Missouri VA Loan Rates, Closing Costs & Stats

Missouri

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 6.49% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

Missouri's average VA mortgage closing costs are $4,959.

The average rate for the prior week (2024-05-31) was 6.8% and one month ago for the week of 2024-05-03, the average rate was 6.82%.

The average rate one year ago was 6.82%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.63%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 1,811 6.77% $5,235
FLAT BRANCH MORTGAGE, INC. 564 6.70% $6,854
QUICKEN LOANS, LLC 406 6.29% $9,528
UNITED WHOLESALE MORTGAGE, LLC 317 6.55% $6,225
NAVY FEDERAL CREDIT UNION 309 5.89% $5,239
DAS Acquisition Company, LLC 235 7.04% $5,639
GUILD MORTGAGE COMPANY 214 6.63% $7,990
PENNYMAC LOAN SERVICES, LLC 213 5.58% $6,147
USAA Federal Savings Bank 198 6.38% $7,158
FREEDOM MORTGAGE CORPORATION 172 6.55% $13,461
NEW DAY FINANCIAL, LLC 165 7.49% $11,162
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 161 6.71% $6,234
BROKER SOLUTIONS, INC. 126 6.64% $8,079
GERSHMAN INVESTMENT CORP. 118 7.03% $6,162
PRIMELENDING, A PLAINSCAPITAL COMPANY 95 6.74% $5,949
The Federal Savings Bank 83 6.33% $14,880
LEADERONE FINANCIAL CORPORATION 81 6.75% $8,554
LOANDEPOT.COM, LLC 78 6.36% $13,207
MORTGAGE SOLUTIONS OF COLORADO, LLC 70 7.62% $2,952
Midwest Mortgage Associates Corporation 69 6.68% $5,751
The Central Trust Bank 69 6.61% $6,860
Mr. Cooper ( Nationstar Mortgage ) 62 6.14% $10,678
Prosperity Home Mortgage, LLC 57 6.49% $6,800
NEWREZ LLC 55 6.77% $7,849
COMMUNITY MORTGAGE, LLC 52 6.73% $6,857
AMERISAVE MORTGAGE CORPORATION 50 5.72% $15,625
GUARANTEED RATE, INC. 49 6.39% $4,594
CROSSCOUNTRY MORTGAGE, LLC 49 6.71% $8,748
Mid-Continent Funding, Inc. 46 6.47% $7,554
VILLAGE CAPITAL MORTGAGE 46 5.96% $9,087
PENTAGON FEDERAL CREDIT UNION 43 5.69% $7,850
NBKC BANK 43 5.88% $7,158
U.S. Bank 41 6.55% $6,640
First State Bank of St. Charles, Missouri 40 6.33% $6,248
CARDINAL FINANCIAL 37 6.67% $12,359
ENDEAVOR CAPITAL, LLC. 36 6.62% $8,618
Plains Commerce Bank 35 6.24% $8,609
Barrington Bank & Trust Company, N.A. 33 6.36% $6,152
Arvest Bank 33 6.48% $5,117
Gateway First Bank 31 6.77% $5,289
GUARANTEED RATE AFFINITY, LLC 30 6.48% $6,106
Flagstar Bank, FSB 29 6.50% $8,477
Stifel Bank and Trust 28 6.28% $5,646
FAMILY FINANCE MORTGAGE, LLC 26 6.65% $7,309
MUTUAL OF OMAHA MORTGAGE, INC. 26 6.36% $9,813
COMMUNITYAMERICA 25 6.52% $4,941
AMERICAN PACIFIC MORTGAGE CORPORATION 25 6.54% $7,411
PLANET HOME LENDING, LLC 23 6.06% $6,755
First Bank 23 6.32% $4,941
HALLMARK HOME MORTGAGE, LLC 22 6.78% $10,062
MOVEMENT MORTGAGE, LLC 21 6.74% $7,535
DELMAR FINANCIAL COMPANY 21 6.64% $6,528
SUMMIT FUNDING, INC. 19 6.66% $7,590
LAKEVIEW LOAN SERVICING, LLC 19 6.40% $11,252
Hawthorn Bank 18 6.49% $6,212
North American Savings Bank, F.S.B. 17 5.69% $9,977
Bell Bank 17 6.51% $6,509
United Fidelity Funding Corp. 17 7.00% $9,291
MEGASTAR FINANCIAL CORP. 17 6.50% $6,705
Flanagan State Bank 16 6.67% $3,409
Neighborhood Loans, Inc. 16 6.73% $9,393
MID AMERICA MORTGAGE, INC. 16 6.73% $4,436
Magnolia Bank 16 6.29% $14,854
EVERETT FINANCIAL, INC. 16 6.87% $8,056
JPMorgan Chase Bank 16 6.45% $4,138
Armed Forces Bank 16 6.38% $8,374
VANDERBILT MORTGAGE AND FINANCE, INC. 16 5.61% $10,062
SUN WEST MORTGAGE COMPANY, INC. 15 6.61% $6,935
Equity Prime Mortgage LLC 15 7.51% $3,953
Paramount Residential Mortgage Group, Inc. 15 6.58% $9,497
ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 6.67% $8,598
CMG MORTGAGE, INC. 13 6.50% $8,689
Carrollton Bank 13 6.41% $7,534
Regions Bank 13 6.25% $7,047
HOMEBRIDGE FINANCIAL SERVICES, INC. 12 6.44% $5,825
BNC National Bank 12 5.74% $5,904
Oakstar Bank 12 6.90% $6,486
UMB Bank 12 6.33% $5,514
Nations Lending Corporation 11 6.69% $9,263
UNION HOME MORTGAGE CORP. 11 6.75% $7,424
Wells Fargo Bank 11 5.76% $3,147
PLAZA HOME MORTGAGE, INC. 10 7.00% $6,247
GENEVA FINANCIAL, LLC 10 7.08% $8,270
Springfield First Community Bank 10 6.83% $7,333
LOANPAL, LLC 9 6.28% $15,254
TOWNE MORTGAGE COMPANY 9 6.65% $8,459
Ixonia Bank 9 6.39% $8,203
ASSEMBLIES OF GOD Credit Union 8 6.43% $6,465
Waterstone Mortgage Corporation 8 6.23% $7,938
PREMIA MORTGAGE, LLC 8 5.91% $8,303
First Federal Bank 8 6.28% $6,254
First Federal Bank of Kansas City 8 6.55% $7,075
American Mortgage & Equity Consultants, Inc. 7 6.68% $6,633
OPEN MORTGAGE, LLC 7 6.36% $10,553
BAYSHORE MORTGAGE FUNDING, LLC 7 6.66% $9,089
NBH Bank 7 6.59% $9,026
Citizens Bank 7 6.21% $6,455
ON Q FINANCIAL, INC. 6 6.33% $8,163
AMERICAN FINANCIAL NETWORK, INC. 6 7.00% $11,513
FIRST MORTGAGE COMPANY, INC. 6 6.83% $7,431
FIRST INTEGRITY MORTGAGE SERVICES, INC. 6 7.00% $5,009
Bank of England 6 6.71% $10,653
S1L, Inc. 6 6.96% $13,653
BAY EQUITY LLC 6 5.96% $11,029
PREMIER MORTGAGE RESOURCES, L.L.C. 6 6.56% $6,838
First National Bank of Omaha 6 6.44% $7,075
Commerce Bank 6 6.75% $9,145
ACADEMY MORTGAGE CORPORATION 5 6.35% $10,299
Paramount Bank 5 6.80% $5,310
Mortgage Investment Services Corporation 5 6.85% $6,971
FRONTIER FINANCIAL, INC. 5 6.93% $7,461
Truist 5 6.30% $5,518
Carrington Mortgage Services, LLC 5 5.68% $2,476
BancorpSouth 5 6.48% $4,309
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.95% $5,601
Great Southern Bank 5 6.00% $3,405
Southwest Missouri Bank 5 6.18% $5,617
Midwest BankCentre 4 6.41% $5,050
PHH Mortgage Corporation 4 6.68% $10,462
MORTGAGE FINANCIAL SERVICES, LLC 4 6.91% $6,677
Cornerstone First Mortgage, Inc 4 6.84% $8,708
First Horizon Bank 4 7.06% $7,604
THOMPSON KANE & COMPANY, LLC 4 6.38% $6,240
HOMESITE MORTGAGE, LLC 4 5.81% $6,447
HOMESIDE FINANCIAL, LLC 4 7.25% $11,883
HOMESTAR FINANCIAL CORPORATION 4 7.25% $4,236
AMERICAN FINANCING CORPORATION 4 6.22% $13,393
ZILLOW HOME LOANS, LLC 4 5.88% $8,030
SIRVA MORTGAGE, INC. 4 6.22% $15,210
First Savings Bank 4 5.53% $18,503
Mazuma Credit Union 4 6.00% $7,601
ROYAL UNITED MORTGAGE LLC 4 6.69% $10,808
VICTORY MORTGAGE, L.L.C. 4 6.06% $9,287
NP, Inc. 4 7.03% $5,807
First Financial Bank 3 6.38% $3,174
GSF Mortgage Corporation 3 5.25% $4,708
Community National Bank & Trust 3 5.79% $8,651
Community Mortgage Banc Corporation 3 7.33% $1,910
M&T Bank 3 6.92% $10,633
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 7.12% $3,563
CHURCHILL MORTGAGE CORPORATION 3 7.04% $6,585
NFM, INC. 3 6.79% $5,956
CALIBER HOME LOANS, INC. 3 6.71% $6,300
Academy Bank 3 6.83% $11,530
PNC Bank 3 6.17% $1,650
Bank of Springfield 3 6.75% $11,491
BANK OF LITTLE ROCK MORTGAGE CORPORATION 3 6.04% $17,700
Sierra Pacific Mortgage Company, Inc. 3 6.33% $6,705
Simmons Bank 3 6.88% $6,591
Ameris Bank 3 6.33% $6,228
R-G Federal Credit Union 2 6.30% $11,251
TJC Mortgage, Inc. 2 6.06% $2,533
TOP FLITE FINANCIAL, INC. 2 7.25% $14,304
ENVOY MORTGAGE, LTD 2 6.88% $9,057
TruHome Solutions, LLC 2 6.63% $5,825
Farmers Bank & Trust 2 6.00% $7,300
CALCON MUTUAL MORTGAGE LLC 2 6.19% $7,086
Fidelity Bank 2 6.25% $9,154
SUCCESS MORTGAGE PARTNERS, INC. 2 6.56% $6,441
Bank of America 2 7.31% $8,283
VERITAS FUNDING, LLC 2 6.75% $27,417
Members Mortgage Services, L.L.C. 2 7.13% $2,505
T2 FINANCIAL LLC 2 6.88% $9,812
AXIA FINANCIAL, LLC 2 6.38% $4,619
Service Federal Credit Union 2 6.44% $5,298
Servion, Inc. 2 6.13% $9,179
AMCAP MORTGAGE, LTD. 2 6.50% $8,231
BLUCURRENT 2 6.44% $3,015
Community First National Bank 2 6.88% $4,108
CONTOUR MORTGAGE CORPORATION 2 6.75% $15,816
FIDELITY BANK 1 6.63% $3,685
First Community Bank 1 6.00% $8,182
The Huntington National Bank 1 6.63% $5,463
Heartland Bank and Trust Company 1 7.13% $2,175
THRIVE MORTGAGE, LLC 1 6.13% $14,356
TIB The Independent Bankersbank 1 7.25% $5,067
FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $7,049
FirstTrust Home Loans, Inc. 1 6.25% $150
First Western Trust Bank 1 6.50% $4,755
GREENSTATE CREDIT UNION 1 5.99% $5,975
UNITED 1 7.25% $3,622
GRANITE FEDERAL CREDIT UNION 1 5.75% $10,076
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $6,006
Central National Bank 1 6.00% $7,943
Capital Bank 1 5.38% $9,948
Centennial Bank 1 6.38% $3,809
Northpointe Bank 1 6.25% $137
NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $9,248
CIBC Bank USA 1 6.00% $4,799
NATIONS RELIABLE LENDING, LLC 1 7.13% $11,556
Frontier Bank 1 5.75% $3,664
CRESCENT MORTGAGE COMPANY 1 6.50% $3,861
Pinnacle Bank 1 6.13% $3,258
BOKF 1 6.13% $6,389
ALLTRU Federal Credit Union 1 6.13% $8,101
DRAPER AND KRAMER MORTGAGE CORP. 1 6.13% $8,726
EMBRACE HOME LOANS, INC. 1 6.25% $4,000
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $6,361
Merchants Bank of Indiana 1 6.75% $8,663
Fortress Bank 1 7.25% $0
ACCESS CAPITAL FUNDING, L.L.C. 1 5.75% $7,171
MAINSTREET FEDERAL CREDIT UNION 1 6.50% $2,496
SCOTT CREDIT UNION 1 6.50% $14,328
SeaTrust Mortgage Company 1 7.00% $6,559
FIRST STATE MORTGAGE SERVICES, LLC 1 5.75% $10,286
First United Bank and Trust Company 1 5.88% $15,932
Equity Bank 1 6.75% $41,055
Southside Bank 1 6.63% $10,694
FCB Banks 1 6.25% $2,876
Sunflower Bank 1 5.63% $12,280

The top Missouri VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,811 VA loans originated. Their average total fees are $5,235, which is $1,619 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

The lowest fee Missouri VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,952), Wells Fargo Bank ($3,147), Flanagan State Bank ($3,409), Equity Prime Mortgage LLC ($3,953) and JPMorgan Chase Bank ($4,138).

The lowest rate Missouri VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.58%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.61%), PENTAGON FEDERAL CREDIT UNION (5.69%), North American Savings Bank, F.S.B. (5.69%) and AMERISAVE MORTGAGE CORPORATION (5.72%).

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.