Missouri VA Loan Rates, Closing Costs & Stats

Missouri

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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.

    Missouri VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Missouri averaged -0.08% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Missouri's average VA mortgage closing costs are $4,737.

    The average rate for the prior week (2023-11-17) was 6.76% and one month ago for the week of 2023-10-20, the average rate was 7.49%.

    The average rate one year ago was 6.11%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.1%.

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

    Missouri 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 Missouri level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 2,200 5.08% $5,638
    QUICKEN LOANS, LLC 673 4.29% $9,082
    FLAT BRANCH MORTGAGE, INC. 670 4.93% $6,445
    UNITED WHOLESALE MORTGAGE, LLC 394 4.45% $6,655
    NAVY FEDERAL CREDIT UNION 370 4.10% $5,882
    FREEDOM MORTGAGE CORPORATION 368 4.38% $9,119
    PENNYMAC LOAN SERVICES, LLC 353 3.54% $6,826
    DAS Acquisition Company, LLC 346 5.19% $5,948
    USAA Federal Savings Bank 316 4.49% $6,440
    NEW DAY FINANCIAL, LLC 297 5.15% $9,036
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 230 4.94% $6,413
    GUILD MORTGAGE COMPANY 222 5.02% $8,265
    LOANDEPOT.COM, LLC 180 4.31% $7,951
    BROKER SOLUTIONS, INC. 156 4.88% $8,096
    GERSHMAN INVESTMENT CORP. 149 5.05% $6,046
    PRIMELENDING, A PLAINSCAPITAL COMPANY 128 4.89% $6,377
    Mr. Cooper ( Nationstar Mortgage ) 128 4.79% $8,963
    The Federal Savings Bank 126 4.69% $13,559
    AMERICAN PACIFIC MORTGAGE CORPORATION 87 4.83% $7,128
    AMERISAVE MORTGAGE CORPORATION 84 4.25% $11,499
    NEWREZ LLC 83 4.30% $7,755
    Barrington Bank & Trust Company, N.A. 79 4.74% $5,970
    VILLAGE CAPITAL MORTGAGE 79 3.89% $6,342
    The Central Trust Bank 72 4.57% $6,988
    North American Savings Bank, F.S.B. 70 4.43% $7,320
    GUARANTEED RATE, INC. 70 4.84% $5,800
    CALIBER HOME LOANS, INC. 70 4.53% $8,451
    Wells Fargo Bank 69 4.16% $5,382
    LEADERONE FINANCIAL CORPORATION 67 4.89% $8,594
    First State Bank of St. Charles, Missouri 65 4.61% $7,508
    Flagstar Bank, FSB 65 4.69% $6,863
    HOME POINT FINANCIAL CORPORATION 65 4.34% $7,355
    COMMUNITY MORTGAGE, LLC 62 4.91% $6,436
    Prosperity Home Mortgage, LLC 60 4.73% $9,039
    MORTGAGE SOLUTIONS OF COLORADO, LLC 60 5.78% $7,478
    LAKEVIEW LOAN SERVICING, LLC 57 3.77% $5,672
    Mid-Continent Funding, Inc. 55 4.88% $8,969
    GUARANTEED RATE AFFINITY, LLC 52 5.15% $6,018
    Arvest Bank 51 4.58% $6,301
    U.S. Bank 51 4.85% $6,857
    CROSSCOUNTRY MORTGAGE, LLC 49 5.21% $7,850
    SUMMIT FUNDING, INC. 46 5.47% $7,882
    CMG MORTGAGE, INC. 45 4.98% $8,136
    NBKC BANK 45 4.00% $7,512
    MOVEMENT MORTGAGE, LLC 44 5.04% $5,615
    CARDINAL FINANCIAL 41 4.30% $8,431
    DELMAR FINANCIAL COMPANY 39 4.91% $7,410
    PENTAGON FEDERAL CREDIT UNION 39 3.70% $6,925
    MUTUAL OF OMAHA MORTGAGE, INC. 39 4.47% $10,871
    Carrington Mortgage Services, LLC 38 4.95% $8,098
    Stifel Bank and Trust 36 4.59% $7,017
    Magnolia Bank 35 4.51% $10,265
    ENDEAVOR CAPITAL, LLC. 34 5.02% $7,738
    FAMILY FINANCE MORTGAGE, LLC 33 4.97% $7,577
    COMMUNITYAMERICA 30 4.29% $5,460
    Armed Forces Bank 29 4.50% $6,056
    PLANET HOME LENDING, LLC 26 4.39% $7,856
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 24 4.79% $6,841
    Hawthorn Bank 23 4.41% $5,002
    Equity Prime Mortgage LLC 22 4.73% $5,530
    Bell Bank 22 4.72% $7,056
    GENEVA FINANCIAL, LLC 22 5.34% $8,437
    Oakstar Bank 22 4.64% $5,215
    FINANCE OF AMERICA MORTGAGE LLC 21 4.66% $8,385
    Midwest Mortgage Associates Corporation 21 5.58% $5,758
    The Home Loan Expert LLC 20 4.32% $5,512
    Paramount Bank 19 4.57% $6,276
    EVERETT FINANCIAL, INC. 19 5.71% $5,396
    HOMEBRIDGE FINANCIAL SERVICES, INC. 19 5.18% $11,070
    UNION HOME MORTGAGE CORP. 19 5.13% $8,433
    AMERICAN FINANCING CORPORATION 18 4.62% $6,788
    T2 FINANCIAL LLC 18 4.85% $8,901
    Plains Commerce Bank 18 5.12% $8,985
    LOANPAL, LLC 18 3.92% $9,872
    ON Q FINANCIAL, INC. 16 4.84% $8,999
    Low VA Rates, LLC 15 4.35% $13,210
    Community First National Bank 15 4.27% $8,639
    F&B Acquisition Group LLC 15 4.32% $8,476
    Regions Bank 14 4.81% $6,365
    Flanagan State Bank 14 4.93% $3,654
    NBH Bank 13 4.85% $5,050
    First Bank 13 5.08% $7,275
    Gateway First Bank 13 5.28% $7,241
    Great Southern Bank 13 5.10% $5,138
    Springfield First Community Bank 13 4.79% $8,466
    Carrollton Bank 13 5.29% $6,243
    PLAZA HOME MORTGAGE, INC. 13 5.25% $5,553
    Paramount Residential Mortgage Group, Inc. 12 4.34% $7,760
    MID AMERICA MORTGAGE, INC. 12 4.60% $4,166
    FIRST COMMUNITY MORTGAGE, INC. 12 4.09% $7,003
    First Federal Bank of Kansas City 12 4.31% $7,719
    ASSEMBLIES OF GOD Credit Union 12 4.67% $5,969
    Wyndham Capital Mortgage, Inc. 12 4.16% $6,764
    Commerce Bank 12 4.55% $6,200
    Citizens Bank 11 4.40% $8,748
    VANDERBILT MORTGAGE AND FINANCE, INC. 11 4.32% $9,340
    BNC National Bank 11 4.01% $9,129
    PREMIA MORTGAGE, LLC 11 4.70% $5,782
    PNC Bank 10 4.05% $3,817
    HOMESIDE FINANCIAL, LLC 10 4.35% $12,045
    Northpointe Bank 10 4.35% $6,729
    OPEN MORTGAGE, LLC 10 5.24% $5,967
    Servion, Inc. 10 4.38% $5,553
    Texana Bank 10 4.23% $12,734
    Members Mortgage Services, L.L.C. 9 4.74% $5,393
    FRONTIER FINANCIAL, INC. 9 3.64% $5,366
    PREMIER MORTGAGE RESOURCES, L.L.C. 9 5.37% $4,825
    United Fidelity Funding Corp. 9 5.86% $8,785
    SUN WEST MORTGAGE COMPANY, INC. 9 4.98% $6,511
    M&T Bank 9 4.51% $7,463
    ACADEMY MORTGAGE CORPORATION 9 4.51% $3,412
    First Mortgage Solutions, LLC 9 3.21% $12,010
    Bank of Springfield 8 4.92% $8,236
    INLANTA MORTGAGE, INC. 8 4.25% $9,305
    JPMorgan Chase Bank 8 4.45% $8,951
    Community Mortgage Banc Corporation 8 4.59% $7,133
    Bank of America 8 4.83% $4,626
    Amerifirst Financial, Inc. 8 5.73% $6,754
    NP, Inc. 8 2.94% $3,806
    HOMESTAR FINANCIAL CORPORATION 8 5.34% $7,856
    MEGASTAR FINANCIAL CORP. 7 4.20% $4,649
    Nations Lending Corporation 7 4.91% $8,136
    FirstTrust Home Loans, Inc. 7 4.02% $3,009
    BOKF 7 4.70% $6,971
    ROYAL UNITED MORTGAGE LLC 6 5.04% $11,689
    Sunflower Bank 6 4.76% $11,094
    TOP FLITE FINANCIAL, INC. 6 4.40% $14,383
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 6 5.54% $8,356
    Bank of England 6 5.48% $7,134
    PHH Mortgage Corporation 5 5.15% $7,686
    First Horizon Bank 5 3.93% $7,550
    First Guaranty Mortgage Corporation 5 3.35% $3,031
    Mazuma Credit Union 5 4.33% $6,833
    Ameris Bank 5 5.90% $3,278
    EMBRACE HOME LOANS, INC. 5 5.35% $8,328
    Southwest Missouri Bank 5 5.18% $4,729
    TJC Mortgage, Inc. 4 4.72% $3,523
    UMB Bank 4 5.22% $10,086
    American Mortgage & Equity Consultants, Inc. 4 5.53% $5,901
    HOMESITE MORTGAGE, LLC 4 5.03% $3,181
    BancorpSouth 4 5.31% $6,265
    Pinnacle Bank 4 4.53% $5,681
    Neighborhood Loans, Inc. 4 6.75% $7,290
    S1L, Inc. 4 5.66% $5,429
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 4 4.56% $4,340
    CHERRY CREEK MORTGAGE, LLC 4 2.84% $994
    FirstBank 4 3.47% $6,058
    First Western Trust Bank 4 2.97% $5,382
    CHURCHILL MORTGAGE CORPORATION 4 5.94% $8,621
    First Federal Bank 4 4.53% $13,841
    Midwest BankCentre 4 5.00% $8,346
    Mortgage Investment Services Corporation 4 4.34% $3,217
    JAMES B. NUTTER & COMPANY 4 4.91% $6,572
    THOMPSON KANE & COMPANY, LLC 3 5.29% $4,951
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 5.58% $5,564
    First National Bank of Omaha 3 4.75% $5,204
    R-G Federal Credit Union 3 3.83% $8,204
    ALLTRU Federal Credit Union 3 5.29% $6,136
    Truist 3 3.28% $1,179
    SIRVA MORTGAGE, INC. 3 4.79% $6,304
    JLB CORPORATION 3 3.21% $6,312
    Old National Bank 3 3.88% $9,967
    SCOTT CREDIT UNION 3 5.08% $2,993
    ZILLOW HOME LOANS, LLC 3 4.83% $5,545
    Simmons Bank 3 4.75% $6,197
    VERITAS FUNDING, LLC 3 4.96% $14,856
    First Savings Bank 2 5.38% $25,251
    GUARANTY HOME MORTGAGE CORPORATION 2 5.06% $17,107
    HANCOCK MORTGAGE PARTNERS, LLC 2 5.44% $3,293
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.25% $7,026
    Landmark National Bank 2 3.44% $2,664
    Financial Funding Solutions, Inc. 2 6.31% $7,899
    Fidelity Bank 2 6.19% $3,163
    FCB Banks 2 2.56% $2,877
    MORTGAGE FINANCIAL SERVICES, LLC 2 3.94% $2,826
    Capital Bank 2 4.56% $9,994
    Peoples National Bank , N.A. 2 5.38% $3,834
    Academy Bank 2 4.31% $8,769
    RUOFF MORTGAGE COMPANY, INC. 2 5.06% $7,890
    Sierra Pacific Mortgage Company, Inc. 2 3.56% $2,542
    TOWNE MORTGAGE COMPANY 2 5.69% $10,741
    AMERICAN FINANCIAL RESOURCES, INC. 2 5.94% $6,629
    AMERICAN ADVISORS GROUP 2 3.63% $8,467
    VICTORY MORTGAGE, L.L.C. 2 5.25% $8,256
    ACCESS CAPITAL FUNDING, L.L.C. 2 5.50% $10,293
    CASTLE & COOKE MORTGAGE, LLC 1 5.25% $7,131
    Central National Bank 1 3.38% $2,060
    PANORAMA MORTGAGE GROUP, LLC 1 6.63% $3,492
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.75% $5,114
    WRIGHT-PATT CREDIT UNION, INC. 1 3.63% $5,636
    Christensen Financial, Inc. 1 5.25% $14,798
    SENTE MORTGAGE, INC. 1 5.25% $16,687
    Wilson & Muir Bank & Trust Company 1 4.88% $5,455
    WesBanco 1 5.63% $2,215
    Citizens National Bank of Greater St. Louis 1 5.25% $5,619
    NexBank 1 3.13% $0
    Community National Bank & Trust 1 6.75% $8,873
    SOUTHWEST STAGE FUNDING, LLC 1 5.88% $5,649
    Cornerstone First Mortgage, Inc 1 6.99% $10,779
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.50% $17,247
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $18,030
    CREDIT UNION WEST 1 5.63% $3,497
    CRESCENT MORTGAGE COMPANY 1 4.88% $11,733
    Mutual Federal Bank 1 4.25% $14,007
    ARC HOME LLC 1 3.25% $5,844
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.25% $8,794
    ENVOY MORTGAGE, LTD 1 6.13% $3,094
    Exchange Bank 1 4.63% $2,666
    The First National Bank of Middle Tennessee 1 5.75% $8,062
    FIDELITY BANK 1 3.75% $12,688
    Meridian Bank Corporation 1 5.25% $32,398
    THRIVE MORTGAGE, LLC 1 3.50% $1,745
    First Commonwealth Bank 1 4.75% $10,467
    First Community Bank 1 3.75% $18,317
    Town & Country Banc Mortgage Services 1 4.63% $1,404
    F&M Bank 1 5.13% $4,001
    TruHome Solutions, LLC 1 5.75% $4,025
    KELLER MORTGAGE, LLC 1 4.00% $12,068
    Ixonia Bank 1 6.75% $13,958
    Hometown Lenders, Inc. 1 6.63% $4,443
    West Town Bank & Trust 1 5.25% $12,228
    AMERICAN INTERNET MORTGAGE, INC. 1 5.00% $15,793
    First Interstate Bank 1 5.00% $14,308
    American Bank of Oklahoma 1 5.63% $10,021
    U S WIDE FINANCIAL LLC 1 3.63% $12,599
    First National Bank 1 4.75% $14,842
    VERIDIAN CREDIT UNION 1 3.99% $7,803
    First Home Bank 1 2.75% $9,689
    Goldwater Bank, N.A. 1 5.63% $22,180
    Busey Bank 1 5.13% $5,197
    First Internet Bank of Indiana 1 2.50% $6,475
    CALCON MUTUAL MORTGAGE LLC 1 5.50% $3,585
    CANOPY MORTGAGE, LLC 1 5.50% $14,852
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.13% $10,687
    BAY EQUITY LLC 1 5.25% $3,108
    Peoples Bank 1 4.99% $5,918
    Red River Bank 1 4.50% $9,713

    The top Missouri VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2,200 VA loans originated. Their average total fees are $5,638, which is $3,443 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Missouri VA lenders (with over 10 loans originated) are Flanagan State Bank ($3,654), PNC Bank ($3,817), MID AMERICA MORTGAGE, INC. ($4,166), Hawthorn Bank ($5,002) and NBH Bank ($5,050).

    The lowest rate Missouri VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.54%), PENTAGON FEDERAL CREDIT UNION (3.70%), LAKEVIEW LOAN SERVICING, LLC (3.77%), VILLAGE CAPITAL MORTGAGE (3.89%) and LOANPAL, LLC (3.92%).

    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.