Elizabethtown VA Loan Rates, Closing Costs & Stats

ELIZABETHTOWN-FORT KNOX, 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.

    Elizabethtown's 75 lenders originated 689 VA loans during 2023. The total origination value was $204,025,000, with an average VA loan value of $296,118.

    Elizabethtown VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Elizabethtown averaged 6.55% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Elizabethtown's average VA mortgage closing costs are $5,199.

    The average rate for the prior week (2024-07-12) was 6.29% and one month ago for the week of 2024-06-14, the average rate was 6.56%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.39%.

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

    Elizabethtown 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 Elizabethtown level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 117 6.66% $5,677
    UNITED WHOLESALE MORTGAGE, LLC 104 6.52% $6,818
    QUICKEN LOANS, LLC 66 6.28% $8,453
    NAVY FEDERAL CREDIT UNION 40 5.70% $6,482
    Northpointe Bank 26 6.50% $10,594
    NEW DAY FINANCIAL, LLC 25 7.61% $9,879
    SOUTH CENTRAL BANK, INC. 25 6.38% $6,707
    PLAZA HOME MORTGAGE, INC. 24 6.04% $7,166
    FREEDOM MORTGAGE CORPORATION 18 6.79% $9,364
    The Federal Savings Bank 15 6.45% $13,052
    USAA Federal Savings Bank 15 6.11% $11,598
    DHI MORTGAGE COMPANY, LTD. 14 5.54% $7,555
    Prosperity Home Mortgage, LLC 12 6.14% $10,181
    INSPIRE HOME LOANS INC. 11 5.89% $8,844
    VILLAGE CAPITAL MORTGAGE 8 6.03% $12,564
    PENNYMAC LOAN SERVICES, LLC 8 5.55% $13,722
    LOANDEPOT.COM, LLC 7 6.68% $9,805
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.38% $11,409
    PENTAGON FEDERAL CREDIT UNION 6 5.73% $10,421
    GUARANTEED RATE, INC. 6 6.21% $4,715
    Magnolia Bank 5 6.28% $15,181
    Mr. Cooper ( Nationstar Mortgage ) 5 5.93% $13,452
    T2 FINANCIAL LLC 4 7.19% $10,506
    RUOFF MORTGAGE COMPANY, INC. 4 6.47% $5,974
    Stock Yards Bank & Trust Company 4 6.38% $13,146
    MUTUAL OF OMAHA MORTGAGE, INC. 4 5.97% $13,680
    Armed Forces Bank 3 5.67% $10,427
    Abound Federal Credit Union 3 6.13% $4,354
    DAS Acquisition Company, LLC 3 6.67% $14,836
    NEWREZ LLC 3 6.16% $12,367
    STOCKTON MORTGAGE CORPORATION 3 6.33% $11,302
    Citizens Bank 3 6.17% $10,721
    LAKEVIEW LOAN SERVICING, LLC 2 6.00% $6,315
    EVANSVILLE TEACHERS 2 6.94% $8,605
    EVERETT FINANCIAL, INC. 2 6.44% $10,931
    SOVEREIGN LENDING GROUP INCORPORATED 2 5.75% $11,551
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.81% $14,608
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.44% $0
    RELIANCE FIRST CAPITAL, LLC 2 6.69% $9,942
    CARDINAL FINANCIAL 2 7.25% $14,282
    CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $11,195
    Wells Fargo Bank 2 7.19% $7,327
    Paramount Residential Mortgage Group, Inc. 2 5.75% $12,235
    Century Mortgage Company DBA Century Lending Company 2 5.69% $806
    American Mortgage & Equity Consultants, Inc. 2 6.56% $12,839
    Wilson & Muir Bank & Trust Company 1 5.75% $3,252
    AMERICAN FINANCING CORPORATION 1 5.63% $9,473
    AMERISAVE MORTGAGE CORPORATION 1 6.13% $11,012
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $11,217
    Barrington Bank & Trust Company, N.A. 1 7.00% $16,016
    Capital Bank 1 5.49% $10,181
    Carrington Mortgage Services, LLC 1 3.63% $1,912
    Carrollton Bank 1 6.13% $2,493
    Citibank 1 6.25% $3,163
    Equity Prime Mortgage LLC 1 6.50% $11,046
    FIRST COMMUNITY MORTGAGE, INC. 1 6.13% $12,722
    FLAT BRANCH MORTGAGE, INC. 1 6.25% $16,633
    German American Bank 1 6.25% $17,325
    GoPrime Mortgage, Inc. 1 6.75% $11,674
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.13% $6,474
    HOMESIDE FINANCIAL, LLC 1 6.25% $12,198
    INTERLINC MORTGAGE SERVICES, LLC 1 5.75% $4,203
    Legends Bank 1 5.63% $6,363
    M&T Bank 1 6.63% $2,334
    Neighborhood Loans, Inc. 1 7.50% $5,127
    NETWORK CAPITAL FUNDING CORPORATION 1 5.38% $8,025
    North American Savings Bank, F.S.B. 1 5.75% $2,851
    PLANET HOME LENDING, LLC 1 6.38% $10,128
    RESIDENTIAL BANCORP 1 5.75% $5,167
    The Huntington National Bank 1 6.13% $2,529
    THE MORTGAGE WAREHOUSE,LLC 1 6.99% $14,482
    Truist 1 5.25% $6,155
    UNION HOME MORTGAGE CORP. 1 6.13% $3,782
    U.S. Bank 1 7.13% $13,134
    Waterstone Mortgage Corporation 1 7.13% $5,830

    The top Elizabethtown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 117 VA loans originated. Their average total fees are $5,677, which is $1,140 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Elizabethtown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,677), NAVY FEDERAL CREDIT UNION ($6,482), SOUTH CENTRAL BANK, INC. ($6,707), UNITED WHOLESALE MORTGAGE, LLC ($6,818) and PLAZA HOME MORTGAGE, INC. ($7,166).

    The lowest rate Elizabethtown VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.54%), NAVY FEDERAL CREDIT UNION (5.70%), INSPIRE HOME LOANS INC. (5.89%), PLAZA HOME MORTGAGE, INC. (6.04%) and USAA Federal Savings Bank (6.11%).

    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.