Mississippi VA Loan Rates, Closing Costs & Stats

Mississippi

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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.

    Mississippi VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Mississippi averaged 6.25% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Mississippi's average VA mortgage closing costs are $5,773.

    The average rate for the prior week (2025-03-28) was 6.27% and one month ago for the week of 2025-02-28, the average rate was 6.25%.

    The average rate one year ago was 6.85%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.3%.

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

    Mississippi 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 Mississippi level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 983 6.49% $4,881
    QUICKEN LOANS, LLC 270 6.11% $10,105
    FREEDOM MORTGAGE CORPORATION 269 6.26% $6,529
    UNITED WHOLESALE MORTGAGE, LLC 241 6.02% $6,922
    DHI MORTGAGE COMPANY, LTD. 218 5.01% $5,653
    NAVY FEDERAL CREDIT UNION 196 5.94% $5,298
    Trustmark National Bank 147 6.34% $5,379
    NEW DAY FINANCIAL, LLC 140 7.53% $10,588
    CMG MORTGAGE, INC. 129 6.41% $9,360
    PENNYMAC LOAN SERVICES, LLC 120 5.58% $6,504
    USAA Federal Savings Bank 92 6.22% $7,228
    SWBC MORTGAGE CORPORATION 84 5.94% $7,978
    DSLD MORTGAGE, LLC 82 5.90% $4,070
    MORTGAGE SOLUTIONS OF COLORADO, LLC 75 7.07% $3,098
    CROSSCOUNTRY MORTGAGE, LLC 74 6.49% $6,286
    VILLAGE CAPITAL MORTGAGE 73 5.71% $5,995
    PLANET HOME LENDING, LLC 69 6.10% $4,811
    KEESLER 64 5.48% $5,128
    BROKER SOLUTIONS, INC. 57 6.83% $8,860
    NEWREZ LLC 56 5.88% $6,674
    Magnolia Bank 55 6.20% $10,362
    BancorpSouth 47 6.34% $7,506
    Flagstar Bank, FSB 45 6.32% $6,878
    Barrington Bank & Trust Company, N.A. 45 6.40% $7,165
    LOANDEPOT.COM, LLC 44 6.33% $7,847
    Renasant Bank 39 6.43% $7,422
    GUARANTEED RATE, INC. 39 6.29% $5,060
    TOWNE MORTGAGE COMPANY 38 6.48% $9,321
    COMMUNITY MORTGAGE CORPORATION 38 6.17% $10,268
    STOCKTON MORTGAGE CORPORATION 37 5.48% $9,439
    FIRST COLONY MORTGAGE CORPORATION 36 6.16% $10,397
    The Federal Savings Bank 36 6.22% $15,162
    PRIMELENDING, A PLAINSCAPITAL COMPANY 36 6.65% $5,991
    Regions Bank 29 6.11% $10,964
    GMFS LLC 29 6.49% $4,323
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 26 6.52% $7,439
    CARDINAL FINANCIAL 24 6.09% $11,947
    LAKEVIEW LOAN SERVICING, LLC 22 5.80% $5,815
    Mr. Cooper ( Nationstar Mortgage ) 22 6.36% $7,829
    GUILD MORTGAGE COMPANY 20 6.49% $10,202
    FBC MORTGAGE, LLC 20 4.95% $7,205
    Community Bank of Mississippi 18 6.44% $5,220
    Nations Lending Corporation 17 6.43% $5,829
    American Mortgage Bank, LLC 17 6.73% $6,794
    AMERISAVE MORTGAGE CORPORATION 16 6.16% $13,142
    Hancock Whitney Bank 16 6.23% $8,582
    MUTUAL OF OMAHA MORTGAGE, INC. 16 6.18% $12,821
    Lakeview Community Capital, LLC 15 5.73% $5,395
    Eagle Bank and Trust Company 13 6.15% $6,109
    First Federal Bank 13 6.10% $7,988
    Bank of England 13 6.33% $8,655
    Equity Prime Mortgage LLC 13 6.70% $6,600
    MOVEMENT MORTGAGE, LLC 12 6.34% $6,573
    MORTGAGE INVESTORS GROUP, INC. 12 6.62% $8,235
    ACOPIA, LLC 12 6.04% $5,564
    BankPlus 11 6.02% $8,595
    Merchants & Marine Bank 11 6.48% $7,404
    UNION HOME MORTGAGE CORP. 10 6.05% $10,161
    GENEVA FINANCIAL, LLC 10 6.28% $4,960
    AFFORDABLE MORTGAGE ADVISORS, LLC. 10 6.36% $6,433
    NBKC BANK 10 6.09% $5,545
    Mid-Continent Funding, Inc. 9 6.28% $7,852
    HOMEBRIDGE FINANCIAL SERVICES, INC. 9 6.35% $2,925
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.46% $4,539
    Carrington Mortgage Services, LLC 8 6.03% $11,038
    JPMorgan Chase Bank 8 5.89% $3,536
    First Horizon Bank 8 6.23% $7,941
    AmeriHome Mortgage Company, LLC 8 5.98% $5,167
    PLAZA HOME MORTGAGE, INC. 8 6.94% $7,451
    EUSTIS AND AMERICAN MORTGAGE COMPANY 7 6.41% $4,893
    FIDELITY BANK 7 6.73% $6,799
    Origin Bank 7 6.37% $4,318
    The Citizens National Bank of Meridian 7 6.66% $10,689
    Texana Bank 7 6.52% $6,238
    Paramount Residential Mortgage Group, Inc. 6 6.08% $9,441
    PENTAGON FEDERAL CREDIT UNION 6 6.02% $6,455
    HOMESIDE FINANCIAL, LLC 6 6.27% $10,932
    RELIANCE FIRST CAPITAL, LLC 5 6.60% $10,567
    LAND HOME FINANCIAL SERVICES, INC. 5 6.38% $15,291
    FIRST COMMUNITY MORTGAGE, INC. 5 6.42% $8,948
    Ixonia Bank 5 7.03% $11,180
    American Mortgage & Equity Consultants, Inc. 5 6.60% $10,611
    LEADERONE FINANCIAL CORPORATION 5 7.15% $7,525
    SUN WEST MORTGAGE COMPANY, INC. 4 5.97% $13,324
    AMERICAN FINANCIAL NETWORK, INC. 4 6.25% $5,799
    Armed Forces Bank 4 6.22% $7,330
    Assurance Financial Group, L.L.C. 4 6.31% $4,018
    BARTLETT MORTGAGE, INC. 4 6.16% $6,041
    CALCON MUTUAL MORTGAGE LLC 4 6.59% $2,754
    DELMAR FINANCIAL COMPANY 4 6.46% $5,088
    Patriot Bank 4 6.31% $6,016
    Pinnacle Bank 4 6.06% $13,655
    SOUTHWEST STAGE FUNDING, LLC 4 6.13% $3,909
    T2 FINANCIAL LLC 4 6.84% $6,759
    Truist 4 6.55% $5,436
    Independent Bank 3 7.00% $4,961
    S1L, Inc. 3 6.50% $6,558
    Princeton Mortgage Corporation 3 6.54% $4,693
    Presidential Bank, FSB 3 6.63% $9,321
    CORNERSTONE HOME LENDING, INC. 3 6.83% $4,534
    Northpointe Bank 3 6.71% $7,882
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.58% $4,441
    OPEN MORTGAGE, LLC 3 6.00% $5,202
    The Loan Store, Inc. 3 6.62% $8,570
    Wells Fargo Bank 3 5.96% $4,640
    EVERETT FINANCIAL, INC. 3 5.21% $5,482
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.44% $4,189
    GoPrime Mortgage, Inc. 2 7.06% $5,324
    Goldwater Bank, N.A. 2 7.75% $22,760
    FirstBank 2 6.69% $3,254
    M&T Bank 2 6.50% $10,726
    Evolve Bank & Trust 2 6.19% $5,602
    EVANSVILLE TEACHERS 2 6.88% $7,705
    NORWICH COMMERCIAL GROUP, INC. 2 6.00% $10,148
    DAS Acquisition Company, LLC 2 6.00% $8,249
    U.S. Bank 2 6.88% $5,352
    Cornerstone First Mortgage, Inc 2 6.25% $10,786
    ALLIANT CREDIT UNION 2 5.25% $4,957
    CONTOUR MORTGAGE CORPORATION 2 6.50% $6,327
    PREMIA MORTGAGE, LLC 2 6.31% $5,667
    Citizens Bank 2 6.50% $2,133
    CHURCHILL MORTGAGE CORPORATION 2 6.19% $11,615
    ROYAL UNITED MORTGAGE LLC 2 6.94% $8,791
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.88% $7,748
    SOUTHWEST FUNDING, LP 2 7.19% $16,529
    STANDARD MORTGAGE CORPORATION 2 5.81% $11,313
    Wolfe Financial, Inc 2 6.19% $7,366
    Ameris Bank 2 6.13% $2,931
    ZILLOW HOME LOANS, LLC 2 6.94% $4,100
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.94% $6,390
    GUARANTEED RATE AFFINITY, LLC 2 6.36% $4,894
    Grand Bank for Savings, FSB 2 6.44% $2,810
    Reliabank Dakota 1 6.25% $3,386
    CIS Financial Services, Inc. 1 7.13% $10,793
    MORTGAGE ACCESS CORP. 1 6.63% $4,169
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $14,101
    RUOFF MORTGAGE COMPANY, INC. 1 5.75% $11,787
    ENVOY MORTGAGE, LTD 1 5.25% $10,071
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $4,526
    Service Federal Credit Union 1 6.38% $3,228
    ServisFirst Bank 1 6.13% $4,353
    SIRVA MORTGAGE, INC. 1 6.38% $2,822
    UMB Bank 1 6.13% $5,136
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.12% $4,892
    NASA Federal Credit Union 1 5.25% $5,561
    AMERICAN FINANCING CORPORATION 1 5.75% $5,938
    CHARTER WEST BANK 1 6.25% $9,491
    Stride Bank 1 6.50% $13,451
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.38% $14,713
    SUMMIT FUNDING, INC. 1 7.25% $3,350
    Sunflower Bank 1 6.63% $15,198
    Academy Bank 1 6.75% $2,864
    C & F Mortgage Corporation 1 6.13% $3,354
    First Western Trust Bank 1 5.75% $5,561
    Midwest BankCentre 1 6.25% $6,163
    DIRECTIONS EQUITY, LLC 1 5.62% $12,259
    Paramount Bank 1 6.13% $3,252
    Bank OZK 1 6.00% $7,984
    AmRes Corporation 1 6.25% $10,803
    NexBank 1 5.88% $5,164
    First Community Bank 1 6.13% $11,137
    PHH Mortgage Corporation 1 7.63% $89
    THE MORTGAGE FIRM, INC. 1 6.99% $4,936
    Plains Commerce Bank 1 6.25% $14,878
    TJC Mortgage, Inc. 1 5.25% $3,628
    Commerce Bank 1 7.00% $4,782
    Towne Bank 1 6.13% $5,860
    EMBRACE HOME LOANS, INC. 1 5.25% $11,422
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $18,982
    City National Bank of Florida 1 5.99% $4,015
    EMM LOANS LLC 1 7.13% $5,818
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $4,064
    Listerhill Credit Union 1 6.75% $3,447

    The top Mississippi VA lender as defined by loan originations is Mortgage Research Center, LLC, with 983 VA loans originated. Their average total fees are $4,881, which is $5,224 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Mississippi VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,098), DSLD MORTGAGE, LLC ($4,070), GMFS LLC ($4,323), PLANET HOME LENDING, LLC ($4,811) and Mortgage Research Center, LLC ($4,881).

    The lowest rate Mississippi VA lenders (with over 10 loans originated) are FBC MORTGAGE, LLC (4.95%), DHI MORTGAGE COMPANY, LTD. (5.01%), KEESLER (5.48%), STOCKTON MORTGAGE CORPORATION (5.48%) and PENNYMAC LOAN SERVICES, LLC (5.58%).

    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.