Bowling Green VA Loan Rates, Closing Costs & Stats

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 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 6.77% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

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

The average rate for the prior week (2024-05-10) was 6.77% and one month ago for the week of 2024-04-12, the average rate was 6.95%.

The average rate one year ago was 6.36%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.94%.

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
2024-04-01 $324,650 (-4.4%) $394,895 (-3.0%) 0.76 623
Bowling Green's median listing price for 2024-04-01 was $324,650, a difference of $-15,050 (-4.4%) versus the prior year and $9,700 versus the prior month.

Bowling Green's median listing price comes in at 76% of the national average.

Bowling Green's average listing price for 2024-04-01 was $394,895, a difference of $-12,068 (-3.0%) versus the prior year and $8,998 versus the prior month.

For the 2024-04-01 period, Bowling Green had 623 MLS listings, a difference of 26 listings (4%) versus the prior month and 217 listings (53%) 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
2024-04-01 52 days 1,770 sqft
Bowling Green's median listing age (time on market) for 2024-04-01 was 52 days. This is -11% shorter than the same period one year ago.

Bowling Green's median square footage for active listings during the 2024-04-01 period was 1,770 sqft. One year prior, the average listing was 1,926 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.