Frankfort VA Loan Rates, Closing Costs & Stats

Frankfort, 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.

    Frankfort's 50 lenders originated 105 VA loans during 2023. The total origination value was $27,925,000, with an average VA loan value of $265,952.

    Frankfort VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Frankfort averaged 0.4% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Frankfort's average VA mortgage closing costs are $5,525.

    The average rate for the prior week (2024-11-08) was 6.7% and one month ago for the week of 2024-10-11, the average rate was 5.87%.

    The average rate one year ago was 7.56%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

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

    Frankfort 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 Frankfort level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 25 6.63% $6,442
    STOCKTON MORTGAGE CORPORATION 7 6.86% $8,853
    QUICKEN LOANS, LLC 5 6.02% $11,261
    Northpointe Bank 4 6.50% $7,640
    NEW DAY FINANCIAL, LLC 3 7.16% $6,939
    UNITED WHOLESALE MORTGAGE, LLC 3 6.29% $7,375
    NEWREZ LLC 2 6.25% $6,267
    Century Mortgage Company DBA Century Lending Company 2 6.13% $1,540
    UNION HOME MORTGAGE CORP. 2 6.69% $11,041
    USAA Federal Savings Bank 2 5.50% $7,364
    PENNYMAC LOAN SERVICES, LLC 2 5.25% $7,894
    PLANET HOME LENDING, LLC 2 6.56% $8,757
    Bank of England 2 6.00% $6,663
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.19% $11,616
    Republic State Mortgage Co. 2 7.13% $2,294
    FREEDOM MORTGAGE CORPORATION 2 6.50% $13,076
    NAVY FEDERAL CREDIT UNION 2 5.94% $8,225
    The Federal Savings Bank 2 6.63% $13,034
    LOANDEPOT.COM, LLC 1 6.25% $12,784
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $8,779
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.50% $10,316
    PENTAGON FEDERAL CREDIT UNION 1 4.88% $17,648
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $670
    Prosperity Home Mortgage, LLC 1 5.25% $7,001
    RUOFF MORTGAGE COMPANY, INC. 1 7.25% $0
    SOUTH CENTRAL BANK, INC. 1 7.00% $7,612
    Stock Yards Bank & Trust Company 1 5.38% $11,723
    THRIVE MORTGAGE, LLC 1 6.13% $5,921
    Traditional Bank, Inc. 1 6.13% $4,766
    Truist 1 5.60% $5,199
    U.S. Bank 1 6.75% $6,582
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $5,274
    Wells Fargo Bank 1 6.38% $2,231
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $15,492
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $18,136
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.25% $4,480
    Barrington Bank & Trust Company, N.A. 1 7.75% $3,149
    BNC National Bank 1 5.25% $8,411
    CALIBER HOME LOANS, INC. 1 6.75% $4,297
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $11,516
    ENDEAVOR CAPITAL, LLC. 1 6.63% $7,342
    Fifth Third Bank 1 6.63% $11,420
    First Federal Bank 1 6.00% $7,868
    FIRST STATE MORTGAGE SERVICES, LLC 1 7.25% $3,698
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.88% $16,034
    GUARANTEED RATE, INC. 1 5.75% $3,573
    GUARANTY HOME MORTGAGE CORPORATION 1 5.63% $2,776
    Guardian Savings Bank, A Federal Savings Bank 1 7.25% $17,051
    HOMESIDE FINANCIAL, LLC 1 7.25% $9,321
    INTERLINC MORTGAGE SERVICES, LLC 1 6.25% $5,537

    The top Frankfort VA lender as defined by loan originations is Mortgage Research Center, LLC, with 25 VA loans originated. Their average total fees are $6,442, which is $2,411 lower than the next largest lender, STOCKTON MORTGAGE CORPORATION.

    The lowest fee Frankfort VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,442), .

    The lowest rate Frankfort VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.63%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Frankfort (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 $179,900 (20.0%) $234,071 (17.6%) 0.00 246
    2018-02-01 $175,200 (7.9%) $233,568 (5.9%) 0.00 229
    2018-03-01 $172,450 (6.2%) $230,636 (0.7%) 0.00 222
    2018-04-01 $197,450 (19.7%) $252,258 (7.6%) 0.00 223
    2018-05-01 $209,375 (26.4%) $256,449 (11.2%) 0.00 245
    2018-06-01 $219,000 (27.0%) $262,650 (10.8%) 0.00 251
    2018-07-01 $224,900 (25.0%) $265,752 (10.1%) 0.00 283
    2018-08-01 $224,975 (25.4%) $267,644 (10.0%) 0.00 296
    2018-09-01 $227,500 (27.1%) $269,349 (8.0%) 0.00 285
    2018-10-01 $214,100 (16.1%) $265,416 (7.8%) 0.00 276
    2018-11-01 $195,829 (7.9%) $251,637 (2.4%) 0.00 268
    2018-12-01 $189,900 (4.3%) $246,015 (1.5%) 0.00 256
    2019-01-01 $189,075 (5.1%) $235,776 (0.7%) 0.00 247
    2019-02-01 $190,950 (9.0%) $251,182 (7.5%) 0.00 239
    2019-03-01 $206,943 (20.0%) $265,193 (15.0%) 0.00 224
    2019-04-01 $223,375 (13.1%) $282,163 (11.9%) 0.00 208
    2019-05-01 $219,900 (5.0%) $282,608 (10.2%) 0.00 211
    2019-06-01 $218,000 (-0.5%) $278,600 (6.1%) 0.00 192
    2019-07-01 $193,725 (-13.9%) $262,645 (-1.2%) 0.00 219
    2019-08-01 $198,691 (-11.7%) $261,111 (-2.4%) 0.00 224
    2019-09-01 $205,052 (-9.9%) $262,052 (-2.7%) 0.00 223
    2019-10-01 $209,225 (-2.3%) $262,679 (-1.0%) 0.00 233
    2019-11-01 $218,400 (11.5%) $282,147 (12.1%) 0.00 241
    2019-12-01 $215,900 (13.7%) $287,080 (16.7%) 0.00 236
    2020-01-01 $219,250 (16.0%) $287,263 (21.8%) 0.00 216
    2020-02-01 $226,750 (18.8%) $299,098 (19.1%) 0.00 191
    2020-03-01 $245,236 (18.5%) $305,023 (15.0%) 0.00 174
    2020-04-01 $244,639 (9.5%) $303,086 (7.4%) 0.00 165
    2020-05-01 $259,860 (18.2%) $334,162 (18.2%) 0.00 158
    2020-06-01 $252,000 (15.6%) $357,114 (28.2%) 0.00 131
    2020-07-01 $255,425 (31.9%) $349,922 (33.2%) 0.00 134
    2020-08-01 $242,120 (21.9%) $320,788 (22.9%) 0.00 122
    2020-09-01 $234,650 (14.4%) $317,210 (21.1%) 0.00 117
    2020-10-01 $213,450 (2.0%) $312,062 (18.8%) 0.00 123
    2020-11-01 $215,900 (-1.1%) $298,751 (5.9%) 0.00 127
    2020-12-01 $199,500 (-7.6%) $275,044 (-4.2%) 0.00 126
    2021-01-01 $195,000 (-11.1%) $271,927 (-5.3%) 0.00 113
    2021-02-01 $250,650 (10.5%) $311,071 (4.0%) 0.00 83
    2021-03-01 $252,175 (2.8%) $304,138 (-0.3%) 0.00 74
    2021-04-01 $257,400 (5.2%) $286,813 (-5.4%) 0.00 58
    2021-05-01 $263,970 (1.6%) $298,726 (-10.6%) 0.00 62
    2021-06-01 $229,450 (-9.0%) $285,507 (-20.1%) 0.00 76
    2021-07-01 $240,000 (-6.0%) $285,188 (-18.5%) 0.00 98
    2021-08-01 $234,975 (-3.0%) $267,570 (-16.6%) 0.00 108
    2021-09-01 $240,825 (2.6%) $280,858 (-11.5%) 0.00 124
    2021-10-01 $229,900 (7.7%) $280,683 (-10.1%) 0.00 133
    2021-11-01 $238,625 (10.5%) $273,328 (-8.5%) 0.00 118
    2021-12-01 $229,675 (15.1%) $279,180 (1.5%) 0.00 105
    2022-01-01 $222,500 (14.1%) $270,704 (-0.5%) 0.00 94
    2022-02-01 $231,975 (-7.5%) $272,826 (-12.3%) 0.00 74
    2022-03-01 $268,575 (6.5%) $293,104 (-3.6%) 0.00 62
    2022-04-01 $279,900 (8.7%) $263,607 (-8.1%) 0.00 56
    2022-05-01 $278,725 (5.6%) $290,312 (-2.8%) 0.00 56
    2022-06-01 $279,106 (21.6%) $294,436 (3.1%) 0.00 64
    2022-07-01 $279,000 (16.3%) $318,575 (11.7%) 0.00 87
    2022-08-01 $282,000 (20.0%) $327,579 (22.4%) 0.00 104
    2022-09-01 $296,500 (23.1%) $338,394 (20.5%) 0.00 114
    2022-10-01 $294,700 (28.2%) $343,167 (22.3%) 0.00 134
    2022-11-01 $287,625 (20.5%) $340,287 (24.5%) 0.00 143
    2022-12-01 $285,000 (24.1%) $335,950 (20.3%) 0.00 133
    2023-01-01 $310,700 (39.6%) $354,477 (31.0%) 0.00 115
    2023-02-01 $299,450 (29.1%) $344,475 (26.3%) 0.00 106
    2023-03-01 $317,975 (18.4%) $349,575 (19.3%) 0.00 105
    2023-04-01 $315,928 (12.9%) $343,931 (30.5%) 0.00 91
    2023-05-01 $327,414 (17.5%) $360,095 (24.0%) 0.00 82
    2023-06-01 $351,215 (25.8%) $364,602 (23.8%) 0.00 94
    2023-07-01 $333,658 (19.6%) $350,292 (10.0%) 0.00 101
    2023-08-01 $324,950 (15.2%) $355,026 (8.4%) 0.00 88
    2023-09-01 $287,000 (-3.2%) $343,409 (1.5%) 0.00 103
    2023-10-01 $307,200 (4.2%) $349,205 (1.8%) 0.00 112
    2023-11-01 $302,975 (5.3%) $349,171 (2.6%) 0.00 117
    2023-12-01 $299,900 (5.2%) $337,211 (0.4%) 0.00 105
    2024-01-01 $309,900 (-0.3%) $344,113 (-2.9%) 0.00 97
    2024-02-01 $304,475 (1.7%) $343,427 (-0.3%) 0.00 87
    2024-03-01 $344,950 (8.5%) $349,013 (-0.2%) 0.00 87
    2024-04-01 $340,445 (7.8%) $380,689 (10.7%) 0.00 101
    2024-05-01 $372,450 (13.8%) $431,743 (19.9%) 0.00 101
    2024-06-01 $346,530 (-1.3%) $389,537 (6.8%) 0.00 119
    2024-07-01 $329,250 (-1.3%) $391,456 (11.8%) 0.00 137
    2024-08-01 $345,000 (6.2%) $387,748 (9.2%) 0.00 149
    2024-09-01 $345,000 (20.2%) $368,668 (7.4%) 0.00 169
    2024-10-01 $345,233 (12.4%) $369,645 (5.9%) 0.00 169
    Frankfort's median listing price for 2024-10-01 was $345,233, a difference of $38,033 (12.4%) versus the prior year and $233 versus the prior month.

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

    Frankfort's average listing price for 2024-10-01 was $369,645, a difference of $20,440 (5.9%) versus the prior year and $977 versus the prior month.

    For the 2024-10-01 period, Frankfort had 169 MLS listings, a difference of 0 listings (0%) versus the prior month and 57 listings (51%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Frankfort (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,818 sqft
    2018-02-01 0 days 1,788 sqft
    2018-03-01 0 days 1,765 sqft
    2018-04-01 0 days 1,867 sqft
    2018-05-01 0 days 1,960 sqft
    2018-06-01 0 days 2,022 sqft
    2018-07-01 0 days 2,033 sqft
    2018-08-01 0 days 2,077 sqft
    2018-09-01 0 days 2,041 sqft
    2018-10-01 0 days 1,992 sqft
    2018-11-01 0 days 1,890 sqft
    2018-12-01 0 days 1,859 sqft
    2019-01-01 0 days 1,818 sqft
    2019-02-01 0 days 1,850 sqft
    2019-03-01 0 days 1,926 sqft
    2019-04-01 0 days 2,011 sqft
    2019-05-01 0 days 2,024 sqft
    2019-06-01 0 days 2,024 sqft
    2019-07-01 0 days 1,948 sqft
    2019-08-01 0 days 1,898 sqft
    2019-09-01 0 days 1,877 sqft
    2019-10-01 0 days 1,863 sqft
    2019-11-01 0 days 1,874 sqft
    2019-12-01 0 days 1,883 sqft
    2020-01-01 0 days 1,898 sqft
    2020-02-01 0 days 1,975 sqft
    2020-03-01 0 days 2,014 sqft
    2020-04-01 0 days 2,013 sqft
    2020-05-01 0 days 2,039 sqft
    2020-06-01 0 days 2,037 sqft
    2020-07-01 0 days 2,038 sqft
    2020-08-01 0 days 1,943 sqft
    2020-09-01 0 days 1,829 sqft
    2020-10-01 0 days 1,803 sqft
    2020-11-01 0 days 1,817 sqft
    2020-12-01 0 days 1,722 sqft
    2021-01-01 0 days 1,777 sqft
    2021-02-01 0 days 1,916 sqft
    2021-03-01 0 days 1,868 sqft
    2021-04-01 0 days 1,825 sqft
    2021-05-01 0 days 1,804 sqft
    2021-06-01 0 days 1,777 sqft
    2021-07-01 0 days 1,786 sqft
    2021-08-01 0 days 1,764 sqft
    2021-09-01 0 days 1,763 sqft
    2021-10-01 0 days 1,669 sqft
    2021-11-01 0 days 1,660 sqft
    2021-12-01 0 days 1,677 sqft
    2022-01-01 0 days 1,619 sqft
    2022-02-01 0 days 1,571 sqft
    2022-03-01 0 days 1,728 sqft
    2022-04-01 0 days 1,736 sqft
    2022-05-01 0 days 1,732 sqft
    2022-06-01 0 days 1,743 sqft
    2022-07-01 0 days 1,807 sqft
    2022-08-01 0 days 1,830 sqft
    2022-09-01 0 days 1,923 sqft
    2022-10-01 0 days 1,977 sqft
    2022-11-01 0 days 1,892 sqft
    2022-12-01 0 days 1,863 sqft
    2023-01-01 0 days 2,026 sqft
    2023-02-01 0 days 1,972 sqft
    2023-03-01 0 days 2,018 sqft
    2023-04-01 0 days 1,903 sqft
    2023-05-01 0 days 1,916 sqft
    2023-06-01 0 days 2,031 sqft
    2023-07-01 0 days 2,010 sqft
    2023-08-01 0 days 1,936 sqft
    2023-09-01 0 days 1,836 sqft
    2023-10-01 0 days 1,906 sqft
    2023-11-01 0 days 1,829 sqft
    2023-12-01 0 days 1,804 sqft
    2024-01-01 0 days 1,800 sqft
    2024-02-01 0 days 1,756 sqft
    2024-03-01 0 days 1,844 sqft
    2024-04-01 0 days 1,831 sqft
    2024-05-01 0 days 1,957 sqft
    2024-06-01 0 days 2,010 sqft
    2024-07-01 0 days 1,994 sqft
    2024-08-01 0 days 2,015 sqft
    2024-09-01 0 days 1,938 sqft
    2024-10-01 0 days 1,911 sqft
    Frankfort's median listing age (time on market) for 2024-10-01 was 0 days.

    Frankfort's median square footage for active listings during the 2024-10-01 period was 1,911 sqft. One year prior, the average listing was 1,906 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.