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 6.53% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

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

The average rate for the prior week (2023-05-19) was 6.35% and one month ago for the week of 2023-04-21, the average rate was 6.07%.

The average rate one year ago was 4.84%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.41%.

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 Bank 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 Bank, Inc. 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, Inc. 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.