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 6.74% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

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

    The average rate for the prior week (2024-04-05) was 6.69% and one month ago for the week of 2024-03-08, the average rate was 6.32%.

    The average rate one year ago was 5.91%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.91%.

    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 .

    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 $227,200 (0.8%) $291,935 (2.1%) 0.84 571
    2018-02-01 $236,975 (2.0%) $295,196 (-0.4%) 0.86 558
    2018-03-01 $239,700 (-2.1%) $292,642 (-2.9%) 0.84 571
    2018-04-01 $239,900 (-1.5%) $298,927 (0.0%) 0.81 587
    2018-05-01 $240,684 (-2.4%) $303,038 (0.2%) 0.80 628
    2018-06-01 $257,250 (1.9%) $309,645 (-0.2%) 0.86 642
    2018-07-01 $268,250 (7.3%) $319,331 (6.7%) 0.90 657
    2018-08-01 $269,900 (8.0%) $322,644 (5.9%) 0.90 695
    2018-09-01 $264,900 (10.4%) $318,026 (4.2%) 0.89 717
    2018-10-01 $257,450 (8.7%) $308,613 (1.2%) 0.87 754
    2018-11-01 $249,900 (9.5%) $300,269 (0.6%) 0.85 778
    2018-12-01 $249,900 (14.1%) $303,103 (4.5%) 0.86 747
    2019-01-01 $254,900 (12.2%) $305,684 (4.7%) 0.88 661
    2019-02-01 $258,550 (9.1%) $306,460 (3.8%) 0.87 683
    2019-03-01 $264,186 (10.2%) $312,894 (6.9%) 0.86 682
    2019-04-01 $266,735 (11.2%) $313,952 (5.0%) 0.85 703
    2019-05-01 $269,900 (12.1%) $314,092 (3.7%) 0.84 743
    2019-06-01 $269,900 (4.9%) $308,976 (-0.2%) 0.84 763
    2019-07-01 $261,677 (-2.5%) $299,888 (-6.1%) 0.82 789
    2019-08-01 $253,536 (-6.1%) $293,995 (-8.9%) 0.80 790
    2019-09-01 $251,491 (-5.1%) $289,568 (-9.0%) 0.80 796
    2019-10-01 $249,900 (-2.9%) $287,917 (-6.7%) 0.81 807
    2019-11-01 $249,700 (-0.1%) $290,924 (-3.1%) 0.82 822
    2019-12-01 $249,900 (0.0%) $299,469 (-1.2%) 0.83 689
    2020-01-01 $252,900 (-0.8%) $299,539 (-2.0%) 0.85 630
    2020-02-01 $259,900 (0.5%) $304,698 (-0.6%) 0.85 613
    2020-03-01 $261,450 (-1.0%) $311,228 (-0.5%) 0.82 587
    2020-04-01 $259,400 (-2.8%) $306,893 (-2.3%) 0.81 600
    2020-05-01 $259,900 (-3.7%) $306,493 (-2.4%) 0.79 578
    2020-06-01 $264,175 (-2.1%) $318,364 (3.0%) 0.78 523
    2020-07-01 $269,900 (3.1%) $321,047 (7.1%) 0.78 474
    2020-08-01 $269,900 (6.5%) $325,646 (10.8%) 0.77 442
    2020-09-01 $268,250 (6.7%) $336,088 (16.1%) 0.77 415
    2020-10-01 $264,900 (6.0%) $335,450 (16.5%) 0.76 386
    2020-11-01 $244,725 (-2.0%) $304,672 (4.7%) 0.72 399
    2020-12-01 $239,900 (-4.0%) $299,780 (0.1%) 0.71 383
    2021-01-01 $249,900 (-1.2%) $306,925 (2.5%) 0.75 337
    2021-02-01 $249,225 (-4.1%) $304,296 (-0.1%) 0.73 282
    2021-03-01 $253,675 (-3.0%) $311,208 (0.0%) 0.72 287
    2021-04-01 $262,400 (1.2%) $328,906 (7.2%) 0.71 229
    2021-05-01 $269,900 (3.9%) $353,921 (15.5%) 0.72 224
    2021-06-01 $264,900 (0.3%) $356,860 (12.1%) 0.70 236
    2021-07-01 $269,900 (0.0%) $370,869 (15.5%) 0.71 285
    2021-08-01 $285,950 (6.0%) $372,077 (14.3%) 0.76 319
    2021-09-01 $283,725 (5.8%) $370,990 (10.4%) 0.76 345
    2021-10-01 $284,950 (7.6%) $376,185 (12.1%) 0.76 359
    2021-11-01 $296,450 (21.1%) $381,667 (25.3%) 0.79 360
    2021-12-01 $299,225 (24.7%) $381,791 (27.4%) 0.81 314
    2022-01-01 $289,900 (16.0%) $378,813 (23.4%) 0.78 254
    2022-02-01 $297,950 (19.6%) $372,264 (22.3%) 0.77 226
    2022-03-01 $298,675 (17.7%) $397,300 (27.7%) 0.75 187
    2022-04-01 $309,900 (18.1%) $405,316 (23.2%) 0.74 199
    2022-05-01 $305,200 (13.1%) $402,446 (13.7%) 0.70 224
    2022-06-01 $324,900 (22.7%) $401,342 (12.5%) 0.72 269
    2022-07-01 $329,900 (22.2%) $395,778 (6.7%) 0.74 354
    2022-08-01 $333,406 (16.6%) $397,987 (7.0%) 0.77 355
    2022-09-01 $338,088 (19.2%) $399,354 (7.7%) 0.79 358
    2022-10-01 $336,900 (18.2%) $409,060 (8.7%) 0.79 398
    2022-11-01 $329,795 (11.3%) $658,635 (72.6%) 0.79 436
    2022-12-01 $322,900 (7.9%) $393,624 (3.1%) 0.80 419
    2023-01-01 $318,900 (10.0%) $392,072 (3.5%) 0.79 385
    2023-02-01 $332,400 (11.6%) $397,890 (6.9%) 0.80 399
    2023-03-01 $331,200 (10.9%) $401,671 (1.1%) 0.78 406
    2023-04-01 $339,700 (9.6%) $406,963 (0.4%) 0.79 406
    2023-05-01 $346,950 (13.7%) $422,286 (4.9%) 0.79 421
    2023-06-01 $353,647 (8.9%) $428,433 (6.8%) 0.79 466
    2023-07-01 $345,000 (4.6%) $422,260 (6.7%) 0.78 491
    2023-08-01 $337,400 (1.2%) $413,040 (3.8%) 0.77 525
    2023-09-01 $324,900 (-3.9%) $400,513 (0.3%) 0.76 548
    2023-10-01 $326,450 (-3.1%) $393,743 (-3.7%) 0.77 574
    2023-11-01 $319,175 (-3.2%) $383,312 (-41.8%) 0.76 594
    2023-12-01 $305,000 (-5.5%) $369,627 (-6.1%) 0.74 602
    2024-01-01 $309,400 (-3.0%) $366,833 (-6.4%) 0.76 571
    2024-02-01 $309,900 (-6.8%) $371,778 (-6.6%) 0.75 584
    2024-03-01 $314,950 (-4.9%) $385,897 (-3.9%) 0.74 597
    Bowling Green's median listing price for 2024-03-01 was $314,950, a difference of $-16,250 (-4.9%) versus the prior year and $5,050 versus the prior month.

    Bowling Green's median listing price comes in at 74% of the national average.

    Bowling Green's average listing price for 2024-03-01 was $385,897, a difference of $-15,774 (-3.9%) versus the prior year and $14,119 versus the prior month.

    For the 2024-03-01 period, Bowling Green had 597 MLS listings, a difference of 13 listings (2%) versus the prior month and 191 listings (47%) 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 94 days 2,001 sqft
    2018-02-01 94 days 2,005 sqft
    2018-03-01 67 days 2,003 sqft
    2018-04-01 60 days 2,054 sqft
    2018-05-01 59 days 2,070 sqft
    2018-06-01 54 days 2,165 sqft
    2018-07-01 58 days 2,212 sqft
    2018-08-01 61 days 2,282 sqft
    2018-09-01 68 days 2,250 sqft
    2018-10-01 71 days 2,194 sqft
    2018-11-01 73 days 2,122 sqft
    2018-12-01 85 days 2,100 sqft
    2019-01-01 88 days 2,100 sqft
    2019-02-01 87 days 2,100 sqft
    2019-03-01 81 days 2,147 sqft
    2019-04-01 74 days 2,171 sqft
    2019-05-01 63 days 2,176 sqft
    2019-06-01 59 days 2,180 sqft
    2019-07-01 61 days 2,161 sqft
    2019-08-01 62 days 2,092 sqft
    2019-09-01 66 days 2,067 sqft
    2019-10-01 68 days 2,054 sqft
    2019-11-01 71 days 2,036 sqft
    2019-12-01 81 days 2,014 sqft
    2020-01-01 95 days 2,017 sqft
    2020-02-01 99 days 2,049 sqft
    2020-03-01 76 days 2,076 sqft
    2020-04-01 68 days 2,029 sqft
    2020-05-01 74 days 2,013 sqft
    2020-06-01 75 days 2,050 sqft
    2020-07-01 73 days 2,061 sqft
    2020-08-01 68 days 2,075 sqft
    2020-09-01 55 days 2,053 sqft
    2020-10-01 57 days 2,000 sqft
    2020-11-01 51 days 1,851 sqft
    2020-12-01 58 days 1,837 sqft
    2021-01-01 73 days 1,857 sqft
    2021-02-01 66 days 1,796 sqft
    2021-03-01 45 days 1,830 sqft
    2021-04-01 39 days 1,812 sqft
    2021-05-01 38 days 1,860 sqft
    2021-06-01 32 days 1,798 sqft
    2021-07-01 31 days 1,848 sqft
    2021-08-01 32 days 1,900 sqft
    2021-09-01 37 days 1,913 sqft
    2021-10-01 44 days 1,866 sqft
    2021-11-01 49 days 1,945 sqft
    2021-12-01 52 days 1,988 sqft
    2022-01-01 65 days 1,851 sqft
    2022-02-01 50 days 1,813 sqft
    2022-03-01 37 days 1,821 sqft
    2022-04-01 26 days 1,830 sqft
    2022-05-01 31 days 1,854 sqft
    2022-06-01 31 days 1,967 sqft
    2022-07-01 33 days 2,008 sqft
    2022-08-01 46 days 1,942 sqft
    2022-09-01 49 days 1,946 sqft
    2022-10-01 45 days 1,980 sqft
    2022-11-01 52 days 1,953 sqft
    2022-12-01 64 days 1,942 sqft
    2023-01-01 79 days 1,932 sqft
    2023-02-01 62 days 1,922 sqft
    2023-03-01 51 days 1,920 sqft
    2023-04-01 58 days 1,926 sqft
    2023-05-01 53 days 1,967 sqft
    2023-06-01 46 days 1,979 sqft
    2023-07-01 47 days 1,914 sqft
    2023-08-01 51 days 1,898 sqft
    2023-09-01 54 days 1,820 sqft
    2023-10-01 63 days 1,819 sqft
    2023-11-01 68 days 1,801 sqft
    2023-12-01 74 days 1,723 sqft
    2024-01-01 79 days 1,735 sqft
    2024-02-01 67 days 1,748 sqft
    2024-03-01 52 days 1,750 sqft
    Bowling Green's median listing age (time on market) for 2024-03-01 was 52 days. This is 2% longer than the same period one year ago.

    Bowling Green's median square footage for active listings during the 2024-03-01 period was 1,750 sqft. One year prior, the average listing was 1,920 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.