Danville VA Loan Rates, Closing Costs & Stats

Danville, 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.

    Danville's 34 lenders originated 91 VA loans during 2024. The total origination value was $22,065,000, with an average VA loan value of $242,473.

    Danville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Danville averaged 0.58% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Danville's average VA mortgage closing costs are $5,158.

    The average rate for the prior week (2025-06-13) was 6.83% and one month ago for the week of 2025-05-16, the average rate was 6.69%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.06%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Danville 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 Danville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 26 6.22% $3,505
    BROKER SOLUTIONS, INC. 6 6.06% $10,662
    UNITED WHOLESALE MORTGAGE, LLC 5 6.05% $6,919
    LOANDEPOT.COM, LLC 4 6.06% $5,064
    QUICKEN LOANS, LLC 4 6.06% $8,172
    PENNYMAC LOAN SERVICES, LLC 3 5.62% $4,712
    FREEDOM MORTGAGE CORPORATION 2 6.31% $7,010
    NAVY FEDERAL CREDIT UNION 2 6.00% $2,961
    NEW DAY FINANCIAL, LLC 2 7.75% $8,223
    VILLAGE CAPITAL MORTGAGE 2 5.75% $2,555
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.25% $5,661
    Barrington Bank & Trust Company, N.A. 2 6.25% $5,011
    First Federal Bank 2 6.06% $9,982
    Renasant Bank 2 6.13% $3,178
    STOCKTON MORTGAGE CORPORATION 2 6.75% $9,605
    Republic State Mortgage Co. 1 7.00% $5,456
    Traditional Bank, Inc. 1 6.00% $3,244
    UNION HOME MORTGAGE CORP. 1 7.50% $12,264
    USAA Federal Savings Bank 1 5.63% $16,049
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $4,441
    AMERISAVE MORTGAGE CORPORATION 1 6.00% $3,733
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $6,691
    CARDINAL FINANCIAL 1 6.25% $6,949
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $9,256
    HOMESIDE FINANCIAL, LLC 1 7.50% $13,510
    Ixonia Bank 1 6.25% $6,365
    JPMorgan Chase Bank 1 6.49% $8,291
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $3,534
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $0
    AmeriHome Mortgage Company, LLC 1 5.63% $5,186
    NEWREZ LLC 1 6.25% $1,814
    PHH Mortgage Corporation 1 5.63% $6,819
    PLANET HOME LENDING, LLC 1 6.75% $5,641
    PNC Bank 1 6.25% $5,228

    The top Danville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $3,505, which is $7,157 lower than the next largest lender, BROKER SOLUTIONS, INC..

    The lowest fee Danville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,505), .

    The lowest rate Danville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.22%), .

    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.