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 37 lenders originated 119 VA loans during 2024. The total origination value was $34,345,000, with an average VA loan value of $288,613.

    Frankfort VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Frankfort averaged 6.33% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Frankfort's average VA mortgage closing costs are $5,671.

    The average rate for the prior week (2025-03-28) was 6.45% and one month ago for the week of 2025-02-28, the average rate was 6.53%.

    The average rate one year ago was 6.84%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.38%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 30 6.44% $5,205
    QUICKEN LOANS, LLC 13 6.03% $9,587
    FREEDOM MORTGAGE CORPORATION 11 6.21% $6,057
    STOCKTON MORTGAGE CORPORATION 9 6.75% $8,452
    NEW DAY FINANCIAL, LLC 4 7.78% $11,553
    Fifth Third Bank 4 6.59% $1,589
    UNITED WHOLESALE MORTGAGE, LLC 4 5.62% $7,108
    LOANDEPOT.COM, LLC 3 5.08% $11,580
    The Federal Savings Bank 3 6.50% $11,426
    Northpointe Bank 2 6.56% $9,252
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.50% $11,345
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.69% $8,534
    USAA Federal Savings Bank 2 6.50% $5,047
    Mr. Cooper ( Nationstar Mortgage ) 2 6.13% $9,470
    Republic Bank & Trust Company 2 5.94% $6,171
    Barrington Bank & Trust Company, N.A. 2 6.50% $7,254
    PENNYMAC LOAN SERVICES, LLC 2 5.56% $5,665
    UNION HOME MORTGAGE CORP. 1 6.50% $7,345
    VILLAGE CAPITAL MORTGAGE 1 6.25% $4,207
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $11,051
    WesBanco 1 6.25% $3,504
    AmRes Corporation 1 7.25% $11,471
    BROKER SOLUTIONS, INC. 1 6.13% $7,425
    Capital Bank 1 5.75% $7,155
    Century Mortgage Company DBA Century Lending Company 1 5.25% $2,632
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $5,368
    EVERETT FINANCIAL, INC. 1 6.25% $5,148
    Flagstar Bank, FSB 1 5.21% $7,276
    GENEVA FINANCIAL, LLC 1 6.25% $5,428
    German American Bank 1 6.25% $3,349
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $3,663
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $3,155
    NEWREZ LLC 1 6.25% $3,834
    Plains Commerce Bank 1 6.25% $3,985
    PLANET HOME LENDING, LLC 1 6.25% $1,293
    Republic State Mortgage Co. 1 7.25% $16,428
    THE MORTGAGE WAREHOUSE,LLC 1 6.75% $10,338

    The top Frankfort VA lender as defined by loan originations is Mortgage Research Center, LLC, with 30 VA loans originated. Their average total fees are $5,205, which is $4,382 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Frankfort VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,205), FREEDOM MORTGAGE CORPORATION ($6,057), QUICKEN LOANS, LLC ($9,587), .

    The lowest rate Frankfort VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.03%), FREEDOM MORTGAGE CORPORATION (6.21%), Mortgage Research Center, LLC (6.44%), .

    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 (20.6%) $234,071 (18.1%) 0.00 246
    2018-02-01 $175,200 (7.9%) $233,568 (6.0%) 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 $206,300 (19.6%) $265,218 (15.0%) 0.00 223
    2019-04-01 $222,625 (12.8%) $282,191 (11.9%) 0.00 207
    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 (18.9%) $305,023 (15.0%) 0.00 174
    2020-04-01 $244,639 (9.9%) $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%) $290,351 (-2.8%) 0.00 56
    2022-06-01 $275,450 (20.1%) $294,490 (3.2%) 0.00 63
    2022-07-01 $277,000 (15.4%) $318,860 (11.8%) 0.00 86
    2022-08-01 $280,725 (19.5%) $327,885 (22.5%) 0.00 103
    2022-09-01 $297,000 (23.3%) $338,760 (20.6%) 0.00 113
    2022-10-01 $294,700 (28.2%) $343,225 (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 (27.5%) $364,602 (23.8%) 0.00 94
    2023-07-01 $333,658 (20.5%) $350,292 (9.9%) 0.00 101
    2023-08-01 $324,950 (15.8%) $355,026 (8.3%) 0.00 88
    2023-09-01 $287,000 (-3.4%) $343,409 (1.4%) 0.00 103
    2023-10-01 $307,200 (4.2%) $349,205 (1.7%) 0.00 112
    2023-11-01 $306,000 (6.4%) $349,469 (2.7%) 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 $367,450 (12.2%) $418,629 (16.3%) 0.00 101
    2024-06-01 $339,900 (-3.2%) $385,616 (5.8%) 0.00 119
    2024-07-01 $329,250 (-1.3%) $391,456 (11.8%) 0.00 138
    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
    2024-11-01 $328,900 (7.5%) $367,075 (5.0%) 0.00 184
    2024-12-01 $332,450 (10.9%) $367,344 (8.9%) 0.00 176
    2025-01-01 $344,080 (11.0%) $368,781 (7.2%) 0.00 165
    2025-02-01 $327,225 (7.5%) $364,517 (6.1%) 0.00 149
    2025-03-01 $342,830 (-0.6%) $365,652 (4.8%) 0.00 138
    Frankfort's median listing price for 2025-03-01 was $342,830, a difference of $-2,120 (-0.6%) versus the prior year and $15,605 versus the prior month.

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

    Frankfort's average listing price for 2025-03-01 was $365,652, a difference of $16,639 (4.8%) versus the prior year and $1,135 versus the prior month.

    For the 2025-03-01 period, Frankfort had 138 MLS listings, a difference of -11 listings (-7%) versus the prior month and 51 listings (59%) 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 2,010 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 1,810 sqft
    2022-08-01 0 days 1,838 sqft
    2022-09-01 0 days 1,925 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 1,827 sqft
    2023-12-01 0 days 1,787 sqft
    2024-01-01 0 days 1,789 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 1,980 sqft
    2024-07-01 0 days 1,984 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
    2024-11-01 0 days 1,719 sqft
    2024-12-01 0 days 1,901 sqft
    2025-01-01 0 days 1,863 sqft
    2025-02-01 0 days 1,769 sqft
    2025-03-01 0 days 1,944 sqft
    Frankfort's median listing age (time on market) for 2025-03-01 was 0 days.

    Frankfort's median square footage for active listings during the 2025-03-01 period was 1,944 sqft. One year prior, the average listing was 1,844 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.