Central City VA Loan Rates, Closing Costs & Stats
Central City, 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.
Central City's 12 lenders originated 26 VA loans during 2023. The total origination value was $6,410,000, with an average VA loan value of $246,538.
Central City VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Central City
averaged
6.41%
for the week of 2025-03-21, compared to the national average (all VA variants) of
6.179% for the same period.
Central City's average VA mortgage closing costs are $4,690.
The average rate for the prior week (2025-03-14) was
6.41% and
one month ago for the week of 2025-02-14, the
average rate was 6.65%.
The average rate one year ago was 6.89%.
For refis of the same type during the week of 2025-03-21, the average rate
was 6.18%.
Central City 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 Central City level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 11 | 6.93% | $2,954 |
| QUICKEN LOANS, LLC | 3 | 6.16% | $15,689 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.50% | $6,221 |
| LOANDEPOT.COM, LLC | 1 | 6.50% | $15,046 |
| NAVY FEDERAL CREDIT UNION | 1 | 5.50% | $41 |
| NEW DAY FINANCIAL, LLC | 1 | 8.50% | $2,780 |
| Northpointe Bank | 1 | 6.25% | $5,973 |
| STOCKTON MORTGAGE CORPORATION | 1 | 6.75% | $5,499 |
| CRESCENT MORTGAGE COMPANY | 1 | 6.50% | $17,848 |
| USAA Federal Savings Bank | 1 | 7.13% | $12,928 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 6.88% | $3,859 |
| First Federal Bank | 1 | 6.75% | $8,102 |
The top Central City VA lender as defined by loan originations is Mortgage Research Center, LLC, with
11 VA loans originated. Their average total fees are
$2,954, which is $12,734
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Central City VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($2,954), .
The lowest rate Central City VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.93%), .