West Plains VA Loan Rates, Closing Costs & Stats

West Plains, MO

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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.

    West Plains's 27 lenders originated 67 VA loans during 2024. The total origination value was $17,485,000, with an average VA loan value of $260,970.

    West Plains VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in West Plains averaged 6.87% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    West Plains's average VA mortgage closing costs are $3,938.

    The average rate for the prior week (2025-07-04) was 6.58% and one month ago for the week of 2025-06-06, the average rate was 7.05%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.17%.

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

    West Plains 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 West Plains level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 14 6.21% $4,484
    FREEDOM MORTGAGE CORPORATION 8 5.95% $8,774
    DAS Acquisition Company, LLC 5 6.73% $6,233
    VILLAGE CAPITAL MORTGAGE 4 6.25% $7,068
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.41% $1,088
    UNITED WHOLESALE MORTGAGE, LLC 2 5.75% $7,004
    PENNYMAC LOAN SERVICES, LLC 2 5.25% $4,649
    Equity Prime Mortgage LLC 2 6.75% $4,633
    LOANDEPOT.COM, LLC 1 6.25% $8,518
    AMERISAVE MORTGAGE CORPORATION 1 5.63% $13,665
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $0
    NEW DAY FINANCIAL, LLC 1 7.49% $9,907
    PLANET HOME LENDING, LLC 1 5.50% $3,333
    QUICKEN LOANS, LLC 1 7.13% $7,609
    Servion, Inc. 1 6.25% $6,182
    Simmons Bank 1 5.75% $2,965
    SUN WEST MORTGAGE COMPANY, INC. 1 6.25% $13,234
    USAA Federal Savings Bank 1 6.88% $2,326
    VERIDIAN CREDIT UNION 1 7.13% $2,106
    Mid-Continent Funding, Inc. 1 7.63% $2,933
    Ameris Bank 1 7.63% $2,347
    Barrington Bank & Trust Company, N.A. 1 6.75% $6,306
    Carrington Mortgage Services, LLC 1 7.00% $6,863
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $4,333
    First State Bank of St. Charles, Missouri 1 6.00% $8,260
    FLAT BRANCH MORTGAGE, INC. 1 6.13% $2,934
    LAKEVIEW LOAN SERVICING, LLC 1 5.50% $4,920

    The top West Plains VA lender as defined by loan originations is Mortgage Research Center, LLC, with 14 VA loans originated. Their average total fees are $4,484, which is $4,291 lower than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee West Plains VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,484), .

    The lowest rate West Plains VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.21%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - West Plains (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 $132,900 (5.7%) $205,692 (16.7%) 0.00 298
    2018-02-01 $139,450 (9.2%) $197,712 (10.2%) 0.00 297
    2018-03-01 $141,450 (8.9%) $201,936 (12.0%) 0.00 287
    2018-04-01 $146,225 (12.6%) $198,508 (5.8%) 0.00 287
    2018-05-01 $144,475 (4.7%) $195,592 (1.7%) 0.00 278
    2018-06-01 $139,950 (0.0%) $196,376 (2.2%) 0.00 279
    2018-07-01 $145,000 (4.3%) $202,700 (6.8%) 0.00 279
    2018-08-01 $144,700 (3.4%) $195,164 (0.9%) 0.00 278
    2018-09-01 $145,000 (3.7%) $196,519 (-1.1%) 0.00 286
    2018-10-01 $146,875 (6.8%) $197,698 (1.6%) 0.00 277
    2018-11-01 $143,950 (2.1%) $198,122 (-0.4%) 0.00 273
    2018-12-01 $139,900 (0.3%) $195,675 (-3.7%) 0.00 252
    2019-01-01 $141,600 (6.6%) $194,478 (-5.5%) 0.00 239
    2019-02-01 $143,825 (3.1%) $194,912 (-1.4%) 0.00 243
    2019-03-01 $150,432 (6.4%) $210,159 (4.1%) 0.00 238
    2019-04-01 $158,788 (8.6%) $225,352 (13.5%) 0.00 232
    2019-05-01 $161,200 (11.6%) $229,898 (17.5%) 0.00 242
    2019-06-01 $159,900 (14.3%) $230,844 (17.6%) 0.00 255
    2019-07-01 $158,950 (9.6%) $229,644 (13.3%) 0.00 258
    2019-08-01 $159,050 (9.9%) $228,726 (17.2%) 0.00 255
    2019-09-01 $159,275 (9.8%) $229,147 (16.6%) 0.00 255
    2019-10-01 $159,675 (8.7%) $231,106 (16.9%) 0.00 250
    2019-11-01 $159,900 (11.1%) $220,249 (11.2%) 0.00 243
    2019-12-01 $159,900 (14.3%) $220,661 (12.8%) 0.00 231
    2020-01-01 $159,900 (12.9%) $221,716 (14.0%) 0.00 224
    2020-02-01 $164,950 (14.7%) $225,095 (15.5%) 0.00 218
    2020-03-01 $169,900 (12.9%) $235,693 (12.2%) 0.00 227
    2020-04-01 $174,900 (10.2%) $234,467 (4.0%) 0.00 223
    2020-05-01 $175,900 (9.1%) $238,872 (3.9%) 0.00 214
    2020-06-01 $168,650 (5.5%) $236,161 (2.3%) 0.00 209
    2020-07-01 $175,000 (10.1%) $240,987 (4.9%) 0.00 190
    2020-08-01 $194,900 (22.5%) $248,812 (8.8%) 0.00 173
    2020-09-01 $199,900 (25.5%) $262,597 (14.6%) 0.00 141
    2020-10-01 $184,900 (15.8%) $254,990 (10.3%) 0.00 136
    2020-11-01 $166,950 (4.4%) $254,142 (15.4%) 0.00 144
    2020-12-01 $168,900 (5.6%) $283,789 (28.6%) 0.00 132
    2021-01-01 $169,900 (6.3%) $272,371 (22.9%) 0.00 119
    2021-02-01 $159,900 (-3.1%) $257,735 (14.5%) 0.00 101
    2021-03-01 $165,950 (-2.3%) $261,253 (10.8%) 0.00 95
    2021-04-01 $187,475 (7.2%) $320,633 (36.8%) 0.00 83
    2021-05-01 $193,750 (10.2%) $324,535 (35.9%) 0.00 92
    2021-06-01 $184,750 (9.6%) $375,674 (59.1%) 0.00 96
    2021-07-01 $247,500 (41.4%) $379,889 (57.6%) 0.00 109
    2021-08-01 $259,900 (33.4%) $390,021 (56.8%) 0.00 114
    2021-09-01 $220,950 (10.5%) $362,506 (38.1%) 0.00 134
    2021-10-01 $244,900 (32.5%) $392,355 (53.9%) 0.00 105
    2021-11-01 $249,950 (49.7%) $406,400 (59.9%) 0.00 105
    2021-12-01 $279,900 (65.7%) $439,180 (54.8%) 0.00 96
    2022-01-01 $225,000 (32.4%) $414,415 (52.2%) 0.00 86
    2022-02-01 $208,675 (30.5%) $411,738 (59.8%) 0.00 85
    2022-03-01 $200,000 (20.5%) $420,086 (60.8%) 0.00 80
    2022-04-01 $225,000 (20.0%) $414,750 (29.4%) 0.00 87
    2022-05-01 $266,725 (37.7%) $432,415 (33.2%) 0.00 91
    2022-06-01 $274,763 (48.7%) $384,942 (2.5%) 0.00 93
    2022-07-01 $319,200 (29.0%) $387,225 (1.9%) 0.00 116
    2022-08-01 $308,200 (18.6%) $379,271 (-2.8%) 0.00 133
    2022-09-01 $286,225 (29.5%) $384,757 (6.1%) 0.00 135
    2022-10-01 $275,000 (12.3%) $355,810 (-9.3%) 0.00 160
    2022-11-01 $262,400 (5.0%) $347,529 (-14.5%) 0.00 167
    2022-12-01 $249,900 (-10.7%) $339,978 (-22.6%) 0.00 164
    2023-01-01 $251,175 (11.6%) $355,710 (-14.2%) 0.00 148
    2023-02-01 $259,950 (24.6%) $372,130 (-9.6%) 0.00 136
    2023-03-01 $275,000 (37.5%) $390,248 (-7.1%) 0.00 127
    2023-04-01 $279,900 (24.4%) $417,988 (0.8%) 0.00 123
    2023-05-01 $277,450 (4.0%) $398,429 (-7.9%) 0.00 125
    2023-06-01 $267,450 (-2.7%) $374,488 (-2.7%) 0.00 132
    2023-07-01 $269,900 (-15.4%) $385,714 (-0.4%) 0.00 124
    2023-08-01 $252,175 (-18.2%) $380,083 (0.2%) 0.00 130
    2023-09-01 $249,900 (-12.7%) $355,060 (-7.7%) 0.00 135
    2023-10-01 $246,725 (-10.3%) $349,749 (-1.7%) 0.00 143
    2023-11-01 $249,925 (-4.8%) $362,677 (4.4%) 0.00 143
    2023-12-01 $245,000 (-2.0%) $355,220 (4.5%) 0.00 148
    2024-01-01 $239,800 (-4.5%) $363,894 (2.3%) 0.00 134
    2024-02-01 $249,900 (-3.9%) $393,468 (5.7%) 0.00 141
    2024-03-01 $249,900 (-9.1%) $372,795 (-4.5%) 0.00 160
    2024-04-01 $257,500 (-8.0%) $368,878 (-11.8%) 0.00 172
    2024-05-01 $249,900 (-9.9%) $374,449 (-6.0%) 0.00 175
    2024-06-01 $246,900 (-7.7%) $357,393 (-4.6%) 0.00 179
    2024-07-01 $245,225 (-9.1%) $344,948 (-10.6%) 0.00 198
    2024-08-01 $249,900 (-0.9%) $349,586 (-8.0%) 0.00 211
    2024-09-01 $258,725 (3.5%) $399,655 (12.6%) 0.00 218
    2024-10-01 $266,950 (8.2%) $410,063 (17.2%) 0.00 230
    2024-11-01 $265,000 (6.0%) $400,367 (10.4%) 0.00 247
    2024-12-01 $272,400 (11.2%) $426,492 (20.1%) 0.00 225
    2025-01-01 $262,450 (9.5%) $420,058 (15.4%) 0.00 218
    2025-02-01 $266,000 (6.4%) $420,051 (6.8%) 0.00 216
    2025-03-01 $254,900 (2.0%) $423,194 (13.5%) 0.00 217
    2025-04-01 $254,975 (-1.0%) $423,613 (14.8%) 0.00 222
    2025-05-01 $264,900 (6.0%) $425,726 (13.7%) 0.00 239
    2025-06-01 $254,900 (3.2%) $363,319 (1.7%) 0.00 227
    West Plains's median listing price for 2025-06-01 was $254,900, a difference of $8,000 (3.2%) versus the prior year and $-10,000 versus the prior month.

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

    West Plains's average listing price for 2025-06-01 was $363,319, a difference of $5,926 (1.7%) versus the prior year and $-62,407 versus the prior month.

    For the 2025-06-01 period, West Plains had 227 MLS listings, a difference of -12 listings (-5%) versus the prior month and 48 listings (27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - West Plains (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,000 sqft
    2018-02-01 0 days 2,009 sqft
    2018-03-01 0 days 2,097 sqft
    2018-04-01 0 days 2,109 sqft
    2018-05-01 0 days 2,110 sqft
    2018-06-01 0 days 2,184 sqft
    2018-07-01 0 days 2,183 sqft
    2018-08-01 0 days 2,027 sqft
    2018-09-01 0 days 1,989 sqft
    2018-10-01 0 days 1,974 sqft
    2018-11-01 0 days 1,866 sqft
    2018-12-01 0 days 1,776 sqft
    2019-01-01 0 days 1,781 sqft
    2019-02-01 0 days 1,791 sqft
    2019-03-01 0 days 1,819 sqft
    2019-04-01 0 days 1,855 sqft
    2019-05-01 0 days 1,995 sqft
    2019-06-01 0 days 1,995 sqft
    2019-07-01 0 days 1,903 sqft
    2019-08-01 0 days 1,919 sqft
    2019-09-01 0 days 1,979 sqft
    2019-10-01 0 days 2,058 sqft
    2019-11-01 0 days 2,060 sqft
    2019-12-01 0 days 2,017 sqft
    2020-01-01 0 days 1,994 sqft
    2020-02-01 0 days 2,000 sqft
    2020-03-01 0 days 2,070 sqft
    2020-04-01 0 days 2,045 sqft
    2020-05-01 0 days 2,017 sqft
    2020-06-01 0 days 1,999 sqft
    2020-07-01 0 days 2,001 sqft
    2020-08-01 0 days 2,088 sqft
    2020-09-01 0 days 2,157 sqft
    2020-10-01 0 days 2,025 sqft
    2020-11-01 0 days 1,878 sqft
    2020-12-01 0 days 1,905 sqft
    2021-01-01 0 days 1,909 sqft
    2021-02-01 0 days 1,876 sqft
    2021-03-01 0 days 1,713 sqft
    2021-04-01 0 days 1,873 sqft
    2021-05-01 0 days 2,000 sqft
    2021-06-01 0 days 1,993 sqft
    2021-07-01 0 days 2,012 sqft
    2021-08-01 0 days 2,218 sqft
    2021-09-01 0 days 1,956 sqft
    2021-10-01 0 days 2,000 sqft
    2021-11-01 0 days 2,000 sqft
    2021-12-01 0 days 1,800 sqft
    2022-01-01 0 days 1,715 sqft
    2022-02-01 0 days 1,843 sqft
    2022-03-01 0 days 1,881 sqft
    2022-04-01 0 days 1,932 sqft
    2022-05-01 0 days 2,240 sqft
    2022-06-01 0 days 2,011 sqft
    2022-07-01 0 days 2,049 sqft
    2022-08-01 0 days 2,004 sqft
    2022-09-01 0 days 2,028 sqft
    2022-10-01 0 days 2,024 sqft
    2022-11-01 0 days 1,999 sqft
    2022-12-01 0 days 1,902 sqft
    2023-01-01 0 days 1,896 sqft
    2023-02-01 0 days 1,900 sqft
    2023-03-01 0 days 1,983 sqft
    2023-04-01 0 days 2,068 sqft
    2023-05-01 0 days 1,999 sqft
    2023-06-01 0 days 1,945 sqft
    2023-07-01 0 days 2,053 sqft
    2023-08-01 0 days 2,046 sqft
    2023-09-01 0 days 1,953 sqft
    2023-10-01 0 days 1,904 sqft
    2023-11-01 0 days 1,924 sqft
    2023-12-01 0 days 1,895 sqft
    2024-01-01 0 days 1,909 sqft
    2024-02-01 0 days 1,940 sqft
    2024-03-01 0 days 1,972 sqft
    2024-04-01 0 days 1,869 sqft
    2024-05-01 0 days 1,828 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,713 sqft
    2024-08-01 0 days 1,687 sqft
    2024-09-01 0 days 1,763 sqft
    2024-10-01 0 days 1,800 sqft
    2024-11-01 0 days 1,773 sqft
    2024-12-01 0 days 1,703 sqft
    2025-01-01 0 days 1,721 sqft
    2025-02-01 0 days 1,712 sqft
    2025-03-01 0 days 1,647 sqft
    2025-04-01 0 days 1,653 sqft
    2025-05-01 0 days 1,700 sqft
    2025-06-01 0 days 1,696 sqft
    West Plains's median listing age (time on market) for 2025-06-01 was 0 days.

    West Plains's median square footage for active listings during the 2025-06-01 period was 1,696 sqft. One year prior, the average listing was 1,800 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.