West Plains VA Loan Rates, Closing Costs & Stats

West Plains, MO

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 0.2% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 6.75% and one month ago for the week of 2025-05-16, the average rate was 6.91%.

    The average rate one year ago was 6.81%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.1%.

    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%), .

    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.