Bowling Green VA Loans

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 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.