08-01 0 days 2,153 sqft
2022-09-01 0 days 2,148 sqft
2022-10-01 0 days 2,156 sqft
2022-11-01 0 days 2,110 sqft
2022-12-01 0 days 2,050 sqft
2023-01-01 0 days 2,110 sqft
2023-02-01 0 days 2,130 sqft
2023-03-01 0 days 2,178 sqft
2023-04-01 0 days 2,147 sqft
2023-05-01 0 days 1,888 sqft
2023-06-01 0 days 1,797 sqft
2023-07-01 0 days 1,932 sqft
2023-08-01 0 days 2,065 sqft
2023-09-01 0 days 2,001 sqft
2023-10-01 0 days 1,964 sqft
2023-11-01 0 days 1,811 sqft
2023-12-01 0 days 1,769 sqft
2024-01-01 0 days 1,774 sqft
2024-02-01 0 days 1,778 sqft
2024-03-01 0 days 1,769 sqft
2024-04-01 0 days 1,789 sqft
Starkville's median listing age (time on market) for 2024-04-01 was 0 days.

Starkville's median square footage for active listings during the 2024-04-01 period was 1,789 sqft. One year prior, the average listing was 2,147 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.