Topeka VA Loan Rates, Closing Costs & Stats

TOPEKA, 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.

    Topeka's 62 lenders originated 451 VA loans during 2024. The total origination value was $121,415,000, with an average VA loan value of $269,213.

    Topeka VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Topeka averaged 6.84% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Topeka's average VA mortgage closing costs are $4,912.

    The average rate for the prior week (2025-07-04) was 6.95% and one month ago for the week of 2025-06-06, the average rate was 6.82%.

    The average rate one year ago was 6.94%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.44%.

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

    Topeka 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 Topeka level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 120 6.47% $5,479
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 43 6.54% $5,323
    QUICKEN LOANS, LLC 26 6.24% $9,460
    UNITED WHOLESALE MORTGAGE, LLC 24 5.90% $5,574
    FREEDOM MORTGAGE CORPORATION 19 6.18% $7,331
    PENNYMAC LOAN SERVICES, LLC 17 5.68% $5,374
    NAVY FEDERAL CREDIT UNION 16 5.91% $4,057
    MORTGAGE SOLUTIONS OF COLORADO, LLC 14 7.40% $2,918
    USAA Federal Savings Bank 14 6.46% $6,393
    FLAT BRANCH MORTGAGE, INC. 13 6.63% $10,155
    NBH Bank 11 6.19% $4,688
    NEW DAY FINANCIAL, LLC 10 7.75% $8,913
    U.S. Bank 6 6.50% $7,843
    Flagstar Bank, FSB 6 6.98% $3,764
    LEADERONE FINANCIAL CORPORATION 5 6.90% $5,402
    NEWREZ LLC 5 5.93% $4,309
    Central National Bank 5 6.40% $7,177
    PLANET HOME LENDING, LLC 5 5.75% $5,784
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.65% $5,562
    LAKEVIEW LOAN SERVICING, LLC 4 5.81% $6,733
    LOANDEPOT.COM, LLC 4 6.40% $6,794
    Mr. Cooper ( Nationstar Mortgage ) 4 6.78% $11,430
    CROSSCOUNTRY MORTGAGE, LLC 3 6.92% $2,269
    NBKC BANK 3 6.04% $5,165
    Armed Forces Bank 3 6.17% $4,829
    AMERISAVE MORTGAGE CORPORATION 3 5.58% $17,829
    Barrington Bank & Trust Company, N.A. 3 6.92% $5,060
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.44% $4,635
    First State Bank of St. Charles, Missouri 2 6.06% $2,943
    MOVEMENT MORTGAGE, LLC 2 6.50% $8,363
    COMMUNITY MORTGAGE, LLC 2 6.38% $3,601
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.75% $18,604
    Members Mortgage Services, L.L.C. 2 6.44% $18,732
    Carrington Mortgage Services, LLC 2 6.25% $11,001
    VILLAGE CAPITAL MORTGAGE 2 5.75% $3,775
    ROYAL UNITED MORTGAGE LLC 1 5.75% $14,060
    American Mortgage & Equity Consultants, Inc. 1 6.12% $4,931
    Arvest Bank 1 5.50% $4,415
    Bell Bank 1 6.63% $1,676
    BOKF 1 7.00% $4,950
    BROKER SOLUTIONS, INC. 1 7.25% $21,974
    CHURCHILL MORTGAGE CORPORATION 1 7.13% $6,925
    ENDEAVOR CAPITAL, LLC. 1 7.13% $1,660
    Farmers Bank & Trust 1 5.75% $1,575
    First Bank 1 6.25% $1,085
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $13,414
    First Federal Bank 1 5.25% $2,916
    Gateway First Bank 1 6.75% $8,143
    GUARANTEED RATE AFFINITY, LLC 1 6.58% $0
    GUARANTEED RATE, INC. 1 6.25% $675
    HOMESIDE FINANCIAL, LLC 1 4.99% $12,026
    Lakeview Community Capital, LLC 1 5.25% $5,962
    Mortgage Investment Services Corporation 1 5.63% $3,654
    MORTGAGEONE, INC. 1 6.25% $0
    Nations Lending Corporation 1 5.75% $15,973
    North American Savings Bank, F.S.B. 1 5.25% $6,343
    Oakstar Bank 1 6.13% $1,568
    PENTAGON FEDERAL CREDIT UNION 1 5.88% $3,222
    Prosperity Home Mortgage, LLC 1 6.12% $3,271
    AMERICAN FINANCING CORPORATION 1 5.75% $12,208
    Sierra Pacific Mortgage Company, Inc. 1 6.25% $5,499
    UNION HOME MORTGAGE CORP. 1 7.13% $2,853

    The top Topeka VA lender as defined by loan originations is Mortgage Research Center, LLC, with 120 VA loans originated. Their average total fees are $5,479, which is $156 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Topeka VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,918), NAVY FEDERAL CREDIT UNION ($4,057), NBH Bank ($4,688), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,323) and PENNYMAC LOAN SERVICES, LLC ($5,374).

    The lowest rate Topeka VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.68%), UNITED WHOLESALE MORTGAGE, LLC (5.90%), NAVY FEDERAL CREDIT UNION (5.91%), FREEDOM MORTGAGE CORPORATION (6.18%) and NBH Bank (6.19%).

    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.