St. Louis VA Loan Rates, Closing Costs & Stats

ST. LOUIS, MO-IL

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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.

    St. Louis's 160 lenders originated 4,691 VA loans during 2024. The total origination value was $1,449,655,000, with an average VA loan value of $309,029.

    St. Louis VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in St. Louis averaged 6.81% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    St. Louis's average VA mortgage closing costs are $5,269.

    The average rate for the prior week (2025-07-11) was 6.9% and one month ago for the week of 2025-06-13, the average rate was 7.17%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.63%.

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

    St. Louis 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 St. Louis level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 1,002 6.39% $5,373
    UNITED WHOLESALE MORTGAGE, LLC 363 6.02% $5,836
    FREEDOM MORTGAGE CORPORATION 206 6.26% $8,025
    QUICKEN LOANS, LLC 195 6.13% $9,664
    PENNYMAC LOAN SERVICES, LLC 170 5.64% $6,740
    DELMAR FINANCIAL COMPANY 169 6.37% $6,036
    GUILD MORTGAGE COMPANY 161 6.52% $7,556
    NAVY FEDERAL CREDIT UNION 141 5.91% $5,114
    NEWREZ LLC 122 6.13% $6,567
    BROKER SOLUTIONS, INC. 117 6.78% $7,607
    DAS Acquisition Company, LLC 112 6.73% $6,424
    USAA Federal Savings Bank 100 6.31% $7,002
    VILLAGE CAPITAL MORTGAGE 93 5.70% $6,261
    GUARANTEED RATE, INC. 85 6.22% $4,778
    FLAT BRANCH MORTGAGE, INC. 81 6.57% $7,960
    NEW DAY FINANCIAL, LLC 77 7.51% $10,026
    ENDEAVOR CAPITAL, LLC. 60 6.51% $5,548
    GERSHMAN INVESTMENT CORP. 56 6.65% $6,106
    The Federal Savings Bank 48 6.43% $15,788
    LOANDEPOT.COM, LLC 41 6.22% $6,557
    Stifel Bank and Trust 41 6.05% $5,949
    GUARANTEED RATE AFFINITY, LLC 38 6.35% $4,272
    FAMILY FINANCE MORTGAGE, LLC 38 6.52% $7,077
    PRIMELENDING, A PLAINSCAPITAL COMPANY 36 6.35% $5,981
    Carrollton Bank 35 6.15% $6,098
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 34 6.55% $5,486
    Midwest BankCentre 32 6.12% $8,499
    LAKEVIEW LOAN SERVICING, LLC 31 5.94% $6,113
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 29 6.60% $6,591
    Mr. Cooper ( Nationstar Mortgage ) 29 6.25% $7,814
    AMERICAN PACIFIC MORTGAGE CORPORATION 28 6.37% $6,428
    SCOTT CREDIT UNION 28 5.96% $6,211
    PLANET HOME LENDING, LLC 27 5.89% $4,355
    NBKC BANK 25 5.95% $6,858
    The Central Trust Bank 25 6.66% $7,628
    FCB Banks 25 6.14% $4,874
    CMG MORTGAGE, INC. 24 6.50% $6,789
    First State Bank of St. Charles, Missouri 23 6.29% $6,787
    U.S. Bank 22 6.45% $7,461
    MORTGAGE SOLUTIONS OF COLORADO, LLC 21 6.89% $4,675
    LEADERONE FINANCIAL CORPORATION 20 6.67% $7,655
    Flagstar Bank, FSB 19 6.08% $5,453
    MUTUAL OF OMAHA MORTGAGE, INC. 19 6.07% $14,112
    Nations Lending Corporation 15 6.66% $7,418
    Carrington Mortgage Services, LLC 15 6.14% $10,933
    CROSSCOUNTRY MORTGAGE, LLC 15 6.50% $8,496
    PENTAGON FEDERAL CREDIT UNION 15 6.07% $8,222
    Paramount Residential Mortgage Group, Inc. 15 6.46% $8,232
    First Bank 13 6.49% $7,579
    Paramount Bank 12 6.45% $7,571
    GENEVA FINANCIAL, LLC 11 6.80% $7,068
    Barrington Bank & Trust Company, N.A. 11 6.20% $5,087
    CARDINAL FINANCIAL 11 6.36% $13,003
    SUN WEST MORTGAGE COMPANY, INC. 10 6.18% $7,729
    CITY FIRST MORTGAGE SERVICES, L.L.C. 10 6.80% $7,602
    COMMUNITY MORTGAGE, LLC 10 6.29% $6,980
    First Horizon Bank 10 6.25% $5,681
    PREMIA MORTGAGE, LLC 10 5.99% $3,359
    NP, Inc. 9 6.36% $9,180
    Prosperity Home Mortgage, LLC 9 6.16% $9,832
    Mid-Continent Funding, Inc. 8 6.00% $1,904
    Armed Forces Bank 8 6.13% $7,432
    First Federal Bank 8 5.78% $8,582
    PHH Mortgage Corporation 7 6.02% $7,042
    Equity Prime Mortgage LLC 7 6.59% $4,807
    Plains Commerce Bank 7 6.50% $7,731
    HOMEBRIDGE FINANCIAL SERVICES, INC. 6 6.60% $1,272
    FRONTIER FINANCIAL, INC. 6 6.54% $4,133
    PLAZA HOME MORTGAGE, INC. 6 6.38% $4,636
    Magnolia Bank 6 6.02% $10,106
    Bell Bank 6 6.35% $7,550
    Regions Bank 5 5.80% $10,995
    JPMorgan Chase Bank 5 6.15% $7,215
    AMERISAVE MORTGAGE CORPORATION 5 5.88% $16,086
    VICTORY MORTGAGE, L.L.C. 5 6.18% $5,285
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 5 6.68% $5,950
    Bank of Springfield 4 6.06% $5,935
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.41% $9,912
    AmeriHome Mortgage Company, LLC 4 6.38% $3,460
    HOMESIDE FINANCIAL, LLC 4 6.22% $14,325
    ACCESS CAPITAL FUNDING, L.L.C. 4 6.28% $7,021
    Midland States Bank 4 6.25% $12,375
    PNC Bank 4 6.47% $3,294
    United Community Bank 3 6.13% $5,361
    ZILLOW HOME LOANS, LLC 3 6.08% $8,225
    ROYAL UNITED MORTGAGE LLC 3 6.75% $8,668
    Associated Bank 3 6.29% $10,925
    BancorpSouth 3 5.75% $4,753
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 6.62% $3,622
    American Mortgage & Equity Consultants, Inc. 3 6.79% $8,297
    Ameris Bank 3 5.75% $5,495
    Texana Bank 3 7.13% $23,688
    Commerce Bank 3 7.25% $4,400
    Cornerstone First Mortgage, Inc 3 7.04% $7,161
    Lakeview Community Capital, LLC 3 6.25% $3,920
    Credence Funding Corporation 2 6.06% $6,001
    AMERICAN FINANCIAL NETWORK, INC. 2 6.13% $10,084
    Arvest Bank 2 6.19% $8,693
    Busey Bank 2 6.44% $4,620
    Century Mortgage Company DBA Century Lending Company 2 5.94% $9,656
    CHURCHILL MORTGAGE CORPORATION 2 6.75% $10,440
    CIBC Bank USA 2 5.44% $3,581
    First Western Trust Bank 2 5.25% $4,136
    Golden Empire Mortgage, Inc. 2 6.44% $3,700
    LOANPAL, LLC 2 6.19% $12,682
    MICHIGAN MUTUAL, INC. 2 6.38% $8,624
    MID AMERICA MORTGAGE, INC. 2 7.25% $4,450
    MOVEMENT MORTGAGE, LLC 2 6.50% $4,354
    NBH Bank 2 5.50% $5,825
    Servion, Inc. 2 6.88% $4,890
    Sierra Pacific Mortgage Company, Inc. 2 6.31% $9,451
    T2 FINANCIAL LLC 2 6.38% $8,654
    TOP FLITE FINANCIAL, INC. 2 6.63% $9,322
    TOWNE MORTGAGE COMPANY 2 7.19% $7,450
    Wells Fargo Bank 2 5.88% $2,949
    Merchants Bank of Indiana 1 5.63% $823
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.25% $1,021
    Ixonia Bank 1 6.13% $5,440
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.12% $6,892
    GVC MORTGAGE, INC. 1 6.75% $7,464
    Gateway First Bank 1 7.25% $6,717
    PLUS RELOCATION MORTGAGE, LLC 1 7.75% $2,831
    Flanagan State Bank 1 6.50% $4,085
    FIRST MORTGAGE COMPANY, INC. 1 6.25% $8,255
    Presidential Bank, FSB 1 6.50% $8,067
    First Mid Bank & Trust 1 6.63% $1,907
    FIRST HERITAGE FINANCIAL, LLC 1 7.00% $2,123
    First Bank 1 6.75% $11,774
    FIDELITY BANK 1 7.25% $962
    Extraco Banks 1 6.13% $6,013
    EVERETT FINANCIAL, INC. 1 6.75% $5,312
    RUHL MORTGAGE, LLC 1 6.13% $5,652
    ENVOY MORTGAGE, LTD 1 6.63% $9,888
    VERITAS FUNDING, LLC 1 6.63% $19,390
    AMERICAN FINANCING CORPORATION 1 5.25% $10,637
    SIRVA MORTGAGE, INC. 1 6.00% $7,156
    ENCORE BANK 1 6.00% $9,594
    Stride Bank 1 5.75% $16,784
    Sunflower Bank 1 5.99% $9,443
    CONTOUR MORTGAGE CORPORATION 1 5.63% $15,393
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.63% $6,624
    CLEARPATH LENDING 1 5.25% $11,547
    Capital Bank 1 4.88% $12,995
    CANOPY MORTGAGE, LLC 1 5.63% $1,969
    THOMPSON KANE & COMPANY, LLC 1 5.88% $17,882
    Waterstone Mortgage Corporation 1 6.00% $4,170
    ALLTRU Federal Credit Union 1 6.50% $19,742
    TruHome Solutions, LLC 1 6.13% $11,002
    UNION HOME MORTGAGE CORP. 1 7.00% $4,392
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $3,026
    BAY EQUITY LLC 1 6.49% $11,668
    BANKSOUTH MORTGAGE COMPANY, LLC 1 6.75% $8,759
    Bank of America 1 7.00% $11,127
    VAN DYK MORTGAGE CORPORATION 1 6.25% $4,462
    NFM, INC. 1 6.50% $11,418
    Northpointe Bank 1 6.25% $2,496
    NORWICH COMMERCIAL GROUP, INC. 1 6.13% $4,490
    NATIONS DIRECT MORTGAGE, LLC 1 6.13% $3,943
    MORTGAGEONE, INC. 1 5.75% $19,976
    Midwest Mortgage Associates Corporation 1 6.25% $13,149

    The top St. Louis VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,002 VA loans originated. Their average total fees are $5,373, which is $463 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee St. Louis VA lenders (with over 10 loans originated) are PREMIA MORTGAGE, LLC ($3,359), GUARANTEED RATE AFFINITY, LLC ($4,272), PLANET HOME LENDING, LLC ($4,355), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,675) and GUARANTEED RATE, INC. ($4,778).

    The lowest rate St. Louis VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.64%), VILLAGE CAPITAL MORTGAGE (5.70%), PLANET HOME LENDING, LLC (5.89%), NAVY FEDERAL CREDIT UNION (5.91%) and LAKEVIEW LOAN SERVICING, LLC (5.94%).

    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.