Bowling Green VA Loans

BOWLING GREEN, KY

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 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.

Bowling Green's 77 lenders originated 513 VA loans during 2021. The total origination value was $119,835,000, with an average VA loan value of $233,596.

Bowling Green VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Bowling Green averaged 5.68% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.51% and one month ago for the week of 2022-04-08, the average rate was 5.24%.

The average rate one year ago was 3.25%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.32%.

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

Bowling Green VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bowling Green level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 64 2.95% $5,028
QUICKEN LOANS, LLC 47 2.54% $5,348
FREEDOM MORTGAGE CORPORATION 30 2.60% $2,562
Republic State Mortgage Co. 21 2.94% $5,444
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 21 3.03% $4,343
PENNYMAC LOAN SERVICES, LLC 17 2.42% $5,763
NAVY FEDERAL CREDIT UNION 16 2.53% $6,257
PRIMARY RESIDENTIAL MORTGAGE, INC. 16 3.11% $6,212
USAA Federal Savings Bank 13 2.86% $7,056
NEW DAY FINANCIAL, LLC 12 2.91% $5,935
Magnolia Bank 11 2.80% $6,141
Mr. Cooper ( Nationstar Mortgage ) 11 2.94% $3,955
RUOFF MORTGAGE COMPANY, INC. 10 3.14% $3,586
STOCKTON MORTGAGE CORPORATION 10 3.11% $5,772
UNITED WHOLESALE MORTGAGE, LLC 9 2.61% $5,081
MOVEMENT MORTGAGE, LLC 8 2.84% $5,623
HOME POINT FINANCIAL CORPORATION 8 2.58% $2,292
LOANDEPOT.COM, LLC 7 2.51% $6,117
ROSS MORTGAGE CORPORATION 6 3.29% $7,472
SOUTH CENTRAL BANK, INC. 6 2.46% $6,502
Wells Fargo Bank 6 2.52% $4,516
LAKEVIEW LOAN SERVICING, LLC 6 2.44% $2,617
VILLAGE CAPITAL & INVESTMENT LLC 5 2.25% $2,481
U.S. Bank 5 2.77% $10,719
Citizens Bank 5 2.80% $2,944
Bank of England 4 2.78% $8,705
NEWREZ LLC 4 2.81% $4,107
SUN WEST MORTGAGE COMPANY, INC. 3 2.54% $2,445
PENTAGON FEDERAL CREDIT UNION 3 2.33% $734
Nations Lending Corporation 3 2.71% $4,702
North American Savings Bank, F.S.B. 3 2.42% $2,244
EVANSVILLE TEACHERS 3 3.04% $2,700
CMG MORTGAGE, INC. 3 3.42% $7,444
NBKC BANK 3 2.67% $3,941
German American Bank 2 2.94% $4,736
First Federal Bank 2 4.12% $6,738
Barrington Bank & Trust Company, N.A. 2 2.94% $4,252
SWBC MORTGAGE CORPORATION 2 2.94% $4,384
FIRST COMMUNITY MORTGAGE, INC. 2 2.75% $5,303
First Guaranty Mortgage Corporation 2 2.63% $2,855
Paramount Residential Mortgage Group, Inc. 2 2.38% $7,667
SOVEREIGN LENDING GROUP INCORPORATED 2 2.50% $6,440
BAYSHORE MORTGAGE FUNDING, LLC 2 2.94% $5,584
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.50% $4,478
Willamette Valley Bank 1 2.75% $3,965
AMERISAVE MORTGAGE CORPORATION 1 2.25% $8,328
ARC HOME LLC 1 2.50% $1,601
Armed Forces Bank 1 2.75% $1,964
BROKER SOLUTIONS, INC. 1 2.25% $4,448
CALIBER HOME LOANS, INC. 1 2.25% $3,951
Carrington Mortgage Services, LLC 1 2.88% $2,024
Century Mortgage Company DBA Century Lending Company 1 2.88% $268
CHURCHILL MORTGAGE CORPORATION 1 3.25% $6,995
CLEARPATH LENDING 1 2.25% $3,654
Colten Mortgage, LLC 1 3.88% $4,258
CROSSCOUNTRY MORTGAGE, LLC 1 2.99% $0
DRAPER AND KRAMER MORTGAGE CORP. 1 2.50% $6,867
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.75% $6,360
EVERETT FINANCIAL, INC. 1 3.88% $1,185
FBC MORTGAGE, LLC 1 3.00% $7,702
First Federal Bank of Kansas City 1 2.25% $1,044
Flagstar Bank, FSB 1 2.54% $1,211
F&M Bank 1 2.88% $1,969
GUARANTEED RATE AFFINITY, LLC 1 2.50% $6,771
GUARANTY HOME MORTGAGE CORPORATION 1 2.88% $9,374
HOMESIDE FINANCIAL, LLC 1 3.13% $12,613
InterContinental Capital Group, Inc 1 2.99% $6,304
KELLER MORTGAGE, LLC 1 3.25% $4,241
Lakeview Community Capital, LLC 1 2.25% $3,076
Low VA Rates, LLC 1 2.25% $2,325
MYCUMORTGAGE, LLC 1 2.63% $8,297
NP, Inc. 1 2.25% $5,834
Prosperity Home Mortgage, LLC 1 2.50% $8,907
The Home Loan Expert LLC 1 2.25% $8,618
The Huntington National Bank 1 3.00% $13,541
Truist Bank 1 2.38% $5,638
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.88% $3,171

The top Bowling Green VA lender as defined by loan originations is Mortgage Research Center, LLC, with 64 VA loans originated. Their average total fees are $5,028, which is $320 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Bowling Green VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,562), RUOFF MORTGAGE COMPANY, INC. ($3,586), Mr. Cooper ( Nationstar Mortgage ) ($3,955), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($4,343) and Mortgage Research Center, LLC ($5,028).

The lowest rate Bowling Green VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.42%), NAVY FEDERAL CREDIT UNION (2.53%), QUICKEN LOANS, LLC (2.54%), FREEDOM MORTGAGE CORPORATION (2.60%) and Magnolia Bank (2.80%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Bowling Green (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $227,450 (1.1%) $294,374 (3.0%) 0.84 567
2018-02-01 $239,650 (2.2%) $297,569 (0.3%) 0.86 551
2018-03-01 $239,900 (-2.8%) $296,318 (-1.7%) 0.83 558
2018-04-01 $244,250 (0.1%) $302,951 (1.0%) 0.82 579
2018-05-01 $249,900 (0.2%) $305,877 (0.6%) 0.83 618
2018-06-01 $264,900 (2.6%) $312,867 (0.1%) 0.88 633
2018-07-01 $269,900 (8.0%) $319,565 (6.7%) 0.90 650
2018-08-01 $269,900 (8.0%) $320,783 (5.0%) 0.90 696
2018-09-01 $264,900 (8.8%) $317,659 (3.5%) 0.89 712
2018-10-01 $258,700 (8.0%) $308,555 (0.3%) 0.87 745
2018-11-01 $249,900 (8.8%) $300,324 (0.2%) 0.84 775
2018-12-01 $254,800 (18.0%) $303,668 (4.6%) 0.87 743
2019-01-01 $249,900 (9.9%) $303,205 (3.0%) 0.86 661
2019-02-01 $256,855 (7.2%) $304,212 (2.2%) 0.86 681
2019-03-01 $263,243 (9.7%) $309,214 (4.4%) 0.86 684
2019-04-01 $265,543 (8.7%) $308,317 (1.8%) 0.84 707
2019-05-01 $269,825 (8.0%) $312,394 (2.1%) 0.83 748
2019-06-01 $265,000 (0.0%) $308,036 (-1.5%) 0.82 764
2019-07-01 $259,055 (-4.0%) $298,592 (-6.6%) 0.81 798
2019-08-01 $252,186 (-6.6%) $296,800 (-7.5%) 0.79 794
2019-09-01 $249,900 (-5.7%) $298,632 (-6.0%) 0.79 792
2019-10-01 $249,900 (-3.4%) $294,018 (-4.7%) 0.80 819
2019-11-01 $249,900 (0.0%) $298,229 (-0.7%) 0.81 822
2019-12-01 $252,400 (-0.9%) $309,594 (2.0%) 0.84 698
2020-01-01 $258,900 (3.6%) $310,358 (2.4%) 0.86 643
2020-02-01 $259,900 (1.2%) $316,149 (3.9%) 0.84 616
2020-03-01 $259,900 (-1.3%) $321,200 (3.9%) 0.81 596
2020-04-01 $253,500 (-4.5%) $317,299 (2.9%) 0.79 610
2020-05-01 $259,900 (-3.7%) $319,939 (2.4%) 0.79 590
2020-06-01 $262,400 (-1.0%) $334,356 (8.5%) 0.77 537
2020-07-01 $269,900 (4.2%) $340,010 (13.9%) 0.77 486
2020-08-01 $269,900 (7.0%) $344,411 (16.0%) 0.77 464
2020-09-01 $269,450 (7.8%) $350,599 (17.4%) 0.77 428
2020-10-01 $264,900 (6.0%) $348,443 (18.5%) 0.76 398
2020-11-01 $247,000 (-1.2%) $311,546 (4.5%) 0.71 411
2020-12-01 $239,900 (-5.0%) $308,057 (-0.5%) 0.70 397
2021-01-01 $249,900 (-3.5%) $315,871 (1.8%) 0.74 353
2021-02-01 $244,450 (-5.9%) $308,911 (-2.3%) 0.70 296
2021-03-01 $252,400 (-2.9%) $313,063 (-2.5%) 0.71 297
2021-04-01 $259,900 (2.5%) $327,173 (3.1%) 0.70 235
2021-05-01 $269,900 (3.9%) $356,238 (11.4%) 0.71 231
2021-06-01 $264,900 (1.0%) $358,815 (7.3%) 0.69 241
2021-07-01 $269,900 (0.0%) $367,159 (8.0%) 0.70 284
2021-08-01 $289,000 (7.1%) $373,749 (8.5%) 0.76 328
2021-09-01 $280,250 (4.0%) $369,240 (5.3%) 0.74 353
2021-10-01 $279,900 (5.7%) $372,755 (7.0%) 0.74 372
2021-11-01 $291,400 (18.0%) $377,257 (21.1%) 0.77 531
2021-12-01 $299,900 (25.0%) $382,589 (24.2%) 0.80 324
2022-01-01 $289,900 (16.0%) $375,519 (18.9%) 0.77 260
2022-02-01 $299,200 (22.4%) $371,065 (20.1%) 0.76 231
2022-03-01 $297,400 (17.8%) $377,858 (20.7%) 0.73 189
2022-04-01 $300,000 (15.4%) $381,100 (16.5%) 0.71 198
Bowling Green's median listing price for 2022-04-01 was $300,000, a difference of $40,100 (15.4%) versus the prior year and $2,600 versus the prior month.

Bowling Green's median listing price comes in at 71% of the national average.

Bowling Green's average listing price for 2022-04-01 was $381,100, a difference of $53,927 (16.5%) versus the prior year and $3,242 versus the prior month.

For the 2022-04-01 period, Bowling Green had 198 MLS listings, a difference of 9 listings (5%) versus the prior month and -37 listings (-16%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Bowling Green (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 95 days 2,003 sqft
2018-02-01 96 days 2,037 sqft
2018-03-01 74 days 2,020 sqft
2018-04-01 65 days 2,083 sqft
2018-05-01 60 days 2,083 sqft
2018-06-01 59 days 2,240 sqft
2018-07-01 62 days 2,258 sqft
2018-08-01 63 days 2,288 sqft
2018-09-01 71 days 2,250 sqft
2018-10-01 74 days 2,192 sqft
2018-11-01 77 days 2,119 sqft
2018-12-01 87 days 2,100 sqft
2019-01-01 89 days 2,100 sqft
2019-02-01 88 days 2,100 sqft
2019-03-01 74 days 2,135 sqft
2019-04-01 74 days 2,153 sqft
2019-05-01 65 days 2,147 sqft
2019-06-01 60 days 2,179 sqft
2019-07-01 64 days 2,128 sqft
2019-08-01 70 days 2,083 sqft
2019-09-01 71 days 2,057 sqft
2019-10-01 70 days 2,060 sqft
2019-11-01 71 days 2,050 sqft
2019-12-01 81 days 2,033 sqft
2020-01-01 97 days 2,036 sqft
2020-02-01 99 days 2,050 sqft
2020-03-01 81 days 2,092 sqft
2020-04-01 69 days 2,031 sqft
2020-05-01 74 days 2,008 sqft
2020-06-01 77 days 2,043 sqft
2020-07-01 78 days 2,070 sqft
2020-08-01 72 days 2,092 sqft
2020-09-01 65 days 2,061 sqft
2020-10-01 59 days 2,000 sqft
2020-11-01 53 days 1,868 sqft
2020-12-01 59 days 1,850 sqft
2021-01-01 74 days 1,860 sqft
2021-02-01 71 days 1,796 sqft
2021-03-01 50 days 1,834 sqft
2021-04-01 42 days 1,798 sqft
2021-05-01 43 days 1,855 sqft
2021-06-01 38 days 1,810 sqft
2021-07-01 32 days 1,845 sqft
2021-08-01 35 days 1,942 sqft
2021-09-01 36 days 1,918 sqft
2021-10-01 17 days 1,865 sqft
2021-11-01 18 days 2,006 sqft
2021-12-01 21 days 2,033 sqft
2022-01-01 31 days 1,866 sqft
2022-02-01 48 days 1,820 sqft
2022-03-01 42 days 1,813 sqft
2022-04-01 31 days 1,824 sqft
Bowling Green's median listing age (time on market) for 2022-04-01 was 31 days. This is -25% shorter than the same period one year ago.

Bowling Green's median square footage for active listings during the 2022-04-01 period was 1,824 sqft. One year prior, the average listing was 1,798 sqft.

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.