West Plains VA Loan Rates, Closing Costs & Stats
West Plains, MO
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 16 lenders originated 50 VA loans during 2023. The total origination value was $12,550,000, with an average VA loan value of $251,000.
West Plains VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in West Plains
averaged
7.31%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
West Plains's average VA mortgage closing costs are $3,706.
The average rate for the prior week (2024-04-12) was
6.84% and
one month ago for the week of 2024-03-15, the
average rate was 7.1%.
The average rate one year ago was 6.39%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.76%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 12 | 7.00% | $2,193 |
| DAS Acquisition Company, LLC | 9 | 7.08% | $3,885 |
| FREEDOM MORTGAGE CORPORATION | 2 | 6.50% | $8,510 |
| PENNYMAC LOAN SERVICES, LLC | 2 | 4.75% | $2,914 |
| QUICKEN LOANS, LLC | 2 | 6.24% | $7,252 |
| NAVY FEDERAL CREDIT UNION | 2 | 5.75% | $6,732 |
| NEW DAY FINANCIAL, LLC | 1 | 7.50% | $32,090 |
| Plains Commerce Bank | 1 | 5.75% | $5,082 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 5.50% | $11,091 |
| AMERISAVE MORTGAGE CORPORATION | 1 | 6.50% | $21,195 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 7.75% | $725 |
| CARDINAL FINANCIAL | 1 | 6.75% | $8,092 |
| FLAT BRANCH MORTGAGE, INC. | 1 | 7.63% | $2,447 |
| GERSHMAN INVESTMENT CORP. | 1 | 7.75% | $2,037 |
| GUILD MORTGAGE COMPANY | 1 | 6.63% | $9,503 |
| MOVEMENT MORTGAGE, LLC | 1 | 6.25% | $2,793 |
The top West Plains VA lender as defined by loan originations is Mortgage Research Center, LLC, with
12 VA loans originated. Their average total fees are
$2,193, which is $1,692
lower than the next largest lender,
DAS Acquisition Company, LLC.
The lowest fee West Plains VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($2,193), .
The lowest rate West Plains VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (7.00%), .
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%) | $220,333 (11.2%) | 0.00 | 242 |
| 2019-12-01 | $159,900 (14.3%) | $220,751 (12.8%) | 0.00 | 230 |
| 2020-01-01 | $159,900 (12.9%) | $221,813 (14.1%) | 0.00 | 223 |
| 2020-02-01 | $164,900 (14.7%) | $225,210 (15.5%) | 0.00 | 217 |
| 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 (15.3%) | 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 (22.8%) | 0.00 | 119 |
| 2021-02-01 | $159,900 (-3.0%) | $257,735 (14.4%) | 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 |
West Plains's median listing price comes in at 0% of the national average.
West Plains's average listing price for 2024-03-01 was $372,795, a difference of $-17,453 (-4.5%) versus the prior year and $-20,673 versus the prior month.
For the 2024-03-01 period, West Plains had 160 MLS listings, a difference of 19 listings (13%) versus the prior month and 33 listings (26%) 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 | 2,192 sqft |
| 2018-07-01 | 0 days | 2,192 sqft |
| 2018-08-01 | 0 days | 2,029 sqft |
| 2018-09-01 | 0 days | 1,991 sqft |
| 2018-10-01 | 0 days | 1,978 sqft |
| 2018-11-01 | 0 days | 1,874 sqft |
| 2018-12-01 | 0 days | 1,779 sqft |
| 2019-01-01 | 0 days | 1,782 sqft |
| 2019-02-01 | 0 days | 1,791 sqft |
| 2019-03-01 | 0 days | 1,816 sqft |
| 2019-04-01 | 0 days | 1,848 sqft |
| 2019-05-01 | 0 days | 1,991 sqft |
| 2019-06-01 | 0 days | 1,989 sqft |
| 2019-07-01 | 0 days | 1,889 sqft |
| 2019-08-01 | 0 days | 1,914 sqft |
| 2019-09-01 | 0 days | 1,976 sqft |
| 2019-10-01 | 0 days | 2,058 sqft |
| 2019-11-01 | 0 days | 2,080 sqft |
| 2019-12-01 | 0 days | 2,024 sqft |
| 2020-01-01 | 0 days | 2,000 sqft |
| 2020-02-01 | 0 days | 2,000 sqft |
| 2020-03-01 | 0 days | 2,070 sqft |
| 2020-04-01 | 0 days | 2,042 sqft |
| 2020-05-01 | 0 days | 2,008 sqft |
| 2020-06-01 | 0 days | 1,992 sqft |
| 2020-07-01 | 0 days | 1,986 sqft |
| 2020-08-01 | 0 days | 2,084 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 | 1,964 sqft |
| 2021-10-01 | 0 days | 2,000 sqft |
| 2021-11-01 | 0 days | 2,006 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 | 1,987 sqft |
| 2022-07-01 | 0 days | 2,030 sqft |
| 2022-08-01 | 0 days | 1,983 sqft |
| 2022-09-01 | 0 days | 2,013 sqft |
| 2022-10-01 | 0 days | 2,016 sqft |
| 2022-11-01 | 0 days | 1,992 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 |
West Plains's median square footage for active listings during the 2024-03-01 period was 1,972 sqft. One year prior, the average listing was 1,983 sqft.