Elizabethtown VA Loan Rates, Closing Costs & Stats
ELIZABETHTOWN-FORT KNOX, 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.
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
6.29%
for the week of 2024-10-25, compared to the national average (all VA variants) of
6.14% for the same period.
Elizabethtown's average VA mortgage closing costs are $5,199.
The average rate for the prior week (2024-10-18) was
6.2% and
one month ago for the week of 2024-09-20, the
average rate was 5.5%.
The average rate one year ago was 7.33%.
For refis of the same type during the week of 2024-10-25, the average rate
was 6.43%.
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.