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 0.5% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.81% and one month ago for the week of 2024-10-11, the average rate was 6.18%.

    The average rate one year ago was 7.57%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.54%.

    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.