Emporia VA Loan Rates, Closing Costs & Stats

Emporia, KS

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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.

    Emporia's 9 lenders originated 18 VA loans during 2023. The total origination value was $3,150,000, with an average VA loan value of $175,000.

    Emporia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Emporia averaged 7.1% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Emporia's average VA mortgage closing costs are $3,847.

    The average rate for the prior week (2024-04-12) was 6.63% and one month ago for the week of 2024-03-15, the average rate was 6.9%.

    The average rate one year ago was 6.09%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Emporia 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 Emporia level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 4 6.94% $5,781
    PENNYMAC LOAN SERVICES, LLC 3 5.54% $5,345
    NBH Bank 3 6.75% $4,272
    QUICKEN LOANS, LLC 2 6.81% $7,488
    NAVY FEDERAL CREDIT UNION 2 6.75% $3,233
    USAA Federal Savings Bank 1 6.13% $5,056
    Community First National Bank 1 7.25% $4,908
    NEW DAY FINANCIAL, LLC 1 7.75% $9,230
    AMERISAVE MORTGAGE CORPORATION 1 5.88% $14,170

    The top Emporia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4 VA loans originated. Their average total fees are $5,781, which is $437 higher than the next largest lender, PENNYMAC LOAN SERVICES, LLC.

    The lowest fee Emporia VA lenders (with over 10 loans originated) are .

    The lowest rate Emporia VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Emporia (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 $111,525 (-8.6%) $152,019 (-2.1%) 0.00 71
    2018-02-01 $104,675 (0.9%) $144,482 (-3.8%) 0.00 69
    2018-03-01 $118,500 (26.8%) $164,171 (12.7%) 0.00 73
    2018-04-01 $129,175 (40.6%) $170,343 (23.3%) 0.00 79
    2018-05-01 $97,900 (-17.2%) $153,980 (1.7%) 0.00 79
    2018-06-01 $122,750 (-0.8%) $158,238 (0.2%) 0.00 88
    2018-07-01 $122,125 (11.1%) $155,716 (13.6%) 0.00 104
    2018-08-01 $119,900 (8.4%) $159,059 (15.1%) 0.00 107
    2018-09-01 $113,900 (1.8%) $148,447 (4.0%) 0.00 106
    2018-10-01 $115,475 (-0.7%) $150,539 (2.3%) 0.00 108
    2018-11-01 $112,425 (-1.7%) $148,176 (4.1%) 0.00 111
    2018-12-01 $116,900 (-1.4%) $151,530 (-1.5%) 0.00 95
    2019-01-01 $117,450 (5.3%) $155,693 (2.4%) 0.00 86
    2019-02-01 $120,550 (15.2%) $150,165 (3.9%) 0.00 85
    2019-03-01 $139,000 (17.3%) $171,654 (4.6%) 0.00 82
    2019-04-01 $156,750 (21.4%) $198,044 (16.3%) 0.00 81
    2019-05-01 $169,425 (73.1%) $205,346 (33.4%) 0.00 77
    2019-06-01 $165,000 (34.4%) $198,543 (25.5%) 0.00 92
    2019-07-01 $147,100 (20.5%) $178,260 (14.5%) 0.00 90
    2019-08-01 $138,155 (15.2%) $176,439 (10.9%) 0.00 95
    2019-09-01 $127,886 (12.3%) $169,694 (14.3%) 0.00 94
    2019-10-01 $119,900 (3.8%) $164,188 (9.1%) 0.00 94
    2019-11-01 $122,450 (8.9%) $155,739 (5.1%) 0.00 81
    2019-12-01 $114,900 (-1.7%) $155,215 (2.4%) 0.00 66
    2020-01-01 $104,450 (-11.1%) $147,202 (-5.5%) 0.00 62
    2020-02-01 $95,900 (-20.5%) $144,059 (-4.1%) 0.00 66
    2020-03-01 $134,900 (-3.0%) $164,061 (-4.4%) 0.00 76
    2020-04-01 $149,800 (-4.4%) $176,060 (-11.1%) 0.00 74
    2020-05-01 $149,900 (-11.5%) $171,697 (-16.4%) 0.00 72
    2020-06-01 $169,225 (2.6%) $177,396 (-10.7%) 0.00 66
    2020-07-01 $178,675 (21.5%) $978,691 (449.0%) 0.00 57
    2020-08-01 $149,450 (8.2%) $168,428 (-4.5%) 0.00 57
    2020-09-01 $152,925 (19.6%) $178,843 (5.4%) 0.00 59
    2020-10-01 $144,900 (20.9%) $181,198 (10.4%) 0.00 65
    2020-11-01 $138,800 (13.4%) $195,333 (25.4%) 0.00 46
    2020-12-01 $140,594 (22.4%) $183,154 (18.0%) 0.00 42
    2021-01-01 $128,450 (23.0%) $164,120 (11.5%) 0.00 44
    2021-02-01 $134,900 (40.7%) $166,242 (15.4%) 0.00 36
    2021-03-01 $140,050 (3.8%) $182,327 (11.1%) 0.00 32
    2021-04-01 $167,513 (11.8%) $255,168 (44.9%) 0.00 34
    2021-05-01 $152,000 (1.4%) $176,318 (2.7%) 0.00 23
    2021-06-01 $107,975 (-36.2%) $164,218 (-7.4%) 0.00 36
    2021-07-01 $99,900 (-44.1%) $143,997 (-85.3%) 0.00 46
    2021-08-01 $146,175 (-2.2%) $156,324 (-7.2%) 0.00 50
    2021-09-01 $147,900 (-3.3%) $160,609 (-10.2%) 0.00 46
    2021-10-01 $139,450 (-3.8%) $159,088 (-12.2%) 0.00 49
    2021-11-01 $118,650 (-14.5%) $141,857 (-27.4%) 0.00 31
    2021-12-01 $122,400 (-12.9%) $149,057 (-18.6%) 0.00 35
    2022-01-01 $129,900 (1.1%) $149,297 (-9.0%) 0.00 29
    2022-02-01 $106,675 (-20.9%) $151,701 (-8.8%) 0.00 21
    2022-03-01 $111,050 (-20.7%) $143,041 (-21.6%) 0.00 25
    2022-04-01 $108,000 (-35.5%) $161,928 (-36.5%) 0.00 25
    2022-05-01 $122,200 (-19.6%) $178,055 (1.0%) 0.00 34
    2022-06-01 $164,450 (52.3%) $211,711 (28.9%) 0.00 28
    2022-07-01 $174,250 (74.4%) $233,069 (61.9%) 0.00 38
    2022-08-01 $177,750 (21.6%) $231,925 (48.4%) 0.00 39
    2022-09-01 $199,900 (35.2%) $242,690 (51.1%) 0.00 36
    2022-10-01 $173,500 (24.4%) $232,676 (46.3%) 0.00 35
    2022-11-01 $223,675 (88.5%) $245,387 (73.0%) 0.00 34
    2022-12-01 $205,000 (67.5%) $222,662 (49.4%) 0.00 31
    2023-01-01 $191,150 (47.2%) $233,202 (56.2%) 0.00 31
    2023-02-01 $199,900 (87.4%) $302,358 (99.3%) 0.00 31
    2023-03-01 $198,650 (78.9%) $301,245 (110.6%) 0.00 31
    2023-04-01 $179,900 (66.6%) $266,488 (64.6%) 0.00 34
    2023-05-01 $207,450 (69.8%) $275,383 (54.7%) 0.00 26
    2023-06-01 $205,950 (25.2%) $272,687 (28.8%) 0.00 30
    2023-07-01 $221,450 (27.1%) $290,866 (24.8%) 0.00 31
    2023-08-01 $223,650 (25.8%) $275,660 (18.9%) 0.00 34
    2023-09-01 $195,500 (-2.2%) $253,180 (4.3%) 0.00 38
    2023-10-01 $185,000 (6.6%) $239,112 (2.8%) 0.00 43
    2023-11-01 $167,500 (-25.1%) $241,114 (-1.7%) 0.00 34
    2023-12-01 $169,000 (-17.6%) $230,050 (3.3%) 0.00 26
    2024-01-01 $177,875 (-6.9%) $225,648 (-3.2%) 0.00 27
    2024-02-01 $199,900 (0.0%) $210,254 (-30.5%) 0.00 26
    2024-03-01 $194,900 (-1.9%) $197,357 (-34.5%) 0.00 28
    Emporia's median listing price for 2024-03-01 was $194,900, a difference of $-3,750 (-1.9%) versus the prior year and $-5,000 versus the prior month.

    Emporia's median listing price comes in at 0% of the national average.

    Emporia's average listing price for 2024-03-01 was $197,357, a difference of $-103,888 (-34.5%) versus the prior year and $-12,897 versus the prior month.

    For the 2024-03-01 period, Emporia had 28 MLS listings, a difference of 2 listings (8%) versus the prior month and -3 listings (-10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Emporia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,585 sqft
    2018-02-01 0 days 1,380 sqft
    2018-03-01 0 days 1,551 sqft
    2018-04-01 0 days 1,736 sqft
    2018-05-01 0 days 1,485 sqft
    2018-06-01 0 days 1,656 sqft
    2018-07-01 0 days 1,622 sqft
    2018-08-01 0 days 1,597 sqft
    2018-09-01 0 days 1,543 sqft
    2018-10-01 0 days 1,525 sqft
    2018-11-01 0 days 1,535 sqft
    2018-12-01 0 days 1,577 sqft
    2019-01-01 0 days 1,696 sqft
    2019-02-01 0 days 1,610 sqft
    2019-03-01 0 days 1,680 sqft
    2019-04-01 0 days 1,735 sqft
    2019-05-01 0 days 1,914 sqft
    2019-06-01 0 days 1,872 sqft
    2019-07-01 0 days 1,742 sqft
    2019-08-01 0 days 1,766 sqft
    2019-09-01 0 days 1,717 sqft
    2019-10-01 0 days 1,631 sqft
    2019-11-01 0 days 1,554 sqft
    2019-12-01 0 days 1,547 sqft
    2020-01-01 0 days 1,437 sqft
    2020-02-01 0 days 1,352 sqft
    2020-03-01 0 days 1,527 sqft
    2020-04-01 0 days 1,567 sqft
    2020-05-01 0 days 1,635 sqft
    2020-06-01 0 days 1,700 sqft
    2020-07-01 0 days 1,771 sqft
    2020-08-01 0 days 1,592 sqft
    2020-09-01 0 days 1,722 sqft
    2020-10-01 0 days 1,711 sqft
    2020-11-01 0 days 1,616 sqft
    2020-12-01 0 days 1,564 sqft
    2021-01-01 0 days 1,564 sqft
    2021-02-01 0 days 1,560 sqft
    2021-03-01 0 days 1,884 sqft
    2021-04-01 0 days 1,826 sqft
    2021-05-01 0 days 1,654 sqft
    2021-06-01 0 days 1,358 sqft
    2021-07-01 0 days 1,340 sqft
    2021-08-01 0 days 1,376 sqft
    2021-09-01 0 days 1,486 sqft
    2021-10-01 0 days 1,480 sqft
    2021-11-01 0 days 1,460 sqft
    2021-12-01 0 days 1,374 sqft
    2022-01-01 0 days 1,417 sqft
    2022-02-01 0 days 1,396 sqft
    2022-03-01 0 days 1,305 sqft
    2022-04-01 0 days 1,248 sqft
    2022-05-01 0 days 1,376 sqft
    2022-06-01 0 days 1,636 sqft
    2022-07-01 0 days 1,745 sqft
    2022-08-01 0 days 1,811 sqft
    2022-09-01 0 days 1,775 sqft
    2022-10-01 0 days 1,844 sqft
    2022-11-01 0 days 1,839 sqft
    2022-12-01 0 days 1,759 sqft
    2023-01-01 0 days 1,729 sqft
    2023-02-01 0 days 1,818 sqft
    2023-03-01 0 days 1,889 sqft
    2023-04-01 0 days 2,091 sqft
    2023-05-01 0 days 1,911 sqft
    2023-06-01 0 days 1,882 sqft
    2023-07-01 0 days 2,226 sqft
    2023-08-01 0 days 1,935 sqft
    2023-09-01 0 days 1,906 sqft
    2023-10-01 0 days 1,973 sqft
    2023-11-01 0 days 1,921 sqft
    2023-12-01 0 days 1,951 sqft
    2024-01-01 0 days 1,726 sqft
    2024-02-01 0 days 1,686 sqft
    2024-03-01 0 days 1,516 sqft
    Emporia's median listing age (time on market) for 2024-03-01 was 0 days.

    Emporia's median square footage for active listings during the 2024-03-01 period was 1,516 sqft. One year prior, the average listing was 1,889 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.