Bowling Green VA Loan Rates, Closing Costs & Stats

BOWLING GREEN, KY

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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.

    Bowling Green's 53 lenders originated 183 VA loans during 2023. The total origination value was $51,425,000, with an average VA loan value of $281,011.

    Bowling Green VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bowling Green averaged 6.37% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Bowling Green's average VA mortgage closing costs are $5,254.

    The average rate for the prior week (2024-07-12) was 6.71% and one month ago for the week of 2024-06-14, the average rate was 6.77%.

    The average rate one year ago was 6.75%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.84%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bowling Green level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 43 6.78% $5,642
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 15 6.70% $5,840
    NAVY FEDERAL CREDIT UNION 12 5.91% $4,076
    QUICKEN LOANS, LLC 11 6.29% $12,325
    UNITED WHOLESALE MORTGAGE, LLC 8 6.82% $6,262
    STOCKTON MORTGAGE CORPORATION 8 6.44% $8,512
    NEW DAY FINANCIAL, LLC 6 7.71% $10,350
    FBC MORTGAGE, LLC 5 5.14% $6,346
    ROSS MORTGAGE CORPORATION 5 7.20% $11,691
    FREEDOM MORTGAGE CORPORATION 4 6.56% $11,911
    USAA Federal Savings Bank 4 6.53% $5,180
    EVERETT FINANCIAL, INC. 3 7.04% $3,903
    RUOFF MORTGAGE COMPANY, INC. 3 6.88% $3,436
    EVANSVILLE TEACHERS 3 6.42% $8,797
    CARDINAL FINANCIAL 2 6.94% $11,251
    Bank of England 2 6.75% $8,137
    Barrington Bank & Trust Company, N.A. 2 6.00% $9,861
    GUARANTEED RATE, INC. 2 6.30% $6,754
    JPMorgan Chase Bank 2 7.00% $6,071
    Mr. Cooper ( Nationstar Mortgage ) 2 6.50% $7,971
    The Federal Savings Bank 2 6.25% $10,130
    VILLAGE CAPITAL MORTGAGE 2 5.75% $7,479
    HOMESIDE FINANCIAL, LLC 1 7.25% $4,816
    U.S. Bank 1 6.13% $15,262
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $6,177
    MORTGAGE ACCESS CORP. 1 6.25% $7,107
    First Federal Bank 1 6.63% $6,577
    MOVEMENT MORTGAGE, LLC 1 6.25% $742
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.63% $600
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.50% $10,274
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $1,927
    Community First National Bank 1 6.25% $3,623
    PENNYMAC LOAN SERVICES, LLC 1 5.13% $3,863
    Plains Commerce Bank 1 7.25% $7,448
    PLANET HOME LENDING, LLC 1 5.50% $5,716
    PNC Bank 1 6.00% $6,951
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.75% $671
    Prosperity Home Mortgage, LLC 1 7.63% $2,854
    CMG MORTGAGE, INC. 1 6.99% $9,481
    Citizens Bank 1 6.25% $3,644
    Century Mortgage Company DBA Century Lending Company 1 6.50% $521
    SOUTH CENTRAL BANK, INC. 1 6.75% $5,855
    AMERICAN FINANCING CORPORATION 1 6.25% $7,335
    Wells Fargo Bank 1 6.00% $8,605
    The Huntington National Bank 1 5.25% $3,564
    TOP FLITE FINANCIAL, INC. 1 6.63% $3,628
    TOWNE MORTGAGE COMPANY 1 5.99% $4,916
    BROKER SOLUTIONS, INC. 1 5.25% $10,044
    FirstTrust Home Loans, Inc. 1 6.49% $0
    First Financial Bank 1 6.00% $8,554
    Gateway First Bank 1 6.25% $1,883
    AMERISAVE MORTGAGE CORPORATION 1 7.25% $9,598
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.99% $29,868

    The top Bowling Green VA lender as defined by loan originations is Mortgage Research Center, LLC, with 43 VA loans originated. Their average total fees are $5,642, which is $198 lower than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

    The lowest fee Bowling Green VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,076), Mortgage Research Center, LLC ($5,642), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($5,840), QUICKEN LOANS, LLC ($12,325) and .

    The lowest rate Bowling Green VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.91%), QUICKEN LOANS, LLC (6.29%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.70%), Mortgage Research Center, LLC (6.78%) and .

    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.